DSD AS
ASActiveOrg 911178664Børehaugen 1, 4006 StavangerScheduled passenger transport by road· NACE 4931Est. 1855 · 171 years old12 employeeshttps://www.dsd.no
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Overview
DSD AS is a Norwegian AS based in Stavanger, operating in the Scheduled passenger transport by road sector. Incorporated in 1855, the company has 12 employees and reported revenue of NOK 3.3m in its latest annual filing.
Revenue 2025
0B NOK
+10% vs 2024
EBITDA margin
−1,430.7 %
−9% vs 2024
Net profit 2025
-0.4B NOK
-705% vs 2024
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
85.3 %
Very strongAmong the 20% highest rated companies in the industry
20212025
Liquidity ratioCurrent assets ÷ Short-term debt
2.9×
StrongAmong the 30% highest rated companies in the industry
20212025
Return on assets (ROA)Net profit ÷ Total assets × 100
-19.3 %
Very weakAmong the 20% lowest rated companies in the industry
20212025
EBITDA — year on year
NOK millionsKey figures
Annual report 2025| Revenue | 0B NOK | +10% |
| EBITDA | -0B NOK | -9% |
| Net profit | -0.4B NOK | -705% |
| Total assets | 1.9B NOK | -35% |
| Equity | 1.7B NOK | -23% |
| Employees | 12 | — |
Company information
Legal name
DSD AS
Org number
911178664
Legal form
Aksjeselskap
NACE code
Founded
12 February 1855 · 171 years
Share capital
NOK 573,736,142
Employees
12 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2025-12-31
Financial year
January – December
Signatory rights
Styrets leder og ett styremedlem i fellesskap eller daglig leder og styrets leder i fellesskap.
Company purpose
Eie virksomheter og selskaper, drive investering- og forvaltningsvirksomhet.
(no translation available)
Contact
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Risika provides regulated workflow tools for finance, procurement and compliance teams that need monitoring, alerts and an API.
Financial development
In its most recent annual report (2025), DSD AS reported revenue of NOK 3.3m, an increase of 10% on the year before. The figures on this page draw on 5 annual filings covering 2021 to 2025. The bottom line showed a net loss of NOK 376.7m, and the EBITDA margin stood at -1,430.7%.
At the end of 2025, equity financed 85.3% of the balance sheet, and current assets covered short-term debt 2.9 times.
Financials
Revenue
NOK thousandsEBITDA
NOK millionsIncome statement
NOK thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 3,295 | 2,992 | 3,323 | 2,393 | 3,761 |
| Staff expenses | -29,529 | -32,416 | -28,696 | -35,790 | -21,092 |
| EBITDA | -47,143 | -43,186 | -37,003 | -42,772 | -25,561 |
| Depreciation & amort. | -322 | -316 | -311 | -318 | -207 |
| EBIT | -47,465 | -43,502 | -37,314 | -43,090 | -25,768 |
| Net financials | -329,330 | 104,660 | -18,824 | 211,246 | 77,539 |
| Profit before tax | -376,795 | 61,158 | -56,138 | 168,156 | 51,771 |
| Tax | -66 | -1,071 | -120 | 52,100 | 2,609 |
| Net profit | -376,729 | 62,229 | -56,018 | 116,056 | 49,162 |
Balance sheet
NOK thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total assets | 1,947,084 | 2,976,258 | 2,926,466 | 2,678,033 | 2,225,204 |
| Equity | 1,660,555 | 2,162,831 | 2,041,007 | 2,081,102 | 1,890,482 |
| Long-term debt | 0 | 0 | 0 | 0 | 0 |
| Short-term debt | 285,258 | 812,210 | 884,367 | 594,949 | 333,292 |
| Total debt | 285,258 | 812,210 | 884,367 | 594,949 | 333,292 |
Financial ratios
5-year trendEBITDA margin
<−999 %
20212025
Equity ratio
85.3 %
Very strongAmong the 20% highest rated companies in the industry
20212025
Return on equity
-22.7 %
Very weakAmong the 20% lowest rated companies in the industry
20212025
Net profit margin
<−999 %
Very weakAmong the 10% lowest rated companies in the industry
20212025
Asset turnover
0.00×
WeakAmong the 30% lowest rated companies in the industry
20212025
Debt / equity
0.17×
Very strongAmong the 20% highest rated companies in the industry
20212025
Sector performance
27 of 28 ratios graded28 financial ratios from the latest filing, each graded against companies in the same industry.
