BLUEBERRY CAPITAL AS

Operating

Blueberry Capital – Kunsten å sette det i system

For investorer, av investorer Blueberry Capital er et investeringsfond som ble grunnlagt i 2010. Vi har siden oppstart levert en solid risikojustert avkastning på 14,5% årlig og over 510% totalt. Fondet Blueberry Capital AS er et investeringsselskap som er registrert som et Alternativt Investeringsfond (AIF) hos Finanstilsynet i Norge. Det innebærer at innholdet på følgende…

Å investere i aksjer, andeler og andre finansielle instrumenter samt delta i annen næringsvirksomhet som naturlig hører sammen med slik investeringsvirksomhet.

I et investeringselskap lukket for allmenheten gjøres finansielle plasseringer i hovedsaklig likvide finansielle papirer, slik som aksjer og fondsandeler.

Organization

CEO: MB
Marius Borthen1985
Chairman of the board: FM
Finn Magnus Flesland Torall1986
Years since formation: 16 years; since Jun 17, 2010
Type: Limited company
VAT registered: No
Number of employees: 0

Ownership

Number of shares and share classes: 19,360; 2 share classes
Total number of shareholders: 173; 117 companies, 56 persons

Financials

Total operating income 2025: 117,674,379; NOK
Annual total result 2025: 89,260,889; NOK
Total equity 2025: 770,403,393; NOK

Last update: Jul 23, 2026

Management

Management / administration

Name	Role	Shares
MB Marius Borthen 1985	Managing Director/CEO	-

Board

Name	Role	Shares
FM Finn Magnus Flesland Torall 1986	Chairman	-
LS Lena Skeie 1973	Board Member	-
MH Morten Henrik Kielland 1952	Board Member	-
BL Birgit Lovise Røkkum Skarstein 1989	Board Member	-
HV Henrik Vestnes 1981	Board Member	-

Others

Name	Role	Shares
C CROWE PARTNER REVISJON AS	Auditor	-
E ECIT VEIBY AKONTO AS	Accountant	-

Top 10 individual shareholders

Name	Role	Shares
MF Magnus Flesland Torall Finn 1986	-	5.11 % indirectly
PO Peter Olsen Jebsen Thomas 1988	-	4.12 % indirectly
KT Kolberg Terje 1978	-	4 % indirectly
KR Kolberg Roger 1975	-	4 % indirectly
SL Skeie Lena 1973	-	3.28 % indirectly
WO Wiig Oddmund 1958	-	2.28 % indirectly
VH Vestnes Henrik 1981	-	1.7 % indirectly
BM Borthen Marius 1985	-	1.6 % directly 0.13 % indirectly 1.47 %
TA Takle Atgeir 1975	-	1.56 % indirectly
WM Wiig Magnor 1987	-	1.55 % indirectly

