BALANCIAL AS

Operating

Investere i andre selskaper.

Organization

CEO: LE
Lars Erik Råen1989
Chairman of the board: ØS
Ørnulf Samdal1967
Years since formation: 6 years; since Jun 5, 2020
Type: Limited company
VAT registered: No
Number of employees: 0

Ownership

Number of shares and share classes: 51,753,970; 1 share class
Total number of shareholders: 250; 73 companies, 177 persons

Financials

Total operating income 2025: 3,062; NOK
Annual total result 2025: -23,177,041; NOK
Total equity 2025: 12,278,965; NOK

Last update: Jul 10, 2026

Management

Management / administration

Name	Role	Shares
LE Lars Erik Råen 1989	Managing Director/CEO	-

Board

Name	Role	Shares
ØS Ørnulf Samdal 1967	Chairman	-
TT Trine Teigland 1990	Board Member	-
DP Daniel Petter Lunde 1979	Board Member	-
BA Bjarte Askeland 1959	Board Member	-

Others

Name	Role	Shares
C COLLEGIUM ØKONOMI AS	Accountant	-

Top 10 individual shareholders

Name	Role	Shares
IT Ingvar Thom Eigel 1962	-	4.77 % directly
ER Erik Råen Lars 1989	-	4.76 % indirectly
PL Petter Lunde Daniel 1979	-	4.76 % indirectly
RM Ramsdal Martin 1966	-	4.51 % indirectly
TN Trygve Nilsen Leif 1957	-	4.49 % indirectly
GS Grende Stein 1952	-	2.66 % directly
TN Toralf Nilsen Inge 1961	-	2.49 % directly
LA Lillenes Arild 1974	-	2.43 % indirectly
TN Tveit Neset Anita 1966	-	2.42 % directly
TM Tveite Magnar 1964	-	1.88 % directly

