BELCEM INVEST AS
Score · fiscal year 2025
65of 100
How to read this: the company is ahead of 82 % of small companies in the same sector in 2025. What does this mean?
Rank: 372 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 42 and solidity 82 out of 100 among small companies in the same sector in 2025. Methodology
Against the sector
BELCEM INVEST AS is 15 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 −2,022.9% (median 8.4%) and equity ratio 97.1% (median 51.2%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 0 MNOK | 5 MNOK |
| Operating margin | −2,022.9% | 8.4% |
| Profit margin | 25,735.2% | 9.2% |
| Return on assets | 18.9% | 3.4% |
| Equity ratio | 97.1% | 51.2% |
| Debt-to-equity | 0.03 | 0.67 |
| Current ratio | 16.91 | 1.77 |
| Revenue growth | 11.5% | 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 65, BELCEM INVEST AS does better than 82% of small companies in the same sector (1,475 companies) in 2025.
Score 2023–2025
- BELCEM INVEST AS
- Median: small companies in the same sector
BELCEM INVEST AS has a score of 65 for 2025, rank 372 of 2,035 in the sector.
Strongest: Liquidity: percentile 85 against peers, current ratio 16.91 against a median of 1.77. Solidity: percentile 82 against peers, equity ratio 97.1% against a median of 51.2%.
No area is clearly below its peers.
Worth a closer look
- The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors? Based on: operating margin −2,022.9% (median 8.4%).
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
BELCEM INVEST AS had an operating margin of −2,022.9% and an equity ratio of 97.1% in 2025, and ranks 372 of 2,035 in Sjøfart.
From 2024 to 2025: the operating margin fell from −1,240.7% to −2,022.9% and revenue grew by 12%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 289 MNOK and 522 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 522 MNOK |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | 289 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 operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors?
Based on: Operating margin −2,022.9% (median 8.4%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 32.7% 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 Extreme margin: check 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 | 42 | weight 30% |
|---|---|---|
| Solidity | 82 | weight 25% |
| Liquidity | 85 | weight 15% |
| Growth | 67 | weight 15% |
| Consistency | 62 | weight 15% |
Durability: 67 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is BELCEM INVEST AS?
The operating margin was −2,022.9% in 2025, against a median of 8.4% among small companies in the same sector. Return on assets was 18.9%.
How solid is BELCEM INVEST AS?
The equity ratio was 97.1% in 2025 (median 51.2%). Debt-to-equity was 0.03 (median 0.67).
What is the liquidity of BELCEM INVEST AS like?
The current ratio was 16.91 in 2025 (median 1.77).
How does BELCEM INVEST AS compare in Sjøfart?
BELCEM INVEST AS ranks 372 of 2,035 in Sjøfart for 2025. Among companies of the same size (small companies) it ranks 272 of 1,475. Revenue changed by 11.5% from the year before.
From the Central Coordinating Register
- Org. no.
- 983200745
- Legal form
- AS
- Sector
- Sjøfart (50.201)
- Size tier
- small
- Employees
- 0–4 (not registered)
- Founded
- 5 January 2001 25 years in operation
- Share capital
- 0.76 MNOK
- Business address
- Ruseløkkveien 6, 0251 OSLO
- Municipality
- Oslo rank 63–221 of 357 in Norway
- Latest accounts filed
- 2025
- LEI
- 549300M1U7UWUQKU7P31 renews 4 February 2027
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
- Alf Johan Loven Andersen
- Board member
- Maria Dahl Andersen
- Auditor
- CEDRA NORGE AS
- Accountant
- VIEW PROCURATOR 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 28 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 67 | 70 | 65 | |
| Rank | 326 | 229 | 372 | |
| Operating margin | −269.9% | −1,240.7% | −2,022.9% | |
| Return on assets | 31.2% | 44.6% | 18.9% | |
| Equity ratio | 91.6% | 94.0% | 97.1% | |
| Current ratio | 6.91 | 9.20 | 16.91 | |
| Revenue growth | – | 82.3% | 11.5% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 0.1 MNOK | 0.2 MNOK | 0.2 MNOK |
| Operating profit | −0.3 MNOK | −2.3 MNOK | −4.2 MNOK |
| Profit before tax | 53.7 MNOK | 96.9 MNOK | 53.5 MNOK |
| Net profit | 53.0 MNOK | 95.8 MNOK | 52.2 MNOK |
| Financial expenses | 4.1 MNOK | 21.9 MNOK | 2.8 MNOK |
| Total assets | 185.4 MNOK | 266.6 MNOK | 297.3 MNOK |
| Current assets | 108.1 MNOK | 147.9 MNOK | 143.8 MNOK |
| Equity | 169.7 MNOK | 250.5 MNOK | 288.7 MNOK |
| Retained earnings | 169.0 MNOK | 249.8 MNOK | 288.0 MNOK |
| Total liabilities | 15.6 MNOK | 16.1 MNOK | 8.5 MNOK |
| Current liabilities | 15.6 MNOK | 16.1 MNOK | 8.5 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 28 October 2026, accounts id 7087793.
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