KERKO PROCESS AS
Score · fiscal year 2025
64of 100
How to read this: the company is ahead of 80 % of small companies in the same sector in 2025. What does this mean?
Rank: 401 of 2,035 · Sjøfart
Profile
Lion · Leader
High profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 73 and solidity 57 out of 100 among small companies in the same sector in 2025. Methodology
Against the sector
KERKO PROCESS AS is 14 points above the median for small companies in the same sector in 2025.
Median score 50 among 1,468 companies.
Against small companies in the same sector in 2025: operating margin 21.9% (median 8.4%) and equity ratio 65.1% (median 51.2%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 20 MNOK | 5 MNOK |
| Operating margin | 21.9% | 8.4% |
| Profit margin | 19.0% | 9.2% |
| Return on assets | 16.3% | 3.4% |
| Equity ratio | 65.1% | 51.2% |
| Debt-to-equity | 0.54 | 0.67 |
| Current ratio | 5.28 | 1.77 |
| Revenue growth | −5.5% | 1.2% |
| Revenue per employee | 1.07 MNOK | 1.35 MNOK |
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 64, KERKO PROCESS AS does better than 80% of small companies in the same sector (1,475 companies) in 2025.
Score 2023–2025
- KERKO PROCESS AS
- Median: small companies in the same sector
KERKO PROCESS AS has a score of 64 for 2025, rank 401 of 2,035 in the sector.
Strongest: Consistency: percentile 81 against peers. Liquidity: percentile 73 against peers, current ratio 5.28 against a median of 1.77.
Weakest: Growth: percentile 34 against peers, revenue growth −5.5% against a median of 1.2%.
Worth a closer look
- 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
KERKO PROCESS AS had an operating margin of 21.9% and an equity ratio of 65.1% in 2025, and ranks 401 of 2,035 in Sjøfart.
From 2024 to 2025: the operating margin fell from 33.4% to 21.9% and the equity ratio rose from 36.8% to 65.1%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 18 MNOK and 40 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 36 MNOK |
| EV/EBIT | 8.0 | 40 MNOK |
| P/B | 1.0 | 18 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 6.5% 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 2026, the sector's weakest year, for this company.
The sector's weakest year was 2026, with a median operating margin of 6.1%. 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 | 73 | weight 30% |
|---|---|---|
| Solidity | 57 | weight 25% |
| Liquidity | 73 | weight 15% |
| Growth | 34 | weight 15% |
| Consistency | 81 | weight 15% |
Durability: 61 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is KERKO PROCESS AS?
The operating margin was 21.9% in 2025, against a median of 8.4% among small companies in the same sector. Return on assets was 16.3%.
How solid is KERKO PROCESS AS?
The equity ratio was 65.1% in 2025 (median 51.2%). Debt-to-equity was 0.54 (median 0.67).
What is the liquidity of KERKO PROCESS AS like?
The current ratio was 5.28 in 2025 (median 1.77).
How does KERKO PROCESS AS compare in Sjøfart?
KERKO PROCESS AS ranks 401 of 2,035 in Sjøfart for 2025. Among companies of the same size (small companies) it ranks 297 of 1,475. Revenue changed by −5.5% from the year before.
From the Central Coordinating Register
- Org. no.
- 921437935
- Legal form
- AS
- Sector
- Sjøfart (50.202)
- Size tier
- small
- Employees
- 19 registered 10 October 2026
- Founded
- 1 September 2018 8 years in operation
- Share capital
- 0.03 MNOK
- Business address
- Christian Michelsens gate 6B, 5012 BERGEN
- Municipality
- Bergen rank 9 of 11 in KOSTRA group 12
- 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
- Endre Haugland
- Chair of the board
- Kjell Haugland
- Board member
- Endre Haugland
- Board member
- Rasmus Drønen Haugland
- Auditor
- PRICEWATERHOUSECOOPERS 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 | 59 | 60 | 64 | |
| Rank | 553 | 527 | 401 | |
| Operating margin | 33.5% | 33.4% | 21.9% | |
| Return on assets | 21.4% | 18.4% | 16.3% | |
| Equity ratio | 24.0% | 36.8% | 65.1% | |
| Current ratio | 4.52 | 7.86 | 5.28 | |
| Revenue growth | – | −6.8% | −5.5% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 23.2 MNOK | 21.6 MNOK | 20.4 MNOK |
| Operating profit | 7.8 MNOK | 7.2 MNOK | 4.5 MNOK |
| Profit before tax | 6.2 MNOK | 5.7 MNOK | 3.9 MNOK |
| Net profit | 6.3 MNOK | 5.8 MNOK | 3.6 MNOK |
| Financial expenses | 1.6 MNOK | 1.6 MNOK | 0.6 MNOK |
| Total assets | 36.4 MNOK | 39.4 MNOK | 27.8 MNOK |
| Current assets | 10.3 MNOK | 17.0 MNOK | 9.4 MNOK |
| Equity | 8.7 MNOK | 14.5 MNOK | 18.1 MNOK |
| Retained earnings | 8.7 MNOK | 14.5 MNOK | 18.0 MNOK |
| Total liabilities | 27.6 MNOK | 24.9 MNOK | 9.7 MNOK |
| Current liabilities | 2.3 MNOK | 2.2 MNOK | 1.8 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 6957170.
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