Riskpilot← Back to searchSign inGet full accessSUBSEA COMPOSITE SOLUTIONS AS
ASActiveOrg 987902140Radøyvegen 387, 5938 SæbøvågenBuilding of civilian ships and floating structures · NACE 3011Est. 200514 employees
Revenue 2024
NOK 62M
+72% vs 2023
EBITDA margin
25.7%
+235% vs 2023
Equity ratio
53.4%
Financial strength
Net profit 2024
NOK 11,8M
+269% vs 2023
| Revenue | NOK 62M | +72% |
| EBITDA | NOK 16M | +235% |
| Net profit | NOK 11,8M | +269% |
| Total assets | NOK 23,3M | +7% |
| Equity | NOK 12,5M | +42% |
| Employees | 14 | — |
Legal name
SUBSEA COMPOSITE SOLUTIONS AS
Org number
987902140
Legal form
Aksjeselskap
NACE code
3011 · Building of civilian ships and floating structures
Founded
24. februar 2005
Share capital
NOK 100 000
Employees
14 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2024-12-31
Financial year
January – December
Signatory rights
Daglig leder og ett styremedlem i fellesskap.
Company purpose
Selskapet er et markedsførings-, salgs-, produksjons- og prosjektgjennomføringsselskap. Virksomheten er utvikling, engineering, markedsføring, salg, produksjon og leveranse av produkter og komponenter til sektorene olje, gass og subsea, samt annen beslektet virksomhet.
Address
Radøyvegen 387, 5938 Sæbøvågen
Phone
+4756349910
Email
mundal@mundal.no
Risika for professionals
Risika provides regulated workflow tools for finance, procurement and compliance teams that need monitoring, alerts and an API.
| Item | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 5 | 3 244 | 14 236 | 14 954 | 22 118 | 20 810 | 20 925 | 13 896 | 14 704 | 17 170 | 16 726 | 10 585 | 20 453 | 35 883 | 36 039 | 62 016 |
| Staff expenses | −0 | −0 | −0 | −72 | −910 | −1 407 | −2 901 | −3 163 | −3 200 | −3 363 | −2 852 | −2 720 | −3 157 | −4 077 | −4 623 | −5 541 | −6 415 |
| EBITDA | −50 | −25 | 808 | 2 079 | 871 | 660 | 469 | 678 | −439 | −882 | 2 663 | 2 935 | −1 070 | 4 747 | 6 709 | 4 761 | 15 951 |
| Depreciation & amort. | −0 | −0 | −0 | −160 | −172 | −184 | −214 | −320 | −417 | −369 | −318 | −246 | −192 | −195 | −276 | −449 | −633 |
| EBIT | −50 | −25 | 808 | 1 919 | 699 | 476 | 255 | 358 | −856 | −1 251 | 2 344 | 2 689 | −1 263 | 4 551 | 6 433 | 4 312 | 15 318 |
| Net financials | 0 | −0 | −1 | −121 | −194 | −226 | −244 | −206 | −207 | −227 | −382 | −138 | −89 | −58 | −104 | −221 | −246 |
| Profit before tax | −50 | −26 | 807 | 1 797 | 505 | 249 | 11 | 152 | −1 063 | −1 479 | 1 962 | 2 551 | −1 351 | 4 494 | 6 330 | 4 091 | 15 072 |
| Tax | 23 | −0 | 182 | 383 | 16 | −164 | −146 | 108 | −60 | −368 | −0 | 295 | −20 | 715 | 1 393 | 902 | 3 317 |
| Net profit | −72 | −26 | 625 | 1 415 | 489 | 413 | 157 | 44 | −1 003 | −1 110 | 1 962 | 2 256 | −1 332 | 3 778 | 4 937 | 3 188 | 11 755 |
| Item | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | 501 | 445 | 5 200 | 7 568 | 5 700 | 9 110 | 8 188 | 8 774 | 8 075 | 9 423 | 7 310 | 7 003 | 7 478 | 10 971 | 19 544 | 21 780 | 23 346 |
| Equity | — | −58 | 567 | 1 982 | 2 471 | 2 884 | 3 041 | 3 085 | 2 273 | 1 162 | 3 125 | 4 406 | 3 074 | 4 591 | 7 578 | 8 766 | 12 473 |
| Long-term debt | 500 | 500 | 32 | 2 059 | 2 240 | 2 467 | 2 643 | 2 850 | 2 994 | 3 195 | 1 521 | 1 531 | 1 353 | 1 003 | 88 | 30 | 123 |
| Short-term debt | 32 | 3 | 4 601 | 3 527 | 988 | 3 759 | 2 503 | 2 838 | 2 809 | 5 066 | 2 664 | 1 065 | 3 050 | 5 378 | 11 879 | 12 984 | 10 750 |
