TIMBERBAY AS
Keywords
real estatesalesdevelopment
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: Apr 26, 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 |
VO 1973 | 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: May 30, 2023
Ownership
Company shareholders
| Name | Share class | Total number of shares | Share |
|---|---|---|---|
| Ordinary shares | 500 | 50 % | |
| Ordinary shares | 500 | 50 % |
Last update: May 24, 2024
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
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
41
Activity
Construction of buildings
41.1
Main industrial group
Development of building projects
41.10
Industrial group
Development of building projects
41.109
Industrial group
Other development and sale of real estate