ESMART SYSTEMS AS

Organization

CEO: HB
Henrik Bache1984
Chairman of the board: LH
Lars Hubertus Hoffmann1977
Years since formation: 13 years; since Oct 4, 2012
Type: Limited company
VAT registered: Yes
Number of employees: 69

Ownership

Number of shares and share classes: 8,527,726; 6 share classes
Total number of shareholders: 134; 45 companies, 89 persons
Belongs to group of

Financials

Total operating income 2024: 61,928,000; NOK
Annual total result 2024: -74,758,000; NOK
Total equity 2024: 531,103,000; NOK

Last update: Sep 9, 2025

Management

Management / administration

Name	Role	Shares
HB Henrik Bache 1984	Managing Director/CEO	-

Board

Name	Role	Shares
MJ Michael James Donnelly 1961	Board Member	-
EA Erik Asbjørn Nordby Åsberg 1974	Board Member	-
LC Lillian Catherine Mary Shattock 1990	Board Member	-
LH Lars Hubertus Hoffmann 1977	Chairman	-
VE Vebjørn Eidsmo Ulserød 1984	Board Member	-
NJ Nicolas Jean-Etienne Piau 1976	Board Member	-
AE Andrew Evan Schwaitzberg 1986	Board Member	-

Others

Name	Role	Shares
D DELOITTE AS	Auditor	-
B BDO AS	Accountant	-

Top 10 individual shareholders

Name	Role	Shares
KH Knut Harry Helland Johansen 1958	-	1.44 % indirectly

Last update: Nov 21, 2024

Ownership

Company shareholders

Name	Share class	Total number of shares	Share
CP Capital Partners Sas Tilt	C-shares	1,713,867	20.1 %
MF Multi-Strategy Fund Lp Arosa	Class B shares	633,210	7.43 %
IF Impact Fund Lp Energy	Preference shares	571,210	6.7 %
QI Qsi Investment Tcs, Llc	C-shares	528,850	6.2 %
MF Multi-Strategy Fund Lp Arosa	F-shares	502,809	5.9 %
N NYSNØ KLIMAINVESTERINGER AS	Preference shares	336,008	3.94 %
E EQUINOR VENTURES AS	Preference shares	336,008	3.94 %
K KONGSBERG RENEWABLES TECHNOLOGIES AS	E-shares	294,838	3.46 %
K KONGSBERG RENEWABLES TECHNOLOGIES AS	Ordinary shares	288,169	3.38 %
EG Europe Gmbh Fev	Preference shares	268,806	3.15 %
IF Impact Fund Lp Energy	E-shares	229,130	2.69 %
IF Impact Fund Lp Energy	Class B shares	189,968	2.23 %
MF Multi-Strategy Fund Lp Arosa	C-shares	171,387	2.01 %
K KONGSBERG RENEWABLES TECHNOLOGIES AS	Class B shares	158,021	1.85 %
E EQUINOR VENTURES AS	E-shares	134,821	1.58 %
N NYSNØ KLIMAINVESTERINGER AS	E-shares	134,821	1.58 %
E EQUINOR VENTURES AS	Class B shares	113,857	1.34 %
N NYSNØ KLIMAINVESTERINGER AS	Class B shares	113,857	1.34 %
EG Europe Gmbh Fev	E-shares	108,011	1.27 %
IF Impact Fund Lp Energy	F-shares	105,748	1.24 %
K KONGSBERG RENEWABLES TECHNOLOGIES AS	F-shares	99,641	1.17 %
EG Europe Gmbh Fev	Class B shares	92,111	1.08 %
H HODNE KAPITAL INVEST AS	E-shares	87,136	1.02 %
S SMART INNOVATION HOLDING AS	Ordinary shares	86,496	1.01 %
F FREDRIKSTAD ENERGI AS	Ordinary shares	81,834	0.96 %
S SOGN OG FJORDANE ENERGI AS	Ordinary shares	76,728	0.9 %
K KONGSBERG RENEWABLES TECHNOLOGIES AS	Preference shares	70,001	0.82 %
S STEIN PÅ STEIN AS	E-shares	69,950	0.82 %
H HGJ AS	E-shares	69,950	0.82 %
K KVILHAUG INVEST AS	E-shares	69,950	0.82 %
N NYSNØ KLIMAINVESTERINGER AS	F-shares	62,416	0.73 %
IF Impact Fund Lp Energy	C-shares	53,864	0.63 %
EG Europe Gmbh Fev	F-shares	50,049	0.59 %
E EQUINOR VENTURES AS	F-shares	46,100	0.54 %
EG Europe Gmbh Fev	C-shares	45,050	0.53 %
E EQUINOR VENTURES AS	C-shares	43,092	0.51 %
E ECAPITAL AS	Ordinary shares	37,076	0.43 %
T THE ICT COMPANY AS	Preference shares	36,209	0.42 %
