Private Β· Company Β· Aksjeselskap

Hitecvision AS

979 598 122 β†—Other investment companies, except captive companies Β· NACE 64.312Stavangerwww.hitecvision.com β†—
ActiveRegistered 1998Parent Β· 1 subsidiarySimilar companies β†’
Status
● Active
Founded
1998
Group revenue
kr 908.7M
Group net
kr 519.9M
Structure
Parent Β· 1 subsidiary
End-investments
56 companies
Via
6 holdco layers
↳ Brreg Β· companies
Parent of 1 companyHitecvision Advisory ASNew CEO recentlyPΓ₯l Magnus Reed

Group financialsNOK

  • Revenue
  • Net profit
FY24FY25
Revenue248M498.4M
Net profit228.2M474.6M
Regnskapsregisteret Β· company_revenue

Job ads on NAV Arbeidsplassen12 MO

No job ads on record in the last 12 months.
NAV Arbeidsplassen Β· company_job_ad_months

Public contracts Β· won β†’ est. expiryaward dates from Doffin/TED Β· hatched = our estimate, end dates aren't published

0 wins
Doffin/TED Β· company_tender_wins

Key figuresBrΓΈnnΓΈysund

FY24FY25TREND
Revenue248M498M
Operating result244M488M
Net result228M475M
Regnskapsregisteret Β· company_revenue

MoneyNOK

Group revenue
kr 908.7M
Group net
kr 519.9M
Tenders won
0
Rolled up across the parent + 1 subsidiary β€” Hitecvision Advisory AS alone is kr 410.2M.
rollup estimate Β· filed konsernregnskap not yet in Intelligo
Regnskapsregisteret Β· rollup across ownership edges (estimate)

Activitylast 24 mo

No job-ad activity on file
totals on file Β· ads-over-time series not yet in Intelligo
Registry changes
Accounts filed Β· sisteInnsendteAarsregnskap2024 β†’ 20252026-07-15
NAV + JobStream Β· company_hiring Β· Brreg Β· company_changes

