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VillaKraft

VillaKraft AB · Org.nr 559350-1371 · Updated 2026-10-26

Smart energy solutions & B2B/B2C advisory

30%
PVW ownership
€0.27m
100% company value
€79.7k
Attributable to PVW
Management assessment
Valuation approach
Valuation sourceManagement assessment — 3 MSEK (0.9 MSEK attributable to PVW)

Swedish operating company amounts are converted from SEK at a fixed reference rate of EUR/SEK 11.29. Fund references, international financing references and case studies are shown in original currency where relevant. Conversions are shown for reference only.

Monthly summary

Preparing this month's summary…

AI-generated each month solely from the company's own information on this page. Not reviewed or audited; the company page and legal documents prevail.

Direct ownership & NAV

PVW Capital AB directly owns 30% of VillaKraft; the transaction is completed. VillaKraft is not held via Elsmarta. At the unchanged SEK 3m reference valuation, SEK 0.9m is attributable to PVW and included once in NAV. Elsmarta cooperates operationally on installation and enterprise relationships. Head of Sales and Strategic Partner: name withheld until final agreement.

Shareholder briefUpdated 2026-10-26

VillaKraft is an existing company (org.nr 559350-1371) now launching a major commercial push: a dedicated sales organisation for solar, batteries and energy efficiency, backed by Elsmarta and a strategic partner with framework agreements and a large network.

  • Sales organisation

    Head of sales recruited; team of five hand-picked sellers being onboarded.

  • Ownership

    PVW Capital AB: completed 30% direct ownership. Elsmarta cooperates operationally; it is not the ownership intermediary.

A

The investment case

“VillaKraft is an existing company (org.nr 559350-1371) now launching a major commercial push: a dedicated sales organisation for solar, batteries and energy efficiency, backed by Elsmarta and a strategic partner with framework agreements and a large network.”

Role in portfolio: The group's sales engine for the new energy — PVW Capital AB directly owns 30%; the transaction is completed.

What does VillaKraft do?

Sales and advisory for solar panels, batteries and energy efficiency, focused on larger framework agreements, business customers and private households.

Is it a new company?

No. VillaKraft AB (org.nr 559350-1371) already exists. What is new is the commercial push: the sales organisation, PVW Capital AB as direct shareholder and Elsmarta as operational partner and a strategic partner.

Who runs it?

A newly recruited head of sales who has built three companies to over SEK 100m in revenue at 15–30% profit margins, with a hand-picked team of five sellers.

What is the target?

Management targets SEK 100m revenue in 2027 at a margin above 30%. Management target — not historical result, not forecast guarantee.

Why is the value only SEK 3m?

The reference reflects the company before the push delivers. Any revaluation will follow signed agreements and actual revenue — that is where the upside sits.

B

Early-stage strategic profile

Public accounts show the historical legal-entity position. PVW also reports Board & Management Verified Operating Data where the current commercial reality has moved materially ahead of the latest filed accounts.

Existing company · new sales engine · SEK 100m target

VillaKraft AB is already registered and operating. The new phase combines three forces: a newly recruited head of sales who has built three companies to over SEK 100m in revenue at 15–30% profit margins, his hand-picked team of five sellers, and PVW Capital AB as a direct shareholder, Elsmarta as an operational partner delivering installation and enterprise relationships, and a strategic partner who contributes sales, framework agreements, deep industry experience and a large network.

Position and planManagement commercial target
€0.27m
Company value (reference)
€79.7k
Attributable to PVW (30% direct ownership)
Head of sales + 5 sellers
Sales organisation
PVW Capital AB · Elsmarta (operational partner) · strategic partner
Ownership and cooperation
€8.86m
Revenue target 2027
>30%
Margin target 2027
Why now

Solar, batteries and energy efficiency are moving from early adopters to mainstream for both households and businesses. What is scarce is not product — it is a disciplined sales organisation that can win and deliver larger agreements. That is exactly what VillaKraft is building.

