Liquidity
Strong1.71
How the figure is assessed
Current assets divided by current liabilities. Below 1.0 is weak, 1.0–1.5 needs attention and 1.5 or more is strong.
NORCOD AS
Org. no. 821 489 962 · Private limited company (AS) · Active · Thomas Angells gate 22, 7011, TRONDHEIM · TRONDHEIM · 03.211 – Production of food fish, molluscs, crustaceans and echinoderms in marine aquaculture
ActiveVAT registeredRegister of Business Enterprises
- Organisation form
- AS
- Employees
- 68
- Established
- 7 August 2018
- Municipality
- TRONDHEIM
- Industry code
- 03.211
NORCOD AS is a private limited company (as) registered in TRONDHEIM since 2018. The organisation number is 821 489 962. The register lists 68 employees. The latest submitted annual accounts are for 2025.
Source: The Brønnøysund Register Centre · Last updated 15 November 2026 at 22:58
Overview
Quick overview
Status and key figures
Based on the latest submitted annual accounts (2025) and registry data.
Profitability
Weak-46.5 %
How the figure is assessed
Operating profit divided by operating revenue. Below 0% is weak, 0–10% needs attention and 10% or more is strong.
Solidity
Strong51.6 %
How the figure is assessed
Equity divided by assets. Below 10% is weak, 10–30% needs attention and 30% or more is strong.
- Operating revenue
- 431.8 m NOK
- -2.8 % vs. the year before
- Net result
- -221.0 m NOK
- Fiscal year 2025
- Equity
- 249.5 m NOK
- Fiscal year 2025
- Status
- Active
- Central Coordinating Register
- Employees
- 68
- Registered in the Central Coordinating Register
- Founded
- 7 August 2018
- Place
- TRONDHEIM
- Industry
- Production of food fish, molluscs, crustaceans and echinoderms in marine aquaculture
- 03.211
- Public contracts
- –
- Roles
- 10
- People and entities
The gauges are calculated key figures with open thresholds, not a credit assessment. All amounts come from the Register of Company Accounts.
Calculated by us
Proffi Risk Indicator
83
av 100
Low risk
Based on status, solvency, liquidity, profitability, trend and how recent the accounts are. Public register data only.
This is an indicative assessment, not a credit rating. It does not replace your own due diligence before entering into an agreement.
Proffi+
Proffi estimated value
Calculating …
Indicative model estimate based on public accounting figures and typical industry multiples. Not an appraisal, a valuation or investment advice.
Development
Revenue and profit
RevenueResult
Development
Solvency and profitability (%)
SolidityProfitability
Registry data
Company information
- Organisation number
- 821 489 962
- Organisation form
- Private limited company (AS)
- Registered in the Central Coordinating Register
- 17 October 2018
- Date of incorporation
- 7 August 2018
- Number of employees
- 68
- Language form
- Norwegian Bokmål
- Latest submitted annual accounts
- 2025
- Deleted
- Not provided
- Website
- Not stated
- Bankruptcy date
- Not provided
Addresses
Visiting and postal address
Business address
Thomas Angells gate 227011 TRONDHEIMTRONDHEIM municipalityNorgePostal address
Not registered
Industry
Industry and sector
- 03.211
Production of food fish, molluscs, crustaceans and echinoderms in marine aquaculture(main industry)
A Agriculture, forestry and fishing › 03 Fishing and aquaculture › 03.2 Aquaculture › 03.21 Marine aquaculture
See the industry: largest companies and key figures →What does this industry cover?
Inkluderer: Omfatter kommersiell produksjon av akvatiske organismer i hav eller kyst, med sikte på slakting til konsum Inkluderer også: Omfatter også havbeite: akvakultur av krepsdyr, bløtdyr og pigghuder i form av bunnkultur uten at dyrene blir holdt i fangenskap
Institutional sector code: Private aksjeselskaper mv. (2100)
Statutory purpose
Produksjon av matfisk, bløtdyr, krepsdyr og pigghuder i hav- og kystbasert aquakultur, samt all annen virksomhet som står i forbindelse med dette, herunder å investere og eie aksjer i andre selskaper.
Registry status
Registrations and status
- Registered in the Register of Business Enterprises
- Registered in the VAT register
- Registered in the Register of Non-Profit Organisations
- Registered in the Register of Foundations
- Bankruptcy
- In liquidation
- In compulsory liquidation
Experiences
Reviews
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Accounts
Financial overview
Accounts and key figures
Fiscal year 2025 · Amounts in NOK
Data basis
6 stored years
Liquidity
Strong1.71
How the figure is assessed
Current assets divided by current liabilities. Below 1.0 is weak, 1.0–1.5 needs attention and 1.5 or more is strong.
