Riskpilot← Back to searchSign inGet full accessWESTCO PROPERTY AS
ASActiveOrg 918285296Myrvangveien 6, 4016 StavangerRental and operating of own or leased real estate · NACE 6820Est. 20160 employees
Revenue 2024
NOK 86,1M
+5% vs 2023
EBITDA margin
52.9%
-25% vs 2023
Equity ratio
84.6%
Financial strength
Net profit 2024
NOK 20,5M
-35% vs 2023
| Revenue | NOK 86,1M | +5% |
| EBITDA | NOK 45,6M | -25% |
| Net profit | NOK 20,5M | -35% |
| Total assets | NOK 729,7M | +13% |
| Equity | NOK 617,5M | +2% |
| Employees | 0 | — |
Legal name
WESTCO PROPERTY AS
Org number
918285296
Legal form
Aksjeselskap
NACE code
6820 · Rental and operating of own or leased real estate
Founded
21. desember 2016
Share capital
NOK 95 986
Employees
0
VAT registered
Yes
Audit selected
No
Last report
2024-12-31
Financial year
January – December
Signatory rights
Styrets leder alene.
Company purpose
Selskapets formål er utøvelse av forretningsvirksomhet innen eiendom og annen forretningsvirksomhet, herunder deltakelse i andre selskaper.
Address
Myrvangveien 6, 4016 Stavanger
Risika for professionals
Risika provides regulated workflow tools for finance, procurement and compliance teams that need monitoring, alerts and an API.
| Item | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | 73 370 | 74 692 | 75 529 | 82 283 | 86 147 |
| Staff expenses | −0 | −0 | −0 | −0 | −0 |
| EBITDA | 55 568 | 53 273 | 53 999 | 60 948 | 45 556 |
| Depreciation & amort. | −19 461 | −20 871 | −21 305 | −21 802 | −18 824 |
| EBIT | 36 107 | 32 402 | 32 694 | 39 146 | 26 732 |
| Net financials | 406 | 493 | 922 | 1 051 | −479 |
| Profit before tax | 36 513 | 32 895 | 33 616 | 40 198 | 26 254 |
| Tax | 8 033 | 7 234 | 7 396 | 8 869 | 5 776 |
| Net profit | 28 480 | 25 661 | 26 220 | 31 329 | 20 478 |
| Item | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Total assets | 643 560 | 644 458 | 638 415 | 646 054 | 729 665 |
| Equity | 578 086 | 578 154 | 577 168 | 606 695 | 617 498 |
| Long-term debt | 7 111 | 5 398 | 3 849 | 1 971 | 661 |
| Short-term debt | 58 362 | 60 905 | 57 398 | 37 388 | 111 506 |
| Total debt | 65 473 | 66 303 | 61 247 | 39 359 | 112 167 |
EBITDA margin
52.9%
This company
15.8%
Market median
+235% vs market
20202024
Equity ratio
84.6%
This company
38.2%
Market median
+121% vs market
20202024
Return on equity
3.3%
This company
18.4%
Market median
-82% vs market
20202024
Net profit margin
23.8%
This company
8.1%
Market median
+194% vs market
20202024
Asset turnover
0.12×
This company
1.12×
Market median
-89% vs market
20202024
Debt / equity
0.18×
This company
0.62×
Market median
+71% vs market
20202024
- 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
| Name | Role | Member since |
|---|---|---|
| Current (1) | ||
KT Chief Executive Officer | Chief Executive Officer | 2016 |
| Name | Role | Member since |
|---|---|---|
| Current (3) | ||
| Board of Directors | 2016 | |
| Chairman | 2016 | |
| Chairman | 2025 | |
| Shareholder | Type | Ownership | Votes | Since |
|---|---|---|---|---|
| Company | 100% | 100% | 2024 |
Beneficial ownership (UBO) data access is restricted in Denmark as of September 2025 per the EU 6th AML Directive. Learn more.
Westco Holding As
WESTCO PROPERTY AS Board members of WESTCO PROPERTY AS also hold positions in 0 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Kirsti Tønnessen | Chief Executive Officer | 0 companies |
| Trygve Kierulf | Board of Directors | 0 companies |
| Trygve Jacobsen | Chairman | 0 companies |
| Trond Jacobsen | Chairman | 0 companies |