BULK TRADING GROUP AS
Score · fiscal year 2025
Not enough data: Revenue not reported
Based on the annual accounts for 2025
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 0 MNOK | 45 MNOK |
| Operating margin | – | 14.3% |
| Profit margin | – | 10.0% |
| Return on assets | 8.7% | 8.5% |
| Equity ratio | 93.6% | 42.2% |
| Debt-to-equity | 0.07 | 1.21 |
| Current ratio | 21.03 | 1.50 |
| Revenue growth | – | 2.5% |
The median and “ahead of” refer to companies in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
Score over time
Score over time needs at least two fiscal years with a score. It will appear when next year's figures are fetched or history is imported.
What the numbers say
BULK TRADING GROUP AS had an equity ratio of 93.6% in 2025. The company is not ranked: revenue not reported.
From 2024 to 2025: went from a loss to a profit before tax and the equity ratio rose from 73.6% to 93.6%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 69 MUSD and 99 MUSD.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 69 MUSD |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | 99 MUSD |
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 33.2% 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
- watch No revenue but large assets
- watch Reports in a currency other than NOK
Scenario analysis: the sector's weakest year
We have no accounts for 2026, the sector's weakest year, for this company.
The sector's weakest year was 2026, with a median operating margin of 6.1%. Based on the 7 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
Questions and answers
How profitable is BULK TRADING GROUP AS?
The operating margin was – in 2025, against a median of 14.3% among companies in the same sector. Return on assets was 8.7%.
How solid is BULK TRADING GROUP AS?
The equity ratio was 93.6% in 2025 (median 42.2%). Debt-to-equity was 0.07 (median 1.21).
What is the liquidity of BULK TRADING GROUP AS like?
The current ratio was 21.03 in 2025 (median 1.50).
Group accounts · 2025
57 of 100
Rank 11 of 39 groups in the Morning class Medium in Sjøfart. Groups are ranked only against other groups in the same sector and class, never against single companies.
- Operating revenue, group
- 20 MUSD
- ≈ 204 MNOK at Norges Bank's rate for the period
- Operating profit, group
- 4 MUSD
- ≈ 42 MNOK at Norges Bank's rate for the period
- Profit before tax, group
- 3 MUSD
- ≈ 34 MNOK at Norges Bank's rate for the period
- Total assets, group
- 182 MUSD
- ≈ 1,831 MNOK at Norges Bank's rate for the period
- Equity, group
- 101 MUSD
- ≈ 1,014 MNOK at Norges Bank's rate for the period
The group accounts are in USD. Amounts are shown in USD, with NOK below. Ratios are computed in USD.
| Key figure | The group | The company alone (2025) |
|---|---|---|
| Operating margin | 20.5% | – |
| Return on assets | 5.1% | 8.7% |
| Equity ratio | 55.4% | 93.6% |
| Current ratio | 3.05 | 21.03 |
| Revenue growth | 117.1% | – |
Group index in earlier years: 2023: 62 (11 of 40), 2024: 50 (14 of 35).
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).
Read the figures with care: a company in a group can look strong because of group contributions, or weak because dividends go up to the parent. The figures are indications, not the full picture.
We do not show the group structure, because open data does not say who owns whom.
From the Central Coordinating Register
- Org. no.
- 922874875
- Legal form
- AS · part of a group
- Sector
- Sjøfart (50.201)
- Employees
- 0–4 (not registered)
- Founded
- 30 April 2019 7 years in operation
- Share capital
- 0.40 MNOK
- Business address
- Zander Kaaes gate 7, 5015 BERGEN
- Municipality
- Bergen rank 8 of 11 in KOSTRA group 12
- Latest accounts filed
- 2025
- LEI
- 529900WNGTHTSTEZY911 renews 30 June 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
- Chair of the board
- Hans Petter Høegh
- Board member
- Torstein Gjærder Bruvik
- Deputy member
- Petter Mowinckel
- Auditor
- PRICEWATERHOUSECOOPERS AS
Source: Central Coordinating Register, fetched 29 October 2026. Only names are shown.
- Parent company
- Parent not made public
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 26 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | – | – | – | |
| Rank | – | – | – | |
| Operating margin | −44.0% | – | – | |
| Return on assets | 8.0% | 0.9% | 8.7% | |
| Equity ratio | 75.7% | 73.6% | 93.6% | |
| Current ratio | 0.48 | 2.22 | 21.03 | |
| Revenue growth | – | −100.0% | – |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (USD). Revenue in NOK is converted from USD at the mean rate for the accounting period 1 January 2025–31 December 2025: 10.3912 (norges_bank). Balance-sheet amounts use the rate on the balance-sheet date. Ratios and growth are computed in USD. Exchange rates at Norges Bank
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 0.0 MUSD | 0.0 MUSD | 0.0 MUSD |
| Operating profit | 0.0 MUSD | 0.0 MUSD | 0.0 MUSD |
| Profit before tax | 0.0 MUSD | −4.3 MUSD | 6.9 MUSD |
| Net profit | 0.0 MUSD | −4.3 MUSD | 6.9 MUSD |
| Financial expenses | 1.3 MUSD | 5.1 MUSD | 2.2 MUSD |
| Total assets | 16.4 MUSD | 85.2 MUSD | 105.4 MUSD |
| Current assets | 0.2 MUSD | 5.3 MUSD | 7.8 MUSD |
| Equity | 12.4 MUSD | 62.6 MUSD | 98.6 MUSD |
| Retained earnings | – | – | 2.5 MUSD |
| Total liabilities | 4.0 MUSD | 22.5 MUSD | 6.8 MUSD |
| Current liabilities | 0.4 MUSD | 2.4 MUSD | 0.4 MUSD |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 6583605.