SANDVOLD DEVELOPMENT AS • 914532426 • Oslo • Construction of buildings

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/ Purchase and sale

/ 41.109 Other development and sale of real estate

SANDVOLD DEVELOPMENT AS

Keywords

real estatesalesdevelopment

Organization

CEO: MH
Martin Hellern Lindbæck1986
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 2023: 1,728,165; NOK
Annual total result 2023: -5,087,159; NOK
Total equity 2023: 18,955,399; NOK

Last update: Feb 28, 2025

Management

Management / administration

Name	Role	Shares
MH Martin Hellern Lindbæck 1986	Managing Director/CEO	-

Board

Name	Role	Shares
MR Martin Rustøy 1982	Chairman	-
HS Halvor Strømme Devold 1994	Board Member	-

Others

Name	Role	Shares
F FORVIS MAZARS AS	Auditor	-

Last update: Apr 28, 2025

Ownership

Company shareholders

Name	Share class	Total number of shares	Share
S SANDVOLDGRUPPEN AS	Ordinary shares	320	80 %
H HEIN HOLDING AS	Ordinary shares	80	20 %

Shares owned by the SANDVOLD DEVELOPMENT AS

Name	Share class	Total number of shares	Share
V VØYEN HAGEBY UTBYGGING AS	Ordinary shares	10,000	100 %
S SEILDUKSGATEN 25/31 AS	Ordinary shares	4,500	100 %
B BJØRNVEIEN EIENDOM AS	Ordinary shares	5,000	100 %
T TRONDHEIMSVEIEN 82 UTBYGGING AS	Ordinary shares	100	100 %
U UTHUSSETRA UTBYGGING AS	Ordinary shares	10,200,000	100 %
U U90 UTBYGGING AS	Ordinary shares	1	100 %
F FOLKE BERNADOTTESVEI 4 AS	Ordinary shares	3,000	100 %
S SANDAKERVEIEN 112 AS	Ordinary shares	355	50 %

Last update: Jun 2, 2025

Group structure

SANDVOLDGRUPPEN AS
Total operating income 2023: NOK 11,535,000
Operating profit 2023: NOK -5,806,527
Employees: 7

Financials

in NOK

Summary

Year	2023	2022	2021
Total operating income	1,728,165	24,105,554	6,130,125
Annual Total Result	-5,087,159	199,149,853	-2,957,111
Total assets	112,775,173	300,907,310	269,092,103
Total liabilities	93,819,775	96,864,754	160,578,665
Total equity	18,955,399	204,042,556	108,513,437

P&L

Year	2023	2022	2021
Total operating income	1,728,165	24,105,554	6,130,125
Total operating costs	10,968,642	14,682,516	14,409,358
Operating result	-9,240,477	9,423,038	-8,279,233
Financial income/costs	4,438,847	194,113,698	7,006,420
Profit before tax	-4,801,630	203,536,736	-1,272,813
Total tax & extraordinary income/cost	285,529	4,386,883	1,684,298
Annual Total Result	-5,087,159	199,149,853	-2,957,111

Balance overview

Year	2023	2022	2021
Total fixed assets	72,315,291	75,411,822	164,706,107
Total current assets	40,459,882	225,495,488	104,385,996
Total assets	112,775,173	300,907,310	269,092,103
Short term debt	86,293,602	87,328,333	122,721,522
Long term debt	7,526,173	9,536,421	37,857,143
Total liabilities	93,819,775	96,864,754	160,578,665
Contributed capital	400,000	400,000	400,000
Retained earnings	18,555,399	203,642,556	108,113,437
Total equity	18,955,399	204,042,556	108,513,437
Total equity and liabilities	112,775,174	300,907,310	269,092,102

Classification

Category

/ Purchase and sale

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

F

Main industrial area

Construction

41

Activity

Construction of buildings

41.1

Main industrial group

Development of building projects

41.10

Industrial group

Development of building projects

41.109

Industrial group

Other development and sale of real estate