Lending Rederi AS
Score · fiscal year 2025
4of 100
How to read this: the company is ahead of 0 % of companies in the Morning class Medium in the same sector in 2025. What does this mean?
Rank in the Morning class Medium: 490 of 491 · What are Morning company classes?
Place in the whole sector: 2,210 of 2,212 · Sjømat
Profile
Beaver · Builder
Lower profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 2 and solidity 2 out of 100 among companies in the Morning class Medium in the same sector in 2025. Methodology
Against the sector
Lending Rederi AS is 45 points below 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 −96.6% (median 13.4%) and equity ratio 0.3% (median 33.1%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 54 MNOK | 119 MNOK |
| Operating margin | −96.6% | 13.4% |
| Profit margin | −98.5% | 8.2% |
| Return on assets | −12.4% | 9.2% |
| Equity ratio | 0.3% | 33.1% |
| Debt-to-equity | 356.49 | 1.99 |
| Current ratio | 0.26 | 1.68 |
| Revenue growth | −35.9% | 10.6% |
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 4, Lending Rederi AS does better than 0% of companies in the Morning class Medium in the same sector (491 companies) in 2025.
Score 2023–2025
- Lending Rederi AS
- Median: companies in the Morning class Medium in the same sector
Lending Rederi AS has a score of 4 for 2025, rank 2,210 of 2,212 in the sector.
Strongest: Consistency: percentile 17 against peers.
Weakest: Solidity: percentile 2 against peers, equity ratio 0.3% against a median of 33.1%. Profitability: percentile 2 against peers, operating margin −96.6% against a median of 13.4%.
Worth a closer look
- Consider strengthening liquidity: current liabilities are 3.8 times current assets. Based on: current ratio 0.26 (median 1.68).
- The equity ratio is very low. Could the company absorb a bad year, and does it need more equity? Based on: equity ratio 0.3% (median 33.1%).
- The company made a loss before tax. Are these one-off items or a pattern? Based on: profit margin −98.5% (median 8.2%).
- 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
Lending Rederi AS had an operating margin of −96.6% and an equity ratio of 0.3% in 2025, and ranks 2,210 of 2,212 in Sjømat.
From 2024 to 2025: the operating margin fell from 15.3% to −96.6% and revenue fell by 36%.
This text is generated automatically from the 2025 accounts.
Three simple methods
One method gives a figure: 1 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | 1 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
- critical
Consider strengthening liquidity: current liabilities are 3.8 times current assets.
Based on: Current ratio 0.26 (median 1.68).
- watch
The equity ratio is very low. Could the company absorb a bad year, and does it need more equity?
Based on: Equity ratio 0.3% (median 33.1%).
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −98.5% (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 −96.6% (median 13.4%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 0.5% 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.
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 | 2 | weight 30% |
|---|---|---|
| Solidity | 2 | weight 25% |
| Liquidity | 3 | weight 15% |
| Growth | 3 | weight 15% |
| Consistency | 17 | weight 15% |
Durability: 18 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Lending Rederi AS?
The operating margin was −96.6% in 2025, against a median of 13.4% among companies in the Morning class Medium in the same sector. Return on assets was −12.4%. The company made a loss before tax.
How solid is Lending Rederi AS?
The equity ratio was 0.3% in 2025 (median 33.1%). Debt-to-equity was 356.49 (median 1.99).
What is the liquidity of Lending Rederi AS like?
The current ratio was 0.26 in 2025 (median 1.68). Current assets did not cover current liabilities.
How does Lending Rederi AS compare in Sjømat?
Lending Rederi AS ranks 2,210 of 2,212 in Sjømat for 2025. Among companies in the Morning class Medium it is number 490 of 491. Revenue changed by −35.9% from the year before.
From the Central Coordinating Register
- Org. no.
- 928021637
- Legal form
- AS
- Sector
- Sjømat (03.110)
- Morning company class
- Medium
- Employees
- 0–4 (not registered)
- Founded
- 16 September 2021 5 years in operation
- Share capital
- 0.04 MNOK
- Business address
- Ytrøyvegen 23, 6927 YTRØYGREND (SOLUND)
- Municipality
- Solund rank 5–19 of 36 in KOSTRA group 15
- Latest accounts filed
- 2025
- LEI
- 1595EUHTQHDUQEI0N259 not renewed (lapsed)
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
- Linne Lending
- Chair of the board
- Gunnar Bøyum
- Board member
- Magnar Egil Lending
- Board member
- Werner Lending
- Board member
- Linne Lending
- Auditor
- Tell Norge AS
- Accountant
- Aider 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 27 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 25 | 26 | 4 | |
| Rank | 1,772 | 1,749 | 2,210 | |
| Operating margin | 22.8% | 15.3% | −96.6% | |
| Return on assets | 4.9% | 2.7% | −12.4% | |
| Equity ratio | 1.7% | 2.7% | 0.3% | |
| Current ratio | 1.16 | 1.54 | 0.26 | |
| Revenue growth | – | −14.7% | −35.9% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 99.2 MNOK | 84.6 MNOK | 54.2 MNOK |
| Operating profit | 22.7 MNOK | 12.9 MNOK | −52.3 MNOK |
| Profit before tax | 0.2 MNOK | −12.4 MNOK | −53.4 MNOK |
| Net profit | −0.3 MNOK | −10.2 MNOK | −51.2 MNOK |
| Financial expenses | 25.3 MNOK | 26.3 MNOK | 2.0 MNOK |
| Total assets | 519.4 MNOK | 518.7 MNOK | 415.9 MNOK |
| Current assets | 22.0 MNOK | 23.6 MNOK | 107.6 MNOK |
| Equity | 8.9 MNOK | 13.9 MNOK | 1.2 MNOK |
| Retained earnings | −1.5 MNOK | 3.5 MNOK | −4.8 MNOK |
| Total liabilities | 510.4 MNOK | 504.7 MNOK | 414.8 MNOK |
| Current liabilities | 19.1 MNOK | 15.3 MNOK | 408.9 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 27 October 2026, accounts id 7030954.
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