Riskpilot← Back to searchSign inGet full accessOLYMPIC ARES AS
ASActiveOrg 915488277Holmsildgata 12, 6090 FosnavågSupport activities for petroleum and natural gas extraction · NACE 0910Est. 20150 employees
Revenue 2024
NOK 127,3M
+28% vs 2023
EBITDA margin
92.6%
+80% vs 2023
Equity ratio
53.7%
Financial strength
Net profit 2024
NOK 200,6M
+516% vs 2023
| Revenue | NOK 127,3M | +28% |
| EBITDA | NOK 117,9M | +80% |
| Net profit | NOK 200,6M | +516% |
| Total assets | NOK 595,4M | +18% |
| Equity | NOK 319,4M | +169% |
| Employees | 0 | — |
Legal name
OLYMPIC ARES AS
Org number
915488277
Legal form
Aksjeselskap
NACE code
0910 · Support activities for petroleum and natural gas extraction
Founded
5. juni 2015
Share capital
NOK 200 030 000
Employees
0
VAT registered
Yes
Audit selected
No
Last report
2024-12-31
Financial year
January – December
Signatory rights
To styremedlemmer i fellesskap eller styrets leder alene.
Company purpose
Eie og utleie av offshorefartøy samt det som naturlig hører til dette.
Address
Holmsildgata 12, 6090 Fosnavåg
Risika for professionals
Risika provides regulated workflow tools for finance, procurement and compliance teams that need monitoring, alerts and an API.
| Item | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 131 257 | 132 189 | 101 693 | 47 128 | 48 211 | 43 900 | 32 820 | 53 273 | 99 232 | 127 320 |
| Staff expenses | −0 | −73 | −2 942 | −6 357 | −0 | −0 | −0 | −0 | −0 | −0 |
| EBITDA | 109 549 | −106 284 | 244 367 | 33 331 | 27 821 | −26 548 | 27 809 | 109 275 | 65 588 | 117 899 |
| Depreciation & amort. | −0 | −16 326 | −15 336 | −15 268 | −15 759 | −17 234 | −17 517 | −17 773 | −18 375 | −26 502 |
| EBIT | 109 549 | −122 610 | 229 031 | 18 063 | 12 061 | −43 782 | 10 292 | 91 502 | 47 213 | 91 397 |
| Net financials | −19 931 | −86 332 | −20 138 | −15 756 | −10 875 | −141 403 | −14 354 | −17 100 | −14 658 | 109 198 |
| Profit before tax | 89 618 | −208 942 | 208 893 | 2 307 | 1 186 | −185 185 | −4 062 | 74 402 | 32 555 | 200 595 |
| Tax | −2 249 | 3 428 | −0 | −0 | −0 | −0 | −0 | −0 | −0 | −0 |
| Net profit | 91 867 | −212 370 | 208 893 | 2 307 | 1 186 | −185 185 | −4 062 | 74 402 | 32 555 | 200 595 |
| Item | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | 784 337 | 534 984 | 614 810 | 627 146 | 620 409 | 445 214 | 444 009 | 502 998 | 503 383 | 595 362 |
| Equity | 201 120 | −11 250 | 197 643 | 199 950 | 201 136 | 15 951 | 11 889 | 86 292 | 118 847 | 319 442 |
| Long-term debt | 420 393 | 416 854 | 413 856 | 413 047 | 409 196 | 410 432 | 425 443 | 406 701 | 360 508 | 260 753 |
| Short-term debt | 162 823 | 129 380 | 3 310 | 14 149 | 10 077 | 18 830 | 6 677 | 10 006 | 24 028 | 15 167 |
| Total debt | 583 217 | 546 234 | 417 166 | 427 196 | 419 273 | 429 263 | 432 119 | 416 706 | 384 536 | 275 920 |
EBITDA margin
92.6%
This company
15.8%
Market median
+486% vs market
20152024
Equity ratio
53.7%
This company
38.2%
Market median
+41% vs market
20152024
Return on equity
62.8%
This company
18.4%
Market median
+241% vs market
20152024
Net profit margin
157.6%
This company
8.1%
Market median
+1846% vs market
20152024
Asset turnover
0.21×
This company
1.12×
Market median
-81% vs market
20152024
Debt / equity
0.86×
This company
0.62×
Market median
+39% vs market
20152024
- Annual report 2024Filed via Brønnøysundsregistrene · Period 2024-01-01 – 2024-12-31
- Annual report 2023Filed via Brønnøysundsregistrene · Period 2023-01-01 – 2023-12-31
- Annual report 2022Filed via Brønnøysundsregistrene · Period 2022-01-01 – 2022-12-31
- Annual report 2021Filed via Brønnøysundsregistrene · Period 2021-01-01 – 2021-12-31
- Annual report 2020Filed via Brønnøysundsregistrene · Period 2020-01-01 – 2020-12-31
- Annual report 2019Filed via Brønnøysundsregistrene · Period 2019-01-01 – 2019-12-31
- Annual report 2018Filed via Brønnøysundsregistrene · Period 2018-01-01 – 2018-12-31
- Annual report 2017Filed via Brønnøysundsregistrene · Period 2017-01-01 – 2017-12-31
- Annual report 2016Filed via Brønnøysundsregistrene · Period 2016-01-01 – 2016-12-31
- Annual report 2015Filed via Brønnøysundsregistrene · Period 2015-01-01 – 2015-12-31
| Name | Role | Member since | Age | Other directorships |
|---|---|---|---|---|
BI Chief Executive Officer | Chief Executive Officer | 2015 | — | — |
| Name | Role | Member since | Age | Other directorships |
|---|---|---|---|---|
| Board of Directors | 2021 | — | — | |
| Board of Directors | 2023 | — | — | |
| Chairman | 2021 | — | — | |
| Board of Directors | 2015 | — | — |
| Shareholder | Type | Ownership | Votes | Since |
|---|---|---|---|---|
Olympic Offshore As | Company | 100.0% | 100.0% | 2024 |
Beneficial ownership (UBO) data access is restricted in Denmark as of September 2025 per the EU 6th AML Directive. Learn more.
Olympic Subsea Asa
OLYMPIC ARES AS Board members of OLYMPIC ARES AS also hold positions in 0 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Bjørn Inge Kvalsund | Chief Executive Officer | 0 companies |
| Karl Eirik Frøysa Hansen | Board of Directors | 0 companies |
| Renathe Helene Nesseth | Board of Directors | 0 companies |
| Stig Rune Remøy | Chairman | 0 companies |
| John Arne Winsnes | Board of Directors | 0 companies |