MERKANTILBYGG HOLDING AS

Operating

Kjøp og salg av fast eiendom, utleie av fast eiendom og det som naturlig hører inn under slik virksomhet samt ha interesser i annen virksomhet.

Holdingselskap.

Organization

CEO: TB
Thorodd Bakken1972
Chairman of the board: BB
Bjarte Bøe1957
Years since formation: 31 years; since Feb 19, 1995
Type: Limited company
VAT registered: Yes
Number of employees: 0

Ownership

Number of shares and share classes: 100,000; 2 share classes
Total number of shareholders: 2; 1 company, 1 person
Belongs to group of

Financials

Total operating income 2025: 12,523,789; NOK
Annual total result 2025: 457,506,343; NOK
Total equity 2025: 1,374,278,505; NOK

Last update: Oct 10, 2026

Management

Management / administration

Name	Role	Shares
TB Thorodd Bakken 1972	Managing Director/CEO	-

Board

Name	Role	Shares
BB Bjarte Bøe 1957	Chairman	-
PG Pål Georg Gundersen 1952	Board Member	-
TS Tone Skjellaug Gundersen 1970	Board Member	-
M MALLING & CO FORVALTNING AS	Business Manager	-

Others

Name	Role	Shares
B BDO AS	Auditor	-
M MALLING & CO FORVALTNING AS	Accountant	-

Top 10 individual shareholders

Name	Role	Shares
GG Georg Gundersen Pål 1952	-	29.56 % directly 0.1 % indirectly 29.46 %
CG Camilla Gjøstøl Tine 1979	-	6.22 % indirectly
CG Cecilie Gjøstøl Wiser Ane 1982	-	6.22 % indirectly
SG Skjellaug Gundersen Leo 2006	-	3.9 % indirectly
SG Skjellaug Gundersen Linea 2007	-	3.9 % indirectly
SG Skjellaug Gundersen Tone 1970	-	1.17 % indirectly

Last update: Apr 14, 2026

Ownership

Company shareholders

Name	Share class	Total number of shares	Share
P P. G. GUNDERSEN GRUPPEN AS	Class B shares	99,900	99.9 %
GG Georg Gundersen Pål 1952	A-shares	100	0.1 %

Shares owned by the MERKANTILBYGG HOLDING AS

Name	Share class	Total number of shares	Share
C CITY HOUSING HINNA AS Closed	Ordinary shares	1,000	100 %
C CONRADIS GATE 6 AS Closed	Ordinary shares	30,000	100 %
T THERESESGATE 20 AS Closed	Ordinary shares	100,000	100 %
F FRYDENLUNDSGATE 2 AS Closed	Ordinary shares	1,000	100 %
G GARDEVEIEN 2 AS Closed	Ordinary shares	2,400	100 %
U ULLERÅLSGATA 2-4 AS	Ordinary shares	110	100 %
B BJØRNVEIEN AS	Ordinary shares	74,000	100 %
L LYSEREN STRANDPARK AS	Ordinary shares	5,000	100 %
M MB PROPERTY 2 AS	Ordinary shares	1,000	100 %
S SILUR EIENDOM AS	Ordinary shares	1,000	100 %
C CARL BERNERS PLASS EIENDOMSMEGLING AS	Ordinary shares	100	100 %
G GEILOGRUPPEN AS	Ordinary shares	10,000	100 %
M MB TBD 2 AS	Ordinary shares	1,000	100 %
H HIGHLAND LODGE FJELLANDSBY AS	Ordinary shares	200	100 %
G GRINIDAMMEN 10 AS	Ordinary shares	1,000	100 %
K KIØSTERUDGÅRDEN AS	Ordinary shares	30	100 %
M MB TBD 3 AS	Ordinary shares	30	100 %
T TOLLBODEN PORSGRUNN AS	Ordinary shares	1,000	100 %
G GUNDERSEN COLLECTION FINE ART AS	Ordinary shares	103,869	100 %
S SORGENFRIGATEN 4 AS	Ordinary shares	3,600	100 %
M MELKØYVEIEN HAMMERFEST AS	Ordinary shares	30	100 %
M MIDDELTHUNS GATE 12 AS	Ordinary shares	30,000	100 %
A ARNEGÅRDSVEIEN 1 AS	Ordinary shares	100	100 %
F FJELLHYLLE AS	Ordinary shares	1,000	100 %
K KASTELLVEIEN 19 AS	Ordinary shares	1,000	100 %
M MB PROPERTY 1 AS	Ordinary shares	3,000	100 %
M MBH CAPITAL AS	Ordinary shares	1,000	100 %
F FAGERBORGGATEN 50 GARASJER AS	Ordinary shares	100	100 %
H HUITFELDTS GATE 19 AS	Ordinary shares	100	100 %
S SØNDRE GATE 8 SEKSJON AS	Ordinary shares	100	100 %
S SØNDRE GATE 6 SEKSJON AS	Ordinary shares	100	100 %
H HEGDEHAUGSVEIEN 32 HJEMMEL AS	Ordinary shares	100	100 %
S SKOVVEIEN 12 HJEMMEL AS	Ordinary shares	100	100 %
S SILURVEIEN 12 NÆRING AS	Ordinary shares	100	100 %
B BYGDØY ALLE 21 AS	Ordinary shares	120	100 %
M MERKANTILBYGG AS	Ordinary shares	5,000,000	100 %
B BROBEKKVEIEN 51-55 AS	Ordinary shares	244,887,300	100 %
C COLBJØRNSENSGATE 1 AS	Ordinary shares	530	100 %
C COLBJØRNSENS GATE 4 AS	Ordinary shares	125,000,000	100 %
S SØNDRE TORV 4 AS	Ordinary shares	105	100 %
F FILEFLOW AS Under liquidation	Ordinary shares	150,000	100 %
A ANKERVEIEN 12 AS	Ordinary shares	100	100 %
D DAL LEIR AS	Ordinary shares	70	70 %
H HELGESENSGATE 12-14 HOLDING AS	Ordinary shares	1	50 %
S SJØGATA 8-10 AS	Ordinary shares	5,500	50 %
F FROGNER OG BISLETT BOLIG AS	Class B shares	23,500	25 %

