TORGHATTEN AS
Score · fiscal year 2025
40of 100
How to read this: the company is ahead of 26 % of medium-sized companies in the same sector in 2025. What does this mean?
Rank: 739 of 1,016 · Sjøfart
Profile
Elephant · Steward
Lower profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 3 and solidity 98 out of 100 among medium-sized companies in the same sector in 2025. Methodology
Against the sector
TORGHATTEN AS is 9 points below the median for medium-sized companies in the same sector in 2025.
Median score 49 among 273 companies.
Against medium-sized companies in the same sector in 2025: operating margin −43.6% (median 23.0%) and equity ratio 96.3% (median 36.2%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 149 MNOK | 204 MNOK |
| Operating margin | −43.6% | 23.0% |
| Profit margin | −71.6% | 13.6% |
| Return on assets | −0.9% | 10.1% |
| Equity ratio | 96.3% | 36.2% |
| Debt-to-equity | 0.04 | 1.69 |
| Current ratio | 0.97 | 1.34 |
| Revenue growth | −3.6% | 2.4% |
| Revenue per employee | 0.96 MNOK | 2.66 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 40, TORGHATTEN AS does better than 26% of medium-sized companies in the same sector (273 companies) in 2025.
Score 2023–2025
- TORGHATTEN AS
- Median: medium-sized companies in the same sector
TORGHATTEN AS has a score of 40 for 2025, rank 739 of 1,016 in the sector.
Strongest: Solidity: percentile 98 against peers, equity ratio 96.3% against a median of 36.2%.
Weakest: Profitability: percentile 3 against peers, operating margin −43.6% against a median of 23.0%. Liquidity: percentile 25 against peers, current ratio 0.97 against a median of 1.34.
Worth a closer look
- Consider strengthening liquidity: current liabilities are 1.0 times current assets. Based on: current ratio 0.97 (median 1.34).
- The company made a loss before tax. Are these one-off items or a pattern? Based on: profit margin −71.6% (median 13.6%).
- The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors? Based on: operating margin −43.6% (median 23.0%).
- 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
TORGHATTEN AS had an operating margin of −43.6% and an equity ratio of 96.3% in 2025, and ranks 739 of 1,016 in Sjøfart.
From 2024 to 2025: the operating margin fell from −9.8% to −43.6% and went from a profit to a loss before tax.
This text is generated automatically from the 2025 accounts.
Three simple methods
One method gives a figure: 6,907 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | 6,907 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
Consider strengthening liquidity: current liabilities are 1.0 times current assets.
Based on: Current ratio 0.97 (median 1.34).
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −71.6% (median 13.6%).
- 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 −43.6% (median 23.0%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 15.9% 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 5.1%. Based on the 7 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 3 | weight 30% |
|---|---|---|
| Solidity | 98 | weight 25% |
| Liquidity | 25 | weight 15% |
| Growth | 33 | weight 15% |
| Consistency | 37 | weight 15% |
Durability: 49 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is TORGHATTEN AS?
The operating margin was −43.6% in 2025, against a median of 23.0% among medium-sized companies in the same sector. Return on assets was −0.9%. The company made a loss before tax.
How solid is TORGHATTEN AS?
The equity ratio was 96.3% in 2025 (median 36.2%). Debt-to-equity was 0.04 (median 1.69).
What is the liquidity of TORGHATTEN AS like?
The current ratio was 0.97 in 2025 (median 1.34). Current assets did not cover current liabilities.
How does TORGHATTEN AS compare in Sjøfart?
TORGHATTEN AS ranks 739 of 1,016 in Sjøfart for 2025. Among companies of the same size (medium-sized companies) it ranks 201 of 273. Revenue changed by −3.6% from the year before.
Public contracts
- Contracts awarded since 2024
- 1
- Total awarded value since 2024
- 200.0 MNOK
| Date | Buyer | Notice | Value |
|---|---|---|---|
| 3 February 2026 | Troms fylkeskommune | Drift av fergesambandet Gryllefjord-Andenes | 200.0 MNOK |
Based on notices in Doffin. Does not show call-offs under framework agreements or purchases below the publication threshold. Values are as stated by the buyer.
Source: Doffin (DFØ), fetched 27 October 2026. Winners are matched on organisation number.
Contains data under the Norwegian licence for public data (NLOD 2.0) made available by Doffin/the Norwegian Agency for Public and Financial Management (DFØ). NLOD 2.0
From the Central Coordinating Register
- Org. no.
- 916819927
- Legal form
- AS
- Sector
- Sjøfart (50.102)
- Size tier
- medium
- Employees
- 156 registered 10 October 2026
- Founded
- 8 November 1921 104 years in operation
- Share capital
- 237.75 MNOK
- Business address
- Brattørkaia 17B, 7010 TRONDHEIM
- Municipality
- Trondheim rank 3 of 11 in KOSTRA group 12
- Latest accounts filed
- 2025
- Website
- www.torghatten.no
- LEI
- 549300TPD8LVZEE2QJ38 renews 31 October 2027
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
- Kjetil Håbjørg
- Chair of the board
- Carsten Grøne Jensen
- Board member
- Svein Robert Willumsen
- Board member
- Grete Rekkebo Brovoll
- Board member
- Charlotte Sofia Viktoria Sundblad
- Board member
- Stein Andre Herigstad-Olsen
- Auditor
- PRICEWATERHOUSECOOPERS AS
Source: Central Coordinating Register, fetched 29 October 2026. Only names are shown.
- Parent company
- No known owner
Source: GLEIF (Global Legal Entity Identifier Foundation), fetched 30 October 2026. The parent is the one the company itself reported to GLEIF.
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 | 50 | 57 | 40 | |
| Rank | 445 | 332 | 739 | |
| Operating margin | −221.1% | −9.8% | −43.6% | |
| Return on assets | 2.1% | 0.5% | −0.9% | |
| Equity ratio | 93.6% | 94.8% | 96.3% | |
| Current ratio | 1.63 | 1.38 | 0.97 | |
| Revenue growth | – | 302.2% | −3.6% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 38.5 MNOK | 154.8 MNOK | 149.2 MNOK |
| Operating profit | −85.1 MNOK | −15.2 MNOK | −65.1 MNOK |
| Profit before tax | 125.2 MNOK | 12.1 MNOK | −106.9 MNOK |
| Net profit | 120.8 MNOK | 20.2 MNOK | −90.0 MNOK |
| Financial expenses | 32.9 MNOK | 25.2 MNOK | 42.5 MNOK |
| Total assets | 7,469.8 MNOK | 7,364.6 MNOK | 7,174.5 MNOK |
| Current assets | 333.5 MNOK | 207.2 MNOK | 50.8 MNOK |
| Equity | 6,989.1 MNOK | 6,981.2 MNOK | 6,907.3 MNOK |
| Retained earnings | 1,853.6 MNOK | 1,845.7 MNOK | 1,756.4 MNOK |
| Total liabilities | 480.7 MNOK | 383.5 MNOK | 267.2 MNOK |
| Current liabilities | 204.3 MNOK | 149.7 MNOK | 52.2 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 7189079.
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