SH REFVIK AS
Score · fiscal year 2025
50of 100
How to read this: the company is ahead of 52 % of small companies in the same sector in 2025. What does this mean?
Rank: 2,031 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 95 and solidity 10 out of 100 among small companies in the same sector in 2025. Methodology
Against the sector
SH REFVIK AS is at 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 75.8% (median 9.9%) and equity ratio 0.7% (median 36.4%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 5 MNOK | 2 MNOK |
| Operating margin | 75.8% | 9.9% |
| Profit margin | 62.8% | 6.6% |
| Return on assets | 34.8% | 3.1% |
| Equity ratio | 0.7% | 36.4% |
| Debt-to-equity | 137.83 | 1.03 |
| Current ratio | 0.13 | 1.66 |
| Revenue growth | 110.3% | 13.5% |
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 50, SH REFVIK AS does better than 52% of small companies in the same sector (3,639 companies) in 2025.
Score 2023–2025
- SH REFVIK AS
- Median: small companies in the same sector
SH REFVIK AS has a score of 50 for 2025, rank 2,031 of 4,158 in the sector.
Strongest: Profitability: percentile 95 against peers, operating margin 75.8% against a median of 9.9%. Growth: percentile 87 against peers, revenue growth 110.3% against a median of 13.5%.
Weakest: Liquidity: percentile 10 against peers, current ratio 0.13 against a median of 1.66. Solidity: percentile 10 against peers, equity ratio 0.7% against a median of 36.4%.
Worth a closer look
- Consider strengthening liquidity: current liabilities are 7.4 times current assets. Based on: current ratio 0.13 (median 1.66).
- The equity ratio is very low. Could the company absorb a bad year, and does it need more equity? Based on: equity ratio 0.7% (median 36.4%).
- Strong growth with weak liquidity. Is the growth financed, or does it tie up capital the company does not have? Based on: revenue growth 110.3% (median 13.5%); current ratio 0.13 (median 1.66).
- 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
SH REFVIK AS had an operating margin of 75.8% and an equity ratio of 0.7% in 2025, and ranks 2,031 of 4,158 in Sjømat.
From 2024 to 2025: the operating margin rose from −66.0% to 75.8% and revenue grew by 110%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 0 MNOK and 22 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 5 MNOK |
| EV/EBIT | 8.0 | 22 MNOK |
| P/B | 1.0 | 0 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
- critical
Consider strengthening liquidity: current liabilities are 7.4 times current assets.
Based on: Current ratio 0.13 (median 1.66).
- watch
The equity ratio is very low. Could the company absorb a bad year, and does it need more equity?
Based on: Equity ratio 0.7% (median 36.4%).
- 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 110.3% (median 13.5%); Current ratio 0.13 (median 1.66).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 6.1% 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 | 95 | weight 30% |
|---|---|---|
| Solidity | 10 | weight 25% |
| Liquidity | 10 | weight 15% |
| Growth | 87 | weight 15% |
| Consistency | 28 | weight 15% |
Durability: 32 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is SH REFVIK AS?
The operating margin was 75.8% in 2025, against a median of 9.9% among small companies in the same sector. Return on assets was 34.8%.
How solid is SH REFVIK AS?
The equity ratio was 0.7% in 2025 (median 36.4%). Debt-to-equity was 137.83 (median 1.03).
What is the liquidity of SH REFVIK AS like?
The current ratio was 0.13 in 2025 (median 1.66). Current assets did not cover current liabilities.
How does SH REFVIK AS compare in Sjømat?
SH REFVIK AS ranks 2,031 of 4,158 in Sjømat for 2025. Among companies of the same size (small companies) it ranks 1,765 of 3,639. Revenue changed by 110.3% from the year before.
From the Central Coordinating Register
- Org. no.
- 994141651
- Legal form
- AS
- Sector
- Sjømat (03.110)
- Size tier
- small
- Employees
- 0–4 (not registered)
- Founded
- 14 May 2009 17 years in operation
- Share capital
- 0.10 MNOK
- Business address
- Gardkroken 7, 6155 ØRSTA
- Municipality
- Ørsta rank 14–35 of 38 in KOSTRA group 7
- Audit
- Audit opted out from 29 November 2012
- 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
- Stig Henning Refvik
- Chair of the board
- Stig Henning Refvik
- Deputy member
- Wenche Elvebakken Refvik
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 | 32 | 14 | 50 | |
| Rank | 2,889 | 3,743 | 2,031 | |
| Operating margin | −15.6% | −66.0% | 75.8% | |
| Return on assets | −4.3% | −13.1% | 34.8% | |
| Equity ratio | 13.1% | −3.6% | 0.7% | |
| Current ratio | 1.21 | 0.25 | 0.13 | |
| Revenue growth | – | −36.1% | 110.3% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 3.9 MNOK | 2.5 MNOK | 5.3 MNOK |
| Operating profit | −0.6 MNOK | −1.7 MNOK | 4.0 MNOK |
| Profit before tax | −1.2 MNOK | −2.7 MNOK | 3.3 MNOK |
| Net profit | −1.0 MNOK | −2.3 MNOK | 0.5 MNOK |
| Financial expenses | 0.6 MNOK | 1.0 MNOK | 0.7 MNOK |
| Total assets | 14.4 MNOK | 12.7 MNOK | 11.6 MNOK |
| Current assets | 1.8 MNOK | 0.6 MNOK | 0.2 MNOK |
| Equity | 1.9 MNOK | −0.5 MNOK | 0.1 MNOK |
| Retained earnings | 1.8 MNOK | −0.6 MNOK | 0.0 MNOK |
| Total liabilities | 12.5 MNOK | 13.1 MNOK | 11.5 MNOK |
| Current liabilities | 1.5 MNOK | 2.6 MNOK | 1.4 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 29 October 2026, accounts id 7128009.
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