INSULA AS
Score · fiscal year 2023
32of 100
How to read this: the company is ahead of 21 % of companies in the Morning class Medium in the same sector in 2023. What does this mean?
Rank in the Morning class Medium: 342 of 435 · What are Morning company classes?
Place in the whole sector: 1,616 of 2,066 · Sjømat
Profile
Elephant · Steward
Lower profitability, high solidity
Position against comparable companies in 2023, not a verdict on the company. Based on profitability 20 and solidity 68 out of 100 among companies in the Morning class Medium in the same sector in 2023. Methodology
Against the sector
INSULA AS is 18 points below the median for companies in the Morning class Medium in the same sector in 2023.
Median score 50 among 435 companies.
Against companies in the Morning class Medium in the same sector in 2023: operating margin −39.8% (median 13.1%) and equity ratio 45.6% (median 33.2%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 71 MNOK | 111 MNOK |
| Operating margin | −39.8% | 13.1% |
| Profit margin | 205.7% | 9.5% |
| Return on assets | 6.8% | 9.5% |
| Equity ratio | 45.6% | 33.2% |
| Debt-to-equity | 1.19 | 1.95 |
| Current ratio | 0.98 | 1.57 |
| Revenue growth | – | −4.5% |
| Revenue per employee | 5.09 MNOK | 5.12 MNOK |
The median and “ahead of” refer to companies in the Morning class Medium in the same sector in 2023. The bar shows the share of companies the figure is ahead of.
With an index of 32, INSULA AS does better than 21% of companies in the Morning class Medium in the same sector (435 companies) in 2023.
Score 2023–2025
- INSULA AS
- Median: companies in the Morning class Medium in the same sector
What the numbers say
INSULA AS had an operating margin of −39.8% and an equity ratio of 45.6% in 2023, and ranks 1,616 of 2,066 in Sjømat.
This text is generated automatically from the 2023 accounts.
Three simple methods
The methods give between 945 MNOK and 1,335 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 1,335 MNOK |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | 945 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 1.0 times current assets.
Based on: Current ratio 0.98 (median 1.57).
- 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 −39.8% (median 13.1%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were −0.5% 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.
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 | 20 | weight 30% |
|---|---|---|
| Solidity | 68 | weight 25% |
| Liquidity | 23 | weight 15% |
| Growth | – | no data, left out |
| Consistency | 5 | weight 15% |
Index version 2. Data completeness 85%: the share of the weights that had data.
Questions and answers
How profitable is INSULA AS?
The operating margin was −39.8% in 2023, against a median of 13.1% among companies in the Morning class Medium in the same sector. Return on assets was 6.8%.
How solid is INSULA AS?
The equity ratio was 45.6% in 2023 (median 33.2%). Debt-to-equity was 1.19 (median 1.95).
What is the liquidity of INSULA AS like?
The current ratio was 0.98 in 2023 (median 1.57). Current assets did not cover current liabilities.
How does INSULA AS compare in Sjømat?
INSULA AS ranks 1,616 of 2,066 in Sjømat for 2023. Among companies in the Morning class Medium it is number 342 of 435.
Group accounts
The company is registered as part of a group, but we have no group accounts for it. Group accounts are filed by the parent company, and open data does not say which company that is.
Read the figures with care: a company in a group can look strong because of group contributions, or weak because dividends go up to the parent. The figures are indications, not the full picture.
We do not show the group structure, because open data does not say who owns whom.
From the Central Coordinating Register
- Org. no.
- 960756932
- Legal form
- AS · part of a group
- Sector
- Sjømat (10.203)
- Morning company class
- Medium
- Employees
- 14 registered 10 March 2026
- Founded
- 2 January 1991 35 years in operation
- Share capital
- 725.24 MNOK
- Business address
- Storeidøya, 8370 LEKNES (VESTVÅGØY)
- Municipality
- Vestvågøy rank 4–11 of 13 in KOSTRA group 8
- Latest accounts filed
- 2025
- LEI
- 549300ZRZTBEIX68O190 renews 13 January 2027
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
- Sigvald Arctander Rist
- Chair of the board
- Torgeir Johan Svae
- Board member
- Frode Johannesen Sandmark
- Auditor
- PRICEWATERHOUSECOOPERS AS
Source: Central Coordinating Register, fetched 29 October 2026. Only names are shown.
- Parent company
- KVERVA INDUSTRIER AS (Norway)
- Ultimate parent
- KVARV AS (Norway)
Source: GLEIF (Global Legal Entity Identifier Foundation), fetched 30 October 2026. The parent is the one the company itself reported to GLEIF.
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 | 32 | 51 | 49 | |
| Rank | 1,616 | 1,002 | 1,160 | |
| Operating margin | −39.8% | 24.6% | 11.1% | |
| Return on assets | 6.8% | 9.0% | 4.1% | |
| Equity ratio | 45.6% | 50.9% | 46.6% | |
| Current ratio | 0.98 | 1.39 | 1.09 | |
| Revenue growth | – | −22.9% | 91.1% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 71.3 MNOK | 55.0 MNOK | 105.0 MNOK |
| Operating profit | −28.4 MNOK | 13.5 MNOK | 11.6 MNOK |
| Profit before tax | 146.6 MNOK | 51.4 MNOK | −83.9 MNOK |
| Net profit | 133.5 MNOK | 35.3 MNOK | −87.5 MNOK |
| Financial expenses | −5.7 MNOK | 131.0 MNOK | 166.3 MNOK |
| Total assets | 2,072.0 MNOK | 2,018.1 MNOK | 2,011.3 MNOK |
| Current assets | 483.2 MNOK | 531.3 MNOK | 511.2 MNOK |
| Equity | 945.3 MNOK | 1,026.7 MNOK | 936.7 MNOK |
| Retained earnings | −186.7 MNOK | −151.3 MNOK | −241.4 MNOK |
| Total liabilities | 1,126.7 MNOK | 991.3 MNOK | 1,074.6 MNOK |
| Current liabilities | 494.5 MNOK | 381.4 MNOK | 468.0 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 28 October 2026, accounts id 5271449.
Further
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