Portfolio Β· resolved to end-investments

Show flat list
Ownership followed through every holdco layer β€” you land on the operating company, not the shell. Effective stake = product along the chain.
CompanyStakeRevenueResultEmpLast event
ANEO HOLDING ASvia 4 layers
7.6%β€”kr -13.7Mβ€”β€”
ANEO HOLDING 2 ASvia 5 layers
7.6%β€”kr -1.31Mβ€”
Registry Β· 2026-07-28
ARBION HØNEFOSS HOLDING ASvia 4 layers
60.7%β€”kr -100β€”
New owner Β· 2024-12-31
CADRE GROUP ASvia 4 layers
7.8%β€”kr -2.74Mβ€”
New owner Β· 2023-12-31
CADRE ASvia 5 layers
7.8%kr 11Mkr -37.5M11
Registry Β· 2026-06-15
100%kr 410.2Mkr 49.6M58
Registry Β· 2026-06-28
100%β€”kr -141kβ€”β€”
100%β€”kr -97kβ€”β€”
100%β€”kr -108kβ€”
Registry Β· 2026-07-16
100%β€”kr -123kβ€”β€”
HV CAPITAL AS
49.0%kr 49.9Mkr 35.4Mβ€”
Annual report Β· 2025-12-31
HV CAPITAL HVAS ASvia 1 layer
49.0%β€”kr -229kβ€”
Registry Β· 2026-07-04
HV CAPITAL EIENDOM ASvia 1 layer
24.5%β€”kr -117kβ€”
Registry Β· 2026-07-23
HP STADIONBLOKK A ASvia 2 layers
24.5%kr 14Mkr 9.07Mβ€”
Registry Β· 2026-07-23
HV CAPITAL IV AS
49.0%kr 28Mkr 27.9Mβ€”
Registry Β· 2026-07-04
24.3%kr 0kr -1.42Mβ€”
Registry Β· 2026-07-03
HV CAPITAL NEF AS
23.4%kr 13.9Mkr 13.7Mβ€”
Registry Β· 2026-07-15
HITECVISION NEW ENERGY FUND ASvia 1 layer
23.4%β€”β€”β€”
Registry Β· 2026-06-26
HV CELSIO INVEST ASvia 3 layers
23.4%β€”kr -2.33Mβ€”
Registry Β· 2026-07-03
HV CELSIO INVEST II ASvia 4 layers
23.4%β€”kr -109kβ€”
Registry Β· 2026-07-03
HV CELSIO HOLDING ASvia 5 layers
23.4%β€”kr -2.25Mβ€”
Registry Β· 2026-07-03
HV NEF INVEST JOTA ASvia 2 layers
23.4%β€”kr -109kβ€”
Registry Β· 2026-07-15
HV STORM HOLDING ASvia 3 layers
11.7%β€”kr -5.73Mβ€”
Registry Β· 2026-07-15
HV NEF INVEST REDA ASvia 2 layers
14.0%β€”kr -136kβ€”
Registry Β· 2026-07-16
HV DAYTONA HOLDING ASvia 3 layers
14.0%β€”kr -196kβ€”
Registry Β· 2026-07-16
DAYTONA HOLDCO ASvia 4 layers
10.3%kr 505kkr -4.76Mβ€”
Registry Β· 2026-07-16
HV NEF INVEST RHO ASvia 2 layers
14.0%β€”kr -158kβ€”
New owner Β· 2025-12-31
HV SKYGARD HOLDING ASvia 3 layers
14.0%β€”kr -2.32Mβ€”β€”
HV NEF INVEST ROMEO ASvia 2 layers
23.4%β€”kr -169kβ€”
Registry Β· 2026-07-03
HV NEF INVEST VICTOR ASvia 2 layers
14.0%β€”kr -131kβ€”
Registry Β· 2026-07-02
HV CADRE HOLDING ASvia 3 layers
14.0%β€”kr -1.32Mβ€”
Registry Β· 2026-07-02
HV NEF INVEST ZERO ASvia 2 layers
15.2%β€”kr -187kβ€”
Registry Β· 2026-07-09
HV ANEO HOLDING ASvia 3 layers
15.2%β€”kr -2.2Mβ€”
Registry Β· 2026-07-09
HV DAYTONA CO-INVEST ASvia 1 layer
23.4%β€”kr -1kβ€”
Registry Β· 2026-07-16
HV CAPITAL NSOF AS
24.3%kr 99.3Mkr 99.2Mβ€”
Annual report Β· 2025-12-31
HV CAPITAL VI AS
7.8%kr 5.47Mkr -13.2Mβ€”
Annual report Β· 2025-12-31
HV CAPITAL VII AS
24.7%kr 1.4bnkr 1.37bnβ€”
Annual report Β· 2025-12-31
HV INVEST SAMPI AS
100%β€”kr -85kβ€”
Annual report Β· 2025-12-31
SAMPI RENEWABLES HOLDING ASvia 1 layer
96.1%β€”kr -473kβ€”β€”
100%β€”kr -104kβ€”
Annual report Β· 2025-12-31
100%β€”kr -97kβ€”
Annual report Β· 2025-12-31
HV NEF2 INVEST ASCONA II ASvia 1 layer
100%β€”kr -97kβ€”
Annual report Β· 2025-12-31
HV NEF2 INVEST BEGONIA II ASvia 1 layer
100%β€”kr -104kβ€”
Annual report Β· 2025-12-31
100%β€”kr -80kβ€”β€”
HV NEF2 INVEST EPSILON II ASvia 1 layer
100%β€”kr -68kβ€”β€”
ARBION INDUSTRIES GROUP ASvia 2 layers
90.6%kr 150kkr -184kβ€”β€”
ARBION INDUSTRIES ASvia 3 layers
90.6%kr 3.23Mkr -30.4M45
Registry Β· 2026-07-25
ARBION INDUSTRIES HØNEFOSS ASvia 5 layers
60.7%kr 0kr -2.73Mβ€”
Job ad Β· 2026-04-23
100%β€”kr -138kβ€”β€”
HV NEF2 INVEST EZEC II ASvia 1 layer
100%β€”kr -236kβ€”β€”
100%β€”kr -112kβ€”
Registry Β· 2026-07-29
HV NEF2 INVEST TAUNUS II ASvia 1 layer
100%β€”kr -637kβ€”
Registry Β· 2026-07-29
100%β€”kr -100kβ€”
Registry Β· 2026-06-23
WELLPARTNER HOLDING ASvia 1 layer
100%β€”kr -89kβ€”
Registry Β· 2026-06-23
SAMPI RENEWABLES ASvia 2 layers
96.1%kr 5.17Mkr -8.78Mβ€”
Registry Β· 2026-08-03
WELLPARTNER ASvia 2 layers
79.9%kr 97Mkr -7.99M47
Registry Β· 2026-07-25
Aksjonærregisteret edges · portfolio_edges · latest cap table
β–  end-investment β€” an operating company● pass-through holdcoeffective stake = product along the chain

