CETUS AS
Score · fiscal year 2025
49of 100
How to read this: the company is ahead of 49 % of medium-sized companies in the same sector in 2025. What does this mean?
Rank: 2,104 of 4,158 · Sjømat
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 21 out of 100 among medium-sized companies in the same sector in 2025. Methodology
Against the sector
CETUS AS is at the median for medium-sized companies in the same sector in 2025.
Median score 49 among 461 companies.
Against medium-sized companies in the same sector in 2025: operating margin 37.9% (median 10.6%) and equity ratio 23.6% (median 41.4%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 165 MNOK | 192 MNOK |
| Operating margin | 37.9% | 10.6% |
| Profit margin | 55.0% | 7.5% |
| Return on assets | 9.1% | 7.7% |
| Equity ratio | 23.6% | 41.4% |
| Debt-to-equity | 3.24 | 1.37 |
| Current ratio | 3.62 | 1.70 |
| Revenue growth | −10.1% | 8.6% |
| Revenue per employee | 5.32 MNOK | 7.70 MNOK |
The median and “ahead of” refer to medium-sized companies in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 49, CETUS AS does better than 49% of medium-sized companies in the same sector (461 companies) in 2025.
Score 2023–2025
- CETUS AS
- Median: medium-sized companies in the same sector
CETUS AS has a score of 49 for 2025, rank 2,104 of 4,158 in the sector.
Strongest: Liquidity: percentile 77 against peers, current ratio 3.62 against a median of 1.70. Profitability: percentile 73 against peers, operating margin 37.9% against a median of 10.6%.
Weakest: Growth: percentile 18 against peers, revenue growth −10.1% against a median of 8.6%. Solidity: percentile 21 against peers, equity ratio 23.6% against a median of 41.4%.
Worth a closer look
- What lies behind weak growth, 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
CETUS AS had an operating margin of 37.9% and an equity ratio of 23.6% in 2025, and ranks 2,104 of 4,158 in Sjømat.
From 2024 to 2025: the operating margin fell from 41.6% to 37.9% and revenue fell by 10%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 457 MNOK and 839 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 839 MNOK |
| EV/EBIT | 8.0 | debt above value |
| P/B | 1.0 | 457 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 5.8% 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
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 | 73 | weight 30% |
|---|---|---|
| Solidity | 21 | weight 25% |
| Liquidity | 77 | weight 15% |
| Growth | 18 | weight 15% |
| Consistency | 53 | weight 15% |
Durability: 51 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is CETUS AS?
The operating margin was 37.9% in 2025, against a median of 10.6% among medium-sized companies in the same sector. Return on assets was 9.1%.
How solid is CETUS AS?
The equity ratio was 23.6% in 2025 (median 41.4%). Debt-to-equity was 3.24 (median 1.37).
What is the liquidity of CETUS AS like?
The current ratio was 3.62 in 2025 (median 1.70).
How does CETUS AS compare in Sjømat?
CETUS AS ranks 2,104 of 4,158 in Sjømat for 2025. Among companies of the same size (medium-sized companies) it ranks 234 of 461. Revenue changed by −10.1% from the year before.
Group accounts · 2025
52 of 100
Rank 632 of 1354 groups with group accounts. Groups are ranked only against each other, not against single companies.
- Operating revenue, group
- 290 MNOK
- Operating profit, group
- 113 MNOK
- Profit before tax, group
- 44 MNOK
- Total assets, group
- 1,920 MNOK
- Equity, group
- 435 MNOK
| Key figure | The group | The company alone (2025) |
|---|---|---|
| Operating margin | 38.8% | 37.9% |
| Return on assets | 6.8% | 9.1% |
| Equity ratio | 22.7% | 23.6% |
| Current ratio | 3.55 | 3.62 |
| Revenue growth | −9.8% | −10.1% |
Group index in earlier years: 2024: 52 (633 of 1400).
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.
