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RED OCEAN AS
AS
Active
Org 994973770
Christianslund Allé 18, 1613 Fredrikstad
Business and other management consultancy activities · NACE 7020
Est. 2010
2 employees
www.redocean.no
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Overview
Financials
People & ownership
Related companies
Revenue 2024
NOK 2M
-54% vs 2023
EBITDA margin
5.8%
+122% vs 2023
Equity ratio
54.3%
Financial strength
Net profit 2024
NOK -93K
+97% vs 2023
EBITDA — year on year
NOK millions
4M
3M
1M
0M
-1M
3M
2020
2M
-33%
2021
2M
0%
2022
-1M
-150%
2023
0M
+100%
2024
Key figures
Annual report 2024
Revenue
NOK 2M
-54%
EBITDA
NOK 118K
+122%
Net profit
NOK -93K
+97%
Total assets
NOK 4,1M
-16%
Equity
NOK 2,2M
-4%
Employees
2
—
Company information
Legal name
RED OCEAN AS
Org number
994973770
Legal form
Aksjeselskap
NACE code
7020 · Business and other management consultancy activities
Founded
11. januar 2010
Share capital
NOK 100 000
Employees
2 (FTE)
VAT registered
No
Audit selected
No
Last report
2024-12-31
Financial year
January – December
Signatory rights
Utgår
Company purpose
Rådgivning, deltagelse i andre virksomheter samt kjøp, salg, utvikling og utleie av fast eiendom.
Contact
Address
Christianslund Allé 18, 1613 Fredrikstad
Website
www.redocean.no
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Explore
Companies in Business and other management consultancy activities
Companies in Fredrikstad
All Norway companies
Revenue
NOK millions
0M
2M
4M
6M
8M
7M
2020
6M
2021
7M
2022
4M
2023
2M
2024
EBITDA
NOK millions
0M
1M
2M
3M
3M
3M
2020
2M
2021
2M
2022
-1M
2023
0M
2024
Income statement
NOK thousands
Item
2020
2021
2022
2023
2024
Revenue
7 448
6 310
6 590
4 477
2 041
Staff expenses
−3 570
−3 272
−3 564
−3 528
−1 258
EBITDA
2 869
1 881
1 624
−545
118
Depreciation & amort.
−0
−0
−0
−45
−45
EBIT
2 869
1 881
1 624
−589
74
Net financials
−514
−155
−653
−2 419
−167
Profit before tax
2 355
1 726
971
−3 009
−93
Tax
655
571
381
113
−0
Net profit
1 700
1 155
590
−3 122
−93
Balance sheet
NOK thousands
Item
2020
2021
2022
2023
2024
Total assets
8 088
9 525
8 307
4 851
4 078
Equity
5 484
5 639
5 429
2 307
2 214
Long-term debt
0
0
0
1 679
1 593
Short-term debt
2 604
3 886
2 877
865
270
Total debt
2 604
3 886
2 877
2 543
1 864
Financial ratios
5-year trend
EBITDA margin
5.8%
This company
15.8%
Market median
-63% vs market
2020
2024
Equity ratio
54.3%
This company
38.2%
Market median
+42% vs market
2020
2024
Return on equity
-4.2%
This company
18.4%
Market median
-123% vs market
2020
2024
Net profit margin
-4.6%
This company
8.1%
Market median
-157% vs market
2020
2024
Asset turnover
0.50×
This company
1.12×
Market median
-55% vs market
2020
2024
Debt / equity
0.84×
This company
0.62×
Market median
+35% vs market
2020
2024
Annual reports & filings
Annual report 2024
Filed via Brønnøysundsregistrene · Period 2024-01-01 – 2024-12-31
View
PDF
Annual report 2023
Filed via Brønnøysundsregistrene · Period 2023-01-01 – 2023-12-31
View
PDF
Annual report 2022
Filed via Brønnøysundsregistrene · Period 2022-01-01 – 2022-12-31
View
PDF
Annual report 2021
Filed via Brønnøysundsregistrene · Period 2021-01-01 – 2021-12-31
View
PDF
Annual report 2020
Filed via Brønnøysundsregistrene · Period 2020-01-01 – 2020-12-31
View
PDF
Management
Actively employed in the business
No data on file.
Board of directors
Non-executive oversight
Name
Role
Member since
Current (2)
NB
Nicholas Blankevoort
Board of Directors
2013
BG
Bent Georg Ekvern
Chairman
2013
Shareholders
As of last annual report
Shareholder
Type
Ownership
Votes
Since
Great White Holding As
Company
55%
55%
2024
Hammerhead Holding As
Company
45%
45%
2024
Beneficial ownership (UBO) data access is restricted in Denmark as of September 2025 per the EU 6th AML Directive.
Learn more
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Company hierarchy
Great White Holding As
RED OCEAN AS
(this company)
FQ ENTERPRISES AS
Board network connections
Board members of RED OCEAN AS also hold positions in
0
other companies.
Person
Role here
Other companies
Nicholas Blankevoort
Board of Directors
0 companies
Bent Georg Ekvern
Chairman
0 companies