Riskpilot← Back to searchSign inGet full accessULSTEIN ELEKTRO INSTALLASJON AS
ASActiveOrg 992528664Osnesvegen 110, 6065 UlsteinvikBuilding of civilian ships and floating structures · NACE 3011Est. 200858 employeeswww.ulsteingroup.com
Revenue 2024
NOK 114,2M
+366% vs 2023
EBITDA margin
-5.9%
-325% vs 2023
Equity ratio
10.8%
Financial strength
Net profit 2024
NOK -6,1M
-195% vs 2023
| Revenue | NOK 114,2M | +366% |
| EBITDA | NOK -6,8M | -325% |
| Net profit | NOK -6,1M | -195% |
| Total assets | NOK 51,7M | +29% |
| Equity | NOK 5,6M | -17% |
| Employees | 58 | — |
Legal name
ULSTEIN ELEKTRO INSTALLASJON AS
Org number
992528664
Legal form
Aksjeselskap
NACE code
3011 · Building of civilian ships and floating structures
Founded
15. april 2008
Share capital
NOK 115 334
Employees
58 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2024-12-31
Financial year
January – December
Signatory rights
Styrets leder og ett styremedlem i fellesskap.
Company purpose
Elektroinstallasjonsvirksomhet, samt all annen virksomhet som er naturlig i forbindelse hermed.
Address
Osnesvegen 110, 6065 Ulsteinvik
Phone
+4770008800
Email
gr@ulstein.com
Website
www.ulsteingroup.com
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 | 142 494 | 110 261 | 19 906 | 24 498 | 114 172 |
| Staff expenses | −44 321 | −42 503 | −18 853 | −17 279 | −35 234 |
| EBITDA | −16 223 | 1 010 | −5 385 | −1 590 | −6 762 |
| Depreciation & amort. | −126 | −155 | −149 | −88 | −51 |
| EBIT | −16 350 | 855 | −5 534 | −1 678 | −6 813 |
| Net financials | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | −17 355 | 452 | −5 896 | −2 653 | −7 868 |
| Tax | −3 816 | 99 | −1 286 | −571 | −1 730 |
| Net profit | −13 539 | 352 | −4 611 | −2 082 | −6 138 |
| Item | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Total assets | 59 795 | 34 678 | 27 998 | 39 963 | 51 696 |
| Equity | 10 891 | 13 194 | 8 583 | 6 704 | 5 567 |
| Long-term debt | 0 | 0 | 0 | 0 | 0 |
| Short-term debt | 48 903 | 21 484 | 19 414 | 33 259 | 46 129 |
| Total debt | 48 903 | 21 484 | 19 414 | 33 259 | 46 129 |
EBITDA margin
-5.9%
This company
15.8%
Market median
-137% vs market
20202024
Equity ratio
10.8%
This company
38.2%
Market median
-72% vs market
20202024
Return on equity
-110.3%
This company
18.4%
Market median
-699% vs market
20202024
Net profit margin
-5.4%
This company
8.1%
Market median
-167% vs market
20202024
Asset turnover
2.21×
This company
1.12×
Market median
+97% vs market
20202024
Debt / equity
8.29×
This company
0.62×
Market median
-1237% 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 (3) | ||
ML Observer | Observer | 2024 |
SM Chief Executive Officer | Chief Executive Officer | 2025 |
BE Deputy Member | Deputy Member | 2024 |
| Former (5) | ||
GØ Chief Executive Officer | Chief Executive Officer | 2021 – 2023 |
MK Chief Executive Officer | Chief Executive Officer | 2023 – 2024 |
BO Deputy Member | Deputy Member | 2022 – 2024 |
TD Deputy Member | Deputy Member | 2021 – 2022 |
BB Chief Executive Officer | Chief Executive Officer | 2020 – 2021 |
| Name | Role | Member since |
|---|---|---|
| Current (3) | ||
| Board of Directors | 2024 | |
| Board of Directors | 2024 | |
| Chairman | 2025 | |
| Former (2) | ||
| Chairman | 2022 – 2025 | |
| Board of Directors | 2022 – 2024 | |
| Shareholder | Type | Ownership | Votes | Since |
|---|---|---|---|---|
| Company | 100% | 100% | 2024 |
Beneficial ownership (UBO) data access is restricted in Denmark as of September 2025 per the EU 6th AML Directive. Learn more.
Jupiter Invest Junior As
ULSTEIN ELEKTRO INSTALLASJON AS Board members of ULSTEIN ELEKTRO INSTALLASJON AS also hold positions in 0 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Geir Øvrelid | Chief Executive Officer | 0 companies |
| Michael Lorentzen | Observer | 0 companies |
| Stig Magne Roppen | Chief Executive Officer | 0 companies |
| Bjørn Erling Clementsen | Deputy Member | 0 companies |
| May Kristin Myklebust | Chief Executive Officer | 0 companies |
| Bjørn Ove Bakke | Deputy Member | 0 companies |
| Tore Dukefoss | Deputy Member | 0 companies |
| Bjørn Berge | Chief Executive Officer | 0 companies |
| Lars Lühr Olsen | Chairman | 0 companies |
| Ole Osnes Gjerde | Board of Directors | 0 companies |
| Christian Skoge | Board of Directors | 0 companies |
| Knut Longvastøl Barstad | Chairman | 0 companies |
| Ole-Petter Vik | Board of Directors | 0 companies |