VESTERHAV AS
Score · fiscal year 2025
79of 100
How to read this: the company is ahead of 97 % of small companies in the same sector in 2025. What does this mean?
Rank: 142 of 4,158 · Sjømat
Profile
Lion · Leader
High profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 83 and solidity 94 out of 100 among small companies in the same sector in 2025. Methodology
Against the sector
VESTERHAV AS is 29 points above 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 92.5% (median 9.9%) and equity ratio 99.3% (median 36.4%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 5 MNOK | 2 MNOK |
| Operating margin | 92.5% | 9.9% |
| Profit margin | 113.7% | 6.6% |
| Return on assets | 8.4% | 3.1% |
| Equity ratio | 99.3% | 36.4% |
| Debt-to-equity | 0.01 | 1.03 |
| Current ratio | 363.14 | 1.66 |
| Revenue growth | −4.3% | 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 79, VESTERHAV AS does better than 97% of small companies in the same sector (3,639 companies) in 2025.
Score 2023–2025
- VESTERHAV AS
- Median: small companies in the same sector
VESTERHAV AS has a score of 79 for 2025, rank 142 of 4,158 in the sector.
Strongest: Liquidity: percentile 99 against peers, current ratio 363.14 against a median of 1.66. Solidity: percentile 94 against peers, equity ratio 99.3% against a median of 36.4%.
Weakest: Growth: percentile 29 against peers, revenue growth −4.3% against a median of 13.5%.
Worth a closer look
- What lies behind weak growth, 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
VESTERHAV AS had an operating margin of 92.5% and an equity ratio of 99.3% in 2025, and ranks 142 of 4,158 in Sjømat.
No large changes in the key figures from 2024 to 2025.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 42 MNOK and 69 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 56 MNOK |
| EV/EBIT | 8.0 | 42 MNOK |
| P/B | 1.0 | 69 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
- positive
Upper quartile on profitability, solidity and liquidity. What sets this company apart from the rest of the sector?
Based on: Operating margin 92.5% (median 9.9%); Equity ratio 99.3% (median 36.4%); Current ratio 363.14 (median 1.66).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 0.0% 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 | 83 | weight 30% |
|---|---|---|
| Solidity | 94 | weight 25% |
| Liquidity | 99 | weight 15% |
| Growth | 29 | weight 15% |
| Consistency | 77 | weight 15% |
Durability: 85 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is VESTERHAV AS?
The operating margin was 92.5% in 2025, against a median of 9.9% among small companies in the same sector. Return on assets was 8.4%.
How solid is VESTERHAV AS?
The equity ratio was 99.3% in 2025 (median 36.4%). Debt-to-equity was 0.01 (median 1.03).
What is the liquidity of VESTERHAV AS like?
The current ratio was 363.14 in 2025 (median 1.66).
How does VESTERHAV AS compare in Sjømat?
VESTERHAV AS ranks 142 of 4,158 in Sjømat for 2025. Among companies of the same size (small companies) it ranks 122 of 3,639. Revenue changed by −4.3% from the year before.
From the Central Coordinating Register
- Org. no.
- 993056200
- Legal form
- AS
- Sector
- Sjømat (03.110)
- Size tier
- small
- Employees
- 0–4 (not registered)
- Founded
- 2 September 2008 18 years in operation
- Share capital
- 0.30 MNOK
- Business address
- Bulandet, 6987 BULANDET (ASKVOLL)
- Municipality
- Askvoll rank 19–30 of 39 in KOSTRA group 4
- Latest accounts filed
- 2025
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 Norheim
- Chair of the board
- Helge Norheim
- Board member
- Gunn Sandøy
- Auditor
- CROWE PARTNER REVISJON AS
- Accountant
- SÖDERBERG & PARTNERS REGNSKAP 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 29 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 87 | 90 | 79 | |
| Rank | 52 | 20 | 142 | |
| Operating margin | – | 92.0% | 92.5% | |
| Return on assets | 10.3% | 9.1% | 8.4% | |
| Equity ratio | 99.3% | 99.4% | 99.3% | |
| Current ratio | 181.05 | 393.44 | 363.14 | |
| Revenue growth | – | – | −4.3% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | – | 5.4 MNOK | 5.1 MNOK |
| Operating profit | −0.2 MNOK | 4.9 MNOK | 4.8 MNOK |
| Profit before tax | 5.9 MNOK | 5.8 MNOK | 5.8 MNOK |
| Net profit | 5.5 MNOK | 5.5 MNOK | 5.6 MNOK |
| Financial expenses | 0.1 MNOK | 0.0 MNOK | 0.0 MNOK |
| Total assets | 58.2 MNOK | 63.7 MNOK | 69.4 MNOK |
| Current assets | 57.4 MNOK | 62.9 MNOK | 69.4 MNOK |
| Equity | 57.8 MNOK | 63.3 MNOK | 68.9 MNOK |
| Retained earnings | 53.6 MNOK | 59.1 MNOK | 64.7 MNOK |
| Total liabilities | 0.4 MNOK | 0.4 MNOK | 0.5 MNOK |
| Current liabilities | 0.3 MNOK | 0.2 MNOK | 0.2 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 29 October 2026, accounts id 6385939.
Further
Similar companies
- SNORKEL AS index 79, rank 138 · compare
- HIDRA HAVBRUK AS index 79, rank 139 · compare
- KASOLI HOLDING AS index 79, rank 140 · compare
- SIKTEFISK AS index 79, rank 141 · compare
- VIKABUEN AS index 79, rank 143 · compare