Riskpilot← Back to searchSign inGet full accessNEL HYDROGEN ELECTROLYSER AS
ASActiveOrg 912185877Heddalsvegen 11, 3674 NotoddenManufacture of electric motors, generators and transformers · NACE 2711Est. 2013161 employees
Revenue 2025
NOK 582M
-43% vs 2024
EBITDA margin
-16.5%
-324% vs 2024
Equity ratio
69.4%
Financial strength
Net profit 2025
NOK -609,7M
-734% vs 2024
| Revenue | NOK 582M | -43% |
| EBITDA | NOK -96,1M | -324% |
| Net profit | NOK -609,7M | -734% |
| Total assets | NOK 1,9B | -18% |
| Equity | NOK 1,3B | -4% |
| Employees | 161 | — |
Legal name
NEL HYDROGEN ELECTROLYSER AS
Org number
912185877
Legal form
Aksjeselskap
NACE code
2711 · Manufacture of electric motors, generators and transformers
Founded
6. juli 2013
Share capital
NOK 250 000 000
Employees
161 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2025-12-31
Financial year
January – December
Signatory rights
Tre styremedlemmer i fellesskap. Styrets leder og ett styremedlem i fellesskap.
Company purpose
Å utvikle og bygge komplette produksjonsanlegg for hydrogen, og andre produkter/tjenester som naturlig faller sammen med dette, herunder å delta i andre selskaper med lignende virksomhet, og kjøp og salg av aksjer eller på annen måte gjøer seg interessert i andre foretagender.
Address
Heddalsvegen 11, 3674 Notodden
Risika for professionals
Risika provides regulated workflow tools for finance, procurement and compliance teams that need monitoring, alerts and an API.
| Item | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 34 133 | 69 326 | 60 882 | 48 930 | 65 965 | 68 892 | 68 969 | 93 896 | 56 480 | 342 015 | 876 575 | 1 012 537 | 581 952 |
| Staff expenses | −7 964 | −19 486 | −18 146 | −18 163 | −20 461 | −15 197 | −16 721 | −49 468 | −92 943 | −165 896 | −260 247 | −324 749 | −264 840 |
| EBITDA | 12 705 | 14 867 | 4 160 | −6 704 | −11 036 | −3 579 | −26 720 | −55 997 | −163 729 | −228 435 | −83 520 | 42 918 | −96 149 |
| Depreciation & amort. | −171 | −419 | −456 | −447 | −454 | −777 | −4 470 | −76 591 | −16 687 | −51 226 | −57 090 | −91 194 | −498 913 |
| EBIT | 12 535 | 14 449 | 3 704 | −7 151 | −11 490 | −4 356 | −31 190 | −132 588 | −180 416 | −279 662 | −140 609 | −48 276 | −595 062 |
| Net financials | 64 | 5 680 | 482 | −2 721 | 1 006 | −522 | −5 135 | −11 175 | −7 116 | −17 287 | −39 309 | −24 813 | −28 576 |
| Profit before tax | 12 598 | 20 129 | 4 186 | −9 871 | −10 484 | −4 878 | −36 325 | −143 763 | −187 532 | −296 949 | −179 918 | −73 089 | −623 637 |
| Tax | 3 411 | 4 073 | 685 | −1 721 | −2 199 | −1 170 | 2 109 | −0 | −0 | −0 | −0 | −0 | −13 944 |
| Net profit | 9 187 | 16 056 | 3 501 | −8 151 | −8 284 | −3 708 | −38 433 | −143 763 | −187 532 | −296 949 | −179 918 | −73 089 | −609 693 |
| Item | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | 28 589 | 54 116 | 62 633 | 89 526 | 112 357 | 150 089 | 230 689 | 389 539 | 774 386 | 1 074 874 | 1 909 340 | 2 336 070 | 1 909 082 |
| Equity | 10 175 | 14 496 | 17 997 | 29 094 | 23 472 | 37 222 | −777 | 66 652 | 322 492 | 515 558 | 963 867 | 1 381 637 | 1 325 002 |
| Long-term debt | 6 746 | 6 245 | 9 485 | 7 425 | 54 454 | 77 649 | 165 538 | 222 187 | 162 190 | 71 310 | 211 699 | 153 689 | 93 667 |
| Short-term debt | 11 668 | 33 376 | 35 151 | 53 007 | 34 432 | 35 218 | 65 928 | 96 950 | 285 954 | 488 007 | 733 774 | 800 744 | 490 413 |
| Total debt | 18 414 | 39 621 | 44 636 | 60 432 | 88 886 | 112 867 | 231 466 | 319 137 | 448 144 | 559 317 | 945 473 | 954 433 | 584 080 |
EBITDA margin
-16.5%
This company
15.8%
Market median
-204% vs market
20132025
Equity ratio
69.4%
This company
38.2%
Market median
+82% vs market
20132025
Return on equity
-46.0%
