BORGESTAD ASA

Organization

CEO: PF
Pål Feen Larsen1983
Chairman of the board: GO
Glen Ole Rødland1964
Years since formation: 30 years; since Feb 19, 1995
Type: Public limited company
VAT registered: Yes
Number of employees: 0

Ownership

Number of shares and share classes: 35,062,072; 1 share class
Total number of shareholders: 1445; 124 companies, 1,321 persons
Belongs to group of

Financials

Total operating income 2024: 101,000; NOK
Annual total result 2024: -106,391,000; NOK
Total equity 2024: 676,742,000; NOK

Last update: Sep 9, 2025

Management

Management / administration

Name	Role	Shares
PF Pål Feen Larsen 1983	Managing Director/CEO	-

Board

Name	Role	Shares
HB Helene Bryde Steen 1988	Board Member	3.26 % indirectly
JE Jan Erik Sivertsen 1972	Board Member	-
JA Jacob Andreas Møller 1974	Board Member	-
GO Glen Ole Rødland 1964	Chairman	-
WK Wenche Kjølås 1962	Board Member	-

Others

Name	Role	Shares
B BDO AS	Auditor	-
S SAGA REGNSKAP OG RÅDGIVNING AS	Accountant	-

Top 10 individual shareholders

Name	Role	Shares
FT Frode Teigen 1962	-	19.4 % indirectly
OR Odd Rune Austgulen 1952	-	5.61 % indirectly
GJ Gudmund Joar Bratrud 1947	-	3.64 % directly 0.95 % indirectly 2.68 %
HB Helene Bryde Steen 1988	Board Member	3.26 % indirectly
CE Carl-Otto Egil Løkken Steen 1994	-	3.26 % indirectly
JW Johan William Ole Løkken Steen 1992	-	3.26 % indirectly
CB Cato Bryde Steen 1988	-	3.26 % indirectly
BO Bertel Otto Bryde Steen 1984	-	3.26 % indirectly
AT Adrian Teigen 1999	-	2.98 % indirectly
ET Elliott Teigen 2000	-	2.98 % indirectly

