REACH SUBSEA ASA

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Keywords

crude oilnatural gasassemblydisassemblyinspectionrepairmaintenance (irm)insulationsurface treatmentscaffolding (iso)heatingventilationair conditioning (hvac)seabedcontrol cablesrisersflow pipesfloating tankersfpsodiving operationsunderwater exploration (rov)pipescablesengineeringproject activitiesliquefactionregasificationfirefighting

Organization

CEO: JA
Jostein Alendal1966
Chairman of the board: RB
Rachid Bendriss1969
Years since formation: 29 years; since Mar 12, 1995
Type: Public limited company
VAT registered: Yes
Number of employees: 0

Ownership

Number of shares and share classes: 271,769,245; 1 share class
Total number of shareholders: 3043; 248 companies, 2,795 persons
Belongs to group of

Financials

Total operating income 2023: 21,157,000; NOK
Annual total result 2023: 20,582,000; NOK
Total equity 2023: 671,107,000; NOK

Last update: Aug 29, 2024

Management

Management / administration

Name	Role	Shares
JA Jostein Alendal 1966	Managing Director/CEO	1.11 % directly 0.06 % indirectly 1.06 %

Board

Name	Role	Shares
RB Rachid Bendriss 1969	Chairman	1.89 % indirectly
KE Kristine Elisabeth Skeie 1974	Board Member	-
II Ingunn Øvereng Iveland 1971	Board Member	-
AO Anders Onarheim 1959	Board Member	4.04 % indirectly
EG Espen Gjerde 1981	Board Member	-
AS Arvid Ståle Pettersen 1957	Board Member	-
MM Martha Kold Monclair 1962	Board Member	-

Others

Name	Role	Shares
P PRICEWATERHOUSECOOPERS AS	Auditor	-

Top 10 individual shareholders

Name	Role	Shares
AO Anders Onarheim 1959	Board Member	4.04 % indirectly
RB Rachid Bendriss 1969	Chairman	1.89 % indirectly
LJ Lars Johan Fjell 1955	-	1.64 % indirectly
DL Didrik Leikvang 1984	-	1.58 % indirectly
EB Erik Bakkejord 1971	-	1.19 % indirectly
SB Sindre Bakkejord 1976	-	1.19 % indirectly
RB Rikke Bakkejord 1981	-	1.19 % indirectly
JA Jostein Alendal 1966	Managing Director/CEO	1.11 % directly 0.06 % indirectly 1.06 %
TA Tone Aasbøe Alendal 1969	-	1.06 % indirectly
ØR Øystein Rong 1951	-	1.05 % directly 0.22 % indirectly 0.83 %

