CITYQ AS

Organization

CEO: MT
Morten Trygve Rynning1965
Chairman of the board: SB
Seshu Bhagavathula1957
Years since formation: 9 years; since Nov 16, 2016
Type: Limited company
VAT registered: Yes
Number of employees: 0

Ownership

Number of shares and share classes: 92,168; 1 share class
Total number of shareholders: 60; 9 companies, 51 persons

Financials

Total operating income 2024: 2,841,380; NOK
Annual total result 2024: -40,222,738; NOK
Total equity 2024: 2,580,880; NOK

Last update: Sep 9, 2025

Management

Management / administration

Name	Role	Shares
MT Morten Trygve Rynning 1965	Managing Director/CEO	43.99 % indirectly

Board

Name	Role	Shares
MT Morten Trygve Rynning 1965	Board Member	43.99 % indirectly
RM Ragnar Melbye Ek 1967	Board Member	17.8 % directly
SB Seshu Bhagavathula 1957	Chairman	-

Others

Name	Role	Shares
E EXACTA AS	Accountant	-
M MPR REVISJON AS	Auditor	-

Top 10 individual shareholders

Name	Role	Shares
MT Morten Trygve Rynning 1965	Managing Director/CEO, Board Member	43.99 % indirectly
RM Ragnar Melbye Ek 1967	Board Member	17.8 % directly

Last update: Sep 26, 2024

Ownership

Company shareholders

Name	Share class	Total number of shares	Share
M MEGALITT AS	Ordinary shares	40,541	43.99 %
RM Ragnar Melbye Ek 1967	Ordinary shares	16,403	17.8 %
K KNOWIT SOLUTIONS DATA & TECH AS	Ordinary shares	4,808	5.22 %
SB Seshu Bhagavathula	Ordinary shares	4,201	4.56 %
X Xenomatix	Ordinary shares	3,417	3.71 %
VD Van Dreumel Henk	Ordinary shares	1,544	1.68 %
DH Dr Hütwohl Gmbh	Ordinary shares	1,333	1.45 %
K KJELLER INNOVASJON AS	Ordinary shares	1,294	1.4 %
SR Sidney Ray	Ordinary shares	1,190	1.29 %
NP Nagendra P Bandaru	Ordinary shares	1,125	1.22 %
GS Gregor Schmit	Ordinary shares	1,007	1.09 %
I Innoventure	Ordinary shares	1,007	1.09 %
NL Nominees Limited Crowdcube	Ordinary shares	773	0.84 %
AE Andreas Egle Philip	Ordinary shares	717	0.78 %
AE Andreas Egle Werner	Ordinary shares	716	0.78 %
LN Limited Novazure	Ordinary shares	708	0.77 %
HO Heil Oliver	Ordinary shares	645	0.7 %
MM Munshi Mohmed	Ordinary shares	625	0.68 %
G GUNNAR HENDEN HOLDING AS	Ordinary shares	600	0.65 %
VJ Volland Joakim	Ordinary shares	500	0.54 %
M MELBYE-LARSEN INVEST AS	Ordinary shares	492	0.53 %
P PROPERO AS	Ordinary shares	473	0.51 %
MD Michael Duesing	Ordinary shares	402	0.44 %
MB Management Bv Ducatus	Ordinary shares	389	0.42 %
A ALLINNOVESTMENT AS	Ordinary shares	370	0.4 %
SK Sivashanmugham Kandaswamy Arumugham	Ordinary shares	356	0.39 %
EV Ekkehard Van Kameke	Ordinary shares	336	0.36 %
HH Heinz H Alexy	Ordinary shares	336	0.36 %
BK Büttner Klaus	Ordinary shares	336	0.36 %
JW Jenny Witt	Ordinary shares	323	0.35 %
F Fstec-Engineering	Ordinary shares	323	0.35 %
PR Poshner Ralph	Ordinary shares	322	0.35 %
AA Alexandre Avakiants	Ordinary shares	322	0.35 %
GI Gnanaprakash Investments Pvt Ltd	Ordinary shares	317	0.34 %
MD Max Dolata	Ordinary shares	316	0.34 %
SD Siddharth Deravakonda	Ordinary shares	289	0.31 %
PL Peng Lai Wai	Ordinary shares	281	0.3 %
HR Hunter Ross	Ordinary shares	281	0.3 %
TR Thomas Reyal	Ordinary shares	261	0.28 %
DH De Haas Pieter	Ordinary shares	256	0.28 %
RD Reinhart Dana	Ordinary shares	250	0.27 %
S SHELLSONS AS	Ordinary shares	240	0.26 %
HS Heiko Schaefer	Ordinary shares	238	0.26 %
AE Ag Exot	Ordinary shares	162	0.18 %
CP Cherukumilli Pramod	Ordinary shares	130	0.14 %
Q Quarterre	Ordinary shares	122	0.13 %
JC John Christopher Prentice	Ordinary shares	109	0.12 %
PG Portifolio Gmbh Folivaro	Ordinary shares	104	0.11 %
KM Karan Maleki	Ordinary shares	100	0.11 %
MM Maikel Makdisi-Somi	Ordinary shares	100	0.11 %
RN Rhyzome Networks Ltd	Ordinary shares	86	0.09 %
TW Therese Wilhelmsen	Ordinary shares	73	0.08 %
LJ Liberty Jai Ltd	Ordinary shares	72	0.08 %
EA Enterprises Ab Felicitas	Ordinary shares	67	0.07 %
KM Kauffman Maximillian	Ordinary shares	65	0.07 %
PK Philipp Kauffmann Dr	Ordinary shares	65	0.07 %
AH Aubrey Heim Ltd	Ordinary shares	65	0.07 %
WU Weibrecht-Bilek Ursel	Ordinary shares	65	0.07 %
J JL INVESTMENT AS	Ordinary shares	60	0.07 %
JI Jarl Ivar Johnsen 1963	Ordinary shares	60	0.07 %

