Riskpilot← Back to searchSign inGet full accessSITEP AS
ASActiveOrg 920287875Verksvegen 5, 6884 Øvre ÅrdalEngineering activities and related technical consultancy · NACE 7112Est. 20186 employees
Revenue 2024
NOK 6,6M
+7% vs 2023
EBITDA margin
3.3%
-40% vs 2023
Equity ratio
8.3%
Financial strength
Net profit 2024
NOK -416K
-676% vs 2023
| Revenue | NOK 6,6M | +7% |
| EBITDA | NOK 215K | -40% |
| Net profit | NOK -416K | -676% |
| Total assets | NOK 5,4M | -11% |
| Equity | NOK 453K | -48% |
| Employees | 6 | — |
Legal name
SITEP AS
Org number
920287875
Legal form
Aksjeselskap
NACE code
7112 · Engineering activities and related technical consultancy
Founded
23. januar 2018
Share capital
NOK 800 000
Employees
6 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2024-12-31
Financial year
January – December
Signatory rights
Styrets leder alene.
Company purpose
Vera senter for teknologi, innovasjon og prosess. Selskapet skal bidra til auka kompetanse om teknologi, skape ein arena for å teste og trene på ny teknologi, skape grunnlag for auka innovasjon i eksisterande bedrifter og knoppskyting av nye bedrifter gjennom tilgang til ny teknologi. Selskapet kan og delta som aksjonær, eller på anna måte ved investering i andre verksemder. Selskapet si verksemd har ikkje til føremål å skaffe eigarane økonomisk utbytte. Ved oppløysing av selskapet skal midlar utover innbetalt aksjekapital, som blir tilbakebetalt til eigarane, tilfalle organisasjonar med føremål tilnærma selskapet sitt føremål.
Address
Verksvegen 5, 6884 Øvre Årdal
Email
frank.ovstetun@sitep.no
Risika for professionals
Risika provides regulated workflow tools for finance, procurement and compliance teams that need monitoring, alerts and an API.
| Item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|
| Revenue | 952 | 4 870 | 7 616 | 6 756 | 7 680 | 6 154 | 6 577 |
| Staff expenses | −532 | −2 878 | −3 722 | −4 258 | −4 368 | −4 189 | −4 589 |
| EBITDA | −379 | −234 | 934 | 474 | −121 | 361 | 215 |
| Depreciation & amort. | −9 | 0 | −0 | −0 | 0 | −22 | −39 |
| EBIT | −388 | −234 | 934 | 474 | −121 | 340 | 176 |
| Net financials | 0 | −142 | −165 | −140 | −220 | −268 | −592 |
| Profit before tax | −389 | −377 | 770 | 334 | −341 | 72 | −416 |
| Tax | −0 | −0 | −0 | −0 | −0 | −0 | −0 |
| Net profit | −389 | −377 | 770 | 334 | −341 | 72 | −416 |
| Item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|
| Total assets | 1 088 | 5 578 | 7 054 | 6 797 | 6 876 | 6 098 | 5 428 |
| Equity | 411 | 34 | 804 | 1 137 | 796 | 869 | 453 |
| Long-term debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Short-term debt | 677 | 5 544 | 2 250 | 2 045 | 2 854 | 2 279 | 2 288 |
| Total debt | 677 | 5 544 | 6 250 | 5 659 | 6 080 | 5 229 | 4 976 |
EBITDA margin
3.3%
This company
15.8%
Market median
-79% vs market
20182024
Equity ratio
8.3%
This company
38.2%
Market median
-78% vs market
20182024
Return on equity
-91.9%
This company
18.4%
Market median
-599% vs market
20182024
Net profit margin
-6.3%
This company
8.1%
Market median
-178% vs market
20182024
Asset turnover
1.21×
This company
1.12×
Market median
+8% vs market
20182024
Debt / equity
10.99×
This company
0.62×
Market median
-1673% vs market
20182024
- 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
| Name | Role | Member since | Age | Other directorships |
|---|---|---|---|---|
FØ Chief Executive Officer | Chief Executive Officer | 2018 | — | — |
| Name | Role | Member since | Age | Other directorships |
|---|---|---|---|---|
| Board of Directors | 2023 | — | — | |
| Board of Directors | 2024 | — | — | |
| Board of Directors | 2023 | — | — | |
| Chairman | 2026 | — | — | |
| Chairman | 2022 | — | — | |
| Board of Directors | 2023 | — | — | |
| Board of Directors | 2021 | — | — | |
| Board of Directors | 2023 | — | — | |
| Board of Directors | 2023 | — | — | |
| Board of Directors | 2023 | — | — | |
| Board of Directors | 2021 | — | — | |
| Board of Directors | 2023 | — | — | |
| Board of Directors | 2025 | — | — | |
| Chairman | 2023 | — | — | |
| Board of Directors | 2021 | — | — | |
| Board of Directors | 2024 | — | — | |
| Board of Directors | 2022 | — | — |
| Shareholder | Type | Ownership | Votes | Since |
|---|---|---|---|---|
Årdal Utvikling Sti | Company | 23.8% | 23.8% | 2023 |
Hydro Aluminium As | Company | 12.5% | 12.5% | 2023 |
Kunnskapsparken Vestland As | Company | 12.5% | 12.5% | 2023 |
Sitep As | Company | 12.5% | 12.5% | 2023 |
Sintef Manufacturing As | Company | 12.5% | 12.5% | 2022 |
Norsun As | Company | 12.5% | 12.5% | 2023 |
Årdalsnett As | Company | 7.5% | 7.5% | 2023 |
Hmr Hydeq As | Company | 6.3% | 6.3% | 2023 |
Prosess-Elektro As | Company | 6.3% | 6.3% | 2023 |
Impec As | Company | 6.3% | 6.3% | 2023 |
Beneficial ownership (UBO) data access is restricted in Denmark as of September 2025 per the EU 6th AML Directive. Learn more.
Årdal Utvikling Sti
SITEP AS Board members of SITEP AS also hold positions in 0 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Frank Øvstetun | Chief Executive Officer | 0 companies |
| Thomas Norheim Moen | Board of Directors | 0 companies |
| Anveig Bjordal Halkjelsvik | Board of Directors | 0 companies |
| Jarle Magne Teigen | Board of Directors | 0 companies |
| Geir Hansen | Chairman | 0 companies |
| Terje Laberg | Chairman | 0 companies |
| Ernst Ståle Øvstetun | Board of Directors | 0 companies |
| Tor Arne Fagerli | Board of Directors | 0 companies |
| Wenche Eldegard | Board of Directors | 0 companies |
| Endre Røyrvik | Board of Directors | 0 companies |
| Kjetil Kvåle | Board of Directors | 0 companies |
| Jan Stian Smedegård | Board of Directors | 0 companies |
| Erik Løkke-Øwre | Board of Directors | 0 companies |
| Svein Ove Jørgensen | Board of Directors | 0 companies |
| Are Indrelid | Chairman | 0 companies |
| Steinar Talle | Board of Directors | 0 companies |
| Thomas Moen Klingenberg | Board of Directors | 0 companies |
| Jon Sandvik | Board of Directors | 0 companies |