NORDIC CREDIT RATING AS

Operating

Utarbeide finansiell analyse og kredittrating av foretak på oppdrag fra aktørene i kapitalmarkedet.

Utarbeide finansiell analyse av foretak på oppdrag fra investorer, låntakere eller andre som ønsker en vurdering. Dette er en kommersiell tjeneste som vil bli solgt til interesserte.

Organization

CEO: CG
Carl Gustav Axel Liedgren1983
Chairman of the board: AB
Audun Bø1962
Years since formation: 10 years; since Oct 17, 2016
Type: Limited company
VAT registered: Yes
Number of employees: 8

Ownership

Number of shares and share classes: 635,368; 1 share class
Total number of shareholders: 32; 26 companies, 6 persons

Financials

Total operating income 2025: 35,436,388; NOK
Annual total result 2025: 3,112,788; NOK
Total equity 2025: 14,301,371; NOK

Last update: Sep 14, 2026

Management

Management / administration

Name	Role	Shares
CG Carl Gustav Axel Liedgren 1983	Managing Director/CEO	-

Board

Name	Role	Shares
AB Audun Bø 1962	Chairman	-
JP Jan Peter Tuving 1964	Board Member	-
AS Ann-Christin Smestad 1966	Board Member	-
TM Torbjørn Martinsen 1958	Board Member	-

Others

Name	Role	Shares
A AS REVISION	Auditor	-
E ECIT NORIAN AS	Accountant	-

Top 10 individual shareholders

Name	Role	Shares
SR Sjoner Ragnar 1953	-	3.48 % indirectly
FW Fredrik Werring Neslein Thomas 1989	-	2.54 % indirectly
EL Eirik Lerøy Ole 1959	-	1.56 % indirectly
DP Dragesund Petter 1964	-	1.5 % indirectly
JP Jan Pollestad Lidar 1961	-	1.25 % indirectly
DV Dagfinn Veen Tor 1947	-	1.15 % indirectly
BH Blymke Henrik 1975	-	1.1 % directly 0.39 % indirectly 0.71 %

Last update: Jun 3, 2025

Ownership

Company shareholders

Name	Share class	Total number of shares	Share
D DNB BANK ASA	Ordinary shares	39,712	6.25 %
N NORDIC TRUSTEE HOLDING AS	Ordinary shares	29,970	4.72 %
P PECUNIA FORVALTNING AS	Ordinary shares	29,970	4.72 %
P PARETO AS	Ordinary shares	29,970	4.72 %
K KOMMUNAL LANDSPENSJONSKASSE GJENSIDIG FORSIKRINGSSELSKAP	Ordinary shares	29,970	4.72 %
D DNB BANK ASA	Ordinary shares	29,970	4.72 %
E EURONEXT NORDICS HOLDING AS	Ordinary shares	29,970	4.72 %
T T.D. VEEN AS	Ordinary shares	29,970	4.72 %
S STOREBRAND ASA	Ordinary shares	29,970	4.72 %
B BERGEN KOMMUNALE PENSJONSKASSE	Ordinary shares	29,970	4.72 %
S SPAREBANK 1 GRUPPEN AS	Ordinary shares	29,970	4.72 %
D DANSKE BANK A/S NUF	Ordinary shares	29,970	4.72 %
G GJENSIDIGE FORSIKRING ASA	Ordinary shares	29,970	4.72 %
F FRIMAL AS	Ordinary shares	29,000	4.56 %
P PROFOND AS	Ordinary shares	23,934	3.77 %
M MP PENSJON PK	Ordinary shares	19,720	3.1 %
D DRAGESUND INVEST AS	Ordinary shares	19,000	2.99 %
N NORDENFJELSKE BYKREDITTS STIFTELSE	Ordinary shares	12,000	1.89 %
S STORM NORGE AS	Ordinary shares	10,000	1.57 %
E EIKA GRUPPEN AS	Ordinary shares	10,000	1.57 %
E EIKA BOLIGKREDITT AS	Ordinary shares	10,000	1.57 %
A ALFRED BERG KAPITALFORVALTNING AS	Ordinary shares	8,000	1.26 %
D DANJA INVEST AS	Ordinary shares	7,966	1.25 %
KS Klyve Sunde Kristine 1989	Ordinary shares	5,000	0.79 %
T TRØNDERENERGI AS	Ordinary shares	5,000	0.79 %
H HBCG INVESTERING AS	Ordinary shares	4,500	0.71 %
BA Bø Audun 1962	Ordinary shares	4,500	0.71 %
B BJØRN NORLIE 2 AS	Ordinary shares	3,000	0.47 %
BH Blymke Henrik 1975	Ordinary shares	2,500	0.39 %
AK Atle Kristiansen Geir 1962	Ordinary shares	1,370	0.22 %
SY Sem Yssen Christian 1996	Ordinary shares	832	0.13 %
GA Gulbrandsen Anine 1991	Ordinary shares	628	0.1 %

Last update: Sep 25, 2026

Financials

in NOK

Summary

Year	2025	2024	2023	2022	2021
Total operating income	35,436,388	28,744,027	19,980,562	17,343,918	15,247,910
Annual Total Result	3,112,788	-4,133,748	-11,189,805	-8,704,827	-9,812,416
Total assets	18,948,332	16,031,564	18,791,484	26,692,824	38,663,743
Total liabilities	4,646,961	5,784,099	5,454,079	4,147,075	7,413,167
Total equity	14,301,371	10,247,465	13,337,405	22,545,749	31,250,576

P&L

Year	2025	2024	2023	2022	2021
Total operating income	35,436,388	28,744,027	19,980,562	17,343,918	15,247,910
Total operating costs	33,356,176	33,556,753	32,174,919	25,523,333	25,190,332
Operating result	2,080,212	-4,812,726	-12,194,357	-8,179,416	-9,942,422
Financial income/costs	1,032,576	678,978	1,004,552	-525,411	130,005
Profit before tax	3,112,788	-4,133,748	-11,189,805	-8,704,827	-9,812,416
Total tax & extraordinary income/cost	0	0	0	0	0
Annual Total Result	3,112,788	-4,133,748	-11,189,805	-8,704,827	-9,812,416

Balance overview

Year	2025	2024	2023	2022	2021
Total fixed assets	310,759	298,748	346,178	313,413	172,316
Total current assets	18,637,572	15,732,816	18,445,307	26,379,411	38,491,427
Total assets	18,948,332	16,031,564	18,791,484	26,692,824	38,663,743
Short term debt	4,646,961	5,784,099	5,454,079	4,147,075	7,413,167
Long term debt	0	0	0	0	0
Total liabilities	4,646,961	5,784,099	5,454,079	4,147,075	7,413,167
Contributed capital	104,251,370	103,126,470	102,011,460	100,030,000	100,030,000
Retained earnings	-89,949,999	-92,879,005	-88,674,055	-77,484,251	-68,779,424
Total equity	14,301,371	10,247,465	13,337,405	22,545,749	31,250,576
Total equity and liabilities	18,948,332	16,031,564	18,791,484	26,692,824	38,663,743

Classification

21st company classification

BETA

Scaleup

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

NORDIC CREDIT RATING AS917 685 991