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BORGSTEIN AS824 783 802

Other Real Estate
Limited company
Stålhaugen 9 6065 ULSTEINVIK, Norge

Organization

Chairman of the board
Years since formation
5 years
since Mar 18, 2020
Type
Limited company
VAT registered
Yes
Number of employees
13

Ownership

Number of shares and share classes
50
1 share class
Total number of shareholders
5
companies
Belongs to group of

Financials

Total operating income 2024
61,461,224
NOK
Annual total result 2024
61,760,362
NOK
Total equity 2024
788,390,592
NOK
Last update: Aug 12, 2025

Management

Management / administration

NameRoleShares
Managing Director/CEO
20 %
indirectly

Board

NameRoleShares
Chairman
20 %
indirectly
Board Member
20 %
indirectly
Board Member
20 %
indirectly
Board Member
20 %
indirectly
Board Member
20 %
indirectly
Board Member-
Board Member-

Others

NameRoleShares
B
BDO AS
Auditor-
H
HASUND AS
Accountant-

Top 10 individual shareholders

NameRoleShares
Managing Director/CEO, Chairman
20 %
indirectly
Board Member
20 %
indirectly
Board Member
20 %
indirectly
Board Member
20 %
indirectly
Board Member
20 %
indirectly
Last update: Jan 8, 2025

Ownership

Company shareholders

NameShare classTotal number of sharesShare
M
MIMAR BORGSTEIN AS
Ordinary shares
10
20 %
H
HENNA INVEST AS
Ordinary shares
10
20 %
R
REITEN AS
Ordinary shares
10
20 %
E
EXCALIBUR AS
Ordinary shares
10
20 %
K
KNIVEN INVEST AS
Ordinary shares
10
20 %

Shares owned by the BORGSTEIN AS

NameShare classTotal number of sharesShare
B
BORGSTEIN INVEST AS
Ordinary shares
50
100 %
B
BORGSTEIN SKIPSINVEST AS
Ordinary shares
200,000
100 %
B
BORGSTEIN VERDI AS
Ordinary shares
132,622
100 %
I
ISLAND OFFSHORE SHIPPING AS
Ordinary shares
200
100 %
U
ULSTEINVIK MARINA AS
Ordinary shares
270
100 %
Ordinary shares
500
50 %
U
ULSTEINVIK UTVIKLING AS
Ordinary shares
9,140
32.1 %
S
SNEINGEN AS
Ordinary shares
12,757,417
31 %
U
ULMATEC EIENDOM AS
Ordinary shares
1,800
30 %
C
CENTRALEIENDOMMEN AS
Ordinary shares
938
25.02 %
I
ISLAND DRILLING COMPANY AS
Ordinary shares
18,067,254
20.68 %
I
ISLAND OFFSHORE V AS
Ordinary shares
16,947
7.23 %
B
BJORLIGARD UTBYGGING AS
Ordinary shares
3,300
5.89 %
S
SUNNMØRE GOLF AS
Ordinary shares
3
4.84 %
U
ULSTEIN HOTELL AS
Ordinary shares
44,247
0.96 %
N
NORSK FJORDSENTER AS
Ordinary shares
100
0.2 %
U
ULSTEIN GROUP ASA
NO0010003411
586,646
0.09 %
N
NORDIC HALIBUT AS
NO0003058109
810
< 0.01 %
Last update: Jun 2, 2025

Group structure

  • Total operating income 2024: NOK 61,461,224
    Operating profit 2024: NOK 31,371,556
    Employees: 13

Financials

in NOK

Summary

Year2024202320222021
Total operating income
61,461,224
49,668,283
68,152,244
77,389,514
Annual Total Result
61,760,362
346,089,429
12,044,891
32,457,158
Total assets
1,151,384,511
1,003,495,755
1,010,349,681
1,012,250,673
Total liabilities
362,993,918
276,865,525
629,808,880
638,754,762
Total equity
788,390,592
726,630,230
380,540,801
373,495,910

P&L

Year2024202320222021
Total operating income
61,461,224
49,668,283
68,152,244
77,389,514
Total operating costs
30,089,668
31,896,055
32,751,179
31,367,844
Operating result
31,371,556
17,772,229
35,401,065
46,021,670
Financial income/costs
42,588,530
328,585,433
-18,370,173
-3,690,937
Profit before tax
73,960,087
346,357,662
17,030,892
42,330,733
Total tax & extraordinary income/cost
12,199,725
268,233
4,986,001
9,873,575
Annual Total Result
61,760,362
346,089,429
12,044,891
32,457,158

Balance overview

Year2024202320222021
Total fixed assets
1,103,379,135
954,717,377
955,577,823
897,638,315
Total current assets
48,005,375
48,778,378
54,771,859
114,612,357
Total assets
1,151,384,511
1,003,495,755
1,010,349,681
1,012,250,673
Short term debt
45,192,608
24,905,297
69,242,058
144,714,988
Long term debt
317,801,311
251,960,228
560,566,822
494,039,774
Total liabilities
362,993,918
276,865,525
629,808,880
638,754,762
Contributed capital
314,275,141
314,275,141
314,275,141
314,275,141
Retained earnings
474,115,451
412,355,089
66,265,660
59,220,769
Total equity
788,390,592
726,630,230
380,540,801
373,495,910
Total equity and liabilities
1,151,384,511
1,003,495,755
1,010,349,681
1,012,250,673

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
Standard industrial classification
L
Main industrial area
Real estate activities
68
Activity
Real estate activities
68.3
Main industrial group
Real estate activities on a fee or contract basis
68.32
Industrial group
Management of real estate on a fee or contract basis
68.320
Industrial group
Management of real estate on a fee or contract basis