BR. Ludvigsen AS
Score · fiscal year 2025
70of 100
How to read this: the company is ahead of 88 % of companies in the Morning class Micro in the same sector in 2025. What does this mean?
Rank in the Morning class Micro: 146 of 1,197 · What are Morning company classes?
Place in the whole sector: 262 of 2,212 · Sjømat
Profile
Lion · Leader
High profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 65 and solidity 73 out of 100 among companies in the Morning class Micro in the same sector in 2025. Methodology
Against the sector
BR. Ludvigsen AS is 20 points above the median for companies in the Morning class Micro in the same sector in 2025.
Median score 50 among 1,197 companies.
Against companies in the Morning class Micro in the same sector in 2025: operating margin 27.1% (median 13.6%) and equity ratio 64.5% (median 34.3%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 5 MNOK | 3 MNOK |
| Operating margin | 27.1% | 13.6% |
| Profit margin | 36.6% | 9.7% |
| Return on assets | 9.0% | 7.4% |
| Equity ratio | 64.5% | 34.3% |
| Debt-to-equity | 0.55 | 1.46 |
| Current ratio | 12.87 | 1.72 |
| Revenue growth | 38.4% | 23.6% |
The median and “ahead of” refer to companies in the Morning class Micro in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 70, BR. Ludvigsen AS does better than 88% of companies in the Morning class Micro in the same sector (1,197 companies) in 2025.
Score 2023–2025
- BR. Ludvigsen AS
- Median: companies in the Morning class Micro in the same sector
BR. Ludvigsen AS has a score of 70 for 2025, rank 262 of 2,212 in the sector.
Strongest: Liquidity: percentile 94 against peers, current ratio 12.87 against a median of 1.72. Solidity: percentile 73 against peers, equity ratio 64.5% against a median of 34.3%.
No area is clearly below its peers.
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
BR. Ludvigsen AS had an operating margin of 27.1% and an equity ratio of 64.5% in 2025, and ranks 262 of 2,212 in Sjømat.
From 2024 to 2025: the operating margin rose from 3.4% to 27.1% and revenue grew by 38%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 12 MNOK and 17 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 16 MNOK |
| EV/EBIT | 8.0 | 12 MNOK |
| P/B | 1.0 | 17 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
No rules were triggered for this year.
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 5.3% 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 | 65 | weight 30% |
|---|---|---|
| Solidity | 73 | weight 25% |
| Liquidity | 94 | weight 15% |
| Growth | 62 | weight 15% |
| Consistency | 59 | weight 15% |
Durability: 65 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is BR. Ludvigsen AS?
The operating margin was 27.1% in 2025, against a median of 13.6% among companies in the Morning class Micro in the same sector. Return on assets was 9.0%.
How solid is BR. Ludvigsen AS?
The equity ratio was 64.5% in 2025 (median 34.3%). Debt-to-equity was 0.55 (median 1.46).
What is the liquidity of BR. Ludvigsen AS like?
The current ratio was 12.87 in 2025 (median 1.72).
How does BR. Ludvigsen AS compare in Sjømat?
BR. Ludvigsen AS ranks 262 of 2,212 in Sjømat for 2025. Among companies in the Morning class Micro it is number 146 of 1,197. Revenue changed by 38.4% from the year before.
From the Central Coordinating Register
- Org. no.
- 985766932
- Legal form
- AS
- Sector
- Sjømat (03.110)
- Morning company class
- Micro
- Employees
- 0–4 (not registered)
- Founded
- 6 May 2003 23 years in operation
- Share capital
- 0.74 MNOK
- Business address
- Sommarøyvegen 7, 9110 SOMMARØYA (TROMSØ)
- Municipality
- Tromsø rank 9 of 11 in KOSTRA group 12
- 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
- Chief executive
- Kurt-Egil Ludvigsen
- Chair of the board
- Kenneth Mikkelsen
- Board member
- Kurt-Egil Ludvigsen
- Board member
- Trond Inge Ludvigsen
- Auditor
- Revicom AS
- Accountant
- Vsk Regnskap 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 29 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 69 | 57 | 70 | |
| Rank | 401 | 719 | 262 | |
| Operating margin | 28.3% | 3.4% | 27.1% | |
| Return on assets | 7.5% | 4.1% | 9.0% | |
| Equity ratio | 54.1% | 58.0% | 64.5% | |
| Current ratio | 12.13 | 10.85 | 12.87 | |
| Revenue growth | – | −20.8% | 38.4% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 4.6 MNOK | 3.6 MNOK | 5.0 MNOK |
| Operating profit | 1.3 MNOK | 0.1 MNOK | 1.4 MNOK |
| Profit before tax | −3.9 MNOK | 0.4 MNOK | 1.8 MNOK |
| Net profit | −4.1 MNOK | 0.5 MNOK | 1.6 MNOK |
| Financial expenses | 5.9 MNOK | 0.7 MNOK | 0.5 MNOK |
| Total assets | 27.1 MNOK | 26.1 MNOK | 26.0 MNOK |
| Current assets | 9.5 MNOK | 9.5 MNOK | 9.3 MNOK |
| Equity | 14.7 MNOK | 15.1 MNOK | 16.8 MNOK |
| Retained earnings | 5.7 MNOK | 6.2 MNOK | 7.8 MNOK |
| Total liabilities | 12.4 MNOK | 11.0 MNOK | 9.2 MNOK |
| Current liabilities | 0.8 MNOK | 0.9 MNOK | 0.7 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 29 October 2026, accounts id 7098080.
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