AQS AS
Score · fiscal year 2023
29of 100
How to read this: the company is ahead of 18 % of medium-sized companies in the same sector in 2023. What does this mean?
Rank: 2,973 of 3,738 · Sjømat
Profile
Beaver · Builder
Lower profitability, lower solidity
Position against comparable companies in 2023, not a verdict on the company. Based on profitability 43 and solidity 26 out of 100 among medium-sized companies in the same sector in 2023. Methodology
Against the sector
AQS AS is 21 points below the median for medium-sized companies in the same sector in 2023.
Median score 50 among 388 companies.
Against medium-sized companies in the same sector in 2023: operating margin 9.9% (median 12.9%) and equity ratio 26.8% (median 42.6%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 252 MNOK | 190 MNOK |
| Operating margin | 9.9% | 12.9% |
| Profit margin | 6.0% | 11.0% |
| Return on assets | 8.4% | 9.9% |
| Equity ratio | 26.8% | 42.6% |
| Debt-to-equity | 2.73 | 1.29 |
| Current ratio | 0.45 | 1.66 |
| Revenue growth | – | 26.4% |
| Revenue per employee | 3.15 MNOK | 7.27 MNOK |
The median and “ahead of” refer to medium-sized companies in the same sector in 2023. The bar shows the share of companies the figure is ahead of.
With an index of 29, AQS AS does better than 18% of medium-sized companies in the same sector (388 companies) in 2023.
Score 2023–2025
- AQS AS
- Median: medium-sized companies in the same sector
What the numbers say
AQS AS had an operating margin of 9.9% and an equity ratio of 26.8% in 2023, and ranks 2,973 of 3,738 in Sjømat.
This text is generated automatically from the 2023 accounts.
Three simple methods
The methods give between 80 MNOK and 118 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 118 MNOK |
| EV/EBIT | 8.0 | 80 MNOK |
| P/B | 1.0 | 80 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 2.2 times current assets.
Based on: Current ratio 0.45 (median 1.66).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 4.5% of the debt in 2023. The policy rate averaged 3.54 % 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 | 43 | weight 30% |
|---|---|---|
| Solidity | 26 | weight 25% |
| Liquidity | 8 | weight 15% |
| Growth | – | no data, left out |
| Consistency | 28 | weight 15% |
Index version 2. Data completeness 85%: the share of the weights that had data.
Questions and answers
How profitable is AQS AS?
The operating margin was 9.9% in 2023, against a median of 12.9% among medium-sized companies in the same sector. Return on assets was 8.4%.
How solid is AQS AS?
The equity ratio was 26.8% in 2023 (median 42.6%). Debt-to-equity was 2.73 (median 1.29).
What is the liquidity of AQS AS like?
The current ratio was 0.45 in 2023 (median 1.66). Current assets did not cover current liabilities.
How does AQS AS compare in Sjømat?
AQS AS ranks 2,973 of 3,738 in Sjømat for 2023. Among companies of the same size (medium-sized companies) it ranks 319 of 388.
From the Central Coordinating Register
- Org. no.
- 960532872
- Legal form
- AS
- Sector
- Sjømat (03.300)
- Size tier
- medium
- Employees
- 80 registered 10 October 2026
- Founded
- 1 April 1991 35 years in operation
- Share capital
- 4.84 MNOK
- Business address
- Sliperiveien 19, 7770 FLATANGER
- Municipality
- Flatanger rank 6 of 36 in KOSTRA group 15
- Latest accounts filed
- 2025
- Website
- www.aqs.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
- Robert Lundli Hundstad
- Chair of the board
- Ove Løfsnæs
- Board member
- Ørjan Skorstad Iversen
- Board member
- Edvard Østvik Løfsnæs
- Board member
- Nils Erik Telstad
- Board member
- Sandra Bjørkli Løfsnæs
- Deputy member
- Sigmund Sætnan
- Deputy member
- Ole-Kristian Langstrand Hatland
- Auditor
- BDO AS
- Accountant
- BRYGGA REGNSKAP 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 | 29 | 45 | 32 | |
| Rank | 2,973 | 2,364 | 3,332 | |
| Operating margin | 9.9% | 7.8% | 0.9% | |
| Return on assets | 8.4% | 9.0% | 1.0% | |
| Equity ratio | 26.8% | 30.8% | 28.0% | |
| Current ratio | 0.45 | 0.80 | 0.94 | |
| Revenue growth | – | 38.5% | 10.6% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 251.6 MNOK | 348.6 MNOK | 385.7 MNOK |
| Operating profit | 24.8 MNOK | 27.1 MNOK | 3.3 MNOK |
| Profit before tax | 15.2 MNOK | 17.1 MNOK | −4.4 MNOK |
| Net profit | 11.8 MNOK | 13.4 MNOK | −3.5 MNOK |
| Financial expenses | 9.7 MNOK | 10.0 MNOK | 7.7 MNOK |
| Total assets | 298.3 MNOK | 302.3 MNOK | 320.8 MNOK |
| Current assets | 44.4 MNOK | 47.0 MNOK | 86.0 MNOK |
| Equity | 79.9 MNOK | 93.2 MNOK | 89.8 MNOK |
| Retained earnings | 19.5 MNOK | 32.8 MNOK | 29.4 MNOK |
| Total liabilities | 218.4 MNOK | 209.1 MNOK | 231.0 MNOK |
| Current liabilities | 97.9 MNOK | 58.5 MNOK | 91.5 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 28 October 2026, accounts id 5417183.
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