Private limited company · Bergen
SMÅKRAFT AS
ActiveProduction of electricity from hydropower (35.121)
The life line 2002–2026
Operating revenue per year, with recorded events above. As a table
Operating revenue 2025: EUR 15.7m.
- Gjennomføring av fusjon§ 14
- Kapital§ 14
- Managing director took office§ 07
- Chair took office§ 07
- Founded§ 16
Sources: the Register of Company Accounts (company accounts), fetched 15 Nov 2026; the Brønnøysund Register Centre. Each event has the colour of the section it is in.
In brief
SMÅKRAFT AS is a private limited company in Bergen, founded in 2002, in the industry production of electricity from hydropower. The chief executive is Terje Aarestad Christensen Vedeler, and the chair of the board is Annette Beate Wacknitz Malm Justad. In 2025 the company had EUR 15.7m in operating revenue and a net profit of EUR −15.4m; the group had revenue of EUR 46.0m. The largest owner is HYDRO NORWAY HOLDING AS with 1.0%.
Put together by Intelligo from the sections below; each figure stands with its source where it belongs.
Overview
§ 01 Latest changes
4 changes, latest 13 Nov 2026
- Number of employees 56 → 50
- Changed capital 5793652 → 5828294
- Changed capital 289682600 → 291414700
- New articles of association 30 Sep 2026
Source: the Brønnøysund Register Centre and Intelligo's own observations, fetched 15 Nov 2026 · All events →
Overview
§ 02 Worth knowing
2 points
- Note2 of 4 on the board are new in the last 12 months
- OKEquity ratio 59.4%, above the industry median
Assumed: derived by Intelligo by fixed rules, not a credit rating. How we calculate
Overview
§ 03 Key figures
Revenue EUR 15.7m in 2025
Revenue
EUR 15.7m
−62.2% from 2024
20232025
Operating profit
EUR −5.4m
−129.6% from 2024
20232025
Net profit
EUR −15.4m
−322.1% from 2024
20232025
Equity
EUR 426.2m
+10.8% from 2024
20232025
Source: the Register of Company Accounts, read 15 Nov 2026 · The full accounts →
Finances
§ 04 Where the money comes from and goes
Financial year 2025
Of every krone of operating revenue in 2025:
- Wages and social costs 28%
- Depreciation 47%
- Other operating costs 60%
Costs exceeded revenue: the operating result was EUR −5.4m.
Source: the Register of Company Accounts via areg.no, read 15 Nov 2026
Finances
§ 05 Financial health
Equity ratio 59.4%
- SMÅKRAFT AS, 2025
- Industry median, assumed: 24.3% · 38.0% · −0.1%
Equity EUR 426.2m59% of the assets (EUR 717.3m)
Source: the Register of Company Accounts, read 15 Nov 2026. The median is derived by Intelligo from 647 companies in 35.121 Production of electricity from hydropower, not stated by the source.
Finances
§ 06 Accounts
7 years, latest 2025
| EUR 1,000 | 2023–25 | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Operating revenue | 15,743 | 41,618 | 86,770 | |
| Operating profit | −5,434 | 18,370 | 65,779 | |
| Profit before tax | −18,728 | −4,839 | 73,061 | |
| Net profit | −15,369 | −3,641 | 59,349 | |
| Total assets | 717,309 | 679,002 | 681,994 | |
| Equity | 426,206 | 384,729 | 390,104 | |
| Liabilities | 291,104 | 294,273 | 291,890 |
Source: the Register of Company Accounts, read 15 Nov 2026 · All 7 years →
Management and ownership
§ 07 Officers
7 officers now
- PRICEWATERHOUSECOOPERS ASAuditor since 2017
- Terje Aarestad Christensen VedelerChief executive since 2020
- ENORA ASAccountant
- Annette Beate Wacknitz Malm JustadChair of the board since 2016
- Veronika Claudia AhnertBoard member since 2022
- Erlend Trygve GrimstadBoard member since 2025
Source: the Brønnøysund Register Centre, read 23 Oct 2026 · All 7 roles, former ones too →
Management and ownership
§ 08 Signature, procuration and authorisations
To styremedlemmer i fellesskap.
May sign for the company:
To styremedlemmer i fellesskap.
Power of procuration:
Daglig leder alene.
The board has no authorisation in force now.
