BALTIC SEA PROPERTIES AS

Operating

A Leading Real Estate Company In The Baltics | Baltic Sea Properties

Your gateway to the Baltics, offering sustainable, flexible real estate solutions. Let's start a new project? We're here to help you.

Investere i, utvikle, leie ut og drive samt realisere eiendommer i Europa, enten for direkte eller indirekte gjennom andre selskaper, og alt som står i forbindelse med dette.

Investering i eiendomsselskaper eller i eiendommer direkte, utleie og drift av eiendommer samt avhendelse av eiendommer.

Organization

CEO: LC
Lars Christian Berger1986
Chairman of the board: JA
James Andrew Clarke1977
Years since formation: 21 years; since Oct 14, 2005
Type: Limited company
VAT registered: Yes
Number of employees: 0

Ownership

Number of shares and share classes: 8,696,077; 1 share class
Total number of shareholders: 179; 54 companies, 125 persons

Financials

Total operating income 2025: 4,696,880; NOK
Annual total result 2025: -736,708; NOK
Total equity 2025: 223,758,726; NOK

Last update: Aug 11, 2026

Management

Management / administration

Name	Role	Shares
LC Lars Christian Berger 1986	Managing Director/CEO	-

Board

Name	Role	Shares
JA James Andrew Clarke 1977	Chairman	-
JD John David Mosvold 1959	Board Member	-
BB Bjørn Bjøro 1948 Resigned	Board Member	-
HA Henrik Austgulen 1981	Board Member	-

Others

Name	Role	Shares
E ERNST & YOUNG AS	Auditor	-
A AIDER AS	Accountant	-

Top 10 individual shareholders

Name	Role	Shares
PS Persson Sigurd 1968	-	4.9 % indirectly
RA Rune Austgulen Odd 1952	-	4.17 % indirectly
EA Erling Aamodt Tom 1961	-	3.13 % directly 0.03 % indirectly 3.1 %
LØ Larsen Øivind 1953	-	2.07 % indirectly
HO Hjorteset Olav 1934	-	1.72 % directly
FD Frederic Dupuy Pascal 1965	-	1.27 % directly 0.66 % indirectly 0.61 %

