MISJE BULK AS
Score · fiscal year 2025
34of 100
How to read this: the company is ahead of 17 % of companies in the Morning class Medium in the same sector in 2025. What does this mean?
Rank in the Morning class Medium: 349 of 418 · What are Morning company classes?
Place in the whole sector: 820 of 1,017 · Sjøfart
Profile
Beaver · Builder
Lower profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 32 and solidity 43 out of 100 among companies in the Morning class Medium in the same sector in 2025. Methodology
Against the sector
MISJE BULK AS is 15 points below the median for companies in the Morning class Medium in the same sector in 2025.
Median score 49 among 418 companies.
Against companies in the Morning class Medium in the same sector in 2025: operating margin 10.9% (median 22.4%) and equity ratio 37.1% (median 42.5%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 119 MNOK | 125 MNOK |
| Operating margin | 10.9% | 22.4% |
| Profit margin | 11.4% | 13.3% |
| Return on assets | 6.0% | 9.5% |
| Equity ratio | 37.1% | 42.5% |
| Debt-to-equity | 1.69 | 1.31 |
| Current ratio | 1.36 | 1.51 |
| Revenue growth | −44.0% | 1.6% |
The median and “ahead of” refer to companies in the Morning class Medium in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 34, MISJE BULK AS does better than 17% of companies in the Morning class Medium in the same sector (418 companies) in 2025.
Score 2023–2025
- MISJE BULK AS
- Median: companies in the Morning class Medium in the same sector
MISJE BULK AS has a score of 34 for 2025, rank 820 of 1,017 in the sector.
Strongest: Liquidity: percentile 45 against peers, current ratio 1.36 against a median of 1.51.
Weakest: Growth: percentile 4 against peers, revenue growth −44.0% against a median of 1.6%. Profitability: percentile 32 against peers, operating margin 10.9% against a median of 22.4%.
Worth a closer look
- What lies behind weak growth, and will it last?
- What lies behind weak profitability, 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
MISJE BULK AS had an operating margin of 10.9% and an equity ratio of 37.1% in 2025, and ranks 820 of 1,017 in Sjøfart.
From 2024 to 2025: the equity ratio fell from 66.0% to 37.1% and revenue fell by 44%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 7 MEUR and 12 MEUR.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 12 MEUR |
| EV/EBIT | 8.0 | 7 MEUR |
| P/B | 1.0 | 9 MEUR |
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 1.5% 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 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 | 32 | weight 30% |
|---|---|---|
| Solidity | 43 | weight 25% |
| Liquidity | 45 | weight 15% |
| Growth | 4 | weight 15% |
| Consistency | 43 | weight 15% |
Durability: 54 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is MISJE BULK AS?
The operating margin was 10.9% in 2025, against a median of 22.4% among companies in the Morning class Medium in the same sector. Return on assets was 6.0%.
How solid is MISJE BULK AS?
The equity ratio was 37.1% in 2025 (median 42.5%). Debt-to-equity was 1.69 (median 1.31).
What is the liquidity of MISJE BULK AS like?
The current ratio was 1.36 in 2025 (median 1.51).
How does MISJE BULK AS compare in Sjøfart?
MISJE BULK AS ranks 820 of 1,017 in Sjøfart for 2025. Among companies in the Morning class Medium it is number 349 of 418. Revenue changed by −44.0% from the year before.
From the Central Coordinating Register
- Org. no.
- 887634742
- Legal form
- AS
- Sector
- Sjøfart (50.201)
- Morning company class
- Medium
- Employees
- 0–4 (not registered)
- Founded
- 16 December 2004 21 years in operation
- Share capital
- 58.80 MNOK
- Business address
- C. Sundts gate 39, 5004 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
- Roald Misje
- Chair of the board
- Roald Misje
- Board member
- Alexander Misje
- 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 26 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 69 | 58 | 34 | |
| Rank | 165 | 310 | 820 | |
| Operating margin | 14.8% | 18.3% | 10.9% | |
| Return on assets | 18.5% | 14.2% | 6.0% | |
| Equity ratio | 60.5% | 66.0% | 37.1% | |
| Current ratio | 4.14 | 4.14 | 1.36 | |
| Revenue growth | – | −33.4% | −44.0% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (EUR). Revenue in NOK is converted from EUR at the mean rate for the accounting period 1 January 2025–31 December 2025: 11.7177 (norges_bank). Balance-sheet amounts use the rate on the balance-sheet date. Ratios and growth are computed in EUR. Exchange rates at Norges Bank
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 27.3 MEUR | 18.2 MEUR | 10.2 MEUR |
| Operating profit | 4.0 MEUR | 3.3 MEUR | 1.1 MEUR |
| Profit before tax | 3.8 MEUR | 3.3 MEUR | 1.2 MEUR |
| Net profit | 2.3 MEUR | 3.4 MEUR | 1.2 MEUR |
| Financial expenses | 0.4 MEUR | 0.4 MEUR | 0.2 MEUR |
| Total assets | 22.3 MEUR | 25.6 MEUR | 23.1 MEUR |
| Current assets | 9.7 MEUR | 18.2 MEUR | 17.4 MEUR |
| Equity | 13.5 MEUR | 16.9 MEUR | 8.6 MEUR |
| Retained earnings | 5.4 MEUR | 8.8 MEUR | 0.5 MEUR |
| Total liabilities | 8.8 MEUR | 8.7 MEUR | 14.5 MEUR |
| Current liabilities | 2.3 MEUR | 4.4 MEUR | 12.8 MEUR |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 6457415.
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