Private · Company · Aksjeselskap
HYSTAR AS
↳ Brreg · companies
Operating at a lossFY2025 · -257% margin
Group financialsNOK
FY24 · 15MFY25 · 52M
RevenueNet profit
Regnskapsregisteret · company_revenue
Job ads on NAV Arbeidsplassen12 MO
No job ads on record in the last 12 months.
NAV Arbeidsplassen · company_job_ad_months
Public contracts · won → est. expiryaward dates from Doffin/TED · hatched = our estimate, end dates aren't published
0 wins
Doffin/TED · company_tender_wins
Key figuresBrønnøysund
FY24FY25TREND
Revenue15M52M
Operating result-143M-133M
Net result-143M-131M
Regnskapsregisteret · company_revenue
MoneyNOK
Revenue
kr 51.7M
Operating result
−kr 132.9M
Net result
−kr 131.2M
Total assets
kr 503.4M
Equity
kr 332M
FY2025 kr 51.7M vs FY2024 kr 14.8M · +250% revenue
Regnskapsregisteret · company_financials · FY2025 (company)
Activitylast 24 mo
No job-ad activity on file
totals on file · ads-over-time series not yet in Intelligo
Registry changes
Accounts filed · sisteInnsendteAarsregnskap2024 → 20252026-07-17
Employees53 → 522026-06-15
Field change · registreringsdatoAntallAnsatteNAVAaregisteret2026-02-10 → 2026-06-102026-06-15
Field change · registreringsdatoAntallAnsatteEnhetsregisteret2026-02-12 → 2026-06-112026-06-15
NAV + JobStream · company_hiring · Brreg · company_changes
From the FY2025 accounts
FILEDAccounts filed for FY2025.
AUDITAudited by DELOITTE AS.
BALANCEEquity kr 332M.
Regnskapsregisteret + Brreg roles · the annual-report PDF is a paid Brønnøysund document, so these are the filed facts, not extracted prose
Timelineall sources
accounts_filed: sisteInnsendteAarsregnskap2024 -> 2025Registry · 2026-07-17
employee_change: antallAnsatte53 -> 52Registry · 2026-06-15
field_change: registreringsdatoAntallAnsatteNAVAaregisteret2026-02-10 -> 2026-06-10Registry · 2026-06-15
field_change: registreringsdatoAntallAnsatteEnhetsregisteret2026-02-12 -> 2026-06-11Registry · 2026-06-15
Going concernThe Board confirms the financial statements are prepared on a going-concern basis, supported by liquidity of MNOK 265 after the Series C ...Annual report · 2025-12-31
Staff numbersAverage man-years employed fell to 47.9 in 2025 from 62.3 in 2024. — Europe Total 47.9 47.9 62.3 62.3Annual report · 2025-12-31
RemunerationCEO Fredrik Mowill received total remuneration of KNOK 1,469 (fixed salary KNOK 1,400, other compensation 13, pension 56). — Fredrik Mowi...Annual report · 2025-12-31
Share capitalShare capital at 31 December 2025 was KNOK 2,103 with share premium KNOK 324,299 and total equity KNOK 331,985. — Equity asof31December20...Annual report · 2025-12-31
DividendNo dividend; the board proposes to allocate the net loss of KNOK -131,213 to equity. — The board proposes that the net loss of KNOK -131....Annual report · 2025-12-31
Loan or financingThe company closed a Series C funding round of MUSD 37 in May 2025 with new and existing investors. — Closed the company's Series C fundi...Annual report · 2025-12-31
Loan or financingThe Series C capital increase generated net proceeds of KNOK 372,924. — proceeds of KNOK 372,924.Annual report · 2025-12-31
ImpairmentInventory was written down by KNOK 17,752 for obsolete and defective items, classified as quality costs under R&D. — The total write-down...Annual report · 2025-12-31
Capitalised R&DCapitalised intangible asset of KNOK 2,983 relates to acquired patents/development; other development costs are expensed. — Hystar has a ...Annual report · 2025-12-31
Deferred taxThe calculated net deferred tax asset of KNOK 83,949 is not recognised because of uncertainty over future taxable profit. — The company h...Annual report · 2025-12-31
Deferred taxRecognition of the deferred tax asset is deferred due to uncertainty about when taxable profit will be reached. — However,there is an unc...Annual report · 2025-12-31
OtherOf the total statutory audit fee of KNOK 408, KNOK 269 relates to the 2024 audit. — Of the total audit fee of KNOK 408, KNOK 269 applies ...Annual report · 2025-12-31
OtherLiability insurance of MNOK 10 per claim covers the Board of Directors and the CEO. — Hystar has established liability insurance with cov...Annual report · 2025-12-31
OwnershipThe company is mainly owned by professional Norwegian and foreign investors. — HystarAS er hovedsakelig eid av profesjonelle investorer,b...Annual report · 2025-12-31
RestructuringCosts were brought more in line with the company's current product development stage, sales pipeline and market sentiment. — bringing cos...Annual report · 2025-12-31
OtherA warranty cost provision of KNOK 12,415 was recognised in 2025 (nil in 2024). — Warranty cost provision 12,415 oAnnual report · 2025-12-31
OtherThe company has received MNOK 64.8 in grants from Research Council of Norway and Enova since incorporation, plus MNOK 14.3 from Skattefun...Annual report · 2025-12-31
NYSNØ KLIMAINVESTERINGER AS acquired 6.1 pctNew owner · 2025-12-31
BNP PARIBAS acquired 18.9 pctNew owner · 2022-12-31
FIRDA AS acquired 9.7 pctNew owner · 2022-12-31
FYRVA AS exited (held 10.2 pct)Owner exit · 2022-12-31
FYRVA AS acquired 10.2 pctNew owner · 2021-12-31
FIRDA AS exited (held 6.0 pct)Owner exit · 2021-12-31
Skiwo · company_events
Tenders0 wins · 0 losses
No recorded tender wins.
Relevant open tenders — matched NACE 27.900 ↔ CPV
subscribers sharpen matches with per-company keywords
open-tender matching (NACE ↔ CPV) awaits Intelligo's open-tenders view
Doffin/TED · company_tender_wins · 2026-08-03
People4 roles
BOARD · 3 ROLES
Styrets lederGeir Førre2026StyremedlemCharles Bartholomew Clark2026VaramedlemKevin Arthur Eggers2026registered roles only · website-employee lookup awaits the crawler
Roles from Brreg, shown for business contact only. No birth date is shown or exported (purpose limitation, GDPR Art. 6(1)(f)).
Brreg · company_people
Structure
Owned by ↑ · top 10
BNP PARIBAS
14.0%SINTEF VENTURE V AS
12.9%BNP PARIBAS
7.0%NIPPON STEEL TRADING CORPORATION
6.1%FIRDA AS
6.1%NYSNØ KLIMAINVESTERINGER AS
6.1%FIRDA AS
5.9%MARUGAME AS
5.9%IRRUPT AS
5.1%AOB AS
4.9%Aksjonærregisteret · company_ownership · 2025 · both directions
LocationBærum
Bærum
municipality only · street address + coordinates not yet in Intelligo
Brreg · registered municipality