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SUBSEA CLEANING TECHNOLOGY AS
AS
Active
Org 928962407
Tittelsnesvegen 595, 5550 Sveio
Service activities incidental to water transportation · NACE 5222
Est. 2022
1 employees
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Share
Overview
Financials
People & ownership
Related companies
Revenue 2024
NOK 720K
-20% vs 2023
EBITDA margin
9.5%
+236% vs 2023
Equity ratio
27.4%
Financial strength
Net profit 2024
NOK 24K
+263% vs 2023
EBITDA — year on year
NOK millions
0M
-0M
-1M
-1M
-1M
0M
2022
0M
0%
2023
0M
0%
2024
Key figures
Annual report 2024
Revenue
NOK 720K
-20%
EBITDA
NOK 68K
+236%
Net profit
NOK 24K
+263%
Total assets
NOK 1M
+60%
Equity
NOK 275K
+10%
Employees
1
—
Company information
Legal name
SUBSEA CLEANING TECHNOLOGY AS
Org number
928962407
Legal form
Aksjeselskap
NACE code
5222 · Service activities incidental to water transportation
Founded
25. mars 2022
Share capital
NOK 100 000
Employees
1 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2024-12-31
Financial year
January – December
Company purpose
Undervannsarbeid, salg - utvikling og reparasjon av tilhørende utstyr, investering i selskaper.
Contact
Address
Tittelsnesvegen 595, 5550 Sveio
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Companies in Service activities incidental to water transportation
Companies in Sveio
All Norway companies
Revenue
NOK millions
0M
0M
1M
1M
1M
1M
2022
1M
2023
1M
2024
EBITDA
NOK millions
0M
0M
1M
1M
1M
0M
2022
0M
2023
0M
2024
Income statement
NOK thousands
Item
2022
2023
2024
Revenue
1 095
897
720
Staff expenses
−2
−58
−0
EBITDA
217
20
68
Depreciation & amort.
−5
−38
−40
EBIT
213
−18
29
Net financials
−0
−1
2
Profit before tax
212
−19
31
Tax
47
−4
7
Net profit
166
−15
24
Balance sheet
NOK thousands
Item
2022
2023
2024
Total assets
593
627
1 003
Equity
266
251
275
Long-term debt
5
1
1
Short-term debt
323
376
727
Total debt
327
376
728
Financial ratios
5-year trend
EBITDA margin
9.5%
This company
15.8%
Market median
-40% vs market
2022
2024
Equity ratio
27.4%
This company
38.2%
Market median
-28% vs market
2022
2024
Return on equity
8.8%
This company
18.4%
Market median
-52% vs market
2022
2024
Net profit margin
3.4%
This company
8.1%
Market median
-58% vs market
2022
2024
Asset turnover
0.72×
This company
1.12×
Market median
-36% vs market
2022
2024
Debt / equity
2.65×
This company
0.62×
Market median
-327% vs market
2022
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
Management
Actively employed in the business
No data on file.
Board of directors
Non-executive oversight
Name
Role
Member since
Current (2)
KK
Kimmo Kalevi Kivistø
Chairman
2022
TK
Thor Kinn
Board of Directors
2022
Shareholders
As of last annual report
Shareholder
Type
Ownership
Votes
Since
Thor Kinn
Individual
10%
10%
2024
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
No registered parent or subsidiaries
Board network connections
Board members of SUBSEA CLEANING TECHNOLOGY AS also hold positions in
0
other companies.
Person
Role here
Other companies
Kimmo Kalevi Kivistø
Chairman
0 companies
Thor Kinn
Board of Directors
0 companies