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WEST MARITIME AS
AS
Active
Org 976197895
Rådhusgata 18, 6090 Fosnavåg
Engineering activities and related technical consultancy · NACE 7112
Est. 1996
3 employees
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Full Risika report
Overview
Financials
People & ownership
Related companies
Revenue 2024
NOK 10,3M
+27% vs 2023
EBITDA margin
18.8%
+7% vs 2023
Equity ratio
36.0%
Financial strength
Net profit 2024
NOK 1,6M
+5% vs 2023
EBITDA — year on year
NOK millions
3M
2M
1M
1M
0M
1M
2020
1M
0%
2021
0M
-100%
2022
2M
+200%
2023
2M
0%
2024
Key figures
Annual report 2024
Revenue
NOK 10,3M
+27%
EBITDA
NOK 1,9M
+7%
Net profit
NOK 1,6M
+5%
Total assets
NOK 7,4M
+36%
Equity
NOK 2,7M
-14%
Employees
3
—
Company information
Legal name
WEST MARITIME AS
Org number
976197895
Legal form
Aksjeselskap
NACE code
7112 · Engineering activities and related technical consultancy
Founded
6. mars 1996
Share capital
NOK 100 000
Employees
3 (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
Yte ingeniør tjenester til skipsverft, rederier og andre konsulent selskaper, samt delta med investering i andre selskaper og eiendommer.
Contact
Address
Rådhusgata 18, 6090 Fosnavåg
Website
www.facebook.com
Risika for professionals
Risika provides regulated workflow tools for finance, procurement and compliance teams that need monitoring, alerts and an API.
Visit risika.com
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Companies in Engineering activities and related technical consultancy
Companies in Herøy (Møre Og Romsdal)
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Revenue
NOK millions
0M
3M
6M
9M
12M
4M
2020
4M
2021
7M
2022
8M
2023
10M
2024
EBITDA
NOK millions
0M
1M
1M
2M
2M
1M
2020
1M
2021
0M
2022
2M
2023
2M
2024
Income statement
NOK thousands
Item
2020
2021
2022
2023
2024
Revenue
3 596
4 028
6 789
8 096
10 251
Staff expenses
−2 314
−2 488
−2 692
−2 691
−2 815
EBITDA
819
591
305
1 807
1 928
Depreciation & amort.
−7
−9
−12
−17
−76
EBIT
812
582
292
1 790
1 852
Net financials
73
1 346
−1 125
114
144
Profit before tax
885
1 928
−833
1 905
1 996
Tax
178
134
66
411
432
Net profit
707
1 794
−899
1 494
1 564
Balance sheet
NOK thousands
Item
2020
2021
2022
2023
2024
Total assets
4 380
5 456
5 124
5 477
7 438
Equity
3 615
3 518
2 619
3 113
2 677
Long-term debt
35
3
0
21
41
Short-term debt
730
1 935
2 505
2 343
4 720
Total debt
765
1 938
2 505
2 364
4 761
Financial ratios
5-year trend
EBITDA margin
18.8%
This company
15.8%
Market median
+19% vs market
2020
2024
Equity ratio
36.0%
This company
38.2%
Market median
+6% vs market
2020
2024
Return on equity
58.4%
This company
18.4%
Market median
+217% vs market
2020
2024
Net profit margin
15.3%
This company
8.1%
Market median
+89% vs market
2020
2024
Asset turnover
1.38×
This company
1.12×
Market median
+23% vs market
2020
2024
Debt / equity
1.78×
This company
0.62×
Market median
-187% 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 (2)
TK
Trond Kvalsund
Chief Executive Officer
Chief Executive Officer
1996
SF
Svein Frode Eggesbø
Chief Executive Officer
Chief Executive Officer
2026
Board of directors
Non-executive oversight
No data on file.
Shareholders
As of last annual report
Shareholder
Type
Ownership
Votes
Since
Kvals Invest As
Company
40%
40%
2022
Othello As
Company
40%
40%
2022
West Maritime As
Company
20%
20%
2022
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
Kvals Invest As
WEST MARITIME AS
(this company)
SYNFARING MØRE AS
Board network connections
Board members of WEST MARITIME AS also hold positions in
0
other companies.
Person
Role here
Other companies
Trond Kvalsund
Chief Executive Officer
0 companies
Svein Frode Eggesbø
Chief Executive Officer
0 companies