Electronics Storage in Hustadvika: Current Situation and Future Outlook

Electronics storage in Hustadvika is a very small sector with only one registered company, Viken Elektriske AS. In recent years, the sector has been marked by declining sales and labor costs, as well as negative operating results. Although no bankruptcies have been registered in the industry, the figures indicate a weak financial situation. Prospects for new players are mixed, with both opportunities in a local market situation and challenges related to competition and economic pressures.

Sales and employees

• Sales: From NOK 10.8 million in 2016 to NOK 2.6 million in 2025, a decline of 76%.
• Employees: Reduction from 6 in 2016 to 4 in 2025, with an increase back to 5 in 2026.

Economic indicators

• EBITDA: Negative in all years, with a minimum of -33% in 2025.
• Operating result: Negative in all years, with a low point of -NOK 1.2 million in 2025.
• Debt: Up to NOK 6.5 million in 2025, indicating a high financial burden.

Registered companies

• Viken Elektriske AS (Torget 13, Elnesvågen)
• Organizational form: AS
• Founded: January 2, 2006
• Number of employees: 5
• Bankruptcies: Not registered
• Sales: NOK 2.6 million in 2025
• Operating result: NOK -1.2 million in 2025

Organizational forms

• AS: 1 company, 5 employees, NOK -1.2 million operating result in 2025.

Distribution of activity

• Elnesvågen: The only location with activity in the industry.
• Number of companies: 1
• Number of employees: 5
• Sales: NOK 2.6 million in 2025
• Operating result: NOK -1.2 million in 2025
• Debt: NOK 6.5 million in 2025

Local specifications

• Elnesvågen is the only area with activity in the industry, with a single company and a weak financial situation.

Bankruptcies and viability

• Bankruptcies: No registered bankruptcies in the industry in Hustadvika.
• Viability: Viken Elektriske AS has negative operating results in all years, with an EBITDA margin of -33% in 2025.
• Debt: NOK 6.5 million in 2025, indicating a high financial burden.

Prospects for viability

• Although no bankruptcies have been registered, financial stability is a challenging area for the single company in the industry.

Prospects for entrepreneurs

• Market challenges: Low competitiveness and a weak financial situation in the single company may indicate a small market key.
• Local opportunities: Elnesvågen is the only area with activity, which may provide opportunities for local market share.
• Risk: Negative EBITDA and high debt may be a challenge for new players.

Recommendation

SmartGrunder can help entrepreneurs explore addresses in Hustadvika for electronics storage, focusing on natural distributions and local opportunities.

• Agriculture: Has 2 companies in Hustadvika, compared to 1 in electronics storage.
• Sales: Agriculture had an increase from NOK 10.8 million in 2016 to NOK 35.0 million in 2021, followed by a sharp decline in 2022.
• Employees: Agriculture had an increase from 6 to 7 employees in 2021, while electronics storage had a decline.

Peer companies

• Hauge Tech Tilbehør (computer store, Malmefjorden):
• Sales: NOK 0
• EBITDA: NOK 0
• Employees: 0

Conclusion

Agriculture has a more stable history in Hustadvika, although there have also been large variations. Electronics storage is a smaller sector with a weak financial situation.

Electronics storage in Hustadvika is a very small and financially weak sector with only one company. Prospects for new players are mixed, with both opportunities in a local market situation and challenges related to competition and economic pressures. Compared to agriculture, which has a more stable history, electronics storage may be a risky sector for entrepreneurs. Nevertheless, there may be opportunities for local market share, especially in Elnesvågen. SmartGrunder can help explore addresses and distributions in Hustadvika for this industry.