Wingtech AS
ASActiveOrg 921668341Vingvågen 25, 7255 SundlandetManufacture of instruments and appliances for measuring, testing and navigation· NACE 2651Est. 2018 · 7 years old25 employeeshttps://www.wingtech.no
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Overview
Wingtech AS is a Norwegian AS based in Sundlandet, operating in the Manufacture of instruments and appliances for measuring, testing and navigation sector. Incorporated in 2018, the company has 25 employees and reported revenue of NOK 48.8m in its latest annual filing.
Revenue 2024
48.8M NOK
+15% vs 2023
EBITDA margin
1.4 %
−13% vs 2023
Net profit 2024
0.4M NOK
+292% vs 2023
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
55.6 %
StrongAmong the 40% highest rated companies in the industry
20202024
Liquidity ratioCurrent assets ÷ Short-term debt
1.1×
WeakAmong the 40% lowest rated companies in the industry
20202024
Return on assets (ROA)Net profit ÷ Total assets × 100
0.9 %
AverageAround the average of companies in the same industry
20202024
EBITDA — year on year
NOK millionsKey figures
Annual report 2024| Revenue | 48.8M NOK | +15% |
| EBITDA | 0.7M NOK | -13% |
| Net profit | 0.4M NOK | +292% |
| Total assets | 44.6M NOK | +17% |
| Equity | 24.8M NOK | +2% |
| Employees | 25 | — |
Company information
Legal name
WINGTECH AS
Org number
921668341
Legal form
Aksjeselskap
Founded
23 October 2018 · 7 years
Share capital
NOK 30,000
Employees
25 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2024-12-31
Financial year
January – December
Signatory rights
Styrets leder alene eller to styremedlemmer i fellesskap.
Company purpose
Utvikling, produksjon, salg og service av fisketellere og annet utstyr til oppdrettsnæringen.
(no translation available)
Contact
Address
Vingvågen 25, 7255 Sundlandet
Phone
+47 72 45 75 20
Email
post@wingtech.no
Website
https://www.wingtech.no
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Financial development
In its most recent annual report (2024), Wingtech AS reported revenue of NOK 48.8m, an increase of 15% on the year before. The figures on this page draw on 5 annual filings covering 2020 to 2024. The bottom line showed a net profit of NOK 396.5k, and the EBITDA margin stood at 1.4%.
At the end of 2024, equity financed 55.6% of the balance sheet, and current assets covered short-term debt 1.1 times.
Financials
Revenue
NOK millionsEBITDA
NOK millionsIncome statement
NOK thousands| Item | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Revenue | 48,842 | 42,348 | 50,731 | 72,409 | 58,486 |
| Staff expenses | -14,016 | -19,038 | -15,306 | -17,258 | -16,398 |
| EBITDA | 686 | 786 | 2,823 | 15,553 | 10,486 |
| Depreciation & amort. | -722 | -724 | -554 | -353 | -136 |
| EBIT | -36 | 61 | 2,269 | 15,200 | 10,349 |
| Net financials | -55 | -330 | -93 | -21 | -71 |
| Profit before tax | -91 | -269 | 2,176 | 15,179 | 10,278 |
| Tax | -487 | -62 | 479 | 3,339 | 1,793 |
| Net profit | 396 | -207 | 1,697 | 11,839 | 8,485 |
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Balance sheet
NOK thousands| Item | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Total assets | 44,623 | 38,072 | 39,017 | 40,784 | 31,089 |
| Equity | 24,809 | 24,307 | 23,711 | 22,780 | 15,758 |
| Long-term debt | 0 | 0 | 0 | 0 | 129 |
| Short-term debt | 19,814 | 13,765 | 15,305 | 18,004 | 15,202 |
| Total debt | 19,814 | 13,765 | 15,305 | 18,004 | 15,331 |
Financial ratios
5-year trendEBITDA margin
1.4 %
20202024
Equity ratio
55.6 %
StrongAmong the 40% highest rated companies in the industry
20202024
Return on equity
1.6 %
WeakAmong the 40% lowest rated companies in the industry
20202024
Net profit margin
0.8 %
WeakAmong the 40% lowest rated companies in the industry
20202024
Asset turnover
1.09×
AverageAround the average of companies in the same industry
20202024
Debt / equity
0.80×
AverageAround the average of companies in the same industry
20202024
Sector performance
28 of 28 ratios graded28 financial ratios from the latest filing, each graded against companies in the same industry.
Profitability
Gross marginWeak
Among the 30% lowest rated companies in the industry
The gross result as a share of revenue — how much of the revenue is left after variable costs to cover the company's fixed costs.
Operating marginWeak
Among the 40% lowest rated companies in the industry
EBIT as a share of revenue — the share of revenue remaining as earnings once all operating costs are covered. A key measure of earning power.
Net profit marginWeak
Among the 40% lowest rated companies in the industry
The profit for the year as a share of revenue — the company's ability to turn revenue into profit.
Return on equity (ROE)Weak
Among the 40% lowest rated companies in the industry
Net profit as a percentage of equity — the return the owners earned on their invested capital this year.
Return on assets (ROA)Average
Around the average of companies in the same industry
Net profit as a percentage of total assets — the return generated on the capital employed.
Return on net assets (RONA)Weak
Among the 40% lowest rated companies in the industry
Profit relative to net assets (total assets minus total debt) — the ability to generate earnings from the net asset base alone.
Basic earning power (BEP)Average
Around the average of companies in the same industry
EBIT relative to total assets — the company's earning power before the effects of tax and financial leverage.
