Private · Company · Aksjeselskap

SANDWATER FUND I AS

927 475 219 ↗Other investment companies, except captive companies · NACE 64.312Oslo
ActiveRegistered 2021Parent · 1 subsidiarySimilar companies →
Status
● Active
Founded
2021
Group net
kr -142.3M
Structure
Parent · 1 subsidiary
End-investments
15 companies
Via
4 holdco layers
↳ Brreg · companies
Parent of 1 companySANDWATER INVEST AS

Group financialsNOK

One filed year on record — the trend appears when a second year is published.
Regnskapsregisteret · company_revenue

Job ads on NAV Arbeidsplassen12 MO

No job ads on record in the last 12 months.
NAV Arbeidsplassen · company_job_ad_months

Public contracts · won → est. expiryaward dates from Doffin/TED · hatched = our estimate, end dates aren't published

0 wins
Doffin/TED · company_tender_wins

Key figuresBrønnøysund

FY24FY25TREND
Revenue0M
Operating result-33M-32M
Net result-37M-133M
Regnskapsregisteret · company_revenue

MoneyNOK

Group revenue
Group net
kr -142.3M
Tenders won
0
Rolled up across the parent + 1 subsidiary — SANDWATER INVEST AS alone is —.
rollup estimate · filed konsernregnskap not yet in Intelligo
Regnskapsregisteret · rollup across ownership edges (estimate)

Activitylast 24 mo

No job-ad activity on file
totals on file · ads-over-time series not yet in Intelligo
Registry changes
Capital change · share_capital86708503.4 → 91809003.62026-07-31
Accounts filed · last_annual_accounts_year2024 → 20252026-07-28
NAV + JobStream · company_hiring · Brreg · company_changes

Portfolio · resolved to end-investments

Show flat list
Ownership followed through every holdco layer — you land on the operating company, not the shell. Effective stake = product along the chain.
CompanyStakeRevenueResultEmpLast event
14.2%kr -39.2M
Registry · 2026-07-24
24.7%kr 30.1Mkr -63.1M15
Registry · 2026-07-24
ANTEC BOO ASvia 1 layer
24.7%kr -148k
Registry · 2026-07-23
RØRVIK BIOGASS ASvia 2 layers
17.3%kr -22k
VEST BIOGASS ASvia 2 layers
23.5%kr -2.45M
Registry · 2026-07-23
VEST BIOGASS EIENDOM ASvia 3 layers
23.5%kr 837kkr 793k
Annual report · 2025-12-31
12.7%kr -39k
Registry · 2026-07-28
20.8%kr -46.2M
Registry · 2026-07-30
GRUNT AS
19.2%kr 13.5Mkr -17.5M27
Registry · 2026-06-13
MALM BIOGASS ASvia 2 layers
19.2%kr 50kkr -95k
Registry · 2026-07-23
10.3%kr 181.3Mkr -45M82
Registry · 2026-07-25
11.2%
Registry · 2026-07-27
25%
100%kr -29k
Registry · 2026-06-30
WREPIT AS
6.2%kr 6.99Mkr -2.57M6
Registry · 2026-06-11
Aksjonærregisteret edges · portfolio_edges · latest cap table
■ end-investment — an operating company● pass-through holdcoeffective stake = product along the chain

From the FY2025 accounts

FILEDAccounts filed for FY2025.
AUDITAudited by PRICEWATERHOUSECOOPERS AS.
GROUPFiles as a parent with 1 subsidiaries.
Regnskapsregisteret + Brreg roles · the annual-report PDF is a paid Brønnøysund document, so these are the filed facts, not extracted prose

