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 2022
64of 100
How to read this: the company is ahead of 67 % of companies in the Morning class Micro in the same sector in 2022. What does this mean?
Rank in the Morning class Micro: 7 of 19 · What are Morning company classes?
Place in the whole sector: 15 of 45 · Transport og lagring
Profile
Lion · Leader
High profitability, high solidity
Position against comparable companies in 2022, not a verdict on the company. Based on profitability 67 and solidity 86 out of 100 among companies in the Morning class Micro in the same sector in 2022. Methodology
Against the sector
Risør Management AS is 14 points above the median for companies in the Morning class Micro in the same sector in 2022.
Median score 50 among 19 companies.
Against companies in the Morning class Micro in the same sector in 2022: operating margin 10.9% (median 3.6%) and equity ratio 53.5% (median 16.4%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 9 MNOK | 4 MNOK |
| Operating margin | 10.9% | 3.6% |
| Profit margin | 14.2% | 1.7% |
| Return on assets | 27.3% | 6.3% |
| Equity ratio | 53.5% | 16.4% |
| Debt-to-equity | 0.87 | 1.24 |
| Current ratio | 0.85 | 1.23 |
| Revenue growth | – | – |
| Revenue per employee | 0.65 MNOK | 0.38 MNOK |
The median and “ahead of” refer to companies in the Morning class Micro in the same sector in 2022. The bar shows the share of companies the figure is ahead of.
With an index of 64, Risør Management AS does better than 67% of companies in the Morning class Micro in the same sector (19 companies) in 2022.
Score 2022–2024
- Risør Management AS
- Median: companies in the Morning class Micro in the same sector
What the numbers say
Risør Management AS had an operating margin of 10.9% and an equity ratio of 53.5% in 2022, and ranks 15 of 45 in Transport og lagring.
Risør Management AS did better than the sector in 2022, the sector's weakest year.
This text is generated automatically from the 2022 accounts.
Three simple methods
The methods give between 2 MNOK and 8 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 15.1 | 7 MNOK |
| EV/EBIT | 16.7 | 8 MNOK |
| P/B | 1.8 | 2 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 0.85 (median 1.23).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 5.7% of the debt in 2022. The policy rate averaged 1.32 % 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 | 67 | weight 30% |
|---|---|---|
| Solidity | 86 | weight 25% |
| Liquidity | 28 | weight 15% |
| Growth | – | no data, left out |
| Consistency | 59 | weight 15% |
Index version 2. Data completeness 85%: the share of the weights that had data.
Questions and answers
How profitable is Risør Management AS?
The operating margin was 10.9% in 2022, against a median of 3.6% among companies in the Morning class Micro in the same sector. Return on assets was 27.3%.
How solid is Risør Management AS?
The equity ratio was 53.5% in 2022 (median 16.4%). Debt-to-equity was 0.87 (median 1.24).
What is the liquidity of Risør Management AS like?
The current ratio was 0.85 in 2022 (median 1.23). Current assets did not cover current liabilities.
How does Risør Management AS compare in Transport og lagring?
Risør Management AS ranks 15 of 45 in Transport og lagring for 2022. Among companies in the Morning class Micro it is number 7 of 19.
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.
-
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 4521211.
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