S. UGELSTAD INVEST AS

Operating

Investeringer i selskaper og verdipapirer, samt annet som naturlig passer inn.

Investeringer i selskaper og verdipapirer.

Organization

CEO: PF
Per Frithjof Lorange1974
Chairman of the board: PL
Peter Lorange1943
Years since formation: 19 years; since Jan 15, 2007
Type: Limited company
VAT registered: No
Number of employees: 0

Ownership

Number of shares and share classes: 100; 2 share classes
Total number of shareholders: 3; persons
Belongs to group of

Financials

Annual total result 2025: 1,303,439; NOK
Total equity 2025: 86,999,925; NOK

Last update: Aug 20, 2026

Management

Management / administration

Name	Role	Shares
PF Per Frithjof Lorange 1974	Managing Director/CEO	-

Board

Name	Role	Shares
PL Peter Lorange 1943	Chairman	-
PF Per Frithjof Lorange 1974	Board Member	-
AS Anne Sophie Lorange Lervik 1977	Board Member	-
AE Anne Elisabeth Lorange 1951	Alternate Member	-
FL Frode Lervik 1967	Alternate Member	-
KA Kristin Aker Lorange 1980	Alternate Member	-
RB Rune Bakke 1960	Board Member	-

Others

Name	Role	Shares
A AGDER-TEAM REVISJON AS	Auditor	-
F FGH BUSINESS MANAGEMENT AS	Accountant	-

Top 10 individual shareholders

Name	Role	Shares
FL Frithjof Lorange Per 1974	-	49 % directly
SL Sophie Lorange Lervik Anne 1977	-	49 % directly
LP Lorange Peter 1943	-	2 % directly

Last update: Oct 21, 2025

Ownership

Company shareholders

Name	Share class	Total number of shares	Share
FL Frithjof Lorange Per 1974	Class B shares	49	49 %
SL Sophie Lorange Lervik Anne 1977	Class B shares	49	49 %
LP Lorange Peter 1943	A-shares	2	2 %

Shares owned by the S. UGELSTAD INVEST AS

Name	Share class	Total number of shares	Share
S S. UGELSTAD AS	Ordinary shares	5	100 %
A AKSJESELSKAPET CHRISTIANIA EIENDOMSSELSKAP	Ordinary shares	93	93 %
N NOVELTY FOOD AS	Ordinary shares	416,693	30.61 %
B BGN INVEST AS	Ordinary shares	66,461	28.57 %
D DELTAGER AS	Ordinary shares	11,631,992	27.91 %
P PALATINE HILL AS	Ordinary shares	191	11.41 %
V VGAN CHOCOLATE AS	Ordinary shares	12,536	10.98 %
B BOOKIS AS	Ordinary shares	89,225	9.18 %
L LANCING CAPITAL AS	Ordinary shares	331	8.19 %
P PREFERRED GLOBAL HEALTH AS Under liquidation	Ordinary shares	654,027	3.84 %
V VARRO INVEST 1 IT-DRIFT AS Closed	Ordinary shares	1,510,797	3.22 %
P PRE VENTION AS	Class B shares	1,250	3.13 %
T TOPCAMP HOLDING AS	Ordinary shares	140,680	2.46 %
H HEMODX AS	Ordinary shares	850	2.41 %
R RFTANKERS IV TOPCO AS	Ordinary shares	490	2.05 %
N NORTH SEA GAS AS	Ordinary shares	200	2 %
P PRE DIAGNOSTICS AS	Ordinary shares	8,500	1.93 %
N NEW NORMAL GROUP AS	Ordinary shares	608	1.89 %
P PARBULKERS V AS	Ordinary shares	1,696	1.6 %
I ICON CAPITAL VI AS Closed	A-shares	8,820	1.48 %
M MARITIME OPTIMA AS	Ordinary shares	200,316	1.4 %
C CEMIT GROUP AS	Ordinary shares	6,825	1.4 %
K KEYSTONE EDUCATION GROUP AS	Ordinary shares	98,543	1.33 %
T TIOTECH AS	Ordinary shares	264,600	1.2 %
I ICON CAPITAL VII AS	A-shares	9,000	1.05 %
N NORWEGIAN PSV II AS	Ordinary shares	100	1 %
N NETZEROGAS AS	Preference shares	160,000	0.95 %
S SERENDIPITY PARTNERS FUND AS	Ordinary shares	10,161,961	0.87 %
I IGNITE CAPITAL FUND I AS	Class B shares	11,530,630	0.8 %
S SMART OCEAN AS	Preference shares	217,327	0.77 %
P PARTANKERS XXII AS Under liquidation	Ordinary shares	75	0.75 %
E EMPOWER NEW ENERGY AS	A-shares	29,393	0.62 %
C CURIPOD AS	Ordinary shares	29,178	0.61 %
C CRYSTALLIZE AS	Ordinary shares	92,000	0.45 %
P PARCAR AS Closed	Ordinary shares	39	0.39 %
L LABRIDA AS	Ordinary shares	391	0.33 %
R RAYVN AS	Ordinary shares	42,863	0.32 %
N NORDIC MPP AS	Ordinary shares	11,750	0.31 %
R RECHARGE HEALTH AS	Ordinary shares	13,750	0.3 %
C CAPSOL TECHNOLOGIES ASA	Ordinary shares	117,409	0.18 %
E ENDÚR ASA	Ordinary shares	30,000	0.06 %
H HEXAGON COMPOSITES ASA	Ordinary shares	80,000	0.03 %
L LINK MOBILITY GROUP HOLDING ASA	Ordinary shares	60,000	0.02 %
S SALMON EVOLUTION ASA	Ordinary shares	93,615	0.02 %
N NORDIC SEMICONDUCTOR ASA	Ordinary shares	45,000	0.02 %
O ORKLA ASA	Ordinary shares	25,350	< 0.01 %
N NORSKE SKOG ASA	Ordinary shares	11,850	< 0.01 %
H HEXAGON PURUS ASA	Ordinary shares	4,461	< 0.01 %
N NOS NOVA AS	Ordinary shares	250	< 0.01 %
B BARENTS BLUE AS	Ordinary shares	250	< 0.01 %
V VEND MARKETPLACES ASA	Ordinary shares	13,647	< 0.01 %
M MOWI ASA	Ordinary shares	2,000	< 0.01 %
T TELENOR ASA	Ordinary shares	20,000	< 0.01 %
S SAGA PURE ASA	Ordinary shares	26,538	< 0.01 %
Z ZELLUNA ASA	Ordinary shares	800	< 0.01 %
B BORREGAARD ASA	Ordinary shares	10,000	< 0.01 %

