FRODE AS
Organization
- CEO
- ML
Martin Leon Værø1994
- Chairman of the board
- ML
Martin Leon Værø1994
- Years since formation
- 9 years
- since Nov 23, 2016
- Type
- Limited company
- VAT registered
- Yes
- Number of employees
- 0
Ownership
- Number of shares and share classes
- 160,000
- 1 share class
- Total number of shareholders
- 1
- person
Financials
- Total operating income 2024
- 7,305,191
- NOK
- Annual total result 2024
- 864,657
- NOK
- Total equity 2024
- 4,030,292
- NOK
Last update: Sep 9, 2025
Management
Management / administration
| Name | Role | Shares |
|---|---|---|
ML 1994 | Managing Director/CEO | 100 % directly |
Board
| Name | Role | Shares |
|---|---|---|
ML 1994 | Chairman | 100 % directly |
Others
| Name | Role | Shares |
|---|---|---|
| Accountant | - | |
| Auditor | - |
Top 10 individual shareholders
| Name | Role | Shares |
|---|---|---|
ML 1994 | Managing Director/CEO, Chairman | 100 % directly |
Last update: Sep 16, 2024
Ownership
Company shareholders
| Name | Share class | Total number of shares | Share |
|---|---|---|---|
ML 1994 | Ordinary shares | 160,000 | 100 % |
Shares owned by the FRODE AS
| Name | Share class | Total number of shares | Share |
|---|---|---|---|
| Ordinary shares | 196 | 49 % |
Last update: Jun 2, 2025
Financials
in NOK
Summary
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total operating income | 7,305,191 | 7,932,702 | 6,196,539 | 2,337,671 |
Annual Total Result | 864,657 | 920,317 | 1,875,910 | -41,631 |
Total assets | 8,804,825 | 8,481,158 | 8,348,211 | 2,254,412 |
Total liabilities | 4,774,533 | 5,315,524 | 6,102,892 | 1,885,004 |
Total equity | 4,030,292 | 3,165,635 | 2,245,318 | 369,408 |
P&L
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total operating income | 7,305,191 | 7,932,702 | 6,196,539 | 2,337,671 |
Total operating costs | 5,994,850 | 6,568,760 | 3,676,151 | 2,339,279 |
Operating result | 1,310,341 | 1,363,942 | 2,520,388 | -1,607 |
Financial income/costs | -201,807 | -184,049 | -115,376 | -51,766 |
Profit before tax | 1,108,534 | 1,179,893 | 2,405,012 | -53,373 |
Total tax & extraordinary income/cost | 243,877 | 259,576 | 529,102 | -11,742 |
Annual Total Result | 864,657 | 920,317 | 1,875,910 | -41,631 |
Balance overview
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total fixed assets | 5,909,128 | 6,317,603 | 5,736,086 | 1,387,609 |
Total current assets | 2,895,697 | 2,163,556 | 2,612,124 | 866,803 |
Total assets | 8,804,825 | 8,481,158 | 8,348,211 | 2,254,412 |
Short term debt | 1,168,019 | 1,388,424 | 1,919,212 | 650,312 |
Long term debt | 3,606,514 | 3,927,099 | 4,183,680 | 1,234,692 |
Total liabilities | 4,774,533 | 5,315,524 | 6,102,892 | 1,885,004 |
Contributed capital | 160,000 | 160,000 | 160,000 | 160,000 |
Retained earnings | 3,870,292 | 3,005,635 | 2,085,318 | 209,408 |
Total equity | 4,030,292 | 3,165,635 | 2,245,318 | 369,408 |
Total equity and liabilities | 8,804,825 | 8,481,158 | 8,348,211 | 2,254,412 |
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