Novatech AS
ASActiveOrg 929484673Sverdrups Gate 27, 4007 StavangerComputer programming activities· NACE 6210Est. 2022 · 4 years old1-4 employeeshttps://www.novatech.no
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Overview
Novatech AS is a Norwegian AS based in Stavanger, operating in the Computer programming activities sector. Incorporated in 2022, the company reported revenue of NOK 5.5m in its latest annual filing.
Revenue 2025
5.5M NOK
+232% vs 2024
EBITDA margin
26.1 %
+205% vs 2024
Net profit 2025
-0.1M NOK
+93% vs 2024
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
47.1 %
AverageAround the average of companies in the same industry
20222025
Liquidity ratioCurrent assets ÷ Short-term debt
0.1×
Very weakAmong the 20% lowest rated companies in the industry
20222025
Return on assets (ROA)Net profit ÷ Total assets × 100
-0.9 %
AverageAround the average of companies in the same industry
20222025
EBITDA — year on year
NOK thousandsKey figures
Annual report 2025| Revenue | 5.5M NOK | +232% |
| EBITDA | 1.4M NOK | +205% |
| Net profit | -0.1M NOK | +93% |
| Total assets | 13.9M NOK | +16% |
| Equity | 6.6M NOK | +40% |
| Employees | — | — |
Company information
Legal name
NOVATECH AS
Org number
929484673
Legal form
Aksjeselskap
NACE code
Founded
19 May 2022 · 4 years
Share capital
NOK 373,468
Employees
1-4
VAT registered
Yes
Audit selected
No
Last report
2025-12-31
Financial year
January – December
Signatory rights
To styremedlemmer i fellesskap.
Company purpose
Programvareutvikling, samt faglig, vitenskapelig og teknisk rådgivning og assistanse.
(no translation available)
Contact
Address
Sverdrups Gate 27, 4007 Stavanger
Phone
+47 40 20 14 87
Email
knut.husdal@novatech.no
Website
https://www.novatech.no
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), Novatech AS reported revenue of NOK 5.5m, an increase of 232% on the year before. The figures on this page draw on 4 annual filings covering 2022 to 2025. The bottom line showed a net loss of NOK 126.8k, and the EBITDA margin stood at 26.1%.
At the end of 2025, equity financed 47.1% of the balance sheet, and current assets covered short-term debt 0.1 times.
Financials
Revenue
NOK thousandsEBITDA
NOK thousandsIncome statement
NOK thousands| Item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Revenue | 5,455 | 1,642 | 2,335 | 186 |
| Staff expenses | -1,656 | -1,555 | -700 | -202 |
| EBITDA | 1,422 | -1,349 | 384 | -476 |
| Depreciation & amort. | -1,298 | -771 | -23 | -3 |
| EBIT | 125 | -2,120 | 362 | -479 |
| Net financials | -284 | -151 | -45 | -0 |
| Profit before tax | -159 | -2,272 | 316 | -480 |
| Tax | -32 | -500 | 71 | -108 |
| Net profit | -127 | -1,772 | 245 | -372 |
Balance sheet
NOK thousands| Item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Total assets | 13,900 | 11,954 | 7,805 | 3,189 |
| Equity | 6,552 | 4,691 | 6,463 | 2,718 |
| Long-term debt | 0 | 0 | 0 | 0 |
| Short-term debt | 5,348 | 5,263 | 1,341 | 471 |
| Total debt | 7,348 | 7,263 | 1,341 | 471 |
Financial ratios
5-year trendEBITDA margin
26.1 %
20222025
Equity ratio
47.1 %
AverageAround the average of companies in the same industry
20222025
Return on equity
-1.9 %
WeakAmong the 40% lowest rated companies in the industry
20222025
Net profit margin
-2.3 %
WeakAmong the 40% lowest rated companies in the industry
20222025
Asset turnover
0.39×
AverageAround the average of companies in the same industry
20222025
Debt / equity
1.12×
WeakAmong the 40% lowest rated companies in the industry
20222025
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 marginAverage
Around the average of companies in the same 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)Strong
Among the 40% highest rated companies in the industry
EBIT relative to total assets — the company's earning power before the effects of tax and financial leverage.