Last update: May 30, 2025

Ownership

Company shareholders

Name	Share class	Total number of shares	Share
K KONTRARI AS	NO0013256180	10,462,736	29.84 %
S SES AS	NO0013256180	5,750,000	16.4 %
A AURIS AS	NO0013256180	1,968,727	5.61 %
I INTERTRADE SHIPPING AS	NO0013256180	1,750,000	4.99 %
G GROSS MANAGEMENT AS	NO0013256180	1,707,759	4.87 %
J JAHATT AS	NO0013256180	1,174,428	3.35 %
D DIONE AS	NO0013256180	1,097,137	3.13 %
R Regent AS	NO0013256180	828,487	2.36 %
S SUVEREN AS	NO0013256180	637,808	1.82 %
LA Lars Aage H Christiansen 1981	NO0013256180	570,000	1.63 %
N NORTH SEA GROUP AS	NO0013256180	507,204	1.45 %
A AAL INDUSTRIER AS	NO0013256180	351,590	1 %
GJ Gudmund Joar Bratrud 1947	NO0013256180	334,467	0.95 %
H HAUSTA INVESTOR AS	NO0013256180	329,801	0.94 %
AT Andreas Torhus 1982	NO0013256180	300,000	0.86 %
A AR VEKST AS	NO0013256180	247,963	0.71 %
BA Bank Ag Lgt	NO0013256180	227,401	0.65 %
B BATJAK AS	NO0013256180	222,503	0.63 %
OG Olve Gravråk 1952	NO0013256180	200,000	0.57 %
O OAKTIVA AS	NO0013256180	186,813	0.53 %
E ELHATT AS	NO0013256180	185,848	0.53 %
C CJL HOLDING AS	NO0013256180	185,419	0.53 %
K KONGELIG NORSK AUTOMOBILKLUB	NO0013256180	163,266	0.47 %
A AUBERT INVEST AS	NO0013256180	159,258	0.45 %
JE Jan Edvard Thygesen 1951	NO0013256180	150,000	0.43 %
O ONEZERO HOLDING AS	NO0013256180	140,888	0.4 %
PF Pål Feen Larsen 1983	NO0013256180	138,241	0.39 %
H HOLTA & CO. AS	NO0013256180	133,008	0.38 %
JH Jan Høyen 1951	NO0013256180	132,000	0.38 %
J JOMAHO AS	NO0013256180	129,500	0.37 %
KA Kjell Arne Aaser 1952	NO0013256180	125,000	0.36 %
H HANDEL PARTNER AS	NO0013256180	124,920	0.36 %
C CAPRECA AS	NO0013256180	124,501	0.36 %
P PLOOT INVEST AS	NO0013256180	120,857	0.34 %
Ø ØYHATT AS	NO0013256180	120,000	0.34 %
S SBPS AS	NO0013256180	112,500	0.32 %
G GERMA AS	NO0013256180	111,251	0.32 %
GB Geir Bjørndalen 1964	NO0013256180	110,058	0.31 %
AR Arne Risøy 1964	NO0013256180	108,944	0.31 %
SR Snorre Roås 1967	NO0013256180	104,478	0.3 %
CB Clearstream Banking S.a.	NO0013256180	103,025	0.29 %
BN Bank Nv Kbc	NO0013256180	102,249	0.29 %
BA Bank As Saxo	NO0013256180	100,559	0.29 %
J JAWENDEL AS	NO0013256180	100,000	0.29 %
BK Bernhard Kielland 1950	NO0013256180	100,000	0.29 %
J JAKOB HATTELAND HOLDING AS	NO0013256180	96,094	0.27 %
L LITRA EIENDOM AS	NO0013256180	87,000	0.25 %
L LUCELLUM AS	NO0013256180	82,500	0.24 %
K KNUT FOSSE AS	NO0013256180	80,367	0.23 %
P PARRA AS	NO0013256180	80,302	0.23 %
S SKAGENKAIEN INVESTERING AS	NO0013256180	79,526	0.23 %
M MEULENBORG AS	NO0013256180	72,490	0.21 %
T TOREI AS	NO0013256180	70,000	0.2 %
EA Elisabeth Austrått 1965	NO0013256180	67,684	0.19 %
FM Frode Martinussen 1963	NO0013256180	66,500	0.19 %
H HMH INVEST AS	NO0013256180	63,951	0.18 %
ER Erling Rune Larsen 1956	NO0013256180	61,385	0.18 %
K KARSTEN ELLINGSEN AS	NO0013256180	59,508	0.17 %
S SPAREBANK 1 SØR-NORGE ASA	NO0013256180	57,562	0.16 %
BP Bendik Persch Andersen 1991	NO0013256180	57,000	0.16 %
S SKÅLA BÆR AS	NO0013256180	55,000	0.16 %
DH Dag Henning Larsen 1959	NO0013256180	55,000	0.16 %
AS Anne Sofie Tønseth Markman 1955	NO0013256180	54,907	0.16 %
T TIBIDABO INDUSTRIER AS	NO0013256180	50,500	0.14 %
PW Per-Christian Willoch Fett 1969	NO0013256180	50,202	0.14 %
P PROFOND AS	NO0013256180	48,421	0.14 %
MS Morgan Stanley & Co. Int. Plc.	NO0013256180	44,056	0.13 %
CK Christen Knudsen 1955	NO0013256180	40,551	0.12 %
RG Randi Gro Thuland 1959	NO0013256180	40,288	0.11 %
SA Sis Ag Six	NO0013256180	40,000	0.11 %
B BOGEN KAPITAL AS	NO0013256180	39,795	0.11 %
PB Paribas Bnp	NO0013256180	37,500	0.11 %
S STAVANGER KOMMUNE	NO0013256180	37,082	0.11 %
DH Dagfinn Hopsdal 1955	NO0013256180	35,000	0.1 %
TF Tore Fredriksen 1956	NO0013256180	32,500	0.09 %
KE Karl Endre Bjerk 1959	NO0013256180	30,000	0.09 %
H HAVE HOLDING AS	NO0013256180	30,000	0.09 %
OR Odd Reidar Hovland 1945	NO0013256180	29,375	0.08 %
AL Annie Linn H Christiansen 1983	NO0013256180	29,061	0.08 %
JE Johan Eikeland 1976	NO0013256180	28,491	0.08 %
L LAL HOLDING AS	NO0013256180	25,970	0.07 %
NO Nils Otto Bergslien 1966	NO0013256180	25,000	0.07 %
A AS TORINITAMAR	NO0013256180	25,000	0.07 %
D DITLEF HOLDING AS	NO0013256180	25,000	0.07 %
NB Nicolay Benjamin Aall 1990	NO0013256180	25,000	0.07 %
KO Kurt Oddvar Austrått 1966	NO0013256180	25,000	0.07 %
A ANDR AASLAND AS	NO0013256180	24,741	0.07 %
F FORUS HOLDING AS	NO0013256180	24,626	0.07 %
A AKTIESELSKABET BORGESTADS UNDERSTØTTELSESFOND STI	NO0013256180	24,545	0.07 %
V VALOGIANT AS	NO0013256180	24,321	0.07 %
BA Bank Abp Nordea	NO0013256180	22,444	0.06 %
N NORDNET LIVSFORSIKRING AS	NO0013256180	22,129	0.06 %
LO Leif Oskar Bjornes 1958	NO0013256180	20,250	0.06 %
EH Erik Hansen 1979	NO0013256180	20,193	0.06 %
A ANDERS HAGA HOLDING AS	NO0013256180	20,000	0.06 %
OH Olav H Gjernes 1936	NO0013256180	17,050	0.05 %
J JAH AS	NO0013256180	16,474	0.05 %
TC Tord Christian Olsen 1969	NO0013256180	15,138	0.04 %
S SKÅRETREBOEN AS	NO0013256180	15,000	0.04 %
ØH Øyvind Heiberg Solli 1984	NO0013256180	15,000	0.04 %