Last update: Sep 25, 2026

Group structure

S. UGELSTAD INVEST AS
Total operating income 2025: NOK 0
Operating profit 2025: NOK -6,000,371
Employees: 0

Financials

in NOK

Summary

Year	2025	2024	2023	2022	2021
Total operating income	0	0	0	0	26,149
Annual Total Result	1,303,439	10,082,950	24,662,360	-13,354,925	44,576,493
Total assets	251,897,495	254,168,064	258,731,427	241,232,753	256,735,170
Total liabilities	164,897,570	168,471,578	183,117,891	189,501,400	191,648,892
Total equity	86,999,925	85,696,486	75,613,535	51,731,353	65,086,278

P&L

Year	2025	2024	2023	2022	2021
Total operating income	0	0	0	0	26,149
Total operating costs	6,000,371	6,436,845	4,399,731	4,812,332	4,228,611
Operating result	-6,000,371	-6,436,845	-4,399,731	-4,812,332	-4,202,462
Financial income/costs	7,303,810	16,519,795	29,062,091	-8,542,593	48,778,955
Profit before tax	1,303,439	10,082,950	24,662,360	-13,354,925	44,576,493
Total tax & extraordinary income/cost	0	0	0	0	0
Annual Total Result	1,303,439	10,082,950	24,662,360	-13,354,925	44,576,493

Balance overview

Year	2025	2024	2023	2022	2021
Total fixed assets	154,563,004	176,583,619	196,709,084	185,688,908	180,838,451
Total current assets	97,334,491	77,584,444	62,022,343	55,543,845	75,896,719
Total assets	251,897,495	254,168,064	258,731,427	241,232,753	256,735,170
Short term debt	553,357	1,428,262	356,476	463,327	4,340,911
Long term debt	164,344,213	167,043,316	182,761,415	189,038,073	187,307,981
Total liabilities	164,897,570	168,471,578	183,117,891	189,501,400	191,648,892
Contributed capital	49,198,448	49,198,448	49,198,448	49,198,448	49,198,448
Retained earnings	37,801,477	36,498,038	26,415,087	2,532,905	15,887,830
Total equity	86,999,925	85,696,486	75,613,535	51,731,353	65,086,278
Total equity and liabilities	251,897,495	254,168,064	258,731,427	241,232,753	256,735,170

Classification

21st company classification

BETA

Small company

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

S. UGELSTAD INVEST AS990 730 601

S. UGELSTAD INVEST AS

Organization

Ownership

Financials

Management

Management / administration

Board

Others

Top 10 individual shareholders

Ownership

Company shareholders

Shares owned by the S. UGELSTAD INVEST AS

Group structure

Financials

Summary

P&L

Balance overview

Classification