NOREX MARKET AS
Score · fiscal year 2025
55of 100
How to read this: the company is ahead of 60 % of small companies in the same sector in 2025. What does this mean?
Rank: 12,384 of 30,442 · Handel
Profile
Elephant · Steward
Lower profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 46 and solidity 67 out of 100 among small companies in the same sector in 2025. Methodology
Against the sector
NOREX MARKET AS is 5 points above the median for small companies in the same sector in 2025.
Median score 50 among 28,491 companies.
Against small companies in the same sector in 2025: operating margin 0.7% (median 2.2%) and equity ratio 63.1% (median 35.1%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 9 MNOK | 3 MNOK |
| Operating margin | 0.7% | 2.2% |
| Profit margin | 0.6% | 2.0% |
| Return on assets | 3.1% | 3.2% |
| Equity ratio | 63.1% | 35.1% |
| Debt-to-equity | 0.58 | 1.05 |
| Current ratio | 2.11 | 1.64 |
| Revenue growth | 6.4% | 3.8% |
| Revenue per employee | 0.61 MNOK | 1.60 MNOK |
The median and “ahead of” refer to small companies in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 55, NOREX MARKET AS does better than 60% of small companies in the same sector (28,889 companies) in 2025.
Score 2023–2025
- NOREX MARKET AS
- Median: small companies in the same sector
NOREX MARKET AS has a score of 55 for 2025, rank 12,384 of 30,442 in the sector.
Strongest: Solidity: percentile 67 against peers, equity ratio 63.1% against a median of 35.1%. Liquidity: percentile 60 against peers, current ratio 2.11 against a median of 1.64.
No area is clearly below its peers.
Written by fixed rules from the figures. Describes the figures, does not explain causes. Not investment or financial advice. How the summary is made
What the numbers say
NOREX MARKET AS had an operating margin of 0.7% and an equity ratio of 63.1% in 2025, and ranks 12,384 of 30,442 in Handel.
From 2024 to 2025: the operating margin fell from 3.0% to 0.7%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 1 MNOK and 1 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 1 MNOK |
| EV/EBIT | 8.0 | 1 MNOK |
| P/B | 1.0 | 1 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.
Data quality
No anomalies found in the figures.
Scenario analysis: the sector's weakest year
We have no accounts for 2017, the sector's weakest year, for this company.
The sector's weakest year was 2017, with a median operating margin of −134.9%. 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 | 46 | weight 30% |
|---|---|---|
| Solidity | 67 | weight 25% |
| Liquidity | 60 | weight 15% |
| Growth | 56 | weight 15% |
| Consistency | 46 | weight 15% |
Durability: 52 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is NOREX MARKET AS?
The operating margin was 0.7% in 2025, against a median of 2.2% among small companies in the same sector. Return on assets was 3.1%.
How solid is NOREX MARKET AS?
The equity ratio was 63.1% in 2025 (median 35.1%). Debt-to-equity was 0.58 (median 1.05).
What is the liquidity of NOREX MARKET AS like?
The current ratio was 2.11 in 2025 (median 1.64).
How does NOREX MARKET AS compare in Handel?
NOREX MARKET AS ranks 12,384 of 30,442 in Handel for 2025. Among companies of the same size (small companies) it ranks 11,645 of 28,889. Revenue changed by 6.4% from the year before.
From the Central Coordinating Register
- Org. no.
- 925862444
- Legal form
- AS
- Sector
- Handel (46.490)
- Size tier
- small
- Employees
- 14 registered 10 August 2026
- Founded
- 11 December 2020 5 years in operation
- Share capital
- 0.60 MNOK
- Business address
- Bøkkerveien 4, 0579 OSLO
- Municipality
- Oslo rank 23–283 of 357 in Norway
- Latest accounts filed
- 2025
- Website
- www.norexmarket.no
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
- Michael Chen
- Chair of the board
- Wenqi Zhang
- Board member
- Michael Chen
- Board member
- Xiaonan Chen
- Board member
- Hanlin Huang
- Board member
- Zhuokun Li
- Board member
- Jenny Gramdal
- Auditor
- AS REVISION
- Accountant
- CONNECT ACCOUNTING SERVICES AS
Source: Central Coordinating Register, fetched 25 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 27 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 39 | 63 | 55 | |
| Rank | 17,567 | 6,899 | 12,384 | |
| Operating margin | −9.4% | 3.0% | 0.7% | |
| Return on assets | −42.1% | 13.4% | 3.1% | |
| Equity ratio | 60.8% | 67.6% | 63.1% | |
| Current ratio | 2.68 | 2.35 | 2.11 | |
| Revenue growth | – | 10.9% | 6.4% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 7.2 MNOK | 8.0 MNOK | 8.5 MNOK |
| Operating profit | −0.7 MNOK | 0.2 MNOK | 0.1 MNOK |
| Profit before tax | −0.7 MNOK | 0.2 MNOK | 0.1 MNOK |
| Net profit | −0.7 MNOK | 0.2 MNOK | 0.1 MNOK |
| Financial expenses | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Total assets | 1.6 MNOK | 1.8 MNOK | 2.0 MNOK |
| Current assets | 1.6 MNOK | 1.3 MNOK | 1.5 MNOK |
| Equity | 1.0 MNOK | 1.2 MNOK | 1.3 MNOK |
| Retained earnings | −0.6 MNOK | −0.4 MNOK | −0.4 MNOK |
| Total liabilities | 0.6 MNOK | 0.6 MNOK | 0.7 MNOK |
| Current liabilities | 0.6 MNOK | 0.5 MNOK | 0.7 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 27 October 2026, accounts id 7158431.
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