Last update: Sep 25, 2026

Group structure

P. G. GUNDERSEN GRUPPEN AS
Total operating income 2025: NOK 0
Operating profit 2025: NOK -61,459
Employees: 0

Financials

in NOK

Summary

Year	2025	2024	2023	2022	2021
Total operating income	12,523,789	17,286,221	54,691,583	8,103,709	5,611,317
Annual Total Result	457,506,343	339,409,684	-479,745,436	107,517,976	110,385,157
Total assets	3,220,434,109	6,359,146,679	8,515,891,470	9,290,277,852	8,276,058,494
Total liabilities	1,846,155,604	5,212,034,565	7,708,189,041	7,902,829,987	6,986,104,642
Total equity	1,374,278,505	1,147,112,114	807,702,429	1,387,447,865	1,289,953,851

P&L

Year	2025	2024	2023	2022	2021
Total operating income	12,523,789	17,286,221	54,691,583	8,103,709	5,611,317
Total operating costs	46,260,792	25,541,045	47,699,741	31,748,186	30,196,638
Operating result	-33,737,003	-8,254,824	6,991,842	-23,644,477	-24,585,321
Financial income/costs	500,920,770	324,026,349	-510,315,143	150,307,601	141,642,161
Profit before tax	467,183,767	315,771,525	-503,323,301	126,663,124	117,056,840
Total tax & extraordinary income/cost	9,677,424	-23,638,159	-23,577,865	19,145,148	6,671,683
Annual Total Result	457,506,343	339,409,684	-479,745,436	107,517,976	110,385,157

Balance overview

Year	2025	2024	2023	2022	2021
Total fixed assets	2,693,086,704	5,320,623,997	6,404,362,383	6,384,444,835	5,829,113,214
Total current assets	527,347,405	1,038,522,682	2,111,529,087	2,905,833,017	2,446,945,280
Total assets	3,220,434,109	6,359,146,679	8,515,891,470	9,290,277,852	8,276,058,494
Short term debt	630,136,407	3,951,254,698	587,123,243	604,461,846	454,482,271
Long term debt	1,216,019,197	1,260,779,867	7,121,065,798	7,298,368,141	6,531,622,371
Total liabilities	1,846,155,604	5,212,034,565	7,708,189,041	7,902,829,987	6,986,104,642
Contributed capital	235,399,281	279,828,381	279,828,381	279,828,381	279,892,781
Retained earnings	1,138,879,224	867,283,733	527,874,048	1,107,619,484	1,010,061,070
Total equity	1,374,278,505	1,147,112,114	807,702,429	1,387,447,865	1,289,953,851
Total equity and liabilities	3,220,434,109	6,359,146,679	8,515,891,470	9,290,277,852	8,276,058,493

Classification

21st company classification

BETA

Industrial mother company

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

MERKANTILBYGG HOLDING AS931 388 940