ARBAFLAME AS

Operating

Produksjon av pellets, samt enhver annen virksomhet som henger naturlig sammen med dette, herunder investere i verdipapirer og andre formuesobjekter, samt deltakelse i andre selskaper med lignende virksomhet.

Nærings- og handelsvirksomhet, kjøp og salg av fast eiendom, utleie av fast eiendom, salg av aksjer og obligasjoner, produksjon av pellets og alt som har forbindelse med dette, samt delta i andre virksomheter med samme eller lignende formål.

Organization

CEO: EM
Eirik Martens Haugen1982
Chairman of the board: PA
Pedro Antonio Arias Douce1970
Years since formation: 20 years; since Mar 29, 2006
Type: Limited company
VAT registered: Yes
Number of employees: 9

Ownership

Number of shares and share classes: 394,879,770; 1 share class
Total number of shareholders: 60; 25 companies, 35 persons
Belongs to group of

Financials

Total operating income 2025: 7,010,000; NOK
Annual total result 2025: -25,736,000; NOK
Total equity 2025: 615,368,000; NOK

Last update: Sep 5, 2026

Management

Management / administration

Name	Role	Shares
EM Eirik Martens Haugen 1982	Managing Director/CEO	-

Board

Name	Role	Shares
PA Pedro Antonio Arias Douce 1970	Chairman	-
HE Håkon Emil Knappskog 1982	Board Member	-
GA Guillaume Adrien Loic De Forceville 1966	Board Member	-
JG Jean-Christophe Guimard 1964	Board Member	-
OM Ole Martin Gustavsen 1972	Board Member	-

Others

Name	Role	Shares
T TELL NORGE AS	Auditor	-
D DRAMMEN REGNSKAP AS	Accountant	-

Top 10 individual shareholders

Name	Role	Shares
EK Erling Knappskog Bjørn 1956	-	7.07 % indirectly
SK Sofie Knappskog Hilde 1984	-	6.22 % indirectly
EK Emil Knappskog Håkon 1982	-	6.22 % indirectly
HK Halvard Knappskog Bjørn 1990	-	6.22 % indirectly
KH Knappskog Håvard 1986	-	6.22 % indirectly

Last update: Mar 11, 2026

Ownership

Company shareholders

Name	Share class	Total number of shares	Share
P PEARL NORWAY AS Under liquidation	Ordinary shares	255,056,859	64.59 %
P PEMCO HOLDING AS	Ordinary shares	126,301,441	31.98 %
A AS CLIPPER	Ordinary shares	1,961,275	0.5 %
M MH CAPITAL AS	Ordinary shares	1,307,517	0.33 %
G GUNTVEDT HOLDING AS	Ordinary shares	615,646	0.16 %
T TIGHT HOLDING AS	Ordinary shares	599,999	0.15 %
J JACO INVEST AS	Ordinary shares	370,000	0.09 %
FG Fredrik Gjerpe Paul 1971	Ordinary shares	347,966	0.09 %
M MAMARI INVEST AS	Ordinary shares	323,191	0.08 %
GB Gundersen Børre 1975	Ordinary shares	300,232	0.08 %
A ARBAFLAME AS	Ordinary shares	258,599	0.07 %
NM Nicolai Magnus Disen Henrik 1979	Ordinary shares	250,001	0.06 %
SN Scharning Nyquist Cathrine 1979	Ordinary shares	232,493	0.06 %
CJ Christian Jørgensen Sofus 1976	Ordinary shares	230,231	0.06 %
B BÅTSTØA AS	Ordinary shares	220,000	0.06 %
J JOTELINO AS	Ordinary shares	196,127	0.05 %
S SHANE INVEST AS	Ordinary shares	174,606	0.04 %
DA David Aynsley Anthony 1971	Ordinary shares	152,242	0.04 %
JL Johan Lindmark Sven 1971	Ordinary shares	137,026	0.03 %
J JKB INVEST AS	Ordinary shares	130,751	0.03 %
S SANMAR EIENDOM AS	Ordinary shares	127,800	0.03 %
CF Christopher Fasting Espen 1969	Ordinary shares	99,000	0.03 %
JS Jaren Samuelsen Håkon 1989	Ordinary shares	93,020	0.02 %
G GOBLE INVEST AS	Ordinary shares	90,000	0.02 %
J JOPPE HOLDING AS	Ordinary shares	87,901	0.02 %
HC Henschien Christopher 1976	Ordinary shares	87,209	0.02 %
HE Haaskjold Eide Anders-Laurentius 1978	Ordinary shares	78,412	0.02 %
KA Kjos Arvid 1951	Ordinary shares	69,767	0.02 %
MS Myhre Sakshaug Jon 1989	Ordinary shares	61,185	0.02 %
WB Welde Bernt 1971	Ordinary shares	60,000	0.02 %
HC Henschien Christian 1975	Ordinary shares	52,325	< 0.01 %
BØ Bjørnstad Øivind 1959	Ordinary shares	50,000	< 0.01 %
P PLOT10540 AS	Ordinary shares	48,821	< 0.01 %
B B CONSULT AS	Ordinary shares	43,951	< 0.01 %
BM Bakkejord Marius 1990	Ordinary shares	40,614	< 0.01 %
MR Meland Røed Gerd 1941	Ordinary shares	36,645	< 0.01 %
A ANCORIS 1060 AS	Ordinary shares	35,300	< 0.01 %
BF Bjercke Fredrik 1990	Ordinary shares	34,953	< 0.01 %
MO Marius Opstad Christian 1981	Ordinary shares	32,701	< 0.01 %
VJ Victoria Julsvoll Anne 1992	Ordinary shares	30,120	< 0.01 %
O OAG HOLDING AS	Ordinary shares	30,000	< 0.01 %
N NORDIC VENTURE AS	Ordinary shares	24,832	< 0.01 %
H HJP INVEST AS	Ordinary shares	23,014	< 0.01 %
L LYSTBÅT INVEST AS	Ordinary shares	20,000	< 0.01 %
IM Iren Martinsen Isabella 1979	Ordinary shares	19,612	< 0.01 %
BD Banerjee Debajyoti 1981	Ordinary shares	19,200	< 0.01 %
TG Tetlie Garberg Håvard 1980	Ordinary shares	16,999	< 0.01 %
AS Amundsen Sidsel 1952	Ordinary shares	13,075	< 0.01 %
D DIGT OG FORBANNET LØGN AS	Ordinary shares	13,075	< 0.01 %
CH Celine Herrlin Sørensen Amalie 1992	Ordinary shares	12,117	< 0.01 %
BN Bruusgaard Nils 1980	Ordinary shares	12,000	< 0.01 %
FR Fredrik Rønning Carsten 1973	Ordinary shares	9,724	< 0.01 %
LR Lisbeth Rodvang Grete 1953	Ordinary shares	8,792	< 0.01 %
RB Rodvang Bjercke Sebastian 1993	Ordinary shares	7,033	< 0.01 %
EH Engborg Hage Aleksander 1986	Ordinary shares	6,965	< 0.01 %
T TIOMAN INVEST AS	Ordinary shares	6,527	< 0.01 %
JG Josefine Gren Emma 1983	Ordinary shares	3,517	< 0.01 %
MT Marcussen Traheim Alise 1992	Ordinary shares	3,483	< 0.01 %
CS Cecilie Scharning Anne 1952	Ordinary shares	2,120	< 0.01 %
GM Gjørv Mære Mattias 1992	Ordinary shares	1,759	< 0.01 %

