ARTEL AS

Operating

Investeringer i verdipapirer, fast eiendom, skip mv, drift av fast eiendom samt deltagelse i andre selskaper av enhver art.

Investeringer i aksjer, fondsandeler, verdipapirer og fast eiendom.

Organization

Chairman of the board: KG
Knut Gustaf Aspelin1949
Years since formation: 9 years; since Jul 18, 2017
Type: Limited company
VAT registered: No
Number of employees: 0

Ownership

Number of shares and share classes: 1,000; 1 share class
Total number of shareholders: 1; company
Belongs to group of

Financials

Total operating income 2025: 1,544,191; NOK
Annual total result 2025: 1,100,922,032; NOK

Last update: Jul 29, 2026

Management

Board

Name	Role	Shares
KG Knut Gustaf Aspelin 1949	Chairman	9.8 % indirectly
GA Gustaf Aspelin 1977	Board Member	40 % indirectly

Others

Name	Role	Shares
B BHL AS	Auditor	-
E EINAR F. HANSEN AS	Accountant	-

Top 10 individual shareholders

Name	Role	Shares
GA Gustaf Aspelin 1977	Board Member	40 % indirectly
KF Knut Fredrik Natvig Aspelin 1993	-	40 % indirectly
JN Jeanette Nicoline Aspelin 1980	-	10 % indirectly
KG Knut Gustaf Aspelin 1949	Chairman	9.8 % indirectly

Last update: Aug 27, 2026

Ownership

Company shareholders

Name	Share class	Total number of shares	Share
A ASPELIN HOLDING AS	Ordinary shares	1,000	100 %

Shares owned by the ARTEL AS

Name	Share class	Total number of shares	Share
K KGA EIENDOM AS	A-shares	100	100 %
P POSITRON ALTERNATIVE INVESTMENTS AS	Class B shares	3,428,429	9.17 %
P PRE CHINA PRIVATE EQUITY I AS	NO0010355746	926,911	5.72 %
P PIDI 2016 AS	Class B shares	1,851,610	4.01 %
R REINVESTMENTCO AS Under liquidation	Preference shares	341,015	3.62 %
F FSYS AS	NO0010636038	16,962,960	3.62 %
I ICON CAPITAL VIII AS	A-shares	1,000	3.21 %
G GREEN MINERALS AS	NO0010907744	454,500	3.11 %
D DELLIA GROUP ASA	NO0012697095	94,342	2.32 %
I ICON CAPITAL VI AS Closed	A-shares	13,230	2.22 %
O OLYMPIQUE NOREFJELL AS	Ordinary shares	1	2.22 %
I ICON CAPITAL VII AS	A-shares	18,000	2.1 %
I ICON CAPITAL V AS Closed	A-shares	7,800	1.68 %
P PRE CHINA PRIVATE EQUITY II AS	NO0010416951	535,500	1.35 %
U UNION REAL ESTATE FUND III HOLDING AS	Ordinary shares	463,615	1.13 %
F FREDERIK STANGS GATE 35 AS	Ordinary shares	10	1 %
L LYFSTONE AS	NO0010851546	150,000	0.94 %
S SWISS LIFE REF NORDIC 2020 AS	A-shares	600,000	0.75 %
B B2 IMPACT ASA	NO0010633951	2,300,000	0.62 %
J JENGAX AS Under liquidation	NO0012422767	50,000	0.54 %
M MAGNORA ASA	NO0010187032	354,096	0.54 %
C CLOUDBERRY CLEAN ENERGY ASA	NO0010876642	1,310,336	0.45 %
H HERMANA HOLDING ASA	NO0013401380	50,585	0.38 %
G GFJORD INVEST AS	NO0010827934	562,500	0.37 %
A ARCTICZYMES TECHNOLOGIES ASA	NO0010014632	48,257	0.09 %
N NORDIC SEMICONDUCTOR ASA	NO0003055501	100,000	0.05 %
L LUMI EDUCATION GROUP AS	NO0010927288	24,924	0.04 %
V VÅR ENERGI ASA	NO0011202772	897,100	0.04 %
S SPAREBANK 1 NORD-NORGE	NO0006000801	38,824	0.04 %
S SPAREBANKEN ØST	NO0006222009	6,602	0.03 %
S SPAREBANK 1 SMN	NO0006390301	37,745	0.03 %
L LERØY SEAFOOD GROUP ASA	NO0003096208	167,500	0.03 %
K KID ASA	NO0010743545	10,700	0.03 %
S SPAREBANKEN NORGE	NO0006000900	24,549	0.02 %
O ODFJELL SE	NO0003399909	15,600	0.02 %
A AKVA GROUP ASA	NO0003097503	8,200	0.02 %
S SPAREBANKEN SØR Closed	NO0006001502	7,533	0.02 %
E ELOPAK ASA	NO0011002586	23,100	< 0.01 %
B Bonheur ASA	NO0003110603	1,900	< 0.01 %
A AKER ASA	NO0010234552	7,000	< 0.01 %
M MULTICONSULT ASA	NO0010734338	3,000	< 0.01 %
E ELKEM ASA	NO0010816093	69,100	< 0.01 %
V Veidekke ASA	NO0005806802	16,600	< 0.01 %
O ORKLA ASA	NO0003733800	19,400	< 0.01 %
S STOREBRAND ASA	NO0003053605	19,800	< 0.01 %
S SPAREBANK 1 ØSTLANDET	NO0010751910	11,150	< 0.01 %
N Norsk Hydro ASA	NO0005052605	21,300	< 0.01 %
A AUSTEVOLL SEAFOOD ASA	NO0010073489	13,400	< 0.01 %
S SPAREBANKEN MØRE	NO0012483207	7,000	< 0.01 %
S SPAREBANK 1 HELGELAND	NO0010029804	3,779	< 0.01 %
S SPAREBANK 1 SØR-NORGE ASA	NO0010631567	38,329	< 0.01 %
S SALMAR ASA	NO0010310956	5,200	< 0.01 %
T TGS ASA	NO0003078800	18,300	< 0.01 %
E EQUINOR ASA	NO0010096985	9,200	< 0.01 %
R REC SILICON HOLDINGS AS	NO0010112675	2,000	< 0.01 %
B BLUENORD ASA	NO0010379266	140	< 0.01 %
Y YARA INTERNATIONAL ASA	NO0010208051	8,300	< 0.01 %
L LIONERO AS	NO0010298318	15,380	< 0.01 %
A AKER BP ASA	NO0010345853	25,000	< 0.01 %
W WILH. WILHELMSEN HOLDING ASA	NO0010571698	5,400	< 0.01 %
D DNB BANK ASA	NO0010161896	7,112	< 0.01 %
B BORREGAARD ASA	NO0010657505	9,600	< 0.01 %

