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BLUE WATER SHIPPING A/S — Credit Rating and Financial Key Figures

CVR number: 40516611
Trafikhavnskaj 9, 6700 Esbjerg
tel: 79134677
Free credit report Annual report

Credit rating

Company information

Official name
BLUE WATER SHIPPING A/S
Personnel
922 persons
Established
1982
Company form
Limited company
Industry

About BLUE WATER SHIPPING A/S

BLUE WATER SHIPPING A/S (CVR number: 40516611) is a company from ESBJERG. The company reported a net sales of 6020.3 mDKK in 2025, demonstrating a decline of -0.8 % compared to the previous year. The operating profit percentage was poor at -1.2 % (EBIT: -70 mDKK), while net earnings were -23.5 mDKK. The profitability of the company measured by Return on Assets (ROA) was 1.1 %, which can be considered weak but Return on Equity (ROE) was -5.2 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 26.1 %, a level that can be considered to be low. This means a higher proportion of debt in its capital structure, indicating a greater reliance on borrowed funds. BLUE WATER SHIPPING A/S's liquidity measured by quick ratio was 0.9 which is at a modest level. Thus, the company's liquid assets are in relative balance with its short-term liabilities, indicating a moderate liquidity position. While it's likely to meet its current obligations, financial flexibility may be constrained, and unexpected costs could pose challenges.

Financial information

See financials

Net sales (mDKK)

EBIT (mDKK)

Profitability

Solidity

Key figures (mDKK)

See financials
2021
2022
2023
2024
2025
Volume
Net sales5 490.436 719.065 838.066 071.656 020.31
Gross profit468.77545.35586.99518.53527.29
EBIT36.8932.9316.96-65.76-69.99
Net earnings86.9169.5880.77-19.29-23.55
Shareholders equity total384.60438.24516.66483.74420.46
Balance sheet total (assets)1 341.641 527.761 552.581 588.141 610.16
Net debt356.56454.13
Profitability
EBIT-%0.7 %0.5 %0.3 %-1.1 %-1.2 %
ROA3.0 %2.3 %1.1 %0.0 %1.1 %
ROE24.0 %16.9 %16.9 %-3.9 %-5.2 %
ROI3.0 %2.3 %1.1 %0.0 %1.9 %
Economic value added (EVA)19.7713.60-5.06-77.58-99.12
Solvency
Equity ratio100.0 %100.0 %100.0 %30.5 %26.1 %
Gearing73.9 %108.1 %
Relative net indebtedness %18.2 %19.8 %
Liquidity
Quick ratio1.00.9
Current ratio1.00.9
Cash and cash equivalents1.060.54
Capital use efficiency
Trade debtors turnover (days)45.144.6
Net working capital %0.7 %-2.5 %
Credit risk
Credit ratingAAABBBBBB

Variable visualization

ROA:1.06%
Rating: 25/100
-20%
0%
4%
11%
24%
60%
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Equity ratio:26.1%
Rating: 24/100
-1%
21%
50%
81%
99%
100%
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Roles

Board member
Board member
Board member
Board member
Chairman of the board

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