NORDIC SPORTSMASTER AS

Treningsutstyr og treningsapparater til hjemmegym | Sportsmaster.no

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Organization

CEO: FI
Frode Ingvoldstad1958
Chairman of the board: NI
Nina Ingvoldstad Just1989
Years since formation: 10 years; since Oct 16, 2015
Type: Limited company
VAT registered: Yes
Number of employees: 24

Ownership

Number of shares and share classes: 1,000,000; 1 share class
Total number of shareholders: 29; 4 companies, 25 persons
Belongs to group of

Financials

Total operating income 2024: 128,968,116; NOK
Annual total result 2024: 5,646,683; NOK
Total equity 2024: 36,124,635; NOK

Last update: Sep 9, 2025

Management

Management / administration

Name	Role	Shares
FI Frode Ingvoldstad 1958	Managing Director/CEO	63.74 % indirectly

Board

Name	Role	Shares
PF Petter Fausko 1957	Board Member	6.25 % indirectly
FI Frode Ingvoldstad 1958	Board Member	63.74 % indirectly
NI Nina Ingvoldstad Just 1989	Chairman	-
JT John Tobias Quale Øvergaard 1978	Board Member	1.97 % directly
ES Elisabeth Sundgot-Borgen 1994	Board Member	7.03 % indirectly
HS Harald Sundgot Borgen 1986	Alternate Member	-

Others

Name	Role	Shares
B BDO AS	Auditor	-

Top 10 individual shareholders

Name	Role	Shares
FI Frode Ingvoldstad 1958	Managing Director/CEO, Board Member	63.74 % indirectly
CS Christine Sundgot-Borgen 1989	-	7.03 % indirectly
ES Elisabeth Sundgot-Borgen 1994	Board Member	7.03 % indirectly
SB Sundgot Borgen Harald 1986	-	7.03 % indirectly
PF Petter Fausko 1957	Board Member	6.25 % indirectly
KK Kjetil Kristiansen 1958	-	2.33 % directly
JT John Tobias Quale Øvergaard 1978	Board Member	1.97 % directly
RE Ragnhild Elise Walseth 1967	-	1.65 % directly
GB Gunnar Bolkesjø Herø 1965	-	1.55 % indirectly

Last update: Apr 2, 2024

Ownership

Company shareholders

Name	Share class	Total number of shares	Share
M MUGNETIND AS	Ordinary shares	637,370	63.74 %
H HCE INVEST AS	Ordinary shares	211,000	21.1 %
P PARADISO INVEST AS	Ordinary shares	62,500	6.25 %
KK Kjetil Kristiansen 1958	Ordinary shares	23,280	2.33 %
JT John Tobias Quale Øvergaard 1978	Ordinary shares	19,704	1.97 %
RE Ragnhild Elise Walseth 1967	Ordinary shares	16,452	1.65 %
H HERO TECHNOLOGY AS	Ordinary shares	15,500	1.55 %
TH Thomas Hagen 1985	Ordinary shares	4,052	0.41 %
NI Nina Ingvoldstad Just 1989	Ordinary shares	3,000	0.3 %
AB Anne Britt Ingvoldstad 1959	Ordinary shares	1,012	0.1 %
AO Annette Olbergsveen Tangnes 1993	Ordinary shares	1,000	0.1 %
HR Hanne Ranem Lind 1975	Ordinary shares	616	0.06 %
TS Tommy Solbakke 1970	Ordinary shares	604	0.06 %
MJ Mark Jeffrey Mechtenberg 1968	Ordinary shares	552	0.06 %
TS Tomas Sindal Kristensen 1981	Ordinary shares	552	0.06 %
JB Joachim Blatch 1979	Ordinary shares	476	0.05 %
ME Morten Emil S Gundersrud 1989	Ordinary shares	276	0.03 %
RA Robert Andre Bentzon-Malkenes 1985	Ordinary shares	240	0.02 %
RS Radoslaw Slawomir Fabisiak 1986	Ordinary shares	240	0.02 %
JW Julian Wahl 1988	Ordinary shares	220	0.02 %
AK André Kjærnet-Morstøl Jack 1992	Ordinary shares	212	0.02 %
LJ Lars Joel Dahlgren 1987	Ordinary shares	176	0.02 %
AR Andre Rodal 1985	Ordinary shares	176	0.02 %
ST Stian Tveit 1978	Ordinary shares	176	0.02 %
TG Tommy Gundersen 1966	Ordinary shares	176	0.02 %
JO Jørn Olav Jakobsen 1962	Ordinary shares	176	0.02 %
DR Dag Rune Martinsen 1959	Ordinary shares	128	< 0.01 %
SB Sverre Berg 1976	Ordinary shares	86	< 0.01 %
LE Lidsheim Engstrøm Stefan 1984	Ordinary shares	48	< 0.01 %

Shares owned by the NORDIC SPORTSMASTER AS

Name	Share class	Total number of shares	Share
F FITNESS BRANDS NORWAY AS	Ordinary shares	1,000	100 %

Last update: Jun 2, 2025

Group structure

MUGNETIND AS
Total operating income 2024: NOK 208,801
Operating profit 2024: NOK 157,913
Employees: 0

Financials

in NOK

Summary

Year	2024	2023	2022	2021
Total operating income	128,968,116	125,111,070	134,904,795	153,934,616
Annual Total Result	5,646,683	6,960,348	2,727,472	4,851,864
Total assets	68,805,196	61,643,848	63,810,492	66,763,646
Total liabilities	32,680,561	27,565,896	36,692,888	42,373,514
Total equity	36,124,635	34,077,952	27,117,604	24,390,132

P&L

Year	2024	2023	2022	2021
Total operating income	128,968,116	125,111,070	134,904,795	153,934,616
Total operating costs	121,144,866	115,317,293	130,240,517	146,351,880
Operating result	7,823,251	9,793,777	4,664,278	7,582,736
Financial income/costs	-568,582	-863,299	-1,163,971	-545,674
Profit before tax	7,254,669	8,930,477	3,500,306	7,037,062
Total tax & extraordinary income/cost	1,607,986	1,970,129	772,834	2,185,198
Annual Total Result	5,646,683	6,960,348	2,727,472	4,851,864

Balance overview

Year	2024	2023	2022	2021
Total fixed assets	17,590,113	17,386,644	17,607,820	17,862,598
Total current assets	51,215,083	44,257,204	46,202,673	48,901,048
Total assets	68,805,196	61,643,848	63,810,492	66,763,646
Short term debt	32,680,561	27,558,375	35,940,189	40,629,449
Long term debt	0	7,521	752,699	1,744,065
Total liabilities	32,680,561	27,565,896	36,692,888	42,373,514
Contributed capital	13,810,176	13,810,176	13,810,176	13,810,176
Retained earnings	22,314,460	20,267,777	13,307,429	10,579,956
Total equity	36,124,635	34,077,952	27,117,604	24,390,132
Total equity and liabilities	68,805,196	61,643,848	63,810,492	66,763,646

Classification

Type of organization

Limited company

Classification of institutional sector

INNL

Domestic sectors

A_IKKE-FIN

Non-financial corporations

2100

Private non-financial incorporated enterprises

NORDIC SPORTSMASTER AS915 995 551