The signature is word for word from the register. Source: the Register of Business Enterprises, read 24 Aug 2026
Management and ownership
§ 09 Owners
1 shareholder · largest 1.0%
| Owner | Share |
|---|---|
| HYDRO NORWAY HOLDING AS | 1.0% |
Source: the Tax Administration's Register of Shareholders as of 31 December 2025, read 31 Jul 2026 · All 1 owners →
Management and ownership
§ 10 Group
66 subsidiaries
- SMÅKRAFT GREEN BOND 1 AS100%
- SMÅKRAFT GREEN BOND 2 AS100%
- DALELVA KRAFT AS100%
- + 63 other subsidiaries
The group 2025: operating revenue EUR 46.0m (−36.9%).
Share held. Source: the Tax Administration's shareholder register, fetched 31 Jul 2026 · The whole group →
Management and ownership
§ 11 Portfolio
Holds shares in 3 companies
Source: the Tax Administration's Register of Shareholders, read 31 Jul 2026 · The whole portfolio →
Management and ownership
§ 12 Network
26 connections
- Person
- Company
4 people link SMÅKRAFT AS to 25 other companies: Terje Aarestad Christensen Vedeler 13, Annette Beate Wacknitz Malm Justad 7, Daniel Metzger 3 and Erlend Trygve Grimstad 2.
Source: the Brønnøysund Register Centre, read 23 Oct 2026 · Explore the network →
Events and registers
§ 13 Events
163 since 2015
Events per year
20152026
Since 2015: 214 announcements and 12 register changes. Most happened in 2017 and 2018.
Source: the announcements of the Brønnøysund Register Centre, the Tax Administration's Register of Shareholders, Doffin, TED and NAV, read 2 Nov 2026. Register changes are Intelligo's own observations. · All 163 events →
Events and registers
§ 14 Notices
214, latest 19 Oct 2026
- Kapital
- Vedtektsdato
- Utdeling av utbytte - fullmakt
Source: The Brønnøysund Register Centre's announcements ↗, read 2 Nov 2026 · All 214 →
Events and registers
§ 15 Charges
Not fetched yet
Events and registers
§ 16 Other registers
Found in 3 of 7
- The Central Coordinating RegisterRegistered 27 Jun 2002
- VATRegistered
- The Register of Business EnterprisesRegistered 27 Jun 2002
- The Cleaning RegisterNot registered
- The Register of Staffing AgenciesNot registered
- Smiley scheme, the Norwegian Food Safety AuthorityNot registered
- The Financial Supervisory Authority's licence registerNot registered
Purpose: Kommersiell utnyttelse av små kraftverk, og annen virksomhet som står i naturlig tilknytning til det, herunder rehabilitering, anskaffelser, prosjektering, bygging, finansiering, drift og vedlikehold m.v. av små kraftverk, samt erverv og videresalg av tilknyttet kraftproduksjon og rett til sertifisering som fornybar kraft. Selskapet skal også kunne inngå avtaler om kraftkjøp og rettigheter til sertifisering som fornybar kraft fra eksisterende kraftverk.
Source: the Brønnøysund Register Centre, the Labour Inspection Authority, the Food Safety Authority and the Financial Supervisory Authority, each on its own, fetched 15 Nov 2026
Market
§ 17 Tenders
None registered
No tenders recorded.No public tenders won, lost or announced, in Doffin or TED. Checked 15 Nov 2026.
Market
§ 18 Vacancies
None registered
No vacancies.No open ads at NAV. Checked 15 Nov 2026.
Market
§ 19 Competitors
Industry code 35.121
The companies most like it:
Compare themThe selection is Intelligo's, not stated by the source: companies met in tenders and winners of tenders of the same kind, otherwise the same industry code, nearest in place and size. Source: the Brønnøysund Register Centre, Doffin and TED, fetched 15 Nov 2026 · All competitors → · Largest in the industry →
Last
§ 20 Questions and answers
7 questions
- Who is the chief executive of SMÅKRAFT AS?
Terje Aarestad Christensen Vedeler, since 2020. § 07 - Who owns SMÅKRAFT AS?
1 shareholder. It is HYDRO NORWAY HOLDING AS with 1.0%. § 09 - What was the revenue in 2025?
EUR 15.7m in the company and EUR 46.0m in the group. § 06 - Who can sign for SMÅKRAFT AS?
To styremedlemmer i fellesskap. § 08 - Who is the auditor?
PRICEWATERHOUSECOOPERS AS, from 1 Nov 2017. § 07 - Where is SMÅKRAFT AS based?
Solheimsgaten 15, 5058 Bergen. - When was SMÅKRAFT AS founded?
24 Apr 2002, registered in the Register of Business Enterprises 27 Jun 2002. § 16
The answers come from the sections linked to, with their sources.