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POWER SYSTEM AS
AS
Active
Org 937920407
Lindebergveien 18, 2016 Frogner
Wholesale of mining, construction and civil engineering machinery · NACE 4663
Est. 1985
4 employees
Watchlist
Share
Overview
Financials
People & ownership
Related companies
Revenue 2024
NOK 6,4M
-23% vs 2023
EBITDA margin
-40.4%
-144% vs 2023
Equity ratio
82.7%
Financial strength
Net profit 2024
NOK -2,7M
-128% vs 2023
EBITDA — year on year
NOK millions
1M
0M
-1M
-3M
-4M
-1M
2020
0M
+100%
2021
1M
+100%
2022
-1M
-200%
2023
-3M
-200%
2024
Key figures
Annual report 2024
Revenue
NOK 6,4M
-23%
EBITDA
NOK -2,6M
-144%
Net profit
NOK -2,7M
-128%
Total assets
NOK 7,8M
-31%
Equity
NOK 6,4M
-30%
Employees
4
—
Company information
Legal name
POWER SYSTEM AS
Org number
937920407
Legal form
Aksjeselskap
NACE code
4663 · Wholesale of mining, construction and civil engineering machinery
Founded
30. juni 1985
Share capital
—
Employees
4 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2024-12-31
Financial year
January – December
Signatory rights
To styremedlemmer i fellesskap.
Contact
Address
Lindebergveien 18, 2016 Frogner
Phone
+4763866090
Email
post@powersystem.no
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Explore
Companies in Wholesale of mining, construction and civil engineering machinery
Companies in Lillestrøm
All Norway companies
Revenue
NOK millions
0M
4M
9M
13M
17M
11M
2020
15M
2021
10M
2022
8M
2023
6M
2024
EBITDA
NOK millions
0M
0M
1M
1M
1M
-1M
2020
0M
2021
1M
2022
-1M
2023
-3M
2024
Income statement
NOK thousands
Item
2020
2021
2022
2023
2024
Revenue
10 753
14 846
10 473
8 359
6 409
Staff expenses
−2 357
−2 056
−2 733
−2 292
−2 597
EBITDA
−1 461
37
502
−1 064
−2 591
Depreciation & amort.
−486
−486
−364
−205
−205
EBIT
−1 947
−449
138
−1 269
−2 796
Net financials
27
110
13
75
77
Profit before tax
−1 920
−339
150
−1 194
−2 719
Tax
−107
−0
−0
−0
−0
Net profit
−1 813
−339
150
−1 194
−2 719
Balance sheet
NOK thousands
Item
2020
2021
2022
2023
2024
Total assets
15 342
13 541
12 063
11 227
7 761
Equity
14 519
10 179
10 330
9 136
6 417
Long-term debt
0
0
0
0
0
Short-term debt
823
3 362
1 733
2 091
1 343
Total debt
823
3 362
1 733
2 091
1 343
Financial ratios
5-year trend
EBITDA margin
-40.4%
This company
15.8%
Market median
-356% vs market
2020
2024
Equity ratio
82.7%
This company
38.2%
Market median
+116% vs market
2020
2024
Return on equity
-42.4%
This company
18.4%
Market median
-330% vs market
2020
2024
Net profit margin
-42.4%
This company
8.1%
Market median
-623% vs market
2020
2024
Asset turnover
0.83×
This company
1.12×
Market median
+26% vs market
2020
2024
Debt / equity
0.21×
This company
0.62×
Market median
+66% vs market
2020
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 2023-01-01 – 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
Annual report 2020
Filed via Brønnøysundsregistrene · Period 2020-01-01 – 2020-12-31
View
PDF
Management
Actively employed in the business
Name
Role
Member since
Current (1)
GK
Geir Kristiansen
Chief Executive Officer
Chief Executive Officer
2008
Board of directors
Non-executive oversight
Name
Role
Member since
Current (1)
TK
Terje Kristiansen
Chairman
2022
Former (1)
ES
Erik Spæren Heier
Board of Directors
1995 – 2022
Shareholders
As of last annual report
No shareholder data available.
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
No registered parent or subsidiaries
Board network connections
Board members of POWER SYSTEM AS also hold positions in
0
other companies.
Person
Role here
Other companies
Geir Kristiansen
Chief Executive Officer
0 companies
Erik Spæren Heier
Board of Directors
0 companies
Terje Kristiansen
Chairman
0 companies