SUBSEAPARTNER AS
Score · fiscal year 2023
53of 100
How to read this: the company is ahead of 55 % of medium-sized companies in the same sector in 2023. What does this mean?
Rank: 141 of 326 · Olje og gass
Profile
Cheetah · Sprinter
High profitability, lower solidity
Position against comparable companies in 2023, not a verdict on the company. Based on profitability 71 and solidity 49 out of 100 among medium-sized companies in the same sector in 2023. Methodology
Against the sector
SUBSEAPARTNER AS is 2 points above the median for medium-sized companies in the same sector in 2023.
Median score 51 among 104 companies.
Against medium-sized companies in the same sector in 2023: operating margin 15.1% (median 7.4%) and equity ratio 24.2% (median 23.4%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 145 MNOK | 265 MNOK |
| Operating margin | 15.1% | 7.4% |
| Profit margin | 13.3% | 8.0% |
| Return on assets | 22.8% | 11.9% |
| Equity ratio | 24.2% | 23.4% |
| Debt-to-equity | 3.12 | 2.66 |
| Current ratio | 1.33 | 1.20 |
| Revenue growth | – | 15.0% |
| Revenue per employee | 8.07 MNOK | 4.25 MNOK |
The median and “ahead of” refer to medium-sized companies in the same sector in 2023. The bar shows the share of companies the figure is ahead of.
With an index of 53, SUBSEAPARTNER AS does better than 55% of medium-sized companies in the same sector (104 companies) in 2023.
Score 2023–2025
- SUBSEAPARTNER AS
- Median: medium-sized companies in the same sector
What the numbers say
SUBSEAPARTNER AS had an operating margin of 15.1% and an equity ratio of 24.2% in 2023, and ranks 141 of 326 in Olje og gass.
This text is generated automatically from the 2023 accounts.
Three simple methods
The methods give between 24 MNOK and 192 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 192 MNOK |
| EV/EBIT | 8.0 | 138 MNOK |
| P/B | 1.0 | 24 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 4.6% of the debt in 2023. The policy rate averaged 3.54 % 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 1.6%. 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 | 71 | weight 30% |
|---|---|---|
| Solidity | 49 | weight 25% |
| Liquidity | 56 | weight 15% |
| Growth | – | no data, left out |
| Consistency | 19 | weight 15% |
Index version 2. Data completeness 85%: the share of the weights that had data.
Questions and answers
How profitable is SUBSEAPARTNER AS?
The operating margin was 15.1% in 2023, against a median of 7.4% among medium-sized companies in the same sector. Return on assets was 22.8%.
How solid is SUBSEAPARTNER AS?
The equity ratio was 24.2% in 2023 (median 23.4%). Debt-to-equity was 3.12 (median 2.66).
What is the liquidity of SUBSEAPARTNER AS like?
The current ratio was 1.33 in 2023 (median 1.20).
How does SUBSEAPARTNER AS compare in Olje og gass?
SUBSEAPARTNER AS ranks 141 of 326 in Olje og gass for 2023. Among companies of the same size (medium-sized companies) it ranks 47 of 104.
Group accounts · 2025
22 of 100
Rank 1259 of 1354 groups with group accounts. Groups are ranked only against each other, not against single companies.
- Operating revenue, group
- 142 MNOK
- Operating profit, group
- 1 MNOK
- Profit before tax, group
- −4 MNOK
- Total assets, group
- 89 MNOK
- Equity, group
- 24 MNOK
| Key figure | The group | The company alone (2023) |
|---|---|---|
| Operating margin | 0.5% | – |
| Return on assets | 1.2% | – |
| Equity ratio | 27.3% | – |
| Current ratio | 1.11 | – |
| Revenue growth | −20.2% | – |
Group index in earlier years: 2023: 43 (1053 of 1757), 2024: 54 (572 of 1400).
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 1–6 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 29 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 | 53 | 53 | 28 | |
| Rank | 141 | 135 | 272 | |
| 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 4779555.
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