FJORD-HOLDING AS
Score · fiscal year 2025
41of 100
How to read this: the company is ahead of 33 % of small companies in the same sector in 2025. What does this mean?
Rank: 2,822 of 4,158 · Sjømat
Profile
Elephant · Steward
Lower profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 14 and solidity 70 out of 100 among small companies in the same sector in 2025. Methodology
Against the sector
FJORD-HOLDING AS is 9 points below the median for small companies in the same sector in 2025.
Median score 50 among 3,607 companies.
Against small companies in the same sector in 2025: operating margin −71.2% (median 9.9%) and equity ratio 73.1% (median 36.4%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 2 MNOK | 2 MNOK |
| Operating margin | −71.2% | 9.9% |
| Profit margin | −381.6% | 6.6% |
| Return on assets | −16.6% | 3.1% |
| Equity ratio | 73.1% | 36.4% |
| Debt-to-equity | 0.37 | 1.03 |
| Current ratio | 2.15 | 1.66 |
| Revenue growth | −2.2% | 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 41, FJORD-HOLDING AS does better than 33% of small companies in the same sector (3,639 companies) in 2025.
Score 2023–2025
- FJORD-HOLDING AS
- Median: small companies in the same sector
FJORD-HOLDING AS has a score of 41 for 2025, rank 2,822 of 4,158 in the sector.
Strongest: Solidity: percentile 70 against peers, equity ratio 73.1% against a median of 36.4%.
Weakest: Profitability: percentile 14 against peers, operating margin −71.2% against a median of 9.9%. Growth: percentile 31 against peers, revenue growth −2.2% against a median of 13.5%.
Worth a closer look
- The company made a loss before tax. Are these one-off items or a pattern? Based on: profit margin −381.6% (median 6.6%).
- The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors? Based on: operating margin −71.2% (median 9.9%).
- What lies behind weak profitability, and will it last?
- What lies behind weak growth, 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
FJORD-HOLDING AS had an operating margin of −71.2% and an equity ratio of 73.1% in 2025, and ranks 2,822 of 4,158 in Sjømat.
From 2024 to 2025: the operating margin fell from −0.4% to −71.2% and the equity ratio rose from 60.2% to 73.1%.
This text is generated automatically from the 2025 accounts.
Three simple methods
One method gives a figure: 12 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | 12 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 −381.6% (median 6.6%).
- 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 −71.2% (median 9.9%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 68.7% 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 −5.0%. 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 | 14 | weight 30% |
|---|---|---|
| Solidity | 70 | weight 25% |
| Liquidity | 57 | weight 15% |
| Growth | 31 | weight 15% |
| Consistency | 40 | weight 15% |
Durability: 46 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is FJORD-HOLDING AS?
The operating margin was −71.2% in 2025, against a median of 9.9% among small companies in the same sector. Return on assets was −16.6%. The company made a loss before tax.
How solid is FJORD-HOLDING AS?
The equity ratio was 73.1% in 2025 (median 36.4%). Debt-to-equity was 0.37 (median 1.03).
What is the liquidity of FJORD-HOLDING AS like?
The current ratio was 2.15 in 2025 (median 1.66).
How does FJORD-HOLDING AS compare in Sjømat?
FJORD-HOLDING AS ranks 2,822 of 4,158 in Sjømat for 2025. Among companies of the same size (small companies) it ranks 2,435 of 3,639. Revenue changed by −2.2% from the year before.
Group accounts · 2023
58 of 100
Rank 564 of 1541 groups with group accounts. Groups are ranked only against each other, not against single companies.
| Key figure | The group | The company alone (2025) |
|---|---|---|
| Operating margin | 8.2% | – |
| Return on assets | 27.8% | – |
| Equity ratio | 57.2% | – |
| Current ratio | 1.02 | – |
| Revenue growth | – | – |
Same formulas and weights as the company index. Group and company are never added together, and the group accounts are not part of sector averages or company rankings.
Source: Brønnøysund Register Centre, group accounts 2023 (open data, NLOD 2.0).
We do not show the group structure, because open data does not say who owns whom.
From the Central Coordinating Register
- Org. no.
- 921014449
- Legal form
- AS
- Sector
- Sjømat (03.110)
- Size tier
- small
- Employees
- 0–4 (not registered)
- Founded
- 20 March 2018 8 years in operation
- Share capital
- 0.15 MNOK
- Business address
- Abelnes 60, 4404 FLEKKEFJORD
- Municipality
- Flekkefjord rank 13–26 of 39 in KOSTRA group 4
- 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
- Rune Vatland
- Chair of the board
- Rune Vatland
- Board member
- May Grete Fladen Vatland
- Auditor
- TELL NORGE 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 | 53 | 45 | 41 | |
| Rank | 1,677 | 2,341 | 2,822 | |
| Operating margin | 4.9% | −0.4% | −71.2% | |
| Return on assets | 12.4% | −0.2% | −16.6% | |
| Equity ratio | 57.4% | 60.2% | 73.1% | |
| Current ratio | 0.32 | 1.38 | 2.15 | |
| Revenue growth | – | −41.8% | −2.2% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 2.7 MNOK | 1.5 MNOK | 1.5 MNOK |
| Operating profit | 0.1 MNOK | 0.0 MNOK | −1.1 MNOK |
| Profit before tax | −2.1 MNOK | −1.0 MNOK | −5.8 MNOK |
| Net profit | −2.0 MNOK | −0.9 MNOK | −5.5 MNOK |
| Financial expenses | 6.1 MNOK | 0.9 MNOK | 3.0 MNOK |
| Total assets | 32.0 MNOK | 29.1 MNOK | 16.4 MNOK |
| Current assets | 2.6 MNOK | 4.9 MNOK | 7.8 MNOK |
| Equity | 18.4 MNOK | 17.5 MNOK | 12.0 MNOK |
| Retained earnings | 6.8 MNOK | 5.9 MNOK | 0.4 MNOK |
| Total liabilities | 13.6 MNOK | 11.6 MNOK | 4.4 MNOK |
| Current liabilities | 8.0 MNOK | 3.6 MNOK | 3.6 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 7077176.
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