AS · est 2017BærumParent · 1 subsidiarywas NG GROUP AS →2023
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
2 registered roles
| Daglig leder | Bjørn Arve Ofstad Multiple boards Serial CEO | 2022-05-05 | |
| Styrets leder | Hannah Gunvor Jacobsen Multiple boards Serial CEO | 2022-11-24 |
NOK, amounts in thousands
filed group accounts (konsernregnskap)
| 2024 | 2025 | ||
|---|---|---|---|
| Revenue | |||
| Operating result | −1 198 | −2 175 | |
| Result before tax | −153 528 | ||
| Net result | −151 531 |
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | ||
|---|---|---|---|---|---|---|---|
| Revenue | |||||||
| Operating result | −2 557 | −1 198 | −2 175 | ||||
| Result before tax | −162 542 | −153 528 | |||||
| Net result | −126 951 | −151 531 | |||||
| Total assets | 2 266 987 | ||||||
| Equity | 316 553 |
| 2024 | 2025 | ||
|---|---|---|---|
| Revenue | 885 977 | 1 341 623 | |
| Operating result | 15 051 | 17 902 | |
| Result before tax | −38 899 | −53 533 | |
| Net result | −38 236 | −50 972 | |
| Total assets | 1 762 633 | 1 723 813 | |
| Equity | 518 075 | 526 687 |
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | ||
|---|---|---|---|---|---|---|---|
| Revenue | 5 490 150 | 6 994 748 | 7 824 458 | 8 402 514 | 885 977 | 1 341 623 | |
| Operating result | 84 575 | 233 295 | 348 949 | 287 479 | 15 051 | 17 902 | |
| Result before tax | −271 953 | 22 801 | 32 907 | −106 881 | −38 899 | −53 533 | |
| Net result | −210 623 | 13 131 | 11 136 | −79 075 | −38 236 | −50 972 | |
| Total assets | 6 271 209 | 6 590 657 | 7 198 537 | 7 681 363 | 1 762 633 | 1 723 813 | |
| Equity | 1 281 219 | 1 267 830 | 1 283 719 | 1 474 199 | 518 075 | 526 687 |
Regnskapsregisteret · company_revenue · FY2025 (company)
register ledger · money
| 2026-07-29 | reg | accounts_filed: last_annual_accounts_year | 2024 -> 2025 |
| 2024 | 2025 | ||
|---|---|---|---|
| NG FINCO AS | — | 100 | — |
| NG MIDCO AS | 100 | — | — |
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | ||
|---|---|---|---|---|---|---|---|
| NG FINCO AS | — | — | — | — | — | 100 | — |
| NG MIDCO AS | 100 | 100 | 100 | 100 | 100 | — | — |
Ownership chain · ultimate → thisSUMMA CIRCULAR HOLDCO AS 63% →NG MIDCO AS 100% →NG HOLDCO AS 100% →NG FINCO AS 100% →self
Aksjonærregisteret · company_ownership · 2025 · both directions
register ledger · owners
| 2025-12-31 | own+ | NG FINCO AS acquired 100.0 pct | |
| 2025-12-31 | own− | NG MIDCO AS exited (held 100.0 pct) |
| 2024 | 2025 | 2026 | |
|---|---|---|---|
| auditor PRICEWATERHOUSECOOPERS AS 2026-06-23 | ● | ||
| accountant ECIT NORIAN AS 2026-06-23 | ● |
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|---|---|---|
| auditor PRICEWATERHOUSECOOPERS AS 2026-06-23 | ● | ||||||
| accountant ECIT NORIAN AS 2026-06-23 | ● |
Brreg · company_org_roles
No recorded tender wins.
Relevant open tenders — matched · NACE 38.210 ↔ CPVsubscribers sharpen matches with per-company keywords
open-tender matching (NACE ↔ CPV) awaits Intelligo's open-tenders view
Doffin/TED · company_tender_wins · 2026-08-20
No job ads on record in the last 12 months.
