Oak Bulk AS
ASActiveOrg 929934091Dronning Eufemias Gate 8, 0191 OsloSea and coastal freight water transport· NACE 5020Est. 2022 · 4 years old0 employees
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Overview
Oak Bulk AS is a Norwegian AS based in Oslo, operating in the Sea and coastal freight water transport sector. Incorporated in 2022, the company has 0 employees and reported revenue of NOK 37.4m in its latest annual filing.
Revenue 2025
37.4M NOK
−19% vs 2024
EBITDA margin
27.8 %
−43% vs 2024
Net profit 2025
2.4M NOK
+138% vs 2024
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
46.9 %
AverageAround the average of companies in the same industry
20232025
Liquidity ratioCurrent assets ÷ Short-term debt
12.4×
Very strongAmong the 10% highest rated companies in the industry
20232025
Return on assets (ROA)Net profit ÷ Total assets × 100
1.6 %
AverageAround the average of companies in the same industry
20232025
EBITDA — year on year
NOK millionsKey figures
Annual report 2025| Revenue | 37.4M NOK | -19% |
| EBITDA | 10.4M NOK | -43% |
| Net profit | 2.4M NOK | +138% |
| Total assets | 153M NOK | -1% |
| Equity | 71.7M NOK | +4% |
| Employees | 0 | — |
Company information
Legal name
OAK BULK AS
Org number
929934091
Legal form
Aksjeselskap
NACE code
Founded
1 September 2022 · 4 years
Share capital
NOK 1,000,000
Employees
0 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2025-12-31
Financial year
January – December
Signatory rights
Styrets medlemmer hver for seg.
Company purpose
Å drive skipsfart og rederivirksomhet samt hva som hermed står i forbindelse, herunder deltagelse i andre selskaper og partnerskap med tilsvarende formål.
(no translation available)
Address
Dronning Eufemias Gate 8, 0191 Oslo
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Financial development
In its most recent annual report (2025), Oak Bulk AS reported revenue of NOK 37.4m, a decrease of 19% on the year before. The figures on this page draw on 3 annual filings covering 2023 to 2025. The bottom line showed a net profit of NOK 2.4m, and the EBITDA margin stood at 27.8%.
At the end of 2025, equity financed 46.9% of the balance sheet, and current assets covered short-term debt 12.4 times.
Financials
Revenue
NOK millionsEBITDA
NOK millionsIncome statement
NOK thousands| Item | 2025 | 2024 | 2023 |
|---|---|---|---|
| Revenue | 37,428 | 46,396 | 34,360 |
| Staff expenses | -63 | -0 | -0 |
| EBITDA | 10,421 | 18,229 | 6,861 |
| Depreciation & amort. | -9,568 | -9,595 | -6,921 |
| EBIT | 852 | 8,635 | -60 |
| Net financials | 1,579 | -15,096 | -5,767 |
| Profit before tax | 2,431 | -6,462 | -5,827 |
| Tax | -0 | -0 | -0 |
| Net profit | 2,431 | -6,462 | -5,827 |
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Balance sheet
NOK thousands| Item | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total assets | 153,011 | 154,310 | 164,496 |
| Equity | 71,749 | 69,318 | 75,779 |
| Long-term debt | 79,499 | 80,893 | 83,922 |
| Short-term debt | 1,764 | 4,100 | 4,794 |
| Total debt | 81,263 | 84,993 | 88,717 |
Financial ratios
5-year trendEBITDA margin
27.8 %
20232025
Equity ratio
46.9 %
AverageAround the average of companies in the same industry
20232025
Return on equity
3.4 %
WeakAmong the 40% lowest rated companies in the industry
20232025
Net profit margin
6.5 %
StrongAmong the 40% highest rated companies in the industry
20232025
Asset turnover
0.24×
WeakAmong the 40% lowest rated companies in the industry
20232025
Debt / equity
1.13×
AverageAround the average of companies in the same industry
20232025
Sector performance
28 of 28 ratios graded28 financial ratios from the latest filing, each graded against companies in the same industry.
Profitability
Gross marginVery weak
Among the 10% lowest rated companies in the industry
The gross result as a share of revenue — how much of the revenue is left after variable costs to cover the company's fixed costs.
Operating marginWeak
Among the 40% lowest rated companies in the industry
EBIT as a share of revenue — the share of revenue remaining as earnings once all operating costs are covered. A key measure of earning power.
Net profit marginStrong
Among the 40% highest rated companies in the industry
The profit for the year as a share of revenue — the company's ability to turn revenue into profit.
