AS · est 2016BærumParent · 1 subsidiarywas MMN HOLDING AS →2025
Brreg · companies
headcount series appears after two register changes
Roles from Brreg, shown for business contact only. No birth date is shown or exported (purpose limitation, GDPR Art. 6(1)(f)).
Brreg · company_people
4 registered roles
| Styrets leder | Runar Kvåle Multiple boards | 2026-01-14 | |
| Styremedlem | Rune Flengsrud | 2026-01-14 | |
| Styremedlem | Ask Teigen Aas | 2026-01-14 | |
| Styremedlem | Thomas Melheim Multiple boards | 2026-01-14 |
NOK, amounts in thousands
| 2024 | 2025 | ||
|---|---|---|---|
| Revenue | |||
| Operating result | −811 | ||
| Result before tax | 0 | ||
| Net result | 0 | ||
| Total assets | 360 557 | ||
| Equity | 360 557 |
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | ||
|---|---|---|---|---|---|---|---|
| Revenue | |||||||
| Operating result | −367 | −352 | −696 | −624 | −811 | ||
| Result before tax | −1 090 | −470 | 102 000 | 0 | 0 | ||
| Net result | −850 | −367 | 102 000 | 0 | 0 | ||
| Total assets | 310 593 | 310 028 | 311 727 | 327 188 | 360 557 | ||
| Equity | 184 169 | 183 802 | 183 802 | 183 802 | 360 557 |
Regnskapsregisteret · company_revenue · FY2024 (company)
register ledger · money
| 2026-08-12 | reg | accounts_filed: last_annual_accounts_year | 2024 -> 2025 |
| 2024 | 2025 | ||
|---|---|---|---|
| AARS INVEST AS | 94 | 75 | — |
| VAKÅS INVEST AS | 6 | — | — |
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | ||
|---|---|---|---|---|---|---|---|
| AARS INVEST AS | 90 | 90 | 90 | 90 | 94 | 75 | — |
| VAKÅS INVEST AS | 10 | 10 | 10 | 10 | 6 | — | — |
Aksjonærregisteret · company_ownership · 2025 · both directions
register ledger · owners
| 2025-12-31 | own− | VAKÅS INVEST AS exited (held 5.6 pct) |
| 2024 | 2025 | 2026 | |
|---|---|---|---|
| auditor PRICEWATERHOUSECOOPERS AS 2026-06-23 | ● | ||
| accountant — |
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|---|---|---|
| auditor PRICEWATERHOUSECOOPERS AS 2026-06-23 | ● | ||||||
| accountant — |
Brreg · company_org_roles
No recorded tender wins.
Relevant open tenders — matched · NACE 43.210 ↔ CPVsubscribers sharpen matches with per-company keywords
open-tender matching (NACE ↔ CPV) awaits Intelligo's open-tenders view
Doffin/TED · company_tender_wins · 2026-08-17
No job ads on record in the last 12 months.
NAV Arbeidsplassen · company_job_ad_months
Web · company_sites
Group revenue kr 521.3MGroup net kr 2.16MTenders won 0Rolled up across the parent + 1 subsidiary — Function AS alone is kr 521.3M.
