BORGESTAD ASA

Operating

Å drive investerings- og forvaltningsvirksomhet, herunder deltakelse i andre selskaper, erverv av aksjer og andre selskapsandeler, samt erverv og drift av fast eiendom, samt all hertil hørende virksomhet.

Investerings- og forvaltningsvirksomhet, herunder deltakelse i andre selskaper, erverv av aksjer og andre selskapsandeler, samt erverv og drift av fast eiendom, samt all hertil hørende virksomhet.

Organization

CEO: PF
Pål Feen Larsen1983
Chairman of the board: GO
Glen Ole Rødland1964
Years since formation: 31 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: 1389; 124 companies, 1,265 persons
Belongs to group of

Financials

Total operating income 2025: 4,709,000; NOK
Annual total result 2025: -13,259,000; NOK
Total equity 2025: 655,932,000; NOK

Last update: Aug 4, 2026

Management

Management / administration

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

Board

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

Others

Name	Role	Shares
B BDO AS	Auditor	-

Top 10 individual shareholders

Name	Role	Shares
TF Teigen Frode 1962	-	19.4 % indirectly
RA Rune Austgulen Odd 1952	-	5.61 % indirectly
JB Joar Bratrud Gudmund 1947	-	3.8 % directly 0.95 % indirectly 2.85 %
TF Teigen Felix 2002	-	3.7 % indirectly
EL Egil Løkken Steen Carl-Otto 1994	-	3.26 % indirectly
BS Bryde Steen Helene 1988	-	3.26 % indirectly
BS Bryde Steen Cato 1988	-	3.26 % indirectly
WO William Ole Løkken Steen Johan 1992	-	3.26 % indirectly
OB Otto Bryde Steen Bertel 1984	-	3.26 % indirectly
TA Teigen Adrian 1999	-	2.98 % indirectly

