KINGS BAY AS
Organization
- CEO
- HW
- Chairman of the board
- TI
Tor Instanes1972
- Years since formation
- 30 years
- since Mar 12, 1995
- Type
- Limited company
- VAT registered
- No
- Number of employees
- 47
Ownership
- Number of shares and share classes
- 7,000
- 1 share class
- Total number of shareholders
- 1
- company
- Belongs to group of
Financials
- Total operating income 2024
- 125,897,702
- NOK
- Annual total result 2024
- -9,422,640
- NOK
- Total equity 2024
- 17,508,146
- NOK
Last update: Sep 9, 2025
Management
Management / administration
| Name | Role | Shares |
|---|---|---|
HW | Managing Director/CEO | - |
Board
| Name | Role | Shares |
|---|---|---|
TI 1972 | Chairman | - |
HB | Board Member | - |
EB | Board Member | - |
BN | Board Member | - |
LB | Board Member | - |
Others
| Name | Role | Shares |
|---|---|---|
| Auditor | - |
Last update: Jun 26, 2025
Ownership
Company shareholders
| Name | Share class | Total number of shares | Share |
|---|---|---|---|
| Ordinary shares | 7,000 | 100 % |
Last update: Jun 2, 2025
Group structure
- Total operating income -: NOKOperating profit -: NOKEmployees: 282
Financials
in NOK
Summary
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total operating income | 125,897,702 | 126,032,698 | 102,673,051 | 82,216,617 |
Annual Total Result | -9,422,640 | 5,566,649 | -264,866 | -296,420 |
Total assets | 39,182,132 | 50,661,324 | 39,370,269 | 35,922,186 |
Total liabilities | 21,673,987 | 23,344,695 | 17,620,289 | 13,907,341 |
Total equity | 17,508,146 | 27,316,629 | 21,749,980 | 22,014,846 |
P&L
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total operating income | 125,897,702 | 126,032,698 | 102,673,051 | 82,216,617 |
Total operating costs | 135,794,947 | 119,973,542 | 102,901,204 | 82,287,405 |
Operating result | -9,897,245 | 6,059,156 | -228,153 | -70,788 |
Financial income/costs | 474,606 | 442,212 | -36,713 | -286,785 |
Profit before tax | -9,422,640 | 6,501,368 | -264,866 | -357,574 |
Total tax & extraordinary income/cost | 0 | 934,719 | 0 | -61,154 |
Annual Total Result | -9,422,640 | 5,566,649 | -264,866 | -296,420 |
Balance overview
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total fixed assets | 20,518 | 194,663 | 99,223 | -23,110 |
Total current assets | 39,161,614 | 50,466,661 | 39,271,046 | 35,945,297 |
Total assets | 39,182,132 | 50,661,324 | 39,370,269 | 35,922,186 |
Short term debt | 20,483,437 | 21,844,743 | 15,827,819 | 10,268,428 |
Long term debt | 1,190,550 | 1,499,952 | 1,792,470 | 3,638,912 |
Total liabilities | 21,673,987 | 23,344,695 | 17,620,289 | 13,907,341 |
Contributed capital | 7,000,000 | 7,000,000 | 7,000,000 | 7,000,000 |
Retained earnings | 10,508,146 | 20,316,629 | 14,749,980 | 15,014,846 |
Total equity | 17,508,146 | 27,316,629 | 21,749,980 | 22,014,846 |
Total equity and liabilities | 39,182,132 | 50,661,324 | 39,370,269 | 35,922,187 |
Classification
Type of organization
Limited company
Classification of institutional sector
INNL
Domestic sectors
A_IKKE-FIN
Non-financial corporations
1120
Public incorporated enterprises, owned by central government