MUSTANG CAPITAL AS • 926090399 • Oslo • Real estate activities

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Goods and trade

/ 68.209 Other letting of real estate

MUSTANG CAPITAL AS

Keywords

apartmentsrentalagricultural landagricultural properties

Organization

CEO: GM
Geir Moe1967
Chairman of the board: KS
Ketil Sandhaug1966
Years since formation: 5 years; since Dec 2, 2020
Type: Limited company
VAT registered: No
Number of employees: 0

Ownership

Number of shares and share classes: 3,500; 2 share classes
Total number of shareholders: 4; companies
Belongs to group of

Financials

Annual total result 2024: 67,011,399; NOK
Total equity 2024: 350,011,399; NOK

Last update: Jun 10, 2025

Management

Management / administration

Name	Role	Shares
GM Geir Moe 1967	Managing Director/CEO	1.57 % indirectly

Board

Name	Role	Shares
KS Ketil Sandhaug 1966	Chairman	-
JS Jon Sandhaug 1971	Board Member	-

Others

Name	Role	Shares
R RSM NORGE AS	Auditor	-
S SOLHØI REVISJON AS	Accountant	-
A AXERA BUSINESS MANAGEMENT AS	Accountant	-

Top 10 individual shareholders

Name	Role	Shares
KS Ketil Sandhaug 1966	-	84.14 % indirectly
GM Geir Moe 1967	Managing Director/CEO	1.57 % indirectly

Last update: Apr 13, 2023

Ownership

Company shareholders

Name	Share class	Total number of shares	Share
M MUSTANG HOLDING AS	Preference shares	2,945	84.14 %
M MUSTANG HOLDING AS	Ordinary shares	495	14.14 %
G GGG INVEST AS	Ordinary shares	55	1.57 %
G GGG INVEST AS	Preference shares	5	0.14 %

Shares owned by the MUSTANG CAPITAL AS

Name	Share class	Total number of shares	Share
H HUDDLY AS	NO0010776990	120,265,294	6.55 %
L LEDIDI AS	Ordinary shares	87,950	5.17 %
E ELEKTROIMPORTØREN AS	NO0010911902	1,752,000	3.45 %
V VIKING VENTURE 29 AS	NO0012903493	5,000	3.31 %
V VIKING VENTURE 25 FOLLOW-UP AS	A-shares	1,145	3.14 %
V VIKING VENTURE 27 AS	NO0012756628	5,000	3.13 %
W WATERCIRCLES FORSIKRING ASA	NO0010771009	17,719,007	2.43 %
V VIKING VENTURE 25 AS	NO0011109613	2,979	1.76 %
V VIKING VENTURE 25B AS	NO0011145146	932	1.76 %
V VIKING VENTURE 30 AS	A-shares	1,011	1.25 %
L LEGEVISITT AS	Ordinary shares	54,347	0.96 %
L LV-HOLDING AS	Ordinary shares	54,347	0.96 %
V VIKING VENTURE 26 AS	NO0012445461	1,097	0.63 %
E EUROPRIS ASA	NO0010735343	325,000	0.19 %
A ATDL AS	Ordinary shares	1,125	0.18 %
E ENTRA ASA	NO0010716418	10,754	< 0.01 %

Last update: Jun 2, 2025

Group structure

MUSTANG HOLDING AS
Total operating income 2024: NOK 0
Operating profit 2024: NOK -1,264,574
Employees: 0

Financials

in NOK

Summary

Year	2024	2023	2022	2021
Total operating income	0	0	0	0
Annual Total Result	67,011,399	31,320,082	47,767,828	-547,316
Total assets	421,590,447	392,569,658	438,425,405	351,153,180
Total liabilities	71,579,048	42,569,658	88,425,406	1,676,066
Total equity	350,011,399	350,000,000	350,000,000	349,477,114

P&L

Year	2024	2023	2022	2021
Total operating income	0	0	0	0
Total operating costs	4,879,348	4,652,918	4,707,732	1,331,813
Operating result	-4,879,348	-4,652,918	-4,707,732	-1,331,813
Financial income/costs	74,043,052	39,082,862	55,899,214	1,298,187
Profit before tax	69,163,704	34,429,944	51,191,481	-33,627
Total tax & extraordinary income/cost	2,152,305	3,109,862	3,423,653	513,689
Annual Total Result	67,011,399	31,320,082	47,767,828	-547,316

Balance overview

Year	2024	2023	2022	2021
Total fixed assets	125,237,817	101,950,114	146,144,040	21,600
Total current assets	296,352,630	290,619,544	292,281,365	351,131,580
Total assets	421,590,447	392,569,658	438,425,405	351,153,180
Short term debt	71,182,576	42,506,829	87,075,983	1,640,837
Long term debt	396,472	62,829	1,349,423	35,229
Total liabilities	71,579,048	42,569,658	88,425,406	1,676,066
Contributed capital	350,000,000	350,000,000	350,000,000	350,000,000
Retained earnings	11,399	0	0	-522,886
Total equity	350,011,399	350,000,000	350,000,000	349,477,114
Total equity and liabilities	421,590,447	392,569,658	438,425,405	351,153,180

Classification

Category

Goods and trade

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

68.2

Main industrial group

Renting and operating of own or leased real estate

68.20

Industrial group

Renting and operating of own real estate

68.209

Industrial group

Other letting of real estate