Drågen Smokehouse AS
Score · fiscal year 2025
33of 100
How to read this: the company is ahead of 17 % of companies in the Morning class Small in the same sector in 2025. What does this mean?
Rank in the Morning class Small: 345 of 414 · What are Morning company classes?
Place in the whole sector: 1,832 of 2,213 · Sjømat
Profile
Beaver · Builder
Lower profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 26 and solidity 0 out of 100 among companies in the Morning class Small in the same sector in 2025. Methodology
Against the sector
Drågen Smokehouse AS is 17 points below the median for companies in the Morning class Small in the same sector in 2025.
Median score 50 among 414 companies.
Against companies in the Morning class Small in the same sector in 2025: operating margin 0.7% (median 11.8%) and equity ratio −7.3% (median 31.0%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 11 MNOK | 22 MNOK |
| Operating margin | 0.7% | 11.8% |
| Profit margin | −1.4% | 5.4% |
| Return on assets | 1.5% | 6.8% |
| Equity ratio | −7.3% | 31.0% |
| Debt-to-equity | – | 1.89 |
| Current ratio | 2.01 | 1.63 |
| Revenue growth | 16.7% | 13.2% |
| Revenue per employee | 0.63 MNOK | 2.19 MNOK |
The median and “ahead of” refer to companies in the Morning class Small in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 33, Drågen Smokehouse AS does better than 17% of companies in the Morning class Small in the same sector (414 companies) in 2025.
Score 2023–2025
- Drågen Smokehouse AS
- Median: companies in the Morning class Small in the same sector
Drågen Smokehouse AS has a score of 33 for 2025, rank 1,832 of 2,213 in the sector.
Strongest: Liquidity: percentile 61 against peers, current ratio 2.01 against a median of 1.63.
Weakest: Solidity: percentile 0 against peers, equity ratio −7.3% against a median of 31.0%. Profitability: percentile 26 against peers, operating margin 0.7% against a median of 11.8%.
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 −7.3% (median 31.0%).
- The company made a loss before tax. Are these one-off items or a pattern? Based on: profit margin −1.4% (median 5.4%).
- What lies behind weak solidity, and will it last?
- What lies behind weak profitability, 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
Drågen Smokehouse AS had an operating margin of 0.7% and an equity ratio of −7.3% in 2025, and ranks 1,832 of 2,213 in Sjømat.
From 2024 to 2025: went from a profit to a loss before tax and the operating margin fell from 9.9% to 0.7%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 1 MNOK and 2 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 16.9 | 1 MNOK |
| EV/EBIT | 17.0 | 2 MNOK |
| P/B | 2.2 | not meaningful |
The listed basis is the value at listed multiples. The estimate is lowered by 51% for an unlisted company: 20% for lack of marketability and 38% for size (a small-company premium of 4% on the cost of equity).
A mechanical estimate from public accounts, not advice. A mechanical estimate from public accounts with listed multiples and fixed adjustments. Not a valuation and not advice to buy or sell. 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 −7.3% (median 31.0%).
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −1.4% (median 5.4%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 4.1% 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.
See interest rates, prices and exchange rates for the sector
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 −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 | 26 | weight 30% |
|---|---|---|
| Solidity | 0 | weight 25% |
| Liquidity | 61 | weight 15% |
| Growth | 55 | weight 15% |
| Consistency | 50 | weight 15% |
Durability: 31 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Drågen Smokehouse AS?
The operating margin was 0.7% in 2025, against a median of 11.8% among companies in the Morning class Small in the same sector. Return on assets was 1.5%. The company made a loss before tax.
How solid is Drågen Smokehouse AS?
The equity ratio was −7.3% in 2025 (median 31.0%). Equity is negative, so liabilities exceed assets.
What is the liquidity of Drågen Smokehouse AS like?
The current ratio was 2.01 in 2025 (median 1.63).
How does Drågen Smokehouse AS compare in Sjømat?
Drågen Smokehouse AS ranks 1,832 of 2,213 in Sjømat for 2025. Among companies in the Morning class Small it is number 345 of 414. Revenue changed by 16.7% from the year before.
From the Central Coordinating Register
- Org. no.
- 999329586
- Legal form
- AS
- Sector
- Sjømat (10.203)
- Morning company class
- Small
- Employees
- 17 registered 10 October 2026
- Founded
- 20 December 2012 13 years in operation
- Share capital
- 0.48 MNOK
- Business address
- Prestgardsvegen 146, 6430 BUD (HUSTADVIKA)
- Municipality
- Hustadvika rank 13–22 of 38 in KOSTRA group 7
- 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
Loading roles …
Source: Central Coordinating Register, fetched 29 October 2026. Only names are shown.
Shareholders (2025)
- Number of shareholders
- 2 (one owner holds more than half)
- Largest owner
- 99.3%
- Split
- companies 99% · private persons 1% · foreign 1%
- Owned from the same municipality
- 100%
- Group chain
-
Owned by: Bedre Helse AS (99%)
Ultimate owner: Bedre Helse AS
The owner: the majority owner Bedre Helse AS (holds 99%) made a loss in 2025. A weak parent can affect the subsidiary through group contributions, loans and guarantees. It is an indication to watch, not an assessment of the company.
- Bedre Helse AS · 99.3%
- 1 private persons · 0.7%
The company is new in the shareholder register in 2025.
Source: the Norwegian Tax Administration's shareholder register as of 2025. Figures may be older than today's ownership. Private persons are not shown by name.
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 | 13 | 47 | 33 | |
| Rank | 1,950 | 1,128 | 1,832 | |
| Operating margin | 1.9% | 9.9% | 0.7% | |
| Return on assets | −9.9% | 24.5% | 1.5% | |
| Equity ratio | −40.7% | −6.1% | −7.3% | |
| Current ratio | 1.05 | 1.43 | 2.01 | |
| Revenue growth | – | 14.5% | 16.7% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 8.0 MNOK | 9.2 MNOK | 10.7 MNOK |
| Operating profit | 0.2 MNOK | 0.9 MNOK | 0.1 MNOK |
| Profit before tax | 0.0 MNOK | 0.7 MNOK | −0.2 MNOK |
| Tax expense | – | – | 0.0 MNOK |
| Net profit | 0.0 MNOK | 0.7 MNOK | −0.2 MNOK |
| Financial expenses | −0.2 MNOK | 0.2 MNOK | 0.2 MNOK |
| Total assets | 2.3 MNOK | 3.7 MNOK | 5.2 MNOK |
| Current assets | 1.3 MNOK | 2.4 MNOK | 3.6 MNOK |
| Equity | −0.9 MNOK | −0.2 MNOK | −0.4 MNOK |
| Retained earnings | −1.6 MNOK | −0.9 MNOK | −1.1 MNOK |
| Total liabilities | 3.2 MNOK | 4.0 MNOK | 5.6 MNOK |
| Current liabilities | 1.3 MNOK | 1.7 MNOK | 1.8 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 29 October 2026, accounts id 7168289.
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