Havsnø AS
Score · fiscal year 2025
15of 100
How to read this: the company is ahead of 5 % of companies in the Morning class Micro in the same sector in 2025. What does this mean?
Rank in the Morning class Micro: 41 of 43 · What are Morning company classes?
Place in the whole sector: 97 of 100 · Bergverk og utvinning
Profile
Beaver · Builder
Lower profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 2 and solidity 5 out of 100 among companies in the Morning class Micro in the same sector in 2025. Methodology
Against the sector
Havsnø AS is 38 points below the median for companies in the Morning class Micro in the same sector in 2025.
Median score 53 among 43 companies.
Against companies in the Morning class Micro in the same sector in 2025: operating margin −102.2% (median 9.0%) and equity ratio 7.5% (median 47.9%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 3 MNOK | 3 MNOK |
| Operating margin | −102.2% | 9.0% |
| Profit margin | −102.9% | 6.7% |
| Return on assets | −73.5% | 9.6% |
| Equity ratio | 7.5% | 47.9% |
| Debt-to-equity | 12.26 | 0.85 |
| Current ratio | 1.05 | 2.55 |
| Revenue growth | 14.1% | 8.9% |
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 15, Havsnø AS does better than 5% of companies in the Morning class Micro in the same sector (43 companies) in 2025.
Score 2023–2025
- Havsnø AS
- Median: companies in the Morning class Micro in the same sector
Havsnø AS has a score of 15 for 2025, rank 97 of 100 in the sector.
Strongest: Growth: percentile 58 against peers, revenue growth 14.1% against a median of 8.9%.
Weakest: Profitability: percentile 2 against peers, operating margin −102.2% against a median of 9.0%. Solidity: percentile 5 against peers, equity ratio 7.5% against a median of 47.9%.
Worth a closer look
- The equity ratio is very low. Could the company absorb a bad year, and does it need more equity? Based on: equity ratio 7.5% (median 47.9%).
- The company made a loss before tax. Are these one-off items or a pattern? Based on: profit margin −102.9% (median 6.7%).
- The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors? Based on: operating margin −102.2% (median 9.0%).
- 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
Havsnø AS had an operating margin of −102.2% and an equity ratio of 7.5% in 2025, and ranks 97 of 100 in Bergverk og utvinning.
From 2024 to 2025: the operating margin rose from −122.5% to −102.2% and the equity ratio fell from 31.3% to 7.5%.
This text is generated automatically from the 2025 accounts.
Three simple methods
One method gives a figure: 0 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | 0 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
The equity ratio is very low. Could the company absorb a bad year, and does it need more equity?
Based on: Equity ratio 7.5% (median 47.9%).
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −102.9% (median 6.7%).
- 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 −102.2% (median 9.0%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 1.0% 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.
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 0.1%. Based on the 4 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 2 | weight 30% |
|---|---|---|
| Solidity | 5 | weight 25% |
| Liquidity | 10 | weight 15% |
| Growth | 58 | weight 15% |
| Consistency | 20 | weight 15% |
Durability: 18 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Havsnø AS?
The operating margin was −102.2% in 2025, against a median of 9.0% among companies in the Morning class Micro in the same sector. Return on assets was −73.5%. The company made a loss before tax.
How solid is Havsnø AS?
The equity ratio was 7.5% in 2025 (median 47.9%). Debt-to-equity was 12.26 (median 0.85).
What is the liquidity of Havsnø AS like?
The current ratio was 1.05 in 2025 (median 2.55).
How does Havsnø AS compare in Bergverk og utvinning?
Havsnø AS ranks 97 of 100 in Bergverk og utvinning for 2025. Among companies in the Morning class Micro it is number 41 of 43. Revenue changed by 14.1% from the year before.
From the Central Coordinating Register
- Org. no.
- 913154193
- Legal form
- AS
- Sector
- Bergverk og utvinning (08.930)
- Morning company class
- Micro
- Employees
- 0–4 (not registered)
- Founded
- 13 January 2014 12 years in operation
- Share capital
- 7.83 MNOK
- Business address
- Rindarøyvegen 315, 6480 AUKRA
- Municipality
- Aukra rank 2–7 of 8 in KOSTRA group 17
- Audit
- Audit opted out from 27 December 2022
- Latest accounts filed
- 2025
- Website
- www.northseasaltworks.no
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
- Chair of the board
- Olbjørn Kvernberg
- Accountant
- Admento AS
Source: Central Coordinating Register, fetched 2 November 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 30 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 12 | 27 | 15 | |
| Rank | 94 | 91 | 97 | |
| Operating margin | −134.2% | −122.5% | −102.2% | |
| Return on assets | −149.6% | −190.2% | −73.5% | |
| Equity ratio | 18.8% | 31.3% | 7.5% | |
| Current ratio | 1.61 | 1.45 | 1.05 | |
| Revenue growth | – | 38.4% | 14.1% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 2.2 MNOK | 3.0 MNOK | 3.5 MNOK |
| Operating profit | −2.9 MNOK | −3.7 MNOK | −3.5 MNOK |
| Profit before tax | −3.0 MNOK | −3.8 MNOK | −3.5 MNOK |
| Net profit | −3.0 MNOK | −3.8 MNOK | −3.2 MNOK |
| Financial expenses | 0.1 MNOK | 0.1 MNOK | 0.0 MNOK |
| Total assets | 2.0 MNOK | 1.9 MNOK | 4.8 MNOK |
| Current assets | 1.2 MNOK | 1.3 MNOK | 4.4 MNOK |
| Equity | 0.4 MNOK | 0.6 MNOK | 0.4 MNOK |
| Retained earnings | −19.3 MNOK | −23.1 MNOK | −26.3 MNOK |
| Total liabilities | 1.6 MNOK | 1.3 MNOK | 4.4 MNOK |
| Current liabilities | 0.8 MNOK | 0.9 MNOK | 4.2 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 30 October 2026, accounts id 6743794.
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