Ode AS
Score · fiscal year 2025
44of 100
How to read this: the company is ahead of 35 % of companies in the Morning class Large in the same sector in 2025. What does this mean?
Rank in the Morning class Large: 73 of 111 · What are Morning company classes?
Place in the whole sector: 1,393 of 2,212 · Sjømat
Profile
Beaver · Builder
Lower profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 48 and solidity 29 out of 100 among companies in the Morning class Large in the same sector in 2025. Methodology
Against the sector
Ode AS is 7 points below the median for companies in the Morning class Large in the same sector in 2025.
Median score 51 among 111 companies.
Against companies in the Morning class Large in the same sector in 2025: operating margin 5.5% (median 4.9%) and equity ratio 30.5% (median 39.0%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 884 MNOK | 1,059 MNOK |
| Operating margin | 5.5% | 4.9% |
| Profit margin | 0.2% | 3.6% |
| Return on assets | 5.1% | 7.1% |
| Equity ratio | 30.5% | 39.0% |
| Debt-to-equity | 2.28 | 1.56 |
| Current ratio | 1.28 | 1.56 |
| Revenue growth | 121.9% | 7.4% |
| Revenue per employee | 4.33 MNOK | 11.39 MNOK |
The median and “ahead of” refer to companies in the Morning class Large in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 44, Ode AS does better than 35% of companies in the Morning class Large in the same sector (111 companies) in 2025.
Score 2023–2025
- Ode AS
- Median: companies in the Morning class Large in the same sector
Ode AS has a score of 44 for 2025, rank 1,393 of 2,212 in the sector.
Strongest: Growth: percentile 96 against peers, revenue growth 121.9% against a median of 7.4%.
Weakest: Consistency: percentile 17 against peers. Solidity: percentile 29 against peers, equity ratio 30.5% against a median of 39.0%.
Worth a closer look
- What lies behind weak consistency, and will it last?
- 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
Ode AS had an operating margin of 5.5% and an equity ratio of 30.5% in 2025, and ranks 1,393 of 2,212 in Sjømat.
From 2024 to 2025: the operating margin rose from −49.9% to 5.5% and revenue grew by 122%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 76 MNOK and 557 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 557 MNOK |
| EV/EBIT | 8.0 | 76 MNOK |
| P/B | 1.0 | 455 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
No rules were triggered for this year.
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 7.2% of the debt in 2025. The policy rate averaged 4.30 % the same year. This is a plain description of what the debt cost, not a model of interest sensitivity.
See interest rates, prices and exchange rates for the sector
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 −0.5%. 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 | 48 | weight 30% |
|---|---|---|
| Solidity | 29 | weight 25% |
| Liquidity | 36 | weight 15% |
| Growth | 96 | weight 15% |
| Consistency | 17 | weight 15% |
Durability: 33 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Ode AS?
The operating margin was 5.5% in 2025, against a median of 4.9% among companies in the Morning class Large in the same sector. Return on assets was 5.1%.
How solid is Ode AS?
The equity ratio was 30.5% in 2025 (median 39.0%). Debt-to-equity was 2.28 (median 1.56).
What is the liquidity of Ode AS like?
The current ratio was 1.28 in 2025 (median 1.56).
How does Ode AS compare in Sjømat?
Ode AS ranks 1,393 of 2,212 in Sjømat for 2025. Among companies in the Morning class Large it is number 73 of 111. Revenue changed by 121.9% from the year before.
From the Central Coordinating Register
- Org. no.
- 925795488
- Legal form
- AS
- Sector
- Sjømat (03.212)
- Morning company class
- Large
- Employees
- 204 registered 10 October 2026
- Founded
- 5 August 2020 6 years in operation
- Share capital
- 3.60 MNOK
- Business address
- Ystenesgata 6B, 6003 ÅLESUND
- Municipality
- Ålesund rank 2–6 of 10 in KOSTRA group 11
- Latest accounts filed
- 2025
- LEI
- 984500BD06DAFC508604 renews 30 June 2027
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
- Ola Kvalheim
- Chair of the board
- Tor Olav Seim
- Auditor
- Tell Norge AS
Source: Central Coordinating Register, fetched 29 October 2026. Only names are shown.
- Parent company
- No parent company: owned by persons
Source: GLEIF (Global Legal Entity Identifier Foundation), fetched 31 October 2026. The parent is the one the company itself reported to GLEIF.
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 27 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 23 | 32 | 44 | |
| Rank | 1,809 | 1,587 | 1,393 | |
| Operating margin | −74.6% | −49.9% | 5.5% | |
| Return on assets | −12.5% | −21.5% | 5.1% | |
| Equity ratio | 32.0% | 28.1% | 30.5% | |
| Current ratio | 1.47 | 1.34 | 1.28 | |
| Revenue growth | – | 229.7% | 121.9% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 120.9 MNOK | 398.5 MNOK | 884.0 MNOK |
| Operating profit | −90.1 MNOK | −199.0 MNOK | 48.8 MNOK |
| Profit before tax | −121.9 MNOK | −241.6 MNOK | 1.9 MNOK |
| Net profit | −94.1 MNOK | −241.6 MNOK | 55.7 MNOK |
| Financial expenses | 32.7 MNOK | 45.9 MNOK | 74.2 MNOK |
| Total assets | 711.8 MNOK | 909.7 MNOK | 1,490.3 MNOK |
| Current assets | 496.0 MNOK | 622.0 MNOK | 920.4 MNOK |
| Equity | 227.9 MNOK | 255.3 MNOK | 454.8 MNOK |
| Retained earnings | −131.6 MNOK | 0.0 MNOK | 55.7 MNOK |
| Total liabilities | 483.9 MNOK | 654.4 MNOK | 1,035.4 MNOK |
| Current liabilities | 338.2 MNOK | 463.7 MNOK | 716.5 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 27 October 2026, accounts id 7188635.
Further
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