NORDIC SUBSEA AS
Score · fiscal year 2024
53of 100
How to read this: the company is ahead of 57 % of small companies in the same sector in 2024. What does this mean?
Rank: 234 of 586 · Olje og gass
Profile
Cheetah · Sprinter
High profitability, lower solidity
Position against comparable companies in 2024, not a verdict on the company. Based on profitability 59 and solidity 33 out of 100 among small companies in the same sector in 2024. Methodology
Against the sector
NORDIC SUBSEA AS is 3 points above the median for small companies in the same sector in 2024.
Median score 50 among 310 companies.
Against small companies in the same sector in 2024: operating margin 6.9% (median 4.6%) and equity ratio 31.2% (median 52.2%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 5 MNOK | 3 MNOK |
| Operating margin | 6.9% | 4.6% |
| Profit margin | 5.6% | 10.2% |
| Return on assets | 8.8% | 3.7% |
| Equity ratio | 31.2% | 52.2% |
| Debt-to-equity | 2.21 | 0.42 |
| Current ratio | 1.39 | 1.76 |
| Revenue growth | 62.7% | 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 53, NORDIC SUBSEA AS does better than 57% of small companies in the same sector (311 companies) in 2024.
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 6.9% and an equity ratio of 31.2% in 2024, and ranks 234 of 586 in Olje og gass.
From 2023 to 2024: the operating margin rose from −14.0% to 6.9% and went from a loss to a profit before tax.
This text is generated automatically from the 2024 accounts.
Three simple methods
The methods give between 1 MNOK and 2 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 2 MNOK |
| EV/EBIT | 8.0 | 1 MNOK |
| P/B | 1.0 | 1 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.
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 | 59 | weight 30% |
|---|---|---|
| Solidity | 33 | weight 25% |
| Liquidity | 44 | weight 15% |
| Growth | 87 | weight 15% |
| Consistency | 47 | weight 15% |
Durability: 41 (average over 2 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 6.9% in 2024, against a median of 4.6% among small companies in the same sector. Return on assets was 8.8%.
How solid is NORDIC SUBSEA AS?
The equity ratio was 31.2% in 2024 (median 52.2%). Debt-to-equity was 2.21 (median 0.42).
What is the liquidity of NORDIC SUBSEA AS like?
The current ratio was 1.39 in 2024 (median 1.76).
How does NORDIC SUBSEA AS compare in Olje og gass?
NORDIC SUBSEA AS ranks 234 of 586 in Olje og gass for 2024. Among companies of the same size (small companies) it ranks 134 of 311. Revenue changed by 62.7% 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 5704925.
Further
Similar companies
- E INNOVATION NORGE AS index 53, rank 227
- JWS GRUPPEN AS index 53, rank 228
- PROPROC AS index 53, rank 233
- DEEP C SOLUTIONS AS index 53, rank 236
- JOHANNES ØSTENSJØ DY AS index 52, rank 241