OAK BULK AS
Score · fiscal year 2025
47of 100
How to read this: the company is ahead of 45 % of companies in the Morning class Small in the same sector in 2025. What does this mean?
Rank in the Morning class Small: 152 of 275 · What are Morning company classes?
Place in the whole sector: 562 of 1,018 · Sjøfart
Profile
Elephant · Steward
Lower profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 40 and solidity 56 out of 100 among companies in the Morning class Small in the same sector in 2025. Methodology
Against the sector
OAK BULK AS is 4 points below the median for companies in the Morning class Small in the same sector in 2025.
Median score 51 among 275 companies.
Against companies in the Morning class Small in the same sector in 2025: operating margin 2.3% (median 8.5%) and equity ratio 46.9% (median 42.9%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 37 MNOK | 27 MNOK |
| Operating margin | 2.3% | 8.5% |
| Profit margin | 6.5% | 7.0% |
| Return on assets | 6.5% | 7.4% |
| Equity ratio | 46.9% | 42.9% |
| Debt-to-equity | 1.13 | 1.24 |
| Current ratio | 12.42 | 1.46 |
| Revenue growth | −19.3% | 2.8% |
The median and “ahead of” refer to companies in the Morning class Small in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 47, OAK BULK AS does better than 45% of companies in the Morning class Small in the same sector (275 companies) in 2025.
Score 2023–2025
- OAK BULK AS
- Median: companies in the Morning class Small in the same sector
OAK BULK AS has a score of 47 for 2025, rank 562 of 1,018 in the sector.
Strongest: Liquidity: percentile 95 against peers, current ratio 12.42 against a median of 1.46.
Weakest: Growth: percentile 16 against peers, revenue growth −19.3% against a median of 2.8%. Consistency: percentile 32 against peers.
Worth a closer look
- What lies behind weak growth, and will it last?
- What lies behind weak consistency, 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
OAK BULK AS had an operating margin of 2.3% and an equity ratio of 46.9% in 2025, and ranks 562 of 1,018 in Sjøfart.
From 2024 to 2025: went from a loss to a profit before tax and the operating margin fell from 18.6% to 2.3%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 24 MNOK and 72 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 24 MNOK |
| EV/EBIT | 8.0 | debt above value |
| P/B | 1.0 | 72 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 9.2% 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
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 | 40 | weight 30% |
|---|---|---|
| Solidity | 56 | weight 25% |
| Liquidity | 95 | weight 15% |
| Growth | 16 | weight 15% |
| Consistency | 32 | weight 15% |
Durability: 46 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is OAK BULK AS?
The operating margin was 2.3% in 2025, against a median of 8.5% among companies in the Morning class Small in the same sector. Return on assets was 6.5%.
How solid is OAK BULK AS?
The equity ratio was 46.9% in 2025 (median 42.9%). Debt-to-equity was 1.13 (median 1.24).
What is the liquidity of OAK BULK AS like?
The current ratio was 12.42 in 2025 (median 1.46).
How does OAK BULK AS compare in Sjøfart?
OAK BULK AS ranks 562 of 1,018 in Sjøfart for 2025. Among companies in the Morning class Small it is number 152 of 275. Revenue changed by −19.3% from the year before.
From the Central Coordinating Register
- Org. no.
- 929934091
- Legal form
- AS
- Sector
- Sjøfart (50.201)
- Morning company class
- Small
- Employees
- 0–4 (not registered)
- Founded
- 1 September 2022 4 years in operation
- Share capital
- 1.00 MNOK
- Business address
- c/o Fearnley Business Management AS, Dronning Eufemias gate 8, 0191 OSLO
- Municipality
- Oslo rank 63–220 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
- Loukas Spiliotopoulos
- Board member
- Christian Bruusgaard
- Board member
- Per Kristian Aamlid
- Auditor
- CEDRA NORGE AS
- Accountant
- FEARNLEY BUSINESS MANAGEMENT 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 27 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 37 | 55 | 47 | |
| Rank | 638 | 367 | 562 | |
| Operating margin | −0.2% | 18.6% | 2.3% | |
| Return on assets | 1.3% | 5.8% | 6.5% | |
| Equity ratio | 46.1% | 44.9% | 46.9% | |
| Current ratio | 2.97 | 3.32 | 12.42 | |
| Revenue growth | – | 35.0% | −19.3% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 34.4 MNOK | 46.4 MNOK | 37.4 MNOK |
| Operating profit | −0.1 MNOK | 8.6 MNOK | 0.9 MNOK |
| Profit before tax | −5.8 MNOK | −6.5 MNOK | 2.4 MNOK |
| Net profit | −5.8 MNOK | −6.5 MNOK | 2.4 MNOK |
| Financial expenses | 8.0 MNOK | 15.4 MNOK | 7.5 MNOK |
| Total assets | 164.5 MNOK | 154.3 MNOK | 153.0 MNOK |
| Current assets | 14.2 MNOK | 13.6 MNOK | 21.9 MNOK |
| Equity | 75.8 MNOK | 69.3 MNOK | 71.7 MNOK |
| Retained earnings | −5.1 MNOK | −11.5 MNOK | −9.1 MNOK |
| Total liabilities | 88.7 MNOK | 85.0 MNOK | 81.3 MNOK |
| Current liabilities | 4.8 MNOK | 4.1 MNOK | 1.8 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 27 October 2026, accounts id 6503625.
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