CLEAVES SECURITIES AS

Operating

Yte investeringstjenester som nevnt i verdipapirhandelloven § 2-1 (1) nr. 1, 4, 5 og 7, og de tilknyttede tjenester nevnt i verdipapirhandelloven § 2-1 (2) nr. 3, 5 og 6, samt virksomhet som står i naturlig forbindelse med dette.

Yte investeringstjenester som nevnt i verdipapirhandelloven § 2-1 (1) nr. 1, 2, 5 og 7 og de tilknyttede tjenester nevnt i verdipapirhandelloven § 2-6 (1) nr. 3, 5 og 6, samt virksomhet som står i naturlig forbindelse med dette.

Keywords

portfolio managementwealth managementdefined contribution pension fundsmanagement companiessecurities funds

Organization

CEO: PO
Per Olav Karlsen1954
Chairman of the board: SD
Sigvald Dagfinn Lunde1948
Years since formation: 14 years; since Jun 21, 2011
Type: Limited company
VAT registered: Yes
Number of employees: 0

Ownership

Number of shares and share classes: 98,293,330; 1 share class
Total number of shareholders: 5; 3 companies, 2 persons

Financials

Total operating income 2024: 16,832,954; NOK
Annual total result 2024: -1,347,955; NOK
Total equity 2024: 8,767,796; NOK

Last update: Dec 12, 2025

Management

Management / administration

Name	Role	Shares
PO Per Olav Karlsen 1954	Managing Director/CEO	73.26 % directly

Board

Name	Role	Shares
SD Sigvald Dagfinn Lunde 1948	Chairman	-
PO Per Olav Karlsen 1954	Board Member	73.26 % directly
FH Frode Haugen 1955	Board Member	-

Others

Name	Role	Shares
G GLOBAL LINEUP AS	Auditor	-
C CHRISTIANIA REGNSKAP AS	Accountant	-

Top 10 individual shareholders

Name	Role	Shares
PO Per Olav Karlsen 1954	Managing Director/CEO, Board Member	73.26 % directly
AA Arnt Aspnes 1964	-	7.5 % indirectly
OW Ole Wilhelm Erichsen 1957	-	7.5 % indirectly
TH Truls Henrik Wiel 1977	-	7.04 % indirectly
LE Lars Edvard Høgestøl 1962	-	4.7 % directly

Last update: Apr 16, 2025

Ownership

Company shareholders

Name	Share class	Total number of shares	Share
PO Per Olav Karlsen 1954	Ordinary shares	72,007,477	73.26 %
O OWE HOLDING AS	Ordinary shares	7,374,260	7.5 %
R RASCHEN INVEST AS	Ordinary shares	7,374,260	7.5 %
W WIELVEST AS	Ordinary shares	6,922,400	7.04 %
LE Lars Edvard Høgestøl 1962	Ordinary shares	4,614,933	4.7 %

Shares owned by the CLEAVES SECURITIES AS

Name	Share class	Total number of shares	Share
C CLEAVES FUND MANAGEMENT AS Under liquidation	Ordinary shares	500	50 %
F FRIENDR AS	Ordinary shares	1,677	0.18 %

Last update: Jun 2, 2025

Financials

in NOK

Summary

Year	2024	2023	2022	2021
Total operating income	16,832,954	30,783,216	21,208,804	17,887,084
Annual Total Result	-1,347,955	293,771	598,302	653,508
Total assets	26,465,708	19,812,936	19,721,646	21,497,411
Total liabilities	17,697,913	9,697,184	9,899,666	12,273,734
Total equity	8,767,796	10,115,751	9,821,980	9,223,677

P&L

Year	2024	2023	2022	2021
Total operating income	16,832,954	30,783,216	21,208,804	17,887,084
Total operating costs	17,902,778	30,352,304	20,899,083	17,004,683
Operating result	-1,069,824	430,912	309,721	882,401
Financial income/costs	-278,131	-137,141	288,581	-228,893
Profit before tax	-1,347,955	293,771	598,302	653,508
Total tax & extraordinary income/cost	0	0	0	0
Annual Total Result	-1,347,955	293,771	598,302	653,508

Balance overview

Year	2024	2023	2022	2021
Total fixed assets	2,677,248	2,737,195	2,840,277	2,436,656
Total current assets	23,788,460	17,075,741	16,881,369	19,060,755
Total assets	26,465,708	19,812,936	19,721,646	21,497,411
Short term debt	17,697,913	9,697,184	9,899,666	12,273,734
Long term debt	0	0	0	0
Total liabilities	17,697,913	9,697,184	9,899,666	12,273,734
Contributed capital	19,082,401	19,082,401	19,082,401	19,082,401
Retained earnings	-10,314,605	-8,966,650	-9,260,421	-9,858,724
Total equity	8,767,796	10,115,751	9,821,980	9,223,677
Total equity and liabilities	26,465,709	19,812,935	19,721,646	21,497,411

Classification

21st company classification

BETA

Small company

CLEAVES SECURITIES AS997 020 758