MODALEN HOLDING AS
Score · fiscal year 2025
48of 100
How to read this: the company is ahead of 47 % of small companies in the same sector in 2025. What does this mean?
Rank: 17,533 of 32,582 · Bygg og anlegg
Profile
Elephant · Steward
Lower profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 34 and solidity 73 out of 100 among small companies in the same sector in 2025. Methodology
Against the sector
MODALEN HOLDING AS is 2 points below the median for small companies in the same sector in 2025.
Median score 50 among 31,472 companies.
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating margin | – | 3.7% |
| Profit margin | – | 3.4% |
| Return on assets | −0.2% | 5.7% |
| Equity ratio | 66.6% | 36.5% |
| Debt-to-equity | 0.50 | 1.20 |
| Current ratio | – | 1.45 |
| Revenue growth | – | 3.0% |
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 48, MODALEN HOLDING AS does better than 47% of small companies in the same sector (31,720 companies) in 2025.
Score 2023–2025
- MODALEN HOLDING AS
- Median: small companies in the same sector
MODALEN HOLDING AS has a score of 48 for 2025, rank 17,533 of 32,582 in the sector.
Strongest: Solidity: percentile 73 against peers, equity ratio 66.6% against a median of 36.5%.
Weakest: Profitability: percentile 34 against peers. Consistency: percentile 36 against peers.
Worth a closer look
- The company made a loss before tax. Are these one-off items or a pattern? Based on: profit margin – (median 3.4%).
- What lies behind weak profitability, and will it last?
- What lies behind weak consistency, 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
MODALEN HOLDING AS had an operating margin of – and an equity ratio of 66.6% in 2025, and ranks 17,533 of 32,582 in Bygg og anlegg.
From 2024 to 2025: the equity ratio fell from 88.4% to 66.6%.
This text is generated automatically from the 2025 accounts.
Three simple methods
One method gives a figure: 23 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | 23 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
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin – (median 3.4%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 3.1% 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
- watch Revenue not reported
- watch No revenue but large assets
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 2.5%. 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 | 34 | weight 30% |
|---|---|---|
| Solidity | 73 | weight 25% |
| Liquidity | – | no data, left out |
| Growth | – | no data, left out |
| Consistency | 36 | weight 15% |
Durability: 53 (average over 3 years)
Index version 2. Data completeness 70%: the share of the weights that had data.
Questions and answers
How profitable is MODALEN HOLDING AS?
The operating margin was – in 2025, against a median of 3.7% among small companies in the same sector. Return on assets was −0.2%. The company made a loss before tax.
How solid is MODALEN HOLDING AS?
The equity ratio was 66.6% in 2025 (median 36.5%). Debt-to-equity was 0.50 (median 1.20).
How does MODALEN HOLDING AS compare in Bygg og anlegg?
MODALEN HOLDING AS ranks 17,533 of 32,582 in Bygg og anlegg for 2025. Among companies of the same size (small companies) it ranks 16,928 of 31,720.
From the Central Coordinating Register
- Org. no.
- 931065262
- Legal form
- AS
- Sector
- Bygg og anlegg (41.000)
- Size tier
- small
- Employees
- 0–4 (not registered)
- Founded
- 1 March 2023 3 years in operation
- Share capital
- 0.13 MNOK
- Business address
- C/O Byggmester Modalen AS, Hæstadveien 5, 4770 HØVÅG (LILLESAND)
- Municipality
- Lillesand rank 4–17 of 38 in KOSTRA group 7
- 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
- Chair of the board
- Richard Vasstrøm Modalen
- Board member
- Bjørn Erik Modalen
- Auditor
- REVISJONSFIRMA ELIASSEN AS
- Accountant
- ENORA 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 | 65 | 46 | 48 | |
| Rank | 7,202 | 18,491 | 17,533 | |
| Operating margin | – | – | – | |
| Return on assets | −0.1% | −0.1% | −0.2% | |
| Equity ratio | 99.9% | 88.4% | 66.6% | |
| Current ratio | 1.32 | 0.02 | – | |
| Revenue growth | – | – | – |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | – | – | – |
| Operating profit | 0.0 MNOK | 0.0 MNOK | −0.1 MNOK |
| Profit before tax | 0.0 MNOK | 0.0 MNOK | −0.4 MNOK |
| Net profit | 0.0 MNOK | 0.0 MNOK | −0.4 MNOK |
| Financial expenses | – | – | 0.4 MNOK |
| Total assets | 27.1 MNOK | 28.5 MNOK | 34.3 MNOK |
| Current assets | 0.0 MNOK | 0.1 MNOK | 2.7 MNOK |
| Equity | 27.0 MNOK | 25.2 MNOK | 22.8 MNOK |
| Retained earnings | 26.9 MNOK | 25.1 MNOK | 22.7 MNOK |
| Total liabilities | 0.0 MNOK | 3.3 MNOK | 11.5 MNOK |
| Current liabilities | 0.0 MNOK | 3.3 MNOK | – |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 27 October 2026, accounts id 6503219.
Further
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