NORGES BÅTSENTER AS
Score · fiscal year 2025
53of 100
How to read this: the company is ahead of 55 % of companies in the Morning class Micro in the same sector in 2025. What does this mean?
Rank in the Morning class Micro: 5,174 of 11,388 · What are Morning company classes?
Place in the whole sector: 10,513 of 23,059 · Handel
Profile
Cheetah · Sprinter
High profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 73 and solidity 24 out of 100 among companies in the Morning class Micro in the same sector in 2025. Methodology
Against the sector
NORGES BÅTSENTER AS is 3 points above the median for companies in the Morning class Micro in the same sector in 2025.
Median score 50 among 11,385 companies.
Against companies in the Morning class Micro in the same sector in 2025: operating margin 10.4% (median 2.6%) and equity ratio 14.2% (median 33.8%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 7 MNOK | 4 MNOK |
| Operating margin | 10.4% | 2.6% |
| Profit margin | 10.1% | 2.2% |
| Return on assets | 13.6% | 6.2% |
| Equity ratio | 14.2% | 33.8% |
| Debt-to-equity | 6.02 | 1.23 |
| Current ratio | 1.18 | 1.75 |
| Revenue growth | 357.8% | 4.0% |
| Revenue per employee | 1.07 MNOK | 0.76 MNOK |
The median and “ahead of” refer to companies in the Morning class Micro in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 53, NORGES BÅTSENTER AS does better than 55% of companies in the Morning class Micro in the same sector (11,388 companies) in 2025.
Score 2023–2025
- NORGES BÅTSENTER AS
- Median: companies in the Morning class Micro in the same sector
NORGES BÅTSENTER AS has a score of 53 for 2025, rank 10,513 of 23,059 in the sector.
Strongest: Growth: percentile 96 against peers, revenue growth 357.8% against a median of 4.0%. Profitability: percentile 73 against peers, operating margin 10.4% against a median of 2.6%.
Weakest: Solidity: percentile 24 against peers, equity ratio 14.2% against a median of 33.8%. Liquidity: percentile 29 against peers, current ratio 1.18 against a median of 1.75.
Worth a closer look
- Strong growth with weak liquidity. Is the growth financed, or does it tie up capital the company does not have? Based on: revenue growth 357.8% (median 4.0%); current ratio 1.18 (median 1.75).
- 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
NORGES BÅTSENTER AS had an operating margin of 10.4% and an equity ratio of 14.2% in 2025, and ranks 10,513 of 23,059 in Handel.
From 2024 to 2025: revenue grew by 358% and the equity ratio fell from 28.3% to 14.2%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 1 MNOK and 6 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 6 MNOK |
| EV/EBIT | 8.0 | 6 MNOK |
| P/B | 1.0 | 1 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
- watch
Strong growth with weak liquidity. Is the growth financed, or does it tie up capital the company does not have?
Based on: Revenue growth 357.8% (median 4.0%); Current ratio 1.18 (median 1.75).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 0.6% 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 1.5%. Based on the 11 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 73 | weight 30% |
|---|---|---|
| Solidity | 24 | weight 25% |
| Liquidity | 29 | weight 15% |
| Growth | 96 | weight 15% |
| Consistency | 40 | weight 15% |
Durability: 59 (average over 2 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is NORGES BÅTSENTER AS?
The operating margin was 10.4% in 2025, against a median of 2.6% among companies in the Morning class Micro in the same sector. Return on assets was 13.6%.
How solid is NORGES BÅTSENTER AS?
The equity ratio was 14.2% in 2025 (median 33.8%). Debt-to-equity was 6.02 (median 1.23).
What is the liquidity of NORGES BÅTSENTER AS like?
The current ratio was 1.18 in 2025 (median 1.75).
How does NORGES BÅTSENTER AS compare in Handel?
NORGES BÅTSENTER AS ranks 10,513 of 23,059 in Handel for 2025. Among companies in the Morning class Micro it is number 5,174 of 11,388. Revenue changed by 357.8% from the year before.
Group accounts
The company is registered as part of a group, but we have no group accounts for it. Group accounts are filed by the parent company, and open data does not say which company that is.
Read the figures with care: a company in a group can look strong because of group contributions, or weak because dividends go up to the parent. The figures are indications, not the full picture.
We do not show the group structure, because open data does not say who owns whom.
From the Central Coordinating Register
- Org. no.
- 931940511
- Legal form
- AS · part of a group
- Sector
- Handel (47.632)
- Morning company class
- Micro
- Employees
- 7 registered 10 September 2026
- Founded
- 26 July 2023 3 years in operation
- Share capital
- 0.03 MNOK
- Business address
- Mosseveien 60D, 1640 RÅDE
- Municipality
- Råde rank 4–13 of 40 in KOSTRA group 1
- Latest accounts filed
- 2025
- Website
- Indigomarine.no
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
- Erik Haikalis
- Chair of the board
- Erik Haikalis
- Auditor
- BORG REVISJON AS
- Accountant
- ENORA AS
- Accountant
- PEDERSENS REGNSKAPSKONTOR 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 27 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | – | 65 | 53 | |
| Rank | – | 5,113 | 10,513 | |
| Operating margin | −7.2% | 14.1% | 10.4% | |
| Return on assets | −5.6% | 26.5% | 13.6% | |
| Equity ratio | 16.9% | 28.3% | 14.2% | |
| Current ratio | 11.35 | 1.62 | 1.18 | |
| Revenue growth | – | 1,477.0% | 357.8% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 0.1 MNOK | 1.6 MNOK | 7.5 MNOK |
| Operating profit | 0.0 MNOK | 0.2 MNOK | 0.8 MNOK |
| Profit before tax | 0.0 MNOK | 0.2 MNOK | 0.8 MNOK |
| Net profit | 0.0 MNOK | 0.2 MNOK | 0.6 MNOK |
| Financial expenses | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Total assets | 0.1 MNOK | 0.9 MNOK | 5.8 MNOK |
| Current assets | 0.1 MNOK | 0.6 MNOK | 5.2 MNOK |
| Equity | 0.0 MNOK | 0.2 MNOK | 0.8 MNOK |
| Retained earnings | 0.0 MNOK | 0.2 MNOK | 0.8 MNOK |
| Total liabilities | 0.1 MNOK | 0.6 MNOK | 5.0 MNOK |
| Current liabilities | 0.0 MNOK | 0.3 MNOK | 4.4 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 27 October 2026, accounts id 6530661.
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