S. MUNKHAUGEN AS

Operating

Selv, gjennom hel- eller deleide selskaper eller ved å samarbeide med andre selskaper, å forestå investeringsvirksomhet, herunder investering i aksjer, obligasjoner, selskapsandeler, utlånsvirksomhet, fast eiendom og annen virksomhet beslektet med dette.

Selskapets virksomhet er selv, gjennom hel- eller deleide selskaper eller ved å samarbeide med andre selskaper, å forestå investeringsvirksomhet, herunder investering i aksjer, obligasjoner, selskapsandeler, utlånsvirksomhet, fast eiendom og annen virksomhet beslektet med dette.

Organization

CEO: TM
Torkil Munkhaugen1981
Chairman of the board: SM
Steinar Munkhaugen1952
Years since formation: 12 years; since Oct 16, 2014
Type: Limited company
VAT registered: No
Number of employees: 0

Ownership

Number of shares and share classes: 2,900; 1 share class
Total number of shareholders: 3; companies
Belongs to group of

Financials

Total operating income 2025: 25,643,822; NOK
Annual total result 2025: 20,378,862; NOK

Last update: Sep 15, 2026

Management

Management / administration

Name	Role	Shares
TM Torkil Munkhaugen 1981	Managing Director/CEO	-

Board

Name	Role	Shares
SM Steinar Munkhaugen 1952	Chairman	-
MM Marthe Munkhaugen Eggan 1977	Board Member	-
TM Torkil Munkhaugen 1981	Board Member	-

Others

Name	Role	Shares
E E.K. REVISJON AS	Auditor	-
F FORMUE ACCOUNTING AS	Accountant	-

Top 10 individual shareholders

Name	Role	Shares
MS Munkhaugen Steinar 1952	-	34 % indirectly
MT Munkhaugen Torkil 1981	-	33 % indirectly
ME Munkhaugen Eggan Marthe 1977	-	33 % indirectly

Last update: Jul 27, 2026

Ownership

Company shareholders

Name	Share class	Total number of shares	Share
S STEINAR MUNKHAUGEN AS	Ordinary shares	986	34 %
T T. MUNKHAUGEN AS	Ordinary shares	957	33 %
M M. EGGAN AS	Ordinary shares	957	33 %

Shares owned by the S. MUNKHAUGEN AS

Name	Share class	Total number of shares	Share
O ORKELBOGEN FRILUFTSENTER AS	Ordinary shares	10,000	100 %
F FEMUNDLØPET AS	Ordinary shares	152	50.67 %
S STRINDA HAGEBY 5 AS Closed	Ordinary shares	1,800	50 %
H HEIMDAL GRUPPEN AS	Ordinary shares	50,000	50 %
F FYRESIGN AS	Ordinary shares	215,387	44.76 %
H HEIMDAL BRYGGERIKVARTALET INVEST AS	Ordinary shares	300	30 %
R RISABERGVEGEN EIENDOMSINVEST AS	Ordinary shares	2,325,000	30 %
R RISAVIKA KOMBINASJONSEIENDOM AS	Ordinary shares	106,500	30 %
K KVIKNE EIENDOM AS	Ordinary shares	623	15.58 %
F FENDR PROJECT FINANCE AS	Class B shares	42,850	10 %
Z ZONARA AS	Ordinary shares	900	10 %
F FREDRIKSTAD BYINVEST AS	Ordinary shares	973,500	8.25 %
B BEVART AS	Ordinary shares	10,133	7.51 %
W WAVETRAIN SYSTEMS AS	C-shares	3,261,578	6.71 %
V VIKING GROWTH 30 AS	A-shares	4,000	4.94 %
N NORDIC TECHNOLOGY GROUP AS	Ordinary shares	6,686,365	4.61 %
X XPLORA TECHNOLOGIES AS	Ordinary shares	1,991,325	4.44 %
V VIKING GROWTH 10 AS	A-shares	2,266	4.38 %
F FRANATECH AS	Preference shares	603,324	4.3 %
R ROADGUARD AS	Ordinary shares	2,255,667	4.23 %
V VIKING GROWTH 15 FOLLOW-UP AS	A-shares	408	3.89 %
V VIKING GROWTH 12 FOLLOW-UP AS	A-shares	3,320	3.82 %
V VIKING GROWTH 18 AS	A-shares	3,785	3.78 %
V VIKING GROWTH 20 AS	A-shares	3,000	3.43 %
T TÝR MARKETS AS	Ordinary shares	1,200	3.38 %
G GENETIC ANALYSIS AS	Ordinary shares	2,273,372	3.29 %
F FUTURUM VENTURES FUND I AS	A-shares	15,000,000	3 %
V VIKING GROWTH 12B AS	A-shares	1,000	2.89 %
V VIKING GROWTH 12C AS	A-shares	498	2.89 %
V VIKING GROWTH 12D AS	A-shares	2,656	2.89 %
V VIKING GROWTH 10C AS	A-shares	1,000	2.88 %
V VIKING GROWTH 15 AS	A-shares	2,467	2.86 %
V VIKING GROWTH 26 AS	A-shares	5,000	2.86 %
A ANCHORA CAPITAL AS	C-shares	44,193	2.8 %
V VIKING GROWTH 19 AS	A-shares	3,000	2.73 %
V VIKING GROWTH 15B AS	A-shares	1,717	2.73 %
V VIKING GROWTH 23 FOLLOW-UP AS	A-shares	940	2.29 %
V VOLVEN AS	Ordinary shares	5,244	2.2 %
V VIKING GROWTH 25 AS	A-shares	3,600	2.13 %
V VIKING GROWTH 25B AS	A-shares	1,127	2.13 %
V VIKING VINTAGE 2025 AS	Ordinary shares	3,272	2.02 %
V VIKING GROWTH 12 AS	A-shares	1,239	2.01 %
V VIKING GROWTH 23 AS	A-shares	2,400	2 %
V VIKING GROWTH 17 FOLLOW-UP AS	A-shares	1,386	1.75 %
V VIKING GROWTH 17 AS	A-shares	1,070	1.6 %
V VIKING GROWTH 17B AS	A-shares	918	1.6 %
C CRAYONANO AS Under liquidation	NO0010820558	571,428	1.48 %
V VIKING GROWTH 24 AS	A-shares	1,303	1.15 %
V VIKING GROWTH 22 FOLLOW-UP AS	A-shares	554	0.8 %
V VIKING GROWTH 22B AS	A-shares	426	0.74 %
V VIKING GROWTH 22 AS	A-shares	726	0.74 %
C CONDALIGN AS Under liquidation	NO0013301903	119,976	0.73 %
V VIKING GROWTH 25 FOLLOW-UP AS	A-shares	1,237	0.72 %
V VIKING GROWTH 27 AS	A-shares	1,000	0.63 %
P POLARIS EIENDOM AS	Ordinary shares	500,000	0.47 %
H HAMMERTECH AS	C-shares	1,052	0.35 %
A AKER ASA	Ordinary shares	119	< 0.01 %
L LINK MOBILITY GROUP HOLDING ASA	Ordinary shares	8,755	< 0.01 %
A AKER HORIZONS ASA Closed	Ordinary shares	63,000	< 0.01 %
S SOLSTAD OFFSHORE ASA	Ordinary shares	36	< 0.01 %

