Odfjell Engineering AS
ASActiveOrg 991491252Kokstadflaten 35, 5257 KokstadEngineering activities and related technical consultancy· NACE 7112Est. 2007 · 19 years old177 employees
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Overview
Odfjell Engineering AS is a Norwegian AS based in Kokstad, operating in the Engineering activities and related technical consultancy sector. Incorporated in 2007, the company has 177 employees and reported revenue of NOK 632.0m in its latest annual filing.
Revenue 2025
632M NOK
−1% vs 2024
EBITDA margin
10.0 %
−18% vs 2024
Net profit 2025
53.1M NOK
-5% vs 2024
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
9.5 %
WeakAmong the 30% lowest rated companies in the industry
20212025
Liquidity ratioCurrent assets ÷ Short-term debt
1.0×
WeakAmong the 30% lowest rated companies in the industry
20212025
Return on assets (ROA)Net profit ÷ Total assets × 100
24.1 %
StrongAmong the 30% highest rated companies in the industry
20212025
EBITDA — year on year
NOK millionsKey figures
Annual report 2025| Revenue | 632M NOK | -1% |
| EBITDA | 63.4M NOK | -18% |
| Net profit | 53.1M NOK | -5% |
| Total assets | 219.9M NOK | +14% |
| Equity | 20.8M NOK | +13% |
| Employees | 177 | — |
Company information
Legal name
ODFJELL ENGINEERING AS
Org number
991491252
Legal form
Aksjeselskap
NACE code
Founded
2 July 2007 · 19 years
Share capital
NOK 2,359,729
Employees
177 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2025-12-31
Financial year
January – December
Signatory rights
Styrets leder eller to styremedlemmer i felleskap, der både et aksjonærvalgt styremedlem og en ansatterepresentant skal være representert.
Company purpose
Å drive konstruksjon og konsulentvirksomhet herunder ingeniørtjenester, kjøp og salg og dermed forbundet virksomhet.
(no translation available)
Address
Kokstadflaten 35, 5257 Kokstad
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Financial development
In its most recent annual report (2025), Odfjell Engineering AS reported revenue of NOK 632.0m, a decrease of 1% on the year before. The figures on this page draw on 5 annual filings covering 2021 to 2025. The bottom line showed a net profit of NOK 53.1m, and the EBITDA margin stood at 10%.
At the end of 2025, equity financed 9.5% of the balance sheet, and current assets covered short-term debt 1 times.
Financials
Revenue
NOK millionsEBITDA
NOK millionsIncome statement
NOK thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 631,977 | 637,998 | 557,722 | 498,654 | 324,880 |
| Staff expenses | -363,161 | -317,906 | -246,576 | -196,826 | -136,817 |
| EBITDA | 63,399 | 77,368 | 70,693 | 58,298 | 13,730 |
| Depreciation & amort. | -2,401 | -2,860 | -739 | -947 | -2,353 |
| EBIT | 60,998 | 74,508 | 69,954 | 57,351 | 11,377 |
| Net financials | 4,562 | -2,328 | 898 | -3,582 | -1,364 |
| Profit before tax | 65,559 | 72,180 | 70,851 | 53,769 | 10,013 |
| Tax | 12,472 | 16,064 | 15,753 | 12,024 | 2,656 |
| Net profit | 53,088 | 56,115 | 55,098 | 41,745 | 7,357 |
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Balance sheet
NOK thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total assets | 219,870 | 193,082 | 195,092 | 186,784 | 129,006 |
| Equity | 20,819 | 18,427 | 17,077 | 16,021 | 16,164 |
| Long-term debt | 0 | 1,416 | 1,011 | 747 | 621 |
| Short-term debt | 197,251 | 173,239 | 177,004 | 170,017 | 112,221 |
| Total debt | 199,051 | 174,655 | 178,015 | 170,764 | 112,842 |
Financial ratios
5-year trendEBITDA margin
10.0 %
20212025
Equity ratio
9.5 %
WeakAmong the 30% lowest rated companies in the industry
20212025
Return on equity
255.0 %
Very strongAmong the 10% highest rated companies in the industry
20212025
Net profit margin
8.4 %
AverageAround the average of companies in the same industry
20212025
Asset turnover
2.87×
Very strongAmong the 20% highest rated companies in the industry
20212025
Debt / equity
9.56×
Very weakAmong the 10% lowest 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 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)Very strong
Among the 10% highest 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)Strong
Among the 30% highest rated companies in the industry
Net profit as a percentage of total assets — the return generated on the capital employed.
Return on net assets (RONA)Very strong
Among the 10% highest 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 30% 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 ratioWeak
Among the 30% 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 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 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 capitalWeak
Among the 40% 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 ratioStrong
Among the 40% highest 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 30% 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 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 coverageStrong
Among the 30% highest 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 marginStrong
Among the 30% highest 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.
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 capitalAverage
Around the average of companies in the same 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 40% highest rated companies in the industry
The size of this year's increase or decrease in the company's equity.
