KALBAKKEN UTVIKLING AS

Operating

Vika Project Finance – Investment opportunities in the Nordic real estate market

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Organization

Chairman of the board: FL
Fredrik Leonthin1975
Years since formation: 6 years; since Oct 7, 2020
Type: Limited company
VAT registered: Yes
Number of employees: 0

Ownership

Number of shares and share classes: 10,000; 2 share classes
Total number of shareholders: 12; 10 companies, 2 persons
Belongs to group of

Financials

Annual total result 2024: -798,770; NOK
Total equity 2024: 140,430,891; NOK

Last update: Feb 8, 2026

Locations

Company address
c/o ABG Business Management AS Ruseløkkveien 26 0251 OSLO, Norge
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Postal address
c/o ABG Business Management AS Postboks 1444 Vika 0115 OSLO, Norge
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Management

Board

Name	Role	Shares
A ABG BUSINESS MANAGEMENT AS	Business Manager	-
FL Fredrik Leonthin 1975	Chairman	1.6 % indirectly
SB Stig Børger Bratlie 1965	Board Member	-
KM Karen Marie Vasli 1979	Board Member	-
AF Anne-Nina Finvold 1971	Board Member	8 % indirectly

Others

Name	Role	Shares
F FIGURAS AS	Auditor	-
A ABG BUSINESS MANAGEMENT AS	Accountant	-

Top 10 individual shareholders

Name	Role	Shares
AF Anne-Nina Finvold 1971	Board Member	8 % indirectly
ØR Øystein Ragnar Finvold 1973	-	8 % indirectly
ØM Øyvind Moen Finvold 1997	-	8 % indirectly
EM Elisabeth Moltke-Hansen 1956	-	5 % directly
OD Ole Dag Rustad 1954	-	3.4 % indirectly
EH Elisabeth Hammersbøen Rustad 1983	-	3.3 % indirectly
MH Mona Hammersbøen Rustad 1986	-	3.3 % indirectly
CB Christina Borgen Leonthin 1978	-	3 % indirectly
AB Anniken Borgen 1983	-	3 % indirectly
PB Pia Borgen Krafft 1981	-	3 % indirectly

Last update: Jul 17, 2024

Ownership

Company shareholders

Name	Share class	Total number of shares	Share
F FANG AKTIVT EIERSKAP AS	Class B shares	3,500	35 %
E ENØK CONSULT AS	A-shares	2,500	25 %
A ARVO INVEST AS	A-shares	1,000	10 %
L LEO HOLDING AS	A-shares	800	8 %
EM Elisabeth Moltke-Hansen 1956	A-shares	500	5 %
A ABG PROJECT FINANCE AS Closed	A-shares	450	4.5 %
N NUTZ INVEST AS	A-shares	300	3 %
M MNT INVEST AS	A-shares	300	3 %
R RIVER INVEST AS	A-shares	300	3 %
B BAB EIENDOM AS	A-shares	200	2 %
H HØVIK INDUSTRIER AS	A-shares	100	1 %
RN Ragnar Nesdal 1965	A-shares	50	0.5 %

Shares owned by the KALBAKKEN UTVIKLING AS

Name	Share class	Total number of shares	Share
K KALBAKKVEIEN 6 AS	Ordinary shares	1,000	100 %
K KALBAKKEN AS	Ordinary shares	1,321	100 %

Last update: Jun 2, 2025

Group structure

KALBAKKEN UTVIKLING AS
Total operating income 2024: NOK 0
Operating profit 2024: NOK -655,330
Employees: 0

Financials

in NOK

Summary

Year	2024	2023	2022	2021
Total operating income	0	0	0	0
Annual Total Result	-798,770	-11,127,394	-6,824,676	15
Total assets	467,509,040	457,830,590	459,109,217	25,670
Total liabilities	327,078,149	316,600,929	306,704,063	0
Total equity	140,430,891	141,229,660	152,405,154	25,670

P&L

Year	2024	2023	2022	2021
Total operating income	0	0	0	0
Total operating costs	655,330	448,426	196,536	0
Operating result	-655,330	-448,426	-196,536	0
Financial income/costs	-372,365	-11,109,816	-8,553,049	19
Profit before tax	-1,027,695	-11,558,243	-8,749,585	19
Total tax & extraordinary income/cost	-228,925	-430,849	-1,924,909	4
Annual Total Result	-798,770	-11,127,394	-6,824,676	15

Balance overview

Year	2024	2023	2022	2021
Total fixed assets	436,650,620	437,231,320	440,943,917	1,221
Total current assets	30,858,419	20,599,269	18,165,300	24,449
Total assets	467,509,040	457,830,590	459,109,217	25,670
Short term debt	6,512,104	5,301,164	2,448,082	0
Long term debt	320,566,045	311,299,765	304,255,981	0
Total liabilities	327,078,149	316,600,929	306,704,063	0
Contributed capital	159,180,490	159,180,490	159,228,590	24,430
Retained earnings	-18,749,599	-17,950,830	-6,823,436	1,240
Total equity	140,430,891	141,229,660	152,405,154	25,670
Total equity and liabilities	467,509,040	457,830,590	459,109,217	25,670

Classification

21st company classification

BETA

Small company

Type of organization

Limited company

Classification of institutional sector

INNL

Domestic sectors

A_IKKE-FIN

Non-financial corporations

2100

Private non-financial incorporated enterprises

KALBAKKEN UTVIKLING AS925 757 799