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FARSTAD OFFSHORE AS
AS
Active
Org 992047380
Skansekaia 4A, 6002 Ålesund
Forsyning og andre sjøtransporttjenester for offshore · NACE 50204
Est. 2008
0 employees
www.solstadfarstad.com
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Overview
Financials
People & ownership
Related companies
Revenue 2020
NOK 6,4M
+235% vs 2019
EBITDA margin
-13429.6%
-29796% vs 2019
Equity ratio
-315.5%
Financial strength
Net profit 2020
NOK -864M
-8344% vs 2019
EBITDA — year on year
NOK millions
49M
-231M
-511M
-790M
-1070M
39M
2016
8M
-79%
2017
-15M
-287%
2018
3M
+120%
2019
-856M
-28633%
2020
Key figures
Annual report 2020
Revenue
NOK 6,4M
+235%
EBITDA
NOK -856,1M
-29796%
Net profit
NOK -864M
-8344%
Total assets
NOK 267,5M
-64%
Equity
NOK -844,1M
-4341%
Employees
0
—
Company information
Legal name
FARSTAD OFFSHORE AS
Org number
992047380
Legal form
Aksjeselskap
NACE code
50204 · Forsyning og andre sjøtransporttjenester for offshore
Founded
4. februar 2008
Share capital
NOK 17 710 000 000
Employees
0
VAT registered
No
Audit selected
No
Last report
2020-12-31
Financial year
January – December
Signatory rights
To styremedlemmer i fellesskap. Styrets leder alene.
Company purpose
Rederivirksomhet og alt som står i forbindelse med dette, herunder å eie aksjer og andeler i tilsvarende eller beslektet virksomhet.
Contact
Address
Skansekaia 4A, 6002 Ålesund
Website
www.solstadfarstad.com
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Companies in Forsyning og andre sjøtransporttjenester for offshore
Companies in Ålesund
All Norway companies
Revenue
NOK millions
0M
61M
121M
182M
243M
211M
2016
8M
2017
15M
2018
2M
2019
6M
2020
EBITDA
NOK millions
0M
11M
22M
34M
45M
39M
2016
8M
2017
-15M
2018
3M
2019
-856M
2020
Income statement
NOK thousands
Item
2016
2017
2018
2019
2020
Revenue
210 586
7 553
14 918
1 903
6 375
Staff expenses
−47 403
1 297
91
−0
−0
EBITDA
38 563
7 630
−15 435
2 883
−856 137
Depreciation & amort.
−27 628
−0
−0
−2 402
158
EBIT
10 935
7 630
−15 435
481
−855 979
Net financials
11 106
−4 461
−4 394
−7 803
−6 364
Profit before tax
22 041
3 169
−12 111
−8 611
−862 344
Tax
19 627
1 522
1 322
−0
−0
Net profit
2 413
1 647
−13 433
−10 232
−863 972
Balance sheet
NOK thousands
Item
2016
2017
2018
2019
2020
Total assets
171 188
231 861
159 654
743 565
267 524
Equity
41 512
43 568
30 134
19 902
−844 070
Long-term debt
100 000
70 000
70 000
70 000
0
Short-term debt
29 676
118 294
59 520
653 663
1 111 594
Total debt
129 676
188 294
129 520
723 663
1 111 594
Financial ratios
5-year trend
EBITDA margin
-13429.6%
This company
15.8%
Market median
-85097% vs market
2016
2020
Equity ratio
-315.5%
This company
38.2%
Market median
-926% vs market
2016
2020
Return on equity
-86397200000.0%
This company
18.4%
Market median
-469550000100% vs market
2016
2020
Net profit margin
-13552.5%
This company
8.1%
Market median
-167415% vs market
2016
2020
Asset turnover
0.02×
This company
1.12×
Market median
-98% vs market
2016
2020
Debt / equity
1.32×
This company
0.62×
Market median
-113% vs market
2016
2020
Annual reports & filings
Annual report 2020
Filed via Brønnøysundsregistrene · Period 2020-01-01 – 2020-12-31
View
PDF
Annual report 2019
Filed via Brønnøysundsregistrene · Period 2019-01-01 – 2019-12-31
View
PDF
Annual report 2018
Filed via Brønnøysundsregistrene · Period 2018-01-01 – 2018-12-31
View
PDF
Annual report 2017
Filed via Brønnøysundsregistrene · Period 2017-01-01 – 2017-12-31
View
PDF
Annual report 2016
Filed via Brønnøysundsregistrene · Period 2016-01-01 – 2016-12-31
View
PDF
Management
Actively employed in the business
No data on file.
Board of directors
Non-executive oversight
Name
Role
Member since
Current (3)
EK
Eivind Kvilhaug
Board of Directors
2020
LP
Lars Peder Solstad
Chairman
2020
KR
Kjetil Ramstad
Board of Directors
2020
Shareholders
As of last annual report
No shareholder data available.
Beneficial ownership (UBO) data access is restricted in Denmark as of September 2025 per the EU 6th AML Directive.
Learn more
.
Company hierarchy
No registered parent or subsidiaries
Board network connections
Board members of FARSTAD OFFSHORE AS also hold positions in
0
other companies.
Person
Role here
Other companies
Eivind Kvilhaug
Board of Directors
0 companies
Lars Peder Solstad
Chairman
0 companies
Kjetil Ramstad
Board of Directors
0 companies