Riskpilot← Back to searchSign inGet full accessWEST SYSTEM NORGE AS
ASActiveOrg 976950879Strømsveien 230, 0668 OsloRetail sale of sporting equipment · NACE 4763Est. 199615 employees
Revenue 2024
NOK 62,3M
-20% vs 2023
EBITDA margin
-4.7%
-4% vs 2023
Equity ratio
64.1%
Financial strength
Net profit 2024
NOK -2,9M
-1% vs 2023
| Revenue | NOK 62,3M | -20% |
| EBITDA | NOK -2,9M | -4% |
| Net profit | NOK -2,9M | -1% |
| Total assets | NOK 35,6M | -6% |
| Equity | NOK 22,9M | -11% |
| Employees | 15 | — |
Legal name
WEST SYSTEM NORGE AS
Org number
976950879
Legal form
Aksjeselskap
NACE code
4763 · Retail sale of sporting equipment
Founded
25. november 1996
Share capital
—
Employees
15 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2024-12-31
Financial year
January – December
Signatory rights
Styrets leder alene eller daglig leder alene.
Address
Strømsveien 230, 0668 Oslo
Risika for professionals
Risika provides regulated workflow tools for finance, procurement and compliance teams that need monitoring, alerts and an API.
| Item | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 31 272 | 32 255 | 34 089 | 32 273 | 32 586 | 37 261 | 49 343 | 57 175 | 57 858 | 63 778 | 71 879 | 71 324 | 123 268 | 116 646 | 95 608 | 78 289 | 62 349 |
| Staff expenses | −3 253 | −3 936 | −4 475 | −4 086 | −5 059 | −5 526 | −6 539 | −7 439 | −7 883 | −8 653 | −9 892 | −12 052 | −14 373 | −17 697 | −15 314 | −12 560 | −10 960 |
| EBITDA | 2 131 | 1 336 | 957 | 1 512 | 1 364 | 1 382 | 2 754 | 3 492 | 1 257 | 3 273 | 4 696 | 4 680 | 13 428 | 13 570 | 950 | −2 809 | −2 915 |
| Depreciation & amort. | −49 | −50 | −29 | −41 | −33 | −114 | −335 | −296 | −365 | −373 | −148 | −181 | −214 | −240 | −180 | −212 | −195 |
| EBIT | 2 082 | 1 286 | 928 | 1 471 | 1 331 | 1 268 | 2 419 | 3 196 | 892 | 2 900 | 4 548 | 4 499 | 13 214 | 13 330 | 770 | −3 021 | −3 110 |
| Net financials | 59 | −91 | −35 | −147 | −68 | −152 | −265 | −284 | −220 | −187 | −174 | −267 | −241 | −241 | −608 | −633 | −577 |
| Profit before tax | 2 140 | 1 196 | 893 | 1 324 | 1 263 | 1 116 | 2 154 | 2 912 | 672 | 2 713 | 4 373 | 4 231 | 12 974 | 13 089 | 162 | −3 655 | −3 686 |
| Tax | 544 | 335 | 251 | 372 | 355 | 312 | 581 | 789 | 185 | 655 | 1 007 | 931 | 2 864 | 2 885 | 44 | −804 | −811 |
| Net profit | 1 596 | 860 | 642 | 952 | 908 | 804 | 1 572 | 2 123 | 486 | 2 058 | 3 366 | 3 300 | 10 109 | 10 203 | 118 | −2 850 | −2 875 |
| Item | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | 8 868 | 6 295 | 6 277 | 6 177 | 7 267 | 9 565 | 12 548 | 16 852 | 15 480 | 18 670 | 20 947 | 26 730 | 37 359 | 50 235 | 48 600 | 37 975 | 35 645 |
| Equity | 2 271 | 2 132 | 2 124 | 2 076 | 1 984 | 1 988 | 3 480 | 5 603 | 6 090 | 7 148 | 8 514 | 8 148 | 18 258 | 28 461 | 28 579 | 25 729 | 22 854 |
| Long-term debt | 1 501 | 0 | 0 | 0 | 19 | 14 | 6 | 4 | 0 | 4 | 4 | 0 | 0 | 0 | 0 | 0 | 0 |
| Short-term debt | 5 096 | 4 162 | 4 153 | 4 101 | 5 264 | 7 563 | 9 062 | 11 245 | 9 390 | 11 519 | 12 430 | 18 581 | 19 101 | 21 773 | 20 021 | 12 246 | 12 791 |
| Total debt | 6 597 | 4 163 | 4 153 | 4 101 | 5 283 | 7 577 | 9 068 | 11 249 | 9 390 | 11 522 | 12 433 | 18 581 | 19 101 | 21 773 | 20 021 | 12 246 | 12 791 |
EBITDA margin
-4.7%
This company
15.8%
Market median
-130% vs market
20082024
Equity ratio
64.1%
This company
38.2%
Market median
+68% vs market
20082024
Return on equity
-12.6%
This company
18.4%
Market median
-168% vs market
20082024
Net profit margin
-4.6%
This company
8.1%
Market median
-157% vs market
20082024
Asset turnover
1.75×
This company
1.12×
Market median
+56% vs market
20082024
Debt / equity
0.56×
This company
0.62×
Market median
+10% vs market
20082024
- 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
- Annual report 2013Filed via Brønnøysundsregistrene · Period 2013-01-01 – 2013-12-31
- Annual report 2012Filed via Brønnøysundsregistrene · Period 2012-01-01 – 2012-12-31
- Annual report 2011Filed via Brønnøysundsregistrene · Period 2011-01-01 – 2011-12-31
- Annual report 2010Filed via Brønnøysundsregistrene · Period 2010-01-01 – 2010-12-31
- Annual report 2009Filed via Brønnøysundsregistrene · Period 2009-01-01 – 2009-12-31
- Annual report 2008Filed via Brønnøysundsregistrene · Period 2008-01-01 – 2008-12-31
| Name | Role | Member since | Age | Other directorships |
|---|---|---|---|---|
HT Chief Executive Officer | Chief Executive Officer | 2022 | — | — |
ØR Chief Executive Officer | Chief Executive Officer | 2006 | — | — |
| Name | Role | Member since | Age | Other directorships |
|---|---|---|---|---|
| Board of Directors | 2026 | — | — | |
| Board of Directors | 2025 | — | — | |
| Chairman | 2025 | — | — | |
| Board of Directors | 2020 | — | — | |
| Chairman | 2020 | — | — | |
| Board of Directors | 2020 | — | — |
| Shareholder | Type | Ownership | Votes | Since |
|---|---|---|---|---|
Xxl Sport & Villmark 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.
Xxl Asa
WEST SYSTEM NORGE AS Board members of WEST SYSTEM NORGE AS also hold positions in 0 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Håvard Tidemand-Johannessen | Chief Executive Officer | 0 companies |
| Øyvind Rygh | Chief Executive Officer | 0 companies |
| Nicholas Jonathan Fox | Board of Directors | 0 companies |
| Lars Syse Christiansen | Board of Directors | 0 companies |
| Jakob Sande | Chairman | 0 companies |
| Øivind Lønnestad Tidemandsen | Board of Directors | 0 companies |
| Tolle Olaf Rørvik Grøterud | Chairman | 0 companies |
| Stein Alexander Eriksen | Board of Directors | 0 companies |