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SITEX AS
AS
Active
Org 921641419
Stålfjæra 9, 0975 Oslo
Construction of utility projects for electricity and telecommunications · NACE 4222
Est. 2018
11 employees
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Overview
Financials
People & ownership
Related companies
Revenue 2024
NOK 15,8M
+29% vs 2023
EBITDA margin
7.9%
+662% vs 2023
Equity ratio
34.1%
Financial strength
Net profit 2024
NOK 487K
+301% vs 2023
EBITDA — year on year
NOK millions
1M
1M
1M
0M
0M
1M
2020
1M
0%
2021
1M
0%
2022
0M
-100%
2023
1M
+100%
2024
Key figures
Annual report 2024
Revenue
NOK 15,8M
+29%
EBITDA
NOK 1,2M
+662%
Net profit
NOK 487K
+301%
Total assets
NOK 7,3M
+34%
Equity
NOK 2,5M
+24%
Employees
11
—
Company information
Legal name
SITEX AS
Org number
921641419
Legal form
Aksjeselskap
NACE code
4222 · Construction of utility projects for electricity and telecommunications
Founded
1. november 2018
Share capital
NOK 30 000
Employees
11 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2024-12-31
Financial year
January – December
Signatory rights
Styrets leder alene eller daglig leder alene.
Company purpose
Utbygging av telekommunikasjon og elektriske installasjoner.
Contact
Address
Stålfjæra 9, 0975 Oslo
Email
cgoldman@sitexgroup.com
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Explore
Companies in Construction of utility projects for electricity and telecommunications
Companies in Oslo
All Norway companies
Revenue
NOK millions
0M
5M
9M
14M
18M
4M
2020
7M
2021
10M
2022
12M
2023
16M
2024
EBITDA
NOK millions
0M
0M
1M
1M
1M
1M
2020
1M
2021
1M
2022
0M
2023
1M
2024
Income statement
NOK thousands
Item
2020
2021
2022
2023
2024
Revenue
4 161
7 052
9 874
12 298
15 829
Staff expenses
−2 695
−4 106
−6 138
−8 288
−9 886
EBITDA
602
1 045
911
163
1 243
Depreciation & amort.
−58
−62
−182
−410
−528
EBIT
544
983
728
−246
716
Net financials
−9
−3
−7
−64
−89
Profit before tax
535
980
722
−310
626
Tax
119
216
162
−68
139
Net profit
417
765
560
−242
487
Balance sheet
NOK thousands
Item
2020
2021
2022
2023
2024
Total assets
2 065
3 215
4 429
5 453
7 331
Equity
932
1 697
2 257
2 014
2 501
Long-term debt
139
106
234
978
1 734
Short-term debt
994
1 412
1 939
2 461
3 096
Total debt
1 133
1 518
2 173
3 439
4 829
Financial ratios
5-year trend
EBITDA margin
7.9%
This company
15.8%
Market median
-50% vs market
2020
2024
Equity ratio
34.1%
This company
38.2%
Market median
+11% vs market
2020
2024
Return on equity
19.5%
This company
18.4%
Market median
+6% vs market
2020
2024
Net profit margin
3.1%
This company
8.1%
Market median
-62% vs market
2020
2024
Asset turnover
2.16×
This company
1.12×
Market median
+93% vs market
2020
2024
Debt / equity
1.93×
This company
0.62×
Market median
-211% 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)
HH
Håvard Hovda Kollen
Chief Executive Officer
Chief Executive Officer
2018
Board of directors
Non-executive oversight
Name
Role
Member since
Current (1)
SM
Stian Mobæk
Chairman
2018
Shareholders
As of last annual report
Shareholder
Type
Ownership
Votes
Since
H Kollen As
Company
50%
50%
2023
Mobæk Holding As
Company
50%
50%
2023
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Company hierarchy
Mobæk Holding As
SITEX AS
(this company)
Board network connections
Board members of SITEX AS also hold positions in
0
other companies.
Person
Role here
Other companies
Håvard Hovda Kollen
Chief Executive Officer
0 companies
Stian Mobæk
Chairman
0 companies