From the FY2025 accounts

FILEDAccounts filed for FY2025.
AUDITAudited by DELOITTE AS.
GROUPFiles as a parent with 1 subsidiaries.
BALANCEEquity kr 284.2M.
Regnskapsregisteret + Brreg roles Β· the annual-report PDF is a paid BrΓΈnnΓΈysund document, so these are the filed facts, not extracted prose

Portfolio timeline56 companies

SAMPI RENEWABLES AS β€” accounts_filed: last_annual_accounts_year2024 -> 2025Registry Β· 2026-08-03
HV NEF2 INVEST TAUNUS AS β€” capital_change: share_capital39000.00 -> 42000.0Registry Β· 2026-07-29
HV NEF2 INVEST TAUNUS II AS β€” capital_change: share_capital39000.00 -> 42000.0Registry Β· 2026-07-29
ANEO HOLDING 2 AS β€” capital_change: share_capital45000.00 -> 48000.0Registry Β· 2026-07-28
ARBION INDUSTRIES AS β€” employees_change: employees43 -> 45Registry Β· 2026-07-25
WELLPARTNER AS β€” employees_change: employees46 -> 47Registry Β· 2026-07-25
ANEO HOLDING 2 AS β€” accounts_filed: sisteInnsendteAarsregnskap2024 -> 2025Registry Β· 2026-07-24
WELLPARTNER AS β€” accounts_filed: sisteInnsendteAarsregnskap2024 -> 2025Registry Β· 2026-07-24
HP STADIONBLOKK A AS β€” accounts_filed: sisteInnsendteAarsregnskap2024 -> 2025Registry Β· 2026-07-23
HV CAPITAL EIENDOM AS β€” accounts_filed: sisteInnsendteAarsregnskap2024 -> 2025Registry Β· 2026-07-23
WELLPARTNER AS β€” employee_change: antallAnsatte46 -> 47Registry Β· 2026-07-18
WELLPARTNER AS β€” field_change: registreringsdatoAntallAnsatteNAVAaregisteret2026-06-10 -> 2026-07-10Registry Β· 2026-07-18
WELLPARTNER AS β€” field_change: registreringsdatoAntallAnsatteEnhetsregisteret2026-06-13 -> 2026-07-15Registry Β· 2026-07-18
ARBION INDUSTRIES AS β€” employee_change: antallAnsatte43 -> 45Registry Β· 2026-07-17
ARBION INDUSTRIES AS β€” field_change: registreringsdatoAntallAnsatteNAVAaregisteret2026-06-10 -> 2026-07-10Registry Β· 2026-07-17
ARBION INDUSTRIES AS β€” field_change: registreringsdatoAntallAnsatteEnhetsregisteret2026-06-11 -> 2026-07-15Registry Β· 2026-07-17
HV DAYTONA HOLDING AS β€” field_change: kapital{"antallAksjer": 1713470, "belop": 57010.42, "innfortDato": "2026-04-17", "type": "Aksjekapital", "valuta": "NOK"} -> {"antallAksjer": 17...Registry Β· 2026-07-16
HV DAYTONA HOLDING AS β€” field_change: vedtektsdato2026-03-19 -> 2026-06-04Registry Β· 2026-07-16
DAYTONA HOLDCO AS β€” field_change: kapital{"antallAksjer": 1713515, "belop": 68540.6, "innfortDato": "2025-08-21", "type": "Aksjekapital", "valuta": "NOK"} -> {"antallAksjer": 171...Registry Β· 2026-07-16
