USTEKVEIKJA ENERGI AS

Operating

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Omsetning av elektrisk kraft til sluttbrukere og virksomhet som står i naturlig forbindelse med dette, samt eie aksjer i selskaper som driver tilsvarende virksomhet.

Omsette og overføre elektrisk kraft og å drive annen virksomhet i forbindelse med dette, herunder evt. å kjøpe og/eller bygge ut og drive kraftverk og overføringsanlegg, og å delta i andre selskaper med lignende virksomhet.

Organization

CEO: JO
Jan Olav Helle Trillhus1969
Chairman of the board: AJ
Anders Johan Kvamme1974
Years since formation: 31 years; since Mar 12, 1995
Type: Limited company
VAT registered: Yes
Number of employees: 13

Ownership

Number of shares and share classes: 1,100; 1 share class
Total number of shareholders: 1; company
Belongs to group of

Financials

Total operating income 2025: 619,026,000; NOK
Annual total result 2025: 1,760,000; NOK
Total equity 2025: 138,450,000; NOK

Last update: Jun 27, 2026

Management

Management / administration

Name	Role	Shares
JO Jan Olav Helle Trillhus 1969	Managing Director/CEO	-

Board

Name	Role	Shares
AJ Anders Johan Kvamme 1974	Chairman	-
IS Ingrid Svensrud 1976	Board Member	-
HS Heine Sebjørnsen 1972	Board Member	-

Others

Name	Role	Shares
E ERNST & YOUNG AS	Auditor	-

Last update: Sep 27, 2024

Ownership

Company shareholders

Name	Share class	Total number of shares	Share
Y YVE AS	Ordinary shares	1,100	100 %

Last update: Jun 2, 2025

Group structure

YVE AS
Total operating income 2025: NOK 90,931,000
Operating profit 2025: NOK 1,055,000
Employees: 43

Financials

in NOK

Summary

Year	2025	2024	2023	2022	2021
Total operating income	619,026,000	612,082,000	1,140,474,811	2,701,465,755	1,518,829,198
Annual Total Result	1,760,000	9,926,000	14,223,136	-19,595,847	22,727,901
Total assets	246,565,000	254,137,000	397,533,691	981,809,764	1,320,668,252
Total liabilities	108,115,000	136,897,000	259,136,311	832,772,822	1,152,035,462
Total equity	138,450,000	117,240,000	138,397,380	149,036,943	168,632,789

P&L

Year	2025	2024	2023	2022	2021
Total operating income	619,026,000	612,082,000	1,140,474,811	2,701,465,755	1,518,829,198
Total operating costs	615,093,000	597,202,000	1,136,012,255	2,719,519,251	1,493,462,253
Operating result	3,933,000	14,880,000	4,462,556	-18,053,495	25,366,945
Financial income/costs	-1,114,000	-2,154,000	11,582,179	-5,965,654	34,321
Profit before tax	2,819,000	12,726,000	16,044,735	-24,019,149	25,401,266
Total tax & extraordinary income/cost	1,059,000	2,800,000	1,821,599	-4,423,302	2,673,365
Annual Total Result	1,760,000	9,926,000	14,223,136	-19,595,847	22,727,901

Balance overview

Year	2025	2024	2023	2022	2021
Total fixed assets	4,048,000	8,229,000	5,182,993	24,285,455	154,629,523
Total current assets	242,517,000	245,908,000	392,350,698	957,524,309	1,166,038,729
Total assets	246,565,000	254,137,000	397,533,691	981,809,764	1,320,668,252
Short term debt	106,670,000	136,897,000	259,136,311	829,982,316	1,148,153,738
Long term debt	1,445,000	0	0	2,790,505	3,881,724
Total liabilities	108,115,000	136,897,000	259,136,311	832,772,822	1,152,035,462
Contributed capital	11,800,000	117,240,000	11,800,000	11,800,000	11,800,000
Retained earnings	126,650,000	0	126,597,380	137,236,943	156,832,789
Total equity	138,450,000	117,240,000	138,397,380	149,036,943	168,632,789
Total equity and liabilities	246,565,000	254,137,000	397,533,691	981,809,764	1,320,668,252

Classification

21st company classification

BETA

Industrial large enterprise

Type of organization

Limited company

Classification of institutional sector

INNL

Domestic sectors

A_IKKE-FIN

Non-financial corporations

1520

Public incorporated enterprises, owned by local government

USTEKVEIKJA ENERGI AS965 809 090