ST. OLAVS GATE 7 AS • 930222011 • Stavanger • Real estate activities

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Goods and trade

ST. OLAVS GATE 7 AS

Keywords

apartmentsrentalagricultural landagricultural properties

Organization

Chairman of the board: MS
Marius Sandvik1971
Years since formation: 2 years; since Nov 14, 2022
Type: Limited company
VAT registered: Yes
Number of employees: 0

Ownership

Number of shares and share classes: 226,000; 1 share class
Total number of shareholders: 2; companies
Belongs to group of

Financials

Total operating income 2023: 1,351,602; NOK
Annual total result 2023: -1,048,249; NOK
Total equity 2023: 20,523,049; NOK

Last update: Aug 29, 2024

Management

Board

Name	Role	Shares
AS Are Schrøder-Nielsen 1971	Contact Person	-
MS Marius Sandvik 1971	Chairman	12.64 % indirectly
FT Fredrik Tunge 1973	Board Member	24.5 % indirectly

Others

Name	Role	Shares
E ERNST & YOUNG AS	Auditor	-
A AIDER AS	Accountant	-

Top 10 individual shareholders

Name	Role	Shares
FT Fredrik Tunge 1973	Board Member	24.5 % indirectly
JT Jannicke Sagevik Tunge 1978	-	24.5 % indirectly
MS Mikkel Sandvik 1971	-	12.75 % indirectly
NB Nina Benedicte Sandvik Bashforth 1965	-	12.64 % indirectly
MS Marius Sandvik 1971	Chairman	12.64 % indirectly
KE Kitt Elisabeth Sandvik 1964	-	12.64 % indirectly

Last update: Oct 3, 2024

Ownership

Company shareholders

Name	Share class	Number of shares	Share
E EIENDOMSSELSKAPET SANDVIK AS	Ordinary shares	115,260	51 %
T TUNGE HOLDING AS	Ordinary shares	110,740	49 %

Last update: May 24, 2024

Group structure

BAY CAPITAL AS
Total operating income 2023: NOK 6,761,855
Operating profit 2023: NOK -1,106,561
Employees: 0

Financials

in NOK

Summary

Year	2023	2022
Total operating income	1,351,602	393,130
Annual Total Result	-1,048,249	-302,249
Total assets	28,671,161	23,853,638
Total liabilities	8,148,113	2,282,340
Total equity	20,523,049	21,571,298

P&L

Year	2023	2022
Total operating income	1,351,602	393,130
Total operating costs	2,613,926	782,199
Operating result	-1,262,324	-389,069
Financial income/costs	-47,341	0
Profit before tax	-1,309,665	-389,069
Total tax & extraordinary income/cost	-261,416	-86,820
Annual Total Result	-1,048,249	-302,249

Balance overview

Year	2023	2022
Total fixed assets	26,484,850	23,654,486
Total current assets	2,186,311	199,152
Total assets	28,671,161	23,853,638
Short term debt	2,568,653	18,037
Long term debt	5,579,460	2,264,303
Total liabilities	8,148,113	2,282,340
Contributed capital	21,662,706	21,662,706
Retained earnings	-1,139,657	-91,408
Total equity	20,523,049	21,571,298
Total equity and liabilities	28,671,161	23,853,638

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