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W INITIATIVE STI
STI
Active
Org 927931192
Kverva 101, 7266 Kverva
Activities of other membership organisations n.e.c. · NACE 9499
Est. 2021
0 employees
w-initiative.com
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Overview
Financials
People & ownership
Related companies
Revenue 2024
NOK 127,7M
+16% vs 2023
EBITDA margin
98.0%
+16% vs 2023
Equity ratio
99.9%
Financial strength
Net profit 2024
NOK 125,9M
+16% vs 2023
EBITDA — year on year
NOK millions
156M
116M
76M
35M
-5M
0M
2021
-4M
-400%
2022
108M
+2800%
2023
125M
+16%
2024
Key figures
Annual report 2024
Revenue
NOK 127,7M
+16%
EBITDA
NOK 125,1M
+16%
Net profit
NOK 125,9M
+16%
Total assets
NOK 318,8M
+52%
Equity
NOK 318,4M
+53%
Employees
0
—
Company information
Legal name
W INITIATIVE STI
Org number
927931192
Legal form
Stiftelse
NACE code
9499 · Activities of other membership organisations n.e.c.
Founded
30. september 2021
Share capital
—
Employees
0
VAT registered
No
Audit selected
No
Last report
2024-12-31
Financial year
January – December
Contact
Address
Kverva 101, 7266 Kverva
Website
w-initiative.com
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Companies in Activities of other membership organisations n.e.c.
Companies in Frøya
All Norway companies
Revenue
NOK millions
0M
37M
74M
110M
147M
0M
2021
2M
2022
110M
2023
128M
2024
EBITDA
NOK millions
0M
36M
72M
108M
144M
0M
2021
-4M
2022
108M
2023
125M
2024
Income statement
NOK thousands
Item
2021
2022
2023
2024
Revenue
0
2 246
109 771
127 651
Staff expenses
−0
−175
−0
−283
EBITDA
−14
−3 525
107 685
125 080
Depreciation & amort.
−0
−0
−0
−0
EBIT
−14
−3 525
107 685
125 080
Net financials
116
207
430
840
Profit before tax
103
−3 318
108 115
125 920
Tax
−0
−0
−0
−0
Net profit
103
−3 318
108 115
125 920
Balance sheet
NOK thousands
Item
2021
2022
2023
2024
Total assets
107 566
104 393
209 577
318 843
Equity
107 553
104 109
208 523
318 370
Long-term debt
0
0
0
0
Short-term debt
14
283
1 054
473
Total debt
14
283
1 054
473
Financial ratios
5-year trend
EBITDA margin
98.0%
This company
15.8%
Market median
+520% vs market
2021
2024
Equity ratio
99.9%
This company
38.2%
Market median
+162% vs market
2021
2024
Return on equity
39.6%
This company
18.4%
Market median
+115% vs market
2021
2024
Net profit margin
98.6%
This company
8.1%
Market median
+1117% vs market
2021
2024
Asset turnover
0.40×
This company
1.12×
Market median
-64% vs market
2021
2024
Debt / equity
0.00×
This company
0.62×
Market median
+100% 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 2021-09-30 – 2021-12-31
View
PDF
Management
Actively employed in the business
Name
Role
Member since
Current (1)
EB
Eirik Bøe Sletten
Chief Executive Officer
Chief Executive Officer
2021
Board of directors
Non-executive oversight
Name
Role
Member since
Current (5)
HR
Herindrasana Ramampiaro
Board of Directors
2021
MH
Magnus Handberg Witzøe
Board of Directors
2021
KJ
Kristina Jørgensen
Board of Directors
2021
EK
Elisabeth Kleivhaug Vesterbekkmo
Board of Directors
2021
GM
Gustav Magnar Witzøe
Chairman
2021
Former (1)
MW
Magnus Witzøe
Board of Directors
2021 – 2025
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 W INITIATIVE STI also hold positions in
0
other companies.
Person
Role here
Other companies
Eirik Bøe Sletten
Chief Executive Officer
0 companies
Herindrasana Ramampiaro
Board of Directors
0 companies
Magnus Handberg Witzøe
Board of Directors
0 companies
Kristina Jørgensen
Board of Directors
0 companies
Magnus Witzøe
Board of Directors
0 companies
Elisabeth Kleivhaug Vesterbekkmo
Board of Directors
0 companies
Gustav Magnar Witzøe
Chairman
0 companies