THR HOLDING 1 AS
Score · fiscal year 2025
59of 100
How to read this: the company is ahead of 70 % of medium-sized companies in the same sector in 2025. What does this mean?
Rank: 1,251 of 4,157 · 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 99 out of 100 among medium-sized companies in the same sector in 2025. Methodology
Against the sector
THR HOLDING 1 AS is 10 points above the median for medium-sized companies in the same sector in 2025.
Median score 49 among 461 companies.
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating margin | – | 10.6% |
| Profit margin | – | 7.5% |
| Return on assets | −0.1% | 7.7% |
| Equity ratio | 100.0% | 41.4% |
| Debt-to-equity | 0.00 | 1.37 |
| Current ratio | 5.95 | 1.70 |
| Revenue growth | – | 8.6% |
The median and “ahead of” refer to medium-sized companies in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 59, THR HOLDING 1 AS does better than 70% of medium-sized companies in the same sector (461 companies) in 2025.
Score 2023–2025
- THR HOLDING 1 AS
- Median: medium-sized companies in the same sector
THR HOLDING 1 AS has a score of 59 for 2025, rank 1,251 of 4,157 in the sector.
Strongest: Solidity: percentile 99 against peers, equity ratio 100.0% against a median of 41.4%. Liquidity: percentile 87 against peers, current ratio 5.95 against a median of 1.70.
Weakest: Profitability: percentile 14 against peers.
Worth a closer look
- The company made a loss before tax. Are these one-off items or a pattern? Based on: profit margin – (median 7.5%).
- 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
What the numbers say
THR HOLDING 1 AS had an operating margin of – and an equity ratio of 100.0% in 2025, and ranks 1,251 of 4,157 in Sjømat.
From 2024 to 2025: went from a profit to a loss before tax.
This text is generated automatically from the 2025 accounts.
Three simple methods
One method gives a figure: 352 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | 352 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 – (median 7.5%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Data quality
- watch Revenue not reported
- watch No revenue but large assets
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 | 99 | weight 25% |
| Liquidity | 87 | weight 15% |
| Growth | – | no data, left out |
| Consistency | 52 | weight 15% |
Durability: 62 (average over 3 years)
Index version 2. Data completeness 85%: the share of the weights that had data.
Questions and answers
How profitable is THR HOLDING 1 AS?
The operating margin was – in 2025, against a median of 10.6% among medium-sized companies in the same sector. Return on assets was −0.1%. The company made a loss before tax.
How solid is THR HOLDING 1 AS?
The equity ratio was 100.0% in 2025 (median 41.4%). Debt-to-equity was 0.00 (median 1.37).
What is the liquidity of THR HOLDING 1 AS like?
The current ratio was 5.95 in 2025 (median 1.70).
How does THR HOLDING 1 AS compare in Sjømat?
THR HOLDING 1 AS ranks 1,251 of 4,157 in Sjømat for 2025. Among companies of the same size (medium-sized companies) it ranks 138 of 461.
Group accounts · 2025
31 of 100
Rank 825 of 975 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 | 11.5% | – |
| Return on assets | 2.0% | −0.1% |
| Equity ratio | 10.1% | 100.0% |
| Current ratio | 0.64 | 5.95 |
| Revenue growth | 23.3% | – |
Group index in earlier years: 2023: 17 (1096 of 1176), 2024: 33 (809 of 994).
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 2025 (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.
- 921800479
- Legal form
- AS
- Sector
- Sjømat (03.110)
- Size tier
- medium
- Employees
- 0–4 (not registered)
- Founded
- 22 November 2018 7 years in operation
- Share capital
- 0.04 MNOK
- Business address
- Flatholmen havn 85, 6002 ÅLESUND
- Municipality
- Ålesund rank 2–6 of 10 in KOSTRA group 11
- 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
- Chair of the board
- Helge Kittilsen
- Board member
- Tore Harald Roaldsnes
- Auditor
- BDO 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 | 68 | 60 | 59 | |
| Rank | 683 | 1,161 | 1,251 | |
| Operating margin | – | – | – | |
| Return on assets | 0.0% | 0.2% | −0.1% | |
| Equity ratio | 100.0% | 100.0% | 100.0% | |
| Current ratio | 349.16 | 12.64 | 5.95 | |
| Revenue growth | – | – | – |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | – | – | – |
| Operating profit | −0.1 MNOK | −0.2 MNOK | −0.2 MNOK |
| Profit before tax | −0.1 MNOK | 0.8 MNOK | −0.2 MNOK |
| Net profit | −0.1 MNOK | 0.8 MNOK | −0.2 MNOK |
| Financial expenses | – | – | – |
| Total assets | 354.2 MNOK | 352.6 MNOK | 352.5 MNOK |
| Current assets | 2.6 MNOK | 1.0 MNOK | 0.9 MNOK |
| Equity | 354.2 MNOK | 352.5 MNOK | 352.3 MNOK |
| Retained earnings | 354.2 MNOK | 352.5 MNOK | 352.3 MNOK |
| Total liabilities | 0.0 MNOK | 0.1 MNOK | 0.2 MNOK |
| Current liabilities | 0.0 MNOK | 0.1 MNOK | 0.2 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 7181353.
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