Profitability
Gross marginAverage
Around the average of companies in the same industry
The gross result as a share of revenue — how much of the revenue is left after variable costs to cover the company's fixed costs.
Operating marginVery weak
Among the 10% lowest rated companies in the industry
EBIT as a share of revenue — the share of revenue remaining as earnings once all operating costs are covered. A key measure of earning power.
Net profit marginVery weak
Among the 10% lowest rated companies in the industry
The profit for the year as a share of revenue — the company's ability to turn revenue into profit.
Return on equity (ROE)Very weak
Among the 20% lowest rated companies in the industry
Net profit as a percentage of equity — the return the owners earned on their invested capital this year.
Return on assets (ROA)Very weak
Among the 20% lowest rated companies in the industry
Net profit as a percentage of total assets — the return generated on the capital employed.
Return on net assets (RONA)Very weak
Among the 20% lowest rated companies in the industry
Profit relative to net assets (total assets minus total debt) — the ability to generate earnings from the net asset base alone.
Basic earning power (BEP)Weak
Among the 30% lowest rated companies in the industry
EBIT relative to total assets — the company's earning power before the effects of tax and financial leverage.
Capacity ratioVery weak
Among the 20% lowest rated companies in the industry
Shows how strongly fixed costs weigh on the gross result — a high ratio means fixed costs take only a small bite out of the earnings from basic operations.
Liquidity
Current ratioStrong
Among the 30% highest rated companies in the industry
Current assets relative to short-term debt — the ability to settle short-term obligations with current assets alone. Around 150% is considered satisfactory from a credit perspective.
Quick ratioStrong
Among the 30% highest rated companies in the industry
Current assets excluding inventory relative to short-term debt — whether the most liquid assets alone can cover the short-term obligations. A value of 1 or above signals a healthy liquidity position.
Cash ratioAverage
Around the average of companies in the same industry
Cash relative to short-term debt — the ability to repay short-term obligations with cash alone.
Current assets to equityStrong
Among the 30% highest rated companies in the industry
Current assets relative to equity — an indicator of the balance-sheet structure and of the company's short- and long-term financing. The healthy level is highly industry-dependent.
Fixed assets to long-term capitalAverage
Around the average of companies in the same industry
Fixed assets relative to long-term capital (equity plus long-term liabilities). Below 100% means the long-term capital finances more than just the fixed assets — a healthier liquidity position.
Cash conversion ratioWeak
Among the 30% lowest rated companies in the industry
Cash flow relative to profit — the ability to convert reported profits into accessible cash.
Debt & solvency
Solidity ratioVery strong
Among the 20% highest rated companies in the industry
Equity as a share of total assets — the ability to absorb losses. Around 40% is considered satisfactory from a credit perspective.
Debt ratioVery strong
Among the 20% highest rated companies in the industry
Total debt relative to the balance-sheet total — the share of the assets financed by debt rather than equity.
Debt to equityVery strong
Among the 20% highest rated companies in the industry
Debt relative to equity — the company's leverage. A higher value means heavier reliance on debt financing.
Liabilities to equityStrong
Among the 30% highest rated companies in the industry
Total liabilities relative to equity — whether the company operates primarily on borrowed capital or on its own.
Income to debtVery weak
Among the 10% lowest rated companies in the industry
Profit relative to debt — the ability to create earnings while operating with debt.
EBITDA to debtVery weak
Among the 20% lowest rated companies in the industry
EBITDA relative to debt — how much operating earnings are available to service the debt.
Interest coverageWeak
Among the 30% lowest rated companies in the industry
The ability to pay the interest on the company's debt out of its earnings.
Interest rate on debtWeak
Among the 30% lowest rated companies in the industry
Financial expenses relative to total liabilities — the effective interest rate the company pays on its debt.
