Integrated Wind Solutions ASA
ASAActiveOrg 925558745Støperigata 2, 0250 OsloProduction of electricity from renewable sources· NACE 3512Est. 2020 · 6 years old14 employeeshttps://www.integratedwind.com
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Overview
Integrated Wind Solutions ASA is a Norwegian ASA based in Oslo, operating in the Production of electricity from renewable sources sector. Incorporated in 2020, the company has 14 employees and reported revenue of NOK 42.0m in its latest annual filing.
Revenue 2025
0B NOK
+40% vs 2024
EBITDA margin
−49.7 %
+30% vs 2024
Net profit 2025
-0B NOK
-194% vs 2024
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
97.4 %
Very strongAmong the 20% highest rated companies in the industry
20212025
Liquidity ratioCurrent assets ÷ Short-term debt
8.3×
Very strongAmong the 20% highest rated companies in the industry
20212025
Return on assets (ROA)Net profit ÷ Total assets × 100
-0.9 %
AverageAround the average of companies in the same industry
20212025
EBITDA — year on year
NOK millionsKey figures
Annual report 2025| Revenue | 0B NOK | +40% |
| EBITDA | -0B NOK | +30% |
| Net profit | -0B NOK | -194% |
| Total assets | 1.5B NOK | +1% |
| Equity | 1.4B NOK | +1% |
| Employees | 14 | — |
Company information
Legal name
INTEGRATED WIND SOLUTIONS ASA
Org number
925558745
Legal form
Allmennaksjeselskap
NACE code
Founded
23 July 2020 · 6 years
Share capital
NOK 79,910,116
Employees
14 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2025-12-31
Financial year
January – December
Signatory rights
Styrets leder alene eller to styremedlemmer i fellesskap.
Company purpose
Selskapets virksomhet er å kontrahere, eie og drive skip til havvindsvirksomhet samt tjenesteytelser overfor havvindsvirksomhet samt alt som står i forbindelse med dette.
(no translation available)
Contact
Address
Støperigata 2, 0250 Oslo
Phone
+47 22 01 42 00
Email
iws@integratedwind.com
Website
https://www.integratedwind.com
Risika for professionals
Risika provides regulated workflow tools for finance, procurement and compliance teams that need monitoring, alerts and an API.
Financial development
In its most recent annual report (2025), Integrated Wind Solutions ASA reported revenue of NOK 42.0m, an increase of 40% on the year before. The figures on this page draw on 5 annual filings covering 2021 to 2025. The bottom line showed a net loss of NOK 12.8m, and the EBITDA margin stood at -49.7%.
At the end of 2025, equity financed 97.4% of the balance sheet, and current assets covered short-term debt 8.3 times.
Financials
Revenue
NOK millionsEBITDA
NOK millionsIncome statement
NOK thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 42,031 | 30,076 | 14,584 | 8,947 | 233 |
| Staff expenses | -0 | -0 | -0 | -0 | -0 |
| EBITDA | -20,894 | -29,978 | -28,870 | -20,320 | -16,774 |
| Depreciation & amort. | -221 | -177 | -45 | -0 | -0 |
| EBIT | -21,115 | -30,155 | -28,915 | -20,320 | -16,774 |
| Net financials | 8,321 | 45,595 | 67,023 | 36,888 | -2,247 |
| Profit before tax | -12,794 | 15,440 | 38,108 | 16,568 | -19,021 |
| Tax | -0 | -0 | -0 | -0 | -0 |
| Net profit | -12,794 | 13,642 | 36,443 | 16,831 | -19,284 |
Balance sheet
NOK thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total assets | 1,467,578 | 1,455,117 | 1,427,612 | 1,031,738 | 666,362 |
| Equity | 1,430,031 | 1,414,885 | 1,401,243 | 1,023,855 | 662,649 |
| Long-term debt | 11,286 | 16,857 | 8,271 | 2,392 | 0 |
| Short-term debt | 19,921 | 19,093 | 15,266 | 3,948 | 3,241 |
| Total debt | 31,207 | 35,950 | 23,537 | 6,340 | 3,241 |
Financial ratios
5-year trendEBITDA margin
-49.7 %
20212025
Equity ratio
97.4 %
Very strongAmong the 20% highest rated companies in the industry
20212025
Return on equity
-0.9 %
WeakAmong the 40% lowest rated companies in the industry
20212025
Net profit margin
-30.4 %
WeakAmong the 30% lowest rated companies in the industry
20212025
Asset turnover
0.03×
WeakAmong the 40% lowest rated companies in the industry
20212025
Debt / equity
0.03×
Very strongAmong the 10% highest rated companies in the industry
20212025
Sector performance
27 of 28 ratios graded28 financial ratios from the latest filing, each graded against companies in the same industry.
