BT Crewing AS
Score · fiscal year 2025
28of 100
How to read this: the company is ahead of 13 % of companies in the Morning class Micro in the same sector in 2025. What does this mean?
Rank in the Morning class Micro: 1,227 of 1,413 · What are Morning company classes?
Place in the whole sector: 2,192 of 2,455 · Revisjon, regnskap og rådgivning
Profile
Beaver · Builder
Lower profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 20 and solidity 19 out of 100 among companies in the Morning class Micro in the same sector in 2025. Methodology
Against the sector
BT Crewing AS is 22 points below the median for companies in the Morning class Micro in the same sector in 2025.
Median score 50 among 1,413 companies.
Against companies in the Morning class Micro in the same sector in 2025: operating margin −0.9% (median 8.9%) and equity ratio 14.0% (median 42.1%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 7 MNOK | 3 MNOK |
| Operating margin | −0.9% | 8.9% |
| Profit margin | 0.0% | 9.6% |
| Return on assets | 1.9% | 16.9% |
| Equity ratio | 14.0% | 42.1% |
| Debt-to-equity | 6.14 | 1.16 |
| Current ratio | 1.16 | 1.64 |
| Revenue growth | 3.3% | 6.0% |
The median and “ahead of” refer to companies in the Morning class Micro in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 28, BT Crewing AS does better than 13% of companies in the Morning class Micro in the same sector (1,413 companies) in 2025.
Score 2023–2025
- BT Crewing AS
- Median: companies in the Morning class Micro in the same sector
BT Crewing AS has a score of 28 for 2025, rank 2,192 of 2,455 in the sector.
Strongest: Growth: percentile 44 against peers, revenue growth 3.3% against a median of 6.0%.
Weakest: Solidity: percentile 19 against peers, equity ratio 14.0% against a median of 42.1%. Profitability: percentile 20 against peers, operating margin −0.9% against a median of 8.9%.
Worth a closer look
- The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors? Based on: operating margin −0.9% (median 8.9%).
- What lies behind weak solidity, and will it last?
- What lies behind weak profitability, and will it last?
- The change in operating margin in 2025 was 1.3 percentage points weaker than for comparable companies: the company −1.9, the industry −0.6 points. That is the company's own, not something that hit the whole industry.
Written by fixed rules from the figures. Describes the figures, does not explain causes. Not investment or financial advice. How the summary is made
The industry or the company: what drove the result?
In 2025 the operating margin of BT Crewing AS fell by 1.9 percentage points. Comparable companies fell by a median 0.6 points. So the company did 1.3 points weaker than the industry, for reasons of its own.
Over 2 year-to-year changes BT Crewing AS moved the same way as comparable companies 2 times. About 29% of the changes in operating margin were common to the industry; the rest was the company's own.
| Year | The company | Comparable (median) | Change, company | Change, industry | The company's own |
|---|---|---|---|---|---|
| 2024 | 1.0% | 9.4% | +0.2 percentage points | 0.0 percentage points | +0.2 percentage points |
| 2025 | −0.9% | 8.9% | −1.9 percentage points | −0.6 percentage points | −1.3 percentage points |
Comparable companies are those in the same industry and Morning company class. Their change shows what hit the whole industry, the sector drivers below included. The rest is the company's own: contracts, costs, one-off items or operations. The share is approximate, and we claim no cause.
The company and its sector's drivers
Prices, rate and currency that shape the sector's year, year by year beside the operating margin of BT Crewing AS. The figures stand side by side; we claim no cause.
