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ASActiveOrg 933766977Finnestadjordet 10, 4029 StavangerRepair and maintenance of fabricated metal products · NACE 3311Est. 198668 employees
Revenue 2024
NOK 147,4M
-7% vs 2023
EBITDA margin
2.3%
-69% vs 2023
Equity ratio
25.2%
Financial strength
Net profit 2024
NOK 2,6M
-78% vs 2023
| Revenue | NOK 147,4M | -7% |
| EBITDA | NOK 3,4M | -69% |
| Net profit | NOK 2,6M | -78% |
| Total assets | NOK 80,4M | +15% |
| Equity | NOK 20,3M | +15% |
| Employees | 68 | — |
Legal name
WEPCO AS
Org number
933766977
Legal form
Aksjeselskap
NACE code
3311 · Repair and maintenance of fabricated metal products
Founded
1. juli 1986
Share capital
NOK 1 658 946
Employees
68 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2024-12-31
Financial year
January – December
Signatory rights
Styrets leder alene eller styrets leder og ett styremedlem i fellesskap.
Company purpose
Handel, produksjon, herunder eksport, import og tjenesteyting, samt å gjøre seg interessert i annen økonomisk virksomhet, herunder deltakelse ved interessent-, aksjeinnskudd o.l.
Address
Finnestadjordet 10, 4029 Stavanger
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| Item | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 103 797 | 75 533 | 52 614 | 59 240 | 79 788 | 91 543 | 104 844 | 94 934 | 113 946 | 159 302 | 147 408 |
| Staff expenses | −44 892 | −39 673 | −30 641 | −32 605 | −37 913 | −41 677 | −45 933 | −46 754 | −46 054 | −51 560 | −55 296 |
| EBITDA | 3 098 | −10 353 | −977 | 190 | 5 205 | 2 652 | −4 308 | −4 950 | −218 | 11 002 | 3 395 |
| Depreciation & amort. | −0 | −0 | −9 255 | −8 205 | −7 596 | −0 | −0 | −0 | −0 | −0 | −0 |
| EBIT | 3 098 | −10 353 | −10 232 | −8 015 | −2 391 | 2 652 | −4 308 | −4 950 | −218 | 11 002 | 3 395 |
| Net financials | −7 892 | −8 560 | −1 288 | −1 481 | 4 489 | −1 668 | −540 | −432 | −439 | −615 | −47 |
| Profit before tax | −4 794 | −18 913 | −11 520 | −9 496 | 2 098 | 984 | −4 848 | −5 382 | −657 | 10 387 | 3 348 |
| Tax | 648 | −2 990 | −0 | −0 | −0 | −0 | −909 | −1 433 | −0 | −1 505 | 743 |
| Net profit | −5 442 | −15 924 | −11 520 | −9 496 | 2 098 | 984 | −3 939 | −3 949 | −657 | 11 892 | 2 605 |
| Item | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | 124 917 | 93 734 | 82 150 | 76 268 | 67 685 | 42 351 | 40 827 | 37 445 | 45 204 | 69 777 | 80 408 |
| Equity | 63 408 | 47 484 | 35 965 | 26 469 | 17 767 | 14 308 | 10 369 | 6 419 | 5 763 | 17 655 | 20 260 |
| Long-term debt | 42 223 | 33 484 | 36 055 | 35 360 | 30 747 | 5 965 | 2 996 | 1 425 | 10 266 | 12 396 | 11 182 |
| Short-term debt | 19 286 | 12 765 | 10 131 | 14 439 | 19 171 | 22 078 | 27 463 | 29 601 | 29 176 | 39 726 | 48 966 |
| Total debt | 61 509 | 46 250 | 46 186 | 49 799 | 49 918 | 28 043 | 30 459 | 31 026 | 39 442 | 52 122 | 60 148 |
EBITDA margin
2.3%
This company
15.8%
Market median
-85% vs market
20142024
Equity ratio
25.2%
This company
38.2%
Market median
-34% vs market
20142024
Return on equity
12.9%
This company
18.4%
Market median
+30% vs market
20142024
Net profit margin
1.8%
This company
8.1%
Market median
-78% vs market
20142024
Asset turnover
1.83×
This company
1.12×
Market median
+63% vs market
20142024
Debt / equity
2.97×
This company
0.62×
Market median
-379% vs market
20142024
- Annual report 2024Filed via Brønnøysundsregistrene · Period 2024-01-01 – 2024-12-31
- Annual report 2023Filed via Brønnøysundsregistrene · Period 2023-01-01 – 2023-12-31
- Annual report 2022Filed via Brønnøysundsregistrene · Period 2022-01-01 – 2022-12-31
- Annual report 2021Filed via Brønnøysundsregistrene · Period 2021-01-01 – 2021-12-31
- Annual report 2020Filed via Brønnøysundsregistrene · Period 2020-01-01 – 2020-12-31
- Annual report 2019Filed via Brønnøysundsregistrene · Period 2019-01-01 – 2019-12-31
- Annual report 2018Filed via Brønnøysundsregistrene · Period 2018-01-01 – 2018-12-31
- Annual report 2017Filed via Brønnøysundsregistrene · Period 2017-01-01 – 2017-12-31
- Annual report 2016Filed via Brønnøysundsregistrene · Period 2016-01-01 – 2016-12-31
- Annual report 2015Filed via Brønnøysundsregistrene · Period 2015-01-01 – 2015-12-31
- Annual report 2014Filed via Brønnøysundsregistrene · Period 2014-01-01 – 2014-12-31
| Name | Role | Member since | Age | Other directorships |
|---|---|---|---|---|
AM Chief Executive Officer | Chief Executive Officer | 2022 | — | — |
LH Chief Executive Officer | Chief Executive Officer | 2020 | — | — |
| Name | Role | Member since | Age | Other directorships |
|---|---|---|---|---|
| Board of Directors | 2024 | — | — | |
| Chairman | 2024 | — | — | |
| Chairman | 2021 | — | — | |
| Board of Directors | 2021 | — | — | |
| Board of Directors | 2024 | — | — | |
| Board of Directors | 2022 | — | — | |
| Board of Directors | 2022 | — | — | |
| Chairman | 2026 | — | — | |
| Chairman | 2022 | — | — |
| Shareholder | Type | Ownership | Votes | Since |
|---|---|---|---|---|
Wellconnection Group As | Company | 100.0% | 100.0% | 2024 |
Beneficial ownership (UBO) data access is restricted in Denmark as of September 2025 per the EU 6th AML Directive. Learn more.
Wellconnection Evpe Group Holding AsStoremyra Holding AsWellconnection Group As
WEPCO AS (this company)Board members of WEPCO AS also hold positions in 0 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Arild Myrland | Chief Executive Officer | 0 companies |
| Lauritz Haringstad Løvø | Chief Executive Officer | 0 companies |
| Atle Olsen | Board of Directors | 0 companies |
| Halvor Hanevik | Chairman | 0 companies |
| Rune Haddeland | Chairman | 0 companies |
| Dag Oddvar Ramsland | Board of Directors | 0 companies |
| Thorleif Svandal Andersen | Board of Directors | 0 companies |
| Harald Andersen | Board of Directors | 0 companies |
| Tormod Østhus | Board of Directors | 0 companies |
| Lars Christian Mellerud | Chairman | 0 companies |
| Bjørn Angeltveit | Chairman | 0 companies |