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Hitec Products AS
AS
Active
Org 984896638
Ljosheimvegen 1, 4050
Sola
Building of civilian ships and floating structures
·
NACE 3011
Est. 2002 · 23 years old
114 employees
Monitor
Share
Norway
/
Companies
/
Building of civilian ships and floating structures
/
Hitec Products AS
Overview
Financials
People & ownership
Related companies
Loading company…
Financials
Revenue
NOK millions
940M
705M
470M
235M
0M
2021: 322M
322M
2021
2022: 285M (-11% vs 2021)
285M
-11%
2022
2023: 411M (+44% vs 2022)
411M
+44%
2023
2024: 731M (+78% vs 2023)
731M
+78%
2024
2025: 755M (+3% vs 2024)
755M
+3%
2025
EBITDA
NOK millions
156M
117M
78M
39M
0M
2021: 4M
4M
2021
2022: 6M (+50% vs 2021)
6M
+50%
2022
2023: 24M (+300% vs 2022)
24M
+300%
2023
2024: 125M (+421% vs 2023)
125M
+421%
2024
2025: 96M (-23% vs 2024)
96M
-23%
2025
Income statement
NOK thousands
Item
2025
2024
2023
2022
2021
Revenue
755 020
730 952
411 430
285 319
322 072
Staff expenses
−148 709
−137 650
−115 900
−102 821
−108 443
EBITDA
96 254
124 860
24 070
6 361
3 777
Depreciation & amort.
−3 925
−3 285
−2 555
−1 754
−1 269
EBIT
92 329
121 574
21 515
4 607
2 508
Net financials
1 271
4 296
−7 658
1 481
−1 455
Profit before tax
93 601
125 870
13 856
6 088
1 054
Tax
20 742
27 702
5 443
1 214
436
Net profit
72 858
98 168
8 414
4 874
618
Balance sheet
NOK thousands
Item
2025
2024
2023
2022
2021
Total assets
297 335
447 438
303 450
183 270
168 884
Equity
171 442
108 572
99 191
105 777
115 584
Long-term debt
4 239
18 521
5 704
262
3 415
Short-term debt
121 653
320 345
198 555
77 231
49 885
Total debt
125 893
338 866
204 259
77 493
53 300
Financial ratios
5-year trend
EBITDA margin
12,7 %
This company
15,8 %
Market median
This company
Market median
20% below market
2021
2025
Equity ratio
57,7 %
This company
38,2 %
Market median
This company
Market median
51% above market
2021
2025
Return on equity
42,5 %
This company
18,4 %
Market median
This company
Market median
131% above market
2021
2025
Net profit margin
9,6 %
This company
8,1 %
Market median
This company
Market median
19% above market
2021
2025
Asset turnover
2,54×
This company
1,12×
Market median
This company
Market median
127% above market
2021
2025
Debt / equity
0,73×
This company
0,62×
Market median
This company
Market median
18% above market
2021
2025
Annual reports & filings
Annual report 2025
Filed via Brønnøysundsregistrene · Period 2025-01-01 – 2025-12-31
View
PDF
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
More on Hitec Products AS
Overview →
Headline figures, risk assessment and company summary
People & ownership →
Management, board and shareholder breakdown
Related companies →
Corporate hierarchy, parent and subsidiary network
