Liquidity
Strong1.91
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 HOLDCO AS
Org. no. 983 532 845 · 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
- Not registered
- Established
- 29 June 2001
- Municipality
- SANDNES
- Industry code
- 09.101
INNOVEX NORWAY HOLDCO AS is a private limited company (as) registered in SANDNES since 2001. The organisation number is 983 532 845. The latest submitted annual accounts are for 2025.
Source: The Brønnøysund Register Centre · Last updated 6 November 2026 at 21:44
Overview
Quick overview
Status and key figures
Based on the latest submitted annual accounts (2025) and registry data.
Profitability
Strong23.5 %
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
Strong32.4 %
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
- 662.6 m NOK
- +339,720.5 % vs. the year before
- Net result
- 117.7 m NOK
- Fiscal year 2025
- Equity
- 119.0 m NOK
- Fiscal year 2025
- Status
- Active
- Central Coordinating Register
- Employees
- –
- Registered in the Central Coordinating Register
- Founded
- 29 June 2001
- Place
- SANDNES
- Industry
- Drilling services for petroleum and natural gas extraction
- 09.101
- Public contracts
- –
- Roles
- 5
- 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
100
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
- 983 532 845
- Organisation form
- Private limited company (AS)
- Registered in the Central Coordinating Register
- 29 October 2001
- Date of incorporation
- 29 June 2001
- Number of employees
- No registered employees
- Language form
- Norwegian Bokmål
- Latest submitted annual accounts
- 2025
- Deleted
- Not provided
- Website
- www.tco.no
- 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
6 stored years
Liquidity
Strong1.91
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
Strong23.5 %
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
Strong32.4 %
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 | 2025 | 2024 | Development |
|---|---|---|---|---|
| Operating revenue | 662,650,000 | 195,000 | 475,610,000 | |
| Operating profit | 155,653,000 | -21,752,000 | 14,419,000 | |
| Profit before tax | 150,367,000 | 32,101,000 | -13,678,000 | |
| Net result | 117,727,000 | 31,887,000 | -7,466,000 | |
| Total assets | 366,793,000 | 98,485,000 | 325,663,000 | |
| Equity | 119,000,000 | 28,890,000 | 48,796,000 | |
| Liabilities | 247,793,000 | 69,595,000 | 276,867,000 |
The gauges are calculated key figures with open thresholds. They are not a credit assessment.
Graphical analysis
6 fiscal years (2023–2025)
- Operating revenue 2025
- 662,650,000 NOK
- Net result 2025
- 117,727,000 NOK
- Revenue growth
- –
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 | 662,650,000 NOK |
|---|---|
| Total operating expenses | 506,997,000 NOK |
| Operating profit | 155,653,000 NOK |
| Total financial income | 13,575,000 NOK |
| Total financial expenses | 18,861,000 NOK |
| Net financial items | -5,286,000 NOK |
| Profit before tax | 150,367,000 NOK |
| Net result | 117,727,000 NOK |
Assets
| Total fixed assets | 21,586,000 NOK |
|---|---|
| Total current assets | 345,207,000 NOK |
| Total assets | 366,793,000 NOK |
Equity and liabilities
| Paid-in equity | 20,605,000 NOK |
|---|---|
| Retained earnings | 98,395,000 NOK |
| Total equity | 119,000,000 NOK |
| Current liabilities | 181,049,000 NOK |
| Long-term liabilities | 66,744,000 NOK |
| Total debt | 247,793,000 NOK |
| Total equity and liabilities | 366,793,000 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 | 195,000 NOK |
|---|---|
| Total operating expenses | 21,947,000 NOK |
| Operating profit | -21,752,000 NOK |
| Total financial income | 61,840,000 NOK |
| Total financial expenses | 7,987,000 NOK |
| Net financial items | 53,853,000 NOK |
| Profit before tax | 32,101,000 NOK |
| Net result | 31,887,000 NOK |
Assets
| Total fixed assets | 12,110,000 NOK |
|---|---|
| Total current assets | 86,375,000 NOK |
| Total assets | 98,485,000 NOK |
Equity and liabilities
| Paid-in equity | 20,605,000 NOK |
|---|---|
| Retained earnings | 8,285,000 NOK |
| Total equity | 28,890,000 NOK |
| Current liabilities | 38,148,000 NOK |
| Long-term liabilities | 31,447,000 NOK |
| Total debt | 69,595,000 NOK |
| Total equity and liabilities | 98,485,000 NOK |
Register of Company Accounts
Annual accounts 2024
Period 2024-01-01 to 2024-12-31. Currency NOK. Audited annual accounts.