Last update: Nov 29, 2023

Ownership

Company shareholders

Name	Share class	Total number of shares	Share
W WPOINT INVEST AS	Ordinary shares	4,930,996	9.53 %
L LT FINANS AS	Ordinary shares	3,193,133	6.17 %
IT Ingvar Thom Eigel 1962	Ordinary shares	2,467,500	4.77 %
R RAM.M AS	Ordinary shares	2,335,125	4.51 %
GS Grende Stein 1952	Ordinary shares	1,377,500	2.66 %
TN Toralf Nilsen Inge 1961	Ordinary shares	1,287,500	2.49 %
TN Tveit Neset Anita 1966	Ordinary shares	1,250,000	2.42 %
K KLEIVO HOLDING AS	Ordinary shares	1,230,169	2.38 %
K K&S INVEST AS	Ordinary shares	1,070,866	2.07 %
TM Tveite Magnar 1964	Ordinary shares	971,615	1.88 %
H HELLE HOLDING AS	Ordinary shares	909,200	1.76 %
JS Jersin Skaflestad Fritjof 1944	Ordinary shares	875,000	1.69 %
G GFV HOLDING AS	Ordinary shares	871,400	1.68 %
E ENERGI INVEST AS	Ordinary shares	823,750	1.59 %
HA Henry Almås John 1985	Ordinary shares	700,000	1.35 %
M METO CAPITAL AS	Ordinary shares	680,333	1.31 %
AN Arthur Neset Kjell 1961	Ordinary shares	636,000	1.23 %
UO Ulversøy Ole 1992	Ordinary shares	627,485	1.21 %
F FICA AS	Ordinary shares	610,440	1.18 %
T TEIGLAND EIENDOM AS	Ordinary shares	597,000	1.15 %
S SKAGEFLAA AS	Ordinary shares	526,125	1.02 %
A AVENA CONSULTING AS	Ordinary shares	517,700	1 %
T TS KAPITAL AS	Ordinary shares	514,000	0.99 %
B BAATHOLMEN AS	Ordinary shares	472,500	0.91 %
S SANDE HOLDING AS	Ordinary shares	465,000	0.9 %
W WEST COAST HOLDING AS	Ordinary shares	434,332	0.84 %
T TERJE PEDER TORLAND HOLDING AS	Ordinary shares	432,258	0.84 %
SK Sigurd Kalstad Jon 1949	Ordinary shares	425,000	0.82 %
LH Lysø Hilde 1968	Ordinary shares	418,275	0.81 %
TK Thomas Kjeldahl Høstmælingen Pål 1980	Ordinary shares	416,667	0.81 %
V VANGEN BIL AS	Ordinary shares	414,600	0.8 %
P PROTEAM EUROPA AS	Ordinary shares	410,000	0.79 %
T T HAVN AS	Ordinary shares	375,000	0.72 %
F FORTIUS AS	Ordinary shares	373,469	0.72 %
KG Knudsen Gjert 1967	Ordinary shares	350,000	0.68 %
AR Arne Ryssevik Jostein 1956	Ordinary shares	336,417	0.65 %
EL Egil Lie Bjørn 1966	Ordinary shares	330,000	0.64 %
KP Kleve Per 1957	Ordinary shares	318,675	0.62 %
OL Ove Lohne Per 1965	Ordinary shares	313,250	0.61 %
MG Magnar Grøtte Jan 1953	Ordinary shares	312,625	0.6 %
PK Przemek Kierski Adam 1979	Ordinary shares	310,192	0.6 %
B BRYNJE AS	Ordinary shares	295,000	0.57 %
JG Johnny Gudvangen Helge 1958	Ordinary shares	278,750	0.54 %
3 3H HOLDING AS	Ordinary shares	272,592	0.53 %
F FRYDENLUND HOLDING AS	Ordinary shares	268,948	0.52 %
LT Ljones Torgrim 1938	Ordinary shares	267,725	0.52 %
T TEC RESOURCE AS	Ordinary shares	258,334	0.5 %
DH Dag Helgesen Odd 1949	Ordinary shares	248,108	0.48 %
JG Johan Grytten Leidulv 1948	Ordinary shares	244,700	0.47 %
AB Arne Bøe Kjell 1946	Ordinary shares	240,880	0.47 %
BH Boye Hansen Arne 1965	Ordinary shares	230,000	0.44 %
HK Helge Kvalheim Leif 1954	Ordinary shares	226,183	0.44 %
T TKG HOLDING AS	Ordinary shares	223,125	0.43 %
LØ Lilleland Øystein 1968	Ordinary shares	220,500	0.43 %
H H SKREE AS	Ordinary shares	218,300	0.42 %
C CFD INVEST AS	Ordinary shares	212,500	0.41 %
T TANNLEGE HERMANSEN HOLDING AS	Ordinary shares	210,000	0.41 %
L LANGESAND AS	Ordinary shares	210,000	0.41 %
BB Bjørnstad Bjørnar 1955	Ordinary shares	202,500	0.39 %
R REMME HOLDING AS	Ordinary shares	200,000	0.39 %
WM Wright Mike 1971	Ordinary shares	200,000	0.39 %
T TE EIENDOM AS	Ordinary shares	187,500	0.36 %
HK Haischer Klaus	Ordinary shares	172,414	0.33 %
MJ Morten Johansen Hans 1957	Ordinary shares	171,850	0.33 %
KT Kjærstad Trond 1957	Ordinary shares	170,000	0.33 %
SB Solbakken Bjarne 1982	Ordinary shares	169,000	0.33 %
KF Kåre Flø Hans 1954	Ordinary shares	167,500	0.32 %
AV Andre Verningsen Børge 1975	Ordinary shares	167,250	0.32 %
B BVK INVEST AS	Ordinary shares	166,250	0.32 %
NK Nilsen Kristian 1984	Ordinary shares	165,025	0.32 %
L LAMAN AS	Ordinary shares	165,000	0.32 %
E ENSRUD HOLDING AS	Ordinary shares	162,089	0.31 %
T TRER HOLDING AS	Ordinary shares	159,500	0.31 %
M MUL INVEST AS	Ordinary shares	147,260	0.28 %
PJ Petter Jøranli Hans 1973	Ordinary shares	144,000	0.28 %
P PANTHER HOLDING AS	Ordinary shares	139,500	0.27 %
TT Teigland Trine 1990	Ordinary shares	137,500	0.27 %
EG Egil Gundersen Arne 1957	Ordinary shares	127,500	0.25 %
P PÅL KRISTOFFERSEN HOLDING AS	Ordinary shares	125,775	0.24 %
H HESTIA WERRING AS	Ordinary shares	125,000	0.24 %
TH Tarjei Hiorth Lid Olav 1977	Ordinary shares	125,000	0.24 %
K KRISTEN NYGAARD EIENDOM HOLDING AS	Ordinary shares	125,000	0.24 %
BJ Bøyesen Jan 1963	Ordinary shares	125,000	0.24 %
GF Grende Fredrik 1990	Ordinary shares	122,500	0.24 %
NT Nesbjørg Torkel 1996	Ordinary shares	122,154	0.24 %
MP Magnar Padøy Jarle 1946	Ordinary shares	119,800	0.23 %
V VETERINÆR GUNNAR T SEKSE AS	Ordinary shares	116,250	0.22 %
JP Jørgensen Per 1959	Ordinary shares	112,500	0.22 %
S SKULSTAD AS	Ordinary shares	111,300	0.22 %
HS Hugo Skree John 1952	Ordinary shares	110,000	0.21 %
GB Grande Brauten Lars 1982	Ordinary shares	110,000	0.21 %
U UTS36 AS	Ordinary shares	110,000	0.21 %
LL Lockert Leganger Mats 1991	Ordinary shares	108,838	0.21 %
LH Lågeide Hammersland Kjetil 1990	Ordinary shares	108,351	0.21 %
NS Nilsen Stian 1990	Ordinary shares	107,970	0.21 %
JT Jarle Tordal Bjørn 1964	Ordinary shares	107,000	0.21 %
KH Kåre Hasle Bjørn 1959	Ordinary shares	105,000	0.2 %
AD Arvid Dagestad Tor 1950	Ordinary shares	103,125	0.2 %
WJ Wilhelm Jebsen Peter 1955	Ordinary shares	100,830	0.19 %
T TFO HOLDING AS	Ordinary shares	100,000	0.19 %