rollup estimate · filed konsernregnskap not yet in Intelligo
| Function AS | 100% | Wholesale of other machinery and equipment | kr 521.3M |
Aksjonærregisteret · company_ownership · 2025 · both directions
FY2024audit: No reservationsPricewaterhouseCoopers ASsigned: Runar Kvale, Ask Teigen Aas, Camilla Louise Landsnes Sjuve, Rune Flengsrud
Regnskapsregisteret (årsberetning) · company_annual_reports
16 notes from the report
| Audit opinion | PricewaterhouseCoopers AS, by state authorised auditor Chris Håvard Jakobsen, issued the independent auditor's report dated 20 March 2025 without any reported reservations. | “Uavhengig revisors beretning” |
| Going concern | The board confirms that the going concern assumption is present and has been used as basis for the accounts. | “Styret bekrefter at forutsetningen om fortsatt drift er til stede og lagt til grunn ved utarbeidelse av” |
| Subsidiary | The company owns 100% of the shares in Function AS and conducts no other activity. | “Function GroupAS eier 100%avaksjene iFunction AS og driver ingen virksomhet utover dette” |
| Other | Micro Matic Norge AS handles the day-to-day business administration for the company. | “Micro Matic Norge AS forestar den lopende forretningsforselen for selskapet.” |
| Share capital | Share capital of NOK 3,554,600 divided into 17,773 shares of NOK 200 each. | “Aksjekapitalen pa kr. 3 554 600 bestar av 17 773 aksjer a kr. 200.” |
| Related party | A capital increase was carried out in 2024 in which the parent company Aars Invest AS subscribed for all the new shares. | “Selskapet hari 2024 gjennomfort kapitalforhoyelse der morselskapet Aars Invest AS har tegnet seg for alle” |
| Ownership | The consolidated accounts including the company are available from Aars AS in Oslo. | “Aars AS har forretningskontor iBygdoy alle 4,0257 OSLO, hvor en kan fa utlevert konsernregnskap der” |
| Pledge or guarantee | The company is jointly and severally liable for a loan of MNOK 215 granted to the subsidiary Function AS. | “*Selskapet er solidarisk ansvarlig for et lan avgittil datterselskapet Function AS pa kr MNOK 215” |
| Dividend | The annual result was NOK 0, so there is no allocation affecting equity and no dividend. | “Aretsresultat iselskapet erkrO,ogmedforer dermed ingen disponering overegenkapitalen.Total” |
| Loan or financing | Long-term group debt was reduced from NOK 127.7 million to NOK 0 during the year. | “kr 127,7 millioner til kr 0.” |
| Deferred tax | No deferred tax asset is recognised because historical results create doubt that future taxable profits will be sufficient to utilise it. | “Begrunnelsen for at utsatt skattefordel ikke er balansefort er at historiske resultater skaper tvil om at” |
| Capitalised R&D | The company had no material research and development costs in 2024. | “Selskapet har ikke hatt vesentlige kostnader til forsknings- og utviklingsaktiviteter i 2024.” |
| Other | The subsidiary changed its name in 2024 from Micro Matic Norge AS to Function AS, and its equity/result figures are taken from the 2023 accounts since 2024 accounts were not yet filed. | “Function AS endret selskapsnavni2024.Datterselskapet het tidligere Micro Matic Norge AS.Resultat og” |
| Other | Total equity at end of 2024 was NOK 360.6 million, equal to an equity ratio of 100%. | “egenkapitalvedutgangenav2024erkr360,6millioner.Dette tilsvareren egenkapitalandelpa100%” |
| Other | The board notes uncertainty about how markets, customers, suppliers and exchange rates will develop in 2025. | “hvordan markeder,kunder,leverandorer,valutakurser m.m.vil utvikle seg i 2025og saledes pavirke” |
| Other | The subsidiary was re-certified as Miljøfyrtårn (Eco-Lighthouse) in 2024 as part of its sustainability work. | “arbeidet innen baerekraft som del av denhelhetlige strategien til selskapet.Datterselskapet ble resertifisert som Miljofyrtarn i 2024.” |
registered 2016-03-14
Brreg · companies
register ledger · 30 events
| 2026-08-12 | reg | accounts_filed: last_annual_accounts_year | 2024 -> 2025 |
| 2025-12-31 | own− | VAKÅS INVEST AS exited (held 5.6 pct) | |
| 2024-12-31 | report | Audit opinion | PricewaterhouseCoopers AS, by state authorised auditor Chris Håvard Jakobsen, issued the independent auditor's report dated 20 March 2025... |
| 2024-12-31 | report | Going concern | The board confirms that the going concern assumption is present and has been used as basis for the accounts. — Styret bekrefter at foruts... |
| 2024-12-31 | report | Subsidiary | The company owns 100% of the shares in Function AS and conducts no other activity. — Function GroupAS eier 100%avaksjene iFunction AS og ... |
