ONTIME NETWORKS AS
Home - OnTime Networks
OnTime Networks Rugged Ethernet Switches, Routers, and Timing Solutions for Ground, Air, and Defense Applications.
Keywords
program developmentsoftware
Organization
- CEO
- ØM
- Chairman of the board
- ØM
- Years since formation
- 19 years
- since Feb 28, 2006
- Type
- Limited company
- VAT registered
- Yes
- Number of employees
- 25
Ownership
- Number of shares and share classes
- 121,833
- 1 share class
- Total number of shareholders
- 5
- 2 companies, 3 persons
- Belongs to group of
Financials
- Total operating income 2024
- 167,310,564
- NOK
- Annual total result 2024
- 53,803,948
- NOK
- Total equity 2024
- 76,590,753
- NOK
Last update: Jul 3, 2025
Management
Management / administration
| Name | Role | Shares |
|---|---|---|
ØM | Managing Director/CEO | 31.19 % indirectly |
Board
| Name | Role | Shares |
|---|---|---|
ØM | Chairman | 31.19 % indirectly |
AK | Alternate Member | 31.19 % indirectly |
Others
| Name | Role | Shares |
|---|---|---|
| Auditor | - | |
| Accountant | - |
Top 10 individual shareholders
| Name | Role | Shares |
|---|---|---|
AK | Alternate Member | 31.19 % indirectly |
ØM | Managing Director/CEO, Chairman | 31.19 % indirectly |
PK | - | 17.24 % directly |
RH 1980 | - | 12.28 % directly |
SO 1969 | - | 4.1 % indirectly |
Last update: Apr 13, 2023
Ownership
Company shareholders
| Name | Share class | Total number of shares | Share |
|---|---|---|---|
| Ordinary shares | 76,000 | 62.38 % | |
PK | Ordinary shares | 21,000 | 17.24 % |
RH 1980 | Ordinary shares | 14,960 | 12.28 % |
| Ordinary shares | 5,000 | 4.1 % | |
| Ordinary shares | 4,873 | 4 % |
Last update: Jun 2, 2025
Group structure
- Total operating income 2024: NOK 0Operating profit 2024: NOK -39,209Employees: 0
Financials
in NOK
Summary
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total operating income | 167,310,564 | 91,088,049 | 35,266,713 | 24,513,125 |
Annual Total Result | 53,803,948 | 19,850,382 | 3,270,320 | -1,198,621 |
Total assets | 131,702,512 | 67,135,191 | 31,261,318 | 22,872,485 |
Total liabilities | 55,111,759 | 34,348,385 | 10,324,894 | 5,206,382 |
Total equity | 76,590,753 | 32,786,805 | 20,936,423 | 17,666,104 |
P&L
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total operating income | 167,310,564 | 91,088,049 | 35,266,713 | 24,513,125 |
Total operating costs | 100,895,162 | 65,850,995 | 31,331,278 | 26,057,246 |
Operating result | 66,415,403 | 25,237,053 | 3,935,435 | -1,544,121 |
Financial income/costs | 2,592,933 | -73,551 | -65,856 | -200,912 |
Profit before tax | 69,008,336 | 25,163,502 | 3,869,579 | -1,745,034 |
Total tax & extraordinary income/cost | 15,204,388 | 5,313,120 | 599,259 | -546,413 |
Annual Total Result | 53,803,948 | 19,850,382 | 3,270,320 | -1,198,621 |
Balance overview
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total fixed assets | 239,600 | 347,749 | 239,600 | 786,013 |
Total current assets | 131,462,912 | 66,787,442 | 31,021,718 | 22,086,472 |
Total assets | 131,702,512 | 67,135,191 | 31,261,318 | 22,872,485 |
Short term debt | 55,111,759 | 34,348,385 | 10,324,894 | 5,206,382 |
Long term debt | 0 | 0 | 0 | 0 |
Total liabilities | 55,111,759 | 34,348,385 | 10,324,894 | 5,206,382 |
Contributed capital | 496,521 | 496,521 | 496,521 | 496,521 |
Retained earnings | 76,094,233 | 32,290,285 | 20,439,903 | 17,169,583 |
Total equity | 76,590,753 | 32,786,805 | 20,936,423 | 17,666,104 |
Total equity and liabilities | 131,702,512 | 67,135,191 | 31,261,318 | 22,872,485 |
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
J
Main industrial area
Information and communication
62
Activity
Computer programming; consultancy and related activities
62.0
Main industrial group
Computer programming, consultancy and related activities
62.01
Industrial group
Computer programming activities
62.010
Industrial group
Computer programming activities