TIMELUX AS
Under liquidation: 04/20/2026, Insolvency proceedingsTIMELUX AS KONKURSBO
Liquidation estate:
Kjøp/salg av luksusvarer som vesker, klær, sko og klokker. Og annet
som naturlig sammenfaller med dette, samt deltakelse i andre
selskaper, investeringer og nærliggende virksomhet.
.Kjøp og salg av klokker i luksussegmentet med fokus på bruktmarkedet
samt hva som naturlig hører til dette. Kjøp og salg av luksusvesker i
sammesegment.
Organization
- CEO
- SG
Shobhit Garg2001
- Chairman of the board
- SG
Shobhit Garg2001
- Years since formation
- 4 years
- since Jan 21, 2022
- Type
- Limited company
- VAT registered
- No
- Number of employees
- 0
Ownership
- Number of shares and share classes
- 2,000
- 1 share class
- Total number of shareholders
- 1
- company
- Belongs to group of
Financials
- Total operating income 2024
- 35,072,196
- NOK
- Annual total result 2024
- 519,142
- NOK
- Total equity 2024
- 1,212,687
- NOK
Last update: Apr 21, 2026
Management
Management / administration
| Name | Role | Shares |
|---|---|---|
SG 2001 | Managing Director/CEO | 50 % indirectly |
Board
| Name | Role | Shares |
|---|---|---|
SG 2001 | Chairman | 50 % indirectly |
MG 1969 | Board Member | 50 % indirectly |
Others
| Name | Role | Shares |
|---|---|---|
| Auditor | - | |
| Accountant | - |
Top 10 individual shareholders
| Name | Role | Shares |
|---|---|---|
SG 2001 | Managing Director/CEO, Chairman | 50 % indirectly |
MG 1969 | Board Member | 50 % indirectly |
Last update: Mar 17, 2026
Ownership
Company shareholders
| Name | Share class | Total number of shares | Share |
|---|---|---|---|
| Ordinary shares | 2,000 | 100 % |
Last update: Jun 2, 2025
Group structure
- Total operating income 2024: NOK 0Operating profit 2024: NOK -13,414Employees: 0
Financials
in NOK
Summary
| Year | 2024 | 2023 | 2022 |
|---|---|---|---|
Total operating income | 35,072,196 | 42,147,846 | 26,810,043 |
Annual Total Result | 519,142 | 484,549 | 114,566 |
Total assets | 5,226,106 | 3,683,345 | 2,807,809 |
Total liabilities | 4,013,419 | 2,989,800 | 2,598,813 |
Total equity | 1,212,687 | 693,545 | 208,996 |
P&L
| Year | 2024 | 2023 | 2022 |
|---|---|---|---|
Total operating income | 35,072,196 | 42,147,846 | 26,810,043 |
Total operating costs | 34,448,755 | 41,621,153 | 26,663,164 |
Operating result | 623,441 | 526,693 | 146,879 |
Financial income/costs | 61,388 | 111,677 | 0 |
Profit before tax | 684,829 | 638,370 | 146,879 |
Total tax & extraordinary income/cost | 165,687 | 153,821 | 32,313 |
Annual Total Result | 519,142 | 484,549 | 114,566 |
Balance overview
| Year | 2024 | 2023 | 2022 |
|---|---|---|---|
Total fixed assets | 0 | 150,000 | 0 |
Total current assets | 5,226,106 | 3,533,345 | 2,807,809 |
Total assets | 5,226,106 | 3,683,345 | 2,807,809 |
Short term debt | 762,955 | 153,300 | 132,313 |
Long term debt | 3,250,464 | 2,836,500 | 2,466,500 |
Total liabilities | 4,013,419 | 2,989,800 | 2,598,813 |
Contributed capital | 100,000 | 100,000 | 94,430 |
Retained earnings | 1,112,687 | 593,545 | 114,566 |
Total equity | 1,212,687 | 693,545 | 208,996 |
Total equity and liabilities | 5,226,106 | 3,683,345 | 2,807,809 |
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