Arctic Seafood Group AS
Score · fiscal year 2024
50of 100
How to read this: the company is ahead of 49 % of companies in the Morning class Micro in the same sector in 2024. What does this mean?
Rank in the Morning class Micro: 517 of 1,021 · What are Morning company classes?
Place in the whole sector: 1,008 of 1,994 · Sjømat
Profile
Elephant · Steward
Lower profitability, high solidity
Position against comparable companies in 2024, not a verdict on the company. Based on profitability 49 and solidity 90 out of 100 among companies in the Morning class Micro in the same sector in 2024. Methodology
Against the sector
Arctic Seafood Group AS is at the median for companies in the Morning class Micro in the same sector in 2024.
Median score 50 among 1,021 companies.
Against companies in the Morning class Micro in the same sector in 2024: operating margin 16.5% (median 7.7%) and equity ratio 84.4% (median 32.5%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 7 MNOK | 3 MNOK |
| Operating margin | 16.5% | 7.7% |
| Profit margin | −196.9% | 3.4% |
| Return on assets | 0.2% | 4.5% |
| Equity ratio | 84.4% | 32.5% |
| Debt-to-equity | 0.19 | 1.56 |
| Current ratio | 1.44 | 1.60 |
| Revenue growth | −48.1% | −4.2% |
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 50, Arctic Seafood Group AS does better than 49% of companies in the Morning class Micro in the same sector (1,021 companies) in 2024.
Score 2023–2025
- Arctic Seafood Group AS
- Median: companies in the Morning class Micro in the same sector
What the numbers say
Arctic Seafood Group AS had an operating margin of 16.5% and an equity ratio of 84.4% in 2024, and ranks 1,008 of 1,994 in Sjømat.
From 2023 to 2024: the operating margin rose from −0.5% to 16.5% and revenue fell by 48%.
This text is generated automatically from the 2024 accounts.
Three simple methods
The methods give between 143 MNOK and 735 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 16.9 | 143 MNOK |
| EV/EBIT | 17.0 | debt above value |
| P/B | 2.2 | 735 MNOK |
The listed basis is the value at listed multiples. The estimate is lowered by 39% for an unlisted company: 20% for lack of marketability and 24% for size (a small-company premium of 2% on the cost of equity).
A mechanical estimate from public accounts, not advice. A mechanical estimate from public accounts with listed multiples and fixed adjustments. Not a valuation and not advice to buy or sell. See the calculation
Worth a closer look
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −196.9% (median 3.4%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 15.7% 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
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 | 49 | weight 30% |
|---|---|---|
| Solidity | 90 | weight 25% |
| Liquidity | 47 | weight 15% |
| Growth | 5 | weight 15% |
| Consistency | 35 | weight 15% |
Durability: 53 (average over 2 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Arctic Seafood Group AS?
The operating margin was 16.5% in 2024, against a median of 7.7% among companies in the Morning class Micro in the same sector. Return on assets was 0.2%. The company made a loss before tax.
How solid is Arctic Seafood Group AS?
The equity ratio was 84.4% in 2024 (median 32.5%). Debt-to-equity was 0.19 (median 1.56).
What is the liquidity of Arctic Seafood Group AS like?
The current ratio was 1.44 in 2024 (median 1.60).
How does Arctic Seafood Group AS compare in Sjømat?
Arctic Seafood Group AS ranks 1,008 of 1,994 in Sjømat for 2024. Among companies in the Morning class Micro it is number 517 of 1,021. Revenue changed by −48.1% from the year before.
Group accounts · 2025
64 of 100
Rank 21 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
- 258 MNOK
- Operating profit, group
- 75 MNOK
- Profit before tax, group
- 68 MNOK
- Total assets, group
- 759 MNOK
- Equity, group
- 534 MNOK
| Key figure | The group | The company alone (2024) |
|---|---|---|
| Operating margin | 28.9% | – |
| Return on assets | 10.3% | – |
| Equity ratio | 70.3% | – |
| Current ratio | 2.42 | – |
| Revenue growth | −16.8% | – |
Group index in earlier years: 2023: 52 (52 of 115), 2024: 71 (13 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.