| 2024-12-31 | report | Other | Micro Matic Norge AS handles the day-to-day business administration for the company. — Micro Matic Norge AS forestar den lopende forretni... |
| 2024-12-31 | report | Share capital | Share capital of NOK 3,554,600 divided into 17,773 shares of NOK 200 each. — Aksjekapitalen pa kr. 3 554 600 bestar av 17 773 aksjer a kr... |
| 2024-12-31 | report | Related party | A capital increase was carried out in 2024 in which the parent company Aars Invest AS subscribed for all the new shares. — Selskapet hari... |
| 2024-12-31 | report | Ownership | The consolidated accounts including the company are available from Aars AS in Oslo. — Aars AS har forretningskontor iBygdoy alle 4,0257 O... |
| 2024-12-31 | report | Pledge or guarantee | The company is jointly and severally liable for a loan of MNOK 215 granted to the subsidiary Function AS. — *Selskapet er solidarisk ansv... |
| 2024-12-31 | report | Dividend | The annual result was NOK 0, so there is no allocation affecting equity and no dividend. — Aretsresultat iselskapet erkrO,ogmedforer derm... |
| 2024-12-31 | report | Loan or financing | Long-term group debt was reduced from NOK 127.7 million to NOK 0 during the year. — kr 127,7 millioner til kr 0. |
| 2024-12-31 | report | Deferred tax | No deferred tax asset is recognised because historical results create doubt that future taxable profits will be sufficient to utilise it.... |
| 2024-12-31 | report | Capitalised R&D | The company had no material research and development costs in 2024. — Selskapet har ikke hatt vesentlige kostnader til forsknings- og utv... |
| 2024-12-31 | report | Other | The subsidiary changed its name in 2024 from Micro Matic Norge AS to Function AS, and its equity/result figures are taken from the 2023 a... |
| 2024-12-31 | report | Other | Total equity at end of 2024 was NOK 360.6 million, equal to an equity ratio of 100%. — egenkapitalvedutgangenav2024erkr360,6millioner.Det... |
| 2024-12-31 | report | Other | The board notes uncertainty about how markets, customers, suppliers and exchange rates will develop in 2025. — hvordan markeder,kunder,le... |
| 2024-12-31 | report | Other | The subsidiary was re-certified as Miljøfyrtårn (Eco-Lighthouse) in 2024 as part of its sustainability work. — arbeidet innen baerekraft ... |
| 2022-12-31 | report | Audit opinion | PwC issued an unmodified opinion on the 2022 financial statements. — oppfyller arsregnskapet gjeldende lovkrav, og |
| 2022-12-31 | report | Going concern | The board confirms the going concern assumption is appropriate and applied. — Styret bekrefter at forutsetningen om fortsatt drift er til... |
| 2022-12-31 | report | Subsidiary | MMN Holding AS owns 100% of Micro Matic Norge AS and has no other activity than this ownership. — MMN HoldingASeier 100%av aksjenei Micro... |
| 2022-12-31 | report | Ownership | The parent company is Aars AS in Oslo, where the consolidated accounts including the company can be obtained. — Morselskapet Aars AS har ... |
| 2022-12-31 | report | Share capital | Share capital of NOK 2,000,000 consists of 10,000 shares of NOK 200. — Aksjekapitalen pa kr. 2 000 000 bestar av 10 000 aksjer a kr. 200. |
| 2022-12-31 | report | Dividend | Following refinancing and dividend received from the subsidiary, a total dividend of NOK 102m was paid to owners AARS Invest AS and Vakas... |
| 2022-12-31 | report | Related party | The company covers its liquidity needs through an intra-group facility from subsidiary Micro Matic Norge AS. — Selskapetdekkersittlikvidi... |
| 2022-12-31 | report | Loan or financing | The intra-group facility was increased by NOK 50m in 2022 to repay the remaining NOK 53m loan with Nordea. — somi2022bleutvidetmed50Mfort... |
| 2022-12-31 | report | Related party | Group contribution from the subsidiary offset an otherwise negative result for the year. — konsernbidragfradattersomoppveietforetellersne... |
| 2022-12-31 | report | Staff numbers | The company has no employees; the board consists of two women and two men. — Det er ingen ansattei selskapet.Styret bestar av 2 kvinner o... |
| 2022-12-31 | report | Deferred tax | The deferred tax asset of 88,241 is not recognised because historic results cast doubt on sufficient future taxable profits. — Begrunnels... |
| 2022-12-31 | report | Capitalised R&D | The company had no material research and development costs in 2022. — Selskapet harikkehattvesentligekostnader til forsknings-ogutvikling... |
Skiwo · company_events