ODE PROCESSING AS
Score · fiscal year 2024
66of 100
How to read this: the company is ahead of 81 % of companies in the Morning class Small in the same sector in 2024. What does this mean?
Rank in the Morning class Small: 81 of 421 · What are Morning company classes?
Place in the whole sector: 400 of 2,010 · Sjømat
Profile
Lion · Leader
High profitability, high solidity
Position against comparable companies in 2024, not a verdict on the company. Based on profitability 71 and solidity 73 out of 100 among companies in the Morning class Small in the same sector in 2024. Methodology
Against the sector
ODE PROCESSING AS is 15 points above the median for companies in the Morning class Small in the same sector in 2024.
Median score 51 among 421 companies.
Against companies in the Morning class Small in the same sector in 2024: operating margin 16.0% (median 8.8%) and equity ratio 52.6% (median 29.2%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 40 MNOK | 21 MNOK |
| Operating margin | 16.0% | 8.8% |
| Profit margin | 14.9% | 2.9% |
| Return on assets | 11.3% | 5.0% |
| Equity ratio | 52.6% | 29.2% |
| Debt-to-equity | 0.90 | 2.07 |
| Current ratio | 0.61 | 1.64 |
| Revenue growth | 50.6% | 0.6% |
| Revenue per employee | 0.32 MNOK | 1.94 MNOK |
The median and “ahead of” refer to companies in the Morning class Small in the same sector in 2024. The bar shows the share of companies the figure is ahead of.
With an index of 66, ODE PROCESSING AS does better than 81% of companies in the Morning class Small in the same sector (421 companies) in 2024.
Score 2023–2025
- ODE PROCESSING AS
- Median: companies in the Morning class Small in the same sector
What the numbers say
ODE PROCESSING AS had an operating margin of 16.0% and an equity ratio of 52.6% in 2024, and ranks 400 of 2,010 in Sjømat.
From 2023 to 2024: went from a loss to a profit before tax and the equity ratio rose from 7.5% to 52.6%.
This text is generated automatically from the 2024 accounts.
Three simple methods
The methods give between 30 MNOK and 51 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 46 MNOK |
| EV/EBIT | 8.0 | 51 MNOK |
| P/B | 1.0 | 30 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
Consider strengthening liquidity: current liabilities are 1.6 times current assets.
Based on: Current ratio 0.61 (median 1.64).
- watch
Strong growth with weak liquidity. Is the growth financed, or does it tie up capital the company does not have?
Based on: Revenue growth 50.6% (median 0.6%); Current ratio 0.61 (median 1.64).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 1.7% 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.
See interest rates, prices and exchange rates for the sector
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 −0.5%. 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 | 71 | weight 30% |
|---|---|---|
| Solidity | 73 | weight 25% |
| Liquidity | 15 | weight 15% |
| Growth | 88 | weight 15% |
| Consistency | 72 | weight 15% |
Durability: 43 (average over 2 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is ODE PROCESSING AS?
The operating margin was 16.0% in 2024, against a median of 8.8% among companies in the Morning class Small in the same sector. Return on assets was 11.3%.
How solid is ODE PROCESSING AS?
The equity ratio was 52.6% in 2024 (median 29.2%). Debt-to-equity was 0.90 (median 2.07).
What is the liquidity of ODE PROCESSING AS like?
The current ratio was 0.61 in 2024 (median 1.64). Current assets did not cover current liabilities.
How does ODE PROCESSING AS compare in Sjømat?
ODE PROCESSING AS ranks 400 of 2,010 in Sjømat for 2024. Among companies in the Morning class Small it is number 81 of 421. Revenue changed by 50.6% from the year before.
From the Central Coordinating Register
- Org. no.
- 944725520
- Legal form
- AS
- Sector
- Sjømat (10.202)
- Morning company class
- Small
- Employees
- 125 registered 10 October 2026
- Founded
- 17 September 1987 39 years in operation
- Share capital
- 0.65 MNOK
- Business address
- Hamnevegen 85, 6170 VARTDAL (ØRSTA)
- Municipality
- Ørsta rank 14–35 of 38 in KOSTRA group 7
- 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
- Ola Kvalheim
- Auditor
- TELL NORGE 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 | 20 | 66 | 56 | |
| Rank | 1,868 | 400 | 808 | |
| Operating margin | 4.9% | 16.0% | 10.7% | |
| Return on assets | 4.4% | 11.3% | 13.0% | |
| Equity ratio | 7.5% | 52.6% | 40.1% | |
| Current ratio | 0.25 | 0.61 | 0.13 | |
| Revenue growth | – | 50.6% | 167.4% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 26.6 MNOK | 40.1 MNOK | 107.3 MNOK |
| Operating profit | 1.3 MNOK | 6.4 MNOK | 11.5 MNOK |
| Profit before tax | −0.1 MNOK | 6.0 MNOK | 11.4 MNOK |
| Net profit | −0.1 MNOK | 4.6 MNOK | 9.5 MNOK |
| Financial expenses | 1.5 MNOK | 0.5 MNOK | 0.1 MNOK |
| Total assets | 31.0 MNOK | 56.7 MNOK | 87.8 MNOK |
| Current assets | 4.7 MNOK | 15.9 MNOK | 6.7 MNOK |
| Equity | 2.3 MNOK | 29.9 MNOK | 35.2 MNOK |
| Retained earnings | −3.7 MNOK | 23.8 MNOK | 29.2 MNOK |
| Total liabilities | 28.7 MNOK | 26.9 MNOK | 52.5 MNOK |
| Current liabilities | 18.9 MNOK | 26.1 MNOK | 51.2 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 28 October 2026, accounts id 6143957.
Further
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