Riskpilot← Back to searchSign inGet full accessINIT NORWAY AS
ASActiveOrg 977337798Solbråveien 43, 1383 AskerEngineering activities and related technical consultancy · NACE 7112Est. 199726 employeeswww.initgroup.com
Revenue 2024
NOK 71,9M
+69% vs 2023
EBITDA margin
25.8%
+148% vs 2023
Equity ratio
62.4%
Financial strength
Net profit 2024
NOK 18,6M
+72% vs 2023
| Revenue | NOK 71,9M | +69% |
| EBITDA | NOK 18,6M | +148% |
| Net profit | NOK 18,6M | +72% |
| Total assets | NOK 188,6M | +137% |
| Equity | NOK 117,8M | +156% |
| Employees | 26 | — |
Legal name
INIT NORWAY AS
Org number
977337798
Legal form
Aksjeselskap
NACE code
7112 · Engineering activities and related technical consultancy
Founded
18. mars 1997
Share capital
NOK 1 051 800
Employees
26 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2024-12-31
Financial year
January – December
Signatory rights
Styrets leder alene, eller to av styrets medlemmer i fellesskap
Company purpose
Konsulent- og engineeringsvirksomhet innenfor området prosess, energi og miljø, samt leveranser av elektro og automatiseringssystemer.
Address
Solbråveien 43, 1383 Asker
Website
www.initgroup.com
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 | 28 140 | 38 157 | 35 621 | 44 109 | 47 163 | 54 788 | 45 232 | 42 744 | 45 913 | 33 097 | 34 254 | 47 897 | 39 885 | 35 984 | 39 930 | 42 564 | 71 938 |
| Staff expenses | −15 741 | −20 251 | −20 864 | −24 889 | −27 599 | −28 396 | −23 864 | −18 567 | −20 511 | −13 622 | −16 499 | −17 846 | −18 340 | −18 652 | −20 380 | −22 913 | −27 289 |
| EBITDA | 2 339 | 6 239 | 4 909 | 5 085 | 6 725 | 8 264 | 5 734 | 9 323 | 12 177 | 6 658 | 8 738 | 10 209 | 10 657 | 8 296 | 10 504 | 7 490 | 18 558 |
| Depreciation & amort. | −227 | −334 | −384 | −432 | −412 | −328 | −305 | −190 | −456 | −482 | −533 | −561 | −627 | −561 | −501 | −731 | −560 |
| EBIT | 2 112 | 5 905 | 4 524 | 4 653 | 6 313 | 7 936 | 5 429 | 9 133 | 11 721 | 6 176 | 8 205 | 9 648 | 10 030 | 7 736 | 10 003 | 6 760 | 17 998 |
| Net financials | 4 | −145 | −86 | −90 | −235 | −3 147 | 310 | −214 | 211 | 305 | 113 | 468 | 599 | 667 | 416 | 6 999 | 6 377 |
| Profit before tax | 2 115 | 5 760 | 4 439 | 4 563 | 6 078 | 4 788 | 5 739 | 8 919 | 11 932 | 6 481 | 8 317 | 10 116 | 10 629 | 8 402 | 10 419 | 13 759 | 24 375 |
| Tax | 556 | 1 613 | 1 210 | 1 189 | 1 778 | 2 274 | 1 492 | 2 295 | 3 151 | 1 576 | 1 933 | 2 246 | 2 353 | 1 865 | 2 375 | 2 966 | 5 816 |
| Net profit | 1 560 | 4 147 | 3 229 | 3 374 | 4 300 | 2 514 | 4 248 | 6 624 | 8 782 | 4 905 | 6 385 | 7 870 | 8 276 | 6 538 | 8 044 | 10 793 | 18 559 |
| Item | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | 12 075 | 18 102 | 21 279 | 25 990 | 32 431 | 33 262 | 31 893 | 35 808 | 40 978 | 37 857 | 42 170 | 47 816 | 42 469 | 43 236 | 74 088 | 79 602 | 188 615 |
| Equity | 3 453 | 4 261 | 7 041 | 9 775 | 9 548 | 5 072 | 5 789 | 5 983 | 7 057 | 7 780 | 8 068 | 7 936 | 7 786 | 7 811 | 12 603 | 45 953 | 117 750 |
| Long-term debt | 513 | 363 | 1 714 | 2 254 | 2 594 | 2 546 | 5 669 | 6 834 | 8 821 | 12 033 | 15 085 | 12 047 | 13 862 | 12 240 | 24 224 | 11 428 | 8 772 |
| Short-term debt | 8 110 | 13 479 | 12 524 | 13 961 | 20 290 | 25 644 | 20 434 | 22 991 | 25 099 | 18 044 | 19 018 | 27 833 | 20 821 | 23 184 | 37 261 | 22 221 | 62 093 |
| Total debt | 8 622 | 13 841 | 14 238 | 16 215 | 22 883 | 28 190 | 26 104 | 29 825 | 33 921 | 30 078 | 34 102 | 39 880 | 34 683 | 35 425 | 61 485 | 33 650 | 70 864 |
EBITDA margin
25.8%
This company
15.8%
Market median
+63% vs market
20082024
Equity ratio
62.4%
This company
38.2%
Market median
+63% vs market
20082024
Return on equity
15.8%
This company
18.4%
Market median
+14% vs market
20082024
Net profit margin
25.8%
This company
8.1%
Market median
+219% vs market
20082024
Asset turnover
0.38×
This company
1.12×
Market median
-66% vs market
20082024
Debt / equity
0.60×
This company
0.62×
Market median
+3% 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 |
|---|---|---|---|---|
AR Chief Executive Officer | Chief Executive Officer | 2015 | — | — |
| Name | Role | Member since | Age | Other directorships |
|---|---|---|---|---|
| Chairman | 2023 | — | — | |
| Chairman | 2014 | — | — | |
| Board of Directors | 2023 | — | — | |
| Board of Directors | 2014 | — | — | |
| Board of Directors | 2014 | — | — |
| Shareholder | Type | Ownership | Votes | Since |
|---|---|---|---|---|
Init Group Aps | Company | 100.0% | 100.0% | 2024 |
Nebb Holding As | Company | 90.6% | 90.6% | 2022 |
Init Norway As | Company | 1.3% | 1.3% | 2022 |
| Individual | 1.1% | 1.1% | 2022 | |
Ligence As | Company | 1.1% | 1.1% | 2022 |
| Individual | 1.1% | 1.1% | 2022 | |
| Individual | 1.1% | 1.1% | 2022 | |
| Individual | 1.1% | 1.1% | 2022 | |
| Individual | 1.1% | 1.1% | 2022 |
Beneficial ownership (UBO) data access is restricted in Denmark as of September 2025 per the EU 6th AML Directive. Learn more.
INIT NORWAY AS (this company)
MARINE CLUSTER ASBoard members of INIT NORWAY AS also hold positions in 0 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Alexander Risøy | Chief Executive Officer | 0 companies |
| Knut Akselvoll | Chairman | 0 companies |
| Åsmund Daniel Risøy | Chairman | 0 companies |
| Ingeborg Nordviken Kristiansen | Board of Directors | 0 companies |
| Kai Magnar Killingmo | Board of Directors | 0 companies |
| Andreas Thalund-Fossen | Board of Directors | 0 companies |