Renflex 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
Score · fiscal year 2025
61of 100
How to read this: the company is ahead of 71 % of companies in the Morning class Micro in the same sector in 2025. What does this mean?
Rank in the Morning class Micro: 657 of 2,256 · What are Morning company classes?
Place in the whole sector: 1,152 of 4,037 · Forretningsmessig tjenesteyting
Profile
Lion · Leader
High profitability, high resilience
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 71 and resilience 58 out of 100 among companies in the Morning class Micro in the same sector in 2025. Methodology
Against the sector
Renflex AS is 11 points above the median for companies in the Morning class Micro in the same sector in 2025.
Median score 50 among 2,252 companies.
Against companies in the Morning class Micro in the same sector in 2025: operating margin 9.7% (median 3.6%) and equity ratio 43.0% (median 28.1%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 1 MNOK | 3 MNOK |
| Operating margin | 9.7% | 3.6% |
| Profit margin | 9.6% | 3.1% |
| Return on assets | 22.1% | 8.7% |
| Equity ratio | 43.0% | 28.1% |
| Debt-to-equity | 1.33 | 1.64 |
| Current ratio | 1.46 | 1.27 |
| Revenue growth | 567.2% | 8.2% |
| Revenue per employee | 0.11 MNOK | 0.44 MNOK |
The median and “ahead of” refer to companies in the Morning class Micro in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 61, Renflex AS does better than 71% of companies in the Morning class Micro in the same sector (2,256 companies) in 2025.
Score over time
Score over time needs at least two fiscal years with a score. It will appear when next year's figures are fetched or history is imported.
Renflex AS has a score of 61 for 2025, rank 1,152 of 4,037 in the sector.
Strongest: Profitability: percentile 71 against peers, operating margin 9.7% against a median of 3.6%. Solidity: percentile 61 against peers, equity ratio 43.0% against a median of 28.1%.
No area is clearly below its peers.
Worth a closer look
- The change in operating margin in 2025 was 70.3 percentage points weaker than for comparable companies: the company −70.5, the industry −0.2 points. That is the company's own, not something that hit the whole industry.
Written by fixed rules from the figures. Describes the figures, does not explain causes. Not investment or financial advice. How the summary is made
The industry or the company: what drove the result?
In 2025 the operating margin of Renflex AS fell by 70.5 percentage points. Comparable companies fell by a median 0.2 points. So the company did 70.3 points weaker than the industry, for reasons of its own.
| Year | The company | Comparable (median) | Change, company | Change, industry | The company's own |
|---|---|---|---|---|---|
| 2025 | 9.7% | 3.6% | −70.5 percentage points | −0.2 percentage points | −70.3 percentage points |
Comparable companies are those in the same industry and Morning company class. Their change shows what hit the whole industry, the sector drivers below included. The rest is the company's own: contracts, costs, one-off items or operations. The share is approximate, and we claim no cause.
The company and its sector's drivers
Prices, rate and currency that shape the sector's year, year by year beside the operating margin of Renflex AS. The figures stand side by side; we claim no cause.
Service prices: business support services (indeks (2021 = 100))
Service prices: business support services rose 3.8% in 2025; the operating margin of Renflex AS fell 70.5 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Service prices: business support services, annual average | 100.0 | 104.9 | 111.1 | 116.9 | 121.3 | 122.3 (so far) |
| Change from the year before | – | +4.9% | +5.9% | +5.2% | +3.8% | +0.8% |
| The company's operating margin | – | – | – | 80.2% | 9.7% | – |
Source: SSB (14335, CC BY 4.0). Source
Turnover index: administrative and support services (indeks (2021 = 100))
Turnover index: administrative and support services rose 5.8% in 2025; the operating margin of Renflex AS fell 70.5 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Turnover index: administrative and support services, annual average | 99.5 | 117.4 | 126.0 | 130.8 | 138.4 | 141.3 (so far) |
| Change from the year before | +5.3% | +17.9% | +7.4% | +3.8% | +5.8% | +2.1% |
| The company's operating margin | – | – | – | 80.2% | 9.7% | – |
Source: SSB (13863, CC BY 4.0). Source
Consumer price index (indeks (2025 = 100))
Consumer price index rose 3.0% in 2025; the operating margin of Renflex AS fell 70.5 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Consumer price index, annual average | 84.3 | 89.2 | 94.1 | 97.0 | 100.0 | 102.9 (so far) |
| Change from the year before | +3.5% | +5.8% | +5.5% | +3.2% | +3.0% | +2.9% |
| The company's operating margin | – | – | – | 80.2% | 9.7% | – |
Source: SSB (14710, CC BY 4.0). Source
Policy rate (prosent)
Policy rate fell 0.20 percentage points in 2025; the operating margin of Renflex AS fell 70.5 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Policy rate, annual average | 0.08 | 1.32 | 3.54 | 4.50 | 4.30 | 4.17 (so far) |
| Change from the year before | −0.28 percentage points | +1.24 percentage points | +2.22 percentage points | +0.96 percentage points | −0.20 percentage points | −0.12 percentage points |
| The company's operating margin | – | – | – | 80.2% | 9.7% | – |
Source: Norges Bank (IR, NLOD 2.0). Source
Wage index: business support services (indeks)
Wage index: business support services rose 5.7% in 2025; the operating margin of Renflex AS fell 70.5 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Wage index: business support services, annual average | 81.5 | 85.5 | 89.7 | 94.8 | 100.3 | 106.3 (so far) |
| Change from the year before | +3.5% | +4.9% | +4.9% | +5.7% | +5.7% | +6.0% |
| The company's operating margin | – | – | – | 80.2% | 9.7% | – |
Source: SSB (12314, CC BY 4.0). Source
We show the drivers and the margin side by side and claim no cause. Sensitivity per company is not computed until we have at least 10 years of accounts per company: with three years such figures are false precision.
