FLOS NORGE AS
Score · fiscal year 2025
35of 100
How to read this: the company is ahead of 22 % of companies in the Morning class Small in the same sector in 2025. What does this mean?
Rank in the Morning class Small: 5,764 of 7,421 · What are Morning company classes?
Place in the whole sector: 17,697 of 23,059 · Handel
Profile
Elephant · Steward
Lower profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 3 and solidity 75 out of 100 among companies in the Morning class Small in the same sector in 2025. Methodology
Against the sector
FLOS NORGE AS is 16 points below the median for companies in the Morning class Small in the same sector in 2025.
Median score 51 among 7,421 companies.
Against companies in the Morning class Small in the same sector in 2025: operating margin −13.5% (median 3.4%) and equity ratio 59.4% (median 36.3%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 22 MNOK | 20 MNOK |
| Operating margin | −13.5% | 3.4% |
| Profit margin | −12.9% | 3.0% |
| Return on assets | −31.2% | 10.0% |
| Equity ratio | 59.4% | 36.3% |
| Debt-to-equity | 0.68 | 1.52 |
| Current ratio | 2.44 | 1.73 |
| Revenue growth | −20.1% | 5.7% |
| Revenue per employee | 3.71 MNOK | 2.08 MNOK |
The median and “ahead of” refer to companies in the Morning class Small in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 35, FLOS NORGE AS does better than 22% of companies in the Morning class Small in the same sector (7,421 companies) in 2025.
Score 2022–2025
- FLOS NORGE AS
- Median: companies in the Morning class Small in the same sector
FLOS NORGE AS has a score of 35 for 2025, rank 17,697 of 23,059 in the sector.
Strongest: Solidity: percentile 75 against peers, equity ratio 59.4% against a median of 36.3%. Liquidity: percentile 70 against peers, current ratio 2.44 against a median of 1.73.
Weakest: Profitability: percentile 3 against peers, operating margin −13.5% against a median of 3.4%. Growth: percentile 6 against peers, revenue growth −20.1% against a median of 5.7%.
Worth a closer look
- The company made a loss before tax. Are these one-off items or a pattern? Based on: profit margin −12.9% (median 3.0%).
- The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors? Based on: operating margin −13.5% (median 3.4%).
- What lies behind weak profitability, and will it last?
- What lies behind weak growth, 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
FLOS NORGE AS had an operating margin of −13.5% and an equity ratio of 59.4% in 2025, and ranks 17,697 of 23,059 in Handel.
From 2024 to 2025: the equity ratio rose from −80.0% to 59.4% and the operating margin rose from −40.5% to −13.5%.
FLOS NORGE AS did weaker than the sector in 2022, the sector's weakest year.
This text is generated automatically from the 2025 accounts.
Three simple methods
One method gives a figure: 5 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | 5 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 −12.9% (median 3.0%).
- watch
The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors?
Based on: Operating margin −13.5% (median 3.4%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
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
The operating margin was −10.0% in 2022 (sector median 1.5%), and the equity ratio 19.7%. The company had a loss before tax that year. In the other years the operating margin averaged −34.1%.
The sector's weakest year was 2022, with a median operating margin of 1.5%. 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 | 3 | weight 30% |
|---|---|---|
| Solidity | 75 | weight 25% |
| Liquidity | 70 | weight 15% |
| Growth | 6 | weight 15% |
| Consistency | 25 | weight 15% |
Durability: 15 (average over 4 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is FLOS NORGE AS?
The operating margin was −13.5% in 2025, against a median of 3.4% among companies in the Morning class Small in the same sector. Return on assets was −31.2%. The company made a loss before tax.
How solid is FLOS NORGE AS?
The equity ratio was 59.4% in 2025 (median 36.3%). Debt-to-equity was 0.68 (median 1.52).
What is the liquidity of FLOS NORGE AS like?
The current ratio was 2.44 in 2025 (median 1.73).
How does FLOS NORGE AS compare in Handel?
FLOS NORGE AS ranks 17,697 of 23,059 in Handel for 2025. Among companies in the Morning class Small it is number 5,764 of 7,421. Revenue changed by −20.1% from the year before.
Group accounts
The company is registered as part of a group, but we have no group accounts for it. Group accounts are filed by the parent company, and open data does not say which company that is.
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.
We do not show the group structure, because open data does not say who owns whom.
From the Central Coordinating Register
- Org. no.
- 979527217
- Legal form
- AS · part of a group
- Sector
- Handel (46.470)
- Morning company class
- Small
- Employees
- 6 registered 10 September 2026
- Founded
- 23 December 1997 28 years in operation
- Share capital
- 1.50 MNOK
- Business address
- Drammensveien 120, 0277 OSLO
- Municipality
- Oslo rank 63–220 of 357 in Norway
- 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
- Chief executive
- Carlo Moro
- Chair of the board
- Pablo Miguel Illueca Bel
- Board member
- Leonardo Venturini
- Auditor
- ERNST & YOUNG AS
- Accountant
- SPAREBANK 1 ØSTFOLD AKERSHUS REGNSKAPSHUSET 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 31 October 2026.
Year by year · 2022–2025
| Key figure | 2022 | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|---|
| Index | 23 | 1 | 3 | 35 | |
| Rank | 240 | 21,163 | 22,264 | 17,697 | |
| Operating margin | −10.0% | −48.2% | −40.5% | −13.5% | |
| Return on assets | −19.0% | −94.3% | −92.8% | −31.2% | |
| Equity ratio | 19.7% | −73.7% | −80.0% | 59.4% | |
| Current ratio | 0.89 | 0.45 | 0.53 | 2.44 | |
| Revenue growth | – | −46.8% | −12.3% | −20.1% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Operating revenue | 59.7 MNOK | 31.7 MNOK | 27.8 MNOK | 22.2 MNOK |
| Operating profit | −6.0 MNOK | −15.3 MNOK | −11.3 MNOK | −3.0 MNOK |
| Profit before tax | −6.0 MNOK | −15.3 MNOK | −11.2 MNOK | −2.9 MNOK |
| Net profit | −4.7 MNOK | −18.1 MNOK | −11.2 MNOK | −2.9 MNOK |
| Financial expenses | 0.0 MNOK | – | – | – |
| Total assets | 31.2 MNOK | 16.2 MNOK | 12.1 MNOK | 9.2 MNOK |
| Current assets | 22.4 MNOK | 12.8 MNOK | 11.6 MNOK | 9.1 MNOK |
| Equity | 6.2 MNOK | −12.0 MNOK | −9.7 MNOK | 5.5 MNOK |
| Retained earnings | 4.7 MNOK | −13.5 MNOK | −11.2 MNOK | −14.0 MNOK |
| Total liabilities | 25.1 MNOK | 28.2 MNOK | 21.8 MNOK | 3.7 MNOK |
| Current liabilities | 25.1 MNOK | 28.2 MNOK | 21.8 MNOK | 3.7 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 31 October 2026, accounts id 7243762.
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