Riskpilot← Back to searchSign inGet full accessWESTGROUP AS
ASActiveOrg 988815616Brendehaugen 13, 6065 UlsteinvikCoating of metals · NACE 2551Est. 20052 employees
Revenue 2024
NOK 5,2M
+13% vs 2023
EBITDA margin
34.0%
-37% vs 2023
Equity ratio
70.1%
Financial strength
Net profit 2024
NOK 544K
-56% vs 2023
| Revenue | NOK 5,2M | +13% |
| EBITDA | NOK 1,8M | -37% |
| Net profit | NOK 544K | -56% |
| Total assets | NOK 30,1M | -1% |
| Equity | NOK 21,1M | +3% |
| Employees | 2 | — |
Legal name
WESTGROUP AS
Org number
988815616
Legal form
Aksjeselskap
NACE code
2551 · Coating of metals
Founded
25. oktober 2005
Share capital
NOK 290 250
Employees
2 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2024-12-31
Financial year
January – December
Signatory rights
Styrets leder alene.
Company purpose
Kjøp og salg av aksjer og verdipapirer. Kjøp, salg, utvikling og utleige av fast eiendom. Kjøp, salg og utleige av maskiner og utstyr. I tillegg kan selskapet investere i andre selskaper med næringsvirksomhet som formål.
Address
Brendehaugen 13, 6065 Ulsteinvik
Phone
+4770009837
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 | 0 | 112 | 5 570 | 5 755 | 4 281 | 4 468 | 8 246 | 5 384 | 4 979 | 2 472 | 2 897 | 3 828 | 6 213 | 3 170 | 3 037 | 4 611 | 5 208 |
| Staff expenses | −0 | −0 | −240 | −639 | −245 | −1 519 | −1 485 | −2 842 | −1 299 | −823 | −1 202 | −1 176 | −1 134 | −1 540 | −1 457 | −892 | −1 228 |
| EBITDA | −23 | 46 | 4 476 | 4 752 | 3 107 | 2 577 | 5 767 | 1 620 | 2 793 | 574 | 945 | 1 260 | 3 397 | 746 | 528 | 2 815 | 1 771 |
| Depreciation & amort. | −2 | −67 | −251 | −96 | −258 | −320 | −722 | −784 | −868 | −794 | −699 | −547 | −788 | −934 | −983 | −1 000 | −850 |
| EBIT | −25 | −21 | 4 225 | 4 655 | 2 849 | 2 257 | 5 045 | 836 | 1 925 | −220 | 246 | 713 | 2 609 | −187 | −454 | 1 815 | 920 |
| Net financials | 2 205 | 3 570 | 151 | 331 | 595 | 373 | 926 | −223 | −286 | −3 181 | −1 726 | −137 | −202 | −112 | −115 | −268 | −270 |
| Profit before tax | 2 180 | 3 549 | 4 376 | 4 987 | 3 444 | 2 630 | 5 971 | 613 | 1 640 | −3 401 | −1 480 | 576 | 2 408 | −300 | −569 | 1 547 | 650 |
| Tax | 50 | 9 | 1 222 | 1 396 | 937 | 731 | 1 399 | 118 | 394 | −123 | −14 | 110 | 530 | −76 | −151 | 303 | 106 |
| Net profit | 2 130 | 3 541 | 3 154 | 3 591 | 2 507 | 1 899 | 4 572 | 495 | 1 246 | −3 278 | −1 466 | 466 | 1 878 | −224 | −418 | 1 244 | 544 |
| Item | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | 7 996 | 11 041 | 17 466 | 21 669 | 22 360 | 30 672 | 41 303 | 40 496 | 41 037 | 31 968 | 28 857 | 30 029 | 30 864 | 29 582 | 29 516 | 30 539 | 30 093 |
| Equity | 7 449 | 10 290 | 15 393 | 18 274 | 19 950 | 21 349 | 25 421 | 25 798 | 26 944 | 21 916 | 19 815 | 19 227 | 20 414 | 20 190 | 19 512 | 20 548 | 21 092 |
| Long-term debt | 1 | 31 | 167 | 147 | 165 | 348 | 0 | 0 | 10 878 | 9 120 | 8 607 | 9 521 | 8 949 | 8 189 | 8 673 | 8 114 | 7 395 |
| Short-term debt | 545 | 720 | 1 906 | 3 248 | 2 245 | 8 975 | 6 641 | 3 340 | 3 215 | 932 | 434 | 1 280 | 1 501 | 1 202 | 1 331 | 1 877 | 1 605 |
| Total debt | 546 | 751 | 2 073 | 3 395 | 2 410 | 9 322 | 15 882 | 14 697 | 14 093 | 10 053 | 9 042 | 10 802 | 10 450 | 9 391 | 10 004 | 9 991 | 9 000 |
EBITDA margin
34.0%
This company
15.8%
Market median
+115% vs market
20082024
Equity ratio
70.1%
This company
38.2%
Market median
+84% vs market
20082024
Return on equity
2.6%
This company
18.4%
Market median
-86% vs market
20082024
Net profit margin
10.5%
This company
8.1%
Market median
+30% vs market
20082024
Asset turnover
0.17×
This company
1.12×
Market median
-85% vs market
20082024
Debt / equity
0.43×
This company
0.62×
Market median
+31% 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 |
|---|---|---|---|---|
TG Deputy Member | Deputy Member | 2012 | — | — |
| Name | Role | Member since | Age | Other directorships |
|---|---|---|---|---|
| Board of Directors | 2012 | — | — | |
| Chairman | 2012 | — | — |
| Shareholder | Type | Ownership | Votes | Since |
|---|---|---|---|---|
| Individual | 13.3% | 13.3% | 2022 | |
| Individual | 13.3% | 13.3% | 2022 | |
| Individual | 13.3% | 13.3% | 2022 |
Beneficial ownership (UBO) data access is restricted in Denmark as of September 2025 per the EU 6th AML Directive. Learn more.
WESTGROUP AS 
West Auto AsBoard members of WESTGROUP AS also hold positions in 0 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Torbjørn Gurskevik Knotten | Deputy Member | 0 companies |
| Trude Gurskevik Knotten | Board of Directors | 0 companies |
| Eldar Kåre Knotten | Chairman | 0 companies |