Last update: May 30, 2025

Ownership

Company shareholders

Name	Share class	Total number of shares	Share
K KONTRARI AS	Ordinary shares	10,462,736	29.84 %
S SES AS	Ordinary shares	5,750,000	16.4 %
A AURIS AS	Ordinary shares	1,968,727	5.61 %
I INTERTRADE SHIPPING AS	Ordinary shares	1,750,000	4.99 %
G GROSS MANAGEMENT AS	Ordinary shares	1,707,759	4.87 %
J JAKOB HATTELAND HOLDING AS	Ordinary shares	1,270,522	3.62 %
D DIONE AS	Ordinary shares	1,097,137	3.13 %
R Regent AS	Ordinary shares	828,487	2.36 %
S SUVEREN AS	Ordinary shares	637,808	1.82 %
AH Aage Haaland Christiansen Lars 1981	Ordinary shares	626,437	1.79 %
N NORTH SEA GROUP AS	Ordinary shares	507,204	1.45 %
T TOHATT AS	Ordinary shares	400,000	1.14 %
H HAUSTA INVESTOR AS	Ordinary shares	391,018	1.12 %
JB Joar Bratrud Gudmund 1947	Ordinary shares	334,467	0.95 %
A AUBERT INVEST AS	Ordinary shares	285,510	0.81 %
TA Torhus Andreas 1982	Ordinary shares	255,000	0.73 %
B BABACO INVEST AS	Ordinary shares	250,000	0.71 %
A AR VEKST AS	Ordinary shares	247,963	0.71 %
B BATJAK AS	Ordinary shares	222,503	0.63 %
O OAKTIVA AS	Ordinary shares	208,371	0.59 %
GO Gravråk Olve 1952	Ordinary shares	200,000	0.57 %
E ELHATT AS	Ordinary shares	185,848	0.53 %
C CJL HOLDING AS	Ordinary shares	185,419	0.53 %
K KONGELIG NORSK AUTOMOBILKLUB	Ordinary shares	163,266	0.47 %
FL Feen Larsen Pål 1983	Ordinary shares	158,786	0.45 %
A AS TORINITAMAR	Ordinary shares	150,000	0.43 %
K KNUT FOSSE AS	Ordinary shares	141,438	0.4 %
O ONEZERO HOLDING AS	Ordinary shares	140,888	0.4 %
HJ Høyen Jan 1951	Ordinary shares	132,000	0.38 %
ET Edvard Thygesen Jan 1951	Ordinary shares	125,000	0.36 %
AA Arne Aaser Kjell 1952	Ordinary shares	125,000	0.36 %
H HANDEL PARTNER AS	Ordinary shares	124,920	0.36 %
C CAPRECA AS	Ordinary shares	124,501	0.36 %
P PLOOT INVEST AS	Ordinary shares	120,857	0.34 %
S SBPS AS Closed	Ordinary shares	112,500	0.32 %
RA Risøy Arne 1964	Ordinary shares	112,439	0.32 %
G GERMA AS	Ordinary shares	111,030	0.32 %
BG Bjørndalen Geir 1964	Ordinary shares	110,058	0.31 %
KT Kristian Tveitå Einar 1973	Ordinary shares	100,000	0.29 %
J JAWENDEL AS	Ordinary shares	100,000	0.29 %
KB Kielland Bernhard 1950	Ordinary shares	100,000	0.29 %
RS Roås Snorre 1967	Ordinary shares	94,784	0.27 %
L LUCELLUM AS	Ordinary shares	82,500	0.24 %
S SKAGENKAIEN INVESTERING AS	Ordinary shares	79,526	0.23 %
T TOREI AS	Ordinary shares	69,500	0.2 %
RL Rune Larsen Erling 1956	Ordinary shares	67,385	0.19 %
MF Martinussen Frode 1963	Ordinary shares	66,500	0.19 %
H HMH INVEST AS	Ordinary shares	63,951	0.18 %
PA Persch Andersen Bendik 1991	Ordinary shares	57,000	0.16 %
ST Sofie Tønseth Markman Anne 1955	Ordinary shares	54,907	0.16 %
T TIBIDABO INDUSTRIER AS	Ordinary shares	50,500	0.14 %
CS Christian Skarsgård Lars 1980	Ordinary shares	50,000	0.14 %
AE Austrått Elisabeth 1965	Ordinary shares	50,000	0.14 %
WF Willoch Fett Per-Christian 1969	Ordinary shares	47,391	0.14 %
KC Knudsen Christen 1955	Ordinary shares	40,551	0.12 %
GT Gro Thuland Randi 1959	Ordinary shares	40,288	0.11 %
S STAVANGER KOMMUNE	Ordinary shares	37,082	0.11 %
LH Linn Haaland Christiansen Annie 1983	Ordinary shares	36,581	0.1 %
OB Otto Bergslien Nils 1966	Ordinary shares	36,000	0.1 %
FT Fredriksen Tore 1956	Ordinary shares	32,500	0.09 %
HD Hopsdal Dagfinn 1955	Ordinary shares	32,000	0.09 %
EB Endre Bjerk Karl 1959	Ordinary shares	30,112	0.09 %
H HAVE HOLDING AS	Ordinary shares	30,000	0.09 %
EJ Eikeland Johan 1976	Ordinary shares	28,491	0.08 %
F FORUS HOLDING AS	Ordinary shares	27,800	0.08 %
B BOGEN KAPITAL AS	Ordinary shares	26,000	0.07 %
L LAL HOLDING AS	Ordinary shares	25,970	0.07 %
N NORDNET LIVSFORSIKRING AS	Ordinary shares	25,890	0.07 %
A ANDERS HAGA HOLDING AS	Ordinary shares	25,582	0.07 %
AF Arild Fidje Leif 1968	Ordinary shares	25,323	0.07 %
OB Oskar Bjornes Leif 1958	Ordinary shares	25,250	0.07 %
D DITLEF HOLDING AS	Ordinary shares	25,000	0.07 %
BA Benjamin Aall Nicolay 1990	Ordinary shares	25,000	0.07 %
OA Oddvar Austrått Kurt 1966	Ordinary shares	25,000	0.07 %
A ANDR AASLAND AS	Ordinary shares	24,741	0.07 %
SG Syvertsen Geir 1977	Ordinary shares	24,400	0.07 %
V VALOGIANT AS	Ordinary shares	24,321	0.07 %
P PROFOND AS	Ordinary shares	23,492	0.07 %
HE Hansen Erik 1979	Ordinary shares	21,924	0.06 %
S SKÅRETREBOEN AS	Ordinary shares	20,248	0.06 %
M MEULENBORG AS	Ordinary shares	19,989	0.06 %
HG H Gjernes Olav 1936	Ordinary shares	17,050	0.05 %
J JAH AS	Ordinary shares	16,474	0.05 %
P PARRA AS	Ordinary shares	15,978	0.05 %
CO Christian Olsen Tord 1969	Ordinary shares	15,138	0.04 %
HS Heiberg Solli Øyvind 1984	Ordinary shares	15,000	0.04 %
AL Arve Lier Per 1950	Ordinary shares	14,000	0.04 %
C CAIANO INVEST AS	Ordinary shares	13,026	0.04 %
SS Stavseth Sverre 1945	Ordinary shares	12,763	0.04 %
HC Heffermehl Christofer 1946	Ordinary shares	12,500	0.04 %
O OLDERSKOG AS	Ordinary shares	11,413	0.03 %
RB Rusten Bernt 1975	Ordinary shares	11,300	0.03 %
A AVANZARE CAPITAL AS	Ordinary shares	11,163	0.03 %
RO Rosenvinge Olsen Fredrik 1980	Ordinary shares	11,151	0.03 %
HR Huglen Reidar 1948	Ordinary shares	11,063	0.03 %
PK Patricia Knudsen Nanna 1996	Ordinary shares	11,001	0.03 %
FP Frølich Peter 1956	Ordinary shares	11,000	0.03 %
RF Reginald Finsen Vilhjalmur 1946	Ordinary shares	10,415	0.03 %
J JARAH INVEST AS	Ordinary shares	10,146	0.03 %
O OFFSHORE WIND DESIGN AS	Ordinary shares	10,000	0.03 %

