HAVSUND AS
Score · fiscal year 2025
57of 100
How to read this: the company is ahead of 67 % of companies in the Morning class Micro in the same sector in 2025. What does this mean?
Rank in the Morning class Micro: 403 of 1,211 · What are Morning company classes?
Place in the whole sector: 732 of 2,232 · Sjømat
Profile
Lion · Leader
High profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 51 and solidity 78 out of 100 among companies in the Morning class Micro in the same sector in 2025. Methodology
Against the sector
HAVSUND AS is 7 points above the median for companies in the Morning class Micro in the same sector in 2025.
Median score 50 among 1,211 companies.
Against companies in the Morning class Micro in the same sector in 2025: operating margin 15.6% (median 13.5%) and equity ratio 72.4% (median 34.7%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 8 MNOK | 3 MNOK |
| Operating margin | 15.6% | 13.5% |
| Profit margin | 17.7% | 9.8% |
| Return on assets | 6.6% | 7.3% |
| Equity ratio | 72.4% | 34.7% |
| Debt-to-equity | 0.38 | 1.44 |
| Current ratio | 2.90 | 1.72 |
| Revenue growth | −7.1% | 23.4% |
The median and “ahead of” refer to companies in the Morning class Micro in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 57, HAVSUND AS does better than 67% of companies in the Morning class Micro in the same sector (1,211 companies) in 2025.
Score 2023–2025
- HAVSUND AS
- Median: companies in the Morning class Micro in the same sector
HAVSUND AS has a score of 57 for 2025, rank 732 of 2,232 in the sector.
Strongest: Solidity: percentile 78 against peers, equity ratio 72.4% against a median of 34.7%. Liquidity: percentile 68 against peers, current ratio 2.90 against a median of 1.72.
Weakest: Growth: percentile 18 against peers, revenue growth −7.1% against a median of 23.4%.
Worth a closer look
- What lies behind weak growth, 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
HAVSUND AS had an operating margin of 15.6% and an equity ratio of 72.4% in 2025, and ranks 732 of 2,232 in Sjømat.
From 2024 to 2025: the operating margin rose from 9.7% to 15.6%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 11 MNOK and 18 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 11 MNOK |
| EV/EBIT | 8.0 | 17 MNOK |
| P/B | 1.0 | 18 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
No rules were triggered for this year.
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 2.6% 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.
See interest rates, prices and exchange rates for the sector
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 −0.5%. 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 | 51 | weight 30% |
|---|---|---|
| Solidity | 78 | weight 25% |
| Liquidity | 68 | weight 15% |
| Growth | 18 | weight 15% |
| Consistency | 63 | weight 15% |
Durability: 67 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is HAVSUND AS?
The operating margin was 15.6% in 2025, against a median of 13.5% among companies in the Morning class Micro in the same sector. Return on assets was 6.6%.
How solid is HAVSUND AS?
The equity ratio was 72.4% in 2025 (median 34.7%). Debt-to-equity was 0.38 (median 1.44).
What is the liquidity of HAVSUND AS like?
The current ratio was 2.90 in 2025 (median 1.72).
How does HAVSUND AS compare in Sjømat?
HAVSUND AS ranks 732 of 2,232 in Sjømat for 2025. Among companies in the Morning class Micro it is number 403 of 1,211. Revenue changed by −7.1% from the year before.
Public contracts
- Contracts awarded since 2024
- 1
- Total awarded value since 2024
- 1.0 MNOK
| Date | Buyer | Notice | Value |
|---|---|---|---|
| 6 April 2026 | Havforskningsinstituttet | 25/02546 Leie av ett kystfartøy til tråling etter vill laksesmolt i Boknafjorden | 1.0 MNOK |
Based on notices in Doffin. Does not show call-offs under framework agreements or purchases below the publication threshold. Values are as stated by the buyer.
Source: Doffin (DFØ), fetched 27 October 2026. Winners are matched on organisation number.
Contains data under the Norwegian licence for public data (NLOD 2.0) made available by Doffin/the Norwegian Agency for Public and Financial Management (DFØ). NLOD 2.0
From the Central Coordinating Register
- Org. no.
- 997935209
- Legal form
- AS
- Sector
- Sjømat (03.110)
- Morning company class
- Micro
- Employees
- 0–4 (not registered)
- Founded
- 30 January 2012 14 years in operation
- Share capital
- 0.29 MNOK
- Business address
- Vallåsbakken 26, 4432 HIDRASUND (FLEKKEFJORD)
- Municipality
- Flekkefjord rank 13–26 of 39 in KOSTRA group 4
- Latest accounts filed
- 2025
- LEI
- 254900FA2OJOXMYLRA82 renews 24 April 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
- Alf Ulland
- Chair of the board
- Alf Ulland
- Board member
- Alf Erik Ulland
- Deputy member
- Inger Lise Ulland
- Auditor
- BRULI REVISJON AS
- Accountant
- REGNSKAP-SERVICE FLEKKEFJORD AS
Source: Central Coordinating Register, fetched 29 October 2026. Only names are shown.
- Parent company
- No parent company: owned by persons
Source: GLEIF (Global Legal Entity Identifier Foundation), fetched 29 October 2026. The parent is the one the company itself reported to GLEIF.
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 | 91 | 53 | 57 | |
| Rank | 27 | 881 | 732 | |
| Operating margin | 59.9% | 9.7% | 15.6% | |
| Return on assets | 38.6% | 5.2% | 6.6% | |
| Equity ratio | 67.9% | 67.8% | 72.4% | |
| Current ratio | 5.13 | 1.41 | 2.90 | |
| Revenue growth | – | −44.3% | −7.1% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 15.5 MNOK | 8.7 MNOK | 8.1 MNOK |
| Operating profit | 9.3 MNOK | 0.8 MNOK | 1.3 MNOK |
| Profit before tax | 9.1 MNOK | 1.0 MNOK | 1.4 MNOK |
| Net profit | 7.1 MNOK | 0.8 MNOK | 1.1 MNOK |
| Financial expenses | −0.3 MNOK | 0.2 MNOK | 0.2 MNOK |
| Total assets | 22.9 MNOK | 24.2 MNOK | 24.2 MNOK |
| Current assets | 9.0 MNOK | 4.1 MNOK | 7.5 MNOK |
| Equity | 15.6 MNOK | 16.4 MNOK | 17.5 MNOK |
| Retained earnings | 15.3 MNOK | 16.1 MNOK | 17.2 MNOK |
| Total liabilities | 7.4 MNOK | 7.8 MNOK | 6.7 MNOK |
| Current liabilities | 1.7 MNOK | 2.9 MNOK | 2.6 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 29 October 2026, accounts id 6834798.
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