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SUBSEA INNOVATION AS
AS
Active
Org 983475728
Åsas Vei 1, 4311 Hommersåk
Rental and operating of own or leased real estate · NACE 6820
Est. 2001
2 employees
Watchlist
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Overview
Financials
People & ownership
Related companies
Revenue 2024
NOK 213K
-85% vs 2023
EBITDA margin
-72.1%
-372% vs 2023
Equity ratio
98.9%
Financial strength
Net profit 2024
NOK 367K
+271% vs 2023
EBITDA — year on year
NOK millions
3M
2M
1M
1M
0M
2M
2020
1M
-50%
2021
1M
0%
2022
0M
-100%
2023
0M
0%
2024
Key figures
Annual report 2024
Revenue
NOK 213K
-85%
EBITDA
NOK -154K
-372%
Net profit
NOK 367K
+271%
Total assets
NOK 11,8M
-3%
Equity
NOK 11,6M
+3%
Employees
2
—
Company information
Legal name
SUBSEA INNOVATION AS
Org number
983475728
Legal form
Aksjeselskap
NACE code
6820 · Rental and operating of own or leased real estate
Founded
2. juli 2001
Share capital
NOK 100 000
Employees
2 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2024-12-31
Financial year
January – December
Signatory rights
Styrets leder alene.
Company purpose
Konsulentvirksomhet innenfor petroleumsvirksomheten, og deltakelse i andre virksomheter.
Contact
Address
Åsas Vei 1, 4311 Hommersåk
Phone
+4751687727
Email
info@subsea.co.uk
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Companies in Rental and operating of own or leased real estate
Companies in Sandnes
All Norway companies
Revenue
NOK millions
0M
1M
2M
3M
3M
3M
2020
2M
2021
3M
2022
1M
2023
0M
2024
EBITDA
NOK millions
0M
1M
1M
2M
2M
2M
2020
1M
2021
1M
2022
0M
2023
0M
2024
Income statement
NOK thousands
Item
2020
2021
2022
2023
2024
Revenue
3 055
2 220
2 725
1 460
213
Staff expenses
−1 279
−1 416
−1 254
−1 252
−317
EBITDA
1 720
728
1 344
56
−154
Depreciation & amort.
−30
−0
−0
−0
−0
EBIT
1 690
728
1 344
56
−154
Net financials
60
15
94
378
511
Profit before tax
1 750
743
1 438
434
357
Tax
385
−172
177
649
−9
Net profit
1 365
914
1 261
−215
367
Balance sheet
NOK thousands
Item
2020
2021
2022
2023
2024
Total assets
9 660
10 069
12 121
12 143
11 761
Equity
9 559
10 473
11 734
11 269
11 636
Long-term debt
0
0
0
42
32
Short-term debt
102
−404
387
832
93
Total debt
102
−404
387
874
125
Financial ratios
5-year trend
EBITDA margin
-72.1%
This company
15.8%
Market median
-556% vs market
2020
2024
Equity ratio
98.9%
This company
38.2%
Market median
+159% vs market
2020
2024
Return on equity
3.2%
This company
18.4%
Market median
-83% vs market
2020
2024
Net profit margin
172.2%
This company
8.1%
Market median
+2026% vs market
2020
2024
Asset turnover
0.02×
This company
1.12×
Market median
-98% vs market
2020
2024
Debt / equity
0.01×
This company
0.62×
Market median
+98% 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)
KM
Kari Magnussen
Deputy Member
Deputy Member
2001
Board of directors
Non-executive oversight
Name
Role
Member since
Current (1)
MM
Morten Magnussen
Chairman
2001
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 SUBSEA INNOVATION AS also hold positions in
0
other companies.
Person
Role here
Other companies
Kari Magnussen
Deputy Member
0 companies
Morten Magnussen
Chairman
0 companies