KVALNES KYSTFISKE AS
Accounts for 2025 are missing. The deadline was 31 July 2026. The Brønnøysund Register Centre does not publish when accounts arrived, only the latest year filed.
Score · fiscal year 2024
38of 100
How to read this: the company is ahead of 31 % of small companies in the same sector in 2024. What does this mean?
Rank: 2,785 of 3,976 · Sjømat
Profile
Beaver · Builder
Lower profitability, lower solidity
Position against comparable companies in 2024, not a verdict on the company. Based on profitability 34 and solidity 19 out of 100 among small companies in the same sector in 2024. Methodology
Against the sector
KVALNES KYSTFISKE AS is 12 points below the median for small companies in the same sector in 2024.
Median score 50 among 3,476 companies.
Against small companies in the same sector in 2024: operating margin −4.6% (median 3.7%) and equity ratio 9.0% (median 35.6%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 1 MNOK | 1 MNOK |
| Operating margin | −4.6% | 3.7% |
| Profit margin | −16.2% | 0.8% |
| Return on assets | −3.3% | 1.2% |
| Equity ratio | 9.0% | 35.6% |
| Debt-to-equity | 10.11 | 0.96 |
| Current ratio | 2.45 | 1.52 |
| Revenue growth | −22.9% | −5.9% |
The median and “ahead of” refer to small companies in the same sector in 2024. The bar shows the share of companies the figure is ahead of.
With an index of 38, KVALNES KYSTFISKE AS does better than 31% of small companies in the same sector (3,481 companies) in 2024.
Score 2022–2024
- KVALNES KYSTFISKE AS
- Median: small companies in the same sector
KVALNES KYSTFISKE AS has a score of 38 for 2024, rank 2,785 of 3,976 in the sector.
Strongest: Liquidity: percentile 63 against peers, current ratio 2.45 against a median of 1.52.
Weakest: Solidity: percentile 19 against peers, equity ratio 9.0% against a median of 35.6%. Growth: percentile 31 against peers, revenue growth −22.9% against a median of −5.9%.
Worth a closer look
- The equity ratio is very low. Could the company absorb a bad year, and does it need more equity? Based on: equity ratio 9.0% (median 35.6%).
- The company made a loss before tax. Are these one-off items or a pattern? Based on: profit margin −16.2% (median 0.8%).
- What lies behind weak solidity, 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
KVALNES KYSTFISKE AS had an operating margin of −4.6% and an equity ratio of 9.0% in 2024, and ranks 2,785 of 3,976 in Sjømat.
From 2023 to 2024: the operating margin fell from 45.6% to −4.6% and went from a profit to a loss before tax.
KVALNES KYSTFISKE AS did about the same as the sector in 2022, the sector's weakest year.
This text is generated automatically from the 2024 accounts.
Three simple methods
One method gives a figure: 0 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | 0 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 equity ratio is very low. Could the company absorb a bad year, and does it need more equity?
Based on: Equity ratio 9.0% (median 35.6%).
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −16.2% (median 0.8%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 9.5% of the debt in 2024. The policy rate averaged 4.50 % 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
The operating margin was 13.1% in 2022 (sector median −5.0%), and the equity ratio −11.4%. In the other years the operating margin averaged 20.5%.
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 | 34 | weight 30% |
|---|---|---|
| Solidity | 19 | weight 25% |
| Liquidity | 63 | weight 15% |
| Growth | 31 | weight 15% |
| Consistency | 59 | weight 15% |
Durability: 51 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is KVALNES KYSTFISKE AS?
The operating margin was −4.6% in 2024, against a median of 3.7% among small companies in the same sector. Return on assets was −3.3%. The company made a loss before tax.
How solid is KVALNES KYSTFISKE AS?
The equity ratio was 9.0% in 2024 (median 35.6%). Debt-to-equity was 10.11 (median 0.96).
What is the liquidity of KVALNES KYSTFISKE AS like?
The current ratio was 2.45 in 2024 (median 1.52).
How does KVALNES KYSTFISKE AS compare in Sjømat?
KVALNES KYSTFISKE AS ranks 2,785 of 3,976 in Sjømat for 2024. Among companies of the same size (small companies) it ranks 2,409 of 3,481. Revenue changed by −22.9% from the year before.
From the Central Coordinating Register
- Org. no.
- 925552542
- Legal form
- AS
- Sector
- Sjømat (03.110)
- Size tier
- small
- Employees
- 0–4 (not registered)
- Founded
- 16 June 2020 6 years in operation
- Share capital
- 0.10 MNOK
- Business address
- Havneveien 42, 8063 VÆRØY
- Municipality
- Værøy rank 24 of 25 in KOSTRA group 14
- Audit
- Audit opted out from 28 August 2020
- Latest accounts filed
- 2024
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
- Ove Eivind Kvalnes
- Chair of the board
- Ove Eivind Kvalnes
- Board member
- Dag Ivar Kvalnes
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 27 October 2026.
Year by year · 2022–2024
| Key figure | 2022 | 2023 | 2024 | Trend |
|---|---|---|---|---|
| Index | 50 | 65 | 38 | |
| Rank | 22 | 873 | 2,785 | |
| Operating margin | 13.1% | 45.6% | −4.6% | |
| Return on assets | 11.8% | 36.8% | −3.3% | |
| Equity ratio | −11.4% | 17.6% | 9.0% | |
| Current ratio | 1.35 | 4.03 | 2.45 | |
| Revenue growth | – | 12.3% | −22.9% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2022 | 2023 | 2024 |
|---|---|---|---|
| Operating revenue | 1.0 MNOK | 1.2 MNOK | 0.9 MNOK |
| Operating profit | 0.1 MNOK | 0.5 MNOK | 0.0 MNOK |
| Profit before tax | 0.1 MNOK | 0.4 MNOK | −0.1 MNOK |
| Net profit | 0.1 MNOK | 0.4 MNOK | −0.1 MNOK |
| Financial expenses | 0.1 MNOK | 0.1 MNOK | 0.1 MNOK |
| Total assets | 1.2 MNOK | 1.5 MNOK | 1.2 MNOK |
| Current assets | 0.2 MNOK | 0.5 MNOK | 0.3 MNOK |
| Equity | −0.1 MNOK | 0.3 MNOK | 0.1 MNOK |
| Retained earnings | −0.2 MNOK | 0.2 MNOK | 0.0 MNOK |
| Total liabilities | 1.3 MNOK | 1.2 MNOK | 1.1 MNOK |
| Current liabilities | 0.1 MNOK | 0.1 MNOK | 0.1 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 27 October 2026, accounts id 6332269.
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