The team

A head of sales with a repeatable track record — three companies built past SEK 100m in revenue at 15–30% margins — leading five sellers he has selected himself. Sales capacity exists from day one instead of being recruited over years.

Ownership and partners

Elsmarta brings installation capability and enterprise relationships, so VillaKraft can sell and Elsmarta can deliver. The strategic partner adds sales, framework agreements, extensive experience and a large network — shortening the path to large customers.

How value reaches PVW

PVW Capital AB directly owns 30% of VillaKraft; this transaction is completed. Revenue from sold projects also feeds installation volume to Elsmarta, so the group gains twice: through VillaKraft's own value and through Elsmarta's order book.

Revenue and margin figures are management targets for 2027, not historical results. The SEK 3m reference value is a management assessment and is included in NAV.

C

Milestones

From start to today

—
Company registered

VillaKraft AB, org.nr 559350-1371.

Public filing
2026
PVW completes direct ownership

PVW Capital AB directly owns 30%; negotiations are completed.

Board & Management Verified Operating Data
2026
Head of sales recruited

Track record of three companies past SEK 100m. Name withheld until final agreement.

Board & Management Verified Operating Data
2026
Strategic partner

Strategic partner intended to join as shareholder, subject to final shareholder documentation. Name withheld until final agreement.

Board & Management Verified Operating Data
2027
SEK 100m target

Revenue target at >30% margin. Management target — not historical result, not forecast guarantee.

Management commercial target
E

Verified operating update & traction

Board & Management Verified Operating Data, shown separately from filed accounts.

Sales organisation

Head of sales recruited; team of five hand-picked sellers being onboarded.

In executionBoard & Management Verified Operating Data
Ownership

PVW Capital AB: completed 30% direct ownership. Elsmarta cooperates operationally; it is not the ownership intermediary.

SignedBoard & Management Verified Operating Data
2027 target

SEK 100m revenue at >30% margin. Management target — not historical result, not forecast guarantee.

Commercial targetManagement commercial target
Framework agreements via partner

Access to the strategic partner's framework agreements and network.

Latest reported pipelineBoard & Management Verified Operating Data
Delivery capacity via Elsmarta

Installation and enterprise relationships.

DeliveredBoard & Management Verified Operating Data
G

Financial engine

PVW analytical scenario — not company guidance.

Early-stage strategic position: value is set by financing rounds and platform traction. See the 2x / 5x / 10x / 20x sensitivity below.

I

Valuation & value creation

Reference equity value (100%)
€0.27m
PVW economic ownership
30%
PVW reference exposure
€79.7k
Method
Management assessment
Multiple of today1×2×3×5×10×20×
Company value€0.27m€0.53m€0.80m€1.33m€2.66m€5.31m
PVW attributable€79.7k€0.16m€0.24m€0.40m€0.80m€1.59m

← Swipe to see the full table →

Illustrative valuation sensitivity — not a forecast or guarantee. Based on equity value, not enterprise value. Growth scenarios are not included in current NAV.

Value creation bridge

  1. Today
  2. Existing company
  3. Head of sales + 5 sellers
  4. Partner framework agreements
  5. Elsmarta delivery
  6. SEK 100m target (2027)
  7. >30% margin
  8. Future enterprise value

Value today vs optionality

Current economic value

Existing company with a new sales organisation; SEK 3m reference value, SEK 0.9m attributable to PVW.

Future optionality (not in NAV)

A SEK 100m-revenue sales platform at >30% margin if the 2027 target is met — feeding volume to Elsmarta at the same time.

Reference cases

No meaningful comparable has been verified yet; none is shown rather than an unsourced one.

M

Ownership scorecard

PVW internal assessment. Conviction with discipline.

Market size16 / 20
Growth14 / 15
Margins8 / 10
Recurring revenue7 / 10
Competitive moat7 / 10
Customer quality8 / 10
Capital efficiency8 / 10
Management / founder5 / 5
Strategic optionality4 / 5
Exit potential4 / 5
81
/ 100
PVW conviction
High — synergy driver

Completed 30% direct ownership in the group's sales engine, feeding customers into the other companies.