Last update: Sep 25, 2026

Group structure

S. MUNKHAUGEN AS
Total operating income 2025: NOK 25,643,822
Operating profit 2025: NOK 8,289,392
Employees: 0

Financials

in NOK

Summary

Year	2025	2024	2023	2022	2021
Total operating income	25,643,822	24,753,901	10,724,022	75,617,330	13,139,128
Annual Total Result	20,378,862	17,025,802	47,428,365	132,723,646	74,339,040
Total assets	0	595,574,383	608,695,134	580,578,844	481,277,411
Total liabilities	0	91,839,626	91,986,178	80,995,224	84,417,437
Total equity	0	503,734,757	516,708,955	499,583,621	396,859,974

P&L

Year	2025	2024	2023	2022	2021
Total operating income	25,643,822	24,753,901	10,724,022	75,617,330	13,139,128
Total operating costs	17,354,430	27,307,160	9,579,724	10,594,319	5,760,359
Operating result	8,289,392	-2,553,259	1,144,298	65,023,011	7,378,769
Financial income/costs	12,089,470	19,579,061	46,284,067	72,782,125	67,227,441
Profit before tax	20,378,862	17,025,802	47,428,365	137,805,136	74,606,210
Total tax & extraordinary income/cost	0	0	0	5,081,490	267,170
Annual Total Result	20,378,862	17,025,802	47,428,365	132,723,646	74,339,040

Balance overview

Year	2024	2023	2022	2021
Total fixed assets	114,786,711	101,692,700	91,015,563	86,607,451
Total current assets	480,787,672	507,002,434	489,563,281	394,669,960
Total assets	595,574,383	608,695,134	580,578,844	481,277,411
Short term debt	31,829,626	31,976,178	30,994,141	34,417,342
Long term debt	60,010,000	60,010,000	50,001,083	50,000,095
Total liabilities	91,839,626	91,986,178	80,995,224	84,417,437
Contributed capital	31,900	31,900	31,900	31,900
Retained earnings	503,702,857	516,677,055	499,551,721	396,828,074
Total equity	503,734,757	516,708,955	499,583,621	396,859,974
Total equity and liabilities	595,574,383	608,695,134	580,578,844	481,277,411

Classification

21st company classification

BETA

Industrial large enterprise

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

S. MUNKHAUGEN AS914 310 687

S. MUNKHAUGEN AS

Organization

Ownership

Financials

Management

Management / administration

Board

Others

Top 10 individual shareholders

Ownership

Company shareholders

Shares owned by the S. MUNKHAUGEN AS

Group structure

Financials

Summary

P&L

Balance overview

Classification