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	-
GA Gustaf Aspelin 1977	Board Member	-

Others

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

Top 10 individual shareholders

Name	Role	Shares
FN Fredrik Natvig Aspelin Knut 1993	-	40.02 % indirectly
AG Aspelin Gustaf 1977	-	37.02 % indirectly
NA Nicoline Aspelin Jeanette 1980	-	10 % 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 PRE CHINA PRIVATE EQUITY I AS	Ordinary shares	926,911	5.72 %
P PIDI 2016 AS	A-shares	211,533	4.23 %
F FSYS AS	Ordinary shares	16,962,960	3.62 %
I ICON CAPITAL VIII AS	A-shares	1,000	2.37 %
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	Ordinary shares	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	Ordinary shares	150,000	0.94 %
S SWISS LIFE REF NORDIC 2020 AS	A-shares	600,000	0.75 %
J JENGAX AS Under liquidation	Ordinary shares	50,000	0.54 %
H HERMANA HOLDING ASA	Ordinary shares	50,585	0.37 %
G GFJORD INVEST AS	Ordinary shares	562,500	0.37 %
P PROTECTOR FORSIKRING ASA	Ordinary shares	275,000	0.33 %
L LUMI EDUCATION GROUP AS	NO0010927288	24,924	0.04 %
K KID ASA	Ordinary shares	12,700	0.03 %
S SPAREBANKEN SØR Closed	NO0006001502	7,533	0.02 %
M MULTICONSULT ASA	Ordinary shares	4,300	0.02 %
O ODFJELL SE	Ordinary shares	13,400	0.02 %
A AKVA GROUP ASA	Ordinary shares	8,100	0.02 %
S SPAREBANK 1 NORD-NORGE	Ordinary shares	19,300	0.02 %
E ELOPAK ASA	Ordinary shares	29,800	< 0.01 %
S SPAREBANKEN NORGE	Ordinary shares	13,000	< 0.01 %
E ELKEM ASA	Ordinary shares	68,600	< 0.01 %
O ORKLA ASA	Ordinary shares	19,200	< 0.01 %
N Norsk Hydro ASA	Ordinary shares	14,300	< 0.01 %
V Veidekke ASA	Ordinary shares	16,500	< 0.01 %
S STOREBRAND ASA	Ordinary shares	23,000	< 0.01 %
E EQUINOR ASA	Ordinary shares	11,100	< 0.01 %
A AUSTEVOLL SEAFOOD ASA	Ordinary shares	13,300	< 0.01 %
S SPAREBANKEN MØRE	Ordinary shares	6,900	< 0.01 %
S SPAREBANK 1 SØR-NORGE ASA	Ordinary shares	14,200	< 0.01 %
S SPAREBANK 1 SMN	Ordinary shares	14,700	< 0.01 %
S SALMAR ASA	Ordinary shares	6,800	< 0.01 %
L LERØY SEAFOOD GROUP ASA	Ordinary shares	68,300	< 0.01 %
T TGS ASA	Ordinary shares	18,200	< 0.01 %
Y YARA INTERNATIONAL ASA	Ordinary shares	8,200	< 0.01 %
L LIONERO AS	Ordinary shares	15,380	< 0.01 %
W WILH. WILHELMSEN HOLDING ASA	Ordinary shares	4,750	< 0.01 %
B BORREGAARD ASA	Ordinary shares	12,300	< 0.01 %

Last update: Sep 25, 2026

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

Standard industrial classification

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