Portfolio timeline15 companies

CYTOVATION ASA — accounts_filed: last_annual_accounts_year2024 -> 2025Registry · 2026-07-30
CYTO INVEST AS — accounts_filed: last_annual_accounts_year2024 -> 2025Registry · 2026-07-28
SANDWATER FUND I 1X AS — audit_opt_out: audit_opt_out_date2025-05-15Registry · 2026-07-27
NOFENCE AS — employees_change: employees88 -> 82Registry · 2026-07-25
1X HOLDING AS — accounts_filed: sisteInnsendteAarsregnskap2024 -> 2025Registry · 2026-07-24
ANTEC BIOGAS AS — accounts_filed: sisteInnsendteAarsregnskap2024 -> 2025Registry · 2026-07-24
MALM BIOGASS AS — accounts_filed: sisteInnsendteAarsregnskap2024 -> 2025Registry · 2026-07-23
VEST BIOGASS AS — field_change: registreringsdatoAntallAnsatteEnhetsregisteret2026-04-13 -> 2026-07-15Registry · 2026-07-23
ANTEC BOO AS — accounts_filed: sisteInnsendteAarsregnskap2024 -> 2025Registry · 2026-07-23
VEST BIOGASS AS — accounts_filed: sisteInnsendteAarsregnskap2024 -> 2025Registry · 2026-07-23
VEST BIOGASS AS — field_change: registreringsdatoAntallAnsatteNAVAaregisteret2026-04-10 -> 2026-07-10Registry · 2026-07-23
NOFENCE AS — field_change: registreringsdatoAntallAnsatteEnhetsregisteret2026-06-13 -> 2026-07-15Registry · 2026-07-18
NOFENCE AS — field_change: registreringsdatoAntallAnsatteNAVAaregisteret2026-06-10 -> 2026-07-10Registry · 2026-07-18
NOFENCE AS — employee_change: antallAnsatte88 -> 82Registry · 2026-07-18
NOFENCE AS — field_change: registreringsdatoAntallAnsatteEnhetsregisteret2026-05-12 -> 2026-06-13Registry · 2026-07-01
NOFENCE AS — employee_change: antallAnsatte86 -> 88Registry · 2026-07-01
NOFENCE AS — field_change: registreringsdatoAntallAnsatteNAVAaregisteret2026-05-10 -> 2026-06-10Registry · 2026-07-01
SANDWATER INVEST AS — accounts_filed: sisteInnsendteAarsregnskap2024 -> 2025Registry · 2026-06-30
ANTEC BIOGAS AS — employee_change: antallAnsatte16 -> 15Registry · 2026-06-13
ANTEC BIOGAS AS — field_change: registreringsdatoAntallAnsatteEnhetsregisteret2026-01-12 -> 2026-06-11Registry · 2026-06-13
GRUNT AS — field_change: registreringsdatoAntallAnsatteEnhetsregisteret2026-04-14 -> 2026-06-11Registry · 2026-06-13
GRUNT AS — field_change: registreringsdatoAntallAnsatteNAVAaregisteret2026-04-10 -> 2026-06-10Registry · 2026-06-13
ANTEC BIOGAS AS — field_change: registreringsdatoAntallAnsatteNAVAaregisteret2026-01-10 -> 2026-06-10Registry · 2026-06-13
GRUNT AS — employee_change: antallAnsatte28 -> 27Registry · 2026-06-13
WREPIT AS — accounts_filed: sisteInnsendteAarsregnskap2024 -> 2025Registry · 2026-06-11
NOFENCE AS — Finance & Accounting SpecialistBank finans forsikring — OSLOJob ad · 2026-05-29
NOFENCE AS — field_change: registreringsdatoAntallAnsatteNAVAaregisteret2026-04-10 -> 2026-05-10Registry · 2026-05-14
NOFENCE AS — employee_change: antallAnsatte87 -> 86Registry · 2026-05-14
NOFENCE AS — field_change: registreringsdatoAntallAnsatteEnhetsregisteret2026-04-14 -> 2026-05-12Registry · 2026-05-14
GRUNT AS — field_change: registreringsdatoAntallAnsatteEnhetsregisteret2026-02-12 -> 2026-04-14Registry · 2026-04-16
GRUNT AS — field_change: registreringsdatoAntallAnsatteNAVAaregisteret2026-02-10 -> 2026-04-10Registry · 2026-04-16
GRUNT AS — employee_change: antallAnsatte29 -> 28Registry · 2026-04-16
NOFENCE AS — field_change: registreringsdatoAntallAnsatteNAVAaregisteret2026-03-10 -> 2026-04-10Registry · 2026-04-15
NOFENCE AS — field_change: registreringsdatoAntallAnsatteEnhetsregisteret2026-03-12 -> 2026-04-14Registry · 2026-04-15
NOFENCE AS — employee_change: antallAnsatte81 -> 87Registry · 2026-04-15
NOFENCE AS — employee_change: antallAnsatte78 -> 81Registry · 2026-03-13
NOFENCE AS — field_change: registreringsdatoAntallAnsatteNAVAaregisteret2026-02-10 -> 2026-03-10Registry · 2026-03-13
NOFENCE AS — field_change: registreringsdatoAntallAnsatteEnhetsregisteret2026-02-12 -> 2026-03-12Registry · 2026-03-13
VEST BIOGASS EIENDOM AS — Loan or financingA granted overdraft facility of NOK 300 000 was undrawn at 31 December 2025. — Bevilga kassakreditt kr 300 000, ubenytta pr 31.12.2025Annual report · 2025-12-31
VEST BIOGASS EIENDOM AS — Pledge or guaranteeCommercial property with a carrying value of NOK 4 420 311 is pledged as security. — Naeringseiendom 4 420 311 4 420 311Annual report · 2025-12-31
Skiwo · company_events

