Subc3d AS
Score · fiscal year 2025
Not enough data: Revenue not reported
Based on the annual accounts for 2025
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating margin | – | 5.3% |
| Profit margin | – | 5.2% |
| Return on assets | −108.5% | 11.6% |
| Equity ratio | −4,719.1% | 36.5% |
| Debt-to-equity | – | 1.47 |
| Current ratio | 0.03 | 1.49 |
| Revenue growth | – | 7.1% |
The median and “ahead of” refer to companies in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
Score over time
Score over time needs at least two fiscal years with a score. It will appear when next year's figures are fetched or history is imported.
The industry or the company: what drove the result?
In 2024 the operating margin of Subc3d AS fell by 236.9 percentage points. Comparable companies rose by a median 0.0 points. So the company did 236.9 points weaker than the industry, for reasons of its own.
| Year | The company | Comparable (median) | Change, company | Change, industry | The company's own |
|---|---|---|---|---|---|
| 2024 | −274.1% | 5.8% | −236.9 percentage points | +0.0 percentage points | −236.9 percentage points |
Comparable companies are those in the same industry and Morning company class. Their change shows what hit the whole industry, the sector drivers below included. The rest is the company's own: contracts, costs, one-off items or operations. The share is approximate, and we claim no cause.
The company and its sector's drivers
Prices, rate and currency that shape the sector's year, year by year beside the operating margin of Subc3d AS. The figures stand side by side; we claim no cause.
Turnover index: architectural and engineering activities (indeks (2021 = 100))
Turnover index: architectural and engineering activities rose 14.5% in 2024; the operating margin of Subc3d AS fell 236.9 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Turnover index: architectural and engineering activities, annual average | 99.0 | 108.8 | 127.9 | 146.4 | 158.3 | 155.2 (so far) |
| Change from the year before | +9.8% | +9.9% | +17.5% | +14.5% | +8.1% | −1.9% |
| The company's operating margin | – | – | −37.2% | −274.1% | – | – |
Source: SSB (13863, CC BY 4.0). Source
Turnover index: advertising and market research (indeks (2021 = 100))
Turnover index: advertising and market research fell 1.3% in 2024; the operating margin of Subc3d AS fell 236.9 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Turnover index: advertising and market research, annual average | 99.4 | 113.5 | 108.3 | 106.9 | 110.7 | 126.1 (so far) |
| Change from the year before | +35.1% | +14.2% | −4.6% | −1.3% | +3.6% | +13.9% |
| The company's operating margin | – | – | −37.2% | −274.1% | – | – |
Source: SSB (13863, CC BY 4.0). Source
Turnover index: other professional and technical activities (indeks (2021 = 100))
Turnover index: other professional and technical activities fell 6.0% in 2024; the operating margin of Subc3d AS fell 236.9 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Turnover index: other professional and technical activities, annual average | 98.3 | 121.6 | 139.4 | 131.0 | 139.1 | 158.0 (so far) |
| Change from the year before | +29.9% | +23.7% | +14.6% | −6.0% | +6.2% | +13.6% |
| The company's operating margin | – | – | −37.2% | −274.1% | – | – |
Source: SSB (13863, CC BY 4.0). Source
Service prices: architects and engineering (indeks (2021 = 100))
Service prices: architects and engineering rose 3.4% in 2024; the operating margin of Subc3d AS fell 236.9 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Service prices: architects and engineering, annual average | 100.0 | 103.6 | 107.5 | 111.2 | 114.7 | 119.4 (so far) |
| Change from the year before | +1.2% | +3.5% | +3.8% | +3.4% | +3.2% | +4.2% |
| The company's operating margin | – | – | −37.2% | −274.1% | – | – |
Source: SSB (14335, CC BY 4.0). Source
Oil price (export price of crude oil) (kr per fat)
Oil price (export price of crude oil) fell 2.0% in 2024; the operating margin of Subc3d AS fell 236.9 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Oil price (export price of crude oil), annual average | 609 | 979 | 877 | 859 | 708 | 881 (so far) |
| Change from the year before | +61.1% | +60.8% | −10.5% | −2.0% | −17.6% | +24.5% |
| The company's operating margin | – | – | −37.2% | −274.1% | – | – |
Source: SSB (08799, CC BY 4.0). Source
Policy rate (prosent)
Policy rate rose 0.96 percentage points in 2024; the operating margin of Subc3d AS fell 236.9 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Policy rate, annual average | 0.08 | 1.32 | 3.54 | 4.50 | 4.30 | 4.17 (so far) |
| Change from the year before | −0.28 percentage points | +1.24 percentage points | +2.22 percentage points | +0.96 percentage points | −0.20 percentage points | −0.12 percentage points |
| The company's operating margin | – | – | −37.2% | −274.1% | – | – |
Source: Norges Bank (IR, NLOD 2.0). Source
EUR/NOK (kr)
EUR/NOK rose 1.8% in 2024; the operating margin of Subc3d AS fell 236.9 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| EUR/NOK, annual average | 10.16 | 10.10 | 11.42 | 11.62 | 11.72 | 11.04 (so far) |
| Change from the year before | −5.2% | −0.6% | +13.1% | +1.8% | +0.8% | −5.8% |
| The company's operating margin | – | – | −37.2% | −274.1% | – | – |
Source: Norges Bank (EXR, NLOD 2.0). Source
Wage index: architects and engineering (indeks)
Wage index: architects and engineering rose 5.2% in 2024; the operating margin of Subc3d AS fell 236.9 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Wage index: architects and engineering, annual average | 90.5 | 90.9 | 96.0 | 100.9 | 105.6 | 109.2 (so far) |
| Change from the year before | +7.4% | +0.5% | +5.6% | +5.2% | +4.7% | +3.4% |
| The company's operating margin | – | – | −37.2% | −274.1% | – | – |
Source: SSB (12314, CC BY 4.0). Source
We show the drivers and the margin side by side and claim no cause. Sensitivity per company is not computed until we have at least 10 years of accounts per company: with three years such figures are false precision.
