MARTIN E BIRKNES EFTF AS
Score · fiscal year 2025
48of 100
How to read this: the company is ahead of 45 % of companies in the Morning class Medium in the same sector in 2025. What does this mean?
Rank in the Morning class Medium: 253 of 461 · What are Morning company classes?
Place in the whole sector: 2,238 of 4,158 · Sjømat
Profile
Cheetah · Sprinter
High profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 79 and solidity 33 out of 100 among companies in the Morning class Medium in the same sector in 2025. Methodology
Against the sector
MARTIN E BIRKNES EFTF AS is 1 points below the median for companies in the Morning class Medium in the same sector in 2025.
Median score 49 among 461 companies.
Against companies in the Morning class Medium in the same sector in 2025: operating margin 21.0% (median 10.6%) and equity ratio 30.3% (median 41.4%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 294 MNOK | 192 MNOK |
| Operating margin | 21.0% | 10.6% |
| Profit margin | 19.4% | 7.5% |
| Return on assets | 24.4% | 7.7% |
| Equity ratio | 30.3% | 41.4% |
| Debt-to-equity | 2.30 | 1.37 |
| Current ratio | 0.32 | 1.70 |
| Revenue growth | 6.2% | 8.6% |
| Revenue per employee | 3.19 MNOK | 7.70 MNOK |
The median and “ahead of” refer to companies in the Morning class Medium in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 48, MARTIN E BIRKNES EFTF AS does better than 45% of companies in the Morning class Medium in the same sector (461 companies) in 2025.
Score 2023–2025
- MARTIN E BIRKNES EFTF AS
- Median: companies in the Morning class Medium in the same sector
MARTIN E BIRKNES EFTF AS has a score of 48 for 2025, rank 2,238 of 4,158 in the sector.
Strongest: Profitability: percentile 79 against peers, operating margin 21.0% against a median of 10.6%.
Weakest: Liquidity: percentile 5 against peers, current ratio 0.32 against a median of 1.70. Solidity: percentile 33 against peers, equity ratio 30.3% against a median of 41.4%.
Worth a closer look
- Consider strengthening liquidity: current liabilities are 3.2 times current assets. Based on: current ratio 0.32 (median 1.70).
- 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
MARTIN E BIRKNES EFTF AS had an operating margin of 21.0% and an equity ratio of 30.3% in 2025, and ranks 2,238 of 4,158 in Sjømat.
From 2024 to 2025: the operating margin fell from 23.3% to 21.0%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 78 MNOK and 444 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 444 MNOK |
| EV/EBIT | 8.0 | 413 MNOK |
| P/B | 1.0 | 78 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 3.2 times current assets.
Based on: Current ratio 0.32 (median 1.70).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 3.2% 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 | 79 | weight 30% |
|---|---|---|
| Solidity | 33 | weight 25% |
| Liquidity | 5 | weight 15% |
| Growth | 46 | weight 15% |
| Consistency | 55 | weight 15% |
Durability: 47 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is MARTIN E BIRKNES EFTF AS?
The operating margin was 21.0% in 2025, against a median of 10.6% among companies in the Morning class Medium in the same sector. Return on assets was 24.4%.
How solid is MARTIN E BIRKNES EFTF AS?
The equity ratio was 30.3% in 2025 (median 41.4%). Debt-to-equity was 2.30 (median 1.37).
What is the liquidity of MARTIN E BIRKNES EFTF AS like?
The current ratio was 0.32 in 2025 (median 1.70). Current assets did not cover current liabilities.
How does MARTIN E BIRKNES EFTF AS compare in Sjømat?
MARTIN E BIRKNES EFTF AS ranks 2,238 of 4,158 in Sjømat for 2025. Among companies in the Morning class Medium it is number 253 of 461. Revenue changed by 6.2% from the year before.
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.
- 961389070
- Legal form
- AS · part of a group
- Sector
- Sjømat (10.202)
- Morning company class
- Medium
- Employees
- 92 registered 10 October 2026
- Founded
- 20 February 1991 35 years in operation
- Share capital
- 0.42 MNOK
- Business address
- Kalvøyna 75, 5970 BYRKNESØY (GULEN)
- Municipality
- Gulen rank 1 of 28 in KOSTRA group 6
- Latest accounts filed
- 2025
- Website
- www.firdasea.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
- Lina Braanaas Utne
- Chair of the board
- Ola Braanaas
- Board member
- Mons Alfred Paulsen
- Auditor
- CEDRA NORGE AS
- Accountant
- ECIT SERVICES 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 | 48 | 44 | 48 | |
| Rank | 1,989 | 2,389 | 2,238 | |
| Operating margin | 26.8% | 23.3% | 21.0% | |
| Return on assets | 23.1% | 23.1% | 24.4% | |
| Equity ratio | 30.8% | 30.8% | 30.3% | |
| Current ratio | 0.81 | 0.54 | 0.32 | |
| Revenue growth | – | −4.2% | 6.2% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 288.9 MNOK | 276.8 MNOK | 293.9 MNOK |
| Operating profit | 77.6 MNOK | 64.5 MNOK | 61.8 MNOK |
| Profit before tax | 74.0 MNOK | 61.8 MNOK | 57.0 MNOK |
| Net profit | 57.5 MNOK | 48.1 MNOK | 44.4 MNOK |
| Financial expenses | 5.6 MNOK | 5.5 MNOK | 5.7 MNOK |
| Total assets | 345.1 MNOK | 290.8 MNOK | 257.1 MNOK |
| Current assets | 98.2 MNOK | 56.2 MNOK | 30.4 MNOK |
| Equity | 106.3 MNOK | 89.4 MNOK | 77.9 MNOK |
| Retained earnings | 61.4 MNOK | 44.5 MNOK | 32.9 MNOK |
| Total liabilities | 238.7 MNOK | 201.3 MNOK | 179.2 MNOK |
| Current liabilities | 120.6 MNOK | 104.1 MNOK | 95.7 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 28 October 2026, accounts id 7187121.
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