KVARV AS
Organization
- CEO
- KS
- Chairman of the board
- GW
Gustav Witzøe1953
- Years since formation
- 11 years
- since Dec 22, 2014
- Type
- Limited company
- VAT registered
- Yes
- Number of employees
- 6
Ownership
- Number of shares and share classes
- 4,000
- 2 share classes
- Total number of shareholders
- 6
- 3 companies, 3 persons
- Belongs to group of
Financials
- Total operating income 2024
- 512,000
- NOK
- Annual total result 2024
- 704,319,000
- NOK
- Total equity 2024
- 2,680,622,000
- NOK
Last update: Sep 9, 2025
Management
Management / administration
| Name | Role | Shares |
|---|---|---|
KS | Managing Director/CEO | - |
Board
| Name | Role | Shares |
|---|---|---|
GW 1953 | Chairman | 1 % directly |
GM | Board Member | 97 % directly |
HE 1950 | Board Member | - |
OK | Board Member | - |
AO 1980 | Board Member | - |
Others
| Name | Role | Shares |
|---|---|---|
| Auditor | - |
Top 10 individual shareholders
| Name | Role | Shares |
|---|---|---|
GM | Board Member | 97 % directly |
TJ | - | 1.04 % indirectly |
GW 1953 | Chairman | 1 % directly |
Last update: Jan 2, 2025
Ownership
Company shareholders
| Name | Share class | Total number of shares | Share |
|---|---|---|---|
GM | Class B shares | 3,871 | 96.78 % |
| Class B shares | 47 | 1.18 % | |
GW 1953 | A-shares | 40 | 1 % |
| Class B shares | 32 | 0.8 % | |
GM | A-shares | 9 | 0.22 % |
| A-shares | 1 | 0.03 % |
Shares owned by the KVARV AS
| Name | Share class | Total number of shares | Share |
|---|---|---|---|
| Ordinary shares | 3,000 | 100 % | |
| Ordinary shares | 10,000 | 100 % | |
| Ordinary shares | 3,000 | 100 % | |
| Ordinary shares | 3,000 | 100 % | |
| Ordinary shares | 3,000 | 100 % | |
| Ordinary shares | 3,000 | 100 % | |
| A-shares | 259,189 | 92.34 % | |
| Ordinary shares | 1,000,000 | 18.38 % | |
| Ordinary shares | 1,075,640 | 6.45 % | |
| Class B shares | 32 | 0.8 % |
Last update: Jun 2, 2025
Group structure
- Total operating income 2024: NOK 512,000Operating profit 2024: NOK -46,202,000Employees: 6
Financials
in NOK
Summary
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total operating income | 512,000 | 638,000 | 402,000 | 0 |
Annual Total Result | 704,319,000 | 1,490,728,000 | 458,826,000 | 336,621,000 |
Total assets | 3,717,577,000 | 3,234,634,000 | 1,887,530,000 | 1,677,611,000 |
Total liabilities | 1,036,955,000 | 240,745,000 | 384,369,000 | 992,997,000 |
Total equity | 2,680,622,000 | 2,993,889,000 | 1,503,161,000 | 684,614,000 |
P&L
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total operating income | 512,000 | 638,000 | 402,000 | 0 |
Total operating costs | 46,714,000 | 27,404,000 | 34,786,000 | 21,290,000 |
Operating result | -46,202,000 | -26,766,000 | -34,384,000 | -21,290,000 |
Financial income/costs | 750,521,000 | 1,546,805,000 | 484,074,000 | 353,068,000 |
Profit before tax | 704,319,000 | 1,520,039,000 | 449,690,000 | 331,778,000 |
Total tax & extraordinary income/cost | 0 | 29,311,000 | -9,136,000 | -4,843,000 |
Annual Total Result | 704,319,000 | 1,490,728,000 | 458,826,000 | 336,621,000 |
Balance overview
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total fixed assets | 1,994,359,000 | 1,772,927,000 | 1,852,620,000 | 1,666,737,000 |
Total current assets | 1,723,218,000 | 1,461,707,000 | 34,910,000 | 10,874,000 |
Total assets | 3,717,577,000 | 3,234,634,000 | 1,887,530,000 | 1,677,611,000 |
Short term debt | 1,036,955,000 | 240,745,000 | 384,369,000 | 992,997,000 |
Long term debt | 0 | 0 | 0 | 0 |
Total liabilities | 1,036,955,000 | 240,745,000 | 384,369,000 | 992,997,000 |
Contributed capital | 357,036,000 | 360,006,000 | 360,006,000 | 285,000 |
Retained earnings | 2,323,586,000 | 2,633,883,000 | 1,143,155,000 | 684,329,000 |
Total equity | 2,680,622,000 | 2,993,889,000 | 1,503,161,000 | 684,614,000 |
Total equity and liabilities | 3,717,577,000 | 3,234,634,000 | 1,887,530,000 | 1,677,611,000 |
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