LUNA BULK V AS
Score · fiscal year 2025
59of 100
How to read this: the company is ahead of 74 % of small companies in the same sector in 2025. What does this mean?
Rank: 276 of 1,014 · Sjøfart
Profile
Elephant · Steward
Lower profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 38 and solidity 98 out of 100 among small companies in the same sector in 2025. Methodology
Against the sector
LUNA BULK V AS is 9 points above the median for small companies in the same sector in 2025.
Median score 50 among 704 companies.
Against small companies in the same sector in 2025: operating margin 11.0% (median 11.2%) and equity ratio 99.6% (median 44.3%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 1 MNOK | 21 MNOK |
| Operating margin | 11.0% | 11.2% |
| Profit margin | 92.0% | 9.1% |
| Return on assets | 1.9% | 7.6% |
| Equity ratio | 99.6% | 44.3% |
| Debt-to-equity | 0.00 | 1.05 |
| Current ratio | 55.92 | 1.67 |
| Revenue growth | −60.3% | 2.9% |
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 59, LUNA BULK V AS does better than 74% of small companies in the same sector (704 companies) in 2025.
Score 2024–2025
- LUNA BULK V AS
- Median: small companies in the same sector
LUNA BULK V AS has a score of 59 for 2025, rank 276 of 1,014 in the sector.
Strongest: Solidity: percentile 98 against peers, equity ratio 99.6% against a median of 44.3%. Liquidity: percentile 98 against peers, current ratio 55.92 against a median of 1.67.
Weakest: Growth: percentile 2 against peers, revenue growth −60.3% against a median of 2.9%. Profitability: percentile 38 against peers, operating margin 11.0% against a median of 11.2%.
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
LUNA BULK V AS had an operating margin of 11.0% and an equity ratio of 99.6% in 2025, and ranks 276 of 1,014 in Sjøfart.
From 2024 to 2025: revenue fell by 60% and the operating margin rose from 0.4% to 11.0%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 8 MNOK and 98 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 8 MNOK |
| EV/EBIT | 8.0 | 25 MNOK |
| P/B | 1.0 | 98 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
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 201.4% 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 2022, the sector's weakest year, for this company.
The sector's weakest year was 2022, with a median operating margin of 5.1%. 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 | 38 | weight 30% |
|---|---|---|
| Solidity | 98 | weight 25% |
| Liquidity | 98 | weight 15% |
| Growth | 2 | weight 15% |
| Consistency | 56 | weight 15% |
Durability: 56 (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 V AS?
The operating margin was 11.0% in 2025, against a median of 11.2% among small companies in the same sector. Return on assets was 1.9%.
How solid is LUNA BULK V AS?
The equity ratio was 99.6% in 2025 (median 44.3%). Debt-to-equity was 0.00 (median 1.05).
What is the liquidity of LUNA BULK V AS like?
The current ratio was 55.92 in 2025 (median 1.67).
How does LUNA BULK V AS compare in Sjøfart?
LUNA BULK V AS ranks 276 of 1,014 in Sjøfart for 2025. Among companies of the same size (small companies) it ranks 185 of 704. Revenue changed by −60.3% from the year before.
From the Central Coordinating Register
- Org. no.
- 933520927
- Legal form
- AS
- Sector
- Sjøfart (50.201)
- Size tier
- small
- Employees
- 0–4 (not registered)
- Founded
- 21 May 2024 2 years in operation
- Share capital
- 0.04 MNOK
- Business address
- Haakon VIIs gate 10, 0161 OSLO
- Municipality
- Oslo rank 63–221 of 357 in Norway
- Latest accounts filed
- 2025
- LEI
- 636700GORDR7LAH1PU64 renews 3 December 2026
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
- Nitin Sharma
- Board member
- Gert Bernard M Masselus
- Board member
- Dierk Oliver Faust
- Auditor
- FORVIS MAZARS AS
- Accountant
- TO STREKER ØKONOMI 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 27 October 2026.
Year by year · 2024–2025
| Key figure | 2024 | 2025 | Trend |
|---|---|---|---|
| Index | 52 | 59 | |
| Rank | 438 | 276 | |
| Operating margin | 0.4% | 11.0% | |
| Return on assets | 1.2% | 1.9% | |
| Equity ratio | 96.8% | 99.6% | |
| Current ratio | 1.68 | 55.92 | |
| Revenue growth | – | −60.3% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2024 | 2025 |
|---|---|---|
| Operating revenue | 2.8 MNOK | 1.1 MNOK |
| Operating profit | 0.0 MNOK | 0.1 MNOK |
| Profit before tax | 0.3 MNOK | 1.0 MNOK |
| Net profit | 0.2 MNOK | 0.8 MNOK |
| Financial expenses | 0.0 MNOK | 0.9 MNOK |
| Total assets | 28.9 MNOK | 98.4 MNOK |
| Current assets | 1.6 MNOK | 24.2 MNOK |
| Equity | 28.0 MNOK | 98.0 MNOK |
| Retained earnings | 0.2 MNOK | 1.0 MNOK |
| Total liabilities | 0.9 MNOK | 0.4 MNOK |
| Current liabilities | 0.9 MNOK | 0.4 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 27 October 2026, accounts id 6984708.
Further
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