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 %
E ERH AS	Ordinary shares	1,021,345	2.98 %
I IMPACT TECHNOLOGY SYSTEMS AS	Ordinary shares	2,140,234	0.41 %

Last update: Sep 25, 2026

Group structure

BORGESTAD ASA
Total operating income 2025: NOK 4,709,000
Operating profit 2025: NOK -14,808,000
Employees: 0

Financials

in NOK

Summary

Year	2025	2024	2023	2022	2021
Total operating income	4,709,000	8,437,000	101,000	348,000	1,032,000
Annual Total Result	-13,259,000	39,244,000	-106,391,000	-92,549,000	-35,224,000
Total assets	683,862,000	725,637,000	956,269,000	593,027,000	654,173,000
Total liabilities	27,930,000	38,023,000	279,527,000	105,235,000	337,464,000
Total equity	655,932,000	687,614,000	676,742,000	487,793,000	316,710,000

P&L

Year	2025	2024	2023	2022	2021
Total operating income	4,709,000	8,437,000	101,000	348,000	1,032,000
Total operating costs	19,517,000	18,656,000	13,547,000	15,171,000	14,471,000
Operating result	-14,808,000	-10,219,000	-13,446,000	-14,823,000	-13,439,000
Financial income/costs	1,549,000	49,463,000	-92,945,000	-65,824,000	-33,735,000
Profit before tax	-13,259,000	39,244,000	-106,391,000	-80,647,000	-47,174,000
Total tax & extraordinary income/cost	0	0	0	11,902,000	-11,950,000
Annual Total Result	-13,259,000	39,244,000	-106,391,000	-92,549,000	-35,224,000

Balance overview

Year	2025	2024	2023	2022	2021
Total fixed assets	553,773,000	584,031,000	552,821,000	517,284,000	617,873,000
Total current assets	130,089,000	141,606,000	403,448,000	75,743,000	36,300,000
Total assets	683,862,000	725,637,000	956,269,000	593,027,000	654,173,000
Short term debt	22,012,000	31,627,000	273,527,000	3,556,000	5,412,000
Long term debt	5,918,000	6,396,000	6,000,000	101,679,000	332,052,000
Total liabilities	27,930,000	38,023,000	279,527,000	105,235,000	337,464,000
Contributed capital	631,161,000	676,742,000	676,742,000	487,793,000	316,710,000
Retained earnings	24,771,000	10,872,000	0	0	0
Total equity	655,932,000	687,614,000	676,742,000	487,793,000	316,710,000
Total equity and liabilities	683,862,000	725,637,000	956,269,000	593,028,000	654,174,000

Classification

21st company classification

BETA

Small company

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

Standard industrial classification

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