BORGSTEIN INVEST AS • 979196377 • Ulsteinvik • Real estate activities

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Goods and trade

BORGSTEIN INVEST AS

Keywords

apartmentsrentalagricultural landagricultural properties

Organization

CEO: MU
Morten Ulstein1953
Chairman of the board: MU
Morten Ulstein1953
Years since formation: 27 years; since Sep 9, 1997
Type: Limited company
VAT registered: No
Number of employees: 0

Ownership

Number of shares and share classes: 50; 1 share class
Total number of shareholders: 1; company
Belongs to group of

Financials

Annual total result 2023: 1,227,829; NOK
Total equity 2023: 24,942,747; NOK

Last update: Aug 29, 2024

Management

Management / administration

Name	Role	Shares
MU Morten Ulstein 1953	Managing Director/CEO	20 % indirectly

Board

Name	Role	Shares
MU Morten Ulstein 1953	Chairman	20 % indirectly
IM Ingunn Merete Ulstein Botnen 1955	Board Member	20 % indirectly
HU Henning Ulstein 1956	Board Member	20 % indirectly
HU Håvard Ulstein 1959	Board Member	20 % indirectly
SI Svein Idar Ulstein 1963	Board Member	20 % indirectly

Others

Name	Role	Shares
B BDO AS	Auditor	-
H HASUND AS	Accountant	-

Top 10 individual shareholders

Name	Role	Shares
MU Morten Ulstein 1953	Managing Director/CEO, Chairman	20 % indirectly
HU Håvard Ulstein 1959	Board Member	20 % indirectly
SI Svein Idar Ulstein 1963	Board Member	20 % indirectly
IM Ingunn Merete Ulstein Botnen 1955	Board Member	20 % indirectly
HU Henning Ulstein 1956	Board Member	20 % indirectly

Last update: Apr 13, 2023

Ownership

Company shareholders

Name	Share class	Number of shares	Share
B BORGSTEIN AS	Ordinary shares	50	100 %

Shares owned by the BORGSTEIN INVEST AS

Name	Share class	Number of shares	Share
I ISLAND OFFSHORE INVEST AS	Ordinary shares	7,500	50 %
U ULSTEIN MARINE TECHNOLOGY AS	Ordinary shares	809	28.39 %
S SYDVESTOR AS	NO0010036098	39	2.7 %

Last update: May 24, 2024

Group structure

BORGSTEIN AS
Total operating income 2023: NOK 49,668,283
Operating profit 2023: NOK 17,772,229
Employees: 23

Financials

in NOK

Summary

Year	2023	2022	2021
Total operating income	0	0	0
Annual Total Result	1,227,829	-1,834,124	895,128
Total assets	28,449,887	23,067,686	22,799,581
Total liabilities	3,507,140	2,528,049	127,479
Total equity	24,942,747	20,539,637	22,672,102

P&L

Year	2023	2022	2021
Total operating income	0	0	0
Total operating costs	60,942	49,866	39,579
Operating result	-60,942	-49,866	-39,579
Financial income/costs	1,389,252	-1,688,995	973,505
Profit before tax	1,328,310	-1,738,861	933,927
Total tax & extraordinary income/cost	100,481	95,263	38,799
Annual Total Result	1,227,829	-1,834,124	895,128

Balance overview

Year	2023	2022	2021
Total fixed assets	23,839,814	22,785,434	19,247,935
Total current assets	4,610,072	282,252	3,551,646
Total assets	28,449,887	23,067,686	22,799,581
Short term debt	3,507,140	2,528,049	127,479
Long term debt	0	0	0
Total liabilities	3,507,140	2,528,049	127,479
Contributed capital	24,039,637	20,539,637	20,678,781
Retained earnings	903,110	0	1,993,321
Total equity	24,942,747	20,539,637	22,672,102
Total equity and liabilities	28,449,887	23,067,686	22,799,581

Classification

Category

Goods and trade

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

L

Main industrial area

Real estate activities

68

Activity

Real estate activities

68.2

Main industrial group

Renting and operating of own or leased real estate

68.20

Industrial group

Renting and operating of own real estate

68.209

Industrial group

Other letting of real estate