KVARV ASSETS 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
- Yes
- 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
- Total operating income 2024
- 2,500,000
- NOK
- Annual total result 2024
- -1,861,388
- NOK
- Total equity 2024
- 556,681
- 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 % |
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 | 2,500,000 | 2,757,883 | 0 |
Annual Total Result | -1,861,388 | -7,657,562 | 0 |
Total assets | 47,251,718 | 51,849,620 | 48,639,712 |
Total liabilities | 46,695,037 | 51,431,551 | 48,564,080 |
Total equity | 556,681 | 418,070 | 75,632 |
P&L
| Year | 2024 | 2023 | 2021 |
|---|---|---|---|
Total operating income | 2,500,000 | 2,757,883 | 0 |
Total operating costs | 2,708,521 | 2,909,890 | 0 |
Operating result | -208,521 | -152,007 | 0 |
Financial income/costs | -1,652,867 | -2,873,041 | 0 |
Profit before tax | -1,861,388 | -3,025,048 | 0 |
Total tax & extraordinary income/cost | 0 | 4,632,514 | 0 |
Annual Total Result | -1,861,388 | -7,657,562 | 0 |
Balance overview
| Year | 2024 | 2023 | 2021 |
|---|---|---|---|
Total fixed assets | 40,135,190 | 24,887,465 | 32,139,712 |
Total current assets | 7,116,529 | 26,962,156 | 16,500,000 |
Total assets | 47,251,718 | 51,849,620 | 48,639,712 |
Short term debt | 15,000 | 0 | 5,570 |
Long term debt | 46,680,037 | 51,431,551 | 48,558,510 |
Total liabilities | 46,695,037 | 51,431,551 | 48,564,080 |
Contributed capital | 556,681 | 24,500,000 | 16,500,000 |
Retained earnings | 0 | -24,081,930 | -16,424,368 |
Total equity | 556,681 | 418,070 | 75,632 |
Total equity and liabilities | 47,251,718 | 51,849,621 | 48,639,712 |
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