LUNA BULK III AS
Score · fiscal year 2025
51of 100
How to read this: the company is ahead of 53 % of small companies in the same sector in 2025. What does this mean?
Rank: 953 of 2,035 · Sjøfart
Profile
Elephant · Steward
Lower profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 46 and solidity 90 out of 100 among small companies in the same sector in 2025. Methodology
Against the sector
LUNA BULK III AS is 1 points above the median for small companies in the same sector in 2025.
Median score 50 among 1,468 companies.
Against small companies in the same sector in 2025: operating margin 8.8% (median 8.4%) and equity ratio 99.7% (median 51.2%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 1 MNOK | 5 MNOK |
| Operating margin | 8.8% | 8.4% |
| Profit margin | 13.5% | 9.2% |
| Return on assets | 1.1% | 3.4% |
| Equity ratio | 99.7% | 51.2% |
| Debt-to-equity | 0.00 | 0.67 |
| Current ratio | 0.82 | 1.77 |
| Revenue growth | −54.7% | 1.2% |
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 51, LUNA BULK III AS does better than 53% of small companies in the same sector (1,475 companies) in 2025.
Score 2024–2025
- LUNA BULK III AS
- Median: small companies in the same sector
LUNA BULK III AS has a score of 51 for 2025, rank 953 of 2,035 in the sector.
Strongest: Solidity: percentile 90 against peers, equity ratio 99.7% against a median of 51.2%. Consistency: percentile 61 against peers.
Weakest: Growth: percentile 9 against peers, revenue growth −54.7% against a median of 1.2%. Liquidity: percentile 29 against peers, current ratio 0.82 against a median of 1.77.
Worth a closer look
- Consider strengthening liquidity: current liabilities are 1.2 times current assets. Based on: current ratio 0.82 (median 1.77).
- What lies behind weak growth, 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
LUNA BULK III AS had an operating margin of 8.8% and an equity ratio of 99.7% in 2025, and ranks 953 of 2,035 in Sjøfart.
From 2024 to 2025: revenue fell by 55% and the operating margin rose from 0.8% to 8.8%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 1 MNOK and 47 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 1 MNOK |
| EV/EBIT | 8.0 | 1 MNOK |
| P/B | 1.0 | 47 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
Consider strengthening liquidity: current liabilities are 1.2 times current assets.
Based on: Current ratio 0.82 (median 1.77).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 279.3% 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.
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 | 46 | weight 30% |
|---|---|---|
| Solidity | 90 | weight 25% |
| Liquidity | 29 | weight 15% |
| Growth | 9 | weight 15% |
| Consistency | 61 | weight 15% |
Durability: 53 (average over 2 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is LUNA BULK III AS?
The operating margin was 8.8% in 2025, against a median of 8.4% among small companies in the same sector. Return on assets was 1.1%.
How solid is LUNA BULK III AS?
The equity ratio was 99.7% in 2025 (median 51.2%). Debt-to-equity was 0.00 (median 0.67).
What is the liquidity of LUNA BULK III AS like?
The current ratio was 0.82 in 2025 (median 1.77). Current assets did not cover current liabilities.
How does LUNA BULK III AS compare in Sjøfart?
LUNA BULK III AS ranks 953 of 2,035 in Sjøfart for 2025. Among companies of the same size (small companies) it ranks 699 of 1,475. Revenue changed by −54.7% from the year before.
From the Central Coordinating Register
- Org. no.
- 932478773
- Legal form
- AS
- Sector
- Sjøfart (50.201)
- Size tier
- small
- Employees
- 0–4 (not registered)
- Founded
- 28 September 2023 3 years in operation
- Share capital
- 0.03 MNOK
- Business address
- Haakon VIIs gate 10, 0161 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
- Vegard Nyhus
- Board member
- Dierk Oliver Faust
- Board member
- Cedric Astrid X Duinslaeger
- Auditor
- FORVIS MAZARS AS
- Accountant
- TO STREKER ØKONOMI 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 · 2024–2025
| Key figure | 2024 | 2025 | Trend |
|---|---|---|---|
| Index | 55 | 51 | |
| Rank | 732 | 953 | |
| Operating margin | 0.8% | 8.8% | |
| Return on assets | 0.5% | 1.1% | |
| Equity ratio | 98.4% | 99.7% | |
| Current ratio | 2.10 | 0.82 | |
| Revenue growth | – | −54.7% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2024 | 2025 |
|---|---|---|
| Operating revenue | 1.9 MNOK | 0.9 MNOK |
| Operating profit | 0.0 MNOK | 0.1 MNOK |
| Profit before tax | 0.1 MNOK | 0.1 MNOK |
| Net profit | 0.1 MNOK | 0.1 MNOK |
| Financial expenses | 0.0 MNOK | 0.4 MNOK |
| Total assets | 35.1 MNOK | 47.3 MNOK |
| Current assets | 1.2 MNOK | 0.1 MNOK |
| Equity | 34.5 MNOK | 47.1 MNOK |
| Retained earnings | 0.1 MNOK | 0.2 MNOK |
| Total liabilities | 0.6 MNOK | 0.1 MNOK |
| Current liabilities | 0.6 MNOK | 0.1 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 27 October 2026, accounts id 6870596.
Further
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