POLARBRIS AS
Score · fiscal year 2025
49of 100
How to read this: the company is ahead of 47 % of medium-sized companies in the same sector in 2025. What does this mean?
Rank: 2,172 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 76 and solidity 14 out of 100 among medium-sized companies in the same sector in 2025. Methodology
Against the sector
POLARBRIS AS is at the median for medium-sized companies in the same sector in 2025.
Median score 49 among 461 companies.
Against medium-sized companies in the same sector in 2025: operating margin 32.0% (median 10.6%) and equity ratio 18.7% (median 41.4%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 122 MNOK | 192 MNOK |
| Operating margin | 32.0% | 10.6% |
| Profit margin | 22.0% | 7.5% |
| Return on assets | 12.2% | 7.7% |
| Equity ratio | 18.7% | 41.4% |
| Debt-to-equity | 4.36 | 1.37 |
| Current ratio | 1.03 | 1.70 |
| Revenue growth | 163.7% | 8.6% |
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 49, POLARBRIS AS does better than 47% of medium-sized companies in the same sector (461 companies) in 2025.
Score 2023–2025
- POLARBRIS AS
- Median: medium-sized companies in the same sector
POLARBRIS AS has a score of 49 for 2025, rank 2,172 of 4,158 in the sector.
Strongest: Growth: percentile 97 against peers, revenue growth 163.7% against a median of 8.6%. Profitability: percentile 76 against peers, operating margin 32.0% against a median of 10.6%.
Weakest: Solidity: percentile 14 against peers, equity ratio 18.7% against a median of 41.4%. Consistency: percentile 24 against peers.
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 163.7% (median 8.6%); current ratio 1.03 (median 1.70).
- What lies behind weak solidity, and will it last?
- What lies behind weak consistency, 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
POLARBRIS AS had an operating margin of 32.0% and an equity ratio of 18.7% in 2025, and ranks 2,172 of 4,158 in Sjømat.
From 2024 to 2025: revenue grew by 164% and the operating margin rose from 4.1% to 32.0%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 61 MNOK and 204 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 204 MNOK |
| EV/EBIT | 8.0 | 152 MNOK |
| P/B | 1.0 | 61 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 163.7% (median 8.6%); Current ratio 1.03 (median 1.70).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 4.9% 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 | 76 | weight 30% |
|---|---|---|
| Solidity | 14 | weight 25% |
| Liquidity | 26 | weight 15% |
| Growth | 97 | weight 15% |
| Consistency | 24 | weight 15% |
Durability: 40 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is POLARBRIS AS?
The operating margin was 32.0% in 2025, against a median of 10.6% among medium-sized companies in the same sector. Return on assets was 12.2%.
How solid is POLARBRIS AS?
The equity ratio was 18.7% in 2025 (median 41.4%). Debt-to-equity was 4.36 (median 1.37).
What is the liquidity of POLARBRIS AS like?
The current ratio was 1.03 in 2025 (median 1.70).
How does POLARBRIS AS compare in Sjømat?
POLARBRIS AS ranks 2,172 of 4,158 in Sjømat for 2025. Among companies of the same size (medium-sized companies) it ranks 245 of 461. Revenue changed by 163.7% from the year before.
From the Central Coordinating Register
- Org. no.
- 987364718
- Legal form
- AS
- Sector
- Sjømat (03.110)
- Size tier
- medium
- Employees
- 0–4 (not registered)
- Founded
- 15 September 2004 22 years in operation
- Share capital
- 16.10 MNOK
- Business address
- Notenesgata 3, 6002 ÅLESUND
- Municipality
- Ålesund rank 2–6 of 10 in KOSTRA group 11
- 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
- Chief executive
- Kjell-Gunnar Hoddevik
- Chair of the board
- Per Magne Eggesbø
- Board member
- Jan-Ove Langeland
- Board member
- Jonny Terje Årvik
- Board member
- Ann-Mari Slinning
- Board member
- Sara Elisabeth Hoddevik
- Deputy member
- Kjell-Gunnar Hoddevik
- Auditor
- BDO AS
- Accountant
- ENORA 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 | 41 | 31 | 49 | |
| Rank | 2,401 | 3,141 | 2,172 | |
| Operating margin | 8.4% | 4.1% | 32.0% | |
| Return on assets | 4.8% | 1.0% | 12.2% | |
| Equity ratio | 22.9% | 9.7% | 18.7% | |
| Current ratio | 0.53 | 0.40 | 1.03 | |
| Revenue growth | – | −43.6% | 163.7% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 81.8 MNOK | 46.1 MNOK | 121.6 MNOK |
| Operating profit | 6.9 MNOK | 1.9 MNOK | 38.9 MNOK |
| Profit before tax | 5.1 MNOK | −7.6 MNOK | 26.7 MNOK |
| Net profit | 3.9 MNOK | −6.0 MNOK | 20.4 MNOK |
| Financial expenses | 1.9 MNOK | 10.4 MNOK | 13.0 MNOK |
| Total assets | 145.4 MNOK | 276.8 MNOK | 324.6 MNOK |
| Current assets | 50.2 MNOK | 24.6 MNOK | 83.5 MNOK |
| Equity | 33.4 MNOK | 26.9 MNOK | 60.6 MNOK |
| Retained earnings | 17.3 MNOK | 10.2 MNOK | 10.2 MNOK |
| Total liabilities | 112.1 MNOK | 250.0 MNOK | 264.1 MNOK |
| Current liabilities | 95.6 MNOK | 61.6 MNOK | 81.2 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 29 October 2026, accounts id 6692182.
Further
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