Data basis: Early stage — strong team and shareholders, revenue still to be delivered.

Top strengths
  • + Proven head of sales
  • + Sales team in place from day one
  • + Elsmarta delivery + partner framework agreements
  • + Low reference value vs. target
Top risks
  • − Historical annual reports and public filings have not yet been uploaded to the data room.
  • − Direct minority ownership
  • − Dependence on key people
N

What can go wrong?

Execution

A new sales organisation must convert pipeline to signed revenue.

Key person

Results depend on the head of sales and team retention.

Market

Demand for solar and batteries is sensitive to electricity prices and subsidies.

Liquidity

Unlisted, direct minority holding.

What would invalidate the thesis?

  • Sales team fails to sign framework agreements within 12 months.
  • Revenue run-rate far below plan in 2027.
O

12–36 month catalysts & what needs to happen next

2026–2027
First framework agreements

Proof of the partner channel.

Latest reported pipeline
2027
Revaluation on revenue

New reference once revenue is delivered.

Commercial target

Five most important milestones

Q4 2026
Team fully onboarded

Head of sales + 5 sellers.

In execution
Q4 2026
Upload annual reports

Historical accounts for the data room.

In progress
H1 2027
Sign first framework agreements

Via the strategic partner.

Commercial target
2027
Track SEK 100m target

Monthly revenue and margin.

Commercial target
Q

Sources & documents

Confidential documents are released through the data room on request, never through public links.

Annual report (original)
Annual reports · Approved shareholder access
Pending verification
Valuation memo
Valuation memos · Confidential data room
Board & Management Verified Operating Data
Shareholder register extract
Shareholder agreements · Confidential data room
Pending verification
Shareholder agreement (PVW Capital AB / partner)
Shareholder agreements · Confidential data room
Pending verification

Request access: patrickvwallen@gmail.com · +46 70 491 44 43

R

Chairman’s memo — why PVW owns it

VillaKraft is the cheapest call option in the portfolio: an existing company at a SEK 3m reference value, now equipped with a proven head of sales, five hand-picked sellers, Elsmarta for delivery and a strategic partner for framework agreements. If the team delivers anything close to the SEK 100m target, the reference value is far behind reality. PVW would reconsider if no framework agreements are signed within 12 months.

Patrick Wallén · PVW Capital AB · 2026-10-26

›Appendix: Original company background
01

Overview

The hub for sales and advisory in the new energy — solar PV, batteries and energy efficiency. PVW Capital AB directly owns 30%; the transaction is completed.

02

Ownership

PVW ownership: 30%. Completed direct ownership (30%). Company value €0.27m, of which €79.7k is attributable to PVW.

03

Business

The hub for sales and advisory around the new energy (solar panels, batteries, energy efficiency). Run by a newly recruited head of sales with a track record of building three companies to over SEK 100m in revenue with 15–30% profit margins, backed by a hand-picked team. Focus on larger framework agreements, business customers and private households.

04

Market

Solar PV, batteries and energy efficiency for business customers and private households.

05

Investment thesis

The hub for sales and advisory in the new energy — solar PV, batteries and energy efficiency. PVW Capital AB directly owns 30%; the transaction is completed.

06

Value creation

Held directly by PVW Capital AB, connecting sales and advisory with the group's energy offering through operational cooperation with Elsmarta.

07

Management

Led by a newly recruited head of sales with a track record of building three companies to over SEK 100m in revenue, backed by a hand-picked team.

08

Milestones

Larger framework agreements, business customers and private households.

09

Risks

Early-stage and execution risk in building a new sales organisation, key-person dependency on the head of sales, and illiquidity.

10

Future opportunities

Management target of SEK 100m revenue in 2027 at >30% margin through a six-person sales organisation, Elsmarta and a strategic partner contributing framework agreements and network. Valued today at SEK 3m (SEK 0.9m attributable to PVW) and included in NAV.