S SOGN OG FJORDANE ENERGI AS	E-shares	31,190	0.37 %
N NYSNØ KLIMAINVESTERINGER AS	C-shares	29,381	0.34 %
F FREDRIKSTEN FESTNINGSHOTELL DRIFT AS	Ordinary shares	24,692	0.29 %
F FREDRIKSTEN FESTNINGSHOTELL EIENDOM AS	Ordinary shares	24,692	0.29 %
T THE ICT COMPANY AS	Ordinary shares	22,692	0.27 %
F FRYDEN CONSULTING AS	Ordinary shares	18,155	0.21 %
O OMMANG INVEST AS	E-shares	15,268	0.18 %
SJ Sirosh Joseph	Ordinary shares	15,141	0.18 %
R ROSTSKYDD AS	Ordinary shares	15,039	0.18 %
JK Jørgen Kildahl 1963	Ordinary shares	14,590	0.17 %
KE Knut Eirik Gustavsen 1968	Ordinary shares	14,474	0.17 %
F FREDRIKSTAD ENERGI AS	Preference shares	14,242	0.17 %
A ADVOKATFIRMAET T-HOX AS	Ordinary shares	14,053	0.16 %
F FORKSOUND AS	Ordinary shares	14,039	0.16 %
YS Yngvar Seteklev 1973	Ordinary shares	13,013	0.15 %
S SOGN OG FJORDANE ENERGI AS	Preference shares	12,961	0.15 %
JM Jo Morten Sletner 1969	Ordinary shares	12,422	0.15 %
F FREDRIKSTAD ENERGI AS	E-shares	11,696	0.14 %
H HODNE KAPITAL INVEST AS	F-shares	9,065	0.11 %
FT Frode Teigen 1967	Ordinary shares	9,000	0.11 %
RE Roy Einar Magne Angell 1960	Ordinary shares	5,480	0.06 %
N NEBULA AS	Ordinary shares	3,810	0.04 %
DR Davide Roverso 1966	Ordinary shares	3,750	0.04 %
SE Sven Erik Tønnesen 1959	Ordinary shares	3,509	0.04 %
D DATASET AS	Ordinary shares	3,419	0.04 %
SØ Stig Ødegaard Ottesen 1964	Ordinary shares	3,075	0.04 %
EN Engstad Nils	Ordinary shares	3,000	0.04 %
JK Jørgen Kildahl 1963	F-shares	2,719	0.03 %
G GUSTAVSEN INVEST AS	Ordinary shares	2,702	0.03 %
V VALALIA INVEST AS	Ordinary shares	2,586	0.03 %
E ECAPITAL AS	Preference shares	2,548	0.03 %
OJ Ole Johan Amundsen 1967	Ordinary shares	2,000	0.02 %
M MARTINUS INVEST AS	Ordinary shares	2,000	0.02 %
HN Heidi Nøklegård Bjerke 1972	Ordinary shares	2,000	0.02 %
FT Frode Teigen 1967	Preference shares	1,878	0.02 %
AC Ab Coenergi	Ordinary shares	1,769	0.02 %
KL Knut Lytskjold Haukenes 1987	Ordinary shares	1,759	0.02 %
I INVESTICURA AS	Ordinary shares	1,750	0.02 %
MS Morten Sørby 1974	Ordinary shares	1,500	0.02 %
BA Bjørn Asvard Olsen 1972	Ordinary shares	1,500	0.02 %
EF Erlend Falch-Pedersen 1978	Ordinary shares	1,500	0.02 %
TM Tina Marie Skagen 1983	Ordinary shares	1,500	0.02 %
OJ Ole Jakob Ottestad 1968	Ordinary shares	1,359	0.02 %
JA Jostein Andreassen 1959	Ordinary shares	1,337	0.02 %
GK Gro Kruse Kjølstad 1980	Ordinary shares	1,279	< 0.01 %
HN Henriette Næss Forsetlund 1987	E-shares	1,247	< 0.01 %
TL Tore Lie 1973	Preference shares	1,229	< 0.01 %
BS Bjørn Svendsen 1959	Ordinary shares	1,200	< 0.01 %
JK Jørgen Kildahl 1963	Preference shares	1,114	< 0.01 %
KH Knut Hogne Fevang 1975	Ordinary shares	1,110	< 0.01 %
HO Harald Ommang 1964	E-shares	965	< 0.01 %
MS Manish Shrestha 1984	Ordinary shares	953	< 0.01 %
OK Olle Kristian Niklasson 1982	Ordinary shares	953	< 0.01 %
NP Nikolay Pukhovskiy 1989	Ordinary shares	953	< 0.01 %
HZ Hu Zengjian	Preference shares	796	< 0.01 %
ST Sigurd Tjøstel Seteklev 1979	Ordinary shares	737	< 0.01 %
TM Thor Moen 1964	Ordinary shares	737	< 0.01 %
TF Thor Fredrik Paulsson 1985	Ordinary shares	737	< 0.01 %
KS Kathrin Sunde 1975	Preference shares	665	< 0.01 %
GM Gergely Marton 1993	Preference shares	665	< 0.01 %
M MARTINUS INVEST AS	F-shares	635	< 0.01 %
TM Tina Marie Skagen 1983	Preference shares	567	< 0.01 %

