NAVIC SOLUTIONS AS

MAIN_EN - NAVIC

OIL AND GAS SECTOR We are a provider of solutions for the oil and gas industry. Our Clients include global leaders of the sector. We design both new structures, plant and machinery, as well as modifications and modernisations of existing structures. We offer engineering and managerial support throughout the investment process. Read more METALLURGY SECTOR

Keywords

engineering servicespowerenergytransportwatersewagedrainageindustrymanufacturingtelecommunicationsbroadcastingpolicy analysisregulationsexpert opinionswitness statementsmechanical engineeringautomotive engineeringchemical engineeringtechnical consulting

Organization

CEO: TF
Torgeir Fauske1976
Chairman of the board: EM
Eivind Midlang1978
Years since formation: 19 years; since Jan 5, 2006
Type: Limited company
VAT registered: Yes
Number of employees: 0

Ownership

Number of shares and share classes: 10,000; 1 share class
Total number of shareholders: 1; company
Belongs to group of

Financials

Total operating income 2023: 5,408,692; NOK
Annual total result 2023: 510,760; NOK
Total equity 2023: -425,346; NOK

Last update: Sep 12, 2024

Management

Management / administration

Name	Role	Shares
TF Torgeir Fauske 1976	Managing Director/CEO	50 % indirectly

Board

Name	Role	Shares
EM Eivind Midlang 1978	Chairman	50 % indirectly
TF Torgeir Fauske 1976	Deputy Chair	50 % indirectly

Others

Name	Role	Shares
V VEST REKNESKAP AS	Accountant	-

Top 10 individual shareholders

Name	Role	Shares
TF Torgeir Fauske 1976	Managing Director/CEO, Deputy Chair	50 % indirectly
EM Eivind Midlang 1978	Chairman	50 % indirectly

Last update: Apr 13, 2023

Ownership

Company shareholders

Name	Share class	Number of shares	Share
N NAVIC AS	Ordinary shares	10,000	100 %

Last update: May 24, 2024

Group structure

NAVIC AS
Total operating income 2023: NOK 4,000
Operating profit 2023: NOK 1,284,974
Employees: 0

Financials

in NOK

Summary

Year	2023	2022	2021
Total operating income	5,408,692	4,892,728	4,672,250
Annual Total Result	510,760	861,809	1,158,504
Total assets	2,093,627	1,635,539	1,059,033
Total liabilities	2,518,972	2,571,645	2,856,948
Total equity	-425,346	-936,106	-1,797,914

P&L

Year	2023	2022	2021
Total operating income	5,408,692	4,892,728	4,672,250
Total operating costs	4,690,898	3,950,760	3,480,980
Operating result	717,794	941,967	1,191,270
Financial income/costs	-207,034	-80,159	-32,766
Profit before tax	510,760	861,809	1,158,504
Total tax & extraordinary income/cost	0	0	0
Annual Total Result	510,760	861,809	1,158,504

Balance overview

Year	2023	2022	2021
Total fixed assets	0	0	0
Total current assets	2,093,627	1,635,539	1,059,033
Total assets	2,093,627	1,635,539	1,059,033
Short term debt	2,518,972	2,571,645	2,856,948
Long term debt	0	0	0
Total liabilities	2,518,972	2,571,645	2,856,948
Contributed capital	1,135,000	1,135,000	1,135,000
Retained earnings	-1,560,346	-2,071,106	-2,932,914
Total equity	-425,346	-936,106	-1,797,914
Total equity and liabilities	2,093,627	1,635,539	1,059,033

NAVIC SOLUTIONS AS989 024 337