BØRNES AS
Score · fiscal year 2025
49of 100
How to read this: the company is ahead of 49 % of small companies in the same sector in 2025. What does this mean?
Rank: 2,149 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 59 and solidity 14 out of 100 among small companies in the same sector in 2025. Methodology
Against the sector
BØRNES AS is 1 points below the median for small companies in the same sector in 2025.
Median score 50 among 3,607 companies.
Against small companies in the same sector in 2025: operating margin 12.4% (median 9.9%) and equity ratio 3.7% (median 36.4%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 17 MNOK | 2 MNOK |
| Operating margin | 12.4% | 9.9% |
| Profit margin | 2.9% | 6.6% |
| Return on assets | 7.1% | 3.1% |
| Equity ratio | 3.7% | 36.4% |
| Debt-to-equity | 26.35 | 1.03 |
| Current ratio | 4.20 | 1.66 |
| Revenue growth | 30.7% | 13.5% |
| Revenue per employee | 2.08 MNOK | 1.95 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 49, BØRNES AS does better than 49% of small companies in the same sector (3,639 companies) in 2025.
Score 2023–2025
- BØRNES AS
- Median: small companies in the same sector
BØRNES AS has a score of 49 for 2025, rank 2,149 of 4,158 in the sector.
Strongest: Liquidity: percentile 74 against peers, current ratio 4.20 against a median of 1.66. Growth: percentile 64 against peers, revenue growth 30.7% against a median of 13.5%.
Weakest: Solidity: percentile 14 against peers, equity ratio 3.7% against a median of 36.4%.
Worth a closer look
- The equity ratio is very low. Could the company absorb a bad year, and does it need more equity? Based on: equity ratio 3.7% (median 36.4%).
- 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
BØRNES AS had an operating margin of 12.4% and an equity ratio of 3.7% in 2025, and ranks 2,149 of 4,158 in Sjømat.
From 2024 to 2025: the operating margin rose from −9.5% to 12.4% and went from a loss to a profit before tax.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 1 MNOK and 5 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 5 MNOK |
| EV/EBIT | 8.0 | debt above value |
| 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
- watch
The equity ratio is very low. Could the company absorb a bad year, and does it need more equity?
Based on: Equity ratio 3.7% (median 36.4%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 6.0% 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 | 59 | weight 30% |
|---|---|---|
| Solidity | 14 | weight 25% |
| Liquidity | 74 | weight 15% |
| Growth | 64 | weight 15% |
| Consistency | 47 | weight 15% |
Durability: 44 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is BØRNES AS?
The operating margin was 12.4% in 2025, against a median of 9.9% among small companies in the same sector. Return on assets was 7.1%.
How solid is BØRNES AS?
The equity ratio was 3.7% in 2025 (median 36.4%). Debt-to-equity was 26.35 (median 1.03).
What is the liquidity of BØRNES AS like?
The current ratio was 4.20 in 2025 (median 1.66).
How does BØRNES AS compare in Sjømat?
BØRNES AS ranks 2,149 of 4,158 in Sjømat for 2025. Among companies of the same size (small companies) it ranks 1,863 of 3,639. Revenue changed by 30.7% from the year before.
From the Central Coordinating Register
- Org. no.
- 929347730
- Legal form
- AS
- Sector
- Sjømat (03.110)
- Size tier
- small
- Employees
- 8 registered 10 October 2026
- Founded
- 10 May 2022 4 years in operation
- Share capital
- 0.20 MNOK
- Business address
- Elvebakken 33, 9750 HONNINGSVÅG (NORDKAPP)
- Municipality
- Nordkapp rank 3–9 of 9 in KOSTRA group 3
- 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
- Chair of the board
- Roar Åge Pedersen
- Auditor
- CEDRA NORGE 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 27 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 47 | 35 | 49 | |
| Rank | 2,052 | 2,957 | 2,149 | |
| Operating margin | 14.5% | −9.5% | 12.4% | |
| Return on assets | 7.0% | −2.0% | 7.1% | |
| Equity ratio | 8.9% | 2.4% | 3.7% | |
| Current ratio | 3.26 | 4.12 | 4.20 | |
| Revenue growth | – | −21.6% | 30.7% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 16.3 MNOK | 12.8 MNOK | 16.7 MNOK |
| Operating profit | 2.3 MNOK | −1.2 MNOK | 2.1 MNOK |
| Profit before tax | 1.0 MNOK | −3.0 MNOK | 0.5 MNOK |
| Net profit | 0.8 MNOK | −2.8 MNOK | 0.5 MNOK |
| Financial expenses | 1.9 MNOK | 2.2 MNOK | 2.1 MNOK |
| Total assets | 40.8 MNOK | 35.5 MNOK | 35.9 MNOK |
| Current assets | 10.7 MNOK | 7.0 MNOK | 10.2 MNOK |
| Equity | 3.6 MNOK | 0.8 MNOK | 1.3 MNOK |
| Retained earnings | 1.4 MNOK | 0.0 MNOK | 0.5 MNOK |
| Total liabilities | 37.2 MNOK | 34.7 MNOK | 34.6 MNOK |
| Current liabilities | 3.3 MNOK | 1.7 MNOK | 2.4 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 27 October 2026, accounts id 6984906.
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