Income statement
| Total operating revenue | 475,610,000 NOK |
|---|---|
| Total operating expenses | 461,191,000 NOK |
| Operating profit | 14,419,000 NOK |
| Total financial income | 10,829,000 NOK |
| Total financial expenses | 38,926,000 NOK |
| Net financial items | -28,097,000 NOK |
| Profit before tax | -13,678,000 NOK |
| Net result | -7,466,000 NOK |
Assets
| Total fixed assets | 28,900,000 NOK |
|---|---|
| Total current assets | 296,763,000 NOK |
| Total assets | 325,663,000 NOK |
Equity and liabilities
| Paid-in equity | 20,605,000 NOK |
|---|---|
| Retained earnings | 28,191,000 NOK |
| Total equity | 48,796,000 NOK |
| Current liabilities | 173,798,000 NOK |
| Long-term liabilities | 103,069,000 NOK |
| Total debt | 276,867,000 NOK |
| Total equity and liabilities | 325,663,000 NOK |
Register of Company Accounts
Annual accounts 2024
Period 2024-01-01 to 2024-12-31. Currency NOK. Audited annual accounts.
Income statement
| Total operating revenue | 18,650,440 NOK |
|---|---|
| Total operating expenses | 32,019,618 NOK |
| Operating profit | -13,369,178 NOK |
| Total financial income | 5,908,836 NOK |
| Total financial expenses | 7,775,126 NOK |
| Net financial items | -1,866,290 NOK |
| Profit before tax | -15,235,468 NOK |
| Net result | -9,817,577 NOK |
Assets
| Total fixed assets | 84,223,957 NOK |
|---|---|
| Total current assets | 35,687,666 NOK |
| Total assets | 119,911,623 NOK |
Equity and liabilities
| Paid-in equity | 20,604,923 NOK |
|---|---|
| Retained earnings | 10,397,948 NOK |
| Total equity | 31,002,871 NOK |
| Current liabilities | 53,486,144 NOK |
| Long-term liabilities | 35,422,608 NOK |
| Total debt | 88,908,752 NOK |
| Total equity and liabilities | 119,911,623 NOK |
Register of Company Accounts
Annual accounts 2023
Period 2023-01-01 to 2023-12-31. Currency NOK. Audited annual accounts.
Income statement
| Total operating revenue | 402,227,328 NOK |
|---|---|
| Total operating expenses | 313,586,757 NOK |
| Operating profit | 88,640,571 NOK |
| Total financial income | 32,863,335 NOK |
| Total financial expenses | 41,379,107 NOK |
| Net financial items | -8,515,772 NOK |
| Profit before tax | 80,124,799 NOK |
| Net result | 59,598,154 NOK |
Assets
| Total fixed assets | 16,131,033 NOK |
|---|---|
| Total current assets | 73,049,748 NOK |
| Total assets | 89,180,781 NOK |
Equity and liabilities
| Paid-in equity | 20,604,923 NOK |
|---|---|
| Retained earnings | 23,855,940 NOK |
| Total equity | 44,460,863 NOK |
| Current liabilities | 12,982,030 NOK |
| Long-term liabilities | 31,737,888 NOK |
| Total debt | 44,719,918 NOK |
| Total equity and liabilities | 89,180,781 NOK |
Register of Company Accounts
Annual accounts 2023
Period 2023-01-01 to 2023-12-31. Currency NOK. Audited annual accounts.
