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WEST PIPING AS
AS
Active
Org 914725585
Litlås 21, 5954 Mongstad
Manufacture of other fabricated metal products n.e.c. · NACE 2599
Est. 2014
40 employees
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Share
Overview
Financials
People & ownership
Related companies
Revenue 2024
NOK 61,6M
-14% vs 2023
EBITDA margin
-0.1%
-101% vs 2023
Equity ratio
26.2%
Financial strength
Net profit 2024
NOK -1M
-118% vs 2023
EBITDA — year on year
NOK millions
10M
7M
3M
-0M
-4M
-3M
2020
0M
+100%
2021
5M
+500%
2022
8M
+60%
2023
0M
-100%
2024
Key figures
Annual report 2024
Revenue
NOK 61,6M
-14%
EBITDA
NOK -46K
-101%
Net profit
NOK -1M
-118%
Total assets
NOK 20,2M
-13%
Equity
NOK 5,3M
-16%
Employees
40
—
Company information
Legal name
WEST PIPING AS
Org number
914725585
Legal form
Aksjeselskap
NACE code
2599 · Manufacture of other fabricated metal products n.e.c.
Founded
23. desember 2014
Share capital
NOK 62 440
Employees
40 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2024-12-31
Financial year
January – December
Signatory rights
Daglig leder eller styrets leder hver for seg.
Company purpose
Produksjon med tilhørende service, samt handel.
Contact
Address
Litlås 21, 5954 Mongstad
Phone
+4756167220
Email
post@westpiping.no
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Revenue
NOK millions
0M
21M
41M
62M
83M
32M
2020
28M
2021
54M
2022
72M
2023
62M
2024
EBITDA
NOK millions
0M
2M
5M
7M
9M
-3M
2020
0M
2021
5M
2022
8M
2023
0M
2024
Income statement
NOK thousands
Item
2020
2021
2022
2023
2024
Revenue
32 015
28 229
54 014
71 855
61 637
Staff expenses
−24 032
−18 651
−32 719
−41 801
−41 164
EBITDA
−2 625
−209
5 213
7 984
−46
Depreciation & amort.
−282
−271
−264
−439
−554
EBIT
−2 906
−480
4 949
7 545
−601
Net financials
−170
−207
−209
−139
−416
Profit before tax
−3 076
−688
4 740
7 406
−1 017
Tax
−0
−0
189
1 644
−0
Net profit
−3 076
−688
4 551
5 761
−1 017
Balance sheet
NOK thousands
Item
2020
2021
2022
2023
2024
Total assets
9 619
8 967
12 553
23 309
20 187
Equity
−690
−1 377
2 504
6 315
5 298
Long-term debt
0
0
0
0
0
Short-term debt
10 311
10 344
10 049
16 994
14 889
Total debt
10 311
10 344
10 049
16 994
14 889
Financial ratios
5-year trend
EBITDA margin
-0.1%
This company
15.8%
Market median
-101% vs market
2020
2024
Equity ratio
26.2%
This company
38.2%
Market median
-31% vs market
2020
2024
Return on equity
-19.2%
This company
18.4%
Market median
-204% vs market
2020
2024
Net profit margin
-1.7%
This company
8.1%
Market median
-121% vs market
2020
2024
Asset turnover
3.05×
This company
1.12×
Market median
+172% vs market
2020
2024
Debt / equity
2.81×
This company
0.62×
Market median
-353% 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)
HH
Heine Haugen
Chief Executive Officer
Chief Executive Officer
2022
Board of directors
Non-executive oversight
Name
Role
Member since
Current (1)
EH
Enok Harald Haugen
Chairman
2014
Shareholders
As of last annual report
Shareholder
Type
Ownership
Votes
Since
E Haugen As
Company
100%
100%
2024
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Company hierarchy
E Haugen As
WEST PIPING AS
(this company)
Board network connections
Board members of WEST PIPING AS also hold positions in
0
other companies.
Person
Role here
Other companies
Heine Haugen
Chief Executive Officer
0 companies
Enok Harald Haugen
Chairman
0 companies