This company
18.4%
Market median
-350% vs market
20132025
Net profit margin
-104.8%
This company
8.1%
Market median
-1394% vs market
20132025
Asset turnover
0.30×
This company
1.12×
Market median
-73% vs market
20132025
Debt / equity
0.44×
This company
0.62×
Market median
+29% vs market
20132025
- Annual report 2025Filed via Brønnøysundsregistrene · Period 2025-01-01 – 2025-12-31
- Annual report 2024Filed via Brønnøysundsregistrene · Period 2024-01-01 – 2024-12-31
- Annual report 2023Filed via Brønnøysundsregistrene · Period 2023-01-01 – 2023-12-31
- Annual report 2022Filed via Brønnøysundsregistrene · Period 2022-01-01 – 2022-12-31
- Annual report 2021Filed via Brønnøysundsregistrene · Period 2021-01-01 – 2021-12-31
- Annual report 2020Filed via Brønnøysundsregistrene · Period 2020-01-01 – 2020-12-31
- Annual report 2019Filed via Brønnøysundsregistrene · Period 2019-01-01 – 2019-12-31
- Annual report 2018Filed via Brønnøysundsregistrene · Period 2018-01-01 – 2018-12-31
- Annual report 2017Filed via Brønnøysundsregistrene · Period 2017-01-01 – 2017-12-31
- Annual report 2016Filed via Brønnøysundsregistrene · Period 2016-01-01 – 2016-12-31
- Annual report 2015Filed via Brønnøysundsregistrene · Period 2015-01-01 – 2015-12-31
- Annual report 2014Filed via Brønnøysundsregistrene · Period 2014-01-01 – 2014-12-31
- Annual report 2013Filed via Brønnøysundsregistrene · Period 2013-01-01 – 2013-12-31
| Name | Role | Member since | Age | Other directorships |
|---|---|---|---|---|
EH Deputy Member | Deputy Member | 2023 | — | — |
HT Deputy Member | Deputy Member | 2023 | — | — |
TW Deputy Member | Deputy Member | 2026 | — | — |
KR Chief Executive Officer | Chief Executive Officer | 2022 | — | — |
ML Chief Executive Officer | Chief Executive Officer | 2026 | — | — |
EL Chief Executive Officer | Chief Executive Officer | 2021 | — | — |
| Name | Role | Member since | Age | Other directorships |
|---|---|---|---|---|
| Board of Directors | 2023 | — | — | |
| Board of Directors | 2022 | — | — | |
| Board of Directors | 2022 | — | — | |
| Board of Directors | 2022 | — | — | |
| Board of Directors | 2022 | — | — | |
| Board of Directors | 2025 | — | — | |
| Board of Directors | 2025 | — | — | |
| Chairman | 2020 | — | — | |
| Chairman | 2022 | — | — | |
| Board of Directors | 2022 | — | — | |
| Board of Directors | 2025 | — | — |
| Shareholder | Type | Ownership | Votes | Since |
|---|---|---|---|---|
Nel Asa | Company | 100.0% | 100.0% | 2024 |
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Nel Asa
NEL HYDROGEN ELECTROLYSER AS Board members of NEL HYDROGEN ELECTROLYSER AS also hold positions in 0 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Eivind Harald Bjørnerud | Deputy Member | 0 companies |
| Henning Tveiten Østeby | Deputy Member | 0 companies |
| Thomas Wennerød Firing | Deputy Member | 0 companies |
| Kai Rune Heggland | Chief Executive Officer | 0 companies |
| Mats Lennart Gösta Bohman | Chief Executive Officer | 0 companies |
| Erik Løkke-Øwre | Chief Executive Officer | 0 companies |
| David Lundberg Johansen | Board of Directors | 0 companies |
| Filip Smeets | Board of Directors | 0 companies |
| Hans Halvard Hide | Board of Directors | 0 companies |
| Torbjørn Berg | Board of Directors | 0 companies |
| Vazgen Karlsen | Board of Directors | 0 companies |
| Henning Viking Østeby | Board of Directors | 0 companies |
| Anne Liberg | Board of Directors | 0 companies |
| Jon Andre Løkke | Chairman | 0 companies |
| Kjell Christian Gyllensten Bjørnsen | Chairman | 0 companies |
| Øystein Anundskås | Board of Directors | 0 companies |
| Karianne Skillberg | Board of Directors | 0 companies |