WATECH AS
Operating
Produsent av, og leverandør av høytrykkteknologi til land- og
offshorevirksomhet, samt virksomhet som står i forbindelse med dette.
Organization
- CEO
- JT
- Chairman of the board
- OS
Ove Sæland1961
- Years since formation
- 25 years
- since Dec 18, 2001
- Type
- Limited company
- VAT registered
- Yes
- Number of employees
- 12
Ownership
- Number of shares and share classes
- 300
- 1 share class
- Total number of shareholders
- 4
- persons
Financials
- Total operating income 2025
- 10,969,911
- NOK
- Annual total result 2025
- -974,942
- NOK
- Total equity 2025
- 4,467,335
- NOK
Last update: May 12, 2026
Management
Management / administration
| Name | Role | Shares |
|---|---|---|
JT | Managing Director/CEO | - |
Board
| Name | Role | Shares |
|---|---|---|
OS 1961 | Chairman | - |
EE | Board Member | 50 % directly |
Others
| Name | Role | Shares |
|---|---|---|
| Auditor | - | |
| Accountant | - |
Top 10 individual shareholders
| Name | Role | Shares |
|---|---|---|
EE | Board Member | 50 % directly |
VH 1959 | - | 20 % directly |
CH | - | 15 % directly |
GH 1956 | - | 15 % directly |
Last update: Dec 10, 2025
Ownership
Company shareholders
| Name | Share class | Total number of shares | Share |
|---|---|---|---|
EE | Ordinary shares | 150 | 50 % |
VH 1959 | Ordinary shares | 60 | 20 % |
CH | Ordinary shares | 45 | 15 % |
GH 1956 | Ordinary shares | 45 | 15 % |
Last update: Jun 2, 2025
Financials
in NOK
Summary
| Year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
Total operating income | 10,969,911 | 15,562,469 | 11,150,397 | 9,806,047 | 8,144,314 |
Annual Total Result | -974,942 | 1,454,408 | 666,248 | 424,130 | -52,491 |
Total assets | 5,997,870 | 9,354,361 | 7,631,701 | 7,172,747 | 6,493,160 |
Total liabilities | 1,530,536 | 3,912,084 | 1,643,832 | 1,851,127 | 1,595,670 |
Total equity | 4,467,335 | 5,442,277 | 5,987,869 | 5,321,620 | 4,897,491 |
P&L
| Year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
Total operating income | 10,969,911 | 15,562,469 | 11,150,397 | 9,806,047 | 8,144,314 |
Total operating costs | 11,924,175 | 13,649,291 | 10,394,229 | 9,365,511 | 8,313,295 |
Operating result | -954,265 | 1,913,178 | 756,168 | 440,535 | -168,981 |
Financial income/costs | -20,678 | -5,018 | -16,108 | -16,406 | -23,438 |
Profit before tax | -974,942 | 1,908,160 | 740,059 | 424,130 | -192,418 |
Total tax & extraordinary income/cost | 0 | 453,752 | 73,811 | 0 | -139,927 |
Annual Total Result | -974,942 | 1,454,408 | 666,248 | 424,130 | -52,491 |
Balance overview
| Year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
Total fixed assets | 15,300 | 40,750 | 63,450 | 166,550 | 286,350 |
Total current assets | 5,982,570 | 9,313,611 | 7,568,251 | 7,006,197 | 6,206,810 |
Total assets | 5,997,870 | 9,354,361 | 7,631,701 | 7,172,747 | 6,493,160 |
Short term debt | 1,530,536 | 3,912,084 | 1,613,832 | 1,851,127 | 1,435,670 |
Long term debt | 0 | 0 | 30,000 | 0 | 160,000 |
Total liabilities | 1,530,536 | 3,912,084 | 1,643,832 | 1,851,127 | 1,595,670 |
Contributed capital | 300,000 | 300,000 | 300,000 | 300,000 | 300,000 |
Retained earnings | 4,167,335 | 5,142,277 | 5,687,869 | 5,021,620 | 4,597,491 |
Total equity | 4,467,335 | 5,442,277 | 5,987,869 | 5,321,620 | 4,897,491 |
Total equity and liabilities | 5,997,870 | 9,354,361 | 7,631,701 | 7,172,747 | 6,493,160 |
Classification
21st company classification
BETA
Small company
Type of organization
Limited company
Classification of institutional sector
INNL
Domestic sectors
A_IKKE-FIN
Non-financial corporations
2100
Private non-financial incorporated enterprises