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W ENGELSEN ETTF AS
AS
Active
Org 959668507
Hamnegata 86, 5411 Stord
Other specialised construction activities n.e.c. · NACE 4399
Est. 1990
4 employees
www.wengelsen.no
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Overview
Financials
People & ownership
Related companies
Revenue 2024
NOK 7,8M
+3% vs 2023
EBITDA margin
8.3%
-8% vs 2023
Equity ratio
51.0%
Financial strength
Net profit 2024
NOK 544K
-1% vs 2023
EBITDA — year on year
NOK millions
1M
1M
1M
0M
0M
0M
2020
0M
0%
2021
1M
+100%
2022
1M
0%
2023
1M
0%
2024
Key figures
Annual report 2024
Revenue
NOK 7,8M
+3%
EBITDA
NOK 647K
-8%
Net profit
NOK 544K
-1%
Total assets
NOK 4,1M
+16%
Equity
NOK 2,1M
+49%
Employees
4
—
Company information
Legal name
W ENGELSEN ETTF AS
Org number
959668507
Legal form
Aksjeselskap
NACE code
4399 · Other specialised construction activities n.e.c.
Founded
19. desember 1990
Share capital
—
Employees
4 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2024-12-31
Financial year
January – December
Signatory rights
Styrets leder alene. Daglig leder alene.
Contact
Address
Hamnegata 86, 5411 Stord
Phone
+4753409010
Email
ak@engelsengruppa.no
Website
www.wengelsen.no
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Companies in Other specialised construction activities n.e.c.
Companies in Stord
All Norway companies
Revenue
NOK millions
0M
2M
5M
7M
9M
6M
2020
7M
2021
7M
2022
8M
2023
8M
2024
EBITDA
NOK millions
0M
0M
1M
1M
1M
0M
2020
0M
2021
1M
2022
1M
2023
1M
2024
Income statement
NOK thousands
Item
2020
2021
2022
2023
2024
Revenue
5 502
7 006
7 231
7 568
7 812
Staff expenses
−3 231
−4 188
−4 401
−4 759
−4 799
EBITDA
346
393
635
705
647
Depreciation & amort.
−16
−16
−16
−32
−0
EBIT
330
377
619
673
647
Net financials
1
−3
7
42
59
Profit before tax
330
374
627
715
706
Tax
80
86
144
165
162
Net profit
251
288
483
550
544
Balance sheet
NOK thousands
Item
2020
2021
2022
2023
2024
Total assets
3 432
3 382
3 749
3 582
4 147
Equity
687
676
769
1 421
2 117
Long-term debt
0
0
0
0
0
Short-term debt
2 746
2 705
2 980
2 162
2 030
Total debt
2 746
2 705
2 980
2 162
2 030
Financial ratios
5-year trend
EBITDA margin
8.3%
This company
15.8%
Market median
-47% vs market
2020
2024
Equity ratio
51.0%
This company
38.2%
Market median
+34% vs market
2020
2024
Return on equity
25.7%
This company
18.4%
Market median
+40% vs market
2020
2024
Net profit margin
7.0%
This company
8.1%
Market median
-14% vs market
2020
2024
Asset turnover
1.88×
This company
1.12×
Market median
+68% vs market
2020
2024
Debt / equity
0.96×
This company
0.62×
Market median
+55% vs market
2020
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
Annual report 2021
Filed via Brønnøysundsregistrene · Period 2021-01-01 – 2021-12-31
View
PDF
Annual report 2020
Filed via Brønnøysundsregistrene · Period 2020-01-01 – 2020-12-31
View
PDF
Management
Actively employed in the business
Name
Role
Member since
Current (1)
KA
Kristine Aarsand Engelsen
Chief Executive Officer
Chief Executive Officer
2017
Board of directors
Non-executive oversight
Name
Role
Member since
Current (2)
WE
Wilhelm Engelsen
Chairman
2014
AK
Aslaug Kindem
Board of Directors
2014
Shareholders
As of last annual report
Shareholder
Type
Ownership
Votes
Since
Engelsen Finans As
Company
100%
100%
2024
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Company hierarchy
Ktw Holding As
Engelsen Finans As
W ENGELSEN ETTF AS
(this company)
Board network connections
Board members of W ENGELSEN ETTF AS also hold positions in
0
other companies.
Person
Role here
Other companies
Kristine Aarsand Engelsen
Chief Executive Officer
0 companies
Wilhelm Engelsen
Chairman
0 companies
Aslaug Kindem
Board of Directors
0 companies