DAYTONA HOLDCO AS β€” field_change: vedtektsdato2025-07-18 -> 2026-06-04Registry Β· 2026-07-16
HV NEF INVEST REDA AS β€” field_change: kapital{"antallAksjer": 3000, "belop": 42000.0, "innfortDato": "2025-08-21", "type": "Aksjekapital", "valuta": "NOK"} -> {"antallAksjer": 3000, ...Registry Β· 2026-07-16
HV NEF INVEST REDA AS β€” field_change: vedtektsdato2025-07-18 -> 2026-06-04Registry Β· 2026-07-16
HV ANNEX INVEST DELTA AS β€” field_change: kapital{"antallAksjer": 3000, "belop": 36000.0, "innfortDato": "2025-08-21", "type": "Aksjekapital", "valuta": "NOK"} -> {"antallAksjer": 3000, ...Registry Β· 2026-07-16
HV ANNEX INVEST DELTA AS β€” field_change: vedtektsdato2025-07-18 -> 2026-06-04Registry Β· 2026-07-16
HV DAYTONA CO-INVEST AS β€” field_change: kapital{"antallAksjer": 101500000, "belop": 101500.0, "innfortDato": "2026-04-17", "type": "Aksjekapital", "valuta": "NOK"} -> {"antallAksjer": ...Registry Β· 2026-07-16
HV DAYTONA CO-INVEST AS β€” field_change: vedtektsdato2026-03-19 -> 2026-06-04Registry Β· 2026-07-16
HV CAPITAL NEF AS β€” accounts_filed: sisteInnsendteAarsregnskap2024 -> 2025Registry Β· 2026-07-15
HV NEF INVEST JOTA AS β€” accounts_filed: sisteInnsendteAarsregnskap2024 -> 2025Registry Β· 2026-07-15
HV STORM HOLDING AS β€” accounts_filed: sisteInnsendteAarsregnskap2024 -> 2025Registry Β· 2026-07-15
HV NEF INVEST ZERO AS β€” accounts_filed: sisteInnsendteAarsregnskap2024 -> 2025Registry Β· 2026-07-09
HV ANEO HOLDING AS β€” accounts_filed: sisteInnsendteAarsregnskap2024 -> 2025Registry Β· 2026-07-09
HV CAPITAL IV AS β€” accounts_filed: sisteInnsendteAarsregnskap2024 -> 2025Registry Β· 2026-07-04
HV CAPITAL HVAS AS β€” accounts_filed: sisteInnsendteAarsregnskap2024 -> 2025Registry Β· 2026-07-04
HV NEF INVEST ROMEO AS β€” accounts_filed: sisteInnsendteAarsregnskap2024 -> 2025Registry Β· 2026-07-03
HV CELSIO INVEST AS β€” accounts_filed: sisteInnsendteAarsregnskap2024 -> 2025Registry Β· 2026-07-03
HV CELSIO INVEST II AS β€” accounts_filed: sisteInnsendteAarsregnskap2024 -> 2025Registry Β· 2026-07-03
HV CELSIO HOLDING AS β€” accounts_filed: sisteInnsendteAarsregnskap2024 -> 2025Registry Β· 2026-07-03
HV CAPITAL NEF 2 AS β€” accounts_filed: sisteInnsendteAarsregnskap2024 -> 2025Registry Β· 2026-07-03
HV CADRE HOLDING AS β€” accounts_filed: sisteInnsendteAarsregnskap2024 -> 2025Registry Β· 2026-07-02
HV NEF INVEST VICTOR AS β€” accounts_filed: sisteInnsendteAarsregnskap2024 -> 2025Registry Β· 2026-07-02
Skiwo Β· company_events

