Loading company…
Riskpilot
← Back to search
Sign in
Get full access
KITTILSVIKEN KRAFTVERK AS
AS
Active
Org 989736744
Hallingdalsvegen 1043, 3539 Flå
Production of electricity from renewable sources · NACE 3512
Est. 2006
1 employees
Watchlist
Share
Overview
Financials
People & ownership
Related companies
Revenue 2024
NOK 3M
-27% vs 2023
EBITDA margin
45.1%
-49% vs 2023
Equity ratio
90.9%
Financial strength
Net profit 2024
NOK 1M
-45% vs 2023
EBITDA — year on year
NOK millions
9M
7M
4M
2M
0M
0M
2020
3M
+300%
2021
7M
+133%
2022
3M
-57%
2023
1M
-67%
2024
Key figures
Annual report 2024
Revenue
NOK 3M
-27%
EBITDA
NOK 1,4M
-49%
Net profit
NOK 1M
-45%
Total assets
NOK 12,4M
+0%
Equity
NOK 11,3M
+3%
Employees
1
—
Company information
Legal name
KITTILSVIKEN KRAFTVERK AS
Org number
989736744
Legal form
Aksjeselskap
NACE code
3512 · Production of electricity from renewable sources
Founded
13. mai 2006
Share capital
NOK 125 000
Employees
1 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2024-12-31
Financial year
January – December
Signatory rights
Styrets leder alene.
Company purpose
Bygging og drift av småkraftverk i solheimselva i flå kommune samt alt som står i forbindelse med dette, herunder deltakelse i andre selskaper.
Contact
Address
Hallingdalsvegen 1043, 3539 Flå
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 Flå
All Norway companies
Revenue
NOK millions
0M
3M
5M
8M
10M
1M
2020
4M
2021
9M
2022
4M
2023
3M
2024
EBITDA
NOK millions
0M
2M
4M
6M
8M
0M
2020
3M
2021
7M
2022
3M
2023
1M
2024
Income statement
NOK thousands
Item
2020
2021
2022
2023
2024
Revenue
581
3 852
8 964
4 188
3 039
Staff expenses
−240
−156
−146
−340
−387
EBITDA
−83
2 925
7 441
2 681
1 371
Depreciation & amort.
−278
−271
−261
−261
−261
EBIT
−361
2 654
7 181
2 421
1 111
Net financials
−134
−115
−86
110
192
Profit before tax
−495
2 539
7 095
2 531
1 302
Tax
−109
559
1 561
693
287
Net profit
−386
1 980
5 534
1 838
1 016
Balance sheet
NOK thousands
Item
2020
2021
2022
2023
2024
Total assets
8 661
9 479
12 732
12 388
12 427
Equity
3 623
5 003
9 837
10 975
11 291
Long-term debt
4 928
2 928
0
0
0
Short-term debt
110
1 548
2 895
1 413
1 136
Total debt
5 038
4 476
2 895
1 413
1 136
Financial ratios
5-year trend
EBITDA margin
45.1%
This company
15.8%
Market median
+185% vs market
2020
2024
Equity ratio
90.9%
This company
38.2%
Market median
+138% vs market
2020
2024
Return on equity
9.0%
This company
18.4%
Market median
-51% vs market
2020
2024
Net profit margin
33.4%
This company
8.1%
Market median
+312% vs market
2020
2024
Asset turnover
0.24×
This company
1.12×
Market median
-79% vs market
2020
2024
Debt / equity
0.10×
This company
0.62×
Market median
+84% 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
Name
Role
Member since
Current (3)
AK
Amund Kittilsviken
Chairman
2006
EK
Erling Kittilsviken
Board of Directors
2006
KT
Kåre Trillhus
Board of Directors
2006
Shareholders
As of last annual report
Shareholder
Type
Ownership
Votes
Since
Vidju Holding As
Company
20%
20%
2022
Beneficial ownership (UBO) data access is restricted in Denmark as of September 2025 per the EU 6th AML Directive.
Learn more
.
Company hierarchy
Ål Kommune
Vidju Holding As
KITTILSVIKEN KRAFTVERK AS
(this company)
Board network connections
Board members of KITTILSVIKEN KRAFTVERK AS also hold positions in
0
other companies.
Person
Role here
Other companies
Amund Kittilsviken
Chairman
0 companies
Erling Kittilsviken
Board of Directors
0 companies
Kåre Trillhus
Board of Directors
0 companies