THULE MARINE AS
Score · fiscal year 2025
36of 100
How to read this: the company is ahead of 27 % of small companies in the same sector in 2025. What does this mean?
Rank: 2,507 of 3,375 · Sjømat
Profile
Elephant · Steward
Lower profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 1 and solidity 96 out of 100 among small companies in the same sector in 2025. Methodology
Against the sector
THULE MARINE AS is 13 points below the median for small companies in the same sector in 2025.
Median score 49 among 2,962 companies.
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating margin | – | 10.0% |
| Profit margin | – | 6.7% |
| Return on assets | −542.3% | 2.7% |
| Equity ratio | 100.0% | 32.6% |
| Debt-to-equity | 0.00 | 1.16 |
| Current ratio | 0.41 | 1.55 |
| Revenue growth | – | 16.0% |
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 36, THULE MARINE AS does better than 27% of small companies in the same sector (2,988 companies) in 2025.
Score 2023–2025
- THULE MARINE AS
- Median: small companies in the same sector
THULE MARINE AS has a score of 36 for 2025, rank 2,507 of 3,375 in the sector.
Strongest: Solidity: percentile 96 against peers, equity ratio 100.0% against a median of 32.6%.
Weakest: Profitability: percentile 1 against peers. Liquidity: percentile 20 against peers, current ratio 0.41 against a median of 1.55.
Worth a closer look
- Consider strengthening liquidity: current liabilities are 2.4 times current assets. Based on: current ratio 0.41 (median 1.55).
- The company made a loss before tax. Are these one-off items or a pattern? Based on: profit margin – (median 6.7%).
- 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
THULE MARINE AS had an operating margin of – and an equity ratio of 100.0% in 2025, and ranks 2,507 of 3,375 in Sjømat.
No large changes in the key figures from 2024 to 2025.
This text is generated automatically from the 2025 accounts.
Three simple methods
One method gives a figure: 3 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | 3 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
- critical
Consider strengthening liquidity: current liabilities are 2.4 times current assets.
Based on: Current ratio 0.41 (median 1.55).
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin – (median 6.7%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Data quality
- watch Revenue not reported
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 −1.7%. 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 | 1 | weight 30% |
|---|---|---|
| Solidity | 96 | weight 25% |
| Liquidity | 20 | weight 15% |
| Growth | – | no data, left out |
| Consistency | 22 | weight 15% |
Durability: 53 (average over 3 years)
Index version 2. Data completeness 85%: the share of the weights that had data.
Questions and answers
How profitable is THULE MARINE AS?
The operating margin was – in 2025, against a median of 10.0% among small companies in the same sector. Return on assets was −542.3%. The company made a loss before tax.
How solid is THULE MARINE AS?
The equity ratio was 100.0% in 2025 (median 32.6%). Debt-to-equity was 0.00 (median 1.16).
What is the liquidity of THULE MARINE AS like?
The current ratio was 0.41 in 2025 (median 1.55). Current assets did not cover current liabilities.
How does THULE MARINE AS compare in Sjømat?
THULE MARINE AS ranks 2,507 of 3,375 in Sjømat for 2025. Among companies of the same size (small companies) it ranks 2,177 of 2,988.
Group accounts
The company is registered as part of a group, but we have no group accounts for it. Group accounts are filed by the parent company, and open data does not say which company that is.
Read the figures with care: a company in a group can look strong because of group contributions, or weak because dividends go up to the parent. The figures are indications, not the full picture.
We do not show the group structure, because open data does not say who owns whom.
From the Central Coordinating Register
- Org. no.
- 926769111
- Legal form
- AS · part of a group
- Sector
- Sjømat (03.211)
- Size tier
- small
- Employees
- 0–4 (not registered)
- Founded
- 18 February 2021 5 years in operation
- Share capital
- 45.59 MNOK
- Business address
- Pirsenteret, Havnegata 9, 7010 TRONDHEIM
- Municipality
- Trondheim rank 3–7 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
- Chair of the board
- Edvard Henden
- Board member
- Are Hammervik Strand
- Auditor
- BDO AS
- Accountant
- SPAREBANK 1 ØKONOMIPARTNER NORDMØRE 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 27 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 60 | 63 | 36 | |
| Rank | 924 | 796 | 2,507 | |
| Operating margin | – | – | – | |
| Return on assets | −0.1% | −0.1% | −542.3% | |
| Equity ratio | 100.0% | 100.0% | 100.0% | |
| Current ratio | – | 3.26 | 0.41 | |
| Revenue growth | – | – | – |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | – | – | – |
| Operating profit | 0.0 MNOK | 0.0 MNOK | −13.9 MNOK |
| Profit before tax | 0.0 MNOK | 0.0 MNOK | −43.4 MNOK |
| Net profit | 0.0 MNOK | 0.0 MNOK | −43.4 MNOK |
| Financial expenses | – | – | 29.5 MNOK |
| Total assets | 46.0 MNOK | 45.9 MNOK | 2.6 MNOK |
| Current assets | 0.1 MNOK | 0.0 MNOK | 0.0 MNOK |
| Equity | 46.0 MNOK | 45.9 MNOK | 2.6 MNOK |
| Retained earnings | −0.1 MNOK | −0.1 MNOK | −43.5 MNOK |
| Total liabilities | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Current liabilities | – | 0.0 MNOK | 0.0 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 27 October 2026, accounts id 7207570.
Further
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