BIZTRAC BETA
Machining of metals

POLAR GRENLAND AS

Org. no. 991026142 Limited company (AS) Porsgrunn Incorporated 2007 Active
Ownership graph ↗
Revenue 2024 NOK 16.5m
Operating profit NOK −1.8m
Equity NOK 3.2m
Incorporated 2007
Employees 18
Share capital NOK 450,000

Signals

1 flags
  • Driftsunderskudd 2024 Siste driftsresultat er negativt (−1,8 mill kr).

POLAR GRENLAND AS is registered as a limited company in Porsgrunn, Telemark with organisation number 991026142. The business is classified under machining of metals (NACE 25.530). The company was incorporated in 2007 and has 18 registered employees. Registered share capital is NOK 450,000, divided into 947 shares. The company's stated purpose is: “Blikk arbeider, industri vedlikehold, sveising og arbeid innen maskinindustri og skipsindustri, samt annen virksomhet som naturlig faller sammen med dette, herunder å delta i andre selskaper med lignende virksomhet, og kjøp og salg av aksjer eller på annen måte gjøre seg interessert i andre foretagende.”. The most recent filed accounts, for the 2024 financial year, show NOK 16.5m in revenue and NOK −1.8m in operating profit.

Key figures · 2024

Revenue
NOK 16.5m
Operating profit
NOK −1.8m
Equity
NOK 3.2m
Est. value
NOK 10.5m

Financial health · 2024

Liquidity
1.99
Good
Current assets ÷ current liabilities
Profitability
Not available
Return on total assets
Solidity
56.0%
Very good
Equity as a share of total capital

Who owns POLAR GRENLAND AS?

OLAV ANDREAS RUUD
POLAR GRENLAND AS
NOK 16.5m rev. · NOK −1.8m profit

POLAR GRENLAND AS has 2 registered shareholders:

All shareholders and roles →

Frequently asked questions about POLAR GRENLAND AS

Who owns POLAR GRENLAND AS?

OLAV ANDREAS RUUD is the largest registered owner, with 52.1%.

What is the revenue of POLAR GRENLAND AS?

POLAR GRENLAND AS had revenue of NOK 16.5m in 2024.

Who is the general manager of POLAR GRENLAND AS?

Olav Andreas Ruud is registered as general manager of POLAR GRENLAND AS.

Where is POLAR GRENLAND AS based?

POLAR GRENLAND AS has its business address in Porsgrunn.

Source: Biztrac.no · Data from the Brønnøysund Register Centre and the Norwegian Tax Administration · Last updated 15.06.2026.

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