BOA BARGES AS
Score · fiscal year 2025
57of 100
How to read this: the company is ahead of 65 % of medium-sized companies in the same sector in 2025. What does this mean?
Rank: 347 of 1,017 · Sjøfart
Profile
Lion · Leader
High profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 71 and solidity 55 out of 100 among medium-sized companies in the same sector in 2025. Methodology
Against the sector
BOA BARGES AS is 8 points above the median for medium-sized companies in the same sector in 2025.
Median score 49 among 273 companies.
Against medium-sized companies in the same sector in 2025: operating margin 40.5% (median 23.0%) and equity ratio 41.6% (median 36.2%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 338 MNOK | 204 MNOK |
| Operating margin | 40.5% | 23.0% |
| Profit margin | 37.2% | 13.6% |
| Return on assets | 15.3% | 10.1% |
| Equity ratio | 41.6% | 36.2% |
| Debt-to-equity | 1.40 | 1.69 |
| Current ratio | 2.63 | 1.34 |
| Revenue growth | −18.7% | 2.4% |
The median and “ahead of” refer to medium-sized companies in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 57, BOA BARGES AS does better than 65% of medium-sized companies in the same sector (273 companies) in 2025.
Score 2023–2025
- BOA BARGES AS
- Median: medium-sized companies in the same sector
BOA BARGES AS has a score of 57 for 2025, rank 347 of 1,017 in the sector.
Strongest: Liquidity: percentile 72 against peers, current ratio 2.63 against a median of 1.34. Profitability: percentile 71 against peers, operating margin 40.5% against a median of 23.0%.
Weakest: Growth: percentile 16 against peers, revenue growth −18.7% against a median of 2.4%.
Worth a closer look
- 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
BOA BARGES AS had an operating margin of 40.5% and an equity ratio of 41.6% in 2025, and ranks 347 of 1,017 in Sjøfart.
From 2024 to 2025: the operating margin fell from 56.7% to 40.5% and revenue fell by 19%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 424 MNOK and 1,257 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 1,257 MNOK |
| EV/EBIT | 8.0 | 424 MNOK |
| P/B | 1.0 | 562 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 10.2% 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 | 71 | weight 30% |
|---|---|---|
| Solidity | 55 | weight 25% |
| Liquidity | 72 | weight 15% |
| Growth | 16 | weight 15% |
| Consistency | 54 | weight 15% |
Durability: 61 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is BOA BARGES AS?
The operating margin was 40.5% in 2025, against a median of 23.0% among medium-sized companies in the same sector. Return on assets was 15.3%.
How solid is BOA BARGES AS?
The equity ratio was 41.6% in 2025 (median 36.2%). Debt-to-equity was 1.40 (median 1.69).
What is the liquidity of BOA BARGES AS like?
The current ratio was 2.63 in 2025 (median 1.34).
How does BOA BARGES AS compare in Sjøfart?
BOA BARGES AS ranks 347 of 1,017 in Sjøfart for 2025. Among companies of the same size (medium-sized companies) it ranks 97 of 273. Revenue changed by −18.7% from the year before.
Group accounts
The company is registered as part of a group, but we have no group accounts for it. Group accounts are filed by the parent company, and open data does not say which company that is.
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.
We do not show the group structure, because open data does not say who owns whom.
From the Central Coordinating Register
- Org. no.
- 992982950
- Legal form
- AS · part of a group
- Sector
- Sjøfart (50.203)
- Size tier
- medium
- Employees
- 0–4 (not registered)
- Founded
- 15 May 2008 18 years in operation
- Share capital
- 55.00 MNOK
- Business address
- Strandveien 43, 7067 TRONDHEIM
- Municipality
- Trondheim rank 3 of 11 in KOSTRA group 12
- Latest accounts filed
- 2025
- Website
- www.boa.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
- Chief executive
- Ole Torberg Bjørnevik
- Chair of the board
- Ole Torberg Bjørnevik
- Board member
- Siw Marita Bjørnevik
- Auditor
- DELOITTE 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 29 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 62 | 65 | 57 | |
| Rank | 264 | 178 | 347 | |
| Operating margin | 40.4% | 56.7% | 40.5% | |
| Return on assets | 22.1% | 25.5% | 15.3% | |
| Equity ratio | 40.9% | 38.5% | 41.6% | |
| Current ratio | 1.16 | 2.29 | 2.63 | |
| Revenue growth | – | 31.0% | −18.7% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 317.6 MNOK | 416.1 MNOK | 338.2 MNOK |
| Operating profit | 128.4 MNOK | 235.8 MNOK | 137.1 MNOK |
| Profit before tax | 94.8 MNOK | 169.8 MNOK | 125.9 MNOK |
| Net profit | 94.6 MNOK | 169.6 MNOK | 125.7 MNOK |
| Financial expenses | 133.2 MNOK | 119.9 MNOK | 80.5 MNOK |
| Total assets | 1,031.8 MNOK | 1,133.9 MNOK | 1,351.0 MNOK |
| Current assets | 106.2 MNOK | 227.2 MNOK | 228.0 MNOK |
| Equity | 422.0 MNOK | 436.5 MNOK | 562.2 MNOK |
| Retained earnings | 221.5 MNOK | 236.1 MNOK | 361.8 MNOK |
| Total liabilities | 609.8 MNOK | 697.3 MNOK | 788.8 MNOK |
| Current liabilities | 91.4 MNOK | 99.2 MNOK | 86.8 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 29 October 2026, accounts id 7165283.
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