GERMAN PROPERTY AS • 891052642 • Oslo • Financial service activities, except insurance and pension funding

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Banking and insurance

/ Holding company

GERMAN PROPERTY AS

Keywords

holding companiesgroupbusinessabroad

Organization

CEO: GW
Georg Wessel1964
Chairman of the board: GW
Georg Wessel1964
Years since formation: 17 years; since Mar 22, 2007
Type: Limited company
VAT registered: No
Number of employees: 0

Ownership

Number of shares and share classes: 25,366,032; 1 share class
Total number of shareholders: 3; 2 companies, 1 person
Belongs to group of

Financials

Total operating income 2023: 45,715; NOK
Annual total result 2023: 8,011,445; NOK
Total equity 2023: 32,650,200; NOK

Last update: Sep 3, 2024

Management

Management / administration

Name	Role	Shares
GW Georg Wessel 1964	Managing Director/CEO	89.87 % indirectly

Board

Name	Role	Shares
GW Georg Wessel 1964	Chairman	89.87 % indirectly
TB Thomas Braathen Rabo 1968	Board Member	-

Others

Name	Role	Shares
C CROWE PARTNER REVISJON AS	Auditor	-
E ECIT VEIBY AKONTO AS	Accountant	-

Top 10 individual shareholders

Name	Role	Shares
GW Georg Wessel 1964	Managing Director/CEO, Chairman	89.87 % indirectly
NL Nicolai Louis Wessel 2004	-	2.57 % indirectly
VW Valentin Høst Wessel 2001	-	2.57 % indirectly

Last update: Apr 13, 2023

Ownership

Company shareholders

Name	Share class	Number of shares	Share
E ESTATOR AS	Ordinary shares	22,796,032	89.87 %
W WSSL AS	Ordinary shares	1,301,698	5.13 %
ML Management Gmbh Longstride	Ordinary shares	1,268,302	5 %

Last update: May 24, 2024

Group structure

ESTATOR AS
Total operating income 2023: NOK 15,000
Operating profit 2023: NOK -380,000
Employees: 0

Financials

in NOK

Summary

Year	2023	2022	2021
Total operating income	45,715	53,008	104,964
Annual Total Result	8,011,445	2,021,499	8,086,188
Total assets	38,753,747	28,650,660	27,504,199
Total liabilities	6,103,546	509,463	995,560
Total equity	32,650,200	28,141,197	26,508,638

P&L

Year	2023	2022	2021
Total operating income	45,715	53,008	104,964
Total operating costs	94,172	71,174	174,707
Operating result	-48,457	-18,166	-69,743
Financial income/costs	10,165,888	2,021,330	8,155,931
Profit before tax	10,117,431	2,003,164	8,086,188
Total tax & extraordinary income/cost	2,105,986	-18,335	0
Annual Total Result	8,011,445	2,021,499	8,086,188

Balance overview

Year	2023	2022	2021
Total fixed assets	30,385,412	27,320,309	26,101,413
Total current assets	8,368,335	1,330,351	1,402,786
Total assets	38,753,747	28,650,660	27,504,199
Short term debt	5,997,995	422,952	983,531
Long term debt	105,551	86,511	12,029
Total liabilities	6,103,546	509,463	995,560
Contributed capital	784,604	784,604	784,604
Retained earnings	31,865,596	27,356,593	25,724,034
Total equity	32,650,200	28,141,197	26,508,638
Total equity and liabilities	38,753,746	28,650,660	27,504,198

Classification

Category

Banking and insurance

/ Holding company

Type of organization

Limited company

Standard industrial classification

K

Main industrial area

Financial and insurance activities

64

Activity

Financial service activities, except insurance and pension funding

64.2

Main industrial group

Activities of holding companies

64.20

Industrial group

Activities of holding companies

64.202

Industrial group

Holding companies serving special purposes