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WESTLAND HOTEL AS
AS
Active
Org 977465974
Kvalen 30, 5955 Lindås
Hotels and similar accommodation · NACE 5510
Est. 1997
15 employees
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Overview
Financials
People & ownership
Related companies
Revenue 2024
NOK 15,1M
+6% vs 2023
EBITDA margin
7.6%
+5% vs 2023
Equity ratio
13.9%
Financial strength
Net profit 2024
NOK 65K
+123% vs 2023
EBITDA — year on year
NOK millions
3M
2M
1M
1M
0M
2M
2020
2M
0%
2021
0M
-100%
2022
1M
+100%
2023
1M
0%
2024
Key figures
Annual report 2024
Revenue
NOK 15,1M
+6%
EBITDA
NOK 1,1M
+5%
Net profit
NOK 65K
+123%
Total assets
NOK 22,1M
+13%
Equity
NOK 3,1M
+2%
Employees
15
—
Company information
Legal name
WESTLAND HOTEL AS
Org number
977465974
Legal form
Aksjeselskap
NACE code
5510 · Hotels and similar accommodation
Founded
14. april 1997
Share capital
—
Employees
15 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2024-12-31
Financial year
January – December
Contact
Address
Kvalen 30, 5955 Lindås
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Revenue
NOK millions
0M
4M
9M
13M
17M
13M
2020
15M
2021
13M
2022
14M
2023
15M
2024
EBITDA
NOK millions
0M
1M
1M
2M
2M
2M
2020
2M
2021
0M
2022
1M
2023
1M
2024
Income statement
NOK thousands
Item
2020
2021
2022
2023
2024
Revenue
13 255
14 625
13 470
14 221
15 110
Staff expenses
−5 817
−7 666
−7 877
−7 980
−8 232
EBITDA
2 278
1 769
−286
1 088
1 145
Depreciation & amort.
−274
−223
−217
−238
−261
EBIT
2 004
1 546
−503
850
883
Net financials
−628
−631
−771
−1 128
−818
Profit before tax
1 376
915
−1 274
−278
65
Tax
318
261
−278
−0
−0
Net profit
1 058
654
−995
−278
65
Balance sheet
NOK thousands
Item
2020
2021
2022
2023
2024
Total assets
24 984
26 165
24 409
19 447
22 051
Equity
3 615
4 269
3 274
2 995
3 060
Long-term debt
17 667
18 356
18 796
13 598
15 203
Short-term debt
3 702
3 540
2 339
2 854
3 788
Total debt
21 369
21 896
21 135
16 452
18 991
Financial ratios
5-year trend
EBITDA margin
7.6%
This company
15.8%
Market median
-52% vs market
2020
2024
Equity ratio
13.9%
This company
38.2%
Market median
-64% vs market
2020
2024
Return on equity
2.1%
This company
18.4%
Market median
-89% vs market
2020
2024
Net profit margin
0.4%
This company
8.1%
Market median
-95% vs market
2020
2024
Asset turnover
0.69×
This company
1.12×
Market median
-38% vs market
2020
2024
Debt / equity
6.21×
This company
0.62×
Market median
-902% 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
No data on file.
Board of directors
Non-executive oversight
No data on file.
Shareholders
As of last annual report
Shareholder
Type
Ownership
Votes
Since
Alver Hotel As
Company
91%
91%
2024
Runar Erlend Hilland
Individual
9%
9%
2024
Beneficial ownership (UBO) data access is restricted in Denmark as of September 2025 per the EU 6th AML Directive.
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Company hierarchy
No registered parent or subsidiaries
Board network connections
Board members of WESTLAND HOTEL AS also hold positions in
0
other companies.
Person
Role here
Other companies