INDEPENDENT OIL TOOLS AS
IOT Group - IOT Group
Keywords
crude oilnatural gasassemblydisassemblyinspectionrepairmaintenance (irm)insulationsurface treatmentscaffolding (iso)heatingventilationair conditioning (hvac)seabedcontrol cablesrisersflow pipesfloating tankersfpsodiving operationsunderwater exploration (rov)pipescablesengineeringproject activitiesliquefactionregasificationfirefighting
Links
Organization
- CEO
- SO
Sven Olav Borgen1978
- Chairman of the board
- BG
- Years since formation
- 19 years
- since Apr 1, 2006
- Type
- Limited company
- VAT registered
- Yes
- Number of employees
- 25
Ownership
- Number of shares and share classes
- 11,305,568
- 1 share class
- Total number of shareholders
- 1
- company
- Belongs to group of
Financials
- Total operating income 2024
- 211,638,000
- NOK
- Annual total result 2024
- 58,203,000
- NOK
- Total equity 2024
- 219,388,000
- NOK
Last update: Jul 14, 2025
Management
Management / administration
| Name | Role | Shares |
|---|---|---|
SO 1978 | Managing Director/CEO | - |
Board
| Name | Role | Shares |
|---|---|---|
BG | Chairman | - |
RE | Board Member | - |
BB | Alternate Member | - |
Others
| Name | Role | Shares |
|---|---|---|
| Auditor | - | |
| Accountant | - |
Last update: Apr 13, 2023
Ownership
Company shareholders
| Name | Share class | Total number of shares | Share |
|---|---|---|---|
| Ordinary shares | 11,305,568 | 100 % |
Shares owned by the INDEPENDENT OIL TOOLS AS
| Name | Share class | Total number of shares | Share |
|---|---|---|---|
| Ordinary shares | 1,000 | 100 % |
Last update: Jun 2, 2025
Group structure
- Total operating income 2024: NOK 0Operating profit 2024: NOK -3,881Employees: 0
Financials
in NOK
Summary
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total operating income | 211,638,000 | 171,935,000 | 126,059,000 | 133,037,000 |
Annual Total Result | 58,203,000 | 42,777,000 | 34,877,000 | -3,324,000 |
Total assets | 425,558,000 | 372,009,000 | 335,108,000 | 296,752,000 |
Total liabilities | 206,170,000 | 212,743,000 | 218,619,000 | 215,140,000 |
Total equity | 219,388,000 | 159,267,000 | 116,489,000 | 81,612,000 |
P&L
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total operating income | 211,638,000 | 171,935,000 | 126,059,000 | 133,037,000 |
Total operating costs | 155,211,000 | 123,999,000 | 104,713,000 | 116,828,000 |
Operating result | 56,427,000 | 47,936,000 | 21,347,000 | 16,209,000 |
Financial income/costs | 14,961,000 | 4,690,000 | 19,281,000 | -12,827,000 |
Profit before tax | 71,387,000 | 52,626,000 | 40,628,000 | 3,382,000 |
Total tax & extraordinary income/cost | 13,184,000 | 9,849,000 | 5,751,000 | 6,706,000 |
Annual Total Result | 58,203,000 | 42,777,000 | 34,877,000 | -3,324,000 |
Balance overview
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total fixed assets | 281,723,000 | 255,625,000 | 261,194,000 | 212,314,000 |
Total current assets | 143,835,000 | 116,385,000 | 73,914,000 | 84,439,000 |
Total assets | 425,558,000 | 372,009,000 | 335,108,000 | 296,752,000 |
Short term debt | 109,175,000 | 83,685,000 | 59,747,000 | 49,507,000 |
Long term debt | 96,995,000 | 129,058,000 | 158,872,000 | 165,633,000 |
Total liabilities | 206,170,000 | 212,743,000 | 218,619,000 | 215,140,000 |
Contributed capital | 151,336,000 | 151,336,000 | 151,336,000 | 151,336,000 |
Retained earnings | 68,052,000 | 7,931,000 | -34,846,000 | -69,723,000 |
Total equity | 219,388,000 | 159,267,000 | 116,489,000 | 81,612,000 |
Total equity and liabilities | 425,558,000 | 372,009,000 | 335,108,000 | 296,752,000 |
Classification
Category
Type of organization
Limited company
Classification of institutional sector
INNL
Domestic sectors
A_IKKE-FIN
Non-financial corporations
2100
Private non-financial incorporated enterprises
Standard industrial classification
B
Main industrial area
Mining and quarrying
09
Activity
Mining support service activities
09.1
Main industrial group
Support activities for petroleum and natural gas extraction
09.10
Industrial group
Support activities for petroleum and natural gas extraction
09.109
Industrial group
Other support activities for petroleum and natural gas extraction