Capacity ratioAverage
Around the average of companies in the same industry
Shows how strongly fixed costs weigh on the gross result — a high ratio means fixed costs take only a small bite out of the earnings from basic operations.
Liquidity
Current ratioWeak
Among the 40% lowest rated companies in the industry
Current assets relative to short-term debt — the ability to settle short-term obligations with current assets alone. Around 150% is considered satisfactory from a credit perspective.
Quick ratioWeak
Among the 30% lowest rated companies in the industry
Current assets excluding inventory relative to short-term debt — whether the most liquid assets alone can cover the short-term obligations. A value of 1 or above signals a healthy liquidity position.
Cash ratioAverage
Around the average of companies in the same industry
Cash relative to short-term debt — the ability to repay short-term obligations with cash alone.
Current assets to equityStrong
Among the 30% highest rated companies in the industry
Current assets relative to equity — an indicator of the balance-sheet structure and of the company's short- and long-term financing. The healthy level is highly industry-dependent.
Fixed assets to long-term capitalWeak
Among the 30% lowest rated companies in the industry
Fixed assets relative to long-term capital (equity plus long-term liabilities). Below 100% means the long-term capital finances more than just the fixed assets — a healthier liquidity position.
Cash conversion ratioVery strong
Among the 20% highest rated companies in the industry
Cash flow relative to profit — the ability to convert reported profits into accessible cash.
Debt & solvency
Solidity ratioStrong
Among the 40% highest rated companies in the industry
Equity as a share of total assets — the ability to absorb losses. Around 40% is considered satisfactory from a credit perspective.
Debt ratioStrong
Among the 40% highest rated companies in the industry
Total debt relative to the balance-sheet total — the share of the assets financed by debt rather than equity.
Debt to equityAverage
Around the average of companies in the same industry
Debt relative to equity — the company's leverage. A higher value means heavier reliance on debt financing.
Liabilities to equityAverage
Around the average of companies in the same industry
Total liabilities relative to equity — whether the company operates primarily on borrowed capital or on its own.
Income to debtAverage
Around the average of companies in the same industry
Profit relative to debt — the ability to create earnings while operating with debt.
EBITDA to debtAverage
Around the average of companies in the same industry
EBITDA relative to debt — how much operating earnings are available to service the debt.
Interest coverageWeak
Among the 40% lowest rated companies in the industry
The ability to pay the interest on the company's debt out of its earnings.
Interest rate on debtAverage
Around the average of companies in the same industry
Financial expenses relative to total liabilities — the effective interest rate the company pays on its debt.
Interest marginAverage
Around the average of companies in the same industry
The return on assets minus the interest rate on debt. Positive means the company benefits from operating with debt; negative means the debt makes it worse off.
Efficiency & development
Asset turnoverAverage
Around the average of companies in the same industry
Revenue relative to total assets — the ability to generate revenue from the asset base.
Inventory turnoverStrong
Among the 40% highest rated companies in the industry
Revenue relative to inventory — how many times a year the inventory is sold and replaced. A low value can indicate weak sales or excess inventory.
Equity to contributed capitalVery strong
Among the 10% highest rated companies in the industry
Total equity relative to the capital the owners contributed — how the equity has developed from its starting point.
One-year change in equityAverage
Around the average of companies in the same industry
The size of this year's increase or decrease in the company's equity.
One-year change in debtVery weak
Among the 20% lowest rated companies in the industry
The size of this year's increase or decrease in the company's debt.
Annual reports & filings
- Annual report 2024Filed via Brønnøysundsregistrene · Period 2024-01-01 – 2024-12-31
- Annual report 2023Filed via Brønnøysundsregistrene · Period 2023-01-01 – 2023-12-31
- Annual report 2022Filed via Brønnøysundsregistrene · Period 2022-01-01 – 2022-12-31
- Annual report 2021Filed via Brønnøysundsregistrene · Period 2021-01-01 – 2021-12-31
- Annual report 2020Filed via Brønnøysundsregistrene · Period 2020-01-01 – 2020-12-31
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|---|---|
| Current (1) | ||
BW Chief Executive Officer | Chief Executive Officer | 2025 |
Former (1)
EH Chief Executive Officer | Chief Executive Officer | 2019 – 2025 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (3) | ||
AW Board of Directors | Board of Directors | 2019 |
BW Chairman | Chairman | 2019 |
TB Board of Directors | Board of Directors | 2019 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 100% | 100% | 2020 |
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Related companies
Company hierarchy
Spelmannsnesset As
Wingtech AS Board network connections
Board members of Wingtech AS also hold positions in 41 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Trygve Berdal | Board of Directors | 21 companiesMany roles |
| Edvard Hammer | Chief Executive Officer | 8 companiesMany roles |
| Brynjar Wingan | Chief Executive Officer | 7 companiesMany roles |
| Arne Wingan | Board of Directors | 5 companies |
Frequently asked questions
What is the Org number of Wingtech AS?
Wingtech AS is registered with Brønnøysundsregistrene under Org 921668341.
What is the revenue of Wingtech AS?
Wingtech AS reported revenue of NOK 48.8m in 2024.
How many employees does Wingtech AS have?
Wingtech AS employs 25 people as of the latest annual report.
Who is the CEO of Wingtech AS?
Brynjar Wingan is the CEO of Wingtech AS, in role since 2025.
Who is the chairman of Wingtech AS?
Brynjar Wingan chairs the board of Wingtech AS, in role since 2019.
Where is Wingtech AS headquartered?
Wingtech AS's registered address is Vingvågen 25.