Income statement
| Total operating revenue | 490,010,789 NOK |
|---|---|
| Total operating expenses | 396,553,455 NOK |
| Operating profit | 93,457,334 NOK |
| Total financial income | 28,419,445 NOK |
| Total financial expenses | 41,062,461 NOK |
| Net financial items | -12,643,016 NOK |
| Profit before tax | 80,814,318 NOK |
| Net result | 59,616,530 NOK |
Assets
| Total fixed assets | 21,115,756 NOK |
|---|---|
| Total current assets | 313,888,789 NOK |
| Total assets | 335,004,545 NOK |
Equity and liabilities
| Paid-in equity | 20,604,923 NOK |
|---|---|
| Retained earnings | 32,843,106 NOK |
| Total equity | 53,448,029 NOK |
| Current liabilities | 185,612,787 NOK |
| Long-term liabilities | 95,943,723 NOK |
| Total debt | 281,556,510 NOK |
| Total equity and liabilities | 335,004,539 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 | 2025 | 2024 | 2024 | 2023 | 2023 |
|---|---|---|---|---|---|---|
| Revenue growthChange in total operating revenue from the previous fiscal year. | – | – | – | -95.4 % | – | – |
| Operating marginOperating profit divided by total operating revenue. | 23.5 % | -11,154.9 % | 3 % | -71.7 % | 22 % | 19.1 % |
| Profit marginOrdinary profit before tax divided by total operating revenue. | 22.7 % | 16,462.1 % | -2.9 % | -81.7 % | 19.9 % | 16.5 % |
| Equity ratioTotal equity divided by total assets. | 32.4 % | 29.3 % | 15 % | 25.9 % | 49.9 % | 16 % |
| Current ratioTotal current assets divided by total current liabilities. | 1.91 | 2.26 | 1.71 | 0.67 | 5.63 | 1.69 |
| Debt ratioTotal liabilities divided by total equity. | 2.08 | 2.41 | 5.67 | 2.87 | 1.01 | 5.27 |
| Return on assetsOrdinary profit before tax plus financial expenses, divided by total assets. | 46.1 % | 40.7 % | 7.8 % | -6.2 % | 136.2 % | 36.4 % |
| Return on equityNet profit divided by total equity. | 98.9 % | 110.4 % | -15.3 % | -31.7 % | 134 % | 111.5 % |
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 memberHanne Elisabeth Bowitz
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 HOLDCO AS
INNOVEX NORWAY HOLDCO AS
SANDNES
Registry data
Sub-units
| Name | Org. no. | Place | Employees |
|---|---|---|---|
| INNOVEX NORWAY HOLDCO ASDrilling services for petroleum and natural gas extraction | 984 597 959 | SANDNES | – |
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 12:55
Navn
Before: TCO GROUP AS
After: INNOVEX NORWAY HOLDCO AS
4 November 2026 at 12:55
Forretningsadresse
Before: Storaneset 20
After: Vestre Svanholmen 6
4 November 2026 at 12:55
Postnummer
Before: 5260
After: 4313
4 November 2026 at 12:55
Poststed
Before: INDRE ARNA
After: SANDNES
4 November 2026 at 12:55
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 21:44
Open official sourceRoles
Brønnøysund Register Centre · Public register
Last retrieved 6 November 2026 at 21:44
Open official sourceAccounts and key figures
Register of Company Accounts · Public register
Last retrieved 6 November 2026 at 21:44
Open official sourceAddress (verified)
Norwegian Mapping Authority – Geonorge address API · Public register
Last retrieved 6 November 2026 at 21:44
Open official sourceCentral approval
Norwegian Building Authority (DiBK) · No approval found
Last retrieved 6 November 2026 at 21:44
Open official sourceIndustry standard (SN2007)
Statistics Norway – KLASS · Official standard
Last retrieved 6 November 2026 at 21:44
Open official source
Public registry data is updated periodically and cannot be changed by the company. Calculated figures are marked “Calculated by us”.
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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