OSLO BULK ALPHA AS
Score · fiscal year 2024
27of 100
How to read this: the company is ahead of 11 % of companies in the Morning class Small in the same sector in 2024. What does this mean?
Rank in the Morning class Small: 239 of 267 · What are Morning company classes?
Place in the whole sector: 851 of 961 · Sjøfart
Profile
Elephant · Steward
Lower profitability, high solidity
Position against comparable companies in 2024, not a verdict on the company. Based on profitability 10 and solidity 60 out of 100 among companies in the Morning class Small in the same sector in 2024. Methodology
Against the sector
OSLO BULK ALPHA AS is 22 points below the median for companies in the Morning class Small in the same sector in 2024.
Median score 49 among 267 companies.
Against companies in the Morning class Small in the same sector in 2024: operating margin −50.3% (median 8.3%) and equity ratio 49.9% (median 40.4%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 19 MNOK | 25 MNOK |
| Operating margin | −50.3% | 8.3% |
| Profit margin | −105.2% | 5.3% |
| Return on assets | −3.0% | 8.2% |
| Equity ratio | 49.9% | 40.4% |
| Debt-to-equity | 1.00 | 1.27 |
| Current ratio | 0.29 | 1.51 |
| Revenue growth | −21.7% | 8.4% |
The median and “ahead of” refer to companies in the Morning class Small in the same sector in 2024. The bar shows the share of companies the figure is ahead of.
With an index of 27, OSLO BULK ALPHA AS does better than 11% of companies in the Morning class Small in the same sector (267 companies) in 2024.
Score 2023–2025
- OSLO BULK ALPHA AS
- Median: companies in the Morning class Small in the same sector
What the numbers say
OSLO BULK ALPHA AS had an operating margin of −50.3% and an equity ratio of 49.9% in 2024, and ranks 851 of 961 in Sjøfart.
From 2023 to 2024: the operating margin fell from 29.0% to −50.3% and revenue fell by 22%.
This text is generated automatically from the 2024 accounts.
Three simple methods
One method gives a figure: 14 MUSD.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | 14 MUSD |
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
- critical
Consider strengthening liquidity: current liabilities are 3.5 times current assets.
Based on: Current ratio 0.29 (median 1.51).
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −105.2% (median 5.3%).
- 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 −50.3% (median 8.3%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 7.4% of the debt in 2024. The policy rate averaged 4.50 % 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
- watch Reports in a currency other than NOK
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 | 10 | weight 30% |
|---|---|---|
| Solidity | 60 | weight 25% |
| Liquidity | 10 | weight 15% |
| Growth | 12 | weight 15% |
| Consistency | 40 | weight 15% |
Durability: 35 (average over 2 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is OSLO BULK ALPHA AS?
The operating margin was −50.3% in 2024, against a median of 8.3% among companies in the Morning class Small in the same sector. Return on assets was −3.0%. The company made a loss before tax.
How solid is OSLO BULK ALPHA AS?
The equity ratio was 49.9% in 2024 (median 40.4%). Debt-to-equity was 1.00 (median 1.27).
What is the liquidity of OSLO BULK ALPHA AS like?
The current ratio was 0.29 in 2024 (median 1.51). Current assets did not cover current liabilities.
How does OSLO BULK ALPHA AS compare in Sjøfart?
OSLO BULK ALPHA AS ranks 851 of 961 in Sjøfart for 2024. Among companies in the Morning class Small it is number 239 of 267. Revenue changed by −21.7% from the year before.
From the Central Coordinating Register
- Org. no.
- 822147402
- Legal form
- AS
- Sector
- Sjøfart (50.201)
- Morning company class
- Small
- Employees
- 0–4 (not registered)
- Founded
- 10 January 2019 7 years in operation
- Share capital
- 1.50 MNOK
- Business address
- Ruseløkkveien 6, 0251 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
- Chief executive
- Alf Johan Loven Andersen
- Chair of the board
- Dag Audun Rømmen
- Board member
- Alf Johan Loven Andersen
- Auditor
- CEDRA NORGE AS
- Accountant
- VIEW PROCURATOR 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 26 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 43 | 27 | 57 | |
| Rank | 549 | 851 | 332 | |
| Operating margin | 29.0% | −50.3% | 16.2% | |
| Return on assets | 3.1% | −3.0% | 2.2% | |
| Equity ratio | 45.6% | 49.9% | 61.1% | |
| Current ratio | 0.73 | 0.29 | 1.34 | |
| Revenue growth | – | −21.7% | 93.9% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (USD). Revenue in NOK is converted from USD at the mean rate for the accounting period 1 January 2024–31 December 2024: 10.7433 (norges_bank). Balance-sheet amounts use the rate on the balance-sheet date. Ratios and growth are computed in USD. Exchange rates at Norges Bank
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 2.2 MUSD | 1.7 MUSD | 3.4 MUSD |
| Operating profit | 0.6 MUSD | −0.9 MUSD | 0.5 MUSD |
| Profit before tax | −0.2 MUSD | −1.8 MUSD | −0.5 MUSD |
| Net profit | −0.2 MUSD | −1.8 MUSD | −0.5 MUSD |
| Financial expenses | 1.1 MUSD | 1.0 MUSD | 1.1 MUSD |
| Total assets | 29.9 MUSD | 27.2 MUSD | 26.2 MUSD |
| Current assets | 4.1 MUSD | 1.4 MUSD | 2.7 MUSD |
| Equity | 13.7 MUSD | 13.6 MUSD | 16.0 MUSD |
| Retained earnings | 4.8 MUSD | 3.0 MUSD | 2.5 MUSD |
| Total liabilities | 16.3 MUSD | 13.6 MUSD | 10.2 MUSD |
| Current liabilities | 5.6 MUSD | 4.9 MUSD | 2.0 MUSD |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 5811085.
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