Chefs AS
Score · fiscal year 2025
70of 100
How to read this: the company is ahead of 84 % of companies in the Morning class Micro in the same sector in 2025. What does this mean?
Rank in the Morning class Micro: 531 of 3,234 · What are Morning company classes?
Place in the whole sector: 849 of 5,670 · Overnatting og servering
Profile
Lion · Leader
High profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 73 and solidity 84 out of 100 among companies in the Morning class Micro in the same sector in 2025. Methodology
Against the sector
Chefs AS is 21 points above the median for companies in the Morning class Micro in the same sector in 2025.
Median score 49 among 3,228 companies.
Against companies in the Morning class Micro in the same sector in 2025: operating margin 9.8% (median 1.5%) and equity ratio 59.0% (median 13.0%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 4 MNOK | 5 MNOK |
| Operating margin | 9.8% | 1.5% |
| Profit margin | 9.7% | 1.1% |
| Return on assets | 14.8% | 5.4% |
| Equity ratio | 59.0% | 13.0% |
| Debt-to-equity | 0.70 | 2.05 |
| Current ratio | 3.01 | 1.01 |
| Revenue growth | −2.1% | 5.6% |
| Revenue per employee | 0.40 MNOK | 0.43 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 70, Chefs AS does better than 84% of companies in the Morning class Micro in the same sector (3,234 companies) in 2025.
Score 2023–2025
- Chefs AS
- Median: companies in the Morning class Micro in the same sector
Chefs AS has a score of 70 for 2025, rank 849 of 5,670 in the sector.
Strongest: Liquidity: percentile 91 against peers, current ratio 3.01 against a median of 1.01. Solidity: percentile 84 against peers, equity ratio 59.0% against a median of 13.0%.
Weakest: Growth: percentile 27 against peers, revenue growth −2.1% against a median of 5.6%.
Worth a closer look
- What lies behind weak growth, and will it last?
- The change in operating margin in 2025 was 13.1 percentage points weaker than for comparable companies: the company −13.8, the industry −0.7 points. That is the company's own, not something that hit the whole industry.
Written by fixed rules from the figures. Describes the figures, does not explain causes. Not investment or financial advice. How the summary is made
The industry or the company: what drove the result?
In 2025 the operating margin of Chefs AS fell by 13.8 percentage points. Comparable companies fell by a median 0.7 points. So the company did 13.1 points weaker than the industry, for reasons of its own.
Over 2 year-to-year changes Chefs AS moved the same way as comparable companies 2 times. About 4% of the changes in operating margin were common to the industry; the rest was the company's own.
| Year | The company | Comparable (median) | Change, company | Change, industry | The company's own |
|---|---|---|---|---|---|
| 2024 | 23.6% | 2.2% | +15.9 percentage points | +0.4 percentage points | +15.5 percentage points |
| 2025 | 9.8% | 1.5% | −13.8 percentage points | −0.7 percentage points | −13.1 percentage points |
Comparable companies are those in the same industry and Morning company class. Their change shows what hit the whole industry, the sector drivers below included. The rest is the company's own: contracts, costs, one-off items or operations. The share is approximate, and we claim no cause.
The company and its sector's drivers
Prices, rate and currency that shape the sector's year, year by year beside the operating margin of Chefs AS. The figures stand side by side; we claim no cause.
Turnover index: accommodation and food service (indeks (2021 = 100))
Turnover index: accommodation and food service rose 2.3% in 2025; the operating margin of Chefs AS fell 13.8 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Turnover index: accommodation and food service, annual average | 97.0 | 139.7 | 153.5 | 157.8 | 161.5 | 170.4 (so far) |
| Change from the year before | +23.4% | +44.1% | +9.9% | +2.8% | +2.3% | +5.5% |
| The company's operating margin | – | – | 7.7% | 23.6% | 9.8% | – |
Source: SSB (13863, CC BY 4.0). Source
Consumer price index (indeks (2025 = 100))
Consumer price index rose 3.0% in 2025; the operating margin of Chefs AS fell 13.8 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Consumer price index, annual average | 84.3 | 89.2 | 94.1 | 97.0 | 100.0 | 102.9 (so far) |
| Change from the year before | +3.5% | +5.8% | +5.5% | +3.2% | +3.0% | +2.9% |
| The company's operating margin | – | – | 7.7% | 23.6% | 9.8% | – |
Source: SSB (14710, CC BY 4.0). Source
EUR/NOK (kr)
EUR/NOK rose 0.8% in 2025; the operating margin of Chefs AS fell 13.8 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| EUR/NOK, annual average | 10.16 | 10.10 | 11.42 | 11.62 | 11.72 | 11.04 (so far) |
| Change from the year before | −5.2% | −0.6% | +13.1% | +1.8% | +0.8% | −5.8% |
| The company's operating margin | – | – | 7.7% | 23.6% | 9.8% | – |
Source: Norges Bank (EXR, NLOD 2.0). Source
Policy rate (prosent)
Policy rate fell 0.20 percentage points in 2025; the operating margin of Chefs AS fell 13.8 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Policy rate, annual average | 0.08 | 1.32 | 3.54 | 4.50 | 4.30 | 4.17 (so far) |
| Change from the year before | −0.28 percentage points | +1.24 percentage points | +2.22 percentage points | +0.96 percentage points | −0.20 percentage points | −0.12 percentage points |
| The company's operating margin | – | – | 7.7% | 23.6% | 9.8% | – |
Source: Norges Bank (IR, NLOD 2.0). Source
We show the drivers and the margin side by side and claim no cause. Sensitivity per company is not computed until we have at least 10 years of accounts per company: with three years such figures are false precision.
