CODELAB CAPITAL AS
CodeLab Capital AS is a Norwegian private limited company (aksjeselskap) registered with the Norwegian Register of Business Enterprises under organisation number 919 763 930, with a stiftelsesdato (incorporation date) of 15 August 2017. Its registered business address is Sørkedalsveien 10A, 0369 Oslo, and its status with Brønnøysundregistrene is active. The company was originally registered as Helseinnovasjon II AS, was renamed PatientSky Group AS in October 2020, and adopted its present name, CodeLab Capital AS, on 11 May 2023.
Under its articles of association, CodeLab Capital AS’s registered purpose is to develop and offer digital solutions and to invest in securities and other assets, including participation in other companies with similar business. In practice, CodeLab Capital AS operates as a listed holding and investment company that acquires and actively develops software and services businesses in Norway, with portfolio companies active in occupational health and safety (HSE/OHS) software, cloud-infrastructure reselling and digital health tools. CodeLab Capital AS’s own annual report for 2025 describes the underlying business as established in 2014 and headquartered in Oslo, Norway, predating the current legal entity’s 2017 registration.
CodeLab Capital AS’s ordinary shares are admitted to trading on Euronext Growth Oslo under the ticker CODE (ISIN NO0010895667).
For the financial year ended 31 December 2025, CodeLab Capital AS reported consolidated operating revenue of NOK 10.8 million, up from NOK 0.3 million in 2024, and a consolidated net loss of NOK 14.8 million, according to its audited annual report approved by the board on 22 April 2026. On a parent-company-only basis, operating income was NOK 1.4 million, generated from management services billed to subsidiaries, with a net loss of NOK 8.6 million for the year.
During 2025, CodeLab Capital AS consolidated two acquisitions: Kuba Norge AS, from 1 July 2025, and a 50.06% stake in Cloudya AS, from 1 November 2025. In 2026, the company announced and completed the acquisition of Agil Helse AS, an occupational-health services provider, consolidated into its accounts from 1 June 2026.
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Shareholders
5
CodeLab Capital AS’s shares are admitted to trading on Euronext Growth Oslo, so its share capital and largest shareholders are disclosed in its annual report rather than in a standard company-registry shareholder filing. According to the audited financial statements for the year ended 31 December 2025 (approved by the board on 22 April 2026), CodeLab Capital AS’s ordinary share capital consisted of 14,454,915 shares with a nominal value of NOK 2.47 each. The largest disclosed shareholders as of that date were Lorenz AS at 26.34%, Codee Holding AS at 24.67%, Gull & Grønne Skoger AS at 8.12%, Olborg Invest AS at 6.43%, Salg.co AS and Stormast AS at 4.19% each, Mamo at 3.84%, Sissels Hudpleie AS at 3.46%, Hofsnes Gruppen Holding AS at 2.11%, and Vikingstad Invest AS at 1.66%; the remaining shareholders together held 14.99%. The annual report identifies Group CEO Anton Lorenz Bondesen as controlling Lorenz AS and Stormast AS, together representing 4,413,614 shares, or 30.53% of the company — the largest ultimate stake disclosed for any individual.
Brønnøysundregistrene’s live company record shows a larger, more recent share capital of NOK 48,788,286.50 across 19,754,924 shares, registered 11 June 2026, reflecting share issues completed after the 2025 year-end, including shares issued as part-consideration for the 2026 acquisition of Agil Helse AS. A named shareholder breakdown at this later, higher share count was not identified in a source verified for this profile.
A separate shareholder register synced to this profile from Norway’s Aksjonærregisteret (Shareholder Register) — showing Codee Holding AS at 48.6% and a total of roughly 341.8 million shares at a par value of about NOK 0.137 — reflects an earlier snapshot of the company’s capital structure rather than the 14,454,915-share structure reported above for 31 December 2025; the two datasets should not be read together as describing the same date.
Ultimate beneficial ownership
No individual has been confirmed as an ultimate beneficial owner of CodeLab Capital AS through a dedicated UBO or PSC-equivalent filing reviewed for this profile. The FY2025 annual report discloses Anton Lorenz Bondesen’s combined indirect stake of 30.53% (through Lorenz AS and Stormast AS) and Board Chair Kristian Ikast’s 100% ownership of KI Holding 2020 ApS, which itself holds 0.4% of CodeLab Capital AS; these are reported here as disclosed shareholding interests rather than as formally designated beneficial-ownership findings.
