GARNVIK AS
Score · fiscal year 2023
32of 100
How to read this: the company is ahead of 25 % of small companies in the same sector in 2023. What does this mean?
Rank: 2,237 of 2,944 · Sjømat
Profile
Beaver · Builder
Lower profitability, lower solidity
Position against comparable companies in 2023, not a verdict on the company. Based on profitability 29 and solidity 39 out of 100 among small companies in the same sector in 2023. Methodology
Against the sector
GARNVIK AS is 18 points below the median for small companies in the same sector in 2023.
Median score 50 among 2,601 companies.
Against small companies in the same sector in 2023: operating margin −2.1% (median 9.2%) and equity ratio 26.0% (median 32.5%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 17 MNOK | 2 MNOK |
| Operating margin | −2.1% | 9.2% |
| Profit margin | −2.6% | 5.0% |
| Return on assets | −4.4% | 2.0% |
| Equity ratio | 26.0% | 32.5% |
| Debt-to-equity | 2.84 | 1.20 |
| Current ratio | 1.17 | 1.52 |
| Revenue growth | – | 10.0% |
| Revenue per employee | 1.88 MNOK | 1.51 MNOK |
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 32, GARNVIK AS does better than 25% of small companies in the same sector (2,603 companies) in 2023.
Score 2023–2025
- GARNVIK AS
- Median: small companies in the same sector
What the numbers say
GARNVIK AS had an operating margin of −2.1% and an equity ratio of 26.0% in 2023, and ranks 2,237 of 2,944 in Sjømat.
This text is generated automatically from the 2023 accounts.
Three simple methods
One method gives a figure: 2 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | 2 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 −2.6% (median 5.0%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
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 −1.7%. 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 | 29 | weight 30% |
|---|---|---|
| Solidity | 39 | weight 25% |
| Liquidity | 42 | weight 15% |
| Growth | – | no data, left out |
| Consistency | 18 | weight 15% |
Index version 2. Data completeness 85%: the share of the weights that had data.
Questions and answers
How profitable is GARNVIK AS?
The operating margin was −2.1% in 2023, against a median of 9.2% among small companies in the same sector. Return on assets was −4.4%. The company made a loss before tax.
How solid is GARNVIK AS?
The equity ratio was 26.0% in 2023 (median 32.5%). Debt-to-equity was 2.84 (median 1.20).
What is the liquidity of GARNVIK AS like?
The current ratio was 1.17 in 2023 (median 1.52).
How does GARNVIK AS compare in Sjømat?
GARNVIK AS ranks 2,237 of 2,944 in Sjømat for 2023. Among companies of the same size (small companies) it ranks 1,959 of 2,603.
From the Central Coordinating Register
- Org. no.
- 917425493
- Legal form
- AS
- Sector
- Sjømat (10.202)
- Size tier
- small
- Employees
- 9 registered 10 July 2026
- Founded
- 20 June 2016 10 years in operation
- Share capital
- 0.07 MNOK
- Business address
- Leirvikveien 276, 7273 NORDDYRØY (FRØYA)
- Municipality
- Frøya rank 1–8 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
- Emil Krigsvold Elshaug
- Chair of the board
- Asle Rønning
- Board member
- Kjell Ivar Åberg
- Board member
- Vidar Garnvik
- Board member
- Remy Andre Strømskag
- Auditor
- KPMG AS
- Accountant
- TRØNDELAG ØKONOMI & HR 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 | 32 | 62 | 58 | |
| Rank | 2,237 | 833 | 1,079 | |
| Operating margin | −2.1% | 6.0% | 6.3% | |
| Return on assets | −4.4% | 11.6% | 12.3% | |
| Equity ratio | 26.0% | 43.3% | 42.9% | |
| Current ratio | 1.17 | 1.65 | 1.64 | |
| Revenue growth | – | 41.6% | 27.6% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 16.9 MNOK | 23.9 MNOK | 30.5 MNOK |
| Operating profit | −0.4 MNOK | 1.4 MNOK | 1.9 MNOK |
| Profit before tax | −0.4 MNOK | 1.3 MNOK | 1.8 MNOK |
| Net profit | −0.3 MNOK | 1.0 MNOK | 1.4 MNOK |
| Financial expenses | 0.1 MNOK | 0.1 MNOK | 0.1 MNOK |
| Total assets | 8.1 MNOK | 12.3 MNOK | 15.6 MNOK |
| Current assets | 7.0 MNOK | 9.0 MNOK | 12.8 MNOK |
| Equity | 2.1 MNOK | 5.3 MNOK | 6.7 MNOK |
| Retained earnings | −2.3 MNOK | −1.2 MNOK | 0.1 MNOK |
| Total liabilities | 6.0 MNOK | 7.0 MNOK | 8.9 MNOK |
| Current liabilities | 6.0 MNOK | 5.5 MNOK | 7.8 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 5041485.
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