SUB AQUA TECHNOLOGY SAT AS
Score · fiscal year 2024
37of 100
How to read this: the company is ahead of 28 % of small companies in the same sector in 2024. What does this mean?
Rank: 434 of 586 · Olje og gass
Profile
Elephant · Steward
Lower profitability, high solidity
Position against comparable companies in 2024, not a verdict on the company. Based on profitability 17 and solidity 75 out of 100 among small companies in the same sector in 2024. Methodology
Against the sector
SUB AQUA TECHNOLOGY SAT AS is 13 points below the median for small companies in the same sector in 2024.
Median score 50 among 310 companies.
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 0 MNOK | 3 MNOK |
| Operating margin | – | 4.6% |
| Profit margin | – | 10.2% |
| Return on assets | −11.8% | 3.7% |
| Equity ratio | 91.6% | 52.2% |
| Debt-to-equity | 0.09 | 0.42 |
| Current ratio | 1.06 | 1.76 |
| Revenue growth | −116.4% | 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 37, SUB AQUA TECHNOLOGY SAT AS does better than 28% of small companies in the same sector (311 companies) in 2024.
Score 2023–2025
- SUB AQUA TECHNOLOGY SAT AS
- Median: small companies in the same sector
What the numbers say
SUB AQUA TECHNOLOGY SAT AS had an operating margin of – and an equity ratio of 91.6% in 2024, and ranks 434 of 586 in Olje og gass.
From 2023 to 2024: revenue fell by 116% and went from a profit to a loss before tax.
This text is generated automatically from the 2024 accounts.
Three simple methods
One method gives a figure: 6 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | 6 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
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin – (median 10.2%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
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 1.5%. 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 | 17 | weight 30% |
|---|---|---|
| Solidity | 75 | weight 25% |
| Liquidity | 31 | weight 15% |
| Growth | 0 | weight 15% |
| Consistency | 55 | weight 15% |
Durability: 50 (average over 2 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is SUB AQUA TECHNOLOGY SAT AS?
The operating margin was – in 2024, against a median of 4.6% among small companies in the same sector. Return on assets was −11.8%. The company made a loss before tax.
How solid is SUB AQUA TECHNOLOGY SAT AS?
The equity ratio was 91.6% in 2024 (median 52.2%). Debt-to-equity was 0.09 (median 0.42).
What is the liquidity of SUB AQUA TECHNOLOGY SAT AS like?
The current ratio was 1.06 in 2024 (median 1.76).
How does SUB AQUA TECHNOLOGY SAT AS compare in Olje og gass?
SUB AQUA TECHNOLOGY SAT AS ranks 434 of 586 in Olje og gass for 2024. Among companies of the same size (small companies) it ranks 225 of 311. Revenue changed by −116.4% from the year before.
From the Central Coordinating Register
- Org. no.
- 937469217
- Legal form
- AS
- Sector
- Olje og gass (09.109)
- Size tier
- small
- Employees
- 0–4 (not registered)
- Founded
- 21 October 1985 41 years in operation
- Share capital
- 0.10 MNOK
- Business address
- Forskjønnelsen 8, 5022 BERGEN
- Municipality
- Bergen rank 8 of 11 in KOSTRA group 12
- Audit
- Audit opted out from 26 November 2018
- 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
- Chair of the board
- John Geir Hestenes
- Deputy member
- Ådne Olaf Hestenes
- Accountant
- OLE MOEN BERGEN 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 | 64 | 37 | 52 | |
| Rank | 127 | 434 | 249 | |
| Operating margin | 2.9% | – | −24.7% | |
| Return on assets | 3.9% | −11.8% | 2.2% | |
| Equity ratio | 96.2% | 91.6% | 97.5% | |
| Current ratio | 1.25 | 1.06 | 0.67 | |
| Revenue growth | – | −116.4% | – |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 1.1 MNOK | −0.2 MNOK | 1.2 MNOK |
| Operating profit | 0.0 MNOK | −1.1 MNOK | −0.3 MNOK |
| Profit before tax | 0.3 MNOK | −0.8 MNOK | 0.1 MNOK |
| Net profit | 0.1 MNOK | −0.8 MNOK | 0.1 MNOK |
| Financial expenses | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Total assets | 7.2 MNOK | 6.7 MNOK | 6.4 MNOK |
| Current assets | 0.3 MNOK | 0.4 MNOK | 0.1 MNOK |
| Equity | 6.9 MNOK | 6.1 MNOK | 6.3 MNOK |
| Retained earnings | 6.8 MNOK | 6.0 MNOK | 6.2 MNOK |
| Total liabilities | 0.3 MNOK | 0.6 MNOK | 0.2 MNOK |
| Current liabilities | 0.3 MNOK | 0.3 MNOK | 0.2 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 6199151.
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