HYTECH ENGINEERING & SERVICES AS

Hytech - Kverneland, Sola and Forus

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Keywords

repairmaintenanceindustrial machinerymachine bladesmachine sawswelding servicesautomotive weldingweldingagricultural machineryforkliftscommercial refrigeratorspumpscompressorsvalvesgearsdrive elementsprocess furnacesmaterial handling equipmentrefrigeration equipmentair cleaning equipmentagricultural tractorsharvestersscalesvending machinescash registersphotocopierspocket calculatorstypewriters

Organization

CEO: CE
Cato Erga1976
Chairman of the board: KE
Kenneth Erga1970
Years since formation: 26 years; since Jan 10, 1998
Type: Limited company
VAT registered: Yes
Number of employees: 13

Ownership

Number of shares and share classes: 400; 1 share class
Total number of shareholders: 1; company
Belongs to group of

Financials

Total operating income 2023: 25,085,316; NOK
Annual total result 2023: -2,779,238; NOK
Total equity 2023: 2,851,132; NOK

Last update: Aug 29, 2024

Management

Management / administration

Name	Role	Shares
CE Cato Erga 1976	Managing Director/CEO	45 % indirectly

Board

Name	Role	Shares
KE Kenneth Erga 1970	Chairman	55 % indirectly
CE Cato Erga 1976	Board Member	45 % indirectly

Others

Name	Role	Shares
E ERGA REVISJON AS	Auditor	-
P PRE SOLUTIONS AS	Accountant	-

Top 10 individual shareholders

Name	Role	Shares
KE Kenneth Erga 1970	Chairman	55 % indirectly
CE Cato Erga 1976	Managing Director/CEO, Board Member	45 % indirectly

Last update: Apr 13, 2023

Ownership

Company shareholders

Name	Share class	Number of shares	Share
H HYTECH AS	Ordinary shares	400	100 %

Last update: May 24, 2024

Group structure

HYTECH AS
Total operating income 2023: NOK 940,742
Operating profit 2023: NOK -2,826,574
Employees: 0

Financials

in NOK

Summary

Year	2023	2022	2021
Total operating income	25,085,316	20,723,318	18,631,998
Annual Total Result	-2,779,238	-2,883,734	-4,658,602
Total assets	11,848,576	15,415,040	15,295,496
Total liabilities	8,997,443	9,784,670	9,558,506
Total equity	2,851,132	5,630,371	5,736,990

P&L

Year	2023	2022	2021
Total operating income	25,085,316	20,723,318	18,631,998
Total operating costs	27,721,716	23,985,923	24,454,071
Operating result	-2,636,399	-3,262,605	-5,822,073
Financial income/costs	-924,086	-419,469	-125,833
Profit before tax	-3,560,485	-3,682,075	-5,947,906
Total tax & extraordinary income/cost	-781,247	-798,341	-1,289,304
Annual Total Result	-2,779,238	-2,883,734	-4,658,602

Balance overview

Year	2023	2022	2021
Total fixed assets	4,227,142	4,199,353	2,168,393
Total current assets	7,621,434	11,215,687	13,127,103
Total assets	11,848,576	15,415,040	15,295,496
Short term debt	8,997,443	9,784,670	9,558,506
Long term debt	0	0	0
Total liabilities	8,997,443	9,784,670	9,558,506
Contributed capital	2,851,132	5,630,371	5,736,990
Retained earnings	0	0	0
Total equity	2,851,132	5,630,371	5,736,990
Total equity and liabilities	11,848,576	15,415,040	15,295,496

HYTECH ENGINEERING & SERVICES AS979 484 127