MANDALS AS

Operating

Mandals AS: Homepage

Mandals specialize in the manufacturing of high-quality lay-flat hoses and circular shuttle looms. We are based in Mandal, on the southern coast of Norway.

Produksjons- og omsetningsvirksomhet og alt som står i forbindelse hermed, derunder å eie aksjer og investere i andre selskaper. Selskapet skal også kunne eie fast eiendom.

Keywords

productionwovenribbonsstretch canvasfire hosesdrive beltstransport beltsscreen clothfilter cloth

Organization

CEO: TF
Thomas Francis Willis1975
Chairman of the board: CA
Charles Arthur Banker1969
Years since formation: 14 years; since Jun 4, 2012
Type: Limited company
VAT registered: Yes
Number of employees: 92

Ownership

Number of shares and share classes: 25,300; 1 share class
Total number of shareholders: 1; person

Financials

Total operating income 2025: 267,534,113; NOK
Annual total result 2025: 20,219,989; NOK
Total equity 2025: 244,472,523; NOK

Last update: Jun 13, 2026

Management

Management / administration

Name	Role	Shares
TF Thomas Francis Willis 1975	Managing Director/CEO	-

Board

Name	Role	Shares
CA Charles Arthur Banker 1969	Chairman	-
AR Arild Reinertsen 1969	Board Member	-
AO Arne Olav Thorsland 1969	Board Member	-
VF Victoria Frandsen 1984	Board Member	-
LL Linda Louise Brokke 1977	Board Member	-
TF Thomas Francis Willis 1975	Board Member	-
SM Susan Marie Webb 1968	Board Member	-

Others

Name	Role	Shares
C CEDRA NORGE AS	Auditor	-

Last update: Apr 8, 2026

Ownership

Company shareholders

Name	Share class	Total number of shares	Share
IL International Limited Fenner	Ordinary shares	25,300	100 %

Last update: Jun 2, 2025

Financials

in NOK

Summary

Year	2025	2024	2023	2022	2021
Total operating income	267,534,113	220,447,214	278,929,482	234,514,470	213,403,096
Annual Total Result	20,219,989	1,938,189	12,351,815	7,061,474	12,181,626
Total assets	308,714,451	272,784,435	283,080,385	277,121,532	277,675,251
Total liabilities	64,241,928	46,593,901	46,477,039	45,808,528	53,423,721
Total equity	244,472,523	226,190,534	236,603,345	231,313,004	224,251,530

P&L

Year	2025	2024	2023	2022	2021
Total operating income	267,534,113	220,447,214	278,929,482	234,514,470	213,403,096
Total operating costs	241,245,931	221,261,509	260,556,193	226,024,589	198,517,471
Operating result	26,288,182	-814,295	18,373,288	8,489,881	14,885,624
Financial income/costs	-204,741	2,814,392	-2,294,950	894,299	678,182
Profit before tax	26,083,441	2,000,098	16,078,338	9,384,180	15,563,806
Total tax & extraordinary income/cost	5,863,452	61,909	3,726,523	2,322,706	3,382,180
Annual Total Result	20,219,989	1,938,189	12,351,815	7,061,474	12,181,626

Balance overview

Year	2025	2024	2023	2022	2021
Total fixed assets	118,176,145	120,653,365	112,035,847	117,003,130	122,306,059
Total current assets	190,538,305	152,131,070	171,044,538	160,118,402	155,369,192
Total assets	308,714,451	272,784,435	283,080,385	277,121,532	277,675,251
Short term debt	64,241,928	46,593,901	46,477,039	45,808,528	53,423,721
Long term debt	0	0	0	0	0
Total liabilities	64,241,928	46,593,901	46,477,039	45,808,528	53,423,721
Contributed capital	193,292,000	193,292,000	193,292,000	193,292,000	193,292,000
Retained earnings	51,180,523	32,898,534	43,311,345	38,021,004	30,959,530
Total equity	244,472,523	226,190,534	236,603,345	231,313,004	224,251,530
Total equity and liabilities	308,714,451	272,784,435	283,080,385	277,121,532	277,675,251

Classification

21st company classification

BETA

Industrial large enterprise

MANDALS AS998 281 636

MANDALS AS

Keywords

Links

Organization

Ownership

Financials

Management

Management / administration

Board

Others

Ownership

Company shareholders

Financials

Summary

P&L

Balance overview

Classification