Risør Management AS
Accounts for 2025 are missing. The deadline was 31 July 2026. The Brønnøysund Register Centre does not publish when accounts arrived, only the latest year filed.
Score · fiscal year 2024
38of 100
How to read this: the company is ahead of 31 % of companies in the Morning class Micro in the same sector in 2024. What does this mean?
Rank in the Morning class Micro: 658 of 950 · What are Morning company classes?
Place in the whole sector: 1,825 of 2,573 · Transport og lagring
Profile
Elephant · Steward
Lower profitability, high solidity
Position against comparable companies in 2024, not a verdict on the company. Based on profitability 13 and solidity 79 out of 100 among companies in the Morning class Micro in the same sector in 2024. Methodology
Against the sector
Risør Management AS is 13 points below the median for companies in the Morning class Micro in the same sector in 2024.
Median score 51 among 949 companies.
Against companies in the Morning class Micro in the same sector in 2024: operating margin −8.4% (median 4.5%) and equity ratio 62.6% (median 28.0%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 10 MNOK | 4 MNOK |
| Operating margin | −8.4% | 4.5% |
| Profit margin | −7.0% | 3.8% |
| Return on assets | −12.4% | 9.4% |
| Equity ratio | 62.6% | 28.0% |
| Debt-to-equity | 0.60 | 1.80 |
| Current ratio | 0.84 | 1.37 |
| Revenue growth | −13.2% | 5.6% |
| Revenue per employee | 0.69 MNOK | 0.48 MNOK |
The median and “ahead of” refer to companies in the Morning class Micro in the same sector in 2024. The bar shows the share of companies the figure is ahead of.
With an index of 38, Risør Management AS does better than 31% of companies in the Morning class Micro in the same sector (950 companies) in 2024.
Score 2022–2024
- Risør Management AS
- Median: companies in the Morning class Micro in the same sector
Risør Management AS has a score of 38 for 2024, rank 1,825 of 2,573 in the sector.
Strongest: Solidity: percentile 79 against peers, equity ratio 62.6% against a median of 28.0%.
Weakest: Profitability: percentile 13 against peers, operating margin −8.4% against a median of 4.5%. Growth: percentile 18 against peers, revenue growth −13.2% against a median of 5.6%.
Worth a closer look
- Consider strengthening liquidity: current liabilities are 1.2 times current assets. Based on: current ratio 0.84 (median 1.37).
- The company made a loss before tax. Are these one-off items or a pattern? Based on: profit margin −7.0% (median 3.8%).
- The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors? Based on: operating margin −8.4% (median 4.5%).
- 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
The industry or the company: what drove the result?
In 2024 the operating margin of Risør Management AS fell by 14.3 percentage points. Comparable companies rose by a median 0.0 points. So the company did 14.3 points weaker than the industry, for reasons of its own.
Over 2 year-to-year changes Risør Management AS moved the same way as comparable companies 0 times. About 4% of the changes in operating margin were common to the industry; the rest was the company's own.
| Year | The company | Comparable (median) | Change, company | Change, industry | The company's own |
|---|---|---|---|---|---|
| 2023 | 5.9% | 4.4% | −5.0 percentage points | +0.8 percentage points | −5.8 percentage points |
| 2024 | −8.4% | 4.5% | −14.3 percentage points | +0.0 percentage points | −14.3 percentage points |
Comparable companies are those in the same industry and Morning company class. Their change shows what hit the whole industry, the sector drivers below included. The rest is the company's own: contracts, costs, one-off items or operations. The share is approximate, and we claim no cause.
The company and its sector's drivers
Prices, rate and currency that shape the sector's year, year by year beside the operating margin of Risør Management AS. The figures stand side by side; we claim no cause.
