Lindum AS
Score · fiscal year 2025
40of 100
How to read this: the company is ahead of 29 % of companies in the Morning class Large in the same sector in 2025. What does this mean?
Rank in the Morning class Large: 13 of 18 · What are Morning company classes?
Place in the whole sector: 115 of 160 · Vann, avløp og renovasjon
Profile
Elephant · Steward
Lower profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 15 and solidity 71 out of 100 among companies in the Morning class Large in the same sector in 2025. Methodology
Against the sector
Lindum AS is 8 points below the median for companies in the Morning class Large in the same sector in 2025.
Median score 48 among 18 companies.
Against companies in the Morning class Large in the same sector in 2025: operating margin −0.4% (median 3.4%) and equity ratio 36.9% (median 28.4%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 671 MNOK | 1,092 MNOK |
| Operating margin | −0.4% | 3.4% |
| Profit margin | −0.6% | 5.3% |
| Return on assets | 0.7% | 10.2% |
| Equity ratio | 36.9% | 28.4% |
| Debt-to-equity | 1.71 | 2.52 |
| Current ratio | 1.08 | 0.98 |
| Revenue growth | 0.1% | 4.8% |
| Revenue per employee | 4.42 MNOK | 5.78 MNOK |
The median and “ahead of” refer to companies in the Morning class Large in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 40, Lindum AS does better than 29% of companies in the Morning class Large in the same sector (18 companies) in 2025.
Score 2023–2025
- Lindum AS
- Median: companies in the Morning class Large in the same sector
Lindum AS has a score of 40 for 2025, rank 115 of 160 in the sector.
Strongest: Solidity: percentile 71 against peers, equity ratio 36.9% against a median of 28.4%.
Weakest: Profitability: percentile 15 against peers, operating margin −0.4% against a median of 3.4%. Growth: percentile 24 against peers, revenue growth 0.1% against a median of 4.8%.
Worth a closer look
- The company made a loss before tax. Are these one-off items or a pattern? Based on: profit margin −0.6% (median 5.3%).
- The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors? Based on: operating margin −0.4% (median 3.4%).
- What lies behind weak profitability, and will it last?
- What lies behind weak growth, 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
Lindum AS had an operating margin of −0.4% and an equity ratio of 36.9% in 2025, and ranks 115 of 160 in Vann, avløp og renovasjon.
From 2024 to 2025: went from a profit to a loss before tax and the operating margin fell from 2.7% to −0.4%.
This text is generated automatically from the 2025 accounts.
Three simple methods
One method gives a figure: 235 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | 235 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 company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −0.6% (median 5.3%).
- 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 −0.4% (median 3.4%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 2.1% 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 1.1%. Based on the 4 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 15 | weight 30% |
|---|---|---|
| Solidity | 71 | weight 25% |
| Liquidity | 59 | weight 15% |
| Growth | 24 | weight 15% |
| Consistency | 39 | weight 15% |
Durability: 45 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Lindum AS?
The operating margin was −0.4% in 2025, against a median of 3.4% among companies in the Morning class Large in the same sector. Return on assets was 0.7%. The company made a loss before tax.
How solid is Lindum AS?
The equity ratio was 36.9% in 2025 (median 28.4%). Debt-to-equity was 1.71 (median 2.52).
What is the liquidity of Lindum AS like?
The current ratio was 1.08 in 2025 (median 0.98).
How does Lindum AS compare in Vann, avløp og renovasjon?
Lindum AS ranks 115 of 160 in Vann, avløp og renovasjon for 2025. Among companies in the Morning class Large it is number 13 of 18. Revenue changed by 0.1% from the year before.
Public contracts
- Contracts awarded since 2024
- 8
- in 7 notices (lots counted separately)
- Total awarded value since 2024
- 93.3 MNOK
- 5 contracts without a stated value are not in the total.