Data availability
Shareholder information for CodeLab Capital AS is classified as Major shareholders only: the FY2025 annual report discloses the ten largest shareholders and an aggregate “other shareholders” balance, rather than a complete, name-by-name register of every holder. The figures are dated 31 December 2025 and predate share issues that Brønnøysundregistrene shows were registered by June 2026, so the current, complete ownership picture may differ from the percentages above.
Registry feed — rows exactly as filed with the source register, including entries the profile above does not cover.
| Shareholder | Type | Holding | Source Document |
|---|---|---|---|
| CODEE HOLDING AS | 48.6% | ||
| Øvrige Aksjonærer | 39.6% | ||
| Danske Bank AS | 5.2% | ||
| Yared Tsegaye Mamo | 3.4% | ||
| VIKINGSTAD INVEST AS | 3.2% |
Officers
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Brønnøysundregistrene’s live register records three active statutory roles for CodeLab Capital AS: Anton Lorenz Bondesen as daglig leder (chief executive), Kristian Ikast as styrets leder (chairman of the board), and Nikolaj Helsinghoff Andersen as styremedlem (board member); Anton Lorenz Bondesen also sits on the board as an ordinary member. The company’s FY2025 annual report, signed 22 April 2026, confirms this same board composition. CodeLab Capital AS’s official website additionally names Christoffer Mathiesen as Chief Financial Officer, a role that does not appear as a separate statutory filing with Brønnøysundregistrene. CEDRA NORGE MOMENTUM AS (org. no. 936032249) is currently registered as the company’s auditor (revisor). ECIT Services AS, previously registered as the company’s regnskapsfører (external accountant), is now recorded by Brønnøysundregistrene as deregistered from that role.
Recent officer changes
- Auditor changed from PricewaterhouseCoopers AS (PwC) to RSM Norge AS during 2025, per the FY2025 annual report; RSM Norge AS audited the FY2025 accounts.
- Auditor subsequently changed again to Cedra Norge Momentum AS, reflected in a Brønnøysundregistrene registry update of 1 July 2026.
- ECIT Services AS’s registration as the company’s accountant (regnskapsfører) was deregistered, per Brønnøysundregistrene.
Data availability
Officer information for CodeLab Capital AS is classified as Partial: Brønnøysundregistrene publishes the company’s current statutory roles — chief executive, board members, auditor, accountant — with each person’s or entity’s name and, for natural persons, date of birth, but this source does not publish individual appointment or resignation dates, nor nationality. Nationality is therefore stated as not disclosed for every officer above; it should not be inferred from a person’s name or from Norway being the country of the company’s registered address.
Registry feed — rows exactly as filed with the source register, including entries the profile above does not cover.
Group Structure
CodeLab Capital AS operates as an independent, Euronext Growth Oslo-listed holding company; no parent company has been identified for it in Brønnøysundregistrene or in its own annual report. As of 31 December 2025, the company’s audited consolidated financial statements confirm three subsidiaries: Uniscale AS (org. no. 813672782, Oslo, 100% owned), Kuba Norge AS (org. no. 996797813, Tønsberg, 100% owned, consolidated from 1 July 2025), and Cloudya AS (org. no. 934359119, Oslo, 50.06% owned, consolidated from 1 November 2025). Codee Holding AS, the second-largest disclosed shareholder in CodeLab Capital AS at 24.67% as of the same date, is not itself a parent company of CodeLab Capital AS under Norwegian company-law control tests, and no filing reviewed for this profile establishes such a relationship.
Verified corporate relationships
| Entity | Country | Registration number | Relationship | Ownership | Status | Information date |
|---|---|---|---|---|---|---|
| Uniscale AS | Norway | 813672782 | Direct subsidiary | 100% | Active | 31 Dec 2025 |
| Kuba Norge AS | Norway | 996797813 | Direct subsidiary | 100% | Active | 31 Dec 2025 |
| Cloudya AS | Norway | 934359119 | Direct subsidiary | 50.06% | Active | 31 Dec 2025 |
| Agil Helse AS | Norway | 992975032 | Possible relationship (subsidiary, direct or indirect) | 100% (per company announcement) | Active | 1 Jun 2026 |
Recent structural changes
- Kuba Norge AS acquired and consolidated from 1 July 2025.
- A 50.06% stake in Cloudya AS acquired and consolidated from 1 November 2025.
