HITECVISION AS

HitecVision

Organization

CEO: OE
Ole Ertvaag1963
Chairman of the board: LJ
Leif Johan Sevland1961
Years since formation: 27 years; since Feb 13, 1998
Type: Limited company
VAT registered: Yes
Number of employees: 0

Ownership

Number of shares and share classes: 18,967,318; 1 share class
Total number of shareholders: 192; 59 companies, 133 persons
Belongs to group of

Financials

Total operating income 2024: 247,986,605; NOK
Annual total result 2024: 228,214,007; NOK
Total equity 2024: 312,223,751; NOK

Last update: Sep 9, 2025

Management

Management / administration

Name	Role	Shares
OE Ole Ertvaag 1963	Managing Director/CEO	29.4 % indirectly

Board

Name	Role	Shares
LJ Leif Johan Sevland 1961	Chairman	-
KO Knut Olav Rød 1977	Board Member	-
OH Ole Henrik Bjørge 1970	Board Member	-
AB Adele Bugge Norman Pran 1970	Board Member	-
OE Ole Ertvaag 1963	Board Member	29.4 % indirectly
KH Kristin Helene Holth 1956	Board Member	-
PM Pål Magnus Reed 1961	Alternate Member	3.92 % indirectly
AC Anders Christian Garmann Wilhelmsen 1987	Alternate Member	-
IN Iselin Nybø 1981	Board Member	-

Others

Name	Role	Shares
D DELOITTE AS	Auditor	-

Top 10 individual shareholders

Name	Role	Shares
OE Ole Ertvaag 1963	Managing Director/CEO, Board Member	29.4 % indirectly
OS Ola Sætre 1957	-	5.51 % indirectly
PM Pål Magnus Reed 1961	Alternate Member	3.92 % indirectly
AC Anders Christopher Garmann Wilhelmsen 1954	-	1.76 % indirectly
NE Nikolai Eivindssøn Astrup 1978	-	1.67 % indirectly
HS Henrik Sætre 1986	-	1.54 % indirectly
CS Caroline Sætre 2000	-	1.54 % indirectly
HE Henning Eivindssøn Astrup 1982	-	1.4 % indirectly
JG Jon Grude Gjedebo 1945	-	1.36 % directly

