BLUE STEEL DRY BULK AS
Score · fiscal year 2023
57of 100
How to read this: the company is ahead of 65 % of small companies in the same sector in 2023. What does this mean?
Rank: 622 of 1,788 · Sjøfart
Profile
Cheetah · Sprinter
High profitability, lower solidity
Position against comparable companies in 2023, not a verdict on the company. Based on profitability 65 and solidity 47 out of 100 among small companies in the same sector in 2023. Methodology
Against the sector
BLUE STEEL DRY BULK AS is 8 points above the median for small companies in the same sector in 2023.
Median score 49 among 1,332 companies.
Against small companies in the same sector in 2023: operating margin 31.4% (median 9.6%) and equity ratio 51.6% (median 50.5%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 49 MNOK | 4 MNOK |
| Operating margin | 31.4% | 9.6% |
| Profit margin | −12.3% | 8.6% |
| Return on assets | 5.2% | 3.7% |
| Equity ratio | 51.6% | 50.5% |
| Debt-to-equity | 0.94 | 0.59 |
| Current ratio | 10.29 | 1.70 |
| Revenue growth | – | 18.4% |
The median and “ahead of” refer to small companies in the same sector in 2023. The bar shows the share of companies the figure is ahead of.
With an index of 57, BLUE STEEL DRY BULK AS does better than 65% of small companies in the same sector (1,334 companies) in 2023.
Score 2023–2025
- BLUE STEEL DRY BULK AS
- Median: small companies in the same sector
What the numbers say
BLUE STEEL DRY BULK AS had an operating margin of 31.4% and an equity ratio of 51.6% in 2023, and ranks 622 of 1,788 in Sjøfart.
This text is generated automatically from the 2023 accounts.
Three simple methods
One method gives a figure: 171 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | debt above value |
| P/B | 1.0 | 171 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 −12.3% (median 8.6%).
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 | 65 | weight 30% |
|---|---|---|
| Solidity | 47 | weight 25% |
| Liquidity | 79 | weight 15% |
| Growth | – | no data, left out |
| Consistency | 36 | weight 15% |
Index version 2. Data completeness 85%: the share of the weights that had data.
Questions and answers
How profitable is BLUE STEEL DRY BULK AS?
The operating margin was 31.4% in 2023, against a median of 9.6% among small companies in the same sector. Return on assets was 5.2%. The company made a loss before tax.
How solid is BLUE STEEL DRY BULK AS?
The equity ratio was 51.6% in 2023 (median 50.5%). Debt-to-equity was 0.94 (median 0.59).
What is the liquidity of BLUE STEEL DRY BULK AS like?
The current ratio was 10.29 in 2023 (median 1.70).
How does BLUE STEEL DRY BULK AS compare in Sjøfart?
BLUE STEEL DRY BULK AS ranks 622 of 1,788 in Sjøfart for 2023. Among companies of the same size (small companies) it ranks 470 of 1,334.
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 | 58 | 53 | |
| Rank | 622 | 602 | 887 | |
| 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 5264811.
Further
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