Riskpilot← Back to searchSign inGet full accessREACH SUBSEA AS
ASActiveOrg 993252263Møllervegen 6, 5525 HaugesundEngineering activities and related technical consultancy · NACE 7112Est. 2008302 employeesreachsubsea.com
Revenue 2024
NOK 2,4B
+29% vs 2023
EBITDA margin
12.5%
-8% vs 2023
Equity ratio
30.2%
Financial strength
Net profit 2024
NOK 197,9M
-13% vs 2023
| Revenue | NOK 2,4B | +29% |
| EBITDA | NOK 300,7M | -8% |
| Net profit | NOK 197,9M | -13% |
| Total assets | NOK 1,9B | +45% |
| Equity | NOK 586,9M | +51% |
| Employees | 302 | — |
Legal name
REACH SUBSEA AS
Org number
993252263
Legal form
Aksjeselskap
NACE code
7112 · Engineering activities and related technical consultancy
Founded
29. oktober 2008
Share capital
NOK 1 100 000
Employees
302 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2024-12-31
Financial year
January – December
Signatory rights
To styremedlemmer i fellesskap.
Company purpose
Offshore, samt oljerelatert virksomhet, herunder å delta i andre virksomheter innen samme forretningsområde.
Address
Møllervegen 6, 5525 Haugesund
Phone
+4740007710
Email
post@reachsubsea.no
Website
reachsubsea.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 | 605 904 | 619 797 | 824 316 | 1 864 910 | 2 402 114 |
| Staff expenses | −95 568 | −98 915 | −119 641 | −247 396 | −299 097 |
| EBITDA | 80 815 | 99 034 | 113 375 | 325 924 | 300 675 |
| Depreciation & amort. | −40 010 | −23 870 | −27 047 | −29 002 | −61 301 |
| EBIT | 40 805 | 75 164 | 86 328 | 296 922 | 239 374 |
| Net financials | −7 409 | −172 | −283 | −8 835 | 10 566 |
| Profit before tax | 33 397 | 74 992 | 86 045 | 288 086 | 249 940 |
| Tax | 4 814 | 16 590 | 19 314 | 60 355 | 52 076 |
| Net profit | 28 583 | 58 401 | 66 731 | 227 731 | 197 864 |
| Item | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Total assets | 330 893 | 408 105 | 728 656 | 1 339 582 | 1 946 552 |
| Equity | 164 971 | 157 703 | 233 297 | 387 705 | 586 942 |
| Long-term debt | 25 654 | 12 735 | 15 213 | 67 270 | 142 651 |
| Short-term debt | 140 268 | 237 668 | 480 146 | 884 607 | 1 216 959 |
| Total debt | 165 922 | 250 403 | 495 359 | 951 877 | 1 359 610 |
EBITDA margin
12.5%
This company
15.8%
Market median
-21% vs market
20202024
Equity ratio
30.2%
This company
38.2%
Market median
+21% vs market
20202024
Return on equity
33.7%
This company
18.4%
Market median
+83% vs market
20202024
Net profit margin
8.2%
This company
8.1%
Market median
+1% vs market
20202024
Asset turnover
1.23×
This company
1.12×
Market median
+10% vs market
20202024
Debt / equity
2.32×
This company
0.62×
Market median
-274% 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) | ||
JA Chief Executive Officer | Chief Executive Officer | 2014 |
KL Deputy Member | Deputy Member | 2025 |
BA Deputy Member | Deputy Member | 2023 |
| Former (1) | ||
CG Deputy Member | Deputy Member | 2023 – 2025 |
| Name | Role | Member since |
|---|---|---|
| Current (4) | ||
| Board of Directors | 2021 | |
| Board of Directors | 2025 | |
AJ | Chairman | 2025 |
| Board of Directors | 2025 | |
| Former (4) | ||
| Board of Directors | 2023 – 2025 | |
| Board of Directors | 2023 – 2025 | |
| Board of Directors | 2021 – 2025 | |
| Board of Directors | 2014 – 2021 | |
| 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.
Isfjorden As
REACH SUBSEA AS Board members of REACH SUBSEA AS also hold positions in 0 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Carl Gerrit Log Lauritzen | Deputy Member | 0 companies |
| Jostein Alendal | Chief Executive Officer | 0 companies |
| Kenneth Leverskjær | Deputy Member | 0 companies |
| Benny Andre Haddal Sæther | Deputy Member | 0 companies |
| Åge Johan Nilsen | Board of Directors | 0 companies |
| Arve Hagesæter | Board of Directors | 0 companies |
| John Even Lindgård | Board of Directors | 0 companies |
| Jarle Salte | Board of Directors | 0 companies |
| Arne Joa | Chairman | 0 companies |
| Birgitte Wendelbo Johansen | Board of Directors | 0 companies |
| Kåre Johannes Lie | Board of Directors | 0 companies |
| Hans Inge Georgsen | Board of Directors | 0 companies |