SOLHAUG AS
Score · fiscal year 2024
23of 100
How to read this: the company is ahead of 10 % of companies in the Morning class Micro in the same sector in 2024. What does this mean?
Rank in the Morning class Micro: 933 of 1,033 · What are Morning company classes?
Place in the whole sector: 1,830 of 2,010 · Sjømat
Profile
Beaver · Builder
Lower profitability, lower solidity
Position against comparable companies in 2024, not a verdict on the company. Based on profitability 30 and solidity 0 out of 100 among companies in the Morning class Micro in the same sector in 2024. Methodology
Against the sector
SOLHAUG AS is 28 points below the median for companies in the Morning class Micro in the same sector in 2024.
Median score 51 among 1,033 companies.
Against companies in the Morning class Micro in the same sector in 2024: operating margin −5.5% (median 7.5%) and equity ratio −47.0% (median 33.0%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 1 MNOK | 3 MNOK |
| Operating margin | −5.5% | 7.5% |
| Profit margin | −246.6% | 3.5% |
| Return on assets | 1.1% | 4.6% |
| Equity ratio | −47.0% | 33.0% |
| Debt-to-equity | – | 1.53 |
| Current ratio | 0.29 | 1.61 |
| Revenue growth | 25.2% | −3.8% |
The median and “ahead of” refer to companies in the Morning class Micro in the same sector in 2024. The bar shows the share of companies the figure is ahead of.
With an index of 23, SOLHAUG AS does better than 10% of companies in the Morning class Micro in the same sector (1,033 companies) in 2024.
Score 2023–2025
- SOLHAUG AS
- Median: companies in the Morning class Micro in the same sector
What the numbers say
SOLHAUG AS had an operating margin of −5.5% and an equity ratio of −47.0% in 2024, and ranks 1,830 of 2,010 in Sjømat.
From 2023 to 2024: the operating margin fell from 52.3% to −5.5% and revenue grew by 25%.
This text is generated automatically from the 2024 accounts.
Three simple methods
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | not meaningful |
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
Equity is negative. How will it be rebuilt, and what do lenders and the auditor say about going concern?
Based on: Equity ratio −47.0% (median 33.0%).
- critical
Consider strengthening liquidity: current liabilities are 3.4 times current assets.
Based on: Current ratio 0.29 (median 1.61).
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −246.6% (median 3.5%).
- 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 25.2% (median −3.8%); Current ratio 0.29 (median 1.61).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 3.4% 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
- critical Negative equity
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 | 30 | weight 30% |
|---|---|---|
| Solidity | 0 | weight 25% |
| Liquidity | 9 | weight 15% |
| Growth | 76 | weight 15% |
| Consistency | 11 | weight 15% |
Durability: 24 (average over 2 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is SOLHAUG AS?
The operating margin was −5.5% in 2024, against a median of 7.5% among companies in the Morning class Micro in the same sector. Return on assets was 1.1%. The company made a loss before tax.
How solid is SOLHAUG AS?
The equity ratio was −47.0% in 2024 (median 33.0%). Equity is negative, so liabilities exceed assets.
What is the liquidity of SOLHAUG AS like?
The current ratio was 0.29 in 2024 (median 1.61). Current assets did not cover current liabilities.
How does SOLHAUG AS compare in Sjømat?
SOLHAUG AS ranks 1,830 of 2,010 in Sjømat for 2024. Among companies in the Morning class Micro it is number 933 of 1,033. Revenue changed by 25.2% from the year before.
Group accounts · 2025
60 of 100
Rank 31 of 87 groups in the Morning class Medium in Sjømat. Groups are ranked only against other groups in the same sector and class, never against single companies.
- Operating revenue, group
- 157 MNOK
- Operating profit, group
- 37 MNOK
- Profit before tax, group
- 42 MNOK
- Total assets, group
- 1,001 MNOK
- Equity, group
- 514 MNOK
| Key figure | The group | The company alone (2024) |
|---|---|---|
| Operating margin | 23.6% | – |
| Return on assets | 6.8% | – |
| Equity ratio | 51.3% | – |
| Current ratio | 1.31 | – |
| Revenue growth | 16.7% | – |
Group index in earlier years: 2023: 40 (75 of 115), 2024: 37 (61 of 87).
Same formulas and weights as the company index. Group and company are never added together, and the group accounts are not part of sector averages or company rankings.
Source: Brønnøysund Register Centre, group accounts 2025 (open data, NLOD 2.0).
We do not show the group structure, because open data does not say who owns whom.
From the Central Coordinating Register
- Org. no.
- 977279038
- Legal form
- AS
- Sector
- Sjømat (03.110)
- Morning company class
- Micro
- Employees
- 0–4 (not registered)
- Founded
- 24 February 1997 29 years in operation
- Share capital
- 0.08 MNOK
- Business address
- 5384 TORANGSVÅG (AUSTEVOLL)
- Municipality
- Austevoll rank 1 of 18 in KOSTRA group 2
- 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
- Tor Østervold
- Board member
- Liv Margareth Østervold
- Board member
- Elisabeth Østervold Hufthammer
- Board member
- Ragnhild Cathrine Østervold
- Auditor
- DELOITTE AS
- Accountant
- COMPLÉR ACCOUNTING 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 | 25 | 23 | 32 | |
| Rank | 1,778 | 1,830 | 1,864 | |
| Operating margin | 52.3% | −5.5% | −130.6% | |
| Return on assets | 3.6% | 1.1% | 54.9% | |
| Equity ratio | −37.1% | −47.0% | 14.3% | |
| Current ratio | 0.20 | 0.29 | 0.80 | |
| Revenue growth | – | 25.2% | −20.1% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 1.1 MNOK | 1.4 MNOK | 1.1 MNOK |
| Operating profit | 0.6 MNOK | −0.1 MNOK | −1.4 MNOK |
| Profit before tax | −3.7 MNOK | −3.3 MNOK | 55.9 MNOK |
| Net profit | −3.7 MNOK | −3.3 MNOK | 55.9 MNOK |
| Financial expenses | 7.2 MNOK | 4.3 MNOK | 3.2 MNOK |
| Total assets | 100.1 MNOK | 86.1 MNOK | 107.5 MNOK |
| Current assets | 3.8 MNOK | 7.0 MNOK | 33.0 MNOK |
| Equity | −37.1 MNOK | −40.5 MNOK | 15.4 MNOK |
| Retained earnings | −37.3 MNOK | −40.6 MNOK | 15.3 MNOK |
| Total liabilities | 137.3 MNOK | 126.6 MNOK | 92.1 MNOK |
| Current liabilities | 19.0 MNOK | 23.8 MNOK | 41.4 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 28 October 2026, accounts id 6296673.
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