Riskpilot← Back to searchSign inGet full accessULSTEIN GROUP ASA
ASAActiveOrg 980489876Osnesvegen 110, 6065 UlsteinvikBuilding of civilian ships and floating structures · NACE 3011Est. 199915 employeeswww.ulstein.com
Revenue 2024
NOK 29,4M
+22% vs 2023
EBITDA margin
-19.9%
+14% vs 2023
Equity ratio
46.5%
Financial strength
Net profit 2024
NOK 109,2M
+301% vs 2023
| Revenue | NOK 29,4M | +22% |
| EBITDA | NOK -5,9M | +14% |
| Net profit | NOK 109,2M | +301% |
| Total assets | NOK 1,1B | +8% |
| Equity | NOK 505,3M | +16% |
| Employees | 15 | — |
Legal name
ULSTEIN GROUP ASA
Org number
980489876
Legal form
Allmennaksjeselskap
NACE code
3011 · Building of civilian ships and floating structures
Founded
29. januar 1999
Share capital
NOK 165 831 179
Employees
15 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2024-12-31
Financial year
January – December
Signatory rights
Styreleiar åleine.
Address
Osnesvegen 110, 6065 Ulsteinvik
Website
www.ulstein.com
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| Item | 2008 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 3 215 913 | 61 348 | 67 967 | 75 329 | 82 337 | 50 637 | 31 818 | 29 240 | 27 546 | 25 556 | 18 798 | 21 063 | 24 168 | 29 378 |
| Staff expenses | −13 721 | −33 737 | −32 348 | −36 144 | −34 307 | −25 681 | −18 926 | −15 931 | −13 515 | −32 652 | −13 476 | −13 581 | −19 371 | −23 657 |
| EBITDA | −5 178 | −7 125 | −4 680 | −18 943 | −4 775 | −6 602 | −10 896 | −1 456 | −202 | −18 700 | −4 282 | −4 766 | −6 805 | −5 851 |
| Depreciation & amort. | −35 | −127 | −359 | −491 | −718 | −3 741 | −6 361 | −8 737 | −8 467 | −7 349 | −4 745 | −1 876 | −1 135 | −4 327 |
| EBIT | −5 213 | −7 252 | −5 039 | −19 434 | −5 493 | −10 343 | −17 257 | −10 193 | −8 669 | −26 049 | −9 027 | −6 642 | −7 940 | −10 178 |
| Net financials | 347 988 | 0 | 332 104 | 152 471 | −86 338 | −444 834 | −252 985 | −250 322 | −193 223 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 326 667 | 144 807 | 327 065 | 133 037 | −91 831 | −455 177 | −270 242 | −260 515 | −201 892 | −47 021 | 14 509 | −22 900 | 27 418 | 108 921 |
| Tax | −402 | 4 751 | 14 292 | 17 108 | 19 671 | −12 736 | 818 | 1 516 | 1 510 | −3 193 | −843 | −758 | 213 | −230 |
| Net profit | 327 069 | 140 056 | 312 773 | 115 929 | −111 502 | −442 441 | −271 060 | −262 031 | −203 403 | −43 829 | 15 351 | −22 142 | 27 205 | 109 152 |
| Item | 2008 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | 2 848 611 | 2 395 136 | 2 458 656 | 2 889 237 | 2 343 652 | 1 864 354 | 1 417 238 | 1 536 183 | 1 430 529 | 1 096 354 | 967 868 | 936 606 | 1 011 265 | 1 087 626 |
| Equity | — | 1 307 452 | 1 564 120 | 1 645 097 | 1 551 606 | 1 032 999 | 751 124 | 640 559 | 454 678 | 416 650 | 431 204 | 404 184 | 435 331 | 505 294 |
| Long-term debt | 0 | 0 | 538 903 | 392 141 | 345 565 | 314 610 | 293 665 | 387 845 | 370 588 | 0 | 0 | 0 | 0 | 0 |
| Short-term debt | 1 760 751 | 522 006 | 355 633 | 851 999 | 446 481 | 516 745 | 372 449 | 507 779 | 605 262 | 313 030 | 173 536 | 183 000 | 240 312 | 274 009 |
| Total debt | 1 760 751 | 1 087 684 | 894 536 | 1 244 140 | 792 046 | 831 355 | 666 114 | 895 624 | 975 850 | 679 703 | 536 663 | 532 422 | 575 935 | 582 332 |
