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WEST ELEKTROVERKSTED AS
AS
Active
Org 940036070
Auglendsmyrå 3, 4016 Stavanger
Wholesale of mining, construction and civil engineering machinery · NACE 4663
Est. 1986
6 employees
www.westelektroverksted.no
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Overview
Financials
People & ownership
Related companies
Revenue 2025
NOK 12,2M
-3% vs 2024
EBITDA margin
1.0%
+127% vs 2024
Equity ratio
33.3%
Financial strength
Net profit 2025
NOK 11K
+102% vs 2024
EBITDA — year on year
NOK millions
1M
1M
1M
0M
0M
1M
2021
0M
-100%
2022
0M
0%
2023
0M
0%
2024
0M
0%
2025
Key figures
Annual report 2025
Revenue
NOK 12,2M
-3%
EBITDA
NOK 126K
+127%
Net profit
NOK 11K
+102%
Total assets
NOK 4M
-2%
Equity
NOK 1,3M
+1%
Employees
6
—
Company information
Legal name
WEST ELEKTROVERKSTED AS
Org number
940036070
Legal form
Aksjeselskap
NACE code
4663 · Wholesale of mining, construction and civil engineering machinery
Founded
30. april 1986
Share capital
—
Employees
6 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2025-12-31
Financial year
January – December
Contact
Address
Auglendsmyrå 3, 4016 Stavanger
Website
www.westelektroverksted.no
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Companies in Wholesale of mining, construction and civil engineering machinery
Companies in Stavanger
All Norway companies
Revenue
NOK millions
0M
4M
8M
12M
16M
14M
2021
13M
2022
13M
2023
13M
2024
12M
2025
EBITDA
NOK millions
0M
0M
1M
1M
1M
1M
2021
0M
2022
0M
2023
0M
2024
0M
2025
Income statement
NOK thousands
Item
2021
2022
2023
2024
2025
Revenue
13 835
13 143
12 639
12 568
12 216
Staff expenses
−3 015
−3 022
−3 105
−3 219
−2 997
EBITDA
760
135
−45
−461
126
Depreciation & amort.
−21
−21
−40
−13
−14
EBIT
739
114
−85
−474
113
Net financials
−5
−32
−60
−86
−102
Profit before tax
734
83
−144
−561
11
Tax
162
18
22
−0
−0
Net profit
572
64
−166
−561
11
Balance sheet
NOK thousands
Item
2021
2022
2023
2024
2025
Total assets
4 178
4 574
4 344
4 101
4 003
Equity
1 984
2 049
1 882
1 322
1 332
Long-term debt
0
0
0
0
0
Short-term debt
2 194
2 526
2 461
2 780
2 671
Total debt
2 194
2 526
2 461
2 780
2 671
Financial ratios
5-year trend
EBITDA margin
1.0%
This company
15.8%
Market median
-94% vs market
2021
2025
Equity ratio
33.3%
This company
38.2%
Market median
+13% vs market
2021
2025
Return on equity
0.8%
This company
18.4%
Market median
-96% vs market
2021
2025
Net profit margin
0.1%
This company
8.1%
Market median
-99% vs market
2021
2025
Asset turnover
3.05×
This company
1.12×
Market median
+172% vs market
2021
2025
Debt / equity
2.00×
This company
0.62×
Market median
-223% vs market
2021
2025
Annual reports & filings
Annual report 2025
Filed via Brønnøysundsregistrene · Period 2025-01-01 – 2025-12-31
View
PDF
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
Annual report 2021
Filed via Brønnøysundsregistrene · Period 2021-01-01 – 2021-12-31
View
PDF
Management
Actively employed in the business
Name
Role
Member since
Current (1)
AT
Alf Terje Hana
Chief Executive Officer
Chief Executive Officer
1989
Board of directors
Non-executive oversight
Name
Role
Member since
Current (1)
OR
Odd Rune Hillestad
Chairman
1998
Shareholders
As of last annual report
Shareholder
Type
Ownership
Votes
Since
Eivind Ormøy
Individual
20%
20%
2024
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Company hierarchy
No registered parent or subsidiaries
Board network connections
Board members of WEST ELEKTROVERKSTED AS also hold positions in
0
other companies.
Person
Role here
Other companies
Alf Terje Hana
Chief Executive Officer
0 companies
Odd Rune Hillestad
Chairman
0 companies