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LH2 SHIPPING AS
AS
Active
Org 931661558
C. Sundts Gate 37, 5004 Bergen
Engineering activities and related technical consultancy · NACE 7112
Est. 2023
5 employees
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Share
Overview
Financials
People & ownership
Related companies
Revenue 2024
NOK 5,8M
+1341% vs 2023
EBITDA margin
24.5%
+1911% vs 2023
Equity ratio
60.3%
Financial strength
Net profit 2024
NOK 1,1M
+1912% vs 2023
EBITDA — year on year
NOK millions
1M
1M
1M
0M
0M
0M
2023
1M
+100%
2024
Key figures
Annual report 2024
Revenue
NOK 5,8M
+1341%
EBITDA
NOK 1,4M
+1911%
Net profit
NOK 1,1M
+1912%
Total assets
NOK 2M
+1880%
Equity
NOK 1,2M
+1312%
Employees
5
—
Company information
Legal name
LH2 SHIPPING AS
Org number
931661558
Legal form
Aksjeselskap
NACE code
7112 · Engineering activities and related technical consultancy
Founded
30. juni 2023
Share capital
NOK 40 000
Employees
5 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2024-12-31
Financial year
January – December
Signatory rights
Daglig leder alene.
Company purpose
Utvikle, bygge, sertifisere og/eller eie skip som drives med hydrogen.
Contact
Address
C. Sundts Gate 37, 5004 Bergen
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Companies in Engineering activities and related technical consultancy
Companies in Bergen
All Norway companies
Revenue
NOK millions
0M
2M
3M
5M
7M
0M
2023
6M
2024
EBITDA
NOK millions
0M
0M
1M
1M
1M
0M
2023
1M
2024
Income statement
NOK thousands
Item
2023
2024
Revenue
400
5 765
Staff expenses
−0
−3 508
EBITDA
70
1 412
Depreciation & amort.
−0
−0
EBIT
70
1 412
Net financials
0
11
Profit before tax
70
1 424
Tax
15
321
Net profit
55
1 103
Balance sheet
NOK thousands
Item
2023
2024
Total assets
100
1 984
Equity
85
1 197
Long-term debt
0
0
Short-term debt
15
787
Total debt
15
787
Financial ratios
5-year trend
EBITDA margin
24.5%
This company
15.8%
Market median
+55% vs market
2023
2024
Equity ratio
60.3%
This company
38.2%
Market median
+58% vs market
2023
2024
Return on equity
92.1%
This company
18.4%
Market median
+401% vs market
2023
2024
Net profit margin
19.1%
This company
8.1%
Market median
+136% vs market
2023
2024
Asset turnover
2.91×
This company
1.12×
Market median
+160% vs market
2023
2024
Debt / equity
0.66×
This company
0.62×
Market median
+6% vs market
2023
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 2023-06-01 – 2023-12-31
View
PDF
Management
Actively employed in the business
Name
Role
Member since
Current (1)
IØ
Ivan Østvik
Chief Executive Officer
Chief Executive Officer
2023
Board of directors
Non-executive oversight
Name
Role
Member since
Current (5)
GB
Geir Bjørkeli
Board of Directors
2023
MS
Maria Schütz Fløisand
Chairman
2023
BS
Bjørn Steinhaug
Board of Directors
2023
TG
Thorbjørn Gaarden Hansen
Board of Directors
2023
LJ
Lars Jacob Engelsen
Chairman
2025
Shareholders
As of last annual report
Shareholder
Type
Ownership
Votes
Since
Oestvik Energy As
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
Oestvik Energy As
LH2 SHIPPING AS
(this company)
Board network connections
Board members of LH2 SHIPPING AS also hold positions in
0
other companies.
Person
Role here
Other companies
Ivan Østvik
Chief Executive Officer
0 companies
Geir Bjørkeli
Board of Directors
0 companies
Maria Schütz Fløisand
Chairman
0 companies
Bjørn Steinhaug
Board of Directors
0 companies
Thorbjørn Gaarden Hansen
Board of Directors
0 companies
Lars Jacob Engelsen
Chairman
0 companies