BLUE BAY CLUB AS

Operating

Omfatte handel, investering i fast eiendom og verdipapirer samt annen virksomhet i tilknytning til dette, herunder deltagelse i andre selskaper med tilsvarende virksomhet gjennom egenkapital, lån eller ved avgivelse av garantier.

Konsulent- og rådgivningsvirksomhet innen investering i aksjer/verdipapirer og fast eindom.

Organization

CEO: HK
Harald Kaldestad1945
Chairman of the board: PM
Per Morten Alvenes1954
Years since formation: 19 years; since Apr 21, 2007
Type: Limited company
VAT registered: Yes
Number of employees: 0

Ownership

Number of shares and share classes: 8,856,173; 1 share class
Total number of shareholders: 195; 85 companies, 110 persons
Belongs to group of

Financials

Annual total result 2025: -140,937; NOK
Total equity 2025: 5,123,506; NOK

Last update: Jun 25, 2026

Management

Management / administration

Name	Role	Shares
HK Harald Kaldestad 1945	Managing Director/CEO	-

Board

Name	Role	Shares
PM Per Morten Alvenes 1954	Chairman	-
TG Tom Granlund 1944	Board Member	-
HK Harald Kaldestad 1945	Board Member	-

Others

Name	Role	Shares
M MGI REGNSKAP AS	Accountant	-

Top 10 individual shareholders

Name	Role	Shares
OS Osvald Sveinungson Abusdal Torgeir 1966	-	16.07 % indirectly
RK Rødningen Kåre 1967	-	11.41 % indirectly
GT Granlund Tom 1944	-	10.68 % directly
BA Berg Arvid 1944	-	9.82 % directly
KH Kaldestad Harald 1945	-	6.14 % directly
OS Olav Skeie Eirik 2005	-	5.4 % directly
TB Thorsrud Berg Rita 1983	-	4.46 % directly
MA Morten Alvenes Per 1954	-	3.86 % directly
FI Forus Ingve 1957	-	3.64 % indirectly
TØ Thorsrud Øyvind 1953	-	2.81 % indirectly

