Lerøy Bulandet AS
Score · fiscal year 2025
53of 100
How to read this: the company is ahead of 59 % of companies in the Morning class Medium in the same sector in 2025. What does this mean?
Rank in the Morning class Medium: 201 of 491 · What are Morning company classes?
Place in the whole sector: 927 of 2,213 · Sjømat
Profile
Elephant · Steward
Lower profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 13 and solidity 90 out of 100 among companies in the Morning class Medium in the same sector in 2025. Methodology
Against the sector
Lerøy Bulandet AS is 4 points above the median for companies in the Morning class Medium in the same sector in 2025.
Median score 49 among 491 companies.
Against companies in the Morning class Medium in the same sector in 2025: operating margin −0.6% (median 13.4%) and equity ratio 72.2% (median 33.1%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 151 MNOK | 119 MNOK |
| Operating margin | −0.6% | 13.4% |
| Profit margin | −0.6% | 8.2% |
| Return on assets | −0.6% | 9.2% |
| Equity ratio | 72.2% | 33.1% |
| Debt-to-equity | 0.38 | 1.99 |
| Current ratio | 3.26 | 1.68 |
| Revenue growth | −2.4% | 10.6% |
| Revenue per employee | 3.27 MNOK | 5.21 MNOK |
The median and “ahead of” refer to companies in the Morning class Medium in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 53, Lerøy Bulandet AS does better than 59% of companies in the Morning class Medium in the same sector (491 companies) in 2025.
Score 2023–2025
- Lerøy Bulandet AS
- Median: companies in the Morning class Medium in the same sector
Lerøy Bulandet AS has a score of 53 for 2025, rank 927 of 2,213 in the sector.
Strongest: Solidity: percentile 90 against peers, equity ratio 72.2% against a median of 33.1%. Liquidity: percentile 81 against peers, current ratio 3.26 against a median of 1.68.
Weakest: Profitability: percentile 13 against peers, operating margin −0.6% against a median of 13.4%. Growth: percentile 25 against peers, revenue growth −2.4% against a median of 10.6%.
Worth a closer look
- The company made a loss before tax. Are these one-off items or a pattern? Based on: profit margin −0.6% (median 8.2%).
- The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors? Based on: operating margin −0.6% (median 13.4%).
- What lies behind weak profitability, and will it last?
- What lies behind weak growth, and will it last?
Written by fixed rules from the figures. Describes the figures, does not explain causes. Not investment or financial advice. How the summary is made
What the numbers say
Lerøy Bulandet AS had an operating margin of −0.6% and an equity ratio of 72.2% in 2025, and ranks 927 of 2,213 in Sjømat.
From 2024 to 2025: went from a profit to a loss before tax.
This text is generated automatically from the 2025 accounts.
Three simple methods
One method gives a figure: 49 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | 49 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
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −0.6% (median 8.2%).
- watch
The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors?
Based on: Operating margin −0.6% (median 13.4%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 2.7% of the debt in 2025. The policy rate averaged 4.30 % 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 2022, the sector's weakest year, for this company.
The sector's weakest year was 2022, with a median operating margin of −0.5%. Based on the 10 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 13 | weight 30% |
|---|---|---|
| Solidity | 90 | weight 25% |
| Liquidity | 81 | weight 15% |
| Growth | 25 | weight 15% |
| Consistency | 72 | weight 15% |
Durability: 58 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Lerøy Bulandet AS?
The operating margin was −0.6% in 2025, against a median of 13.4% among companies in the Morning class Medium in the same sector. Return on assets was −0.6%. The company made a loss before tax.
How solid is Lerøy Bulandet AS?
The equity ratio was 72.2% in 2025 (median 33.1%). Debt-to-equity was 0.38 (median 1.99).
What is the liquidity of Lerøy Bulandet AS like?
The current ratio was 3.26 in 2025 (median 1.68).
How does Lerøy Bulandet AS compare in Sjømat?