Service prices: transport and storage (indeks (2021 = 100))
| Measure | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Service prices: transport and storage, annual average | – | – | – | 114.6 | 119.3 (so far) |
| Change from the year before | – | – | – | – | +4.1% |
| The company's operating margin | 10.9% | 5.9% | −8.4% | – | – |
Source: SSB (14335, CC BY 4.0). Source
Turnover index: transport and storage (49–53, incl. shipping) (indeks (2021 = 100))
Turnover index: transport and storage (49–53, incl. shipping) rose 3.1% in 2024; the operating margin of Risør Management AS fell 14.3 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Turnover index: transport and storage (49–53, incl. shipping), annual average | 99.6 | 124.2 | 125.0 | 128.8 | 132.2 | 137.4 (so far) |
| Change from the year before | −2.2% | +24.7% | +0.7% | +3.1% | +2.6% | +3.9% |
| The company's operating margin | – | 10.9% | 5.9% | −8.4% | – | – |
Source: SSB (13863, CC BY 4.0). Source
Oil price (export price of crude oil) (kr per fat)
Oil price (export price of crude oil) fell 2.0% in 2024; the operating margin of Risør Management AS fell 14.3 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Oil price (export price of crude oil), annual average | 609 | 979 | 877 | 859 | 708 | 881 (so far) |
| Change from the year before | +61.1% | +60.8% | −10.5% | −2.0% | −17.6% | +24.5% |
| The company's operating margin | – | 10.9% | 5.9% | −8.4% | – | – |
Source: SSB (08799, CC BY 4.0). Source
Consumer price index (indeks (2025 = 100))
Consumer price index rose 3.2% in 2024; the operating margin of Risør Management AS fell 14.3 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Consumer price index, annual average | 84.3 | 89.2 | 94.1 | 97.0 | 100.0 | 102.9 (so far) |
| Change from the year before | +3.5% | +5.8% | +5.5% | +3.2% | +3.0% | +2.9% |
| The company's operating margin | – | 10.9% | 5.9% | −8.4% | – | – |
Source: SSB (14710, CC BY 4.0). Source
Policy rate (prosent)
Policy rate rose 0.96 percentage points in 2024; the operating margin of Risør Management AS fell 14.3 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Policy rate, annual average | 0.08 | 1.32 | 3.54 | 4.50 | 4.30 | 4.17 (so far) |
| Change from the year before | −0.28 percentage points | +1.24 percentage points | +2.22 percentage points | +0.96 percentage points | −0.20 percentage points | −0.12 percentage points |
| The company's operating margin | – | 10.9% | 5.9% | −8.4% | – | – |
Source: Norges Bank (IR, NLOD 2.0). Source
Wage index: land transport (indeks)
Wage index: land transport rose 5.5% in 2024; the operating margin of Risør Management AS fell 14.3 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Wage index: land transport, annual average | 87.5 | 91.1 | 95.7 | 101.0 | 106.2 | 108.9 (so far) |
| Change from the year before | +3.3% | +4.1% | +5.1% | +5.5% | +5.1% | +2.5% |
| The company's operating margin | – | 10.9% | 5.9% | −8.4% | – | – |
Source: SSB (12314, CC BY 4.0). Source
We show the drivers and the margin side by side and claim no cause. Sensitivity per company is not computed until we have at least 10 years of accounts per company: with three years such figures are false precision.
What the numbers say
Risør Management AS had an operating margin of −8.4% and an equity ratio of 62.6% in 2024, and ranks 1,825 of 2,573 in Transport og lagring.
From 2023 to 2024: went from a profit to a loss before tax and the operating margin fell from 5.9% to −8.4%.
Risør Management AS did better than the sector in 2022, the sector's weakest year.
This text is generated automatically from the 2024 accounts.
Three simple methods
The methods give between 2 MNOK and 3 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 15.1 | 3 MNOK |
| EV/EBIT | 16.7 | 2 MNOK |
| P/B | 1.8 | 3 MNOK |
The listed basis is the value at listed multiples. The estimate is lowered by 51% for an unlisted company: 20% for lack of marketability and 38% for size (a small-company premium of 4% on the cost of equity).
A mechanical estimate from public accounts, not advice. A mechanical estimate from public accounts with listed multiples and fixed adjustments. Not a valuation and not advice to buy or sell. See the calculation
Worth a closer look
- watch
Consider strengthening liquidity: current liabilities are 1.2 times current assets.
Based on: Current ratio 0.84 (median 1.37).
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −7.0% (median 3.8%).
- 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 −8.4% (median 4.5%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 6.8% of the debt in 2024. The policy rate averaged 4.50 % the same year. This is a plain description of what the debt cost, not a model of interest sensitivity.
See interest rates, prices and exchange rates for the sector
Data quality
No anomalies found in the figures.
Scenario analysis: the sector's weakest year
The operating margin was 10.9% in 2022 (sector median 2.7%), and the equity ratio 53.5%. In the other years the operating margin averaged −1.2%.
The sector's weakest year was 2022, with a median operating margin of 2.7%. Based on the 8 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 13 | weight 30% |
|---|---|---|
| Solidity | 79 | weight 25% |
| Liquidity | 21 | weight 15% |
| Growth | 18 | weight 15% |
| Consistency | 58 | weight 15% |
Durability: 56 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Risør Management AS?
The operating margin was −8.4% in 2024, against a median of 4.5% among companies in the Morning class Micro in the same sector. Return on assets was −12.4%. The company made a loss before tax.
