Organization
- CEO
- TG
Tormund Grimstad1966
- Chairman of the board
- SO
Stein Ove Østvik1965
- Years since formation
- 28 years
- since Dec 10, 1997
- Type
- Limited company
- VAT registered
- Yes
- Number of employees
- 13
Ownership
- Number of shares and share classes
- 1,000
- 1 share class
- Total number of shareholders
- 3
- 1 company, 2 persons
- Belongs to group of
Financials
- Total operating income 2024
- 139,657,315
- NOK
- Annual total result 2024
- 13,857,015
- NOK
- Total equity 2024
- 152,309,730
- NOK
Last update: Sep 9, 2025
Management
Management / administration
| Name | Role | Shares |
|---|---|---|
TG 1966 | Managing Director/CEO | 77 % directly |
Board
| Name | Role | Shares |
|---|---|---|
SO 1965 | Chairman | - |
TG 1966 | Deputy Chair | 77 % directly |
MR | Board Member | - |
PC | Board Member | - |
SR | Board Member | - |
Others
| Name | Role | Shares |
|---|---|---|
| Auditor | - | |
| Accountant | - |
Top 10 individual shareholders
| Name | Role | Shares |
|---|---|---|
TG 1966 | Managing Director/CEO, Deputy Chair | 77 % directly |
GA | - | 18.6 % directly |
Last update: Jan 16, 2025
Ownership
Company shareholders
| Name | Share class | Total number of shares | Share |
|---|---|---|---|
TG 1966 | Ordinary shares | 770 | 77 % |
GA | Ordinary shares | 186 | 18.6 % |
| Ordinary shares | 44 | 4.4 % |
Shares owned by the NORDNES AS
| Name | Share class | Total number of shares | Share |
|---|---|---|---|
| Ordinary shares | 30 | 100 % | |
| Ordinary shares | 1,500 | 100 % | |
| Ordinary shares | 1,000 | 100 % | |
| Ordinary shares | 2,000 | 100 % | |
| Ordinary shares | 2,530,000 | 50.3 % | |
| Ordinary shares | 44 | 4.4 % | |
| A-shares | 7 | 0.85 % |
Last update: Jun 2, 2025
Group structure
- Total operating income 2024: NOK 139,657,315Operating profit 2024: NOK 19,293,193Employees: 13
Financials
in NOK
Summary
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total operating income | 139,657,315 | 141,909,272 | 88,347,661 | 94,029,665 |
Annual Total Result | 13,857,015 | 7,700,580 | 9,350,001 | -2,696,764 |
Total assets | 619,799,751 | 589,437,687 | 531,538,021 | 557,896,925 |
Total liabilities | 467,490,021 | 450,506,972 | 415,420,891 | 450,629,797 |
Total equity | 152,309,730 | 138,930,715 | 116,117,130 | 107,267,128 |
P&L
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total operating income | 139,657,315 | 141,909,272 | 88,347,661 | 94,029,665 |
Total operating costs | 120,364,122 | 127,863,608 | 86,549,383 | 98,078,465 |
Operating result | 19,293,193 | 14,045,664 | 1,798,279 | -4,048,799 |
Financial income/costs | -1,810,633 | -5,263,772 | 9,407,396 | -778,369 |
Profit before tax | 17,482,560 | 8,781,892 | 11,205,674 | -4,827,168 |
Total tax & extraordinary income/cost | 3,625,545 | 1,081,312 | 1,855,673 | -2,130,404 |
Annual Total Result | 13,857,015 | 7,700,580 | 9,350,001 | -2,696,764 |
Balance overview
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total fixed assets | 559,337,375 | 428,471,216 | 463,974,140 | 490,332,521 |
Total current assets | 60,462,377 | 160,966,471 | 67,563,882 | 67,564,405 |
Total assets | 619,799,751 | 589,437,687 | 531,538,021 | 557,896,925 |
Short term debt | 57,097,248 | 48,035,890 | 18,599,569 | 23,651,624 |
Long term debt | 410,392,773 | 402,471,082 | 396,821,323 | 426,978,172 |
Total liabilities | 467,490,021 | 450,506,972 | 415,420,891 | 450,629,797 |
Contributed capital | 5,402,000 | 5,880,000 | 5,880,000 | 5,880,000 |
Retained earnings | 146,907,730 | 133,050,715 | 110,237,130 | 101,387,128 |
Total equity | 152,309,730 | 138,930,715 | 116,117,130 | 107,267,128 |
Total equity and liabilities | 619,799,751 | 589,437,687 | 531,538,021 | 557,896,925 |
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