NORTH SEA STONE INDUSTRY AS • 976484878 • Larvik • Other mining and quarrying

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Industry and manufacturing

/ 08.111 Quarrying of ornamental and building stone

NORTH SEA STONE INDUSTRY AS

Keywords

rough cuttingquarryinggranitesandstonemarblecrushingcrushed stoneshingle

Organization

CEO: FN
Frank Nordby1969
Chairman of the board: FN
Frank Nordby1969
Years since formation: 29 years; since May 29, 1996
Type: Limited company
VAT registered: Yes
Number of employees: 0

Ownership

Number of shares and share classes: 200; 1 share class
Total number of shareholders: 2; companies
Belongs to group of

Financials

Total operating income 2024: 12,421,985; NOK
Annual total result 2024: -760,433; NOK
Total equity 2024: 9,891,926; NOK

Last update: Jul 10, 2025

Management

Management / administration

Name	Role	Shares
FN Frank Nordby 1969	Managing Director/CEO	-

Board

Name	Role	Shares
SG Sverre Garpestad 1964	Board Member	11.02 % indirectly
ØL Øyvind Langemyr 1960	Alternate Member	-
MT Marius Torblå 1977	Board Member	-
FN Frank Nordby 1969	Chairman	-

Others

Name	Role	Shares
K KPMG AS	Auditor	-

Top 10 individual shareholders

Name	Role	Shares
MS Michael Stang Treschow 1987	-	33.5 % indirectly
RL Rune Liland-Bertelsen 1959	-	16.43 % indirectly
SG Sverre Garpestad 1964	Board Member	11.02 % indirectly
AL Anne Lundh Kaupang 1969	-	9.3 % indirectly
ML Mette Lundh Håkestad 1958	-	7.44 % indirectly
EL Elin Lundh 1960	-	7.44 % indirectly
KG Kjell Garpestad 1968	-	5.48 % indirectly
TL Thor-Anders Lundh Håkestad 1978	-	1.86 % indirectly
CB Christine Bremseth-Lundh 1986	-	1.86 % indirectly
ML Marius Lundh Håkestad 1981	-	1.86 % indirectly

Last update: May 19, 2025

Ownership

Company shareholders

Name	Share class	Total number of shares	Share
L LUNDHS AS	Ordinary shares	134	67 %
B B & G HOLDING AS	Ordinary shares	66	33 %

Last update: Jun 2, 2025

Group structure

LUNDHS AS
Total operating income 2023: NOK 432,053,866
Operating profit 2023: NOK 44,890,651
Employees: 131

Financials

in NOK

Summary

Year	2024	2023	2022	2021
Total operating income	12,421,985	14,302,530	10,608,729	12,215,089
Annual Total Result	-760,433	1,255,448	1,043,073	-19,577
Total assets	13,801,835	16,988,200	12,846,993	12,555,782
Total liabilities	3,909,909	6,335,841	3,450,082	4,201,944
Total equity	9,891,926	10,652,359	9,396,911	8,353,838

P&L

Year	2024	2023	2022	2021
Total operating income	12,421,985	14,302,530	10,608,729	12,215,089
Total operating costs	13,454,225	12,742,841	9,277,757	12,213,473
Operating result	-1,032,240	1,559,689	1,330,972	1,616
Financial income/costs	61,239	52,488	9,030	-24,388
Profit before tax	-971,001	1,612,177	1,340,002	-22,772
Total tax & extraordinary income/cost	-210,568	356,729	296,929	-3,195
Annual Total Result	-760,433	1,255,448	1,043,073	-19,577

Balance overview

Year	2024	2023	2022	2021
Total fixed assets	4,723,523	5,148,155	6,287,699	5,043,599
Total current assets	9,078,312	11,840,045	6,559,294	7,512,183
Total assets	13,801,835	16,988,200	12,846,993	12,555,782
Short term debt	3,709,909	6,053,841	3,181,282	3,945,944
Long term debt	200,000	282,000	268,800	256,000
Total liabilities	3,909,909	6,335,841	3,450,082	4,201,944
Contributed capital	200,000	200,000	200,000	200,000
Retained earnings	9,691,926	10,452,359	9,196,911	8,153,838
Total equity	9,891,926	10,652,359	9,396,911	8,353,838
Total equity and liabilities	13,801,835	16,988,200	12,846,993	12,555,782

Classification

Category

Industry and manufacturing

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

B

Main industrial area

Mining and quarrying

08

Activity

Other mining and quarrying

08.1

Main industrial group

Quarrying of stone, sand and clay

08.11

Industrial group

Quarrying of ornamental and building stone, limestone, gypsum, chalk and slate

08.111

Industrial group

Quarrying of ornamental and building stone