NAV Arbeidsplassen · company_job_ad_months
| NG Nordic AS | 100% | Materials recovery | kr 126.3M |
Aksjonærregisteret · company_ownership · 2025 · both directions
FY20253311 full-time equivalentssigned: Hannah Gunvor Jacobsen, Bjorn Arve Ofstad
Regnskapsregisteret (årsberetning) · company_annual_reports
21 notes from the report
| Going concern | The board confirms the going concern assumption in accordance with the Norwegian Accounting Act section 3-3a. | “In connection with the Accounting Act $3-3a (Regnskapsloven §3-3a), we hereby confirm going concern.” |
| Ownership | The company is wholly owned by NG FinCo AS, ultimately controlled through Summa Circular Holdco AS / Summa Equity AB. | “Norsk Gjenvinning Norge AS is wholly owned by NG FinCo AS, which again is controlled by” |
| Dividend | No dividend is proposed; the loss of MNOK 152 is transferred from other equity. | “The Board of Directors has proposed the total profit of MNOK - 152 to be transferred from other equity.” |
| Remuneration | Board remuneration of EUR 85 thousand was paid in 2025 (2024: EUR 84 thousand). | “Remuneration has been paid to the Board of NG Nordic AS of EUR 85 thousand in” |
| Remuneration | CEO Bjorn Arve Ofstad received salary 466, bonus 402 and pension 70 (EUR thousands) in 2025. | “Bjorn Arve Ofstad 466 402 70 1” |
| Pledge or guarantee | No loans or guarantees have been given to the CEO or any board member; the CEO is paid by NG Nordic AS. | “The CEOreceivesasalary and otherbenefitsfromNGNordicAS.Noloansor guaranteeshavebeengiven to either the” |
| Related party | Related-party transactions include purchases of goods and services, leasing of property and equipment, personnel, accounting, HR and IT services. | “purchase of goods and services, leasing of property, plant and equipment, administrative personnel, accounting” |
| Subsidiary | The group acquired the outstanding shares in Ostlandet Gjenvinning AS during 2025, adding its employees to headcount. | “NG Nordic purchased the outstanding shares in Ostlandet Gjenvinning AS, and the employees are now part of NG” |
| Subsidiary | NG Nordic AS acquired the Fortum Recycling & Waste Group in November 2024, with operations in Finland, Sweden, Denmark and Norway. | “In November 2024 NG Nordic AS acquired Fortum Recycling & Waste Group.” |
| Subsidiary | Two group companies, Diamant Wire Teknik AS and EC Svenska AB, were liquidated during 2025. | “Diamant Wire Teknik AS and EC Svenska AB, were liquidated.” |
| Staff numbers | Average number of employees in the group was 3 136 in 2025 (3 321 in 2024). | “Average number of employees 3136 3 321” |
| Share capital | A share capital increase of EUR 63 thousand with share premium of EUR 49 897 thousand (total EUR 49 960 thousand) was recorded in 2025. | “Share capital increase 63 49 897 49 960 49 960” |
| Deferred tax | The group is within the scope of the OECD Pillar Two rules, enacted in Norway from 1 January 2024, but expects no material top-up tax for 2025. | “The group is within the scope of the OECD Pillar Two model rules.” |
| Loan or financing | Group finance costs relate primarily to interest on bank financing, described in note 21. | “The Group's financial expenses primarily relate to interest on bank financing.See note 21 for a description and the terms” |
| Restructuring | Restructuring costs of EUR 18 956 thousand were included in other operating expenses for 2025. | “Travel and transportation costs Restructuring costs* 18 956 12 223 6038 6 404” |
| Capitalised R&D | Directly attributable development expenditure is capitalised as an intangible asset when the IAS 38 criteria are met; other development costs are expensed. | “intangible asset when all the recognition criteria in IAS 38 are met.” |
| Other | The group changed its presentation currency from NOK to EUR following the 2024 acquisitions of Fortum Recycling & Waste and P. Olesen. | “presentation currency from Norwegian kroner (NOK) to EUR. The rationale for this change is that after the acquisition of” |
| Other | Errors in the purchase price allocation were identified and corrected by adjusting opening balances of affected periods. | “During the preparation of the consolidated financial statements, the Group identified errors related to the purchase price” |
| Other | Board members and the executive committee are covered by liability insurance including defence and legal costs. | “Both the members of the Board and the executive committee are covered by Liability Insurance.” |
| Other | Three serious injuries occurred in 2025, the most severe a forklift collision causing loss of part of a leg. | “Despite an overall reduction in injuries, three serious cases were recorded during the year.” |
| Other | The holding company's equity at end-2025 was MNOK 6 249 (2024: MNOK 5 809), consisting mainly of investments in subsidiaries. | “By the end of 2025, the holding company's equity was MNOK 6 249 (2024: MNOK 5 809).” |
registered 2017-11-10
Brreg · companies
register ledger · 30 events
