NOR DEVELOPMENT GROUP AS
Organization
- CEO
- JG
Jon Gultvedt1970
- Chairman of the board
- NH
- Years since formation
- 3 years
- since Jun 22, 2022
- Type
- Limited company
- VAT registered
- Yes
- Number of employees
- 14
Ownership
- Number of shares and share classes
- 100
- 1 share class
- Total number of shareholders
- 1
- company
- Belongs to group of
Financials
- Total operating income 2024
- 42,834,957
- NOK
- Annual total result 2024
- 9,998,885
- NOK
- Total equity 2024
- 59,667,945
- NOK
Last update: Sep 9, 2025
Management
Management / administration
| Name | Role | Shares |
|---|---|---|
JG 1970 | Managing Director/CEO | - |
Board
| Name | Role | Shares |
|---|---|---|
NH | Chairman | - |
VE 1960 | Board Member | - |
Others
| Name | Role | Shares |
|---|---|---|
| Auditor | - |
Top 10 individual shareholders
| Name | Role | Shares |
|---|---|---|
TH 1970 | - | 25 % indirectly |
WØ 1966 | - | 25 % indirectly |
CS | - | 8.33 % indirectly |
MB 1971 | - | 8.33 % indirectly |
TB 2005 | - | 8.33 % indirectly |
| - | 6.3 % indirectly | |
| - | 4.73 % indirectly | |
| - | 4.73 % indirectly |
Last update: Jul 28, 2025
Ownership
Company shareholders
| Name | Share class | Total number of shares | Share |
|---|---|---|---|
| Ordinary shares | 100 | 100 % |
Shares owned by the NOR DEVELOPMENT GROUP AS
| Name | Share class | Total number of shares | Share |
|---|---|---|---|
| Ordinary shares | 780 | 100 % | |
| Ordinary shares | 760 | 100 % |
Last update: Jun 2, 2025
Group structure
- Total operating income 2024: NOK 38,202,000Operating profit 2024: NOK 10,023,000Employees: 10
Financials
in NOK
Summary
| Year | 2024 | 2023 | 2022 |
|---|---|---|---|
Total operating income | 42,834,957 | 40,917,661 | 5,095,856 |
Annual Total Result | 9,998,885 | 42,193,674 | 19,786 |
Total assets | 78,967,789 | 69,247,714 | 44,691,587 |
Total liabilities | 19,299,844 | 19,578,655 | 7,216,202 |
Total equity | 59,667,945 | 49,669,059 | 37,475,385 |
P&L
| Year | 2024 | 2023 | 2022 |
|---|---|---|---|
Total operating income | 42,834,957 | 40,917,661 | 5,095,856 |
Total operating costs | 50,926,204 | 41,924,412 | 6,362,747 |
Operating result | -8,091,248 | -1,006,752 | -1,266,891 |
Financial income/costs | 18,031,212 | 43,058,111 | 1,294,504 |
Profit before tax | 9,939,964 | 42,051,359 | 27,614 |
Total tax & extraordinary income/cost | -58,921 | -142,315 | 7,828 |
Annual Total Result | 9,998,885 | 42,193,674 | 19,786 |
Balance overview
| Year | 2024 | 2023 | 2022 |
|---|---|---|---|
Total fixed assets | 58,918,946 | 54,761,118 | 37,594,226 |
Total current assets | 20,048,843 | 14,486,596 | 7,097,361 |
Total assets | 78,967,789 | 69,247,714 | 44,691,587 |
Short term debt | 19,299,844 | 19,578,655 | 7,208,374 |
Long term debt | 0 | 0 | 7,828 |
Total liabilities | 19,299,844 | 19,578,655 | 7,216,202 |
Contributed capital | 37,455,599 | 37,455,599 | 31,476,865 |
Retained earnings | 22,212,345 | 12,213,460 | 5,998,520 |
Total equity | 59,667,945 | 49,669,059 | 37,475,385 |
Total equity and liabilities | 78,967,789 | 69,247,714 | 44,691,587 |
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