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POLARCUS SHIPHOLDING AS
AS
Active
Org 995542846
Haakon Viis Gate 10, 0161 Oslo
Engineering activities and related technical consultancy · NACE 7112
Est. 2010
0 employees
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Full Risika report
Overview
Financials
People & ownership
Related companies
Revenue 2020
NOK 25,3M
+422% vs 2019
EBITDA margin
37.7%
+169% vs 2019
Equity ratio
46.9%
Financial strength
Net profit 2020
NOK -27,2M
-2191% vs 2019
EBITDA — year on year
NOK millions
13M
-33M
-78M
-123M
-168M
-134M
2016
3M
+102%
2017
0M
-100%
2018
4M
+400%
2019
10M
+150%
2020
Key figures
Annual report 2020
Revenue
NOK 25,3M
+422%
EBITDA
NOK 9,5M
+169%
Net profit
NOK -27,2M
-2191%
Total assets
NOK 82,7M
+13%
Equity
NOK 38,8M
+77%
Employees
0
—
Company information
Legal name
POLARCUS SHIPHOLDING AS
Org number
995542846
Legal form
Aksjeselskap
NACE code
7112 · Engineering activities and related technical consultancy
Founded
26. mai 2010
Share capital
NOK 100 000 000
Employees
0
VAT registered
No
Audit selected
No
Last report
2020-12-31
Financial year
January – December
Signatory rights
Styrets medlemmer hver for seg.
Company purpose
Investeringer, salg og drift innenfor seismikkbransjen, herunder eie og drifte fartøy, og dertilhørende virksomhet.
Contact
Address
Haakon Viis Gate 10, 0161 Oslo
Email
info@polarcus.com
Risika for professionals
Risika provides regulated workflow tools for finance, procurement and compliance teams that need monitoring, alerts and an API.
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Companies in Engineering activities and related technical consultancy
Companies in Oslo
All Norway companies
Revenue
NOK millions
0M
7M
14M
22M
29M
0M
2016
4M
2017
0M
2018
5M
2019
25M
2020
EBITDA
NOK millions
0M
3M
6M
9M
12M
-134M
2016
3M
2017
0M
2018
4M
2019
10M
2020
Income statement
NOK thousands
Item
2016
2017
2018
2019
2020
Revenue
0
3 665
0
4 840
25 266
Staff expenses
−0
−0
−0
−13
−631
EBITDA
−134 445
3 479
−9
3 547
9 534
Depreciation & amort.
−0
−28 860
−0
−326
−31 285
EBIT
−134 445
−25 381
−9
3 221
−21 751
Net financials
−1 194
−1 278
−2 001
−1 922
−4 223
Profit before tax
−135 639
−26 659
−2 010
1 299
−25 974
Tax
218
−0
−0
−0
−0
Net profit
−135 857
−26 659
−2 010
1 299
−27 159
Balance sheet
NOK thousands
Item
2016
2017
2018
2019
2020
Total assets
2 652
12 477
63 346
73 377
82 705
Equity
−700
−27 358
20 632
21 931
38 771
Long-term debt
0
31 300
0
0
0
Short-term debt
3 352
8 534
42 714
51 446
43 934
Total debt
3 352
39 834
42 714
51 446
43 934
Financial ratios
5-year trend
EBITDA margin
37.7%
This company
15.8%
Market median
+139% vs market
2016
2020
Equity ratio
46.9%
This company
38.2%
Market median
+23% vs market
2016
2020
Return on equity
-70.0%
This company
18.4%
Market median
-480% vs market
2016
2020
Net profit margin
-107.5%
This company
8.1%
Market median
-1427% vs market
2016
2020
Asset turnover
0.31×
This company
1.12×
Market median
-72% vs market
2016
2020
Debt / equity
1.13×
This company
0.62×
Market median
-82% 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 (3)
NR
Nigel Rowland Hill
Board of Directors
2021
MY
Mee Yee Monica Cheng
Board of Directors
2021
TC
Tom Christopher Steckmest
Chairman
2021
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.
Learn more
.
Company hierarchy
No registered parent or subsidiaries
Board network connections
Board members of POLARCUS SHIPHOLDING AS also hold positions in
0
other companies.
Person
Role here
Other companies
Nigel Rowland Hill
Board of Directors
0 companies
Mee Yee Monica Cheng
Board of Directors
0 companies
Tom Christopher Steckmest
Chairman
0 companies