NEWSEC PROPERTY ASSET MANAGEMENT AS
Newsec - a service company in real estate and beyond
Newsec, a service company in real estate and beyond, offers investors, property owners and tenants a full range of services within the five business areas Property Asset Management, Advisory, Investment Management, Energy Transition and Digital Accelerator. The company was founded in 1994 and today employs some 2 600 people spread across the seven Nordic and Baltic markets.
Read more on www.newsec.com
Organization
- CEO
- TA
Trond Arne Espås1972
- Chairman of the board
- Years since formation
- 30 years
- since Feb 20, 1995
- Type
- Limited company
- VAT registered
- Yes
- Number of employees
- 156
Ownership
- Number of shares and share classes
- 410,000
- 1 share class
- Total number of shareholders
- 1
- person
- Belongs to group of
Financials
- Total operating income 2024
- 290,407,620
- NOK
- Annual total result 2024
- 10,379,989
- NOK
- Total equity 2024
- 48,905,924
- NOK
Last update: Aug 11, 2025
Management
Management / administration
| Name | Role | Shares |
|---|---|---|
TA 1972 | Managing Director/CEO | - |
HA 1963 | Managing Director/CEO | - |
Board
| Name | Role | Shares |
|---|---|---|
HA 1963 | Board Member | - |
SH | Board Member | - |
| Chairman | - |
Others
| Name | Role | Shares |
|---|---|---|
| Auditor | - |
Last update: Feb 18, 2025
Ownership
Company shareholders
| Name | Share class | Total number of shares | Share |
|---|---|---|---|
| Ordinary shares | 410,000 | 100 % |
Shares owned by the NEWSEC PROPERTY ASSET MANAGEMENT AS
| Name | Share class | Total number of shares | Share |
|---|---|---|---|
| Ordinary shares | 450 | 100 % | |
| Ordinary shares | 100 | 100 % | |
| Ordinary shares | 100 | 100 % | |
| Ordinary shares | 100 | 100 % | |
| Ordinary shares | 2 | 100 % | |
| Ordinary shares | 100 | 100 % | |
| Ordinary shares | 100 | 100 % | |
| Ordinary shares | 150 | 100 % | |
| Ordinary shares | 100 | 100 % | |
| Ordinary shares | 100 | 100 % | |
| Ordinary shares | 838,342 | 100 % | |
| Ordinary shares | 100 | 100 % | |
| Ordinary shares | 150 | 60 % | |
| Ordinary shares | 510 | 51.1 % | |
| Ordinary shares | 500 | 50 % |
Last update: Jun 2, 2025
Group structure
- Total operating income 2024: NOK 290,407,620Operating profit 2024: NOK 2,640,024Employees: 156
Financials
in NOK
Summary
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total operating income | 290,407,620 | 254,859,336 | 249,009,008 | 239,963,337 |
Annual Total Result | 10,379,989 | 3,329,758 | 5,302,349 | 12,304,771 |
Total assets | 207,025,935 | 162,230,318 | 161,067,289 | 110,012,614 |
Total liabilities | 158,120,012 | 123,704,383 | 126,250,939 | 79,778,901 |
Total equity | 48,905,924 | 38,525,934 | 34,816,350 | 30,233,713 |
P&L
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total operating income | 290,407,620 | 254,859,336 | 249,009,008 | 239,963,337 |
Total operating costs | 287,767,596 | 256,924,900 | 254,029,151 | 236,105,226 |
Operating result | 2,640,024 | -2,065,564 | -5,020,143 | 3,858,112 |
Financial income/costs | 10,719,659 | 5,981,370 | 12,156,700 | 11,919,008 |
Profit before tax | 13,359,683 | 3,915,806 | 7,136,557 | 15,777,119 |
Total tax & extraordinary income/cost | 2,979,694 | 586,048 | 1,834,208 | 3,472,348 |
Annual Total Result | 10,379,989 | 3,329,758 | 5,302,349 | 12,304,771 |
Balance overview
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total fixed assets | 124,319,968 | 119,796,493 | 91,184,890 | 67,998,757 |
Total current assets | 82,705,967 | 42,433,825 | 69,882,399 | 42,013,857 |
Total assets | 207,025,935 | 162,230,318 | 161,067,289 | 110,012,614 |
Short term debt | 123,507,775 | 73,978,925 | 68,469,542 | 61,552,430 |
Long term debt | 34,612,237 | 49,725,458 | 57,781,397 | 18,226,472 |
Total liabilities | 158,120,012 | 123,704,383 | 126,250,939 | 79,778,901 |
Contributed capital | 13,000,000 | 13,000,000 | 13,000,000 | 13,000,000 |
Retained earnings | 35,905,924 | 25,525,935 | 21,816,350 | 17,233,713 |
Total equity | 48,905,924 | 38,525,934 | 34,816,350 | 30,233,713 |
Total equity and liabilities | 207,025,935 | 162,230,318 | 161,067,289 | 110,012,614 |
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
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