HARBOR AS
Score · fiscal year 2025
19of 100
How to read this: the company is ahead of 10 % of small companies in the same sector in 2025. What does this mean?
Rank: 3,788 of 4,158 · Sjømat
Profile
Beaver · Builder
Lower profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 5 and solidity 0 out of 100 among small companies in the same sector in 2025. Methodology
Against the sector
HARBOR AS is 31 points below the median for small companies in the same sector in 2025.
Median score 50 among 3,607 companies.
Against small companies in the same sector in 2025: operating margin −218.4% (median 9.9%) and equity ratio −6.6% (median 36.4%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 13 MNOK | 2 MNOK |
| Operating margin | −218.4% | 9.9% |
| Profit margin | −220.7% | 6.6% |
| Return on assets | −166.8% | 3.1% |
| Equity ratio | −6.6% | 36.4% |
| Debt-to-equity | – | 1.03 |
| Current ratio | 0.32 | 1.66 |
| Revenue growth | 42.8% | 13.5% |
| Revenue per employee | 1.57 MNOK | 1.95 MNOK |
The median and “ahead of” refer to small companies in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 19, HARBOR AS does better than 10% of small companies in the same sector (3,639 companies) in 2025.
Score 2023–2025
- HARBOR AS
- Median: small companies in the same sector
HARBOR AS has a score of 19 for 2025, rank 3,788 of 4,158 in the sector.
Strongest: Growth: percentile 71 against peers, revenue growth 42.8% against a median of 13.5%.
Weakest: Solidity: percentile 0 against peers, equity ratio −6.6% against a median of 36.4%. Profitability: percentile 5 against peers, operating margin −218.4% against a median of 9.9%.
Worth a closer look
- Equity is negative. How will it be rebuilt, and what do lenders and the auditor say about going concern? Based on: equity ratio −6.6% (median 36.4%).
- Consider strengthening liquidity: current liabilities are 3.1 times current assets. Based on: current ratio 0.32 (median 1.66).
- The company made a loss before tax. Are these one-off items or a pattern? Based on: profit margin −220.7% (median 6.6%).
- 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
HARBOR AS had an operating margin of −218.4% and an equity ratio of −6.6% in 2025, and ranks 3,788 of 4,158 in Sjømat.
From 2024 to 2025: the operating margin fell from −196.0% to −218.4% and revenue grew by 43%.
This text is generated automatically from the 2025 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 −6.6% (median 36.4%).
- critical
Consider strengthening liquidity: current liabilities are 3.1 times current assets.
Based on: Current ratio 0.32 (median 1.66).
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −220.7% (median 6.6%).
- watch
The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors?
Based on: Operating margin −218.4% (median 9.9%).
- 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 42.8% (median 13.5%); Current ratio 0.32 (median 1.66).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 3.2% 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
- watch Extreme margin: check the figures
- 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 −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 | 5 | weight 30% |
|---|---|---|
| Solidity | 0 | weight 25% |
| Liquidity | 17 | weight 15% |
| Growth | 71 | weight 15% |
| Consistency | 28 | weight 15% |
Durability: 22 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is HARBOR AS?
The operating margin was −218.4% in 2025, against a median of 9.9% among small companies in the same sector. Return on assets was −166.8%. The company made a loss before tax.
How solid is HARBOR AS?
The equity ratio was −6.6% in 2025 (median 36.4%). Equity is negative, so liabilities exceed assets.
What is the liquidity of HARBOR AS like?
The current ratio was 0.32 in 2025 (median 1.66). Current assets did not cover current liabilities.
How does HARBOR AS compare in Sjømat?
HARBOR AS ranks 3,788 of 4,158 in Sjømat for 2025. Among companies of the same size (small companies) it ranks 3,258 of 3,639. Revenue changed by 42.8% from the year before.
From the Central Coordinating Register
- Org. no.
- 991313451
- Legal form
- AS
- Sector
- Sjømat (03.300)
- Size tier
- small
- Employees
- 8 registered 10 September 2026
- Founded
- 1 March 2007 19 years in operation
- Share capital
- 1.42 MNOK
- Business address
- Tangen 8, 4072 RANDABERG
- Municipality
- Randaberg rank 11 of 38 in KOSTRA group 7
- Latest accounts filed
- 2025
- Website
- www.harbor.no
- LEI
- 636700Z8TR9CENUQJZ03 renews 13 March 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
- Roger Karlsen
- Chair of the board
- Viggo Halseth
- Board member
- Henrik Zetlitz Nessler
- Board member
- Magnus Andreas Devold
- Board member
- Jack Helge Holand
- Board member
- Roger Karlsen
- Auditor
- CROWE STAVANGER REVISJON 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 | 18 | 29 | 19 | |
| Rank | 3,346 | 3,233 | 3,788 | |
| Operating margin | −199.7% | −196.0% | −218.4% | |
| Return on assets | −58.0% | −82.1% | −166.8% | |
| Equity ratio | 19.9% | 14.5% | −6.6% | |
| Current ratio | 0.50 | 0.73 | 0.32 | |
| Revenue growth | – | 62.7% | 42.8% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 5.4 MNOK | 8.8 MNOK | 12.6 MNOK |
| Operating profit | −10.8 MNOK | −17.3 MNOK | −27.5 MNOK |
| Profit before tax | −11.6 MNOK | −20.1 MNOK | −27.8 MNOK |
| Net profit | −11.6 MNOK | −20.1 MNOK | −27.8 MNOK |
| Financial expenses | 0.8 MNOK | 2.9 MNOK | 0.6 MNOK |
| Total assets | 18.5 MNOK | 20.9 MNOK | 16.3 MNOK |
| Current assets | 4.7 MNOK | 8.4 MNOK | 3.9 MNOK |
| Equity | 3.7 MNOK | 3.0 MNOK | −1.1 MNOK |
| Retained earnings | – | – | −2.5 MNOK |
| Total liabilities | 14.8 MNOK | 17.9 MNOK | 17.4 MNOK |
| Current liabilities | 9.4 MNOK | 11.5 MNOK | 12.0 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 29 October 2026, accounts id 7240638.
Further
Similar companies
- SJA FISK AS index 19, rank 3,786 · compare
- BARDEN KYSTFISKE AS index 19, rank 3,787 · compare
- SIMON JOHAN OLSEN AS index 19, rank 3,789 · compare
- NEKTON SEALED AS index 19, rank 3,791 · compare
- AST AS index 19, rank 3,792 · compare