SANDVOLD DEVELOPMENT AS
Keywords
real estatesalesdevelopment
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: Jun 5, 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 2023: NOK 11,535,000Operating profit 2023: NOK -5,806,527Employees: 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
Category
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