TORGARNES AS
Score · fiscal year 2023
43of 100
How to read this: the company is ahead of 39 % of small companies in the same sector in 2023. What does this mean?
Rank: 2,296 of 3,738 · Sjømat
Profile
Cheetah · Sprinter
High profitability, lower solidity
Position against comparable companies in 2023, not a verdict on the company. Based on profitability 77 and solidity 17 out of 100 among small companies in the same sector in 2023. Methodology
Against the sector
TORGARNES AS is 7 points below the median for small companies in the same sector in 2023.
Median score 50 among 3,282 companies.
Against small companies in the same sector in 2023: operating margin 32.6% (median 9.0%) and equity ratio 6.7% (median 35.9%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 1 MNOK | 2 MNOK |
| Operating margin | 32.6% | 9.0% |
| Profit margin | 14.9% | 5.5% |
| Return on assets | 9.9% | 2.7% |
| Equity ratio | 6.7% | 35.9% |
| Debt-to-equity | 13.84 | 1.08 |
| Current ratio | 0.35 | 1.66 |
| Revenue growth | – | 10.5% |
The median and “ahead of” refer to small companies in the same sector in 2023. The bar shows the share of companies the figure is ahead of.
With an index of 43, TORGARNES AS does better than 39% of small companies in the same sector (3,284 companies) in 2023.
Score 2023–2025
- TORGARNES AS
- Median: small companies in the same sector
What the numbers say
TORGARNES AS had an operating margin of 32.6% and an equity ratio of 6.7% in 2023, and ranks 2,296 of 3,738 in Sjømat.
This text is generated automatically from the 2023 accounts.
Three simple methods
The methods give between 0 MNOK and 1 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 1 MNOK |
| EV/EBIT | 8.0 | debt above value |
| P/B | 1.0 | 0 MNOK |
A mechanical estimate from public accounts, not advice. Mechanical estimate from public accounts with fixed multiples. Not a valuation and not advice to buy or sell. The multiples are provisional default values and must be adjusted per sector before the figures are used for anything. See the calculation
Worth a closer look
- critical
Consider strengthening liquidity: current liabilities are 2.8 times current assets.
Based on: Current ratio 0.35 (median 1.66).
- watch
The equity ratio is very low. Could the company absorb a bad year, and does it need more equity?
Based on: Equity ratio 6.7% (median 35.9%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 5.8% of the debt in 2023. The policy rate averaged 3.54 % the same year. This is a plain description of what the debt cost, not a model of interest sensitivity.
Data quality
No anomalies found in the figures.
Scenario analysis: the sector's weakest year
We have no accounts for 2022, the sector's weakest year, for this company.
The sector's weakest year was 2022, with a median operating margin of −5.0%. Based on the 10 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 77 | weight 30% |
|---|---|---|
| Solidity | 17 | weight 25% |
| Liquidity | 17 | weight 15% |
| Growth | – | no data, left out |
| Consistency | 47 | weight 15% |
Index version 2. Data completeness 85%: the share of the weights that had data.
Questions and answers
How profitable is TORGARNES AS?
The operating margin was 32.6% in 2023, against a median of 9.0% among small companies in the same sector. Return on assets was 9.9%.
How solid is TORGARNES AS?
The equity ratio was 6.7% in 2023 (median 35.9%). Debt-to-equity was 13.84 (median 1.08).
What is the liquidity of TORGARNES AS like?
The current ratio was 0.35 in 2023 (median 1.66). Current assets did not cover current liabilities.
How does TORGARNES AS compare in Sjømat?
TORGARNES AS ranks 2,296 of 3,738 in Sjømat for 2023. Among companies of the same size (small companies) it ranks 2,007 of 3,284.
From the Central Coordinating Register
- Org. no.
- 923567968
- Legal form
- AS
- Sector
- Sjømat (03.110)
- Size tier
- small
- Employees
- 0–4 (not registered)
- Founded
- 26 September 2019 7 years in operation
- Share capital
- 0.03 MNOK
- Business address
- Stabbursveien 4, 8907 BRØNNØYSUND
- Municipality
- Brønnøy rank 9–14 of 18 in KOSTRA group 2
- Audit
- Audit opted out from 8 October 2019
- Latest accounts filed
- 2025
Source: Central Coordinating Register, Brønnøysund Register Centre. The employee count is reported by the company and may be older than the accounts. See the company at the Brønnøysund Register Centre
Ownership and roles
- Chief executive
- Hugo Andre Olsen
- Chair of the board
- Hugo Andre Olsen
- Board member
- Richard Olsen-Årnes
- Accountant
- BRØNNØY REGNSKAP AS
Source: Central Coordinating Register, fetched 29 October 2026. Only names are shown.
Owners and shareholdings will appear here once the shareholder data extract is in place.
Coming · not built yet
Error in the data?
Do you see an error in the figures or in how the company is mapped (sector, holding, group)? Let us know. Corrections require documentation.
Figures last fetched 26 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 43 | 47 | 49 | |
| Rank | 2,296 | 2,212 | 2,096 | |
| Operating margin | 32.6% | 28.4% | 33.0% | |
| Return on assets | 9.9% | 7.5% | 10.6% | |
| Equity ratio | 6.7% | 7.8% | 11.6% | |
| Current ratio | 0.35 | 0.47 | 0.18 | |
| Revenue growth | – | −15.5% | 16.9% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 1.1 MNOK | 0.9 MNOK | 1.1 MNOK |
| Operating profit | 0.3 MNOK | 0.3 MNOK | 0.3 MNOK |
| Profit before tax | 0.2 MNOK | 0.0 MNOK | 0.1 MNOK |
| Net profit | 0.1 MNOK | 0.0 MNOK | 0.1 MNOK |
| Financial expenses | 0.2 MNOK | 0.2 MNOK | 0.2 MNOK |
| Total assets | 3.5 MNOK | 3.4 MNOK | 3.3 MNOK |
| Current assets | 0.1 MNOK | 0.1 MNOK | 0.1 MNOK |
| Equity | 0.2 MNOK | 0.3 MNOK | 0.4 MNOK |
| Retained earnings | 0.2 MNOK | 0.3 MNOK | 0.4 MNOK |
| Total liabilities | 3.3 MNOK | 3.2 MNOK | 2.9 MNOK |
| Current liabilities | 0.3 MNOK | 0.2 MNOK | 0.3 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 4767281.
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