SEAWORKS KABEL AS
Score · fiscal year 2025
38of 100
How to read this: the company is ahead of 26 % of medium-sized companies in the same sector in 2025. What does this mean?
Rank: 16,176 of 23,263 · Bygg og anlegg
Profile
Elephant · Steward
Lower profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 20 and solidity 60 out of 100 among medium-sized companies in the same sector in 2025. Methodology
Against the sector
SEAWORKS KABEL AS is 11 points below the median for medium-sized companies in the same sector in 2025.
Median score 49 among 492 companies.
Against medium-sized companies in the same sector in 2025: operating margin 1.1% (median 4.3%) and equity ratio 38.9% (median 33.2%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 214 MNOK | 170 MNOK |
| Operating margin | 1.1% | 4.3% |
| Profit margin | −2.5% | 4.5% |
| Return on assets | 1.3% | 10.0% |
| Equity ratio | 38.9% | 33.2% |
| Debt-to-equity | 1.57 | 2.01 |
| Current ratio | 0.84 | 1.37 |
| Revenue growth | 50.8% | 7.7% |
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 38, SEAWORKS KABEL AS does better than 26% of medium-sized companies in the same sector (498 companies) in 2025.
Score 2023–2025
- SEAWORKS KABEL AS
- Median: medium-sized companies in the same sector
What the numbers say
SEAWORKS KABEL AS had an operating margin of 1.1% and an equity ratio of 38.9% in 2025, and ranks 16,176 of 23,263 in Bygg og anlegg.
From 2024 to 2025: revenue grew by 51% and the operating margin rose from −3.7% to 1.1%.
This text is generated automatically from the 2025 accounts.
Three simple methods
One method gives a figure: 94 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | debt above value |
| P/B | 1.0 | 94 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
Consider strengthening liquidity: current liabilities are 1.2 times current assets.
Based on: Current ratio 0.84 (median 1.37).
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −2.5% (median 4.5%).
- watch
The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors?
Based on: Operating margin 1.1% (median 4.3%).
- watch
Strong growth with weak liquidity. Is the growth financed, or does it tie up capital the company does not have?
Based on: Revenue growth 50.8% (median 7.7%); Current ratio 0.84 (median 1.37).
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 2.1%. Based on the 10 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 20 | weight 30% |
|---|---|---|
| Solidity | 60 | weight 25% |
| Liquidity | 10 | weight 15% |
| Growth | 84 | weight 15% |
| Consistency | 22 | weight 15% |
Durability: 42 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is SEAWORKS KABEL AS?
The operating margin was 1.1% in 2025, against a median of 4.3% among medium-sized companies in the same sector. Return on assets was 1.3%. The company made a loss before tax.
How solid is SEAWORKS KABEL AS?
The equity ratio was 38.9% in 2025 (median 33.2%). Debt-to-equity was 1.57 (median 2.01).
What is the liquidity of SEAWORKS KABEL AS like?
The current ratio was 0.84 in 2025 (median 1.37). Current assets did not cover current liabilities.
How does SEAWORKS KABEL AS compare in Bygg og anlegg?
SEAWORKS KABEL AS ranks 16,176 of 23,263 in Bygg og anlegg for 2025. Among companies of the same size (medium-sized companies) it ranks 367 of 498. Revenue changed by 50.8% from the year before.
From the Central Coordinating Register
- Org. no.
- 916358091
- Legal form
- AS
- Sector
- Bygg og anlegg (42.221)
- Size tier
- medium
- Employees
- 0–4 (not registered)
- Founded
- 18 September 2015 11 years in operation
- Share capital
- 1.24 MNOK
- Business address
- Langnesveien 18, 9408 HARSTAD
- Municipality
- Harstad rank 10–23 of 27 in KOSTRA group 9
- Latest accounts filed
- 2025
- Website
- WWW.seaworks.no
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
- Runar Mørch
- Chair of the board
- Øyvind Vedal Grøttheim
- Board member
- Guro Høyaas Løken
- Board member
- Robert Arnfinn Tønne
- Board member
- Geir-Olav Skogstad
- Board member
- Natalie Eleonora Franzen
- Auditor
- CEDRA NORGE AS
- Accountant
- AIDER 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 | 59 | 28 | 38 | |
| Rank | 6,739 | 17,574 | 16,176 | |
| Operating margin | 7.0% | −3.7% | 1.1% | |
| Return on assets | 5.4% | −2.0% | 1.3% | |
| Equity ratio | 47.9% | 39.4% | 38.9% | |
| Current ratio | 1.15 | 1.06 | 0.84 | |
| Revenue growth | – | −19.8% | 50.8% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 176.6 MNOK | 141.7 MNOK | 213.8 MNOK |
| Operating profit | 12.4 MNOK | −5.3 MNOK | 2.3 MNOK |
| Profit before tax | 7.6 MNOK | −12.3 MNOK | −5.4 MNOK |
| Net profit | 7.6 MNOK | −12.3 MNOK | −5.4 MNOK |
| Financial expenses | 5.0 MNOK | 7.4 MNOK | 8.6 MNOK |
| Total assets | 232.2 MNOK | 250.9 MNOK | 240.3 MNOK |
| Current assets | 62.7 MNOK | 52.9 MNOK | 57.1 MNOK |
| Equity | 111.2 MNOK | 98.9 MNOK | 93.5 MNOK |
| Retained earnings | 58.3 MNOK | 46.0 MNOK | 40.7 MNOK |
| Total liabilities | 121.0 MNOK | 152.0 MNOK | 146.8 MNOK |
| Current liabilities | 54.5 MNOK | 49.8 MNOK | 67.6 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 7188673.
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