E-Mexx AS
Not financial advice. The index, rank, signals and advice are rule-based indications from the latest filed annual accounts. They are not a credit rating, an assessment of management or a recommendation to buy, sell or do business with the company. Read more
Key facts
Is the company run well?
Five key figures against companies in the Morning class Micro in the same sector. Green is better than most, amber about like the industry and red weaker than most.
- Profitability · operating margin 18.1% Better than the industry Industry: 3.7%
- Returns · return on assets 15.4% Better than the industry Industry: 9.5%
- Solidity · equity ratio 28.6% About like the industry Industry: 28.9%
- Liquidity · current ratio 1.38 About like the industry Industry: 1.46
- Growth · revenue growth 65.1% Better than the industry Industry: 5.3%
The mark comes from the company's place among comparable companies (percentile): green from 60, amber from 40, red below 40. Negative equity, an operating loss and a current ratio under 1 pull it down regardless. Methodology
Score · fiscal year 2024
63of 100
How to read this: the company is ahead of 76 % of companies in the Morning class Micro in the same sector in 2024. What does this mean?
Rank in the Morning class Micro: 1,084 of 4,495 · What are Morning company classes?
Place in the whole sector: 1,395 of 5,825 · Annen tjenesteyting
Profile
Cheetah · Sprinter
High profitability, lower resilience
Position against comparable companies in 2024, not a verdict on the company. Based on profitability 74 and resilience 47 out of 100 among companies in the Morning class Micro in the same sector in 2024. Methodology
Against the sector
E-Mexx AS is 12 points above the median for companies in the Morning class Micro in the same sector in 2024.
Median score 51 among 4,494 companies.
Against companies in the Morning class Micro in the same sector in 2024: operating margin 18.1% (median 3.7%) and equity ratio 28.6% (median 28.9%).
How it has gone · 2023–2025
Revenue rose by 280 % from 2023 to 2025, to 21.3 MNOK. The operating margin fell from 19.0% in 2023 to 7.6% in 2025. The equity ratio fell from 32.8% in 2023 to 24.6% in 2025.
Amounts in the reporting currency. The full year-by-year table is further down under «Details». See every figure year by year
Accounts in short
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 5.6 MNOK | 9.2 MNOK | 21.3 MNOK |
| Operating profit | 1.1 MNOK | 1.7 MNOK | 1.6 MNOK |
| Net profit | 0.8 MNOK | 1.3 MNOK | 1.3 MNOK |
| Total assets | 5.6 MNOK | 10.9 MNOK | 13.7 MNOK |
| Equity | 1.8 MNOK | 3.1 MNOK | 3.4 MNOK |
| Total liabilities | 3.7 MNOK | 7.8 MNOK | 10.3 MNOK |
From the Brønnøysund Register Centre, in the company's reporting currency (NOK). See every figure year by year
From the Central Coordinating Register
- Org. no.
- 926829033
- Legal form
- AS
- Sector
- Annen tjenesteyting (95.290)
- Purpose
- Salg, reparasjon og vedlikehold av elektriske sparkesykler og annet sportsutstyr, samt det som naturlig hører sammen med dette.
- Morning company class
- Micro
- Employees
- 8 registered 10 November 2026
- Founded
- 25 February 2021 5 years in operation
- Share capital
- 0.03 MNOK
- Business address
- Nedre Storgate 17, 3015 DRAMMEN
- Municipality
- Drammen rank 10 of 11 in KOSTRA group 12
- Latest accounts filed
- 2025
- VAT registered
- Yes
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
Worth a closer look
- watch
Receivables equal far more days of revenue than at comparable companies. Do customers pay late, or are these loans to companies in the same group?
Based on: Receivable days 212 days (median 10 days).
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 2022, the sector's weakest year, for this company.
The sector's weakest year was 2022, with a median operating margin of 0.6%. Based on the 9 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 74 | weight 40% |
|---|---|---|
| Solidity | 42 | weight 20% |
| Liquidity | 46 | weight 5% |
| Growth | 69 | weight 25% |
| Consistency | 55 | weight 10% |
Three goals: profitability 40%, growth 25%, resilience 35%. Why these weights?
Durability: 65 (average over 2 years)
Index version 3. Data completeness 100%: the share of the weights that had data.
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 9 MNOK | 3 MNOK |
| Operating margin | 18.1% | 3.7% |
| Profit margin | 17.9% | 3.1% |
| Return on assets | 15.4% | 9.5% |
| Equity ratio | 28.6% | 28.9% |
| Debt-to-equity | 2.49 | 1.53 |
| Current ratio | 1.38 | 1.46 |
| Revenue growth | 65.1% | 5.3% |
| Revenue per employee | 1.03 MNOK | 0.68 MNOK |
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 63, E-Mexx AS does better than 76% of companies in the Morning class Micro in the same sector (4,495 companies) in 2024.
