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GEO EQUIPMENT AS
AS
Active
Org 920816916
Keiser Wilhelms Gate 23, 6003 Ålesund
Rental and leasing of other machinery, equipment and tangible goods n.e.c. · NACE 7739
Est. 2018
0 employees
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Overview
Financials
People & ownership
Related companies
Revenue 2024
NOK 3,2M
0% vs 2023
EBITDA margin
20.9%
-56% vs 2023
Equity ratio
4.0%
Financial strength
Net profit 2024
NOK 499K
-59% vs 2023
EBITDA — year on year
NOK millions
3M
2M
1M
1M
0M
0M
2020
0M
0%
2021
0M
0%
2022
2M
+200%
2023
1M
-50%
2024
Key figures
Annual report 2024
Revenue
NOK 3,2M
+0%
EBITDA
NOK 665K
-56%
Net profit
NOK 499K
-59%
Total assets
NOK 2,5M
-39%
Equity
NOK 100K
+0%
Employees
0
—
Company information
Legal name
GEO EQUIPMENT AS
Org number
920816916
Legal form
Aksjeselskap
NACE code
7739 · Rental and leasing of other machinery, equipment and tangible goods n.e.c.
Founded
4. mai 2018
Share capital
NOK 100 000
Employees
0
VAT registered
Yes
Audit selected
No
Last report
2024-12-31
Financial year
January – December
Signatory rights
To styremedlemmer i fellesskap. Styrets leder alene.
Company purpose
Kjøp, salg og utleie av utstyr og driftsløsøre til bruk i maritim virksomhet.
Contact
Address
Keiser Wilhelms Gate 23, 6003 Ålesund
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Explore
Companies in Rental and leasing of other machinery, equipment and tangible goods n.e.c.
Companies in Ålesund
All Norway companies
Revenue
NOK millions
0M
1M
2M
3M
3M
2M
2020
2M
2021
2M
2022
3M
2023
3M
2024
EBITDA
NOK millions
0M
1M
1M
2M
2M
0M
2020
0M
2021
0M
2022
2M
2023
1M
2024
Income statement
NOK thousands
Item
2020
2021
2022
2023
2024
Revenue
1 588
1 692
1 541
3 182
3 184
Staff expenses
−0
−0
−0
−0
−0
EBITDA
376
321
115
1 510
665
Depreciation & amort.
−0
−0
−0
−0
−0
EBIT
376
321
115
1 510
665
Net financials
−46
3
11
46
136
Profit before tax
330
324
126
1 556
800
Tax
73
71
28
342
301
Net profit
257
252
99
1 213
499
Balance sheet
NOK thousands
Item
2020
2021
2022
2023
2024
Total assets
994
1 353
2 182
4 128
2 515
Equity
100
100
100
100
100
Long-term debt
0
0
0
0
0
Short-term debt
894
1 253
2 082
4 028
2 415
Total debt
894
1 253
2 082
4 028
2 415
Financial ratios
5-year trend
EBITDA margin
20.9%
This company
15.8%
Market median
+32% vs market
2020
2024
Equity ratio
4.0%
This company
38.2%
Market median
-90% vs market
2020
2024
Return on equity
499.4%
This company
18.4%
Market median
+2614% vs market
2020
2024
Net profit margin
15.7%
This company
8.1%
Market median
+94% vs market
2020
2024
Asset turnover
1.27×
This company
1.12×
Market median
+13% vs market
2020
2024
Debt / equity
24.15×
This company
0.62×
Market median
-3795% 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
No data on file.
Board of directors
Non-executive oversight
Name
Role
Member since
Current (2)
SR
Sigurd Rekkedal
Board of Directors
2019
NM
Noralf Matre
Chairman
2019
Shareholders
As of last annual report
Shareholder
Type
Ownership
Votes
Since
Westcon Geo As
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
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Company hierarchy
Matre I As
Westcon Group As
Westcon Geo As
GEO EQUIPMENT AS
(this company)
Board network connections
Board members of GEO EQUIPMENT AS also hold positions in
0
other companies.
Person
Role here
Other companies
Sigurd Rekkedal
Board of Directors
0 companies
Noralf Matre
Chairman
0 companies