WESTFAL-LARSEN MANAGEMENT AS
Score · fiscal year 2025
45of 100
How to read this: the company is ahead of 38 % of small companies in the same sector in 2025. What does this mean?
Rank: 622 of 1,016 · Sjøfart
Profile
Beaver · Builder
Lower profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 39 and solidity 28 out of 100 among small companies in the same sector in 2025. Methodology
Against the sector
WESTFAL-LARSEN MANAGEMENT AS is 5 points below the median for small companies in the same sector in 2025.
Median score 50 among 705 companies.
Against small companies in the same sector in 2025: operating margin 4.6% (median 11.0%) and equity ratio 24.9% (median 44.4%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 63 MNOK | 21 MNOK |
| Operating margin | 4.6% | 11.0% |
| Profit margin | 3.3% | 9.1% |
| Return on assets | 4.9% | 7.6% |
| Equity ratio | 24.9% | 44.4% |
| Debt-to-equity | 3.01 | 1.04 |
| Current ratio | 1.77 | 1.67 |
| Revenue growth | 3.5% | 2.9% |
| Revenue per employee | 4.48 MNOK | 1.42 MNOK |
The median and “ahead of” refer to small companies in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 45, WESTFAL-LARSEN MANAGEMENT AS does better than 38% of small companies in the same sector (705 companies) in 2025.
Score 2023–2025
- WESTFAL-LARSEN MANAGEMENT AS
- Median: small companies in the same sector
WESTFAL-LARSEN MANAGEMENT AS has a score of 45 for 2025, rank 622 of 1,016 in the sector.
Strongest: Consistency: percentile 70 against peers.
Weakest: Solidity: percentile 28 against peers, equity ratio 24.9% against a median of 44.4%. Profitability: percentile 39 against peers, operating margin 4.6% against a median of 11.0%.
Worth a closer look
- What lies behind weak solidity, and will it last?
- What lies behind weak profitability, 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
WESTFAL-LARSEN MANAGEMENT AS had an operating margin of 4.6% and an equity ratio of 24.9% in 2025, and ranks 622 of 1,016 in Sjøfart.
From 2024 to 2025: the equity ratio rose from 18.2% to 24.9%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 12 MNOK and 25 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | 12 MNOK |
| P/B | 1.0 | 25 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 3.9% 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 5.1%. 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 | 39 | weight 30% |
|---|---|---|
| Solidity | 28 | weight 25% |
| Liquidity | 53 | weight 15% |
| Growth | 52 | weight 15% |
| Consistency | 70 | weight 15% |
Durability: 39 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is WESTFAL-LARSEN MANAGEMENT AS?
The operating margin was 4.6% in 2025, against a median of 11.0% among small companies in the same sector. Return on assets was 4.9%.
How solid is WESTFAL-LARSEN MANAGEMENT AS?
The equity ratio was 24.9% in 2025 (median 44.4%). Debt-to-equity was 3.01 (median 1.04).
What is the liquidity of WESTFAL-LARSEN MANAGEMENT AS like?
The current ratio was 1.77 in 2025 (median 1.67).
How does WESTFAL-LARSEN MANAGEMENT AS compare in Sjøfart?
WESTFAL-LARSEN MANAGEMENT AS ranks 622 of 1,016 in Sjøfart for 2025. Among companies of the same size (small companies) it ranks 436 of 705. Revenue changed by 3.5% 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.
- 876962012
- Legal form
- AS · part of a group
- Sector
- Sjøfart (50.201)
- Size tier
- small
- Employees
- 14 registered 10 October 2026
- Founded
- 4 December 1996 29 years in operation
- Share capital
- 0.82 MNOK
- Business address
- Sandviksbodene 1E, 5035 BERGEN
- Municipality
- Bergen rank 8 of 11 in KOSTRA group 12
- Latest accounts filed
- 2025
- LEI
- 63670029CGOW4Y1TG834 renews 5 July 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
- Rolf Westfal-Larsen
- Chair of the board
- Bernt Jacob Schwings Pettersen
- Board member
- Johan Gustav Hvide
- Board member
- Rolf Westfal-Larsen
- Board member
- Bernt Ulrich August Muller
- Deputy member
- Helene Westfal-Larsen
- Auditor
- PRICEWATERHOUSECOOPERS 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 26 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 34 | 38 | 45 | |
| Rank | 674 | 705 | 622 | |
| Operating margin | 4.6% | 3.4% | 4.6% | |
| Return on assets | 8.9% | 4.3% | 4.9% | |
| Equity ratio | 14.7% | 18.2% | 24.9% | |
| Current ratio | 1.31 | 1.42 | 1.77 | |
| Revenue growth | – | 3.5% | 3.5% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 58.6 MNOK | 60.7 MNOK | 62.8 MNOK |
| Operating profit | 2.7 MNOK | 2.1 MNOK | 2.9 MNOK |
| Profit before tax | 7.8 MNOK | 9.7 MNOK | 2.1 MNOK |
| Net profit | 6.0 MNOK | 7.5 MNOK | −3.2 MNOK |
| Financial expenses | 0.1 MNOK | −4.2 MNOK | 3.0 MNOK |
| Total assets | 89.4 MNOK | 125.8 MNOK | 101.5 MNOK |
| Current assets | 70.3 MNOK | 114.7 MNOK | 97.2 MNOK |
| Equity | 13.1 MNOK | 22.9 MNOK | 25.3 MNOK |
| Retained earnings | – | 7.0 MNOK | 3.8 MNOK |
| Total liabilities | 76.3 MNOK | 102.9 MNOK | 76.2 MNOK |
| Current liabilities | 53.6 MNOK | 81.0 MNOK | 55.1 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 7110379.
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