NORDIC SUBSEA AS
Score · fiscal year 2025
31of 100
How to read this: the company is ahead of 23 % of small companies in the same sector in 2025. What does this mean?
Rank: 474 of 584 · Olje og gass
Profile
Beaver · Builder
Lower profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 22 and solidity 18 out of 100 among small companies in the same sector in 2025. Methodology
Against the sector
NORDIC SUBSEA AS is 18 points below the median for small companies in the same sector in 2025.
Median score 49 among 310 companies.
Against small companies in the same sector in 2025: operating margin −13.0% (median 1.6%) and equity ratio 12.1% (median 53.9%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 7 MNOK | 3 MNOK |
| Operating margin | −13.0% | 1.6% |
| Profit margin | −13.7% | 8.7% |
| Return on assets | −24.0% | 2.9% |
| Equity ratio | 12.1% | 53.9% |
| Debt-to-equity | 7.24 | 0.39 |
| Current ratio | 0.58 | 1.77 |
| Revenue growth | 46.2% | 0.9% |
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 31, NORDIC SUBSEA AS does better than 23% of small companies in the same sector (314 companies) in 2025.
Score 2023–2025
- NORDIC SUBSEA AS
- Median: small companies in the same sector
What the numbers say
NORDIC SUBSEA AS had an operating margin of −13.0% and an equity ratio of 12.1% in 2025, and ranks 474 of 584 in Olje og gass.
From 2024 to 2025: went from a profit to a loss before tax and the operating margin fell from 6.9% to −13.0%.
This text is generated automatically from the 2025 accounts.
Three simple methods
One method gives a figure: 0 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | 0 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 1.7 times current assets.
Based on: Current ratio 0.58 (median 1.77).
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −13.7% (median 8.7%).
- 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 46.2% (median 0.9%); Current ratio 0.58 (median 1.77).
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 | 22 | weight 30% |
|---|---|---|
| Solidity | 18 | weight 25% |
| Liquidity | 16 | weight 15% |
| Growth | 87 | weight 15% |
| Consistency | 33 | weight 15% |
Durability: 38 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is NORDIC SUBSEA AS?
The operating margin was −13.0% in 2025, against a median of 1.6% among small companies in the same sector. Return on assets was −24.0%. The company made a loss before tax.
How solid is NORDIC SUBSEA AS?
The equity ratio was 12.1% in 2025 (median 53.9%). Debt-to-equity was 7.24 (median 0.39).
What is the liquidity of NORDIC SUBSEA AS like?
The current ratio was 0.58 in 2025 (median 1.77). Current assets did not cover current liabilities.
How does NORDIC SUBSEA AS compare in Olje og gass?
NORDIC SUBSEA AS ranks 474 of 584 in Olje og gass for 2025. Among companies of the same size (small companies) it ranks 241 of 314. Revenue changed by 46.2% from the year before.
From the Central Coordinating Register
- Org. no.
- 989497006
- Legal form
- AS
- Sector
- Olje og gass (09.109)
- Size tier
- small
- Employees
- 0–4 (not registered)
- Founded
- 16 January 2006 20 years in operation
- Share capital
- 1.40 MNOK
- Business address
- Ole Hoels veg 3, 7562 SAKSVIK (MALVIK)
- Municipality
- Malvik rank 26 of 38 in KOSTRA group 7
- 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
- Brynjar Hay Wiig
- Chair of the board
- Kurt Johan Patric Lundevall
- Board member
- Brynjar Hay Wiig
- Board member
- Geir Nøsen
- Board member
- Tore Anthonsen
- Auditor
- PERGUS AS
- Accountant
- SPAREBANK 1 REGNSKAPSHUSET SMN 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 | 29 | 53 | 31 | |
| Rank | 462 | 234 | 474 | |
| Operating margin | −14.0% | 6.9% | −13.0% | |
| Return on assets | −9.8% | 8.8% | −24.0% | |
| Equity ratio | 23.9% | 31.2% | 12.1% | |
| Current ratio | 1.28 | 1.39 | 0.58 | |
| Revenue growth | – | 62.7% | 46.2% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 3.0 MNOK | 4.9 MNOK | 7.2 MNOK |
| Operating profit | −0.4 MNOK | 0.3 MNOK | −0.9 MNOK |
| Profit before tax | −0.5 MNOK | 0.3 MNOK | −1.0 MNOK |
| Net profit | −0.4 MNOK | 0.2 MNOK | −0.8 MNOK |
| Financial expenses | 0.1 MNOK | 0.1 MNOK | 0.1 MNOK |
| Total assets | 4.3 MNOK | 4.0 MNOK | 3.9 MNOK |
| Current assets | 1.1 MNOK | 1.3 MNOK | 0.9 MNOK |
| Equity | 1.0 MNOK | 1.2 MNOK | 0.5 MNOK |
| Retained earnings | −1.9 MNOK | −1.7 MNOK | −2.5 MNOK |
| Total liabilities | 3.2 MNOK | 2.7 MNOK | 3.4 MNOK |
| Current liabilities | 0.8 MNOK | 1.0 MNOK | 1.6 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 6463005.
Further
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