Organization
- CEO
- GU
Glenn Ulverud1975
- Chairman of the board
- GU
Glenn Ulverud1975
- Years since formation
- 23 years
- since Sep 28, 2002
- Type
- Limited company
- VAT registered
- Yes
- Number of employees
- 6
Ownership
- Number of shares and share classes
- 110
- 1 share class
- Total number of shareholders
- 1
- person
Financials
- Total operating income 2024
- 68,357,640
- NOK
- Annual total result 2024
- 20,332,359
- NOK
- Total equity 2024
- 114,266,848
- NOK
Last update: Sep 9, 2025
Management
Management / administration
| Name | Role | Shares |
|---|---|---|
GU 1975 | Managing Director/CEO | - |
Board
| Name | Role | Shares |
|---|---|---|
| Alternate Member | - | |
GU 1975 | Chairman | - |
Others
| Name | Role | Shares |
|---|---|---|
| Auditor | - | |
| Accountant | - |
Top 10 individual shareholders
| Name | Role | Shares |
|---|---|---|
UG 1975 | - | 100 % directly |
Last update: Jan 17, 2025
Ownership
Company shareholders
| Name | Share class | Total number of shares | Share |
|---|---|---|---|
UG 1975 | Ordinary shares | 110 | 100 % |
Shares owned by the NORICON AS
| Name | Share class | Total number of shares | Share |
|---|---|---|---|
| Ordinary shares | 300 | 30 % | |
| Ordinary shares | 215 | 21.5 % | |
| Ordinary shares | 60,687 | 16.18 % |
Last update: Jun 2, 2025
Financials
in NOK
Summary
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total operating income | 68,357,640 | 59,612,034 | 55,989,449 | 60,435,710 |
Annual Total Result | 20,332,359 | 17,332,405 | 8,159,976 | 16,504,627 |
Total assets | 124,388,322 | 104,430,045 | 85,956,725 | 75,350,889 |
Total liabilities | 10,121,474 | 10,495,556 | 9,354,641 | 6,908,780 |
Total equity | 114,266,848 | 93,934,489 | 76,602,084 | 68,442,108 |
P&L
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total operating income | 68,357,640 | 59,612,034 | 55,989,449 | 60,435,710 |
Total operating costs | 44,211,019 | 37,967,030 | 45,860,665 | 38,479,121 |
Operating result | 24,146,621 | 21,645,004 | 10,128,784 | 21,956,590 |
Financial income/costs | 2,158,599 | 793,387 | 463,294 | -565,125 |
Profit before tax | 26,305,220 | 22,438,392 | 10,592,078 | 21,391,464 |
Total tax & extraordinary income/cost | 5,972,861 | 5,105,987 | 2,432,102 | 4,886,837 |
Annual Total Result | 20,332,359 | 17,332,405 | 8,159,976 | 16,504,627 |
Balance overview
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total fixed assets | 40,986,567 | 39,996,927 | 39,967,657 | 18,498,781 |
Total current assets | 83,401,756 | 64,433,118 | 45,989,068 | 56,852,107 |
Total assets | 124,388,322 | 104,430,045 | 85,956,725 | 75,350,889 |
Short term debt | 10,121,474 | 10,495,556 | 9,354,641 | 6,864,160 |
Long term debt | 0 | 0 | 0 | 44,620 |
Total liabilities | 10,121,474 | 10,495,556 | 9,354,641 | 6,908,780 |
Contributed capital | 110,000 | 110,000 | 110,000 | 110,000 |
Retained earnings | 114,156,848 | 93,824,489 | 76,492,084 | 68,332,108 |
Total equity | 114,266,848 | 93,934,489 | 76,602,084 | 68,442,108 |
Total equity and liabilities | 124,388,322 | 104,430,045 | 85,956,725 | 75,350,889 |
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