HYDROGEN SOURCE AS

Operating

Utvikle og kommersialisere hydrogen generering teknologi.

Utvikling og kommersialisering av hydrogen generering teknologi, hydrogen produksjon med CO2 lagring.

Keywords

engineering servicespowerenergytransportwatersewagedrainageindustrymanufacturingtelecommunicationsbroadcastingpolicy analysisregulationsexpert opinionswitness statementsmechanical engineeringautomotive engineeringchemical engineeringtechnical consulting

Organization

CEO: LS
Leonid Surguchev1960
Chairman of the board: LS
Leonid Surguchev1960
Years since formation: 9 years; since Aug 17, 2017
Type: Limited company
VAT registered: Yes
Number of employees: 0

Ownership

Number of shares and share classes: 2,038; 1 share class
Total number of shareholders: 9; companies

Financials

Total operating income 2025: 115,000; NOK
Annual total result 2025: -836,608; NOK
Total equity 2025: 194,691; NOK

Last update: Aug 11, 2026

Management

Management / administration

Name	Role	Shares
LS Leonid Surguchev 1960	Managing Director/CEO	12.64 % indirectly

Board

Name	Role	Shares
LS Leonid Surguchev 1960	Chairman	12.64 % indirectly
KM Kjetil Martin Stuland 1951	Board Member	1.28 % indirectly
ML Michael Leo Surguchev 1995	Board Member	23.47 % indirectly

Others

Name	Role	Shares
N NORVIK REVISJON AS	Accountant	-

Top 10 individual shareholders

Name	Role	Shares
JS Jacob Stolt-Nielsen 1963	-	33.37 % indirectly
ML Michael Leo Surguchev 1995	Board Member	23.47 % indirectly
LS Leonid Surguchev 1960	Managing Director/CEO, Chairman	12.64 % indirectly
KM Kjetil Martin Stuland 1951	Board Member	1.28 % indirectly

Last update: Aug 4, 2026

Ownership

Company shareholders

Name	Share class	Total number of shares	Share
F FSG AS	Ordinary shares	736	36.11 %
S STOLT-NIELSEN HOLDING AS	Ordinary shares	680	33.37 %
H HYDROGEN SOURCE AS	Ordinary shares	417	20.46 %
A ALBATROSS INVESTMENT AS	Ordinary shares	67	3.29 %
K KREFTING AS	Ordinary shares	34	1.67 %
L LETRON AS	Ordinary shares	34	1.67 %
S STELLA AS	Ordinary shares	34	1.67 %
T TECHNOLOGY VENTURE AS	Ordinary shares	26	1.28 %
H HEMACA AS	Ordinary shares	10	0.49 %

Shares owned by the HYDROGEN SOURCE AS

Name	Share class	Total number of shares	Share
H HYDROGEN SOURCE AS	Ordinary shares	417	20.46 %

Last update: Jun 2, 2025

Financials

in NOK

Summary

Year	2025	2024	2023	2022	2021
Total operating income	115,000	782,499	1,873,046	2,143,590	2,187,568
Annual Total Result	-836,608	-1,947,033	-849,342	474,069	-175,794
Total assets	2,120,260	2,791,843	4,401,701	2,513,449	1,369,066
Total liabilities	1,925,569	1,760,544	1,342,362	1,552,602	912,267
Total equity	194,691	1,031,299	3,059,339	960,849	456,799

P&L

Year	2025	2024	2023	2022	2021
Total operating income	115,000	782,499	1,873,046	2,143,590	2,187,568
Total operating costs	961,440	2,337,840	2,748,312	1,669,233	2,363,362
Operating result	-846,440	-1,555,341	-875,266	474,357	-175,794
Financial income/costs	9,832	-391,691	25,924	-288	0
Profit before tax	-836,608	-1,947,033	-849,342	474,069	-175,794
Total tax & extraordinary income/cost	0	0	0	0	0
Annual Total Result	-836,608	-1,947,033	-849,342	474,069	-175,794

Balance overview

Year	2025	2024	2023	2022	2021
Total fixed assets	1,932,357	1,942,073	2,032,851	1,407,375	0
Total current assets	187,903	849,770	2,368,850	1,106,074	1,369,066
Total assets	2,120,260	2,791,843	4,401,701	2,513,449	1,369,066
Short term debt	764,319	599,294	181,112	556,352	122,267
Long term debt	1,161,250	1,161,250	1,161,250	996,250	790,000
Total liabilities	1,925,569	1,760,544	1,342,362	1,552,602	912,267
Contributed capital	1,031,299	3,353,605	3,434,612	4,384,786	4,384,786
Retained earnings	-836,608	-2,322,306	-375,273	-3,423,937	-3,927,987
Total equity	194,691	1,031,299	3,059,339	960,849	456,799
Total equity and liabilities	2,120,260	2,791,843	4,401,701	2,513,451	1,369,066

Classification

21st company classification

BETA

Scaleup

HYDROGEN SOURCE AS919 419 539