SELSTAD AS • 937029349 • Måløy • Manufacture of textiles

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Industry and manufacturing

/ 13.940 Manufacture of cordage, rope, twine and rugs

SELSTAD AS

Keywords

productionsail netsropesropeworksnetsfishing netsship fendersbumperscargo slings

Organization

CEO: HS
Hans-Petter Selstad1960
Chairman of the board: AJ
Agnar Johan Lyng1963
Years since formation: 30 years; since Feb 19, 1995
Type: Limited company
VAT registered: Yes
Number of employees: 229

Ownership

Number of shares and share classes: 221,000; 1 share class
Total number of shareholders: 15; 1 company, 14 persons
Belongs to group of

Financials

Total operating income 2024: 528,442,834; NOK
Annual total result 2024: -6,744,350; NOK
Total equity 2024: 89,370,485; NOK

Last update: Sep 13, 2025

Management

Management / administration

Name	Role	Shares
HS Hans-Petter Selstad 1960	Managing Director/CEO	51.24 % indirectly

Board

Name	Role	Shares
AJ Agnar Johan Lyng 1963	Chairman	-
CE Carl Erik Arnesen 1957	Board Member	-
PR Per Roar Bøstrand Gjerde 1967	Board Member	-
MS Marit Selstad 1990	Board Member	-
EE Elisabeth Elliott Midtgård 1985	Board Member	-

Others

Name	Role	Shares
P PRICEWATERHOUSECOOPERS AS	Auditor	-

Top 10 individual shareholders

Name	Role	Shares
HS Hans-Petter Selstad 1960	Managing Director/CEO	51.24 % indirectly
AS Arve Selstad 1963	-	10.63 % indirectly
EM Egil Meland 1956	-	4.56 % indirectly
TM Trude Meland 1981	-	2.12 % indirectly
AM Anne-Stine Meland 1979	-	2.12 % indirectly
TS Tor Selstad 1959	-	1.11 % indirectly
BS Bjørn Selstad 1968	-	1.11 % indirectly
HJ Håkon Jan Vederhus 1956	-	1.09 % directly

Last update: Jan 15, 2025

Ownership

Company shareholders

Name	Share class	Total number of shares	Share
S SELSTAD HOLDING AS	Ordinary shares	212,756	96.27 %
HJ Håkon Jan Vederhus 1956	Ordinary shares	2,414	1.09 %
PO Petter Oksholen 1974	Ordinary shares	2,172	0.98 %
EE Erik Engebretsen 1984	Ordinary shares	501	0.23 %
KR Knut Reed 1975	Ordinary shares	454	0.21 %
RC Rune Carl Vamråk 1962	Ordinary shares	454	0.21 %
TL Trond Lillebø 1969	Ordinary shares	368	0.17 %
JO Jan Oddvar Hopland 1964	Ordinary shares	264	0.12 %
KR Kristian Reed 1981	Ordinary shares	264	0.12 %
KL Kennet Lyster 1964	Ordinary shares	264	0.12 %
SI Steinar Ivan Hansen 1964	Ordinary shares	264	0.12 %
KH Kjetil Holvik 1981	Ordinary shares	249	0.11 %
SA Sylwia Anna Radomska Hagen 1971	Ordinary shares	192	0.09 %
KS Knut Steffen Solvåg 1983	Ordinary shares	192	0.09 %
MS Marit Selstad 1990	Ordinary shares	192	0.09 %

Shares owned by the SELSTAD AS

Name	Share class	Total number of shares	Share
A AFRINET HOLDING AS	A-shares	100	100 %
W WESTMARIN AS	Ordinary shares	850	85 %
P PREPLAST EIENDOM AS	Ordinary shares	320	45.07 %
N NORCLEAN TECHNOLOGY AS	Ordinary shares	300	40 %
F FOSNOT AS	Ordinary shares	594	36 %
M MÅLØY MARITIME GROUP AS	Ordinary shares	30	5.88 %
M MÅLØY ADVENTURE AS	Ordinary shares	1,566	5.61 %
M MÅLØY VEKST AS	Class B shares	39	4.59 %
T TANGO SEAWEED AS	Ordinary shares	125	3.27 %
M MÅLØY SPISKAMMERS AS	Ordinary shares	1,500	2.5 %
L LOFOTSTAND AS	Ordinary shares	10	1.58 %
K KYSTVEGEN MÅLØY- FLORØ AS	Ordinary shares	10	0.75 %

Last update: Jun 2, 2025

Group structure

MHI AS
Total operating income 2024: NOK 0
Operating profit 2024: NOK -149,582
Employees: 0

Financials

in NOK

Summary

Year	2024	2023	2022	2021
Total operating income	528,442,834	652,540,492	625,566,314	575,218,000
Annual Total Result	-6,744,350	10,922,115	10,039,312	25,857,000
Total assets	365,921,742	368,332,000	378,674,016	327,493,000
Total liabilities	276,551,256	272,217,166	278,481,296	222,339,000
Total equity	89,370,485	96,114,836	100,192,721	105,153,000

P&L

Year	2024	2023	2022	2021
Total operating income	528,442,834	652,540,492	625,566,314	575,218,000
Total operating costs	527,097,289	629,961,768	611,795,976	538,219,000
Operating result	1,345,545	22,578,724	13,770,338	36,999,000
Financial income/costs	-9,755,380	-8,059,101	-606,445	-3,810,000
Profit before tax	-8,409,835	14,519,623	13,163,893	33,189,000
Total tax & extraordinary income/cost	-1,665,485	3,597,508	3,124,581	7,332,000
Annual Total Result	-6,744,350	10,922,115	10,039,312	25,857,000

Balance overview

Year	2024	2023	2022	2021
Total fixed assets	120,791,465	122,092,804	97,551,515	64,851,000
Total current assets	245,130,277	246,239,196	281,122,501	262,642,000
Total assets	365,921,742	368,332,000	378,674,016	327,493,000
Short term debt	136,106,191	122,766,954	150,814,048	121,140,000
Long term debt	140,445,065	149,450,212	127,667,248	101,199,000
Total liabilities	276,551,256	272,217,166	278,481,296	222,339,000
Contributed capital	28,346,918	28,346,918	28,346,918	28,347,000
Retained earnings	61,023,567	67,767,918	71,845,803	76,806,000
Total equity	89,370,485	96,114,836	100,192,721	105,153,000
Total equity and liabilities	365,921,741	368,332,002	378,674,017	327,492,000

Classification

Category

Industry and manufacturing

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

C

Main industrial area

Manufacturing

13

Activity

Manufacture of textiles

13.9

Main industrial group

Manufacture of other textiles

13.94

Industrial group

Manufacture of cordage, rope, twine and rugs

13.940

Industrial group

Manufacture of cordage, rope, twine and rugs