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ARCTIC PIPING AS
AS
Active
Org 918446397
Astafjordveien 566, 9446 Grovfjord
Manufacture of tubes, pipes, hollow profiles and related fittings, of steel · NACE 2420
Est. 2017
6 employees
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Full Risika report
Overview
Financials
People & ownership
Related companies
Revenue 2025
NOK 5,6M
+7% vs 2024
EBITDA margin
19.1%
-2% vs 2024
Equity ratio
47.1%
Financial strength
Net profit 2025
NOK 952K
-12% vs 2024
EBITDA — year on year
NOK millions
1M
1M
0M
-1M
-1M
0M
2021
0M
0%
2022
-1M
-100%
2023
1M
+200%
2024
1M
0%
2025
Key figures
Annual report 2025
Revenue
NOK 5,6M
+7%
EBITDA
NOK 1,1M
-2%
Net profit
NOK 952K
-12%
Total assets
NOK 2,5M
+71%
Equity
NOK 1,2M
+90%
Employees
6
—
Company information
Legal name
ARCTIC PIPING AS
Org number
918446397
Legal form
Aksjeselskap
NACE code
2420 · Manufacture of tubes, pipes, hollow profiles and related fittings, of steel
Founded
26. januar 2017
Share capital
NOK 100 000
Employees
6 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2025-12-31
Financial year
January – December
Signatory rights
Daglig leder og styrets leder i fellesskap.
Company purpose
Produksjon av høytrykksrøranlegg, lavtrykksanlegg samt sveising av ulike skipssystemer, herav eksos og kjølesystem.
Contact
Address
Astafjordveien 566, 9446 Grovfjord
Phone
+4796689119
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Companies in Manufacture of tubes, pipes, hollow profiles and related fittings, of steel
Companies in Tjeldsund
All Norway companies
Revenue
NOK millions
0M
2M
3M
5M
7M
6M
2021
6M
2022
5M
2023
5M
2024
6M
2025
EBITDA
NOK millions
0M
0M
1M
1M
1M
0M
2021
0M
2022
-1M
2023
1M
2024
1M
2025
Income statement
NOK thousands
Item
2021
2022
2023
2024
2025
Revenue
5 813
6 285
4 820
5 216
5 593
Staff expenses
−5 188
−5 152
−4 334
−3 873
−4 267
EBITDA
−29
−417
−843
1 096
1 070
Depreciation & amort.
−25
−19
−18
−8
−8
EBIT
−54
−436
−861
1 088
1 062
Net financials
6
−1
−2
0
0
Profit before tax
−48
−437
−862
1 088
1 062
Tax
−11
83
−0
−0
110
Net profit
−37
−520
−862
1 088
952
Balance sheet
NOK thousands
Item
2021
2022
2023
2024
2025
Total assets
3 234
2 244
829
1 478
2 522
Equity
918
398
−464
624
1 187
Long-term debt
0
0
0
0
0
Short-term debt
2 315
1 846
1 293
854
1 335
Total debt
2 315
1 846
1 293
854
1 335
Financial ratios
5-year trend
EBITDA margin
19.1%
This company
15.8%
Market median
+21% vs market
2021
2025
Equity ratio
47.1%
This company
38.2%
Market median
+23% vs market
2021
2025
Return on equity
80.2%
This company
18.4%
Market median
+336% vs market
2021
2025
Net profit margin
17.0%
This company
8.1%
Market median
+110% vs market
2021
2025
Asset turnover
2.22×
This company
1.12×
Market median
+98% vs market
2021
2025
Debt / equity
1.12×
This company
0.62×
Market median
-81% vs market
2021
2025
Annual reports & filings
Annual report 2025
Filed via Brønnøysundsregistrene · Period 2025-01-01 – 2025-12-31
View
PDF
Annual report 2024
Filed via Brønnøysundsregistrene · Period 2024-01-01 – 2024-12-31
View
PDF
Annual report 2023
Filed via Brønnøysundsregistrene · Period 2023-01-01 – 2023-12-31
View
PDF
Annual report 2022
Filed via Brønnøysundsregistrene · Period 2022-01-01 – 2022-12-31
View
PDF
Annual report 2021
Filed via Brønnøysundsregistrene · Period 2021-01-01 – 2021-12-31
View
PDF
Management
Actively employed in the business
Name
Role
Member since
Current (1)
KD
Kjell Dag Olsen
Chief Executive Officer
Chief Executive Officer
2017
Board of directors
Non-executive oversight
Name
Role
Member since
Current (2)
EM
Elisabeth Meek
Board of Directors
2024
BM
Bård Markus Hansen
Chairman
2020
Shareholders
As of last annual report
Shareholder
Type
Ownership
Votes
Since
Grovfjord Industrier As
Company
51%
51%
2024
Grovgaarden As
Company
49%
49%
2024
Unknown
Individual
49%
49%
2022
Beneficial ownership (UBO) data access is restricted in Denmark as of September 2025 per the EU 6th AML Directive.
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Company hierarchy
Arbaa As
Grovfjord Industrier As
ARCTIC PIPING AS
(this company)
Board network connections
Board members of ARCTIC PIPING AS also hold positions in
0
other companies.
Person
Role here
Other companies
Kjell Dag Olsen
Chief Executive Officer
0 companies
Elisabeth Meek
Board of Directors
0 companies
Bård Markus Hansen
Chairman
0 companies