NETEL AS
Organization
- CEO
- EO
Edward Olastuen1985
- Chairman of the board
- JR
- Years since formation
- 24 years
- since Mar 19, 2001
- Type
- Limited company
- VAT registered
- Yes
- Number of employees
- 334
Ownership
- Number of shares and share classes
- 5,700,000
- 1 share class
- Total number of shareholders
- 1
- person
- Belongs to group of
Financials
- Total operating income 2024
- 927,292,018
- NOK
- Annual total result 2024
- -12,924,044
- NOK
- Total equity 2024
- 29,667,047
- NOK
Last update: Sep 13, 2025
Management
Management / administration
| Name | Role | Shares |
|---|---|---|
EO 1985 | Managing Director/CEO | - |
Board
| Name | Role | Shares |
|---|---|---|
JR | Chairman | - |
JF | Board Member | - |
Others
| Name | Role | Shares |
|---|---|---|
| Auditor | - | |
| Accountant | - |
Last update: Mar 23, 2024
Ownership
Company shareholders
| Name | Share class | Total number of shares | Share |
|---|---|---|---|
AN | Ordinary shares | 5,700,000 | 100 % |
Shares owned by the NETEL AS
| Name | Share class | Total number of shares | Share |
|---|---|---|---|
| Ordinary shares | 100 | 100 % |
Last update: Jun 2, 2025
Group structure
- Total operating income 2024: NOK 927,292,018Operating profit 2024: NOK 498,589Employees: 334
Financials
in NOK
Summary
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total operating income | 927,292,018 | 823,246,665 | 800,043,973 | 739,750,889 |
Annual Total Result | -12,924,044 | -3,365,350 | 23,236,198 | 43,333,228 |
Total assets | 402,105,967 | 369,788,183 | 393,768,617 | 402,229,139 |
Total liabilities | 372,438,921 | 376,894,823 | 282,509,907 | 314,206,628 |
Total equity | 29,667,047 | -7,106,640 | 111,258,710 | 88,022,511 |
P&L
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total operating income | 927,292,018 | 823,246,665 | 800,043,973 | 739,750,889 |
Total operating costs | 926,793,429 | 823,111,350 | 767,242,996 | 676,803,785 |
Operating result | 498,589 | 135,315 | 32,800,977 | 62,947,104 |
Financial income/costs | -13,422,633 | -4,444,770 | -2,892,996 | -3,252,484 |
Profit before tax | -12,924,044 | -4,309,455 | 29,907,980 | 59,694,620 |
Total tax & extraordinary income/cost | 0 | -944,105 | 6,671,782 | 16,361,392 |
Annual Total Result | -12,924,044 | -3,365,350 | 23,236,198 | 43,333,228 |
Balance overview
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total fixed assets | 125,406,525 | 120,089,517 | 124,679,347 | 126,099,179 |
Total current assets | 276,699,442 | 249,698,666 | 269,089,269 | 276,129,960 |
Total assets | 402,105,967 | 369,788,183 | 393,768,617 | 402,229,139 |
Short term debt | 169,067,208 | 260,687,172 | 159,213,765 | 165,537,711 |
Long term debt | 203,371,713 | 116,207,651 | 123,296,142 | 148,668,917 |
Total liabilities | 372,438,921 | 376,894,823 | 282,509,907 | 314,206,628 |
Contributed capital | 17,940,166 | 17,940,166 | 17,940,166 | 17,940,166 |
Retained earnings | 11,726,881 | -25,046,806 | 93,318,544 | 70,082,345 |
Total equity | 29,667,047 | -7,106,640 | 111,258,710 | 88,022,511 |
Total equity and liabilities | 402,105,968 | 369,788,183 | 393,768,617 | 402,229,139 |
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