BIZTRAC BETA
COMPANY REGISTER PROFILE
993924105 ORG. NO. 2025 ACCOUNTS 8 SECTIONS
Active UPDATED 02.09.2026
Development of building projects

PORSGRUNN UTVIKLING AS

Org. no. 993924105 Limited company (AS) Porsgrunn Incorporated 2009 Active
Ownership graph ↗
Revenue 2025 NOK 1.3m
Operating profit NOK −8.1m
Equity NOK 244.1m
Incorporated 2009
Share capital NOK 21.2m

Signals

1 flags
  • Driftsunderskudd 2025 Siste driftsresultat er negativt (−8,1 mill kr).

PORSGRUNN UTVIKLING AS is registered as a limited company in Porsgrunn, Telemark with organisation number 993924105. The business is classified under development of building projects (NACE 68.120). The company was incorporated in 2009. Registered share capital is NOK 21.2m, divided into 1000 shares. The company's stated purpose is: “Erverve, opparbeide og utvikle eiendommer til bo-, fritids- og næringsformål og næringsrettet infrastruktur under hensyn til by- og næringsutvikling i kommunen. Selskapet skal i utviklingen av boligprosjekter vurdere behovet for andre eie og boformer som kan møte fremtidige behov i kommunen. Selskapet kan inngå samarbeid med aktører innen eiendomsutvikling og eiendomsdrift, herunder ved å delta i andre selskaper. Selskapet skal drives på forretningsmessig basis med en avkastning som er vanlig i bransjen.”. The most recent filed accounts, for the 2025 financial year, show NOK 1.3m in revenue and NOK −8.1m in operating profit.

Former names: PORSGRUNN KOMMUNES EIENDOMSELSKAP AS

Key figures · 2025

Revenue
NOK 1.3m
▼ −90 %
Operating profit
NOK −8.1m
▲ +3 %
Equity
NOK 244.1m
▼ −1 %
Est. value
NOK 168.7m

Financial health · 2025

Liquidity
4.97
Very good
Current assets ÷ current liabilities
Profitability
-1.5%
Not satisfactory
Return on total assets
Solidity
97.0%
Very good
Equity as a share of total capital

Who owns PORSGRUNN UTVIKLING AS?

PORSGRUNN UTVIKLING AS
NOK 1.3m rev. · NOK −8.1m profit

PORSGRUNN UTVIKLING AS has 1 registered shareholder:

All shareholders and roles →

Which companies does PORSGRUNN UTVIKLING AS own?

PORSGRUNN UTVIKLING AS holds stakes in 28 companies:

See the full ownership structure →

Frequently asked questions about PORSGRUNN UTVIKLING AS

Who owns PORSGRUNN UTVIKLING AS?

PORSGRUNN KOMMUNE is the largest registered owner, with 100.0%.

What is the revenue of PORSGRUNN UTVIKLING AS?

PORSGRUNN UTVIKLING AS had revenue of NOK 1.3m in 2025.

Who is the general manager of PORSGRUNN UTVIKLING AS?

Skule Wærstad is registered as general manager of PORSGRUNN UTVIKLING AS.

Where is PORSGRUNN UTVIKLING AS based?

PORSGRUNN UTVIKLING AS has its business address in Porsgrunn.

Property

Business address Jernbanegata 15, 3916 Porsgrunn
Cadastral unit 4001-200/1159/0/0
Building Butikkbygning · 1 unit

35 companies are registered at this address.

The address this company is registered at, from the company register and matched against the cadastre. It does not say who owns the property — a company may be a tenant, and the address is often its accountant's. Source: Brønnøysundregistrene and © Kartverket.

Source: Biztrac.no · Data from the Brønnøysund Register Centre and the Norwegian Tax Administration · Last updated 02.09.2026.

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