2020 BULKERS SANDEFJORD AS: årsregnskap 2025 vs 2024
Shrank 85% on revenue, weaker earnings
approved 2026-03-27; registry 2026-04-27; journal 2026 362048
Summary
What changed
Comparing Årsregnskap 2025 with 2024 for 2020 BULKERS SANDEFJORD AS. Revenue 769.21m NOK → 114.67m NOK (-85.1%). Net result +629.87m NOK → +77.40m NOK. Equity 53.53m NOK → 1.44m NOK.
On the constructive side: cash rose; current ratio back above 1×. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer; paid-in equity reduced. All figures are taken from the published annual accounts for 2020 BULKERS SANDEFJORD AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 14.35m NOK → 27.72m NOK (+93.2% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.14× → 80.12×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 769.21m NOK to 114.67m NOK (-85.1% YoY). Calculated
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↓
Operating result weakened
Operating result +705.36m NOK → +68.88m NOK (op. margin 91.7% → 60.1%). Calculated
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↓
Net result weakened
Net result +629.87m NOK → +77.40m NOK (net margin 81.9% → 67.5%). Calculated
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↓
Equity eroded
Book equity 53.53m NOK → 1.44m NOK (equity ratio 13.7% → 0.4%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 115.45m NOK → 1.44m NOK — check capital reduction, conversion, or reclassification. Interpretation