Return on equity (ROE)Weak
Among the 40% lowest rated companies in the industry
Net profit as a percentage of equity — the return the owners earned on their invested capital this year.
Return on assets (ROA)Average
Around the average of companies in the same industry
Net profit as a percentage of total assets — the return generated on the capital employed.
Return on net assets (RONA)Weak
Among the 40% lowest rated companies in the industry
Profit relative to net assets (total assets minus total debt) — the ability to generate earnings from the net asset base alone.
Basic earning power (BEP)Average
Around the average of companies in the same industry
EBIT relative to total assets — the company's earning power before the effects of tax and financial leverage.
Capacity ratioStrong
Among the 40% highest rated companies in the industry
Shows how strongly fixed costs weigh on the gross result — a high ratio means fixed costs take only a small bite out of the earnings from basic operations.
Liquidity
Current ratioVery strong
Among the 10% highest rated companies in the industry
Current assets relative to short-term debt — the ability to settle short-term obligations with current assets alone. Around 150% is considered satisfactory from a credit perspective.
Quick ratioVery strong
Among the 10% highest rated companies in the industry
Current assets excluding inventory relative to short-term debt — whether the most liquid assets alone can cover the short-term obligations. A value of 1 or above signals a healthy liquidity position.
Cash ratioVery strong
Among the 10% highest rated companies in the industry
Cash relative to short-term debt — the ability to repay short-term obligations with cash alone.
Current assets to equityVery strong
Among the 20% highest rated companies in the industry
Current assets relative to equity — an indicator of the balance-sheet structure and of the company's short- and long-term financing. The healthy level is highly industry-dependent.
Fixed assets to long-term capitalAverage
Around the average of companies in the same industry
Fixed assets relative to long-term capital (equity plus long-term liabilities). Below 100% means the long-term capital finances more than just the fixed assets — a healthier liquidity position.
Cash conversion ratioVery strong
Among the 10% highest rated companies in the industry
Cash flow relative to profit — the ability to convert reported profits into accessible cash.
Debt & solvency
Solidity ratioAverage
Around the average of companies in the same industry
Equity as a share of total assets — the ability to absorb losses. Around 40% is considered satisfactory from a credit perspective.
Debt ratioAverage
Around the average of companies in the same industry
Total debt relative to the balance-sheet total — the share of the assets financed by debt rather than equity.
Debt to equityAverage
Around the average of companies in the same industry
Debt relative to equity — the company's leverage. A higher value means heavier reliance on debt financing.
Liabilities to equityAverage
Around the average of companies in the same industry
Total liabilities relative to equity — whether the company operates primarily on borrowed capital or on its own.
Income to debtAverage
Around the average of companies in the same industry
Profit relative to debt — the ability to create earnings while operating with debt.
EBITDA to debtAverage
Around the average of companies in the same industry
EBITDA relative to debt — how much operating earnings are available to service the debt.
Interest coverageWeak
Among the 40% lowest rated companies in the industry
The ability to pay the interest on the company's debt out of its earnings.
Interest rate on debtVery weak
Among the 20% lowest rated companies in the industry
Financial expenses relative to total liabilities — the effective interest rate the company pays on its debt.
Interest marginWeak
Among the 40% lowest rated companies in the industry
The return on assets minus the interest rate on debt. Positive means the company benefits from operating with debt; negative means the debt makes it worse off.
Efficiency & development
Asset turnoverWeak
Among the 40% lowest rated companies in the industry
Revenue relative to total assets — the ability to generate revenue from the asset base.
Inventory turnoverAverage
Around the average of companies in the same industry
Revenue relative to inventory — how many times a year the inventory is sold and replaced. A low value can indicate weak sales or excess inventory.
Equity to contributed capitalVery strong
Among the 20% highest rated companies in the industry
Total equity relative to the capital the owners contributed — how the equity has developed from its starting point.
One-year change in equityAverage
Around the average of companies in the same industry
The size of this year's increase or decrease in the company's equity.
One-year change in debtAverage
Around the average of companies in the same industry
The size of this year's increase or decrease in the company's debt.
Annual reports & filings
People & ownership
Management
Actively employed in the businessNo data on file.
