VESTFRAKT SHIPPING AS • 988100684 • Torangsvåg • Water transport

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/ 50.201 Freight ocean transport

VESTFRAKT SHIPPING AS

Keywords

freight transportshipsforeign shipping

Organization

CEO: JH
Jan Henning Balestrand1972
Chairman of the board: EM
Edvard Melingen1957
Years since formation: 20 years; since Apr 13, 2005
Type: Limited company
VAT registered: Yes
Number of employees: 0

Ownership

Number of shares and share classes: 3,000,000; 1 share class
Total number of shareholders: 3; companies
Belongs to group of

Financials

Total operating income 2023: 27,215,788; NOK
Annual total result 2023: -3,528,947; NOK
Total equity 2023: 48,585,985; NOK

Last update: Sep 3, 2024

Management

Management / administration

Name	Role	Shares
JH Jan Henning Balestrand 1972	Managing Director/CEO	49.91 % indirectly

Board

Name	Role	Shares
EM Edvard Melingen 1957	Chairman	13.75 % indirectly
JH Jan Henning Balestrand 1972	Board Member	49.91 % indirectly
NT Nils Tore Øpstad Melingen 1979	Board Member	25 % indirectly
HV Håvard Våge 1962 Resigned	Board Member	-

Others

Name	Role	Shares
R REVISJONS-PARTNER AS	Auditor	-

Top 10 individual shareholders

Name	Role	Shares
JH Jan Henning Balestrand 1972	Managing Director/CEO, Board Member	49.91 % indirectly
NT Nils Tore Øpstad Melingen 1979	Board Member	25 % indirectly
EM Edvard Melingen 1957	Chairman	13.75 % indirectly
HM Henrik Melingen 1986	-	3.75 % indirectly
AM Anita Melingen 1981	-	3.75 % indirectly
JM Joakim Melingen 1989	-	3.75 % indirectly

Last update: Apr 13, 2023

Ownership

Company shareholders

Name	Share class	Total number of shares	Share
B BALESTRAND MARINE AS	Ordinary shares	1,500,000	50 %
R RAID AS	Ordinary shares	750,000	25 %
E EL INVEST AS	Ordinary shares	750,000	25 %

Shares owned by the VESTFRAKT SHIPPING AS

Name	Share class	Total number of shares	Share
V VESTLAND SHIPPING AS	Ordinary shares	19,500	65 %
M MARRBULK REDERI AS	Ordinary shares	400	40 %
R REDERIET TINTO AS	Ordinary shares	27	27 %

Last update: Jun 2, 2025

Group structure

VESTFRAKT SHIPPING AS
Total operating income 2023: NOK 27,215,788
Operating profit 2023: NOK -9,948,799
Employees: 0

Financials

in NOK

Summary

Year	2023	2022	2021
Total operating income	27,215,788	41,935,493	36,066,459
Annual Total Result	-3,528,947	7,642,463	1,360,554
Total assets	100,612,445	78,157,645	79,795,732
Total liabilities	52,026,460	26,495,157	35,775,707
Total equity	48,585,985	51,662,487	44,020,025

P&L

Year	2023	2022	2021
Total operating income	27,215,788	41,935,493	36,066,459
Total operating costs	37,164,587	34,446,994	33,674,708
Operating result	-9,948,799	7,488,499	2,391,751
Financial income/costs	6,449,679	191,246	-984,593
Profit before tax	-3,499,120	7,679,746	1,407,158
Total tax & extraordinary income/cost	29,827	37,283	46,604
Annual Total Result	-3,528,947	7,642,463	1,360,554

Balance overview

Year	2023	2022	2021
Total fixed assets	92,808,228	38,871,828	62,567,055
Total current assets	7,804,217	39,285,816	17,228,676
Total assets	100,612,445	78,157,645	79,795,732
Short term debt	25,421,282	1,462,547	5,688,518
Long term debt	26,605,178	25,032,610	30,087,188
Total liabilities	52,026,460	26,495,157	35,775,707
Contributed capital	3,000,000	3,000,000	3,000,000
Retained earnings	45,585,985	48,662,487	41,020,025
Total equity	48,585,985	51,662,487	44,020,025
Total equity and liabilities	100,612,445	78,157,645	79,795,732

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

H

Main industrial area

Transportation and storage

50

Activity

Water transport

50.2

Main industrial group

Sea and coastal freight water transport

50.20

Industrial group

Sea and coastal freight water transport

50.201

Industrial group

Freight ocean transport