Organization
- CEO
- TO
Torstein Olsen1988
- Chairman of the board
- TO
Torstein Olsen1988
- Years since formation
- 10 years
- since Sep 18, 2015
- Type
- Limited company
- VAT registered
- Yes
- Number of employees
- 0
Ownership
- Number of shares and share classes
- 30,000
- 1 share class
- Total number of shareholders
- 1
- person
Financials
- Total operating income 2024
- 1,230,094
- NOK
- Annual total result 2024
- 159,253
- NOK
- Total equity 2024
- 39,555
- NOK
Last update: Sep 9, 2025
Management
Management / administration
| Name | Role | Shares |
|---|---|---|
TO 1988 | Managing Director/CEO | 100 % directly |
Board
| Name | Role | Shares |
|---|---|---|
TO 1988 | Chairman | 100 % directly |
Others
| Name | Role | Shares |
|---|---|---|
| Accountant | - |
Top 10 individual shareholders
| Name | Role | Shares |
|---|---|---|
TO 1988 | Managing Director/CEO, Chairman | 100 % directly |
Last update: Apr 13, 2023
Ownership
Company shareholders
| Name | Share class | Total number of shares | Share |
|---|---|---|---|
TO 1988 | Ordinary shares | 30,000 | 100 % |
Last update: Jun 2, 2025
Financials
in NOK
Summary
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total operating income | 1,230,094 | 2,582,989 | 4,427,234 | 2,633,230 |
Annual Total Result | 159,253 | 15,797 | -73,893 | -49,380 |
Total assets | 296,289 | 253,887 | 934,723 | 772,012 |
Total liabilities | 256,734 | 373,585 | 1,070,217 | 833,613 |
Total equity | 39,555 | -119,698 | -135,494 | -61,601 |
P&L
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total operating income | 1,230,094 | 2,582,989 | 4,427,234 | 2,633,230 |
Total operating costs | 1,010,442 | 2,553,661 | 4,507,912 | 2,681,308 |
Operating result | 219,652 | 29,328 | -80,679 | -48,078 |
Financial income/costs | -15,481 | -9,077 | -14,076 | -15,230 |
Profit before tax | 204,171 | 20,252 | -94,755 | -63,308 |
Total tax & extraordinary income/cost | 44,918 | 4,455 | -20,862 | -13,928 |
Annual Total Result | 159,253 | 15,797 | -73,893 | -49,380 |
Balance overview
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total fixed assets | 96,396 | 120,087 | 161,342 | 177,280 |
Total current assets | 199,893 | 133,800 | 773,381 | 594,732 |
Total assets | 296,289 | 253,887 | 934,723 | 772,012 |
Short term debt | 256,734 | 373,585 | 1,070,217 | 833,613 |
Long term debt | 0 | 0 | 0 | 0 |
Total liabilities | 256,734 | 373,585 | 1,070,217 | 833,613 |
Contributed capital | 30,000 | 30,000 | 30,000 | 30,000 |
Retained earnings | 9,555 | -149,698 | -165,494 | -91,601 |
Total equity | 39,555 | -119,698 | -135,494 | -61,601 |
Total equity and liabilities | 296,289 | 253,887 | 934,723 | 772,012 |
Classification
Category
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
N
Main industrial area
Administrative and support service activities
77
Activity
Rental and leasing activities
77.3
Main industrial group
Renting and leasing of other machinery, equipment and tangible goods
77.32
Industrial group
Renting and leasing of construction and civil engineering machinery and equipment
77.320
Industrial group
Renting and leasing of construction and civil engineering machinery and equipment