Last update: Dec 23, 2025

Ownership

Company shareholders

Name	Share class	Total number of shares	Share
M METODISTKIRKEN I NORGE, METODISTKIRKEN I OSLO	Ordinary shares	1,098,260	12.63 %
N NESTOR AS	Ordinary shares	426,409	4.9 %
A AURIS AS	Ordinary shares	362,384	4.17 %
T TRIVON AS	Ordinary shares	270,000	3.1 %
P PIPPI INVEST AS	Ordinary shares	225,000	2.59 %
E EIENDOMSKAPITAL NORGE V AS	Ordinary shares	160,000	1.84 %
HO Hjorteset Olav 1934	Ordinary shares	150,000	1.72 %
B BYDALSALLEEN 5 AS	Ordinary shares	131,501	1.51 %
P PASCAL HOLDING AS	Ordinary shares	103,703	1.19 %
R RIEVE KAPITAL AS	Ordinary shares	86,838	1 %
B BRØDRENE HJORTESET AS	Ordinary shares	64,823	0.75 %
H HANS INVEST AS	Ordinary shares	60,000	0.69 %
T THOCA INVEST AS	Ordinary shares	60,000	0.69 %
AT Andersen-Gott Tore 1955	Ordinary shares	59,139	0.68 %
FD Frederic Dupuy Pascal 1965	Ordinary shares	57,658	0.66 %
MD Myhre Dupuy Berit 1965	Ordinary shares	57,657	0.66 %
M MULLAKS AS	Ordinary shares	56,600	0.65 %
B BONAVISTA AS	Ordinary shares	52,628	0.61 %
S SOLENGEN HOLDING AS	Ordinary shares	41,055	0.47 %
OA Oppøyen Alf 1955	Ordinary shares	40,000	0.46 %
A ATRYG AS	Ordinary shares	39,487	0.45 %
AF Asbjørn Flåten Olaf 1944	Ordinary shares	37,672	0.43 %
HH Hysing Henning 1951	Ordinary shares	37,037	0.43 %
P PROFOND AS	Ordinary shares	36,670	0.42 %
O OTTO HOLMEN AS	Ordinary shares	34,314	0.39 %
BJ Bang Jens 1956	Ordinary shares	33,518	0.39 %
PB Petter Benterud Bjørn 1969	Ordinary shares	33,320	0.38 %
H HOLSTEIN INVEST AS	Ordinary shares	32,861	0.38 %
T TOFTENES EIENDOM AS	Ordinary shares	31,201	0.36 %
V VORBA AS	Ordinary shares	29,712	0.34 %
NT Nyrén Terje 1965	Ordinary shares	29,670	0.34 %
B BALTIC SEA PROPERTIES AS	Ordinary shares	28,678	0.33 %
MT Margrethe Tschudi Elise 1936	Ordinary shares	27,398	0.32 %
HJ Hadberg Johansen Dag 1966	Ordinary shares	26,850	0.31 %
PR Per Reidar Karlsen Bjarne 1938	Ordinary shares	26,237	0.3 %
AB Arne Brennsund John 1958	Ordinary shares	26,203	0.3 %
NB Norvald Bryn Ernst 1943	Ordinary shares	26,000	0.3 %
V VIBRU AS	Ordinary shares	26,000	0.3 %
HI Haugen Ivar 1961	Ordinary shares	25,447	0.29 %
A ARIADNE INVEST AS	Ordinary shares	24,365	0.28 %
S SKALLUM AS	Ordinary shares	23,487	0.27 %
HH Henrik Hartmann Hans 1930	Ordinary shares	22,800	0.26 %
DM David Mosvold John 1959	Ordinary shares	22,276	0.26 %
HV Henning Vaage Sigurd 1944	Ordinary shares	21,812	0.25 %
KV Kielland Vibeke 1959	Ordinary shares	21,000	0.24 %
SM Sandbakken Morten 1944	Ordinary shares	20,569	0.24 %
SA Scott Amundsen Ingrid 2002	Ordinary shares	20,000	0.23 %
BI Bernseter Ivar 1952	Ordinary shares	20,000	0.23 %
A AD-REGNSKAP AS	Ordinary shares	20,000	0.23 %
HK Hording Kai 1940	Ordinary shares	20,000	0.23 %
BT Beate Tønneberg Sissel 1946	Ordinary shares	19,735	0.23 %
RA Raunedokken Anne 1949	Ordinary shares	19,570	0.23 %
F FIDELITAS AS	Ordinary shares	18,519	0.21 %
B BJØRN AS	Ordinary shares	18,519	0.21 %
K KOLSBERG INVEST AS	Ordinary shares	18,518	0.21 %
A ARTHEN INVEST AS	Ordinary shares	18,145	0.21 %
HY Hansen Ytterstad Oddvar 1938	Ordinary shares	18,000	0.21 %
JT Johanne Tangen Inger 1943	Ordinary shares	18,000	0.21 %
P PROJECT DESIGN AS Closed	Ordinary shares	16,116	0.19 %
BF Brun Finn 1951	Ordinary shares	16,000	0.18 %
AM Aandahl Marcussen Siri 1947	Ordinary shares	15,656	0.18 %
TK Torbjørn Koht Astad Einar 1963	Ordinary shares	15,000	0.17 %
I IMU INVEST AS	Ordinary shares	14,000	0.16 %
A ASMERVIK INVEST AS	Ordinary shares	13,670	0.16 %
H HAGEN, BERGER & AAS AS	Ordinary shares	13,334	0.15 %
EV Egil Virik Pedersen Knut 1942	Ordinary shares	13,300	0.15 %
PL Petersen Lie Anne-Marit 1952	Ordinary shares	13,266	0.15 %
CS Cato Severin Holmsen Holm 1947	Ordinary shares	13,157	0.15 %
A ANEKRA AS	Ordinary shares	13,000	0.15 %
GE Grimstad Eystein 1944	Ordinary shares	12,755	0.15 %
HT Harriet Taranger Aasgaard Torunn 1959	Ordinary shares	12,456	0.14 %
OP Olaf Petersen Lie Carl 1979	Ordinary shares	12,183	0.14 %
L LEKANG AS	Ordinary shares	12,118	0.14 %
S SIBEAN AS	Ordinary shares	12,000	0.14 %
C CAPITOL II AS	Ordinary shares	11,000	0.13 %
W WOLFFENSTEIN AS	Ordinary shares	10,000	0.11 %
EF Eger Fredrikke 1943	Ordinary shares	10,000	0.11 %
EN Erling Nøkleby Lars 1967	Ordinary shares	10,000	0.11 %
BH Braathen Hroar 1942	Ordinary shares	10,000	0.11 %
KK Key Kristiansen Tore 1942	Ordinary shares	9,957	0.11 %
KL Kristian Larsson Arne 1945	Ordinary shares	9,785	0.11 %
EK Evjenth Kristin 1962	Ordinary shares	9,570	0.11 %
AM Andreas Monefeldt Ivar 1974	Ordinary shares	9,210	0.11 %
MW Marie Wåler Hasner Mette 1960	Ordinary shares	9,209	0.11 %
LE Live Eliassen Anna 1972	Ordinary shares	9,000	0.1 %
G GABELS INVEST AS	Ordinary shares	9,000	0.1 %
S SKYBIRD AS	Ordinary shares	9,000	0.1 %
HT Hovden Torgeir 1971	Ordinary shares	8,997	0.1 %
GS Grete Sjuve Berg Inger 1952	Ordinary shares	8,646	0.1 %
GG Gunnar Giske Arild 1948	Ordinary shares	8,400	0.1 %
MK Marin Klüwer Andersen Harald 1951	Ordinary shares	8,000	0.09 %
OS Ole Skagnæs Nils 1932	Ordinary shares	8,000	0.09 %
V VALOM MANAGEMENT AS	Ordinary shares	8,000	0.09 %
WE Wedum Erik 1965	Ordinary shares	8,000	0.09 %
D DEA INVEST AS	Ordinary shares	8,000	0.09 %
HT Høyne Torstein 1965	Ordinary shares	8,000	0.09 %
FM Fredrik Mostad Petter 1964	Ordinary shares	8,000	0.09 %
LK Limm Knut 1952	Ordinary shares	8,000	0.09 %
M MIE AS	Ordinary shares	7,600	0.09 %
KM Kristoffersen Myhre Marit 1942	Ordinary shares	7,600	0.09 %

