NAVIC ENGINEERING AS

MAIN_EN - NAVIC

OIL AND GAS SECTOR We are a provider of solutions for the oil and gas industry. Our Clients include global leaders of the sector. We design both new structures, plant and machinery, as well as modifications and modernisations of existing structures. We offer engineering and managerial support throughout the investment process. Read more METALLURGY SECTOR

Keywords

engineering servicespowerenergytransportwatersewagedrainageindustrymanufacturingtelecommunicationsbroadcastingpolicy analysisregulationsexpert opinionswitness statementsmechanical engineeringautomotive engineeringchemical engineeringtechnical consulting

Organization

CEO: EM
Eivind Midlang1978
Chairman of the board: EM
Eivind Midlang1978
Years since formation: 22 years; since Nov 13, 2003
Type: Limited company
VAT registered: Yes
Number of employees: 0

Ownership

Number of shares and share classes: 40,000; 1 share class
Total number of shareholders: 1; company
Belongs to group of

Financials

Total operating income 2024: 3,714,933; NOK
Annual total result 2024: -2,642,429; NOK
Total equity 2024: -8,688,322; NOK

Last update: Jul 23, 2025

Management

Management / administration

Name	Role	Shares
EM Eivind Midlang 1978	Managing Director/CEO	50 % indirectly

Board

Name	Role	Shares
EM Eivind Midlang 1978	Chairman	50 % indirectly
TF Torgeir Fauske 1976	Deputy Chair	50 % indirectly

Others

Name	Role	Shares
A ADMENTO AS	Accountant	-
P PRICEWATERHOUSECOOPERS AS	Auditor	-

Top 10 individual shareholders

Name	Role	Shares
TF Torgeir Fauske 1976	Deputy Chair	50 % indirectly
EM Eivind Midlang 1978	Managing Director/CEO, Chairman	50 % indirectly

Last update: Jun 3, 2025

Ownership

Company shareholders

Name	Share class	Total number of shares	Share
N NAVIC AS	Ordinary shares	40,000	100 %

Last update: Jun 2, 2025

Group structure

NAVIC AS
Total operating income 2024: NOK 0
Operating profit 2024: NOK 4,618,725
Employees: 0

Financials

in NOK

Summary

Year	2024	2023	2022	2021
Total operating income	3,714,933	11,759,903	2,397,615	3,215,055
Annual Total Result	-2,642,429	240,229	-1,203,916	-2,135,402
Total assets	1,392,099	2,835,068	391,376	519,566
Total liabilities	10,080,421	8,880,961	6,677,499	5,601,772
Total equity	-8,688,322	-6,045,893	-6,286,122	-5,082,206

P&L

Year	2024	2023	2022	2021
Total operating income	3,714,933	11,759,903	2,397,615	3,215,055
Total operating costs	5,689,238	10,805,094	3,299,897	5,213,814
Operating result	-1,974,305	954,809	-902,282	-1,998,759
Financial income/costs	-668,124	-714,580	-301,634	-136,643
Profit before tax	-2,642,429	240,229	-1,203,916	-2,135,402
Total tax & extraordinary income/cost	0	0	0	0
Annual Total Result	-2,642,429	240,229	-1,203,916	-2,135,402

Balance overview

Year	2024	2023	2022	2021
Total fixed assets	0	0	0	4,222
Total current assets	1,392,099	2,835,068	391,376	515,344
Total assets	1,392,099	2,835,068	391,376	519,566
Short term debt	10,080,421	8,880,961	6,677,499	5,601,772
Long term debt	0	0	0	0
Total liabilities	10,080,421	8,880,961	6,677,499	5,601,772
Contributed capital	5,207,351	5,207,351	5,207,351	5,207,351
Retained earnings	-13,895,673	-11,253,244	-11,493,473	-10,289,557
Total equity	-8,688,322	-6,045,893	-6,286,122	-5,082,206
Total equity and liabilities	1,392,099	2,835,068	391,376	519,566

NAVIC ENGINEERING AS986 198 032