RAGASCO AS
Hexagon Ragasco | The world's leading manufacturer of composite LPG…
Committed to quality, safety and innovation for composite LPG cylinders. Industry-leading safety record and over 2 decades of experience.
Organization
- CEO
- IK
- Chairman of the board
- JR
James Ross Bowes1983
- Years since formation
- 28 years
- since Jun 6, 1997
- Type
- Limited company
- VAT registered
- Yes
- Number of employees
- 130
Ownership
- Number of shares and share classes
- 600,000
- 1 share class
- Total number of shareholders
- 1
- company
- Belongs to group of
Financials
- Total operating income 2023
- 663,303,000
- NOK
- Annual total result 2023
- 77,928,000
- NOK
- Total equity 2023
- 214,406,000
- NOK
Last update: Sep 9, 2025
Management
Management / administration
| Name | Role | Shares |
|---|---|---|
IK | Managing Director/CEO | - |
Board
| Name | Role | Shares |
|---|---|---|
JR 1983 | Chairman | - |
| Deputy Chair | - | |
SS | Board Member | - |
EM | Board Member | - |
RR 1971 | Board Member | - |
VJ 1985 | Alternate Member | - |
| Alternate Member | - |
Others
| Name | Role | Shares |
|---|---|---|
| Auditor | - |
Last update: Apr 3, 2025
Ownership
Company shareholders
| Name | Share class | Total number of shares | Share |
|---|---|---|---|
| Ordinary shares | 600,000 | 100 % |
Last update: Jun 2, 2025
Group structure
- Total operating income -: NOKOperating profit -: NOKEmployees: 0
Financials
in NOK
Summary
| Year | 2023 | 2022 | 2021 |
|---|---|---|---|
Total operating income | 663,303,000 | 671,920,000 | 572,909,000 |
Annual Total Result | 77,928,000 | 50,360,000 | 27,935,000 |
Total assets | 461,373,000 | 460,542,000 | 407,020,000 |
Total liabilities | 246,967,000 | 322,688,000 | 318,984,000 |
Total equity | 214,406,000 | 137,854,000 | 88,036,000 |
P&L
| Year | 2023 | 2022 | 2021 |
|---|---|---|---|
Total operating income | 663,303,000 | 671,920,000 | 572,909,000 |
Total operating costs | 583,419,000 | 594,000,000 | 519,395,000 |
Operating result | 79,884,000 | 77,920,000 | 53,514,000 |
Financial income/costs | 7,804,000 | -11,638,000 | -15,801,000 |
Profit before tax | 87,688,000 | 66,282,000 | 37,713,000 |
Total tax & extraordinary income/cost | 9,760,000 | 15,922,000 | 9,778,000 |
Annual Total Result | 77,928,000 | 50,360,000 | 27,935,000 |
Balance overview
| Year | 2023 | 2022 | 2021 |
|---|---|---|---|
Total fixed assets | 213,270,000 | 187,315,000 | 185,004,000 |
Total current assets | 248,103,000 | 273,227,000 | 222,016,000 |
Total assets | 461,373,000 | 460,542,000 | 407,020,000 |
Short term debt | 156,943,000 | 154,269,000 | 166,629,000 |
Long term debt | 90,024,000 | 168,419,000 | 152,355,000 |
Total liabilities | 246,967,000 | 322,688,000 | 318,984,000 |
Contributed capital | 42,336,000 | 42,336,000 | 42,336,000 |
Retained earnings | 172,070,000 | 95,518,000 | 45,700,000 |
Total equity | 214,406,000 | 137,854,000 | 88,036,000 |
Total equity and liabilities | 461,373,000 | 460,542,000 | 407,020,000 |
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