Riskpilot← Back to searchSign inGet full accessNORECS AS
ASActiveOrg 983842518Engervannsveien 39, 1337 SandvikaManufacture of instruments and appliances for measuring, testing and navigation · NACE 2651Est. 20015 employeeswww.norecs.com
Revenue 2024
NOK 6,2M
-46% vs 2023
EBITDA margin
10.9%
-80% vs 2023
Equity ratio
89.0%
Financial strength
Net profit 2024
NOK 554K
-78% vs 2023
| Revenue | NOK 6,2M | -46% |
| EBITDA | NOK 680K | -80% |
| Net profit | NOK 554K | -78% |
| Total assets | NOK 6,6M | -13% |
| Equity | NOK 5,8M | +10% |
| Employees | 5 | — |
Legal name
NORECS AS
Org number
983842518
Legal form
Aksjeselskap
NACE code
2651 · Manufacture of instruments and appliances for measuring, testing and navigation
Founded
31. oktober 2001
Share capital
NOK 100 000
Employees
5 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2024-12-31
Financial year
January – December
Signatory rights
To styremedlemmer i fellesskap. Styrets leder alene.
Company purpose
Utvikling og produksjon av vitenskapelig måleutstyr.
Address
Engervannsveien 39, 1337 Sandvika
Phone
+4722958623
Email
post@norecs.com
Website
www.norecs.com
Risika for professionals
Risika provides regulated workflow tools for finance, procurement and compliance teams that need monitoring, alerts and an API.
| Item | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | 4 971 | 5 914 | 6 497 | 11 412 | 6 211 |
| Staff expenses | −2 251 | −2 327 | −2 383 | −2 777 | −3 094 |
| EBITDA | −0 | 496 | 1 204 | 3 359 | 680 |
| Depreciation & amort. | −0 | −0 | −0 | −10 | −7 |
| EBIT | −0 | 496 | 1 204 | 3 349 | 673 |
| Net financials | 112 | −16 | −93 | −79 | 39 |
| Profit before tax | 112 | 480 | 1 110 | 3 270 | 712 |
| Tax | −0 | −0 | 230 | 720 | 158 |
| Net profit | 112 | 480 | 880 | 2 550 | 554 |
| Item | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Total assets | 2 894 | 3 563 | 4 278 | 7 569 | 6 568 |
| Equity | 1 756 | 2 236 | 3 116 | 5 291 | 5 845 |
| Long-term debt | 0 | 0 | 0 | 0 | 4 |
| Short-term debt | 1 138 | 1 328 | 1 162 | 2 278 | 720 |
| Total debt | 1 138 | 1 328 | 1 162 | 2 278 | 723 |
EBITDA margin
10.9%
This company
15.8%
Market median
-31% vs market
20202024
Equity ratio
89.0%
This company
38.2%
Market median
+133% vs market
20202024
Return on equity
9.5%
This company
18.4%
Market median
-48% vs market
20202024
Net profit margin
8.9%
This company
8.1%
Market median
+10% vs market
20202024
Asset turnover
0.95×
This company
1.12×
Market median
+15% vs market
20202024
Debt / equity
0.12×
This company
0.62×
Market median
+81% vs market
20202024
- 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
| Name | Role | Member since |
|---|---|---|
| Current (1) | ||
LY Chief Executive Officer | Chief Executive Officer | 2022 |
| Former (1) | ||
IL Chief Executive Officer | Chief Executive Officer | 2008 – 2022 |
| Name | Role | Member since |
|---|---|---|
| Current (2) | ||
| Chairman | 2011 | |
| Board of Directors | 2011 | |
| Shareholder | Type | Ownership | Votes | Since |
|---|---|---|---|---|
| Individual | 20% | 20% | 2023 | |
Baoru Wang | Company | 10% | 10% | 2023 |
| Individual | 5% | 5% | 2023 |
Beneficial ownership (UBO) data access is restricted in Denmark as of September 2025 per the EU 6th AML Directive. Learn more.
No registered parent or subsidiaries
Board members of NORECS AS also hold positions in 0 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Lingzhi Yan | Chief Executive Officer | 0 companies |
| Ingvild Lorentzen | Chief Executive Officer | 0 companies |
| Truls Eivind Norby | Chairman | 0 companies |
| Yngve Larring | Board of Directors | 0 companies |