KORSNES PROCESSING AS
Score · fiscal year 2025
26of 100
How to read this: the company is ahead of 17 % of small companies in the same sector in 2025. What does this mean?
Rank: 3,543 of 4,158 · Sjømat
Profile
Beaver · Builder
Lower profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 40 and solidity 14 out of 100 among small companies in the same sector in 2025. Methodology
Against the sector
KORSNES PROCESSING AS is 24 points below the median for small companies in the same sector in 2025.
Median score 50 among 3,607 companies.
Against small companies in the same sector in 2025: operating margin 0.5% (median 9.9%) and equity ratio 3.5% (median 36.4%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 66 MNOK | 2 MNOK |
| Operating margin | 0.5% | 9.9% |
| Profit margin | −1.8% | 6.6% |
| Return on assets | 1.0% | 3.1% |
| Equity ratio | 3.5% | 36.4% |
| Debt-to-equity | 27.59 | 1.03 |
| Current ratio | 0.21 | 1.66 |
| Revenue growth | – | 13.5% |
| Revenue per employee | 2.64 MNOK | 1.95 MNOK |
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 26, KORSNES PROCESSING AS does better than 17% of small companies in the same sector (3,639 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.
KORSNES PROCESSING AS has a score of 26 for 2025, rank 3,543 of 4,158 in the sector.
Strongest: Profitability: percentile 40 against peers, operating margin 0.5% against a median of 9.9%.
Weakest: Liquidity: percentile 13 against peers, current ratio 0.21 against a median of 1.66. Solidity: percentile 14 against peers, equity ratio 3.5% against a median of 36.4%.
Worth a closer look
- Consider strengthening liquidity: current liabilities are 4.9 times current assets. Based on: current ratio 0.21 (median 1.66).
- The equity ratio is very low. Could the company absorb a bad year, and does it need more equity? Based on: equity ratio 3.5% (median 36.4%).
- The company made a loss before tax. Are these one-off items or a pattern? Based on: profit margin −1.8% (median 6.6%).
- What lies behind weak solidity, 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
KORSNES PROCESSING AS had an operating margin of 0.5% and an equity ratio of 3.5% in 2025, and ranks 3,543 of 4,158 in Sjømat.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 1 MNOK and 3 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | 3 MNOK |
| P/B | 1.0 | 1 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 4.9 times current assets.
Based on: Current ratio 0.21 (median 1.66).
- watch
The equity ratio is very low. Could the company absorb a bad year, and does it need more equity?
Based on: Equity ratio 3.5% (median 36.4%).
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −1.8% (median 6.6%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 4.3% 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
No anomalies found in 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 | 40 | weight 30% |
|---|---|---|
| Solidity | 14 | weight 25% |
| Liquidity | 13 | weight 15% |
| Growth | – | no data, left out |
| Consistency | 32 | weight 15% |
Index version 2. Data completeness 85%: the share of the weights that had data.
Questions and answers
How profitable is KORSNES PROCESSING AS?
The operating margin was 0.5% in 2025, against a median of 9.9% among small companies in the same sector. Return on assets was 1.0%. The company made a loss before tax.
How solid is KORSNES PROCESSING AS?
The equity ratio was 3.5% in 2025 (median 36.4%). Debt-to-equity was 27.59 (median 1.03).
What is the liquidity of KORSNES PROCESSING AS like?
The current ratio was 0.21 in 2025 (median 1.66). Current assets did not cover current liabilities.
How does KORSNES PROCESSING AS compare in Sjømat?
KORSNES PROCESSING AS ranks 3,543 of 4,158 in Sjømat for 2025. Among companies of the same size (small companies) it ranks 3,030 of 3,639.
From the Central Coordinating Register
- Org. no.
- 934285018
- Legal form
- AS
- Sector
- Sjømat (10.203)
- Size tier
- small
- Employees
- 25 registered 10 October 2026
- Founded
- 12 September 2024 2 years in operation
- Share capital
- 2.50 MNOK
- Business address
- Korsnesveien 177, 8275 STORJORDA I TYSFJORDEN (HAMARØY)
- Municipality
- Hábmer rank 17–27 of 28 in KOSTRA group 6
- 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
- Sigurd Peter Rydland
- Board member
- Øyvind Johansen
- Auditor
- FAUSKE REVISJON AS
- Accountant
- ØKONOMIHUSET FAUSKE 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 | 65.9 MNOK |
| Operating profit | 0.3 MNOK |
| Profit before tax | −1.2 MNOK |
| Net profit | −1.2 MNOK |
| Financial expenses | 1.5 MNOK |
| Total assets | 37.0 MNOK |
| Current assets | 1.9 MNOK |
| Equity | 1.3 MNOK |
| Retained earnings | −1.2 MNOK |
| Total liabilities | 35.7 MNOK |
| Current liabilities | 9.1 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 27 October 2026, accounts id 7099107.
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