What the numbers say
Renflex AS had an operating margin of 9.7% and an equity ratio of 43.0% in 2025, and ranks 1,152 of 4,037 in Forretningsmessig tjenesteyting.
From 2024 to 2025: revenue grew by 567% and the operating margin fell from 80.2% to 9.7%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 0 MNOK and 2 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 17.3 | 1 MNOK |
| EV/EBIT | 14.1 | 2 MNOK |
| P/B | 2.7 | 0 MNOK |
| EV/EBIT: from enterprise value to equity | NOK |
|---|---|
| Enterprise value (EV) at the listed multiple | 2 MNOK |
| Enterprise value after the size adjustment | 1 MNOK |
| Less net debt (rough figure) | 0 MNOK |
| Equity value | 2 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 −31% 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: Business & Consumer Services, Office Equipment & Services.
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
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 0.5% 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.
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 2026, the sector's weakest year, for this company.
The sector's weakest year was 2026, with a median operating margin of 0.3%. 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 | 71 | weight 40% |
|---|---|---|
| Solidity | 61 | weight 20% |
| Liquidity | 59 | weight 5% |
| Growth | 49 | weight 25% |
| Consistency | 54 | weight 10% |
Three goals: profitability 40%, growth 25%, resilience 35%. Why these weights?
Index version 3. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Renflex AS?
The operating margin was 9.7% in 2025, against a median of 3.6% among companies in the Morning class Micro in the same sector. Return on assets was 22.1%.
How solid is Renflex AS?
The equity ratio was 43.0% in 2025 (median 28.1%). Debt-to-equity was 1.33 (median 1.64).
What is the liquidity of Renflex AS like?
The current ratio was 1.46 in 2025 (median 1.27).
How does Renflex AS compare in Forretningsmessig tjenesteyting?
Renflex AS ranks 1,152 of 4,037 in Forretningsmessig tjenesteyting for 2025. Among companies in the Morning class Micro it is number 657 of 2,256. Revenue changed by 567.2% from the year before.
From the Central Coordinating Register
- Org. no.
- 934510267
- Legal form
- AS
- Sector
- Forretningsmessig tjenesteyting (81.210)
- Morning company class
- Micro
- Employees
- 12 registered 10 September 2026
- Founded
- 30 October 2024 2 years in operation
- Share capital
- 0.03 MNOK
- Business address
- Vearveien 10, 3173 VEAR (TØNSBERG)
- Municipality
- Tønsberg rank 2 of 10 in KOSTRA group 11
- Audit
- Audit opted out from 22 November 2024
- 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
Loading roles …
Source: Central Coordinating Register, fetched 1 November 2026. Only names are shown.
Shareholders (2025)
- Number of shareholders
- 1 (one owner)
- Largest owner
- 100.0%
- Split
- companies 0% · private persons 100% · foreign 0%
- Owned from the same municipality
- 100%
- Group chain
- Ultimate owner: private person
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 5 November 2026.
Year by year · 2024–2025
| Key figure | 2024 | 2025 | Trend |
|---|---|---|---|
| Index | – | 61 | |
| Rank | – | 1,152 | |
| Operating margin | 80.2% | 9.7% | |
| Return on assets | 69.2% | 22.1% | |
| Equity ratio | 65.5% | 43.0% | |
| Current ratio | 2.89 | 1.46 | |
| Revenue growth | – | 567.2% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2024 | 2025 |
|---|---|---|
| Operating revenue | 0.2 MNOK | 1.3 MNOK |
| Operating profit | 0.2 MNOK | 0.1 MNOK |
| Profit before tax | 0.2 MNOK | 0.1 MNOK |
| Tax expense | 0.0 MNOK | 0.0 MNOK |
| Net profit | 0.1 MNOK | 0.1 MNOK |
| Financial expenses | – | 0.0 MNOK |
| Total assets | 0.2 MNOK | 0.6 MNOK |
| Current assets | 0.2 MNOK | 0.5 MNOK |
| Equity | 0.1 MNOK | 0.2 MNOK |
| Retained earnings | 0.1 MNOK | 0.2 MNOK |
| Total liabilities | 0.1 MNOK | 0.3 MNOK |
| Current liabilities | 0.1 MNOK | 0.3 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 5 November 2026, accounts id 6637301.
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