CONNECTOR SUBSEA DISTRIBUTION AS
Norvalves - An innovative fast-track valve manufacturer
An innovative fast-track valve manufacturer
Keywords
productionfaucetsvalvescontrol valvesinflow valvessanitary faucetssanitary valves
Links
Organization
- CEO
- AK
- Chairman of the board
- PM
Pål Magne Hisdal1969
- Years since formation
- 27 years
- since Jul 7, 1998
- Type
- Limited company
- VAT registered
- Yes
- Number of employees
- 24
Ownership
- Number of shares and share classes
- 1
- 1 share class
- Total number of shareholders
- 1
- company
- Belongs to group of
Financials
- Total operating income 2024
- 132,377,962
- NOK
- Annual total result 2024
- -5,316,161
- NOK
- Total equity 2024
- 7,756,889
- NOK
Last update: Jul 24, 2025
Management
Management / administration
| Name | Role | Shares |
|---|---|---|
AK | Managing Director/CEO | 5.5 % indirectly |
Board
| Name | Role | Shares |
|---|---|---|
PM 1969 | Chairman | - |
IK | Board Member | 10 % indirectly |
Others
| Name | Role | Shares |
|---|---|---|
| Auditor | - |
Top 10 individual shareholders
| Name | Role | Shares |
|---|---|---|
IK | Board Member | 10 % indirectly |
AK | Managing Director/CEO | 5.5 % indirectly |
KA | - | 5 % indirectly |
Last update: Jun 6, 2025
Ownership
Company shareholders
| Name | Share class | Total number of shares | Share |
|---|---|---|---|
| Ordinary shares | 1 | 100 % |
Last update: Jun 2, 2025
Group structure
- Total operating income 2023: NOK 0Operating profit 2023: NOK -149,672Employees: 0
Financials
in NOK
Summary
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total operating income | 132,377,962 | 87,707,203 | 21,372,708 | 20,119,289 |
Annual Total Result | -5,316,161 | 2,058,552 | 5,172,711 | -10,480,170 |
Total assets | 77,657,960 | 53,474,365 | 22,509,103 | 12,356,881 |
Total liabilities | 69,901,071 | 40,401,315 | 11,494,606 | 50,865,094 |
Total equity | 7,756,889 | 13,073,050 | 11,014,497 | -38,508,213 |
P&L
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total operating income | 132,377,962 | 87,707,203 | 21,372,708 | 20,119,289 |
Total operating costs | 137,629,681 | 85,183,218 | 27,876,724 | 26,682,715 |
Operating result | -5,251,719 | 2,523,985 | -6,504,016 | -6,563,426 |
Financial income/costs | -1,593,696 | 116,050 | -742,484 | -2,265,176 |
Profit before tax | -6,845,415 | 2,640,034 | -7,246,500 | -8,828,602 |
Total tax & extraordinary income/cost | -1,529,254 | 581,482 | -12,419,211 | 1,651,568 |
Annual Total Result | -5,316,161 | 2,058,552 | 5,172,711 | -10,480,170 |
Balance overview
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total fixed assets | 34,576,146 | 12,915,160 | 13,099,820 | 670,140 |
Total current assets | 43,081,814 | 40,559,205 | 9,409,283 | 11,686,741 |
Total assets | 77,657,960 | 53,474,365 | 22,509,103 | 12,356,881 |
Short term debt | 51,595,728 | 39,535,179 | 8,622,280 | 8,862,059 |
Long term debt | 18,305,344 | 866,136 | 2,872,326 | 42,003,035 |
Total liabilities | 69,901,071 | 40,401,315 | 11,494,606 | 50,865,094 |
Contributed capital | 7,756,889 | 13,073,050 | 46,750,000 | 2,400,000 |
Retained earnings | 0 | 0 | -35,735,503 | -40,908,213 |
Total equity | 7,756,889 | 13,073,050 | 11,014,497 | -38,508,213 |
Total equity and liabilities | 77,657,960 | 53,474,365 | 22,509,103 | 12,356,881 |
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
28
Activity
Manufacture of machinery and equipment n.e.c.
28.1
Main industrial group
Manufacture of general-purpose machinery
28.14
Industrial group
Manufacture of taps and valves
28.140
Industrial group
Manufacture of taps and valves