Score 2023–2025
- E-Mexx AS
- Median: companies in the Morning class Micro in the same sector
Working capital and debt
| Measure | Company | Median | |
|---|---|---|---|
| Working capital | |||
| Receivable days All current receivables, including those on group companies, in days of revenue. |
212 days | 10 days | |
| Inventory and other current assets, days Current assets other than receivables and bank deposits, that is inventory and short-term investments, in days of revenue. |
61 days | 14 days | |
| Net working capital to revenue Current assets less bank deposits less current liabilities, divided by revenue. Negative: short-term debt funds the operations. |
−9.6% | −9.0% | |
| Cash share of current assets How much of the short-term buffer is bank deposits and cash. |
36.0% | 65.5% | |
| Debt and interest burden | |||
| Interest coverage (times) Operating result divided by all financial costs. Below 1: operations do not cover the cost of the debt. |
112.3 | 7.2 | |
| Financial costs as a share of debt All financial costs (interest, currency losses and other) divided by all debt, interest-free debt included. Not an interest rate. |
0.2% | 0.6% | |
| Long-term share of debt Long-term debt as a share of all debt. A low share means more falls due within a year. |
0.1% | 0.0% | |
Net working capital (current assets less bank deposits less current liabilities): −0.9 MNOK.
Of the financial costs of 0.0 MNOK, 0.0 MNOK is reported as interest costs in the accounts.
The median and the bar refer to companies in the Morning class Micro in the same sector in 2024. The bar shows the share of the group with a lower figure: higher is not always better, long receivable days tie up capital, for example. These figures do not count in the score.
Returns, debt against earnings and quality
The accounts for 2024 lack the figures needed.
What the numbers say
E-Mexx AS had an operating margin of 18.1% and an equity ratio of 28.6% in 2024, and ranks 1,395 of 5,825 in Annen tjenesteyting.
From 2023 to 2024: revenue grew by 65%.
This text is generated automatically from the 2024 accounts.
Three simple methods
Suggested price: about 11 MNOK
The mean of the 3 methods below (P/E, EV/EBIT and P/B with listed multiples and a size adjustment), rounded to two significant figures. It is a calculation, not a bid or a valuation. The methods differ widely (the highest is 3.6 times the lowest), so the estimate is uncertain.
That is about 110,000 NOK per share, on 100 shares in the shareholder register.
The methods give between 5 MNOK and 17 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 19.2 | 12 MNOK |
| EV/EBIT | 15.1 | 17 MNOK |
| P/B | 2.4 | 5 MNOK |
| EV/EBIT: from enterprise value to equity | NOK |
|---|---|
| Enterprise value (EV) at the listed multiple | 21 MNOK |
| Enterprise value after the size adjustment | 13 MNOK |
| Less net debt (rough figure) | −4 MNOK |
| Equity value | 17 MNOK |
Net debt is a rough figure: long-term liabilities minus cash. The accounts do not split interest-bearing debt from other liabilities, and short-term borrowings are not included. The size adjustment applies to the enterprise value, not to the debt. Net debt is −30% of the enterprise value after the size adjustment, so the equity value from EV/EBIT is sensitive to errors in the debt figure.
The listed basis is the value at listed multiples. The estimate is lowered for size: a small-company premium of 4% on the cost of equity gives a value 38% lower. No separate marketability discount is applied, because the premium already allows for the company being small and unlisted.
The NACE code has no listed industry of its own in the table, so the multiples are the sector median: Total Market (without financials).
Not financial advice. The value range is a rough model estimate from listed-company multiples, not a valuation, a price target or a price offer. The actual value may differ greatly. Read more
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
Figures you will not find in any register
We calculated these figures ourselves from the accounts and registers we have read. The company has not reported them and the Brønnøysund Register Centre does not publish them. They are indications and are not part of the index. How we calculate
- Personnel cost per employee
- 0.11 MNOK per employee in 2024
Comparable companies have a median of 0.35 MNOK. This company is above 6% of them (1,453 companies in the same industry and size class).
Payroll costs are 9% of revenue.
Payroll costs in the accounts divided by 8 employees in the business register. Payroll costs include employer's contribution and pension, so they are higher than wages. The employee count is a snapshot and can differ from the average over the accounting year. - Equity paid out or paid in
- 1.0 MNOK left equity beyond the result in 2025.
That equals 79% of the year's result.
Over 2 years it equals 39% of the sum of the results.