Profitability
Weak-46.5 %
How the figure is assessed
Operating profit divided by operating revenue. Below 0% is weak, 0–10% needs attention and 10% or more is strong.
Solidity
Strong51.6 %
How the figure is assessed
Equity divided by assets. Below 10% is weak, 10–30% needs attention and 30% or more is strong.
Key numbers and development
Only reported amounts from the Register of Company Accounts
| Accounting item | 2025 | 2025 | 2024 | Development |
|---|---|---|---|---|
| Operating revenue | 431,794,853 | 444,372,000 | 397,183,000 | |
| Operating profit | -200,778,215 | -208,494,000 | -204,970,000 | |
| Profit before tax | -221,089,202 | -235,303,000 | -235,003,000 | |
| Net result | -220,955,871 | -235,303,000 | -235,003,000 | |
| Total assets | 483,900,550 | 600,809,000 | 673,978,000 | |
| Equity | 249,537,136 | 232,782,000 | 156,092,000 | |
| Liabilities | 234,363,414 | 368,027,000 | 517,886,000 |
The gauges are calculated key figures with open thresholds. They are not a credit assessment.
Graphical analysis
6 fiscal years (2023–2025)
- Operating revenue 2025
- 431,794,853 NOK
- Net result 2025
- -220,955,871 NOK
- Revenue growth
- –
Revenue and profit
Amounts in NOK
Operating margin
Calculated by us, in percent
Equity and liabilities
Balance sheet in NOK
Register of Company Accounts
Annual accounts 2025
Period 2025-01-01 to 2025-12-31. Currency NOK. Audited annual accounts.
Income statement
| Total operating revenue | 431,794,853 NOK |
|---|---|
| Total operating expenses | 632,573,068 NOK |
| Operating profit | -200,778,215 NOK |
| Total financial income | 1,214,111 NOK |
| Total financial expenses | 21,525,098 NOK |
| Net financial items | -20,310,987 NOK |
| Profit before tax | -221,089,202 NOK |
| Net result | -220,955,871 NOK |
Assets
| Total fixed assets | 176,068,044 NOK |
|---|---|
| Total current assets | 307,832,506 NOK |
| Total assets | 483,900,550 NOK |
Equity and liabilities
| Paid-in equity | 1,339,017,746 NOK |
|---|---|
| Retained earnings | -1,089,480,610 NOK |
| Total equity | 249,537,136 NOK |
| Current liabilities | 179,673,819 NOK |
| Long-term liabilities | 54,689,595 NOK |
| Total debt | 234,363,414 NOK |
| Total equity and liabilities | 483,900,550 NOK |
Register of Company Accounts
Annual accounts 2025
Period 2025-01-01 to 2025-12-31. Currency NOK. Audited annual accounts.
Income statement
| Total operating revenue | 444,372,000 NOK |
|---|---|
| Total operating expenses | 652,866,000 NOK |
| Operating profit | -208,494,000 NOK |
| Total financial expenses | 26,809,000 NOK |
| Net financial items | -26,809,000 NOK |
| Profit before tax | -235,303,000 NOK |
| Net result | -235,303,000 NOK |
Assets
| Total fixed assets | 342,861,000 NOK |
|---|---|
| Total current assets | 257,948,000 NOK |
| Total assets | 600,809,000 NOK |
Equity and liabilities
| Paid-in equity | 1,335,332,000 NOK |
|---|---|
| Retained earnings | -1,102,550,000 NOK |
| Total equity | 232,782,000 NOK |
| Current liabilities | 216,131,000 NOK |
| Long-term liabilities | 151,896,000 NOK |
| Total debt | 368,027,000 NOK |
| Total equity and liabilities | 600,809,000 NOK |
Register of Company Accounts
Annual accounts 2024
Period 2024-01-01 to 2024-12-31. Currency NOK. Audited annual accounts.
Income statement
| Total operating revenue | 397,183,000 NOK |
|---|---|
| Total operating expenses | 602,153,000 NOK |
| Operating profit | -204,970,000 NOK |
| Total financial income | 0 NOK |
| Total financial expenses | 30,033,000 NOK |
| Net financial items | -30,033,000 NOK |
| Profit before tax | -235,003,000 NOK |
| Net result | -235,003,000 NOK |
Assets
| Total fixed assets | 341,063,000 NOK |
|---|---|
| Total current assets | 332,915,000 NOK |
| Total assets | 673,978,000 NOK |
Equity and liabilities
| Paid-in equity | 1,023,338,000 NOK |
|---|---|
| Retained earnings | -867,246,000 NOK |
| Total equity | 156,092,000 NOK |
| Current liabilities | 389,712,000 NOK |
| Long-term liabilities | 128,174,000 NOK |
| Total debt | 517,886,000 NOK |
| Total equity and liabilities | 673,978,000 NOK |
Register of Company Accounts
Annual accounts 2024
Period 2024-01-01 to 2024-12-31. Currency NOK. Audited annual accounts.
