VELOX ELECTRO NORDICS AS • 914719313 • Grimstad • Specialised construction activities

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/ Contractor activities

/ 43.210 Electrical installation

VELOX ELECTRO NORDICS AS

Keywords

installationelectrical installations

Organization

CEO: GM
Geir Mykland1982
Chairman of the board: TC
Torje Christopher Jørgensen-Hofstøl1983
Years since formation: 10 years; since Jan 9, 2015
Type: Limited company
VAT registered: Yes
Number of employees: 654

Ownership

Number of shares and share classes: 4,000; 1 share class
Total number of shareholders: 2; companies
Belongs to group of

Financials

Total operating income 2024: 430,055,271; NOK
Annual total result 2024: 11,105,813; NOK
Total equity 2024: 20,612,930; NOK

Last update: Aug 4, 2025

Management

Management / administration

Name	Role	Shares
GM Geir Mykland 1982	Managing Director/CEO	13.47 % indirectly

Board

Name	Role	Shares
TC Torje Christopher Jørgensen-Hofstøl 1983	Chairman	13.47 % indirectly
GM Geir Mykland 1982	Board Member	13.47 % indirectly

Others

Name	Role	Shares
N NITSCHKE AS	Auditor	-
B BDO AS	Accountant	-
A AGDER-TEAM REVISJON AS	Accountant	-

Top 10 individual shareholders

Name	Role	Shares
FG Filip Gilbert K Schelfhout 1962	-	27.5 % indirectly
IP Ian Paul Wardell 1964	-	27.5 % indirectly
TC Torje Christopher Jørgensen-Hofstøl 1983	Chairman	13.47 % indirectly
GM Geir Mykland 1982	Managing Director/CEO, Board Member	13.47 % indirectly
TO Trond Ove Nygård 1971	-	13.47 % indirectly
JH Jostein Hauge 1967	-	3.66 % indirectly

Last update: May 27, 2025

Ownership

Company shareholders

Name	Share class	Total number of shares	Share
C CTS NORDICS HOLDING AS	Ordinary shares	2,200	55 %
G G.T HOLDING AS	Ordinary shares	1,800	45 %

Last update: Jun 2, 2025

Group structure

CTS NORDICS HOLDING AS
Total operating income 2023: NOK 7,993,014
Operating profit 2023: NOK -1,159,571
Employees: 0

Financials

in NOK

Summary

Year	2024	2023	2022	2021
Total operating income	430,055,271	301,403,926	80,081,814	113,551,172
Annual Total Result	11,105,813	11,778,874	2,837,672	3,807,046
Total assets	157,408,613	105,420,170	39,832,405	29,509,611
Total liabilities	136,795,683	95,913,052	29,832,405	18,852,877
Total equity	20,612,930	9,507,118	10,000,000	10,656,734

P&L

Year	2024	2023	2022	2021
Total operating income	430,055,271	301,403,926	80,081,814	113,551,172
Total operating costs	415,757,812	286,031,438	76,445,554	108,701,386
Operating result	14,297,459	15,372,488	3,636,260	4,849,786
Financial income/costs	88,386	-205,729	71,269	58,798
Profit before tax	14,385,845	15,166,759	3,707,530	4,908,585
Total tax & extraordinary income/cost	3,280,032	3,387,885	869,858	1,101,539
Annual Total Result	11,105,813	11,778,874	2,837,672	3,807,046

Balance overview

Year	2024	2023	2022	2021
Total fixed assets	5,579,921	4,524,827	5,173,586	5,690,506
Total current assets	151,828,692	100,895,343	34,658,818	23,819,105
Total assets	157,408,613	105,420,170	39,832,405	29,509,611
Short term debt	133,513,348	94,317,733	28,216,652	17,059,279
Long term debt	3,282,335	1,595,319	1,615,753	1,793,598
Total liabilities	136,795,683	95,913,052	29,832,405	18,852,877
Contributed capital	40,000	40,000	40,000	40,000
Retained earnings	20,572,930	9,467,118	9,960,000	10,616,734
Total equity	20,612,930	9,507,118	10,000,000	10,656,734
Total equity and liabilities	157,408,613	105,420,170	39,832,405	29,509,611

Classification

Category

/ Contractor activities

Type of organization

Limited company

Classification of institutional sector

INNL

Domestic sectors

A_IKKE-FIN

Non-financial corporations

2100

Private non-financial incorporated enterprises

Standard industrial classification

F

Main industrial area

Construction

43

Activity

Specialised construction activities

43.2

Main industrial group

Electrical, plumbing and other construction installation activities

43.21

Industrial group

Electrical installation

43.210

Industrial group

Electrical installation