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M

MODALEN EIENDOM AS892 144 222

Purchase and sale
Limited company
Hæstadveien 5 4770 HØVÅG, Norge
Construction
/ Purchase and sale
/ 41.109 Other development and sale of real estate

MODALEN EIENDOM AS

Keywords

real estatesalesdevelopment

Organization

CEO
RV

Richard Vasstrøm Modalen1978

Chairman of the board
BE

Bjørn Erik Modalen1954

Years since formation
17 years
since Jan 19, 2008
Type
Limited company
VAT registered
No
Number of employees
0

Ownership

Number of shares and share classes
1,000
1 share class
Total number of shareholders
1
company
Belongs to group of

Financials

Annual total result 2024
-789,062
NOK
Total equity 2024
-2,038,783
NOK
Last update: Jun 30, 2025

Management

Management / administration

NameRoleShares
RV

Richard Vasstrøm Modalen

1978

Managing Director/CEO
95.56 %
indirectly

Board

NameRoleShares
BE

Bjørn Erik Modalen

1954

Chairman
4.44 %
indirectly
RV

Richard Vasstrøm Modalen

1978

Board Member
95.56 %
indirectly
EM

Eldbjørg Modalen

1955

Alternate Member-

Others

NameRoleShares
B
BDO AS
Auditor-
V
VALUE GROUP AS
Accountant-

Top 10 individual shareholders

NameRoleShares
RV

Richard Vasstrøm Modalen

1978

Managing Director/CEO, Board Member
95.56 %
indirectly
BE

Bjørn Erik Modalen

1954

Chairman
4.44 %
indirectly
Last update: Jul 3, 2025

Ownership

Company shareholders

NameShare classTotal number of sharesShare
B
BYGGMESTER MODALEN AS
Ordinary shares
1,000
100 %

Shares owned by the MODALEN EIENDOM AS

NameShare classTotal number of sharesShare
S
STRANDGT. 10 HOLDING AS
Ordinary shares
3
50 %
N
NEXT BIOMETRICS GROUP ASA
NO0010629108
711,389
0.62 %
A
AXACTOR ASA
NO0010840515
172,000
0.06 %
Last update: Jun 2, 2025

Group structure

  • MODALEN HOLDING AS
    Total operating income 2024: NOK 0
    Operating profit 2024: NOK -25,477
    Employees: 0

Financials

in NOK

Summary

Year2024202320222021
Total operating income
0
753,264
0
0
Annual Total Result
-789,062
1,235,997
-753,324
-510,960
Total assets
30,855,297
27,078,837
21,105,175
13,110,642
Total liabilities
32,894,080
28,328,558
23,590,892
15,016,855
Total equity
-2,038,783
-1,249,721
-2,485,717
-1,906,213

P&L

Year2024202320222021
Total operating income
0
753,264
0
0
Total operating costs
150,072
880,580
47,244
57,550
Operating result
-150,072
-127,316
-47,244
-57,550
Financial income/costs
-638,990
1,363,313
-706,080
-453,411
Profit before tax
-789,062
1,235,997
-753,324
-510,960
Total tax & extraordinary income/cost
0
0
0
0
Annual Total Result
-789,062
1,235,997
-753,324
-510,960

Balance overview

Year2024202320222021
Total fixed assets
8,693,095
8,636,373
7,627,727
1,398,981
Total current assets
22,162,202
18,442,464
13,477,449
11,711,662
Total assets
30,855,297
27,078,837
21,105,175
13,110,642
Short term debt
1,304,305
70,568
106,782
144,109
Long term debt
31,589,775
28,257,989
23,484,110
14,872,746
Total liabilities
32,894,080
28,328,558
23,590,892
15,016,855
Contributed capital
1,132,647
1,132,647
1,132,647
958,827
Retained earnings
-3,171,430
-2,382,368
-3,618,364
-2,865,040
Total equity
-2,038,783
-1,249,721
-2,485,717
-1,906,213
Total equity and liabilities
30,855,297
27,078,837
21,105,175
13,110,642

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
F
Main industrial area
Construction
41
Activity
Construction of buildings
41.1
Main industrial group
Development of building projects
41.10
Industrial group
Development of building projects
41.109
Industrial group
Other development and sale of real estate