Last update: Jul 9, 2024

Ownership

Company shareholders

Name	Share class	Total number of shares	Share
M MOTA AS	Ordinary shares	1,423,181	16.07 %
R RØDNINGEN INVEST AS	Ordinary shares	1,010,149	11.41 %
GT Granlund Tom 1944	Ordinary shares	945,917	10.68 %
BA Berg Arvid 1944	Ordinary shares	869,851	9.82 %
KH Kaldestad Harald 1945	Ordinary shares	543,801	6.14 %
OS Olav Skeie Eirik 2005	Ordinary shares	478,025	5.4 %
TB Thorsrud Berg Rita 1983	Ordinary shares	395,000	4.46 %
MA Morten Alvenes Per 1954	Ordinary shares	342,184	3.86 %
F FORUS HOLDING AS	Ordinary shares	322,075	3.64 %
S SCARAMANGA CAPITAL	Ordinary shares	311,450	3.52 %
L LINGOTEXT AS	Ordinary shares	254,858	2.88 %
T THD AS	Ordinary shares	248,833	2.81 %
WH Wilhelm Hansteen Rolf 1959	Ordinary shares	227,613	2.57 %
A ARTO INVEST AS	Ordinary shares	198,468	2.24 %
M MARKEDSINVEST AS	Ordinary shares	148,921	1.68 %
H HANSCO INVEST AS	Ordinary shares	123,315	1.39 %
R ROLF HOFF AS	Ordinary shares	104,211	1.18 %
LN Lars Nøring Terje 1950	Ordinary shares	70,000	0.79 %
JM Johan Molvær Dag 1952	Ordinary shares	62,337	0.7 %
DL Dale Lindstad Bjørn 1963	Ordinary shares	56,000	0.63 %
KT Kallestad Tore 1949	Ordinary shares	55,917	0.63 %
C CLAN INVEST AS	Ordinary shares	48,392	0.55 %
FJ Freddy Johannessen Steinar 1942	Ordinary shares	42,956	0.49 %
R ROJA AS	Ordinary shares	38,612	0.44 %
HJ Hervåg Jan 1955	Ordinary shares	37,000	0.42 %
S SPARLI AS	Ordinary shares	36,390	0.41 %
DE Dyvi Espen 1972	Ordinary shares	27,523	0.31 %
N NAVIO AS	Ordinary shares	23,950	0.27 %
B BLUE BAY CLUB AS	Ordinary shares	21,957	0.25 %
JH Jarl Hjelle Kjell 1958	Ordinary shares	20,000	0.23 %
SS Sverre Skeie Jon 1964	Ordinary shares	13,886	0.16 %
N NORELTEAM HOLDING AS	Ordinary shares	12,856	0.15 %
F Flaaten Holding AS	Ordinary shares	12,812	0.14 %
GU Gunwor Udén Marina 1953	Ordinary shares	11,450	0.13 %
AW Asbjørn Wold Stein 1952	Ordinary shares	11,450	0.13 %
LA Ludvigsen Anders 1943	Ordinary shares	10,869	0.12 %
ZA Zapffe Audun 1964	Ordinary shares	10,073	0.11 %
MK Maria Kallay Ingeborg 1958	Ordinary shares	9,847	0.11 %
T TET INVEST AS	Ordinary shares	9,535	0.11 %
M MODALEN INVEST AS	Ordinary shares	9,083	0.1 %
AB Anton Berg Hans 1958	Ordinary shares	8,865	0.1 %
G GEVELT CONSULTING AS	Ordinary shares	8,781	0.1 %
M MORAMMA INVEST AS Closed	Ordinary shares	8,645	0.1 %
N NORDMANN HOLDING AS	Ordinary shares	8,586	0.1 %
KK Kvamme Kjartan 1968	Ordinary shares	8,273	0.09 %
S SEI BULGARIA AS	Ordinary shares	8,139	0.09 %
VT Veiberg Tormod 1964	Ordinary shares	7,588	0.09 %
OF Ole Fløtaker Bjørn 1946	Ordinary shares	6,450	0.07 %
KN Kåre Nernes Leif 1950	Ordinary shares	6,054	0.07 %
KH Kristine Haugbro Kaia 1975	Ordinary shares	5,766	0.07 %
HM Haugbro Mads 1972	Ordinary shares	5,766	0.07 %
IM Ingulf Medbø Jon 1954	Ordinary shares	5,738	0.06 %
S SKEDSMO MEDISINSKE SENTER AS	Ordinary shares	5,539	0.06 %
B BVK INVEST AS	Ordinary shares	5,500	0.06 %
MW Magne Wilhelmsen Leif 1946	Ordinary shares	5,454	0.06 %
V V&S INVEST AS	Ordinary shares	5,450	0.06 %
S STEINBRÅTEN INVEST AS	Ordinary shares	5,450	0.06 %
KT Kristina Talen Tinic 1951	Ordinary shares	5,289	0.06 %
HJ Haakon Johansen Svein 1943	Ordinary shares	4,628	0.05 %
EV Einar Volden Knut 1963	Ordinary shares	4,095	0.05 %
A AS ADMIRAL SHIPPING	Ordinary shares	3,450	0.04 %
MS Margrethe Solem Bertelsen Aase 1946	Ordinary shares	3,450	0.04 %
C CHRISIMA HOLDING AS	Ordinary shares	3,257	0.04 %
B BRANTENBORG AS	Ordinary shares	3,174	0.04 %
CW Colling Westerbø Knut 1977	Ordinary shares	3,172	0.04 %
S SPRINGAR AS	Ordinary shares	3,125	0.04 %
NO Neset Olav 1955	Ordinary shares	2,789	0.03 %
A ASKIM & SPYDEBERG SPAREBANK	Ordinary shares	2,691	0.03 %
VB Vaaland Burkey Tormod 1965	Ordinary shares	2,450	0.03 %
T TESTRA AS	Ordinary shares	2,225	0.03 %
MF Marton Fugledal Lars 1950	Ordinary shares	2,225	0.03 %
O OCTAVIAN AS	Ordinary shares	2,074	0.02 %
HP Haubjerg Petersen Erik 1965	Ordinary shares	2,039	0.02 %
FR Finstad Roger 1969	Ordinary shares	1,950	0.02 %
ØG Øglænd Grethe 1963	Ordinary shares	1,857	0.02 %
JH Jan Haughom Kjell 1945	Ordinary shares	1,757	0.02 %
D DR MATHIESEN AS	Ordinary shares	1,645	0.02 %
BG Brage Gundersen Kay 1980	Ordinary shares	1,539	0.02 %
DJ Dahl Jonny 1962	Ordinary shares	1,519	0.02 %
RT Rabben Terje 1957	Ordinary shares	1,519	0.02 %
CW Christine Wang Amy 1971	Ordinary shares	1,519	0.02 %
F FJELLJAKT AS	Ordinary shares	1,485	0.02 %
KF Kjellid Finn 1962	Ordinary shares	1,485	0.02 %
LC Leiv Christian Ulrich Engelschiøn Søren 1932	Ordinary shares	1,485	0.02 %
HT Hans Tormod Lie Morten 1958	Ordinary shares	1,450	0.02 %
CS Christian Schøyen Leif 1969	Ordinary shares	1,450	0.02 %
OU Ove Undseth Per 1932	Ordinary shares	1,450	0.02 %
IA Ivarna Aubert Holt Ida 1968	Ordinary shares	1,450	0.02 %
II Ivar Isaksen Per 1964	Ordinary shares	1,450	0.02 %
KA Karlsen Asbjørn 1950	Ordinary shares	1,450	0.02 %
G GEO INVEST AS	Ordinary shares	1,450	0.02 %
FA Fagermo Arnfinn 1965	Ordinary shares	1,420	0.02 %
B BETONGCONSULT EIENDOM AS	Ordinary shares	1,263	< 0.01 %
SS Solberg Sigurd 1946	Ordinary shares	1,200	< 0.01 %
BH Bryne Harald 1974	Ordinary shares	1,175	< 0.01 %
A AS ELOTERM	Ordinary shares	1,150	< 0.01 %
HF Hjortdahl Finn 1942	Ordinary shares	1,074	< 0.01 %
BL Brinch Lund Erik 1969	Ordinary shares	1,074	< 0.01 %
T THODA INVEST AS	Ordinary shares	1,074	< 0.01 %
G GEC HOLDING AS	Ordinary shares	1,074	< 0.01 %

