NORTH STAR SALMON 2 AS
Score · fiscal year 2025
18of 100
How to read this: the company is ahead of 10 % of small companies in the same sector in 2025. What does this mean?
Rank: 23,496 of 25,886 · Bygg og anlegg
Profile
Beaver · Builder
Lower profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 15 and solidity 0 out of 100 among small companies in the same sector in 2025. Methodology
Against the sector
NORTH STAR SALMON 2 AS is 32 points below the median for small companies in the same sector in 2025.
Median score 50 among 25,101 companies.
Against small companies in the same sector in 2025: operating margin −34.2% (median 3.6%) and equity ratio −1.3% (median 34.1%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 78 MNOK | 2 MNOK |
| Operating margin | −34.2% | 3.6% |
| Profit margin | −59.8% | 3.3% |
| Return on assets | −7.5% | 5.6% |
| Equity ratio | −1.3% | 34.1% |
| Debt-to-equity | – | 1.29 |
| Current ratio | 0.46 | 1.40 |
| Revenue growth | 15.9% | 4.2% |
The median and “ahead of” refer to small companies in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 18, NORTH STAR SALMON 2 AS does better than 10% of small companies in the same sector (25,321 companies) in 2025.
Score 2023–2025
- NORTH STAR SALMON 2 AS
- Median: small companies in the same sector
NORTH STAR SALMON 2 AS has a score of 18 for 2025, rank 23,496 of 25,886 in the sector.
Strongest: Growth: percentile 63 against peers, revenue growth 15.9% against a median of 4.2%.
Weakest: Solidity: percentile 0 against peers, equity ratio −1.3% against a median of 34.1%. Consistency: percentile 12 against peers.
Worth a closer look
- Equity is negative. How will it be rebuilt, and what do lenders and the auditor say about going concern? Based on: equity ratio −1.3% (median 34.1%).
- Consider strengthening liquidity: current liabilities are 2.2 times current assets. Based on: current ratio 0.46 (median 1.40).
- The company made a loss before tax. Are these one-off items or a pattern? Based on: profit margin −59.8% (median 3.3%).
- What lies behind weak solidity, and will it last?
Written by fixed rules from the figures. Describes the figures, does not explain causes. Not investment or financial advice. How the summary is made
What the numbers say
NORTH STAR SALMON 2 AS had an operating margin of −34.2% and an equity ratio of −1.3% in 2025, and ranks 23,496 of 25,886 in Bygg og anlegg.
From 2024 to 2025: the operating margin rose from −213.5% to −34.2% and the equity ratio fell from 7.2% to −1.3%.
This text is generated automatically from the 2025 accounts.
Three simple methods
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | not meaningful |
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
Equity is negative. How will it be rebuilt, and what do lenders and the auditor say about going concern?
Based on: Equity ratio −1.3% (median 34.1%).
- critical
Consider strengthening liquidity: current liabilities are 2.2 times current assets.
Based on: Current ratio 0.46 (median 1.40).
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −59.8% (median 3.3%).
- watch
The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors?
Based on: Operating margin −34.2% (median 3.6%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Data quality
- critical Negative equity
- watch Reports in a currency other than NOK
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 2.1%. 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 | 15 | weight 30% |
|---|---|---|
| Solidity | 0 | weight 25% |
| Liquidity | 13 | weight 15% |
| Growth | 63 | weight 15% |
| Consistency | 12 | weight 15% |
Durability: 21 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is NORTH STAR SALMON 2 AS?
The operating margin was −34.2% in 2025, against a median of 3.6% among small companies in the same sector. Return on assets was −7.5%. The company made a loss before tax.
How solid is NORTH STAR SALMON 2 AS?
The equity ratio was −1.3% in 2025 (median 34.1%). Equity is negative, so liabilities exceed assets.
What is the liquidity of NORTH STAR SALMON 2 AS like?
The current ratio was 0.46 in 2025 (median 1.40). Current assets did not cover current liabilities.
How does NORTH STAR SALMON 2 AS compare in Bygg og anlegg?
NORTH STAR SALMON 2 AS ranks 23,496 of 25,886 in Bygg og anlegg for 2025. Among companies of the same size (small companies) it ranks 22,736 of 25,321. Revenue changed by 15.9% from the year before.
From the Central Coordinating Register
- Org. no.
- 923862730
- Legal form
- AS
- Sector
- Bygg og anlegg (42.221)
- Size tier
- small
- Employees
- 0–4 (not registered)
- Founded
- 12 November 2019 6 years in operation
- Share capital
- 0.06 MNOK
- Business address
- c/o CSC (Norway) AS, Bryggegata 6, 0250 OSLO
- Municipality
- Oslo rank 106–282 of 357 in Norway
- 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
- Chair of the board
- Gitte Gard Talmo
- Board member
- Andreas William Hennyng
- Board member
- Sumeet Kaur Uppal
- Auditor
- ERNST & YOUNG AS
- Accountant
- CSC ACCOUNTING (NORWAY) AS
Source: Central Coordinating Register, fetched 25 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 | 19 | 26 | 18 | |
| Rank | 19,206 | 20,288 | 23,496 | |
| Operating margin | −115.7% | −213.5% | −34.2% | |
| Return on assets | −3.7% | −19.5% | −7.5% | |
| Equity ratio | 18.4% | 7.2% | −1.3% | |
| Current ratio | 0.66 | 0.59 | 0.46 | |
| Revenue growth | – | 202.2% | 15.9% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (EUR). Revenue in NOK is converted from EUR at the mean rate for the accounting period 1 January 2025–31 December 2025: 11.7177 (norges_bank). Balance-sheet amounts use the rate on the balance-sheet date. Ratios and growth are computed in EUR. Exchange rates at Norges Bank
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 1.9 MEUR | 5.8 MEUR | 6.7 MEUR |
| Operating profit | −2.2 MEUR | −12.3 MEUR | −2.3 MEUR |
| Profit before tax | −4.1 MEUR | −13.9 MEUR | −4.0 MEUR |
| Net profit | −3.1 MEUR | −12.2 MEUR | −3.3 MEUR |
| Financial expenses | 1.9 MEUR | 1.6 MEUR | 1.8 MEUR |
| Total assets | 59.7 MEUR | 63.1 MEUR | 29.6 MEUR |
| Current assets | 18.1 MEUR | 20.1 MEUR | 13.8 MEUR |
| Equity | 11.0 MEUR | 4.5 MEUR | −0.4 MEUR |
| Retained earnings | – | – | – |
| Total liabilities | 48.7 MEUR | 58.5 MEUR | 30.0 MEUR |
| Current liabilities | 27.6 MEUR | 34.0 MEUR | 30.0 MEUR |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 6693126.
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