Torghatten Aqua AS
Score · fiscal year 2025
40of 100
How to read this: the company is ahead of 30 % of companies in the Morning class Micro in the same sector in 2025. What does this mean?
Rank in the Morning class Micro: 834 of 1,197 · What are Morning company classes?
Place in the whole sector: 1,557 of 2,212 · Sjømat
Profile
Elephant · Steward
Lower profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 11 and solidity 72 out of 100 among companies in the Morning class Micro in the same sector in 2025. Methodology
Against the sector
Torghatten Aqua AS is 10 points below the median for companies in the Morning class Micro in the same sector in 2025.
Median score 50 among 1,197 companies.
Against companies in the Morning class Micro in the same sector in 2025: operating margin −285.3% (median 13.6%) and equity ratio 62.6% (median 34.3%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 6 MNOK | 3 MNOK |
| Operating margin | −285.3% | 13.6% |
| Profit margin | −305.9% | 9.7% |
| Return on assets | 0.0% | 7.4% |
| Equity ratio | 62.6% | 34.3% |
| Debt-to-equity | 0.60 | 1.46 |
| Current ratio | 0.66 | 1.72 |
| Revenue growth | 86.3% | 23.6% |
| Revenue per employee | 1.12 MNOK | 0.54 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 40, Torghatten Aqua AS does better than 30% of companies in the Morning class Micro in the same sector (1,197 companies) in 2025.
Score 2023–2025
- Torghatten Aqua AS
- Median: companies in the Morning class Micro in the same sector
Torghatten Aqua AS has a score of 40 for 2025, rank 1,557 of 2,212 in the sector.
Strongest: Growth: percentile 83 against peers, revenue growth 86.3% against a median of 23.6%. Solidity: percentile 72 against peers, equity ratio 62.6% against a median of 34.3%.
Weakest: Profitability: percentile 11 against peers, operating margin −285.3% against a median of 13.6%. Liquidity: percentile 21 against peers, current ratio 0.66 against a median of 1.72.
Worth a closer look
- Consider strengthening liquidity: current liabilities are 1.5 times current assets. Based on: current ratio 0.66 (median 1.72).
- The company made a loss before tax. Are these one-off items or a pattern? Based on: profit margin −305.9% (median 9.7%).
- The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors? Based on: operating margin −285.3% (median 13.6%).
- What lies behind weak profitability, 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
Torghatten Aqua AS had an operating margin of −285.3% and an equity ratio of 62.6% in 2025, and ranks 1,557 of 2,212 in Sjømat.
From 2024 to 2025: the operating margin rose from −562.6% to −285.3% and revenue grew by 86%.
This text is generated automatically from the 2025 accounts.
Three simple methods
One method gives a figure: 397 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | 397 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
Consider strengthening liquidity: current liabilities are 1.5 times current assets.
Based on: Current ratio 0.66 (median 1.72).
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −305.9% (median 9.7%).
- 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 −285.3% (median 13.6%).
- 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 86.3% (median 23.6%); Current ratio 0.66 (median 1.72).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 7.3% 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
- watch Extreme margin: check 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 | 11 | weight 30% |
|---|---|---|
| Solidity | 72 | weight 25% |
| Liquidity | 21 | weight 15% |
| Growth | 83 | weight 15% |
| Consistency | 22 | weight 15% |
Durability: 50 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Torghatten Aqua AS?
The operating margin was −285.3% in 2025, against a median of 13.6% among companies in the Morning class Micro in the same sector. Return on assets was 0.0%. The company made a loss before tax.
How solid is Torghatten Aqua AS?
The equity ratio was 62.6% in 2025 (median 34.3%). Debt-to-equity was 0.60 (median 1.46).
What is the liquidity of Torghatten Aqua AS like?
The current ratio was 0.66 in 2025 (median 1.72). Current assets did not cover current liabilities.
How does Torghatten Aqua AS compare in Sjømat?
Torghatten Aqua AS ranks 1,557 of 2,212 in Sjømat for 2025. Among companies in the Morning class Micro it is number 834 of 1,197. Revenue changed by 86.3% from the year before.
Group accounts · 2025
33 of 100
Rank 70 of 87 groups in the Morning class Medium in Sjømat. Groups are ranked only against other groups in the same sector and class, never against single companies.
- Operating revenue, group
- 294 MNOK
- Operating profit, group
- −42 MNOK
- Profit before tax, group
- −55 MNOK
- Total assets, group
- 724 MNOK
- Equity, group
- 286 MNOK
| Key figure | The group | The company alone (2025) |
|---|---|---|
| Operating margin | −14.3% | −285.3% |
| Return on assets | −4.7% | 0.0% |
| Equity ratio | 39.5% | 62.6% |
| Current ratio | 0.87 | 0.66 |
| Revenue growth | 18.7% | 86.3% |
Group index in earlier years: 2023: 41 (74 of 115), 2024: 41 (57 of 87).
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.
- 977552087
- Legal form
- AS
- Sector
- Sjømat (03.222)
- Morning company class
- Micro
- Employees
- 5 registered 10 May 2026
- Founded
- 10 May 1997 29 years in operation
- Share capital
- 11.45 MNOK
- Business address
- Toftveien 80, 8909 BRØNNØYSUND
- Municipality
- Brønnøy rank 9–14 of 18 in KOSTRA group 2
- Latest accounts filed
- 2025
- LEI
- 549300UQYWRDY1LC3134 renews 5 January 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
Loading roles …
Source: Central Coordinating Register, fetched 29 October 2026. Only names are shown.
- Parent company
- Trøndelag Helgeland Invest AS (Norway)
Source: GLEIF (Global Legal Entity Identifier Foundation), fetched 30 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 | 55 | 55 | 40 | |
| Rank | 840 | 804 | 1,557 | |
| Operating margin | −449.7% | −562.6% | −285.3% | |
| Return on assets | 1.4% | −0.7% | 0.0% | |
| Equity ratio | 67.1% | 73.0% | 62.6% | |
| Current ratio | 10.10 | 21.46 | 0.66 | |
| Revenue growth | – | 4.6% | 86.3% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 2.9 MNOK | 3.0 MNOK | 5.6 MNOK |
| Operating profit | −12.9 MNOK | −16.9 MNOK | −16.0 MNOK |
| Profit before tax | −6.4 MNOK | −25.0 MNOK | −17.1 MNOK |
| Net profit | −1.6 MNOK | −20.4 MNOK | −13.1 MNOK |
| Financial expenses | 14.8 MNOK | 20.3 MNOK | 17.4 MNOK |
| Total assets | 578.7 MNOK | 663.1 MNOK | 634.0 MNOK |
| Current assets | 65.3 MNOK | 134.4 MNOK | 52.5 MNOK |
| Equity | 388.2 MNOK | 484.3 MNOK | 397.0 MNOK |
| Retained earnings | 168.3 MNOK | 134.1 MNOK | 116.4 MNOK |
| Total liabilities | 190.5 MNOK | 178.8 MNOK | 237.0 MNOK |
| Current liabilities | 6.5 MNOK | 6.3 MNOK | 79.8 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 28 October 2026, accounts id 6931206.
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