This website uses cookies to enhance the user experience.
A

ARCTIC REAL ESTATE DEVELOPMENT AS921 192 401

Purchase and sale
Limited company
Haakon VIIs gate 5 0161 OSLO, Norge
Construction
/ Purchase and sale
/ 41.109 Other development and sale of real estate

ARCTIC REAL ESTATE DEVELOPMENT AS

Keywords

real estatesalesdevelopment

Organization

Chairman of the board
KR

Kjetil Ramslie Bakken1979

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: Jun 2, 2025

Management

Board

NameRoleShares
KR

Kjetil Ramslie Bakken

1979

Chairman-
HM

Hege Marthinussen

1968

Board Member-
KB

Kristoffer Bjarne Røhne

1982

Board Member-
EG

Erlend Garmann Tuntland

1973

Board Member
30 %
indirectly

Others

NameRoleShares
K
KPMG AS
Auditor-

Top 10 individual shareholders

NameRoleShares
EG

Erlend Garmann Tuntland

1973

Board Member
30 %
indirectly
TM

Trond Mohn

1943

-
23.34 %
indirectly
MH

Mads Henrik Syversen

1963

-
10.43 %
indirectly
PB

Petter Bakken

1963

-
5.46 %
indirectly
AE

Anders Eivind Eide

1963

-
3.47 %
indirectly
JG

Jon Gunnar Pedersen

1962

-
3.44 %
indirectly
IL

Ivar Larsen

1963

-
1.82 %
indirectly
KS

Kristian Skyttern Berg

1967

-
1.52 %
indirectly
KR

Knut Rydland Malterud

1976

-
1.24 %
indirectly
EL

Esten Løkkebakken

1975

-
1.19 %
indirectly
Last update: Oct 2, 2023

Ownership

Company shareholders

NameShare classTotal number of sharesShare
A
ARCTIC SECURITIES AS
Ordinary shares
70,000
70 %
B
BLACKHEART INVEST AS
Ordinary shares
30,000
30 %

Shares owned by the ARCTIC REAL ESTATE DEVELOPMENT AS

NameShare classTotal number of sharesShare
A
ARED INVEST AS
Ordinary shares
3,000
100 %
Last update: Jun 2, 2025

Group structure

  • ARCTIC SECURITIES AS
    Total operating income 2024: NOK 1,275,928,894
    Operating profit 2024: NOK 158,164,355
    Employees: 191

Financials

in NOK

Summary

Year2024202320222021
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

Year2024202320222021
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

Year2024202320222021
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

Category
Type of organization
Limited company
Classification of institutional sector
INNL
Domestic sectors
A_IKKE-FIN
Non-financial corporations
2100
Private non-financial incorporated enterprises
Standard industrial classification
F
Main industrial area
Construction
41
Activity
Construction of buildings
41.1
Main industrial group
Development of building projects
41.10
Industrial group
Development of building projects
41.109
Industrial group
Other development and sale of real estate