Turnover index: legal and accounting activities (indeks (2021 = 100))
Turnover index: legal and accounting activities rose 4.8% in 2025; the operating margin of BT Crewing AS fell 1.9 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Turnover index: legal and accounting activities, annual average | 100.4 | 107.7 | 127.0 | 135.2 | 141.7 | 149.6 (so far) |
| Change from the year before | +8.7% | +7.3% | +17.9% | +6.4% | +4.8% | +5.5% |
| The company's operating margin | – | – | 0.8% | 1.0% | −0.9% | – |
Source: SSB (13863, CC BY 4.0). Source
Turnover index: management consultancy (indeks (2021 = 100))
Turnover index: management consultancy rose 6.5% in 2025; the operating margin of BT Crewing AS fell 1.9 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Turnover index: management consultancy, annual average | 99.4 | 104.0 | 114.9 | 116.0 | 123.6 | 128.7 (so far) |
| Change from the year before | +17.3% | +4.6% | +10.5% | +1.0% | +6.5% | +4.1% |
| The company's operating margin | – | – | 0.8% | 1.0% | −0.9% | – |
Source: SSB (13863, CC BY 4.0). Source
Service prices: legal and accounting (indeks (2021 = 100))
Service prices: legal and accounting rose 4.9% in 2025; the operating margin of BT Crewing AS fell 1.9 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Service prices: legal and accounting, annual average | 100.0 | 104.8 | 111.8 | 117.4 | 123.2 | 127.0 (so far) |
| Change from the year before | +3.4% | +4.8% | +6.7% | +5.0% | +4.9% | +3.1% |
| The company's operating margin | – | – | 0.8% | 1.0% | −0.9% | – |
Source: SSB (14335, CC BY 4.0). Source
Consumer price index (indeks (2025 = 100))
Consumer price index rose 3.0% in 2025; the operating margin of BT Crewing AS fell 1.9 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Consumer price index, annual average | 84.3 | 89.2 | 94.1 | 97.0 | 100.0 | 102.9 (so far) |
| Change from the year before | +3.5% | +5.8% | +5.5% | +3.2% | +3.0% | +2.9% |
| The company's operating margin | – | – | 0.8% | 1.0% | −0.9% | – |
Source: SSB (14710, CC BY 4.0). Source
Policy rate (prosent)
Policy rate fell 0.20 percentage points in 2025; the operating margin of BT Crewing AS fell 1.9 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Policy rate, annual average | 0.08 | 1.32 | 3.54 | 4.50 | 4.30 | 4.17 (so far) |
| Change from the year before | −0.28 percentage points | +1.24 percentage points | +2.22 percentage points | +0.96 percentage points | −0.20 percentage points | −0.12 percentage points |
| The company's operating margin | – | – | 0.8% | 1.0% | −0.9% | – |
Source: Norges Bank (IR, NLOD 2.0). Source
Wage index: legal and accounting (indeks)
Wage index: legal and accounting rose 5.4% in 2025; the operating margin of BT Crewing AS fell 1.9 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Wage index: legal and accounting, annual average | 86.2 | 89.8 | 93.9 | 99.1 | 104.4 | 108.4 (so far) |
| Change from the year before | +5.1% | +4.3% | +4.5% | +5.6% | +5.4% | +3.8% |
| The company's operating margin | – | – | 0.8% | 1.0% | −0.9% | – |
Source: SSB (12314, CC BY 4.0). Source
We show the drivers and the margin side by side and claim no cause. Sensitivity per company is not computed until we have at least 10 years of accounts per company: with three years such figures are false precision.
What the numbers say
BT Crewing AS had an operating margin of −0.9% and an equity ratio of 14.0% in 2025, and ranks 2,192 of 2,455 in Revisjon, regnskap og rådgivning.
From 2024 to 2025: the equity ratio rose from 8.4% to 14.0%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 0 MNOK and 0 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 22.4 | not meaningful |
| EV/EBIT | 17.4 | 0 MNOK |
| P/B | 4.1 | 0 MNOK |
The listed basis is the value at listed multiples. The estimate is lowered by 51% for an unlisted company: 20% for lack of marketability and 38% for size (a small-company premium of 4% on the cost of equity).
A mechanical estimate from public accounts, not advice. A mechanical estimate from public accounts with listed multiples and fixed adjustments. Not a valuation and not advice to buy or sell. See the calculation
Worth a closer look
- watch
The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors?
Based on: Operating margin −0.9% (median 8.9%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 2.3% 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.
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 5.4%. 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 | 20 | weight 30% |
|---|---|---|
| Solidity | 19 | weight 25% |
| Liquidity | 28 | weight 15% |
| Growth | 44 | weight 15% |
| Consistency | 43 | weight 15% |
Durability: 24 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is BT Crewing AS?
