Riskpilot← Back to searchSign inGet full accessOREC AS
ASActiveOrg 990507244Laguneveien 7, 5239 RådalEngineering activities and related technical consultancy · NACE 7112Est. 20066 employeeswww.orec.no
Revenue 2024
NOK 36,5M
-9% vs 2023
EBITDA margin
2.7%
-23% vs 2023
Equity ratio
6.1%
Financial strength
Net profit 2024
NOK 1,2M
+36% vs 2023
| Revenue | NOK 36,5M | -9% |
| EBITDA | NOK 972K | -23% |
| Net profit | NOK 1,2M | +36% |
| Total assets | NOK 8,3M | -19% |
| Equity | NOK 507K | +24% |
| Employees | 6 | — |
Legal name
OREC AS
Org number
990507244
Legal form
Aksjeselskap
NACE code
7112 · Engineering activities and related technical consultancy
Founded
20. november 2006
Share capital
NOK 378 000
Employees
6 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2024-12-31
Financial year
January – December
Signatory rights
Knut olav hettervik
Company purpose
Tilby spesialist-/konsulenttjenester innen reservoar- og petroleums- teknologi, og det som naturlig hører inn under dette, samt deltakelse i andre foretak med annen eller lignende virksomhet.
Address
Laguneveien 7, 5239 Rådal
Email
post@orec.no
Website
www.orec.no
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| Item | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 29 008 | 36 512 | 46 282 | 29 987 | 29 840 | 33 420 | 33 547 | 17 881 | 10 024 | 13 058 | 14 820 | 18 575 | 17 633 | 20 479 | 29 002 | 39 927 | 36 500 |
| Staff expenses | −0 | −0 | −134 | −184 | −184 | −224 | −273 | −237 | −24 | −1 608 | −3 978 | −2 452 | −1 783 | −435 | −695 | −5 287 | −10 869 | −0 |
| EBITDA | 0 | 2 417 | 3 056 | 3 644 | 2 116 | 2 209 | 2 612 | 2 604 | 841 | 232 | 592 | 697 | 858 | 735 | 619 | 1 016 | 1 259 | 972 |
| Depreciation & amort. | −0 | −0 | −0 | −0 | −0 | −0 | −0 | −0 | −0 | −0 | −0 | −0 | −0 | −0 | −0 | −0 | −0 | −0 |
| EBIT | 0 | 2 417 | 3 056 | 3 644 | 2 116 | 2 209 | 2 612 | 2 604 | 841 | 232 | 592 | 697 | 858 | 735 | 619 | 1 016 | 1 259 | 972 |
| Net financials | 0 | 75 | 69 | 114 | 187 | 241 | 178 | 129 | 47 | 5 | 4 | 2 | 1 | 0 | −0 | −1 | −2 | 656 |
| Profit before tax | 0 | 2 492 | 3 125 | 3 758 | 2 304 | 2 450 | 2 790 | 2 734 | 888 | 237 | 595 | 699 | 859 | 735 | 618 | 1 015 | 1 257 | 1 628 |
| Tax | −0 | 699 | 887 | 1 062 | 657 | 702 | 794 | 745 | 243 | 66 | 148 | 165 | 193 | 163 | 139 | 253 | 345 | −0 |
| Net profit | 0 | 1 793 | 2 238 | 2 695 | 1 646 | 1 748 | 1 996 | 1 989 | 645 | 170 | 447 | 534 | 666 | 572 | 479 | 762 | 912 | 1 236 |
| Item | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | — | 9 458 | 13 104 | 16 491 | 13 381 | 15 569 | 14 774 | 14 433 | 6 965 | 4 852 | 7 145 | 5 685 | 6 956 | 5 791 | 6 729 | 9 014 | 10 145 | 8 259 |
| Equity | — | 2 508 | 4 915 | 6 125 | 6 971 | 4 719 | 5 202 | 6 739 | 4 259 | 3 072 | 2 219 | 2 644 | 3 027 | 2 099 | 2 309 | 1 319 | 410 | 507 |
| Long-term debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Short-term debt | 0 | 6 950 | 8 190 | 10 367 | 6 410 | 10 850 | 9 572 | 7 694 | 2 706 | 1 780 | 4 926 | 3 040 | 3 930 | 3 692 | 4 420 | 7 695 | 9 734 | 7 752 |
| Total debt | 0 | 6 950 | 8 190 | 10 367 | 6 410 | 10 850 | 9 572 | 7 694 | 2 706 | 1 780 | 4 926 | 3 040 | 3 930 | 3 692 | 4 420 | 7 695 | 9 734 | 7 752 |
EBITDA margin
2.7%
This company
15.8%
Market median
-83% vs market
20072024
Equity ratio
6.1%
This company
38.2%
Market median
-84% vs market
20072024
Return on equity
243.9%
This company
18.4%
Market median
+1226% vs market
20072024
Net profit margin
3.4%
This company
8.1%
Market median
-58% vs market
20072024
Asset turnover
4.42×
This company
1.12×
Market median
+295% vs market
20072024
Debt / equity
15.29×
This company
0.62×
Market median
-2366% vs market
20072024
- 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
- Annual report 2007Filed via Brønnøysundsregistrene · Period 2007-01-01 – 2007-12-31
No data on file.
| Name | Role | Member since | Age | Other directorships |
|---|---|---|---|---|
| Board of Directors | 2021 | — | — | |
| Chairman | 2024 | — | — |
| Shareholder | Type | Ownership | Votes | Since |
|---|---|---|---|---|
Orec As | Company | 34.7% | 34.7% | 2022 |
Hettervik Reservoir Consulting As | Company | 26.1% | 26.1% | 2022 |
| Individual | 18.3% | 18.3% | 2022 | |
Geomod 3d As | Company | 7.9% | 7.9% | 2022 |
Jugozapad Invest As | Company | 5.3% | 5.3% | 2022 |
Kongslien Petrophysics As | Company | 3.9% | 3.9% | 2022 |
Gean Invest As | Company | 3.9% | 3.9% | 2022 |
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No registered parent or subsidiaries
Board members of OREC AS also hold positions in 0 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Christopher Townsend | Board of Directors | 0 companies |
| Are Manneråk | Chairman | 0 companies |