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VELOX ELECTRO NORDICS AS914 719 313

Contractor activities
Limited company
Østerskogen 59 4879 GRIMSTAD, Norge
Construction
/ 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
697

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 11, 2025

Management

Management / administration

NameRoleShares
GM

Geir Mykland

1982

Managing Director/CEO
13.47 %
indirectly

Board

NameRoleShares
TC

Torje Christopher Jørgensen-Hofstøl

1983

Chairman
13.47 %
indirectly
GM

Geir Mykland

1982

Board Member
13.47 %
indirectly

Others

NameRoleShares
N
NITSCHKE AS
Auditor-
B
BDO AS
Accountant-
A
AGDER-TEAM REVISJON AS
Accountant-

Top 10 individual shareholders

NameRoleShares
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

NameShare classTotal number of sharesShare
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

Year2024202320222021
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

Year2024202320222021
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

Year2024202320222021
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
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