Riskpilot← Back to searchSign inGet full accessWATERCIRCLES NORGE AS
ASActiveOrg 995544830Strandveien 50, 1366 LysakerActivities of insurance agents and brokers · NACE 6622Est. 201043 employeeswww.watercircles.no
Revenue 2024
NOK 147,2M
+14% vs 2023
EBITDA margin
0.1%
+101% vs 2023
Equity ratio
-13.4%
Financial strength
Net profit 2024
NOK -940K
+95% vs 2023
| Revenue | NOK 147,2M | +14% |
| EBITDA | NOK 202K | +101% |
| Net profit | NOK -940K | +95% |
| Total assets | NOK 173,1M | +27% |
| Equity | NOK -23,2M | -4% |
| Employees | 43 | — |
Legal name
WATERCIRCLES NORGE AS
Org number
995544830
Legal form
Aksjeselskap
NACE code
6622 · Activities of insurance agents and brokers
Founded
24. juni 2010
Share capital
NOK 111 111
Employees
43 (FTE)
VAT registered
No
Audit selected
No
Last report
2024-12-31
Financial year
January – December
Signatory rights
Styrets leder og ett styremedlem i fellesskap eller daglig leder og ett styremedlem i fellesskap.
Company purpose
Agenturvirksomhet innen skadeforsikring.
Address
Strandveien 50, 1366 Lysaker
Website
www.watercircles.no
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 | 81 079 | 89 910 | 102 949 | 128 645 | 147 179 |
| Staff expenses | −29 883 | −36 423 | −48 010 | −56 329 | −50 912 |
| EBITDA | −1 121 | 7 667 | −6 934 | −22 057 | 202 |
| Depreciation & amort. | −249 | −317 | −370 | −222 | −129 |
| EBIT | −1 370 | 7 350 | −7 303 | −22 279 | 72 |
| Net financials | 14 | 12 | 91 | 2 299 | −1 012 |
| Profit before tax | −1 356 | 7 362 | −7 212 | −19 980 | −940 |
| Tax | −321 | 1 861 | 1 760 | −0 | −0 |
| Net profit | −1 035 | 5 501 | −8 972 | −19 980 | −940 |
| Item | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Total assets | 102 389 | 103 784 | 119 405 | 135 964 | 173 109 |
| Equity | 1 181 | 6 683 | −2 289 | −22 269 | −23 209 |
| Long-term debt | 28 749 | 30 161 | 0 | 0 | 0 |
| Short-term debt | 72 459 | 66 941 | 121 695 | 158 233 | 196 317 |
| Total debt | 101 208 | 97 102 | 121 695 | 158 233 | 196 317 |
EBITDA margin
0.1%
This company
15.8%
Market median
-99% vs market
20202024
Equity ratio
-13.4%
This company
38.2%
Market median
-135% vs market
20202024
Return on equity
-93959300.0%
This company
18.4%
Market median
-510648470% vs market
20202024
Net profit margin
-0.6%
This company
8.1%
Market median
-107% vs market
20202024
Asset turnover
0.85×
This company
1.12×
Market median
+24% vs market
20202024
Debt / equity
8.46×
This company
0.62×
Market median
-1265% 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 (1) | ||
RM Chief Executive Officer | Chief Executive Officer | 2024 |
| Former (1) | ||
NA Chief Executive Officer | Chief Executive Officer | 2020 – 2024 |
| Name | Role | Member since |
|---|---|---|
| Current (2) | ||
| Board of Directors | 2021 | |
| Chairman | 2021 | |
| Former (2) | ||
| Chairman | 2021 – 2021 | |
| Board of Directors | 2021 – 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.
Soia Ii As
WATERCIRCLES NORGE AS Board members of WATERCIRCLES NORGE AS also hold positions in 0 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Raymond Molberg | Chief Executive Officer | 0 companies |
| Nils Arne Harildstad | Chief Executive Officer | 0 companies |
| Gaute Herdlevær | Chairman | 0 companies |
| Cathrine Monsen | Board of Directors | 0 companies |
| Jørund Haga Indrehus | Chairman | 0 companies |
| Mikael Aanes Warholm | Board of Directors | 0 companies |