SAL Navigation AB
ABActiveOrg 5560805441Västberga Allé 36 B, 126 30 HägerstenManufacture of instruments and appliances for measuring, testing and navigation· NACE 2651Est. 1961 · 64 years old30 employees
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Overview
SAL Navigation AB is a Swedish AB based in Hägersten, operating in the Manufacture of instruments and appliances for measuring, testing and navigation sector. Incorporated in 1961, the company has 30 employees and reported revenue of SEK 148.6m in its latest annual filing.
Revenue 2025
148.6M SEK
+1% vs 2024
EBITDA margin
−8.1 %
−1194% vs 2024
Net profit 2025
-9.3M SEK
-5247% vs 2024
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
22.6 %
WeakAmong the 30% lowest rated companies in the industry
20212025
Liquidity ratioCurrent assets ÷ Short-term debt
1.6×
WeakAmong the 40% lowest rated companies in the industry
20212025
Return on assets (ROA)Net profit ÷ Total assets × 100
-17.0 %
Very weakAmong the 20% lowest rated companies in the industry
20212025
EBITDA — year on year
SEK millionsKey figures
Annual report 2025| Revenue | 148.6M SEK | +1% |
| EBITDA | -12M SEK | -1194% |
| Net profit | -9.3M SEK | -5247% |
| Total assets | 54.7M SEK | -8% |
| Equity | 12.4M SEK | -43% |
| Employees | 30 | — |
Company information
Legal name
SAL Navigation AB
Org number
5560805441
Legal form
Aktiebolag
Founded
7 November 1961 · 64 years
Share capital
SEK 10,000,000
Employees
30 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2025-12-31
Financial year
January – December
Signatory rights
Firman tecknas av styrelsen Firman tecknas av Jener, Thorleif Jenner i förening med en av Eriksson, Mikael Bengt Sigvard Fjäder, Johan Firman tecknas av Rosenblad, Carl Adam Nils Mathias C i förening med en av Eriksson, Mikael Bengt Sigvard Fjäder, Johan Dessutom har verkställande direktören rätt att teckna firman beträffande löpande förvaltningsåtgärder
Company purpose
Bolaget är aktivt inom branschen för marin säkerhet där bolaget har till föremål att för marina installationer utveckla och marknadsföra loggar och utrustning för att lagra färddata och andra navigationshjälpmedel samt därmed förenlig verksamhet.
(no translation available)
Contact
Address
Västberga Allé 36 B, 126 30 Hägersten
Phone
+46856305100
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Financial development
In its most recent annual report (2025), SAL Navigation AB reported revenue of SEK 148.6m, an increase of 1% 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 SEK 9.3m, and the EBITDA margin stood at -8.1%.
At the end of 2025, equity financed 22.6% of the balance sheet, and current assets covered short-term debt 1.6 times.
Financials
Revenue
SEK millionsEBITDA
SEK millionsIncome statement
SEK thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 148,572 | 146,996 | 138,769 | 104,709 | 88,784 |
| Staff expenses | -39,753 | -37,438 | -27,995 | -23,008 | — |
| EBITDA | -12,025 | 1,099 | 17,664 | 10,621 | 7,984 |
| Depreciation & amort. | -58 | -52 | -2,476 | -4,476 | -4,476 |
| EBIT | -12,083 | 1,047 | 15,188 | 6,145 | 3,508 |
| Net financials | -2,336 | -680 | -583 | -252 | -26 |
| Profit before tax | -9,229 | 366 | 10,906 | 4,403 | 3,482 |
| Tax | -58 | -186 | -2,336 | 928 | -451 |
| Net profit | -9,287 | 180 | 8,570 | 3,475 | 3,031 |
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Balance sheet
SEK thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total assets | 54,711 | 59,572 | 72,259 | 45,886 | 34,857 |
| Equity | 12,388 | 21,675 | 23,494 | 15,925 | 12,449 |
| Long-term debt | 8,506 | 12,078 | 12,053 | 11,631 | 7,911 |
| Short-term debt | 33,306 | 20,118 | 31,009 | 16,636 | 13,969 |
| Total debt | 41,811 | 32,196 | 43,062 | 28,266 | 21,880 |
Financial ratios
5-year trendEBITDA margin
-8.1 %
20212025
Equity ratio
22.6 %
WeakAmong the 30% lowest rated companies in the industry
20212025
Return on equity
-75.0 %
Very weakAmong the 10% lowest rated companies in the industry
20212025
Net profit margin
-6.3 %
Very weakAmong the 20% lowest rated companies in the industry
20212025
Asset turnover
2.72×
Very strongAmong the 20% highest rated companies in the industry
20212025
Debt / equity
3.42×
Very weakAmong the 20% lowest rated companies in the industry
20212025
Sector performance
28 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 20% 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 10% 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 10% 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 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 ratioWeak
Among the 40% 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 20% 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 ratioVery weak
Among the 20% 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 weak
Among the 20% lowest 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 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 ratioWeak
Among the 30% 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 20% 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.
