CYCLE START AS
Organization
- CEO
- ES
Edvin Syse1978
- Chairman of the board
- ES
Edvin Syse1978
- Years since formation
- 5 years
- since Feb 4, 2020
- Type
- Limited company
- VAT registered
- Yes
- Number of employees
- 0
Ownership
- Number of shares and share classes
- 100
- 1 share class
- Total number of shareholders
- 1
- company
- Belongs to group of
Financials
- Total operating income 2024
- 3,536,968
- NOK
- Annual total result 2024
- -37,253
- NOK
- Total equity 2024
- -446,959
- NOK
Last update: Sep 9, 2025
Management
Management / administration
| Name | Role | Shares |
|---|---|---|
ES 1978 | Managing Director/CEO | 100 % indirectly |
Board
| Name | Role | Shares |
|---|---|---|
ES 1978 | Chairman | 100 % indirectly |
MS | Alternate Member | - |
Others
| Name | Role | Shares |
|---|---|---|
| Accountant | - |
Top 10 individual shareholders
| Name | Role | Shares |
|---|---|---|
ES 1978 | Managing Director/CEO, Chairman | 100 % indirectly |
Last update: Jul 26, 2025
Ownership
Company shareholders
| Name | Share class | Total number of shares | Share |
|---|---|---|---|
| Ordinary shares | 100 | 100 % |
Last update: Jun 2, 2025
Group structure
- Total operating income 2024: NOK 780,713Operating profit 2024: NOK 481,737Employees: 0
Financials
in NOK
Summary
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total operating income | 3,536,968 | 3,344,248 | 3,161,474 | 1,940,065 |
Annual Total Result | -37,253 | 13,335 | -199,296 | -358,856 |
Total assets | 2,970,655 | 3,377,254 | 3,345,340 | 2,969,974 |
Total liabilities | 3,417,614 | 3,786,961 | 3,768,381 | 3,193,719 |
Total equity | -446,959 | -409,706 | -423,041 | -223,745 |
P&L
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total operating income | 3,536,968 | 3,344,248 | 3,161,474 | 1,940,065 |
Total operating costs | 3,417,613 | 3,171,398 | 3,285,521 | 2,284,731 |
Operating result | 119,356 | 172,850 | -124,047 | -344,666 |
Financial income/costs | -156,608 | -159,516 | -75,249 | -14,190 |
Profit before tax | -37,253 | 13,335 | -199,296 | -358,856 |
Total tax & extraordinary income/cost | 0 | 0 | 0 | 0 |
Annual Total Result | -37,253 | 13,335 | -199,296 | -358,856 |
Balance overview
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total fixed assets | 1,790,783 | 1,946,040 | 2,139,581 | 1,948,072 |
Total current assets | 1,179,871 | 1,431,215 | 1,205,759 | 1,021,902 |
Total assets | 2,970,655 | 3,377,254 | 3,345,340 | 2,969,974 |
Short term debt | 1,179,959 | 1,655,861 | 1,716,211 | 1,177,175 |
Long term debt | 2,237,655 | 2,131,100 | 2,052,170 | 2,016,544 |
Total liabilities | 3,417,614 | 3,786,961 | 3,768,381 | 3,193,719 |
Contributed capital | 100,000 | 100,000 | 100,000 | 100,000 |
Retained earnings | -546,959 | -509,706 | -523,041 | -323,745 |
Total equity | -446,959 | -409,706 | -423,041 | -223,745 |
Total equity and liabilities | 2,970,655 | 3,377,254 | 3,345,340 | 2,969,974 |
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