FRES UTVIKLING AS
Organization
- CEO
- ES
Espen Sørgen1974
- Chairman of the board
- FT
Frode Tangsveen1968
- Years since formation
- 12 years
- since Nov 12, 2013
- Type
- Limited company
- VAT registered
- Yes
- Number of employees
- 0
Ownership
- Number of shares and share classes
- 200
- 1 share class
- Total number of shareholders
- 2
- persons
Financials
- Total operating income 2024
- 547,539
- NOK
- Annual total result 2024
- -322,933
- NOK
- Total equity 2024
- -862,525
- NOK
Last update: Sep 9, 2025
Management
Management / administration
| Name | Role | Shares |
|---|---|---|
ES 1974 | Managing Director/CEO | 50 % directly |
Board
| Name | Role | Shares |
|---|---|---|
FT 1968 | Chairman | 50 % directly |
ES 1974 | Board Member | 50 % directly |
Others
| Name | Role | Shares |
|---|---|---|
| Accountant | - |
Top 10 individual shareholders
| Name | Role | Shares |
|---|---|---|
ES 1974 | Managing Director/CEO, Board Member | 50 % directly |
FT 1968 | Chairman | 50 % directly |
Last update: Apr 13, 2023
Ownership
Company shareholders
| Name | Share class | Total number of shares | Share |
|---|---|---|---|
ES 1974 | Ordinary shares | 100 | 50 % |
FT 1968 | Ordinary shares | 100 | 50 % |
Last update: Jun 2, 2025
Financials
in NOK
Summary
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total operating income | 547,539 | 846,135 | 768,254 | 633,076 |
Annual Total Result | -322,933 | -407,952 | -176,609 | -274,176 |
Total assets | 7,419,053 | 7,286,748 | 4,865,956 | 7,863,458 |
Total liabilities | 8,281,577 | 7,826,339 | 4,997,595 | 7,818,489 |
Total equity | -862,525 | -539,592 | -131,639 | 44,969 |
P&L
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total operating income | 547,539 | 846,135 | 768,254 | 633,076 |
Total operating costs | 464,341 | 1,042,074 | 794,072 | 774,770 |
Operating result | 83,198 | -195,939 | -25,819 | -141,695 |
Financial income/costs | -497,214 | -327,243 | -200,639 | -209,511 |
Profit before tax | -414,016 | -523,182 | -226,458 | -351,206 |
Total tax & extraordinary income/cost | -91,083 | -115,230 | -49,849 | -77,030 |
Annual Total Result | -322,933 | -407,952 | -176,609 | -274,176 |
Balance overview
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total fixed assets | 7,231,483 | 7,007,464 | 3,047,022 | 6,137,221 |
Total current assets | 187,570 | 279,284 | 1,818,934 | 1,726,237 |
Total assets | 7,419,053 | 7,286,748 | 4,865,956 | 7,863,458 |
Short term debt | 90,443 | 181,018 | 282,498 | 402,972 |
Long term debt | 8,191,134 | 7,645,321 | 4,715,097 | 7,415,518 |
Total liabilities | 8,281,577 | 7,826,339 | 4,997,595 | 7,818,489 |
Contributed capital | 192,500 | 192,500 | 192,500 | 192,500 |
Retained earnings | -1,055,025 | -732,092 | -324,139 | -147,531 |
Total equity | -862,525 | -539,592 | -131,639 | 44,969 |
Total equity and liabilities | 7,419,053 | 7,286,748 | 4,865,956 | 7,863,458 |
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