CATHWELL AS
Cathwell – Your partner against corrosion and marine fouling
Cathwell designs and manufactures cathodic protection and antifouling to maritime, offshore and land based industries.
Organization
- CEO
- HH
Helge Hafnor1964
- Chairman of the board
- BA
Birger Amundsen1964
- Years since formation
- 22 years
- since Mar 26, 2003
- Type
- Limited company
- VAT registered
- Yes
- Number of employees
- 25
Ownership
- Number of shares and share classes
- 606
- 1 share class
- Total number of shareholders
- 1
- company
- Belongs to group of
Financials
- Total operating income 2024
- 87,306,037
- NOK
- Annual total result 2024
- 11,184,036
- NOK
- Total equity 2024
- 19,562,329
- NOK
Last update: May 24, 2025
Management
Management / administration
| Name | Role | Shares |
|---|---|---|
HH 1964 | Managing Director/CEO | 33.33 % indirectly |
Board
| Name | Role | Shares |
|---|---|---|
BA 1964 | Chairman | 33.33 % indirectly |
LG 1947 | Board Member | 16.19 % indirectly |
HH 1964 | Board Member | 33.33 % indirectly |
EG 1970 | Board Member | 17.14 % indirectly |
Others
| Name | Role | Shares |
|---|---|---|
| Auditor | - | |
| Accountant | - |
Top 10 individual shareholders
| Name | Role | Shares |
|---|---|---|
BA 1964 | Chairman | 33.33 % indirectly |
HH 1964 | Managing Director/CEO, Board Member | 33.33 % indirectly |
EG 1970 | Board Member | 17.14 % indirectly |
LG 1947 | Board Member | 16.19 % indirectly |
Last update: Apr 13, 2023
Ownership
Company shareholders
| Name | Share class | Total number of shares | Share |
|---|---|---|---|
| Ordinary shares | 606 | 100 % |
Last update: May 24, 2024
Group structure
- Total operating income 2024: NOK 0Operating profit 2024: NOK -94,248Employees: 0
Financials
in NOK
Summary
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total operating income | 87,306,037 | 84,898,979 | 59,848,620 | 48,724,865 |
Annual Total Result | 11,184,036 | 13,422,152 | 4,457,493 | 3,382,771 |
Total assets | 43,545,053 | 47,945,377 | 34,097,538 | 26,498,973 |
Total liabilities | 23,982,725 | 30,567,084 | 18,141,398 | 11,500,326 |
Total equity | 19,562,329 | 17,378,293 | 15,956,141 | 14,998,647 |
P&L
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total operating income | 87,306,037 | 84,898,979 | 59,848,620 | 48,724,865 |
Total operating costs | 73,528,394 | 67,911,319 | 53,581,694 | 44,315,018 |
Operating result | 13,777,643 | 16,987,661 | 6,266,926 | 4,409,846 |
Financial income/costs | 558,244 | 203,855 | -584,087 | -93,774 |
Profit before tax | 14,335,887 | 17,191,515 | 5,682,838 | 4,316,073 |
Total tax & extraordinary income/cost | 3,151,851 | 3,769,363 | 1,225,345 | 933,302 |
Annual Total Result | 11,184,036 | 13,422,152 | 4,457,493 | 3,382,771 |
Balance overview
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total fixed assets | 52,112 | 8,330 | 24,404 | 40,502 |
Total current assets | 43,492,941 | 47,937,047 | 34,073,134 | 26,458,471 |
Total assets | 43,545,053 | 47,945,377 | 34,097,538 | 26,498,973 |
Short term debt | 23,982,725 | 30,567,084 | 18,141,398 | 11,500,326 |
Long term debt | 0 | 0 | 0 | 0 |
Total liabilities | 23,982,725 | 30,567,084 | 18,141,398 | 11,500,326 |
Contributed capital | 606,000 | 606,000 | 606,000 | 606,000 |
Retained earnings | 18,956,329 | 16,772,293 | 15,350,141 | 14,392,647 |
Total equity | 19,562,329 | 17,378,293 | 15,956,141 | 14,998,647 |
Total equity and liabilities | 43,545,053 | 47,945,377 | 34,097,538 | 26,498,973 |
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
G
Main industrial area
Wholesale and retail trade; repair of motor vehicles and motorcycles
46
Activity
Wholesale trade, except of motor vehicles and motorcycles
46.9
Main industrial group
Non-specialised wholesale trade
46.90
Industrial group
Non-specialised wholesale trade
46.900
Industrial group
Non-specialised wholesale trade