One-year change in debtWeak
Among the 40% 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
- 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 (6) | ||
AA Deputy Member | Deputy Member | 2024 |
EC Deputy Member | Deputy Member | 2024 |
KM Deputy Member | Deputy Member | 2024 |
MS Deputy Member | Deputy Member | 2024 |
GF Deputy Member | Deputy Member | 2024 |
AS Chief Executive Officer | Chief Executive Officer | 2022 |
Former (10)
GM Deputy Member | Deputy Member | 2021 – 2022 |
EC Deputy Member | Deputy Member | 2021 – 2021 |
HL Deputy Member | Deputy Member | 2020 – 2021 |
NM Deputy Member | Deputy Member | 2022 – 2024 |
KB Deputy Member | Deputy Member | 2020 – 2022 |
VL Deputy Member | Deputy Member | 2020 – 2021 |
KE Deputy Member | Deputy Member | 2022 – 2024 |
FS Deputy Member | Deputy Member | 2021 – 2022 |
KG Deputy Member | Deputy Member | 2020 – 2022 |
EE Deputy Member | Deputy Member | 2020 – 2021 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (7) | ||
HA Board of Directors | Board of Directors | 2020 |
FG Board of Directors | Board of Directors | 2020 |
KW Board of Directors | Board of Directors | 2020 |
RØ Board of Directors | Board of Directors | 2024 |
AS Board of Directors | Board of Directors | 2024 |
HG Board of Directors | Board of Directors | 2024 |
SL Chairman | Chairman | 2020 |
Former (7)
LH Board of Directors | Board of Directors | 2020 – 2022 |
EG Board of Directors | Board of Directors | 2021 – 2022 |
JT Board of Directors | Board of Directors | 2021 – 2024 |
JK Board of Directors | Board of Directors | 2020 – 2021 |
JA Board of Directors | Board of Directors | 2020 – 2022 |
KE Board of Directors | Board of Directors | 2020 – 2022 |
AS Board of Directors | Board of Directors | 2020 – 2021 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 100% | 100% | 2022 | |
Odfjell Drilling Services Ltd | Company | 100% | 100% | 2020 |
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Company hierarchy
Odfjell Drilling Services Ltd100%
Odfjell Engineering AS (this company)Odfjell Energy Crewing AS100% ownedBoard network connections
Board members of Odfjell Engineering AS also hold positions in 230 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Geir Magne Gammersvik | Deputy Member | 26 companiesMany roles |
| Adrian Alexander Lien | Deputy Member | 18 companiesMany roles |
| Elisabeth Cecilie Haram | Deputy Member | 17 companiesMany roles |
| Knut Bjarte Mossefinn | Deputy Member | 15 companiesMany roles |
| Håkon Lunde | Deputy Member | 14 companiesMany roles |
| Harald Asle Hereid | Board of Directors | 14 companiesMany roles |
| Simen Lieungh | Chairman | 14 companiesMany roles |
| Frederik Glenjen | Board of Directors | 11 companiesMany roles |
| Anne Siri Sævareid | Chief Executive Officer | 10 companiesMany roles |
| Kjetil Gjersdal | Deputy Member | 10 companiesMany roles |
| Kurt Meinert Fjell | Deputy Member | 9 companiesMany roles |
| Geir Frode Nysæter | Deputy Member | 9 companiesMany roles |
| Kurt Werner Holsæter | Board of Directors | 9 companiesMany roles |
| Randi Øverland | Board of Directors | 9 companiesMany roles |
| May-Rita Sel | Deputy Member | 8 companiesMany roles |
| Eirik Grimstad Øvrelid | Board of Directors | 7 companiesMany roles |
| Jone Torstensen | Board of Directors | 7 companiesMany roles |
| Eivind Endresen | Deputy Member | 6 companiesMany roles |
| Hilde Grønlien | Board of Directors | 6 companiesMany roles |
| Atle Sæbø | Board of Directors | 4 companies |
| Elin Crombie | Deputy Member | 3 companies |
| Frode Storebø | Deputy Member | 2 companies |
| Kari Elisabeth Fotland | Deputy Member | 1 company |
| Leif Helge Eikeseth | Board of Directors | 1 company |
Frequently asked questions
What is the Org number of Odfjell Engineering AS?
Odfjell Engineering AS is registered with Brønnøysundsregistrene under Org 991491252.
What is the revenue of Odfjell Engineering AS?
Odfjell Engineering AS reported revenue of NOK 632.0m in 2025.
How many employees does Odfjell Engineering AS have?
Odfjell Engineering AS employs 177 people as of the latest annual report.
Who is the CEO of Odfjell Engineering AS?
Anne Siri Sævareid is the CEO of Odfjell Engineering AS, in role since 2022.
Who is the chairman of Odfjell Engineering AS?
Simen Lieungh chairs the board of Odfjell Engineering AS, in role since 2020.
Where is Odfjell Engineering AS headquartered?
Odfjell Engineering AS's registered address is Kokstadflaten 35.