FORWARD PROJECT AS • 927835134 • Kverva • Computer programming; consultancy and related activities

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/ 62.010 Computer programming activities

FORWARD PROJECT AS

Keywords

program developmentsoftware

Organization

Chairman of the board: GM
Gustav Magnar Witzøe1993
Years since formation: 4 years; since Sep 29, 2021
Type: Limited company
VAT registered: No
Number of employees: 0

Ownership

Number of shares and share classes: 10,000; 1 share class
Total number of shareholders: 1; company
Belongs to group of

Financials

Annual total result 2024: -102,897,387; NOK
Total equity 2024: 113,417,637; NOK

Last update: Jul 30, 2025

Management

Board

Name	Role	Shares
GM Gustav Magnar Witzøe 1993	Chairman	97 % indirectly
AO Anniken Olsen 1980	Board Member	-
MF Martin Fevaag Larsen 1987	Board Member	-

Others

Name	Role	Shares
P PRICEWATERHOUSECOOPERS AS	Auditor	-

Top 10 individual shareholders

Name	Role	Shares
GM Gustav Magnar Witzøe 1993	Chairman	97 % indirectly
TJ Thomas Johan Jessen 1976	-	1.04 % indirectly
GW Gustav Witzøe 1953	-	1 % indirectly

Last update: Apr 13, 2023

Ownership

Company shareholders

Name	Share class	Total number of shares	Share
K KVARV AS	Ordinary shares	10,000	100 %

Shares owned by the FORWARD PROJECT AS

Name	Share class	Total number of shares	Share
F FUTURE INITIATIVE AS	Ordinary shares	1,000	100 %
D DIGITAL COLLECTIVE AS	Ordinary shares	1,000	100 %
K KVARVHEIM AS	Ordinary shares	9,010	90.1 %
M MGM EIENDOM AS	Ordinary shares	15,000	50 %
V VER2.0 AS	Ordinary shares	1,500	50 %
D DØGN AS	Ordinary shares	1,550	34.07 %
S SIGNATURE GROUP AS	Ordinary shares	250	25 %
F FUTURUM VENTURES FUND I AS	A-shares	50,000,000	10 %

Last update: Jun 2, 2025

Group structure

KVARV AS
Total operating income 2023: NOK 638,000
Operating profit 2023: NOK -26,766,000
Employees: 6

Financials

in NOK

Summary

Year	2024	2023	2022	2021
Total operating income	0	232,081	0	0
Annual Total Result	-102,897,387	-116,684,947	-18,589,257	-112,194,880
Total assets	384,896,762	205,411,757	114,061,989	8,450,851
Total liabilities	271,479,125	179,096,734	14,851,830	651,301
Total equity	113,417,637	26,315,023	99,210,159	7,799,550

P&L

Year	2024	2023	2022	2021
Total operating income	0	232,081	0	0
Total operating costs	113,986,487	109,236,286	14,286,675	112,756,175
Operating result	-113,986,487	-109,004,205	-14,286,675	-112,756,175
Financial income/costs	11,089,101	-7,972,106	-3,779,277	37,856
Profit before tax	-102,897,387	-116,976,311	-18,065,952	-112,718,319
Total tax & extraordinary income/cost	0	-291,364	523,305	-523,439
Annual Total Result	-102,897,387	-116,684,947	-18,589,257	-112,194,880

Balance overview

Year	2024	2023	2022	2021
Total fixed assets	140,120,647	92,745,810	1,301,858	5,553,439
Total current assets	244,776,115	112,665,947	112,760,131	2,897,412
Total assets	384,896,762	205,411,757	114,061,989	8,450,851
Short term debt	271,479,125	179,096,734	14,851,830	651,301
Long term debt	0	0	0	0
Total liabilities	271,479,125	179,096,734	14,851,830	651,301
Contributed capital	113,417,637	26,315,023	99,210,159	119,994,430
Retained earnings	0	0	0	-112,194,880
Total equity	113,417,637	26,315,023	99,210,159	7,799,550
Total equity and liabilities	384,896,762	205,411,757	114,061,989	8,450,851

Classification

Category

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

J

Main industrial area

Information and communication

62

Activity

Computer programming; consultancy and related activities

62.0

Main industrial group

Computer programming, consultancy and related activities

62.01

Industrial group

Computer programming activities

62.010

Industrial group

Computer programming activities