PDS AS
ASDissolvedOrg 960414780Husøyvegen 149, 4262 AvaldsnesEconomic activity was not specified by tax authority· NACE 0000Est. 1991 · 35 years old0 employeeshttps://www.mecan.no
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Overview
PDS AS is a Norwegian AS based in Avaldsnes, operating in the Economic activity was not specified by tax authority sector. Incorporated in 1991, the company has 0 employees and reported revenue of NOK 146.5k in its latest annual filing.
Revenue 2024
0.1M NOK
−96% vs 2023
EBITDA margin
−243.2 %
−157% vs 2023
Net profit 2024
-0.4M NOK
-102% vs 2023
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
98.1 %
StrongAmong the 40% highest rated companies in the industry
20202024
Liquidity ratioCurrent assets ÷ Short-term debt
47.0×
StrongAmong the 30% highest rated companies in the industry
20202024
Return on assets (ROA)Net profit ÷ Total assets × 100
-14.7 %
Very weakAmong the 20% lowest rated companies in the industry
20202024
EBITDA — year on year
NOK thousandsKey figures
Annual report 2024| Revenue | 0.1M NOK | -96% |
| EBITDA | -0.4M NOK | -157% |
| Net profit | -0.4M NOK | -102% |
| Total assets | 2.8M NOK | -96% |
| Equity | 2.8M NOK | -95% |
| Employees | 0 | — |
Company information
Legal name
PDS AS
Org number
960414780
Legal form
Aksjeselskap
NACE code
Founded
8 March 1991 · 35 years
Share capital
NOK 997,757
Employees
0 (FTE)
VAT registered
No
Audit selected
No
Last report
2024-12-31
Financial year
January – December
Signatory rights
Daglig leder og ett styremedlem i fellesskap.
Company purpose
Eie aksjer i og forvalte datterselskaper, samt å yte administrative og finansielle tjenester innenfor konsernet.
(no translation available)
Contact
Address
Husøyvegen 149, 4262 Avaldsnes
Website
https://www.mecan.no
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Financial development
In its most recent annual report (2024), PDS AS reported revenue of NOK 146.5k, a decrease of 96% on the year before. The figures on this page draw on 5 annual filings covering 2020 to 2024. The bottom line showed a net loss of NOK 416.0k, and the EBITDA margin stood at -243.2%.
At the end of 2024, equity financed 98.1% of the balance sheet, and current assets covered short-term debt 47 times.
Financials
Revenue
NOK thousandsEBITDA
NOK thousandsIncome statement
NOK thousands| Item | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Revenue | 146 | 3,841 | 6,824 | 5,855 | 4,398 |
| Staff expenses | -0 | -1,393 | -2,481 | -2,428 | -1,791 |
| EBITDA | -356 | 621 | 952 | -2,839 | 723 |
| Depreciation & amort. | -0 | -0 | -0 | -0 | -0 |
| EBIT | -356 | 621 | 952 | -2,839 | 723 |
| Net financials | -177 | 17,020 | 5,163 | 1,376 | -3,071 |
| Profit before tax | -533 | 17,641 | 6,115 | -1,463 | -2,348 |
| Tax | -117 | 56 | 631 | -9 | 427 |
| Net profit | -416 | 17,585 | 5,484 | -1,454 | -2,775 |
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Balance sheet
NOK thousands| Item | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Total assets | 2,834 | 65,383 | 52,294 | 46,110 | 51,598 |
| Equity | 2,779 | 51,203 | 33,618 | 25,942 | 27,396 |
| Long-term debt | 0 | 13,680 | 14,602 | 15,833 | 11,106 |
| Short-term debt | 54 | 499 | 4,074 | 4,334 | 13,097 |
| Total debt | 54 | 14,179 | 18,676 | 20,168 | 24,202 |
Financial ratios
5-year trendEBITDA margin
-243.2 %
20202024
Equity ratio
98.1 %
StrongAmong the 40% highest rated companies in the industry
20202024
Return on equity
-15.0 %
Very weakAmong the 20% lowest rated companies in the industry
20202024
Net profit margin
-284.0 %
Very weakAmong the 10% lowest rated companies in the industry
20202024
Asset turnover
0.05×
Very strongAmong the 10% highest rated companies in the industry
20202024
Debt / equity
0.02×
StrongAmong the 30% highest rated companies in the industry
20202024
Sector performance
27 of 28 ratios graded28 financial ratios from the latest filing, each graded against companies in the same industry.
Profitability
Gross marginVery weak
Among the 20% lowest rated companies in the 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 20% 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)Very weak
Among the 20% 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 strong
Among the 20% highest 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 ratioVery strong
Among the 20% highest rated companies in the industry
Cash relative to short-term debt — the ability to repay short-term obligations with cash alone.