Interest marginVery weak
Among the 20% lowest rated companies in the industry
The return on assets minus the interest rate on debt. Positive means the company benefits from operating with debt; negative means the debt makes it worse off.
Efficiency & development
Asset turnoverWeak
Among the 30% lowest rated companies in the industry
Revenue relative to total assets — the ability to generate revenue from the asset base.
Equity to contributed capitalWeak
Among the 40% lowest rated companies in the industry
Total equity relative to the capital the owners contributed — how the equity has developed from its starting point.
One-year change in equityVery weak
Among the 20% lowest rated companies in the industry
The size of this year's increase or decrease in the company's equity.
One-year change in debtVery strong
Among the 10% highest rated companies in the industry
The size of this year's increase or decrease in the company's debt.
Inventory turnoverNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Revenue relative to inventory — how many times a year the inventory is sold and replaced. A low value can indicate weak sales or excess inventory.
Annual reports & filings
- Annual report 2025Filed via Brønnøysundsregistrene · Period 2025-01-01 – 2025-12-31
- 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
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|---|---|
| Current (1) | ||
AK Chief Executive Officer | Chief Executive Officer | 2024 |
Former (1)
IL Chief Executive Officer | Chief Executive Officer | 2015 – 2024 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (4) | ||
LN Board of Directors | Board of Directors | 2021 |
YJ Chairman | Chairman | 2021 |
RJ Board of Directors | Board of Directors | 2024 |
BA Board of Directors | Board of Directors | 2026 |
Former (2)
EB Board of Directors | Board of Directors | 2021 – 2025 |
AK Board of Directors | Board of Directors | 2021 – 2024 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 100% | 100% | 2020 |
Related companies
Company hierarchy
DSD AS (this company)
Det Stavangerske Dampskibsselskab AS100% ownedViking House AS15.873% ownedDSD Ships 4 AS100% ownedDSD Ships 5 AS100% ownedDsd Investering 2 As100% ownedFerdia As74.7824% ownedBilberry Technologies AS100% ownedDSD Travel Tech AS100% ownedMobitech AS100% ownedDsd Explore As61.0525% ownedKlasaskjæret AS100% ownedDSD Ships 6 AS100% ownedStavangerske AS100% ownedDsd Investering As100% ownedBarde Software AS5.121% ownedField Geospatial Holding As80.1654% ownedTerratec AS100% ownedValidé Invest Ii As12.2449% ownedSwipload Technologies AS17.9894% ownedEurobus Nordic AS38.4614% ownedFjorda As7.1622% ownedResani As15.3718% ownedBeyonder As6.1875% ownedCounting Hero As8.2586% ownedRayvn AS15.8897% ownedDsd Z Holding As100% ownedEasyx AS6.1169% ownedTidewave Medical As18.5512% ownedBoard network connections
Board members of DSD AS also hold positions in 134 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Ingvald Løyning | Chief Executive Officer | 37 companiesMany roles |
| Bjørn Anders Dahle | Board of Directors | 26 companiesMany roles |
| Anita Krohn | Chief Executive Officer | 21 companiesMany roles |
| Rune Jensen | Board of Directors | 17 companiesMany roles |
| Yuhong Jin Hermansen | Chairman | 13 companiesMany roles |
| Eirik Børve Monsen | Board of Directors | 10 companiesMany roles |
| Lena Nymo Helli | Board of Directors | 5 companies |
| Anita Krohn Traaseth | Board of Directors | 5 companies |
Frequently asked questions
What is the Org number of DSD AS?
DSD AS is registered with Brønnøysundsregistrene under Org 911178664.
What is the revenue of DSD AS?
DSD AS reported revenue of NOK 3.3m in 2025.
How many employees does DSD AS have?
DSD AS employs 12 people as of the latest annual report.
Who is the CEO of DSD AS?
Anita Krohn is the CEO of DSD AS, in role since 2024.
Who is the chairman of DSD AS?
Yuhong Jin Hermansen chairs the board of DSD AS, in role since 2021.
Where is DSD AS headquartered?
DSD AS's registered address is Børehaugen 1.