Fishbase Infrastructure AS
Not financial advice. The index, rank, signals and advice are rule-based indications from the latest filed annual accounts. They are not a credit rating, an assessment of management or a recommendation to buy, sell or do business with the company. Read more
Key facts
Is the company run well?
Five key figures against companies in the Morning class Small in the same sector. Green is better than most, amber about like the industry and red weaker than most.
- Profitability · operating margin 22.5% Weaker than the industry Industry: 40.6%
- Returns · return on assets 2.6% Weaker than the industry Industry: 7.8%
- Solidity · equity ratio 30.5% About like the industry Industry: 27.3%
- Liquidity · current ratio 0.24 Weaker than the industry Industry: 1.27
- Growth · revenue growth 14.3% Better than the industry Industry: 4.1%
The mark comes from the company's place among comparable companies (percentile): green from 60, amber from 40, red below 40. Negative equity, an operating loss and a current ratio under 1 pull it down regardless. Methodology
Score · fiscal year 2025
38of 100
How to read this: the company is ahead of 22 % of companies in the Morning class Small in the same sector in 2025. What does this mean?
Rank in the Morning class Small: 4,017 of 5,128 · What are Morning company classes?
Place in the whole sector: 23,091 of 30,124 · Eiendom
Profile
Beaver · Builder
Lower profitability, lower resilience
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 28 and resilience 45 out of 100 among companies in the Morning class Small in the same sector in 2025. Methodology
Against the sector
Fishbase Infrastructure AS is 12 points below the median for companies in the Morning class Small in the same sector in 2025.
Median score 50 among 5,127 companies.
Against companies in the Morning class Small in the same sector in 2025: operating margin 22.5% (median 40.6%) and equity ratio 30.5% (median 27.3%).
How it has gone · 2023–2025
Revenue rose by 27 % from 2023 to 2025, to 48.3 MNOK. The operating margin rose from 13.4% in 2023 to 22.5% in 2025. The equity ratio rose from 16.5% in 2023 to 30.5% in 2025.
Amounts in the reporting currency. The full year-by-year table is further down under «Details». See every figure year by year
Accounts in short
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 37.9 MNOK | 42.2 MNOK | 48.3 MNOK |
| Operating profit | 5.1 MNOK | 13.0 MNOK | 10.9 MNOK |
| Net profit | −2.3 MNOK | −1.4 MNOK | −3.5 MNOK |
| Total assets | 226.4 MNOK | 302.4 MNOK | 429.3 MNOK |
| Equity | 37.5 MNOK | 36.1 MNOK | 131.0 MNOK |
| Total liabilities | 189.0 MNOK | 266.3 MNOK | 298.3 MNOK |
From the Brønnøysund Register Centre, in the company's reporting currency (NOK). See every figure year by year
From the Central Coordinating Register
- Org. no.
- 920539122
- Legal form
- AS · part of a group
- Sector
- Eiendom (68.200)
- Purpose
- Tilby utleie av produksjonsfasiliteter og utleieareal til kunder. Samt rådgivningstjenester, prosjektledelse mv ovenfor havbruksnæringen, samt å tilby varer og tjenester som står i forbindelse med dette.
- Morning company class
- Small
- Employees
- 0–4 (not registered) Payroll costs in the accounts: 2.3 MNOK (2025).
- Founded
- 15 February 2018 8 years in operation
- Share capital
- 88.50 MNOK
- Business address
- Øysundveien 11, 8820 DØNNA
- Municipality
- Dønna rank 19–31 of 36 in KOSTRA group 15
- Latest accounts filed
- 2025
- VAT registered
- Yes
- Former names
- Water Front Development AS until 2022
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
Fishbase Infrastructure AS has a score of 38 for 2025, rank 23,091 of 30,124 in the sector.
Strongest: Solidity: percentile 52 against peers, equity ratio 30.5% against a median of 27.3%.
Weakest: Liquidity: percentile 17 against peers, current ratio 0.24 against a median of 1.27. Profitability: percentile 28 against peers, operating margin 22.5% against a median of 40.6%.
Worth a closer look
- Consider strengthening liquidity: current liabilities are 4.1 times current assets. Based on: current ratio 0.24 (median 1.27).
- The operating result does not cover the financial costs. How will the debt be serviced, and what do the lenders say? Based on: interest coverage (times) 0.7 (median 2.0); financial costs as a share of debt 5.3% (median 4.7%).