Shares owned by the ARBAFLAME AS

Name	Share class	Total number of shares	Share
A ARBA ONE AS	Ordinary shares	82,250	100 %
A ARBA KIT AS	Ordinary shares	30,000	100 %
A ARBAFLAME TECHNOLOGY AS	Ordinary shares	100	100 %
L LTL NOR AS Under liquidation	Ordinary shares	145	72.5 %
A ARBAFLAME AS	Ordinary shares	258,599	0.07 %

Last update: Sep 25, 2026

Group structure

PEARL NORWAY AS
Total operating income 2025: NOK 0
Operating profit 2025: NOK -1,120,174
Employees: 0

Financials

in NOK

Summary

Year	2025	2023	2022	2021
Total operating income	7,010,000	5,562,512	11,898,929	11,198,003
Annual Total Result	-25,736,000	-21,224,063	-38,846,829	-52,079,715
Total assets	773,750,000	541,571,474	530,165,187	447,328,959
Total liabilities	158,383,000	77,476,648	95,176,518	93,969,415
Total equity	615,368,000	464,094,826	434,988,668	353,359,545

P&L

Year	2025	2023	2022	2021
Total operating income	7,010,000	5,562,512	11,898,929	11,198,003
Total operating costs	29,563,000	22,256,625	43,219,132	39,465,496
Operating result	-22,553,000	-16,694,113	-31,320,203	-28,267,493
Financial income/costs	-3,183,000	-4,529,949	-7,526,626	-23,812,222
Profit before tax	-25,736,000	-21,224,063	-38,846,829	-52,079,715
Total tax & extraordinary income/cost	0	0	0	0
Annual Total Result	-25,736,000	-21,224,063	-38,846,829	-52,079,715

Balance overview

Year	2025	2023	2022	2021
Total fixed assets	765,647,000	536,107,145	469,690,207	366,419,752
Total current assets	8,103,000	5,464,328	60,474,980	80,909,208
Total assets	773,750,000	541,571,474	530,165,187	447,328,959
Short term debt	149,984,000	74,596,990	61,306,088	57,677,756
Long term debt	8,399,000	2,879,658	33,870,430	36,291,659
Total liabilities	158,383,000	77,476,648	95,176,518	93,969,415
Contributed capital	840,526,000	642,294,416	613,188,259	492,712,306
Retained earnings	-225,158,000	-178,199,591	-178,199,591	-139,352,761
Total equity	615,368,000	464,094,826	434,988,668	353,359,545
Total equity and liabilities	773,751,000	541,571,474	530,165,187	447,328,959

Classification

21st company classification

BETA

Small company

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

ARBAFLAME AS989 227 815

ARBAFLAME AS

Links

Organization

Ownership

Financials

Management

Management / administration

Board

Others

Top 10 individual shareholders

Ownership

Company shareholders

Shares owned by the ARBAFLAME AS

Group structure

Financials

Summary

P&L

Balance overview

Classification