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WITH SEA AS
AS
Active
Org 924821388
Fjordgata 50, 7010 Trondheim
Sea and coastal freight water transport · NACE 5020
Est. 2020
0 employees
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Overview
Financials
People & ownership
Related companies
Revenue 2024
NOK 53,2M
-20% vs 2023
EBITDA margin
4.7%
-31% vs 2023
Equity ratio
26.7%
Financial strength
Net profit 2024
NOK 1,9M
-31% vs 2023
EBITDA — year on year
NOK millions
5M
4M
3M
1M
0M
2M
2020
3M
+50%
2021
3M
0%
2022
4M
+33%
2023
2M
-50%
2024
Key figures
Annual report 2024
Revenue
NOK 53,2M
-20%
EBITDA
NOK 2,5M
-31%
Net profit
NOK 1,9M
-31%
Total assets
NOK 3,6M
-61%
Equity
NOK 965K
+25%
Employees
0
—
Company information
Legal name
WITH SEA AS
Org number
924821388
Legal form
Aksjeselskap
NACE code
5020 · Sea and coastal freight water transport
Founded
23. mars 2020
Share capital
NOK 30 000
Employees
0
VAT registered
Yes
Audit selected
No
Last report
2024-12-31
Financial year
January – December
Signatory rights
Styrets leder alene.
Company purpose
Formidling av transport av last til sjøs og annen naturlig tilhørende virksomhet.
Contact
Address
Fjordgata 50, 7010 Trondheim
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Companies in Sea and coastal freight water transport
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Revenue
NOK millions
0M
19M
38M
57M
76M
26M
2020
47M
2021
56M
2022
66M
2023
53M
2024
EBITDA
NOK millions
0M
1M
2M
3M
5M
2M
2020
3M
2021
3M
2022
4M
2023
2M
2024
Income statement
NOK thousands
Item
2020
2021
2022
2023
2024
Revenue
25 943
46 519
55 570
66 359
53 162
Staff expenses
−566
−820
−0
−0
−0
EBITDA
1 719
2 884
3 047
3 582
2 479
Depreciation & amort.
−5
−8
−8
−3
−0
EBIT
1 714
2 876
3 039
3 580
2 479
Net financials
2
−0
0
2
−3
Profit before tax
1 716
2 876
3 039
3 582
2 476
Tax
380
633
686
797
548
Net profit
1 336
2 243
2 354
2 785
1 928
Balance sheet
NOK thousands
Item
2020
2021
2022
2023
2024
Total assets
8 025
12 107
8 011
9 307
3 611
Equity
121
264
485
770
965
Long-term debt
1
0
1
0
0
Short-term debt
7 903
11 843
7 526
8 537
2 645
Total debt
7 903
11 843
7 526
8 537
2 645
Financial ratios
5-year trend
EBITDA margin
4.7%
This company
15.8%
Market median
-70% vs market
2020
2024
Equity ratio
26.7%
This company
38.2%
Market median
-30% vs market
2020
2024
Return on equity
199.8%
This company
18.4%
Market median
+986% vs market
2020
2024
Net profit margin
3.6%
This company
8.1%
Market median
-56% vs market
2020
2024
Asset turnover
14.72×
This company
1.12×
Market median
+1214% vs market
2020
2024
Debt / equity
2.74×
This company
0.62×
Market median
-342% 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 2020-03-11 – 2020-12-31
View
PDF
Management
Actively employed in the business
Name
Role
Member since
Current (1)
AH
Arild Hoff
Chief Executive Officer
Chief Executive Officer
2020
Board of directors
Non-executive oversight
Name
Role
Member since
Current (1)
IC
Ivar Christian Ulvan
Chairman
2020
Shareholders
As of last annual report
Shareholder
Type
Ownership
Votes
Since
Ulvan Personal As
Company
80%
80%
2024
Harald Knudsen
Individual
20%
20%
2024
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Company hierarchy
No registered parent or subsidiaries
Board network connections
Board members of WITH SEA AS also hold positions in
0
other companies.
Person
Role here
Other companies
Arild Hoff
Chief Executive Officer
0 companies
Ivar Christian Ulvan
Chairman
0 companies