Debt to equityVery weak
Among the 20% lowest rated companies in the industry
Debt relative to equity — the company's leverage. A higher value means heavier reliance on debt financing.
Liabilities to equityVery weak
Among the 20% 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 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 debtVery weak
Among the 10% 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 turnoverVery strong
Among the 20% highest rated companies in the industry
Revenue relative to total assets — the ability to generate revenue from the asset base.
Inventory turnoverStrong
Among the 30% highest rated companies in the industry
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.
Equity to contributed capitalVery weak
Among the 20% 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 debtWeak
Among the 30% lowest rated companies in the industry
The size of this year's increase or decrease in the company's debt.
Annual reports & filings
- Annual report 2025Filed via Bolagsverket / SCB · Period 2025-01-01 – 2025-12-31
- Annual report 2024Filed via Bolagsverket / SCB · Period 2024-01-01 – 2024-12-31
- Annual report 2023Filed via Bolagsverket / SCB · Period 2023-01-01 – 2023-12-31
- Annual report 2022Filed via Bolagsverket / SCB · Period 2022-01-01 – 2022-12-31
- Annual report 2021Filed via Bolagsverket / SCB · Period 2021-01-01 – 2021-12-31
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|---|---|
| Current (3) | ||
SD Chief Auditor | Chief Auditor | 2026 |
JN Chief Auditor | Chief Auditor | 2020 |
KB Chief Executive Officer | Chief Executive Officer | 2020 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (5) | ||
CA Deputy Board Member | Deputy Board Member | 2022 |
TJ Chairman | Chairman | 2022 |
MB Board of Directors | Board of Directors | 2020 |
JF Board of Directors | Board of Directors | 2022 |
CA Board of Directors | Board of Directors | 2025 |
Former (5)
OL Chairman | Chairman | 2020 – 2022 |
LM Board of Directors | Board of Directors | 2020 – 2025 |
JT Deputy Board Member | Deputy Board Member | 2022 – 2022 |
MB Board of Directors | Board of Directors | 2022 – 2022 |
BE Chairman | Chairman | 2022 – 2022 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 51% | 51% | 2025 |
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Company hierarchy
SAL Navigation AB (this company)
Sal North Europe Gmbh100% ownedSal North Asia Kk100% ownedBoard network connections
Board members of SAL Navigation AB also hold positions in 252 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Johan Niclas Svärdlöf | Chief Auditor | 123 companiesMany roles |
| Susanna Daniella Norlin | Chief Auditor | 58 companiesMany roles |
| Carl Adam Nils Mathias C Rosenblad | Board of Directors | 19 companiesMany roles |
| Thorleif Jenner Jener | Chairman | 17 companiesMany roles |
| Ove Lennart Hansson | Chairman | 11 companiesMany roles |
| Marcus Björner Andersson Asp | Board of Directors | 6 companiesMany roles |
| Curt Anders Bertil Fagergren | Deputy Board Member | 3 companies |
| Lars Magnus Håkansson | Board of Directors | 3 companies |
| Jan Thomas Fogelberg | Deputy Board Member | 3 companies |
| Bengt Edvard Thobias Ernfridsson | Chairman | 3 companies |
| Kenneth Bo Johan Sved | Chief Executive Officer | 2 companies |
| Mikael Bengt Sigvard Eriksson | Board of Directors | 2 companies |
| Johan Fjäder | Board of Directors | 2 companies |
Frequently asked questions
What is the Org number of SAL Navigation AB?
SAL Navigation AB is registered with Bolagsverket / SCB under Org 5560805441.
What is the revenue of SAL Navigation AB?
SAL Navigation AB reported revenue of SEK 148.6m in 2025.
How many employees does SAL Navigation AB have?
SAL Navigation AB employs 30 people as of the latest annual report.
Who is the CEO of SAL Navigation AB?
Kenneth Bo Johan Sved is the CEO of SAL Navigation AB, in role since 2020.
Who is the chairman of SAL Navigation AB?
Thorleif Jenner Jener chairs the board of SAL Navigation AB, in role since 2022.
Where is SAL Navigation AB headquartered?
SAL Navigation AB's registered address is Västberga Allé 36 B.