NORSEACO AS
Score · fiscal year 2023
72of 100
How to read this: the company is ahead of 85 % of small companies in the same sector in 2023. What does this mean?
Rank: 5,353 of 34,740 · Handel
Profile
Elephant · Steward
Lower profitability, high solidity
Position against comparable companies in 2023, not a verdict on the company. Based on profitability 40 and solidity 94 out of 100 among small companies in the same sector in 2023. Methodology
Against the sector
NORSEACO AS is 22 points above the median for small companies in the same sector in 2023.
Median score 50 among 32,562 companies.
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating margin | – | 2.5% |
| Profit margin | – | 2.2% |
| Return on assets | 0.2% | 4.0% |
| Equity ratio | 99.9% | 39.1% |
| Debt-to-equity | 0.00 | 1.00 |
| Current ratio | 240.22 | 1.70 |
| Revenue growth | – | 0.0% |
The median and “ahead of” refer to small companies in the same sector in 2023. The bar shows the share of companies the figure is ahead of.
With an index of 72, NORSEACO AS does better than 85% of small companies in the same sector (32,646 companies) in 2023.
Score 2023–2025
- NORSEACO AS
- Median: small companies in the same sector
What the numbers say
NORSEACO AS had an operating margin of – and an equity ratio of 99.9% in 2023, and ranks 5,353 of 34,740 in Handel.
This text is generated automatically from the 2023 accounts.
Three simple methods
One method gives a figure: 34 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | 34 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 company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin – (median 2.2%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 1,855.8% of the debt in 2023. The policy rate averaged 3.54 % the same year. This is a plain description of what the debt cost, not a model of interest sensitivity.
Data quality
- watch Revenue not reported
- watch No revenue but large assets
Scenario analysis: the sector's weakest year
We have no accounts for 2017, the sector's weakest year, for this company.
The sector's weakest year was 2017, with a median operating margin of −65.6%. Based on the 11 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 40 | weight 30% |
|---|---|---|
| Solidity | 94 | weight 25% |
| Liquidity | 99 | weight 15% |
| Growth | – | no data, left out |
| Consistency | 71 | weight 15% |
Index version 2. Data completeness 85%: the share of the weights that had data.
Questions and answers
How profitable is NORSEACO AS?
The operating margin was – in 2023, against a median of 2.5% among small companies in the same sector. Return on assets was 0.2%. The company made a loss before tax.
How solid is NORSEACO AS?
The equity ratio was 99.9% in 2023 (median 39.1%). Debt-to-equity was 0.00 (median 1.00).
What is the liquidity of NORSEACO AS like?
The current ratio was 240.22 in 2023 (median 1.70).
How does NORSEACO AS compare in Handel?
NORSEACO AS ranks 5,353 of 34,740 in Handel for 2023. Among companies of the same size (small companies) it ranks 4,988 of 32,646.
Group accounts
The company is registered as part of a group, but we have no group accounts for it. Group accounts are filed by the parent company, and open data does not say which company that is.
Read the figures with care: a company in a group can look strong because of group contributions, or weak because dividends go up to the parent. The figures are indications, not the full picture.
We do not show the group structure, because open data does not say who owns whom.
From the Central Coordinating Register
- Org. no.
- 913812050
- Legal form
- AS · part of a group
- Sector
- Handel (46.322)
- Size tier
- small
- Employees
- 0–4 (not registered)
- Founded
- 16 June 2014 12 years in operation
- Share capital
- 5.00 MNOK
- Business address
- Brunholmgata 1C, 6004 ÅLESUND
- Municipality
- Ålesund rank 2–6 of 10 in KOSTRA group 11
- 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
- Leif Birger Midtgård
- Chair of the board
- Leif Birger Midtgård
- Board member
- Johnny André Lexau
- Auditor
- CONTABILE AS
Source: Central Coordinating Register, fetched 25 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 | 72 | 88 | 69 | |
| Rank | 5,353 | 319 | 5,475 | |
| Operating margin | – | – | – | |
| Return on assets | 0.2% | 39.0% | 0.2% | |
| Equity ratio | 99.9% | 99.9% | 100.0% | |
| Current ratio | 240.22 | 69.93 | 41.20 | |
| Revenue growth | – | – | – |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | – | – | – |
| Operating profit | −0.1 MNOK | −0.1 MNOK | −0.1 MNOK |
| Profit before tax | −0.3 MNOK | 21.8 MNOK | −1.1 MNOK |
| Net profit | −0.3 MNOK | 21.7 MNOK | −1.1 MNOK |
| Financial expenses | 0.3 MNOK | 0.0 MNOK | 1.2 MNOK |
| Total assets | 34.1 MNOK | 55.8 MNOK | 54.7 MNOK |
| Current assets | 4.3 MNOK | 4.2 MNOK | 0.8 MNOK |
| Equity | 34.1 MNOK | 55.8 MNOK | 54.7 MNOK |
| Retained earnings | 15.4 MNOK | 37.1 MNOK | 36.0 MNOK |
| Total liabilities | 0.0 MNOK | 0.1 MNOK | 0.0 MNOK |
| Current liabilities | 0.0 MNOK | 0.1 MNOK | 0.0 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 5183333.
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