Last update: Dec 19, 2023

Ownership

Company shareholders

Name	Share class	Number of shares	Share
W WILHELMSEN NEW ENERGY AS	NO0003117202	52,136,636	19.18 %
N NORTH INDUSTRIES 1 AS	NO0003117202	50,832,449	18.7 %
S SURVEY HOLDING AS	NO0003117202	29,116,897	10.71 %
NC Na Citibank	NO0003117202	11,602,262	4.27 %
S SOBER AS	NO0003117202	10,963,446	4.03 %
H HOLME HOLDING AS	NO0003117202	6,647,000	2.45 %
J JT INVEST AS	NO0003117202	5,739,539	2.11 %
N NORMAND DRIFT AS	NO0003117202	5,000,000	1.84 %
P Pershing Llc	NO0003117202	4,100,389	1.51 %
L LION INVEST AS	NO0003117202	3,769,928	1.39 %
V VERDIPAPIRFONDET DANSKE INVEST NORGE VEKST	NO0003117202	3,187,815	1.17 %
A ALTEA AS	NO0003117202	2,973,658	1.09 %
C CORUNA AS	NO0003117202	2,725,000	1 %
N NÆRINGSLIVETS HOVEDORGANISASJON	NO0003117202	2,499,799	0.92 %
S STAVA INVEST AS	NO0003117202	2,267,141	0.83 %
BA Bank Ab Avanza	NO0003117202	2,216,000	0.82 %
B BARRUS CAPITAL AS	NO0003117202	2,110,090	0.78 %
J JAKOB HATTELAND HOLDING AS	NO0003117202	2,000,000	0.74 %
R RMS INVEST AS	NO0003117202	2,000,000	0.74 %
A A-Å INVEST AS	NO0003117202	1,938,725	0.71 %
C CASTEL AS	NO0003117202	1,254,687	0.46 %
K KRISTIAN FALNES AS	NO0003117202	1,230,000	0.45 %
I INVICTA INVEST AS	NO0003117202	1,209,179	0.44 %
K KVAAL INVEST AS	NO0003117202	1,060,000	0.39 %
JG Jetmund Gunnar Nyvang 1958	NO0003117202	1,017,700	0.37 %
J JAHATT AS	NO0003117202	1,000,000	0.37 %
A AB INVESTMENT AS	NO0003117202	1,000,000	0.37 %
CB Christian Brækken 1985	NO0003117202	990,000	0.36 %
C CONSUS AS	NO0003117202	960,425	0.35 %
K KOLD INVEST AS	NO0003117202	949,534	0.35 %
L LA STRADA AS	NO0003117202	937,797	0.35 %
S SMS INVESTERING AS	NO0003117202	862,366	0.32 %
H HAGLAND INVEST AS	NO0003117202	848,625	0.31 %
BN Bank Ab Nordnet	NO0003117202	833,513	0.31 %
V VENDE INVEST AS	NO0003117202	817,336	0.3 %
R RØEGH INVEST AS	NO0003117202	800,000	0.29 %
BH Bård Thuen Høgheim 1982	NO0003117202	780,000	0.29 %
N NORDNET LIVSFORSIKRING AS	NO0003117202	758,322	0.28 %
A AVUTELLA AS	NO0003117202	752,834	0.28 %
RO Rune Omdal 1974	NO0003117202	733,340	0.27 %
A ARNT HAGEN HOLDING AS	NO0003117202	699,452	0.26 %
IH Ivar Helsengreen 1965	NO0003117202	665,183	0.24 %
EM Einar Myklebust 1940	NO0003117202	659,000	0.24 %
A AS SATURN & CO	NO0003117202	644,259	0.24 %
D DØVING INVEST AS	NO0003117202	631,508	0.23 %
E EJA HOLDING AS	NO0003117202	612,477	0.23 %
ØR Øystein Rong 1951	NO0003117202	600,000	0.22 %
B BD TRADING AS	NO0003117202	543,311	0.2 %
S SIMEX RØR AS	NO0003117202	539,202	0.2 %
V VARDEN KULTUR OG MEDIASENTER AS	NO0003117202	520,000	0.19 %
BH Bent Walentin Haavaas 1965	NO0003117202	510,050	0.19 %
V VEST-NORSK HANDELSKOMPANI AS	NO0003117202	505,588	0.19 %
R RAFI HOLDING AS	NO0003117202	501,940	0.18 %
P PINCHCLIFFE AS	NO0003117202	500,000	0.18 %
G G-S INVEST AS	NO0003117202	472,370	0.17 %
I Interactive Brokers Llc	NO0003117202	450,513	0.17 %
S STRANDBERG HOLDING AS	NO0003117202	448,858	0.17 %
E EMVIC AS	NO0003117202	448,858	0.17 %
D DECS INVEST AS	NO0003117202	446,663	0.16 %
GH Georg Husveg 1970	NO0003117202	420,000	0.15 %
P PETROCK II AS	NO0003117202	405,114	0.15 %
M MACAMA AS	NO0003117202	403,446	0.15 %
GN Georg Nervik 1963	NO0003117202	390,000	0.14 %
SS Street Bank And Trust Comp State	NO0003117202	376,052	0.14 %
S STRØMME GRUPPEN AS	NO0003117202	350,000	0.13 %
KA Knut Andreas Bentsen 1953	NO0003117202	331,548	0.12 %
J JAREN INDUSTRIER AS	NO0003117202	323,927	0.12 %
T The Northern Trust Comp, London Br	NO0003117202	321,874	0.12 %
S SANDER INVEST AS	NO0003117202	318,194	0.12 %
BE Bank Sanv Euroclear	NO0003117202	312,280	0.11 %
KB Knut Ansgar Brox 1957	NO0003117202	312,132	0.11 %
RE Ruben Larsen Eide 1993	NO0003117202	311,023	0.11 %
BJ Birgitte Wendelbo Johansen 1976	NO0003117202	299,050	0.11 %
SF Signar Fiskå 1971	NO0003117202	287,684	0.11 %
HB Håkon Haabeth Brox 1985	NO0003117202	283,462	0.1 %
SH Sven Husveg 1974	NO0003117202	280,000	0.1 %
MN Martin Jakob Nagell 1974	NO0003117202	280,000	0.1 %
H HONUNGSDUGG AS	NO0003117202	276,141	0.1 %
HB Hanne Bekkevar 1973	NO0003117202	250,760	0.09 %
MH Magnar Husveg 1976	NO0003117202	250,549	0.09 %
TK Tore Kvassheim 1986	NO0003117202	250,000	0.09 %
H HAUGESUND PSYKIATRISKE SENTER AS	NO0003117202	249,129	0.09 %
M MAXWELL MONTES AS	NO0003117202	246,932	0.09 %
BS Bank As Saxo	NO0003117202	243,234	0.09 %
E EXA INVEST AS	NO0003117202	240,000	0.09 %
E EKB INVEST AS	NO0003117202	237,500	0.09 %
B BJØRN UTSETH INVEST AS	NO0003117202	237,500	0.09 %
HJ Hallgeir Johansson 1959	NO0003117202	237,500	0.09 %
J JOMAHO AS	NO0003117202	233,773	0.09 %
LM Linn Beathe R Mikkelsen 1984	NO0003117202	231,088	0.09 %
HM Helge Røthing Mikkelsen 1978	NO0003117202	231,087	0.09 %
TL Torstein Lunde 1970	NO0003117202	225,974	0.08 %
T The Bank Of New York Mellon	NO0003117202	218,021	0.08 %
LW Lars Sverre Wik 1988	NO0003117202	217,106	0.08 %
M Morgan Stanley & Co. Int. Plc.	NO0003117202	213,827	0.08 %
SH Svein Hægland 1960	NO0003117202	206,519	0.08 %
LM Leif Magne Heiberg 1961	NO0003117202	204,056	0.08 %
E EIDE & DØTRE AS	NO0003117202	203,670	0.07 %
FS Frank Olav Salhus 1962	NO0003117202	200,000	0.07 %
AB Audun Brandtzæg 1964	NO0003117202	200,000	0.07 %

