Ecobulk AS
ASActiveOrg 929934113Dronning Eufemias Gate 8, 0191 OsloSea and coastal freight water transport· NACE 5020Est. 2022 · 4 years old0 employees
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Overview
Ecobulk 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 0 in its latest annual filing.
Revenue 2025
0M NOK
EBITDA margin
—
Net profit 2025
-0.4M NOK
+20% vs 2024
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
99.9 %
Very strongAmong the 10% highest rated companies in the industry
20232025
Liquidity ratioCurrent assets ÷ Short-term debt
4.0×
StrongAmong the 30% highest rated companies in the industry
20232025
Return on assets (ROA)Net profit ÷ Total assets × 100
-0.3 %
WeakAmong the 40% lowest rated companies in the industry
20232025
EBITDA — year on year
NOK thousandsKey figures
Annual report 2025| Revenue | 0M NOK | — |
| EBITDA | -0.4M NOK | +30% |
| Net profit | -0.4M NOK | +20% |
| Total assets | 119.8M NOK | +1% |
| Equity | 119.7M NOK | +1% |
| Employees | 0 | — |
Company information
Legal name
ECOBULK AS
Org number
929934113
Legal form
Aksjeselskap
NACE code
Founded
1 September 2022 · 4 years
Share capital
NOK 1,000,000
Employees
0 (FTE)
VAT registered
No
Audit selected
No
Last report
2025-12-31
Financial year
January – December
Signatory rights
Styrets medlemmer hver for seg.
Company purpose
Drive skipsfart og rederivirksomhet samt hva som hermed står i forbindelse, herunder deltagelse i andre selskaper 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), Ecobulk AS reported revenue of NOK 0. The figures on this page draw on 3 annual filings covering 2023 to 2025. The bottom line showed a net loss of NOK 417.9k.
At the end of 2025, equity financed 99.9% of the balance sheet, and current assets covered short-term debt 4 times.
Financials
Revenue
NOK thousandsEBITDA
NOK thousandsIncome statement
NOK thousands| Item | 2025 | 2024 | 2023 |
|---|---|---|---|
| Revenue | 0 | 0 | 1,073 |
| Staff expenses | -34 | -0 | -0 |
| EBITDA | -420 | -601 | 634 |
| Depreciation & amort. | -0 | -0 | -0 |
| EBIT | -420 | -601 | 634 |
| Net financials | 2 | 80 | 4,121 |
| Profit before tax | -418 | -521 | 4,755 |
| Tax | -0 | -0 | 61 |
| Net profit | -418 | -521 | 4,695 |
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Balance sheet
NOK thousands| Item | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total assets | 119,805 | 118,674 | 119,139 |
| Equity | 119,685 | 118,557 | 119,078 |
| Long-term debt | 0 | 0 | 0 |
| Short-term debt | 120 | 117 | 61 |
| Total debt | 120 | 117 | 61 |
Financial ratios
5-year trendEBITDA margin
<−999 %
20232025
Equity ratio
99.9 %
Very strongAmong the 10% highest rated companies in the industry
20232025
Return on equity
-0.3 %
WeakAmong the 30% lowest rated companies in the industry
20232025
Net profit margin
<−999 %
20232025
Asset turnover
0.00×
Very weakAmong the 10% lowest rated companies in the industry
20232025
Debt / equity
0.00×
Very strongAmong the 10% highest rated companies in the industry
20232025
Sector performance
24 of 28 ratios graded28 financial ratios from the latest filing, each graded against companies in the same industry.
Profitability
Return on equity (ROE)Weak
Among the 30% 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)Weak
Among the 40% lowest rated companies in the industry
Net profit as a percentage of total assets — the return generated on the capital employed.
Return on net assets (RONA)Weak
Among the 30% 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)Weak
Among the 40% lowest rated companies in the industry
EBIT relative to total assets — the company's earning power before the effects of tax and financial leverage.
Capacity ratioVery weak
Among the 10% lowest 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.
Gross marginNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
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 marginNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
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 marginNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
The profit for the year as a share of revenue — the company's ability to turn revenue into profit.
Liquidity
Current ratioStrong
Among the 30% 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 ratioStrong
Among the 30% 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 20% 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 10% 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 capitalWeak
Among the 40% lowest rated companies in the 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 ratioAverage
Around the average of companies in the same industry
Cash flow relative to profit — the ability to convert reported profits into accessible cash.
Debt & solvency
Solidity ratioVery strong
Among the 10% highest rated companies in the industry
Equity as a share of total assets — the ability to absorb losses. Around 40% is considered satisfactory from a credit perspective.