Timelineall sources

accounts_filed: sisteInnsendteAarsregnskap2024 -> 2025Registry Β· 2026-07-15
Audit opinionDeloitte AS issued an unmodified opinion on both the company and group accounts for 2025. β€” girselskapsregnskapetetrettvisendebilde avsel...Annual report Β· 2025-12-31
Going concernThe board confirms the going-concern assumption is applied in preparing the accounts. β€” I samsvarmed regnskapslovensS3-3 bekreftes det at...Annual report Β· 2025-12-31
OwnershipThe company had 191 registered shareholders at year-end and is listed on the NOTC market. β€” Pr. 31.12.2025 hadde HitecVision 191registrer...Annual report Β· 2025-12-31
OwnershipNote 7 lists the largest shareholders at 31.12.25, headed by Efey Kapital AS (32,93 %) and Watrum AS (29,94 %). β€” De sterste aksjonaerene...Annual report Β· 2025-12-31
Share capitalShare capital is NOK 332 687 divided into 18 967 318 shares, all in one class with equal voting rights. β€” Alle aksjene er i samme aksjekl...Annual report Β· 2025-12-31
DividendAn extraordinary dividend of NOK 502 633 927 was resolved on 03.07.2025 and already paid. β€” Ekstraordinaert utbyte vedtat 03.07.2025Annual report Β· 2025-12-31
DividendThe board reports total dividends of about NOK 652 million distributed during 2025. β€” Gjennom 2025 dannet dette grunnlag for utbetaling a...Annual report Β· 2025-12-31
Related partyCEO PΓ₯l M Reed and board member Ole Ertvaag hold indirect ownership interests via HV Capital AS and Efey Kapital AS. β€” Daglig leder Pal M...Annual report Β· 2025-12-31
Related partyTransactions with related parties (advisory/management fees from HitecVision funds) are stated to be on market terms. β€” Alle disse transa...Annual report Β· 2025-12-31
RemunerationThe CEO has no share-based remuneration or defined-benefit pension in the company. β€” Daglig leder har ike noen aksjebaserte godtgjerelser...Annual report Β· 2025-12-31
Staff numbersThe group employed 64 man-years in 2025 (67 in 2024). β€” Antall arsverk sysselsattiregnskapsaret 64 67Annual report Β· 2025-12-31
Loan or financingThe bank loan agreement contains a covenant limiting net debt to 20 % of the fair value of the company's assets. β€” Ihenhold tilaneavtalen...Annual report Β· 2025-12-31
ImpairmentThe parent company recorded write-downs of financial fixed assets of NOK 26 027 776 (2024: NOK 66 533 876). β€” forselskapet nedskrlvninger...Annual report Β· 2025-12-31
SubsidiaryHitecVision Advisory AS and HitecVision Advisory UK Ltd are consolidated in the group accounts. β€” Felgende selskaper er konsolidert i kon...Annual report Β· 2025-12-31
Post balance sheet eventIn February 2026 HitecVision decided to close its Milan office after a strategic review. β€” Ifebruar2026besluttet HitecVisiona avviklekont...Annual report Β· 2025-12-31
Sale processIn May the group completed the sale of Hav LNG to the management company Apollo. β€” I mai gjennomforte vi salget av Hav LNG tilforvaltning...Annual report Β· 2025-12-31
Sale processIn February 2026 HitecVision sold down 30 % of its shareholding, with the intention of further realisations over time. β€” Ifebruar 2026 gj...Annual report Β· 2025-12-31
Sale processA further merger with TotalEnergies' UK oil and gas business was announced. β€” annonsertevienytterligerefusjonmedTotalEnergies sinoljeogga...Annual report Β· 2025-12-31
Post balance sheet eventThe acquisition of 32 % of the Culzean field was completed in January 2026. β€” 32% av Culzeanfeltet ble sluttfort ijanuar 2026.Annual report Β· 2025-12-31
Post balance sheet eventThe acquisition of Swedish renewables company Arise was completed, with the company delisted in January 2026. β€” gjennomforte oppkjopet av...Annual report Β· 2025-12-31
OtherRestricted tax withholding deposits amount to NOK 2 383 in the company and NOK 10 203 946 in the group. β€” Bankinnskudd iselskapsregnskape...Annual report Β· 2025-12-31
OtherNote 15 discloses HitecVision's remaining investment commitments to the HitecVision funds, held directly and indirectly via associates. β€”...Annual report Β· 2025-12-31
OtherGroup sickness absence was 1 % in 2025 and the group has whistleblowing arrangements. β€” sykefravaer pa 1%.Konsernet har gode varslingsord...Annual report Β· 2025-12-31
OtherA directors' and officers' liability insurance runs for 12 months with main renewal on 1 April. β€” Forsikringsavtalens hovedforfall er 1. ...Annual report Β· 2025-12-31
PACTUM VEKST AS acquired 5.5 pctNew owner Β· 2021-12-31
PACTUM AS exited (held 5.5 pct)Owner exit Β· 2021-12-31
Skiwo Β· company_events

Tenders0 wins Β· 0 losses

No recorded tender wins.
Relevant open tenders β€” matched NACE 64.312 ↔ CPV
subscribers sharpen matches with per-company keywords
open-tender matching (NACE ↔ CPV) awaits Intelligo's open-tenders view
Doffin/TED Β· company_tender_wins Β· 2026-08-03

Structureparent

Owns ↓ Β· 1 subsidiary
Owned by ↑ Β· top 10
EFØY KAPITAL AS
32.9%
WATRIUM AS
29.9%
HV CAPITAL AS
8.3%
C 3 HOLDING NORWAY AS
8.0%
PACTUM VEKST AS
4.4%
SKAGEN VEKST VERDIPAPIRFOND
3.8%
SURFSIDE HOLDING AS
2.1%
VARNER EQUITIES AS
1.4%
GLASTAD CAPITAL AS
1.2%
RICO AS
0.6%
Aksjonærregisteret · company_ownership · 2025 · both directions

LocationStavanger

Stavanger
municipality only Β· street address + coordinates not yet in Intelligo
Brreg Β· registered municipality
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