- Framework agreements
- 2
- Left out of the total: the value is a ceiling, not actual spend.
| Date | Buyer | Notice | Value |
|---|---|---|---|
| 18 June 2026 | SAUDA KOMMUNE | Mottak av avfall, rammeavtale | 35.0 MNOK (framework) |
| 2 March 2026 | Renovasjonsselskapet for Drammensregionen IKS (RfD) | Transport og behandling av blandet trevirke fra gjenvinningsstasjoner - rammeavtale | 25.0 MNOK (framework) |
| 12 January 2026 | Romerike Avfallsforedling IKS | Transport og behandling av Matavfall | 93.3 MNOK |
| 21 November 2024 | Renovasjonsselskapet for Drammensregionen IKS | Tunge masser RfD | value not stated |
| 14 May 2024 | Karmøy kommune | Transport og sluttbehandling av trykkimpregnert trevirke | value not stated |
| 13 May 2024 | Karmøy kommune | Ny konkurranse Transport og sluttbehandling av avvannet slam | value not stated |
| 6 March 2024 | Asker kommune | Transport og behandling av matavfall | value not stated (2 lots) |
| 29 November 2023 | Oslo kommune v/ Vann- og avløpsetaten | Avhending og sluttdisponering av biorest | 50.0 MNOK |
| 8 February 2023 | Bir AS | Bytte av avfallstyper inkl. potensielle transportytelser | 28.0 MNOK (framework) |
| 31 August 2022 | Sirkulær Bestiller AS | Behandling av matavfall | 228.9 MNOK |
Based on notices in Doffin. Does not show call-offs under framework agreements or purchases below the publication threshold. Values are as stated by the buyer.
Source: Doffin (DFØ), fetched 28 October 2026. Winners are matched on organisation number.
Contains data under the Norwegian licence for public data (NLOD 2.0) made available by Doffin/the Norwegian Agency for Public and Financial Management (DFØ). NLOD 2.0
From the Central Coordinating Register
- Org. no.
- 979618840
- Legal form
- AS
- Sector
- Vann, avløp og renovasjon (38.210)
- Morning company class
- Large
- Employees
- 152 registered 10 September 2026
- Founded
- 27 August 2001 25 years in operation
- Share capital
- 25.00 MNOK
- Business address
- Lerpeveien 165, 3036 DRAMMEN
- Municipality
- Drammen rank 10 of 11 in KOSTRA group 12
- Latest accounts filed
- 2025
- Website
- www.lindum.no
- LEI
- 549300W7EUDR9GX2C395 renews 5 November 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
Loading roles …
Source: Central Coordinating Register, fetched 31 October 2026. Only names are shown.
- Parent company
- Parent does not consolidate the company
Source: GLEIF (Global Legal Entity Identifier Foundation), fetched 30 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 31 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 47 | 49 | 40 | |
| Rank | 89 | 86 | 115 | |
| Operating margin | −1.0% | 2.7% | −0.4% | |
| Return on assets | 1.5% | 3.4% | 0.7% | |
| Equity ratio | 39.0% | 37.5% | 36.9% | |
| Current ratio | 1.79 | 1.25 | 1.08 | |
| Revenue growth | – | 14.1% | 0.1% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 588.0 MNOK | 671.0 MNOK | 671.4 MNOK |
| Operating profit | −6.1 MNOK | 18.0 MNOK | −2.4 MNOK |
| Profit before tax | −4.7 MNOK | 12.5 MNOK | −4.3 MNOK |
| Net profit | −1.9 MNOK | 10.5 MNOK | −1.3 MNOK |
| Financial expenses | 14.1 MNOK | 9.0 MNOK | 8.5 MNOK |
| Total assets | 614.8 MNOK | 630.6 MNOK | 638.5 MNOK |
| Current assets | 219.6 MNOK | 209.7 MNOK | 177.3 MNOK |
| Equity | 239.6 MNOK | 236.8 MNOK | 235.3 MNOK |
| Retained earnings | 214.4 MNOK | 211.6 MNOK | 210.1 MNOK |
| Total liabilities | 375.3 MNOK | 393.8 MNOK | 403.2 MNOK |
| Current liabilities | 122.6 MNOK | 167.2 MNOK | 164.4 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 31 October 2026, accounts id 6886118.
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