WEST SYSTEM NORGE AS • 976950879 • Oslo • Retail trade, except of motor vehicles and motorcycles

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Goods and trade

/ Purchase and sale

WEST SYSTEM NORGE AS

Keywords

leisure boatsequipment

Organization

CEO: HT
Håvard Tidemand-Johannessen1995
Chairman of the board: TO
Tolle Olaf Rørvik Grøterud1978
Years since formation: 28 years; since Dec 3, 1996
Type: Limited company
VAT registered: Yes
Number of employees: 17

Ownership

Number of shares and share classes: 150; 1 share class
Total number of shareholders: 1; company
Belongs to group of

Financials

Total operating income 2023: 78,288,661; NOK
Annual total result 2023: -2,850,137; NOK
Total equity 2023: 25,729,047; NOK

Last update: Oct 14, 2024

Management

Management / administration

Name	Role	Shares
HT Håvard Tidemand-Johannessen 1995	Managing Director/CEO	-

Board

Name	Role	Shares
TO Tolle Olaf Rørvik Grøterud 1978	Chairman	-
JS Jakob Sande 1988	Board Member	-

Others

Name	Role	Shares
Ø ØST-REVISJON AS	Auditor	-
W WICAN REGNSKAP FREDRIKSTAD AS	Accountant	-

Top 10 individual shareholders

Name	Role	Shares
SO Steinar Jørgensen Olsen 1970	-	1.97 % indirectly
HM Hugo Lund Maurstad 1965	-	1.86 % indirectly
JE Jon Einar Melbye 1970	-	1.43 % indirectly

Last update: Jul 5, 2024

Ownership

Company shareholders

Name	Share class	Number of shares	Share
X XXL SPORT & VILLMARK AS	Ordinary shares	150	100 %

Last update: May 24, 2024

Group structure

XXL ASA
Total operating income 2023: NOK 0
Operating profit 2023: NOK -43,000,000
Employees: 0

Financials

in NOK

Summary

Year	2023	2022	2021
Total operating income	78,288,661	95,607,820	116,646,339
Annual Total Result	-2,850,137	118,145	10,203,466
Total assets	37,975,083	48,599,879	50,234,511
Total liabilities	12,246,036	20,020,695	21,773,471
Total equity	25,729,047	28,579,184	28,461,039

P&L

Year	2023	2022	2021
Total operating income	78,288,661	95,607,820	116,646,339
Total operating costs	81,309,868	94,837,623	103,316,257
Operating result	-3,021,207	770,197	13,330,082
Financial income/costs	-633,383	-607,957	-241,434
Profit before tax	-3,654,590	162,240	13,088,648
Total tax & extraordinary income/cost	-804,453	44,095	2,885,182
Annual Total Result	-2,850,137	118,145	10,203,466

Balance overview

Year	2023	2022	2021
Total fixed assets	2,780,947	1,793,724	996,463
Total current assets	35,194,136	46,806,155	49,238,048
Total assets	37,975,083	48,599,879	50,234,511
Short term debt	12,246,036	20,020,695	21,773,471
Long term debt	0	0	0
Total liabilities	12,246,036	20,020,695	21,773,471
Contributed capital	150,000	150,000	150,000
Retained earnings	25,579,047	28,429,184	28,311,039
Total equity	25,729,047	28,579,184	28,461,039
Total equity and liabilities	37,975,083	48,599,879	50,234,511

Classification

Category

Goods and trade

/ Purchase and sale

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

G

Main industrial area

Wholesale and retail trade; repair of motor vehicles and motorcycles

47

Activity

Retail trade, except of motor vehicles and motorcycles

47.6

Main industrial group

Retail sale of cultural and recreation goods in specialised stores

47.64

Industrial group

Retail sale of sporting equipment in specialised stores

47.642

Industrial group

Retail sale of pleasure boats and equipment in specialised stores