UTEL AS
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Network monitoring, insight and analysis for operators and service providers. Understand performance, optimise operations, troubleshoot, enforce SLAs, and protect against threats with Utel.
Keywords
releasesoftwarebusiness applicationsapplications
Organization
- CEO
- MJ
- Chairman of the board
- EZ
- Years since formation
- 27 years
- since Sep 16, 1998
- Type
- Limited company
- VAT registered
- Yes
- Number of employees
- 10
Ownership
- Number of shares and share classes
- 1,187,529
- 1 share class
- Total number of shareholders
- 8
- 2 companies, 6 persons
- Belongs to group of
Financials
- Total operating income 2024
- 4,731,086
- NOK
- Annual total result 2024
- -2,855,343
- NOK
- Total equity 2024
- 4,902,292
- NOK
Last update: Jun 13, 2025
Management
Management / administration
| Name | Role | Shares |
|---|---|---|
MJ | Managing Director/CEO | - |
Board
| Name | Role | Shares |
|---|---|---|
EZ | Chairman | - |
HM | Board Member | - |
FG 1973 | Board Member | 2.85 % directly |
Others
| Name | Role | Shares |
|---|---|---|
| Auditor | - | |
| Accountant | - |
Top 10 individual shareholders
| Name | Role | Shares |
|---|---|---|
FG 1973 | Board Member | 2.85 % directly |
HN | - | 1.18 % directly |
Last update: Apr 26, 2025
Ownership
Company shareholders
| Name | Share class | Total number of shares | Share |
|---|---|---|---|
| Ordinary shares | 1,060,030 | 89.26 % | |
| Ordinary shares | 66,658 | 5.61 % | |
FG 1973 | Ordinary shares | 33,826 | 2.85 % |
HN | Ordinary shares | 14,000 | 1.18 % |
RB | Ordinary shares | 5,000 | 0.42 % |
NO | Ordinary shares | 4,015 | 0.34 % |
HL 1975 | Ordinary shares | 2,500 | 0.21 % |
JE | Ordinary shares | 1,500 | 0.13 % |
Shares owned by the UTEL AS
| Name | Share class | Total number of shares | Share |
|---|---|---|---|
| Ordinary shares | 66,658 | 5.61 % |
Last update: Jun 2, 2025
Group structure
- Total operating income 2023: NOK 519,315,000Operating profit 2023: NOK 334,711,000Employees: 41
Financials
in NOK
Summary
| Year | 2024 | 2023 | 2022 |
|---|---|---|---|
Total operating income | 4,731,086 | 4,892,348 | 6,223,912 |
Annual Total Result | -2,855,343 | -3,023,540 | -2,502,803 |
Total assets | 21,942,274 | 14,829,438 | 14,787,316 |
Total liabilities | 17,039,982 | 8,571,811 | 5,559,693 |
Total equity | 4,902,292 | 6,257,627 | 9,227,624 |
P&L
| Year | 2024 | 2023 | 2022 |
|---|---|---|---|
Total operating income | 4,731,086 | 4,892,348 | 6,223,912 |
Total operating costs | 8,044,967 | 8,666,562 | 9,343,092 |
Operating result | -3,313,881 | -3,774,213 | -3,119,180 |
Financial income/costs | -710,210 | -100,478 | -88,076 |
Profit before tax | -4,024,092 | -3,874,691 | -3,207,255 |
Total tax & extraordinary income/cost | -1,168,749 | -851,151 | -704,452 |
Annual Total Result | -2,855,343 | -3,023,540 | -2,502,803 |
Balance overview
| Year | 2024 | 2023 | 2022 |
|---|---|---|---|
Total fixed assets | 18,172,114 | 12,473,210 | 7,762,565 |
Total current assets | 3,770,160 | 2,356,228 | 7,024,751 |
Total assets | 21,942,274 | 14,829,438 | 14,787,316 |
Short term debt | 4,039,982 | 3,071,811 | 3,059,693 |
Long term debt | 13,000,000 | 5,500,000 | 2,500,000 |
Total liabilities | 17,039,982 | 8,571,811 | 5,559,693 |
Contributed capital | 4,902,292 | 3,698,695 | 9,695,935 |
Retained earnings | 0 | 2,558,932 | -468,311 |
Total equity | 4,902,292 | 6,257,627 | 9,227,624 |
Total equity and liabilities | 21,942,274 | 14,829,438 | 14,787,316 |
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
J
Main industrial area
Information and communication
58
Activity
Publishing activities
58.2
Main industrial group
Software publishing
58.29
Industrial group
Other software publishing
58.290
Industrial group
Other software publishing