Larstein AS
Score · fiscal year 2024
90of 100
How to read this: the company is ahead of 100 % of companies in the Morning class Micro in the same sector in 2024. What does this mean?
Rank in the Morning class Micro: 5 of 1,021 · What are Morning company classes?
Place in the whole sector: 12 of 1,994 · Sjømat
Profile
Lion · Leader
High profitability, high solidity
Position against comparable companies in 2024, not a verdict on the company. Based on profitability 98 and solidity 93 out of 100 among companies in the Morning class Micro in the same sector in 2024. Methodology
Against the sector
Larstein AS is 40 points above the median for companies in the Morning class Micro in the same sector in 2024.
Median score 50 among 1,021 companies.
Against companies in the Morning class Micro in the same sector in 2024: operating margin 73.3% (median 7.7%) and equity ratio 88.6% (median 32.5%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 4 MNOK | 3 MNOK |
| Operating margin | 73.3% | 7.7% |
| Profit margin | 2,211.6% | 3.4% |
| Return on assets | 56.8% | 4.5% |
| Equity ratio | 88.6% | 32.5% |
| Debt-to-equity | 0.13 | 1.56 |
| Current ratio | 5.90 | 1.60 |
| Revenue growth | 92.1% | −4.2% |
The median and “ahead of” refer to companies in the Morning class Micro in the same sector in 2024. The bar shows the share of companies the figure is ahead of.
With an index of 90, Larstein AS does better than 100% of companies in the Morning class Micro in the same sector (1,021 companies) in 2024.
Score 2023–2025
- Larstein AS
- Median: companies in the Morning class Micro in the same sector
What the numbers say
Larstein AS had an operating margin of 73.3% and an equity ratio of 88.6% in 2024, and ranks 12 of 1,994 in Sjømat.
From 2023 to 2024: the operating margin rose from −145.4% to 73.3% and went from a loss to a profit before tax.
This text is generated automatically from the 2024 accounts.
Three simple methods
The methods give between 24 MNOK and 895 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 895 MNOK |
| EV/EBIT | 8.0 | 24 MNOK |
| P/B | 1.0 | 142 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
- positive
Upper quartile on profitability, solidity and liquidity. What sets this company apart from the rest of the sector?
Based on: Operating margin 73.3% (median 7.7%); Equity ratio 88.6% (median 32.5%); Current ratio 5.90 (median 1.60).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 6.7% of the debt in 2024. The policy rate averaged 4.50 % 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 | 98 | weight 30% |
|---|---|---|
| Solidity | 93 | weight 25% |
| Liquidity | 86 | weight 15% |
| Growth | 89 | weight 15% |
| Consistency | 77 | weight 15% |
Durability: 70 (average over 2 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Larstein AS?
The operating margin was 73.3% in 2024, against a median of 7.7% among companies in the Morning class Micro in the same sector. Return on assets was 56.8%.
How solid is Larstein AS?
The equity ratio was 88.6% in 2024 (median 32.5%). Debt-to-equity was 0.13 (median 1.56).
What is the liquidity of Larstein AS like?
The current ratio was 5.90 in 2024 (median 1.60).
How does Larstein AS compare in Sjømat?
Larstein AS ranks 12 of 1,994 in Sjømat for 2024. Among companies in the Morning class Micro it is number 5 of 1,021. Revenue changed by 92.1% from the year before.
Group accounts · 2025
51 of 100
Rank 46 of 87 groups in the Morning class Medium in Sjømat. Groups are ranked only against other groups in the same sector and class, never against single companies.
- Operating revenue, group
- 459 MNOK
- Operating profit, group
- 45 MNOK
- Profit before tax, group
- 6 MNOK
- Total assets, group
- 1,859 MNOK
- Equity, group
- 764 MNOK
| Key figure | The group | The company alone (2024) |
|---|---|---|
| Operating margin | 9.7% | – |
| Return on assets | 4.3% | – |
| Equity ratio | 41.1% | – |
| Current ratio | 1.96 | – |
| Revenue growth | – | – |
Same formulas and weights as the company index. Group and company are never added together, and the group accounts are not part of sector averages or company rankings.
Source: Brønnøysund Register Centre, group accounts 2025 (open data, NLOD 2.0).
We do not show the group structure, because open data does not say who owns whom.
From the Central Coordinating Register
- Org. no.
- 979963378
- Legal form
- AS
- Sector
- Sjømat (03.110)
- Morning company class
- Micro
- Employees
- 0–4 (not registered)
- Founded
- 27 May 1998 28 years in operation
- Share capital
- 0.11 MNOK
- Business address
- Trollhaugmyra 15, 5353 STRAUME (ØYGARDEN)
- Municipality
- Øygarden rank 1–6 of 13 in KOSTRA group 10
- 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
Loading roles …
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 28 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 50 | 90 | – | |
| Rank | 1,030 | 12 | – | |
| Operating margin | −145.4% | 73.3% | −998.9% | |
| Return on assets | −2.8% | 56.8% | 1.4% | |
| Equity ratio | 71.8% | 88.6% | 58.3% | |
| Current ratio | 1.18 | 5.90 | 0.91 | |
| Revenue growth | – | 92.1% | −94.2% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 2.1 MNOK | 4.0 MNOK | 0.2 MNOK |
| Operating profit | −3.1 MNOK | 3.0 MNOK | −2.3 MNOK |
| Profit before tax | −3.5 MNOK | 89.5 MNOK | −0.2 MNOK |
| Net profit | −3.5 MNOK | 89.5 MNOK | −0.2 MNOK |
| Financial expenses | 1.3 MNOK | 1.2 MNOK | 1.2 MNOK |
| Total assets | 79.4 MNOK | 159.8 MNOK | 67.0 MNOK |
| Current assets | 20.5 MNOK | 107.6 MNOK | 25.3 MNOK |
| Equity | 57.0 MNOK | 141.5 MNOK | 39.0 MNOK |
| Retained earnings | 56.9 MNOK | 141.4 MNOK | 38.9 MNOK |
| Total liabilities | 22.4 MNOK | 18.2 MNOK | 27.9 MNOK |
| Current liabilities | 17.4 MNOK | 18.2 MNOK | 27.9 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 28 October 2026, accounts id 6176399.
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