Timelineall sources

capital_change: share_capital86708503.4 -> 91809003.6Registry · 2026-07-31
accounts_filed: last_annual_accounts_year2024 -> 2025Registry · 2026-07-28
Audit opinionPricewaterhouseCoopers AS issued an audit report stating the financial statements comply with Norwegian accounting law and good accountin...Annual report · 2025-12-31
Audit opinionThe audit was performed in accordance with the International Standards on Auditing. — Vi har gjennomfort revisjonen i samsvar med Interna...Annual report · 2025-12-31
Staff numbersThe company employed 0 man-years in 2025. — Selskapet har i 2025 sysselsatt 0 arsverkAnnual report · 2025-12-31
Loan or financingThe company has a credit facility with SEB with a limit of NOK 50 million, subject to covenant requirements, with no outstanding drawings...Annual report · 2025-12-31
Pledge or guaranteeNo loans or security have been granted to members of the governing bodies. — Det er ike gitt lan eller sikkerhetsstillelse til medlemmer ...Annual report · 2025-12-31
Share capitalA capital increase resolved on 20 November 2024 was registered in the Register of Business Enterprises on 13 March 2025. — *) Kapitalforh...Annual report · 2025-12-31
OwnershipShare capital consists of A, B and C share classes, totalling 51,005,002 shares with a nominal value of 1.6 per share. — Aksjekapitalen i...Annual report · 2025-12-31
SubsidiaryThe subsidiary Sandwater Invest AS has a cost price of NOK 14,424,573 and a carrying value of NOK 1,840,973. — Sandwater Invest AS 14 42...Annual report · 2025-12-31
SubsidiaryNo consolidated financial statements were prepared because the group as a whole qualifies as a small entity. — Det er ikke utarbeidet kon...Annual report · 2025-12-31
Related partyThe company has a receivable of NOK 16,327 from its subsidiary Sandwater Invest AS at 31 December 2025. — Fordring paSandwater Invest AS:...Annual report · 2025-12-31
ImpairmentImpairment of other financial fixed assets amounted to NOK 78,842,672 in 2025 (NOK 10,670,699 in 2024), partly offset by a reversal of ea...Annual report · 2025-12-31
Deferred taxNo deferred tax asset is recognised because the company's income is assumed to be mainly tax-exempt; calculated deferred tax asset was NO...Annual report · 2025-12-31
OtherInvestments in subsidiaries are carried at cost with impairment to fair value where the decline is not expected to be temporary. — Datter...Annual report · 2025-12-31
OtherThe loss for the year of NOK 132,750,680 was transferred to uncovered loss. — Overfort til udekket tap -132 750 680 -36 569 206Annual report · 2025-12-31
NYSNØ KLIMAINVESTERINGER AS acquired 8.8 pctNew owner · 2022-12-31
CANICA AS acquired 5.9 pctNew owner · 2022-12-31
LAERDAL INVEST AS acquired 8.8 pctNew owner · 2022-12-31
Skiwo · company_events

Tenders0 wins · 0 losses

No recorded tender wins.
Relevant open tenders — matched NACE 64.312 ↔ CPV
subscribers sharpen matches with per-company keywords
open-tender matching (NACE ↔ CPV) awaits Intelligo's open-tenders view
Doffin/TED · company_tender_wins · 2026-08-03

People4 roles

registered roles only · website-employee lookup awaits the crawler
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

Structureparent

Owns ↓ · 1 subsidiary
Owned by ↑ · top 10
NYSNØ KLIMAINVESTERINGER AS
5.3%
BAGGINS AS
5.3%
LAERDAL INVEST AS
5.3%
CANICA AS
3.5%
INVESTIRE INVEST AS
2.8%
SUMMEN AS
2.6%
INVESTINOR INDIREKTE II AS
2.1%
POMOR NORWAY AS
2.1%
KM NEW ENERGY AS
2.1%
AM HOLDING AS
1.8%
Aksjonærregisteret · company_ownership · 2025 · both directions

LocationOslo

Oslo
municipality only · street address + coordinates not yet in Intelligo
Brreg · registered municipality
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