Income statement
| Total operating revenue | 381,976,883 NOK |
|---|---|
| Total operating expenses | 588,211,590 NOK |
| Operating profit | -206,234,707 NOK |
| Total financial income | 1,237,411 NOK |
| Total financial expenses | 20,998,993 NOK |
| Net financial items | -19,761,582 NOK |
| Profit before tax | -225,996,289 NOK |
| Net result | -225,820,943 NOK |
Assets
| Total fixed assets | 156,174,865 NOK |
|---|---|
| Total current assets | 358,106,849 NOK |
| Total assets | 514,281,714 NOK |
Equity and liabilities
| Paid-in equity | 1,027,024,685 NOK |
|---|---|
| Retained earnings | -868,524,739 NOK |
| Total equity | 158,499,946 NOK |
| Current liabilities | 325,965,007 NOK |
| Long-term liabilities | 29,816,761 NOK |
| Total debt | 355,781,768 NOK |
| Total equity and liabilities | 514,281,714 NOK |
Register of Company Accounts
Annual accounts 2023
Period 2023-01-01 to 2023-12-31. Currency NOK. Audited annual accounts.
Income statement
| Total operating revenue | 269,419,000 NOK |
|---|---|
| Total operating expenses | 485,288,000 NOK |
| Operating profit | -215,869,000 NOK |
| Total financial income | 1,489,000 NOK |
| Total financial expenses | 34,921,000 NOK |
| Net financial items | -33,432,000 NOK |
| Profit before tax | -249,301,000 NOK |
| Net result | -246,180,000 NOK |
Assets
| Total fixed assets | 349,527,000 NOK |
|---|---|
| Total current assets | 345,266,000 NOK |
| Total assets | 694,793,000 NOK |
Equity and liabilities
| Paid-in equity | 857,049,000 NOK |
|---|---|
| Retained earnings | -632,242,000 NOK |
| Total equity | 224,807,000 NOK |
| Current liabilities | 316,521,000 NOK |
| Long-term liabilities | 153,465,000 NOK |
| Total debt | 469,986,000 NOK |
| Total equity and liabilities | 694,793,000 NOK |
Register of Company Accounts
Annual accounts 2023
Period 2023-01-01 to 2023-12-31. Currency NOK. Audited annual accounts.
Income statement
| Total operating revenue | 249,154,813 NOK |
|---|---|
| Total operating expenses | 461,559,685 NOK |
| Operating profit | -212,404,872 NOK |
| Total financial income | 851,045 NOK |
| Total financial expenses | 42,707,352 NOK |
| Net financial items | -41,856,307 NOK |
| Profit before tax | -254,261,179 NOK |
| Net result | -253,960,378 NOK |
Assets
| Total fixed assets | 153,727,540 NOK |
|---|---|
| Total current assets | 370,642,341 NOK |
| Total assets | 524,369,881 NOK |
Equity and liabilities
| Paid-in equity | 860,736,182 NOK |
|---|---|
| Retained earnings | -642,703,796 NOK |
| Total equity | 218,032,386 NOK |
| Current liabilities | 272,986,549 NOK |
| Long-term liabilities | 33,350,945 NOK |
| Total debt | 306,337,494 NOK |
| Total equity and liabilities | 524,369,880 NOK |
Source: Register of Company Accounts, Brønnøysund Register Centre. Figures are shown as submitted, and historical years are never overwritten by newer submissions.
Key figures
Calculated by us
Key figures
| Key figures | 2025 | 2025 | 2024 | 2024 | 2023 | 2023 |
|---|---|---|---|---|---|---|
| Revenue growthChange in total operating revenue from the previous fiscal year. | – | 11.9 % | – | – | – | – |
| Operating marginOperating profit divided by total operating revenue. | -46.5 % | -46.9 % | -51.6 % | -54 % | -80.1 % | -85.3 % |
| Profit marginOrdinary profit before tax divided by total operating revenue. | -51.2 % | -53 % | -59.2 % | -59.2 % | -92.5 % | -102 % |
| Equity ratioTotal equity divided by total assets. | 51.6 % | 38.7 % | 23.2 % | 30.8 % | 32.4 % | 41.6 % |
| Current ratioTotal current assets divided by total current liabilities. | 1.71 | 1.19 | 0.85 | 1.1 | 1.09 | 1.36 |
| Debt ratioTotal liabilities divided by total equity. | 0.94 | 1.58 | 3.32 | 2.24 | 2.09 | 1.41 |
| Return on assetsOrdinary profit before tax plus financial expenses, divided by total assets. | -41.2 % | -34.7 % | -30.4 % | -39.9 % | -30.9 % | -40.3 % |
| Return on equityNet profit divided by total equity. | -88.5 % | -101.1 % | -150.6 % | -142.5 % | -109.5 % | -116.5 % |
About the calculation
The key figures are calculated by us (formula version v1) from public accounts in the Register of Company Accounts. A figure is only calculated when all input values exist and the denominator is not zero. The figures are not a credit assessment.
