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NINE DOWNHOLE NORWAY AS
AS
Active
Org 821077672
Brurastien 48, 5265 Ytre Arna
Support activities for petroleum and natural gas extraction · NACE 0910
Est. 2018
20 employees
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Overview
Financials
People & ownership
Related companies
Revenue 2024
NOK 81,2M
+7% vs 2023
EBITDA margin
4.3%
-58% vs 2023
Equity ratio
19.2%
Financial strength
Net profit 2024
NOK -1,3M
-151% vs 2023
EBITDA — year on year
NOK millions
10M
8M
5M
3M
0M
2M
2020
1M
-50%
2021
2M
+100%
2022
8M
+300%
2023
3M
-62%
2024
Key figures
Annual report 2024
Revenue
NOK 81,2M
+7%
EBITDA
NOK 3,5M
-58%
Net profit
NOK -1,3M
-151%
Total assets
NOK 46,8M
-16%
Equity
NOK 9M
-13%
Employees
20
—
Company information
Legal name
NINE DOWNHOLE NORWAY AS
Org number
821077672
Legal form
Aksjeselskap
NACE code
0910 · Support activities for petroleum and natural gas extraction
Founded
28. juni 2018
Share capital
NOK 30 000
Employees
20 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2024-12-31
Financial year
January – December
Signatory rights
Styrets leder alene.
Company purpose
Utvikling, service og salg av produkter til olje og gassnæringen og alt som står i forbindelse med slik virksomhet.
Contact
Address
Brurastien 48, 5265 Ytre Arna
Phone
+4794867558
Email
sales@fractechnology.com
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Revenue
NOK millions
0M
23M
47M
70M
93M
19M
2020
17M
2021
36M
2022
76M
2023
81M
2024
EBITDA
NOK millions
0M
2M
5M
7M
9M
2M
2020
1M
2021
2M
2022
8M
2023
3M
2024
Income statement
NOK thousands
Item
2020
2021
2022
2023
2024
Revenue
19 154
16 577
36 337
76 194
81 239
Staff expenses
−6 479
−6 754
−9 735
−13 374
−15 656
EBITDA
1 990
1 146
1 823
8 220
3 466
Depreciation & amort.
−118
−141
−243
−722
−982
EBIT
1 872
1 005
1 580
7 498
2 484
Net financials
202
−209
−137
−4 163
−3 771
Profit before tax
2 074
797
1 444
3 335
−1 287
Tax
457
189
292
788
−0
Net profit
1 616
608
1 151
2 547
−1 287
Balance sheet
NOK thousands
Item
2020
2021
2022
2023
2024
Total assets
8 348
9 582
37 729
55 958
46 781
Equity
5 957
6 565
7 716
10 263
8 976
Long-term debt
100
100
100
100
29 987
Short-term debt
2 291
2 917
29 913
45 595
7 817
Total debt
2 391
3 017
30 013
45 695
37 805
Financial ratios
5-year trend
EBITDA margin
4.3%
This company
15.8%
Market median
-73% vs market
2020
2024
Equity ratio
19.2%
This company
38.2%
Market median
-50% vs market
2020
2024
Return on equity
-14.3%
This company
18.4%
Market median
-178% vs market
2020
2024
Net profit margin
-1.6%
This company
8.1%
Market median
-120% vs market
2020
2024
Asset turnover
1.74×
This company
1.12×
Market median
+55% vs market
2020
2024
Debt / equity
4.21×
This company
0.62×
Market median
-579% vs market
2020
2024
Annual reports & filings
Annual report 2024
Filed via Brønnøysundsregistrene · Period 2024-01-01 – 2024-12-31
View
PDF
Annual report 2023
Filed via Brønnøysundsregistrene · Period 2023-01-01 – 2023-12-31
View
PDF
Annual report 2022
Filed via Brønnøysundsregistrene · Period 2022-01-01 – 2022-12-31
View
PDF
Annual report 2021
Filed via Brønnøysundsregistrene · Period 2021-01-01 – 2021-12-31
View
PDF
Annual report 2020
Filed via Brønnøysundsregistrene · Period 2020-01-01 – 2020-12-31
View
PDF
Management
Actively employed in the business
Name
Role
Member since
Current (1)
VB
Viggo Brandsdal
Chief Executive Officer
Chief Executive Officer
2019
Board of directors
Non-executive oversight
Name
Role
Member since
Current (1)
AG
Ann Gildroy Fox
Chairman
2018
Shareholders
As of last annual report
Shareholder
Type
Ownership
Votes
Since
Nine Downhole Technologies, Llc,
Company
100%
100%
2024
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Company hierarchy
No registered parent or subsidiaries
Board network connections
Board members of NINE DOWNHOLE NORWAY AS also hold positions in
0
other companies.
Person
Role here
Other companies
Viggo Brandsdal
Chief Executive Officer
0 companies
Ann Gildroy Fox
Chairman
0 companies