How solid is Risør Management AS?
The equity ratio was 62.6% in 2024 (median 28.0%). Debt-to-equity was 0.60 (median 1.80).
What is the liquidity of Risør Management AS like?
The current ratio was 0.84 in 2024 (median 1.37). Current assets did not cover current liabilities.
How does Risør Management AS compare in Transport og lagring?
Risør Management AS ranks 1,825 of 2,573 in Transport og lagring for 2024. Among companies in the Morning class Micro it is number 658 of 950. Revenue changed by −13.2% from the year before.
Group structure · 2025
7 companies in the group according to the shareholder register for 2025. A company counts as a subsidiary when a Norwegian company owns more than half of its shares.
No owner holds more than half of the shares in Risør Shipping Holding AS.
Risør Shipping Holding AS has not filed group accounts in open data, so the group has no index of its own. Each company has its own accounts.
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Risør Shipping Holding AS
- Risør Management AS you are here
- Dltx Cloud AS
- Risør Venture AS
Read the figures with care: a company in a group can look strong because of group contributions, or weak because dividends go up to the parent. The figures are indications, not the full picture.
Source: the Norwegian Tax Administration's shareholder register 2025 (majority owner with more than 50 % of the shares). Voting agreements and ownership through other countries are not included.
From the Central Coordinating Register
- Org. no.
- 989858726
- Legal form
- AS
- Sector
- Transport og lagring (52.220)
- Morning company class
- Micro
- Employees
- 14 registered 10 September 2026
- Founded
- 10 May 2006 20 years in operation
- Share capital
- 0.26 MNOK
- Business address
- Kanalveien 51, 5068 BERGEN
- Municipality
- Bergen rank 8 of 11 in KOSTRA group 12
- Latest accounts filed
- 2024
- Website
- www.vaageshipman.no
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
Loading roles …
Source: Central Coordinating Register, fetched 1 November 2026. Only names are shown.
Shareholders (2025)
- Number of shareholders
- 1 (one owner)
- Largest owner
- 100.0%
- Split
- companies 100% · private persons 0% · foreign 0%
- Owned from the same municipality
- 0%
- Group chain
-
Owned by: Risør Shipping Holding AS (100%)
Ultimate owner: Risør Shipping Holding AS
- Risør Shipping Holding AS · 100.0%
Change 2007–2025:
100% of the shares changed owner (1 new and 11 departed owners). The majority owner changed.
New owners (companies): Risør Shipping Holding AS
Departed (companies): Andenes AS, Bergen Banking Holding AS, Bota Invest AS, Elvefrakt AS, Fønwind AS
Source: the Norwegian Tax Administration's shareholder register as of 2025. Figures may be older than today's ownership. Private persons are not shown by name.
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 5 November 2026.
Year by year · 2022–2024
| Key figure | 2022 | 2023 | 2024 | Trend |
|---|---|---|---|---|
| Index | 64 | 66 | 38 | |
| Rank | 15 | 651 | 1,825 | |
| Operating margin | 10.9% | 5.9% | −8.4% | |
| Return on assets | 27.3% | 19.3% | −12.4% | |
| Equity ratio | 53.5% | 66.7% | 62.6% | |
| Current ratio | 0.85 | 1.24 | 0.84 | |
| Revenue growth | – | 22.8% | −13.2% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2022 | 2023 | 2024 |
|---|---|---|---|
| Operating revenue | 9.0 MNOK | 11.1 MNOK | 9.6 MNOK |
| Operating profit | 1.0 MNOK | 0.7 MNOK | −0.8 MNOK |
| Profit before tax | 1.3 MNOK | 0.8 MNOK | −0.7 MNOK |
| Tax expense | 0.3 MNOK | 0.2 MNOK | −0.1 MNOK |
| Net profit | 1.0 MNOK | 0.6 MNOK | −0.5 MNOK |
| Financial expenses | 0.1 MNOK | 0.2 MNOK | 0.1 MNOK |
| Total assets | 5.2 MNOK | 5.0 MNOK | 4.5 MNOK |
| Current assets | 2.1 MNOK | 2.1 MNOK | 1.4 MNOK |
| Equity | 2.8 MNOK | 3.4 MNOK | 2.8 MNOK |
| Retained earnings | 1.4 MNOK | 2.0 MNOK | 1.5 MNOK |
| Total liabilities | 2.4 MNOK | 1.7 MNOK | 1.7 MNOK |
| Current liabilities | 2.4 MNOK | 1.7 MNOK | 1.7 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 5 November 2026, accounts id 6299789.
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