BITRATE INVEST AS
Organization
- CEO
- US
Usman Saleem1989
- Chairman of the board
- US
Usman Saleem1989
- Years since formation
- 7 years
- since Feb 6, 2018
- Type
- Limited company
- VAT registered
- Yes
- Number of employees
- 0
Ownership
- Number of shares and share classes
- 3,000
- 1 share class
- Total number of shareholders
- 1
- person
Financials
- Total operating income 2024
- 675,488
- NOK
- Annual total result 2024
- 490,447
- NOK
- Total equity 2024
- 802,666
- NOK
Last update: Jun 30, 2025
Management
Management / administration
| Name | Role | Shares |
|---|---|---|
US 1989 | Managing Director/CEO | 100 % directly |
Board
| Name | Role | Shares |
|---|---|---|
US 1989 | Chairman | 100 % directly |
Others
| Name | Role | Shares |
|---|---|---|
| Accountant | - |
Top 10 individual shareholders
| Name | Role | Shares |
|---|---|---|
US 1989 | Managing Director/CEO, Chairman | 100 % directly |
Last update: Apr 13, 2023
Ownership
Company shareholders
| Name | Share class | Total number of shares | Share |
|---|---|---|---|
US 1989 | Ordinary shares | 3,000 | 100 % |
Shares owned by the BITRATE INVEST AS
| Name | Share class | Total number of shares | Share |
|---|---|---|---|
| Ordinary shares | 230,000 | 40 % |
Last update: Jun 2, 2025
Financials
in NOK
Summary
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total operating income | 675,488 | 817,796 | 0 | 0 |
Annual Total Result | 490,447 | 513,821 | -128,382 | -74,744 |
Total assets | 936,334 | 796,396 | 232,134 | 367,390 |
Total liabilities | 133,668 | 335,497 | 285,056 | 291,931 |
Total equity | 802,666 | 460,899 | -52,923 | 75,459 |
P&L
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total operating income | 675,488 | 817,796 | 0 | 0 |
Total operating costs | 76,418 | 189,091 | 28,382 | 54,744 |
Operating result | 599,070 | 628,705 | -28,382 | -54,744 |
Financial income/costs | 25,022 | 6,662 | -100,000 | -20,000 |
Profit before tax | 624,092 | 635,367 | -128,382 | -74,744 |
Total tax & extraordinary income/cost | 133,645 | 121,546 | 0 | 0 |
Annual Total Result | 490,447 | 513,821 | -128,382 | -74,744 |
Balance overview
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total fixed assets | 788,120 | 521,193 | 230,000 | 330,000 |
Total current assets | 148,214 | 275,203 | 2,134 | 37,390 |
Total assets | 936,334 | 796,396 | 232,134 | 367,390 |
Short term debt | 133,668 | 335,497 | 285,056 | 291,931 |
Long term debt | 0 | 0 | 0 | 0 |
Total liabilities | 133,668 | 335,497 | 285,056 | 291,931 |
Contributed capital | 30,000 | 30,000 | 30,000 | 30,000 |
Retained earnings | 772,666 | 430,899 | -82,923 | 45,459 |
Total equity | 802,666 | 460,899 | -52,923 | 75,459 |
Total equity and liabilities | 936,334 | 796,396 | 232,134 | 367,390 |
Classification
Type of organization
Limited company
Classification of institutional sector
INNL
Domestic sectors
A_IKKE-FIN
Non-financial corporations
2100
Private non-financial incorporated enterprises