FJORD BULK AS
Score · fiscal year 2024
21of 100
How to read this: the company is ahead of 11 % of small companies in the same sector in 2024. What does this mean?
Rank: 1,726 of 1,920 · Sjøfart
Profile
Beaver · Builder
Lower profitability, lower solidity
Position against comparable companies in 2024, not a verdict on the company. Based on profitability 21 and solidity 19 out of 100 among small companies in the same sector in 2024. Methodology
Against the sector
FJORD BULK AS is 29 points below 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 −10.1% (median 7.2%) and equity ratio 13.8% (median 51.6%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 16 MNOK | 5 MNOK |
| Operating margin | −10.1% | 7.2% |
| Profit margin | −16.1% | 7.6% |
| Return on assets | −9.5% | 3.9% |
| Equity ratio | 13.8% | 51.6% |
| Debt-to-equity | 6.25 | 0.50 |
| Current ratio | 0.39 | 1.75 |
| Revenue growth | −19.8% | 5.4% |
| Revenue per employee | 1.48 MNOK | 1.24 MNOK |
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 21, FJORD BULK AS does better than 11% of small companies in the same sector (1,398 companies) in 2024.
Score 2023–2025
- FJORD BULK AS
- Median: small companies in the same sector
What the numbers say
FJORD BULK AS had an operating margin of −10.1% and an equity ratio of 13.8% in 2024, and ranks 1,726 of 1,920 in Sjøfart.
From 2023 to 2024: went from a profit to a loss before tax and the operating margin fell from 5.2% to −10.1%.
This text is generated automatically from the 2024 accounts.
Three simple methods
One method gives a figure: 2 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | 2 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
- critical
Consider strengthening liquidity: current liabilities are 2.6 times current assets.
Based on: Current ratio 0.39 (median 1.75).
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −16.1% (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 | 21 | weight 30% |
|---|---|---|
| Solidity | 19 | weight 25% |
| Liquidity | 19 | weight 15% |
| Growth | 22 | weight 15% |
| Consistency | 28 | weight 15% |
Durability: 33 (average over 2 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is FJORD BULK AS?
The operating margin was −10.1% in 2024, against a median of 7.2% among small companies in the same sector. Return on assets was −9.5%. The company made a loss before tax.
How solid is FJORD BULK AS?
The equity ratio was 13.8% in 2024 (median 51.6%). Debt-to-equity was 6.25 (median 0.50).
What is the liquidity of FJORD BULK AS like?
The current ratio was 0.39 in 2024 (median 1.75). Current assets did not cover current liabilities.
How does FJORD BULK AS compare in Sjøfart?
FJORD BULK AS ranks 1,726 of 1,920 in Sjøfart for 2024. Among companies of the same size (small companies) it ranks 1,241 of 1,398. Revenue changed by −19.8% from the year before.
From the Central Coordinating Register
- Org. no.
- 828632272
- Legal form
- AS
- Sector
- Sjøfart (50.202)
- Size tier
- small
- Employees
- 11 registered 10 October 2026
- Founded
- 9 November 2021 4 years in operation
- Share capital
- 8.00 MNOK
- Business address
- Kårvågveien 94, 6532 AVERØY
- Municipality
- Averøy rank 9–25 of 40 in KOSTRA group 1
- 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
- Per Henden
- Chair of the board
- Joar Dimmen Brekke
- Board member
- Ole Arild Haugum
- Board member
- Ove Magne Stormyr
- Board member
- Odd Inge Gjetøy
- Board member
- Helmer Hansen
- Auditor
- STORMO REVISJON AS
- Accountant
- AKTUELT REGNSKAP 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 26 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 44 | 21 | 26 | |
| Rank | 1,068 | 1,726 | 1,779 | |
| Operating margin | 5.2% | −10.1% | −14.8% | |
| Return on assets | 8.1% | −9.5% | −14.7% | |
| Equity ratio | 34.3% | 13.8% | 20.9% | |
| Current ratio | 1.86 | 0.39 | 0.41 | |
| Revenue growth | – | −19.8% | −1.6% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 20.3 MNOK | 16.3 MNOK | 16.0 MNOK |
| Operating profit | 1.0 MNOK | −1.6 MNOK | −2.4 MNOK |
| Profit before tax | 0.5 MNOK | −2.6 MNOK | −3.3 MNOK |
| Net profit | 0.4 MNOK | −2.0 MNOK | −2.5 MNOK |
| Financial expenses | 0.5 MNOK | 1.0 MNOK | 0.9 MNOK |
| Total assets | 12.9 MNOK | 17.3 MNOK | 16.1 MNOK |
| Current assets | 3.2 MNOK | 1.9 MNOK | 1.5 MNOK |
| Equity | 4.4 MNOK | 2.4 MNOK | 3.4 MNOK |
| Retained earnings | −0.1 MNOK | −2.1 MNOK | −4.6 MNOK |
| Total liabilities | 8.5 MNOK | 15.0 MNOK | 12.7 MNOK |
| Current liabilities | 1.7 MNOK | 5.0 MNOK | 3.7 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 6019141.
Further
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