NORICE SEAFOOD AS
Score · fiscal year 2025
56of 100
How to read this: the company is ahead of 63 % of medium-sized companies in the same sector in 2025. What does this mean?
Rank: 15,163 of 38,670 · Handel
Profile
Cheetah · Sprinter
High profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 74 and solidity 39 out of 100 among medium-sized companies in the same sector in 2025. Methodology
Against the sector
NORICE SEAFOOD AS is 7 points above the median for medium-sized companies in the same sector in 2025.
Median score 49 among 2,198 companies.
Against medium-sized companies in the same sector in 2025: operating margin 4.4% (median 3.2%) and equity ratio 26.3% (median 32.6%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 171 MNOK | 173 MNOK |
| Operating margin | 4.4% | 3.2% |
| Profit margin | 3.0% | 3.2% |
| Return on assets | 26.6% | 11.6% |
| Equity ratio | 26.3% | 32.6% |
| Debt-to-equity | 2.80 | 2.03 |
| Current ratio | 1.01 | 1.38 |
| Revenue growth | 50.5% | 6.8% |
| Revenue per employee | 13.16 MNOK | 6.45 MNOK |
The median and “ahead of” refer to medium-sized companies in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 56, NORICE SEAFOOD AS does better than 63% of medium-sized companies in the same sector (2,203 companies) in 2025.
Score 2023–2025
- NORICE SEAFOOD AS
- Median: medium-sized companies in the same sector
NORICE SEAFOOD AS has a score of 56 for 2025, rank 15,163 of 38,670 in the sector.
Strongest: Growth: percentile 92 against peers, revenue growth 50.5% against a median of 6.8%. Profitability: percentile 74 against peers, operating margin 4.4% against a median of 3.2%.
Weakest: Liquidity: percentile 16 against peers, current ratio 1.01 against a median of 1.38. Solidity: percentile 39 against peers, equity ratio 26.3% against a median of 32.6%.
Worth a closer look
- Strong growth with weak liquidity. Is the growth financed, or does it tie up capital the company does not have? Based on: revenue growth 50.5% (median 6.8%); current ratio 1.01 (median 1.38).
- 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
NORICE SEAFOOD AS had an operating margin of 4.4% and an equity ratio of 26.3% in 2025, and ranks 15,163 of 38,670 in Handel.
From 2024 to 2025: revenue grew by 51% and the equity ratio rose from 14.2% to 26.3%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 8 MNOK and 61 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 38 MNOK |
| EV/EBIT | 8.0 | 61 MNOK |
| P/B | 1.0 | 8 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
Strong growth with weak liquidity. Is the growth financed, or does it tie up capital the company does not have?
Based on: Revenue growth 50.5% (median 6.8%); Current ratio 1.01 (median 1.38).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 13.4% 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 2017, the sector's weakest year, for this company.
The sector's weakest year was 2017, with a median operating margin of −65.6%. Based on the 11 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 74 | weight 30% |
|---|---|---|
| Solidity | 39 | weight 25% |
| Liquidity | 16 | weight 15% |
| Growth | 92 | weight 15% |
| Consistency | 48 | weight 15% |
Durability: 43 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is NORICE SEAFOOD AS?
The operating margin was 4.4% in 2025, against a median of 3.2% among medium-sized companies in the same sector. Return on assets was 26.6%.
How solid is NORICE SEAFOOD AS?
The equity ratio was 26.3% in 2025 (median 32.6%). Debt-to-equity was 2.80 (median 2.03).
What is the liquidity of NORICE SEAFOOD AS like?
The current ratio was 1.01 in 2025 (median 1.38).
How does NORICE SEAFOOD AS compare in Handel?
NORICE SEAFOOD AS ranks 15,163 of 38,670 in Handel for 2025. Among companies of the same size (medium-sized companies) it ranks 809 of 2,203. Revenue changed by 50.5% from the year before.
From the Central Coordinating Register
- Org. no.
- 987308362
- Legal form
- AS
- Sector
- Handel (46.322)
- Size tier
- medium
- Employees
- 13 registered 10 September 2026
- Founded
- 30 August 2004 22 years in operation
- Share capital
- 0.12 MNOK
- Business address
- Gvarvgata 39, 3810 GVARV (MIDT-TELEMARK)
- Municipality
- Midt-Telemark rank 29–38 of 38 in KOSTRA group 7
- Latest accounts filed
- 2025
- Website
- www.hoki.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
- Tore Hamre
- Chair of the board
- Tore Hamre
- Auditor
- REVISORTEAM TINN OG VEST-TELEMARK 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 29 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 36 | 37 | 56 | |
| Rank | 24,827 | 26,774 | 15,163 | |
| Operating margin | 1.0% | 2.6% | 4.4% | |
| Return on assets | 4.0% | 10.5% | 26.6% | |
| Equity ratio | 20.1% | 14.2% | 26.3% | |
| Current ratio | 0.73 | 0.93 | 1.01 | |
| Revenue growth | – | 97.8% | 50.5% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 57.4 MNOK | 113.6 MNOK | 171.0 MNOK |
| Operating profit | 0.6 MNOK | 2.9 MNOK | 7.5 MNOK |
| Profit before tax | −0.3 MNOK | 0.8 MNOK | 5.1 MNOK |
| Net profit | −0.3 MNOK | 0.6 MNOK | 3.8 MNOK |
| Financial expenses | 1.1 MNOK | 2.2 MNOK | 3.0 MNOK |
| Total assets | 17.9 MNOK | 29.2 MNOK | 30.2 MNOK |
| Current assets | 9.3 MNOK | 19.3 MNOK | 18.6 MNOK |
| Equity | 3.6 MNOK | 4.1 MNOK | 8.0 MNOK |
| Retained earnings | 3.5 MNOK | 4.0 MNOK | 7.8 MNOK |
| Total liabilities | 14.3 MNOK | 25.1 MNOK | 22.3 MNOK |
| Current liabilities | 12.6 MNOK | 20.7 MNOK | 18.3 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 29 October 2026, accounts id 6388569.
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