CARTESIAN AS
Cartesian - Energy flexibility for the green transition
Cartesian unlocks the power of thermal energy storage to boost energy efficiency and rapidly reduce your carbon footprint.
Organization
- CEO
- FI
Frode Iglebæk1969
- Chairman of the board
- AJ
- Years since formation
- 2 years
- since Mar 7, 2023
- Type
- Limited company
- VAT registered
- Yes
- Number of employees
- 8
Ownership
- Number of shares and share classes
- 6,578,572
- 1 share class
- Total number of shareholders
- 9
- 8 companies, 1 person
Financials
- Total operating income 2024
- 6,859,619
- NOK
- Annual total result 2024
- -13,513,236
- NOK
- Total equity 2024
- 2,011,382
- NOK
Last update: Sep 13, 2025
Management
Management / administration
| Name | Role | Shares |
|---|---|---|
FI 1969 | Managing Director/CEO | 16.29 % indirectly |
Board
| Name | Role | Shares |
|---|---|---|
AJ | Chairman | - |
AF | Board Member | 1.24 % indirectly |
RB 1975 | Board Member | - |
BR 1969 | Observer | - |
| Observer | - |
Others
| Name | Role | Shares |
|---|---|---|
| Accountant | - | |
| Auditor | - |
Top 10 individual shareholders
| Name | Role | Shares |
|---|---|---|
| - | 16.29 % indirectly | |
FI 1969 | Managing Director/CEO | 16.29 % indirectly |
HS 1992 | - | 15.2 % indirectly |
ØN | - | 4.37 % indirectly |
| - | 1.24 % indirectly | |
| - | 1.24 % indirectly | |
AF | Board Member | 1.24 % indirectly |
Last update: Aug 8, 2025
Ownership
Company shareholders
| Name | Share class | Total number of shares | Share |
|---|---|---|---|
| Ordinary shares | 2,228,571 | 33.88 % | |
| Ordinary shares | 1,071,429 | 16.29 % | |
| Ordinary shares | 1,071,429 | 16.29 % | |
| Ordinary shares | 1,000,000 | 15.2 % | |
| Ordinary shares | 500,000 | 7.6 % | |
| Ordinary shares | 285,714 | 4.34 % | |
| Ordinary shares | 271,429 | 4.13 % | |
| Ordinary shares | 142,857 | 2.17 % | |
DK 1976 | Ordinary shares | 7,143 | 0.11 % |
Last update: Jun 2, 2025
Financials
in NOK
Summary
| Year | 2024 | 2023 |
|---|---|---|
Total operating income | 6,859,619 | 168,925 |
Annual Total Result | -13,513,236 | -2,925,385 |
Total assets | 10,056,306 | 21,409,368 |
Total liabilities | 8,044,924 | 5,934,751 |
Total equity | 2,011,382 | 15,474,618 |
P&L
| Year | 2024 | 2023 |
|---|---|---|
Total operating income | 6,859,619 | 168,925 |
Total operating costs | 20,733,057 | 3,119,736 |
Operating result | -13,873,438 | -2,950,811 |
Financial income/costs | 360,202 | 25,425 |
Profit before tax | -13,513,236 | -2,925,385 |
Total tax & extraordinary income/cost | 0 | 0 |
Annual Total Result | -13,513,236 | -2,925,385 |
Balance overview
| Year | 2024 | 2023 |
|---|---|---|
Total fixed assets | 4,692,003 | 5,491,343 |
Total current assets | 5,364,304 | 15,918,025 |
Total assets | 10,056,306 | 21,409,368 |
Short term debt | 3,044,924 | 5,934,751 |
Long term debt | 5,000,000 | 0 |
Total liabilities | 8,044,924 | 5,934,751 |
Contributed capital | 2,011,383 | 18,400,003 |
Retained earnings | 0 | -2,925,385 |
Total equity | 2,011,382 | 15,474,618 |
Total equity and liabilities | 10,056,306 | 21,409,368 |
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