MODULE PIPING AS
Score · fiscal year 2024
77of 100
How to read this: the company is ahead of 94 % of companies in the Morning class Micro in the same sector in 2024. What does this mean?
Rank in the Morning class Micro: 776 of 12,256 · What are Morning company classes?
Place in the whole sector: 1,212 of 19,473 · Bygg og anlegg
Profile
Lion · Leader
High profitability, high solidity
Position against comparable companies in 2024, not a verdict on the company. Based on profitability 93 and solidity 61 out of 100 among companies in the Morning class Micro in the same sector in 2024. Methodology
Against the sector
MODULE PIPING AS is 27 points above the median for companies in the Morning class Micro in the same sector in 2024.
Median score 50 among 12,247 companies.
Against companies in the Morning class Micro in the same sector in 2024: operating margin 20.7% (median 3.7%) and equity ratio 47.4% (median 33.5%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 3 MNOK | 3 MNOK |
| Operating margin | 20.7% | 3.7% |
| Profit margin | 20.7% | 3.1% |
| Return on assets | 66.5% | 8.0% |
| Equity ratio | 47.4% | 33.5% |
| Debt-to-equity | 1.11 | 1.42 |
| Current ratio | 1.91 | 1.42 |
| Revenue growth | 49.8% | 4.1% |
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 77, MODULE PIPING AS does better than 94% of companies in the Morning class Micro in the same sector (12,256 companies) in 2024.
Score 2023–2025
- MODULE PIPING AS
- Median: companies in the Morning class Micro in the same sector
What the numbers say
MODULE PIPING AS had an operating margin of 20.7% and an equity ratio of 47.4% in 2024, and ranks 1,212 of 19,473 in Bygg og anlegg.
From 2023 to 2024: the operating margin rose from 6.1% to 20.7% and revenue grew by 50%.
This text is generated automatically from the 2024 accounts.
Three simple methods
The methods give between 0 MNOK and 6 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 5 MNOK |
| EV/EBIT | 8.0 | 6 MNOK |
| P/B | 1.0 | 0 MNOK |
A mechanical estimate from public accounts, not advice. Mechanical estimate from public accounts with fixed multiples. Not a valuation and not advice to buy or sell. The multiples are provisional default values and must be adjusted per sector before the figures are used for anything. See the calculation
Worth a closer look
No rules were triggered for this year.
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 0.2% 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
No anomalies found in 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 1.8%. Based on the 10 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 93 | weight 30% |
|---|---|---|
| Solidity | 61 | weight 25% |
| Liquidity | 67 | weight 15% |
| Growth | 82 | weight 15% |
| Consistency | 79 | weight 15% |
Durability: 63 (average over 2 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is MODULE PIPING AS?
The operating margin was 20.7% in 2024, against a median of 3.7% among companies in the Morning class Micro in the same sector. Return on assets was 66.5%.
How solid is MODULE PIPING AS?
The equity ratio was 47.4% in 2024 (median 33.5%). Debt-to-equity was 1.11 (median 1.42).
What is the liquidity of MODULE PIPING AS like?
The current ratio was 1.91 in 2024 (median 1.42).
How does MODULE PIPING AS compare in Bygg og anlegg?
MODULE PIPING AS ranks 1,212 of 19,473 in Bygg og anlegg for 2024. Among companies in the Morning class Micro it is number 776 of 12,256. Revenue changed by 49.8% from the year before.
From the Central Coordinating Register
- Org. no.
- 921173105
- Legal form
- AS
- Sector
- Bygg og anlegg (43.221)
- Morning company class
- Micro
- Employees
- 0–4 (not registered)
- Founded
- 28 June 2018 8 years in operation
- Share capital
- 0.03 MNOK
- Business address
- Vikvegen 40B, 6393 TOMREFJORD (VESTNES)
- Municipality
- Vestnes rank 11–29 of 39 in KOSTRA group 4
- Audit
- Audit opted out from 17 July 2018
- Latest accounts filed
- 2025
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
- Chief executive
- Thomas Blom Dolpen
- Chair of the board
- Thomas Blom Dolpen
- Accountant
- ROAN ØKONOMI AS
Source: Central Coordinating Register, fetched 29 October 2026. Only names are shown.
Owners and shareholdings will appear here once the shareholder data extract is in place.
Coming · not built yet
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 26 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 49 | 77 | 30 | |
| Rank | 9,660 | 1,212 | 16,816 | |
| Operating margin | 6.1% | 20.7% | −10.3% | |
| Return on assets | 29.9% | 66.5% | −28.6% | |
| Equity ratio | 22.9% | 47.4% | 37.2% | |
| Current ratio | 1.30 | 1.91 | 1.16 | |
| Revenue growth | – | 49.8% | −37.6% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 2.2 MNOK | 3.4 MNOK | 2.1 MNOK |
| Operating profit | 0.1 MNOK | 0.7 MNOK | −0.2 MNOK |
| Profit before tax | 0.1 MNOK | 0.7 MNOK | −0.2 MNOK |
| Net profit | 0.1 MNOK | 0.5 MNOK | −0.2 MNOK |
| Financial expenses | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Total assets | 0.5 MNOK | 1.0 MNOK | 0.7 MNOK |
| Current assets | 0.5 MNOK | 1.0 MNOK | 0.5 MNOK |
| Equity | 0.1 MNOK | 0.5 MNOK | 0.3 MNOK |
| Retained earnings | 0.1 MNOK | 0.5 MNOK | 0.2 MNOK |
| Total liabilities | 0.4 MNOK | 0.5 MNOK | 0.5 MNOK |
| Current liabilities | 0.4 MNOK | 0.5 MNOK | 0.5 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 5516741.
Further
Similar companies
- RINGVOLD INVEST AS index 77, rank 1,209 · compare
- TOMHUS AS index 77, rank 1,211 · compare
- TOR INGE TØFTVANG AS index 77, rank 1,213 · compare
- ARA RØR AS index 77, rank 1,214 · compare
- LV MASKIN AS index 77, rank 1,215 · compare