KVARV AS
Keywords
apartmentsrentalagricultural landagricultural properties
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: Aug 12, 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
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
L
Main industrial area
Real estate activities
68
Activity
Real estate activities
68.2
Main industrial group
Renting and operating of own or leased real estate
68.20
Industrial group
Renting and operating of own real estate
68.209
Industrial group
Other letting of real estate