CONNECTOR SUBSEA SOLUTIONS AS
Score · fiscal year 2023
64of 100
How to read this: the company is ahead of 74 % of medium-sized companies in the same sector in 2023. What does this mean?
Rank: 85 of 326 · Olje og gass
Profile
Lion · Leader
High profitability, high solidity
Position against comparable companies in 2023, not a verdict on the company. Based on profitability 64 and solidity 64 out of 100 among medium-sized companies in the same sector in 2023. Methodology
Against the sector
CONNECTOR SUBSEA SOLUTIONS AS is 13 points above the median for medium-sized companies in the same sector in 2023.
Median score 51 among 104 companies.
Against medium-sized companies in the same sector in 2023: operating margin 10.0% (median 7.4%) and equity ratio 37.8% (median 23.4%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 238 MNOK | 265 MNOK |
| Operating margin | 10.0% | 7.4% |
| Profit margin | 11.1% | 8.0% |
| Return on assets | 20.3% | 11.9% |
| Equity ratio | 37.8% | 23.4% |
| Debt-to-equity | 1.64 | 2.66 |
| Current ratio | 1.13 | 1.20 |
| Revenue growth | – | 15.0% |
| Revenue per employee | 29.74 MNOK | 4.25 MNOK |
The median and “ahead of” refer to medium-sized companies in the same sector in 2023. The bar shows the share of companies the figure is ahead of.
With an index of 64, CONNECTOR SUBSEA SOLUTIONS AS does better than 74% of medium-sized companies in the same sector (104 companies) in 2023.
Score 2023–2025
- CONNECTOR SUBSEA SOLUTIONS AS
- Median: medium-sized companies in the same sector
What the numbers say
CONNECTOR SUBSEA SOLUTIONS AS had an operating margin of 10.0% and an equity ratio of 37.8% in 2023, and ranks 85 of 326 in Olje og gass.
This text is generated automatically from the 2023 accounts.
Three simple methods
The methods give between 61 MNOK and 206 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 206 MNOK |
| EV/EBIT | 8.0 | 184 MNOK |
| P/B | 1.0 | 61 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
No rules were triggered for this year.
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 6.1% of the debt in 2023. The policy rate averaged 3.54 % 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 2022, the sector's weakest year, for this company.
The sector's weakest year was 2022, with a median operating margin of 1.6%. 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 | 64 | weight 30% |
|---|---|---|
| Solidity | 64 | weight 25% |
| Liquidity | 44 | weight 15% |
| Growth | – | no data, left out |
| Consistency | 82 | weight 15% |
Index version 2. Data completeness 85%: the share of the weights that had data.
Questions and answers
How profitable is CONNECTOR SUBSEA SOLUTIONS AS?
The operating margin was 10.0% in 2023, against a median of 7.4% among medium-sized companies in the same sector. Return on assets was 20.3%.
How solid is CONNECTOR SUBSEA SOLUTIONS AS?
The equity ratio was 37.8% in 2023 (median 23.4%). Debt-to-equity was 1.64 (median 2.66).
What is the liquidity of CONNECTOR SUBSEA SOLUTIONS AS like?
The current ratio was 1.13 in 2023 (median 1.20).
How does CONNECTOR SUBSEA SOLUTIONS AS compare in Olje og gass?
CONNECTOR SUBSEA SOLUTIONS AS ranks 85 of 326 in Olje og gass for 2023. Among companies of the same size (medium-sized companies) it ranks 28 of 104.
Group accounts · 2025
62 of 100
Rank 332 of 1270 groups with group accounts. Groups are ranked only against each other, not against single companies.
- Operating revenue, group
- 326 MNOK
- Operating profit, group
- 38 MNOK
- Profit before tax, group
- 35 MNOK
- Total assets, group
- 264 MNOK
- Equity, group
- 149 MNOK
| Key figure | The group | The company alone (2023) |
|---|---|---|
| Operating margin | 11.6% | – |
| Return on assets | 15.7% | – |
| Equity ratio | 56.4% | – |
| Current ratio | 1.44 | – |
| Revenue growth | −21.8% | – |
Group index in earlier years: 2023: 61 (519 of 1644), 2024: 67 (245 of 1312).
Same formulas and weights as the company index. Group and company are never added together, and the group accounts are not part of sector averages or company rankings.
Source: Brønnøysund Register Centre, group accounts 2025 (open data, NLOD 2.0).
We do not show the group structure, because open data does not say who owns whom.
From the Central Coordinating Register
- Org. no.
- 984609701
- Legal form
- AS
- Sector
- Olje og gass (09.109)
- Size tier
- medium
- Employees
- 8 registered 10 June 2026
- Founded
- 4 June 2002 24 years in operation
- Share capital
- 0.62 MNOK
- Business address
- Kokstadflaten 17, 5257 KOKSTAD (BERGEN)
- Municipality
- Bergen rank 8 of 11 in KOSTRA group 12
- Latest accounts filed
- 2025
- Website
- www.connectorsubsea.com
- LEI
- 549300CJYM2WEW2GV564 renews 2 June 2027
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
- Ivar Kjærvik Hanson
- Chair of the board
- Pål Magne Hisdal
- Deputy member
- Stuart Thomas Keeble
- Auditor
- CEDRA NORGE AS
- Accountant
- ECIT FORRETNINGSPARTNER AS
Source: Central Coordinating Register, fetched 29 October 2026. Only names are shown.
- Parent company
- CROWN HILL CHARTERING AS (Norway)
Source: GLEIF (Global Legal Entity Identifier Foundation), fetched 29 October 2026. The parent is the one the company itself reported to GLEIF.
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 | 48 | 30 | |
| Rank | 85 | 167 | 265 | |
| Operating margin | 10.0% | 7.3% | −0.9% | |
| Return on assets | 20.3% | 8.7% | 1.2% | |
| Equity ratio | 37.8% | 42.2% | 29.0% | |
| Current ratio | 1.13 | 1.21 | 0.79 | |
| Revenue growth | – | −41.8% | −37.9% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 238.0 MNOK | 138.6 MNOK | 86.0 MNOK |
| Operating profit | 23.7 MNOK | 10.2 MNOK | −0.8 MNOK |
| Profit before tax | 26.5 MNOK | 6.1 MNOK | −3.7 MNOK |
| Net profit | 20.6 MNOK | 4.6 MNOK | −2.7 MNOK |
| Financial expenses | 6.1 MNOK | 5.4 MNOK | 6.0 MNOK |
| Total assets | 161.1 MNOK | 131.5 MNOK | 182.8 MNOK |
| Current assets | 101.1 MNOK | 82.5 MNOK | 101.9 MNOK |
| Equity | 60.9 MNOK | 55.6 MNOK | 52.9 MNOK |
| Retained earnings | 48.6 MNOK | 43.3 MNOK | 40.6 MNOK |
| Total liabilities | 100.1 MNOK | 76.0 MNOK | 129.8 MNOK |
| Current liabilities | 89.5 MNOK | 68.0 MNOK | 128.8 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 5386045.
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