TRØNDERBAS AS
Score · fiscal year 2025
65of 100
How to read this: the company is ahead of 84 % of medium-sized companies in the same sector in 2025. What does this mean?
Rank: 722 of 4,158 · Sjømat
Profile
Cheetah · Sprinter
High profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 97 and solidity 27 out of 100 among medium-sized companies in the same sector in 2025. Methodology
Against the sector
TRØNDERBAS AS is 16 points above the median for medium-sized companies in the same sector in 2025.
Median score 49 among 461 companies.
Against medium-sized companies in the same sector in 2025: operating margin 71.0% (median 10.6%) and equity ratio 27.4% (median 41.4%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 366 MNOK | 192 MNOK |
| Operating margin | 71.0% | 10.6% |
| Profit margin | 69.1% | 7.5% |
| Return on assets | 39.7% | 7.7% |
| Equity ratio | 27.4% | 41.4% |
| Debt-to-equity | 2.65 | 1.37 |
| Current ratio | 1.57 | 1.70 |
| Revenue growth | 148.4% | 8.6% |
The median and “ahead of” refer to medium-sized companies in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 65, TRØNDERBAS AS does better than 84% of medium-sized companies in the same sector (461 companies) in 2025.
Score 2023–2025
- TRØNDERBAS AS
- Median: medium-sized companies in the same sector
TRØNDERBAS AS has a score of 65 for 2025, rank 722 of 4,158 in the sector.
Strongest: Profitability: percentile 97 against peers, operating margin 71.0% against a median of 10.6%. Growth: percentile 96 against peers, revenue growth 148.4% against a median of 8.6%.
Weakest: Solidity: percentile 27 against peers, equity ratio 27.4% against a median of 41.4%.
Worth a closer look
- What lies behind weak solidity, 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
TRØNDERBAS AS had an operating margin of 71.0% and an equity ratio of 27.4% in 2025, and ranks 722 of 4,158 in Sjømat.
From 2024 to 2025: the operating margin rose from 28.4% to 71.0% and revenue grew by 148%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 198 MNOK and 2,086 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 1,949 MNOK |
| EV/EBIT | 8.0 | 2,086 MNOK |
| P/B | 1.0 | 198 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 6.5% 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.
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 −5.0%. 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 | 97 | weight 30% |
|---|---|---|
| Solidity | 27 | weight 25% |
| Liquidity | 46 | weight 15% |
| Growth | 96 | weight 15% |
| Consistency | 54 | weight 15% |
Durability: 50 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is TRØNDERBAS AS?
The operating margin was 71.0% in 2025, against a median of 10.6% among medium-sized companies in the same sector. Return on assets was 39.7%.
How solid is TRØNDERBAS AS?
The equity ratio was 27.4% in 2025 (median 41.4%). Debt-to-equity was 2.65 (median 1.37).
What is the liquidity of TRØNDERBAS AS like?
The current ratio was 1.57 in 2025 (median 1.70).
How does TRØNDERBAS AS compare in Sjømat?
TRØNDERBAS AS ranks 722 of 4,158 in Sjømat for 2025. Among companies of the same size (medium-sized companies) it ranks 76 of 461. Revenue changed by 148.4% from the year before.
From the Central Coordinating Register
- Org. no.
- 980874516
- Legal form
- AS
- Sector
- Sjømat (03.110)
- Size tier
- medium
- Employees
- 0–4 (not registered)
- Founded
- 25 April 1999 27 years in operation
- Share capital
- 4.00 MNOK
- Business address
- Industrivegen 6, 7900 RØRVIK (NÆRØYSUND)
- Municipality
- Nærøysund rank 2–7 of 9 in KOSTRA group 3
- Latest accounts filed
- 2025
- LEI
- 549300RYET3P61KYHA85 renews 8 August 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
- Eirik Ulsund
- Chair of the board
- Trond Williksen
- Board member
- Bernt Ivar Ulsund
- Board member
- Vera Ulsund
- Board member
- Ivan Ulsund
- Board member
- Carina Ulsund
- Deputy member
- Eirik Ulsund
- Deputy member
- Lorentz Ulsund
- Deputy member
- Bjørnar Ulsund
- Auditor
- BDO AS
Source: Central Coordinating Register, fetched 29 October 2026. Only names are shown.
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 28 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 38 | 46 | 65 | |
| Rank | 2,596 | 2,230 | 722 | |
| Operating margin | 23.3% | 28.4% | 71.0% | |
| Return on assets | 7.4% | 10.0% | 39.7% | |
| Equity ratio | 15.7% | 18.5% | 27.4% | |
| Current ratio | 1.32 | 0.93 | 1.57 | |
| Revenue growth | – | 23.8% | 148.4% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 119.1 MNOK | 147.5 MNOK | 366.3 MNOK |
| Operating profit | 27.8 MNOK | 42.0 MNOK | 259.9 MNOK |
| Profit before tax | 21.2 MNOK | 34.3 MNOK | 253.1 MNOK |
| Net profit | 16.5 MNOK | 26.7 MNOK | 194.9 MNOK |
| Financial expenses | 11.1 MNOK | 12.4 MNOK | 34.3 MNOK |
| Total assets | 437.2 MNOK | 467.1 MNOK | 724.0 MNOK |
| Current assets | 102.0 MNOK | 109.0 MNOK | 55.3 MNOK |
| Equity | 68.6 MNOK | 86.3 MNOK | 198.4 MNOK |
| Retained earnings | 64.6 MNOK | 82.3 MNOK | 194.4 MNOK |
| Total liabilities | 368.6 MNOK | 380.8 MNOK | 525.6 MNOK |
| Current liabilities | 77.3 MNOK | 117.0 MNOK | 35.3 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 28 October 2026, accounts id 7093751.
Further
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