What the numbers say
Chefs AS had an operating margin of 9.8% and an equity ratio of 59.0% in 2025, and ranks 849 of 5,670 in Overnatting og servering.
From 2024 to 2025: the operating margin fell from 23.6% to 9.8% and the equity ratio rose from 53.7% to 59.0%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 2 MNOK and 5 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 17.4 | 3 MNOK |
| EV/EBIT | 15.5 | 5 MNOK |
| P/B | 3.5 | 2 MNOK |
The listed basis is the value at listed multiples. The estimate is lowered by 51% for an unlisted company: 20% for lack of marketability and 38% for size (a small-company premium of 4% on the cost of equity).
A mechanical estimate from public accounts, not advice. A mechanical estimate from public accounts with listed multiples and fixed adjustments. Not a valuation and not advice to buy or sell. 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 9.8% (median 1.5%); Equity ratio 59.0% (median 13.0%); Current ratio 3.01 (median 1.01).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 0.5% 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 1.8%. Based on the 9 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 | 84 | weight 25% |
| Liquidity | 91 | weight 15% |
| Growth | 27 | weight 15% |
| Consistency | 62 | weight 15% |
Durability: 78 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Chefs AS?
The operating margin was 9.8% in 2025, against a median of 1.5% among companies in the Morning class Micro in the same sector. Return on assets was 14.8%.
How solid is Chefs AS?
The equity ratio was 59.0% in 2025 (median 13.0%). Debt-to-equity was 0.70 (median 2.05).
What is the liquidity of Chefs AS like?
The current ratio was 3.01 in 2025 (median 1.01).
How does Chefs AS compare in Overnatting og servering?
Chefs AS ranks 849 of 5,670 in Overnatting og servering for 2025. Among companies in the Morning class Micro it is number 531 of 3,234. Revenue changed by −2.1% from the year before.
From the Central Coordinating Register
- Org. no.
- 997274741
- Legal form
- AS
- Sector
- Overnatting og servering (56.210)
- Morning company class
- Micro
- Employees
- 9 registered 10 July 2026
- Founded
- 16 August 2011 15 years in operation
- Share capital
- 0.10 MNOK
- Business address
- Holtegata 23, 0355 OSLO
- Municipality
- Oslo rank 63–220 of 357 in Norway
- Audit
- Audit opted out from 11 October 2011
- 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
Loading roles …
Source: Central Coordinating Register, fetched 1 November 2026. Only names are shown.
Shareholders (2025)
- Number of shareholders
- 1 (one owner)
- Largest owner
- 100.0%
- Split
- companies 0% · private persons 100% · foreign 0%
- Owned from the same municipality
- 100%
- Group chain
- Ultimate owner: private person
The company is new in the shareholder register in 2025.
Source: the Norwegian Tax Administration's shareholder register as of 2025. Figures may be older than today's ownership. Private persons are not shown by name.
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 6 November 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 83 | 83 | 70 | |
| Rank | 350 | 153 | 849 | |
| Operating margin | 7.7% | 23.6% | 9.8% | |
| Return on assets | 18.3% | 41.2% | 14.8% | |
| Equity ratio | 59.5% | 53.7% | 59.0% | |
| Current ratio | 2.47 | 2.16 | 3.01 | |
| Revenue growth | – | 27.2% | −2.1% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 2.9 MNOK | 3.7 MNOK | 3.6 MNOK |
| Operating profit | 0.2 MNOK | 0.9 MNOK | 0.4 MNOK |
| Profit before tax | 0.2 MNOK | 0.9 MNOK | 0.4 MNOK |
| Tax expense | 0.1 MNOK | 0.2 MNOK | 0.1 MNOK |
| Net profit | 0.2 MNOK | 0.7 MNOK | 0.3 MNOK |
| Financial expenses | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Total assets | 1.2 MNOK | 2.1 MNOK | 2.4 MNOK |
| Current assets | 1.2 MNOK | 2.1 MNOK | 2.4 MNOK |
| Equity | 0.7 MNOK | 1.1 MNOK | 1.4 MNOK |
| Retained earnings | 0.6 MNOK | 1.0 MNOK | 1.3 MNOK |
| Total liabilities | 0.5 MNOK | 1.0 MNOK | 1.0 MNOK |
| Current liabilities | 0.5 MNOK | 1.0 MNOK | 0.8 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 6 November 2026, accounts id 6845244.
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