Shares owned by the BLUE BAY CLUB AS

Name	Share class	Total number of shares	Share
B BLACK SEA HOLDING AS	Ordinary shares	65,690	65.69 %
B BLUE BAY CLUB AS	Ordinary shares	21,957	0.25 %

Last update: Sep 25, 2026

Group structure

BLUE BAY CLUB AS
Total operating income 2025: NOK 0
Operating profit 2025: NOK -191,662
Employees: 0

Financials

in NOK

Summary

Year	2025	2024	2023	2022	2021
Total operating income	0	0	118,948	125,663	61,940
Annual Total Result	-140,937	260,528	215,591	26,629	-1,207,183
Total assets	5,147,417	5,285,916	5,058,528	4,248,852	3,409,733
Total liabilities	23,910	21,472	54,319	109,172	82,063
Total equity	5,123,506	5,264,444	5,004,208	4,139,680	3,327,670

P&L

Year	2025	2024	2023	2022	2021
Total operating income	0	0	118,948	125,663	61,940
Total operating costs	191,662	176,582	443,006	494,721	909,210
Operating result	-191,662	-176,582	-324,057	-369,058	-847,270
Financial income/costs	50,724	437,110	539,649	395,687	-359,913
Profit before tax	-140,937	260,528	215,591	26,629	-1,207,183
Total tax & extraordinary income/cost	0	0	0	0	0
Annual Total Result	-140,937	260,528	215,591	26,629	-1,207,183

Balance overview

Year	2025	2024	2023	2022	2021
Total fixed assets	4,082,852	4,046,877	3,631,263	3,097,100	2,703,597
Total current assets	1,064,564	1,239,039	1,427,264	1,151,752	706,136
Total assets	5,147,417	5,285,916	5,058,528	4,248,852	3,409,733
Short term debt	23,910	21,472	54,319	109,172	82,063
Long term debt	0	0	0	0	0
Total liabilities	23,910	21,472	54,319	109,172	82,063
Contributed capital	112,170,173	112,170,173	112,170,465	113,642,084	112,856,703
Retained earnings	-107,046,666	-106,905,729	-107,166,257	-109,502,404	-109,529,033
Total equity	5,123,506	5,264,444	5,004,208	4,139,680	3,327,670
Total equity and liabilities	5,147,417	5,285,916	5,058,528	4,248,852	3,409,733

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

BLUE BAY CLUB AS991 157 883

BLUE BAY CLUB AS

Links

Organization

Ownership

Financials

Management

Management / administration

Board

Others

Top 10 individual shareholders

Ownership

Company shareholders

Shares owned by the BLUE BAY CLUB AS

Group structure

Financials

Summary

P&L

Balance overview

Classification