Last update: Jul 27, 2026

Ownership

Company shareholders

Name	Share class	Total number of shares	Share
K KVERNMO HOLDING AS	Class B shares	1,550	8.01 %
T TORALL AS	Class B shares	990	5.11 %
B BEORN AS	Class B shares	797	4.12 %
L LESK AS	Class B shares	635	3.28 %
W WIKO AS	Class B shares	490	2.53 %
S SABINUM AS	Class B shares	472	2.44 %
M MOKASTET AS	Class B shares	315	1.63 %
A AASGARD INDUSTRIER AS	Class B shares	302	1.56 %
S STEELBIRD AS	Class B shares	296	1.53 %
A AURELIUS INVEST AS	Class B shares	290	1.5 %
M MAGELLAN CAPITAL AS	Class B shares	284	1.47 %
JR Johan Rieber Ulf 1964	Class B shares	280	1.45 %
J JÆREGG AS	Class B shares	251	1.3 %
M MARANELL AS	Class B shares	235	1.21 %
P PEM INVEST AS	Class B shares	231	1.19 %
A ANPARO AS	Class B shares	222	1.15 %
S SULEFJELL AS	Class B shares	214	1.11 %
HS Hjelmeland Skogvoll Marthe 1986	Class B shares	208	1.07 %
A ACANE AS	Class B shares	205	1.06 %
G GINOR AS	Class B shares	204	1.05 %
R RINGSTUN HOLDING AS	Class B shares	200	1.03 %
A ANGA KAPITAL AS	Class B shares	200	1.03 %
P PLG HOLDING AS	Class B shares	200	1.03 %
G GTBA FORVALTNING AS	Class B shares	200	1.03 %
L LBM INVEST AS	Class B shares	200	1.03 %
S SYNOVIA AS	Class B shares	196	1.01 %
N NICO INTERNATIONAL AS	Class B shares	189	0.98 %
R RCJ HOLDING AS	Class B shares	188	0.97 %
HK Henrik Kielland Morten 1952	Class B shares	188	0.97 %
B BIRGIT SKARSTEIN AS	Class B shares	168	0.87 %
K KARL SIVERT SUNDE AS	Class B shares	159	0.82 %
R RIEBER & SØN AS	Class B shares	158	0.82 %
C CADABRA AS	Class B shares	156	0.81 %
M MÅKSE AS	Class B shares	155	0.8 %
K KULA INVEST AS	Class B shares	150	0.77 %
S SELOJ2 AS	Class B shares	150	0.77 %
E EGEBERG HOLDING AS	Class B shares	149	0.77 %
P PGCP AS	Class B shares	144	0.74 %
Q QUALITY INVEST AS	Class B shares	140	0.72 %
O OBEY HOLDING AS	Class B shares	140	0.72 %
A AHB INVEST AS	Class B shares	140	0.72 %
WJ Walland Jakob 1954	Class B shares	140	0.72 %
C CROWN HILL CHARTERING AS	Class B shares	140	0.72 %
S STRØMME GRUPPEN AS	Class B shares	140	0.72 %
H HK-HOLDING AS	Class B shares	140	0.72 %
CS Christian Schou Carl 1958	Class B shares	139	0.72 %
K KRIMANI AS	Class B shares	138	0.71 %
S SMIDT & SMULE AS	Class B shares	137	0.71 %
M MAHEGA AS	Class B shares	133	0.69 %
O OTTERHAUG AS	Class B shares	133	0.69 %
FB Foss Børre 1966	Class B shares	133	0.69 %
P PRIMUS INVEST AS	Class B shares	130	0.67 %
I IKOS SUBSIDIARY AS	Class B shares	125	0.65 %
C CAMELIA AS	Class B shares	123	0.64 %
N NIPEN INVEST AS	Class B shares	112	0.58 %
SS Sønderland Skarbøvik Erik 1987	Class B shares	110	0.57 %
F FUGLEMYRA INVEST AS	Class B shares	110	0.57 %
H HANSH AS	Class B shares	109	0.56 %
BI Bakke Idar 1975	Class B shares	109	0.56 %
P PROTAGONISTA AS	Class B shares	106	0.55 %
MM Muggerud Morten 1960	Class B shares	103	0.53 %
W WILDHORN INVEST AS	Class B shares	100	0.52 %
S SATCOM NORDIC AS	Class B shares	100	0.52 %
C C. SMITH HOLDING AS	Class B shares	98	0.51 %
H HALLELUJA AS	Class B shares	98	0.51 %
B BASCAP AS	Class B shares	95	0.49 %
N NAVIO AS	Class B shares	90	0.46 %
OL Ola Larsen Hjelle John 1983	Class B shares	89	0.46 %
R RAPP & CO AS	Class B shares	88	0.45 %
LR Lie Roar 1957	Class B shares	88	0.45 %
L LAGA HOLDING AS	Class B shares	88	0.45 %
B BJØRNVOLD INVEST AS	Class B shares	86	0.44 %
A APO-NOR AS	Class B shares	85	0.44 %
K KYRVATN AS	Class B shares	84	0.43 %
G GJØVDAL FOSSEKOMPANI AS	Class B shares	84	0.43 %
E EILO INVEST AS	Class B shares	82	0.42 %
O ORYX INVEST AS	Class B shares	81	0.42 %
U UNHJEM INVEST AS	Class B shares	81	0.42 %
A ANDEBY CAPITAL AS	Class B shares	80	0.41 %
M MARIENLYST EIENDOM AS	Class B shares	80	0.41 %
HS Herman Smedsrud Tor 1987	Class B shares	78	0.4 %
EH Egil Holmen Tor 1965	Class B shares	75	0.39 %
K KHIH AS	Class B shares	75	0.39 %
L LA GRANJA AS	Class B shares	72	0.37 %
R REN INVESTMENTS AS	Class B shares	70	0.36 %
H HD CAPITAL AS	Class B shares	67	0.35 %
SL Smith Larsen Jørgen 1957	Class B shares	66	0.34 %
SW Salte Wiig Olav 1990	Class B shares	65	0.34 %
NA Nøst Arnesen Sondre 1986	Class B shares	65	0.34 %
SK Sommerfelt Kjelstad Kristian 1985	Class B shares	64	0.33 %
A ATTICUS AS	Class B shares	62	0.32 %
RE Rimstad Eivind 1985	Class B shares	62	0.32 %
L LILLEBY HOLDING AS	Class B shares	60	0.31 %
S SINGULARITY CAPITAL AS	Class B shares	60	0.31 %
MS Magnus Sommer Andreassen Harald 1956	Class B shares	60	0.31 %
K K2 KAPITAL AS	Class B shares	56	0.29 %
JA Johan Aarskog Steinar 1952	Class B shares	56	0.29 %
M MSC CAPITAL MANAGEMENT AS	Class B shares	56	0.29 %
B BONUS PATER AS	Class B shares	56	0.29 %
H HELLELAND HOLDING AS	Class B shares	56	0.29 %

