NORAY HOLDING AS
Score · fiscal year 2025
54of 100
How to read this: the company is ahead of 60 % of medium-sized companies in the same sector in 2025. What does this mean?
Rank: 1,664 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 16 and solidity 100 out of 100 among medium-sized companies in the same sector in 2025. Methodology
Against the sector
NORAY HOLDING AS is 5 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 | 0.0% | 7.7% |
| Equity ratio | 100.0% | 41.4% |
| Debt-to-equity | 0.00 | 1.37 |
| Current ratio | 1,043.04 | 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 54, NORAY HOLDING AS does better than 60% of medium-sized companies in the same sector (461 companies) in 2025.
Score over time
Score over time needs at least two fiscal years with a score. It will appear when next year's figures are fetched or history is imported.
NORAY HOLDING AS has a score of 54 for 2025, rank 1,664 of 4,157 in the sector.
Strongest: Liquidity: percentile 100 against peers, current ratio 1,043.04 against a median of 1.70. Solidity: percentile 100 against peers, equity ratio 100.0% against a median of 41.4%.
Weakest: Consistency: percentile 9 against peers. Profitability: percentile 16 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 consistency, and will it last?
- 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
NORAY HOLDING AS had an operating margin of – and an equity ratio of 100.0% in 2025, and ranks 1,664 of 4,157 in Sjømat.
This text is generated automatically from the 2025 accounts.
Three simple methods
One method gives a figure: 109 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | 109 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.
Financial costs were 58.2% 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
- 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 | 16 | weight 30% |
|---|---|---|
| Solidity | 100 | weight 25% |
| Liquidity | 100 | weight 15% |
| Growth | – | no data, left out |
| Consistency | 9 | weight 15% |
Index version 2. Data completeness 85%: the share of the weights that had data.
Questions and answers
How profitable is NORAY HOLDING 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 0.0%. The company made a loss before tax.
How solid is NORAY HOLDING 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 NORAY HOLDING AS like?
The current ratio was 1,043.04 in 2025 (median 1.70).
How does NORAY HOLDING AS compare in Sjømat?
NORAY HOLDING AS ranks 1,664 of 4,157 in Sjømat for 2025. Among companies of the same size (medium-sized companies) it ranks 187 of 461.
From the Central Coordinating Register
- Org. no.
- 934185625
- Legal form
- AS
- Sector
- Sjømat (03.211)
- Size tier
- medium
- Employees
- 0–4 (not registered)
- Founded
- 20 August 2024 2 years in operation
- Share capital
- 0.12 MNOK
- Business address
- Tordenskiolds gate 3, 0160 OSLO
- Municipality
- Oslo rank 106–282 of 357 in Norway
- 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
- Ole Petter Gilbo
- Board member
- Paul Gamme
- Board member
- Bjørn Sigurd Aspheim
- Board member
- Julian Berger
- Auditor
- MOORE AS
- Accountant
- SANNTID 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 27 October 2026.
Year by year
Trends appear once there is more than one fiscal year.
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2025 |
|---|---|
| Operating revenue | – |
| Operating profit | 0.0 MNOK |
| Profit before tax | 0.0 MNOK |
| Net profit | 0.0 MNOK |
| Financial expenses | 0.0 MNOK |
| Total assets | 109.2 MNOK |
| Current assets | 9.0 MNOK |
| Equity | 109.2 MNOK |
| Retained earnings | 0.2 MNOK |
| Total liabilities | 0.0 MNOK |
| Current liabilities | 0.0 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 27 October 2026, accounts id 7094688.
Further
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