Last update: Jun 2, 2025

Group structure

ASPELIN HOLDING AS
Total operating income 2025: NOK 1,052,500
Operating profit 2025: NOK -7,323,471
Employees: 0

Financials

in NOK

Summary

Year	2025	2024	2023	2022	2021
Total operating income	1,544,191	1,120,050	1,203,484	55,548,705	195,041,347
Annual Total Result	1,100,922,032	108,555,906	191,866,094	41,253,993	185,414,202
Total assets	0	2,213,701,690	1,990,075,408	1,630,085,826	1,509,872,711
Total liabilities	0	567,616,822	452,546,446	284,422,957	203,871,288
Total equity	0	1,646,084,868	1,537,528,963	1,345,662,869	1,306,001,423

P&L

Year	2025	2024	2023	2022	2021
Total operating income	1,544,191	1,120,050	1,203,484	55,548,705	195,041,347
Total operating costs	11,857,017	7,965,302	3,361,082	6,111,175	2,930,344
Operating result	-10,312,826	-6,845,252	-2,157,598	49,437,530	192,111,003
Financial income/costs	1,113,952,426	131,787,875	191,340,607	-7,112,210	-6,260,197
Profit before tax	1,103,639,600	124,942,623	189,183,010	42,325,320	185,850,806
Total tax & extraordinary income/cost	2,717,568	16,386,717	-2,683,084	1,071,327	436,604
Annual Total Result	1,100,922,032	108,555,906	191,866,094	41,253,993	185,414,202

Balance overview

Year	2024	2023	2022	2021
Total fixed assets	79,834,212	82,330,091	79,883,612	77,742,850
Total current assets	2,133,867,478	1,907,745,317	1,550,202,214	1,432,129,861
Total assets	2,213,701,690	1,990,075,408	1,630,085,826	1,509,872,711
Short term debt	567,560,561	452,546,447	284,335,048	203,761,401
Long term debt	56,261	-1	0	0
Total liabilities	567,616,822	452,546,446	284,422,957	203,871,288
Contributed capital	23,212,942	23,212,942	23,212,942	23,212,942
Retained earnings	1,622,871,926	1,514,316,021	1,322,449,927	1,282,788,481
Total equity	1,646,084,868	1,537,528,963	1,345,662,869	1,306,001,423
Total equity and liabilities	2,213,701,690	1,990,075,408	1,630,085,826	1,509,872,711

Classification

21st company classification

BETA

Industrial large enterprise

Type of organization

Limited company

Classification of institutional sector

INNL

Domestic sectors

A_IKKE-FIN

Non-financial corporations

2100

Private non-financial incorporated enterprises

ARTEL AS919 268 867

ARTEL AS

Organization

Ownership

Financials

Management

Board

Others

Top 10 individual shareholders

Ownership

Company shareholders

Shares owned by the ARTEL AS

Group structure

Financials

Summary

P&L

Balance overview

Classification