/ Research
COVARTEC AS
Keywords
researchdevelopment worknatural sciencesengineeringtechnologymedicineagricultureinterdisciplinary research
Organization
- CEO
- DD
Dominique Durand1965
- Chairman of the board
- DD
Dominique Durand1965
- Years since formation
- 7 years
- since Aug 16, 2018
- Type
- Limited company
- VAT registered
- Yes
- Number of employees
- 0
Ownership
- Number of shares and share classes
- 1,000
- 1 share class
- Total number of shareholders
- 3
- persons
Financials
- Total operating income 2024
- 1,324,232
- NOK
- Annual total result 2024
- 44,664
- NOK
- Total equity 2024
- 382,376
- NOK
Last update: Apr 12, 2025
Management
Management / administration
| Name | Role | Shares |
|---|---|---|
DD 1965 | Managing Director/CEO | 60 % directly |
Board
| Name | Role | Shares |
|---|---|---|
DD 1965 | Chairman | 60 % directly |
Top 10 individual shareholders
| Name | Role | Shares |
|---|---|---|
DD 1965 | Managing Director/CEO, Chairman | 60 % directly |
CA | - | 20 % directly |
MR | - | 20 % directly |
Last update: Apr 13, 2023
Ownership
Company shareholders
| Name | Share class | Total number of shares | Share |
|---|---|---|---|
DD 1965 | Ordinary shares | 600 | 60 % |
CA | Ordinary shares | 200 | 20 % |
MR | Ordinary shares | 200 | 20 % |
Last update: Jun 2, 2025
Financials
in NOK
Summary
| Year | 2024 | 2023 | 2022 |
|---|---|---|---|
Total operating income | 1,324,232 | 917,930 | 1,116,184 |
Annual Total Result | 44,664 | -55,456 | 92,539 |
Total assets | 1,445,287 | 537,223 | 1,051,875 |
Total liabilities | 1,062,911 | 199,512 | 658,707 |
Total equity | 382,376 | 337,711 | 393,168 |
P&L
| Year | 2024 | 2023 | 2022 |
|---|---|---|---|
Total operating income | 1,324,232 | 917,930 | 1,116,184 |
Total operating costs | 1,317,668 | 1,040,464 | 1,067,483 |
Operating result | 6,564 | -122,534 | 48,701 |
Financial income/costs | 38,100 | 67,078 | 61,115 |
Profit before tax | 44,664 | -55,456 | 109,816 |
Total tax & extraordinary income/cost | 0 | 0 | 17,277 |
Annual Total Result | 44,664 | -55,456 | 92,539 |
Balance overview
| Year | 2024 | 2023 | 2022 |
|---|---|---|---|
Total fixed assets | 8,552 | 15,883 | 0 |
Total current assets | 1,436,735 | 521,340 | 1,051,875 |
Total assets | 1,445,287 | 537,223 | 1,051,875 |
Short term debt | 1,062,911 | 199,512 | 658,707 |
Long term debt | 0 | 0 | 0 |
Total liabilities | 1,062,911 | 199,512 | 658,707 |
Contributed capital | 30,000 | 30,000 | 30,000 |
Retained earnings | 352,376 | 307,711 | 363,168 |
Total equity | 382,376 | 337,711 | 393,168 |
Total equity and liabilities | 1,445,287 | 537,223 | 1,051,875 |
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
Standard industrial classification
M
Main industrial area
Professional, scientific and technical activities
72
Activity
Scientific research and development
72.1
Main industrial group
Research and experimental development on natural sciences and engineering
72.19
Industrial group
Other research and experimental development on natural sciences and engineering
72.190
Industrial group
Other research and experimental development on natural sciences and engineering