AD NAVIGATION AS
Portable GNSS Navigation for Ship Piloting - AD Navigation | AD Navigation
AD Navigation designs, develops, markets and support products mainly for portable navigation applications such as ship piloting (PPU technology) . For more than a decade, we have supplied innovative products within high end GNSS navigation and positioning. We are GNSS experts by heart.
Organization
- CEO
- LH
- Chairman of the board
- LH
- Years since formation
- 22 years
- since Jan 11, 2003
- Type
- Limited company
- VAT registered
- Yes
- Number of employees
- 12
Ownership
- Number of shares and share classes
- 2,100
- 1 share class
- Total number of shareholders
- 2
- companies
- Belongs to group of
Financials
- Total operating income 2024
- 41,054,345
- NOK
- Annual total result 2024
- 5,302,651
- NOK
- Total equity 2024
- 20,180,269
- NOK
Last update: Sep 9, 2025
Management
Management / administration
| Name | Role | Shares |
|---|---|---|
LH | Managing Director/CEO | 45.05 % indirectly |
Board
| Name | Role | Shares |
|---|---|---|
LH | Chairman | 45.05 % indirectly |
TB | Deputy Chair | 45.05 % indirectly |
Others
| Name | Role | Shares |
|---|---|---|
| Auditor | - | |
| Accountant | - |
Top 10 individual shareholders
| Name | Role | Shares |
|---|---|---|
TB | Deputy Chair | 45.05 % indirectly |
LH | Managing Director/CEO, Chairman | 45.05 % indirectly |
SC | - | 9.9 % indirectly |
Last update: Apr 13, 2023
Ownership
Company shareholders
| Name | Share class | Total number of shares | Share |
|---|---|---|---|
| Ordinary shares | 1,892 | 90.1 % | |
| Ordinary shares | 208 | 9.9 % |
Last update: Jun 2, 2025
Group structure
- Total operating income 2024: NOK 0Operating profit 2024: NOK -47,034Employees: 0
Financials
in NOK
Summary
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total operating income | 41,054,345 | 39,399,600 | 28,142,376 | 26,017,571 |
Annual Total Result | 5,302,651 | 8,135,407 | 2,890,841 | 4,390,004 |
Total assets | 25,649,192 | 22,988,476 | 17,416,391 | 15,080,853 |
Total liabilities | 5,468,923 | 6,110,858 | 6,674,180 | 6,329,483 |
Total equity | 20,180,269 | 16,877,618 | 10,742,211 | 8,751,370 |
P&L
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total operating income | 41,054,345 | 39,399,600 | 28,142,376 | 26,017,571 |
Total operating costs | 34,945,095 | 29,148,585 | 24,741,324 | 19,666,610 |
Operating result | 6,109,250 | 10,251,015 | 3,401,051 | 6,350,961 |
Financial income/costs | 472,946 | -59,743 | 287,330 | -678,392 |
Profit before tax | 6,582,195 | 10,191,273 | 3,688,381 | 5,672,569 |
Total tax & extraordinary income/cost | 1,279,544 | 2,055,866 | 797,540 | 1,282,565 |
Annual Total Result | 5,302,651 | 8,135,407 | 2,890,841 | 4,390,004 |
Balance overview
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total fixed assets | 1,195,190 | 25,733 | 32,303 | 14,616 |
Total current assets | 24,454,002 | 22,962,743 | 17,384,088 | 15,066,237 |
Total assets | 25,649,192 | 22,988,476 | 17,416,391 | 15,080,853 |
Short term debt | 5,468,923 | 6,110,858 | 6,174,180 | 5,229,483 |
Long term debt | 0 | 0 | 500,000 | 1,100,000 |
Total liabilities | 5,468,923 | 6,110,858 | 6,674,180 | 6,329,483 |
Contributed capital | 1,642,806 | 1,642,806 | 1,642,806 | 1,642,806 |
Retained earnings | 18,537,463 | 15,234,812 | 9,099,405 | 7,108,564 |
Total equity | 20,180,269 | 16,877,618 | 10,742,211 | 8,751,370 |
Total equity and liabilities | 25,649,191 | 22,988,476 | 17,416,391 | 15,080,853 |
Classification
Type of organization
Limited company
Classification of institutional sector
INNL
Domestic sectors
A_IKKE-FIN
Non-financial corporations
2100
Private non-financial incorporated enterprises