AS VÆRDALSBRUKET

Operating

Investere i fast eiendom eller selskaper som eier fast eiendom, og alt som dermed står i forbindelse, samt å forvalte og drifte selskapets eiendommer, herunder skogbruk, foredling, skjøtsel og utnyttelse av eiendommenes øvrige ressurser og enhver virksomhet som står i forbindelse med dette.

Forvaltning og drift av selskapets eiendommer her- under skogbruk, foredling, skjøtsel og utnyttelse av eiendommenes øvrige ressurser og ellers enhver virksomhet som står i forbindelse med dette.

Keywords

round timberwood-basedindustrymining timberfence postspostsfirewoodcharcoallogswood chips

Organization

CEO: AB
Anders Børstad1967
Chairman of the board: BR
Bjørn Rune Gjelsten1956
Years since formation: 31 years; since Feb 19, 1995
Type: Limited company
VAT registered: Yes
Number of employees: 17

Ownership

Number of shares and share classes: 12,947; 1 share class
Total number of shareholders: 1; company
Belongs to group of

Financials

Total operating income 2025: 50,681,593; NOK
Annual total result 2025: 12,486,345; NOK
Total equity 2025: 333,988,525; NOK

Last update: Sep 14, 2026

Management

Management / administration

Name	Role	Shares
AB Anders Børstad 1967	Managing Director/CEO	-

Board

Name	Role	Shares
BR Bjørn Rune Gjelsten 1956	Chairman	20 % indirectly
PS Petter Schouw-Hansen 1982	Board Member	-
AS Asgeir Solheim 1956	Board Member	-

Others

Name	Role	Shares
P PRICEWATERHOUSECOOPERS AS	Auditor	-

Top 10 individual shareholders

Name	Role	Shares
IG Ingrid Gjelsten 2001	-	80 % indirectly
BR Bjørn Rune Gjelsten 1956	Chairman	20 % indirectly

Last update: Feb 16, 2026

Ownership

Company shareholders

Name	Share class	Total number of shares	Share
F FABRITIUS GRUPPEN AS	Ordinary shares	12,947	100 %

Shares owned by the AS VÆRDALSBRUKET

Name	Share class	Total number of shares	Share
I INNTRE HOLDING AS	Ordinary shares	4,390,764	34.29 %

Last update: Jun 2, 2025

Group structure

GJELSTEN HOLDING AS
Total operating income 2025: NOK 1,400,968,000
Operating profit 2025: NOK 1,248,152,000
Employees: 7

Financials

in NOK

Summary

Year	2025	2024	2023	2022	2021
Total operating income	50,681,593	26,511,628	16,405,644	27,330,889	18,602,064
Annual Total Result	12,486,345	10,083,197	5,068,332	41,956,483	75,951,584
Total assets	338,164,724	326,177,127	323,197,482	312,145,966	270,323,123
Total liabilities	4,176,200	4,674,947	17,532,612	8,998,403	5,813,834
Total equity	333,988,525	321,502,180	305,664,870	303,147,563	264,509,289

P&L

Year	2025	2024	2023	2022	2021
Total operating income	50,681,593	26,511,628	16,405,644	27,330,889	18,602,064
Total operating costs	49,904,719	35,817,329	26,097,330	23,413,662	19,253,770
Operating result	776,874	-9,305,701	-9,691,686	3,917,227	-651,706
Financial income/costs	10,322,026	17,180,489	12,649,414	39,114,798	76,379,583
Profit before tax	11,098,900	7,874,788	2,957,728	43,032,025	75,727,877
Total tax & extraordinary income/cost	-1,387,445	-2,208,409	-2,110,604	1,075,542	-223,707
Annual Total Result	12,486,345	10,083,197	5,068,332	41,956,483	75,951,584

Balance overview

Year	2025	2024	2023	2022	2021
Total fixed assets	306,331,555	300,951,288	291,692,161	286,310,378	219,956,015
Total current assets	31,833,170	25,225,839	31,505,321	25,835,588	50,367,108
Total assets	338,164,724	326,177,127	323,197,482	312,145,966	270,323,123
Short term debt	3,695,022	2,806,324	15,078,535	6,871,427	4,069,293
Long term debt	481,178	1,868,623	2,454,077	2,126,976	1,744,541
Total liabilities	4,176,200	4,674,947	17,532,612	8,998,403	5,813,834
Contributed capital	42,702,373	42,702,373	36,948,260	17,967,500	17,967,500
Retained earnings	291,286,152	278,799,807	268,716,610	285,180,063	246,541,789
Total equity	333,988,525	321,502,180	305,664,870	303,147,563	264,509,289
Total equity and liabilities	338,164,724	326,177,127	323,197,482	312,145,966	270,323,123

Classification

21st company classification

BETA

Industrial daughter company

AS VÆRDALSBRUKET920 082 165