FOSSTECH AS
Keywords
drillingturningmillingerodingplaningpolishingreamingstraighteningsawinggrindingsharpeningfine polishingweldingsplicing
Organization
- CEO
- SF
Steven Foss1958
- Chairman of the board
- EG
Erik Grefberg1964
- Years since formation
- 21 years
- since Mar 17, 2004
- Type
- Limited company
- VAT registered
- Yes
- Number of employees
- 80
Ownership
- Number of shares and share classes
- 2,464
- 1 share class
- Total number of shareholders
- 1
- company
- Belongs to group of
Financials
- Total operating income 2024
- 181,145,914
- NOK
- Annual total result 2024
- 11,603,597
- NOK
- Total equity 2024
- 32,825,789
- NOK
Last update: Jul 26, 2025
Management
Management / administration
| Name | Role | Shares |
|---|---|---|
SF 1958 | Managing Director/CEO | - |
Board
| Name | Role | Shares |
|---|---|---|
EG 1964 | Chairman | 1.31 % indirectly |
CB | Board Member | 1.31 % indirectly |
Others
| Name | Role | Shares |
|---|---|---|
| Auditor | - | |
| Accountant | - |
Top 10 individual shareholders
| Name | Role | Shares |
|---|---|---|
SM 1944 | - | 8.25 % indirectly |
JO 1961 | - | 5.51 % indirectly |
CB | Board Member | 1.31 % indirectly |
EG 1964 | Chairman | 1.31 % indirectly |
Last update: Jun 24, 2024
Ownership
Company shareholders
| Name | Share class | Total number of shares | Share |
|---|---|---|---|
| Ordinary shares | 2,464 | 100 % |
Last update: Jun 2, 2025
Group structure
- Total operating income 2024: NOK 2,542,000Operating profit 2024: NOK -15,667,000Employees: 0
Financials
in NOK
Summary
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total operating income | 181,145,914 | 155,897,128 | 133,271,393 | 97,701,886 |
Annual Total Result | 11,603,597 | -3,487,088 | 3,979,612 | 4,658,144 |
Total assets | 100,989,329 | 79,912,897 | 85,978,870 | 70,932,233 |
Total liabilities | 68,163,539 | 58,690,705 | 54,422,644 | 43,355,624 |
Total equity | 32,825,789 | 21,222,193 | 31,556,226 | 27,576,610 |
P&L
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total operating income | 181,145,914 | 155,897,128 | 133,271,393 | 97,701,886 |
Total operating costs | 163,743,025 | 154,800,148 | 127,923,843 | 91,627,507 |
Operating result | 17,402,889 | 1,096,980 | 5,347,549 | 6,074,380 |
Financial income/costs | -2,746,894 | -2,814,789 | -237,980 | -685,780 |
Profit before tax | 14,655,996 | -1,717,809 | 5,109,569 | 5,388,600 |
Total tax & extraordinary income/cost | 3,052,399 | 1,769,279 | 1,129,957 | 730,456 |
Annual Total Result | 11,603,597 | -3,487,088 | 3,979,612 | 4,658,144 |
Balance overview
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total fixed assets | 5,982,724 | 13,522,370 | 31,891,295 | 30,311,455 |
Total current assets | 95,006,604 | 66,390,528 | 54,087,575 | 40,620,778 |
Total assets | 100,989,329 | 79,912,897 | 85,978,870 | 70,932,233 |
Short term debt | 68,163,539 | 56,883,961 | 45,462,171 | 30,363,408 |
Long term debt | 0 | 1,806,743 | 8,960,473 | 12,992,216 |
Total liabilities | 68,163,539 | 58,690,705 | 54,422,644 | 43,355,624 |
Contributed capital | 11,160,700 | 11,160,700 | 11,160,700 | 11,160,700 |
Retained earnings | 21,665,089 | 10,061,493 | 20,395,526 | 16,415,910 |
Total equity | 32,825,789 | 21,222,193 | 31,556,226 | 27,576,610 |
Total equity and liabilities | 100,989,329 | 79,912,897 | 85,978,870 | 70,932,233 |
Classification
Category
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
C
Main industrial area
Manufacturing
25
Activity
Manufacture of fabricated metal products, except machinery and equipment
25.6
Main industrial group
Treatment and coating of metals; machining
25.62
Industrial group
Machining
25.620
Industrial group
Machining