CYCLED TECHNOLOGIES AS

Operating

Selge og utvikle teknologi, produkter og tjenester til avfalls og gjenvinning sektoren nasjonalt og internasjonalt og naturlig tilhørende tjenester.

Selge og utvikle teknologi, produkter og tjenester til avfalls og gjenvinning sektoren nasjonalt og internasjonalt.

Organization

Chairman of the board: OJ
Ole Johan Sandvær1954
Years since formation: 10 years; since Oct 12, 2016
Type: Limited company
VAT registered: Yes
Number of employees: 0

Ownership

Number of shares and share classes: 5,632,600; 1 share class
Total number of shareholders: 24; 10 companies, 14 persons

Financials

Total operating income 2024: 921,730; NOK
Annual total result 2024: -2,026,091; NOK
Total equity 2024: 8,954,681; NOK

Last update: Dec 12, 2025

Locations

Company address
Uniongata 18 3732 SKIEN, Norge
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Postal address
c/o JDK Regnskap AS Postboks 473 Downtown 3902 PORSGRUNN, Norge
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Management

Board

Name	Role	Shares
MC Matteo Chiesa 1974	Board Member	-
AH Arve Haugseter 1972 Resigned	Board Member	4.41 % indirectly
OJ Ole Johan Sandvær 1954	Chairman	-

Others

Name	Role	Shares
F FORVIS MAZARS AS	Auditor	-
V VALUE GROUP AS	Accountant	-

Top 10 individual shareholders

Name	Role	Shares
TV Tor Vidar Frydenlund 1957	-	5.43 % indirectly
AH Arve Haugseter 1972	Board Member	4.41 % indirectly
EK Espen Kvelland 1980	-	3.97 % indirectly
AL Arild Lauritz Fladby 1944	-	3.63 % indirectly
RF Richard Farnes 1947	-	3.24 % directly
KN Kolbjørn Nordstrand 1943	-	1.27 % directly
BK Bjørn Kristiansen 1951	-	1.06 % indirectly
KA Kjell Arne Bøe 1946	-	1.05 % directly

Last update: Dec 2, 2025

Ownership

Company shareholders

Name	Share class	Total number of shares	Share
NM Nordoest Middle East Llc	Ordinary shares	3,133,847	55.64 %
BP Benedikt Pilscheur Christopher	Ordinary shares	671,539	11.92 %
E EMSO HOLDING AS	Ordinary shares	496,939	8.82 %
F FRYDENLUND HOLDING AS	Ordinary shares	306,110	5.43 %
P PROSJEKTUTVIKLING AS	Ordinary shares	204,660	3.63 %
RF Richard Farnes 1947	Ordinary shares	182,435	3.24 %
FA Funsho Adegbenga Ijaodola	Ordinary shares	117,983	2.09 %
KN Kolbjørn Nordstrand 1943	Ordinary shares	71,295	1.27 %
U ULLENSAKER ELEKTRISKE AS	Ordinary shares	63,957	1.14 %
B BJØRK EIENDOM AS	Ordinary shares	59,431	1.06 %
KA Kjell Arne Bøe 1946	Ordinary shares	59,095	1.05 %
T TANNLEGE HERMANSEN HOLDING AS	Ordinary shares	51,261	0.91 %
GI Glenn Inge Paulseth 1959	Ordinary shares	50,701	0.9 %
SM Sissel Margrethe Heen 1959	Ordinary shares	29,828	0.53 %
K KAIZEN TRADING AS	Ordinary shares	28,540	0.51 %
PI Proplan International Ltd	Ordinary shares	20,002	0.36 %
TK Terje Kristoffer Gunnerud 1944	Ordinary shares	16,788	0.3 %
M MINNESJORD HOLDING AS	Ordinary shares	14,924	0.26 %
HK Hans Kåre Flø 1954	Ordinary shares	14,438	0.26 %
GW Glia Walid	Ordinary shares	12,750	0.23 %
T TALL RÅDGIVNING AS	Ordinary shares	11,192	0.2 %
R RETT-TAKST AS	Ordinary shares	7,051	0.13 %
RL Ragnar Lillemæhlum 1946	Ordinary shares	5,596	0.1 %
BH Bjørn Harald Hval Flobekk 1955	Ordinary shares	2,238	0.04 %

Last update: Jun 2, 2025

Financials

in NOK

Summary

Year	2024	2023	2022	2021
Total operating income	921,730	383,599	995,068	784,994
Annual Total Result	-2,026,091	-2,783,645	-59,523	-35,110
Total assets	13,845,510	15,526,142	10,211,397	7,049,875
Total liabilities	4,890,829	5,548,382	2,574,379	1,242,243
Total equity	8,954,681	9,977,760	7,637,018	5,807,631

P&L

Year	2024	2023	2022	2021
Total operating income	921,730	383,599	995,068	784,994
Total operating costs	2,852,138	2,816,950	912,992	791,826
Operating result	-1,930,408	-2,433,351	82,077	-6,832
Financial income/costs	-95,683	-350,294	-141,599	-28,277
Profit before tax	-2,026,091	-2,783,645	-59,523	-35,110
Total tax & extraordinary income/cost	0	0	0	0
Annual Total Result	-2,026,091	-2,783,645	-59,523	-35,110

Balance overview

Year	2024	2023	2022	2021
Total fixed assets	13,397,480	14,436,488	9,326,722	6,118,834
Total current assets	448,030	1,089,654	884,675	931,041
Total assets	13,845,510	15,526,142	10,211,397	7,049,875
Short term debt	1,305,302	1,612,855	265,925	207,442
Long term debt	3,585,527	3,935,527	2,308,454	1,034,801
Total liabilities	4,890,829	5,548,382	2,574,379	1,242,243
Contributed capital	14,900,212	13,897,200	8,772,813	6,883,904
Retained earnings	-5,945,531	-3,919,440	-1,135,795	-1,076,272
Total equity	8,954,681	9,977,760	7,637,018	5,807,631
Total equity and liabilities	13,845,510	15,526,142	10,211,397	7,049,875

Classification

21st company classification

BETA

Scaleup

Type of organization

Limited company

Classification of institutional sector

INNL

Domestic sectors

A_IKKE-FIN

Non-financial corporations

2100

Private non-financial incorporated enterprises

CYCLED TECHNOLOGIES AS917 867 771