FRAMO SERVICES AS
Organization
- CEO
- MS
Morten Sivertsen1969
- Chairman of the board
- JM
- Years since formation
- 30 years
- since Mar 12, 1995
- Type
- Limited company
- VAT registered
- Yes
- Number of employees
- 342
Ownership
- Number of shares and share classes
- 10,000
- 1 share class
- Total number of shareholders
- 1
- company
- Belongs to group of
Financials
- Total operating income 2024
- 1,385,909,000
- NOK
- Annual total result 2024
- 137,107,000
- NOK
- Total equity 2024
- 274,699,000
- NOK
Last update: Sep 13, 2025
Management
Management / administration
| Name | Role | Shares |
|---|---|---|
MS 1969 | Managing Director/CEO | - |
Board
| Name | Role | Shares |
|---|---|---|
JM | Chairman | - |
MS 1969 | Board Member | - |
Others
| Name | Role | Shares |
|---|---|---|
| Auditor | - |
Last update: Nov 27, 2023
Ownership
Company shareholders
| Name | Share class | Total number of shares | Share |
|---|---|---|---|
| Ordinary shares | 10,000 | 100 % |
Last update: Jun 2, 2025
Group structure
- Total operating income -: NOKOperating profit -: NOKEmployees: 0
Financials
in NOK
Summary
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total operating income | 1,385,909,000 | 1,179,801,000 | 1,054,725,000 | 848,703,000 |
Annual Total Result | 137,107,000 | 120,727,000 | 74,866,000 | 57,700,000 |
Total assets | 773,208,000 | 547,219,000 | 573,273,000 | 410,261,000 |
Total liabilities | 498,509,000 | 295,349,000 | 414,973,000 | 264,525,000 |
Total equity | 274,699,000 | 251,869,000 | 158,299,000 | 145,736,000 |
P&L
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total operating income | 1,385,909,000 | 1,179,801,000 | 1,054,725,000 | 848,703,000 |
Total operating costs | 1,224,672,000 | 1,036,110,000 | 954,848,000 | 775,260,000 |
Operating result | 161,238,000 | 143,691,000 | 99,878,000 | 73,443,000 |
Financial income/costs | 14,918,000 | 10,676,000 | -4,746,000 | 459,000 |
Profit before tax | 176,156,000 | 154,366,000 | 95,132,000 | 73,902,000 |
Total tax & extraordinary income/cost | 39,049,000 | 33,639,000 | 20,266,000 | 16,202,000 |
Annual Total Result | 137,107,000 | 120,727,000 | 74,866,000 | 57,700,000 |
Balance overview
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total fixed assets | 65,670,000 | 58,236,000 | 62,008,000 | 59,349,000 |
Total current assets | 707,539,000 | 488,982,000 | 511,264,000 | 350,912,000 |
Total assets | 773,208,000 | 547,219,000 | 573,273,000 | 410,261,000 |
Short term debt | 494,509,000 | 291,349,000 | 410,973,000 | 260,525,000 |
Long term debt | 4,000,000 | 4,000,000 | 4,000,000 | 4,000,000 |
Total liabilities | 498,509,000 | 295,349,000 | 414,973,000 | 264,525,000 |
Contributed capital | 10,000,000 | 10,000,000 | 10,000,000 | 10,000,000 |
Retained earnings | 264,699,000 | 241,869,000 | 148,299,000 | 135,736,000 |
Total equity | 274,699,000 | 251,869,000 | 158,299,000 | 145,736,000 |
Total equity and liabilities | 773,208,000 | 547,219,000 | 573,273,000 | 410,261,000 |
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