LTV Fish Performance AS

ASActive

Org 929977564Steinsoppen 4, 6518 Kristiansund NBusiness and other management consultancy activities· NACE 7020Est. 2022 · 4 years old1-4 employees

Overview

LTV Fish Performance AS is a Norwegian AS based in Kristiansund N, operating in the Business and other management consultancy activities sector. Incorporated in 2022, the company reported revenue of NOK 1.9m in its latest annual filing.

Revenue 2025

1.9M NOK

−15% vs 2024

EBITDA margin

23.6 %

−22% vs 2024

Net profit 2025

0.4M NOK

-22% vs 2024

Key ratios

See full ratios →

5.9 %

Weak

Among the 30% lowest rated companies in the industry

20222025

0.8×

Weak

Among the 30% lowest rated companies in the industry

20222025

43.0 %

Very strong

Among the 20% highest rated companies in the industry

20222025

EBITDA — year on year

NOK thousands

Key figures

Annual report 2025

Revenue	1.9M NOK	-15%
EBITDA	0.5M NOK	-22%
Net profit	0.4M NOK	-22%
Total assets	0.8M NOK	-8%
Equity	0M NOK	+25%
Employees	—	—

Financial development

In its most recent annual report (2025), LTV Fish Performance AS reported revenue of NOK 1.9m, a decrease of 15% on the year before. The figures on this page draw on 4 annual filings covering 2022 to 2025. The bottom line showed a net profit of NOK 360.0k, and the EBITDA margin stood at 23.6%.

At the end of 2025, equity financed 5.9% of the balance sheet, and current assets covered short-term debt 0.8 times.

Financials

Revenue

NOK thousands

EBITDA

NOK thousands

Income statement

NOK thousands

Item	2025	2024	2023	2022
Revenue	1,941	2,276	1,793	602
Staff expenses	-1,219	-1,376	-1,281	-315
EBITDA	458	589	195	201
Depreciation & amort.	-0	-0	-0	-0
EBIT	458	589	195	201
Net financials	4	0	-3	0
Profit before tax	462	589	193	201
Tax	102	130	43	43
Net profit	360	460	149	158

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Balance sheet

NOK thousands

Item	2025	2024	2023	2022
Total assets	837	905	528	523
Equity	50	40	30	52
Long-term debt	0	0	1	1
Short-term debt	787	865	497	470
Total debt	787	865	498	471

Financial ratios

5-year trend

EBITDA margin

23.6 %

20222025

Equity ratio

5.9 %

Weak

Among the 30% lowest rated companies in the industry

20222025

Return on equity

726.2 %

Very strong

Among the 10% highest rated companies in the industry

20222025

Net profit margin

18.5 %

Strong

Among the 40% highest rated companies in the industry

20222025

Asset turnover

2.32×

Strong

Among the 30% highest rated companies in the industry

20222025

Debt / equity

15.88×

Very weak

Among the 10% lowest rated companies in the industry

20222025

Sector performance

27 of 28 ratios graded

28 financial ratios from the latest filing, each graded against companies in the same industry.

Profitability

Gross marginAverage

Around the average of companies in the same 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 marginStrong

Among the 40% highest rated companies in the 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 marginStrong

Among the 40% highest rated companies in the industry

The profit for the year as a share of revenue — the company's ability to turn revenue into profit.

Return on equity (ROE)Very strong

Among the 10% 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)Very strong

Among the 20% 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)Very strong

Among the 10% 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 10% 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 30% 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 ratioWeak

Among the 30% lowest rated companies in the 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 10% 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 capitalVery weak

Among the 10% lowest 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 ratioStrong

Among the 30% 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 30% 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 30% 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 equityVery weak

Among the 10% 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 equityVery weak

Among the 10% 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 30% highest rated companies in the industry

EBITDA relative to debt — how much operating earnings are available to service the debt.

Interest coverageStrong

Among the 30% highest rated companies in the industry

The ability to pay the interest on the company's debt out of its earnings.

Interest rate on debtWeak

Among the 40% lowest rated companies in the industry

Financial expenses relative to total liabilities — the effective interest rate the company pays on its debt.

Interest marginVery strong

Among the 20% 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 turnoverStrong

Among the 30% highest rated companies in the industry

Revenue relative to total assets — the ability to generate revenue from the asset base.

Equity to contributed capitalWeak

Among the 40% lowest 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 equityStrong

Among the 30% 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 40% highest rated companies in the industry

The size of this year's increase or decrease in the company's debt.

Inventory turnoverNot rated

Cannot be graded — the figures this ratio builds on are not available in the latest filing.

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.

Annual reports & filings

Annual report 2025
Filed via Brønnøysundsregistrene · Period 2025-01-01 – 2025-12-31
View PDF
Annual report 2024
Filed via Brønnøysundsregistrene · Period 2024-01-01 – 2024-12-31
View PDF
Annual report 2023
Filed via Brønnøysundsregistrene · Period 2023-01-01 – 2023-12-31
View PDF
Annual report 2022
Filed via Brønnøysundsregistrene · Period 2022-09-14 – 2022-12-31
View PDF

People & ownership

Management

Actively employed in the business

Name	Role	Member since
Current (1)
LT Leiv Tvenning Chief Executive Officer	Chief Executive Officer	2022

Board of directors

Non-executive oversight

Name	Role	Member since
Current (2)
EL Elinborg Lilja Olafsdottir Board of Directors	Board of Directors	2022
LT Leiv Tvenning Chairman	Chairman	2022

Shareholders

Active legal owners

No shareholder data available.

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Related companies

Company hierarchy

No registered parent or subsidiaries

Board network connections

Board members of LTV Fish Performance AS also hold positions in 1 other company.

Person	Role here	Other companies
Leiv Tvenning	Chief Executive Officer	1 company

Frequently asked questions

What is the Org number of LTV Fish Performance AS?

LTV Fish Performance AS is registered with Brønnøysundsregistrene under Org 929977564.

What is the revenue of LTV Fish Performance AS?

LTV Fish Performance AS reported revenue of NOK 1.9m in 2025.

Who is the CEO of LTV Fish Performance AS?

Leiv Tvenning is the CEO of LTV Fish Performance AS.

Who is the chairman of LTV Fish Performance AS?

Leiv Tvenning chairs the board of LTV Fish Performance AS.

Where is LTV Fish Performance AS headquartered?

LTV Fish Performance AS's registered address is Steinsoppen 4.