ARCTIC WATERS AS
Score · fiscal year 2025
30of 100
How to read this: the company is ahead of 20 % of small companies in the same sector in 2025. What does this mean?
Rank: 3,405 of 4,157 · Sjømat
Profile
Beaver · Builder
Lower profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 27 and solidity 0 out of 100 among small companies in the same sector in 2025. Methodology
Against the sector
ARCTIC WATERS AS is 20 points below the median for small companies in the same sector in 2025.
Median score 50 among 3,606 companies.
Against small companies in the same sector in 2025: operating margin −8.0% (median 9.9%) and equity ratio −11.2% (median 36.4%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 8 MNOK | 2 MNOK |
| Operating margin | −8.0% | 9.9% |
| Profit margin | −8.2% | 6.6% |
| Return on assets | −4.4% | 3.1% |
| Equity ratio | −11.2% | 36.4% |
| Debt-to-equity | – | 1.03 |
| Current ratio | 0.79 | 1.66 |
| Revenue growth | 8,052.8% | 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 30, ARCTIC WATERS AS does better than 20% of small companies in the same sector (3,638 companies) in 2025.
Score 2023–2025
- ARCTIC WATERS AS
- Median: small companies in the same sector
ARCTIC WATERS AS has a score of 30 for 2025, rank 3,405 of 4,157 in the sector.
Strongest: Growth: percentile 100 against peers, revenue growth 8,052.8% against a median of 13.5%.
Weakest: Solidity: percentile 0 against peers, equity ratio −11.2% against a median of 36.4%. Consistency: percentile 15 against peers.
Worth a closer look
- Equity is negative. How will it be rebuilt, and what do lenders and the auditor say about going concern? Based on: equity ratio −11.2% (median 36.4%).
- Consider strengthening liquidity: current liabilities are 1.3 times current assets. Based on: current ratio 0.79 (median 1.66).
- The company made a loss before tax. Are these one-off items or a pattern? Based on: profit margin −8.2% (median 6.6%).
- What lies behind weak solidity, 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
ARCTIC WATERS AS had an operating margin of −8.0% and an equity ratio of −11.2% in 2025, and ranks 3,405 of 4,157 in Sjømat.
From 2024 to 2025: revenue grew by 8,053% and the operating margin rose from −949.4% to −8.0%.
This text is generated automatically from the 2025 accounts.
Three simple methods
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | not meaningful |
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
- critical
Equity is negative. How will it be rebuilt, and what do lenders and the auditor say about going concern?
Based on: Equity ratio −11.2% (median 36.4%).
- watch
Consider strengthening liquidity: current liabilities are 1.3 times current assets.
Based on: Current ratio 0.79 (median 1.66).
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −8.2% (median 6.6%).
- watch
Strong growth with weak liquidity. Is the growth financed, or does it tie up capital the company does not have?
Based on: Revenue growth 8,052.8% (median 13.5%); Current ratio 0.79 (median 1.66).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 0.1% 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
- critical Negative equity
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 | 27 | weight 30% |
|---|---|---|
| Solidity | 0 | weight 25% |
| Liquidity | 29 | weight 15% |
| Growth | 100 | weight 15% |
| Consistency | 15 | weight 15% |
Durability: 19 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is ARCTIC WATERS AS?
The operating margin was −8.0% in 2025, against a median of 9.9% among small companies in the same sector. Return on assets was −4.4%. The company made a loss before tax.
How solid is ARCTIC WATERS AS?
The equity ratio was −11.2% in 2025 (median 36.4%). Equity is negative, so liabilities exceed assets.
What is the liquidity of ARCTIC WATERS AS like?
The current ratio was 0.79 in 2025 (median 1.66). Current assets did not cover current liabilities.
How does ARCTIC WATERS AS compare in Sjømat?
ARCTIC WATERS AS ranks 3,405 of 4,157 in Sjømat for 2025. Among companies of the same size (small companies) it ranks 2,914 of 3,638. Revenue changed by 8,052.8% from the year before.
From the Central Coordinating Register
- Org. no.
- 914375460
- Legal form
- AS
- Sector
- Sjømat (03.110)
- Size tier
- small
- Employees
- 0–4 (not registered)
- Founded
- 3 November 2014 11 years in operation
- Share capital
- 3.03 MNOK
- Business address
- Kristian 4 gate 1, 9950 VARDØ
- Municipality
- Vardø rank 3–9 of 9 in KOSTRA group 3
- 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
- Karl Magnus Pettersen
- Chair of the board
- Karl Magnus Pettersen
- Auditor
- HLO REVISJON & RÅDGIVNING AS
- Accountant
- VIEW GROUP 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 | 18 | 10 | 30 | |
| Rank | 3,336 | 3,813 | 3,405 | |
| Operating margin | – | −949.4% | −8.0% | |
| Return on assets | −18.9% | −15.7% | −4.4% | |
| Equity ratio | 16.8% | −16.1% | −11.2% | |
| Current ratio | 0.55 | 0.53 | 0.79 | |
| Revenue growth | – | – | 8,052.8% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 0.0 MNOK | 0.1 MNOK | 8.2 MNOK |
| Operating profit | −1.1 MNOK | −0.9 MNOK | −0.7 MNOK |
| Profit before tax | −1.1 MNOK | −1.9 MNOK | −0.7 MNOK |
| Net profit | −1.1 MNOK | −1.9 MNOK | −0.7 MNOK |
| Financial expenses | 0.0 MNOK | 1.0 MNOK | 0.0 MNOK |
| Total assets | 5.8 MNOK | 6.1 MNOK | 14.7 MNOK |
| Current assets | 0.3 MNOK | 0.3 MNOK | 0.9 MNOK |
| Equity | 1.0 MNOK | −1.0 MNOK | −1.6 MNOK |
| Retained earnings | −2.9 MNOK | −4.9 MNOK | −5.5 MNOK |
| Total liabilities | 4.8 MNOK | 7.0 MNOK | 16.4 MNOK |
| Current liabilities | 0.5 MNOK | 0.6 MNOK | 1.1 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 6863826.
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