Sevan Deepwater Technology AS
Score · fiscal year 2024
44of 100
How to read this: the company is ahead of 34 % of companies in the Morning class Medium in the same sector in 2024. What does this mean?
Rank in the Morning class Medium: 332 of 504 · What are Morning company classes?
Place in the whole sector: 2,412 of 3,851 · Teknisk tjenesteyting og forskning
Profile
Elephant · Steward
Lower profitability, high solidity
Position against comparable companies in 2024, not a verdict on the company. Based on profitability 19 and solidity 61 out of 100 among companies in the Morning class Medium in the same sector in 2024. Methodology
Against the sector
Sevan Deepwater Technology AS is 7 points below the median for companies in the Morning class Medium in the same sector in 2024.
Median score 51 among 504 companies.
Against companies in the Morning class Medium in the same sector in 2024: operating margin −0.7% (median 5.3%) and equity ratio 38.5% (median 30.7%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 63 MNOK | 96 MNOK |
| Operating margin | −0.7% | 5.3% |
| Profit margin | −0.9% | 5.9% |
| Return on assets | 0.3% | 12.8% |
| Equity ratio | 38.5% | 30.7% |
| Debt-to-equity | 1.60 | 2.12 |
| Current ratio | 2.68 | 1.30 |
| Revenue growth | 10.9% | 8.3% |
| Revenue per employee | 1.98 MNOK | 2.77 MNOK |
The median and “ahead of” refer to companies in the Morning class Medium in the same sector in 2024. The bar shows the share of companies the figure is ahead of.
With an index of 44, Sevan Deepwater Technology AS does better than 34% of companies in the Morning class Medium in the same sector (504 companies) in 2024.
Score 2023–2025
- Sevan Deepwater Technology AS
- Median: companies in the Morning class Medium in the same sector
What the numbers say
Sevan Deepwater Technology AS had an operating margin of −0.7% and an equity ratio of 38.5% in 2024, and ranks 2,412 of 3,851 in Teknisk tjenesteyting og forskning.
From 2023 to 2024: the operating margin rose from −11.0% to −0.7% and the equity ratio fell from 50.5% to 38.5%.
This text is generated automatically from the 2024 accounts.
Three simple methods
One method gives a figure: 29 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 18.6 | not meaningful |
| EV/EBIT | 15.9 | not meaningful |
| P/B | 3.2 | 29 MNOK |
The listed basis is the value at listed multiples. The estimate is lowered by 51% for an unlisted company: 20% for lack of marketability and 38% for size (a small-company premium of 4% on the cost of equity).
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
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −0.9% (median 5.9%).
- 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 −0.7% (median 5.3%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 2.4% 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 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
What the score is made of
| Profitability | 19 | weight 30% |
|---|---|---|
| Solidity | 61 | weight 25% |
| Liquidity | 90 | weight 15% |
| Growth | 54 | weight 15% |
| Consistency | 12 | weight 15% |
Durability: 44 (average over 2 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Sevan Deepwater Technology AS?
The operating margin was −0.7% in 2024, against a median of 5.3% among companies in the Morning class Medium in the same sector. Return on assets was 0.3%. The company made a loss before tax.
How solid is Sevan Deepwater Technology AS?
The equity ratio was 38.5% in 2024 (median 30.7%). Debt-to-equity was 1.60 (median 2.12).
What is the liquidity of Sevan Deepwater Technology AS like?
The current ratio was 2.68 in 2024 (median 1.30).
How does Sevan Deepwater Technology AS compare in Teknisk tjenesteyting og forskning?
Sevan Deepwater Technology AS ranks 2,412 of 3,851 in Teknisk tjenesteyting og forskning for 2024. Among companies in the Morning class Medium it is number 332 of 504. Revenue changed by 10.9% from the year before.
From the Central Coordinating Register
- Org. no.
- 920039952
- Legal form
- AS
- Sector
- Teknisk tjenesteyting og forskning (71.129)
- Morning company class
- Medium
- Employees
- 32 registered 10 September 2026
- Founded
- 29 November 2017 8 years in operation
- Share capital
- 0.03 MNOK
- Business address
- Fantoftvegen 2, 5072 BERGEN
- Municipality
- Bergen rank 8 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
Loading roles …
Source: Central Coordinating Register, fetched 7 November 2026. Only names are shown.
Shareholders (2025)
- Number of shareholders
- 1 (one owner)
- Largest owner
- 100.0%
- Split
- companies 100% · private persons 0% · foreign 100%
- Group chain
- Ultimate owner: Seatrium LIMITED
- Seatrium LIMITED (Singapore) · 100.0%
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 4 November 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 45 | 44 | 3 | |
| Rank | 2,199 | 2,412 | 3,916 | |
| Operating margin | −11.0% | −0.7% | −71.5% | |
| Return on assets | −15.2% | 0.3% | −72.4% | |
| Equity ratio | 50.5% | 38.5% | −22.9% | |
| Current ratio | 2.61 | 2.68 | 0.66 | |
| Revenue growth | – | 10.9% | −44.2% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 57.0 MNOK | 63.2 MNOK | 35.3 MNOK |
| Operating profit | −6.3 MNOK | −0.4 MNOK | −25.2 MNOK |
| Profit before tax | −6.0 MNOK | −0.6 MNOK | −26.5 MNOK |
| Tax expense | −1.3 MNOK | −0.1 MNOK | 0.0 MNOK |
| Net profit | −4.7 MNOK | −0.5 MNOK | −26.5 MNOK |
| Financial expenses | 0.3 MNOK | 0.7 MNOK | 1.4 MNOK |
| Total assets | 37.5 MNOK | 48.3 MNOK | 34.7 MNOK |
| Current assets | 28.4 MNOK | 27.0 MNOK | 17.4 MNOK |
| Equity | 19.0 MNOK | 18.6 MNOK | −7.9 MNOK |
| Retained earnings | 1.0 MNOK | 0.6 MNOK | – |
| Total liabilities | 18.6 MNOK | 29.7 MNOK | 42.6 MNOK |
| Current liabilities | 10.9 MNOK | 10.1 MNOK | 26.5 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 4 November 2026, accounts id 5598605.
Further
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