| Total debt | 532 | 503 | 4 633 | 5 586 | 3 229 | 6 226 | 5 147 | 5 689 | 5 802 | 8 261 | 4 185 | 2 597 | 4 403 | 6 381 | 11 966 | 13 014 | 10 873 |
EBITDA margin
25.7%
This company
15.8%
Market median
+63% vs market
20082024
Equity ratio
53.4%
This company
38.2%
Market median
+40% vs market
20082024
Return on equity
94.2%
This company
18.4%
Market median
+412% vs market
20082024
Net profit margin
19.0%
This company
8.1%
Market median
+135% vs market
20082024
Asset turnover
2.66×
This company
1.12×
Market median
+138% vs market
20082024
Debt / equity
0.87×
This company
0.62×
Market median
+40% vs market
20082024
- Annual report 2024Filed via Brønnøysundsregistrene · Period 2024-01-01 – 2024-12-31
- Annual report 2023Filed via Brønnøysundsregistrene · Period 2023-01-01 – 2023-12-31
- Annual report 2022Filed via Brønnøysundsregistrene · Period 2022-01-01 – 2022-12-31
- Annual report 2021Filed via Brønnøysundsregistrene · Period 2021-01-01 – 2021-12-31
- Annual report 2020Filed via Brønnøysundsregistrene · Period 2020-01-01 – 2020-12-31
- Annual report 2019Filed via Brønnøysundsregistrene · Period 2019-01-01 – 2019-12-31
- Annual report 2018Filed via Brønnøysundsregistrene · Period 2018-01-01 – 2018-12-31
- Annual report 2017Filed via Brønnøysundsregistrene · Period 2017-01-01 – 2017-12-31
- Annual report 2016Filed via Brønnøysundsregistrene · Period 2016-01-01 – 2016-12-31
- Annual report 2015Filed via Brønnøysundsregistrene · Period 2015-01-01 – 2015-12-31
- Annual report 2014Filed via Brønnøysundsregistrene · Period 2014-01-01 – 2014-12-31
- Annual report 2013Filed via Brønnøysundsregistrene · Period 2013-01-01 – 2013-12-31
- Annual report 2012Filed via Brønnøysundsregistrene · Period 2012-01-01 – 2012-12-31
- Annual report 2011Filed via Brønnøysundsregistrene · Period 2011-01-01 – 2011-12-31
- Annual report 2010Filed via Brønnøysundsregistrene · Period 2010-01-01 – 2010-12-31
- Annual report 2009Filed via Brønnøysundsregistrene · Period 2009-01-01 – 2009-12-31
- Annual report 2008Filed via Brønnøysundsregistrene · Period 2008-01-01 – 2008-12-31
| Name | Role | Member since | Age | Other directorships |
|---|---|---|---|---|
VG Chief Executive Officer | Chief Executive Officer | 2020 | — | — |
| Name | Role | Member since | Age | Other directorships |
|---|---|---|---|---|
| Board of Directors | 2017 | — | — | |
| Chairman | 2017 | — | — | |
| Board of Directors | 2017 | — | — | |
| Board of Directors | 2025 | — | — | |
| Chairman | 2025 | — | — | |
| Board of Directors | 2025 | — | — |
| Shareholder | Type | Ownership | Votes | Since |
|---|---|---|---|---|
Mundalgruppen As | Company | 95.0% | 95.0% | 2023 |
| Individual | 5.0% | 5.0% | 2023 |
Beneficial ownership (UBO) data access is restricted in Denmark as of September 2025 per the EU 6th AML Directive. Learn more.
No registered parent or subsidiaries
Board members of SUBSEA COMPOSITE SOLUTIONS AS also hold positions in 0 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Vidar Grindheim | Chief Executive Officer | 0 companies |
| Atle Landro | Board of Directors | 0 companies |
| Nils Landro | Chairman | 0 companies |
| Ketil Landro | Board of Directors | 0 companies |
| Aurelien Lafforgue | Board of Directors | 0 companies |
| Rolf Johan Fredrik Arvidsson | Chairman | 0 companies |
| Lars Johan Henrik Lundkvist | Board of Directors | 0 companies |