Profitability
Gross marginAverage
Around the average of companies in the same 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 marginVery weak
Among the 20% 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 30% 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)Weak
Among the 40% lowest rated companies in the 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 ratioVery strong
Among the 20% highest 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 ratioVery strong
Among the 20% highest 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 ratioVery strong
Among the 10% highest rated companies in the industry
Cash relative to short-term debt — the ability to repay short-term obligations with cash alone.
Current assets to equityVery strong
Among the 20% 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 capitalStrong
Among the 40% highest 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 ratioStrong
Among the 30% highest rated companies in the industry
Cash flow relative to profit — the ability to convert reported profits into accessible cash.
Debt & solvency
Solidity ratioVery strong
Among the 20% 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 ratioVery strong
Among the 10% 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 equityVery strong
Among the 10% highest rated companies in the industry
Debt relative to equity — the company's leverage. A higher value means heavier reliance on debt financing.
Liabilities to equityVery strong
Among the 20% highest rated companies in the industry
Total liabilities relative to equity — whether the company operates primarily on borrowed capital or on its own.
Income to debtVery weak
Among the 20% lowest rated companies in the industry
Profit relative to debt — the ability to create earnings while operating with debt.
EBITDA to debtVery weak
Among the 10% lowest rated companies in the industry
EBITDA relative to debt — how much operating earnings are available to service the debt.
Interest coverageVery weak
Among the 10% lowest rated companies in the industry
The ability to pay the interest on the company's debt out of its earnings.
Interest rate on debtStrong
Among the 30% highest rated companies in the 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 turnoverWeak
Among the 40% lowest rated companies in the industry
Revenue relative to total assets — the ability to generate revenue from the asset base.
Equity to contributed capitalStrong
Among the 30% 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 strong
Among the 20% highest rated companies in the industry
The size of this year's increase or decrease in the company's debt.
Inventory turnoverNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
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.
