GUSTAV STOKKE HOLDING AS
Score · fiscal year 2025
56of 100
How to read this: the company is ahead of 64 % of small companies in the same sector in 2025. What does this mean?
Rank: 1,491 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 31 and solidity 93 out of 100 among small companies in the same sector in 2025. Methodology
Against the sector
GUSTAV STOKKE HOLDING AS is 6 points above the median for small companies in the same sector in 2025.
Median score 50 among 3,606 companies.
Against small companies in the same sector in 2025: operating margin −5,620.4% (median 9.9%) and equity ratio 98.9% (median 36.4%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 0 MNOK | 2 MNOK |
| Operating margin | −5,620.4% | 9.9% |
| Profit margin | 230,403.6% | 6.6% |
| Return on assets | 6.2% | 3.1% |
| Equity ratio | 98.9% | 36.4% |
| Debt-to-equity | 0.01 | 1.03 |
| Current ratio | 11.73 | 1.66 |
| Revenue growth | −100.0% | 13.5% |
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 56, GUSTAV STOKKE HOLDING AS does better than 64% of small companies in the same sector (3,638 companies) in 2025.
Score 2023–2025
- GUSTAV STOKKE HOLDING AS
- Median: small companies in the same sector
GUSTAV STOKKE HOLDING AS has a score of 56 for 2025, rank 1,491 of 4,157 in the sector.
Strongest: Solidity: percentile 93 against peers, equity ratio 98.9% against a median of 36.4%. Liquidity: percentile 87 against peers, current ratio 11.73 against a median of 1.66.
Weakest: Growth: percentile 3 against peers, revenue growth −100.0% against a median of 13.5%. Profitability: percentile 31 against peers, operating margin −5,620.4% against a median of 9.9%.
Worth a closer look
- The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors? Based on: operating margin −5,620.4% (median 9.9%).
- What lies behind weak growth, 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
GUSTAV STOKKE HOLDING AS had an operating margin of −5,620.4% and an equity ratio of 98.9% in 2025, and ranks 1,491 of 4,157 in Sjømat.
From 2024 to 2025: the operating margin fell from 10.0% to −5,620.4% and revenue fell by 100%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 92 MNOK and 224 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 92 MNOK |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | 224 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 operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors?
Based on: Operating margin −5,620.4% (median 9.9%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 98.6% 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 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 | 31 | weight 30% |
|---|---|---|
| Solidity | 93 | weight 25% |
| Liquidity | 87 | weight 15% |
| Growth | 3 | weight 15% |
| Consistency | 68 | weight 15% |
Durability: 65 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is GUSTAV STOKKE HOLDING AS?
The operating margin was −5,620.4% in 2025, against a median of 9.9% among small companies in the same sector. Return on assets was 6.2%.
How solid is GUSTAV STOKKE HOLDING AS?
The equity ratio was 98.9% in 2025 (median 36.4%). Debt-to-equity was 0.01 (median 1.03).
What is the liquidity of GUSTAV STOKKE HOLDING AS like?
The current ratio was 11.73 in 2025 (median 1.66).
How does GUSTAV STOKKE HOLDING AS compare in Sjømat?
GUSTAV STOKKE HOLDING AS ranks 1,491 of 4,157 in Sjømat for 2025. Among companies of the same size (small companies) it ranks 1,297 of 3,638. Revenue changed by −100.0% from the year before.
Group accounts · 2025
76 of 100
Rank 54 of 975 groups with group accounts. Groups are ranked only against each other, not against single companies.
| Key figure | The group | The company alone (2025) |
|---|---|---|
| Operating margin | 5.8% | −5,620.4% |
| Return on assets | 12.3% | 6.2% |
| Equity ratio | 91.5% | 98.9% |
| Current ratio | 8.95 | 11.73 |
| Revenue growth | −1.3% | −100.0% |
Group index in earlier years: 2023: 85 (58 of 1176), 2024: 83 (28 of 994).
Same formulas and weights as the company index. Group and company are never added together, and the group accounts are not part of sector averages or company rankings.
Source: Brønnøysund Register Centre, group accounts 2025 (open data, NLOD 2.0).
We do not show the group structure, because open data does not say who owns whom.
From the Central Coordinating Register
- Org. no.
- 937642903
- Legal form
- AS
- Sector
- Sjømat (10.201)
- Size tier
- small
- Employees
- 0–4 (not registered)
- Founded
- 2 January 1986 40 years in operation
- Share capital
- 9.00 MNOK
- Business address
- Gustav Stokkes veg 21, 6057 ELLINGSØY (ÅLESUND)
- Municipality
- Ålesund rank 2–6 of 10 in KOSTRA group 11
- Latest accounts filed
- 2025
- Website
- www.codfish.no
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
- Kjetil Tennfjord Aarseth
- Chair of the board
- Nils Helge Aarseth
- Board member
- Susanne Tennfjord Aarseth
- Board member
- Kjetil Tennfjord Aarseth
- Auditor
- BDO AS
- Accountant
- AZETS INSIGHT 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 28 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 68 | 71 | 56 | |
| Rank | 707 | 477 | 1,491 | |
| Operating margin | 5.8% | 10.0% | −5,620.4% | |
| Return on assets | 12.7% | 21.2% | 6.2% | |
| Equity ratio | 72.0% | 92.1% | 98.9% | |
| Current ratio | 2.47 | 6.55 | 11.73 | |
| Revenue growth | – | −10.1% | −100.0% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 523.2 MNOK | 470.3 MNOK | 0.0 MNOK |
| Operating profit | 30.2 MNOK | 46.8 MNOK | −0.3 MNOK |
| Profit before tax | 22.5 MNOK | 40.3 MNOK | 11.6 MNOK |
| Net profit | 17.4 MNOK | 31.4 MNOK | 9.2 MNOK |
| Financial expenses | 12.4 MNOK | 10.9 MNOK | 2.4 MNOK |
| Total assets | 274.3 MNOK | 241.1 MNOK | 226.7 MNOK |
| Current assets | 128.9 MNOK | 98.8 MNOK | 28.8 MNOK |
| Equity | 197.6 MNOK | 222.0 MNOK | 224.2 MNOK |
| Retained earnings | 188.6 MNOK | 213.0 MNOK | 215.2 MNOK |
| Total liabilities | 76.7 MNOK | 19.1 MNOK | 2.5 MNOK |
| Current liabilities | 52.2 MNOK | 15.1 MNOK | 2.5 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 28 October 2026, accounts id 7106151.
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