KARELLA AS
Score · fiscal year 2023
28of 100
How to read this: the company is ahead of 20 % of small companies in the same sector in 2023. What does this mean?
Rank: 3,005 of 3,738 · Sjømat
Profile
Cheetah · Sprinter
High profitability, lower solidity
Position against comparable companies in 2023, not a verdict on the company. Based on profitability 67 and solidity 0 out of 100 among small companies in the same sector in 2023. Methodology
Against the sector
KARELLA AS is 22 points below the median for small companies in the same sector in 2023.
Median score 50 among 3,282 companies.
Against small companies in the same sector in 2023: operating margin 13.2% (median 9.0%) and equity ratio −83.5% (median 35.9%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 1 MNOK | 2 MNOK |
| Operating margin | 13.2% | 9.0% |
| Profit margin | 12.4% | 5.5% |
| Return on assets | 11.9% | 2.7% |
| Equity ratio | −83.5% | 35.9% |
| Debt-to-equity | – | 1.08 |
| Current ratio | 0.40 | 1.66 |
| Revenue growth | – | 10.5% |
The median and “ahead of” refer to small companies in the same sector in 2023. The bar shows the share of companies the figure is ahead of.
With an index of 28, KARELLA AS does better than 20% of small companies in the same sector (3,284 companies) in 2023.
Score 2023–2025
- KARELLA AS
- Median: small companies in the same sector
What the numbers say
KARELLA AS had an operating margin of 13.2% and an equity ratio of −83.5% in 2023, and ranks 3,005 of 3,738 in Sjømat.
This text is generated automatically from the 2023 accounts.
Three simple methods
One method gives a figure: 2 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 2 MNOK |
| EV/EBIT | 8.0 | debt above value |
| 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 −83.5% (median 35.9%).
- critical
Consider strengthening liquidity: current liabilities are 2.5 times current assets.
Based on: Current ratio 0.40 (median 1.66).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were −0.5% of the debt in 2023. The policy rate averaged 3.54 % the same year. This is a plain description of what the debt cost, not a model of interest sensitivity.
Data quality
- 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 | 67 | weight 30% |
|---|---|---|
| Solidity | 0 | weight 25% |
| Liquidity | 18 | weight 15% |
| Growth | – | no data, left out |
| Consistency | 9 | weight 15% |
Index version 2. Data completeness 85%: the share of the weights that had data.
Questions and answers
How profitable is KARELLA AS?
The operating margin was 13.2% in 2023, against a median of 9.0% among small companies in the same sector. Return on assets was 11.9%.
How solid is KARELLA AS?
The equity ratio was −83.5% in 2023 (median 35.9%). Equity is negative, so liabilities exceed assets.
What is the liquidity of KARELLA AS like?
The current ratio was 0.40 in 2023 (median 1.66). Current assets did not cover current liabilities.
How does KARELLA AS compare in Sjømat?
KARELLA AS ranks 3,005 of 3,738 in Sjømat for 2023. Among companies of the same size (small companies) it ranks 2,622 of 3,284.
From the Central Coordinating Register
- Org. no.
- 997191595
- Legal form
- AS
- Sector
- Sjømat (03.110)
- Size tier
- small
- Employees
- 0–4 (not registered)
- Founded
- 1 August 2011 15 years in operation
- Share capital
- 0.20 MNOK
- Business address
- Utgårdsveien 73, 1684 VESTERØY (HVALER)
- Municipality
- Hvaler rank 6–14 of 18 in KOSTRA group 2
- Audit
- Audit opted out from 6 August 2011
- 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
- Bjørne Eriksen
- Chair of the board
- Bjørne Eriksen
- Accountant
- SNØHETTA REGNSKAP ØYER 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 | 28 | 33 | 45 | |
| Rank | 3,005 | 3,056 | 2,540 | |
| Operating margin | 13.2% | 1.1% | 16.7% | |
| Return on assets | 11.9% | 0.3% | 6.6% | |
| Equity ratio | −83.5% | −1.1% | 3.4% | |
| Current ratio | 0.40 | 1.01 | 0.27 | |
| Revenue growth | – | −20.9% | 49.3% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 1.2 MNOK | 1.0 MNOK | 1.5 MNOK |
| Operating profit | 0.2 MNOK | 0.0 MNOK | 0.2 MNOK |
| Profit before tax | 0.2 MNOK | 0.0 MNOK | 0.2 MNOK |
| Net profit | 0.2 MNOK | 0.0 MNOK | 0.2 MNOK |
| Financial expenses | 0.0 MNOK | 0.1 MNOK | 0.1 MNOK |
| Total assets | 1.2 MNOK | 3.7 MNOK | 3.8 MNOK |
| Current assets | 0.1 MNOK | 0.0 MNOK | 0.0 MNOK |
| Equity | −1.0 MNOK | 0.0 MNOK | 0.1 MNOK |
| Retained earnings | −1.1 MNOK | −1.1 MNOK | −1.0 MNOK |
| Total liabilities | 2.2 MNOK | 3.8 MNOK | 3.6 MNOK |
| Current liabilities | 0.3 MNOK | 0.0 MNOK | 0.2 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 29 October 2026, accounts id 4704713.
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