DEVOLD OF NORWAY AS
Organization
- CEO
- ØV
- Chairman of the board
- EM
- Years since formation
- 23 years
- since Jun 27, 2002
- Type
- Limited company
- VAT registered
- Yes
- Number of employees
- 41
Ownership
- Number of shares and share classes
- 1,000
- 1 share class
- Total number of shareholders
- 1
- company
- Belongs to group of
Financials
- Total operating income 2024
- 421,463,000
- NOK
- Annual total result 2024
- 118,872,000
- NOK
- Total equity 2024
- 54,813,000
- NOK
Last update: Sep 9, 2025
Management
Management / administration
| Name | Role | Shares |
|---|---|---|
ØV | Managing Director/CEO | - |
Board
| Name | Role | Shares |
|---|---|---|
ML | Board Member | 45 % indirectly |
| Board Member | - | |
KT | Board Member | - |
EM | Chairman | - |
| Board Member | - | |
EA | Board Member | - |
HM | Board Member | - |
Others
| Name | Role | Shares |
|---|---|---|
| Auditor | - |
Top 10 individual shareholders
| Name | Role | Shares |
|---|---|---|
EJ 1995 | - | 45 % indirectly |
ML | Board Member | 45 % indirectly |
Last update: Apr 9, 2025
Ownership
Company shareholders
| Name | Share class | Total number of shares | Share |
|---|---|---|---|
| Ordinary shares | 1,000 | 100 % |
Shares owned by the DEVOLD OF NORWAY AS
| Name | Share class | Total number of shares | Share |
|---|---|---|---|
| Ordinary shares | 2,900 | 100 % | |
| Ordinary shares | 970 | 61.78 % | |
| Ordinary shares | 1 | 0.12 % |
Last update: Jun 2, 2025
Group structure
- Total operating income 2024: NOK 36,399Operating profit 2024: NOK -22,940,883Employees: 0
Financials
in NOK
Summary
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total operating income | 421,463,000 | 388,985,284 | 404,436,979 | 396,371,079 |
Annual Total Result | 118,872,000 | -9,268,272 | 74,362,904 | 27,892,250 |
Total assets | 434,842,000 | 367,157,646 | 294,695,007 | 283,583,547 |
Total liabilities | 380,029,000 | 260,136,775 | 178,405,864 | 219,179,185 |
Total equity | 54,813,000 | 107,020,871 | 116,289,143 | 64,404,362 |
P&L
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total operating income | 421,463,000 | 388,985,284 | 404,436,979 | 396,371,079 |
Total operating costs | 411,993,000 | 0 | 0 | 0 |
Operating result | 9,470,000 | -4,805,702 | 37,273,151 | 35,006,579 |
Financial income/costs | 109,728,000 | 0 | 0 | 0 |
Profit before tax | 119,198,000 | -11,400,854 | 81,326,185 | 35,626,553 |
Total tax & extraordinary income/cost | 326,000 | -2,132,582 | 6,963,281 | 7,734,303 |
Annual Total Result | 118,872,000 | -9,268,272 | 74,362,904 | 27,892,250 |
Balance overview
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total fixed assets | 86,043,000 | 82,878,408 | 80,280,168 | 88,085,125 |
Total current assets | 348,799,000 | 284,279,238 | 214,414,839 | 195,498,422 |
Total assets | 434,842,000 | 367,157,646 | 294,695,007 | 283,583,547 |
Short term debt | 380,029,000 | 226,861,234 | 145,984,111 | 188,488,485 |
Long term debt | 0 | 0 | 0 | 0 |
Total liabilities | 380,029,000 | 260,136,775 | 178,405,864 | 219,179,185 |
Contributed capital | 37,021,000 | 49,425,260 | 49,425,260 | 47,669,560 |
Retained earnings | 17,792,000 | 57,595,611 | 66,863,883 | 16,734,802 |
Total equity | 54,813,000 | 107,020,871 | 116,289,143 | 64,404,362 |
Total equity and liabilities | 434,842,000 | 367,157,646 | 294,695,007 | 283,583,547 |
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