MIDAS GROUP AS

Keywords

consultingguidanceassistancemanagement issuesstrategicorganizationalreorganizationbusiness procedureschange managementcost reductionpersonnelremunerationpension strategiesproduction planningcontrol planninglobbyingaccounting procedurescost accountingbudget control proceduresrationalizationcontrolmanagement information

Organization

CEO: FR
Frank Roger Ystenes1968
Chairman of the board: FR
Frank Roger Ystenes1968
Years since formation: 20 years; since Sep 1, 2005
Type: Limited company
VAT registered: Yes
Number of employees: 0

Ownership

Number of shares and share classes: 1,200; 1 share class
Total number of shareholders: 2; persons
Belongs to group of

Financials

Total operating income 2024: 180,000; NOK
Annual total result 2024: 3,583,423; NOK
Total equity 2024: 29,057,143; NOK

Last update: Jul 7, 2025

Management

Management / administration

Name	Role	Shares
FR Frank Roger Ystenes 1968	Managing Director/CEO	50 % directly

Board

Name	Role	Shares
FR Frank Roger Ystenes 1968	Chairman	50 % directly

Others

Name	Role	Shares
F FORVIS MAZARS AS	Auditor	-
E ECIT VEIBY AKONTO AS	Accountant	-

Top 10 individual shareholders

Name	Role	Shares
FR Frank Roger Ystenes 1968	Managing Director/CEO, Chairman	50 % directly
MY Marina Ystenes 1980	-	50 % directly

Last update: Apr 13, 2023

Ownership

Company shareholders

Name	Share class	Total number of shares	Share
FR Frank Roger Ystenes 1968	Ordinary shares	600	50 %
MY Marina Ystenes 1980	Ordinary shares	600	50 %

Shares owned by the MIDAS GROUP AS

Name	Share class	Total number of shares	Share
M MIDAS CAPITAL AS	Ordinary shares	1,000	100 %
M MIVESTOR AS	Ordinary shares	1,000	100 %
M MIDAS EIENDOM AS	Ordinary shares	150	50 %
V VÅLERENGA ISHOCKEY AS	Ordinary shares	816	0.08 %

Last update: Jun 2, 2025

Group structure

MIDAS GROUP AS
Total operating income 2024: NOK 180,000
Operating profit 2024: NOK -3,276,156
Employees: 0

Financials

in NOK

Summary

Year	2024	2023	2022	2021
Total operating income	180,000	1,023,829	1,520,000	1,800,000
Annual Total Result	3,583,423	-1,447,182	-3,799,698	10,760,891
Total assets	113,707,449	118,145,247	126,234,960	134,654,087
Total liabilities	84,650,305	89,766,527	96,409,058	95,163,036
Total equity	29,057,143	28,378,720	29,825,902	39,491,051

P&L

Year	2024	2023	2022	2021
Total operating income	180,000	1,023,829	1,520,000	1,800,000
Total operating costs	3,456,156	14,696,185	5,478,250	4,757,637
Operating result	-3,276,156	-13,672,356	-3,958,250	-2,957,637
Financial income/costs	7,216,435	10,135,864	-1,243,338	12,968,365
Profit before tax	3,940,279	-3,536,493	-5,201,588	10,010,728
Total tax & extraordinary income/cost	356,856	-2,089,311	-1,401,890	-750,163
Annual Total Result	3,583,423	-1,447,182	-3,799,698	10,760,891

Balance overview

Year	2024	2023	2022	2021
Total fixed assets	104,830,800	109,911,463	124,565,015	127,104,509
Total current assets	8,876,648	8,233,784	1,669,945	7,549,578
Total assets	113,707,449	118,145,247	126,234,960	134,654,087
Short term debt	603,722	3,045,368	12,030,267	28,686,750
Long term debt	84,046,583	86,721,159	84,378,791	66,476,286
Total liabilities	84,650,305	89,766,527	96,409,058	95,163,036
Contributed capital	1,200,000	1,200,000	1,200,000	1,200,000
Retained earnings	27,857,143	27,178,720	28,625,902	38,291,051
Total equity	29,057,143	28,378,720	29,825,902	39,491,051
Total equity and liabilities	113,707,449	118,145,247	126,234,960	134,654,087

MIDAS GROUP AS988 497 983

MIDAS GROUP AS

Keywords

Organization

Ownership

Financials

Management

Management / administration

Board

Others

Top 10 individual shareholders

Ownership

Company shareholders

Shares owned by the MIDAS GROUP AS

Group structure

Financials

Summary

P&L

Balance overview

Classification