- The company made a loss before tax. Are these one-off items or a pattern? Based on: profit margin −9.7% (median 19.3%).
- 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
Worth a closer look
- critical
Consider strengthening liquidity: current liabilities are 4.1 times current assets.
Based on: Current ratio 0.24 (median 1.27).
- critical
The operating result does not cover the financial costs. How will the debt be serviced, and what do the lenders say?
Based on: Interest coverage (times) 0.7 (median 2.0); Financial costs as a share of debt 5.3% (median 4.7%).
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −9.7% (median 19.3%).
- watch
Current liabilities exceed current assets other than bank deposits, and the current ratio is weak. Is it customer prepayments and supplier credit that fund the operations, or short-term loans that must be renewed?
Based on: Net working capital to revenue −25.7% (median −6.0%); Current ratio 0.24 (median 1.27).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 5.3% 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
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 15.0%. 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 | 28 | weight 40% |
|---|---|---|
| Solidity | 52 | weight 20% |
| Liquidity | 17 | weight 5% |
| Growth | 43 | weight 25% |
| Consistency | 46 | weight 10% |
Three goals: profitability 40%, growth 25%, resilience 35%. Why these weights?
Durability: 35 (average over 3 years)
Index version 3. Data completeness 100%: the share of the weights that had data.
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 48 MNOK | 17 MNOK |
| Operating margin | 22.5% | 40.6% |
| Profit margin | −9.7% | 19.3% |
| Return on assets | 2.6% | 7.8% |
| Equity ratio | 30.5% | 27.3% |
| Debt-to-equity | 2.28 | 2.34 |
| Current ratio | 0.24 | 1.27 |
| Revenue growth | 14.3% | 4.1% |
The median and “ahead of” refer to companies in the Morning class Small in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 38, Fishbase Infrastructure AS does better than 22% of companies in the Morning class Small in the same sector (5,128 companies) in 2025.
Score 2023–2025
- Fishbase Infrastructure AS
- Median: companies in the Morning class Small in the same sector
Working capital and debt
| Measure | Company | Median | |
|---|---|---|---|
| Working capital | |||
| Receivable days All current receivables, including those on group companies, in days of revenue. |
29 days | 50 days | |
| Inventory and other current assets, days Current assets other than receivables and bank deposits, that is inventory and short-term investments, in days of revenue. |
0 days | 0 days | |
| Net working capital to revenue Current assets less bank deposits less current liabilities, divided by revenue. Negative: short-term debt funds the operations. |
−25.7% | −6.0% | |
| Cash share of current assets How much of the short-term buffer is bank deposits and cash. |
3.8% | 30.5% | |
| Debt and interest burden | |||
| Interest coverage (times) Operating result divided by all financial costs. Below 1: operations do not cover the cost of the debt. |
0.7 | 2.0 | |
| Financial costs as a share of debt All financial costs (interest, currency losses and other) divided by all debt, interest-free debt included. Not an interest rate. |
5.3% | 4.7% | |
| Long-term share of debt Long-term debt as a share of all debt. A low share means more falls due within a year. |
94.6% | 83.5% | |
Net working capital (current assets less bank deposits less current liabilities): −12.4 MNOK.
Of the financial costs of 15.9 MNOK, 15.3 MNOK is reported as interest costs in the accounts.
The median and the bar refer to companies in the Morning class Small in the same sector in 2025. The bar shows the share of the group with a lower figure: higher is not always better, long receivable days tie up capital, for example. These figures do not count in the score.
