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MOTOR & GEAR AS935 283 558

Purchase and sale
Limited company
Granegården 13 3735 SKIEN, Norge

MOTOR & GEAR AS

Operating
Salg av bilmotorer, selskapet kan også ved aksje- tegning og på annen måte gjøre seg interessert i andre foretagender.

Keywords

stallsmarketstextilesclothingfootwear

Organization

CEO
MG

Morten Galteland1978

Chairman of the board
IV

Inge Vikesdal1964

Years since formation
31 years
since Mar 12, 1995
Type
Limited company
VAT registered
Yes
Number of employees
0

Ownership

Number of shares and share classes
800
1 share class
Total number of shareholders
1
company
Belongs to group of

Financials

Total operating income 2025
8,602,786
NOK
Annual total result 2025
14,871
NOK
Total equity 2025
-631,260
NOK
Last update: Jul 14, 2026

Management

Management / administration

NameRoleShares
MG

Morten Galteland

1978

Managing Director/CEO
20 %
indirectly

Board

NameRoleShares
IV

Inge Vikesdal

1964

Chairman
60 %
indirectly
SH

Simon Hansen

1978

Board Member-
TK

Thomas Kasin

1984

Board Member-

Others

NameRoleShares
C
CEDRA NORGE AS
Auditor-
E
ENORA AS
Accountant-

Top 10 individual shareholders

NameRoleShares
IV

Inge Vikesdal

1964

Chairman
60 %
indirectly
MG

Morten Galteland

1978

Managing Director/CEO
20 %
indirectly
SK

Sara Kasin Vikesdal

1991

-
20 %
indirectly
Last update: Dec 3, 2025

Ownership

Company shareholders

NameShare classTotal number of sharesShare
M
M&G HOLDING AS
Ordinary shares
800
100 %
Last update: Jun 2, 2025

Group structure

  • VARG MANAGEMENT AS
    Total operating income 2024: NOK 205,244
    Operating profit 2024: NOK -1,687,512
    Employees: 0

Financials

in NOK

Summary

Year20252024202320222021
Total operating income
8,602,786
10,702,054
10,247,163
11,235,258
13,086,906
Annual Total Result
14,871
-597,764
-455,517
484,148
450,519
Total assets
2,365,611
2,356,421
3,102,257
2,844,287
2,311,486
Total liabilities
2,996,870
3,002,552
3,450,624
2,737,137
2,197,831
Total equity
-631,260
-646,131
-348,367
107,150
113,655

P&L

Year20252024202320222021
Total operating income
8,602,786
10,702,054
10,247,163
11,235,258
13,086,906
Total operating costs
8,505,976
11,116,590
10,605,163
10,563,703
12,466,946
Operating result
96,810
-414,536
-357,999
671,555
619,961
Financial income/costs
-81,939
-183,229
-97,518
-57,397
-44,598
Profit before tax
14,871
-597,764
-455,517
614,157
575,362
Total tax & extraordinary income/cost
0
0
0
130,009
124,843
Annual Total Result
14,871
-597,764
-455,517
484,148
450,519

Balance overview

Year20252024202320222021
Total fixed assets
109,397
159,796
212,941
48,333
25,130
Total current assets
2,256,215
2,196,625
2,889,316
2,795,954
2,286,356
Total assets
2,365,611
2,356,421
3,102,257
2,844,287
2,311,486
Short term debt
2,740,824
2,542,093
2,788,678
2,737,137
2,197,831
Long term debt
256,046
460,459
661,946
0
0
Total liabilities
2,996,870
3,002,552
3,450,624
2,737,137
2,197,831
Contributed capital
400,000
400,000
100,000
100,000
100,000
Retained earnings
-1,031,260
-1,046,131
-448,367
7,150
13,655
Total equity
-631,260
-646,131
-348,367
107,150
113,655
Total equity and liabilities
2,365,611
2,356,421
3,102,257
2,844,287
2,311,486

Classification

21st company classification
BETA
Small company
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
G
Main industrial area
Wholesale and retail trade; repair of motor vehicles and motorcycles
47
Activity
Retail trade, except of motor vehicles and motorcycles
47.8
Main industrial group
Retail sale via stalls and markets
47.82
Industrial group
Retail sale via stalls and markets of textiles, clothing and footwear
47.820
Industrial group
Retail sale via stalls and markets of textiles, clothing and footwear