Debt ratioVery strong
Among the 10% highest rated companies in the industry
Total debt relative to the balance-sheet total — the share of the assets financed by debt rather than equity.
Debt to equityVery strong
Among the 10% highest rated companies in the industry
Debt relative to equity — the company's leverage. A higher value means heavier reliance on debt financing.
Liabilities to equityVery strong
Among the 10% highest rated companies in the industry
Total liabilities relative to equity — whether the company operates primarily on borrowed capital or on its own.
Income to debtVery weak
Among the 10% lowest rated companies in the industry
Profit relative to debt — the ability to create earnings while operating with debt.
EBITDA to debtVery weak
Among the 10% lowest rated companies in the industry
EBITDA relative to debt — how much operating earnings are available to service the debt.
Interest coverageVery weak
Among the 10% 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 turnoverVery weak
Among the 10% lowest rated companies in the industry
Revenue relative to total assets — the ability to generate revenue from the asset base.
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.
Inventory turnoverNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
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.
Annual reports & filings
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|
Former (1)
MO Contact Person | Contact Person | 2023 – 2026 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (4) | ||
JA Chairman | Chairman | 2023 |
LC Board of Directors | Board of Directors | 2023 |
EP Board of Directors | Board of Directors | 2023 |
NF 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 |
|---|---|---|---|---|
Himberg Holding (Cyprus) Ltd | Company | 26.67% | 26.67% | 2025 |
Oceana Shipping Ag | Company | 26.67% | 26.67% | 2025 |
| Company | 20% | 20% | 2023 | |
| Company | 6.67% | 6.67% | 2023 | |
Falconara Holding N.V. | Company | 5.53% | 5.53% | 2025 |
| Company | 2.2% | 2.2% | 2023 | |
Boyang Ltd. | Company | 2.2% | 2.2% | 2025 |
Sailing Waves Shipping Ltd | Company | 1.09% | 1.09% | 2025 |
| Company | 1.09% | 1.09% | 2023 | |
| Individual | 1.09% | 1.09% | 2023 | |
| Individual | 1.09% | 1.09% | 2023 | |
Globetech Group Limited | Company | 1.09% | 1.09% | 2025 |
| Company | 1.09% | 1.09% | 2023 | |
| Company | 1.09% | 1.09% | 2023 | |
| Company | 100% | 100% | 2022 | |
Falconara Holding N.V. | Company | 5.53% | 5.53% | 2023 |
Feen Marine Inc. | Company | 26.67% | 26.67% | 2023 |
Sailing Waves Shipping Ltd | Company | 1.09% | 1.09% | 2023 |
Globetech Group Limited | Company | 1.09% | 1.09% | 2023 |
Oceana Shipping Ag | Company | 26.67% | 26.67% | 2023 |
Boyang Ltd. | Company | 2.2% | 2.2% | 2024 |
Boyang Ltd | Company | 2.2% | 2.2% | 2023 |
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Company hierarchy
Wieco As20%Patronia As6.67%Himberg Holding (Cyprus) Ltd26.67%Oceana Shipping Ag26.67%Falconara Holding N.V.5.53%Brosco As2.2%Boyang Ltd.2.2%Sailing Waves Shipping Ltd1.09%Globetech Group Limited1.09%Hamnvik As1.09%Seleo Invest As1.09%Nytt Foretak As100%Feen Marine Inc.26.67%Boyang Ltd2.2%
Ecobulk AS (this company)Board network connections
Board members of Ecobulk AS also hold positions in 149 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Axel Kogstad Bendvold | Chairman | 45 companiesMany roles |
| Lars Christian Uchermann Wiese | Board of Directors | 44 companiesMany roles |
| Fredrik Honningsvåg | Board of Directors | 28 companiesMany roles |
| Nicholas Feen | Board of Directors | 19 companiesMany roles |
| Mats Oskar Wikholm | Contact Person | 10 companiesMany roles |
| Jean-Noel André | Chairman | 2 companies |
| Eleftherios Papatryfon Or Papatrifon | Board of Directors | 1 company |
Frequently asked questions
What is the Org number of Ecobulk AS?
Ecobulk AS is registered with Brønnøysundsregistrene under Org 929934113.
Who is the chairman of Ecobulk AS?
Jean-Noel André chairs the board of Ecobulk AS, in role since 2023.
Where is Ecobulk AS headquartered?
Ecobulk AS's registered address is Dronning Eufemias Gate 8.