UTEDESIGN AS • 918607048 • Straume • Manufacture of non-metallic mineral products

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Industry and manufacturing

UTEDESIGN AS

Keywords

productiontoughenedlaminatedflat glassglass mirrorinsulating units

Organization

CEO: HL
Helge Log1989
Chairman of the board: TL
Torger Log1952
Years since formation: 7 years; since Feb 22, 2017
Type: Limited company
VAT registered: Yes
Number of employees: 52

Ownership

Number of shares and share classes: 100; 1 share class
Total number of shareholders: 5; companies
Belongs to group of

Financials

Total operating income 2023: 47,632,645; NOK
Annual total result 2023: 3,755,549; NOK
Total equity 2023: 9,939,651; NOK

Last update: Oct 14, 2024

Management

Management / administration

Name	Role	Shares
HL Helge Log 1989	Managing Director/CEO	5 % indirectly

Board

Name	Role	Shares
MH Matej Hess 1997	Board Member	-
BA Bernt Andre Bratlie 1987	Board Member	5 % indirectly
HL Helge Log 1989	Board Member	5 % indirectly
TL Torger Log 1952	Chairman	-

Others

Name	Role	Shares
E ES REVISJON AS	Auditor	-

Top 10 individual shareholders

Name	Role	Shares
RA Ruben Andre Holm Andersen 1986	-	42 % indirectly
HJ Henrik Johannessen 1981	-	42 % indirectly
HL Helge Log 1989	Managing Director/CEO, Board Member	5 % indirectly
BA Bernt Andre Bratlie 1987	Board Member	5 % indirectly
RK Rune Kraavik 1981	-	4 % indirectly

Last update: May 2, 2024

Ownership

Company shareholders

Name	Share class	Number of shares	Share
T TARGET INVESTMENT AS	Ordinary shares	84	84 %
E E&A INVEST AS	Ordinary shares	5	5 %
L LOG HOLDING AS	Ordinary shares	5	5 %
K KRAAVIK TRAFIKKSKOLE AS	Ordinary shares	4	4 %
U UTEDESIGN AS	Ordinary shares	2	2 %

Shares owned by the UTEDESIGN AS

Name	Share class	Number of shares	Share
U UTEDESIGN AS	Ordinary shares	2	2 %

Last update: May 24, 2024

Group structure

TARGET INVESTMENT AS
Total operating income 2023: NOK 179,388
Operating profit 2023: NOK -449,157
Employees: 0

Financials

in NOK

Summary

Year	2023	2022	2021
Total operating income	47,632,645	52,137,012	32,464,505
Annual Total Result	3,755,549	8,682,658	2,838,967
Total assets	25,429,311	24,683,465	15,715,049
Total liabilities	15,489,660	18,499,364	13,086,939
Total equity	9,939,651	6,184,102	2,628,110

P&L

Year	2023	2022	2021
Total operating income	47,632,645	52,137,012	32,464,505
Total operating costs	42,244,087	40,550,421	28,562,315
Operating result	5,388,557	11,586,591	3,902,189
Financial income/costs	-566,535	-453,887	-262,490
Profit before tax	4,822,022	11,132,703	3,639,700
Total tax & extraordinary income/cost	1,066,473	2,450,045	800,733
Annual Total Result	3,755,549	8,682,658	2,838,967

Balance overview

Year	2023	2022	2021
Total fixed assets	2,191,550	5,064,660	2,321,401
Total current assets	23,237,761	19,618,805	13,393,648
Total assets	25,429,311	24,683,465	15,715,049
Short term debt	12,344,040	16,936,112	13,078,455
Long term debt	3,145,620	1,563,252	8,484
Total liabilities	15,489,660	18,499,364	13,086,939
Contributed capital	58,800	58,800	30,000
Retained earnings	9,880,851	6,125,302	2,598,110
Total equity	9,939,651	6,184,102	2,628,110
Total equity and liabilities	25,429,311	24,683,465	15,715,049

Classification

Category

Industry and manufacturing

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

C

Main industrial area

Manufacturing

23

Activity

Manufacture of non-metallic mineral products

23.1

Main industrial group

Manufacture of glass and glass products

23.12

Industrial group

Shaping and processing of flat glass

23.120

Industrial group

Shaping and processing of flat glass