Oow Project Development AS
ASActiveOrg 930831964Kokstadflaten 35, 5257 KokstadEngineering activities and related technical consultancy· NACE 7112Est. 2023 · 3 years old0 employees
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Overview
Oow Project Development AS is a Norwegian AS based in Kokstad, operating in the Engineering activities and related technical consultancy sector. Incorporated in 2023, the company has 0 employees and reported revenue of NOK 0 in its latest annual filing.
Revenue 2025
0M NOK
EBITDA margin
—
Net profit 2025
-90.3M NOK
-434% vs 2024
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
-549.1 %
Very weakAmong the 10% lowest rated companies in the industry
20232025
Liquidity ratioCurrent assets ÷ Short-term debt
0.0×
20232025
Return on assets (ROA)Net profit ÷ Total assets × 100
-842.1 %
Very weakAmong the 10% lowest rated companies in the industry
20232025
EBITDA — year on year
NOK thousandsKey figures
Annual report 2025| Revenue | 0M NOK | — |
| EBITDA | -0M NOK | +27% |
| Net profit | -90.3M NOK | -434% |
| Total assets | 10.7M NOK | -89% |
| Equity | -58.9M NOK | -287% |
| Employees | 0 | — |
Company information
Legal name
OOW PROJECT DEVELOPMENT AS
Org number
930831964
Legal form
Aksjeselskap
NACE code
Founded
1 February 2023 · 3 years
Share capital
NOK 30,000
Employees
0 (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
Drive virksomhet med utvikling av og investeringer i flytende havturbiner, samt virksomhet som står i naturlig sammenheng med dette.
(no translation available)
Address
Kokstadflaten 35, 5257 Kokstad
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Financial development
In its most recent annual report (2025), Oow Project Development AS reported revenue of NOK 0. The figures on this page draw on 3 annual filings covering 2023 to 2025. The bottom line showed a net loss of NOK 90.3m.
Financials
Revenue
NOKEBITDA
NOK thousandsIncome statement
NOK thousands| Item | 2025 | 2024 | 2023 |
|---|---|---|---|
| Revenue | 0 | 0 | 0 |
| Staff expenses | -0 | -0 | -0 |
| EBITDA | -45 | -62 | -87 |
| Depreciation & amort. | -0 | -0 | -0 |
| EBIT | -45 | -62 | -87 |
| Net financials | -90,248 | 27,097 | 4,427 |
| Profit before tax | -90,293 | 27,035 | 4,340 |
| Tax | -0 | -0 | -0 |
| Net profit | -90,293 | 27,035 | 4,340 |
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Balance sheet
NOK thousands| Item | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total assets | 10,722 | 96,261 | 79,734 |
| Equity | -58,879 | 31,414 | 4,379 |
| Long-term debt | 0 | 64,848 | 70,525 |
| Short-term debt | 0 | 0 | 4,831 |
| Total debt | 69,601 | 64,848 | 75,355 |
Financial ratios
5-year trendEBITDA margin
<−999 %
20232025
Equity ratio
-549.1 %
Very weakAmong the 10% lowest rated companies in the industry
20232025
Return on equity
—
20232025
Net profit margin
<−999 %
20232025
Asset turnover
0.00×
Very weakAmong the 10% lowest rated companies in the industry
20232025
Debt / equity
—
20232025
Sector performance
15 of 28 ratios graded28 financial ratios from the latest filing, each graded against companies in the same industry.
Profitability
Return on assets (ROA)Very weak
Among the 10% lowest rated companies in the industry
Net profit as a percentage of total assets — the return generated on the capital employed.
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 ratioVery weak
Among the 10% lowest 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.
Gross marginNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
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 marginNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
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 marginNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
The profit for the year as a share of revenue — the company's ability to turn revenue into profit.
Return on equity (ROE)Not rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Net profit as a percentage of equity — the return the owners earned on their invested capital this year.
Return on net assets (RONA)Not rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Profit relative to net assets (total assets minus total debt) — the ability to generate earnings from the net asset base alone.
Liquidity
Cash conversion ratioVery weak
Among the 20% lowest rated companies in the industry
Cash flow relative to profit — the ability to convert reported profits into accessible cash.
Current ratioNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
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 ratioNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
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 ratioNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Cash relative to short-term debt — the ability to repay short-term obligations with cash alone.
Current assets to equityNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
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 capitalNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
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.
Debt & solvency
Solidity ratioVery weak
Among the 10% 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 ratioVery weak
Among the 10% 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.
Income to debtVery weak
Among the 10% lowest rated companies in the 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 debtVery weak
Among the 10% lowest rated companies in the industry
Financial expenses relative to total liabilities — the effective interest rate the company pays on its debt.
Interest marginVery weak
Among the 10% lowest rated companies in the 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.
Debt to equityNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Debt relative to equity — the company's leverage. A higher value means heavier reliance on debt financing.
Liabilities to equityNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Total liabilities relative to equity — whether the company operates primarily on borrowed capital or on its own.
Efficiency & development
Asset turnoverVery weak
Among the 10% lowest rated companies in the industry
Revenue relative to total assets — the ability to generate revenue from the asset base.
Equity to contributed capitalVery weak
Among the 10% 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 equityVery weak
Among the 10% lowest 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
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|---|---|
| Current (1) | ||
KF Chief Executive Officer | Chief Executive Officer | 2024 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (2) | ||
PL Chairman | Chairman | 2023 |
KH Board of Directors | Board of Directors | 2026 |
Former (2)
EK Board of Directors | Board of Directors | 2023 – 2026 |
SR Chairman | Chairman | 2023 – 2023 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 100% | 100% | 2023 |
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Company hierarchy
Odfjell Oceanwind As
Oow Project Development AS (this company)Board network connections
Board members of Oow Project Development AS also hold positions in 57 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Ståle Rønneberg Kristiansen | Chairman | 36 companiesMany roles |
| Eirik Krohn Knudsen | Board of Directors | 10 companiesMany roles |
| Per Lund | Chairman | 9 companiesMany roles |
| Kenneth Fossøy | Chief Executive Officer | 1 company |
| Knut Hausken Magnussen | Board of Directors | 1 company |
Frequently asked questions
What is the Org number of Oow Project Development AS?
Oow Project Development AS is registered with Brønnøysundsregistrene under Org 930831964.
Who is the CEO of Oow Project Development AS?
Kenneth Fossøy is the CEO of Oow Project Development AS, in role since 2024.
Who is the chairman of Oow Project Development AS?
Per Lund chairs the board of Oow Project Development AS.
Where is Oow Project Development AS headquartered?
Oow Project Development AS's registered address is Kokstadflaten 35.