Riskpilot← Back to searchSign inGet full accessKYSTNETT AS
ASActiveOrg 923152601Strandveien 2, 8276 UlvsvågDistribution of electricity · NACE 3514Est. 201940 employeeskystnett.no
Revenue 2024
NOK 138,8M
-2% vs 2023
EBITDA margin
27.7%
-15% vs 2023
Equity ratio
72.4%
Financial strength
Net profit 2024
NOK 15,7M
-26% vs 2023
| Revenue | NOK 138,8M | -2% |
| EBITDA | NOK 38,4M | -15% |
| Net profit | NOK 15,7M | -26% |
| Total assets | NOK 442,4M | -3% |
| Equity | NOK 320,1M | +6% |
| Employees | 40 | — |
Legal name
KYSTNETT AS
Org number
923152601
Legal form
Aksjeselskap
NACE code
3514 · Distribution of electricity
Founded
1. august 2019
Share capital
NOK 700 000
Employees
40 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2024-12-31
Financial year
January – December
Signatory rights
Daglig leder og styrets leder i fellesskap eller styrets leder og ett styremedlem i fellesskap.
Company purpose
Å bygge, eie og drive anlegg for distribusjon av elektrisk energi med spenning opp til 22 kv innen områdekonsesjonen og tilsvarende for regionalnettanlegg med spenning opp til 132 kv, samt delta i andre selskap med naturlig tilknytning til slik virksomhet.
Address
Strandveien 2, 8276 Ulvsvåg
Phone
+4790231303
Email
kundeservice@kystnett.no
Website
kystnett.no
Risika for professionals
Risika provides regulated workflow tools for finance, procurement and compliance teams that need monitoring, alerts and an API.
| Item | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | 114 197 | 141 602 | 134 303 | 141 332 | 138 795 |
| Staff expenses | −38 226 | −20 629 | −23 352 | −24 784 | −29 333 |
| EBITDA | 22 486 | 37 616 | 48 396 | 45 175 | 38 408 |
| Depreciation & amort. | −12 489 | −14 370 | −14 906 | −15 462 | −16 437 |
| EBIT | 9 997 | 23 247 | 33 490 | 29 713 | 21 971 |
| Net financials | −319 | −846 | −588 | −2 452 | −1 760 |
| Profit before tax | 9 678 | 22 400 | 32 902 | 27 261 | 20 211 |
| Tax | 2 155 | 4 956 | 7 269 | 6 042 | 4 483 |
| Net profit | 7 523 | 17 445 | 25 633 | 21 219 | 15 728 |
| Item | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Total assets | 427 093 | 428 189 | 428 946 | 457 451 | 442 378 |
| Equity | 279 934 | 286 966 | 291 965 | 301 490 | 320 144 |
| Long-term debt | 51 996 | 55 090 | 52 440 | 61 561 | 69 548 |
| Short-term debt | 82 591 | 78 128 | 66 212 | 78 344 | 51 904 |
| Total debt | 134 587 | 133 217 | 118 652 | 139 904 | 121 452 |
EBITDA margin
27.7%
This company
15.8%
Market median
+75% vs market
20202024
Equity ratio
72.4%
This company
38.2%
Market median
+90% vs market
20202024
Return on equity
4.9%
This company
18.4%
Market median
-73% vs market
20202024
Net profit margin
11.3%
This company
8.1%
Market median
+40% vs market
20202024
Asset turnover
0.31×
This company
1.12×
Market median
-72% vs market
20202024
Debt / equity
0.38×
This company
0.62×
Market median
+39% vs market
20202024
- 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
| Name | Role | Member since |
|---|---|---|
| Current (10) | ||
GA Deputy Member | Deputy Member | 2022 |
TO Deputy Member | Deputy Member | 2022 |
TP Deputy Member | Deputy Member | 2025 |
KR Deputy Member | Deputy Member | 2024 |
SH Deputy Member | Deputy Member | 2022 |
SG Deputy Member | Deputy Member | 2025 |
LK Deputy Member | Deputy Member | 2024 |
SE Deputy Member | Deputy Member | 2024 |
TS Deputy Member | Deputy Member | 2024 |
