BLUE STEEL DRY BULK AS
Score · fiscal year 2024
58of 100
How to read this: the company is ahead of 68 % of small companies in the same sector in 2024. What does this mean?
Rank: 602 of 1,920 · Sjøfart
Profile
Cheetah · Sprinter
High profitability, lower solidity
Position against comparable companies in 2024, not a verdict on the company. Based on profitability 77 and solidity 28 out of 100 among small companies in the same sector in 2024. Methodology
Against the sector
BLUE STEEL DRY BULK AS is 8 points above the median for small companies in the same sector in 2024.
Median score 50 among 1,397 companies.
Against small companies in the same sector in 2024: operating margin 46.7% (median 7.2%) and equity ratio 28.4% (median 51.6%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 65 MNOK | 5 MNOK |
| Operating margin | 46.7% | 7.2% |
| Profit margin | −5.3% | 7.6% |
| Return on assets | 11.5% | 3.9% |
| Equity ratio | 28.4% | 51.6% |
| Debt-to-equity | 2.52 | 0.50 |
| Current ratio | 28.63 | 1.75 |
| Revenue growth | 32.2% | 5.4% |
The median and “ahead of” refer to small companies in the same sector in 2024. The bar shows the share of companies the figure is ahead of.
With an index of 58, BLUE STEEL DRY BULK AS does better than 68% of small companies in the same sector (1,398 companies) in 2024.
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 46.7% and an equity ratio of 28.4% in 2024, and ranks 602 of 1,920 in Sjøfart.
From 2023 to 2024: the operating margin rose from 31.4% to 46.7% and the equity ratio fell from 51.6% to 28.4%.
This text is generated automatically from the 2024 accounts.
Three simple methods
The methods give between 40 MNOK and 88 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | 40 MNOK |
| P/B | 1.0 | 88 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 −5.3% (median 7.6%).
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 | 77 | weight 30% |
|---|---|---|
| Solidity | 28 | weight 25% |
| Liquidity | 89 | weight 15% |
| Growth | 75 | weight 15% |
| Consistency | 21 | weight 15% |
Durability: 57 (average over 2 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 46.7% in 2024, against a median of 7.2% among small companies in the same sector. Return on assets was 11.5%. The company made a loss before tax.
How solid is BLUE STEEL DRY BULK AS?
The equity ratio was 28.4% in 2024 (median 51.6%). Debt-to-equity was 2.52 (median 0.50).
What is the liquidity of BLUE STEEL DRY BULK AS like?
The current ratio was 28.63 in 2024 (median 1.75).
How does BLUE STEEL DRY BULK AS compare in Sjøfart?
BLUE STEEL DRY BULK AS ranks 602 of 1,920 in Sjøfart for 2024. Among companies of the same size (small companies) it ranks 443 of 1,398. Revenue changed by 32.2% 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 | 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 5952351.
Further
Similar companies
- NORTHERN INVEST AS index 58, rank 599 · compare
- EMILSEN REDERI AS index 58, rank 600 · compare
- NOLIA SHIPPING AS index 58, rank 601 · compare
- INTERSHIP EAST AS index 58, rank 603 · compare
- KRAGERØ RIB AS index 58, rank 604 · compare