Capacity ratioStrong
Among the 40% highest rated companies in the 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 weak
Among the 20% 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 ratioVery weak
Among the 20% 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 ratioVery weak
Among the 20% lowest 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 10% 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 capitalVery weak
Among the 10% 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 weak
Among the 10% lowest rated companies in the industry
Cash flow relative to profit — the ability to convert reported profits into accessible cash.
Debt & solvency
Solidity ratioAverage
Around the average of companies in the same industry
Equity as a share of total assets — the ability to absorb losses. Around 40% is considered satisfactory from a credit perspective.
Debt ratioAverage
Around the average of companies in the same industry
Total debt relative to the balance-sheet total — the share of the assets financed by debt rather than equity.
Debt to equityWeak
Among the 40% lowest rated companies in the industry
Debt relative to equity — the company's leverage. A higher value means heavier reliance on debt financing.
Liabilities to equityWeak
Among the 40% lowest rated companies in the 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 debtStrong
Among the 40% highest rated companies in the industry
EBITDA relative to debt — how much operating earnings are available to service the debt.
Interest coverageAverage
Around the average of companies in the same industry
The ability to pay the interest on the company's debt out of its earnings.
Interest rate on debtWeak
Among the 30% lowest 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 turnoverAverage
Around the average of companies in the same 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 equityStrong
Among the 30% highest rated companies in the industry
The size of this year's increase or decrease in the company's equity.
One-year change in debtAverage
Around the average of companies in the same 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 2022-05-19 – 2022-12-31
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|---|---|
| Current (1) | ||
KT Chief Executive Officer | Chief Executive Officer | 2022 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (3) | ||
LR Board of Directors | Board of Directors | 2022 |
FE Chairman | Chairman | 2026 |
GH Board of Directors | Board of Directors | 2023 |
Former (3)
SH Chairman | Chairman | 2025 – 2026 |
GK Chairman | Chairman | 2023 – 2025 |
KT Board of Directors | Board of Directors | 2022 – 2023 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 30.79% | 30.79% | 2025 | |
| Company | 28.11% | 28.11% | 2025 | |
| Company | 16.07% | 16.07% | 2025 | |
| Company | 7.72% | 7.72% | 2025 | |
| Company | 5.36% | 5.36% | 2025 | |
| Company | 4.02% | 4.02% | 2025 | |
| Company | 3.87% | 3.87% | 2025 | |
| Company | 2.68% | 2.68% | 2025 |
Related companies
Company hierarchy
Validé Invest Ii As7.7219%Husdal Invest As28.1149%Vikingtokt As30.7925%Lars Husdal Holding As16.0656%Novatech Consulting As5.3552%Mamyr Invest As4.02%Digital Pilar As3.87%
Novatech AS (this company)Board network connections
Board members of Novatech AS also hold positions in 61 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Geir Husdal | Board of Directors | 19 companiesMany roles |
| Stig Harry Christiansen | Chairman | 14 companiesMany roles |
| Grethe Kristin Moen | Chairman | 11 companiesMany roles |
| Finn Espen Gundersen | Chairman | 9 companiesMany roles |
| Knut Torstein Husdal | Chief Executive Officer | 4 companies |
| Lars Rune Husdal | Board of Directors | 4 companies |
Frequently asked questions
What is the Org number of Novatech AS?
Novatech AS is registered with Brønnøysundsregistrene under Org 929484673.
What is the revenue of Novatech AS?
Novatech AS reported revenue of NOK 5.5m in 2025.
Who is the CEO of Novatech AS?
Knut Torstein Husdal is the CEO of Novatech AS.
Who is the chairman of Novatech AS?
Finn Espen Gundersen chairs the board of Novatech AS, in role since 2026.
Where is Novatech AS headquartered?
Novatech AS's registered address is Sverdrups Gate 27.