Shares owned by the BALTIC SEA PROPERTIES AS

Name	Share class	Total number of shares	Share
B BALTIC SEA PROPERTIES AS	Ordinary shares	28,678	0.33 %

Last update: Sep 25, 2026

Financials

in NOK

Summary

Year	2025	2024	2023	2022	2021
Total operating income	4,696,880	4,979,792	5,007,788	4,707,374	2,792,610
Annual Total Result	-736,708	7,391,954	14,042,737	6,925,117	10,215,868
Total assets	275,802,646	293,281,042	202,244,662	169,983,720	216,179,879
Total liabilities	52,043,921	51,532,140	51,639,838	22,839,924	66,159,104
Total equity	223,758,726	241,748,903	150,604,823	147,143,795	150,020,775

P&L

Year	2025	2024	2023	2022	2021
Total operating income	4,696,880	4,979,792	5,007,788	4,707,374	2,792,610
Total operating costs	9,190,966	8,812,992	7,509,252	7,346,397	6,541,385
Operating result	-4,494,086	-3,833,200	-2,501,464	-2,639,023	-3,748,775
Financial income/costs	3,757,378	11,225,154	16,544,201	9,564,140	13,964,643
Profit before tax	-736,708	7,391,954	14,042,737	6,925,117	10,215,868
Total tax & extraordinary income/cost	0	0	0	0	0
Annual Total Result	-736,708	7,391,954	14,042,737	6,925,117	10,215,868

Balance overview

Year	2025	2024	2023	2022	2021
Total fixed assets	240,350,862	243,884,647	200,528,737	153,632,764	212,385,152
Total current assets	35,451,784	49,396,395	1,715,925	16,350,956	3,794,727
Total assets	275,802,646	293,281,042	202,244,662	169,983,720	216,179,879
Short term debt	1,501,379	1,413,389	1,522,093	1,008,439	15,692,950
Long term debt	50,542,542	50,118,751	50,117,745	21,831,485	50,466,154
Total liabilities	52,043,921	51,532,140	51,639,838	22,839,924	66,159,104
Contributed capital	214,900,424	214,900,140	119,455,983	119,455,804	119,455,344
Retained earnings	8,858,302	26,848,763	31,148,840	27,687,991	30,565,431
Total equity	223,758,726	241,748,903	150,604,823	147,143,795	150,020,775
Total equity and liabilities	275,802,647	293,281,043	202,244,661	169,983,719	216,179,879

Classification

21st company classification

BETA

Small company

Type of organization

Limited company

Standard industrial classification

BALTIC SEA PROPERTIES AS988 691 771