Riskpilot← Back to searchSign inGet full accessWESTMEK AS
ASActiveOrg 987584785Borgundvågen, 6750 StadlandetRepair and maintenance of civilian ships and boats · NACE 3315Est. 200416 employees
Revenue 2024
NOK 51,6M
-24% vs 2023
EBITDA margin
5.0%
-68% vs 2023
Equity ratio
25.9%
Financial strength
Net profit 2024
NOK 576K
-88% vs 2023
| Revenue | NOK 51,6M | -24% |
| EBITDA | NOK 2,6M | -68% |
| Net profit | NOK 576K | -88% |
| Total assets | NOK 35M | -20% |
| Equity | NOK 9M | -45% |
| Employees | 16 | — |
Legal name
WESTMEK AS
Org number
987584785
Legal form
Aksjeselskap
NACE code
3315 · Repair and maintenance of civilian ships and boats
Founded
11. desember 2004
Share capital
NOK 3 550 000
Employees
16 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2024-12-31
Financial year
January – December
Signatory rights
Styrets leder alene.
Company purpose
Mekanisk industri og hva dermed hører sammen, samt kjøp av aksjer eller parter og erverve interesser i andre selskaper med økonomisk formål.
Address
Borgundvågen, 6750 Stadlandet
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| Item | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 22 445 | 21 695 | 29 267 | 37 302 | 30 322 | 24 757 | 20 999 | 35 894 | 44 330 | 67 432 | 76 014 | 84 861 | 51 250 | 76 572 | 71 326 | 68 163 | 51 553 |
| Staff expenses | −3 744 | −3 484 | −3 547 | −4 352 | −5 192 | −4 451 | −4 530 | −4 999 | −6 376 | −8 270 | −10 494 | −11 875 | −10 681 | −10 301 | −11 039 | −10 195 | −9 860 |
| EBITDA | 2 823 | 3 066 | 4 981 | 4 224 | 3 230 | 1 243 | 1 626 | 2 858 | 5 652 | 5 661 | 6 791 | 6 720 | 6 005 | 8 993 | 3 529 | 7 989 | 2 559 |
| Depreciation & amort. | −421 | −675 | −703 | −658 | −675 | −0 | −0 | −0 | −514 | −826 | −999 | −1 094 | −1 171 | −1 158 | −1 201 | −1 174 | −1 133 |
| EBIT | 2 402 | 2 392 | 4 278 | 3 566 | 2 555 | 1 243 | 1 626 | 2 858 | 5 138 | 4 835 | 5 792 | 5 627 | 4 835 | 7 835 | 2 329 | 6 816 | 1 426 |
| Net financials | −557 | −538 | −534 | −458 | −397 | −545 | −505 | −482 | −292 | −561 | −568 | −549 | −410 | −31 | −267 | −402 | −675 |
| Profit before tax | 1 845 | 1 853 | 3 744 | 3 108 | 2 159 | 698 | 1 121 | 2 376 | 4 847 | 4 274 | 5 224 | 5 078 | 4 424 | 7 803 | 2 062 | 6 414 | 751 |
| Tax | 521 | 523 | 1 044 | 882 | 605 | 189 | 298 | 376 | 960 | 926 | 1 196 | 1 120 | 978 | 1 719 | 451 | 1 410 | 175 |
| Net profit | 1 324 | 1 331 | 2 700 | 2 226 | 1 554 | 509 | 822 | 2 000 | 3 887 | 3 348 | 4 028 | 3 958 | 3 447 | 6 085 | 1 611 | 5 004 | 576 |
| Item | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | 16 232 | 18 817 | 22 063 | 27 579 | 26 435 | 18 004 | 19 980 | 20 647 | 35 588 | 32 205 | 45 273 | 44 270 | 48 840 | 39 415 | 35 342 | 43 471 | 34 973 |
| Equity | 1 656 | 5 232 | 5 235 | 5 270 | 6 824 | 6 833 | 6 905 | 8 155 | 11 041 | 12 389 | 14 417 | 14 875 | 15 322 | 16 906 | 15 463 | 16 468 | 9 044 |
| Long-term debt | 6 748 | 7 453 | 6 953 | 6 488 | 5 980 | 5 531 | 5 079 | 5 015 | 4 538 | 10 371 | 9 428 | 8 998 | 7 949 | 6 635 | 5 944 | 5 045 | 11 679 |
| Short-term debt | 7 828 | 6 132 | 9 876 | 15 822 | 13 632 | 5 641 | 7 996 | 7 477 | 20 009 | 9 444 | 21 427 | 20 396 | 25 569 | 15 874 | 13 935 | 21 958 | 14 251 |
| Total debt | 14 576 | 13 585 | 16 829 | 22 309 | 19 611 | 11 172 | 13 075 | 12 492 | 24 546 | 19 816 | 30 855 | 29 394 | 33 518 | 22 509 | 19 879 | 27 003 | 25 930 |
EBITDA margin
5.0%
This company
15.8%
Market median
-68% vs market
20082024
Equity ratio
25.9%
This company
38.2%
Market median
-32% vs market
20082024
Return on equity
6.4%
This company
18.4%
Market median
-65% vs market
20082024
Net profit margin
1.1%
This company
8.1%
Market median
-86% vs market
20082024
Asset turnover
1.47×
This company
1.12×
Market median
+31% vs market
20082024
Debt / equity
2.87×
This company
0.62×
Market median
-363% 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
No data on file.
| Name | Role | Member since | Age | Other directorships |
|---|---|---|---|---|
| Board of Directors | 2025 | — | — | |
| Board of Directors | 2020 | — | — | |
| Board of Directors | 2024 | — | — | |
| Chairman | 2020 | — | — | |
| Board of Directors | 2020 | — | — |
| Shareholder | Type | Ownership | Votes | Since |
|---|---|---|---|---|
Ervik Group As | Company | 87.5% | 87.5% | 2024 |
| Individual | 5.0% | 5.0% | 2024 | |
| Individual | 5.0% | 5.0% | 2024 | |
| Individual | 2.5% | 2.5% | 2024 |
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WESTMEK AS 
Måløy Maritime Group AsBoard members of WESTMEK AS also hold positions in 0 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Jetmund August Ervik | Board of Directors | 0 companies |
| Kjell Magne Ervik | Board of Directors | 0 companies |
| Robert Ervik | Board of Directors | 0 companies |
| Stig Tore Ervik | Chairman | 0 companies |
| Bent Arne Gangsø | Board of Directors | 0 companies |