LOFOTEN AUTO AS
Bankruptcy registered 4 February 2026 in the Central Coordinating Register. Bankruptcies
Accounts for 2025 are missing. The deadline was 31 July 2026. The Brønnøysund Register Centre does not publish when accounts arrived, only the latest year filed.
Score · fiscal year 2024
Not enough data: Bankrupt or being wound up
Based on the annual accounts for 2024
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 56 MNOK | 3 MNOK |
| Operating margin | 0.4% | 2.1% |
| Profit margin | −1.1% | 1.8% |
| Return on assets | 4.0% | 2.9% |
| Equity ratio | −35.0% | 35.5% |
| Debt-to-equity | – | 1.03 |
| Current ratio | 0.83 | 1.62 |
| Revenue growth | −7.6% | 2.6% |
The median and “ahead of” refer to companies in the same sector in 2024. The bar shows the share of companies the figure is ahead of.
Score over time
Score over time needs at least two fiscal years with a score. It will appear when next year's figures are fetched or history is imported.
What the numbers say
LOFOTEN AUTO AS had an equity ratio of −35.0% in 2024. The company is not ranked: bankrupt or being wound up.
From 2023 to 2024: the equity ratio fell from −23.2% to −35.0%.
This text is generated automatically from the 2024 accounts.
Three simple methods
One method gives a figure: 1 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | 1 MNOK |
| P/B | 1.0 | not meaningful |
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
- critical
Equity is negative. How will it be rebuilt, and what do lenders and the auditor say about going concern?
Based on: Equity ratio −35.0% (median 35.5%).
- watch
Consider strengthening liquidity: current liabilities are 1.2 times current assets.
Based on: Current ratio 0.83 (median 1.62).
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −1.1% (median 1.8%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Data quality
- critical Negative equity
Scenario analysis: the sector's weakest year
We have no accounts for 2017, the sector's weakest year, for this company.
The sector's weakest year was 2017, with a median operating margin of −134.9%. Based on the 10 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
Questions and answers
How profitable is LOFOTEN AUTO AS?
The operating margin was 0.4% in 2024, against a median of 2.1% among companies in the same sector. Return on assets was 4.0%. The company made a loss before tax.
How solid is LOFOTEN AUTO AS?
The equity ratio was −35.0% in 2024 (median 35.5%). Equity is negative, so liabilities exceed assets.
What is the liquidity of LOFOTEN AUTO AS like?
The current ratio was 0.83 in 2024 (median 1.62). Current assets did not cover current liabilities.
From the Central Coordinating Register
- Org. no.
- 919026561
- Legal form
- AS
- Sector
- Handel (47.810)
- Size tier
- small
- Employees
- 0–4 (not registered)
- Founded
- 21 April 2017 9 years in operation
- Share capital
- 0.10 MNOK
- Business address
- Vorsetøyveien 20C, 8300 SVOLVÆR (VÅGAN)
- Municipality
- Vågan rank 7–16 of 18 in KOSTRA group 2
- Latest accounts filed
- 2024
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
Roles have not been fetched yet.
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 · 2022–2024
| Key figure | 2022 | 2023 | 2024 | Trend |
|---|---|---|---|---|
| Index | – | – | – | |
| Rank | – | – | – | |
| Operating margin | 0.3% | −0.4% | 0.4% | |
| Return on assets | 3.2% | −3.6% | 4.0% | |
| Equity ratio | −7.5% | −23.2% | −35.0% | |
| Current ratio | 0.92 | 0.81 | 0.83 | |
| Revenue growth | – | −22.8% | −7.6% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2022 | 2023 | 2024 |
|---|---|---|---|
| Operating revenue | 77.9 MNOK | 60.1 MNOK | 55.6 MNOK |
| Operating profit | 0.3 MNOK | −0.2 MNOK | 0.2 MNOK |
| Profit before tax | −0.2 MNOK | −0.9 MNOK | −0.6 MNOK |
| Net profit | −0.2 MNOK | −0.9 MNOK | −0.6 MNOK |
| Financial expenses | 0.4 MNOK | 0.7 MNOK | 0.8 MNOK |
| Total assets | 7.9 MNOK | 6.6 MNOK | 5.8 MNOK |
| Current assets | 7.8 MNOK | 6.6 MNOK | 5.8 MNOK |
| Equity | −0.6 MNOK | −1.5 MNOK | −2.0 MNOK |
| Retained earnings | −0.9 MNOK | −1.8 MNOK | −2.1 MNOK |
| Total liabilities | 8.5 MNOK | 8.1 MNOK | 7.9 MNOK |
| Current liabilities | 8.5 MNOK | 8.1 MNOK | 7.0 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 6328907.