Public contracts
- Contracts awarded since 2024
- 4
- Total awarded value since 2024
- 1.0 MNOK
- 3 contracts without a stated value are not in the total.
| Date | Buyer | Notice | Value |
|---|---|---|---|
| 5 October 2026 | Havforskningsinstituttet | Leie av en pelagisk tråler til megafauna excluder forsøk - 2026 | 1.0 MNOK |
| 27 May 2025 | Fiskeridirektoratet | Leie av fartøy til opprensking av tapte fiskeredskaper | value not stated |
| 5 November 2024 | Havforskningsinstituttet | 24/01171 Havgående Referanseflåte - 10 fartøy 2025-2028 | value not stated |
| 28 May 2024 | Fiskeridirektoratet | Leie av fartøy til opprensking av tapte fiskeredskaper | value not stated |
| 15 August 2023 | Fiskeridirektoratet | Leie av industritråler for seleksjonstokt i Nordsjøen - 2023 | 1.4 MNOK |
| 27 June 2022 | Fiskeridirektoratet | Leie av fartøy til opprensking av tapte fiskeredskaper | 5.0 MNOK |
| 6 January 2021 | Fiskeridirektoratet | Leie av tråler til forsøksfiske – mekanismer for begrensning av fangstmengde i trålfiske etter kolmule – ny kunngjøring | 2.0 MNOK |
Based on notices in Doffin. Does not show call-offs under framework agreements or purchases below the publication threshold. Values are as stated by the buyer.
Source: Doffin (DFØ), fetched 27 October 2026. Winners are matched on organisation number.
Contains data under the Norwegian licence for public data (NLOD 2.0) made available by Doffin/the Norwegian Agency for Public and Financial Management (DFØ). NLOD 2.0
From the Central Coordinating Register
- Org. no.
- 976117492
- Legal form
- AS
- Sector
- Sjømat (03.110)
- Size tier
- medium
- Employees
- 31 registered 10 September 2025
- Founded
- 15 February 1996 30 years in operation
- Share capital
- 1.48 MNOK
- Business address
- Kaien 11, 4250 KOPERVIK (KARMØY)
- Municipality
- Karmøy rank 2–7 of 13 in KOSTRA group 10
- Latest accounts filed
- 2025
- LEI
- 5493007UU5LWBL6JQ536 renews 29 October 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
- Helge Olav Vikshåland
- Chair of the board
- Aleksander Vedø
- Board member
- Helge Olav Vikshåland
- Deputy member
- Anders Klovning
- Deputy member
- Inge Møgster
- Auditor
- ALMA REVISJON AS
- Accountant
- GL SKIPSREGNSKAP 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 28 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 58 | 44 | 49 | |
| Rank | 1,294 | 2,387 | 2,104 | |
| Operating margin | 38.0% | 41.6% | 37.9% | |
| Return on assets | 9.0% | 5.3% | 9.1% | |
| Equity ratio | 37.7% | 20.2% | 23.6% | |
| Current ratio | 2.02 | 2.81 | 3.62 | |
| Revenue growth | – | −3.2% | −10.1% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 189.4 MNOK | 183.4 MNOK | 164.8 MNOK |
| Operating profit | 71.9 MNOK | 76.2 MNOK | 62.4 MNOK |
| Profit before tax | 55.7 MNOK | 35.0 MNOK | 90.6 MNOK |
| Net profit | 43.4 MNOK | 27.2 MNOK | 83.9 MNOK |
| Financial expenses | 27.9 MNOK | 63.6 MNOK | 85.6 MNOK |
| Total assets | 929.7 MNOK | 1,873.2 MNOK | 1,936.3 MNOK |
| Current assets | 92.1 MNOK | 93.3 MNOK | 167.2 MNOK |
| Equity | 350.9 MNOK | 378.2 MNOK | 457.1 MNOK |
| Retained earnings | 287.3 MNOK | 314.6 MNOK | 393.5 MNOK |
| Total liabilities | 578.8 MNOK | 1,495.0 MNOK | 1,479.3 MNOK |
| Current liabilities | 45.5 MNOK | 33.2 MNOK | 46.1 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 28 October 2026, accounts id 6372377.
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