KARSTEN FLEM AS
Score · fiscal year 2025
68of 100
How to read this: the company is ahead of 89 % of medium-sized companies in the same sector in 2025. What does this mean?
Rank: 565 of 4,158 · Sjømat
Profile
Elephant · Steward
Lower profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 49 and solidity 82 out of 100 among medium-sized companies in the same sector in 2025. Methodology
Against the sector
KARSTEN FLEM AS is 19 points above 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 4.3% (median 10.6%) and equity ratio 78.3% (median 41.4%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 306 MNOK | 192 MNOK |
| Operating margin | 4.3% | 10.6% |
| Profit margin | 4.3% | 7.5% |
| Return on assets | 12.0% | 7.7% |
| Equity ratio | 78.3% | 41.4% |
| Debt-to-equity | 0.28 | 1.37 |
| Current ratio | 6.90 | 1.70 |
| Revenue growth | 8.5% | 8.6% |
| Revenue per employee | 13.91 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 68, KARSTEN FLEM AS does better than 89% of medium-sized companies in the same sector (461 companies) in 2025.
Score 2023–2025
- KARSTEN FLEM AS
- Median: medium-sized companies in the same sector
KARSTEN FLEM AS has a score of 68 for 2025, rank 565 of 4,158 in the sector.
Strongest: Liquidity: percentile 89 against peers, current ratio 6.90 against a median of 1.70. Solidity: percentile 82 against peers, equity ratio 78.3% against a median of 41.4%.
No area is clearly below its peers.
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
KARSTEN FLEM AS had an operating margin of 4.3% and an equity ratio of 78.3% in 2025, and ranks 565 of 4,158 in Sjømat.
From 2024 to 2025: the operating margin fell from 8.0% to 4.3%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 95 MNOK and 106 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 105 MNOK |
| EV/EBIT | 8.0 | 106 MNOK |
| P/B | 1.0 | 95 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 5.1% 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 | 49 | weight 30% |
|---|---|---|
| Solidity | 82 | weight 25% |
| Liquidity | 89 | weight 15% |
| Growth | 50 | weight 15% |
| Consistency | 78 | weight 15% |
Durability: 68 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is KARSTEN FLEM AS?
The operating margin was 4.3% in 2025, against a median of 10.6% among medium-sized companies in the same sector. Return on assets was 12.0%.
How solid is KARSTEN FLEM AS?
The equity ratio was 78.3% in 2025 (median 41.4%). Debt-to-equity was 0.28 (median 1.37).
What is the liquidity of KARSTEN FLEM AS like?
The current ratio was 6.90 in 2025 (median 1.70).
How does KARSTEN FLEM AS compare in Sjømat?
KARSTEN FLEM AS ranks 565 of 4,158 in Sjømat for 2025. Among companies of the same size (medium-sized companies) it ranks 51 of 461. Revenue changed by 8.5% from the year before.
From the Central Coordinating Register
- Org. no.
- 833676342
- Legal form
- AS
- Sector
- Sjømat (10.201)
- Size tier
- medium
- Employees
- 22 registered 10 October 2026
- Founded
- 31 December 1982 43 years in operation
- Share capital
- 20.40 MNOK
- Business address
- Longvafjordvegen 249, 6293 LONGVA (HARAM)
- Municipality
- Haram rank 11–25 of 40 in KOSTRA group 1
- 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
- Karsten Stig Flem
- Chair of the board
- Karsten Stig Flem
- Board member
- Lillian Tove Johnsen
- Board member
- Joachim Johnsen Flem
- Auditor
- CONTABILE AS
- Accountant
- HASUND 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 26 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 65 | 72 | 68 | |
| Rank | 866 | 439 | 565 | |
| Operating margin | 3.6% | 8.0% | 4.3% | |
| Return on assets | 12.2% | 21.4% | 12.0% | |
| Equity ratio | 67.1% | 74.9% | 78.3% | |
| Current ratio | 4.32 | 5.88 | 6.90 | |
| Revenue growth | – | 14.3% | 8.5% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 246.8 MNOK | 282.0 MNOK | 306.1 MNOK |
| Operating profit | 8.9 MNOK | 22.5 MNOK | 13.2 MNOK |
| Profit before tax | 12.0 MNOK | 23.7 MNOK | 13.2 MNOK |
| Net profit | 10.1 MNOK | 18.8 MNOK | 10.5 MNOK |
| Financial expenses | 0.9 MNOK | 0.9 MNOK | 1.4 MNOK |
| Total assets | 105.5 MNOK | 115.5 MNOK | 121.3 MNOK |
| Current assets | 84.8 MNOK | 90.7 MNOK | 98.4 MNOK |
| Equity | 70.7 MNOK | 86.5 MNOK | 95.0 MNOK |
| Retained earnings | 50.3 MNOK | 66.1 MNOK | 74.6 MNOK |
| Total liabilities | 34.7 MNOK | 29.0 MNOK | 26.3 MNOK |
| Current liabilities | 19.6 MNOK | 15.4 MNOK | 14.3 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 6773394.
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