SUBSEA INNOVATION AS
Organization
- CEO
- MM
Morten Magnussen1960
- Chairman of the board
- MM
Morten Magnussen1960
- Years since formation
- 24 years
- since Jul 2, 2001
- Type
- Limited company
- VAT registered
- Yes
- Number of employees
- 0
Ownership
- Number of shares and share classes
- 100
- 1 share class
- Total number of shareholders
- 2
- persons
Financials
- Total operating income 2024
- 212,882
- NOK
- Annual total result 2024
- 366,669
- NOK
- Total equity 2024
- 11,635,806
- NOK
Last update: Sep 9, 2025
Management
Management / administration
| Name | Role | Shares |
|---|---|---|
MM 1960 | Managing Director/CEO | 50 % directly |
Board
| Name | Role | Shares |
|---|---|---|
MM 1960 | Chairman | 50 % directly |
KM 1959 | Alternate Member | 50 % directly |
Top 10 individual shareholders
| Name | Role | Shares |
|---|---|---|
MM 1960 | Managing Director/CEO, Chairman | 50 % directly |
KM 1959 | Alternate Member | 50 % directly |
Last update: Apr 13, 2023
Ownership
Company shareholders
| Name | Share class | Total number of shares | Share |
|---|---|---|---|
KM 1959 | Ordinary shares | 50 | 50 % |
MM 1960 | Ordinary shares | 50 | 50 % |
Last update: Jun 2, 2025
Financials
in NOK
Summary
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total operating income | 212,882 | 1,460,289 | 2,724,963 | 2,220,064 |
Annual Total Result | 366,669 | -214,869 | 1,261,069 | 914,349 |
Total assets | 11,761,230 | 12,143,207 | 12,121,018 | 10,068,726 |
Total liabilities | 125,424 | 874,070 | 387,012 | -404,212 |
Total equity | 11,635,806 | 11,269,136 | 11,734,007 | 10,472,938 |
P&L
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total operating income | 212,882 | 1,460,289 | 2,724,963 | 2,220,064 |
Total operating costs | 366,430 | 1,403,840 | 1,381,035 | 1,492,477 |
Operating result | -153,548 | 56,449 | 1,343,928 | 727,587 |
Financial income/costs | 510,910 | 377,924 | 94,143 | 15,195 |
Profit before tax | 357,362 | 434,373 | 1,438,071 | 742,782 |
Total tax & extraordinary income/cost | -9,307 | 649,242 | 177,002 | -171,567 |
Annual Total Result | 366,669 | -214,869 | 1,261,069 | 914,349 |
Balance overview
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total fixed assets | 0 | 0 | 15,000 | 15,000 |
Total current assets | 11,761,230 | 12,143,207 | 12,106,018 | 10,053,726 |
Total assets | 11,761,230 | 12,143,207 | 12,121,018 | 10,068,726 |
Short term debt | 93,008 | 832,346 | 387,012 | -404,212 |
Long term debt | 32,416 | 41,724 | 0 | 0 |
Total liabilities | 125,424 | 874,070 | 387,012 | -404,212 |
Contributed capital | 100,000 | 100,000 | 100,000 | 100,000 |
Retained earnings | 11,535,806 | 11,169,136 | 11,634,007 | 10,372,938 |
Total equity | 11,635,806 | 11,269,136 | 11,734,007 | 10,472,938 |
Total equity and liabilities | 11,761,230 | 12,143,206 | 12,121,019 | 10,068,726 |
Classification
Type of organization
Limited company
Classification of institutional sector
INNL
Domestic sectors
A_IKKE-FIN
Non-financial corporations
2100
Private non-financial incorporated enterprises