V-BULK AS
Score · fiscal year 2025
58of 100
How to read this: the company is ahead of 69 % of small companies in the same sector in 2025. What does this mean?
Rank: 640 of 2,035 · Sjøfart
Profile
Lion · Leader
High profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 56 and solidity 54 out of 100 among small companies in the same sector in 2025. Methodology
Against the sector
V-BULK AS is 8 points above the median for small companies in the same sector in 2025.
Median score 50 among 1,469 companies.
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating margin | – | 8.4% |
| Profit margin | – | 9.2% |
| Return on assets | 5.2% | 3.4% |
| Equity ratio | 61.4% | 51.1% |
| Debt-to-equity | 0.63 | 0.67 |
| Current ratio | 5.15 | 1.77 |
| Revenue growth | – | 1.2% |
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 58, V-BULK AS does better than 69% of small companies in the same sector (1,476 companies) in 2025.
Score 2023–2025
- V-BULK AS
- Median: small companies in the same sector
V-BULK AS has a score of 58 for 2025, rank 640 of 2,035 in the sector.
Strongest: Liquidity: percentile 72 against peers, current ratio 5.15 against a median of 1.77.
No area is clearly below its peers.
Worth a closer look
- The company made a loss before tax. Are these one-off items or a pattern? Based on: profit margin – (median 9.2%).
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
V-BULK AS had an operating margin of – and an equity ratio of 61.4% in 2025, and ranks 640 of 2,035 in Sjøfart.
From 2024 to 2025: went from a profit to a loss before tax and the equity ratio fell from 67.6% to 61.4%.
This text is generated automatically from the 2025 accounts.
Three simple methods
One method gives a figure: 12 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | 12 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 – (median 9.2%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 77.3% 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.
Data quality
- watch Revenue not reported
- watch No revenue but large assets
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 | 56 | weight 30% |
|---|---|---|
| Solidity | 54 | weight 25% |
| Liquidity | 72 | weight 15% |
| Growth | – | no data, left out |
| Consistency | 55 | weight 15% |
Durability: 57 (average over 3 years)
Index version 2. Data completeness 85%: the share of the weights that had data.
Questions and answers
How profitable is V-BULK AS?
The operating margin was – in 2025, against a median of 8.4% among small companies in the same sector. Return on assets was 5.2%. The company made a loss before tax.
How solid is V-BULK AS?
The equity ratio was 61.4% in 2025 (median 51.1%). Debt-to-equity was 0.63 (median 0.67).
What is the liquidity of V-BULK AS like?
The current ratio was 5.15 in 2025 (median 1.77).
How does V-BULK AS compare in Sjøfart?
V-BULK AS ranks 640 of 2,035 in Sjøfart for 2025. Among companies of the same size (small companies) it ranks 461 of 1,476.
From the Central Coordinating Register
- Org. no.
- 990632057
- Legal form
- AS
- Sector
- Sjøfart (50.201)
- Size tier
- small
- Employees
- 0–4 (not registered)
- Founded
- 28 November 2006 19 years in operation
- Share capital
- 2.10 MNOK
- Business address
- Østre Nesttunvegen 10, 5221 NESTTUN (BERGEN)
- Municipality
- Bergen rank 8 of 11 in KOSTRA group 12
- 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
- Chief executive
- Christian Gerhard Sundt
- Chair of the board
- Christian Gerhard Sundt
- Deputy member
- Andreas Sundt
- Auditor
- CEDRA NORGE 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 29 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 54 | 59 | 58 | |
| Rank | 718 | 580 | 640 | |
| Operating margin | – | – | – | |
| Return on assets | 2.7% | 7.0% | 5.2% | |
| Equity ratio | 61.2% | 67.6% | 61.4% | |
| Current ratio | 1.69 | 2.25 | 5.15 | |
| Revenue growth | – | – | – |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | – | – | – |
| Operating profit | −0.1 MNOK | −0.1 MNOK | −0.1 MNOK |
| Profit before tax | −3.1 MNOK | 4.2 MNOK | −4.7 MNOK |
| Net profit | −3.1 MNOK | 4.1 MNOK | −4.7 MNOK |
| Financial expenses | 3.6 MNOK | −2.5 MNOK | 5.7 MNOK |
| Total assets | 20.3 MNOK | 24.4 MNOK | 19.2 MNOK |
| Current assets | 0.1 MNOK | 0.3 MNOK | 0.1 MNOK |
| Equity | 12.4 MNOK | 16.5 MNOK | 11.8 MNOK |
| Retained earnings | 10.3 MNOK | 14.4 MNOK | 9.7 MNOK |
| Total liabilities | 7.9 MNOK | 7.9 MNOK | 7.4 MNOK |
| Current liabilities | 0.0 MNOK | 0.2 MNOK | 0.0 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 29 October 2026, accounts id 6454455.
Further
Similar companies
- HÖEGH AUTOLINERS AS index 58, rank 636 · compare
- VEHOLMEN ADVENTURES AS index 58, rank 637 · compare
- ACTIESELSKABET KOLBJØRN index 58, rank 641 · compare
- RIB LOFOTEN AS index 58, rank 642 · compare
- KARIVITJE HOLDING AS index 58, rank 643 · compare