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COMPANY REGISTER PROFILE
925976105 ORG. NO. 2025 ACCOUNTS 10 SECTIONS
Active UPDATED 03.10.2026
Computer programming activities

TWO AS

Org. no. 925976105 Limited company (AS) Oslo Incorporated 2020 Active
Ownership graph ↗
Revenue 2025 NOK 23.2m
Operating profit NOK −44.3m
Equity NOK 294.8m
Incorporated 2020
Employees 20
Share capital NOK 660,000

Signals

2 flags
  • Driftsunderskudd 2025 Siste driftsresultat er negativt (−44,3 mill kr).
  • Nylig endring 2026-08-27 Aksjekapital registrert 2026-08-27.

TWO AS is registered as a limited company in Oslo, Oslo with organisation number 925976105. The business is classified under computer programming activities (NACE 62.100). The company was incorporated in 2020 and has 20 registered employees. Registered share capital is NOK 660,000, divided into 659710 shares. The company's stated purpose is: “Tjenester for B2B netthandel, samt annet som naturig faller sammen med dette.”. The most recent filed accounts, for the 2025 financial year, show NOK 23.2m in revenue and NOK −44.3m in operating profit.

Former names: TILLIT AS

Key figures · 2025

Revenue
NOK 23.2m
▲ +79 %
Operating profit
NOK −44.3m
▼ −44 %
Equity
NOK 294.8m
▲ +58 %
Est. value
NOK 172.8m

Financial health · 2025

Liquidity
25.33
Very good
Current assets ÷ current liabilities
Profitability
-13.1%
Not satisfactory
Return on total assets
Solidity
97.1%
Very good
Equity as a share of total capital

Who owns TWO AS?

SHINE CAPITAL II, L.P. US
ANTLER GLOBAL FUND MASTER S. R.L. LU
SEQUOIA CAPITAL U.S. SCOUT SEED FUN US
STAMVAKA LTD CY
LOCALGLOBE XI, L.P. GG
ALLIANCE VENTURE DELTA AB SE
DUSHMAN LIMITED GB
VISIONARIES CLUB SEED FUND I DE
ALUMNI VENTURES TWO TRUST US
TIMO NIINIVAARA FI
LAURA GA MERIDIANA SL ES
ZINAL GROWTH PARTNERS LIMITED JE
TWO AS
NOK 23.2m rev. · NOK −44.3m profit

TWO AS has 20+ registered shareholders:

All shareholders and roles →

Which companies does TWO AS own?

TWO AS holds stakes in 4 companies:

See the full ownership structure →

Frequently asked questions about TWO AS

Who owns TWO AS?

SHINE CAPITAL II, L.P. is the largest registered owner, with 14.7%.

What is the revenue of TWO AS?

TWO AS had revenue of NOK 23.2m in 2025.

Who is the general manager of TWO AS?

Andreas Mjelde is registered as general manager of TWO AS.

Where is TWO AS based?

TWO AS has its business address in Oslo.

Source: Biztrac.no · Data from the Brønnøysund Register Centre and the Norwegian Tax Administration · Last updated 03.10.2026.

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