Loading company…
Riskpilot
← Back to search
Sign in
Get full access
HVITSAND ELEKTRO AS
AS
Active
Org 980666867
Gregorius Dagssons Gate 114B, 3746 Skien
Wholesale of other machinery and equipment · NACE 4664
Est. 1998
1 employees
www.hvitsand.no
Watchlist
Share
Overview
Financials
People & ownership
Related companies
Revenue 2024
NOK 442K
+73% vs 2023
EBITDA margin
46.7%
+123% vs 2023
Equity ratio
-13.6%
Financial strength
Net profit 2024
NOK 191K
+171% vs 2023
EBITDA — year on year
NOK millions
0M
-0M
-1M
-1M
-1M
0M
2020
0M
0%
2021
0M
0%
2022
0M
0%
2023
0M
0%
2024
Key figures
Annual report 2024
Revenue
NOK 442K
+73%
EBITDA
NOK 206K
+123%
Net profit
NOK 191K
+171%
Total assets
NOK 283K
-15%
Equity
NOK -38K
-123%
Employees
1
—
Company information
Legal name
HVITSAND ELEKTRO AS
Org number
980666867
Legal form
Aksjeselskap
NACE code
4664 · Wholesale of other machinery and equipment
Founded
31. desember 1998
Share capital
NOK 500 000
Employees
1 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2024-12-31
Financial year
January – December
Company purpose
Å drive kjøp og salg, samt deltagelse i annen virksomhet, og annet som naturlig hører inn under dette.
Contact
Address
Gregorius Dagssons Gate 114B, 3746 Skien
Website
www.hvitsand.no
Risika for professionals
Risika provides regulated workflow tools for finance, procurement and compliance teams that need monitoring, alerts and an API.
Visit risika.com
Explore
Companies in Wholesale of other machinery and equipment
Companies in Skien
All Norway companies
Revenue
NOK millions
0M
0M
1M
1M
1M
0M
2020
0M
2021
0M
2022
0M
2023
0M
2024
EBITDA
NOK millions
0M
0M
1M
1M
1M
0M
2020
0M
2021
0M
2022
0M
2023
0M
2024
Income statement
NOK thousands
Item
2020
2021
2022
2023
2024
Revenue
275
262
3
256
442
Staff expenses
−0
−18
−4
−59
−39
EBITDA
4
184
−67
93
206
Depreciation & amort.
−0
−0
−0
−0
−0
EBIT
4
184
−67
93
206
Net financials
−18
−15
−16
−22
−15
Profit before tax
−14
169
−83
71
191
Tax
−0
−0
−0
−0
−0
Net profit
−14
169
−83
71
191
Balance sheet
NOK thousands
Item
2020
2021
2022
2023
2024
Total assets
54
130
44
333
283
Equity
−786
−617
−700
170
−38
Long-term debt
0
0
0
0
0
Short-term debt
840
747
744
163
321
Total debt
840
747
744
163
321
Financial ratios
5-year trend
EBITDA margin
46.7%
This company
15.8%
Market median
+196% vs market
2020
2024
Equity ratio
-13.6%
This company
38.2%
Market median
-136% vs market
2020
2024
Return on equity
19122100.0%
This company
18.4%
Market median
+103924357% vs market
2020
2024
Net profit margin
43.3%
This company
8.1%
Market median
+435% vs market
2020
2024
Asset turnover
1.56×
This company
1.12×
Market median
+39% vs market
2020
2024
Debt / equity
8.35×
This company
0.62×
Market median
-1247% 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)
EK
Ellen Kittilsen Hvitsand
Deputy Member
Deputy Member
2003
Board of directors
Non-executive oversight
Name
Role
Member since
Current (1)
DH
Dag Hvitsand
Chairman
2003
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
.
Company hierarchy
No registered parent or subsidiaries
Board network connections
Board members of HVITSAND ELEKTRO AS also hold positions in
0
other companies.
Person
Role here
Other companies
Ellen Kittilsen Hvitsand
Deputy Member
0 companies
Dag Hvitsand
Chairman
0 companies