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WEST ELEKTRO AS
AS
Active
Org 923556338
Electrical installation · NACE 4321
Est. 2019
4 employees
Watchlist
Share
Overview
Financials
People & ownership
Related companies
Revenue 2021
NOK 4,6M
+31% vs 2020
EBITDA margin
20.9%
+692% vs 2020
Equity ratio
14.9%
Financial strength
Net profit 2021
NOK 702K
+471% vs 2020
EBITDA — year on year
NOK millions
1M
1M
1M
0M
0M
0M
2019
0M
0%
2020
1M
+100%
2021
Key figures
Annual report 2021
Revenue
NOK 4,6M
+31%
EBITDA
NOK 970K
+692%
Net profit
NOK 702K
+471%
Total assets
NOK 3,4M
+61%
Equity
NOK 512K
+370%
Employees
4
—
Company information
Legal name
WEST ELEKTRO AS
Org number
923556338
Legal form
Aksjeselskap
NACE code
4321 · Electrical installation
Founded
7. oktober 2019
Share capital
NOK 3 000 000
Employees
4 (FTE)
VAT registered
No
Audit selected
No
Last report
2021-12-31
Financial year
January – December
Signatory rights
Daglig leder eller styrets leder alene.
Company purpose
Elektroinstallasjoner, salg av elektrisk materiell og det som står i forbindelse med dette.
Contact
Address
Phone
+4799027575
Email
post@havel.as
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Companies in Electrical installation
Companies in
All Norway companies
Revenue
NOK millions
0M
1M
3M
4M
6M
5M
2019
4M
2020
5M
2021
EBITDA
NOK millions
0M
0M
1M
1M
1M
0M
2019
0M
2020
1M
2021
Income statement
NOK thousands
Item
2019
2020
2021
Revenue
4 793
3 549
4 642
Staff expenses
−1 900
−1 425
−1 275
EBITDA
366
−164
970
Depreciation & amort.
−86
−79
−91
EBIT
280
−242
878
Net financials
−5
−12
−2
Profit before tax
275
−255
876
Tax
61
−65
199
Net profit
215
−189
702
Balance sheet
NOK thousands
Item
2019
2020
2021
Total assets
2 602
2 144
3 446
Equity
245
−190
512
Long-term debt
1 237
1 232
1 239
Short-term debt
1 120
1 102
1 695
Total debt
2 358
2 334
2 934
Financial ratios
5-year trend
EBITDA margin
20.9%
This company
15.8%
Market median
+32% vs market
2019
2021
Equity ratio
14.9%
This company
38.2%
Market median
-61% vs market
2019
2021
Return on equity
137.1%
This company
18.4%
Market median
+645% vs market
2019
2021
Net profit margin
15.1%
This company
8.1%
Market median
+86% vs market
2019
2021
Asset turnover
1.35×
This company
1.12×
Market median
+21% vs market
2019
2021
Debt / equity
5.73×
This company
0.62×
Market median
-824% vs market
2019
2021
Annual reports & filings
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
Annual report 2019
Filed via Brønnøysundsregistrene · Period 2019-09-19 – 2019-12-31
View
PDF
Management
Actively employed in the business
Name
Role
Member since
Current (1)
FH
Frank Havnerås
Chief Executive Officer
Chief Executive Officer
2019
Board of directors
Non-executive oversight
Name
Role
Member since
Current (1)
AO
Alf Olav Hjelmaas
Chairman
2022
Shareholders
As of last annual report
No shareholder data available.
Beneficial ownership (UBO) data access is restricted in Denmark as of September 2025 per the EU 6th AML Directive.
Learn more
.
Company hierarchy
No registered parent or subsidiaries
Board network connections
Board members of WEST ELEKTRO AS also hold positions in
0
other companies.
Person
Role here
Other companies
Frank Havnerås
Chief Executive Officer
0 companies
Alf Olav Hjelmaas
Chairman
0 companies