TIMBERBAY AS
Organization
- CEO
- KO
Knut Olav Skaar1977
- Chairman of the board
- BH
- Years since formation
- 9 years
- since Dec 5, 2016
- Type
- Limited company
- VAT registered
- No
- Number of employees
- 0
Ownership
- Number of shares and share classes
- 1,000
- 1 share class
- Total number of shareholders
- 2
- companies
Financials
- Total operating income 2024
- 1,350,000
- NOK
- Annual total result 2024
- -552,409
- NOK
- Total equity 2024
- -4,837,425
- NOK
Last update: Sep 9, 2025
Management
Management / administration
| Name | Role | Shares |
|---|---|---|
KO 1977 | Managing Director/CEO | 50 % indirectly |
Board
| Name | Role | Shares |
|---|---|---|
BH | Chairman | - |
KA | Board Member | - |
KO 1977 | Board Member | 50 % indirectly |
LL | Board Member | - |
Others
| Name | Role | Shares |
|---|---|---|
| Accountant | - |
Top 10 individual shareholders
| Name | Role | Shares |
|---|---|---|
KO 1977 | Managing Director/CEO, Board Member | 50 % indirectly |
Last update: Jun 3, 2025
Ownership
Company shareholders
| Name | Share class | Total number of shares | Share |
|---|---|---|---|
| Ordinary shares | 500 | 50 % | |
| Ordinary shares | 500 | 50 % |
Last update: Jun 2, 2025
Financials
in NOK
Summary
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total operating income | 1,350,000 | 480,000 | 220,000 | 5,000 |
Annual Total Result | -552,409 | -997,401 | -854,276 | -805,462 |
Total assets | 21,804,698 | 20,788,787 | 20,111,440 | 19,648,429 |
Total liabilities | 26,642,123 | 25,073,803 | 23,399,055 | 22,081,768 |
Total equity | -4,837,425 | -4,285,016 | -3,287,615 | -2,433,339 |
P&L
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total operating income | 1,350,000 | 480,000 | 220,000 | 5,000 |
Total operating costs | 140,119 | 122,651 | 132,892 | 90,323 |
Operating result | 1,209,881 | 357,349 | 87,108 | -85,323 |
Financial income/costs | -1,762,290 | -1,354,750 | -941,384 | -720,140 |
Profit before tax | -552,409 | -997,401 | -854,276 | -805,462 |
Total tax & extraordinary income/cost | 0 | 0 | 0 | 0 |
Annual Total Result | -552,409 | -997,401 | -854,276 | -805,462 |
Balance overview
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total fixed assets | 20,753,656 | 20,146,629 | 19,741,381 | 19,529,479 |
Total current assets | 1,051,042 | 642,158 | 370,059 | 118,950 |
Total assets | 21,804,698 | 20,788,787 | 20,111,440 | 19,648,429 |
Short term debt | 382,243 | 426,453 | 248,325 | 194,368 |
Long term debt | 26,259,880 | 24,647,350 | 23,150,730 | 21,887,400 |
Total liabilities | 26,642,123 | 25,073,803 | 23,399,055 | 22,081,768 |
Contributed capital | 24,430 | 24,430 | 24,430 | 24,430 |
Retained earnings | -4,861,855 | -4,309,446 | -3,312,045 | -2,457,769 |
Total equity | -4,837,425 | -4,285,016 | -3,287,615 | -2,433,339 |
Total equity and liabilities | 21,804,698 | 20,788,787 | 20,111,440 | 19,648,429 |
Classification
Type of organization
Limited company
Classification of institutional sector
INNL
Domestic sectors
A_IKKE-FIN
Non-financial corporations
2100
Private non-financial incorporated enterprises