ISQUEEN AS • 952217860 • Leknes • Fishing and aquaculture

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/ Ocean Aquaculture

/ 03.211 Operation of marine fish farms

ISQUEEN AS

Keywords

productionaquatic organismsseacoastslaughter

Organization

CEO: KJ
Kurt Johan Svendsen1969
Chairman of the board: EJ
Erling Johan Vestgård1968
Years since formation: 30 years; since Feb 19, 1995
Type: Limited company
VAT registered: Yes
Number of employees: 55

Ownership

Number of shares and share classes: 1,150; 1 share class
Total number of shareholders: 3; 1 company, 2 persons
Belongs to group of

Financials

Total operating income 2024: 320,208,634; NOK
Annual total result 2024: 42,047,865; NOK
Total equity 2024: 230,921,921; NOK

Last update: Aug 2, 2025

Management

Management / administration

Name	Role	Shares
KJ Kurt Johan Svendsen 1969	Managing Director/CEO	61.68 % directly 3.48 % indirectly 58.21 %

Board

Name	Role	Shares
EJ Erling Johan Vestgård 1968	Chairman	-
VS Violet Svendsen 1955	Board Member	-
KJ Kurt Johan Svendsen 1969	Board Member	61.68 % directly 3.48 % indirectly 58.21 %

Others

Name	Role	Shares
L LOFOTREVISJON AS	Auditor	-
S SPAREBANK 1 REGNSKAPSHUSET NORD-NORGE AS	Accountant	-

Top 10 individual shareholders

Name	Role	Shares
KJ Kurt Johan Svendsen 1969	Managing Director/CEO, Board Member	61.68 % directly 3.48 % indirectly 58.21 %
GR Geir Ronny Svendsen 1961	-	38.32 % directly 5.22 % indirectly 33.1 %

Last update: Jan 31, 2024

Ownership

Company shareholders

Name	Share class	Total number of shares	Share
U URE EIENDOM AS	Ordinary shares	1,050	91.3 %
GR Geir Ronny Svendsen 1961	Ordinary shares	60	5.22 %
KJ Kurt Johan Svendsen 1969	Ordinary shares	40	3.48 %

Shares owned by the ISQUEEN AS

Name	Share class	Total number of shares	Share
P POLARSMOLT AS	Ordinary shares	30,000	100 %
P POLAR QUALITY AS	Ordinary shares	3,500	6.14 %
N NORSKIN MATERIALS AS	Ordinary shares	250	3.43 %
L LOVE UTVIKLING AS	Ordinary shares	4	1.85 %

Last update: Jun 2, 2025

Group structure

URE INVEST AS
Total operating income 2023: NOK 0
Operating profit 2023: NOK -158,248
Employees: 0

Financials

in NOK

Summary

Year	2024	2023	2022	2021
Total operating income	320,208,634	308,991,826	192,651,788	173,228,590
Annual Total Result	42,047,865	46,926,711	28,979,635	21,348,648
Total assets	794,815,889	543,322,614	492,294,177	280,512,922
Total liabilities	563,893,968	345,315,580	336,533,855	146,232,234
Total equity	230,921,921	198,007,033	155,760,322	134,280,687

P&L

Year	2024	2023	2022	2021
Total operating income	320,208,634	308,991,826	192,651,788	173,228,590
Total operating costs	272,287,575	234,447,026	149,432,878	145,224,136
Operating result	47,921,058	74,544,800	43,218,910	28,004,454
Financial income/costs	6,691,481	-14,694,448	-5,821,877	-1,131,463
Profit before tax	54,612,540	59,850,352	37,397,033	26,872,991
Total tax & extraordinary income/cost	12,564,675	12,923,641	8,417,398	5,524,343
Annual Total Result	42,047,865	46,926,711	28,979,635	21,348,648

Balance overview

Year	2024	2023	2022	2021
Total fixed assets	491,328,326	304,550,433	274,647,131	62,229,629
Total current assets	303,487,564	238,772,181	217,647,046	218,283,293
Total assets	794,815,889	543,322,614	492,294,177	280,512,922
Short term debt	103,910,972	51,786,230	54,338,192	64,136,180
Long term debt	459,982,997	293,529,350	282,195,663	82,096,054
Total liabilities	563,893,968	345,315,580	336,533,855	146,232,234
Contributed capital	6,065,159	6,065,159	6,065,159	6,065,159
Retained earnings	224,856,762	191,941,875	149,695,164	128,215,529
Total equity	230,921,921	198,007,033	155,760,322	134,280,687
Total equity and liabilities	794,815,889	543,322,614	492,294,177	280,512,922

Classification

Category

/ Ocean Aquaculture

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

A

Main industrial area

Agriculture, forestry and fishing

03

Activity

Fishing and aquaculture

03.2

Main industrial group

Aquaculture

03.21

Industrial group

Marine aquaculture

03.211

Industrial group

Operation of marine fish farms