UNION BULK III HOLDING AS
Score · fiscal year 2025
54of 100
How to read this: the company is ahead of 59 % of small companies in the same sector in 2025. What does this mean?
Rank: 645 of 1,589 · Sjøfart
Profile
Elephant · Steward
Lower profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 24 and solidity 96 out of 100 among small companies in the same sector in 2025. Methodology
Against the sector
UNION BULK III HOLDING AS is 4 points above the median for small companies in the same sector in 2025.
Median score 50 among 1,146 companies.
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating margin | – | 8.5% |
| Profit margin | – | 9.2% |
| Return on assets | −3.0% | 3.1% |
| Equity ratio | 100.0% | 50.7% |
| Debt-to-equity | – | 0.68 |
| Current ratio | – | 1.74 |
| Revenue growth | – | 0.4% |
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 54, UNION BULK III HOLDING AS does better than 59% of small companies in the same sector (1,152 companies) in 2025.
Score 2023–2025
- UNION BULK III HOLDING AS
- Median: small companies in the same sector
UNION BULK III HOLDING AS has a score of 54 for 2025, rank 645 of 1,589 in the sector.
Strongest: Solidity: percentile 96 against peers, equity ratio 100.0% against a median of 50.7%.
Weakest: Profitability: percentile 24 against 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%).
- 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
UNION BULK III HOLDING AS had an operating margin of – and an equity ratio of 100.0% in 2025, and ranks 645 of 1,589 in Sjøfart.
From 2024 to 2025: went from a profit to a loss before tax.
This text is generated automatically from the 2025 accounts.
Three simple methods
One method gives a figure: 3 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | 3 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.
Data quality
- watch Revenue not reported
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 | 24 | weight 30% |
|---|---|---|
| Solidity | 96 | weight 25% |
| Liquidity | – | no data, left out |
| Growth | – | no data, left out |
| Consistency | 42 | weight 15% |
Durability: 57 (average over 3 years)
Index version 2. Data completeness 70%: the share of the weights that had data.
Questions and answers
How profitable is UNION BULK III HOLDING AS?
The operating margin was – in 2025, against a median of 8.5% among small companies in the same sector. Return on assets was −3.0%. The company made a loss before tax.
How solid is UNION BULK III HOLDING AS?
The equity ratio was 100.0% in 2025 (median 50.7%).
How does UNION BULK III HOLDING AS compare in Sjøfart?
UNION BULK III HOLDING AS ranks 645 of 1,589 in Sjøfart for 2025. Among companies of the same size (small companies) it ranks 474 of 1,152.
From the Central Coordinating Register
- Org. no.
- 930689920
- Legal form
- AS
- Sector
- Sjøfart (50.201)
- Size tier
- small
- Employees
- 0–4 (not registered)
- Founded
- 1 January 2023 3 years in operation
- Share capital
- 1.00 MNOK
- Business address
- c/o Fearnley Business Management AS, Dronning Eufemias gate 8, 0191 OSLO
- Municipality
- Oslo rank 106–282 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
- Chair of the board
- Michail Skoufalos
- Board member
- Ole Bård Jacobsen
- Board member
- Wilhelm Christian Magelssen
- Auditor
- CEDRA NORGE AS
- Accountant
- FEARNLEY BUSINESS MANAGEMENT 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 27 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 48 | 71 | 54 | |
| Rank | 690 | 158 | 645 | |
| Operating margin | – | – | – | |
| Return on assets | −5.1% | 8.5% | −3.0% | |
| Equity ratio | 94.9% | 97.2% | 100.0% | |
| Current ratio | 19.65 | 35.45 | – | |
| Revenue growth | – | – | – |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | – | – | – |
| Operating profit | −0.2 MNOK | −0.1 MNOK | −0.2 MNOK |
| Profit before tax | −0.2 MNOK | 0.3 MNOK | −0.4 MNOK |
| Net profit | −0.2 MNOK | 0.2 MNOK | −0.4 MNOK |
| Financial expenses | 0.0 MNOK | 0.0 MNOK | 0.3 MNOK |
| Total assets | 3.5 MNOK | 3.7 MNOK | 3.2 MNOK |
| Current assets | 3.5 MNOK | 3.7 MNOK | 3.2 MNOK |
| Equity | 3.4 MNOK | 3.6 MNOK | 3.2 MNOK |
| Retained earnings | −0.3 MNOK | −0.1 MNOK | −0.5 MNOK |
| Total liabilities | 0.2 MNOK | 0.1 MNOK | – |
| Current liabilities | 0.2 MNOK | 0.1 MNOK | – |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 27 October 2026, accounts id 6704502.
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