SANDVOLD DEVELOPMENT AS
Organization
- CEO
- MH
- Chairman of the board
- MR
Martin Rustøy1982
- Years since formation
- 30 years
- since Feb 19, 1995
- Type
- Limited company
- VAT registered
- Yes
- Number of employees
- 0
Ownership
- Number of shares and share classes
- 400
- 1 share class
- Total number of shareholders
- 2
- companies
- Belongs to group of
Financials
- Total operating income 2024
- 597,786
- NOK
- Annual total result 2024
- 52,289,710
- NOK
- Total equity 2024
- 8,745,110
- NOK
Last update: Sep 9, 2025
Management
Management / administration
| Name | Role | Shares |
|---|---|---|
MH | Managing Director/CEO | - |
Board
| Name | Role | Shares |
|---|---|---|
MR 1982 | Chairman | - |
HS | Board Member | - |
Others
| Name | Role | Shares |
|---|---|---|
| Auditor | - |
Top 10 individual shareholders
| Name | Role | Shares |
|---|---|---|
SH 1951 | - | 20 % indirectly |
MS 1990 | - | 12.5 % indirectly |
SH | - | 12.5 % indirectly |
Last update: Apr 28, 2025
Ownership
Company shareholders
| Name | Share class | Total number of shares | Share |
|---|---|---|---|
| Ordinary shares | 320 | 80 % | |
| Ordinary shares | 80 | 20 % |
Shares owned by the SANDVOLD DEVELOPMENT AS
| Name | Share class | Total number of shares | Share |
|---|---|---|---|
| Ordinary shares | 10,000 | 100 % | |
| Ordinary shares | 4,500 | 100 % | |
| Ordinary shares | 5,000 | 100 % | |
| Ordinary shares | 100 | 100 % | |
| Ordinary shares | 10,200,000 | 100 % | |
| Ordinary shares | 1 | 100 % | |
| Ordinary shares | 3,000 | 100 % | |
| Ordinary shares | 355 | 50 % |
Last update: Jun 2, 2025
Group structure
- Total operating income 2024: NOK 11,541,000Operating profit 2024: NOK -6,496,843Employees: 7
Financials
in NOK
Summary
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total operating income | 597,786 | 1,728,165 | 24,105,554 | 6,130,125 |
Annual Total Result | 52,289,710 | -5,087,159 | 199,149,853 | -2,957,111 |
Total assets | 91,352,374 | 112,775,173 | 300,907,310 | 269,092,103 |
Total liabilities | 82,607,262 | 93,819,775 | 96,864,754 | 160,578,665 |
Total equity | 8,745,110 | 18,955,399 | 204,042,556 | 108,513,437 |
P&L
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total operating income | 597,786 | 1,728,165 | 24,105,554 | 6,130,125 |
Total operating costs | 7,367,608 | 10,968,642 | 14,682,516 | 14,409,358 |
Operating result | -6,769,822 | -9,240,477 | 9,423,038 | -8,279,233 |
Financial income/costs | 58,623,074 | 4,438,847 | 194,113,698 | 7,006,420 |
Profit before tax | 51,853,252 | -4,801,630 | 203,536,736 | -1,272,813 |
Total tax & extraordinary income/cost | -436,458 | 285,529 | 4,386,883 | 1,684,298 |
Annual Total Result | 52,289,710 | -5,087,159 | 199,149,853 | -2,957,111 |
Balance overview
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total fixed assets | 64,389,803 | 72,315,291 | 75,411,822 | 164,706,107 |
Total current assets | 26,962,571 | 40,459,882 | 225,495,488 | 104,385,996 |
Total assets | 91,352,374 | 112,775,173 | 300,907,310 | 269,092,103 |
Short term debt | 76,182,863 | 86,293,602 | 87,328,333 | 122,721,522 |
Long term debt | 6,424,399 | 7,526,173 | 9,536,421 | 37,857,143 |
Total liabilities | 82,607,262 | 93,819,775 | 96,864,754 | 160,578,665 |
Contributed capital | 400,000 | 400,000 | 400,000 | 400,000 |
Retained earnings | 8,345,110 | 18,555,399 | 203,642,556 | 108,113,437 |
Total equity | 8,745,110 | 18,955,399 | 204,042,556 | 108,513,437 |
Total equity and liabilities | 91,352,372 | 112,775,174 | 300,907,310 | 269,092,102 |
Classification
Type of organization
Limited company
Classification of institutional sector
INNL
Domestic sectors
A_IKKE-FIN
Non-financial corporations
2100
Private non-financial incorporated enterprises