Usea AS
ASDissolvedOrg 919602457Forskningsparken Gaustadalléen 21, 0349 OsloEngineering activities and related technical consultancy· NACE 7112Est. 2017 · 9 years old0 employeeshttps://www.useatechnologies.com
Loading company…
Overview
Usea AS is a Norwegian AS based in Oslo, operating in the Engineering activities and related technical consultancy sector. Incorporated in 2017, the company has 0 employees and reported revenue of NOK 2.2m in its latest annual filing.
Revenue 2023
2.2M NOK
+31% vs 2022
EBITDA margin
−7.1 %
Net profit 2023
-0.2M NOK
0 employees
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
71.6 %
StrongAmong the 40% highest rated companies in the industry
20192023
Liquidity ratioCurrent assets ÷ Short-term debt
0.2×
Very weakAmong the 10% lowest rated companies in the industry
20192023
Return on assets (ROA)Net profit ÷ Total assets × 100
-1.3 %
WeakAmong the 40% lowest rated companies in the industry
20192023
EBITDA — year on year
NOK thousandsKey figures
Annual report 2023| Revenue | 2.2M NOK | +31% |
| EBITDA | -0.2M NOK | — |
| Net profit | -0.2M NOK | — |
| Total assets | 16.8M NOK | +1% |
| Equity | 12M NOK | 0% |
| Employees | 0 | — |
Company information
Legal name
USEA AS
Org number
919602457
Legal form
Aksjeselskap
NACE code
Founded
4 September 2017 · 9 years
Share capital
NOK 192,933
Employees
0 (FTE)
VAT registered
No
Audit selected
No
Last report
2023-12-31
Financial year
January – December
Signatory rights
Daglig leder og styrets leder i fellesskap.
Company purpose
Utvikle, prosjektere, bygge og eie fartøy og ubemannet systemer. Operere overnevnte fartøyer og systemer til å levere tjenester til olje og gass-, energi-, telekommunikasjon-, fiskeri- og forskningsbransjen. Tjenester og annen virksomhet som står i naturlig forhold til overnevnte forretningsområde tilfaller også. Selskapet kan også eie aksjer i andre selskaper.
(no translation available)
Contact
Address
Forskningsparken Gaustadalléen 21, 0349 Oslo
Email
post@useatechnologies.com
Website
https://www.useatechnologies.com
Risika for professionals
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 (2023), Usea AS reported revenue of NOK 2.2m, an increase of 31% on the year before. The figures on this page draw on 5 annual filings covering 2019 to 2023. The bottom line showed a net loss of NOK 223.6k, and the EBITDA margin stood at -7.1%.
At the end of 2023, equity financed 71.6% of the balance sheet, and current assets covered short-term debt 0.2 times.
Financials
Revenue
NOK thousandsEBITDA
NOK thousandsIncome statement
NOK thousands| Item | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|
| Revenue | 2,214 | 1,686 | 5,729 | 3,046 | 1,234 |
| Staff expenses | -989 | -1,057 | -0 | -0 | -229 |
| EBITDA | -157 | 0 | -26 | -9 | -26 |
| Depreciation & amort. | -0 | -0 | -0 | -0 | -60 |
| EBIT | -157 | 0 | -26 | -9 | -86 |
| Net financials | -67 | 0 | 26 | 9 | -5 |
| Profit before tax | -224 | 0 | 0 | 0 | -91 |
| Tax | -0 | -0 | -0 | -0 | -0 |
| Net profit | -224 | 0 | 0 | 0 | -91 |
Get a credit rating – not just the numbers
Financial statements show the past. Risika gives you a score and a recommended credit limit, so you know what the numbers mean for your risk.
Balance sheet
NOK thousands| Item | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|
| Total assets | 16,790 | 16,619 | 13,472 | 4,541 | 2,232 |
| Equity | 12,014 | 12,014 | 9,014 | 4,014 | 2,014 |
| Long-term debt | 0 | 2,407 | 2,409 | 0 | 0 |
| Short-term debt | 2,376 | 2,199 | 2,049 | 527 | 218 |
| Total debt | 4,776 | 4,605 | 4,458 | 527 | 218 |
Financial ratios
5-year trendEBITDA margin
-7.1 %
20192023
Equity ratio
71.6 %
StrongAmong the 40% highest rated companies in the industry
20192023
Return on equity
-1.9 %
WeakAmong the 30% lowest rated companies in the industry
20192023
Net profit margin
-10.1 %
WeakAmong the 30% lowest rated companies in the industry
20192023
Asset turnover
0.13×
WeakAmong the 40% lowest rated companies in the industry
20192023
Debt / equity
0.40×
StrongAmong the 40% highest rated companies in the industry
20192023
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 marginWeak
Among the 30% 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 marginWeak
Among the 30% 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)Weak
Among the 30% 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)Weak
Among the 40% 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)Weak
Among the 30% 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 40% 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 ratioAverage
Around the average of companies in the same 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 ratioVery weak
Among the 10% lowest 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 ratioVery weak
Among the 10% lowest 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 ratioWeak
Among the 30% lowest rated companies in the industry
Cash relative to short-term debt — the ability to repay short-term obligations with cash alone.
