Fishbase Salmon AS
ASActiveOrg 891198752Øysundveien 11, 8820 DønnaMarine aquaculture· NACE 0321Est. 2007 · 19 years old45 employeeshttps://www.fishbase.no
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Overview
Fishbase Salmon AS is a Norwegian AS based in Dønna, operating in the Marine aquaculture sector. Incorporated in 2007, the company has 45 employees and reported revenue of NOK 166.2m in its latest annual filing.
Revenue 2025
166.2M NOK
+161% vs 2024
EBITDA margin
12.2 %
+780% vs 2024
Net profit 2025
8.8M NOK
+197% vs 2024
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
24.2 %
WeakAmong the 40% lowest rated companies in the industry
20212025
Liquidity ratioCurrent assets ÷ Short-term debt
1.9×
AverageAround the average of companies in the same industry
20212025
Return on assets (ROA)Net profit ÷ Total assets × 100
7.9 %
StrongAmong the 30% highest rated companies in the industry
20212025
EBITDA — year on year
NOK millionsKey figures
Annual report 2025| Revenue | 166.2M NOK | +161% |
| EBITDA | 20.3M NOK | +780% |
| Net profit | 8.8M NOK | +197% |
| Total assets | 111.7M NOK | -8% |
| Equity | 27M NOK | +49% |
| Employees | 45 | — |
Company information
Legal name
FISHBASE SALMON AS
Org number
891198752
Legal form
Aksjeselskap
NACE code
0321 · Marine aquaculture
Founded
9 March 2007 · 19 years
Share capital
NOK 735,795
Employees
45 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2025-12-31
Financial year
January – December
Signatory rights
To styremedlemmer i fellesskap. Styrets leder alene.
Company purpose
Produksjon og salg av fisk og annen flora/fauna i oppdrett og det som naturlig hører til, herunder forskning og utvikling av metoder og teknologi for slik produksjon.
(no translation available)
Contact
Address
Øysundveien 11, 8820 Dønna
Phone
+47 95 86 20 96
Email
post@fishbase.no
Website
https://www.fishbase.no
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Financial development
In its most recent annual report (2025), Fishbase Salmon AS reported revenue of NOK 166.2m, an increase of 161% on the year before. The figures on this page draw on 5 annual filings covering 2021 to 2025. The bottom line showed a net profit of NOK 8.8m, and the EBITDA margin stood at 12.2%.
At the end of 2025, equity financed 24.2% of the balance sheet, and current assets covered short-term debt 1.9 times.
Financials
Revenue
NOK millionsEBITDA
NOK millionsIncome statement
NOK thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 166,239 | 63,649 | 66,416 | 82,024 | 88,755 |
| Staff expenses | -22,052 | -19,736 | -17,711 | -12,575 | -10,618 |
| EBITDA | 20,311 | -2,988 | -10,651 | 7,384 | 12,249 |
| Depreciation & amort. | -4,730 | -4,140 | -592 | -499 | -339 |
| EBIT | 15,581 | -7,127 | -11,244 | 6,885 | 11,911 |
| Net financials | -5,626 | -5,914 | -1,626 | -1,158 | -445 |
| Profit before tax | 9,955 | -13,042 | -12,870 | 5,728 | 11,466 |
| Tax | 1,122 | -3,927 | -3,890 | 214 | 1,644 |
| Net profit | 8,833 | -9,114 | -8,980 | 5,513 | 9,822 |
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Balance sheet
NOK thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total assets | 111,745 | 121,600 | 100,035 | 40,767 | 44,493 |
| Equity | 27,041 | 18,207 | -2,675 | 6,305 | 26,638 |
| Long-term debt | 48,483 | 47,308 | 54,164 | 18,410 | 6,548 |
| Short-term debt | 36,222 | 56,084 | 48,546 | 16,053 | 11,306 |
| Total debt | 84,705 | 103,393 | 102,710 | 34,463 | 17,855 |
Financial ratios
5-year trendEBITDA margin
12.2 %
20212025
Equity ratio
24.2 %
WeakAmong the 40% lowest rated companies in the industry
20212025
Return on equity
32.7 %
StrongAmong the 30% highest rated companies in the industry
20212025
Net profit margin
5.3 %
AverageAround the average of companies in the same industry
20212025
Asset turnover
1.49×
Very strongAmong the 20% highest rated companies in the industry
20212025
Debt / equity
3.13×
WeakAmong the 30% lowest rated companies in the industry
20212025
Sector performance
28 of 28 ratios graded28 financial ratios from the latest filing, each graded against companies in the same industry.
