REACH SUBSEA AS • 993252263 • Haugesund • Architectural and engineering activities; technical testing and analysis

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/ 71.122 Geological surveying

REACH SUBSEA AS

Home - Reach Subsea

Keywords

geologicalgeophysicalgeochemicalscientificconsulting serviceslocationmineral depositsoil and gasgroundwater

Links

Organization

CEO: JA
Jostein Alendal1966
Chairman of the board: JA
Jostein Alendal1966
Years since formation: 17 years; since Oct 29, 2008
Type: Limited company
VAT registered: Yes
Number of employees: 286

Ownership

Number of shares and share classes: 1,000; 1 share class
Total number of shareholders: 1; company
Belongs to group of

Financials

Total operating income 2024: 2,402,114,439; NOK
Annual total result 2024: 197,863,631; NOK
Total equity 2024: 586,941,946; NOK

Last update: Sep 9, 2025

Management

Management / administration

Name	Role	Shares
JA Jostein Alendal 1966	Managing Director/CEO	1.09 % indirectly

Board

Name	Role	Shares
JA Jostein Alendal 1966	Chairman	1.09 % indirectly
BW Birgitte Wendelbo Johansen 1976	Board Member	-
ÅJ Åge Johan Nilsen 1968	Board Member	-
BA Benny Andre Haddal Sæther 1985	Alternate Member	-
HI Hans Inge Georgsen 1985	Board Member	-
JE John Even Lindgård 1982	Board Member	-
KL Kenneth Leverskjær 1972	Alternate Member	-

Others

Name	Role	Shares
P PRICEWATERHOUSECOOPERS AS	Auditor	-

Top 10 individual shareholders

Name	Role	Shares
AO Anders Onarheim 1959	-	4.09 % indirectly
LJ Lars Johan Fjell 1955	-	1.54 % indirectly
EB Erik Bakkejord 1971	-	1.29 % indirectly
SB Sindre Bakkejord 1976	-	1.29 % indirectly
BR Bakkejord Rikke 1981	-	1.29 % indirectly
JA Jostein Alendal 1966	Managing Director/CEO, Chairman	1.09 % indirectly
TA Tone Aasbøe Alendal 1969	-	1.04 % indirectly
ØR Øystein Rong 1951	-	1.01 % indirectly

Last update: Jul 9, 2025

Ownership

Company shareholders

Name	Share class	Total number of shares	Share
R REACH SUBSEA ASA	Ordinary shares	1,000	100 %

Shares owned by the REACH SUBSEA AS

Name	Share class	Total number of shares	Share
C CONNECT OFFSHORE AS	Ordinary shares	30	100 %
R REACH REMOTE AS	Ordinary shares	3,000	100 %
R REACH SUBSEA SHIPPING AS	Ordinary shares	100	100 %
R REACH SUBSEA INTERNATIONAL AS	Ordinary shares	49,000	100 %
E EIDESVIK REACH AS	Ordinary shares	2,814	46.9 %

Last update: Jun 2, 2025

Group structure

REACH SUBSEA ASA
Total operating income 2024: NOK 26,444,000
Operating profit 2024: NOK -9,164,000
Employees: 5

Financials

in NOK

Summary

Year	2024	2023	2022	2021
Total operating income	2,402,114,439	1,864,909,992	824,316,389	619,796,794
Annual Total Result	197,863,631	227,731,119	66,731,320	58,401,264
Total assets	1,946,552,185	1,339,581,809	728,655,502	408,105,119
Total liabilities	1,359,610,239	951,877,299	495,358,874	250,402,527
Total equity	586,941,946	387,704,509	233,296,628	157,702,591

P&L

Year	2024	2023	2022	2021
Total operating income	2,402,114,439	1,864,909,992	824,316,389	619,796,794
Total operating costs	2,162,740,262	1,567,988,200	737,988,283	544,632,897
Operating result	239,374,177	296,921,792	86,328,106	75,163,897
Financial income/costs	10,565,951	-8,835,387	-283,098	-172,233
Profit before tax	249,940,127	288,086,405	86,045,009	74,991,664
Total tax & extraordinary income/cost	52,076,496	60,355,286	19,313,689	16,590,400
Annual Total Result	197,863,631	227,731,119	66,731,320	58,401,264

Balance overview

Year	2024	2023	2022	2021
Total fixed assets	815,360,324	583,446,978	359,862,096	109,734,345
Total current assets	1,131,191,861	756,134,830	368,793,406	298,370,774
Total assets	1,946,552,185	1,339,581,809	728,655,502	408,105,119
Short term debt	1,216,958,888	884,607,443	480,146,015	237,667,532
Long term debt	142,651,351	67,269,856	15,212,859	12,734,995
Total liabilities	1,359,610,239	951,877,299	495,358,874	250,402,527
Contributed capital	218,073,060	216,129,810	216,129,810	157,702,591
Retained earnings	368,868,886	171,574,699	17,166,818	0
Total equity	586,941,946	387,704,509	233,296,628	157,702,591
Total equity and liabilities	1,946,552,184	1,339,581,809	728,655,502	408,105,118

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

M

Main industrial area

Professional, scientific and technical activities

71

Activity

Architectural and engineering activities; technical testing and analysis

71.1

Main industrial group

Architectural and engineering activities and related technical consultancy

71.12

Industrial group

Engineering activities and related technical consultancy

71.122

Industrial group

Geological surveying