KVARV PROPERTIES AS
Organization
- CEO
- OU
Ola Ustad1973
- Chairman of the board
- KS
- Years since formation
- 4 years
- since Nov 20, 2021
- Type
- Limited company
- VAT registered
- No
- Number of employees
- 0
Ownership
- Number of shares and share classes
- 3,000
- 1 share class
- Total number of shareholders
- 1
- company
- Belongs to group of
Financials
- Annual total result 2024
- -658,771
- NOK
- Total equity 2024
- 1,856,049
- NOK
Last update: Sep 9, 2025
Management
Management / administration
| Name | Role | Shares |
|---|---|---|
OU 1973 | Managing Director/CEO | - |
Board
| Name | Role | Shares |
|---|---|---|
KS | Chairman | - |
OU 1973 | Board Member | - |
Others
| Name | Role | Shares |
|---|---|---|
| Auditor | - |
Top 10 individual shareholders
| Name | Role | Shares |
|---|---|---|
GM | - | 97 % indirectly |
TJ | - | 1.04 % indirectly |
GW 1953 | - | 1 % indirectly |
Last update: May 31, 2023
Ownership
Company shareholders
| Name | Share class | Total number of shares | Share |
|---|---|---|---|
| Ordinary shares | 3,000 | 100 % |
Shares owned by the KVARV PROPERTIES AS
| Name | Share class | Total number of shares | Share |
|---|---|---|---|
| Ordinary shares | 100 | 100 % | |
| Ordinary shares | 300 | 100 % | |
| Ordinary shares | 100 | 100 % | |
| Ordinary shares | 6,900 | 100 % |
Last update: Jun 2, 2025
Group structure
- Total operating income 2024: NOK 512,000Operating profit 2024: NOK -46,202,000Employees: 6
Financials
in NOK
Summary
| Year | 2024 | 2023 | 2021 |
|---|---|---|---|
Total operating income | 0 | 0 | 0 |
Annual Total Result | -658,771 | -89,949,752 | -4,345 |
Total assets | 291,058,169 | 225,210,889 | 20,145,950 |
Total liabilities | 289,202,119 | 224,664,986 | 20,150,295 |
Total equity | 1,856,049 | 545,903 | -4,345 |
P&L
| Year | 2024 | 2023 | 2021 |
|---|---|---|---|
Total operating income | 0 | 0 | 0 |
Total operating costs | 743,535 | 83,948,470 | 5,570 |
Operating result | -743,535 | -83,948,470 | -5,570 |
Financial income/costs | 84,764 | -6,000,057 | 0 |
Profit before tax | -658,771 | -89,948,527 | -5,570 |
Total tax & extraordinary income/cost | 0 | 1,225 | -1,225 |
Annual Total Result | -658,771 | -89,949,752 | -4,345 |
Balance overview
| Year | 2024 | 2023 | 2021 |
|---|---|---|---|
Total fixed assets | 241,294,687 | 64,210,889 | 20,145,950 |
Total current assets | 49,763,482 | 161,000,000 | 0 |
Total assets | 291,058,169 | 225,210,889 | 20,145,950 |
Short term debt | 289,202,119 | 224,664,986 | 20,150,295 |
Long term debt | 0 | 0 | 0 |
Total liabilities | 289,202,119 | 224,664,986 | 20,150,295 |
Contributed capital | 1,856,049 | 90,500,000 | 0 |
Retained earnings | 0 | -89,954,097 | -4,345 |
Total equity | 1,856,049 | 545,903 | -4,345 |
Total equity and liabilities | 291,058,169 | 225,210,889 | 20,145,950 |
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