PAPPEN UTVIKLING AS
Organization
- CEO
- AC
- Chairman of the board
- AC
- Years since formation
- 4 years
- since Jan 13, 2021
- Type
- Limited company
- VAT registered
- No
- Number of employees
- 0
Ownership
- Number of shares and share classes
- 1,000
- 1 share class
- Total number of shareholders
- 2
- companies
- Belongs to group of
Financials
- Total operating income 2024
- 1,876,496
- NOK
- Annual total result 2024
- -2,098,774
- NOK
- Total equity 2024
- -3,275,322
- NOK
Last update: Sep 9, 2025
Management
Management / administration
| Name | Role | Shares |
|---|---|---|
AC | Managing Director/CEO | 55 % indirectly |
Board
| Name | Role | Shares |
|---|---|---|
AC | Chairman | 55 % indirectly |
JA | Board Member | - |
| Board Member | - | |
| Board Member | - |
Others
| Name | Role | Shares |
|---|---|---|
| Auditor | - | |
| Accountant | - |
Top 10 individual shareholders
| Name | Role | Shares |
|---|---|---|
AC | Managing Director/CEO, Chairman | 55 % indirectly |
Last update: Dec 6, 2024
Ownership
Company shareholders
| Name | Share class | Total number of shares | Share |
|---|---|---|---|
| Ordinary shares | 550 | 55 % | |
| Ordinary shares | 450 | 45 % |
Last update: Jun 2, 2025
Group structure
- Total operating income 2024: NOK 2,164,862Operating profit 2024: NOK 2,037,471Employees: 0
Financials
in NOK
Summary
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total operating income | 1,876,496 | 1,510,781 | 698,292 | 200,300 |
Annual Total Result | -2,098,774 | -1,776,859 | -1,128,433 | -3,206,084 |
Total assets | 63,010,441 | 50,622,440 | 51,828,149 | 15,777,178 |
Total liabilities | 66,285,763 | 51,798,988 | 51,227,838 | 14,048,434 |
Total equity | -3,275,322 | -1,176,548 | 600,311 | 1,728,744 |
P&L
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total operating income | 1,876,496 | 1,510,781 | 698,292 | 200,300 |
Total operating costs | 1,933,420 | 1,561,993 | 1,441,249 | 3,406,384 |
Operating result | -56,923 | -51,212 | -742,957 | -3,206,084 |
Financial income/costs | -2,041,850 | -1,725,647 | -385,475 | 0 |
Profit before tax | -2,098,774 | -1,776,859 | -1,128,433 | -3,206,084 |
Total tax & extraordinary income/cost | 0 | 0 | 0 | 0 |
Annual Total Result | -2,098,774 | -1,776,859 | -1,128,433 | -3,206,084 |
Balance overview
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total fixed assets | 35,171,723 | 26,968,291 | 26,968,291 | 7,465,380 |
Total current assets | 27,838,718 | 23,654,149 | 24,859,858 | 8,311,798 |
Total assets | 63,010,441 | 50,622,440 | 51,828,149 | 15,777,178 |
Short term debt | 1,249,762 | 1,721,487 | 1,150,337 | 4,219,592 |
Long term debt | 65,036,001 | 50,077,501 | 50,077,501 | 9,828,842 |
Total liabilities | 66,285,763 | 51,798,988 | 51,227,838 | 14,048,434 |
Contributed capital | 1,000,000 | 1,000,000 | 1,000,000 | 1,728,744 |
Retained earnings | -4,275,322 | -2,176,548 | -399,689 | 0 |
Total equity | -3,275,322 | -1,176,548 | 600,311 | 1,728,744 |
Total equity and liabilities | 63,010,441 | 50,622,440 | 51,828,149 | 15,777,178 |
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