Returns, debt against earnings and quality
| Measure | Company | Median | |
|---|---|---|---|
| Returns | |||
| Return on equity (ROE) Net result over the average of equity at the start and end of the year (the end alone when last year is missing). Not calculated with negative equity. |
−4.2% | 12.9% | |
| Return on capital employed (ROCE) Operating result over capital employed, that is total assets less current liabilities. The return regardless of how the company is financed. |
2.6% | 8.3% | |
| Net margin Net result over revenue. The first part of the DuPont split of return on equity. |
−7.2% | 15.0% | |
| Asset turnover (revenue over assets) Revenue over total assets: how many kroner of revenue each krone of assets gives. The second part of the DuPont split. |
0.11 | 0.18 | |
| Equity multiplier Total assets over equity: 4 means three quarters is financed with debt. The third part of the DuPont split. |
3.28 | 3.34 | |
| Debt and financing | |||
| Net debt in times operating result Long-term liabilities less cash, over the operating result: roughly how many years the business must earn to repay the debt. A negative figure means more cash than long-term debt. Rough, because the accounts do not split out interest-bearing debt. Only calculated when the operating result is positive. |
25.9 | 6.5 | |
| Fixed-asset cover Equity plus long-term liabilities over fixed assets (total assets less current assets). Below 1: fixed assets are partly financed with short-term debt. |
0.97 | 1.01 | |
| Quick ratio (without inventory) Cash plus receivables over current liabilities. Like the current ratio but without inventory and short-term investments. |
0.24 | 1.08 | |
| Quality and resilience | |||
| Effective tax rate Tax expense over profit before tax, only when the profit is positive. Far from 22% points to one-off items, tax losses carried forward or group contributions. |
– | 22.0% | |
| Operating leverage Percentage change in operating result over percentage change in revenue from last year. 3 means a 1% fall in revenue gives a 3% fall in operating result. Only calculated when revenue moved at least 2% and last year's operating result was positive. |
−1.1 | 1.3 | |
| Payroll costs over revenue Payroll costs (with employer's contribution and pension) over revenue. Shows how much of revenue is a fixed cost in a service business. |
4.8% | 13.3% | |
| Revenue safety margin How far revenue can fall before the operating result is zero, assuming payroll is fixed and all other costs follow revenue. A calculation, not a measurement: depreciation and rent are also fixed, so reality is lower. |
82.3% | 68.8% | |
| Cash runway (months) Cash over the operating loss per month, only for years with a loss. Assumes the loss continues unchanged and no new financing arrives. Capped at 120 months. |
– | 8 mo. | |
DuPont on the closing balance: net margin −7.2% × asset turnover 0.11 × multiplier 3.28 = −2.7% of equity at the end of the year. The return on equity above uses average equity and can differ slightly.
The median and the bar are for companies in the Morning class Small in the same sector in 2025. The bar shows the share of the group with a lower figure: high is not always good. The figures are our own calculations from the annual accounts and do not count in the score. Open data has no depreciation, so no EBITDA, and the accounts do not split out interest-bearing debt. How we calculate
The industry or the company: what drove the result?
In 2025 the operating margin of Fishbase Infrastructure AS fell by 8.3 percentage points. Comparable companies rose by a median 0.2 points. So the company did 8.5 points weaker than the industry, for reasons of its own.
Over 2 year-to-year changes Fishbase Infrastructure AS moved the same way as comparable companies 1 times. About 13% of the changes in operating margin were common to the industry; the rest was the company's own.
| Year | The company | Comparable (median) | Change, company | Change, industry | The company's own |
|---|---|---|---|---|---|
| 2024 | 30.8% | 40.5% | +17.4 percentage points | +3.1 percentage points | +14.3 percentage points |
| 2025 | 22.5% | 40.6% | −8.3 percentage points | +0.2 percentage points | −8.5 percentage points |
Comparable companies are those in the same industry and Morning company class. Their change shows what hit the whole industry, the sector drivers below included. The rest is the company's own: contracts, costs, one-off items or operations. The share is approximate, and we claim no cause.
The company and its sector's drivers
Prices, rate and currency that shape the sector's year, year by year beside the operating margin of Fishbase Infrastructure AS. The figures stand side by side; we claim no cause.