- 984186614
- Legal form
- AS
- Sector
- Sjømat (03.110)
- Morning company class
- Micro
- Employees
- 0–4 (not registered)
- Founded
- 3 January 2002 24 years in operation
- Share capital
- 4.48 MNOK
- Business address
- 8120 NYGÅRDSJØEN (GILDESKÅL)
- Municipality
- Gildeskål rank 15–34 of 36 in KOSTRA group 15
- 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
Loading roles …
Source: Central Coordinating Register, fetched 29 October 2026. Only names are shown.
Shareholders (2025)
- Number of shareholders
- 8 (one owner holds more than half)
- Largest owner
- 66.6% · top three 98.3%
- Split
- companies 98% · private persons 2% · foreign 67%
- Group chain
- Ultimate owner: Friendmall LTD
- Friendmall LTD (Cyprus) · 66.6%
- Hawk Seafood AS · 29.7%
- Weier AS · 1.3%
- North Vent AS · 0.1%
- Ewo AS · 0.1%
- Melimi Agenturer AS · 0.1%
- Arctic Seafood Group AS · 0.0%
- 1 private persons · 2.0%
Change 2007–2025:
100% of the shares changed owner (8 new and 438 departed owners). The majority owner changed. Foreign owners now hold more than half.
New owners (companies): Arctic Seafood Group AS, Ewo AS, Friendmall LTD, Hawk Seafood AS, Melimi Agenturer AS
Departed (companies): AKSJEFONDET ODIN NORGE II, Almaas Invest AS, Angron Holding AS, Argu Invest AS, Arna Bygg og Eiendom AS
Majority owner of: Afc Analytics AS (100%), Mørkvedbukta AS (100%), North Cod Production AS (100%), Organic Seafarm AS (100%)
The portfolio: 5 of the companies it owns shares in have accounts with us, 4 of them as majority owner. The average index is 51. 1 have negative equity and 2 made a loss in the latest year.
Holds shares in: Mørkvedbukta AS (100%), Arctic Seafood Group AS (0%), Afc Analytics AS (100%), North Cod Production AS (100%), Organic Seafarm AS (100%)
Source: the Norwegian Tax Administration's shareholder register as of 2025. Figures may be older than today's ownership. Private persons are not shown by name.
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 29 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 56 | 50 | 48 | |
| Rank | 805 | 1,008 | 1,215 | |
| Operating margin | −0.5% | 16.5% | 4.8% | |
| Return on assets | 0.0% | 0.2% | 4.9% | |
| Equity ratio | 83.8% | 84.4% | 80.1% | |
| Current ratio | 3.37 | 1.44 | 1.07 | |
| Revenue growth | – | −48.1% | 10.5% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 14.0 MNOK | 7.3 MNOK | 8.1 MNOK |
| Operating profit | −0.1 MNOK | 1.2 MNOK | 0.4 MNOK |
| Profit before tax | −28.3 MNOK | −14.4 MNOK | −7.8 MNOK |
| Tax expense | −10.8 MNOK | −59.5 MNOK | 5.0 MNOK |
| Net profit | −17.5 MNOK | 45.2 MNOK | −12.8 MNOK |
| Financial expenses | 28.4 MNOK | 15.9 MNOK | 35.1 MNOK |
| Total assets | 600.1 MNOK | 649.9 MNOK | 562.6 MNOK |
| Current assets | 32.0 MNOK | 37.1 MNOK | 52.1 MNOK |
| Equity | 503.1 MNOK | 548.3 MNOK | 450.5 MNOK |
| Retained earnings | 36.2 MNOK | 81.4 MNOK | – |
| Total liabilities | 97.0 MNOK | 101.6 MNOK | 112.1 MNOK |
| Current liabilities | 9.5 MNOK | 25.7 MNOK | 48.6 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 29 October 2026, accounts id 6287469.
Further
Similar companies
- Trond Egil AS index 50, rank 1,005 · compare
- Akvaservice AS index 50, rank 1,007 · compare
- Agny Fisk AS index 50, rank 1,010 · compare
- R-Hansen AS index 50, rank 1,012 · compare
- Kamilla AS index 50, rank 1,014 · compare