INITIAL FORCE AS

Initial Force - Sports Performance Technology

Initial Force AS is a sports performance technology company in Trondheim, Norway

Organization

CEO: TC
Tom Christian Lindvåg1975
Chairman of the board: TE
Thor Egil Five1959
Years since formation: 19 years; since Oct 16, 2006
Type: Limited company
VAT registered: Yes
Number of employees: 21

Ownership

Number of shares and share classes: 68,914,788; 2 share classes
Total number of shareholders: 67; 23 companies, 44 persons

Financials

Total operating income 2024: 36,537,676; NOK
Annual total result 2024: -5,999,383; NOK
Total equity 2024: 21,001,133; NOK

Last update: Sep 2, 2025

Management

Management / administration

Name	Role	Shares
TC Tom Christian Lindvåg 1975	Managing Director/CEO	-

Board

Name	Role	Shares
KR Kristian Rathe 1978	Board Member	-
KA Kristoffer Aanerud Nielsen 1982	Board Member	-
KS Ketil Stene Jansen 1954	Observer	3.63 % indirectly
SB Sophie Bodd Jenssen 1981	Board Member	-
TE Thor Egil Five 1959	Chairman	-
LM Lars Michael Rinnan 1966	Board Member	-

Others

Name	Role	Shares
E ERNST & YOUNG AS	Auditor	-

Top 10 individual shareholders

Name	Role	Shares
KS Ketil Stene Jansen 1954	Observer	3.63 % indirectly
KO Karl Oskar Sanderød 1950	-	2.61 % directly
OA Odd Asbjørn Lindvåg 1944	-	2.03 % directly
KA Kjell Agnar Fossli 1942	-	1.67 % indirectly
ØE Øystein Eklund Krog 1985	-	1.14 % directly
OC Ole Christer Basma 1972	-	1.03 % indirectly

Last update: Nov 21, 2024

Ownership

Company shareholders

Name	Share class	Total number of shares	Share
J JENSSEN & CO AS	Ordinary shares	24,543,741	35.61 %
B BLUE RIVER INVEST AS	Ordinary shares	11,522,840	16.72 %
BL Berme Llc	Ordinary shares	4,993,269	7.25 %
L LYNG GRUPPEN AS	Ordinary shares	3,935,734	5.71 %
B BAGØIEN AS	Ordinary shares	3,316,234	4.81 %
B BODDCO AS	Ordinary shares	2,683,418	3.89 %
V VIDVANGEN AS	Ordinary shares	2,501,877	3.63 %
KO Karl Oskar Sanderød 1950	Ordinary shares	1,662,507	2.41 %
PS Pettersen Suzann	Ordinary shares	1,485,714	2.16 %
J JENSSEN & CO AS	A-shares	1,375,000	2 %
OA Odd Asbjørn Lindvåg 1944	Ordinary shares	1,308,605	1.9 %
B BLUE RIVER INVEST AS	A-shares	1,250,000	1.81 %
K KAFO UTVIKLING AS	Ordinary shares	1,152,200	1.67 %
ØE Øystein Eklund Krog 1985	Ordinary shares	712,798	1.03 %
M MCB INVEST AS	Ordinary shares	711,111	1.03 %
B BAI AS	Ordinary shares	708,450	1.03 %
EA Espen Alexander Furst Ihlen 1979	Ordinary shares	500,000	0.73 %
D DAHLEMOEN NÆRINGSPARK AS	Ordinary shares	400,000	0.58 %
L LYNG GRUPPEN AS	A-shares	375,000	0.54 %
M MIDT NORSK UTLEIE AS	Ordinary shares	361,644	0.52 %
JA Jørgen Anton Eng 1950	Ordinary shares	300,000	0.44 %
T TRONDHEIM MANUELL TERAPI AS	Ordinary shares	283,333	0.41 %
B BAGØIEN AS	A-shares	240,000	0.35 %
V VIDVANGEN AS	A-shares	225,000	0.33 %
G GTT EIENDOM ANS	Ordinary shares	216,000	0.31 %
TC Tom Christian Lindvåg 1975	Ordinary shares	212,482	0.31 %
B BODDCO AS	A-shares	159,750	0.23 %
HG Heidi Gjerdrum 1975	Ordinary shares	143,333	0.21 %
KO Karl Oskar Sanderød 1950	A-shares	137,500	0.2 %
BS Bjørn Samdahl 1952	Ordinary shares	128,572	0.19 %
KR Kristian Rathe 1978	Ordinary shares	127,179	0.18 %
DT Dejarlais Tim	Ordinary shares	116,073	0.17 %
DG Daniel Groos 1994	Ordinary shares	100,000	0.15 %
OA Odd Asbjørn Lindvåg 1944	A-shares	90,000	0.13 %
AA Aage Aune 1960	Ordinary shares	84,910	0.12 %
MV Marcus Vinicius Guedes	Ordinary shares	82,000	0.12 %
VS Vegard Samdahl 1978	Ordinary shares	80,915	0.12 %
CC Carl Christian Hansen 1976	Ordinary shares	76,923	0.11 %
SS Sigve Skurdal Skagen 1992	Ordinary shares	76,923	0.11 %
Y YETI INTERNATIONAL AS	Ordinary shares	76,923	0.11 %
ØE Øystein Eklund Krog 1985	A-shares	75,000	0.11 %
M MCB INVEST AS	A-shares	50,750	0.07 %
BS Bjørn Samdahl 1952	A-shares	50,000	0.07 %
NI Nils Ivar Dyrnes 1992	Ordinary shares	38,462	0.06 %
AS Adrian Sæther Stadsøy 1998	Ordinary shares	30,769	0.04 %
OM Olga Mykhailova 1986	Ordinary shares	30,769	0.04 %
M MIDT NORSK UTLEIE AS	A-shares	24,500	0.04 %
AG Andreas Gullberg Larsen 1984	Ordinary shares	22,021	0.03 %
SB Steinar Braaten 1962	Ordinary shares	19,847	0.03 %
OW Ole Wilhelm Støren 1952	Ordinary shares	17,500	0.03 %
SN Sofie Nygaard 1998	Ordinary shares	15,385	0.02 %
FR Frida Rystad Sund 1996	Ordinary shares	15,385	0.02 %
B BAI AS	A-shares	12,500	0.02 %
DT Dejarlais Tim	A-shares	12,500	0.02 %
TC Tom Christian Lindvåg 1975	A-shares	10,000	< 0.01 %
KR Kristian Rathe 1978	A-shares	10,000	< 0.01 %
GJ Gerardus Johannes Cornelis Ettema 1962	Ordinary shares	6,667	< 0.01 %
SH Simen Husby 1983	Ordinary shares	3,333	< 0.01 %
RW Rolf Westly 1955	Ordinary shares	3,333	< 0.01 %
VS Vegard Samdahl 1978	A-shares	2,500	< 0.01 %
ST Ståle Torger Stokke 1984	Ordinary shares	2,428	< 0.01 %
EA Erlend Angelsen 1982	Ordinary shares	1,358	< 0.01 %
SH Stian Hansen Eklund 1988	Ordinary shares	565	< 0.01 %
KK Kenneth Kristiansen 1984	Ordinary shares	500	< 0.01 %
AE Astrid Egeland 1963	Ordinary shares	358	< 0.01 %
CA Christoffer Arendt Aune 1982	Ordinary shares	250	< 0.01 %
TV Tom Vollan 1964	Ordinary shares	150	< 0.01 %

