Korsnes Processing AS
ASActiveOrg 934285018Korsnesveien 177, 8275 Storjorda I TysfjordenProcessing and preserving of fish, crustaceans and molluscs· NACE 1020Est. 2024 · 2 years old19 employees
Loading company…
Overview
Korsnes Processing AS is a Norwegian AS based in Storjorda I Tysfjorden, operating in the Processing and preserving of fish, crustaceans and molluscs sector. Incorporated in 2024, the company has 19 employees and reported revenue of NOK 65.9m in its latest annual filing.
Revenue 2025
65.9M NOK
EBITDA margin
4.1 %
Net profit 2025
-1.2M NOK
19 employees
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
3.5 %
Very weakAmong the 20% lowest rated companies in the industry
20252025
Liquidity ratioCurrent assets ÷ Short-term debt
0.2×
Very weakAmong the 10% lowest rated companies in the industry
20252025
Return on assets (ROA)Net profit ÷ Total assets × 100
-3.2 %
WeakAmong the 30% lowest rated companies in the industry
20252025
EBITDA — year on year
NOK thousandsKey figures
Annual report 2025| Revenue | 65.9M NOK | — |
| EBITDA | 2.7M NOK | — |
| Net profit | -1.2M NOK | — |
| Total assets | 37M NOK | — |
| Equity | 1.3M NOK | — |
| Employees | 19 | — |
Company information
Legal name
KORSNES PROCESSING AS
Org number
934285018
Legal form
Aksjeselskap
NACE code
Founded
12 September 2024 · 2 years
Share capital
NOK 2,500,000
Employees
19 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2025-12-31
Financial year
January – December
Signatory rights
Hanne prytz
Company purpose
Foredling av fisk og fiskeprodukter, handel med fisk og fiskeprodukter, leie og utleie av maskiner og driftsmateriell til drift av fiskefabrikk og det som naturlig hører hertil.
(no translation available)
Address
Korsnesveien 177, 8275 Storjorda I Tysfjorden
Risika for professionals
Risika provides regulated workflow tools for finance, procurement and compliance teams that need monitoring, alerts and an API.
Financial development
In its most recent annual report (2025), Korsnes Processing AS reported revenue of NOK 65.9m. The bottom line showed a net loss of NOK 1.2m, and the EBITDA margin stood at 4.1%.
At the end of 2025, equity financed 3.5% of the balance sheet, and current assets covered short-term debt 0.2 times.
Financials
Revenue
NOK millionsEBITDA
NOK thousandsIncome statement
NOK thousands| Item | 2025 |
|---|---|
| Revenue | 65,927 |
| Staff expenses | -6,322 |
| EBITDA | 2,676 |
| Depreciation & amort. | -2,344 |
| EBIT | 332 |
| Net financials | -1,521 |
| Profit before tax | -1,190 |
| Tax | -0 |
| Net profit | -1,190 |
Get a credit rating – not just the numbers
Financial statements show the past. Risika gives you a score and a recommended credit limit, so you know what the numbers mean for your risk.
Balance sheet
NOK thousands| Item | 2025 |
|---|---|
| Total assets | 37,011 |
| Equity | 1,294 |
| Long-term debt | 0 |
| Short-term debt | 9,069 |
| Total debt | 35,717 |
Financial ratios
5-year trendEBITDA margin
4.1 %
20252025
Equity ratio
3.5 %
Very weakAmong the 20% lowest rated companies in the industry
20252025
Return on equity
-91.9 %
Very weakAmong the 10% lowest rated companies in the industry
20252025
Net profit margin
-1.8 %
WeakAmong the 30% lowest rated companies in the industry
20252025
Asset turnover
1.78×
StrongAmong the 40% highest rated companies in the industry
20252025
Debt / equity
27.59×
Very weakAmong the 10% lowest rated companies in the industry
20252025
Sector performance
23 of 28 ratios graded28 financial ratios from the latest filing, each graded against companies in the same industry.
Profitability
Gross marginVery weak
Among the 10% 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 marginWeak
Among the 40% lowest 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 marginWeak
Among the 30% lowest 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 weak
Among the 10% lowest 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)Weak
Among the 30% lowest 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 weak
Among the 10% lowest 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)Average
Around the average of companies in the same industry
EBIT relative to total assets — the company's earning power before the effects of tax and financial leverage.
Capacity ratioAverage
Around the average of companies in the same 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 ratioVery weak
Among the 10% 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 ratioVery weak
Among the 20% 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 ratioVery weak
Among the 20% 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 equityAverage
Around the average of companies in the same 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 ratioVery weak
Among the 10% lowest rated companies in the industry
Cash flow relative to profit — the ability to convert reported profits into accessible cash.
Debt & solvency
Solidity ratioVery weak
Among the 20% 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 ratioVery weak
Among the 20% 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 debtWeak
Among the 40% lowest rated companies in the industry
Profit relative to debt — the ability to create earnings while operating with debt.
EBITDA to debtAverage
Around the average of companies in the same industry
EBITDA relative to debt — how much operating earnings are available to service the debt.
Interest coverageAverage
Around the average of companies in the same industry
The ability to pay the interest on the company's debt out of its earnings.
Interest rate on debtNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Financial expenses relative to total liabilities — the effective interest rate the company pays on its debt.
Interest marginNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
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 40% 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 30% lowest rated companies in the industry
Total equity relative to the capital the owners contributed — how the equity has developed from its starting point.
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.
One-year change in equityNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
The size of this year's increase or decrease in the company's equity.
One-year change in debtNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
The size of this year's increase or decrease in the company's debt.
Annual reports & filings
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|
Former (5)
MA Chief Executive Officer | Chief Executive Officer | 2025 – 2026 |
ØR Chief Executive Officer | Chief Executive Officer | 2025 – 2025 |
JO Chief Executive Officer | Chief Executive Officer | 2025 – 2025 |
OK Chief Executive Officer | Chief Executive Officer | 2024 – 2025 |
MS Chief Executive Officer | Chief Executive Officer | 2025 – 2025 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (2) | ||
SP Chairman | Chairman | 2026 |
ØJ Board of Directors | Board of Directors | 2026 |
Former (4)
JG Board of Directors | Board of Directors | 2025 – 2026 |
SD Chairman | Chairman | 2025 – 2026 |
OK Chairman | Chairman | 2024 – 2025 |
PF Board of Directors | Board of Directors | 2025 – 2025 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
Skaga Invest Aps | Company | 100% | 100% | 2025 |
One in three Danish companies experiences fraud
Sound familiar? See how to strengthen your defences and catch suspicious changes in ownership and management in time.
Related companies
Company hierarchy
Skaga Invest Aps100%
Korsnes Processing AS (this company)Board network connections
Board members of Korsnes Processing AS also hold positions in 41 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Øyvind Johansen | Board of Directors | 18 companiesMany roles |
| Ole Kristian Sandvik | Chief Executive Officer | 12 companiesMany roles |
| Sigurd Peter Rydland | Chairman | 11 companiesMany roles |
Frequently asked questions
What is the Org number of Korsnes Processing AS?
Korsnes Processing AS is registered with Brønnøysundsregistrene under Org 934285018.
What is the revenue of Korsnes Processing AS?
Korsnes Processing AS reported revenue of NOK 65.9m in 2025.
How many employees does Korsnes Processing AS have?
Korsnes Processing AS employs 19 people as of the latest annual report.
Who is the chairman of Korsnes Processing AS?
Sigurd Peter Rydland chairs the board of Korsnes Processing AS, in role since 2026.
Where is Korsnes Processing AS headquartered?
Korsnes Processing AS's registered address is Korsnesveien 177.