Westory AS
ASActiveOrg 930756342Holssletta 2C, 6018 ÅlesundMotion picture, video and television programme production activities· NACE 5911Est. 2023 · 3 years old1-4 employees
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Overview
Westory AS is a Norwegian AS based in Ålesund, operating in the Motion picture, video and television programme production activities sector. Incorporated in 2023, the company reported revenue of NOK 2.1m in its latest annual filing.
Revenue 2025
2.1M NOK
+35% vs 2024
EBITDA margin
0.6 %
+204% vs 2024
Net profit 2025
-0M NOK
+79% vs 2024
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
3.4 %
WeakAmong the 30% lowest rated companies in the industry
20232025
Liquidity ratioCurrent assets ÷ Short-term debt
0.9×
WeakAmong the 40% lowest rated companies in the industry
20232025
Return on assets (ROA)Net profit ÷ Total assets × 100
-0.7 %
AverageAround the average of companies in the same industry
20232025
EBITDA — year on year
NOK thousandsKey figures
Annual report 2025| Revenue | 2.1M NOK | +35% |
| EBITDA | 0M NOK | +204% |
| Net profit | -0M NOK | +79% |
| Total assets | 0.5M NOK | +97% |
| Equity | 0M NOK | -18% |
| Employees | — | — |
Company information
Legal name
WESTORY AS
Org number
930756342
Legal form
Aksjeselskap
Founded
15 January 2023 · 3 years
Share capital
NOK 30,000
Employees
1-4
VAT registered
Yes
Audit selected
No
Last report
2025-12-31
Financial year
January – December
Signatory rights
Daglig leder alene.
Company purpose
Utvikle og produsere film og annet audiovisuelt innhold som står i forbindelse med dette, herunder å delta i andre selskaper med lignende virksomhet.
(no translation available)
Address
Holssletta 2C, 6018 Ålesund
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Financial development
In its most recent annual report (2025), Westory AS reported revenue of NOK 2.1m, an increase of 35% on the year before. The figures on this page draw on 3 annual filings covering 2023 to 2025. The bottom line showed a net loss of NOK 4.0k, and the EBITDA margin stood at 0.6%.
At the end of 2025, equity financed 3.4% of the balance sheet, and current assets covered short-term debt 0.9 times.
Financials
Revenue
NOK thousandsEBITDA
NOK thousandsIncome statement
NOK thousands| Item | 2025 | 2024 | 2023 |
|---|---|---|---|
| Revenue | 2,080 | 1,541 | 877 |
| Staff expenses | -709 | -753 | -246 |
| EBITDA | 12 | -11 | 14 |
| Depreciation & amort. | -13 | -13 | -0 |
| EBIT | -1 | -24 | 14 |
| Net financials | -4 | -0 | 0 |
| Profit before tax | -5 | -25 | 14 |
| Tax | -1 | -5 | 3 |
| Net profit | -4 | -19 | 11 |
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Balance sheet
NOK thousands| Item | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total assets | 539 | 274 | 371 |
| Equity | 18 | 22 | 41 |
| Long-term debt | 0 | 0 | 0 |
| Short-term debt | 521 | 252 | 329 |
| Total debt | 521 | 252 | 329 |
Financial ratios
5-year trendEBITDA margin
0.6 %
20232025
Equity ratio
3.4 %
WeakAmong the 30% lowest rated companies in the industry
20232025
Return on equity
-22.0 %
WeakAmong the 30% lowest rated companies in the industry
20232025
Net profit margin
-0.2 %
AverageAround the average of companies in the same industry
20232025
Asset turnover
3.86×
Very strongAmong the 20% highest rated companies in the industry
20232025
Debt / equity
28.66×
Very weakAmong the 10% lowest rated companies in the industry
20232025
Sector performance
27 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 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 marginAverage
Around the average of companies in the same 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 30% 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 30% 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 40% 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 ratioWeak
Among the 30% 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 weak
Among the 10% lowest 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 ratioWeak
Among the 30% lowest 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 ratioWeak
Among the 40% lowest 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 weak
Among the 10% 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 equityVery weak
Among the 10% 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 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 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 40% 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 turnoverVery strong
Among the 20% highest rated companies in the industry
Revenue relative to total assets — the ability to generate revenue from the asset base.
Equity to contributed capitalWeak
Among the 40% lowest 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 equityWeak
Among the 30% lowest rated companies in the 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.
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
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|---|---|
| Current (1) | ||
MH Chief Executive Officer | Chief Executive Officer | 2023 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (3) | ||
HN Board of Directors | Board of Directors | 2025 |
JM Chairman | Chairman | 2025 |
MH Board of Directors | Board of Directors | 2025 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 95% | 95% | 2025 | |
| Company | 5% | 5% | 2025 |
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Company hierarchy
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Westory AS Board network connections
Board members of Westory AS also hold positions in 15 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Jan-Peter Mork | Chairman | 10 companiesMany roles |
| Marie Helene Høyberg | Chief Executive Officer | 3 companies |
| Hilde Nerland | Board of Directors | 2 companies |
Frequently asked questions
What is the Org number of Westory AS?
Westory AS is registered with Brønnøysundsregistrene under Org 930756342.
What is the revenue of Westory AS?
Westory AS reported revenue of NOK 2.1m in 2025.
Who is the CEO of Westory AS?
Marie Helene Høyberg is the CEO of Westory AS.
Who is the chairman of Westory AS?
Jan-Peter Mork chairs the board of Westory AS, in role since 2025.
Where is Westory AS headquartered?
Westory AS's registered address is Holssletta 2C.