Loading company…
Riskpilot
← Back to search
Sign in
Get full access
HOELSFOSSEN ELVERK AS
AS
Active
Org 988470627
Production of electricity from renewable sources · NACE 3512
Est. 2005
0 employees
Watchlist
Share
Overview
Financials
People & ownership
Related companies
Revenue 2024
NOK 993K
+25% vs 2023
EBITDA margin
55.3%
+91% vs 2023
Equity ratio
41.2%
Financial strength
Net profit 2024
NOK 86K
+165% vs 2023
EBITDA — year on year
NOK millions
1M
1M
0M
-1M
-1M
-1M
2020
1M
+200%
2021
0M
-100%
2022
0M
0%
2023
1M
+100%
2024
Key figures
Annual report 2024
Revenue
NOK 993K
+25%
EBITDA
NOK 549K
+91%
Net profit
NOK 86K
+165%
Total assets
NOK 5,5M
-5%
Equity
NOK 2,3M
+0%
Employees
0
—
Company information
Legal name
HOELSFOSSEN ELVERK AS
Org number
988470627
Legal form
Aksjeselskap
NACE code
3512 · Production of electricity from renewable sources
Founded
22. august 2005
Share capital
NOK 480 000
Employees
0
VAT registered
Yes
Audit selected
No
Last report
2024-12-31
Financial year
January – December
Signatory rights
Styreleiar og ein styremedlem i fellesskap.
Company purpose
Produksjon og salg av vasskraft med det som naturleg kan høyre inn under bransjen, også delta i liknande selskap.
Contact
Address
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 Production of electricity from renewable sources
Companies in Fjord
All Norway companies
Revenue
NOK millions
0M
0M
1M
1M
1M
0M
2020
1M
2021
1M
2022
1M
2023
1M
2024
EBITDA
NOK millions
0M
0M
1M
1M
1M
-1M
2020
1M
2021
0M
2022
0M
2023
1M
2024
Income statement
NOK thousands
Item
2020
2021
2022
2023
2024
Revenue
199
1 167
936
795
993
Staff expenses
−11
−170
−196
−55
−111
EBITDA
−815
713
421
287
549
Depreciation & amort.
−216
−216
−216
−216
−216
EBIT
−1 031
497
204
71
334
Net financials
−120
−130
−140
−239
−224
Profit before tax
−1 151
367
64
−167
110
Tax
−253
81
14
−35
24
Net profit
−898
286
50
−132
86
Balance sheet
NOK thousands
Item
2020
2021
2022
2023
2024
Total assets
6 338
6 599
6 260
5 857
5 546
Equity
2 282
2 519
2 521
2 293
2 283
Long-term debt
3 953
3 766
3 508
3 250
2 992
Short-term debt
104
314
231
314
272
Total debt
4 056
4 080
3 738
3 564
3 263
Financial ratios
5-year trend
EBITDA margin
55.3%
This company
15.8%
Market median
+250% vs market
2020
2024
Equity ratio
41.2%
This company
38.2%
Market median
+8% vs market
2020
2024
Return on equity
3.8%
This company
18.4%
Market median
-79% vs market
2020
2024
Net profit margin
8.6%
This company
8.1%
Market median
+6% vs market
2020
2024
Asset turnover
0.18×
This company
1.12×
Market median
-84% vs market
2020
2024
Debt / equity
1.43×
This company
0.62×
Market median
-131% 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
No data on file.
Board of directors
Non-executive oversight
No data on file.
Shareholders
As of last annual report
Shareholder
Type
Ownership
Votes
Since
Tore Hoel
Individual
23.33%
23.33%
2022
Erla Torun Hoel
Individual
23.33%
23.33%
2022
Anders Jørgen Gjerde
Individual
17.5%
17.5%
2022
Alf Peter Hoel
Individual
12.71%
12.71%
2022
Gunnar Hoel
Individual
11.67%
11.67%
2024
Stig Johnny Hoel
Individual
11.46%
11.46%
2022
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 HOELSFOSSEN ELVERK AS also hold positions in
0
other companies.
Person
Role here
Other companies