Riskpilot← Back to searchSign inGet full accessWESTERN BULK MANAGEMENT AS
ASActiveOrg 932184265Henrik Ibsens Gate 100, 0255 OsloSea and coastal freight water transport · NACE 5020Est. 198246 employees
Revenue 2024
NOK 165,7M
+16% vs 2023
EBITDA margin
5.0%
+472% vs 2023
Equity ratio
48.8%
Financial strength
Net profit 2024
NOK 15,7M
+94% vs 2023
| Revenue | NOK 165,7M | +16% |
| EBITDA | NOK 8,3M | +472% |
| Net profit | NOK 15,7M | +94% |
| Total assets | NOK 119,5M | +11% |
| Equity | NOK 58,3M | -3% |
| Employees | 46 | — |
Legal name
WESTERN BULK MANAGEMENT AS
Org number
932184265
Legal form
Aksjeselskap
NACE code
5020 · Sea and coastal freight water transport
Founded
31. mars 1982
Share capital
NOK 1 500 000
Employees
46 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2024-12-31
Financial year
January – December
Address
Henrik Ibsens Gate 100, 0255 Oslo
Phone
+4723133400
Email
post@westernbulk.com
Risika for professionals
Risika provides regulated workflow tools for finance, procurement and compliance teams that need monitoring, alerts and an API.
| Item | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | 115 484 | 250 346 | 261 457 | 143 097 | 165 677 |
| Staff expenses | −73 470 | −216 492 | −198 616 | −86 994 | −109 576 |
| EBITDA | 5 412 | 13 871 | 17 181 | 1 458 | 8 336 |
| Depreciation & amort. | −1 341 | −733 | −744 | −692 | −835 |
| EBIT | 4 071 | 13 138 | 16 437 | 765 | 7 500 |
| Net financials | 1 458 | 1 111 | −688 | 9 662 | 12 720 |
| Profit before tax | 5 529 | 14 249 | 15 749 | 10 427 | 20 220 |
| Tax | 729 | 2 998 | 3 680 | 2 348 | 4 511 |
| Net profit | 4 800 | 11 251 | 12 069 | 8 079 | 15 710 |
| Item | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Total assets | 72 341 | 219 480 | 243 060 | 107 716 | 119 463 |
| Equity | 38 228 | 49 480 | 61 548 | 60 262 | 58 344 |
| Long-term debt | 0 | 0 | 0 | 0 | 0 |
| Short-term debt | 23 549 | 162 466 | 177 359 | 45 271 | 59 572 |
| Total debt | 23 549 | 162 466 | 177 359 | 45 271 | 59 572 |
EBITDA margin
5.0%
This company
15.8%
Market median
-68% vs market
20202024
Equity ratio
48.8%
This company
38.2%
Market median
+28% vs market
20202024
Return on equity
26.9%
This company
18.4%
Market median
+46% vs market
20202024
Net profit margin
9.5%
This company
8.1%
Market median
+17% vs market
20202024
Asset turnover
1.39×
This company
1.12×
Market median
+24% vs market
20202024
Debt / equity
1.05×
This company
0.62×
Market median
-69% vs market
20202024
- Annual report 2024Filed via Brønnøysundsregistrene · Period 2024-01-01 – 2024-12-31
- Annual report 2023Filed via Brønnøysundsregistrene · Period 2023-01-01 – 2023-12-31
- Annual report 2022Filed via Brønnøysundsregistrene · Period 2022-01-01 – 2022-12-31
- Annual report 2021Filed via Brønnøysundsregistrene · Period 2021-01-01 – 2021-12-31
- Annual report 2020Filed via Brønnøysundsregistrene · Period 2020-01-01 – 2020-12-31
| Name | Role | Member since |
|---|---|---|
| Current (1) | ||
TG Chief Executive Officer | Chief Executive Officer | 2024 |
| Name | Role | Member since |
|---|---|---|
| Former (2) | ||
| Chairman | 2019 – 2024 | |
| Chairman | 2024 – 2024 | |
| Shareholder | Type | Ownership | Votes | Since |
|---|---|---|---|---|
| Company | 100% | 100% | 2024 |
Beneficial ownership (UBO) data access is restricted in Denmark as of September 2025 per the EU 6th AML Directive. Learn more.
Kistefos AsKistefos Equity Holdings AsWestern Bulk Chartering As
WESTERN BULK MANAGEMENT AS (this company)Board members of WESTERN BULK MANAGEMENT AS also hold positions in 0 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Torbjørn Gjervik | Chief Executive Officer | 0 companies |
| Hans Aasnæs | Chairman | 0 companies |
| Ørjan Svanevik | Chairman | 0 companies |