Shares owned by the BLUEBERRY CAPITAL AS

Name	Share class	Total number of shares	Share
L LINK MOBILITY GROUP HOLDING ASA	Ordinary shares	900,000	0.29 %
E ELMERA GROUP ASA	Ordinary shares	190,000	0.17 %
P PEXIP HOLDING ASA	Ordinary shares	65,000	0.06 %
V VEND MARKETPLACES ASA	Ordinary shares	120,000	0.05 %
B BORREGAARD ASA	Ordinary shares	40,000	0.04 %
P PROTECTOR FORSIKRING ASA	Ordinary shares	20,000	0.02 %
Z ZAPTEC ASA	Ordinary shares	18,642	0.02 %
Y YARA INTERNATIONAL ASA	Ordinary shares	20,000	< 0.01 %

Last update: Sep 25, 2026

Financials

in NOK

Summary

Year	2025	2024	2023	2022
Total operating income	117,674,379	95,500,016	75,030,012	15,774,262
Annual Total Result	89,260,889	71,495,371	54,856,735	-16,660,133
Total assets	1,169,472,535	681,569,853	424,970,051	361,819,057
Total liabilities	399,069,142	126,006,333	20,256,866	37,382,756
Total equity	770,403,393	555,563,520	404,713,185	324,436,300

P&L

Year	2025	2024	2023	2022
Total operating income	117,674,379	95,500,016	75,030,012	15,774,262
Total operating costs	15,979,023	16,264,483	14,827,223	29,419,356
Operating result	101,695,356	79,235,533	60,202,789	-13,645,093
Financial income/costs	5,354,011	-4,041,586	-1,786,740	-2,734,089
Profit before tax	107,049,367	75,193,946	58,416,049	-16,379,182
Total tax & extraordinary income/cost	17,788,478	3,698,575	3,559,314	280,951
Annual Total Result	89,260,889	71,495,371	54,856,735	-16,660,133

Balance overview

Year	2025	2024	2023	2022
Total fixed assets	0	0	0	0
Total current assets	1,169,472,535	681,569,853	424,970,051	361,819,057
Total assets	1,169,472,535	681,569,853	424,970,051	361,819,057
Short term debt	383,148,606	121,754,756	20,256,866	37,382,756
Long term debt	15,920,536	4,251,577	0	0
Total liabilities	399,069,142	126,006,333	20,256,866	37,382,756
Contributed capital	491,241,832	365,624,179	289,749,030	260,849,066
Retained earnings	279,161,561	189,939,341	114,964,155	63,587,234
Total equity	770,403,393	555,563,520	404,713,185	324,436,300
Total equity and liabilities	1,169,472,535	681,569,853	424,970,051	361,819,057

Classification

21st company classification

BETA

Small company

Type of organization

Limited company

Standard industrial classification

BLUEBERRY CAPITAL AS995 632 381