What is the Org number of ADVANTEC AS?

ADVANTEC AS is registered with Brønnøysundsregistrene under Org 887471282.

What is the revenue of ADVANTEC AS?

ADVANTEC AS reported revenue of NOK 303,1M in 2020.

How many employees does ADVANTEC AS have?

ADVANTEC AS employs 90 people as of the latest annual report.

Who is the CEO of ADVANTEC AS?

Kolbjørn Mehl is Chief Executive Officer of ADVANTEC AS, in role since 2020.

Who is the chairman of ADVANTEC AS?

Tom Huuse chairs the board of ADVANTEC AS, in role since 2021.

Where is ADVANTEC AS headquartered?

ADVANTEC AS's registered address is Eldøyane 175, 5411 Stord.

ADVANTEC AS

ASActive

Org 887471282Eldøyane 175, 5411 StordInnrednings- og installasjonsarbeid utført på oljeplattformer og moduler · NACE 30116Est. 200490 employeeswww.advantec.no

Full Risika report

Revenue 2020

NOK 303,1M

+22% vs 2019

EBITDA margin

-0.1%

+99% vs 2019

Equity ratio

65.2%

Financial strength

Net profit 2020

NOK -30,7M

+62% vs 2019

EBITDA — year on yearNOK millions

Key figuresAnnual report 2020

Revenue	NOK 303,1M	+22%
EBITDA	NOK -312K	+99%
Net profit	NOK -30,7M	+62%
Total assets	NOK 455,3M	-34%
Equity	NOK 296,7M	-9%
Employees	90	—

Item	2007	2008	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020
Revenue	0	175 959	155 209	133 524	215 928	245 720	223 370	233 499	212 891	148 009	190 440	263 184	248 604	303 116
Staff expenses	−0	−53 966	−60 988	−61 185	−71 908	−84 830	−92 170	−111 727	−115 692	−0	−126 126	−108 736	−0	−0
EBITDA	0	17 560	14 356	12 067	20 495	30 067	25 158	20 290	−8 878	29 054	−84 701	36 805	−50 547	−312
Depreciation & amort.	−0	−1 642	−1 802	−3 633	−4 106	−6 594	−19 092	−9 223	−16 977	−94 948	−36 735	−12 645	−38 431	−21 694
EBIT	0	15 918	12 554	8 433	16 388	23 473	6 066	11 067	−25 854	−65 894	−121 437	24 160	−88 978	−22 006
Net financials	0	304	−2 578	−810	−236	−2 307	−397	−9 048	136 910	−73 401	14 356	74 517	−11 634	−14 683
Profit before tax	0	16 222	9 976	7 623	16 152	21 166	5 668	2 019	111 056	−139 296	−107 081	98 677	−100 611	−36 689
Tax	−0	4 561	3 385	2 158	4 566	5 669	1 139	2 099	−9 874	−17 696	−28 111	4 748	−19 192	−6 007
Net profit	0	11 661	6 591	5 465	11 586	15 497	4 530	−80	120 931	−121 599	−78 969	93 929	−81 419	−30 683

Item	2007	2008	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020
Total assets	—	67 314	74 163	85 464	127 242	181 392	357 236	399 322	590 224	413 096	401 903	571 861	691 991	455 328
Equity	—	15 173	21 620	28 186	31 738	47 235	68 977	67 959	244 196	164 889	85 920	414 856	327 408	296 725
Long-term debt	0	−150	0	0	0	11 316	166 015	192 203	242 836	19 039	0	1 133	0	0
Short-term debt	0	48 583	38 580	43 437	87 857	122 840	122 244	139 159	103 192	229 169	315 984	155 871	364 583	158 603
Total debt	0	51 992	52 542	57 278	95 504	134 157	288 259	331 362	346 028	248 207	315 984	157 004	364 583	158 603

Name	Role	Member since	Age	Other directorships
KM Kolbjørn Mehl Chief Executive Officer	Chief Executive Officer	2020	—	—

Name	Role	Member since	Age	Other directorships
BG Bjørn Gundersen	Board of Directors	2021	—	—
GO Gunnar Oksefjell	Board of Directors	2021	—	—
EO Espen Ogne	Board of Directors	2021	—	—
TH Tom Huuse	Chairman	2021	—	—

Shareholder	Type	Ownership	Votes	Since
Vetco Gray Scandinavia As	Company	100.0%	100.0%	2022

Person	Role here	Other companies
Kolbjørn Mehl	Chief Executive Officer	0 companies
Bjørn Gundersen	Board of Directors	0 companies
Gunnar Oksefjell	Board of Directors	0 companies
Espen Ogne	Board of Directors	0 companies
Tom Huuse	Chairman	0 companies