Liquidity
Strong1.72
How the figure is assessed
Current assets divided by current liabilities. Below 1.0 is weak, 1.0–1.5 needs attention and 1.5 or more is strong.
INNOVEX NORWAY AS
Org. no. 932 406 659 · Private limited company (AS) · Active · Vestre Svanholmen 6, 4313, SANDNES · SANDNES · 09.101 – Drilling services for petroleum and natural gas extraction
ActiveVAT registeredRegister of Business Enterprises
- Organisation form
- AS
- Employees
- 90
- Established
- 6 September 2023
- Municipality
- SANDNES
- Industry code
- 09.101
INNOVEX NORWAY AS is a private limited company (as) registered in SANDNES since 2023. The organisation number is 932 406 659. The register lists 90 employees. The latest submitted annual accounts are for 2025.
Source: The Brønnøysund Register Centre · Last updated 6 November 2026 at 09:53
Overview
Quick overview
Status and key figures
Based on the latest submitted annual accounts (2025) and registry data.
Profitability
Strong29.3 %
How the figure is assessed
Operating profit divided by operating revenue. Below 0% is weak, 0–10% needs attention and 10% or more is strong.
Solidity
Strong32.5 %
How the figure is assessed
Equity divided by assets. Below 10% is weak, 10–30% needs attention and 30% or more is strong.
- Operating revenue
- 601.1 m NOK
- +41.4 % vs. the year before
- Net result
- 135.2 m NOK
- Fiscal year 2025
- Equity
- 94.6 m NOK
- Fiscal year 2025
- Status
- Active
- Central Coordinating Register
- Employees
- 90
- Registered in the Central Coordinating Register
- Founded
- 6 September 2023
- Place
- SANDNES
- Industry
- Drilling services for petroleum and natural gas extraction
- 09.101
- Public contracts
- –
- Roles
- 9
- People and entities
The gauges are calculated key figures with open thresholds, not a credit assessment. All amounts come from the Register of Company Accounts.
Calculated by us
Proffi Risk Indicator
98
av 100
Low risk
Based on status, solvency, liquidity, profitability, trend and how recent the accounts are. Public register data only.
This is an indicative assessment, not a credit rating. It does not replace your own due diligence before entering into an agreement.
Proffi+
Proffi estimated value
Calculating …
Indicative model estimate based on public accounting figures and typical industry multiples. Not an appraisal, a valuation or investment advice.
Development
Revenue and profit
RevenueResult
Development
Solvency and profitability (%)
SolidityProfitability
Registry data
Company information
- Organisation number
- 932 406 659
- Organisation form
- Private limited company (AS)
- Registered in the Central Coordinating Register
- 6 November 2023
- Date of incorporation
- 6 September 2023
- Number of employees
- 90
- Language form
- Norwegian Bokmål
- Latest submitted annual accounts
- 2025
- Deleted
- Not provided
- Website
- Not stated
- Bankruptcy date
- Not provided
Addresses
Visiting and postal address
Business address
Vestre Svanholmen 64313 SANDNESSANDNES municipalityNorgePostal address
Not registered
Industry
Industry and sector
- 09.101
Drilling services for petroleum and natural gas extraction(main industry)
B Mining and quarrying › 09 Mining support service activities › 09.1 Support activities for petroleum and natural gas extraction › 09.10 Support activities for petroleum and natural gas extraction
See the industry: largest companies and key figures →What does this industry cover?
Inkluderer: Omfatter boring av lete-, avgrensnings- og produksjonsbrønner utført på honorar- eller kontraktbasis; retningsbestemt boring, gjenboring, prøveboring, faststøping av borerør i olje- og gassborehull, avpropning og lukking av borehull, brønntraktoperasjoner, foringsrørtjenester, tradisjonelle utforskingsmetoder som uttak av boreprøver og geologiske observasjoner på mulige lokaliteter til bruk ved brønnplanlegging, tilleggstjenester som MWD (measurement while drilling), LWD (logging while drilling) og ML (mud logging) Ekskluderer: Geofysiske, geologiske og seismografiske undersøkelser grupperes under 71.122 Geologiske undersøkelser. Utleie av boligplattformer (floteller) og borerigger uten personell (bareboat) grupperes under 77.390 Utleie og leasing av andre maskiner og annet utstyr og materiell ikke nevnt annet sted
Institutional sector code: Private aksjeselskaper mv. (2100)
Statutory purpose
Selv, gjennom hel- eller deleide selskaper eller ved samarbeid med andre virksomheter, å forestå virksomhet innen salg av produkter og tjenester innenfor komplettering, perforering og relaterte produkter og tjenester.
