ELEVATE OCEAN AS
Score · fiscal year 2023
51of 100
How to read this: the company is ahead of 53 % of small companies in the same sector in 2023. What does this mean?
Rank: 1,778 of 3,738 · Sjømat
Profile
Elephant · Steward
Lower profitability, high solidity
Position against comparable companies in 2023, not a verdict on the company. Based on profitability 13 and solidity 90 out of 100 among small companies in the same sector in 2023. Methodology
Against the sector
ELEVATE OCEAN AS is 1 points above 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 −144.6% (median 9.0%) and equity ratio 97.8% (median 35.9%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 0 MNOK | 2 MNOK |
| Operating margin | −144.6% | 9.0% |
| Profit margin | −144.9% | 5.5% |
| Return on assets | −12.5% | 2.7% |
| Equity ratio | 97.8% | 35.9% |
| Debt-to-equity | 0.02 | 1.08 |
| Current ratio | 44.43 | 1.66 |
| Revenue growth | – | 10.5% |
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 51, ELEVATE OCEAN AS does better than 53% of small companies in the same sector (3,284 companies) in 2023.
Score 2023–2025
- ELEVATE OCEAN AS
- Median: small companies in the same sector
What the numbers say
ELEVATE OCEAN AS had an operating margin of −144.6% and an equity ratio of 97.8% in 2023, and ranks 1,778 of 3,738 in Sjømat.
This text is generated automatically from the 2023 accounts.
Three simple methods
One method gives a figure: 5 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | 5 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 −144.9% (median 5.5%).
- 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 −144.6% (median 9.0%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 1.0% 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
- watch Extreme margin: check 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 | 13 | weight 30% |
|---|---|---|
| Solidity | 90 | weight 25% |
| Liquidity | 95 | weight 15% |
| Growth | – | no data, left out |
| Consistency | 19 | weight 15% |
Index version 2. Data completeness 85%: the share of the weights that had data.
Questions and answers
How profitable is ELEVATE OCEAN AS?
The operating margin was −144.6% in 2023, against a median of 9.0% among small companies in the same sector. Return on assets was −12.5%. The company made a loss before tax.
How solid is ELEVATE OCEAN AS?
The equity ratio was 97.8% in 2023 (median 35.9%). Debt-to-equity was 0.02 (median 1.08).
What is the liquidity of ELEVATE OCEAN AS like?
The current ratio was 44.43 in 2023 (median 1.66).
How does ELEVATE OCEAN AS compare in Sjømat?
ELEVATE OCEAN AS ranks 1,778 of 3,738 in Sjømat for 2023. Among companies of the same size (small companies) it ranks 1,559 of 3,284.
From the Central Coordinating Register
- Org. no.
- 924685093
- Legal form
- AS
- Sector
- Sjømat (03.221)
- Size tier
- small
- Employees
- 0–4 (not registered)
- Founded
- 13 February 2020 6 years in operation
- Share capital
- 0.13 MNOK
- Business address
- Thormøhlens gate 51, 5006 BERGEN
- Municipality
- Bergen rank 8 of 11 in KOSTRA group 12
- Audit
- Audit opted out from 2 March 2020
- 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
- Aslak Heining
- Chair of the board
- Jon-Terje Lepsøy
- Board member
- Dag Vikar Skansen
- Board member
- Vidar Bjørgsvik
- Board member
- Terje Sæverud
- Accountant
- ECORA REGNSKAP 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 | 51 | 32 | 45 | |
| Rank | 1,778 | 3,089 | 2,502 | |
| Operating margin | −144.6% | −9,207.5% | −15.9% | |
| Return on assets | −12.5% | −71.9% | −11.6% | |
| Equity ratio | 97.8% | 74.6% | 77.2% | |
| Current ratio | 44.43 | 4.01 | 0.74 | |
| Revenue growth | – | −93.8% | 11,965.0% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 0.5 MNOK | 0.0 MNOK | 3.5 MNOK |
| Operating profit | −0.7 MNOK | −2.6 MNOK | −0.5 MNOK |
| Profit before tax | −0.7 MNOK | −2.6 MNOK | −0.5 MNOK |
| Net profit | −0.7 MNOK | −2.6 MNOK | 0.5 MNOK |
| Financial expenses | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Total assets | 5.3 MNOK | 3.5 MNOK | 4.4 MNOK |
| Current assets | 5.3 MNOK | 1.4 MNOK | 0.5 MNOK |
| Equity | 5.2 MNOK | 2.6 MNOK | 3.4 MNOK |
| Retained earnings | −1.0 MNOK | −3.6 MNOK | −3.1 MNOK |
| Total liabilities | 0.1 MNOK | 0.9 MNOK | 1.0 MNOK |
| Current liabilities | 0.1 MNOK | 0.3 MNOK | 0.6 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 5233057.
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