GARMAR HOLDING AS • 989003135 • Oslo • Real estate activities

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Goods and trade

/ 68.209 Other letting of real estate

GARMAR HOLDING AS

Keywords

apartmentsrentalagricultural landagricultural properties

Organization

CEO: MB
Margaret Boel Garmann1955
Chairman of the board: BG
Berge Garmann Velde1955
Years since formation: 20 years; since Dec 2, 2005
Type: Limited company
VAT registered: No
Number of employees: 0

Ownership

Number of shares and share classes: 58,508; 1 share class
Total number of shareholders: 2; 1 company, 1 person
Belongs to group of

Financials

Total operating income 2024: 501,102,807; NOK
Annual total result 2024: 458,356,356; NOK
Total equity 2024: 4,246,506,563; NOK

Last update: Aug 11, 2025

Management

Management / administration

Name	Role	Shares
MB Margaret Boel Garmann 1955	Managing Director/CEO	99.11 % directly

Board

Name	Role	Shares
BG Berge Garmann Velde 1955	Chairman	-
MB Margaret Boel Garmann 1955	Board Member	99.11 % directly
BO Bjørn Olaf Svindal 1949	Board Member	-

Others

Name	Role	Shares
D DELOITTE AS	Auditor	-
R REGNSKAPSSERVICE AS	Accountant	-

Top 10 individual shareholders

Name	Role	Shares
MB Margaret Boel Garmann 1955	Managing Director/CEO, Board Member	99.11 % directly

Last update: Apr 13, 2023

Ownership

Company shareholders

Name	Share class	Total number of shares	Share
MB Margaret Boel Garmann 1955	Ordinary shares	57,988	99.11 %
G GARMAR HOLDING AS	Ordinary shares	520	0.89 %

Shares owned by the GARMAR HOLDING AS

Name	Share class	Total number of shares	Share
G GARMAR AS	Ordinary shares	30,000	100 %
D DNB EIENDOMSFOND CORE PLUS AS	Ordinary shares	2,089,410	18.73 %
D DNB PRIVATE EQUITY VIII AS	Class B shares	50,000	16.56 %
D DNB PE DIRECT II (IS) AS	Ordinary shares	3,000	5.17 %
K KGJ PARTNERSHIP IX AS	Ordinary shares	24,000	4.47 %
F FOKUS NORWAY BALANCED PROPERTY FUND AS	Ordinary shares	60,380,142	4.29 %
D DNB PE DIRECT I (IS) AS	Ordinary shares	3,000	3.69 %
D DNB PRIVATE EQUITY IX AS	Class B shares	5,000	3.28 %
U UNION REAL ESTATE FUND III HOLDING AS	Ordinary shares	1,298,119	3.15 %
G GARMAR HOLDING AS	Ordinary shares	520	0.89 %
A ARBAFLAME AS	NO0010950256	74,857	0.03 %

Last update: Jun 2, 2025

Group structure

GARMAR HOLDING AS
Total operating income 2024: NOK 501,102,807
Operating profit 2024: NOK 456,740,309
Employees: 0

Financials

in NOK

Summary

Year	2024	2023	2022	2021
Total operating income	501,102,807	379,246,661	66,936,937	405,985,203
Annual Total Result	458,356,356	338,445,997	-262,029,581	320,194,715
Total assets	4,255,270,159	3,921,443,257	3,673,409,663	4,129,395,337
Total liabilities	8,763,596	2,421,410	2,720,712	14,545,790
Total equity	4,246,506,563	3,919,021,846	3,670,688,949	4,114,849,546

P&L

Year	2024	2023	2022	2021
Total operating income	501,102,807	379,246,661	66,936,937	405,985,203
Total operating costs	44,362,498	46,572,792	330,230,498	78,663,864
Operating result	456,740,309	332,673,869	-263,293,561	327,321,339
Financial income/costs	7,287,689	5,864,295	2,448,201	1,397,404
Profit before tax	464,027,998	338,538,164	-260,845,360	328,718,743
Total tax & extraordinary income/cost	5,671,642	92,167	1,184,221	8,524,028
Annual Total Result	458,356,356	338,445,997	-262,029,581	320,194,715

Balance overview

Year	2024	2023	2022	2021
Total fixed assets	481,002,758	383,601,942	277,602,197	338,755,265
Total current assets	3,774,267,401	3,537,841,315	3,395,807,466	3,790,640,072
Total assets	4,255,270,159	3,921,443,257	3,673,409,663	4,129,395,337
Short term debt	8,353,513	1,908,827	2,080,075	12,052,549
Long term debt	410,083	512,583	640,637	2,493,241
Total liabilities	8,763,596	2,421,410	2,720,712	14,545,790
Contributed capital	326,111,361	326,111,361	326,111,361	326,011,361
Retained earnings	3,920,395,202	3,592,910,485	3,344,577,588	3,788,838,185
Total equity	4,246,506,563	3,919,021,846	3,670,688,949	4,114,849,546
Total equity and liabilities	4,255,270,159	3,921,443,256	3,673,409,661	4,129,395,336

Classification

Category

Goods and trade

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

L

Main industrial area

Real estate activities

68

Activity

Real estate activities

68.2

Main industrial group

Renting and operating of own or leased real estate

68.20

Industrial group

Renting and operating of own real estate

68.209

Industrial group

Other letting of real estate