NORCOAST AS
Score · fiscal year 2023
46of 100
How to read this: the company is ahead of 43 % of small companies in the same sector in 2023. What does this mean?
Rank: 2,149 of 3,738 · Sjømat
Profile
Cheetah · Sprinter
High profitability, lower solidity
Position against comparable companies in 2023, not a verdict on the company. Based on profitability 58 and solidity 42 out of 100 among small companies in the same sector in 2023. Methodology
Against the sector
NORCOAST AS is 4 points below the median for small companies in the same sector in 2023.
Median score 50 among 3,282 companies.
Against small companies in the same sector in 2023: operating margin 1.1% (median 9.0%) and equity ratio 33.3% (median 35.9%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 22 MNOK | 2 MNOK |
| Operating margin | 1.1% | 9.0% |
| Profit margin | 0.9% | 5.5% |
| Return on assets | 15.0% | 2.7% |
| Equity ratio | 33.3% | 35.9% |
| Debt-to-equity | 2.00 | 1.08 |
| Current ratio | 1.05 | 1.66 |
| Revenue growth | – | 10.5% |
| Revenue per employee | 1.21 MNOK | 1.60 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 46, NORCOAST AS does better than 43% of small companies in the same sector (3,284 companies) in 2023.
Score 2023–2025
- NORCOAST AS
- Median: small companies in the same sector
What the numbers say
NORCOAST AS had an operating margin of 1.1% and an equity ratio of 33.3% in 2023, and ranks 2,149 of 3,738 in Sjømat.
This text is generated automatically from the 2023 accounts.
Three simple methods
The methods give between 1 MNOK and 3 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 2 MNOK |
| EV/EBIT | 8.0 | 3 MNOK |
| P/B | 1.0 | 1 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
No rules were triggered for this year.
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 6.9% 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
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 −5.0%. 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 | 58 | weight 30% |
|---|---|---|
| Solidity | 42 | weight 25% |
| Liquidity | 35 | weight 15% |
| Growth | – | no data, left out |
| Consistency | 38 | weight 15% |
Index version 2. Data completeness 85%: the share of the weights that had data.
Questions and answers
How profitable is NORCOAST AS?
The operating margin was 1.1% in 2023, against a median of 9.0% among small companies in the same sector. Return on assets was 15.0%.
How solid is NORCOAST AS?
The equity ratio was 33.3% in 2023 (median 35.9%). Debt-to-equity was 2.00 (median 1.08).
What is the liquidity of NORCOAST AS like?
The current ratio was 1.05 in 2023 (median 1.66).
How does NORCOAST AS compare in Sjømat?
NORCOAST AS ranks 2,149 of 3,738 in Sjømat for 2023. Among companies of the same size (small companies) it ranks 1,876 of 3,284.
From the Central Coordinating Register
- Org. no.
- 921000839
- Legal form
- AS
- Sector
- Sjømat (10.202)
- Size tier
- small
- Employees
- 18 registered 10 August 2026
- Founded
- 27 April 2018 8 years in operation
- Share capital
- 0.25 MNOK
- Business address
- Geilevika, 6055 GODØYA (GISKE)
- Municipality
- Giske rank 8 of 40 in KOSTRA group 1
- 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
- Chris Fredrik Auflem Lorenzen
- Chair of the board
- Hans Kristian Mikkelsen
- Board member
- Chris Fredrik Auflem Lorenzen
- Auditor
- MOA REVISJON AS
- Accountant
- NOMIA AS
Source: Central Coordinating Register, fetched 29 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 | 46 | 28 | 25 | |
| Rank | 2,149 | 3,274 | 3,582 | |
| Operating margin | 1.1% | −2.3% | −1.0% | |
| Return on assets | 15.0% | −23.5% | −7.4% | |
| Equity ratio | 33.3% | 7.2% | −4.7% | |
| Current ratio | 1.05 | 0.82 | 0.48 | |
| Revenue growth | – | −8.2% | 10.9% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 21.7 MNOK | 20.0 MNOK | 22.1 MNOK |
| Operating profit | 0.2 MNOK | −0.5 MNOK | −0.2 MNOK |
| Profit before tax | 0.2 MNOK | −0.5 MNOK | −0.2 MNOK |
| Net profit | 0.2 MNOK | −0.5 MNOK | −0.2 MNOK |
| Financial expenses | 0.1 MNOK | 0.1 MNOK | 0.1 MNOK |
| Total assets | 2.0 MNOK | 1.8 MNOK | 2.2 MNOK |
| Current assets | 1.4 MNOK | 1.4 MNOK | 0.9 MNOK |
| Equity | 0.7 MNOK | 0.1 MNOK | −0.1 MNOK |
| Retained earnings | 0.0 MNOK | −0.5 MNOK | −0.7 MNOK |
| Total liabilities | 1.3 MNOK | 1.7 MNOK | 2.3 MNOK |
| Current liabilities | 1.3 MNOK | 1.7 MNOK | 1.8 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 4925579.
Further
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