Axio AS
Score · fiscal year 2024
54of 100
How to read this: the company is ahead of 58 % of companies in the Morning class Micro in the same sector in 2024. What does this mean?
Rank in the Morning class Micro: 914 of 2,165 · What are Morning company classes?
Place in the whole sector: 1,744 of 4,104 · Teknisk tjenesteyting og forskning
Profile
Elephant · Steward
Lower profitability, high solidity
Position against comparable companies in 2024, not a verdict on the company. Based on profitability 35 and solidity 96 out of 100 among companies in the Morning class Micro in the same sector in 2024. Methodology
Against the sector
Axio AS is 4 points above the median for companies in the Morning class Micro in the same sector in 2024.
Median score 50 among 2,165 companies.
Against companies in the Morning class Micro in the same sector in 2024: operating margin −108.2% (median 5.8%) and equity ratio 91.9% (median 41.5%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 5 MNOK | 3 MNOK |
| Operating margin | −108.2% | 5.8% |
| Profit margin | 892.5% | 5.6% |
| Return on assets | 22.1% | 11.5% |
| Equity ratio | 91.9% | 41.5% |
| Debt-to-equity | 0.09 | 1.10 |
| Current ratio | 1.41 | 1.61 |
| Revenue growth | −36.4% | 5.6% |
The median and “ahead of” refer to companies in the Morning class Micro in the same sector in 2024. The bar shows the share of companies the figure is ahead of.
With an index of 54, Axio AS does better than 58% of companies in the Morning class Micro in the same sector (2,165 companies) in 2024.
Score 2023–2025
- Axio AS
- Median: companies in the Morning class Micro in the same sector
What the numbers say
Axio AS had an operating margin of −108.2% and an equity ratio of 91.9% in 2024, and ranks 1,744 of 4,104 in Teknisk tjenesteyting og forskning.
From 2023 to 2024: the operating margin fell from −36.2% to −108.2% and revenue fell by 36%.
This text is generated automatically from the 2024 accounts.
Three simple methods
The methods give between 374 MNOK and 523 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 18.6 | 523 MNOK |
| EV/EBIT | 15.9 | not meaningful |
| P/B | 3.2 | 374 MNOK |
The listed basis is the value at listed multiples. The estimate is lowered by 39% for an unlisted company: 20% for lack of marketability and 24% for size (a small-company premium of 2% on the cost of equity).
A mechanical estimate from public accounts, not advice. A mechanical estimate from public accounts with listed multiples and fixed adjustments. Not a valuation and not advice to buy or sell. See the calculation
Worth a closer look
- watch
The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors?
Based on: Operating margin −108.2% (median 5.8%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 23.7% of the debt in 2024. The policy rate averaged 4.50 % the same year. This is a plain description of what the debt cost, not a model of interest sensitivity.
See interest rates, prices and exchange rates for the sector
Data quality
- watch Extreme margin: check the figures
Scenario analysis: the sector's weakest year
We have no accounts for 2021, the sector's weakest year, for this company.
The sector's weakest year was 2021, with a median operating margin of −0.2%. Based on the 8 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 35 | weight 30% |
|---|---|---|
| Solidity | 96 | weight 25% |
| Liquidity | 42 | weight 15% |
| Growth | 6 | weight 15% |
| Consistency | 79 | weight 15% |
Durability: 55 (average over 2 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Axio AS?
The operating margin was −108.2% in 2024, against a median of 5.8% among companies in the Morning class Micro in the same sector. Return on assets was 22.1%.
How solid is Axio AS?
The equity ratio was 91.9% in 2024 (median 41.5%). Debt-to-equity was 0.09 (median 1.10).
What is the liquidity of Axio AS like?
The current ratio was 1.41 in 2024 (median 1.61).
How does Axio AS compare in Teknisk tjenesteyting og forskning?
Axio AS ranks 1,744 of 4,104 in Teknisk tjenesteyting og forskning for 2024. Among companies in the Morning class Micro it is number 914 of 2,165. Revenue changed by −36.4% from the year before.
Group accounts · 2025
61 of 100
Rank 9 of 31 groups in the Morning class Large in Teknisk tjenesteyting og forskning. Groups are ranked only against other groups in the same sector and class, never against single companies.
- Operating revenue, group
- 2,033 MNOK
- Operating profit, group
- 196 MNOK
- Profit before tax, group
- 170 MNOK
- Total assets, group
- 1,074 MNOK
- Equity, group
- 527 MNOK
| Key figure | The group | The company alone (2024) |
|---|---|---|
| Operating margin | 9.7% | – |
| Return on assets | 27.9% | – |
| Equity ratio | 49.0% | – |
| Current ratio | 1.64 | – |
| Revenue growth | −10.9% | – |
Group index in earlier years: 2023: 60 (10 of 30), 2024: 65 (4 of 29).
Same formulas and weights as the company index. Group and company are never added together, and the group accounts are not part of sector averages or company rankings.
Source: Brønnøysund Register Centre, group accounts 2025 (open data, NLOD 2.0).
Read the figures with care: a company in a group can look strong because of group contributions, or weak because dividends go up to the parent. The figures are indications, not the full picture.