Shares owned by the BALANCIAL AS

Name	Share class	Total number of shares	Share
B BALANCIAL AS	Ordinary shares	3,280	< 0.01 %

Last update: Sep 25, 2026

Financials

in NOK

Summary

Year	2025	2024	2023	2022	2021
Total operating income	3,062	0	5,590	0	0
Annual Total Result	-23,177,041	-21,034,810	-3,752,164	-4,764,495	-2,849,562
Total assets	14,655,688	18,624,646	27,264,226	23,470,292	17,487,209
Total liabilities	2,376,723	1,864,853	380,584	640,465	615,943
Total equity	12,278,965	16,759,793	26,883,642	22,829,827	16,871,266

P&L

Year	2025	2024	2023	2022	2021
Total operating income	3,062	0	5,590	0	0
Total operating costs	4,733,527	12,436,484	3,686,274	4,465,069	2,877,590
Operating result	-4,730,465	-12,436,484	-3,680,684	-4,465,069	-2,877,590
Financial income/costs	-18,446,575	-8,598,326	-71,480	-299,425	28,028
Profit before tax	-23,177,041	-21,034,810	-3,752,164	-4,764,495	-2,849,562
Total tax & extraordinary income/cost	0	0	0	0	0
Annual Total Result	-23,177,041	-21,034,810	-3,752,164	-4,764,495	-2,849,562

Balance overview

Year	2025	2024	2023	2022	2021
Total fixed assets	13,974,844	16,352,438	25,228,654	17,726,224	11,866,249
Total current assets	680,844	2,272,208	2,035,573	5,744,069	5,620,960
Total assets	14,655,688	18,624,646	27,264,226	23,470,292	17,487,209
Short term debt	2,376,723	1,864,853	380,584	565,936	615,943
Long term debt	0	0	0	74,529	0
Total liabilities	2,376,723	1,864,853	380,584	640,465	615,943
Contributed capital	11,738,867	16,759,793	26,883,642	22,829,827	16,871,266
Retained earnings	540,098	0	0	0	0
Total equity	12,278,965	16,759,793	26,883,642	22,829,827	16,871,266
Total equity and liabilities	14,655,688	18,624,646	27,264,226	23,470,292	17,487,209

Classification

21st company classification

BETA

Scaleup

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

BALANCIAL AS925 161 187

BALANCIAL AS

Organization

Ownership

Financials

Management

Management / administration

Board

Others

Top 10 individual shareholders

Ownership

Company shareholders

Shares owned by the BALANCIAL AS

Financials

Summary

P&L

Balance overview

Classification