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GTO SUBSEA AS
AS
Active
Org 916370563
Verkstedveien 1B, 6517 Kristiansund N
Rental and leasing of other machinery, equipment and tangible goods n.e.c. · NACE 7739
Est. 2015
0 employees
Watchlist
Share
Overview
Financials
People & ownership
Related companies
Revenue 2024
NOK 0
EBITDA margin
—
-114% vs 2023
Equity ratio
98.0%
Financial strength
Net profit 2024
NOK -43K
-117% vs 2023
EBITDA — year on year
NOK millions
0M
-0M
-1M
-1M
-1M
0M
2020
0M
0%
2021
0M
0%
2022
0M
0%
2023
0M
0%
2024
Key figures
Annual report 2024
Revenue
NOK 0
—
EBITDA
NOK -37K
-114%
Net profit
NOK -43K
-117%
Total assets
NOK 1,7M
-2%
Equity
NOK 1,6M
-3%
Employees
0
—
Company information
Legal name
GTO SUBSEA AS
Org number
916370563
Legal form
Aksjeselskap
NACE code
7739 · Rental and leasing of other machinery, equipment and tangible goods n.e.c.
Founded
10. desember 2015
Share capital
NOK 30 000
Employees
0
VAT registered
No
Audit selected
No
Last report
2024-12-31
Financial year
January – December
Signatory rights
Styrets leder alene.
Company purpose
Handel, produksjon og annen økonomisk virksomhet, herunder å delta i andre selskap, alle typer investeringsvirksomhet.
Contact
Address
Verkstedveien 1B, 6517 Kristiansund N
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Explore
Companies in Rental and leasing of other machinery, equipment and tangible goods n.e.c.
Companies in Kristiansund
All Norway companies
Revenue
NOK millions
0M
1M
1M
2M
2M
0M
2020
0M
2021
2M
2022
0M
2023
0M
2024
EBITDA
NOK millions
0M
0M
1M
1M
1M
0M
2020
0M
2021
0M
2022
0M
2023
0M
2024
Income statement
NOK thousands
Item
2020
2021
2022
2023
2024
Revenue
75
210
1 500
0
0
Staff expenses
−0
−0
−0
−0
−0
EBITDA
−325
−31
−66
260
−37
Depreciation & amort.
−1 089
−0
−3
−6
−6
EBIT
−1 415
−31
−69
254
−43
Net financials
−9
−4
−1
0
0
Profit before tax
−1 423
−35
−69
254
−43
Tax
−0
−0
−0
−0
−0
Net profit
−1 423
−35
−69
254
−43
Balance sheet
NOK thousands
Item
2020
2021
2022
2023
2024
Total assets
2 698
2 831
2 116
1 697
1 662
Equity
1 117
1 082
1 013
1 671
1 628
Long-term debt
0
0
0
0
0
Short-term debt
1 581
1 749
1 103
26
34
Total debt
1 581
1 749
1 103
26
34
Financial ratios
5-year trend
EBITDA margin
-3691200.0%
This company
15.8%
Market median
-23362125% vs market
2020
2024
Equity ratio
98.0%
This company
38.2%
Market median
+157% vs market
2020
2024
Return on equity
-2.6%
This company
18.4%
Market median
-114% vs market
2020
2024
Net profit margin
-4289400.0%
This company
8.1%
Market median
-52955656% vs market
2020
2024
Asset turnover
0.00×
This company
1.12×
Market median
-100% vs market
2020
2024
Debt / equity
0.02×
This company
0.62×
Market median
+97% vs market
2020
2024
Annual reports & filings
Annual report 2024
Filed via Brønnøysundsregistrene · Period 2024-01-01 – 2024-12-31
View
PDF
Annual report 2023
Filed via Brønnøysundsregistrene · Period 2023-01-01 – 2023-12-31
View
PDF
Annual report 2022
Filed via Brønnøysundsregistrene · Period 2022-01-01 – 2022-12-31
View
PDF
Annual report 2021
Filed via Brønnøysundsregistrene · Period 2021-01-01 – 2021-12-31
View
PDF
Annual report 2020
Filed via Brønnøysundsregistrene · Period 2020-01-01 – 2020-12-31
View
PDF
Management
Actively employed in the business
Name
Role
Member since
Current (1)
OK
Olav Kvalvåg
Chief Executive Officer
Chief Executive Officer
2015
Board of directors
Non-executive oversight
Name
Role
Member since
Current (3)
OG
Odd Gustav Waage Kvalvåg
Board of Directors
2022
OG
Odd Gustav Kvalvåg
Board of Directors
2022
TJ
Tom Jacobsen
Chairman
2022
Shareholders
As of last annual report
Shareholder
Type
Ownership
Votes
Since
Jarala As
Company
50%
50%
2022
Emax As
Company
20%
20%
2022
Beneficial ownership (UBO) data access is restricted in Denmark as of September 2025 per the EU 6th AML Directive.
Learn more
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Company hierarchy
Emax As
GTO SUBSEA AS
(this company)
Board network connections
Board members of GTO SUBSEA AS also hold positions in
0
other companies.
Person
Role here
Other companies
Olav Kvalvåg
Chief Executive Officer
0 companies
Odd Gustav Waage Kvalvåg
Board of Directors
0 companies
Odd Gustav Kvalvåg
Board of Directors
0 companies
Tom Jacobsen
Chairman
0 companies