CECON CONTRACTING AS

Operating

Gjennomføre entrepriser innen undervannsrørlegging, kabellegging og beslektede aktiviteter, samt å eie andeler i virksomheter som driver beslektet aktivitet.

Keywords

engineering servicespowerenergytransportwatersewagedrainageindustrymanufacturingtelecommunicationsbroadcastingpolicy analysisregulationsexpert opinionswitness statementsmechanical engineeringautomotive engineeringchemical engineeringtechnical consulting

Organization

CEO: JT
Jo Terje Braadlie1969
Chairman of the board: RK
Riulf Karsten Rustad1962
Years since formation: 16 years; since Dec 16, 2010
Type: Limited company
VAT registered: Yes
Number of employees: 14

Ownership

Number of shares and share classes: 125,000; 1 share class
Total number of shareholders: 2; 1 company, 1 person
Belongs to group of

Financials

Total operating income 2025: 372,254,269; NOK
Annual total result 2025: 36,862,708; NOK
Total equity 2025: 105,405,879; NOK

Last update: Aug 6, 2026

Management

Management / administration

Name	Role	Shares
JT Jo Terje Braadlie 1969	Managing Director/CEO	9.75 % indirectly

Board

Name	Role	Shares
RK Riulf Karsten Rustad 1962	Chairman	-
SO Svein Olsen 1947	Board Member	-
RF Riulf Frederik Rustad 1990 Resigned	Board Member	-

Others

Name	Role	Shares
E ERNST & YOUNG AS	Auditor	-
A AIDER AS	Accountant	-

Top 10 individual shareholders

Name	Role	Shares
JT Jo Terje Braadlie 1969	Managing Director/CEO	9.75 % indirectly

Last update: Dec 31, 2024

Ownership

Company shareholders

Name	Share class	Total number of shares	Share
GL Group Limited Rever	Ordinary shares	112,813	90.25 %
E ELFRI AS	Ordinary shares	12,187	9.75 %

Shares owned by the CECON CONTRACTING AS

Name	Share class	Total number of shares	Share
C CECON SHIPPING 2 AS	Ordinary shares	3,752	100 %
A AGALAS CABLE 1 AS	Ordinary shares	8	8 %

Last update: Jun 2, 2025

Group structure

CECON CONTRACTING AS
Total operating income 2025: NOK 372,254,269
Operating profit 2025: NOK 43,097,784
Employees: 14

Financials

in NOK

Summary

Year	2025	2024	2023	2022
Total operating income	372,254,269	243,033,910	431,399,680	187,150,487
Annual Total Result	36,862,708	39,267,015	52,938,258	35,646,793
Total assets	481,325,516	356,852,127	299,446,113	132,553,422
Total liabilities	375,919,638	278,979,679	251,946,832	110,719,854
Total equity	105,405,879	77,872,448	47,499,280	21,833,568

P&L

Year	2025	2024	2023	2022
Total operating income	372,254,269	243,033,910	431,399,680	187,150,487
Total operating costs	329,156,485	200,542,557	341,598,718	153,565,048
Operating result	43,097,784	42,491,353	89,800,963	33,585,439
Financial income/costs	4,435,647	7,881,814	2,364,749	11,979,046
Profit before tax	47,533,431	50,373,167	92,165,712	45,564,485
Total tax & extraordinary income/cost	10,670,723	11,106,152	39,227,454	9,917,692
Annual Total Result	36,862,708	39,267,015	52,938,258	35,646,793

Balance overview

Year	2025	2024	2023	2022
Total fixed assets	59,199,109	28,471,234	29,691,638	14,597,744
Total current assets	422,126,407	328,380,893	269,754,475	117,955,678
Total assets	481,325,516	356,852,127	299,446,113	132,553,422
Short term debt	375,919,638	278,979,679	251,946,832	110,719,854
Long term debt	0	0	0	0
Total liabilities	375,919,638	278,979,679	251,946,832	110,719,854
Contributed capital	13,365,419	13,365,419	13,365,419	13,365,419
Retained earnings	92,040,460	64,507,029	34,133,861	8,468,149
Total equity	105,405,879	77,872,448	47,499,280	21,833,568
Total equity and liabilities	481,325,516	356,852,127	299,446,113	132,553,422

Classification

21st company classification

BETA

Industrial large enterprise

CECON CONTRACTING AS996 311 465