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ARCTIC GRID AS
AS
Active
Org 931701908
Nordmoveien 3, 8618 Mo I Rana
Construction of utility projects for electricity and telecommunications · NACE 4222
Est. 2023
5 employees
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Full Risika report
Overview
Financials
People & ownership
Related companies
Revenue 2024
NOK 0
EBITDA margin
—
Equity ratio
98.7%
Financial strength
Net profit 2024
NOK 3,5M
5 employees
EBITDA — year on year
NOK millions
0M
-2M
-4M
-6M
-8M
0M
2023
-6M
-600%
2024
Key figures
Annual report 2024
Revenue
NOK 0
—
EBITDA
NOK -5,7M
—
Net profit
NOK 3,5M
—
Total assets
NOK 6,7M
+113%
Equity
NOK 6,7M
+112%
Employees
5
—
Company information
Legal name
ARCTIC GRID AS
Org number
931701908
Legal form
Aksjeselskap
NACE code
4222 · Construction of utility projects for electricity and telecommunications
Founded
27. september 2023
Share capital
NOK 30 000
Employees
5 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2024-12-31
Financial year
January – December
Signatory rights
Styrets medlemmer hver for seg.
Company purpose
Bygging av anlegg for elektrisitet og telekommunikasjon på land.
Contact
Address
Nordmoveien 3, 8618 Mo I Rana
Risika for professionals
Risika provides regulated workflow tools for finance, procurement and compliance teams that need monitoring, alerts and an API.
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Explore
Companies in Construction of utility projects for electricity and telecommunications
Companies in Rana
All Norway companies
Revenue
NOK millions
0M
0M
1M
1M
1M
0M
2023
0M
2024
EBITDA
NOK millions
0M
0M
1M
1M
1M
0M
2023
-6M
2024
Income statement
NOK thousands
Item
2023
2024
Revenue
0
0
Staff expenses
−0
−0
EBITDA
0
−5 711
Depreciation & amort.
−0
−0
EBIT
0
−5 711
Net financials
0
9 236
Profit before tax
0
3 525
Tax
−0
−0
Net profit
0
3 525
Balance sheet
NOK thousands
Item
2023
2024
Total assets
3 166
6 745
Equity
3 135
6 660
Long-term debt
0
0
Short-term debt
31
86
Total debt
31
86
Financial ratios
5-year trend
EBITDA margin
-571125300.0%
This company
15.8%
Market median
-3614717189% vs market
2023
2024
Equity ratio
98.7%
This company
38.2%
Market median
+158% vs market
2023
2024
Return on equity
52.9%
This company
18.4%
Market median
+188% vs market
2023
2024
Net profit margin
352474700.0%
This company
8.1%
Market median
+4351539406% vs market
2023
2024
Asset turnover
0.00×
This company
1.12×
Market median
-100% vs market
2023
2024
Debt / equity
0.01×
This company
0.62×
Market median
+98% vs market
2023
2024
Annual reports & filings
Annual report 2024
Filed via Brønnøysundsregistrene · Period 2024-01-01 – 2024-12-31
View
PDF
Annual report 2023
Filed via Brønnøysundsregistrene · Period 2023-09-06 – 2023-12-31
View
PDF
Management
Actively employed in the business
No data on file.
Board of directors
Non-executive oversight
Name
Role
Member since
Current (1)
BH
Bjørnar Hundnes
Chairman
2023
Former (1)
SD
Ståle Drivdal Frøytland
Board of Directors
2023 – 2025
Shareholders
As of last annual report
Shareholder
Type
Ownership
Votes
Since
Hholding As
Company
50%
50%
2024
Digi Holding As
Company
50%
50%
2024
Beneficial ownership (UBO) data access is restricted in Denmark as of September 2025 per the EU 6th AML Directive.
Learn more
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Company hierarchy
Hholding As
ARCTIC GRID AS
(this company)
FOTECH AS
BLÅSEISOLERING SØRVEST AS
INSTALL NORGE AS
INSTALL FIBER AS
Board network connections
Board members of ARCTIC GRID AS also hold positions in
0
other companies.
Person
Role here
Other companies
Ståle Drivdal Frøytland
Board of Directors
0 companies
Bjørnar Hundnes
Chairman
0 companies