Shares owned by the ESMART SYSTEMS AS

Name	Share class	Total number of shares	Share
E ESMART SYSTEMS INTERNATIONAL AS	Ordinary shares	50,000	100 %
N NORDIC MEDIA LAB AS	Ordinary shares	60,000	20 %

Last update: Jun 2, 2025

Group structure

ESMART SYSTEMS AS
Total operating income 2024: NOK 61,928,000
Operating profit 2024: NOK -105,404,000
Employees: 69

Financials

in NOK

Summary

Year	2024	2023	2022	2021
Total operating income	61,928,000	66,627,000	43,462,000	50,751,000
Annual Total Result	-74,758,000	-97,621,000	-91,732,000	-86,391,000
Total assets	606,280,000	362,765,000	475,383,000	317,990,000
Total liabilities	75,178,000	69,794,000	69,177,000	206,669,000
Total equity	531,103,000	292,971,000	406,206,000	111,322,000

P&L

Year	2024	2023	2022	2021
Total operating income	61,928,000	66,627,000	43,462,000	50,751,000
Total operating costs	167,332,000	180,221,000	141,035,000	133,538,000
Operating result	-105,404,000	-113,594,000	-97,573,000	-82,787,000
Financial income/costs	29,479,000	14,806,000	5,841,000	-3,604,000
Profit before tax	-75,925,000	-98,788,000	-91,732,000	-86,391,000
Total tax & extraordinary income/cost	-1,167,000	-1,167,000	0	0
Annual Total Result	-74,758,000	-97,621,000	-91,732,000	-86,391,000

Balance overview

Year	2024	2023	2022	2021
Total fixed assets	406,511,000	335,729,000	329,485,000	302,113,000
Total current assets	199,769,000	27,036,000	145,898,000	15,877,000
Total assets	606,280,000	362,765,000	475,383,000	317,990,000
Short term debt	46,146,000	29,952,000	30,711,000	71,379,000
Long term debt	29,032,000	39,842,000	38,466,000	135,290,000
Total liabilities	75,178,000	69,794,000	69,177,000	206,669,000
Contributed capital	1,047,796,000	737,965,000	746,802,000	360,186,000
Retained earnings	-516,693,000	-444,994,000	-340,596,000	-248,864,000
Total equity	531,103,000	292,971,000	406,206,000	111,322,000
Total equity and liabilities	606,281,000	362,765,000	475,383,000	317,991,000

Classification

Type of organization

Limited company

Classification of institutional sector

INNL

Domestic sectors

A_IKKE-FIN

Non-financial corporations

2100

Private non-financial incorporated enterprises

ESMART SYSTEMS AS998 927 854

ESMART SYSTEMS AS

Links

Organization

Ownership

Financials

Management

Management / administration

Board

Others

Top 10 individual shareholders

Ownership

Company shareholders

Shares owned by the ESMART SYSTEMS AS

Group structure

Financials

Summary

P&L

Balance overview

Classification