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POLAR TUGS AS
AS
Active
Org 984617887
Dønnaveien 457, 8820 Dønna
Sea and coastal freight water transport · NACE 5020
Est. 2002
0 employees
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Overview
Financials
People & ownership
Related companies
Revenue 2020
NOK 52,2M
+19% vs 2019
EBITDA margin
8.6%
-20% vs 2019
Equity ratio
10.9%
Financial strength
Net profit 2020
NOK -2,3M
-196% vs 2019
EBITDA — year on year
NOK millions
8M
6M
4M
2M
0M
2M
2016
4M
+100%
2017
2M
-50%
2018
6M
+200%
2019
4M
-33%
2020
Key figures
Annual report 2020
Revenue
NOK 52,2M
+19%
EBITDA
NOK 4,5M
-20%
Net profit
NOK -2,3M
-196%
Total assets
NOK 38,4M
-2%
Equity
NOK 4,2M
-36%
Employees
0
—
Company information
Legal name
POLAR TUGS AS
Org number
984617887
Legal form
Aksjeselskap
NACE code
5020 · Sea and coastal freight water transport
Founded
18. juni 2002
Share capital
NOK 1 328 000
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.
Company purpose
Maritime oppdrag og annen tilliggende virksomhet, samt investeringer i andre selskaper.
Contact
Address
Dønnaveien 457, 8820 Dønna
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Explore
Companies in Sea and coastal freight water transport
Companies in Dønna
All Norway companies
Revenue
NOK millions
0M
15M
30M
45M
60M
21M
2016
30M
2017
34M
2018
44M
2019
52M
2020
EBITDA
NOK millions
0M
2M
3M
5M
7M
2M
2016
4M
2017
2M
2018
6M
2019
4M
2020
Income statement
NOK thousands
Item
2016
2017
2018
2019
2020
Revenue
20 633
30 336
33 923
43 722
52 214
Staff expenses
−13 094
−16 073
−17 699
−19 702
−24 272
EBITDA
1 973
3 592
2 096
5 595
4 485
Depreciation & amort.
−762
−1 003
−1 078
−276
−6 004
EBIT
1 211
2 589
1 019
5 319
−1 518
Net financials
−554
−613
−904
−2 180
−1 507
Profit before tax
656
1 976
115
3 139
−3 025
Tax
−0
132
22
707
−680
Net profit
656
1 844
93
2 432
−2 345
Balance sheet
NOK thousands
Item
2016
2017
2018
2019
2020
Total assets
13 503
16 345
35 497
39 170
38 423
Equity
1 664
3 508
3 601
6 521
4 176
Long-term debt
6 375
4 922
12 534
15 148
15 111
Short-term debt
5 464
7 915
19 362
17 501
19 137
Total debt
11 839
12 837
31 897
32 650
34 248
Financial ratios
5-year trend
EBITDA margin
8.6%
This company
15.8%
Market median
-46% vs market
2016
2020
Equity ratio
10.9%
This company
38.2%
Market median
-71% vs market
2016
2020
Return on equity
-56.2%
This company
18.4%
Market median
-405% vs market
2016
2020
Net profit margin
-4.5%
This company
8.1%
Market median
-156% vs market
2016
2020
Asset turnover
1.36×
This company
1.12×
Market median
+21% vs market
2016
2020
Debt / equity
8.20×
This company
0.62×
Market median
-1223% 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
No data on file.
Board of directors
Non-executive oversight
Name
Role
Member since
Current (2)
LJ
Lars Johan Skagemo
Chairman
2020
JÅ
Jarl Åge Aaker
Board of Directors
2020
Shareholders
As of last annual report
No shareholder data available.
Beneficial ownership (UBO) data access is restricted in Denmark as of September 2025 per the EU 6th AML Directive.
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Company hierarchy
No registered parent or subsidiaries
Board network connections
Board members of POLAR TUGS AS also hold positions in
0
other companies.
Person
Role here
Other companies
Lars Johan Skagemo
Chairman
0 companies
Jarl Åge Aaker
Board of Directors
0 companies