Sec Utvikling AS
ASActiveOrg 930622702Mercurgarden Kongens Gate 8, 7011 TrondheimDevelopment of building projects· NACE 6812Est. 2022 · 3 years old0 employees
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Overview
Sec Utvikling AS is a Norwegian AS based in Trondheim, operating in the Development of building projects sector. Incorporated in 2022, the company has 0 employees and reported revenue of NOK 0 in its latest annual filing.
Revenue 2025
0K NOK
EBITDA margin
—
Net profit 2025
-68.6K NOK
-2% vs 2024
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
-49.6 %
Very weakAmong the 10% lowest rated companies in the industry
20232025
Liquidity ratioCurrent assets ÷ Short-term debt
0.0×
20232025
Return on assets (ROA)Net profit ÷ Total assets × 100
-14.8 %
Very weakAmong the 10% lowest rated companies in the industry
20232025
EBITDA — year on year
NOK thousandsKey figures
Annual report 2025| Revenue | 0K NOK | — |
| EBITDA | -61.2K NOK | +7% |
| Net profit | -68.6K NOK | -2% |
| Total assets | 463.5K NOK | -6% |
| Equity | -230.1K NOK | -43% |
| Employees | 0 | — |
Company information
Legal name
SEC UTVIKLING AS
Org number
930622702
Legal form
Aksjeselskap
NACE code
Founded
1 December 2022 · 3 years
Share capital
NOK 30,000
Employees
0 (FTE)
VAT registered
No
Audit selected
No
Last report
2025-12-31
Financial year
January – December
Signatory rights
To styremedlemmer i fellesskap. Styrets leder og ett styremedlem i fellesskap.
Company purpose
Utvikling og drift av eiendom.
(no translation available)
Address
Mercurgarden Kongens Gate 8, 7011 Trondheim
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Financial development
In its most recent annual report (2025), Sec Utvikling AS reported revenue of NOK 0. The figures on this page draw on 3 annual filings covering 2023 to 2025. The bottom line showed a net loss of NOK 68.6k.
Financials
Revenue
NOKEBITDA
NOK thousandsIncome statement
NOK thousands| Item | 2025 | 2024 | 2023 |
|---|---|---|---|
| Revenue | 0 | 0 | 0 |
| Staff expenses | -0 | -0 | -0 |
| EBITDA | -61 | -66 | -150 |
| Depreciation & amort. | -0 | -0 | -0 |
| EBIT | -61 | -66 | -150 |
| Net financials | -27 | -21 | -3 |
| Profit before tax | -88 | -87 | -153 |
| Tax | -19 | -19 | -35 |
| Net profit | -69 | -68 | -118 |
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Balance sheet
NOK thousands| Item | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total assets | 463 | 494 | 514 |
| Equity | -230 | -161 | -94 |
| Long-term debt | 694 | 650 | 608 |
| Short-term debt | 0 | 6 | 0 |
| Total debt | 694 | 655 | 608 |
Financial ratios
5-year trendEBITDA margin
<−999 %
20232025
Equity ratio
-49.6 %
Very weakAmong the 10% lowest rated companies in the industry
20232025
Return on equity
—
20232025
Net profit margin
<−999 %
20232025
Asset turnover
0.00×
Very weakAmong the 10% lowest rated companies in the industry
20232025
Debt / equity
—
20232025
Sector performance
15 of 28 ratios graded28 financial ratios from the latest filing, each graded against companies in the same industry.
Profitability
Return on assets (ROA)Very weak
Among the 10% lowest rated companies in the industry
Net profit as a percentage of total assets — the return generated on the capital employed.
Basic earning power (BEP)Very weak
Among the 10% 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 10% 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.
Gross marginNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
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 marginNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
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 marginNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
The profit for the year as a share of revenue — the company's ability to turn revenue into profit.
Return on equity (ROE)Not rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Net profit as a percentage of equity — the return the owners earned on their invested capital this year.
Return on net assets (RONA)Not rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Profit relative to net assets (total assets minus total debt) — the ability to generate earnings from the net asset base alone.
Liquidity
Fixed assets to long-term capitalVery strong
Among the 20% highest 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 ratioAverage
Around the average of companies in the same industry
Cash flow relative to profit — the ability to convert reported profits into accessible cash.
Current ratioNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
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 ratioNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
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 ratioNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Cash relative to short-term debt — the ability to repay short-term obligations with cash alone.
Current assets to equityNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
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.
Debt & solvency
Solidity ratioVery weak
Among the 10% lowest 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 weak
Among the 10% lowest rated companies in the industry
Total debt relative to the balance-sheet total — the share of the assets financed by debt rather than equity.
Income to debtVery weak
Among the 20% 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 10% 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.
Debt to equityNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Debt relative to equity — the company's leverage. A higher value means heavier reliance on debt financing.
Liabilities to equityNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Total liabilities relative to equity — whether the company operates primarily on borrowed capital or on its own.
Efficiency & development
Asset turnoverVery weak
Among the 10% lowest rated companies in the industry
Revenue relative to total assets — the ability to generate revenue from the asset base.
Equity to contributed capitalVery weak
Among the 10% 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 debtWeak
Among the 40% lowest 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.
One-year change in equityNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
The size of this year's increase or decrease in the company's equity.
Annual reports & filings
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|---|---|
| Current (1) | ||
SE Chief Executive Officer | Chief Executive Officer | 2023 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (4) | ||
SE Chairman | Chairman | 2023 |
KH Board of Directors | Board of Directors | 2023 |
ES Board of Directors | Board of Directors | 2023 |
IM Board of Directors | Board of Directors | 2023 |
Former (1)
KB Chairman | Chairman | 2023 – 2023 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 50% | 50% | 2023 | |
| Company | 50% | 50% | 2023 | |
| Company | 100% | 100% | 2022 |
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Related companies
Company hierarchy
Sintef Eiendom Holding As
Sec Utvikling AS (this company)Board network connections
Board members of Sec Utvikling AS also hold positions in 447 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Kristian Brekke Djuve | Chairman | 320 companiesMany roles |
| Svein Erik Nordbotten | Chief Executive Officer | 66 companiesMany roles |
| Kai Helge Sundlisæter | Board of Directors | 49 companiesMany roles |
| Inger Marie Stordal Eriksen | Board of Directors | 7 companiesMany roles |
| Espen Susegg | Board of Directors | 5 companies |
Frequently asked questions
What is the Org number of Sec Utvikling AS?
Sec Utvikling AS is registered with Brønnøysundsregistrene under Org 930622702.
Who is the CEO of Sec Utvikling AS?
Svein Erik Nordbotten is the CEO of Sec Utvikling AS, in role since 2023.
Who is the chairman of Sec Utvikling AS?
Svein Erik Nordbotten chairs the board of Sec Utvikling AS, in role since 2023.
Where is Sec Utvikling AS headquartered?
Sec Utvikling AS's registered address is Mercurgarden Kongens Gate 8.