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SUB SEA CON A/S — Credit Rating and Financial Key Figures
Credit rating
Company information
About SUB SEA CON A/S
SUB SEA CON A/S (CVR number: 34489777) is a company from KOLDING. The company recorded a gross profit of -15.4 kDKK in 2025. The operating profit was -550 kDKK, while net earnings were -434.2 kDKK. The profitability of the company measured by Return on Assets (ROA) was -39 %, which can be considered poor and Return on Equity (ROE) was -51.5 %, which can be considered poor. The equity ratio, a key indicator for solidity, stood at 49.4 %, a level that can be considered to be modest. This means a balanced mix of debt and equity financing its assets—a typical operational level for many companies. SUB SEA CON A/S's liquidity measured by quick ratio was 1.4 which is at a high level. Thus, the company is in a strong financial position, with liquid assets surpassing current liabilities. It is well-prepared to cover short-term financial obligations.
Financial information
See financialsGross profit (kDKK)
EBIT (kDKK)
Profitability
Solidity
Key figures (kDKK)
See financials2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Volume | |||||
| Net sales | |||||
| Gross profit | 1 255.39 | 8 801.49 | 4 400.03 | - 308.03 | -15.41 |
| EBIT | 154.08 | 7 403.77 | 2 713.62 | -1 545.82 | - 550.02 |
| Net earnings | 75.03 | 5 799.95 | 2 224.47 | -1 440.57 | - 434.17 |
| Shareholders equity total | 975.03 | 6 774.99 | 4 724.47 | 1 059.43 | 625.26 |
| Balance sheet total (assets) | 2 022.73 | 9 596.47 | 7 040.19 | 1 344.43 | 1 265.80 |
| Net debt | 71.35 | -1 663.97 | -1 874.89 | 234.87 | 549.13 |
| Profitability | |||||
| EBIT-% | |||||
| ROA | 6.4 % | 128.0 % | 35.8 % | -35.2 % | -39.0 % |
| ROE | 7.0 % | 149.7 % | 38.7 % | -49.8 % | -51.5 % |
| ROI | 10.6 % | 171.6 % | 48.9 % | -46.8 % | -41.1 % |
| Economic value added (EVA) | -2.04 | 5 719.64 | 1 753.39 | -1 730.20 | - 509.16 |
| Solvency | |||||
| Equity ratio | 48.2 % | 70.6 % | 67.1 % | 78.8 % | 49.4 % |
| Gearing | 50.3 % | 5.9 % | 5.7 % | 23.0 % | 88.1 % |
| Relative net indebtedness % | |||||
| Liquidity | |||||
| Quick ratio | 1.4 | 3.4 | 2.7 | 2.7 | 1.4 |
| Current ratio | 1.4 | 3.4 | 2.7 | 2.7 | 1.4 |
| Cash and cash equivalents | 418.98 | 2 064.55 | 2 144.59 | 8.28 | 1.77 |
| Capital use efficiency | |||||
| Trade debtors turnover (days) | |||||
| Net working capital % | |||||
| Credit risk | |||||
| Credit rating | BB | BBB | BBB | BB | BB |
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