BLUE STEEL DRY BULK AS
Score · fiscal year 2025
53of 100
How to read this: the company is ahead of 58 % of small companies in the same sector in 2025. What does this mean?
Rank: 658 of 1,589 · Sjøfart
Profile
Cheetah · Sprinter
High profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 75 and solidity 33 out of 100 among small companies in the same sector in 2025. Methodology
Against the sector
BLUE STEEL DRY BULK AS is 3 points above the median for small companies in the same sector in 2025.
Median score 50 among 1,146 companies.
Against small companies in the same sector in 2025: operating margin 30.7% (median 8.5%) and equity ratio 35.2% (median 50.7%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 50 MNOK | 5 MNOK |
| Operating margin | 30.7% | 8.5% |
| Profit margin | 48.6% | 9.2% |
| Return on assets | 14.2% | 3.1% |
| Equity ratio | 35.2% | 50.7% |
| Debt-to-equity | 1.84 | 0.68 |
| Current ratio | 17.98 | 1.74 |
| Revenue growth | −22.6% | 0.4% |
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 53, BLUE STEEL DRY BULK AS does better than 58% of small companies in the same sector (1,152 companies) in 2025.
Score 2023–2025
- BLUE STEEL DRY BULK AS
- Median: small companies in the same sector
BLUE STEEL DRY BULK AS has a score of 53 for 2025, rank 658 of 1,589 in the sector.
Strongest: Liquidity: percentile 86 against peers, current ratio 17.98 against a median of 1.74. Profitability: percentile 75 against peers, operating margin 30.7% against a median of 8.5%.
Weakest: Growth: percentile 22 against peers, revenue growth −22.6% against a median of 0.4%. Solidity: percentile 33 against peers, equity ratio 35.2% against a median of 50.7%.
Worth a closer look
- What lies behind weak growth, and will it last?
- 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
BLUE STEEL DRY BULK AS had an operating margin of 30.7% and an equity ratio of 35.2% in 2025, and ranks 658 of 1,589 in Sjøfart.
From 2024 to 2025: went from a loss to a profit before tax and the operating margin fell from 46.7% to 30.7%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 101 MNOK and 244 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 244 MNOK |
| EV/EBIT | 8.0 | debt above value |
| P/B | 1.0 | 101 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.
Data quality
No anomalies found in the figures.
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
What the score is made of
| Profitability | 75 | weight 30% |
|---|---|---|
| Solidity | 33 | weight 25% |
| Liquidity | 86 | weight 15% |
| Growth | 22 | weight 15% |
| Consistency | 42 | weight 15% |
Durability: 56 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is BLUE STEEL DRY BULK AS?
The operating margin was 30.7% in 2025, against a median of 8.5% among small companies in the same sector. Return on assets was 14.2%.
How solid is BLUE STEEL DRY BULK AS?
The equity ratio was 35.2% in 2025 (median 50.7%). Debt-to-equity was 1.84 (median 0.68).
What is the liquidity of BLUE STEEL DRY BULK AS like?
The current ratio was 17.98 in 2025 (median 1.74).
How does BLUE STEEL DRY BULK AS compare in Sjøfart?
BLUE STEEL DRY BULK AS ranks 658 of 1,589 in Sjøfart for 2025. Among companies of the same size (small companies) it ranks 484 of 1,152. Revenue changed by −22.6% from the year before.
From the Central Coordinating Register
- Org. no.
- 927424630
- Legal form
- AS
- Sector
- Sjøfart (50.201)
- Size tier
- small
- Employees
- 0–4 (not registered)
- Founded
- 21 June 2021 5 years in operation
- Share capital
- 0.70 MNOK
- Business address
- c/o Uthalden Maritime AS, Flyt kontor, Dronning Eufemias gate 8, 0191 OSLO
- Municipality
- Oslo rank 106–282 of 357 in Norway
- 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
- Jonas Alexander Advocaat Kraft
- Auditor
- DELOITTE AS
Source: Central Coordinating Register, fetched 25 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 | 57 | 59 | 53 | |
| Rank | 459 | 425 | 658 | |
| Operating margin | 31.4% | 46.7% | 30.7% | |
| Return on assets | 5.2% | 11.5% | 14.2% | |
| Equity ratio | 51.6% | 28.4% | 35.2% | |
| Current ratio | 10.29 | 28.63 | 17.98 | |
| Revenue growth | – | 32.2% | −22.6% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 49.0 MNOK | 64.8 MNOK | 50.1 MNOK |
| Operating profit | 15.4 MNOK | 30.3 MNOK | 15.4 MNOK |
| Profit before tax | −6.0 MNOK | −3.4 MNOK | 24.4 MNOK |
| Net profit | −6.0 MNOK | −3.4 MNOK | 24.4 MNOK |
| Financial expenses | 23.4 MNOK | 38.9 MNOK | 16.3 MNOK |
| Total assets | 332.6 MNOK | 309.0 MNOK | 287.3 MNOK |
| Current assets | 35.7 MNOK | 21.9 MNOK | 10.9 MNOK |
| Equity | 171.5 MNOK | 87.8 MNOK | 101.0 MNOK |
| Retained earnings | −1.3 MNOK | −4.7 MNOK | 19.7 MNOK |
| Total liabilities | 161.1 MNOK | 221.2 MNOK | 186.2 MNOK |
| Current liabilities | 3.5 MNOK | 0.8 MNOK | 0.6 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 27 October 2026, accounts id 6953936.
Further
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