Last update: Jun 2, 2025

Financials

in NOK

Summary

Year	2024	2023	2022	2021
Total operating income	2,841,380	1,484,912	1,797,271	1,683,773
Annual Total Result	-40,222,738	-1,757,383	-694,261	-2,514,407
Total assets	21,853,620	29,152,269	15,047,968	5,920,985
Total liabilities	19,272,740	6,249,806	4,744,912	5,599,019
Total equity	2,580,880	22,902,462	10,303,056	321,966

P&L

Year	2024	2023	2022	2021
Total operating income	2,841,380	1,484,912	1,797,271	1,683,773
Total operating costs	7,508,544	5,373,388	2,263,165	4,194,080
Operating result	-4,667,163	-3,888,476	-465,895	-2,510,307
Financial income/costs	-36,292,423	-132,058	-228,366	-4,100
Profit before tax	-40,959,586	-4,020,534	-694,261	-2,514,407
Total tax & extraordinary income/cost	-736,848	-2,263,151	0	0
Annual Total Result	-40,222,738	-1,757,383	-694,261	-2,514,407

Balance overview

Year	2024	2023	2022	2021
Total fixed assets	20,263,627	10,849,977	10,656,190	4,626,357
Total current assets	1,589,993	18,302,292	4,391,777	1,294,628
Total assets	21,853,620	29,152,269	15,047,968	5,920,985
Short term debt	7,587,442	2,028,568	1,037,434	1,891,541
Long term debt	11,685,298	4,221,238	3,707,478	3,707,478
Total liabilities	19,272,740	6,249,806	4,744,912	5,599,019
Contributed capital	49,408,500	29,507,345	15,150,556	4,475,204
Retained earnings	-46,827,620	-6,604,882	-4,847,500	-4,153,239
Total equity	2,580,880	22,902,462	10,303,056	321,966
Total equity and liabilities	21,853,620	29,152,269	15,047,968	5,920,985

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

CITYQ AS918 053 557

CITYQ AS

Organization

Ownership

Financials

Management

Management / administration

Board

Others

Top 10 individual shareholders

Ownership

Company shareholders

Financials

Summary

P&L

Balance overview

Classification