FRELSESARMEENS NÆRINGSEIENDOM AS • 912091643 • Oslo • Real estate activities

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Goods and trade

/ 68.209 Other letting of real estate

FRELSESARMEENS NÆRINGSEIENDOM AS

Keywords

apartmentsrentalagricultural landagricultural properties

Organization

CEO: FÅ
Frode Åsenden1960
Chairman of the board: KD
Knud David Welander1961
Years since formation: 30 years; since Feb 19, 1995
Type: Limited company
VAT registered: Yes
Number of employees: 0

Ownership

Number of shares and share classes: 125; 1 share class
Total number of shareholders: 1; company
Belongs to group of

Financials

Total operating income 2024: 22,637,990; NOK
Annual total result 2024: 20,228,949; NOK
Total equity 2024: 53,378,638; NOK

Last update: Jun 18, 2025

Management

Management / administration

Name	Role	Shares
FÅ Frode Åsenden 1960	Managing Director/CEO	-

Board

Name	Role	Shares
KD Knud David Welander 1961	Chairman	-
PM Paul Martin Brakstad Waters 1964	Deputy Chair	-
HE Hallvard Eidheim 1970	Board Member	-
GS Geir Smith-Solevåg 1980	Board Member	-
WW Wenche Walderhaug Midjord 1966	Board Member	-
ØM Ørjan Milde Amland 1973	Board Member	-
UH Ulf Henrik Bååth 1968	Board Member	-
KØ Kolbjørn Ørsnes 1962	Board Member	-

Others

Name	Role	Shares
D DELOITTE AS	Auditor	-

Last update: Oct 26, 2024

Ownership

Company shareholders

Name	Share class	Total number of shares	Share
F FRELSESARMEEN	Ordinary shares	125	100 %

Shares owned by the FRELSESARMEENS NÆRINGSEIENDOM AS

Name	Share class	Total number of shares	Share
B BRÅTENGATA 66 AS	Ordinary shares	50	50 %

Last update: Jun 2, 2025

Group structure

FRELSESARMEEN
Total operating income -: NOK
Operating profit -: NOK
Employees: 2418

Financials

in NOK

Summary

Year	2024	2023	2022	2021
Total operating income	22,637,990	21,760,018	65,608,065	30,490,617
Annual Total Result	20,228,949	-5,371,559	34,376,009	6,809,816
Total assets	231,434,403	228,150,815	245,623,929	224,441,437
Total liabilities	178,055,766	195,001,127	207,102,681	220,296,198
Total equity	53,378,638	33,149,688	38,521,248	4,145,239

P&L

Year	2024	2023	2022	2021
Total operating income	22,637,990	21,760,018	65,608,065	30,490,617
Total operating costs	18,087,297	19,424,685	13,476,447	14,091,835
Operating result	4,550,693	2,335,333	52,131,618	16,398,782
Financial income/costs	14,962,953	-8,463,635	-7,393,823	-7,127,810
Profit before tax	19,513,646	-6,128,302	44,737,795	9,270,972
Total tax & extraordinary income/cost	-715,303	-756,743	10,361,786	2,461,156
Annual Total Result	20,228,949	-5,371,559	34,376,009	6,809,816

Balance overview

Year	2024	2023	2022	2021
Total fixed assets	211,385,446	226,701,200	235,676,000	222,297,292
Total current assets	20,048,957	1,449,615	9,947,929	2,144,145
Total assets	231,434,403	228,150,815	245,623,929	224,441,437
Short term debt	2,255,110	2,623,324	1,601,492	1,862,164
Long term debt	175,800,656	192,377,803	205,501,189	218,434,034
Total liabilities	178,055,766	195,001,127	207,102,681	220,296,198
Contributed capital	100,000	100,000	100,000	100,000
Retained earnings	53,278,638	33,049,688	38,421,248	4,045,239
Total equity	53,378,638	33,149,688	38,521,248	4,145,239
Total equity and liabilities	231,434,404	228,150,815	245,623,929	224,441,437

Classification

Category

Goods and trade

Type of organization

Limited company

Classification of institutional sector

INNL

Domestic sectors

A_IKKE-FIN

Non-financial corporations

2100

Private non-financial incorporated enterprises

Standard industrial classification

L

Main industrial area

Real estate activities

68

Activity

Real estate activities

68.2

Main industrial group

Renting and operating of own or leased real estate

68.20

Industrial group

Renting and operating of own real estate

68.209

Industrial group

Other letting of real estate