Organization
- CEO
- HW
Hiwa Walid Aref1970
- Chairman of the board
- HW
Hiwa Walid Aref1970
- Years since formation
- 8 years
- since Oct 3, 2017
- Type
- Limited company
- VAT registered
- Yes
- Number of employees
- 0
Ownership
- Number of shares and share classes
- 100
- 1 share class
- Total number of shareholders
- 1
- person
Financials
- Total operating income 2024
- 1,753,820
- NOK
- Annual total result 2024
- -782
- NOK
- Total equity 2024
- 848,029
- NOK
Last update: Jun 10, 2025
Management
Management / administration
| Name | Role | Shares |
|---|---|---|
HW 1970 | Managing Director/CEO | 100 % directly |
Board
| Name | Role | Shares |
|---|---|---|
HW 1970 | Chairman | 100 % directly |
Others
| Name | Role | Shares |
|---|---|---|
| Accountant | - |
Top 10 individual shareholders
| Name | Role | Shares |
|---|---|---|
HW 1970 | Managing Director/CEO, Chairman | 100 % directly |
Last update: Apr 13, 2023
Ownership
Company shareholders
| Name | Share class | Total number of shares | Share |
|---|---|---|---|
HW 1970 | Ordinary shares | 100 | 100 % |
Last update: Jun 2, 2025
Financials
in NOK
Summary
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total operating income | 1,753,820 | 2,563,272 | 1,645,073 | 1,186,892 |
Annual Total Result | -782 | 537,458 | 100,366 | 123,367 |
Total assets | 1,075,971 | 1,227,713 | 691,706 | 532,484 |
Total liabilities | 227,941 | 378,902 | 380,353 | 321,497 |
Total equity | 848,029 | 848,811 | 311,353 | 210,987 |
P&L
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total operating income | 1,753,820 | 2,563,272 | 1,645,073 | 1,186,892 |
Total operating costs | 1,740,757 | 1,867,659 | 1,509,536 | 1,023,623 |
Operating result | 13,063 | 695,613 | 135,537 | 163,269 |
Financial income/costs | -2,825 | -6,068 | -6,862 | -4,942 |
Profit before tax | 10,238 | 689,545 | 128,675 | 158,327 |
Total tax & extraordinary income/cost | 11,020 | 152,087 | 28,309 | 34,960 |
Annual Total Result | -782 | 537,458 | 100,366 | 123,367 |
Balance overview
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total fixed assets | 93,230 | 125,195 | 147,635 | 194,257 |
Total current assets | 982,741 | 1,102,518 | 544,071 | 338,227 |
Total assets | 1,075,971 | 1,227,713 | 691,706 | 532,484 |
Short term debt | 222,283 | 370,902 | 266,597 | 177,387 |
Long term debt | 5,658 | 8,000 | 113,756 | 144,110 |
Total liabilities | 227,941 | 378,902 | 380,353 | 321,497 |
Contributed capital | 30,000 | 30,000 | 30,000 | 30,000 |
Retained earnings | 818,029 | 818,811 | 281,353 | 180,987 |
Total equity | 848,029 | 848,811 | 311,353 | 210,987 |
Total equity and liabilities | 1,075,970 | 1,227,713 | 691,706 | 532,484 |
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
F
Main industrial area
Construction
43
Activity
Specialised construction activities
43.3
Main industrial group
Building completion and finishing
43.34
Industrial group
Painting and glazing
43.341
Industrial group
Painting