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (3) | ||
LS Chairman | Chairman | 2023 |
CB Board of Directors | Board of Directors | 2023 |
PK Board of Directors | Board of Directors | 2023 |
Former (2)
FH Board of Directors | Board of Directors | 2022 – 2022 |
AK Chairman | Chairman | 2022 – 2023 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
Campbell Maritime Investments Limit | Company | 15% | 15% | 2025 |
Oak Llc | Company | 10% | 10% | 2025 |
Trois-I Sa Investissements Industri | Company | 5.3% | 5.3% | 2025 |
| Company | 5% | 5% | 2023 | |
| Company | 3.55% | 3.55% | 2023 | |
| Company | 3.55% | 3.55% | 2023 | |
| Company | 3.2% | 3.2% | 2024 | |
Boyang Ltd. | Company | 3.09% | 3.09% | 2025 |
| Company | 3% | 3% | 2024 | |
| Company | 2.88% | 2.88% | 2023 | |
| Company | 2.76% | 2.76% | 2024 | |
| Company | 2.65% | 2.65% | 2023 | |
| Company | 2.3% | 2.3% | 2023 | |
| Individual | 1.76% | 1.76% | 2023 | |
| Company | 1.76% | 1.76% | 2023 | |
| Company | 1.76% | 1.76% | 2023 | |
| Company | 1.76% | 1.76% | 2023 | |
| Company | 1.76% | 1.76% | 2023 | |
| Company | 1.76% | 1.76% | 2023 | |
| Company | 1.76% | 1.76% | 2023 | |
| Company | 1.76% | 1.76% | 2023 | |
| Company | 1.76% | 1.76% | 2023 | |
| Individual | 1.76% | 1.76% | 2023 | |
| Company | 1.76% | 1.76% | 2023 | |
| Company | 1.76% | 1.76% | 2023 | |
| Company | 1.76% | 1.76% | 2023 | |
| Company | 1.76% | 1.76% | 2023 | |
| Company | 1.76% | 1.76% | 2023 | |
| Company | 1.76% | 1.76% | 2023 | |
| Company | 1.76% | 1.76% | 2023 | |
| Company | 1.76% | 1.76% | 2024 | |
| Company | 1.76% | 1.76% | 2023 | |
| Company | 1.76% | 1.76% | 2023 | |
| Company | 100% | 100% | 2022 | |
Oak Llc | Company | 10% | 10% | 2023 |
| Company | 1.76% | 1.76% | 2023 | |
Boyang Ltd. | Company | 3.09% | 3.09% | 2024 |
Campbell Maritime Investments Limit | Company | 15% | 15% | 2023 |
Trois I Investissements Industriels | Company | 5.3% | 5.3% | 2023 |
Boyang Ltd | Company | 3.09% | 3.09% | 2023 |
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Company hierarchy
Campbell Maritime Investments Limit15%Oak Llc10%Trois-I Sa Investissements Industri5.3%Eidco As3.55%Skips As Pelagos3.2%Boyang Ltd.3.09%Mce Holding As2.76%Thoca Invest As2.65%Otto Holmen As2.3%Vinn Invest As1.76%Pk Shipping As1.76%Wilskow Holding As1.76%Toya As1.76%Halfdan As1.76%Janamarin As1.76%Møllegården As1.76%Klaus Invest As1.76%Øyeheim As1.76%Egil Bjørn-Hansen As1.76%Fordoppa As1.76%Eidsiva Holding As1.76%Midgar As1.76%Marbella Eiendom As1.76%Alphecca As1.76%Ny Eigedom As1.76%Gec Holding As1.76%Nytt Foretak As100%Oppkuven As1.76%Trois I Investissements Industriels5.3%Boyang Ltd3.09%
Oak Bulk AS (this company)Board network connections
Board members of Oak Bulk AS also hold positions in 188 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Christian Bruusgaard | Board of Directors | 76 companiesMany roles |
| Axel Kogstad Bendvold | Chairman | 45 companiesMany roles |
| Per Kristian Aamlid | Board of Directors | 38 companiesMany roles |
| Fredrik Honningsvåg | Board of Directors | 28 companiesMany roles |
| Loukas Spiliotopoulos | Chairman | 1 company |
Frequently asked questions
What is the Org number of Oak Bulk AS?
Oak Bulk AS is registered with Brønnøysundsregistrene under Org 929934091.
What is the revenue of Oak Bulk AS?
Oak Bulk AS reported revenue of NOK 37.4m in 2025.
Who is the chairman of Oak Bulk AS?
Loukas Spiliotopoulos chairs the board of Oak Bulk AS, in role since 2023.
Where is Oak Bulk AS headquartered?
Oak Bulk AS's registered address is Dronning Eufemias Gate 8.