Registry status
Registrations and status
- Registered in the Register of Business Enterprises
- Registered in the VAT register
- Registered in the Register of Non-Profit Organisations
- Registered in the Register of Foundations
- Bankruptcy
- In liquidation
- In compulsory liquidation
Experiences
Reviews
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Accounts
Financial overview
Accounts and key figures
Fiscal year 2025 · Amounts in NOK
Data basis
2 stored years
Liquidity
Strong1.72
How the figure is assessed
Current assets divided by current liabilities. Below 1.0 is weak, 1.0–1.5 needs attention and 1.5 or more is strong.
Profitability
Strong29.3 %
How the figure is assessed
Operating profit divided by operating revenue. Below 0% is weak, 0–10% needs attention and 10% or more is strong.
Solidity
Strong32.5 %
How the figure is assessed
Equity divided by assets. Below 10% is weak, 10–30% needs attention and 30% or more is strong.
Key numbers and development
Only reported amounts from the Register of Company Accounts
| Accounting item | 2025 | 2024 | Development |
|---|---|---|---|
| Operating revenue | 601,084,000 | 425,081,563 | |
| Operating profit | 175,863,000 | 35,352,291 | |
| Profit before tax | 173,357,000 | 12,723,061 | |
| Net result | 135,182,000 | 13,106,323 | |
| Total assets | 291,306,000 | 262,810,593 | |
| Equity | 94,552,000 | 23,574,029 | |
| Liabilities | 196,754,000 | 239,236,564 |
The gauges are calculated key figures with open thresholds. They are not a credit assessment.
Graphical analysis
2 fiscal years (2024–2025)
- Operating revenue 2025
- 601,084,000 NOK
- Net result 2025
- 135,182,000 NOK
- Revenue growth
- 41.4 %
Revenue and profit
Amounts in NOK
Operating margin
Calculated by us, in percent
Equity and liabilities
Balance sheet in NOK
Register of Company Accounts
Annual accounts 2025
Period 2025-01-01 to 2025-12-31. Currency NOK. Audited annual accounts.
Income statement
| Total operating revenue | 601,084,000 NOK |
|---|---|
| Total operating expenses | 425,222,000 NOK |
| Operating profit | 175,863,000 NOK |
| Total financial income | 12,941,000 NOK |
| Total financial expenses | 15,447,000 NOK |
| Net financial items | -2,505,000 NOK |
| Profit before tax | 173,357,000 NOK |
| Net result | 135,182,000 NOK |
Assets
| Total fixed assets | 14,152,000 NOK |
|---|---|
| Total current assets | 277,154,000 NOK |
| Total assets | 291,306,000 NOK |
Equity and liabilities
| Paid-in equity | 4,834,000 NOK |
|---|---|
| Retained earnings | 89,718,000 NOK |
| Total equity | 94,552,000 NOK |
| Current liabilities | 161,456,000 NOK |
| Long-term liabilities | 35,298,000 NOK |
| Total debt | 196,754,000 NOK |
| Total equity and liabilities | 291,306,000 NOK |
Register of Company Accounts
Annual accounts 2024
Period 2023-09-06 to 2024-12-31. Currency NOK. Audited annual accounts.
Income statement
| Total operating revenue | 425,081,563 NOK |
|---|---|
| Total operating expenses | 389,729,272 NOK |
| Operating profit | 35,352,291 NOK |
| Total financial income | 8,864,492 NOK |
| Total financial expenses | 31,493,722 NOK |
| Net financial items | -22,629,230 NOK |
| Profit before tax | 12,723,061 NOK |
| Net result | 13,106,323 NOK |
Assets
| Total fixed assets | 14,870,670 NOK |
|---|---|
| Total current assets | 247,939,923 NOK |
| Total assets | 262,810,593 NOK |
Equity and liabilities
| Paid-in equity | 4,833,949 NOK |
|---|---|
| Retained earnings | 18,740,080 NOK |
| Total equity | 23,574,029 NOK |
| Current liabilities | 171,590,177 NOK |
| Long-term liabilities | 67,646,387 NOK |
| Total debt | 239,236,564 NOK |
| Total equity and liabilities | 262,810,593 NOK |
Source: Register of Company Accounts, Brønnøysund Register Centre. Figures are shown as submitted, and historical years are never overwritten by newer submissions.