Shares owned by the REACH SUBSEA ASA

Name	Share class	Number of shares	Share
R REACH SUBSEA AS	Ordinary shares	1,000	100 %
R REACH SUBSEA ASA	NO0003117202	1,305	< 0.01 %

Last update: May 24, 2024

Group structure

REACH SUBSEA ASA
Total operating income 2023: NOK 21,157,000
Operating profit 2023: NOK -6,137,000
Employees: 0

Financials

in NOK

Summary

Year	2023	2022	2021
Total operating income	21,157,000	18,369,000	9,911,000
Annual Total Result	20,582,000	50,766,000	96,042,000
Total assets	1,130,750,000	601,361,000	324,019,000
Total liabilities	459,643,000	54,850,000	44,495,000
Total equity	671,107,000	546,511,000	279,523,000

P&L

Year	2023	2022	2021
Total operating income	21,157,000	18,369,000	9,911,000
Total operating costs	27,294,000	23,357,000	13,998,000
Operating result	-6,137,000	-4,988,000	-4,087,000
Financial income/costs	31,334,000	70,077,000	85,105,000
Profit before tax	25,197,000	65,089,000	81,018,000
Total tax & extraordinary income/cost	4,615,000	14,323,000	-15,024,000
Annual Total Result	20,582,000	50,766,000	96,042,000

Balance overview

Year	2023	2022	2021
Total fixed assets	341,338,000	346,126,000	214,987,000
Total current assets	789,412,000	255,235,000	109,032,000
Total assets	1,130,750,000	601,361,000	324,019,000
Short term debt	459,643,000	54,850,000	44,495,000
Long term debt	0	0	0
Total liabilities	459,643,000	54,850,000	44,495,000
Contributed capital	671,107,000	471,122,000	208,920,000
Retained earnings	0	75,389,000	70,603,000
Total equity	671,107,000	546,511,000	279,523,000
Total equity and liabilities	1,130,750,000	601,361,000	324,018,000

REACH SUBSEA ASA922 493 626

REACH SUBSEA ASA

Keywords

Links

Organization

Ownership

Financials

Management

Management / administration

Board

Others

Top 10 individual shareholders

Ownership

Company shareholders

Shares owned by the REACH SUBSEA ASA

Group structure

Financials

Summary

P&L

Balance overview

Classification