TIME WATCHES AS
Organization
- CEO
- UM
Umaid Mahmood1986
- Chairman of the board
- IB
Ingelin Barstad1983
- Years since formation
- 5 years
- since Sep 4, 2020
- Type
- Limited company
- VAT registered
- Yes
- Number of employees
- 0
Ownership
- Number of shares and share classes
- 100
- 1 share class
- Total number of shareholders
- 2
- persons
Financials
- Total operating income 2023
- 50,912,428
- NOK
- Annual total result 2023
- 328,598
- NOK
- Total equity 2023
- 818,471
- NOK
Last update: Sep 9, 2025
Management
Management / administration
| Name | Role | Shares |
|---|---|---|
UM 1986 | Managing Director/CEO | - |
Board
| Name | Role | Shares |
|---|---|---|
IB 1983 | Chairman | 90 % directly |
UM 1986 | Board Member | - |
Others
| Name | Role | Shares |
|---|---|---|
| Auditor | - | |
| Accountant | - |
Top 10 individual shareholders
| Name | Role | Shares |
|---|---|---|
IB 1983 | Chairman | 90 % directly |
MU 1986 | - | 10 % directly |
Last update: Jun 27, 2025
Ownership
Company shareholders
| Name | Share class | Total number of shares | Share |
|---|---|---|---|
IB 1983 | Ordinary shares | 90 | 90 % |
MU 1986 | Ordinary shares | 10 | 10 % |
Last update: Jun 2, 2025
Financials
in NOK
Summary
| Year | 2023 | 2022 | 2021 |
|---|---|---|---|
Total operating income | 50,912,428 | 54,638,376 | 24,416,425 |
Annual Total Result | 328,598 | 665,690 | 102,590 |
Total assets | 5,626,038 | 1,580,963 | 1,766,181 |
Total liabilities | 4,807,566 | 762,565 | 1,613,473 |
Total equity | 818,471 | 818,398 | 152,708 |
P&L
| Year | 2023 | 2022 | 2021 |
|---|---|---|---|
Total operating income | 50,912,428 | 54,638,376 | 24,416,425 |
Total operating costs | 49,835,836 | 53,780,151 | 24,274,331 |
Operating result | 1,076,592 | 858,224 | 142,094 |
Financial income/costs | -643,934 | 41,793 | 0 |
Profit before tax | 432,659 | 900,018 | 142,094 |
Total tax & extraordinary income/cost | 104,061 | 234,328 | 39,504 |
Annual Total Result | 328,598 | 665,690 | 102,590 |
Balance overview
| Year | 2023 | 2022 | 2021 |
|---|---|---|---|
Total fixed assets | 226,821 | 304,977 | 69,436 |
Total current assets | 5,399,217 | 1,275,986 | 1,696,745 |
Total assets | 5,626,038 | 1,580,963 | 1,766,181 |
Short term debt | 4,697,781 | 755,798 | 1,613,473 |
Long term debt | 109,785 | 6,767 | 0 |
Total liabilities | 4,807,566 | 762,565 | 1,613,473 |
Contributed capital | 24,430 | 24,430 | 24,430 |
Retained earnings | 794,041 | 793,968 | 128,278 |
Total equity | 818,471 | 818,398 | 152,708 |
Total equity and liabilities | 5,626,037 | 1,580,963 | 1,766,181 |
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