Init Norway AS is a Norwegian AS based in Asker, operating in the Engineering activities and related technical consultancy sector. Incorporated in 1997, the company has 26 employees and reported revenue of NOK 52.2m in its latest annual filing.
In its most recent annual report (2025), Init Norway AS reported revenue of NOK 52.2m, a decrease of 27% on the year before. The figures on this page draw on 5 annual filings covering 2021 to 2025. The bottom line showed a net loss of NOK 10.6m, and the EBITDA margin stood at -0.8%.
At the end of 2025, equity financed 65.2% of the balance sheet, and current assets covered short-term debt 1.4 times.
Frequently asked questions
What is the Org number of Init Norway AS?
Init Norway AS is registered with Brønnøysundsregistrene under Org 977337798.
What is the revenue of Init Norway AS?
Init Norway AS reported revenue of NOK 52.2m in 2025.
How many employees does Init Norway AS have?
Init Norway AS employs 26 people as of the latest annual report.
Who is the CEO of Init Norway AS?
Alexander Risøy is the CEO of Init Norway AS, in role since 2015.
Who is the chairman of Init Norway AS?
Knut Akselvoll chairs the board of Init Norway AS, in role since 2023.
Where is Init Norway AS headquartered?
Init Norway AS's registered address is Solbråveien 43, 1383 Asker.
