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WAVE PROPULSION AS
AS
Active
Org 997155572
Austbøvegen 11, 5420 Rubbestadneset
Engineering activities and related technical consultancy · NACE 7112
Est. 2011
1 employees
www.wavepropulsion.no
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Full Risika report
Overview
Financials
People & ownership
Related companies
Revenue 2024
NOK 422K
+56% vs 2023
EBITDA margin
22.0%
+122% vs 2023
Equity ratio
9.6%
Financial strength
Net profit 2024
NOK 96K
+119% vs 2023
EBITDA — year on year
NOK millions
0M
-0M
-1M
-1M
-1M
0M
2020
0M
0%
2021
0M
0%
2022
0M
0%
2023
0M
0%
2024
Key figures
Annual report 2024
Revenue
NOK 422K
+56%
EBITDA
NOK 93K
+122%
Net profit
NOK 96K
+119%
Total assets
NOK 1,2M
+234%
Equity
NOK 112K
+137%
Employees
1
—
Company information
Legal name
WAVE PROPULSION AS
Org number
997155572
Legal form
Aksjeselskap
NACE code
7112 · Engineering activities and related technical consultancy
Founded
28. juli 2011
Share capital
NOK 1 600 000
Employees
1 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2024-12-31
Financial year
January – December
Signatory rights
Styret i fellesskap.
Company purpose
Salg av konsulenttjenester for maritim bransje. Forskning, utvikling, prosjektering, salg og produksjon av framdriftssystem for skip.
Contact
Address
Austbøvegen 11, 5420 Rubbestadneset
Website
www.wavepropulsion.no
Risika for professionals
Risika provides regulated workflow tools for finance, procurement and compliance teams that need monitoring, alerts and an API.
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Companies in Engineering activities and related technical consultancy
Companies in Bømlo
All Norway companies
Revenue
NOK millions
0M
0M
1M
1M
1M
0M
2020
0M
2021
1M
2022
0M
2023
0M
2024
EBITDA
NOK millions
0M
0M
1M
1M
1M
0M
2020
0M
2021
0M
2022
0M
2023
0M
2024
Income statement
NOK thousands
Item
2020
2021
2022
2023
2024
Revenue
157
237
579
271
422
Staff expenses
−352
−174
−141
−326
−156
EBITDA
−394
−84
190
−418
93
Depreciation & amort.
−60
−60
−60
−78
26
EBIT
−454
−144
130
−496
119
Net financials
3
−72
−23
−15
−23
Profit before tax
−452
−216
108
−511
96
Tax
47
−47
−0
−0
−0
Net profit
−499
−169
108
−511
96
Balance sheet
NOK thousands
Item
2020
2021
2022
2023
2024
Total assets
139
120
367
351
1 171
Equity
−831
−1 000
208
−303
112
Long-term debt
356
311
0
16
711
Short-term debt
614
809
160
639
348
Total debt
970
1 120
160
655
1 059
Financial ratios
5-year trend
EBITDA margin
22.0%
This company
15.8%
Market median
+39% vs market
2020
2024
Equity ratio
9.6%
This company
38.2%
Market median
-75% vs market
2020
2024
Return on equity
85.6%
This company
18.4%
Market median
+365% vs market
2020
2024
Net profit margin
22.8%
This company
8.1%
Market median
+181% vs market
2020
2024
Asset turnover
0.36×
This company
1.12×
Market median
-68% vs market
2020
2024
Debt / equity
9.43×
This company
0.62×
Market median
-1421% 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)
HE
Halfdan Endresen
Chairman
2014
LM
Leif Magnus Endresen
Board of Directors
2014
Shareholders
As of last annual report
No shareholder data available.
Beneficial ownership (UBO) data access is restricted in Denmark as of September 2025 per the EU 6th AML Directive.
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.
Company hierarchy
No registered parent or subsidiaries
Board network connections
Board members of WAVE PROPULSION AS also hold positions in
0
other companies.
Person
Role here
Other companies
Halfdan Endresen
Chairman
0 companies
Leif Magnus Endresen
Board of Directors
0 companies