ALGEA AS
Algea - Algea is worldwide leader in manufacturing algae like Ascophyllum nodosum
Algea collects and processes algae like Ascophyllum nodosum to make extracts and phytocomplexes for use in agriculture, animal feed and now also in human consumption and cosmetics.
Keywords
productionfeedfeed mixtureslivestockconcentratedfeed supplements
Organization
- CEO
- OB
Ottorino Biondi1969
- Chairman of the board
- OB
Ottorino Biondi1969
- Years since formation
- 30 years
- since Feb 19, 1995
- Type
- Limited company
- VAT registered
- Yes
- Number of employees
- 54
Ownership
- Number of shares and share classes
- 1,000
- 1 share class
- Total number of shareholders
- 1
- person
- Belongs to group of
Financials
- Total operating income 2023
- 235,496,902
- NOK
- Annual total result 2023
- 31,813,090
- NOK
- Total equity 2023
- 230,277,147
- NOK
Last update: Jul 14, 2025
Management
Management / administration
| Name | Role | Shares |
|---|---|---|
OB 1969 | Managing Director/CEO | - |
Board
| Name | Role | Shares |
|---|---|---|
AC | Board Member | - |
OB 1969 | Chairman | - |
IL | Board Member | - |
Others
| Name | Role | Shares |
|---|---|---|
| Auditor | - | |
| Accountant | - |
Last update: Oct 25, 2024
Ownership
Company shareholders
| Name | Share class | Total number of shares | Share |
|---|---|---|---|
| Ordinary shares | 1,000 | 100 % |
Shares owned by the ALGEA AS
| Name | Share class | Total number of shares | Share |
|---|---|---|---|
| Ordinary shares | 1,000 | 100 % |
Last update: Jun 2, 2025
Group structure
- Total operating income 2023: NOK 235,496,902Operating profit 2023: NOK 37,458,213Employees: 54
Financials
in NOK
Summary
| Year | 2023 | 2022 | 2021 |
|---|---|---|---|
Total operating income | 235,496,902 | 226,417,884 | 182,456,556 |
Annual Total Result | 31,813,090 | 25,102,702 | 15,171,972 |
Total assets | 293,515,253 | 272,109,974 | 227,790,549 |
Total liabilities | 63,238,106 | 75,514,185 | 54,793,254 |
Total equity | 230,277,147 | 196,595,790 | 172,997,295 |
P&L
| Year | 2023 | 2022 | 2021 |
|---|---|---|---|
Total operating income | 235,496,902 | 226,417,884 | 182,456,556 |
Total operating costs | 198,038,688 | 197,827,770 | 165,923,535 |
Operating result | 37,458,213 | 28,590,114 | 16,533,021 |
Financial income/costs | 3,338,758 | 3,643,782 | 2,420,306 |
Profit before tax | 40,796,972 | 32,233,895 | 18,953,326 |
Total tax & extraordinary income/cost | 8,983,882 | 7,131,193 | 3,781,354 |
Annual Total Result | 31,813,090 | 25,102,702 | 15,171,972 |
Balance overview
| Year | 2023 | 2022 | 2021 |
|---|---|---|---|
Total fixed assets | 131,526,804 | 124,595,735 | 113,178,034 |
Total current assets | 161,988,449 | 147,514,240 | 114,612,515 |
Total assets | 293,515,253 | 272,109,974 | 227,790,549 |
Short term debt | 56,321,837 | 64,371,952 | 47,175,652 |
Long term debt | 6,916,269 | 11,142,233 | 7,617,601 |
Total liabilities | 63,238,106 | 75,514,185 | 54,793,254 |
Contributed capital | 4,958,000 | 4,958,000 | 4,958,000 |
Retained earnings | 225,319,147 | 191,637,790 | 168,039,295 |
Total equity | 230,277,147 | 196,595,790 | 172,997,295 |
Total equity and liabilities | 293,515,253 | 272,109,974 | 227,790,549 |
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
C
Main industrial area
Manufacturing
10
Activity
Manufacture of food products
10.9
Main industrial group
Manufacture of prepared animal feeds
10.91
Industrial group
Manufacture of prepared feeds for farm animals
10.910
Industrial group
Manufacture of prepared feeds for farm animals