- Agil Helse AS acquisition completed and consolidated from 1 June 2026, per company announcement; public disclosures reviewed for this profile do not confirm whether the shares are held directly by CodeLab Capital AS or through Kuba Norge AS, alongside which Agil Helse is being integrated.
Data availability
Corporate-linkage information for CodeLab Capital AS is classified as Full for its three FY2025-consolidated subsidiaries, sourced from its audited annual report, and Partial for the 2026 Agil Helse AS acquisition, which is confirmed by company announcements but not yet reflected in an audited consolidated filing at the time of this review.
CODELAB CAPITAL AS
Norway
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Frequently Asked Questions
What is CodeLab Capital AS?
CodeLab Capital AS is a Norwegian private limited company (organisation number 919 763 930) registered with Brønnøysundregistrene, and a listed holding and investment company that acquires and develops software and services businesses.
Where is CodeLab Capital AS registered and headquartered?
CodeLab Capital AS is registered in Norway with a business address at Sørkedalsveien 10A, 0369 Oslo. Its own annual report describes the company as headquartered in Oslo, Norway.
What is CodeLab Capital AS's registration number?
919 763 930, as recorded by Brønnøysundregistrene, the Norwegian Register of Business Enterprises.
Was CodeLab Capital AS previously known by another name?
Yes. The company was registered as Helseinnovasjon II AS from 2017, renamed PatientSky Group AS in October 2020, and renamed again to CodeLab Capital AS on 11 May 2023.
Is CodeLab Capital AS listed on a stock exchange?
Yes. CodeLab Capital AS's ordinary shares trade on Euronext Growth Oslo under the ticker CODE (ISIN NO0010895667).
What is CodeLab Capital AS's revenue?
For the financial year ended 31 December 2025, CodeLab Capital AS reported consolidated operating revenue of NOK 10.8 million and a consolidated net loss of NOK 14.8 million, per its audited annual report approved on 22 April 2026.
Who are the largest shareholders of CodeLab Capital AS?
As of 31 December 2025, the largest disclosed shareholders were Lorenz AS (26.34%) and Codee Holding AS (24.67%), followed by Gull & Grønne Skoger AS, Olborg Invest AS, Salg.co AS, Stormast AS and other holders each below 9%, per the FY2025 annual report. This is a major-shareholders-only disclosure, not a complete shareholder register.
Who is CodeLab Capital AS's CEO?
Anton Lorenz Bondesen is CodeLab Capital AS's chief executive (daglig leder) and a member of its board, per Brønnøysundregistrene and the company's FY2025 annual report.
Who chairs the board of CodeLab Capital AS?
Kristian Ikast is registered as Chairman of the Board (styrets leder) of CodeLab Capital AS, alongside board member Nikolaj Helsinghoff Andersen and CEO Anton Lorenz Bondesen, per Brønnøysundregistrene.
Does CodeLab Capital AS have subsidiaries?
Yes. As of 31 December 2025, CodeLab Capital AS's audited accounts show three subsidiaries: Uniscale AS (100%), Kuba Norge AS (100%) and Cloudya AS (50.06%), all Norwegian companies. In 2026 the company also completed the acquisition of Agil Helse AS.
Does CodeLab Capital AS have a parent company?
No parent company has been identified for CodeLab Capital AS in Brønnøysundregistrene or in its own annual report; it operates as an independent, listed holding company at the top of its own group.
Is CODELAB CAPITAL AS still an active company?
CODELAB CAPITAL AS's status is listed as active.
When was CODELAB CAPITAL AS incorporated?
CODELAB CAPITAL AS was incorporated on 15 August 2017.
What is CODELAB CAPITAL AS's registered address?
The registered address on file for CODELAB CAPITAL AS is SANDANE, Norway.
What legal structure is CODELAB CAPITAL AS registered as?
CODELAB CAPITAL AS is registered as a Join Stock Company in Norway.
Can Zavia monitor changes to CODELAB CAPITAL AS's ownership over time?
This profile reflects a point-in-time snapshot. Zavia's monitoring API can track changes to CODELAB CAPITAL AS's registered shareholders, officers, and group structure going forward, flagging updates as they're filed rather than requiring a manual recheck.
Can I access CODELAB CAPITAL AS's data through an API?
Yes. Zavia's API connects directly to official government ownership registries across 195 countries and territories, including Norway, so records like CODELAB CAPITAL AS's registration, shareholder, UBO, and group-structure data can be queried programmatically instead of viewed one page at a time.