PROTRUST AS
Protrust | Competency Assessment for Drilling and Completions personnel
Protrust conducts skill testing of drilling and completions personnel. We also provide consultants & SMEs to the Oil and Gas industry.
Organization
- CEO
- EK
Edvin Kvalvaag1959
- Chairman of the board
- EK
Edvin Kvalvaag1959
- Years since formation
- 5 years
- since Sep 22, 2020
- Type
- Limited company
- VAT registered
- No
- Number of employees
- 0
Ownership
- Number of shares and share classes
- 3
- 1 share class
- Total number of shareholders
- 1
- person
Financials
- Annual total result 2024
- -180,037
- NOK
- Total equity 2024
- 48,080
- NOK
Last update: Sep 9, 2025
Management
Management / administration
| Name | Role | Shares |
|---|---|---|
EK 1959 | Managing Director/CEO | - |
Board
| Name | Role | Shares |
|---|---|---|
EK 1959 | Chairman | - |
Top 10 individual shareholders
| Name | Role | Shares |
|---|---|---|
EK 1959 | - | 100 % directly |
Last update: Apr 13, 2023
Ownership
Company shareholders
| Name | Share class | Total number of shares | Share |
|---|---|---|---|
EK 1959 | Ordinary shares | 3 | 100 % |
Shares owned by the PROTRUST AS
| Name | Share class | Total number of shares | Share |
|---|---|---|---|
| NO0011030678 | 1,200 | 0.2 % |
Last update: Jun 2, 2025
Financials
in NOK
Summary
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total operating income | 0 | 0 | 0 | 6,345 |
Annual Total Result | -180,037 | -98,096 | -2,105 | 2,640 |
Total assets | 45,526 | 228,118 | 325,688 | 328,823 |
Total liabilities | -2,554 | 0 | 0 | 745 |
Total equity | 48,080 | 228,118 | 327,895 | 328,078 |
P&L
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total operating income | 0 | 0 | 0 | 6,345 |
Total operating costs | 4,059 | 14,100 | 2,105 | 1,673 |
Operating result | -4,059 | -14,100 | -2,105 | 4,672 |
Financial income/costs | -175,452 | -83,997 | 0 | 0 |
Profit before tax | -179,511 | -98,096 | -2,105 | 4,672 |
Total tax & extraordinary income/cost | 526 | 0 | 0 | 2,032 |
Annual Total Result | -180,037 | -98,096 | -2,105 | 2,640 |
Balance overview
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total fixed assets | 0 | 526 | 300,000 | 300,000 |
Total current assets | 45,526 | 227,592 | 25,688 | 28,823 |
Total assets | 45,526 | 228,118 | 325,688 | 328,823 |
Short term debt | -2,554 | 0 | 0 | 745 |
Long term debt | 0 | 0 | 0 | 0 |
Total liabilities | -2,554 | 0 | 0 | 745 |
Contributed capital | 330,000 | 330,000 | 30,000 | 30,000 |
Retained earnings | -281,920 | -101,882 | 297,895 | 298,078 |
Total equity | 48,080 | 228,118 | 327,895 | 328,078 |
Total equity and liabilities | 45,526 | 228,118 | 327,895 | 328,823 |
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