HE Chief Executive Officer | Chief Executive Officer | 2024 |
| Former (13) | ||
CF Deputy Member | Deputy Member | 2022 – 2024 |
KH Chief Executive Officer | Chief Executive Officer | 2021 – 2024 |
BE Deputy Member | Deputy Member | 2021 – 2022 |
RN Deputy Member | Deputy Member | 2022 – 2023 |
TS Deputy Member | Deputy Member | 2021 – 2022 |
AN Deputy Member | Deputy Member | 2021 – 2022 |
SE Deputy Member | Deputy Member | 2022 – 2024 |
AA Deputy Member | Deputy Member | 2022 – 2025 |
TK Deputy Member | Deputy Member | 2023 – 2025 |
TE Deputy Member | Deputy Member | 2022 – 2024 |
SA Deputy Member | Deputy Member | 2022 – 2024 |
TJ Chief Executive Officer | Chief Executive Officer | 2021 – 2021 |
SV Chief Executive Officer | Chief Executive Officer | 2019 – 2021 |
| Name | Role | Member since |
|---|---|---|
| Current (8) | ||
| Board of Directors | 2025 | |
| Board of Directors | 2022 | |
| Board of Directors | 2022 | |
| Board of Directors | 2022 | |
| Board of Directors | 2022 | |
| Deputy Chairman | 2024 | |
| Chairman | 2022 | |
| Board of Directors | 2024 | |
| Former (2) | ||
| Board of Directors | 2023 – 2025 | |
| Deputy Chairman | 2022 – 2024 | |
| Shareholder | Type | Ownership | Votes | Since |
|---|---|---|---|---|
| Company | 100% | 100% | 2024 |
Beneficial ownership (UBO) data access is restricted in Denmark as of September 2025 per the EU 6th AML Directive. Learn more.
Steigen Kommune
KYSTNETT AS Board members of KYSTNETT AS also hold positions in 0 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Christina Falch Holmvaag | Deputy Member | 0 companies |
| Klaus Henrik Hvassing | Chief Executive Officer | 0 companies |
| Beate Ellen Mariann Rahka-Knutsen | Deputy Member | 0 companies |
| Ronny Nilssen | Deputy Member | 0 companies |
| Thorbjørn Solhaug Olsen | Deputy Member | 0 companies |
| Agnar Nikolai Hansen | Deputy Member | 0 companies |
| Skjalg Emil Solhaug | Deputy Member | 0 companies |
| Geir Anders Hætta Berg | Deputy Member | 0 companies |
| Asbjørn Arnt Bye | Deputy Member | 0 companies |
| Thorbjørn Olsen Solhaug | Deputy Member | 0 companies |
| Tor Petter Olsen | Deputy Member | 0 companies |
| Tord Krister Steen Larssen | Deputy Member | 0 companies |
| Truls Eirik Aasjord | Deputy Member | 0 companies |
| Kine Renate Berg | Deputy Member | 0 companies |
| Svein Helge Nøstdal | Deputy Member | 0 companies |
| Stein Alf Mørtsell | Deputy Member | 0 companies |
| Sten Gustav Hilling | Deputy Member | 0 companies |
| Linn Kristin Hauge | Deputy Member | 0 companies |
| Sandra Ediassen Furuhagen | Deputy Member | 0 companies |
| Tordis Sofie Langseth | Deputy Member | 0 companies |
| Helge Egil Wågø Albertsen | Chief Executive Officer | 0 companies |
| Tone Jespersen | Chief Executive Officer | 0 companies |
| Stein Valle | Chief Executive Officer | 0 companies |
| Frode Tiltvik | Board of Directors | 0 companies |
| Emil Risvik Buseth | Board of Directors | 0 companies |
| Jan-Erik Skogvold | Board of Directors | 0 companies |
| Liv Edle Reffhaug | Board of Directors | 0 companies |
| Evy Marita Røymo | Deputy Chairman | 0 companies |
| Audun Tore Kosmo | Board of Directors | 0 companies |
| Lisbeth Korneliussen | Board of Directors | 0 companies |
| Jan-Folke Sandnes | Deputy Chairman | 0 companies |
| Sten-Rune Brekke | Chairman | 0 companies |
| Wibeke Aasjord Juul | Board of Directors | 0 companies |