Riskpilot← Back to searchSign inGet full accessINNOVAR SOLUTIONS AS
ASActiveOrg 988470376Varabergmyra 18, 4051 SolaEngineering activities and related technical consultancy · NACE 7112Est. 200516 employeeswww.innovar.no
Revenue 2024
NOK 39,6M
+25% vs 2023
EBITDA margin
37.2%
+60% vs 2023
Equity ratio
52.2%
Financial strength
Net profit 2024
NOK -9,3M
-263% vs 2023
| Revenue | NOK 39,6M | +25% |
| EBITDA | NOK 14,8M | +60% |
| Net profit | NOK -9,3M | -263% |
| Total assets | NOK 39,9M | -23% |
| Equity | NOK 20,8M | -31% |
| Employees | 16 | — |
Legal name
INNOVAR SOLUTIONS AS
Org number
988470376
Legal form
Aksjeselskap
NACE code
7112 · Engineering activities and related technical consultancy
Founded
16. august 2005
Share capital
NOK 500 000
Employees
16 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2024-12-31
Financial year
January – December
Signatory rights
Styrets leder alene. Daglig leder og styrets leder i fellesskap.
Company purpose
Produktutvikling, produksjon, utleie og salg/ handel av utstyr og personell mot offshore og industrimarkedet.
Address
Varabergmyra 18, 4051 Sola
Website
www.innovar.no
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 | 24 639 | 32 102 | 25 392 | 31 617 | 39 644 |
| Staff expenses | −10 426 | −12 108 | −14 446 | −16 383 | −16 602 |
| EBITDA | 9 039 | 12 528 | 5 042 | 9 257 | 14 766 |
| Depreciation & amort. | −974 | −948 | −1 369 | −1 900 | −1 912 |
| EBIT | 8 065 | 11 580 | 3 673 | 7 357 | 12 854 |
| Net financials | 152 | 51 | 106 | −38 | −19 547 |
| Profit before tax | 8 217 | 11 631 | 3 779 | 7 319 | −6 693 |
| Tax | 1 811 | 2 562 | 834 | 1 611 | 2 624 |
| Net profit | 6 406 | 9 070 | 2 946 | 5 709 | −9 316 |
| Item | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Total assets | 28 949 | 31 921 | 33 763 | 51 882 | 39 901 |
| Equity | 24 438 | 25 500 | 28 446 | 30 154 | 20 838 |
| Long-term debt | 318 | 966 | 737 | 11 959 | 10 116 |
| Short-term debt | 4 193 | 5 455 | 4 581 | 9 769 | 8 947 |
| Total debt | 4 511 | 6 421 | 5 318 | 21 728 | 19 063 |
EBITDA margin
37.2%
This company
15.8%
Market median
+135% vs market
20202024
Equity ratio
52.2%
This company
38.2%
Market median
+37% vs market
20202024
Return on equity
-44.7%
This company
18.4%
Market median
-343% vs market
20202024
Net profit margin
-23.5%
This company
8.1%
Market median
-390% vs market
20202024
Asset turnover
0.99×
This company
1.12×
Market median
+12% vs market
20202024
Debt / equity
0.91×
This company
0.62×
Market median
+47% 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 (2) | ||
JR Chief Executive Officer | Chief Executive Officer | 2022 |
HH Chief Executive Officer | Chief Executive Officer | 2025 |
| Former (1) | ||
ES Chief Executive Officer | Chief Executive Officer | 2017 – 2021 |
| Name | Role | Member since |
|---|---|---|
| Current (5) | ||
| Board of Directors | 2021 | |
| Board of Directors | 2021 | |
| Chairman | 2021 | |
| Board of Directors | 2024 | |
| Board of Directors | 2024 | |
| Former (1) | ||
| Board of Directors | 2020 – 2021 | |
| Shareholder | Type | Ownership | Votes | Since |
|---|---|---|---|---|
| Company | 70.12% | 70.12% | 2023 | |
| Company | 5.9% | 5.9% | 2023 | |
| Company | 5.22% | 5.22% | 2023 | |
| Company | 5.21% | 5.21% | 2023 | |
| Company | 4.96% | 4.96% | 2023 | |
| Company | 4.86% | 4.86% | 2023 | |
| Company | 2.86% | 2.86% | 2023 |
Beneficial ownership (UBO) data access is restricted in Denmark as of September 2025 per the EU 6th AML Directive. Learn more.
Maritah As
INNOVAR SOLUTIONS AS Board members of INNOVAR SOLUTIONS AS also hold positions in 0 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Elin Steinsland | Chief Executive Officer | 0 companies |
| Jan Richard Thygesen | Chief Executive Officer | 0 companies |
| Henrik Hagen | Chief Executive Officer | 0 companies |
| Johannes Finborud | Board of Directors | 0 companies |
| Kjell Peter Randulff | Board of Directors | 0 companies |
| Kurt Oddvar Austrått | Board of Directors | 0 companies |
| Karluf Hagen | Chairman | 0 companies |
| Stig Hetlevik | Board of Directors | 0 companies |
| Kine Hagen | Board of Directors | 0 companies |