Riskpilot← Back to searchSign inGet full accessREACH SUBSEA ASA
ASAActiveOrg 922493626Møllervegen 6, 5525 HaugesundEngineering activities and related technical consultancy · NACE 7112Est. 19095 employeeswww.reachsubsea.com
Revenue 2024
NOK 26,4M
+25% vs 2023
EBITDA margin
-34.7%
-49% vs 2023
Equity ratio
66.9%
Financial strength
Net profit 2024
NOK 14,9M
-27% vs 2023
| Revenue | NOK 26,4M | +25% |
| EBITDA | NOK -9,2M | -49% |
| Net profit | NOK 14,9M | -27% |
| Total assets | NOK 881,9M | -22% |
| Equity | NOK 589,8M | -12% |
| Employees | 5 | — |
Legal name
REACH SUBSEA ASA
Org number
922493626
Legal form
Allmennaksjeselskap
NACE code
7112 · Engineering activities and related technical consultancy
Founded
19. august 1909
Share capital
NOK 327 377 982
Employees
5 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2024-12-31
Financial year
January – December
Company purpose
Yte ingeniør-, konstruksjons- og servicetjenester for offshoreenergiindustrien, skipsfart og annen transportvirksomhet gjennom eierskap og/eller drift, deltakelse i slik virksomhet gjennom ander selskaper, samt tilhørende virksomhet.
Address
Møllervegen 6, 5525 Haugesund
Phone
+4740007710
Email
post@reachsubsea.no
Website
www.reachsubsea.com
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 | 72 046 | 9 911 | 18 369 | 21 157 | 26 444 |
| Staff expenses | −0 | −0 | −0 | −0 | −0 |
| EBITDA | −4 974 | −4 087 | −4 988 | −6 137 | −9 164 |
| Depreciation & amort. | −0 | −0 | −0 | −0 | −0 |
| EBIT | −4 974 | −4 087 | −4 988 | −6 137 | −9 164 |
| Net financials | 33 011 | 85 105 | 70 077 | 31 334 | 29 605 |
| Profit before tax | 28 037 | 81 018 | 65 089 | 25 197 | 20 441 |
| Tax | −0 | −0 | −0 | −0 | −0 |
| Net profit | 28 037 | 96 042 | 50 766 | 20 582 | 14 939 |
| Item | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Total assets | 255 613 | 324 019 | 601 361 | 1 130 750 | 881 938 |
| Equity | 220 235 | 279 523 | 546 511 | 671 107 | 589 798 |
| Long-term debt | 0 | 0 | 0 | 0 | 0 |
| Short-term debt | 35 378 | 44 495 | 54 850 | 459 643 | 292 140 |
| Total debt | 35 378 | 44 495 | 54 850 | 459 643 | 292 140 |
EBITDA margin
-34.7%
This company
15.8%
Market median
-320% vs market
20202024
Equity ratio
66.9%
This company
38.2%
Market median
+75% vs market
20202024
Return on equity
2.5%
This company
18.4%
Market median
-86% vs market
20202024
Net profit margin
56.5%
This company
8.1%
Market median
+598% vs market
20202024
Asset turnover
0.03×
This company
1.12×
Market median
-97% vs market
20202024
Debt / equity
0.50×
This company
0.62×
Market median
+19% 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) | ||
JA Chief Executive Officer | Chief Executive Officer | 2014 |
| Name | Role | Member since |
|---|---|---|
| Current (7) | ||
| Board of Directors | 2022 | |
| Board of Directors | 2022 | |
| Board of Directors | 2022 | |
| Board of Directors | 2022 | |
| Chairman | 2022 | |
| Board of Directors | 2022 | |
| Board of Directors | 2022 | |
| Former (3) | ||
| Board of Directors | 2020 – 2022 | |
| Board of Directors | 2022 – 2023 | |
| Deputy Chairman | 2022 – 2022 | |
| Shareholder | Type | Ownership | Votes | Since |
|---|---|---|---|---|
| Company | 20.43% | 20.43% | 2022 | |
| Company | 18.44% | 18.44% | 2024 | |
| Company | 17.98% | 17.98% | 2024 | |
| Company | 10.3% | 10.3% | 2024 | |
| Company | 4.86% | 4.86% | 2022 | |
Citibank, N.A. | Company | 4.16% | 4.16% | 2024 |
| Company | 3.22% | 3.22% | 2022 | |
J.P. Morgan Se | Company | 3.1% | 3.1% | 2024 |
| Company | 2.14% | 2.14% | 2024 | |
| Company | 2.08% | 2.08% | 2024 | |
Caceis Bank | Company | 1.86% | 1.86% | 2024 |
| Company | 1.77% | 1.77% | 2024 | |
Pershing Llc | Company | 1.39% | 1.39% | 2024 |
| Company | 1.33% | 1.33% | 2024 | |
| Company | 1.29% | 1.29% | 2024 | |
| Company | 1.29% | 1.29% | 2024 | |
| Company | 1.29% | 1.29% | 2024 | |
| Company | 1.05% | 1.05% | 2024 |
Beneficial ownership (UBO) data access is restricted in Denmark as of September 2025 per the EU 6th AML Directive. Learn more.
Isfjorden As
REACH SUBSEA ASA Board members of REACH SUBSEA ASA also hold positions in 0 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Jostein Alendal | Chief Executive Officer | 0 companies |
| Ingunn Øvereng Iveland | Board of Directors | 0 companies |
| Anders Onarheim | Board of Directors | 0 companies |
| Arvid Ståle Pettersen | Board of Directors | 0 companies |
| Espen Gjerde | Board of Directors | 0 companies |
| Sverre Bengt Mikkelsen | Board of Directors | 0 companies |
| Rachid Bendriss | Chairman | 0 companies |
| Martha Kold Monclair | Board of Directors | 0 companies |
| Martha Kold Bakkevig | Board of Directors | 0 companies |
| Kåre Johannes Lie | Deputy Chairman | 0 companies |
| Kristine Elisabeth Skeie | Board of Directors | 0 companies |