Shares owned by the BORGESTAD ASA

Name	Share class	Total number of shares	Share
B BORGESTAD INDUSTRIES AS	Ordinary shares	100	100 %
B BORGESTAD PROPERTIES AS	Ordinary shares	566,600	100 %
G GUNNAR KNUDSENS VEG 144 AS	Ordinary shares	100	10 %
E ERH AS	NO0010350028	1,021,345	2.98 %
O ODDBALL INVEST AS	Ordinary shares	50,000	2.4 %
I IMPACT TECHNOLOGY SYSTEMS AS	NO0010650583	2,140,234	0.41 %

Last update: Jun 2, 2025

Group structure

BORGESTAD ASA
Total operating income 2023: NOK 101,000
Operating profit 2023: NOK -13,446,000
Employees: 0

Financials

in NOK

Summary

Year	2023	2022	2021
Total operating income	101,000	348,000	1,032,000
Annual Total Result	-106,391,000	-92,549,000	-35,224,000
Total assets	956,269,000	593,027,000	654,173,000
Total liabilities	279,527,000	105,235,000	337,464,000
Total equity	676,742,000	487,793,000	316,710,000

P&L

Year	2023	2022	2021
Total operating income	101,000	348,000	1,032,000
Total operating costs	13,547,000	15,171,000	14,471,000
Operating result	-13,446,000	-14,823,000	-13,439,000
Financial income/costs	-92,945,000	-65,824,000	-33,735,000
Profit before tax	-106,391,000	-80,647,000	-47,174,000
Total tax & extraordinary income/cost	0	11,902,000	-11,950,000
Annual Total Result	-106,391,000	-92,549,000	-35,224,000

Balance overview

Year	2023	2022	2021
Total fixed assets	552,821,000	517,284,000	617,873,000
Total current assets	403,448,000	75,743,000	36,300,000
Total assets	956,269,000	593,027,000	654,173,000
Short term debt	273,527,000	3,556,000	5,412,000
Long term debt	6,000,000	101,679,000	332,052,000
Total liabilities	279,527,000	105,235,000	337,464,000
Contributed capital	676,742,000	487,793,000	316,710,000
Retained earnings	0	0	0
Total equity	676,742,000	487,793,000	316,710,000
Total equity and liabilities	956,269,000	593,028,000	654,174,000

Classification

Type of organization

Public limited company

Classification of institutional sector

INNL

Domestic sectors

A_IKKE-FIN

Non-financial corporations

2100

Private non-financial incorporated enterprises

BORGESTAD ASA920 639 674

BORGESTAD ASA

Organization

Ownership

Financials

Management

Management / administration

Board

Others

Top 10 individual shareholders

Ownership

Company shareholders

Shares owned by the BORGESTAD ASA

Group structure

Financials

Summary

P&L

Balance overview

Classification