| 2026-07-29 | reg | accounts_filed: last_annual_accounts_year | 2024 -> 2025 |
| 2025-12-31 | report | Going concern | The board confirms the going concern assumption in accordance with the Norwegian Accounting Act section 3-3a. — In connection with the Ac... |
| 2025-12-31 | report | Ownership | The company is wholly owned by NG FinCo AS, ultimately controlled through Summa Circular Holdco AS / Summa Equity AB. — Norsk Gjenvinning... |
| 2025-12-31 | report | Dividend | No dividend is proposed; the loss of MNOK 152 is transferred from other equity. — The Board of Directors has proposed the total profit of... |
| 2025-12-31 | report | Remuneration | Board remuneration of EUR 85 thousand was paid in 2025 (2024: EUR 84 thousand). — Remuneration has been paid to the Board of NG Nordic AS... |
| 2025-12-31 | report | Remuneration | CEO Bjorn Arve Ofstad received salary 466, bonus 402 and pension 70 (EUR thousands) in 2025. — Bjorn Arve Ofstad 466 402 70 1 |
| 2025-12-31 | report | Pledge or guarantee | No loans or guarantees have been given to the CEO or any board member; the CEO is paid by NG Nordic AS. — The CEOreceivesasalary and othe... |
| 2025-12-31 | report | Related party | Related-party transactions include purchases of goods and services, leasing of property and equipment, personnel, accounting, HR and IT s... |
| 2025-12-31 | report | Subsidiary | The group acquired the outstanding shares in Ostlandet Gjenvinning AS during 2025, adding its employees to headcount. — NG Nordic purchas... |
| 2025-12-31 | report | Subsidiary | NG Nordic AS acquired the Fortum Recycling & Waste Group in November 2024, with operations in Finland, Sweden, Denmark and Norway. — In N... |
| 2025-12-31 | report | Subsidiary | Two group companies, Diamant Wire Teknik AS and EC Svenska AB, were liquidated during 2025. — Diamant Wire Teknik AS and EC Svenska AB, w... |
| 2025-12-31 | report | Staff numbers | Average number of employees in the group was 3 136 in 2025 (3 321 in 2024). — Average number of employees 3136 3 321 |
| 2025-12-31 | report | Share capital | A share capital increase of EUR 63 thousand with share premium of EUR 49 897 thousand (total EUR 49 960 thousand) was recorded in 2025. —... |
| 2025-12-31 | report | Deferred tax | The group is within the scope of the OECD Pillar Two rules, enacted in Norway from 1 January 2024, but expects no material top-up tax for... |
| 2025-12-31 | report | Loan or financing | Group finance costs relate primarily to interest on bank financing, described in note 21. — The Group's financial expenses primarily rela... |
| 2025-12-31 | report | Restructuring | Restructuring costs of EUR 18 956 thousand were included in other operating expenses for 2025. — Travel and transportation costs Restruc... |
| 2025-12-31 | report | Capitalised R&D | Directly attributable development expenditure is capitalised as an intangible asset when the IAS 38 criteria are met; other development c... |
| 2025-12-31 | report | Other | The group changed its presentation currency from NOK to EUR following the 2024 acquisitions of Fortum Recycling & Waste and P. Olesen. — ... |
| 2025-12-31 | report | Other | Errors in the purchase price allocation were identified and corrected by adjusting opening balances of affected periods. — During the pre... |
| 2025-12-31 | report | Other | Board members and the executive committee are covered by liability insurance including defence and legal costs. — Both the members of the... |
| 2025-12-31 | report | Other | Three serious injuries occurred in 2025, the most severe a forklift collision causing loss of part of a leg. — Despite an overall reducti... |
| 2025-12-31 | report | Other | The holding company's equity at end-2025 was MNOK 6 249 (2024: MNOK 5 809), consisting mainly of investments in subsidiaries. — By the en... |
| 2025-12-31 | own+ | NG FINCO AS acquired 100.0 pct | |
| 2025-12-31 | own− | NG MIDCO AS exited (held 100.0 pct) | |
| 2023-12-31 | report | Going concern | The board confirms the going concern assumption; financial statements and forecasts show no going-concern issues for the group. — we here... |
| 2023-12-31 | report | Ownership | The company is controlled by Summa Circular Holdco AS, holding 88.5 per cent of NG Midco AS. — Norsk Gjenvinning Norge AS is controlled b... |
| 2023-12-31 | report | Ownership | NG Midco AS holds 100 per cent of the company, and the ultimate control is exercised through an investment structure by Summa Equity AB. ... |
| 2023-12-31 | report | Ownership | A new shareholder entered Summa Circular AB and NG Topco AS was liquidated and replaced by Summa Circular Holdco AS. — continued their ow... |
| 2023-12-31 | report | Other | Company names were changed in March 2023 as part of strategic changes in the group. — In March 2023, due to strategic changes in the Grou... |
| 2023-12-31 | report | Subsidiary | The parent company's role is to hold and control NG Group AS and the underlying subsidiaries. — Norsk Gjenvinning Norge AS controls NG Gr... |
Skiwo · company_events