ÅLESUND SUBSEA AS
Score · fiscal year 2024
21of 100
How to read this: the company is ahead of 13 % of small companies in the same sector in 2024. What does this mean?
Rank: 529 of 586 · Olje og gass
Profile
Beaver · Builder
Lower profitability, lower solidity
Position against comparable companies in 2024, not a verdict on the company. Based on profitability 18 and solidity 0 out of 100 among small companies in the same sector in 2024. Methodology
Against the sector
ÅLESUND SUBSEA AS is 29 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 −10.3% (median 4.6%) and equity ratio −218.7% (median 52.2%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 1 MNOK | 3 MNOK |
| Operating margin | −10.3% | 4.6% |
| Profit margin | −10.8% | 10.2% |
| Return on assets | −128.7% | 3.7% |
| Equity ratio | −218.7% | 52.2% |
| Debt-to-equity | – | 0.42 |
| Current ratio | 0.31 | 1.76 |
| Revenue growth | 38.2% | 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 21, ÅLESUND SUBSEA AS does better than 13% of small companies in the same sector (311 companies) in 2024.
Score 2023–2025
- ÅLESUND SUBSEA AS
- Median: small companies in the same sector
What the numbers say
ÅLESUND SUBSEA AS had an operating margin of −10.3% and an equity ratio of −218.7% in 2024, and ranks 529 of 586 in Olje og gass.
From 2023 to 2024: the equity ratio fell from −74.7% to −218.7% and revenue grew by 38%.
This text is generated automatically from the 2024 accounts.
Three simple methods
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | not meaningful |
| 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 −218.7% (median 52.2%).
- critical
Consider strengthening liquidity: current liabilities are 3.2 times current assets.
Based on: Current ratio 0.31 (median 1.76).
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −10.8% (median 10.2%).
- 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 38.2% (median 3.9%); Current ratio 0.31 (median 1.76).
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 | 18 | weight 30% |
|---|---|---|
| Solidity | 0 | weight 25% |
| Liquidity | 13 | weight 15% |
| Growth | 80 | weight 15% |
| Consistency | 13 | weight 15% |
Durability: 18 (average over 2 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is ÅLESUND SUBSEA AS?
The operating margin was −10.3% in 2024, against a median of 4.6% among small companies in the same sector. Return on assets was −128.7%. The company made a loss before tax.
How solid is ÅLESUND SUBSEA AS?
The equity ratio was −218.7% in 2024 (median 52.2%). Equity is negative, so liabilities exceed assets.
What is the liquidity of ÅLESUND SUBSEA AS like?
The current ratio was 0.31 in 2024 (median 1.76). Current assets did not cover current liabilities.
How does ÅLESUND SUBSEA AS compare in Olje og gass?
ÅLESUND SUBSEA AS ranks 529 of 586 in Olje og gass for 2024. Among companies of the same size (small companies) it ranks 270 of 311. Revenue changed by 38.2% from the year before.
From the Central Coordinating Register
- Org. no.
- 918666443
- Legal form
- AS
- Sector
- Olje og gass (09.109)
- Size tier
- small
- Employees
- 0–4 (not registered)
- Founded
- 1 January 2017 9 years in operation
- Share capital
- 0.03 MNOK
- Business address
- Trollhaugane 62, 6050 VALDERØYA (GISKE)
- Municipality
- Giske rank 12 of 40 in KOSTRA group 1
- Audit
- Audit opted out from 8 March 2017
- 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
- Svein Tømmerdal
- Chair of the board
- Svein Tømmerdal
- Accountant
- MOTREGN 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 | 15 | 21 | 22 | |
| Rank | 520 | 529 | 525 | |
| Operating margin | −2.7% | −10.3% | −9.9% | |
| Return on assets | −20.8% | −128.7% | −123.6% | |
| Equity ratio | −74.7% | −218.7% | −314.4% | |
| Current ratio | 0.57 | 0.31 | 0.24 | |
| Revenue growth | – | 38.2% | 16.0% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 0.9 MNOK | 1.3 MNOK | 1.5 MNOK |
| Operating profit | 0.0 MNOK | −0.1 MNOK | −0.1 MNOK |
| Profit before tax | 0.0 MNOK | −0.1 MNOK | −0.2 MNOK |
| Net profit | 0.0 MNOK | −0.1 MNOK | −0.2 MNOK |
| Financial expenses | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Total assets | 0.1 MNOK | 0.1 MNOK | 0.1 MNOK |
| Current assets | 0.1 MNOK | 0.1 MNOK | 0.1 MNOK |
| Equity | −0.1 MNOK | −0.2 MNOK | −0.4 MNOK |
| Retained earnings | −0.1 MNOK | −0.2 MNOK | −0.4 MNOK |
| Total liabilities | 0.2 MNOK | 0.3 MNOK | 0.5 MNOK |
| Current liabilities | 0.2 MNOK | 0.3 MNOK | 0.5 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 6326249.
Further
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