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M

MUST AS933 542 084

Purchase and sale
Limited company
Haakon VIIs gate 2 0161 OSLO, Norge

MUST AS

Operating
Handel, økonomisk konsulentvirksomhet, investeringer i aksjer, verdipapirer, fast eiendom og skip, samt deltakese i andre selskaper.
Handel og økonomisk konsulentvirksomhet.

Keywords

books

Organization

CEO
AN

Arild Nysæther1971

Chairman of the board
EM

Erik Must1943

Years since formation
31 years
since Feb 19, 1995
Type
Limited company
VAT registered
Yes
Number of employees
0

Ownership

Number of shares and share classes
10,150
3 share classes
Total number of shareholders
11
3 companies, 8 persons
Belongs to group of

Financials

Total operating income 2025
155,936,598
NOK
Annual total result 2025
144,303,936
NOK
Total equity 2025
1,678,345,551
NOK
Last update: Sep 9, 2026

Management

Management / administration

NameRoleShares
AN

Arild Nysæther

1971

Managing Director/CEO-

Board

NameRoleShares
EM

Erik Must

1943

Chairman-
TM

Trine Must

1971

Board Member-
AA

Annelise Altenburg Must

1944

Board Member-
EC

Erik Christian Must

1973

Board Member-

Others

NameRoleShares
C
CROWE PARTNER REVISJON AS
Auditor-

Top 10 individual shareholders

NameRoleShares
MT

Must Trine

1971

-
49.2 %
directly 39.75 %
indirectly 9.45 %
CM

Christian Must Erik

1973

-
49.19 %
directly 39.74 %
indirectly 9.45 %
Last update: Apr 13, 2023

Ownership

Company shareholders

NameShare classTotal number of sharesShare
MT

Must Trine

1971

Class B shares
4,000
39.41 %
CM

Christian Must Erik

1973

Class B shares
4,000
39.41 %
F
FONDSFORMIDLING AS
C-shares
959
9.45 %
A
AS FONDAL
C-shares
959
9.45 %
M
MUST AS
C-shares
120
1.18 %
ME

Must Erik

1943

A-shares
38
0.37 %
MT

Must Trine

1971

A-shares
35
0.34 %
CM

Christian Must Erik

1973

A-shares
34
0.33 %
MR

Must Rebecka

2004

A-shares
1
< 0.01 %
MJ

Must Jonathan

2006

A-shares
1
< 0.01 %
MI

Must Iben

2007

A-shares
1
< 0.01 %

Shares owned by the MUST AS

NameShare classTotal number of sharesShare
F
FONDSFINANS AS
Ordinary shares
4,798
100 %
N
NORSK VEKST AS
Ordinary shares
1,000
100 %
F
FONDSFINANS KAPITALFORVALTNING AS
Ordinary shares
10,600
100 %
F
FONDSAVANSE AS
Ordinary shares
25
100 %
M
MUST INVEST AS
Ordinary shares
9
100 %
G
GYLDENDAL ASA
Ordinary shares
2,020,146
85.88 %
N
NORNE SECURITIES AS
Ordinary shares
532,730
2.89 %
M
MUST AS
C-shares
120
1.18 %
M
MENTOR MEDIER AS
Ordinary shares
100
< 0.01 %
Last update: Sep 25, 2026

Group structure

  • MUST AS
    Total operating income 2025: NOK 155,936,598
    Operating profit 2025: NOK 140,792,377
    Employees: 0

Financials

in NOK

Summary

Year20252024202320222021
Total operating income
155,936,598
90,300,060
60,141,062
57,801,460
33,941,981
Annual Total Result
144,303,936
78,007,223
53,054,397
49,339,147
29,531,163
Total assets
1,857,981,752
1,808,857,840
1,777,771,566
1,738,528,170
1,741,805,574
Total liabilities
179,636,201
154,816,227
96,737,173
5,521,680
38,032,811
Total equity
1,678,345,551
1,654,041,614
1,681,034,392
1,733,006,490
1,703,772,763

P&L

Year20252024202320222021
Total operating income
155,936,598
90,300,060
60,141,062
57,801,460
33,941,981
Total operating costs
15,144,221
15,023,368
9,042,668
16,871,860
10,155,651
Operating result
140,792,377
75,276,692
51,098,394
40,929,600
23,786,330
Financial income/costs
3,511,559
2,730,531
1,998,693
8,410,308
5,745,836
Profit before tax
144,303,936
78,007,223
53,097,087
49,339,908
29,532,166
Total tax & extraordinary income/cost
0
0
42,690
761
1,003
Annual Total Result
144,303,936
78,007,223
53,054,397
49,339,147
29,531,163

Balance overview

Year20252024202320222021
Total fixed assets
1,655,937,166
1,655,937,166
1,655,937,166
1,655,940,417
1,655,941,178
Total current assets
202,044,586
152,920,674
121,834,400
82,587,753
85,864,396
Total assets
1,857,981,752
1,808,857,840
1,777,771,566
1,738,528,170
1,741,805,574
Short term debt
179,636,201
154,816,227
96,737,173
5,521,680
38,032,811
Long term debt
0
0
0
0
0
Total liabilities
179,636,201
154,816,227
96,737,173
5,521,680
38,032,811
Contributed capital
329,283,751
329,283,751
329,283,751
329,294,751
329,296,951
Retained earnings
1,349,061,800
1,324,757,863
1,351,750,641
1,403,711,739
1,374,475,812
Total equity
1,678,345,551
1,654,041,614
1,681,034,392
1,733,006,490
1,703,772,763
Total equity and liabilities
1,857,981,752
1,808,857,841
1,777,771,565
1,738,528,170
1,741,805,574

Classification

21st company classification
BETA
Industrial mother company
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
G
Main industrial area
Wholesale and retail trade; repair of motor vehicles and motorcycles
47
Activity
Retail trade, except of motor vehicles and motorcycles
47.6
Main industrial group
Retail sale of cultural and recreation goods in specialised stores
47.61
Industrial group
Retail sale of books in specialised stores
47.610
Industrial group
Retail sale of books in specialised stores