Profitability
Gross marginVery weak
Among the 20% lowest rated companies in the industry
The gross result as a share of revenue — how much of the revenue is left after variable costs to cover the company's fixed costs.
Operating marginAverage
Around the average of companies in the same industry
EBIT as a share of revenue — the share of revenue remaining as earnings once all operating costs are covered. A key measure of earning power.
Net profit marginAverage
Around the average of companies in the same industry
The profit for the year as a share of revenue — the company's ability to turn revenue into profit.
Return on equity (ROE)Strong
Among the 30% highest rated companies in the industry
Net profit as a percentage of equity — the return the owners earned on their invested capital this year.
Return on assets (ROA)Strong
Among the 30% highest rated companies in the industry
Net profit as a percentage of total assets — the return generated on the capital employed.
Return on net assets (RONA)Strong
Among the 30% highest rated companies in the industry
Profit relative to net assets (total assets minus total debt) — the ability to generate earnings from the net asset base alone.
Basic earning power (BEP)Very strong
Among the 20% highest rated companies in the industry
EBIT relative to total assets — the company's earning power before the effects of tax and financial leverage.
Capacity ratioStrong
Among the 40% highest rated companies in the industry
Shows how strongly fixed costs weigh on the gross result — a high ratio means fixed costs take only a small bite out of the earnings from basic operations.
Liquidity
Current ratioAverage
Around the average of companies in the same industry
Current assets relative to short-term debt — the ability to settle short-term obligations with current assets alone. Around 150% is considered satisfactory from a credit perspective.
Quick ratioWeak
Among the 30% lowest rated companies in the industry
Current assets excluding inventory relative to short-term debt — whether the most liquid assets alone can cover the short-term obligations. A value of 1 or above signals a healthy liquidity position.
Cash ratioWeak
Among the 40% lowest rated companies in the industry
Cash relative to short-term debt — the ability to repay short-term obligations with cash alone.
Current assets to equityVery weak
Among the 20% lowest rated companies in the industry
Current assets relative to equity — an indicator of the balance-sheet structure and of the company's short- and long-term financing. The healthy level is highly industry-dependent.
Fixed assets to long-term capitalStrong
Among the 30% highest rated companies in the industry
Fixed assets relative to long-term capital (equity plus long-term liabilities). Below 100% means the long-term capital finances more than just the fixed assets — a healthier liquidity position.
Cash conversion ratioVery strong
Among the 20% highest rated companies in the industry
Cash flow relative to profit — the ability to convert reported profits into accessible cash.
Debt & solvency
Solidity ratioWeak
Among the 40% lowest rated companies in the industry
Equity as a share of total assets — the ability to absorb losses. Around 40% is considered satisfactory from a credit perspective.
Debt ratioWeak
Among the 40% lowest rated companies in the industry
Total debt relative to the balance-sheet total — the share of the assets financed by debt rather than equity.
Debt to equityWeak
Among the 30% lowest rated companies in the industry
Debt relative to equity — the company's leverage. A higher value means heavier reliance on debt financing.
Liabilities to equityWeak
Among the 30% lowest rated companies in the industry
Total liabilities relative to equity — whether the company operates primarily on borrowed capital or on its own.
Income to debtStrong
Among the 40% highest rated companies in the industry
Profit relative to debt — the ability to create earnings while operating with debt.
