SALT SHIP DESIGN AS

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At Salt Ship Design we have a strong drive for optimizing ship performance. Our pride and recognition is linked to successful sailing vessels.,At Salt Ship Design we have a strong drive for optimizing ship performance. Our pride and recognition is linked to successful sailing vessels.

Keywords

product developmentprocess developmentdesign businesstextilesclothingshoesjewellerygold goodssilver goodsfurnitureinterior itemsfashion goods

Organization

CEO: AS
Andreas Siglen1986
Chairman of the board: ES
Egil Sandvik1971
Years since formation: 14 years; since Oct 29, 2011
Type: Limited company
VAT registered: Yes
Number of employees: 47

Ownership

Number of shares and share classes: 3,516,484; 1 share class
Total number of shareholders: 9; companies
Belongs to group of

Financials

Total operating income 2024: 231,100,413; NOK
Annual total result 2024: 64,573,591; NOK
Total equity 2024: 65,445,845; NOK

Last update: Jul 9, 2025

Management

Management / administration

Name	Role	Shares
AS Andreas Siglen 1986	Managing Director/CEO	4.5 % indirectly

Board

Name	Role	Shares
TH Tor Henning Vestbøstad 1975	Board Member	7.96 % indirectly
ES Egil Sandvik 1971	Chairman	14.5 % indirectly

Others

Name	Role	Shares
B BJØRGVIN REVISJON AS	Auditor	-

Top 10 individual shareholders

Name	Role	Shares
GS Gunny Sandvik 1966	-	17.06 % indirectly
ES Egil Sandvik 1971	Chairman	14.5 % indirectly
TS Trym Sandvik Steinshamn 1993	-	11.37 % indirectly
JE Johannes Eldøy 1976	-	10.24 % indirectly
TH Tor Henning Vestbøstad 1975	Board Member	7.96 % indirectly
KA Karl Andreas Sandvik 1999	-	6.26 % indirectly
SK Svein Koløen Sandvik 2002	-	6.26 % indirectly
JH Jørgen Hammersland 1970	-	4.55 % indirectly
ØT Øyvind Tveit Vestbøstad 1986	-	4.5 % indirectly
AS Andreas Siglen 1986	Managing Director/CEO	4.5 % indirectly

Last update: Jun 10, 2023

Ownership

Company shareholders

Name	Share class	Total number of shares	Share
G GSE DESIGN AS	Ordinary shares	2,000,000	56.87 %
S STØLSHAUGEN INVEST AS	Ordinary shares	400,000	11.37 %
J JOHANNES ELDØY AS	Ordinary shares	400,000	11.37 %
J JØRGEN HAMMERSLAND AS	Ordinary shares	160,000	4.55 %
B BNOSTBAKKEN AS	Ordinary shares	160,000	4.55 %
V VINDVEST AS	Ordinary shares	158,242	4.5 %
S SIGLEN AS	Ordinary shares	158,242	4.5 %
C CLA INVEST AS	Ordinary shares	40,000	1.14 %
A AGR INVEST AS	Ordinary shares	40,000	1.14 %

Shares owned by the SALT SHIP DESIGN AS

Name	Share class	Total number of shares	Share
S STORM INDUSTRIAL DESIGN AS	Ordinary shares	1,000	90.91 %
M MARINE SOFTWARE INTEGRATION AS	Ordinary shares	45	75 %

Last update: Jun 2, 2025

Group structure

GSE SANDVIK AS
Total operating income 2024: NOK 4,679,286
Operating profit 2024: NOK -4,430,509
Employees: 5

Financials

in NOK

Summary

Year	2024	2023	2022	2021
Total operating income	231,100,413	131,367,401	309,369,505	164,540,100
Annual Total Result	64,573,591	7,122,958	140,395,453	34,246,501
Total assets	295,750,843	133,496,500	285,463,142	152,012,917
Total liabilities	230,304,998	76,224,246	226,895,822	121,841,050
Total equity	65,445,845	57,272,254	58,567,320	30,171,867

P&L

Year	2024	2023	2022	2021
Total operating income	231,100,413	131,367,401	309,369,505	164,540,100
Total operating costs	159,167,239	134,682,144	132,038,969	122,775,434
Operating result	71,933,175	-3,314,743	177,330,536	41,764,666
Financial income/costs	9,887,112	10,454,244	2,978,469	1,936,430
Profit before tax	81,820,286	7,139,500	180,309,005	43,701,096
Total tax & extraordinary income/cost	17,246,695	16,542	39,913,552	9,454,595
Annual Total Result	64,573,591	7,122,958	140,395,453	34,246,501

Balance overview

Year	2024	2023	2022	2021
Total fixed assets	57,865,947	23,890,703	46,339,328	20,098,364
Total current assets	237,884,896	109,605,797	239,123,815	131,914,553
Total assets	295,750,843	133,496,500	285,463,142	152,012,917
Short term debt	203,254,814	59,055,192	206,113,815	99,886,550
Long term debt	27,050,184	17,169,054	20,782,007	21,954,500
Total liabilities	230,304,998	76,224,246	226,895,822	121,841,050
Contributed capital	11,470,384	7,870,384	7,870,384	7,870,384
Retained earnings	53,975,461	49,401,870	50,696,936	22,301,483
Total equity	65,445,845	57,272,254	58,567,320	30,171,867
Total equity and liabilities	295,750,843	133,496,500	285,463,142	152,012,917

SALT SHIP DESIGN AS897 523 752