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XOCEAN NORWAY AS
AS
Active
Org 927120127
Grundingen 6, 0250 Oslo
Engineering activities and related technical consultancy · NACE 7112
Est. 2021
1 employees
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Overview
Financials
People & ownership
Related companies
Revenue 2024
NOK 1,7M
-48% vs 2023
EBITDA margin
5.4%
+117% vs 2023
Equity ratio
-556.2%
Financial strength
Net profit 2024
NOK 189K
+140% vs 2023
EBITDA — year on year
NOK millions
0M
-1M
-1M
-2M
-3M
-1M
2021
-2M
-100%
2022
-1M
+50%
2023
0M
+100%
2024
Key figures
Annual report 2024
Revenue
NOK 1,7M
-48%
EBITDA
NOK 90K
+117%
Net profit
NOK 189K
+140%
Total assets
NOK 524K
-37%
Equity
NOK -2,9M
+6%
Employees
1
—
Company information
Legal name
XOCEAN NORWAY AS
Org number
927120127
Legal form
Aksjeselskap
NACE code
7112 · Engineering activities and related technical consultancy
Founded
18. mai 2021
Share capital
NOK 30 000
Employees
1 (FTE)
VAT registered
No
Audit selected
No
Last report
2024-12-31
Financial year
January – December
Signatory rights
Styrets leder alene.
Company purpose
Innsamling av opplysninger og data i sjøen ved hjelp av ubemannede fartøyer.
Contact
Address
Grundingen 6, 0250 Oslo
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Explore
Companies in Engineering activities and related technical consultancy
Companies in Oslo
All Norway companies
Revenue
NOK millions
0M
1M
2M
3M
3M
0M
2021
0M
2022
3M
2023
2M
2024
EBITDA
NOK millions
0M
0M
1M
1M
1M
-1M
2021
-2M
2022
-1M
2023
0M
2024
Income statement
NOK thousands
Item
2021
2022
2023
2024
Revenue
0
0
3 186
1 661
Staff expenses
−0
−0
−0
−0
EBITDA
−964
−1 700
−545
90
Depreciation & amort.
−0
−0
−0
−0
EBIT
−964
−1 700
−545
90
Net financials
0
0
76
99
Profit before tax
−964
−1 700
−469
189
Tax
−0
−0
−0
−0
Net profit
−752
−1 912
−469
189
Balance sheet
NOK thousands
Item
2021
2022
2023
2024
Total assets
497
251
829
524
Equity
−722
−2 633
−3 102
−2 913
Long-term debt
0
0
0
0
Short-term debt
1 218
2 884
3 931
3 437
Total debt
1 218
2 884
3 931
3 437
Financial ratios
5-year trend
EBITDA margin
5.4%
This company
15.8%
Market median
-66% vs market
2021
2024
Equity ratio
-556.2%
This company
38.2%
Market median
-1556% vs market
2021
2024
Return on equity
18938800.0%
This company
18.4%
Market median
+102928161% vs market
2021
2024
Net profit margin
11.4%
This company
8.1%
Market median
+41% vs market
2021
2024
Asset turnover
3.17×
This company
1.12×
Market median
+183% vs market
2021
2024
Debt / equity
1.18×
This company
0.62×
Market median
-90% vs market
2021
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 2021-04-01 – 2021-12-31
View
PDF
Management
Actively employed in the business
No data on file.
Board of directors
Non-executive oversight
Name
Role
Member since
Current (2)
ED
Emma Dawn Ives
Board of Directors
2022
JI
James Ives
Chairman
2022
Former (2)
KB
Kristian Brekke Djuve
Chairman
2021 – 2021
RA
Rune Andersen
Chairman
2021 – 2022
Shareholders
As of last annual report
Shareholder
Type
Ownership
Votes
Since
Xocean Ltd
Company
100%
100%
2023
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
No registered parent or subsidiaries
Board network connections
Board members of XOCEAN NORWAY AS also hold positions in
0
other companies.
Person
Role here
Other companies
Kristian Brekke Djuve
Chairman
0 companies
Emma Dawn Ives
Board of Directors
0 companies
James Ives
Chairman
0 companies
Rune Andersen
Chairman
0 companies