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COMPOSITE WELL TECHNOLOGY AS
AS
Active
Org 929361725
Jakob Askelands vei 13, 4314 Sandnes
Engineering activities and related technical consultancy · NACE 7112
Est. 2022
1 employees
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Full Risika report
Overview
Financials
People & ownership
Related companies
Revenue 2024
NOK 0
EBITDA margin
—
+72% vs 2023
Equity ratio
92.1%
Financial strength
Net profit 2024
NOK -13K
+72% vs 2023
EBITDA — year on year
NOK millions
0M
0M
1M
1M
1M
0M
2022
0M
0%
2023
0M
0%
2024
Key figures
Annual report 2024
Revenue
NOK 0
—
EBITDA
NOK -13K
+72%
Net profit
NOK -13K
+72%
Total assets
NOK 36K
-47%
Equity
NOK 33K
-29%
Employees
1
—
Company information
Legal name
COMPOSITE WELL TECHNOLOGY AS
Org number
929361725
Legal form
Aksjeselskap
NACE code
7112 · Engineering activities and related technical consultancy
Founded
15. juni 2022
Share capital
NOK 100 000
Employees
1 (FTE)
VAT registered
No
Audit selected
No
Last report
2024-12-31
Financial year
January – December
Signatory rights
To styremedlemmer i fellesskap.
Company purpose
Utvikle og levere løsninger til olje og gass industrien i inn- og utland basert på kompositt teknologi.
Contact
Address
Jakob Askelands vei 13, 4314 Sandnes
Risika for professionals
Risika provides regulated workflow tools for finance, procurement and compliance teams that need monitoring, alerts and an API.
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Companies in Engineering activities and related technical consultancy
Companies in Sandnes
All Norway companies
Revenue
NOK millions
0M
0M
1M
1M
1M
0M
2022
0M
2023
0M
2024
EBITDA
NOK millions
0M
0M
1M
1M
1M
0M
2022
0M
2023
0M
2024
Income statement
NOK thousands
Item
2022
2023
2024
Revenue
0
0
0
Staff expenses
−0
−26
−0
EBITDA
−7
−48
−13
Depreciation & amort.
−0
−0
−0
EBIT
−7
−48
−13
Net financials
0
−0
0
Profit before tax
−7
−48
−13
Tax
−0
−0
−0
Net profit
−7
−48
−13
Balance sheet
NOK thousands
Item
2022
2023
2024
Total assets
93
67
36
Equity
93
46
33
Long-term debt
0
0
0
Short-term debt
0
21
3
Total debt
0
21
3
Financial ratios
5-year trend
EBITDA margin
-1333700.0%
This company
15.8%
Market median
-8441239% vs market
2022
2024
Equity ratio
92.1%
This company
38.2%
Market median
+141% vs market
2022
2024
Return on equity
-40.0%
This company
18.4%
Market median
-317% vs market
2022
2024
Net profit margin
-1309500.0%
This company
8.1%
Market median
-16166767% vs market
2022
2024
Asset turnover
0.00×
This company
1.12×
Market median
-100% vs market
2022
2024
Debt / equity
0.09×
This company
0.62×
Market median
+85% vs market
2022
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 2022-03-30 – 2022-12-31
View
PDF
Management
Actively employed in the business
Name
Role
Member since
Age
Other directorships
AG
Arne Gunnar Larsen
Chief Executive Officer
Chief Executive Officer
2022
—
—
Board of directors
Non-executive oversight
Name
Role
Member since
Age
Other directorships
EA
Eilif Arne Eriksen
Chairman
2026
—
—
GV
Gisle Vold
Board of Directors
2026
—
—
AO
Arild Ollestad
Board of Directors
2026
—
—
KA
Knut Arne Hovem
Board of Directors
2022
—
—
MM
Morten Myhre
Chairman
2022
—
—
Shareholders
As of last annual report
Shareholder
Type
Ownership
Votes
Since
Cyberwell Technology As
Company
60.0%
60.0%
2022
Hovem As
Company
40.0%
40.0%
2022
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
Hovem As
COMPOSITE WELL TECHNOLOGY AS
(this company)
Board network connections
Board members of COMPOSITE WELL TECHNOLOGY AS also hold positions in
0
other companies.
Person
Role here
Other companies
Arne Gunnar Larsen
Chief Executive Officer
0 companies
Eilif Arne Eriksen
Chairman
0 companies
Gisle Vold
Board of Directors
0 companies
Arild Ollestad
Board of Directors
0 companies
Knut Arne Hovem
Board of Directors
0 companies
Morten Myhre
Chairman
0 companies