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Norcod AS
AS
Active
Org 821489962
Thomas Angells Gate 22, 7011
Trondheim
Marine aquaculture
·
NACE 0321
Est. 2018 · 7 years old
64 employees
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Share
Norway
/
Companies
/
Marine aquaculture
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Norcod AS
Overview
Financials
People & ownership
Related companies
Loading company…
Financials
Revenue
NOK millions
538M
403M
269M
134M
0M
2021: 73M
73M
2021
2022: 171M (+134% vs 2021)
171M
+134%
2022
2023: 249M (+46% vs 2022)
249M
+46%
2023
2024: 382M (+53% vs 2023)
382M
+53%
2024
2025: 432M (+13% vs 2024)
432M
+13%
2025
EBITDA
NOK millions
0M
-86M
-171M
-257M
-342M
2021: -31M
-31M
2021
2022: -275M (-787% vs 2021)
-275M
-787%
2022
2023: -204M (+26% vs 2022)
-204M
+26%
2023
2024: -196M (+4% vs 2023)
-196M
+4%
2024
2025: -187M (+5% vs 2024)
-187M
+5%
2025
Income statement
NOK thousands
Item
2025
2024
2023
2022
2021
Revenue
431 795
381 977
249 155
170 541
72 633
Staff expenses
−54 082
−60 689
−56 153
−43 031
−23 579
EBITDA
−187 290
−196 155
−203 551
−274 771
−31 166
Depreciation & amort.
−13 488
−10 079
−8 854
−6 626
−5 607
EBIT
−200 778
−206 235
−212 405
−281 397
−36 773
Net financials
−20 311
−19 762
−41 856
−18 098
−9 341
Profit before tax
−221 089
−225 996
−254 261
−299 496
−46 114
Tax
−133
−175
−301
−0
−10 359
Net profit
−220 956
−225 821
−253 960
−299 496
−35 754
Balance sheet
NOK thousands
Item
2025
2024
2023
2022
2021
Total assets
483 901
514 282
524 370
507 782
540 151
Equity
249 537
158 500
218 032
177 685
333 850
Long-term debt
54 690
29 817
33 351
24 986
100 174
Short-term debt
179 674
325 965
272 987
305 111
106 127
Total debt
234 363
355 782
306 337
330 097
206 301
Financial ratios
5-year trend
EBITDA margin
−43,4 %
This company
15,8 %
Market median
This company
Market median
375% below market
2021
2025
Equity ratio
51,6 %
This company
38,2 %
Market median
This company
Market median
35% above market
2021
2025
Return on equity
−88,5 %
This company
18,4 %
Market median
This company
Market median
581% below market
2021
2025
Net profit margin
−51,2 %
This company
8,1 %
Market median
This company
Market median
732% below market
2021
2025
Asset turnover
0,89×
This company
1,12×
Market median
This company
Market median
21% below market
2021
2025
Debt / equity
0,94×
This company
0,62×
Market median
This company
Market median
52% above market
2021
2025
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 2022-01-01 – 2022-12-31
View
PDF
Annual report 2021
Filed via Brønnøysundsregistrene · Period 2021-01-01 – 2021-12-31
View
PDF
More on Norcod AS
Overview →
Headline figures, risk assessment and company summary
People & ownership →
Management, board and shareholder breakdown
Related companies →
Corporate hierarchy, parent and subsidiary network
