SUBMARA HOLDING AS
Score · fiscal year 2025
57of 100
How to read this: the company is ahead of 65 % of small companies in the same sector in 2025. What does this mean?
Rank: 11,383 of 32,582 · Bygg og anlegg
Profile
Lion · Leader
High profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 57 and solidity 71 out of 100 among small companies in the same sector in 2025. Methodology
Against the sector
SUBMARA HOLDING AS is 7 points above the median for small companies in the same sector in 2025.
Median score 50 among 31,472 companies.
Against small companies in the same sector in 2025: operating margin 2.0% (median 3.7%) and equity ratio 64.3% (median 36.5%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 19 MNOK | 3 MNOK |
| Operating margin | 2.0% | 3.7% |
| Profit margin | 327.9% | 3.4% |
| Return on assets | 16.9% | 5.7% |
| Equity ratio | 64.3% | 36.5% |
| Debt-to-equity | 0.55 | 1.20 |
| Current ratio | 0.85 | 1.45 |
| Revenue growth | 84.1% | 3.0% |
| Revenue per employee | 2.15 MNOK | 1.46 MNOK |
The median and “ahead of” refer to small companies in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 57, SUBMARA HOLDING AS does better than 65% of small companies in the same sector (31,720 companies) in 2025.
Score 2023–2025
- SUBMARA HOLDING AS
- Median: small companies in the same sector
SUBMARA HOLDING AS has a score of 57 for 2025, rank 11,383 of 32,582 in the sector.
Strongest: Growth: percentile 89 against peers, revenue growth 84.1% against a median of 3.0%. Solidity: percentile 71 against peers, equity ratio 64.3% against a median of 36.5%.
Weakest: Liquidity: percentile 23 against peers, current ratio 0.85 against a median of 1.45. Consistency: percentile 39 against peers.
Worth a closer look
- Consider strengthening liquidity: current liabilities are 1.2 times current assets. Based on: current ratio 0.85 (median 1.45).
- Strong growth with weak liquidity. Is the growth financed, or does it tie up capital the company does not have? Based on: revenue growth 84.1% (median 3.0%); current ratio 0.85 (median 1.45).
- What lies behind weak consistency, and will it last?
Written by fixed rules from the figures. Describes the figures, does not explain causes. Not investment or financial advice. How the summary is made
What the numbers say
SUBMARA HOLDING AS had an operating margin of 2.0% and an equity ratio of 64.3% in 2025, and ranks 11,383 of 32,582 in Bygg og anlegg.
From 2024 to 2025: revenue grew by 84% and the operating margin fell from 11.1% to 2.0%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 3 MNOK and 540 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 540 MNOK |
| EV/EBIT | 8.0 | 3 MNOK |
| P/B | 1.0 | 261 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
- watch
Consider strengthening liquidity: current liabilities are 1.2 times current assets.
Based on: Current ratio 0.85 (median 1.45).
- 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 84.1% (median 3.0%); Current ratio 0.85 (median 1.45).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 3.5% 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.
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 2.5%. Based on the 10 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 57 | weight 30% |
|---|---|---|
| Solidity | 71 | weight 25% |
| Liquidity | 23 | weight 15% |
| Growth | 89 | weight 15% |
| Consistency | 39 | weight 15% |
Durability: 50 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is SUBMARA HOLDING AS?
The operating margin was 2.0% in 2025, against a median of 3.7% among small companies in the same sector. Return on assets was 16.9%.
How solid is SUBMARA HOLDING AS?
The equity ratio was 64.3% in 2025 (median 36.5%). Debt-to-equity was 0.55 (median 1.20).
What is the liquidity of SUBMARA HOLDING AS like?
The current ratio was 0.85 in 2025 (median 1.45). Current assets did not cover current liabilities.
How does SUBMARA HOLDING AS compare in Bygg og anlegg?
SUBMARA HOLDING AS ranks 11,383 of 32,582 in Bygg og anlegg for 2025. Among companies of the same size (small companies) it ranks 11,020 of 31,720. Revenue changed by 84.1% from the year before.
From the Central Coordinating Register
- Org. no.
- 927575361
- Legal form
- AS
- Sector
- Bygg og anlegg (42.210)
- Size tier
- small
- Employees
- 9 registered 10 August 2026
- Founded
- 5 July 2021 5 years in operation
- Share capital
- 0.04 MNOK
- Business address
- Åsveien 8, 3475 SÆTRE (ASKER)
- Municipality
- Asker rank 2 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
- Håkon Helmersen
- Chair of the board
- Jørgen Evensen
- Board member
- Fredrik Holen Breiby
- Board member
- Olav Erik Hagen
- Board member
- Espen Stenumgård
- Board member
- Kristin Melsnes
- Board member
- Karoline Evianne Holm-Helland
- Auditor
- FORVIS MAZARS AS
- Accountant
- ENORA 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 27 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 35 | 57 | 57 | |
| Rank | 20,862 | 11,303 | 11,383 | |
| Operating margin | – | 11.1% | 2.0% | |
| Return on assets | 0.0% | 4.5% | 16.9% | |
| Equity ratio | 81.3% | 78.6% | 64.3% | |
| Current ratio | 0.47 | 1.04 | 0.85 | |
| Revenue growth | – | – | 84.1% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | – | 10.5 MNOK | 19.4 MNOK |
| Operating profit | −0.8 MNOK | 1.2 MNOK | 0.4 MNOK |
| Profit before tax | −0.5 MNOK | 9.1 MNOK | 63.5 MNOK |
| Net profit | −1.8 MNOK | 9.1 MNOK | 54.0 MNOK |
| Financial expenses | 0.5 MNOK | 3.1 MNOK | 5.1 MNOK |
| Total assets | 181.5 MNOK | 272.1 MNOK | 405.7 MNOK |
| Current assets | 16.0 MNOK | 60.9 MNOK | 123.5 MNOK |
| Equity | 147.6 MNOK | 213.7 MNOK | 260.9 MNOK |
| Retained earnings | −6.9 MNOK | 2.3 MNOK | 49.5 MNOK |
| Total liabilities | 33.9 MNOK | 58.4 MNOK | 144.7 MNOK |
| Current liabilities | 33.9 MNOK | 58.3 MNOK | 144.7 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 27 October 2026, accounts id 7074608.
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