NOVECO AS
Organization
- CEO
- KÅ
Karl Åge Midbøe1957
- Chairman of the board
- KÅ
Karl Åge Midbøe1957
- Years since formation
- 18 years
- since Jul 5, 2007
- Type
- Limited company
- VAT registered
- No
- Number of employees
- 0
Ownership
- Number of shares and share classes
- 100,000
- 1 share class
- Total number of shareholders
- 3
- persons
- Belongs to group of
Financials
- Total operating income 2024
- 40,000
- NOK
- Annual total result 2024
- 21,516
- NOK
- Total equity 2024
- 80,705
- NOK
Last update: Sep 9, 2025
Management
Management / administration
| Name | Role | Shares |
|---|---|---|
KÅ 1957 | Managing Director/CEO | 79 % directly |
Board
| Name | Role | Shares |
|---|---|---|
KÅ 1957 | Chairman | 79 % directly |
Others
| Name | Role | Shares |
|---|---|---|
| Accountant | - |
Top 10 individual shareholders
| Name | Role | Shares |
|---|---|---|
KÅ 1957 | Managing Director/CEO, Chairman | 79 % directly |
JO | - | 11 % directly |
CF 1969 | - | 10 % directly |
Last update: Apr 13, 2023
Ownership
Company shareholders
| Name | Share class | Total number of shares | Share |
|---|---|---|---|
KÅ 1957 | Ordinary shares | 79,000 | 79 % |
JO | Ordinary shares | 11,000 | 11 % |
CF 1969 | Ordinary shares | 10,000 | 10 % |
Shares owned by the NOVECO AS
| Name | Share class | Total number of shares | Share |
|---|---|---|---|
| Ordinary shares | 140,000 | 100 % |
Last update: Jun 2, 2025
Group structure
- Total operating income 2024: NOK 40,000Operating profit 2024: NOK 31,249Employees: 0
Financials
in NOK
Summary
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total operating income | 40,000 | 38,000 | 0 | 0 |
Annual Total Result | 21,516 | 31,049 | -8,856 | -12,285 |
Total assets | 93,930 | 65,539 | 31,695 | 40,551 |
Total liabilities | 13,225 | 6,350 | 3,555 | 3,555 |
Total equity | 80,705 | 59,189 | 28,140 | 36,996 |
P&L
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total operating income | 40,000 | 38,000 | 0 | 0 |
Total operating costs | 8,751 | 4,156 | 8,856 | 12,285 |
Operating result | 31,249 | 33,844 | -8,856 | -12,285 |
Financial income/costs | 0 | 0 | 0 | 0 |
Profit before tax | 31,249 | 33,844 | -8,856 | -12,285 |
Total tax & extraordinary income/cost | 9,733 | 2,795 | 0 | 0 |
Annual Total Result | 21,516 | 31,049 | -8,856 | -12,285 |
Balance overview
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total fixed assets | 1 | 1 | 1 | 1 |
Total current assets | 93,929 | 65,538 | 31,694 | 40,550 |
Total assets | 93,930 | 65,539 | 31,695 | 40,551 |
Short term debt | 13,225 | 6,350 | 3,555 | 3,555 |
Long term debt | 0 | 0 | 0 | 0 |
Total liabilities | 13,225 | 6,350 | 3,555 | 3,555 |
Contributed capital | 100,000 | 100,000 | 100,000 | 100,000 |
Retained earnings | -19,295 | -40,811 | -71,860 | -63,004 |
Total equity | 80,705 | 59,189 | 28,140 | 36,996 |
Total equity and liabilities | 93,930 | 65,539 | 31,695 | 40,551 |
Classification
Type of organization
Limited company
Classification of institutional sector
INNL
Domestic sectors
A_IKKE-FIN
Non-financial corporations
2100
Private non-financial incorporated enterprises