BOWER EIR AS
Score · fiscal year 2023
55of 100
How to read this: the company is ahead of 60 % of companies in the Morning class Medium in the same sector in 2023. What does this mean?
Rank in the Morning class Medium: 130 of 322 · What are Morning company classes?
Place in the whole sector: 359 of 893 · Sjøfart
Profile
Elephant · Steward
Lower profitability, high solidity
Position against comparable companies in 2023, not a verdict on the company. Based on profitability 32 and solidity 54 out of 100 among companies in the Morning class Medium in the same sector in 2023. Methodology
Against the sector
BOWER EIR AS is 6 points above the median for companies in the Morning class Medium in the same sector in 2023.
Median score 49 among 322 companies.
Against companies in the Morning class Medium in the same sector in 2023: operating margin 18.3% (median 27.6%) and equity ratio 38.8% (median 34.4%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 64 MNOK | 132 MNOK |
| Operating margin | 18.3% | 27.6% |
| Profit margin | 7.5% | 14.6% |
| Return on assets | 5.2% | 10.2% |
| Equity ratio | 38.8% | 34.4% |
| Debt-to-equity | 1.58 | 1.68 |
| Current ratio | 10.72 | 1.51 |
| Revenue growth | – | 17.0% |
The median and “ahead of” refer to companies in the Morning class Medium in the same sector in 2023. The bar shows the share of companies the figure is ahead of.
With an index of 55, BOWER EIR AS does better than 60% of companies in the Morning class Medium in the same sector (322 companies) in 2023.
Score 2023–2025
- BOWER EIR AS
- Median: companies in the Morning class Medium in the same sector
What the numbers say
BOWER EIR AS had an operating margin of 18.3% and an equity ratio of 38.8% in 2023, and ranks 359 of 893 in Sjøfart.
This text is generated automatically from the 2023 accounts.
Three simple methods
The methods give between 38 MNOK and 97 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 38 MNOK |
| EV/EBIT | 8.0 | debt above value |
| P/B | 1.0 | 97 MNOK |
A mechanical estimate from public accounts, not advice. Mechanical estimate from public accounts with fixed multiples. Not a valuation and not advice to buy or sell. The multiples are provisional default values and must be adjusted per sector before the figures are used for anything. See the calculation
Worth a closer look
No rules were triggered for this year.
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 5.3% of the debt in 2023. The policy rate averaged 3.54 % the same year. This is a plain description of what the debt cost, not a model of interest sensitivity.
See interest rates, prices and exchange rates for the sector
Data quality
No anomalies found in the figures.
Scenario analysis: the sector's weakest year
We have no accounts for 2026, the sector's weakest year, for this company.
The sector's weakest year was 2026, with a median operating margin of 6.1%. Based on the 7 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 32 | weight 30% |
|---|---|---|
| Solidity | 54 | weight 25% |
| Liquidity | 94 | weight 15% |
| Growth | – | no data, left out |
| Consistency | 64 | weight 15% |
Index version 2. Data completeness 85%: the share of the weights that had data.
Questions and answers
How profitable is BOWER EIR AS?
The operating margin was 18.3% in 2023, against a median of 27.6% among companies in the Morning class Medium in the same sector. Return on assets was 5.2%.
How solid is BOWER EIR AS?
The equity ratio was 38.8% in 2023 (median 34.4%). Debt-to-equity was 1.58 (median 1.68).
What is the liquidity of BOWER EIR AS like?
The current ratio was 10.72 in 2023 (median 1.51).
How does BOWER EIR AS compare in Sjøfart?
BOWER EIR AS ranks 359 of 893 in Sjøfart for 2023. Among companies in the Morning class Medium it is number 130 of 322.
Group accounts
The company is registered as part of a group, but we have no group accounts for it. Group accounts are filed by the parent company, and open data does not say which company that is.
Read the figures with care: a company in a group can look strong because of group contributions, or weak because dividends go up to the parent. The figures are indications, not the full picture.
We do not show the group structure, because open data does not say who owns whom.
From the Central Coordinating Register
- Org. no.
- 911695707
- Legal form
- AS · part of a group
- Sector
- Sjøfart (50.203)
- Morning company class
- Medium
- Employees
- 0–4 (not registered)
- Founded
- 4 March 2013 13 years in operation
- Share capital
- 24.00 MNOK
- Business address
- Vågsgata 15, 6090 FOSNAVÅG (HERØY)
- Municipality
- Herøy (Møre og Romsdal) rank 5–23 of 40 in KOSTRA group 1
- Latest accounts filed
- 2025
- LEI
- 549300IR8D7NRABDI831 renews 6 March 2027
Source: Central Coordinating Register, Brønnøysund Register Centre. The employee count is reported by the company and may be older than the accounts. See the company at the Brønnøysund Register Centre
Ownership and roles
- Chief executive
- Karl Johan Bakken
- Chair of the board
- Karl Johan Bakken
- Board member
- Jan Sivert Hellandsvik Sandøy
- Auditor
- DELOITTE AS
Source: Central Coordinating Register, fetched 29 October 2026. Only names are shown.
- Parent company
- Parent not reported
Source: GLEIF (Global Legal Entity Identifier Foundation), fetched 29 October 2026. The parent is the one the company itself reported to GLEIF.
Owners and shareholdings will appear here once the shareholder data extract is in place.
Coming · not built yet
Error in the data?
Do you see an error in the figures or in how the company is mapped (sector, holding, group)? Let us know. Corrections require documentation.
Figures last fetched 26 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 55 | 39 | 48 | |
| Rank | 359 | 668 | 551 | |
| Operating margin | 18.3% | 7.4% | 6.4% | |
| Return on assets | 5.2% | 2.1% | 2.8% | |
| Equity ratio | 38.8% | 41.4% | 44.4% | |
| Current ratio | 10.72 | 1.91 | 2.37 | |
| Revenue growth | – | −0.6% | 8.5% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 64.4 MNOK | 64.0 MNOK | 69.4 MNOK |
| Operating profit | 11.8 MNOK | 4.7 MNOK | 4.4 MNOK |
| Profit before tax | 4.8 MNOK | 0.1 MNOK | 0.9 MNOK |
| Net profit | 3.8 MNOK | 0.0 MNOK | 0.9 MNOK |
| Financial expenses | 8.0 MNOK | 5.7 MNOK | 5.4 MNOK |
| Total assets | 249.1 MNOK | 271.9 MNOK | 224.9 MNOK |
| Current assets | 37.2 MNOK | 49.2 MNOK | 25.1 MNOK |
| Equity | 96.6 MNOK | 112.6 MNOK | 100.0 MNOK |
| Retained earnings | 45.7 MNOK | 45.7 MNOK | 30.2 MNOK |
| Total liabilities | 152.5 MNOK | 159.3 MNOK | 125.0 MNOK |
| Current liabilities | 3.5 MNOK | 25.7 MNOK | 10.6 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 4895997.
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