SETHO FISKERISELSKAP AS • 993185523 • Flekkerøy • Fishing and aquaculture

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/ Sea and coastal fishing

/ 03.111 Ocean and coastal water fishing

SETHO FISKERISELSKAP AS

Keywords

catchingicingsaltingfreezingprocessingthe catching vesselline designseaweedkelp

Organization

CEO: TG
Thor Gunnar Martinsen1975
Chairman of the board: SR
Severin Reinertsen1983
Years since formation: 17 years; since Oct 23, 2008
Type: Limited company
VAT registered: Yes
Number of employees: 8

Ownership

Number of shares and share classes: 1,000; 1 share class
Total number of shareholders: 5; 3 companies, 2 persons
Belongs to group of

Financials

Total operating income 2024: 39,893,404; NOK
Annual total result 2024: 1,171,101; NOK
Total equity 2024: 24,220,792; NOK

Last update: Jun 14, 2025

Management

Management / administration

Name	Role	Shares
TG Thor Gunnar Martinsen 1975	Managing Director/CEO	26.5 % indirectly

Board

Name	Role	Shares
SR Severin Reinertsen 1983	Chairman	26.5 % indirectly
TG Thor Gunnar Martinsen 1975	Board Member	26.5 % indirectly
TI Thomas Ingebret Martinsen 1981	Board Member	20.6 % directly
OP Ove Pettersen 1957	Board Member	8 % indirectly
SA Svein Arne Lunde 1970	Board Member	2.4 % directly

Others

Name	Role	Shares
K KRS REVISJON AS	Auditor	-
F FISKERISERVICE AS	Accountant	-

Top 10 individual shareholders

Name	Role	Shares
SR Severin Reinertsen 1983	Chairman	26.5 % indirectly
TG Thor Gunnar Martinsen 1975	Managing Director/CEO, Board Member	26.5 % indirectly
TI Thomas Ingebret Martinsen 1981	Board Member	20.6 % directly
OP Ove Pettersen 1957	Board Member	8 % indirectly
BK Birger Kristoffersen 1967	-	8 % indirectly
KP Kurt Pettersen 1960	-	8 % indirectly
SA Svein Arne Lunde 1970	Board Member	2.4 % directly

Last update: Apr 13, 2023

Ownership

Company shareholders

Name	Share class	Total number of shares	Share
S SVÅHOLM AS	Ordinary shares	265	26.5 %
T TGTRÅL AS	Ordinary shares	265	26.5 %
P PIRAJA INVEST AS	Ordinary shares	240	24 %
TI Thomas Ingebret Martinsen 1981	Ordinary shares	206	20.6 %
SA Svein Arne Lunde 1970	Ordinary shares	24	2.4 %

Shares owned by the SETHO FISKERISELSKAP AS

Name	Share class	Total number of shares	Share
K KONRAD NILSEN & SØNN AS	Ordinary shares	100	100 %
F FISKERISERVICE AS	Ordinary shares	15	15 %

Last update: Jun 2, 2025

Group structure

SETHO FISKERISELSKAP AS
Total operating income 2024: NOK 39,893,404
Operating profit 2024: NOK 9,117,704
Employees: 8

Financials

in NOK

Summary

Year	2024	2023	2022	2021
Total operating income	39,893,404	30,446,325	19,613,045	18,288,138
Annual Total Result	1,171,101	-1,689,926	-4,246,815	637,873
Total assets	127,076,782	126,058,884	125,578,107	49,404,034
Total liabilities	102,855,990	103,009,193	100,838,490	22,717,601
Total equity	24,220,792	23,049,691	24,739,617	26,686,432

P&L

Year	2024	2023	2022	2021
Total operating income	39,893,404	30,446,325	19,613,045	18,288,138
Total operating costs	30,775,700	24,952,128	18,337,659	15,747,147
Operating result	9,117,704	5,494,197	1,275,386	2,540,991
Financial income/costs	-7,223,666	-8,106,902	-6,299,125	-1,723,205
Profit before tax	1,894,038	-2,612,705	-5,023,739	817,786
Total tax & extraordinary income/cost	722,937	-922,779	-776,924	179,913
Annual Total Result	1,171,101	-1,689,926	-4,246,815	637,873

Balance overview

Year	2024	2023	2022	2021
Total fixed assets	108,209,964	112,609,734	115,529,046	44,142,449
Total current assets	18,866,818	13,449,150	10,049,061	5,261,585
Total assets	127,076,782	126,058,884	125,578,107	49,404,034
Short term debt	8,984,606	5,676,692	3,513,002	2,078,738
Long term debt	93,871,384	97,332,501	97,325,488	20,638,863
Total liabilities	102,855,990	103,009,193	100,838,490	22,717,601
Contributed capital	19,792,400	19,792,400	19,792,400	17,492,400
Retained earnings	4,428,392	3,257,291	4,947,217	9,194,032
Total equity	24,220,792	23,049,691	24,739,617	26,686,432
Total equity and liabilities	127,076,782	126,058,884	125,578,107	49,404,034

Classification

Category

/ Sea and coastal fishing

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

A

Main industrial area

Agriculture, forestry and fishing

03

Activity

Fishing and aquaculture

03.1

Main industrial group

Fishing

03.11

Industrial group

Marine fishing

03.111

Industrial group

Ocean and coastal water fishing