SUB SEA SERVICES AS
Score · fiscal year 2024
53of 100
How to read this: the company is ahead of 62 % of medium-sized companies in the same sector in 2024. What does this mean?
Rank: 248 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 83 and solidity 34 out of 100 among medium-sized companies in the same sector in 2024. Methodology
Against the sector
SUB SEA SERVICES AS is 7 points above the median for medium-sized companies in the same sector in 2024.
Median score 46 among 167 companies.
Against medium-sized companies in the same sector in 2024: operating margin 19.8% (median 6.2%) and equity ratio 28.4% (median 36.8%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 326 MNOK | 262 MNOK |
| Operating margin | 19.8% | 6.2% |
| Profit margin | 19.2% | 8.3% |
| Return on assets | 41.9% | 9.2% |
| Equity ratio | 28.4% | 36.8% |
| Debt-to-equity | 2.52 | 1.32 |
| Current ratio | 1.19 | 1.27 |
| Revenue growth | 1.0% | 14.0% |
| Revenue per employee | 4.53 MNOK | 4.05 MNOK |
The median and “ahead of” refer to medium-sized companies in the same sector in 2024. The bar shows the share of companies the figure is ahead of.
With an index of 53, SUB SEA SERVICES AS does better than 62% of medium-sized companies in the same sector (167 companies) in 2024.
Score 2023–2025
- SUB SEA SERVICES AS
- Median: medium-sized companies in the same sector
What the numbers say
SUB SEA SERVICES AS had an operating margin of 19.8% and an equity ratio of 28.4% in 2024, and ranks 248 of 586 in Olje og gass.
No large changes in the key figures from 2023 to 2024.
This text is generated automatically from the 2024 accounts.
Three simple methods
The methods give between 64 MNOK and 532 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 447 MNOK |
| EV/EBIT | 8.0 | 532 MNOK |
| P/B | 1.0 | 64 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
No rules were triggered for this year.
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 19.7% of the debt in 2024. The policy rate averaged 4.50 % the same year. This is a plain description of what the debt cost, not a model of interest sensitivity.
See interest rates, prices and exchange rates for the sector
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 | 83 | weight 30% |
|---|---|---|
| Solidity | 34 | weight 25% |
| Liquidity | 44 | weight 15% |
| Growth | 28 | weight 15% |
| Consistency | 56 | weight 15% |
Durability: 58 (average over 2 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is SUB SEA SERVICES AS?
The operating margin was 19.8% in 2024, against a median of 6.2% among medium-sized companies in the same sector. Return on assets was 41.9%.
How solid is SUB SEA SERVICES AS?
The equity ratio was 28.4% in 2024 (median 36.8%). Debt-to-equity was 2.52 (median 1.32).
What is the liquidity of SUB SEA SERVICES AS like?
The current ratio was 1.19 in 2024 (median 1.27).
How does SUB SEA SERVICES AS compare in Olje og gass?
SUB SEA SERVICES AS ranks 248 of 586 in Olje og gass for 2024. Among companies of the same size (medium-sized companies) it ranks 64 of 167. Revenue changed by 1.0% from the year before.
Group accounts
The company is registered as part of a group, but we have no group accounts for it. Group accounts are filed by the parent company, and open data does not say which company that is.
Read the figures with care: a company in a group can look strong because of group contributions, or weak because dividends go up to the parent. The figures are indications, not the full picture.
We do not show the group structure, because open data does not say who owns whom.
From the Central Coordinating Register
- Org. no.
- 982734150
- Legal form
- AS · part of a group
- Sector
- Olje og gass (09.109)
- Size tier
- medium
- Employees
- 72 registered 10 September 2026
- Founded
- 29 November 2000 25 years in operation
- Share capital
- 0.60 MNOK
- Business address
- Finnestadsvingen 24, 4029 STAVANGER
- Municipality
- Stavanger rank 5–9 of 11 in KOSTRA group 12
- 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
- Jostein Kvamme
- Chair of the board
- Nils Arne Sølvik
- Board member
- Even Skov Bakkemyr
- Board member
- Kamilla Dreiem Kvamme
- Auditor
- BDO 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 | 63 | 53 | 51 | |
| Rank | 135 | 248 | 267 | |
| Operating margin | 18.5% | 19.8% | 21.2% | |
| Return on assets | 27.0% | 41.9% | 23.6% | |
| Equity ratio | 30.6% | 28.4% | 31.3% | |
| Current ratio | 1.27 | 1.19 | 1.03 | |
| Revenue growth | – | 1.0% | −12.1% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 323.0 MNOK | 326.2 MNOK | 286.8 MNOK |
| Operating profit | 59.6 MNOK | 64.5 MNOK | 60.8 MNOK |
| Profit before tax | 57.9 MNOK | 62.7 MNOK | 64.4 MNOK |
| Net profit | 44.4 MNOK | 44.7 MNOK | 50.2 MNOK |
| Financial expenses | 12.2 MNOK | 31.8 MNOK | 6.8 MNOK |
| Total assets | 259.3 MNOK | 225.7 MNOK | 301.4 MNOK |
| Current assets | 226.9 MNOK | 175.4 MNOK | 195.2 MNOK |
| Equity | 79.4 MNOK | 64.1 MNOK | 94.3 MNOK |
| Retained earnings | 60.3 MNOK | 45.1 MNOK | 75.3 MNOK |
| Total liabilities | 179.9 MNOK | 161.6 MNOK | 207.1 MNOK |
| Current liabilities | 178.6 MNOK | 147.2 MNOK | 189.9 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 6167861.
Further
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