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Western Bulk Management AS
AS
Active
Org 932184265
Henrik Ibsens Gate 100, 0255
Oslo
Sea and coastal freight water transport
·
NACE 5020
Est. 1982 · 44 years old
52 employees
Monitor
Share
Norway
/
Companies
/
Sea and coastal freight water transport
/
Western Bulk Management AS
Overview
Financials
People & ownership
Related companies
Loading company…
Financials
Revenue
NOK millions
325M
244M
163M
81M
0M
2021: 250M
250M
2021
2022: 261M (+4% vs 2021)
261M
+4%
2022
2023: 143M (-45% vs 2022)
143M
-45%
2023
2024: 166M (+16% vs 2023)
166M
+16%
2024
2025: 136M (-18% vs 2024)
136M
-18%
2025
EBITDA
NOK millions
21M
16M
11M
5M
0M
2021: 14M
14M
2021
2022: 17M (+21% vs 2021)
17M
+21%
2022
2023: 1M (-94% vs 2022)
1M
-94%
2023
2024: 8M (+700% vs 2023)
8M
+700%
2024
2025: 9M (+13% vs 2024)
9M
+13%
2025
Income statement
NOK thousands
Item
2025
2024
2023
2022
2021
Revenue
135 757
165 677
143 097
261 457
250 346
Staff expenses
−88 589
−109 576
−86 994
−198 616
−216 492
EBITDA
8 529
8 336
1 458
17 181
13 871
Depreciation & amort.
−729
−835
−692
−744
−733
EBIT
7 800
7 500
765
16 437
13 138
Net financials
−7 472
12 720
9 662
−688
1 111
Profit before tax
328
20 220
10 427
15 749
14 249
Tax
−103
4 511
2 348
3 680
2 998
Net profit
431
15 710
8 079
12 069
11 251
Balance sheet
NOK thousands
Item
2025
2024
2023
2022
2021
Total assets
91 197
119 463
107 716
243 060
219 480
Equity
59 100
58 344
60 262
61 548
49 480
Long-term debt
0
0
0
0
0
Short-term debt
31 572
59 572
45 271
177 359
162 466
Total debt
31 572
59 572
45 271
177 359
162 466
Financial ratios
5-year trend
EBITDA margin
6,3 %
This company
15,8 %
Market median
This company
Market median
60% below market
2021
2025
Equity ratio
64,8 %
This company
38,2 %
Market median
This company
Market median
70% above market
2021
2025
Return on equity
0,7 %
This company
18,4 %
Market median
This company
Market median
96% below market
2021
2025
Net profit margin
0,3 %
This company
8,1 %
Market median
This company
Market median
96% below market
2021
2025
Asset turnover
1,49×
This company
1,12×
Market median
This company
Market median
33% above market
2021
2025
Debt / equity
0,54×
This company
0,62×
Market median
This company
Market median
13% below market
2021
2025
Annual reports & filings
Annual report 2025
Filed via Brønnøysundsregistrene · Period 2025-01-01 – 2025-12-31
View
PDF
Annual report 2024
Filed via Brønnøysundsregistrene · Period 2024-01-01 – 2024-12-31
View
PDF
Annual report 2023
Filed via Brønnøysundsregistrene · Period 2023-01-01 – 2023-12-31
View
PDF
Annual report 2022
Filed via Brønnøysundsregistrene · Period 2022-01-01 – 2022-12-31
View
PDF
Annual report 2021
Filed via Brønnøysundsregistrene · Period 2021-01-01 – 2021-12-31
View
PDF
More on Western Bulk Management AS
Overview →
Headline figures, risk assessment and company summary
People & ownership →
Management, board and shareholder breakdown
Related companies →
Corporate hierarchy, parent and subsidiary network
