Private · Company · Aksjeselskap
WEST SYSTEM NORGE AS
↳ Brreg · companies
Operating at a lossFY2024 · -5% margin
Group financialsNOK
FY21 · 117MFY22 · 96MFY23 · 78MFY24 · 62M
RevenueNet profit
Regnskapsregisteret · company_revenue
Job ads on NAV Arbeidsplassen12 MO
No job ads on record in the last 12 months.
NAV Arbeidsplassen · company_job_ad_months
Public contracts · won → est. expiryaward dates from Doffin/TED · hatched = our estimate, end dates aren't published
0 wins
Doffin/TED · company_tender_wins
Key figuresBrønnøysund
FY21FY22FY23FY24TREND
Revenue117M96M78M62M
Operating result13M1M-3M-3M
Net result10M0M-3M-3M
Regnskapsregisteret · company_revenue
MoneyNOK
Revenue
kr 62.3M
Operating result
−kr 3.11M
Net result
−kr 2.88M
Total assets
kr 35.6M
Equity
kr 22.9M
FY2024 kr 62.3M vs FY2023 kr 78.3M · -20% revenue
Regnskapsregisteret · company_financials · FY2024 (company)
Activitylast 24 mo
No job-ad activity on file
totals on file · ads-over-time series not yet in Intelligo
Registry changes
Employees18 → 222026-07-25
Employees18 → 222026-07-18
Field change · registreringsdatoAntallAnsatteNAVAaregisteret2026-06-10 → 2026-07-102026-07-18
Field change · registreringsdatoAntallAnsatteEnhetsregisteret2026-06-13 → 2026-07-152026-07-18
Field change · registreringsdatoAntallAnsatteEnhetsregisteret2026-05-12 → 2026-06-132026-06-24
NAV + JobStream · company_hiring · Brreg · company_changes
From the FY2024 accounts
FILEDAccounts filed for FY2024.
AUDITAudited by HKW NORGE MOMENTUM AS.
BALANCEEquity kr 22.9M.
Regnskapsregisteret + Brreg roles · the annual-report PDF is a paid Brønnøysund document, so these are the filed facts, not extracted prose
Timelineall sources
employees_change: employees18 -> 22Registry · 2026-07-25
employee_change: antallAnsatte18 -> 22Registry · 2026-07-18
field_change: registreringsdatoAntallAnsatteNAVAaregisteret2026-06-10 -> 2026-07-10Registry · 2026-07-18
field_change: registreringsdatoAntallAnsatteEnhetsregisteret2026-06-13 -> 2026-07-15Registry · 2026-07-18
employee_change: antallAnsatte16 -> 18Registry · 2026-06-24
field_change: registreringsdatoAntallAnsatteNAVAaregisteret2026-05-10 -> 2026-06-10Registry · 2026-06-24
field_change: registreringsdatoAntallAnsatteEnhetsregisteret2026-05-12 -> 2026-06-13Registry · 2026-06-24
Audit opinionThe auditor issued an unmodified opinion on the 2024 financial statements showing a loss of NOK 2 875 326. — Vi har revidert arsregnskape...Annual report · 2024-12-31
Going concernThe board concludes that the going concern assumption is appropriate. — Styret vurderer at forutsetningene for fortsatt drift ertil stede...Annual report · 2024-12-31
Going concernThe going concern note states the company posted a loss of NOK 2 875 326 in 2024 against NOK 2 850 137 in 2023. — Resultatet for 2024 vis...Annual report · 2024-12-31
OwnershipThe company is a wholly owned subsidiary of Xxl Sport & Villmark AS, based in Oslo. — WestSystemNorgeASer datterselskaptilXxlSport&Villma...Annual report · 2024-12-31
Share capitalShare capital consists of 150 ordinary shares of NOK 1 000, total NOK 150 000. — Aksjekapitalen i WestSystemNorgeAS pr.31.12bestar av:Annual report · 2024-12-31
Staff numbersThe company employed 14 full-time equivalents in 2024. — Selskapet hari2024sysselsatt 14arsverk.Annual report · 2024-12-31
Related partyShort-term debt of NOK 7 000 000 is owed to companies in the same group, with interest expense of NOK 527 419 to group companies. — Samle...Annual report · 2024-12-31
