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ASActiveOrg 984022581Brannstasjonsveien 24, 4312 SandnesMachining of metals · NACE 2553Est. 200111 employees
Revenue 2024
NOK 15,6M
+40% vs 2023
EBITDA margin
12.4%
+125% vs 2023
Equity ratio
58.2%
Financial strength
Net profit 2024
NOK 1,5M
+118% vs 2023
| Revenue | NOK 15,6M | +40% |
| EBITDA | NOK 1,9M | +125% |
| Net profit | NOK 1,5M | +118% |
| Total assets | NOK 9,4M | +23% |
| Equity | NOK 5,4M | -9% |
| Employees | 11 | — |
Legal name
WATECH AS
Org number
984022581
Legal form
Aksjeselskap
NACE code
2553 · Machining of metals
Founded
18. desember 2001
Share capital
NOK 300 000
Employees
11 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2024-12-31
Financial year
January – December
Signatory rights
Styrets leder og ett styremedlem i fellesskap.
Company purpose
Produsent av, og leverandør av høytrykkteknologi til land- og offshorevirksomhet, samt virksomhet som står i forbindelse med dette.
Address
Brannstasjonsveien 24, 4312 Sandnes
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 | 12 196 | 8 645 | 9 310 | 9 389 | 8 813 | 10 051 | 10 850 | 9 590 | 11 831 | 8 533 | 11 876 | 10 745 | 10 904 | 8 144 | 9 806 | 11 150 | 15 562 |
| Staff expenses | −4 472 | −4 085 | −3 941 | −3 805 | −4 236 | −4 546 | −4 831 | −4 125 | −4 018 | −4 330 | −4 621 | −4 212 | −4 394 | −3 976 | −4 338 | −5 019 | −5 651 |
| EBITDA | 1 202 | −145 | 378 | 529 | 427 | 200 | 182 | 920 | 676 | 45 | 468 | 1 411 | 59 | −44 | 560 | 859 | 1 936 |
| Depreciation & amort. | −340 | −6 | −6 | −6 | −10 | −11 | −5 | −5 | −5 | −47 | −59 | −140 | −146 | −125 | −120 | −103 | −23 |
| EBIT | 862 | −152 | 372 | 522 | 417 | 189 | 177 | 915 | 671 | −2 | 409 | 1 271 | −87 | −169 | 441 | 756 | 1 913 |
| Net financials | −32 | −11 | −36 | −24 | −11 | −34 | −19 | −22 | −83 | −76 | −70 | −76 | −60 | −23 | −16 | −16 | −5 |
| Profit before tax | 830 | −163 | 335 | 499 | 406 | 155 | 158 | 893 | 588 | −77 | 338 | 1 195 | −148 | −192 | 424 | 740 | 1 908 |
| Tax | 313 | −90 | 57 | 125 | 92 | −0 | 11 | 21 | −0 | −0 | −0 | 139 | −0 | −140 | −0 | 74 | 454 |
| Net profit | 517 | −73 | 278 | 374 | 313 | 155 | 147 | 872 | 588 | −77 | 338 | 1 056 | −148 | −52 | 424 | 666 | 1 454 |
| Item | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | 4 094 | 4 051 | 4 599 | 4 064 | 5 035 | 4 032 | 4 577 | 5 564 | 7 360 | 6 572 | 6 802 | 8 183 | 6 893 | 6 493 | 7 173 | 7 632 | 9 354 |
| Equity | 2 128 | 2 054 | 2 132 | 2 306 | 2 420 | 2 375 | 2 321 | 3 193 | 3 781 | 3 704 | 4 042 | 5 098 | 4 950 | 4 897 | 5 322 | 5 988 | 5 442 |
| Long-term debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 600 | 1 440 | 1 120 | 800 | 480 | 160 | 0 | 30 | 0 |
| Short-term debt | 1 967 | 1 996 | 2 467 | 1 758 | 2 615 | 1 657 | 2 255 | 2 371 | 1 979 | 1 428 | 1 640 | 2 285 | 1 463 | 1 436 | 1 851 | 1 614 | 3 912 |
| Total debt | 1 967 | 1 996 | 2 467 | 1 758 | 2 615 | 1 657 | 2 255 | 2 371 | 3 579 | 2 868 | 2 760 | 3 085 | 1 943 | 1 596 | 1 851 | 1 644 | 3 912 |
EBITDA margin
12.4%
This company
15.8%
Market median
-22% vs market
20082024
Equity ratio
58.2%
This company
38.2%
Market median
+52% vs market
20082024
Return on equity
26.7%
This company
18.4%
Market median
+45% vs market
20082024
Net profit margin
9.3%
This company
8.1%
Market median
+15% vs market
20082024
Asset turnover
1.66×
This company
1.12×
Market median
+48% vs market
20082024
Debt / equity
0.72×
This company
0.62×
Market median
+16% 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 |
|---|---|---|---|---|
EE Chief Executive Officer | Chief Executive Officer | 2001 | — | — |
JT Chief Executive Officer | Chief Executive Officer | 2025 | — | — |
| Name | Role | Member since | Age | Other directorships |
|---|---|---|---|---|
| Board of Directors | 2001 | — | — | |
| Chairman | 2025 | — | — |
| Shareholder | Type | Ownership | Votes | Since |
|---|---|---|---|---|
| Individual | 20.0% | 20.0% | 2024 | |
| Individual | 15.0% | 15.0% | 2024 | |
| Individual | 15.0% | 15.0% | 2024 |
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No registered parent or subsidiaries
Board members of WATECH AS also hold positions in 0 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Elmund Emil Harestad | Chief Executive Officer | 0 companies |
| Jon Trygve Skartveit | Chief Executive Officer | 0 companies |
| Turid Vibeke Harestad | Board of Directors | 0 companies |
| Ove Sæland | Chairman | 0 companies |