What the numbers say
Subc3d AS had an equity ratio of −4,719.1% in 2025. The company is not ranked: revenue not reported.
From 2024 to 2025: the equity ratio fell from −2,355.8% to −4,719.1%.
This text is generated automatically from the 2025 accounts.
Three simple methods
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 18.6 | not meaningful |
| EV/EBIT | 15.9 | not meaningful |
| P/B | 3.2 | not meaningful |
A mechanical estimate from public accounts, not advice. A mechanical estimate from public accounts with listed multiples and fixed adjustments. Not a valuation and not advice to buy or sell. 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 −4,719.1% (median 36.5%).
- critical
Consider strengthening liquidity: current liabilities are 34.4 times current assets.
Based on: Current ratio 0.03 (median 1.49).
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin – (median 5.2%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 0.0% of the debt in 2025. The policy rate averaged 4.30 % 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
- watch Revenue not reported
- critical Negative equity
Scenario analysis: the sector's weakest year
We have no accounts for 2021, the sector's weakest year, for this company.
The sector's weakest year was 2021, with a median operating margin of −0.2%. Based on the 8 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
Questions and answers
How profitable is Subc3d AS?
The operating margin was – in 2025, against a median of 5.3% among companies in the same sector. Return on assets was −108.5%. The company made a loss before tax.
How solid is Subc3d AS?
The equity ratio was −4,719.1% in 2025 (median 36.5%). Equity is negative, so liabilities exceed assets.
What is the liquidity of Subc3d AS like?
The current ratio was 0.03 in 2025 (median 1.49). Current assets did not cover current liabilities.
From the Central Coordinating Register
- Org. no.
- 917471436
- Legal form
- AS
- Sector
- Teknisk tjenesteyting og forskning (71.122)
- Employees
- 0–4 (not registered)
- Founded
- 21 June 2016 10 years in operation
- Share capital
- 0.12 MNOK
- Business address
- c/o Kåre Olav Krogenes, Fjæragata 6, 5521 HAUGESUND
- Municipality
- Haugesund rank 1–6 of 13 in KOSTRA group 10
- Audit
- Audit opted out from 14 July 2016
- 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
Loading roles …
Source: Central Coordinating Register, fetched 2 November 2026. Only names are shown.
Shareholders (2025)
- Number of shareholders
- 2
- Largest owner
- 50.0%
- Split
- companies 100% · private persons 0% · foreign 50%
- Owned from the same municipality
- 100%
- Corona Holdings II NV (Netherlands) · 50.0%
- Viewpoint Seafood AS · 50.0%
The company is new in the shareholder register in 2025.
Source: the Norwegian Tax Administration's shareholder register as of 2025. Figures may be older than today's ownership. Private persons are not shown by name.
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 31 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 3 | – | – | |
| Rank | 3,818 | – | – | |
| Operating margin | −37.2% | −274.1% | – | |
| Return on assets | −60.2% | −632.3% | −108.5% | |
| Equity ratio | −238.2% | −2,355.8% | −4,719.1% | |
| Current ratio | 0.33 | 0.05 | 0.03 | |
| Revenue growth | – | −80.3% | – |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 1.7 MNOK | 0.3 MNOK | – |
| Operating profit | −0.6 MNOK | −0.9 MNOK | −0.1 MNOK |
| Profit before tax | −0.6 MNOK | −0.9 MNOK | −0.1 MNOK |
| Tax expense | 0.0 MNOK | – | – |
| Net profit | −0.6 MNOK | −0.9 MNOK | −0.1 MNOK |
| Financial expenses | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Total assets | 1.0 MNOK | 0.1 MNOK | 0.1 MNOK |
| Current assets | 0.9 MNOK | 0.1 MNOK | 0.1 MNOK |
| Equity | −2.4 MNOK | −3.3 MNOK | −3.4 MNOK |
| Retained earnings | −11.9 MNOK | −12.8 MNOK | −12.8 MNOK |
| Total liabilities | 3.5 MNOK | 3.5 MNOK | 3.5 MNOK |
| Current liabilities | 2.8 MNOK | 2.8 MNOK | 2.5 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 31 October 2026, accounts id 6937592.