AD NAVIGATION AS
Operating
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.
Import/eksport, salg av handelvarer, rådgivning og deltagelse i andre
virksomheter.
Forsking og utvikling av GPS basert posisjonerings utstyr for marine
markeder. Handel med GPS utstyr. Konsulentvirksomhet innen GPS
navigasjon generelt.
Organization
- CEO
- LH
- Chairman of the board
- MS
- Years since formation
- 23 years
- since Jan 11, 2003
- Type
- Limited company
- VAT registered
- Yes
- Number of employees
- 10
Ownership
- Number of shares and share classes
- 2,100
- 1 share class
- Total number of shareholders
- 1
- company
- Belongs to group of
Financials
- Total operating income 2025
- 31,557,129
- NOK
- Annual total result 2025
- -2,686,488
- NOK
Last update: Oct 5, 2026
Management
Management / administration
| Name | Role | Shares |
|---|---|---|
LH | Managing Director/CEO | - |
Board
| Name | Role | Shares |
|---|---|---|
MS | Chairman | 19.19 % indirectly |
LH | Board Member | - |
AB 1963 | Board Member | - |
Others
| Name | Role | Shares |
|---|---|---|
| Auditor | - | |
| Accountant | - |
Top 10 individual shareholders
| Name | Role | Shares |
|---|---|---|
MS | Chairman | 19.19 % indirectly |
| - | 15 % indirectly | |
AO | - | 15 % indirectly |
JE 1967 | - | 10.3 % indirectly |
GV | - | 1.19 % indirectly |
Last update: Oct 5, 2026
Ownership
Company shareholders
| Name | Share class | Total number of shares | Share |
|---|---|---|---|
| Ordinary shares | 2,100 | 100 % |
Last update: Sep 25, 2026
Group structure
- Total operating income 2025: NOK 837,502,000Operating profit 2025: NOK 96,416,000Employees: 228
Financials
in NOK
Summary
| Year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
Total operating income | 31,557,129 | 41,054,345 | 39,399,600 | 28,142,376 | 26,017,571 |
Annual Total Result | -2,686,488 | 5,302,651 | 8,135,407 | 2,890,841 | 4,390,004 |
Total assets | 0 | 25,649,192 | 22,988,476 | 17,416,391 | 15,080,853 |
Total liabilities | 0 | 5,468,923 | 6,110,858 | 6,674,180 | 6,329,483 |
Total equity | 0 | 20,180,269 | 16,877,618 | 10,742,211 | 8,751,370 |
P&L
| Year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
Total operating income | 31,557,129 | 41,054,345 | 39,399,600 | 28,142,376 | 26,017,571 |
Total operating costs | 34,881,177 | 34,945,095 | 29,148,585 | 24,741,324 | 19,666,610 |
Operating result | -3,324,048 | 6,109,250 | 10,251,015 | 3,401,051 | 6,350,961 |
Financial income/costs | -301,571 | 472,946 | -59,743 | 287,330 | -678,392 |
Profit before tax | -3,625,619 | 6,582,195 | 10,191,273 | 3,688,381 | 5,672,569 |
Total tax & extraordinary income/cost | -939,131 | 1,279,544 | 2,055,866 | 797,540 | 1,282,565 |
Annual Total Result | -2,686,488 | 5,302,651 | 8,135,407 | 2,890,841 | 4,390,004 |
Balance overview
| Year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
Total fixed assets | 0 | 1,195,190 | 25,733 | 32,303 | 14,616 |
Total current assets | 0 | 24,454,002 | 22,962,743 | 17,384,088 | 15,066,237 |
Total assets | 0 | 25,649,192 | 22,988,476 | 17,416,391 | 15,080,853 |
Short term debt | 0 | 5,468,923 | 6,110,858 | 6,174,180 | 5,229,483 |
Long term debt | 0 | 0 | 0 | 500,000 | 1,100,000 |
Total liabilities | 0 | 5,468,923 | 6,110,858 | 6,674,180 | 6,329,483 |
Contributed capital | 0 | 1,642,806 | 1,642,806 | 1,642,806 | 1,642,806 |
Retained earnings | 0 | 18,537,463 | 15,234,812 | 9,099,405 | 7,108,564 |
Total equity | 0 | 20,180,269 | 16,877,618 | 10,742,211 | 8,751,370 |
Total equity and liabilities | 0 | 25,649,191 | 22,988,476 | 17,416,391 | 15,080,853 |
Classification
21st company classification
BETA
Small company
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