Annual reports & filings
- Annual report 2025Filed via Brønnøysundsregistrene · Period 2025-01-01 – 2025-12-31
- 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
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|---|---|
| Current (1) | ||
LQ Chief Executive Officer | Chief Executive Officer | 2021 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (5) | ||
SS Board of Directors | Board of Directors | 2022 |
DA Board of Directors | Board of Directors | 2021 |
SE Chairman | Chairman | 2021 |
JP Board of Directors | Board of Directors | 2026 |
CH Board of Directors | Board of Directors | 2021 |
Former (2)
JR Board of Directors | Board of Directors | 2021 – 2026 |
OC Board of Directors | Board of Directors | 2021 – 2022 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 39.5% | 39.5% | 2025 | |
| Company | 30.18% | 30.18% | 2025 | |
| Company | 6.96% | 6.96% | 2025 | |
| Company | 4.53% | 4.53% | 2025 | |
| Company | 2.96% | 2.96% | 2025 | |
| Company | 2.55% | 2.55% | 2025 | |
| Company | 2.36% | 2.36% | 2025 | |
| Company | 1.77% | 1.77% | 2025 | |
| Company | 1.34% | 1.34% | 2025 | |
| Company | 1.08% | 1.08% | 2025 | |
| Individual | 0.12% | 0.12% | 2025 | |
| Individual | 0.03% | 0.03% | 2025 | |
State Street Bank And Trust Comp | Company | 7.1% | 7.1% | 2023 |
| Company | 1.97% | 1.97% | 2021 | |
| Company | 3.29% | 3.29% | 2021 | |
| Company | 1.88% | 1.88% | 2022 | |
| Company | 5.48% | 5.48% | 2022 | |
| Company | 1.17% | 1.17% | 2023 | |
| Company | 1.21% | 1.21% | 2022 | |
| Company | 0.56% | 0.56% | 2023 | |
| Company | 2.37% | 2.37% | 2021 | |
Bnp Paribas | Company | 7.1% | 7.1% | 2021 |
Clearstream Banking S.A. | Company | 26.95% | 26.95% | 2024 |
J.P. Morgan Se | Company | 9.54% | 9.54% | 2024 |
| Company | 1.33% | 1.33% | 2022 | |
Skandinaviska Enskilda Banken Ab | Company | 5.31% | 5.31% | 2024 |
| Company | 1.4% | 1.4% | 2022 | |
J.P. Morgan Bank Luxembourg S.A. | Company | 3.84% | 3.84% | 2021 |
| Company | 4.46% | 4.46% | 2024 | |
| Company | 1.95% | 1.95% | 2022 | |
| Company | 3.14% | 3.14% | 2023 |
Related companies
Company hierarchy
Clearstream Banking S.A.30.1783%Awilco As39.4969%J.P. Morgan Se4.53%Bnp Paribas2.55%Must Invest As1.77%Skeie Kapital As1.34%Wieco As1.08%Ludvig Lorentzen As1.88%Sundt As5.48%Skeie Teknologi As1.33%Skandinaviska Enskilda Banken Ab5.31%Whiterock As1.4%J.P. Morgan Bank Luxembourg S.A.3.84%Toluma Norden As1.95%
Integrated Wind Solutions ASA (this company)Iws Fleet As74.6196% ownedAwind 5 AS100% ownedAwind 6 As100% ownedAwind 1 AS100% ownedIws Fleet Management As100% ownedAwind 2 AS100% ownedAwind 4 AS100% ownedAwind 3 AS100% ownedBoard network connections
Board members of Integrated Wind Solutions ASA also hold positions in 70 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Jens-Julius Ramdahl Nygaard | Board of Directors | 15 companiesMany roles |
| Synne Syrrist | Board of Directors | 14 companiesMany roles |
| Lars-Henrik Qvernheim Røren | Chief Executive Officer | 12 companiesMany roles |
| Ole Christian Hvidsten | Board of Directors | 12 companiesMany roles |
| Cathrine Holmsen Haavind | Board of Directors | 11 companiesMany roles |
| Sigurd Einar Thorvildsen | Chairman | 6 companiesMany roles |
Frequently asked questions
What is the Org number of Integrated Wind Solutions ASA?
Integrated Wind Solutions ASA is registered with Brønnøysundsregistrene under Org 925558745.
What is the revenue of Integrated Wind Solutions ASA?
Integrated Wind Solutions ASA reported revenue of NOK 42.0m in 2025.
How many employees does Integrated Wind Solutions ASA have?
Integrated Wind Solutions ASA employs 14 people as of the latest annual report.
Who is the CEO of Integrated Wind Solutions ASA?
Lars-Henrik Qvernheim Røren is the CEO of Integrated Wind Solutions ASA, in role since 2021.
Who is the chairman of Integrated Wind Solutions ASA?
Sigurd Einar Thorvildsen chairs the board of Integrated Wind Solutions ASA, in role since 2021.
Where is Integrated Wind Solutions ASA headquartered?
Integrated Wind Solutions ASA's registered address is Støperigata 2.