House prices (existing homes) (indeks (2015 = 100))
House prices (existing homes) rose 5.5% in 2025; the operating margin of Fishbase Infrastructure AS fell 8.3 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| House prices (existing homes), annual average | 134.5 | 141.6 | 140.8 | 144.6 | 152.5 | 158.7 (so far) |
| Change from the year before | +10.5% | +5.2% | −0.5% | +2.7% | +5.5% | +4.1% |
| The company's operating margin | – | – | 13.4% | 30.8% | 22.5% | – |
Source: SSB (07221, CC BY 4.0). Source
Policy rate (prosent)
Policy rate fell 0.20 percentage points in 2025; the operating margin of Fishbase Infrastructure AS fell 8.3 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Policy rate, annual average | 0.08 | 1.32 | 3.54 | 4.50 | 4.30 | 4.17 (so far) |
| Change from the year before | −0.28 percentage points | +1.24 percentage points | +2.22 percentage points | +0.96 percentage points | −0.20 percentage points | −0.12 percentage points |
| The company's operating margin | – | – | 13.4% | 30.8% | 22.5% | – |
Source: Norges Bank (IR, NLOD 2.0). Source
Construction cost index for dwellings (indeks (2015 = 100))
Construction cost index for dwellings rose 4.3% in 2025; the operating margin of Fishbase Infrastructure AS fell 8.3 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Construction cost index for dwellings, annual average | 124.2 | 135.1 | 141.1 | 146.4 | 152.7 | 158.7 (so far) |
| Change from the year before | +8.7% | +8.8% | +4.4% | +3.7% | +4.3% | +3.9% |
| The company's operating margin | – | – | 13.4% | 30.8% | 22.5% | – |
Source: SSB (08651, CC BY 4.0). Source
Consumer price index (indeks (2025 = 100))
Consumer price index rose 3.0% in 2025; the operating margin of Fishbase Infrastructure AS fell 8.3 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Consumer price index, annual average | 84.3 | 89.2 | 94.1 | 97.0 | 100.0 | 103.0 (so far) |
| Change from the year before | +3.5% | +5.8% | +5.5% | +3.2% | +3.0% | +3.0% |
| The company's operating margin | – | – | 13.4% | 30.8% | 22.5% | – |
Source: SSB (14710, CC BY 4.0). Source
Wage index: real estate (indeks)
Wage index: real estate rose 5.2% in 2025; the operating margin of Fishbase Infrastructure AS fell 8.3 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Wage index: real estate, annual average | 91.7 | 94.3 | 96.8 | 103.2 | 108.5 | 111.3 (so far) |
| Change from the year before | +5.2% | +2.9% | +2.6% | +6.5% | +5.2% | +2.6% |
| The company's operating margin | – | – | 13.4% | 30.8% | 22.5% | – |
Source: SSB (12314, CC BY 4.0). Source
We show the drivers and the margin side by side and claim no cause. Sensitivity per company is not computed until we have at least 10 years of accounts per company: with three years such figures are false precision.
What the numbers say
Fishbase Infrastructure AS had an operating margin of 22.5% and an equity ratio of 30.5% in 2025, and ranks 23,091 of 30,124 in Eiendom.
From 2024 to 2025: the operating margin fell from 30.8% to 22.5% and the equity ratio rose from 11.9% to 30.5%.
This text is generated automatically from the 2025 accounts.
Three simple methods
Suggested price: about 56 MNOK
The mean of the 1 methods below (P/E, EV/EBIT and P/B with listed multiples and a size adjustment), rounded to two significant figures. It is a calculation, not a bid or a valuation. Fewer than three methods gave a figure, so the mean is weaker than it looks.
That is about 63.28 NOK per share, on 885,000 shares in the shareholder register.
One method gives a figure: 56 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.5 | not meaningful |
| EV/EBIT | 19.2 | debt above value |
| P/B | 0.7 | 56 MNOK |
| EV/EBIT: from enterprise value to equity | NOK |
|---|---|
| Enterprise value (EV) at the listed multiple | 185 MNOK |
| Enterprise value after the size adjustment | 114 MNOK |
| Less net debt (rough figure) | 282 MNOK |
| Equity value | debt above value |
Net debt is a rough figure: long-term liabilities minus cash. The accounts do not split interest-bearing debt from other liabilities, and short-term borrowings are not included. The size adjustment applies to the enterprise value, not to the debt. Net debt is 247% of the enterprise value after the size adjustment, so the equity value from EV/EBIT is sensitive to errors in the debt figure.
The listed basis is the value at listed multiples. The estimate is lowered for size: a small-company premium of 4% on the cost of equity gives a value 38% lower. No separate marketability discount is applied, because the premium already allows for the company being small and unlisted.
The multiples are from the listed industry that matches the NACE code (68.2): R.E.I.T..
Not financial advice. The value range is a rough model estimate from listed-company multiples, not a valuation, a price target or a price offer. The actual value may differ greatly. Read more
A mechanical estimate from public accounts, not advice. A mechanical estimate from public accounts with listed multiples and fixed adjustments. Not a valuation and not advice to buy or sell. See the calculation
Figures you will not find in any register
We calculated these figures ourselves from the accounts and registers we have read. The company has not reported them and the Brønnøysund Register Centre does not publish them. They are indications and are not part of the index. How we calculate
- Implied dividend (net payout)
- 49.2 MNOK came into equity beyond the result in 2025.