Last update: Jun 2, 2025

Financials

in NOK

Summary

Year	2024	2023	2022	2021
Total operating income	36,537,676	34,170,872	23,669,132	28,881,951
Annual Total Result	-5,999,383	-1,639,089	-2,442,583	1,347,812
Total assets	35,101,027	28,599,662	33,869,129	32,347,072
Total liabilities	14,099,894	10,730,255	7,778,453	10,470,110
Total equity	21,001,133	17,869,406	26,090,676	21,876,962

P&L

Year	2024	2023	2022	2021
Total operating income	36,537,676	34,170,872	23,669,132	28,881,951
Total operating costs	42,326,068	36,047,387	27,118,686	26,867,786
Operating result	-5,788,392	-1,876,515	-3,449,554	2,014,165
Financial income/costs	-210,991	237,425	328,817	-292,107
Profit before tax	-5,999,383	-1,639,089	-3,120,737	1,722,058
Total tax & extraordinary income/cost	0	0	-678,154	374,246
Annual Total Result	-5,999,383	-1,639,089	-2,442,583	1,347,812

Balance overview

Year	2024	2023	2022	2021
Total fixed assets	23,434,304	10,978,153	22,743,465	18,474,570
Total current assets	11,666,723	17,621,509	11,125,664	13,872,502
Total assets	35,101,027	28,599,662	33,869,129	32,347,072
Short term debt	13,395,894	9,402,255	5,826,453	7,950,110
Long term debt	704,000	1,328,000	1,952,000	2,520,000
Total liabilities	14,099,894	10,730,255	7,778,453	10,470,110
Contributed capital	21,001,133	19,686,068	26,090,676	20,410,480
Retained earnings	0	-1,816,662	0	1,466,482
Total equity	21,001,133	17,869,406	26,090,676	21,876,962
Total equity and liabilities	35,101,027	28,599,662	33,869,129	32,347,072

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

INITIAL FORCE AS990 340 048

INITIAL FORCE AS

Links

Organization

Ownership

Financials

Management

Management / administration

Board

Others

Top 10 individual shareholders

Ownership

Company shareholders

Financials

Summary

P&L

Balance overview

Classification