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G

GWM AS987 622 415

Limited company
Henrik Ibsens gate 100 0255 OSLO, Norge

GWM AS

Operating
Å drive investeringsvirksomhet, herunder å investere i og delta i andre selskaper med et hvilket som helst formål.

Organization

CEO
GW

Gert Wilhelm Munthe1957

Chairman of the board
GW

Gert Wilhelm Munthe1957

Years since formation
21 years
since Jan 5, 2005
Type
Limited company
VAT registered
Yes
Number of employees
0

Ownership

Number of shares and share classes
500
3 share classes
Total number of shareholders
6
4 companies, 2 persons
Belongs to group of

Financials

Total operating income 2025
1,594,906
NOK
Annual total result 2025
-72,486,885
NOK
Total equity 2025
34,065,557
NOK
Last update: Aug 20, 2026

Management

Management / administration

NameRoleShares
GW

Gert Wilhelm Munthe

1957

Managing Director/CEO-

Board

NameRoleShares
GW

Gert Wilhelm Munthe

1957

Chairman-
MH

Maria Helena Nyblom Munthe

1968

Board Member-
FK

Finn Kinserdal

1960

Board Member-
HW

Harald Willumsen

1952

Board Member-
EL

Emilie Lucie Sissener Munthe

1987

Alternate Member-

Others

NameRoleShares
B
BHL AS
Auditor-
H
HÆGLAND & SVANBERG AS
Under liquidation
Accountant-

Top 10 individual shareholders

NameRoleShares
WM

Wilhelm Munthe Gert

1957

-
45.08 %
directly 45 %
indirectly 0.08 %
SM

Sissener Munthe Linnea

1988

-
10.99 %
indirectly
LS

Lucie Sissener Munthe Emilie

1987

-
10.99 %
indirectly
JS

Johan Sissener Munthe Wilhelm

1990

-
10.99 %
indirectly
Last update: Jun 19, 2026

Ownership

Company shareholders

NameShare classTotal number of sharesShare
WM

Wilhelm Munthe Gert

1957

Class B shares
215
43 %
E
EDGE HOLDING AS
Class B shares
110
22 %
W
WHITE MOUNTAIN AS
C-shares
55
11 %
W
WHITE MONSTER AS
C-shares
55
11 %
W
WHITE FACE MOUNTAIN AS
C-shares
55
11 %
WM

Wilhelm Munthe Gert

1957

A-shares
10
2 %

Shares owned by the GWM AS

NameShare classTotal number of sharesShare
H
HERKULES CAPITAL V AS
Ordinary shares
3,000
100 %
A
ADNUNTIUS AS
Ordinary shares
11,295
65.73 %
A
AMICOAT AS
Ordinary shares
17,503,672
30.62 %
M
MENTIS CURA AS
Closed
Ordinary shares
1,370,556
21.15 %
I
IL PANTHEON 2 AS
Closed
Ordinary shares
2,728
5 %
P
PHARMASUM THERAPEUTICS AS
Ordinary shares
76,930
2.38 %
P
PIXOTOPE TECHNOLOGIES AS
Ordinary shares
415
< 0.01 %
L
LYTIX BIOPHARMA ASA
Ordinary shares
396
< 0.01 %
Last update: Sep 25, 2026

Group structure

  • GWM AS
    Total operating income 2025: NOK 1,594,906
    Operating profit 2025: NOK -7,060,313
    Employees: 0

Financials

in NOK

Summary

Year20252024202320222021
Total operating income
1,594,906
0
0
6,000
257,850
Annual Total Result
-72,486,885
-8,409,496
118,825,424
-21,575,581
-38,566,506
Total assets
91,504,517
148,324,767
163,473,758
283,066,228
288,457,394
Total liabilities
57,438,959
69,230,732
62,158,666
300,576,559
264,392,144
Total equity
34,065,557
79,094,035
101,315,092
-17,510,331
24,065,250

P&L

Year20252024202320222021
Total operating income
1,594,906
0
0
6,000
257,850
Total operating costs
8,655,219
7,115,219
8,424,466
8,196,867
17,378,226
Operating result
-7,060,313
-7,115,219
-8,424,466
-8,190,867
-17,120,376
Financial income/costs
-65,426,573
-1,294,278
131,028,783
-15,614,360
-21,446,131
Profit before tax
-72,486,885
-8,409,496
122,604,317
-23,805,227
-38,566,506
Total tax & extraordinary income/cost
0
0
3,778,893
-2,229,646
0
Annual Total Result
-72,486,885
-8,409,496
118,825,424
-21,575,581
-38,566,506

Balance overview

Year20252024202320222021
Total fixed assets
91,322,344
146,246,071
148,379,018
261,851,765
267,711,997
Total current assets
182,173
2,078,696
15,094,740
21,214,463
20,745,396
Total assets
91,504,517
148,324,767
163,473,758
283,066,228
288,457,394
Short term debt
57,438,959
69,230,732
62,158,666
77,131,092
49,437,489
Long term debt
0
0
0
223,445,468
214,954,655
Total liabilities
57,438,959
69,230,732
62,158,666
300,576,559
264,392,144
Contributed capital
29,237,176
1,778,769
1,778,769
1,778,769
1,778,769
Retained earnings
4,828,381
77,315,266
99,536,323
-19,289,100
22,286,481
Total equity
34,065,557
79,094,035
101,315,092
-17,510,331
24,065,250
Total equity and liabilities
91,504,517
148,324,767
163,473,758
283,066,228
288,457,394

Classification

21st company classification
BETA
Small company
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