THE SWITCH MARINE DRIVES NORWAY AS
Operating
Forestå salg, produksjon og utvikling av spesialiserte megawatt-klasse
kraftomformere (power drives), fremtidssikre elektriske løsning for
marine- og andre applikasjoner, samt alt som står i forbindelse med de
forannevnte virksomheter.
Keywords
manufacturingelectric motorstransformerselectric distribution transformersarc welding transformersfluorescent ballastssubstationsvoltage regulatorspower generators
Organization
- CEO
- PS
- Chairman of the board
- MR
- Years since formation
- 10 years
- since May 3, 2016
- Type
- Limited company
- VAT registered
- Yes
- Number of employees
- 52
Ownership
- Number of shares and share classes
- 30,000
- 1 share class
- Total number of shareholders
- 1
- person
Financials
- Total operating income 2024
- 83,879,492
- NOK
- Annual total result 2024
- -12,705,412
- NOK
- Total equity 2024
- 15,174,951
- NOK
Last update: Mar 14, 2026
Locations
- Company addressGrunnavågsvegen 32 5410 SAGVÅG, NorgeCopied!
Management
Management / administration
| Name | Role | Shares |
|---|---|---|
PS | Managing Director/CEO | - |
Board
| Name | Role | Shares |
|---|---|---|
MR | Chairman | - |
PS | Board Member | - |
MC | Board Member | - |
Others
| Name | Role | Shares |
|---|---|---|
| Auditor | - | |
| Accountant | - |
Last update: Oct 12, 2024
Ownership
Company shareholders
| Name | Share class | Total number of shares | Share |
|---|---|---|---|
| Ordinary shares | 30,000 | 100 % |
Shares owned by the THE SWITCH MARINE DRIVES NORWAY AS
| Name | Share class | Total number of shares | Share |
|---|---|---|---|
| Ordinary shares | 25 | 15.15 % |
Last update: Jun 2, 2025
Financials
in NOK
Summary
| Year | 2023 | 2022 | 2021 |
|---|---|---|---|
Total operating income | 83,879,492 | 46,857,877 | 72,179,206 |
Annual Total Result | -12,705,412 | -22,185,945 | -27,388,847 |
Total assets | 113,713,113 | 54,916,693 | 43,562,188 |
Total liabilities | 98,538,162 | 48,036,331 | 44,495,882 |
Total equity | 15,174,951 | 6,880,362 | -933,694 |
P&L
| Year | 2023 | 2022 | 2021 |
|---|---|---|---|
Total operating income | 83,879,492 | 46,857,877 | 72,179,206 |
Total operating costs | 94,524,236 | 67,896,936 | 98,522,448 |
Operating result | -10,644,744 | -21,039,059 | -26,343,242 |
Financial income/costs | -2,060,668 | -1,146,886 | -1,045,605 |
Profit before tax | -12,705,412 | -22,185,945 | -27,388,847 |
Total tax & extraordinary income/cost | 0 | 0 | 0 |
Annual Total Result | -12,705,412 | -22,185,945 | -27,388,847 |
Balance overview
| Year | 2023 | 2022 | 2021 |
|---|---|---|---|
Total fixed assets | 6,289,564 | 8,677,328 | 9,187,457 |
Total current assets | 107,423,549 | 46,239,365 | 34,374,731 |
Total assets | 113,713,113 | 54,916,693 | 43,562,188 |
Short term debt | 31,261,663 | 19,281,311 | 16,464,779 |
Long term debt | 67,276,499 | 28,755,020 | 28,031,103 |
Total liabilities | 98,538,162 | 48,036,331 | 44,495,882 |
Contributed capital | 16,230,000 | 45,900,000 | 26,455,153 |
Retained earnings | -1,055,049 | -39,019,638 | -27,388,847 |
Total equity | 15,174,951 | 6,880,362 | -933,694 |
Total equity and liabilities | 113,713,113 | 54,916,693 | 43,562,188 |
Classification
21st company classification
BETA
Scaleup
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
C
Main industrial area
Manufacturing
27
Activity
Manufacture of electrical equipment
27.1
Main industrial group
Manufacture of electric motors, generators, transformers and electricity distribution and control apparatus
27.11
Industrial group
Manufacture of electric motors, generators and transformers
27.110
Industrial group
Manufacture of electric motors, generators and transformers