The operating margin was −0.9% in 2025, against a median of 8.9% among companies in the Morning class Micro in the same sector. Return on assets was 1.9%.
How solid is BT Crewing AS?
The equity ratio was 14.0% in 2025 (median 42.1%). Debt-to-equity was 6.14 (median 1.16).
What is the liquidity of BT Crewing AS like?
The current ratio was 1.16 in 2025 (median 1.64).
How does BT Crewing AS compare in Revisjon, regnskap og rådgivning?
BT Crewing AS ranks 2,192 of 2,455 in Revisjon, regnskap og rådgivning for 2025. Among companies in the Morning class Micro it is number 1,227 of 1,413. Revenue changed by 3.3% from the year before.
Group structure · 2025
6 companies in the group according to the shareholder register for 2025. A company counts as a subsidiary when a Norwegian company owns more than half of its shares.
No owner holds more than half of the shares in Bergen Tankers Holding AS.
Group accounts. Bergen Tankers Holding AS for 2025: index 44 of 100, number 25 of 39 groups. See the group accounts
-
Bergen Tankers Holding AS
- BT Crewing AS you are here
- Bergen Tankers AS
- BT Management AS
- AS Bergen Chartering
- Haugland Invest AS
Read the figures with care: a company in a group can look strong because of group contributions, or weak because dividends go up to the parent. The figures are indications, not the full picture.
Source: the Norwegian Tax Administration's shareholder register 2025 (majority owner with more than 50 % of the shares). Voting agreements and ownership through other countries are not included.
From the Central Coordinating Register
- Org. no.
- 814728552
- Legal form
- AS
- Sector
- Revisjon, regnskap og rådgivning (70.200)
- Morning company class
- Micro
- Employees
- 0–4 (not registered)
- Founded
- 1 December 2014 11 years in operation
- Share capital
- 0.20 MNOK
- Business address
- Klampavikvegen 52, 5300 KLEPPESTØ (ASKØY)
- Municipality
- Askøy rank 12–25 of 27 in KOSTRA group 9
- 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
Loading roles …
Source: Central Coordinating Register, fetched 1 November 2026. Only names are shown.
Shareholders (2025)
- Number of shareholders
- 1 (one owner)
- Largest owner
- 100.0%
- Split
- companies 100% · private persons 0% · foreign 0%
- Owned from the same municipality
- 100%
- Group chain
-
Owned by: Bergen Tankers Holding AS (100%)
Ultimate owner: Bergen Tankers Holding AS
- Bergen Tankers Holding AS · 100.0%
The company is new in the shareholder register in 2025.
Source: the Norwegian Tax Administration's shareholder register as of 2025. Figures may be older than today's ownership. Private persons are not shown by name.
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 | 18 | 26 | 28 | |
| Rank | 2,176 | 2,187 | 2,192 | |
| Operating margin | 0.8% | 1.0% | −0.9% | |
| Return on assets | 4.0% | 4.0% | 1.9% | |
| Equity ratio | 8.4% | 8.4% | 14.0% | |
| Current ratio | 1.09 | 1.09 | 1.16 | |
| Revenue growth | – | 10.5% | 3.3% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 6.1 MNOK | 6.8 MNOK | 7.0 MNOK |
| Operating profit | 0.0 MNOK | 0.1 MNOK | −0.1 MNOK |
| Profit before tax | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Tax expense | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Net profit | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Financial expenses | 0.1 MNOK | 0.1 MNOK | 0.0 MNOK |
| Total assets | 2.2 MNOK | 2.4 MNOK | 1.4 MNOK |
| Current assets | 2.2 MNOK | 2.4 MNOK | 1.4 MNOK |
| Equity | 0.2 MNOK | 0.2 MNOK | 0.2 MNOK |
| Retained earnings | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Total liabilities | 2.0 MNOK | 2.2 MNOK | 1.2 MNOK |
| Current liabilities | 2.0 MNOK | 2.2 MNOK | 1.2 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 29 October 2026, accounts id 6797944.
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