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CHANGE AND DEVELOPMENT NORWAY AS
AS
In liquidation
Org 980607267
Holteveien 138, 4639 Kristiansand S
Rental and operating of own or leased real estate · NACE 6820
Est. 1998
0 employees
www.cnd.no
Watchlist
Share
Overview
Financials
People & ownership
Related companies
Revenue 2025
NOK 0
EBITDA margin
—
+100% vs 2024
Equity ratio
76.8%
Financial strength
Net profit 2025
NOK 1M
-99% vs 2024
EBITDA — year on year
NOK millions
8M
5M
3M
1M
-1M
6M
2021
6M
0%
2022
0M
-100%
2023
-1M
-100%
2024
0M
+100%
2025
Key figures
Annual report 2025
Revenue
NOK 0
—
EBITDA
NOK 6K
+100%
Net profit
NOK 1M
-99%
Total assets
NOK 1,4M
-99%
Equity
NOK 1,1M
-98%
Employees
0
—
Company information
Legal name
CHANGE AND DEVELOPMENT NORWAY AS
Org number
980607267
Legal form
Aksjeselskap
NACE code
6820 · Rental and operating of own or leased real estate
Founded
14. desember 1998
Share capital
NOK 75 890
Employees
0
VAT registered
No
Audit selected
No
Last report
2025-12-31
Financial year
January – December
Signatory rights
Styret i fellesskap.
Company purpose
Investering i aksjer.
Contact
Address
Holteveien 138, 4639 Kristiansand S
Website
www.cnd.no
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Companies in Rental and operating of own or leased real estate
Companies in Kristiansand
All Norway companies
Revenue
NOK millions
0M
5M
10M
16M
21M
17M
2021
18M
2022
0M
2023
0M
2024
0M
2025
EBITDA
NOK millions
0M
2M
3M
5M
7M
6M
2021
6M
2022
0M
2023
-1M
2024
0M
2025
Income statement
NOK thousands
Item
2021
2022
2023
2024
2025
Revenue
17 065
18 010
0
0
0
Staff expenses
−0
−0
−0
−0
−0
EBITDA
5 714
5 878
−18
−1 429
6
Depreciation & amort.
−2 287
−1 875
−0
−0
−0
EBIT
3 427
4 003
−18
−1 429
6
Net financials
−1 321
−694
329
114 381
1 291
Profit before tax
2 106
3 309
312
112 951
1 296
Tax
419
665
1
113
286
Net profit
1 687
2 644
311
112 838
1 011
Balance sheet
NOK thousands
Item
2021
2022
2023
2024
2025
Total assets
23 796
63 808
6 211
119 258
1 446
Equity
3 092
43 605
6 093
59 800
1 110
Long-term debt
16 790
17 259
108
0
0
Short-term debt
3 914
2 944
10
59 458
336
Total debt
20 704
20 204
118
59 458
336
Financial ratios
5-year trend
EBITDA margin
551300.0%
This company
15.8%
Market median
+3489141% vs market
2021
2025
Equity ratio
76.8%
This company
38.2%
Market median
+101% vs market
2021
2025
Return on equity
91.0%
This company
18.4%
Market median
+395% vs market
2021
2025
Net profit margin
101052900.0%
This company
8.1%
Market median
+1247566567% vs market
2021
2025
Asset turnover
0.00×
This company
1.12×
Market median
-100% vs market
2021
2025
Debt / equity
0.30×
This company
0.62×
Market median
+52% vs market
2021
2025
Annual reports & filings
Annual report 2025
Filed via Brønnøysundsregistrene · Period 2025-01-01 – 2025-12-31
View
PDF
Annual report 2024
Filed via Brønnøysundsregistrene · Period 2024-01-01 – 2024-12-31
View
PDF
Annual report 2023
Filed via Brønnøysundsregistrene · Period 2023-01-01 – 2023-12-31
View
PDF
Annual report 2022
Filed via Brønnøysundsregistrene · Period 2022-01-01 – 2022-12-31
View
PDF
Annual report 2021
Filed via Brønnøysundsregistrene · Period 2021-01-01 – 2021-12-31
View
PDF
Management
Actively employed in the business
Name
Role
Member since
Former (1)
PE
Per Evert Retterstøl
Deputy Member
Deputy Member
2023 – 2025
Board of directors
Non-executive oversight
Name
Role
Member since
Current (1)
KO
Kjell Olav Aa
Chairman
2023
Former (1)
CD
Christian Dovland
Board of Directors
2023 – 2025
Shareholders
As of last annual report
Shareholder
Type
Ownership
Votes
Since
Koa Invest As
Company
50.1%
50.1%
2024
Change And Development Norway As
Company
49.9%
49.9%
2024
Beneficial ownership (UBO) data access is restricted in Denmark as of September 2025 per the EU 6th AML Directive.
Learn more
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Company hierarchy
Koa Invest As
CHANGE AND DEVELOPMENT NORWAY AS
(this company)
Altifiber As
Altidata As
Board network connections
Board members of CHANGE AND DEVELOPMENT NORWAY AS also hold positions in
0
other companies.
Person
Role here
Other companies
Per Evert Retterstøl
Deputy Member
0 companies
Kjell Olav Aa
Chairman
0 companies
Christian Dovland
Board of Directors
0 companies