ARCTIC REAL ESTATE DEVELOPMENT AS
Organization
- Chairman of the board
- KR
- Years since formation
- 7 years
- since Jul 25, 2018
- Type
- Limited company
- VAT registered
- Yes
- Number of employees
- 0
Ownership
- Number of shares and share classes
- 100,000
- 1 share class
- Total number of shareholders
- 2
- companies
- Belongs to group of
Financials
- Total operating income 2024
- 1,044,008
- NOK
- Annual total result 2024
- -1,698,296
- NOK
- Total equity 2024
- -15,007,624
- NOK
Last update: Sep 9, 2025
Management
Board
| Name | Role | Shares |
|---|---|---|
KR | Chairman | - |
HM | Board Member | - |
KB | Board Member | - |
EG | Board Member | 30 % indirectly |
Others
| Name | Role | Shares |
|---|---|---|
| Auditor | - |
Top 10 individual shareholders
| Name | Role | Shares |
|---|---|---|
EG | Board Member | 30 % indirectly |
TM 1943 | - | 23.34 % indirectly |
MH | - | 10.43 % indirectly |
PB 1963 | - | 5.46 % indirectly |
AE | - | 3.47 % indirectly |
JG | - | 3.44 % indirectly |
IL 1963 | - | 1.82 % indirectly |
KS | - | 1.52 % indirectly |
KR | - | 1.24 % indirectly |
EL | - | 1.19 % indirectly |
Last update: Oct 2, 2023
Ownership
Company shareholders
| Name | Share class | Total number of shares | Share |
|---|---|---|---|
| Ordinary shares | 70,000 | 70 % | |
| Ordinary shares | 30,000 | 30 % |
Shares owned by the ARCTIC REAL ESTATE DEVELOPMENT AS
| Name | Share class | Total number of shares | Share |
|---|---|---|---|
| Ordinary shares | 3,000 | 100 % |
Last update: Jun 2, 2025
Group structure
- Total operating income 2024: NOK 1,275,928,894Operating profit 2024: NOK 158,164,355Employees: 184
Financials
in NOK
Summary
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total operating income | 1,044,008 | 996,191 | 935,390 | 898,000 |
Annual Total Result | -1,698,296 | -389,642 | -127,578 | -3,208,092 |
Total assets | 29,111,370 | 26,069,264 | 22,038,550 | 21,484,296 |
Total liabilities | 44,118,994 | 39,378,592 | 34,958,236 | 34,276,404 |
Total equity | -15,007,624 | -13,309,328 | -12,919,686 | -12,792,108 |
P&L
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total operating income | 1,044,008 | 996,191 | 935,390 | 898,000 |
Total operating costs | 107,472 | 136,396 | 97,101 | 5,011,384 |
Operating result | 936,537 | 859,795 | 838,289 | -4,113,384 |
Financial income/costs | -1,467,598 | -1,379,319 | -1,008,393 | -692,816 |
Profit before tax | -531,061 | -519,523 | -170,104 | -4,806,200 |
Total tax & extraordinary income/cost | 1,167,235 | -129,881 | -42,526 | -1,598,108 |
Annual Total Result | -1,698,296 | -389,642 | -127,578 | -3,208,092 |
Balance overview
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total fixed assets | 28,908,330 | 25,657,955 | 21,983,403 | 21,428,086 |
Total current assets | 203,039 | 411,309 | 55,147 | 56,210 |
Total assets | 29,111,370 | 26,069,264 | 22,038,550 | 21,484,296 |
Short term debt | 0 | 0 | 0 | 355,371 |
Long term debt | 44,118,994 | 39,378,591 | 34,958,236 | 33,921,033 |
Total liabilities | 44,118,994 | 39,378,592 | 34,958,236 | 34,276,404 |
Contributed capital | 1,030,000 | 1,030,000 | 1,030,000 | 1,030,000 |
Retained earnings | -16,037,624 | -14,339,328 | -13,949,686 | -13,822,108 |
Total equity | -15,007,624 | -13,309,328 | -12,919,686 | -12,792,108 |
Total equity and liabilities | 29,111,370 | 26,069,264 | 22,038,550 | 21,484,296 |
Classification
Type of organization
Limited company
Classification of institutional sector
INNL
Domestic sectors
A_IKKE-FIN
Non-financial corporations
2100
Private non-financial incorporated enterprises