Current assets to equityVery strong
Among the 10% 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 capitalVery weak
Among the 20% lowest rated companies in the 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 ratioStrong
Among the 40% 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 ratioStrong
Among the 40% 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 equityStrong
Among the 40% 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 equityAverage
Around the average of companies in the same industry
Total liabilities relative to equity — whether the company operates primarily on borrowed capital or on its own.
Income to debtWeak
Among the 40% lowest rated companies in the industry
Profit relative to debt — the ability to create earnings while operating with debt.
EBITDA to debtWeak
Among the 40% lowest rated companies in the industry
EBITDA relative to debt — how much operating earnings are available to service the debt.
Interest coverageWeak
Among the 40% 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 40% lowest rated companies in the industry
Financial expenses relative to total liabilities — the effective interest rate the company pays on its debt.
Interest marginWeak
Among the 40% 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 40% lowest rated companies in the industry
Revenue relative to total assets — the ability to generate revenue from the asset base.
Equity to contributed capitalVery strong
Among the 20% highest 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 equityAverage
Around the average of companies in the same industry
The size of this year's increase or decrease in the company's equity.
One-year change in debtAverage
Around the average of companies in the same 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 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
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|---|---|
| Current (2) | ||
KM Trustee | Trustee | 2024 |
FS Chief Executive Officer | Chief Executive Officer | 2017 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (4) | ||
JP Board of Directors | Board of Directors | 2019 |
OE Board of Directors | Board of Directors | 2019 |
TE Chairman | Chairman | 2019 |
FS Board of Directors | Board of Directors | 2019 |
Former (1)
JM Board of Directors | Board of Directors | 2019 – 2024 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Individual | 1.04% | 1.04% | 2023 | |
| Company | 3.63% | 3.63% | 2022 | |
| Company | 7.17% | 7.17% | 2022 | |
| Individual | 6.76% | 6.76% | 2022 | |
| Company | 4.49% | 4.49% | 2022 | |
| Individual | 1.81% | 1.81% | 2022 | |
| Individual | 1.3% | 1.3% | 2022 | |
| Company | 2.42% | 2.42% | 2022 | |
| Company | 8.32% | 8.32% | 2022 | |
| Company | 3.63% | 3.63% | 2022 | |
| Individual | 1.04% | 1.04% | 2023 | |
| Company | 26.33% | 26.33% | 2022 | |
| Company | 2.7% | 2.7% | 2022 | |
| Company | 1.87% | 1.87% | 2022 | |
| Company | 6.11% | 6.11% | 2022 | |
| Company | 5.18% | 5.18% | 2022 | |
| Company | 1.87% | 1.87% | 2022 | |
| Company | 7.6% | 7.6% | 2022 |
One in three Danish companies experiences fraud
Sound familiar? See how to strengthen your defences and catch suspicious changes in ownership and management in time.
Related companies
Company hierarchy
Montebello As4.49%Tsw Holding As2.42%Forbis As3.63%Felima As26.33%Pagurus As2.7%Sølen As1.87%Byggteknikk Drift As6.11%Hungry Horse As1.87%
Usea AS (this company)Board network connections
Board members of Usea AS also hold positions in 252 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Karen Margrethe Rime | Trustee | 197 companiesMany roles |
| John Magne Dahlen | Board of Directors | 30 companiesMany roles |
| Thor Egil Five | Chairman | 14 companiesMany roles |
| Johan Peter Schwartz | Board of Directors | 8 companiesMany roles |
| Olav Egeland | Board of Directors | 2 companies |
| Felipe Santana Lima | Chief Executive Officer | 1 company |
Frequently asked questions
What is the Org number of Usea AS?
Usea AS is registered with Brønnøysundsregistrene under Org 919602457.
What is the revenue of Usea AS?
Usea AS reported revenue of NOK 2.2m in 2023.
Who is the CEO of Usea AS?
Felipe Santana Lima is the CEO of Usea AS.
Who is the chairman of Usea AS?
Thor Egil Five chairs the board of Usea AS, in role since 2019.
Where is Usea AS headquartered?
Usea AS's registered address is Forskningsparken Gaustadalléen 21.