VESTRE AS
Vestre | Creating social meeting places
Vestre is one of Scandinavia's leading manufacturers of sustainable furniture with Scandinavian design for urban and outdoor environments.
Organization
- CEO
- BC
- Chairman of the board
- KS
- Years since formation
- 30 years
- since Feb 19, 1995
- Type
- Limited company
- VAT registered
- Yes
- Number of employees
- 26
Ownership
- Number of shares and share classes
- 150
- 1 share class
- Total number of shareholders
- 2
- persons
- Belongs to group of
Financials
- Total operating income 2024
- 270,594,237
- NOK
- Annual total result 2024
- -18,457,448
- NOK
- Total equity 2024
- 93,431,301
- NOK
Last update: Sep 9, 2025
Management
Management / administration
| Name | Role | Shares |
|---|---|---|
BC | Managing Director/CEO | - |
Board
| Name | Role | Shares |
|---|---|---|
KS | Chairman | - |
KH 1957 | Deputy Chair | - |
RF | Board Member | - |
EP | Board Member | 30 % directly |
SK | Board Member | - |
MP | Board Member | - |
Others
| Name | Role | Shares |
|---|---|---|
| Auditor | - |
Top 10 individual shareholders
| Name | Role | Shares |
|---|---|---|
JC | - | 70 % directly |
EP | Board Member | 30 % directly |
Last update: Nov 29, 2024
Ownership
Company shareholders
| Name | Share class | Total number of shares | Share |
|---|---|---|---|
JC | Ordinary shares | 105 | 70 % |
EP | Ordinary shares | 45 | 30 % |
Shares owned by the VESTRE AS
| Name | Share class | Total number of shares | Share |
|---|---|---|---|
| Ordinary shares | 100 | 100 % | |
| Ordinary shares | 100 | 100 % | |
| A-shares | 1,605 | 1.21 % |
Last update: Jun 2, 2025
Group structure
- Total operating income 2024: NOK 270,594,237Operating profit 2024: NOK -43,141,192Employees: 26
Financials
in NOK
Summary
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total operating income | 270,594,237 | 111,023,510 | 137,783,646 | 122,581,104 |
Annual Total Result | -18,457,448 | 5,220,692 | 43,929,685 | 10,113,315 |
Total assets | 407,939,563 | 461,297,737 | 439,612,626 | 356,936,900 |
Total liabilities | 314,508,262 | 343,808,987 | 320,514,568 | 280,268,527 |
Total equity | 93,431,301 | 117,488,750 | 119,098,058 | 76,668,373 |
P&L
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total operating income | 270,594,237 | 111,023,510 | 137,783,646 | 122,581,104 |
Total operating costs | 313,735,429 | 136,033,264 | 125,203,759 | 109,825,372 |
Operating result | -43,141,192 | -25,009,755 | 12,579,888 | 12,755,733 |
Financial income/costs | 20,705,762 | 27,789,848 | 34,630,888 | 828,775 |
Profit before tax | -22,435,430 | 2,780,094 | 47,210,775 | 13,584,508 |
Total tax & extraordinary income/cost | -3,977,982 | -2,440,598 | 3,281,090 | 3,471,193 |
Annual Total Result | -18,457,448 | 5,220,692 | 43,929,685 | 10,113,315 |
Balance overview
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total fixed assets | 194,492,563 | 219,551,192 | 222,377,599 | 220,147,273 |
Total current assets | 213,447,000 | 241,746,545 | 217,235,027 | 136,789,627 |
Total assets | 407,939,563 | 461,297,737 | 439,612,626 | 356,936,900 |
Short term debt | 314,508,262 | 166,427,737 | 130,258,318 | 83,535,712 |
Long term debt | 0 | 177,381,250 | 190,256,250 | 196,732,815 |
Total liabilities | 314,508,262 | 343,808,987 | 320,514,568 | 280,268,527 |
Contributed capital | 150,000 | 150,000 | 150,000 | 150,000 |
Retained earnings | 93,281,301 | 117,338,750 | 118,948,058 | 76,518,373 |
Total equity | 93,431,301 | 117,488,750 | 119,098,058 | 76,668,373 |
Total equity and liabilities | 407,939,563 | 461,297,737 | 439,612,626 | 356,936,900 |
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