NORDIC AQUA PARTNERS AS
Score · fiscal year 2025
48of 100
How to read this: the company is ahead of 47 % of small companies in the same sector in 2025. What does this mean?
Rank: 2,222 of 4,158 · Sjømat
Profile
Elephant · Steward
Lower profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 24 and solidity 85 out of 100 among small companies in the same sector in 2025. Methodology
Against the sector
NORDIC AQUA PARTNERS AS is 2 points below the median for small companies in the same sector in 2025.
Median score 50 among 3,607 companies.
Against small companies in the same sector in 2025: operating margin −111.0% (median 9.9%) and equity ratio 91.8% (median 36.4%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 17 MNOK | 2 MNOK |
| Operating margin | −111.0% | 9.9% |
| Profit margin | −88.2% | 6.6% |
| Return on assets | −0.1% | 3.1% |
| Equity ratio | 91.8% | 36.4% |
| Debt-to-equity | 0.09 | 1.03 |
| Current ratio | 1.61 | 1.66 |
| Revenue growth | 8.4% | 13.5% |
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 48, NORDIC AQUA PARTNERS AS does better than 47% of small companies in the same sector (3,639 companies) in 2025.
Score 2023–2025
- NORDIC AQUA PARTNERS AS
- Median: small companies in the same sector
NORDIC AQUA PARTNERS AS has a score of 48 for 2025, rank 2,222 of 4,158 in the sector.
Strongest: Solidity: percentile 85 against peers, equity ratio 91.8% against a median of 36.4%.
Weakest: Profitability: percentile 24 against peers, operating margin −111.0% against a median of 9.9%. Consistency: percentile 37 against peers.
Worth a closer look
- The company made a loss before tax. Are these one-off items or a pattern? Based on: profit margin −88.2% (median 6.6%).
- The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors? Based on: operating margin −111.0% (median 9.9%).
- What lies behind weak profitability, and will it last?
- What lies behind weak consistency, 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
NORDIC AQUA PARTNERS AS had an operating margin of −111.0% and an equity ratio of 91.8% in 2025, and ranks 2,222 of 4,158 in Sjømat.
From 2024 to 2025: the operating margin rose from −229.5% to −111.0% and the equity ratio fell from 99.6% to 91.8%.
This text is generated automatically from the 2025 accounts.
Three simple methods
One method gives a figure: 115 MEUR.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | 115 MEUR |
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
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −88.2% (median 6.6%).
- 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 −111.0% (median 9.9%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 11.7% 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.
Data quality
- watch Extreme margin: check the figures
- 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 −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 | 24 | weight 30% |
|---|---|---|
| Solidity | 85 | weight 25% |
| Liquidity | 49 | weight 15% |
| Growth | 45 | weight 15% |
| Consistency | 37 | weight 15% |
Durability: 61 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is NORDIC AQUA PARTNERS AS?
The operating margin was −111.0% in 2025, against a median of 9.9% among small companies in the same sector. Return on assets was −0.1%. The company made a loss before tax.
How solid is NORDIC AQUA PARTNERS AS?
The equity ratio was 91.8% in 2025 (median 36.4%). Debt-to-equity was 0.09 (median 1.03).
What is the liquidity of NORDIC AQUA PARTNERS AS like?
The current ratio was 1.61 in 2025 (median 1.66).
How does NORDIC AQUA PARTNERS AS compare in Sjømat?
NORDIC AQUA PARTNERS AS ranks 2,222 of 4,158 in Sjømat for 2025. Among companies of the same size (small companies) it ranks 1,920 of 3,639. Revenue changed by 8.4% from the year before.
Group accounts · 2025
47 of 100
Rank 710 of 1270 groups with group accounts. Groups are ranked only against each other, not against single companies.
- Operating revenue, group
- 13 MEUR
- ≈ 151 MNOK at Norges Bank's rate for the period
- Operating profit, group
- −11 MEUR
- ≈ −129 MNOK at Norges Bank's rate for the period
- Profit before tax, group
- −20 MEUR
- ≈ −239 MNOK at Norges Bank's rate for the period
- Total assets, group
- 179 MEUR
- ≈ 2,122 MNOK at Norges Bank's rate for the period
- Equity, group
- 104 MEUR
- ≈ 1,235 MNOK at Norges Bank's rate for the period
The group accounts are in EUR. Amounts are shown in EUR, with NOK below. Ratios are computed in EUR.
| Key figure | The group | The company alone (2025) |
|---|---|---|
| Operating margin | −85.5% | −111.0% |
| Return on assets | −6.0% | −0.1% |
| Equity ratio | 58.2% | 91.8% |
| Current ratio | 1.95 | 1.61 |
| Revenue growth | 94.7% | 8.4% |
Group index in earlier years: 2023: 61 (532 of 1644), 2024: 51 (630 of 1312).
Same formulas and weights as the company index. Group and company are never added together, and the group accounts are not part of sector averages or company rankings.
Source: Brønnøysund Register Centre, group accounts 2025 (open data, NLOD 2.0).
We do not show the group structure, because open data does not say who owns whom.
From the Central Coordinating Register
- Org. no.
- 928958280
- Legal form
- AS
- Sector
- Sjømat (03.300)
- Size tier
- small
- Employees
- 0–4 (not registered)
- Founded
- 9 March 2022 4 years in operation
- Share capital
- 21.21 MNOK
- Business address
- c/o Regus, C. J. Hambros plass 2c, 0164 OSLO
- Municipality
- Oslo rank 63–221 of 357 in Norway
- Latest accounts filed
- 2025
- LEI
- 254900IQ54IIYYIHF752 renews 10 May 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
- Ragnar Joensen
- Chair of the board
- Kjell-Erik Østdahl
- Board member
- Anita Helen Viga
- Board member
- Marit Solberg
- Board member
- Knut Nesse
- Board member
- Vegard Gjerde
- Board member
- Therese Log Bergjord
- Board member
- Ove Nodland
- Auditor
- DELOITTE AS
- Accountant
- KJELL HAVER REGNSKAPSSERVICE 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 29 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 | 68 | 66 | 48 | |
| Rank | 710 | 715 | 2,222 | |
| Operating margin | −385.4% | −229.5% | −111.0% | |
| Return on assets | −1.9% | −2.1% | −0.1% | |
| Equity ratio | 99.4% | 99.6% | 91.8% | |
| Current ratio | 35.51 | 54.96 | 1.61 | |
| Revenue growth | – | 113.5% | 8.4% |
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 | 0.6 MEUR | 1.4 MEUR | 1.5 MEUR |
| Operating profit | −2.5 MEUR | −3.2 MEUR | −1.7 MEUR |
| Profit before tax | −1.9 MEUR | −2.6 MEUR | −1.3 MEUR |
| Net profit | −1.9 MEUR | −2.6 MEUR | −1.3 MEUR |
| Financial expenses | 0.2 MEUR | 0.1 MEUR | 1.2 MEUR |
| Total assets | 89.5 MEUR | 116.9 MEUR | 125.3 MEUR |
| Current assets | 18.9 MEUR | 26.8 MEUR | 16.5 MEUR |
| Equity | 89.0 MEUR | 116.4 MEUR | 115.1 MEUR |
| Retained earnings | 87.5 MEUR | 114.6 MEUR | 113.2 MEUR |
| Total liabilities | 0.5 MEUR | 0.5 MEUR | 10.3 MEUR |
| Current liabilities | 0.5 MEUR | 0.5 MEUR | 10.3 MEUR |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 27 October 2026, accounts id 6700792.
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