Roles and owners
Registry data
Roles
Chief executive officer
- Chief executive officerChristian Riber
Board
- Chair of the boardRenate Larsen
- Board memberTrine Lotherington Danielsen
- Board memberBoe Romorus Spurre
- Board memberJan Severin Sølbæk
- Board memberPaul Allan Jewer
- Board memberAntonio Manuel Soares Serrano
- Board memberHege Dahl
Auditor
- AuditorKPMG AS
Accountant
- AccountantKL ØKONOMI OG HR AS
Source: The Brønnøysund Register Centre. We only show name and role as published by the register – never date of birth or private address.
Organisation
Structure
Organisation structure
- Entity type
- Main entity
- Parent entity
- Not stated
- Number of sub-units
- 6
Overview
Structure map
NORCOD AS
NORCOD AS AVD FINNANGERØYA
FOSSLANDSOSEN
NORCOD AS AVD FROSVIKA
ENGAVÅGEN · 14 employees
NORCOD AS AVD JAMNUNGEN
NORDDYRØY · 16 employees
NORCOD AS AVD KVÆFJORD
BORKENES
NORCOD AS AVD LABUKTA
NESNA · 22 employees
NORCOD AS AVD TRONDHEIM
TRONDHEIM · 16 employees
Registry data
Sub-units
| Name | Org. no. | Place | Employees |
|---|---|---|---|
| NORCOD AS AVD FINNANGERØYAProduksjon av fisk, bløtdyr, krepsdyr og pigghuder i sjø og brakkvann | 827 473 782 | FOSSLANDSOSEN | – |
| NORCOD AS AVD FROSVIKAProduksjon av fisk, bløtdyr, krepsdyr og pigghuder i sjø og brakkvann | 927 473 828 | ENGAVÅGEN | 14 |
| NORCOD AS AVD JAMNUNGENProduksjon av fisk, bløtdyr, krepsdyr og pigghuder i sjø og brakkvann | 927 473 836 | NORDDYRØY | 16 |
| NORCOD AS AVD KVÆFJORDProduksjon av fisk, bløtdyr, krepsdyr og pigghuder i sjø og brakkvann | 927 473 879 | BORKENES | – |
| NORCOD AS AVD LABUKTAProduksjon av fisk, bløtdyr, krepsdyr og pigghuder i sjø og brakkvann | 931 021 540 | NESNA | 22 |
| NORCOD AS AVD TRONDHEIMProduksjon av fisk, bløtdyr, krepsdyr og pigghuder i sjø og brakkvann | 921 587 759 | TRONDHEIM | 16 |
More about the company
This has not been registered yet. We never show made-up information.
Services and products
The company has not added any services yet.
Public approvals
Not in the Norwegian Building Authority's central approval register.
Public contracts
No notices found in TED where the company is a supplier or contracting authority.
Registered changes
We show changes from the Brønnøysund Register Centre's change log from the next registered change.
Documents
Certificates of registration and other documents require a separate agreement with a document provider.
Transparency
Sources and data quality
Company information
Brønnøysund Register Centre · Public register
Last retrieved 15 November 2026 at 22:58
Open official sourceRoles
Brønnøysund Register Centre · Public register
Last retrieved 15 November 2026 at 22:58
Open official sourceAccounts and key figures
Register of Company Accounts · Public register
Last retrieved 15 November 2026 at 22:58
Open official sourceAddress (verified)
Norwegian Mapping Authority – Geonorge address API · Public register
Last retrieved 15 November 2026 at 22:58
Open official sourceCentral approval
Norwegian Building Authority (DiBK) · No approval found
Last retrieved 15 November 2026 at 22:58
Open official sourceIndustry standard (SN2007)
Statistics Norway – KLASS · Official standard
Last retrieved 15 November 2026 at 22:58
Open official source
Public registry data is updated periodically and cannot be changed by the company. Calculated figures are marked “Calculated by us”.
Report an errorSource
Public registry fields on this page come from the Central Coordinating Register and cannot be changed by the company. Self-reported content is marked separately.
Read about the data sources