Last update: Apr 25, 2024

Ownership

Company shareholders

Name	Share class	Total number of shares	Share
E EFØY KAPITAL AS	NO0010272503	6,245,584	32.93 %
W WATRIUM AS	NO0010272503	5,678,731	29.94 %
H HV CAPITAL AS	NO0010272503	1,570,704	8.28 %
C C 3 HOLDING NORWAY AS	NO0010272503	1,518,426	8.01 %
P PACTUM VEKST AS	NO0010272503	901,338	4.75 %
S SKAGEN VEKST VERDIPAPIRFOND	NO0010272503	715,250	3.77 %
S SURFSIDE HOLDING AS	NO0010272503	371,169	1.96 %
JG Jon Grude Gjedebo 1945	NO0010272503	257,773	1.36 %
G GLASTAD CAPITAL AS	NO0010272503	231,544	1.22 %
V VJ INVEST AS	NO0010272503	169,186	0.89 %
R RICO AS	NO0010272503	106,508	0.56 %
F FUGLANESET INVEST AS	NO0010272503	104,913	0.55 %
BD Bjørn Dahle 1947	NO0010272503	96,441	0.51 %
AJ Aud Jorunn Bøen Cuniberti 1962	NO0010272503	89,600	0.47 %
K KVANTIA AS	NO0010272503	84,468	0.45 %
V VARNER EQUITIES AS	NO0010272503	65,308	0.34 %
A ASTEROIDEBAKKEN AS	NO0010272503	50,000	0.26 %
S STOLEN AS	NO0010272503	42,794	0.23 %
TR Terje Rise 1956	NO0010272503	41,229	0.22 %
A AUBERT VEKST AS	NO0010272503	32,500	0.17 %
A ARINA INVEST AS	NO0010272503	30,000	0.16 %
K KRISTIANS AND AS	NO0010272503	30,000	0.16 %
P PERTINAX AS	NO0010272503	30,000	0.16 %
S SVEINSVOLL HOLDING AS	NO0010272503	30,000	0.16 %
O OLDEIDE INVEST AS	NO0010272503	30,000	0.16 %
JK Jørgen Karlsen 1954	NO0010272503	26,922	0.14 %
B BRISKEBY VEKST AS	NO0010272503	26,525	0.14 %
H HAMP INVEST AS	NO0010272503	20,585	0.11 %
V VIMER AS	NO0010272503	20,000	0.11 %
P PULSAR EIENDOM AS	NO0010272503	20,000	0.11 %
H HASTO INVEST AS	NO0010272503	18,067	0.1 %
T TUNOD INVEST AS	NO0010272503	17,708	0.09 %
OK Olav Kristian Falnes 1963	NO0010272503	14,180	0.07 %
MN Marion Nyberg 1955	NO0010272503	13,200	0.07 %
S SKAARA INVEST AS	NO0010272503	12,170	0.06 %
FP Fred Pheasey & Associates Ltd	NO0010272503	11,680	0.06 %
H HALI AS	NO0010272503	10,600	0.06 %
I IMPELLO AS	NO0010272503	10,436	0.06 %
P PSV 11 AS	NO0010272503	10,307	0.05 %
BL Bjørn Lorentz Pedersen 1961	NO0010272503	10,307	0.05 %
I INCO AS	NO0010272503	10,307	0.05 %
IK Ingvild Kolstø 1963	NO0010272503	10,183	0.05 %
B BJERGA HOLDING AS	NO0010272503	10,000	0.05 %
ES Egil Stokka 1968	NO0010272503	9,000	0.05 %
A AVANTO OPPORTUNITIES II AS	NO0010272503	8,198	0.04 %
L LORENTZEN INNOVATION AS	NO0010272503	7,598	0.04 %
HE Henry Emil Fagerland 1950	NO0010272503	5,000	0.03 %
T TEMPESTAS AS	NO0010272503	5,000	0.03 %
M MULTIPLE AS	NO0010272503	4,500	0.02 %
BH Bjarte Håvardsholm 1965	NO0010272503	4,095	0.02 %
T TIPEN INVEST AS	NO0010272503	4,002	0.02 %
O OSEN AS	NO0010272503	3,200	0.02 %
S SKATTEN MIN AS	NO0010272503	3,000	0.02 %
KN Karin Norlie Moksness 1953	NO0010272503	2,972	0.02 %
NA Nils Arne Eide 1961	NO0010272503	2,886	0.02 %
EM Eva Marie Botten Nordbø 1948	NO0010272503	2,639	< 0.01 %
H HOPECON AS	NO0010272503	2,527	< 0.01 %
AG Anne Gro Hansen 1962	NO0010272503	2,510	< 0.01 %
P PRYDZ & CO. AS	NO0010272503	2,489	< 0.01 %
M MASKINVEIEN 20 AS	NO0010272503	2,457	< 0.01 %
TF Torgeir Fisketjøn 1964	NO0010272503	2,384	< 0.01 %
TS Tore Schiøtz 1957	NO0010272503	2,000	< 0.01 %
S SULAMITT AS	NO0010272503	1,661	< 0.01 %
IM Inger Marie Eritzland 1940	NO0010272503	1,637	< 0.01 %
AN Are Nydokk 1954	NO0010272503	1,637	< 0.01 %
ØM Øystein Mehus 1972	NO0010272503	1,589	< 0.01 %
AM Arild Magne Lunde 1956	NO0010272503	1,589	< 0.01 %
DM David Midbøe Simonsen 1959	NO0010272503	1,530	< 0.01 %
EE Emma Edith Katarina Reinholds 1984	NO0010272503	1,390	< 0.01 %
FH Frode Harald Tapio 1957	NO0010272503	1,319	< 0.01 %
BE Bjørn Einar Andersen 1962	NO0010272503	1,300	< 0.01 %
AD Anne Dagny Våge 1963	NO0010272503	1,282	< 0.01 %
PB Per Bjørnestøl 1940	NO0010272503	1,159	< 0.01 %
JO John Olaf Grimstvedt 1944	NO0010272503	1,146	< 0.01 %
OH Olav Harald Nøklestad 1960	NO0010272503	1,067	< 0.01 %
KM Kåre Malmin 1952	NO0010272503	1,067	< 0.01 %
JM Jarle Magnar Padøy 1946	NO0010272503	1,064	< 0.01 %
SL Sigbjørn Lilleland 1969	NO0010272503	1,030	< 0.01 %
ST Steffen Trettenes 1970	NO0010272503	1,030	< 0.01 %
MB Mariann Bærheim 1968	NO0010272503	1,030	< 0.01 %
BA Bank Ab Avanza	NO0010272503	1,000	< 0.01 %
F FUTURUM AS	NO0010272503	1,000	< 0.01 %
SE Sonja Elisabeth Johannessen 1960	NO0010272503	1,000	< 0.01 %
P PURE FUTURE AS	NO0010272503	1,000	< 0.01 %
EB Erik Blom Erlandsen 1974	NO0010272503	1,000	< 0.01 %
KH Knut Helge Stormo 1980	NO0010272503	1,000	< 0.01 %
AB Alf Bernhard Nag 1943	NO0010272503	982	< 0.01 %
TV Trond Victor Sveen 1950	NO0010272503	953	< 0.01 %
BO Brigt Oddvar Nærland 1947	NO0010272503	879	< 0.01 %
MS Marit Solrunn Rabbe 1945	NO0010272503	879	< 0.01 %
PK Per Kjell Ødegård 1943	NO0010272503	879	< 0.01 %
EN Erling Natvig 1971	NO0010272503	853	< 0.01 %
MM Magne Modolf Sæverud 1944	NO0010272503	853	< 0.01 %
FH Fartein Hovda 1961	NO0010272503	818	< 0.01 %
OM Olav Magne Imenes 1941	NO0010272503	818	< 0.01 %
CF Christian Fredrik Otto Hagemann 1966	NO0010272503	818	< 0.01 %
DT Dag Torvik Pettersen 1959	NO0010272503	818	< 0.01 %
MH Malvin Henning Abelsen 1949	NO0010272503	818	< 0.01 %
AH Alv Hetland 1945	NO0010272503	818	< 0.01 %
KH Knut Høgberg 1945	NO0010272503	818	< 0.01 %

