KVARØY SMOLT AS • 976969413 • Mo i rana • Fishing and aquaculture

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/ Freshwater aquaculture

/ 03.222 Operation of freshwater hatcheries

KVARØY SMOLT AS

Keywords

productionroefryfreshwater

Organization

CEO: JM
John Morten Abelsen1976
Chairman of the board: MD
Marit Dille1965
Years since formation: 29 years; since Dec 9, 1996
Type: Limited company
VAT registered: Yes
Number of employees: 23

Ownership

Number of shares and share classes: 26,686; 1 share class
Total number of shareholders: 3; companies
Belongs to group of

Financials

Total operating income 2024: 128,687,387; NOK
Annual total result 2024: -6,780,387; NOK
Total equity 2024: 165,735,209; NOK

Last update: Aug 13, 2025

Management

Management / administration

Name	Role	Shares
JM John Morten Abelsen 1976	Managing Director/CEO	-

Board

Name	Role	Shares
AG Alf Gøran Knutsen 1980	Board Member	-
GO Gjermund Olsen 1987	Board Member	14.46 % indirectly
JE Jan Erik Jakobsen 1963	Board Member	7 % indirectly
JM Jan-Terje Mikalsen 1985	Board Member	5.55 % indirectly
MD Marit Dille 1965	Chairman	-

Others

Name	Role	Shares
H HELGELAND REVISJON AS	Auditor	-
E EDVARDSEN ØKONOMISERVICE AS	Accountant	-

Top 10 individual shareholders

Name	Role	Shares
HO Håvard Olsen 1990	-	14.46 % indirectly
GO Gjermund Olsen 1987	Board Member	14.46 % indirectly
IK Ida Knutsen 1984	-	14.46 % indirectly
JE Jan Erik Jakobsen 1963	Board Member	7 % indirectly
JM Jan-Terje Mikalsen 1985	Board Member	5.55 % indirectly
TM Tom-Erik Mikalsen 1980	-	5.55 % indirectly
GM Gunnar Mikalsen 1956	-	5.55 % indirectly
VM Vegard Mikalsen 1994	-	5.55 % indirectly
JO Julie-Anne Olvik 1978	-	4.07 % indirectly
SM Stein-Wiggo Mørk 1981	-	4.07 % indirectly

Last update: Mar 19, 2025

Ownership

Company shareholders

Name	Share class	Total number of shares	Share
K Kvarøy Fiskeoppdrett A/S	Ordinary shares	14,838	55.6 %
S SELØY SJØFARM AS	Ordinary shares	5,924	22.2 %
K KOBBVÅGLAKS AS	Ordinary shares	5,924	22.2 %

Shares owned by the KVARØY SMOLT AS

Name	Share class	Total number of shares	Share
P POLARSIRKELEN LUFTHAVNUTVIKLING AS	Ordinary shares	100	0.37 %

Last update: Jun 2, 2025

Group structure

KVARØY INVEST AS
Total operating income 2024: NOK 0
Operating profit 2024: NOK -135,767
Employees: 0

Financials

in NOK

Summary

Year	2024	2023	2022	2021
Total operating income	128,687,387	57,858,879	60,403,495	57,760,753
Annual Total Result	-6,780,387	-7,585,967	-9,415,888	-7,821,318
Total assets	425,795,958	378,842,501	337,282,381	195,341,165
Total liabilities	260,060,750	355,973,578	306,827,490	155,470,387
Total equity	165,735,209	22,868,923	30,454,890	39,870,779

P&L

Year	2024	2023	2022	2021
Total operating income	128,687,387	57,858,879	60,403,495	57,760,753
Total operating costs	119,011,024	61,267,696	69,834,027	65,877,948
Operating result	9,676,363	-3,408,818	-9,430,533	-8,117,195
Financial income/costs	-18,012,357	-6,312,066	-2,634,660	-1,899,876
Profit before tax	-8,335,994	-9,720,884	-12,065,192	-10,017,071
Total tax & extraordinary income/cost	-1,555,607	-2,134,917	-2,649,304	-2,195,753
Annual Total Result	-6,780,387	-7,585,967	-9,415,888	-7,821,318

Balance overview

Year	2024	2023	2022	2021
Total fixed assets	327,420,815	322,978,661	267,020,029	129,987,272
Total current assets	98,375,144	55,863,840	70,262,352	65,353,893
Total assets	425,795,958	378,842,501	337,282,381	195,341,165
Short term debt	13,529,592	109,585,008	261,612,941	105,278,084
Long term debt	246,531,157	246,388,570	45,214,549	50,192,303
Total liabilities	260,060,750	355,973,578	306,827,490	155,470,387
Contributed capital	165,735,209	22,868,923	30,163,546	30,163,546
Retained earnings	0	0	291,344	9,707,233
Total equity	165,735,209	22,868,923	30,454,890	39,870,779
Total equity and liabilities	425,795,958	378,842,501	337,282,381	195,341,165

Classification

Category

/ Freshwater aquaculture

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

A

Main industrial area

Agriculture, forestry and fishing

03

Activity

Fishing and aquaculture

03.2

Main industrial group

Aquaculture

03.22

Industrial group

Freshwater aquaculture

03.222

Industrial group

Operation of freshwater hatcheries