Calculated as retained earnings at the start of the year + net result − retained earnings at the end of the year. What remains is dividends and group contributions, plus transfers to other items and corrections of earlier years. It is not a dividend figure. - Owners and leadership aged 60 or older
- No sign of a near generation change in the ages.
- The chair is under 60.
- The managing director is under 60.
- 0 of 2 on the board are 60 or older.
- What the largest owner can do alone
- The largest owner holds 100.0% of the shares, more than nine tenths. The owner is a company and can then buy out the other shareholders by compulsion (Norwegian Companies Act § 4-26), provided it also holds the corresponding share of the votes. Every other decision the owner can secure alone.
The owner is a Norwegian company.
Applies to the largest single owner in the shareholder register (2025). The articles can limit voting rights and owners can vote together, and we cannot see either. Ownership through other companies is not counted. - Control against ownership through the chain
- Frøy Kapital AS holds a majority at each of 2 links and so controls the company, but owns at least 61% of it itself.
The top owner is the highest we can establish, and it can itself be owned by others. The figure is «at least» because other routes between the owner and the company only add to it. The articles can limit voting rights, and we cannot see that. Shareholder register (2025).
Not financial advice. The index, rank, signals and advice are rule-based indications from the latest filed annual accounts. They are not a credit rating, an assessment of management or a recommendation to buy, sell or do business with the company. Read more
Questions and answers
How profitable is Fishbase Infrastructure AS?
The operating margin was 22.5% in 2025, against a median of 40.6% among companies in the Morning class Small in the same sector. Return on assets was 2.6%. The company made a loss before tax.
How solid is Fishbase Infrastructure AS?
The equity ratio was 30.5% in 2025 (median 27.3%). Debt-to-equity was 2.28 (median 2.34).
What is the liquidity of Fishbase Infrastructure AS like?
The current ratio was 0.24 in 2025 (median 1.27). Current assets did not cover current liabilities.
How does Fishbase Infrastructure AS compare in Eiendom?
Fishbase Infrastructure AS ranks 23,091 of 30,124 in Eiendom for 2025. Among companies in the Morning class Small it is number 4,017 of 5,128. Revenue changed by 14.3% from the year before.
Competitors
The 8 closest competitors in the same line of business, placed in the same matrix as the sector page: profitability up, resilience to the right. These are the companies the competitor analysis and the strategy report compare with.
Each bubble is a company: this company and its closest competitors in the same line of business and size, the same ones the competitor analysis uses. Placement is 0–100 against the whole sector and Morning company class: further right is more robust, higher up is more profitable. Bubble size is revenue. The light bubble and arrow show where the company stood the year before. Pick a profile to see fewer at a time.
| Company | Profile | Operating revenue | Operating margin | Score |
|---|---|---|---|---|
| Eiendom Farris Bad AS |  Cheetah |
49 MNOK | 79.3% | 56 |
| KLP Ferjemannsveien 10 AS |  Lion |
49 MNOK | 59.9% | 59 |
| Nordlaks Eiendom AS |  Beaver |
48 MNOK | 1.1% | 14 |
| Øvrehagen 2 AS | Lion |
48 MNOK | 79.1% | 70 |
| Fishbase Infrastructure AS (this company) | Beaver |
48 MNOK | 22.5% | 38 |
| Solheimsgata 21 AS | Cheetah |
48 MNOK | 71.0% | 55 |
| Ulstein Verft Eiendom AS | Lion |
48 MNOK | 61.4% | 51 |
| Lensmannslia 4 AS | Beaver |
48 MNOK | 26.2% | 34 |
| Asker Eiendomsselskap AS | Lion |
48 MNOK | 49.9% | 68 |
The selection is the closest in revenue within the same industry code. When you order, you can swap competitors. Order competitor analysis
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.
Group structure · 2025
36 companies in the group according to the shareholder register for 2025. A company counts as a subsidiary when a Norwegian company owns more than half of its shares.
Private persons own 51% of the shares in Gåsø Næringsutvikling AS. Persons are not shown by name.
Group accounts. Gåsø Næringsutvikling AS for 2025: index 46 of 100, number 39 of 68 groups. See the group accounts
The group in figures
- Sectors
- Sjømat (11 companies), Sjøfart (6 companies), Forretningsmessig tjenesteyting (4 companies), Teknisk tjenesteyting og forskning (1 company), Eiendom (7 companies), Bygg og anlegg (1 company) and 3 more 34 of 36 companies in the tree have accounts with us. Sectors are sorted by the companies' own revenue, which includes sales between the group's companies.