EBITDA margin
-19.9%
This company
15.8%
Market median
-226% vs market
20082024
Equity ratio
46.5%
This company
38.2%
Market median
+22% vs market
20082024
Return on equity
21.6%
This company
18.4%
Market median
+17% vs market
20082024
Net profit margin
371.5%
This company
8.1%
Market median
+4486% vs market
20082024
Asset turnover
0.03×
This company
1.12×
Market median
-97% vs market
20082024
Debt / equity
1.15×
This company
0.62×
Market median
-85% 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 2008Filed via Brønnøysundsregistrene · Period 2008-01-01 – 2008-12-31
| Name | Role | Member since | Age | Other directorships |
|---|---|---|---|---|
GU Chief Executive Officer | Chief Executive Officer | 2024 | — | — |
JH Observer | Observer | 2024 | — | — |
RK Observer | Observer | 2024 | — | — |
PO Observer | Observer | 2022 | — | — |
CK Chief Executive Officer | Chief Executive Officer | 2020 | — | — |
RB Observer | Observer | 2022 | — | — |
IH Observer | Observer | 2024 | — | — |
| Name | Role | Member since | Age | Other directorships |
|---|---|---|---|---|
| Chairman | 2022 | — | — | |
| Deputy Chairman | 2024 | — | — | |
| Board of Directors | 2021 | — | — | |
| Board of Directors | 2021 | — | — | |
| Board of Directors | 2022 | — | — | |
| Board of Directors | 2022 | — | — | |
| Board of Directors | 2022 | — | — |
| Shareholder | Type | Ownership | Votes | Since |
|---|---|---|---|---|
Ulsmo As | Company | 63.9% | 63.9% | 2024 |
Martin As | Company | 3.9% | 3.9% | 2024 |
Villamar As | Company | 3.3% | 3.3% | 2024 |
Aasheim Invest As | Company | 3.3% | 3.3% | 2024 |
Miraa Holding As | Company | 2.6% | 2.6% | 2024 |
Inger M Kristensen As | Company | 2.4% | 2.4% | 2024 |
Emar Invest As | Company | 2.3% | 2.3% | 2024 |
Duk Invest As | Company | 1.7% | 1.7% | 2024 |
Ulmar As | Company | 1.5% | 1.5% | 2024 |
Solnes As | Company | 1.5% | 1.5% | 2024 |
Arne Loen As | Company | 1.5% | 1.5% | 2024 |
Beeline As | Company | 1.5% | 1.5% | 2024 |
Ingus As | Company | 1.5% | 1.5% | 2024 |
Huk Invest As | Company | 1.3% | 1.3% | 2024 |
Margentum As | Company | 1.3% | 1.3% | 2024 |
Beneficial ownership (UBO) data access is restricted in Denmark as of September 2025 per the EU 6th AML Directive. Learn more.
Jupiter Invest Junior As
ULSTEIN GROUP ASA Board members of ULSTEIN GROUP ASA also hold positions in 0 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Gunvor Ulstein | Chief Executive Officer | 0 companies |
| John Hatløy | Observer | 0 companies |
| Raymond Karoliussen | Observer | 0 companies |
| Per Olav Hansen | Observer | 0 companies |
| Cathrine Kristiseter Marti | Chief Executive Officer | 0 companies |
| Rolv Bakke | Observer | 0 companies |
| Inge Håkonsholm | Observer | 0 companies |
| Tore Ulstein | Chairman | 0 companies |
| Ingerid Ulstein | Deputy Chairman | 0 companies |
| Erik Bartnes | Board of Directors | 0 companies |
| Gro Gauthun Kielland | Board of Directors | 0 companies |
| Olav Holst-Dyrnes | Board of Directors | 0 companies |
| Ole Henrik Bjørge | Board of Directors | 0 companies |
| Maria Bos | Board of Directors | 0 companies |