Lerøy Bulandet AS ranks 927 of 2,213 in Sjømat for 2025. Among companies in the Morning class Medium it is number 201 of 491. Revenue changed by −2.4% from the year before.
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.
- 952493329
- Legal form
- AS · part of a group
- Sector
- Sjømat (10.203)
- Morning company class
- Medium
- Employees
- 46 registered 10 September 2026
- Founded
- 26 April 1989 37 years in operation
- Share capital
- 10.30 MNOK
- Business address
- Hellersøyvegen 88, 6987 BULANDET (ASKVOLL)
- Municipality
- Askvoll rank 19–30 of 39 in KOSTRA group 4
- Latest accounts filed
- 2025
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
Loading roles …
Source: Central Coordinating Register, fetched 29 October 2026. Only names are shown.
Shareholders (2025)
- Number of shareholders
- 15 (one owner holds more than half)
- Largest owner
- 83.4% · top three 90.6%
- Split
- companies 97% · private persons 3% · foreign 0%
- Owned from the same municipality
- 12%
- Owners over 60
- 100% of the shares held by persons (median age 71)
- Group chain
-
Owned by: Lerøy Seafood AS (83%)
Ultimate owner: Laco AS
- Lerøy Seafood AS · 83.4%
- Vesterhav Eigedom AS · 4.2%
- BRØDRENE HILLERSØY & Sønner AS · 2.9%
- Gjensidige Forsikring ASA · 2.6%
- A/S SJØVÆR · 1.3%
- Buefjord AS · 1.0%
- Nikøy Eigedom AS · 1.0%
- Nord Solund Fiskeriselskap AS · 0.2%
- 7 private persons · 3.3%
Change 2007–2025:
45% of the shares changed owner (12 new and 11 departed owners).
New owners (companies): BRØDRENE HILLERSØY & Sønner AS, Buefjord AS, Gjensidige Forsikring ASA, Nord Solund Fiskeriselskap AS, Vesterhav Eigedom AS
Departed (companies): Bømlo Holding AS, GJENSIDIGE FORSIKRING SOGN OG FJORDANE, Nord Solund Fiskeriselskap KS, Norheim AS, Partrederiet Gould Dollar ANS
Source: the Norwegian Tax Administration's shareholder register as of 2025. Figures may be older than today's ownership. Private persons are not shown by name.
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 28 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 62 | 60 | 53 | |
| Rank | 625 | 611 | 927 | |
| Operating margin | 0.8% | 1.4% | −0.6% | |
| Return on assets | 2.1% | 3.8% | −0.6% | |
| Equity ratio | 64.6% | 68.5% | 72.2% | |
| Current ratio | 2.86 | 3.03 | 3.26 | |
| Revenue growth | – | 8.4% | −2.4% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 142.2 MNOK | 154.2 MNOK | 150.5 MNOK |
| Operating profit | 1.2 MNOK | 2.1 MNOK | −0.9 MNOK |
| Profit before tax | 0.9 MNOK | 2.1 MNOK | −0.9 MNOK |
| Tax expense | 0.2 MNOK | 0.5 MNOK | −0.2 MNOK |
| Net profit | 0.7 MNOK | 1.6 MNOK | −0.7 MNOK |
| Financial expenses | 0.7 MNOK | 0.6 MNOK | 0.5 MNOK |
| Total assets | 74.9 MNOK | 73.0 MNOK | 68.2 MNOK |
| Current assets | 57.1 MNOK | 55.4 MNOK | 51.2 MNOK |
| Equity | 48.4 MNOK | 50.0 MNOK | 49.3 MNOK |
| Retained earnings | 38.1 MNOK | 39.7 MNOK | 39.0 MNOK |
| Total liabilities | 26.5 MNOK | 23.0 MNOK | 18.9 MNOK |
| Current liabilities | 20.0 MNOK | 18.3 MNOK | 15.7 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 28 October 2026, accounts id 6713418.
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