Sub-C-Safe AS

ASDissolved

Org 993015512Rolfsbuktalléen 12, 1364 FornebuEngineering activities and related technical consultancy· NACE 7112Est. 2008 · 18 years old0 employees

Overview

Sub-C-Safe AS is a Norwegian AS based in Fornebu, operating in the Engineering activities and related technical consultancy sector. Incorporated in 2008, the company has 0 employees and reported revenue of NOK 750.9k in its latest annual filing.

Revenue 2020

750.9K NOK

−14% vs 2019

EBITDA margin

10.3 %

−66% vs 2019

Net profit 2020

-42.5K NOK

-158% vs 2019

Key ratios

See full ratios →

50.1 %

Average

Around the average of companies in the same industry

20162020

5.4×

Strong

Among the 30% highest rated companies in the industry

20162020

-5.7 %

Weak

Among the 30% lowest rated companies in the industry

20162020

EBITDA — year on year

NOK thousands

Key figures

Annual report 2020

Revenue	750.9K NOK	-14%
EBITDA	77.2K NOK	-66%
Net profit	-42.5K NOK	-158%
Total assets	744.5K NOK	-15%
Equity	373.2K NOK	-10%
Employees	0	—

Financial development

In its most recent annual report (2020), Sub-C-Safe AS reported revenue of NOK 750.9k, a decrease of 14% on the year before. The figures on this page draw on 5 annual filings covering 2016 to 2020. The bottom line showed a net loss of NOK 42.5k, and the EBITDA margin stood at 10.3%.

At the end of 2020, equity financed 50.1% of the balance sheet, and current assets covered short-term debt 5.4 times.

Financials

Revenue

NOK thousands

EBITDA

NOK thousands

Income statement

NOK thousands

Item	2020	2019	2018	2017	2016
Revenue	751	876	724	717	906
Staff expenses	-379	-405	-390	-333	-503
EBITDA	77	228	156	256	207
Depreciation & amort.	-105	-115	-8	-52	-60
EBIT	-27	113	148	205	147
Net financials	-24	-19	-3	1	-1
Profit before tax	-52	94	146	206	146
Tax	-9	21	34	50	37
Net profit	-43	74	112	156	109

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Balance sheet

NOK thousands

Item	2020	2019	2018	2017	2016
Total assets	745	873	487	426	284
Equity	373	416	342	231	75
Long-term debt	293	358	0	0	0
Short-term debt	78	99	145	195	209
Total debt	371	457	145	195	209

Financial ratios

5-year trend

EBITDA margin

10.3 %

20162020

Equity ratio

50.1 %

Average

Around the average of companies in the same industry

20162020

Return on equity

-11.4 %

Very weak

Among the 20% lowest rated companies in the industry

20162020

Net profit margin

-5.7 %

Weak

Among the 30% lowest rated companies in the industry

20162020

Asset turnover

1.01×

Average

Around the average of companies in the same industry

20162020

Debt / equity

1.00×

Average

Around the average of companies in the same industry

20162020

Sector performance

27 of 28 ratios graded

28 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)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)Weak

Among the 30% 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 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 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 ratioStrong

Among the 30% 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 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 ratioVery weak

Among the 10% lowest rated companies in the industry

Cash flow relative to profit — the ability to convert reported profits into accessible cash.

Debt & solvency

Solidity ratioAverage

Around the average of companies in the same industry

Equity as a share of total assets — the ability to absorb losses. Around 40% is considered satisfactory from a credit perspective.

Debt ratioAverage

Around the average of companies in the same industry

Total debt relative to the balance-sheet total — the share of the assets financed by debt rather than equity.

Debt to equityAverage

Around the average of companies in the same industry

Debt relative to equity — the company's leverage. A higher value means heavier reliance on debt financing.

Liabilities to equityWeak

Among the 40% lowest rated companies in the industry

Total liabilities relative to equity — whether the company operates primarily on borrowed capital or on its own.

Income to debtWeak

Among the 30% lowest rated companies in the industry

Profit relative to debt — the ability to create earnings while operating with debt.

EBITDA to debtStrong

Among the 40% highest 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 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 30% 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 turnoverAverage

Around the average of companies in the same industry

Revenue relative to total assets — the ability to generate revenue from the asset base.

Equity to contributed capitalStrong

Among the 40% 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 equityWeak

Among the 30% lowest rated companies in the industry

The size of this year's increase or decrease in the company's equity.

One-year change in debtStrong

Among the 30% 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 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

People & ownership

Management

Actively employed in the business

Name	Role	Member since
Current (1)
JL Jacques Lassabliere Deputy Member	Deputy Member	2009

Board of directors

Non-executive oversight

Name	Role	Member since
Current (2)
LL Lars Larsen-Lassabliere Board of Directors	Board of Directors	2009
FL Frid Larsen-Lassabliere Chairman	Chairman	2009

Shareholders

Active legal owners

No shareholder data available.

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Related companies

Company hierarchy

No registered parent or subsidiaries

Board network connections

Board members of Sub-C-Safe AS also hold positions in 6 other companies.

Person	Role here	Other companies
Lars Larsen-Lassabliere	Board of Directors	4 companies
Jacques Lassabliere	Deputy Member	1 company
Frid Larsen-Lassabliere	Chairman	1 company

Frequently asked questions

What is the Org number of Sub-C-Safe AS?

Sub-C-Safe AS is registered with Brønnøysundsregistrene under Org 993015512.

What is the revenue of Sub-C-Safe AS?

Sub-C-Safe AS reported revenue of NOK 750.9k in 2020.

Who is the chairman of Sub-C-Safe AS?

Frid Larsen-Lassabliere chairs the board of Sub-C-Safe AS, in role since 2009.

Where is Sub-C-Safe AS headquartered?

Sub-C-Safe AS's registered address is Rolfsbuktalléen 12.