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HYDRO SERVICE AS
AS
Active
Org 932177595
Industrivegen 12, 7900 Rørvik
Rental and leasing of water transport equipment · NACE 7734
Est. 2023
14 employees
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Overview
Financials
People & ownership
Related companies
Revenue 2024
NOK 22,2M
+685% vs 2023
EBITDA margin
16.9%
+510% vs 2023
Equity ratio
11.0%
Financial strength
Net profit 2024
NOK 1,3M
+1323% vs 2023
EBITDA — year on year
NOK millions
5M
4M
3M
1M
0M
1M
2023
4M
+300%
2024
Key figures
Annual report 2024
Revenue
NOK 22,2M
+685%
EBITDA
NOK 3,7M
+510%
Net profit
NOK 1,3M
+1323%
Total assets
NOK 12,7M
-25%
Equity
NOK 1,4M
+1068%
Employees
14
—
Company information
Legal name
HYDRO SERVICE AS
Org number
932177595
Legal form
Aksjeselskap
NACE code
7734 · Rental and leasing of water transport equipment
Founded
3. oktober 2023
Share capital
NOK 30 000
Employees
14 (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
Eie og utleie av servicefartøy innen havbruksnæringen samt alt som står i naturlig forbindelse med dette.
Contact
Address
Industrivegen 12, 7900 Rørvik
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Revenue
NOK millions
0M
6M
13M
19M
25M
3M
2023
22M
2024
EBITDA
NOK millions
0M
1M
2M
3M
5M
1M
2023
4M
2024
Income statement
NOK thousands
Item
2023
2024
Revenue
2 821
22 153
Staff expenses
−0
−1 161
EBITDA
615
3 748
Depreciation & amort.
−297
−1 170
EBIT
317
2 578
Net financials
−201
−930
Profit before tax
116
1 648
Tax
25
362
Net profit
90
1 285
Balance sheet
NOK thousands
Item
2023
2024
Total assets
17 029
12 739
Equity
120
1 405
Long-term debt
12 779
388
Short-term debt
4 130
10 946
Total debt
16 909
11 334
Financial ratios
5-year trend
EBITDA margin
16.9%
This company
15.8%
Market median
+7% vs market
2023
2024
Equity ratio
11.0%
This company
38.2%
Market median
-71% vs market
2023
2024
Return on equity
91.4%
This company
18.4%
Market median
+397% vs market
2023
2024
Net profit margin
5.8%
This company
8.1%
Market median
-28% vs market
2023
2024
Asset turnover
1.74×
This company
1.12×
Market median
+55% vs market
2023
2024
Debt / equity
8.06×
This company
0.62×
Market median
-1200% 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 2023-01-01 – 2023-12-31
View
PDF
Management
Actively employed in the business
Name
Role
Member since
Current (1)
AB
Are Brekk
Chief Executive Officer
Chief Executive Officer
2024
Board of directors
Non-executive oversight
Name
Role
Member since
Current (1)
FØ
Frank Øren
Chairman
2025
Former (3)
SR
Ståle Ramstad
Chairman
2023 – 2025
ML
Marielle Løvås
Chairman
2023 – 2023
OE
Odd Einar Grøntvedt
Board of Directors
2023 – 2025
Shareholders
As of last annual report
Shareholder
Type
Ownership
Votes
Since
Smir Holding As
Company
100%
100%
2024
Beneficial ownership (UBO) data access is restricted in Denmark as of September 2025 per the EU 6th AML Directive.
Learn more
.
Company hierarchy
Brunhuset Holding As
Smir Holding As
HYDRO SERVICE AS
(this company)
Board network connections
Board members of HYDRO SERVICE AS also hold positions in
0
other companies.
Person
Role here
Other companies
Are Brekk
Chief Executive Officer
0 companies
Ståle Ramstad
Chairman
0 companies
Frank Øren
Chairman
0 companies
Marielle Løvås
Chairman
0 companies
Odd Einar Grøntvedt
Board of Directors
0 companies