Key figures
Calculated by us
Key figures
| Key figures | 2025 | 2024 |
|---|---|---|
| Revenue growthChange in total operating revenue from the previous fiscal year. | 41.4 % | – |
| Operating marginOperating profit divided by total operating revenue. | 29.3 % | 8.3 % |
| Profit marginOrdinary profit before tax divided by total operating revenue. | 28.8 % | 3 % |
| Equity ratioTotal equity divided by total assets. | 32.5 % | 9 % |
| Current ratioTotal current assets divided by total current liabilities. | 1.72 | 1.44 |
| Debt ratioTotal liabilities divided by total equity. | 2.08 | 10.15 |
| Return on assetsOrdinary profit before tax plus financial expenses, divided by total assets. | 64.8 % | 16.8 % |
| Return on equityNet profit divided by total equity. | 143 % | 55.6 % |
About the calculation
The key figures are calculated by us (formula version v1) from public accounts in the Register of Company Accounts. A figure is only calculated when all input values exist and the denominator is not zero. The figures are not a credit assessment.
Roles and owners
Registry data
Roles
Chief executive officer
- Chief executive officerRobert Jay Abercrombie
Board
- Chair of the boardKendal Ryan Reed
- Board memberAdam Baker Anderson
- Board memberIngvar Lunde
- Board memberVegard Bondevik
- Deputy board memberBård Nerdal
- Deputy board memberElisabeth Balchen Gundersen
Auditor
- AuditorERNST & YOUNG AS
Accountant
- AccountantECIT SERVICES AS
Source: The Brønnøysund Register Centre. We only show name and role as published by the register – never date of birth or private address.
Organisation
Structure
Organisation structure
- Entity type
- Main entity
- Parent entity
- Not stated
- Number of sub-units
- 1
Overview
Structure map
INNOVEX NORWAY AS
INNOVEX NORWAY AS
SANDNES · 90 employees
Registry data
Sub-units
| Name | Org. no. | Place | Employees |
|---|---|---|---|
| INNOVEX NORWAY ASDrilling services for petroleum and natural gas extraction | 932 452 162 | SANDNES | 90 |
Changes
Registry data
Change history
Retrieved from the Brønnøysund Register Centre's official change log. Each line shows what changed, the previous value, the new value and when the change happened.
4 November 2026 at 12:20
Navn
Before: TCO NORWAY AS
After: INNOVEX NORWAY AS
4 November 2026 at 12:20
Forretningsadresse
Before: Storaneset 20
After: Vestre Svanholmen 6
4 November 2026 at 12:20
Postnummer
Before: 5260
After: 4313
4 November 2026 at 12:20
Poststed
Before: INDRE ARNA
After: SANDNES
4 November 2026 at 12:20
Kommune
Before: BERGEN
After: SANDNES
More about the company
This has not been registered yet. We never show made-up information.
Services and products
The company has not added any services yet.
Public approvals
Not in the Norwegian Building Authority's central approval register.
Public contracts
No notices found in TED where the company is a supplier or contracting authority.
Documents
Certificates of registration and other documents require a separate agreement with a document provider.
Transparency
Sources and data quality
Company information
Brønnøysund Register Centre · Public register
Last retrieved 6 November 2026 at 09:53
Open official sourceRoles
Brønnøysund Register Centre · Public register
Last retrieved 6 November 2026 at 09:53
Open official sourceAccounts and key figures
Register of Company Accounts · Public register
Last retrieved 6 November 2026 at 09:53
Open official sourceAddress (verified)
Norwegian Mapping Authority – Geonorge address API · Public register
Last retrieved 6 November 2026 at 09:53
Open official sourceCentral approval
Norwegian Building Authority (DiBK) · No approval found
Last retrieved 6 November 2026 at 09:53
Open official sourceIndustry standard (SN2007)
Statistics Norway – KLASS · Official standard
Last retrieved 6 November 2026 at 09:53
Open official source
Public registry data is updated periodically and cannot be changed by the company. Calculated figures are marked “Calculated by us”.
Report an errorSource
Public registry fields on this page come from the Central Coordinating Register and cannot be changed by the company. Self-reported content is marked separately.
Read about the data sources