Riskpilot← Back to searchSign inGet full accessWELLWORK INNOVATION AS
ASActiveOrg 994190857Kirkegata 3, 4006 StavangerBusiness and other management consultancy activities · NACE 7020Est. 20093 employeeswww.wellworkinnovation.com
Revenue 2024
NOK 6,5M
+3% vs 2023
EBITDA margin
2.4%
-69% vs 2023
Equity ratio
39.9%
Financial strength
Net profit 2024
NOK 30,7M
+70% vs 2023
| Revenue | NOK 6,5M | +3% |
| EBITDA | NOK 158K | -69% |
| Net profit | NOK 30,7M | +70% |
| Total assets | NOK 42,9M | +38% |
| Equity | NOK 17,1M | -7% |
| Employees | 3 | — |
Legal name
WELLWORK INNOVATION AS
Org number
994190857
Legal form
Aksjeselskap
NACE code
7020 · Business and other management consultancy activities
Founded
9. juni 2009
Share capital
NOK 85 036
Employees
3 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2024-12-31
Financial year
January – December
Signatory rights
Daglig leder og styrets leder i fellesskap.
Company purpose
Kommersialisering av ny teknologi, tjenester og produkter, forretningsutvikling, deltakelse i andre selskaper, samt annen virksomhet som naturlig faller inn under dette.
Address
Kirkegata 3, 4006 Stavanger
Website
www.wellworkinnovation.com
Risika for professionals
Risika provides regulated workflow tools for finance, procurement and compliance teams that need monitoring, alerts and an API.
| Item | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 54 | 9 824 | 4 698 | 8 620 | 4 571 | 6 693 | 4 107 | 3 442 | 3 514 | 4 062 | 3 537 | 4 738 | 5 801 | 5 948 | 6 289 | 6 476 |
| Staff expenses | −0 | −2 084 | −3 606 | −3 781 | −3 703 | −5 108 | −4 501 | −4 122 | −3 180 | −3 490 | −3 516 | −4 047 | −4 458 | −4 721 | −5 307 | −5 813 |
| EBITDA | 42 | 7 127 | 583 | 4 368 | 93 | 825 | −982 | −1 107 | −65 | −69 | −452 | 207 | 942 | 626 | 500 | 158 |
| Depreciation & amort. | −0 | −0 | −8 | −13 | −17 | −9 | −5 | −7 | −7 | −6 | −0 | −0 | −0 | −0 | −0 | −3 |
| EBIT | 42 | 7 126 | 575 | 4 355 | 77 | 816 | −986 | −1 114 | −72 | −75 | −452 | 207 | 942 | 626 | 500 | 155 |
| Net financials | −0 | −2 | −13 | −99 | −171 | 18 827 | 624 | −229 | −332 | −1 441 | 14 472 | −2 581 | −1 762 | −749 | 17 580 | 30 576 |
| Profit before tax | 41 | 7 124 | 562 | 4 255 | −94 | 19 643 | −362 | −1 342 | −403 | −1 516 | 14 020 | −2 374 | −820 | −123 | 18 080 | 30 731 |
| Tax | 10 | 1 996 | 168 | 1 197 | 43 | 219 | −0 | −0 | −0 | −0 | −0 | −0 | −0 | −0 | −0 | −0 |
| Net profit | 31 | 5 128 | 394 | 3 058 | −138 | 19 424 | −362 | −1 342 | −403 | −1 516 | 14 020 | −2 374 | −820 | −123 | 18 080 | 30 731 |
| Item | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | 214 | 10 353 | 4 872 | 7 832 | 10 888 | 26 210 | 14 843 | 20 901 | 21 143 | 18 492 | 28 151 | 14 983 | 14 432 | 15 233 | 31 153 | 42 934 |
| Equity | 136 | 1 036 | 1 430 | 4 488 | 4 350 | 11 774 | 11 412 | 10 070 | 9 666 | 6 650 | 8 670 | 6 296 | 4 318 | 3 795 | 18 393 | 17 124 |
| Long-term debt | 0 | 1 | 2 113 | 198 | 2 448 | 0 | 0 | 1 000 | 1 600 | 600 | 0 | 0 | 0 | 0 | 0 | 0 |
| Short-term debt | 79 | 9 316 | 1 329 | 3 146 | 4 090 | 14 436 | 3 431 | 9 831 | 9 877 | 11 242 | 19 481 | 8 686 | 10 115 | 11 438 | 12 760 | 25 810 |
| Total debt | 79 | 9 317 | 3 442 | 3 344 | 6 538 | 14 436 | 3 431 | 10 831 | 11 477 | 11 842 | 19 481 | 8 686 | 10 115 | 11 438 | 12 760 | 25 810 |
EBITDA margin
2.4%
This company
15.8%
Market median
-85% vs market
20092024
Equity ratio
39.9%
This company
38.2%
Market median
+4% vs market
20092024
Return on equity
179.5%
This company
18.4%
Market median
+876% vs market
20092024
Net profit margin
474.5%
This company
8.1%
Market median
+5758% vs market
20092024
Asset turnover
0.15×
This company
1.12×
Market median
-87% vs market
20092024
Debt / equity
1.51×
This company
0.62×
Market median
-144% vs market
20092024
- 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
| Name | Role | Member since | Age | Other directorships |
|---|---|---|---|---|
SV Chief Executive Officer | Chief Executive Officer | 2009 | — | — |
XY Deputy Member | Deputy Member | 2022 | — | — |
UB Deputy Member | Deputy Member | 2022 | — | — |
| Name | Role | Member since | Age | Other directorships |
|---|---|---|---|---|
| Board of Directors | 2018 | — | — | |
| Chairman | 2022 | — | — |
| Shareholder | Type | Ownership | Votes | Since |
|---|---|---|---|---|
Wellwork Holding As | Company | 50.0% | 50.0% | 2022 |
Svcmv As | Company | 50.0% | 50.0% | 2022 |
Beneficial ownership (UBO) data access is restricted in Denmark as of September 2025 per the EU 6th AML Directive. Learn more.
Wellwork Holding As
WELLWORK INNOVATION AS Board members of WELLWORK INNOVATION AS also hold positions in 0 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Stian Vemmestad | Chief Executive Officer | 0 companies |
| Xiaodong Yang | Deputy Member | 0 companies |
| Unn Børve | Deputy Member | 0 companies |
| Shona Macfarlane Grant | Board of Directors | 0 companies |
| Børge Richard Kolstad | Chairman | 0 companies |