- Employees in Norway
- 172 in all. Frøya 69, Dønna 34, Trondheim 33, Ørland 23, Hitra 13 Registered employees in the Central Coordinating Register, by the municipality of the business address. Employees may work elsewhere.
- Negative equity
- 5 companies: Systembygg AS, Arctic Cod AS, Norwegian Cod Company AS, Frøy Fritid AS, Aqua 4 AS
- Loss
- 17 companies: Frøy Havbruk AS, Fishbase Infrastructure AS, Njord Aquashipping AS, Frøy Eiendom AS, Mix & Match AS, Arctic Cod AS …
- Changed 2024–2025
- 1 company joined the group: FM Midt Boliger AS.
A subsidiary with negative equity or a loss may be backed by the group, for example with group contributions or guarantees. It is an indication of what is worth asking about, not an assessment.
-
Gåsø Næringsutvikling AS
-
Frøy Kapital AS
-
Fishbase Group AS
- Fishbase Infrastructure AS you are here
- Fishbase Salmon AS
- Arctic Cod AS
- Norwegian Cod Company AS
- Frøy Havbruk AS
- Oceantech Innovation AS
- Helgeland Laks AS
-
Njord Aquashipping AS
- Njord Kya AS
- Njord Pioner AS
- Org. no. 932316714
- Org. no. 934036603
- Frøyco 9 AS
-
- Systembygg AS
- Frøy Eiendom AS
- Blått Kompetansesenter Eiendom AS
- Frøy Utvikling AS
- Twins AS
- Siholmen AS
- Mix & Match AS
- Kåk Eiendom AS
- Frøy Sjøtransport AS
-
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.
Source: the Norwegian Tax Administration's shareholder register 2025 (majority owner with more than 50 % of the shares). Voting agreements and ownership through other countries are not included.
Ownership and roles
Loading roles …
Source: Central Coordinating Register, fetched 3 November 2026. Only names are shown.
Shareholders (2025)
- Number of shareholders
- 1 (one owner)
- Largest owner
- 100.0%
- Split
- companies 100% · private persons 0% · foreign 0%
- Owned from the same municipality
- 100%
- Group chain
-
Owned by: Fishbase Group AS (100%)
Ultimate owner: private person
- Fishbase Group AS · 100.0%
The company is new in the shareholder register in 2025.
Source: the Norwegian Tax Administration's shareholder register as of 2025. Figures may be older than today's ownership. Private persons are not shown by name.
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.
Is this your company? Suggest changes or add information
Figures last fetched 8 November 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 27 | 41 | 38 | |
| Rank | 23,346 | 20,174 | 23,091 | |
| Operating margin | 13.4% | 30.8% | 22.5% | |
| Return on assets | 2.3% | 4.3% | 2.6% | |
| Equity ratio | 16.5% | 11.9% | 30.5% | |
| Current ratio | 0.84 | 0.71 | 0.24 | |
| Revenue growth | – | 11.5% | 14.3% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 37.9 MNOK | 42.2 MNOK | 48.3 MNOK |
| Operating profit | 5.1 MNOK | 13.0 MNOK | 10.9 MNOK |
| Profit before tax | −2.9 MNOK | −1.7 MNOK | −4.7 MNOK |
| Tax expense | −0.6 MNOK | −0.4 MNOK | −1.2 MNOK |
| Net profit | −2.3 MNOK | −1.4 MNOK | −3.5 MNOK |
| Financial expenses | 8.0 MNOK | 14.9 MNOK | 15.9 MNOK |
| Total assets | 226.4 MNOK | 302.4 MNOK | 429.3 MNOK |
| Current assets | 6.8 MNOK | 12.9 MNOK | 3.9 MNOK |
| Equity | 37.5 MNOK | 36.1 MNOK | 131.0 MNOK |
| Retained earnings | −1.8 MNOK | −3.2 MNOK | 42.5 MNOK |
| Total liabilities | 189.0 MNOK | 266.3 MNOK | 298.3 MNOK |
| Current liabilities | 8.1 MNOK | 18.2 MNOK | 16.2 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 8 November 2026, accounts id 7182583.
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News and announcements
- 12 November 2025 Kapital (opens in a new tab) Source: Brønnøysundregistrene
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