SUBSEAPARTNER AS
Score · fiscal year 2025
28of 100
How to read this: the company is ahead of 13 % of medium-sized companies in the same sector in 2025. What does this mean?
Rank: 494 of 584 · Olje og gass
Profile
Beaver · Builder
Lower profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 26 and solidity 28 out of 100 among medium-sized companies in the same sector in 2025. Methodology
Against the sector
SUBSEAPARTNER AS is 23 points below the median for medium-sized companies in the same sector in 2025.
Median score 51 among 132 companies.
Against medium-sized companies in the same sector in 2025: operating margin 0.8% (median 6.3%) and equity ratio 27.6% (median 43.2%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 142 MNOK | 229 MNOK |
| Operating margin | 0.8% | 6.3% |
| Profit margin | −2.8% | 6.0% |
| Return on assets | 1.7% | 9.3% |
| Equity ratio | 27.6% | 43.2% |
| Debt-to-equity | 2.63 | 1.17 |
| Current ratio | 1.11 | 1.32 |
| Revenue growth | −20.2% | 4.8% |
| Revenue per employee | 7.90 MNOK | 3.89 MNOK |
The median and “ahead of” refer to medium-sized companies in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 28, SUBSEAPARTNER AS does better than 13% of medium-sized companies in the same sector (132 companies) in 2025.
Score 2023–2025
- SUBSEAPARTNER AS
- Median: medium-sized companies in the same sector
What the numbers say
SUBSEAPARTNER AS had an operating margin of 0.8% and an equity ratio of 27.6% in 2025, and ranks 494 of 584 in Olje og gass.
From 2024 to 2025: went from a profit to a loss before tax and the operating margin fell from 12.9% to 0.8%.
This text is generated automatically from the 2025 accounts.
Three simple methods
One method gives a figure: 25 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | debt above value |
| P/B | 1.0 | 25 MNOK |
A mechanical estimate from public accounts, not advice. Mechanical estimate from public accounts with fixed multiples. Not a valuation and not advice to buy or sell. The multiples are provisional default values and must be adjusted per sector before the figures are used for anything. See the calculation
Worth a closer look
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −2.8% (median 6.0%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Data quality
No anomalies found in the figures.
Scenario analysis: the sector's weakest year
We have no accounts for 2022, the sector's weakest year, for this company.
The sector's weakest year was 2022, with a median operating margin of 1.5%. Based on the 5 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 26 | weight 30% |
|---|---|---|
| Solidity | 28 | weight 25% |
| Liquidity | 42 | weight 15% |
| Growth | 13 | weight 15% |
| Consistency | 35 | weight 15% |
Durability: 43 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is SUBSEAPARTNER AS?
The operating margin was 0.8% in 2025, against a median of 6.3% among medium-sized companies in the same sector. Return on assets was 1.7%. The company made a loss before tax.
How solid is SUBSEAPARTNER AS?
The equity ratio was 27.6% in 2025 (median 43.2%). Debt-to-equity was 2.63 (median 1.17).
What is the liquidity of SUBSEAPARTNER AS like?
The current ratio was 1.11 in 2025 (median 1.32).
How does SUBSEAPARTNER AS compare in Olje og gass?
SUBSEAPARTNER AS ranks 494 of 584 in Olje og gass for 2025. Among companies of the same size (medium-sized companies) it ranks 115 of 132. Revenue changed by −20.2% from the year before.
Group accounts · 2025
24 of 100
Rank 677 of 739 groups with group accounts. Groups are ranked only against each other, not against single companies.
| Key figure | The group | The company alone (2025) |
|---|---|---|
| Operating margin | 0.5% | 0.8% |
| Return on assets | 1.2% | 1.7% |
| Equity ratio | 27.3% | 27.6% |
| Current ratio | 1.11 | 1.11 |
| Revenue growth | −20.2% | −20.2% |
Group index in earlier years: 2023: 43 (519 of 850), 2024: 55 (311 of 737).
Same formulas and weights as the company index. Group and company are never added together, and the group accounts are not part of sector averages or company rankings.
Source: Brønnøysund Register Centre, group accounts 2025 (open data, NLOD 2.0).
We do not show the group structure, because open data does not say who owns whom.
From the Central Coordinating Register
- Org. no.
- 913064208
- Legal form
- AS
- Sector
- Olje og gass (09.109)
- Size tier
- medium
- Employees
- 18 registered 10 September 2026
- Founded
- 18 December 2013 12 years in operation
- Share capital
- 12.70 MNOK
- Business address
- Stoltenberggata 1, 5527 HAUGESUND
- Municipality
- Haugesund rank 1–7 of 13 in KOSTRA group 10
- Latest accounts filed
- 2025
Source: Central Coordinating Register, Brønnøysund Register Centre. The employee count is reported by the company and may be older than the accounts. See the company at the Brønnøysund Register Centre
Ownership and roles
- Chief executive
- Anders Remøy Bertelsen
- Chair of the board
- Sven Petter Omdal
- Board member
- Stein Inge Riise
- Auditor
- CEDRA NORGE AS
Source: Central Coordinating Register, fetched 25 October 2026. Only names are shown.
Owners and shareholdings will appear here once the shareholder data extract is in place.
Coming · not built yet
Error in the data?
Do you see an error in the figures or in how the company is mapped (sector, holding, group)? Let us know. Corrections require documentation.
Figures last fetched 26 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 49 | 50 | 28 | |
| Rank | 283 | 271 | 494 | |
| Operating margin | 15.1% | 12.9% | 0.8% | |
| Return on assets | 22.8% | 18.9% | 1.7% | |
| Equity ratio | 24.2% | 22.8% | 27.6% | |
| Current ratio | 1.33 | 1.29 | 1.11 | |
| Revenue growth | – | 22.6% | −20.2% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 145.3 MNOK | 178.2 MNOK | 142.3 MNOK |
| Operating profit | 22.0 MNOK | 23.1 MNOK | 1.2 MNOK |
| Profit before tax | 19.3 MNOK | 17.4 MNOK | −4.0 MNOK |
| Net profit | 19.2 MNOK | 13.5 MNOK | −3.2 MNOK |
| Financial expenses | 3.5 MNOK | 5.6 MNOK | 5.5 MNOK |
| Total assets | 100.2 MNOK | 122.0 MNOK | 89.5 MNOK |
| Current assets | 37.2 MNOK | 46.8 MNOK | 13.4 MNOK |
| Equity | 24.3 MNOK | 27.8 MNOK | 24.7 MNOK |
| Retained earnings | −11.7 MNOK | −8.1 MNOK | −11.3 MNOK |
| Total liabilities | 75.9 MNOK | 94.2 MNOK | 64.8 MNOK |
| Current liabilities | 27.8 MNOK | 36.3 MNOK | 12.0 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 7074581.
Further
Similar companies
- PETROLIA NOCO AS index 29, rank 491
- ODFJELL WELL SERVICES AS index 28, rank 498
- PSW TECHNOLOGY AS index 27, rank 499
- RIG HERCULES CONTRACTOR AS index 27, rank 501
- EQUINOR ANGOLA BLOCK 1/14 AS index 27, rank 502