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FONDSFINANS KAPITALFORVALTNING AS981 635 647

Financial management
Limited company
Haakon VIIs gate 2 0161 OSLO, Norge

FONDSFINANS KAPITALFORVALTNING AS

Operating
Forvaltning av verdipapirfond herunder salg og innløsning av andeler for de fond selskapet forvalter og kjøp og salg av verdipapirer.
Forvaltning av verdipairfond.

Keywords

portfolio managementwealth managementdefined contribution pension fundsmanagement companiessecurities funds

Organization

CEO
IQ

Ivar Qvist1965

Chairman of the board
EM

Erik Must1943

Years since formation
26 years
since Mar 6, 2000
Type
Limited company
VAT registered
Yes
Number of employees
24

Ownership

Number of shares and share classes
10,600
1 share class
Total number of shareholders
1
company
Belongs to group of

Financials

Total operating income 2025
163,814,962
NOK
Annual total result 2025
19,920,801
NOK
Last update: Jul 30, 2026

Management

Management / administration

NameRoleShares
IQ

Ivar Qvist

1965

Managing Director/CEO-

Board

NameRoleShares
EM

Erik Must

1943

Chairman-
RO

Richard Olav Aa

1966

Board Member-
TA

Trond Alv Langeland

1966

Board Member-
IL

Inger-Lise Larsen

1960

Board Member-
TM

Trine Must

1971

Alternate Member
49.2 %
indirectly
HP

Hans Peter Bøhn

1955

Alternate Member-
IE

Inger Eva Maria Ertvaag

1958

Board Member-
EC

Erik Christian Must

1973

Alternate Member
49.19 %
indirectly

Others

NameRoleShares
C
CROWE PARTNER REVISJON AS
Auditor-

Top 10 individual shareholders

NameRoleShares
TM

Trine Must

1971

Alternate Member
49.2 %
indirectly
EC

Erik Christian Must

1973

Alternate Member
49.19 %
indirectly
Last update: Sep 8, 2025

Ownership

Company shareholders

NameShare classTotal number of sharesShare
M
MUST AS
Ordinary shares
10,600
100 %
Last update: Jun 2, 2025

Group structure

  • MUST AS
    Total operating income 2025: NOK 155,936,598
    Operating profit 2025: NOK 140,792,377
    Employees: 0

Financials

in NOK

Summary

Year20252024202320222021
Total operating income
163,814,962
123,574,054
95,067,122
71,160,416
67,386,765
Annual Total Result
19,920,801
10,888,534
8,195,302
771,955
7,157,473
Total assets
0
166,663,687
121,138,840
86,456,945
87,537,574
Total liabilities
0
96,012,938
61,376,628
34,890,036
36,742,619
Total equity
0
70,650,746
59,762,212
51,566,910
50,794,955

P&L

Year20252024202320222021
Total operating income
163,814,962
123,574,054
95,067,122
71,160,416
67,386,765
Total operating costs
151,927,750
124,407,860
92,499,309
70,730,336
64,243,314
Operating result
11,887,212
-833,806
2,567,814
430,080
3,143,451
Financial income/costs
12,547,938
12,542,865
6,905,693
491,448
4,839,915
Profit before tax
24,435,150
11,709,059
9,473,507
921,528
7,983,366
Total tax & extraordinary income/cost
4,514,349
820,525
1,278,205
149,573
825,893
Annual Total Result
19,920,801
10,888,534
8,195,302
771,955
7,157,473

Balance overview

Year20252024202320222021
Total fixed assets
0
175,801
177,108
273,250
51,865
Total current assets
0
166,487,885
120,961,732
86,183,695
87,485,709
Total assets
0
166,663,687
121,138,840
86,456,945
87,537,574
Short term debt
0
45,160,386
35,399,257
20,332,287
25,398,589
Long term debt
0
50,852,552
25,977,371
14,557,749
11,344,030
Total liabilities
0
96,012,938
61,376,628
34,890,036
36,742,619
Contributed capital
0
21,000,000
21,000,000
21,000,000
21,000,000
Retained earnings
0
49,650,746
38,762,212
30,566,910
29,794,955
Total equity
0
70,650,746
59,762,212
51,566,910
50,794,955
Total equity and liabilities
0
166,663,685
121,138,840
86,456,946
87,537,574

Classification

21st company classification
BETA
Industrial daughter company
Category
Type of organization
Limited company
Standard industrial classification
K
Main industrial area
Financial and insurance activities
66
Activity
Activities auxiliary to financial services and insurance activities
66.3
Main industrial group
Fund management activities
66.30
Industrial group
Fund management activities
66.300
Industrial group
Fund management activities