HEXAGON TECHNOLOGY AS

Operating

Kjøp, lisensiering og salg av teknologi, patenter, varemerker og lignende, drive forskning, utvikling, produksjon, markedsføring og salg av produkter og tjenester som er relatert til komposittområdet eller andre områder, samt alt hva som står i forbindelse med dette, herunder å delta i andre selskap med lignende virksomhet.

Keywords

franchise agreementcopyrightreceiptroyaltylicense feepatented entitiestrademarksmineral exploration rightsintellectual property

Organization

Chairman of the board: DA
David Anla Llewellyn Bandele1971
Years since formation: 20 years; since Jan 25, 2005
Type: Limited company
VAT registered: Yes
Number of employees: 0

Ownership

Number of shares and share classes: 100; 1 share class
Total number of shareholders: 1; company
Belongs to group of

Financials

Total operating income 2024: 41,638,297; NOK
Annual total result 2024: 18,343,360; NOK
Total equity 2024: 118,261,985; NOK

Last update: Sep 9, 2025

Management

Board

Name	Role	Shares
GJ Geir Jostein Torset 1964	Alternate Member	-
DA David Anla Llewellyn Bandele 1971	Chairman	-
GO Geir Ove Bueide 1988	Board Member	-

Others

Name	Role	Shares
E ERNST & YOUNG AS	Auditor	-

Top 10 individual shareholders

Name	Role	Shares
ML Maria Lilly Flakk 1992	-	3.93 % indirectly
EJ Erika June Flakk 1995	-	3.7 % indirectly
KT Knut Trygve Flakk 1960	-	2.56 % indirectly

Last update: Jun 13, 2025

Ownership

Company shareholders

Name	Share class	Total number of shares	Share
H HEXAGON COMPOSITES ASA	Ordinary shares	100	100 %

Last update: Jun 2, 2025

Group structure

HEXAGON COMPOSITES ASA
Total operating income 2024: NOK 101,576,000
Operating profit 2024: NOK -79,906,000
Employees: 12

Financials

in NOK

Summary

Year	2024	2023	2022	2021
Total operating income	41,638,297	58,511,112	39,006,863	20,124,776
Annual Total Result	18,343,360	27,241,536	18,137,329	-3,207,994
Total assets	132,396,568	123,234,234	287,237,149	237,760,031
Total liabilities	14,134,583	23,315,609	214,560,060	183,220,271
Total equity	118,261,985	99,918,625	72,677,089	54,539,760

P&L

Year	2024	2023	2022	2021
Total operating income	41,638,297	58,511,112	39,006,863	20,124,776
Total operating costs	21,781,538	22,041,491	32,239,875	26,682,412
Operating result	19,856,759	36,469,621	6,766,988	-6,557,636
Financial income/costs	3,733,461	-1,539,378	16,485,997	2,444,826
Profit before tax	23,590,220	34,930,243	23,252,985	-4,112,810
Total tax & extraordinary income/cost	5,246,860	7,688,707	5,115,656	-904,816
Annual Total Result	18,343,360	27,241,536	18,137,329	-3,207,994

Balance overview

Year	2024	2023	2022	2021
Total fixed assets	63,067,037	69,032,200	260,407,056	211,278,931
Total current assets	69,329,531	54,202,034	26,830,093	26,481,100
Total assets	132,396,568	123,234,234	287,237,149	237,760,031
Short term debt	14,134,583	23,315,609	27,201,057	8,342,741
Long term debt	0	0	187,359,003	174,877,530
Total liabilities	14,134,583	23,315,609	214,560,060	183,220,271
Contributed capital	34,254,966	34,254,966	34,254,966	34,254,966
Retained earnings	84,007,019	65,663,659	38,422,123	20,284,794
Total equity	118,261,985	99,918,625	72,677,089	54,539,760
Total equity and liabilities	132,396,568	123,234,234	287,237,149	237,760,031

Classification

21st company classification

BETA

Individual SMB enterprise

HEXAGON TECHNOLOGY AS987 774 495