Calculated as retained earnings at the start of the year + net result − retained earnings at the end of the year. What remains is dividends and group contributions, plus transfers to other items and corrections of earlier years. It is not a dividend figure. - Owners and leadership aged 60 or older
- No sign of a near generation change in the ages.
- The chair is under 60.
- 0 of 2 on the board are 60 or older.
Not financial advice. The index, rank, signals and advice are rule-based indications from the latest filed annual accounts. They are not a credit rating, an assessment of management or a recommendation to buy, sell or do business with the company. Read more
Questions and answers
How profitable is E-Mexx AS?
The operating margin was 18.1% in 2024, against a median of 3.7% among companies in the Morning class Micro in the same sector. Return on assets was 15.4%.
How solid is E-Mexx AS?
The equity ratio was 28.6% in 2024 (median 28.9%). Debt-to-equity was 2.49 (median 1.53).
What is the liquidity of E-Mexx AS like?
The current ratio was 1.38 in 2024 (median 1.46).
How does E-Mexx AS compare in Annen tjenesteyting?
E-Mexx AS ranks 1,395 of 5,825 in Annen tjenesteyting for 2024. Among companies in the Morning class Micro it is number 1,084 of 4,495. Revenue changed by 65.1% from the year before.
Group structure · 2025
5 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.
Private persons own 100% of the shares in Sveinung Kristiansen Holding AS. Persons are not shown by name.
Group accounts. Sveinung Kristiansen Holding AS for 2025: index 79 of 100, number 13 of 240 groups. See the group accounts
The group in figures
- Sectors
- Handel (3 companies), Annen tjenesteyting (1 company), Industri (1 company) 5 of 5 companies in the tree have accounts with us. Sectors are sorted by the companies' own revenue, which includes sales between the group's companies.
- Employees in Norway
- 313 in all. Drammen 313 Registered employees in the Central Coordinating Register, by the municipality of the business address. Employees may work elsewhere.
- Negative equity
- 1 company: E-Wheels 2 AS
- Loss
- 1 company: E-Wheels 2 AS
A subsidiary with negative equity or a loss may be backed by the group, for example with group contributions or guarantees. It is an indication of what is worth asking about, not an assessment.
-
Sveinung Kristiansen Holding AS
-
E-Wheels Norge AS
- E-Mexx AS you are here
- Kajakk og Fritid AS
- E-Wheels 2 AS
-
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.
Ownership and roles
Loading roles …
Source: Central Coordinating Register, fetched 1 November 2026. Only names are shown.
Shareholders (2025)
- Number of shareholders
- 6 (one owner holds more than half)
- Largest owner
- 51.0% · top three 71.0%
- Split
- companies 91% · private persons 9% · foreign 0%
- Owned from the same municipality
- 85%
- Group chain
-
Owned by: E-Wheels Norge AS (51%)
Ultimate owner: private person
- E-Wheels Norge AS · 51.0%
- Leithe Holding AS · 10.0%
- Søderlind Holding AS · 10.0%
- Mirassol Holding AS · 10.0%
- Classon Holding AS · 10.0%
- 1 private persons · 9.0%
The company is new in the shareholder register in 2025.
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.
Is this your company? Suggest changes or add information
Figures last fetched 6 November 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 67 | 63 | 44 | |
| Rank | 1,303 | 1,395 | 3,787 | |
| Operating margin | 19.0% | 18.1% | 7.6% | |
| Return on assets | 19.2% | 15.4% | 11.9% | |
| Equity ratio | 32.8% | 28.6% | 24.6% | |
| Current ratio | 1.44 | 1.38 | 1.30 | |
| Revenue growth | – | 65.1% | 130.3% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 5.6 MNOK | 9.2 MNOK | 21.3 MNOK |
| Operating profit | 1.1 MNOK | 1.7 MNOK | 1.6 MNOK |
| Profit before tax | 1.1 MNOK | 1.7 MNOK | 1.6 MNOK |
| Tax expense | 0.2 MNOK | 0.4 MNOK | 0.4 MNOK |
| Net profit | 0.8 MNOK | 1.3 MNOK | 1.3 MNOK |
| Financial expenses | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Total assets | 5.6 MNOK | 10.9 MNOK | 13.7 MNOK |
| Current assets | 5.4 MNOK | 10.7 MNOK | 13.4 MNOK |
| Equity | 1.8 MNOK | 3.1 MNOK | 3.4 MNOK |
| Retained earnings | 1.8 MNOK | 3.1 MNOK | 3.3 MNOK |
| Total liabilities | 3.7 MNOK | 7.8 MNOK | 10.3 MNOK |
| Current liabilities | 3.7 MNOK | 7.8 MNOK | 10.3 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 6 November 2026, accounts id 5674973.
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