Current assets to equityAverage
Around the average of companies in the same 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 capitalStrong
Among the 30% 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.
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 30% 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 30% 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 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 10% lowest rated companies in the industry
EBITDA relative to debt — how much operating earnings are available to service the debt.
Interest coverageAverage
Around the average of companies in the same 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 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 turnoverVery strong
Among the 10% highest rated companies in the industry
Revenue relative to total assets — the ability to generate revenue from the asset base.
Equity to contributed capitalAverage
Around the average of companies in the same 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 10% 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 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
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|
Former (3)
TØ Chief Executive Officer | Chief Executive Officer | 1993 – 2023 |
JR Chief Executive Officer | Chief Executive Officer | 2024 – 2025 |
GI Contact Person | Contact Person | 2023 – 2024 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (3) | ||
FG Board of Directors | Board of Directors | 2024 |
ET Board of Directors | Board of Directors | 2022 |
IS Chairman | Chairman | 2024 |
Former (12)
KH Board of Directors | Board of Directors | 2023 – 2024 |
TH Board of Directors | Board of Directors | 2023 – 2024 |
ML Board of Directors | Board of Directors | 2022 – 2023 |
KS Board of Directors | Board of Directors | 2024 – 2024 |
TS Board of Directors | Board of Directors | 2024 – 2024 |
KE Board of Directors | Board of Directors | 2019 – 2022 |
TØ Deputy Chairman | Deputy Chairman | 2019 – 2023 |
JR Board of Directors | Board of Directors | 2019 – 2024 |
ØE Board of Directors | Board of Directors | 2019 – 2022 |
JA Board of Directors | Board of Directors | 2024 – 2024 |
GI Chairman | Chairman | 2023 – 2024 |
RH Chairman | Chairman | 2019 – 2023 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 9.32% | 9.32% | 2020 | |
| Individual | 2% | 2% | 2022 | |
| Company | 5.15% | 5.15% | 2022 | |
| Company | 10.03% | 10.03% | 2020 | |
| Company | 53.31% | 53.31% | 2024 | |
| Company | 5.15% | 5.15% | 2022 | |
| Individual | 7.38% | 7.38% | 2020 | |
| Company | 9.68% | 9.68% | 2020 | |
| Individual | 4.43% | 4.43% | 2020 | |
| Individual | 6.7% | 6.7% | 2020 | |
| Company | 9.68% | 9.68% | 2020 | |
| Company | 2% | 2% | 2022 | |
| Company | 4.18% | 4.18% | 2020 | |
| Company | 8.27% | 8.27% | 2020 | |
| Company | 2% | 2% | 2022 | |
| Individual | 6.7% | 6.7% | 2020 | |
| Company | 1.78% | 1.78% | 2020 | |
| Company | 46.69% | 46.69% | 2024 | |
| Company | 2% | 2% | 2022 |
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Company hierarchy
Jr Lohne Holding As9.32%Erland Holding As5.15%Kurt Simonsen Holding As10.03%Mecan Invest As53.31%Seime Holding As5.15%Gismarvik Holding As9.68%Areal Design As4.18%Makrotek As8.27%Stecon As1.78%Pds As46.69%
PDS AS (this company)Board network connections
Board members of PDS AS also hold positions in 113 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Terje Øverland | Chief Executive Officer | 23 companiesMany roles |
| Kjell Erik Kleveland | Board of Directors | 17 companiesMany roles |
| Geir Ivar Seime | Contact Person | 13 companiesMany roles |
| Idar Simonsen | Chairman | 9 companiesMany roles |
| Robert Helland-Olsen | Chairman | 9 companiesMany roles |
| Frode Gismarvik | Board of Directors | 7 companiesMany roles |
| Evy Tangjerd Lyngstad | Board of Directors | 6 companiesMany roles |
| Øivind Erland | Board of Directors | 6 companiesMany roles |
| John Roald Lohne | Chief Executive Officer | 5 companies |
| Morten Langeland | Board of Directors | 5 companies |
| John Anders Høvring | Board of Directors | 4 companies |
| Trine Halsnes | Board of Directors | 3 companies |
| Kurt Simonsen | Board of Directors | 3 companies |
| Tore Steinsland | Board of Directors | 2 companies |
| Kristian Heggebø Eide | Board of Directors | 1 company |
Frequently asked questions
What is the Org number of PDS AS?
PDS AS is registered with Brønnøysundsregistrene under Org 960414780.
What is the revenue of PDS AS?
PDS AS reported revenue of NOK 146.5k in 2024.
Who is the chairman of PDS AS?
Idar Simonsen chairs the board of PDS AS, in role since 2024.
Where is PDS AS headquartered?
PDS AS's registered address is Husøyvegen 149.