DividendNo dividend; the loss was covered by transfer from other equity of NOK 2 875 326. — Overfort fra annenegenkapital kr 2.875.326Annual report · 2024-12-31
Capitalised R&DDevelopment of a new website and web shop continued in 2024 and has been capitalised as an intangible asset. — Selskapet hari 2024fortsat...Annual report · 2024-12-31
Deferred taxA deferred tax asset of NOK 1 891 080 is recognised at 22 % based on accumulated tax loss carryforwards of NOK 8 403 999. — Utsatt skatte...Annual report · 2024-12-31
Post balance sheet eventNo events of significance occurred after 31 December 2024. — Det er ike inntruffet forhold etter 31.12.2024 som er av betydning ved bedom...Annual report · 2024-12-31
RemunerationAuditor's fee comprised NOK 68 000 for the audit and NOK 20 000 for other services. — Godtgjorelse til revisor 2024 2023Annual report · 2024-12-31
OtherNo liability insurance has been taken out for board members and the general manager. — Det er ikke tegnet ansvarforsikring for styremedle...Annual report · 2024-12-31
OtherRestricted tax withholding funds amount to NOK 328 409. — Innestaende midler pa skattetrekkskonto (bundne midler) er pa kr. 328 409.Annual report · 2024-12-31
OtherThe board expects a continued market decline with uncertainty and challenges, and has reduced inventory and new orders to cut costs. — De...Annual report · 2024-12-31
Audit opinionThe auditor issued an unmodified opinion on the 2023 financial statements, which show a loss of NOK 2,850,137. — Vi har revidert West Sys...Annual report · 2023-12-31
Audit opinionThe auditor states the accounts give a true and fair view in accordance with the Norwegian Accounting Act and good accounting practice. —...Annual report · 2023-12-31
Going concernThe board states the 2023 accounts are prepared on a going-concern basis, with no doubt expressed. — Arsregnskapet for 2023 er utarbeidet...Annual report · 2023-12-31
OwnershipThe company is wholly owned by XXL SPORT & VILLMARK AS and is consolidated into the parent's group accounts. — Virksomheten inngar i kons...Annual report · 2023-12-31
OwnershipThe parent company is XXL SPORT & VILLMARK AS, registered office in Oslo. — Morselskapetsnavn XXLSPORT&VILLMARKASAnnual report · 2023-12-31
Share capitalShare capital consists of 150 ordinary shares of NOK 1,000, total NOK 150,000. — Ordinaere 150 1000 150 000Annual report · 2023-12-31
Related partyShort-term debt to companies in the same group was NOK 7,000,000 at year end, down from NOK 14,000,000. — Samletbelopsomgjelderforetakisa...Annual report · 2023-12-31
Related partyNo loans or security have been granted to members of the governing bodies. — Det er ikke gitt lan eller sikkerhetsstillelse til medlemmer...Annual report · 2023-12-31
Skiwo · company_events
Tenders0 wins · 0 losses
No recorded tender wins.
Relevant open tenders — matched NACE 47.632 ↔ CPV
subscribers sharpen matches with per-company keywords
open-tender matching (NACE ↔ CPV) awaits Intelligo's open-tenders view
Doffin/TED · company_tender_wins · 2026-08-03
People3 roles
registered roles only · website-employee lookup awaits the crawler
Roles from Brreg, shown for business contact only. No birth date is shown or exported (purpose limitation, GDPR Art. 6(1)(f)).
Brreg · company_people
Structure
OWNERSHIP CHAIN · ULTIMATE → THIS
81%SOCIÉTÉ GÉNÉRALE
100%XXL AS
100%XXL SPORT & VILLMARK AS
self
Owned by ↑ · 1 holder
XXL SPORT & VILLMARK AS
100%Aksjonærregisteret · company_ownership · 2025 · both directions
LocationOslo
Oslo
municipality only · street address + coordinates not yet in Intelligo
Brreg · registered municipality