SUBSEA INSULATION AS
Score · fiscal year 2024
41of 100
How to read this: the company is ahead of 34 % of small companies in the same sector in 2024. What does this mean?
Rank: 382 of 586 · Olje og gass
Profile
Cheetah · Sprinter
High profitability, lower solidity
Position against comparable companies in 2024, not a verdict on the company. Based on profitability 64 and solidity 0 out of 100 among small companies in the same sector in 2024. Methodology
Against the sector
SUBSEA INSULATION AS is 9 points below the median for small companies in the same sector in 2024.
Median score 50 among 310 companies.
Against small companies in the same sector in 2024: operating margin 5.2% (median 4.6%) and equity ratio −11.7% (median 52.2%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 9 MNOK | 3 MNOK |
| Operating margin | 5.2% | 4.6% |
| Profit margin | 5.2% | 10.2% |
| Return on assets | 21.0% | 3.7% |
| Equity ratio | −11.7% | 52.2% |
| Debt-to-equity | – | 0.42 |
| Current ratio | 1.08 | 1.76 |
| Revenue growth | 3.4% | 3.9% |
The median and “ahead of” refer to small companies in the same sector in 2024. The bar shows the share of companies the figure is ahead of.
With an index of 41, SUBSEA INSULATION AS does better than 34% of small companies in the same sector (311 companies) in 2024.
Score 2023–2025
- SUBSEA INSULATION AS
- Median: small companies in the same sector
What the numbers say
SUBSEA INSULATION AS had an operating margin of 5.2% and an equity ratio of −11.7% in 2024, and ranks 382 of 586 in Olje og gass.
From 2023 to 2024: the equity ratio rose from −31.3% to −11.7% and the operating margin rose from 3.1% to 5.2%.
This text is generated automatically from the 2024 accounts.
Three simple methods
The methods give between 5 MNOK and 5 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 5 MNOK |
| EV/EBIT | 8.0 | 5 MNOK |
| P/B | 1.0 | not meaningful |
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
- critical
Equity is negative. How will it be rebuilt, and what do lenders and the auditor say about going concern?
Based on: Equity ratio −11.7% (median 52.2%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Data quality
- critical Negative equity
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 | 64 | weight 30% |
|---|---|---|
| Solidity | 0 | weight 25% |
| Liquidity | 33 | weight 15% |
| Growth | 50 | weight 15% |
| Consistency | 63 | weight 15% |
Durability: 36 (average over 2 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is SUBSEA INSULATION AS?
The operating margin was 5.2% in 2024, against a median of 4.6% among small companies in the same sector. Return on assets was 21.0%.
How solid is SUBSEA INSULATION AS?
The equity ratio was −11.7% in 2024 (median 52.2%). Equity is negative, so liabilities exceed assets.
What is the liquidity of SUBSEA INSULATION AS like?
The current ratio was 1.08 in 2024 (median 1.76).
How does SUBSEA INSULATION AS compare in Olje og gass?
SUBSEA INSULATION AS ranks 382 of 586 in Olje og gass for 2024. Among companies of the same size (small companies) it ranks 207 of 311. Revenue changed by 3.4% from the year before.
From the Central Coordinating Register
- Org. no.
- 913074661
- Legal form
- AS
- Sector
- Olje og gass (09.109)
- Size tier
- small
- Employees
- 0–4 (not registered)
- Founded
- 9 January 2014 12 years in operation
- Share capital
- 0.61 MNOK
- Business address
- Radøyvegen 719A, 5938 SÆBØVÅGEN (ALVER)
- Municipality
- Alver rank 12–24 of 27 in KOSTRA group 9
- 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
- Lasse Kåre Ståløy
- Chair of the board
- Olav Tungeland Jacobsen
- Board member
- Lasse Kåre Ståløy
- Auditor
- ERNST & YOUNG 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 | 30 | 41 | 36 | |
| Rank | 450 | 382 | 429 | |
| Operating margin | 3.1% | 5.2% | 0.8% | |
| Return on assets | 11.7% | 21.0% | 11.4% | |
| Equity ratio | −31.3% | −11.7% | −69.5% | |
| Current ratio | 1.10 | 1.08 | 2.71 | |
| Revenue growth | – | 3.4% | −54.2% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 8.5 MNOK | 8.8 MNOK | 4.0 MNOK |
| Operating profit | 0.3 MNOK | 0.5 MNOK | 0.0 MNOK |
| Profit before tax | 0.3 MNOK | 0.5 MNOK | 0.0 MNOK |
| Net profit | 0.3 MNOK | 0.5 MNOK | 0.0 MNOK |
| Financial expenses | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Total assets | 2.3 MNOK | 2.2 MNOK | 0.3 MNOK |
| Current assets | 2.3 MNOK | 2.2 MNOK | 0.3 MNOK |
| Equity | −0.7 MNOK | −0.3 MNOK | −0.2 MNOK |
| Retained earnings | −1.7 MNOK | −1.2 MNOK | −1.2 MNOK |
| Total liabilities | 3.0 MNOK | 2.4 MNOK | 0.5 MNOK |
| Current liabilities | 2.1 MNOK | 2.0 MNOK | 0.1 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 6207659.
Further
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