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COVR AS
AS
Active
Org 929939891
Randabergveien 333, 4073 Randaberg
Manufacture of other technical and industrial textiles · NACE 1396
Est. 2022
5 employees
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Full Risika report
Overview
Financials
People & ownership
Related companies
Revenue 2024
NOK 1,8M
-25% vs 2023
EBITDA margin
-23.4%
-40% vs 2023
Equity ratio
-113.3%
Financial strength
Net profit 2024
NOK -457K
-23% 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 1,8M
-25%
EBITDA
NOK -411K
-40%
Net profit
NOK -457K
-23%
Total assets
NOK 709K
-34%
Equity
NOK -803K
-132%
Employees
5
—
Company information
Legal name
COVR AS
Org number
929939891
Legal form
Aksjeselskap
NACE code
1396 · Manufacture of other technical and industrial textiles
Founded
27. september 2022
Share capital
NOK 30 000
Employees
5 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2024-12-31
Financial year
January – December
Signatory rights
Daglig leder eller styrets leder hver for seg.
Company purpose
Drive med produksjon, reparasjon og salg av industrisøm og båtkalesjer og annet som står i forbindelse med dette.
Contact
Address
Randabergveien 333, 4073 Randaberg
Risika for professionals
Risika provides regulated workflow tools for finance, procurement and compliance teams that need monitoring, alerts and an API.
Visit risika.com
Explore
Companies in Manufacture of other technical and industrial textiles
Companies in Randaberg
All Norway companies
Revenue
NOK millions
0M
1M
1M
2M
2M
0M
2022
2M
2023
2M
2024
EBITDA
NOK millions
0M
0M
1M
1M
1M
0M
2022
0M
2023
0M
2024
Income statement
NOK thousands
Item
2022
2023
2024
Revenue
254
2 342
1 756
Staff expenses
−312
−1 751
−1 135
EBITDA
−3
−293
−411
Depreciation & amort.
−2
−43
−42
EBIT
−5
−335
−454
Net financials
−1
−35
−3
Profit before tax
−6
−370
−457
Tax
−0
−0
−0
Net profit
−6
−370
−457
Balance sheet
NOK thousands
Item
2022
2023
2024
Total assets
700
1 077
709
Equity
24
−346
−803
Long-term debt
506
999
1 044
Short-term debt
170
424
467
Total debt
676
1 423
1 511
Financial ratios
5-year trend
EBITDA margin
-23.4%
This company
15.8%
Market median
-248% vs market
2022
2024
Equity ratio
-113.3%
This company
38.2%
Market median
-397% vs market
2022
2024
Return on equity
-45656300.0%
This company
18.4%
Market median
-248132165% vs market
2022
2024
Net profit margin
-26.0%
This company
8.1%
Market median
-421% vs market
2022
2024
Asset turnover
2.48×
This company
1.12×
Market median
+121% vs market
2022
2024
Debt / equity
1.88×
This company
0.62×
Market median
-203% 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 2022-01-01 – 2022-12-31
View
PDF
Management
Actively employed in the business
Name
Role
Member since
Age
Other directorships
SÅ
Svein Åge Risheim
Chief Executive Officer
Chief Executive Officer
2025
—
—
Board of directors
Non-executive oversight
Name
Role
Member since
Age
Other directorships
LD
Liv Drågen
Chairman
2024
—
—
ML
Marielle Løvås
Chairman
2022
—
—
FW
Frank Ween
Chairman
2022
—
—
Shareholders
As of last annual report
Shareholder
Type
Ownership
Votes
Since
Rogaland Investment
Company
100.0%
100.0%
2024
Ween Kapital As
Company
50.0%
50.0%
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
Ween Kapital As
COVR AS
(this company)
Board network connections
Board members of COVR AS also hold positions in
0
other companies.
Person
Role here
Other companies
Svein Åge Risheim
Chief Executive Officer
0 companies
Liv Drågen
Chairman
0 companies
Marielle Løvås
Chairman
0 companies
Frank Ween
Chairman
0 companies