Maxbo AS
Score · fiscal year 2025
17of 100
How to read this: the company is ahead of 1 % of companies in the Morning class Large in the same sector in 2025. What does this mean?
Rank in the Morning class Large: 533 of 541 · What are Morning company classes?
Place in the whole sector: 21,606 of 22,952 · Handel
Profile
Beaver · Builder
Lower profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 2 and solidity 17 out of 100 among companies in the Morning class Large in the same sector in 2025. Methodology
Against the sector
Maxbo AS is 33 points below the median for companies in the Morning class Large in the same sector in 2025.
Median score 50 among 541 companies.
Against companies in the Morning class Large in the same sector in 2025: operating margin −5.2% (median 2.5%) and equity ratio 13.6% (median 30.9%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 4,451 MNOK | 1,119 MNOK |
| Operating margin | −5.2% | 2.5% |
| Profit margin | −6.0% | 2.5% |
| Return on assets | −13.6% | 10.2% |
| Equity ratio | 13.6% | 30.9% |
| Debt-to-equity | 6.36 | 2.23 |
| Current ratio | 1.03 | 1.30 |
| Revenue growth | 3.3% | 6.9% |
| Revenue per employee | 3.75 MNOK | 12.49 MNOK |
The median and “ahead of” refer to companies in the Morning class Large in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 17, Maxbo AS does better than 1% of companies in the Morning class Large in the same sector (541 companies) in 2025.
Score 2023–2025
- Maxbo AS
- Median: companies in the Morning class Large in the same sector
Maxbo AS has a score of 17 for 2025, rank 21,606 of 22,952 in the sector.
Strongest: Growth: percentile 35 against peers, revenue growth 3.3% against a median of 6.9%.
Weakest: Profitability: percentile 2 against peers, operating margin −5.2% against a median of 2.5%. Solidity: percentile 17 against peers, equity ratio 13.6% against a median of 30.9%.
Worth a closer look
- The company made a loss before tax. Are these one-off items or a pattern? Based on: profit margin −6.0% (median 2.5%).
- The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors? Based on: operating margin −5.2% (median 2.5%).
- What lies behind weak profitability, and will it last?
- 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
Maxbo AS had an operating margin of −5.2% and an equity ratio of 13.6% in 2025, and ranks 21,606 of 22,952 in Handel.
No large changes in the key figures from 2024 to 2025.
This text is generated automatically from the 2025 accounts.
Three simple methods
One method gives a figure: 227 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | 227 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 −6.0% (median 2.5%).
- 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 −5.2% (median 2.5%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 2.7% 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.
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 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 | 2 | weight 30% |
|---|---|---|
| Solidity | 17 | weight 25% |
| Liquidity | 18 | weight 15% |
| Growth | 35 | weight 15% |
| Consistency | 27 | weight 15% |
Durability: 15 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Maxbo AS?
The operating margin was −5.2% in 2025, against a median of 2.5% among companies in the Morning class Large in the same sector. Return on assets was −13.6%. The company made a loss before tax.
How solid is Maxbo AS?
The equity ratio was 13.6% in 2025 (median 30.9%). Debt-to-equity was 6.36 (median 2.23).
What is the liquidity of Maxbo AS like?
The current ratio was 1.03 in 2025 (median 1.30).
How does Maxbo AS compare in Handel?
Maxbo AS ranks 21,606 of 22,952 in Handel for 2025. Among companies in the Morning class Large it is number 533 of 541. Revenue changed by 3.3% 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 |
|---|---|---|---|
| 6 January 2025 | Ålesund kommune | Anskaffelse - Byggevarer og festemateriell - Ålesund Øst og Vest, 2024 | 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 27 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.
- 980079872
- Legal form
- AS
- Sector
- Handel (47.520)
- Morning company class
- Large
- Employees
- 1,188 registered 10 October 2026
- Founded
- 6 July 1998 28 years in operation
- Share capital
- 50.00 MNOK
- Business address
- Drammensveien 250, 0277 OSLO
- Municipality
- Oslo rank 63–220 of 357 in Norway
- Latest accounts filed
- 2025
- LEI
- 254900XPSKOTDJ2PNY02 renews 27 May 2027
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
- Erik Muldorff Frellsen
- Chair of the board
- Carl Otto Løvenskiold
- Board member
- Arild Abildgaard Dimmen
- Auditor
- Unic Revisjon AS
Source: Central Coordinating Register, fetched 29 October 2026. Only names are shown.
- Parent company
- Parent does not consolidate the company
Source: GLEIF (Global Legal Entity Identifier Foundation), fetched 29 October 2026. The parent is the one the company itself reported to GLEIF.
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 28 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 17 | 11 | 17 | |
| Rank | 18,946 | 21,567 | 21,606 | |
| Operating margin | −4.0% | −5.9% | −5.2% | |
| Return on assets | −11.3% | −16.0% | −13.6% | |
| Equity ratio | 15.8% | 11.7% | 13.6% | |
| Current ratio | 1.14 | 1.03 | 1.03 | |
| Revenue growth | – | −9.8% | 3.3% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 4,774.9 MNOK | 4,307.5 MNOK | 4,451.3 MNOK |
| Operating profit | −192.8 MNOK | −254.6 MNOK | −233.3 MNOK |
| Profit before tax | −223.5 MNOK | −289.1 MNOK | −265.7 MNOK |
| Net profit | −175.1 MNOK | −226.3 MNOK | −206.3 MNOK |
| Financial expenses | 37.0 MNOK | 39.2 MNOK | 38.7 MNOK |
| Total assets | 1,651.9 MNOK | 1,558.1 MNOK | 1,670.4 MNOK |
| Current assets | 1,374.5 MNOK | 1,242.1 MNOK | 1,346.2 MNOK |
| Equity | 261.6 MNOK | 181.8 MNOK | 227.0 MNOK |
| Retained earnings | – | 0.1 MNOK | – |
| Total liabilities | 1,390.2 MNOK | 1,376.2 MNOK | 1,443.4 MNOK |
| Current liabilities | 1,202.2 MNOK | 1,208.4 MNOK | 1,308.9 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 28 October 2026, accounts id 7228132.
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