Group structure · 2025
20 companies in the group according to the shareholder register for 2025. A company counts as a subsidiary when a Norwegian company owns more than half of its shares.
No owner holds more than half of the shares in Axio AS.
Group accounts. Axio AS for 2025: index 61 of 100, number 9 of 31 groups.
-
Axio AS you are here
Read the figures with care: a company in a group can look strong because of group contributions, or weak because dividends go up to the parent. The figures are indications, not the full picture.
Source: the Norwegian Tax Administration's shareholder register 2025 (majority owner with more than 50 % of the shares). Voting agreements and ownership through other countries are not included.
From the Central Coordinating Register
- Org. no.
- 888695532
- Legal form
- AS · part of a group
- Sector
- Teknisk tjenesteyting og forskning (71.129)
- Morning company class
- Micro
- Employees
- 0–4 (not registered)
- Founded
- 20 September 2005 21 years in operation
- Share capital
- 2.41 MNOK
- Business address
- Grandfjæra 28, 6415 MOLDE
- Municipality
- Molde rank 1–8 of 13 in KOSTRA group 10
- Latest accounts filed
- 2025
- Website
- www.axess.no
- LEI
- 549300JVLMQ8J09FOT92 not renewed (lapsed)
Source: Central Coordinating Register, Brønnøysund Register Centre. The employee count is reported by the company and may be older than the accounts. See the company at the Brønnøysund Register Centre
Ownership and roles
Loading roles …
Source: Central Coordinating Register, fetched 2 November 2026. Only names are shown.
- Parent company
- Parent does not consolidate the company
Source: GLEIF (Global Legal Entity Identifier Foundation), fetched 30 October 2026. The parent is the one the company itself reported to GLEIF.
Shareholders (2025)
- Number of shareholders
- 42
- Largest owner
- 26.7% · top three 54.1%
- Split
- companies 82% · private persons 18% · foreign 2%
- Owned from the same municipality
- 83%
- Owners over 60
- 48% of the shares held by persons (median age 58)
- Støtar AS · 26.7%
- Topp 1 AS · 18.6%
- Axio AS · 8.8%
- Environ AS · 5.9%
- Norsk Landbrukskjemi AS · 4.5%
- Jæger Holding AS · 4.0%
- Rigla AS · 2.7%
- Radin Invest AS · 2.3%
- Time of Flight AS · 1.1%
- Inventure Management AS · 1.0%
- 20 private persons · 17.7%
Change 2007–2025:
74% of the shares changed owner (30 new and 6 departed owners).
New owners (companies): Blø Invest AS, Chagen Invest AS, Fixen AS, Hholmen AS, Inventure Management AS
Departed (companies): Axard AS, Blautmyr 1 AS, Storm 1 AS, Støtar 1 AS, T. Thorn AS
Majority owner of: Axkraft AS (100%), Axbu AS (100%), Axess Co-Invest AS (80%), Axess AS (72%), Fole Fin Utsikt AS (55%)
The portfolio: 7 of the companies it owns shares in have accounts with us, 4 of them as majority owner. The average index is 45. 1 have negative equity and 1 made a loss in the latest year.
Holds shares in: Axess Co-Invest AS (80%), Høvding AS (20%), Axkraft AS (100%), Axess AS (72%), Axio AS (9%), Moments Climbing Holding 2 AS (50%), Fole Fin Utsikt AS (55%), Axbu AS (100%)
Source: the Norwegian Tax Administration's shareholder register as of 2025. Figures may be older than today's ownership. Private persons are not shown by name.
Error in the data?
Do you see an error in the figures or in how the company is mapped (sector, holding, group)? Let us know. Corrections require documentation.
Figures last fetched 30 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 56 | 54 | 53 | |
| Rank | 1,564 | 1,744 | 1,858 | |
| Operating margin | −36.2% | −108.2% | −101.7% | |
| Return on assets | 24.8% | 22.1% | 19.1% | |
| Equity ratio | 83.0% | 91.9% | 77.6% | |
| Current ratio | 0.69 | 1.41 | 0.57 | |
| Revenue growth | – | −36.4% | 39.4% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 7.4 MNOK | 4.7 MNOK | 6.6 MNOK |
| Operating profit | −2.7 MNOK | −5.1 MNOK | −6.7 MNOK |
| Profit before tax | 50.2 MNOK | 42.0 MNOK | 38.4 MNOK |
| Tax expense | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Net profit | 50.2 MNOK | 42.0 MNOK | 38.4 MNOK |
| Financial expenses | 3.4 MNOK | 4.0 MNOK | 2.8 MNOK |
| Total assets | 216.2 MNOK | 208.4 MNOK | 215.7 MNOK |
| Current assets | 25.3 MNOK | 23.8 MNOK | 27.2 MNOK |
| Equity | 179.5 MNOK | 191.5 MNOK | 167.3 MNOK |
| Retained earnings | 137.6 MNOK | 163.3 MNOK | 139.2 MNOK |
| Total liabilities | 36.8 MNOK | 16.9 MNOK | 48.4 MNOK |
| Current liabilities | 36.6 MNOK | 16.9 MNOK | 47.7 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 30 October 2026, accounts id 6231845.
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