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SUB SEA CONSTRUCTION AS
AS
Active
Org 932822423
Manufacture of metal structures and parts of structures · NACE 2511
Est. 1982
0 employees
www.subseaconstruction.no
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Overview
Financials
People & ownership
Related companies
Revenue 2020
NOK 2,6M
-95% vs 2019
EBITDA margin
-123.7%
+60% vs 2019
Equity ratio
-46.7%
Financial strength
Net profit 2020
NOK -5,6M
+38% vs 2019
EBITDA — year on year
NOK millions
0M
-3M
-5M
-8M
-10M
-2M
2016
-7M
-250%
2017
-7M
0%
2018
-8M
-14%
2019
-3M
+63%
2020
Key figures
Annual report 2020
Revenue
NOK 2,6M
-95%
EBITDA
NOK -3,3M
+60%
Net profit
NOK -5,6M
+38%
Total assets
NOK 28,5M
-16%
Equity
NOK -13,3M
-20%
Employees
0
—
Company information
Legal name
SUB SEA CONSTRUCTION AS
Org number
932822423
Legal form
Aksjeselskap
NACE code
2511 · Manufacture of metal structures and parts of structures
Founded
1. juni 1982
Share capital
NOK 2 080 000
Employees
0
VAT registered
No
Audit selected
No
Last report
2020-12-31
Financial year
January – December
Signatory rights
Styrets leder og ett styremedlem i fellesskap
Contact
Address
Website
www.subseaconstruction.no
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Companies in Manufacture of metal structures and parts of structures
Companies in
All Norway companies
Revenue
NOK millions
0M
15M
30M
45M
60M
22M
2016
23M
2017
31M
2018
52M
2019
3M
2020
EBITDA
NOK millions
0M
-1M
-1M
-2M
-2M
-2M
2016
-7M
2017
-7M
2018
-8M
2019
-3M
2020
Income statement
NOK thousands
Item
2016
2017
2018
2019
2020
Revenue
22 182
22 683
30 624
51 976
2 648
Staff expenses
−10 695
−12 865
−16 668
−18 115
−2 572
EBITDA
−1 753
−7 427
−6 628
−8 134
−3 275
Depreciation & amort.
−1 702
−1 893
−2 687
−2 834
−2 802
EBIT
−3 455
−9 321
−9 316
−10 968
−6 076
Net financials
−306
−475
−1 094
−646
−1 090
Profit before tax
−3 761
−9 795
−10 409
−11 614
−7 167
Tax
−919
−2 261
−2 175
−2 554
−1 577
Net profit
−2 841
−7 534
−8 234
−9 060
−5 590
Balance sheet
NOK thousands
Item
2016
2017
2018
2019
2020
Total assets
30 757
28 776
35 078
34 147
28 521
Equity
12 116
4 581
−3 653
−11 096
−13 317
Long-term debt
11 831
9 333
21 176
7 967
3 460
Short-term debt
6 810
14 861
17 554
37 277
38 378
Total debt
18 641
24 194
38 731
45 243
41 838
Financial ratios
5-year trend
EBITDA margin
-123.7%
This company
15.8%
Market median
-883% vs market
2016
2020
Equity ratio
-46.7%
This company
38.2%
Market median
-222% vs market
2016
2020
Return on equity
-558994600.0%
This company
18.4%
Market median
-3038014230% vs market
2016
2020
Net profit margin
-211.1%
This company
8.1%
Market median
-2706% vs market
2016
2020
Asset turnover
0.09×
This company
1.12×
Market median
-92% vs market
2016
2020
Debt / equity
3.14×
This company
0.62×
Market median
-406% vs market
2016
2020
Annual reports & filings
Annual report 2020
Filed via Brønnøysundsregistrene · Period 2020-01-01 – 2020-12-31
View
PDF
Annual report 2019
Filed via Brønnøysundsregistrene · Period 2019-01-01 – 2019-12-31
View
PDF
Annual report 2018
Filed via Brønnøysundsregistrene · Period 2018-01-01 – 2018-12-31
View
PDF
Annual report 2017
Filed via Brønnøysundsregistrene · Period 2017-01-01 – 2017-12-31
View
PDF
Annual report 2016
Filed via Brønnøysundsregistrene · Period 2016-01-01 – 2016-12-31
View
PDF
Management
Actively employed in the business
Name
Role
Member since
Current (1)
BA
Bernt Arne Breistein
Chief Executive Officer
Chief Executive Officer
2020
Board of directors
Non-executive oversight
Name
Role
Member since
Current (2)
ES
Even Skov Bakkemyr
Board of Directors
2020
JK
Jostein Kvamme
Chairman
2020
Shareholders
As of last annual report
No shareholder data available.
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Company hierarchy
No registered parent or subsidiaries
Board network connections
Board members of SUB SEA CONSTRUCTION AS also hold positions in
0
other companies.
Person
Role here
Other companies
Bernt Arne Breistein
Chief Executive Officer
0 companies
Even Skov Bakkemyr
Board of Directors
0 companies
Jostein Kvamme
Chairman
0 companies