MODULEX NORGE AS
Score · fiscal year 2025
33of 100
How to read this: the company is ahead of 24 % of small companies in the same sector in 2025. What does this mean?
Rank: 29,809 of 38,671 · Handel
Profile
Cheetah · Sprinter
High profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 88 and solidity 0 out of 100 among small companies in the same sector in 2025. Methodology
Against the sector
MODULEX NORGE AS is 17 points below the median for small companies in the same sector in 2025.
Median score 50 among 36,111 companies.
Against small companies in the same sector in 2025: operating margin 9.6% (median 2.5%) and equity ratio −398.8% (median 38.3%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 4 MNOK | 3 MNOK |
| Operating margin | 9.6% | 2.5% |
| Profit margin | 6.8% | 2.2% |
| Return on assets | 150.0% | 4.0% |
| Equity ratio | −398.8% | 38.3% |
| Debt-to-equity | – | 0.99 |
| Current ratio | 0.20 | 1.70 |
| Revenue growth | −20.1% | 3.5% |
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 33, MODULEX NORGE AS does better than 24% of small companies in the same sector (36,580 companies) in 2025.
Score 2023–2025
- MODULEX NORGE AS
- Median: small companies in the same sector
MODULEX NORGE AS has a score of 33 for 2025, rank 29,809 of 38,671 in the sector.
Strongest: Profitability: percentile 88 against peers, operating margin 9.6% against a median of 2.5%.
Weakest: Solidity: percentile 0 against peers, equity ratio −398.8% against a median of 38.3%. Liquidity: percentile 7 against peers, current ratio 0.20 against a median of 1.70.
Worth a closer look
- Equity is negative. How will it be rebuilt, and what do lenders and the auditor say about going concern? Based on: equity ratio −398.8% (median 38.3%).
- Consider strengthening liquidity: current liabilities are 5.0 times current assets. Based on: current ratio 0.20 (median 1.70).
- What lies behind weak solidity, and will it last?
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
MODULEX NORGE AS had an operating margin of 9.6% and an equity ratio of −398.8% in 2025, and ranks 29,809 of 38,671 in Handel.
From 2024 to 2025: the equity ratio fell from −146.8% to −398.8% and the operating margin rose from −34.7% to 9.6%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 3 MNOK and 3 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 3 MNOK |
| EV/EBIT | 8.0 | 3 MNOK |
| P/B | 1.0 | not meaningful |
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
- critical
Equity is negative. How will it be rebuilt, and what do lenders and the auditor say about going concern?
Based on: Equity ratio −398.8% (median 38.3%).
- critical
Consider strengthening liquidity: current liabilities are 5.0 times current assets.
Based on: Current ratio 0.20 (median 1.70).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 8.7% of the debt in 2025. The policy rate averaged 4.30 % the same year. This is a plain description of what the debt cost, not a model of interest sensitivity.
Data quality
- critical Negative equity
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 −65.6%. Based on the 11 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 88 | weight 30% |
|---|---|---|
| Solidity | 0 | weight 25% |
| Liquidity | 7 | weight 15% |
| Growth | 18 | weight 15% |
| Consistency | 20 | weight 15% |
Durability: 23 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is MODULEX NORGE AS?
The operating margin was 9.6% in 2025, against a median of 2.5% among small companies in the same sector. Return on assets was 150.0%.
How solid is MODULEX NORGE AS?
The equity ratio was −398.8% in 2025 (median 38.3%). Equity is negative, so liabilities exceed assets.
What is the liquidity of MODULEX NORGE AS like?
The current ratio was 0.20 in 2025 (median 1.70). Current assets did not cover current liabilities.
How does MODULEX NORGE AS compare in Handel?
MODULEX NORGE AS ranks 29,809 of 38,671 in Handel for 2025. Among companies of the same size (small companies) it ranks 27,647 of 36,580. Revenue changed by −20.1% from the year before.
Public contracts
- Contracts awarded since 2024
- 1
- Total awarded value since 2024
- value not stated
- Framework agreements
- 1
- Left out of the total: the value is a ceiling, not actual spend.
| Date | Buyer | Notice | Value |
|---|---|---|---|
| 23 January 2026 | SYKEHUSINNKJØP HF | Skilt til Akershus universitetssykehus HF | 0.8 MNOK (framework) |
| 23 May 2017 | Høgskolen i Sørøst-Norge | Kjøp og oppsett av sykkelskur | value not stated |
Based on notices in Doffin. Does not show call-offs under framework agreements or purchases below the publication threshold. Values are as stated by the buyer.
Source: Doffin (DFØ), fetched 28 October 2026. Winners are matched on organisation number.
Contains data under the Norwegian licence for public data (NLOD 2.0) made available by Doffin/the Norwegian Agency for Public and Financial Management (DFØ). NLOD 2.0
From the Central Coordinating Register
- Org. no.
- 929284887
- Legal form
- AS
- Sector
- Handel (46.900)
- Size tier
- small
- Employees
- 0–4 (not registered)
- Founded
- 2 June 1980 46 years in operation
- Share capital
- 0.10 MNOK
- Business address
- c/o Roy Erik Faber-Olsen, Idunns gate 5, 1511 MOSS
- Municipality
- Moss rank 4–9 of 10 in KOSTRA group 11
- Audit
- Audit opted out from 28 January 2026
- Latest accounts filed
- 2025
- Website
- www.modulex.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
- Amanda Christine Cawood
- Chair of the board
- Ketil Mølbach Staalesen
- Accountant
- NORDISK REVISJON AS
- Accountant
- FLYT ACCOUNTING 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 27 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 29 | 8 | 33 | |
| Rank | 27,432 | 36,000 | 29,809 | |
| Operating margin | 0.1% | −34.7% | 9.6% | |
| Return on assets | 0.4% | −196.2% | 150.0% | |
| Equity ratio | 9.7% | −146.8% | −398.8% | |
| Current ratio | 1.11 | 0.41 | 0.20 | |
| Revenue growth | – | −46.5% | −20.1% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 9.2 MNOK | 4.9 MNOK | 3.9 MNOK |
| Operating profit | 0.0 MNOK | −1.7 MNOK | 0.4 MNOK |
| Profit before tax | 0.0 MNOK | −1.8 MNOK | 0.3 MNOK |
| Net profit | 0.0 MNOK | −1.8 MNOK | 0.3 MNOK |
| Financial expenses | 0.0 MNOK | 0.1 MNOK | 0.1 MNOK |
| Total assets | 5.5 MNOK | 0.9 MNOK | 0.3 MNOK |
| Current assets | 5.5 MNOK | 0.9 MNOK | 0.3 MNOK |
| Equity | 0.5 MNOK | −1.3 MNOK | −1.0 MNOK |
| Retained earnings | 0.0 MNOK | −1.4 MNOK | −1.1 MNOK |
| Total liabilities | 5.0 MNOK | 2.1 MNOK | 1.3 MNOK |
| Current liabilities | 5.0 MNOK | 2.1 MNOK | 1.3 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 27 October 2026, accounts id 6517481.
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