Shares owned by the HITECVISION AS

Name	Share class	Total number of shares	Share
H HITECVISION ADVISORY AS	Ordinary shares	14,500	100 %
H HV CAPITAL IV AS	Ordinary shares	51,765,103	49.04 %
H HV CAPITAL AS	Ordinary shares	5,086,082	48.96 %
H HV CAPITAL NEF 2 AS	Ordinary shares	3,750,000	25 %
H HV CAPITAL VII AS	Ordinary shares	4,677,152	24.69 %
H HV CAPITAL NSOF AS	Ordinary shares	7,386,152	24.25 %
H HV CAPITAL NEF AS	Ordinary shares	2,366,667	23.36 %
H HV CAPITAL VI AS	Ordinary shares	425,609	7.81 %

Last update: Jun 2, 2025

Group structure

HITECVISION AS
Total operating income 2024: NOK 247,986,605
Operating profit 2024: NOK 243,903,257
Employees: 0

Financials

in NOK

Summary

Year	2024	2023	2022	2021
Total operating income	247,986,605	777,932,080	950,902,647	127,733,391
Annual Total Result	228,214,007	754,631,033	909,166,893	122,027,339
Total assets	717,035,852	973,263,681	1,276,566,542	648,094,295
Total liabilities	404,812,101	556,377,506	914,227,694	189,085,467
Total equity	312,223,751	416,886,175	362,338,848	459,008,829

P&L

Year	2024	2023	2022	2021
Total operating income	247,986,605	777,932,080	950,902,647	127,733,391
Total operating costs	4,083,348	8,868,216	38,827,695	3,673,204
Operating result	243,903,257	769,063,864	912,074,952	124,060,187
Financial income/costs	-16,713,365	-12,654,095	-1,650,562	-1,736,991
Profit before tax	227,189,892	756,409,769	910,424,390	122,323,196
Total tax & extraordinary income/cost	-1,024,115	1,778,736	1,257,497	295,857
Annual Total Result	228,214,007	754,631,033	909,166,893	122,027,339

Balance overview

Year	2024	2023	2022	2021
Total fixed assets	490,317,178	626,705,504	634,050,130	591,629,163
Total current assets	226,718,674	346,558,177	642,516,412	56,465,132
Total assets	717,035,852	973,263,681	1,276,566,542	648,094,295
Short term debt	154,347,893	304,207,401	912,928,078	188,796,800
Long term debt	250,464,208	252,170,105	1,299,616	288,667
Total liabilities	404,812,101	556,377,506	914,227,694	189,085,467
Contributed capital	332,687	332,687	332,687	332,687
Retained earnings	311,891,064	416,553,488	362,006,161	458,676,142
Total equity	312,223,751	416,886,175	362,338,848	459,008,829
Total equity and liabilities	717,035,852	973,263,681	1,276,566,542	648,094,296

Classification

Type of organization

Limited company

HITECVISION AS979 598 122

HITECVISION AS

Links

Organization

Ownership

Financials

Management

Management / administration

Board

Others

Top 10 individual shareholders

Ownership

Company shareholders

Shares owned by the HITECVISION AS

Group structure

Financials

Summary

P&L

Balance overview

Classification