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THOR WESTAD AS
AS
Active
Org 917314357
Nesbruveien 82B, 1394 Nesbru
Wholesale of machine tools · NACE 4662
Est. 1962
0 employees
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Overview
Financials
People & ownership
Related companies
Revenue 2024
NOK 2,3M
-77% vs 2023
EBITDA margin
47.3%
-87% vs 2023
Equity ratio
77.0%
Financial strength
Net profit 2024
NOK 942K
-86% vs 2023
EBITDA — year on year
NOK millions
10M
8M
5M
3M
0M
0M
2020
0M
0%
2021
0M
0%
2022
8M
+800%
2023
1M
-87%
2024
Key figures
Annual report 2024
Revenue
NOK 2,3M
-77%
EBITDA
NOK 1,1M
-87%
Net profit
NOK 942K
-86%
Total assets
NOK 72,2M
-5%
Equity
NOK 55,5M
+2%
Employees
0
—
Company information
Legal name
THOR WESTAD AS
Org number
917314357
Legal form
Aksjeselskap
NACE code
4662 · Wholesale of machine tools
Founded
20. desember 1962
Share capital
NOK 1 350 000
Employees
0
VAT registered
Yes
Audit selected
No
Last report
2024-12-31
Financial year
January – December
Company purpose
Import/eksport, salg av teknisk utstyr og instrumenter samt teknisk agentur- og konsulentvirksomhet, utleie samt deltagelse i andre selskaper.
Contact
Address
Nesbruveien 82B, 1394 Nesbru
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Companies in Wholesale of machine tools
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All Norway companies
Revenue
NOK millions
0M
3M
6M
9M
12M
1M
2020
1M
2021
1M
2022
10M
2023
2M
2024
EBITDA
NOK millions
0M
2M
5M
7M
9M
0M
2020
0M
2021
0M
2022
8M
2023
1M
2024
Income statement
NOK thousands
Item
2020
2021
2022
2023
2024
Revenue
1 376
1 482
1 495
9 813
2 298
Staff expenses
−0
−0
−0
−0
−5
EBITDA
306
469
394
8 059
1 087
Depreciation & amort.
−395
−395
−405
−405
−405
EBIT
−89
74
−12
7 654
682
Net financials
92
66
171
985
528
Profit before tax
3
140
159
8 638
1 210
Tax
−1
28
32
1 752
268
Net profit
4
111
127
6 886
942
Balance sheet
NOK thousands
Item
2020
2021
2022
2023
2024
Total assets
51 743
52 815
53 932
76 181
72 156
Equity
47 471
47 583
47 710
54 596
55 538
Long-term debt
4 067
4 867
5 380
20 932
15 823
Short-term debt
204
365
842
653
795
Total debt
4 271
5 232
6 222
21 585
16 618
Financial ratios
5-year trend
EBITDA margin
47.3%
This company
15.8%
Market median
+199% vs market
2020
2024
Equity ratio
77.0%
This company
38.2%
Market median
+102% vs market
2020
2024
Return on equity
1.7%
This company
18.4%
Market median
-91% vs market
2020
2024
Net profit margin
41.0%
This company
8.1%
Market median
+406% vs market
2020
2024
Asset turnover
0.03×
This company
1.12×
Market median
-97% vs market
2020
2024
Debt / equity
0.30×
This company
0.62×
Market median
+52% 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)
KT
Katherine Thu Van Nguyen Chow
Deputy Member
Deputy Member
2012
Board of directors
Non-executive oversight
Name
Role
Member since
Current (1)
RW
Roar Westad
Chairman
2012
Shareholders
As of last annual report
No shareholder data available.
Beneficial ownership (UBO) data access is restricted in Denmark as of September 2025 per the EU 6th AML Directive.
Learn more
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Company hierarchy
THOR WESTAD AS
(this company)
ING WESTAD AS
Board network connections
Board members of THOR WESTAD AS also hold positions in
0
other companies.
Person
Role here
Other companies
Katherine Thu Van Nguyen Chow
Deputy Member
0 companies
Roar Westad
Chairman
0 companies