EBITDA to debtStrong
Among the 40% highest rated companies in the industry
EBITDA relative to debt — how much operating earnings are available to service the debt.
Interest coverageStrong
Among the 40% highest rated companies in the industry
The ability to pay the interest on the company's debt out of its earnings.
Interest rate on debtVery weak
Among the 20% lowest rated companies in the industry
Financial expenses relative to total liabilities — the effective interest rate the company pays on its debt.
Interest marginStrong
Among the 40% highest rated companies in the industry
The return on assets minus the interest rate on debt. Positive means the company benefits from operating with debt; negative means the debt makes it worse off.
Efficiency & development
Asset turnoverVery strong
Among the 20% highest rated companies in the industry
Revenue relative to total assets — the ability to generate revenue from the asset base.
Inventory turnoverStrong
Among the 40% highest rated companies in the industry
Revenue relative to inventory — how many times a year the inventory is sold and replaced. A low value can indicate weak sales or excess inventory.
Equity to contributed capitalStrong
Among the 30% highest rated companies in the industry
Total equity relative to the capital the owners contributed — how the equity has developed from its starting point.
One-year change in equityVery strong
Among the 20% highest rated companies in the industry
The size of this year's increase or decrease in the company's equity.
One-year change in debtStrong
Among the 30% highest rated companies in the industry
The size of this year's increase or decrease in the company's debt.
Annual reports & filings
- Annual report 2025Filed via Brønnøysundsregistrene · Period 2025-01-01 – 2025-12-31
- Annual report 2024Filed via Brønnøysundsregistrene · Period 2024-01-01 – 2024-12-31
- Annual report 2023Filed via Brønnøysundsregistrene · Period 2023-01-01 – 2023-12-31
- Annual report 2022Filed via Brønnøysundsregistrene · Period 2022-01-01 – 2022-12-31
- Annual report 2021Filed via Brønnøysundsregistrene · Period 2021-01-01 – 2021-12-31
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|---|---|
| Current (1) | ||
HM Chief Executive Officer | Chief Executive Officer | 2016 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (2) | ||
SA Board of Directors | Board of Directors | 2023 |
HM Chairman | Chairman | 2023 |
Former (3)
ES Chairman | Chairman | 2020 – 2023 |
KB Board of Directors | Board of Directors | 2020 – 2023 |
PK Board of Directors | Board of Directors | 2020 – 2023 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 100% | 100% | 2022 | |
| Company | 5.12% | 5.12% | 2021 | |
| Company | 31.58% | 31.58% | 2021 | |
| Company | 49.45% | 49.45% | 2021 | |
| Company | 13.85% | 13.85% | 2021 |
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Related companies
Company hierarchy
Fishbase Group As
Fishbase Salmon AS (this company)Board network connections
Board members of Fishbase Salmon AS also hold positions in 61 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Per Kristian Nordøy | Board of Directors | 20 companiesMany roles |
| Henry Morten Thomassen | Chief Executive Officer | 16 companiesMany roles |
| Steffen André Konradsen | Board of Directors | 10 companiesMany roles |
| Kristian Brandser Matthiasson | Board of Directors | 10 companiesMany roles |
| Eirik Sørgård | Chairman | 5 companies |
Frequently asked questions
What is the Org number of Fishbase Salmon AS?
Fishbase Salmon AS is registered with Brønnøysundsregistrene under Org 891198752.
What is the revenue of Fishbase Salmon AS?
Fishbase Salmon AS reported revenue of NOK 166.2m in 2025.
How many employees does Fishbase Salmon AS have?
Fishbase Salmon AS employs 45 people as of the latest annual report.
Who is the CEO of Fishbase Salmon AS?
Henry Morten Thomassen is the CEO of Fishbase Salmon AS, in role since 2016.
Who is the chairman of Fishbase Salmon AS?
Henry Morten Thomassen chairs the board of Fishbase Salmon AS, in role since 2023.
Where is Fishbase Salmon AS headquartered?
Fishbase Salmon AS's registered address is Øysundveien 11.