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TORGHATTEN SØR AS

Org. no. 975804224 · Horten · Founded 1995 · 261 employees

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Score · fiscal year 2025

55of 100

How to read this: the company is ahead of 56 % of companies in the Morning class Large in the same sector in 2025. What does this mean?

Rank in the Morning class Large: 29 of 65 · What are Morning company classes?
Place in the whole sector: 383 of 1,018 · Sjøfart

Profile

Lion · Leader

High profitability, high solidity

Position against comparable companies in 2025, not a verdict on the company. Based on profitability 72 and solidity 52 out of 100 among companies in the Morning class Large in the same sector in 2025. Methodology

Against the sector

TORGHATTEN SØR AS is 4 points above the median for companies in the Morning class Large in the same sector in 2025.

Median score 51 among 65 companies.

Against companies in the Morning class Large in the same sector in 2025: operating margin 15.6% (median 6.8%) and equity ratio 35.1% (median 33.6%).

Source: Register of Company Accounts and Central Coordinating RegisterFetched 28 October 2026Report an issue
Key figures · 2025

The numbers behind the score

The numbers behind the score · 2025
MeasureCompanyMedianAhead of
Operating revenue759 MNOK1,106 MNOK
Operating margin 15.6% 6.8% 62 %
Profit margin 13.2% 5.1% shown, not part of the index
Return on assets 18.5% 8.6% 81 %
Equity ratio 35.1% 33.6% 53 %
Debt-to-equity 1.85 1.85 50 %
Current ratio 0.30 1.24 6 %
Revenue growth 2.9% −0.1% 60 %
Revenue per employee2.91 MNOK3.93 MNOK

The median and “ahead of” refer to companies in the Morning class Large in the same sector in 2025. The bar shows the share of companies the figure is ahead of.

With an index of 55, TORGHATTEN SØR AS does better than 56% of companies in the Morning class Large in the same sector (65 companies) in 2025.

Over time

Score 2023–2025

CompanyMedian0255075100202320242025
  • TORGHATTEN SØR AS
  • Median: companies in the Morning class Large in the same sector
Summary analysis

TORGHATTEN SØR AS has a score of 55 for 2025, rank 383 of 1,018 in the sector.

Strongest: Consistency: percentile 74 against peers. Profitability: percentile 72 against peers, operating margin 15.6% against a median of 6.8%.

Weakest: Liquidity: percentile 6 against peers, current ratio 0.30 against a median of 1.24.

Worth a closer look

  • Consider strengthening liquidity: current liabilities are 3.3 times current assets. Based on: current ratio 0.30 (median 1.24).

Written by fixed rules from the figures. Describes the figures, does not explain causes. Not investment or financial advice. How the summary is made

Analysis · 2025

What the numbers say

TORGHATTEN SØR AS had an operating margin of 15.6% and an equity ratio of 35.1% in 2025, and ranks 383 of 1,018 in Sjøfart.

From 2024 to 2025: the equity ratio rose from 24.6% to 35.1%.

This text is generated automatically from the 2025 accounts.

Estimated value · 2025

Three simple methods

The methods give between 231 MNOK and 782 MNOK.

MethodInputMultipleEstimate
P/E Net profit: 78.2 MNOK 10.0 782 MNOK
EV/EBIT Operating profit: 118.1 MNOK
minus net debt 220.0 MNOK		 8.0 725 MNOK
P/B Equity: 231.2 MNOK 1.0 231 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

Indications · 2025

Worth a closer look

  • critical

    Consider strengthening liquidity: current liabilities are 3.3 times current assets.

    Based on: Current ratio 0.30 (median 1.24).

Indications based on the latest annual accounts from open data. Not investment or financial advice.

Financial costs were 5.0% 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.

See interest rates, prices and exchange rates for the sector

Data quality

No anomalies found in the figures.

Stress test · 2026

Scenario analysis: the sector's weakest year

We have no accounts for 2026, the sector's weakest year, for this company.

The sector's weakest year was 2026, with a median operating margin of 6.1%. Based on the 7 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology

Components · 2025

What the score is made of

Profitability72 weight 30%
Solidity52 weight 25%
Liquidity6 weight 15%
Growth60 weight 15%
Consistency74 weight 15%

Durability: 48 (average over 3 years)

Index version 2. Data completeness 100%: the share of the weights that had data.

2025

Questions and answers

How profitable is TORGHATTEN SØR AS?

The operating margin was 15.6% in 2025, against a median of 6.8% among companies in the Morning class Large in the same sector. Return on assets was 18.5%.

How solid is TORGHATTEN SØR AS?

The equity ratio was 35.1% in 2025 (median 33.6%). Debt-to-equity was 1.85 (median 1.85).

What is the liquidity of TORGHATTEN SØR AS like?

The current ratio was 0.30 in 2025 (median 1.24). Current assets did not cover current liabilities.

How does TORGHATTEN SØR AS compare in Sjøfart?

TORGHATTEN SØR AS ranks 383 of 1,018 in Sjøfart for 2025. Among companies in the Morning class Large it is number 29 of 65. Revenue changed by 2.9% from the year before.

From the Central Coordinating Register

Org. no.
975804224
Legal form
AS
Sector
Sjøfart (50.102)
Morning company class
Large
Employees
261 registered 10 October 2026
Founded
12 October 1995 31 years in operation
Share capital
8.28 MNOK
Business address
Rustadbrygga 3, 3187 HORTEN
Municipality
Horten rank 20–27 of 27 in KOSTRA group 9
Latest accounts filed
2025
Website
www.torghatten.no
LEI
549300WBI3AEIG1MJN51 renews 23 August 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
Øyvind Lund
Chair of the board
Kjetil Håbjørg
Board member
Grete Rekkebo Brovoll
Board member
Ole Østvedt Skjellaug
Board member
Hilde Christina Mæhlum Andreassen
Board member
Jon Gunnar Bakkeland
Board member
Olav Lindebrekke
Deputy member
Steinar Robin Rosenvinge
Deputy member
Ann-Kristin Kjexrud
Deputy member
Karl-Petter Lindahl
Auditor
PRICEWATERHOUSECOOPERS AS

Source: Central Coordinating Register, fetched 29 October 2026. Only names are shown.

Parent company
Parent not reported

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.

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Figures last fetched 28 October 2026.

Details

Year by year · 2023–2025

Key figure202320242025Trend
Index414855
Rank572505383
Operating margin15.8%13.9%15.6%
Return on assets15.2%17.4%18.5%
Equity ratio11.2%24.6%35.1%
Current ratio0.740.200.30
Revenue growth–7.3%2.9%

Accounts

From the Brønnøysund Register Centre, in the company's reporting currency (NOK).

Key figure202320242025
Operating revenue687.1 MNOK737.4 MNOK758.7 MNOK
Operating profit108.7 MNOK102.7 MNOK118.1 MNOK
Profit before tax95.3 MNOK88.8 MNOK100.3 MNOK
Net profit74.4 MNOK69.3 MNOK78.2 MNOK
Financial expenses17.8 MNOK19.1 MNOK21.6 MNOK
Total assets744.8 MNOK621.8 MNOK658.5 MNOK
Current assets206.8 MNOK120.5 MNOK161.7 MNOK
Equity83.7 MNOK153.0 MNOK231.2 MNOK
Retained earnings74.0 MNOK143.2 MNOK221.4 MNOK
Total liabilities661.1 MNOK468.8 MNOK427.3 MNOK
Current liabilities280.3 MNOK597.1 MNOK534.6 MNOK

Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 28 October 2026, accounts id 7203904.

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