Flexcom AS
Score · fiscal year 2023
45of 100
How to read this: the company is ahead of 40 % of companies in the Morning class Small in the same sector in 2023. What does this mean?
Rank in the Morning class Small: 3,053 of 5,100 · What are Morning company classes?
Place in the whole sector: 10,725 of 18,324 · Bygg og anlegg
Profile
Cheetah · Sprinter
High profitability, lower solidity
Position against comparable companies in 2023, not a verdict on the company. Based on profitability 67 and solidity 29 out of 100 among companies in the Morning class Small in the same sector in 2023. Methodology
Against the sector
Flexcom AS is 6 points below the median for companies in the Morning class Small in the same sector in 2023.
Median score 51 among 5,100 companies.
Against companies in the Morning class Small in the same sector in 2023: operating margin 9.3% (median 5.1%) and equity ratio 21.9% (median 34.1%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 34 MNOK | 19 MNOK |
| Operating margin | 9.3% | 5.1% |
| Profit margin | 7.7% | 4.7% |
| Return on assets | 15.6% | 11.6% |
| Equity ratio | 21.9% | 34.1% |
| Debt-to-equity | 3.56 | 1.80 |
| Current ratio | 1.27 | 1.46 |
| Revenue growth | – | 3.3% |
| Revenue per employee | 1.04 MNOK | 1.66 MNOK |
The median and “ahead of” refer to companies in the Morning class Small in the same sector in 2023. The bar shows the share of companies the figure is ahead of.
With an index of 45, Flexcom AS does better than 40% of companies in the Morning class Small in the same sector (5,100 companies) in 2023.
Score 2023–2025
- Flexcom AS
- Median: companies in the Morning class Small in the same sector
What the numbers say
Flexcom AS had an operating margin of 9.3% and an equity ratio of 21.9% in 2023, and ranks 10,725 of 18,324 in Bygg og anlegg.
This text is generated automatically from the 2023 accounts.
Three simple methods
The methods give between 4 MNOK and 25 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 20 MNOK |
| EV/EBIT | 8.0 | 25 MNOK |
| P/B | 1.0 | 4 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
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 3.5% of the debt in 2023. The policy rate averaged 3.54 % 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 2021, the sector's weakest year, for this company.
The sector's weakest year was 2021, with a median operating margin of 1.8%. 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 | 67 | weight 30% |
|---|---|---|
| Solidity | 29 | weight 25% |
| Liquidity | 35 | weight 15% |
| Growth | – | no data, left out |
| Consistency | 39 | weight 15% |
Index version 2. Data completeness 85%: the share of the weights that had data.
Questions and answers
How profitable is Flexcom AS?
The operating margin was 9.3% in 2023, against a median of 5.1% among companies in the Morning class Small in the same sector. Return on assets was 15.6%.
How solid is Flexcom AS?
The equity ratio was 21.9% in 2023 (median 34.1%). Debt-to-equity was 3.56 (median 1.80).
What is the liquidity of Flexcom AS like?
The current ratio was 1.27 in 2023 (median 1.46).
How does Flexcom AS compare in Bygg og anlegg?
Flexcom AS ranks 10,725 of 18,324 in Bygg og anlegg for 2023. Among companies in the Morning class Small it is number 3,053 of 5,100.
From the Central Coordinating Register
- Org. no.
- 998617901
- Legal form
- AS
- Sector
- Bygg og anlegg (43.210)
- Morning company class
- Small
- Employees
- 33 registered 10 October 2026
- Founded
- 9 July 2012 14 years in operation
- Share capital
- 0.10 MNOK
- Business address
- Industriveien 16, 1481 HAGAN (NITTEDAL)
- Municipality
- Nittedal rank 3–13 of 27 in KOSTRA group 9
- Latest accounts filed
- 2025
- Website
- www.flexcom.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
Loading roles …
Source: Central Coordinating Register, fetched 29 October 2026. Only names are shown.
Shareholders (2025)
- Number of shareholders
- 3 (one owner holds more than half)
- Largest owner
- 70.0%
- Split
- companies 70% · private persons 30% · foreign 0%
- Owned from the same municipality
- 0%
- Group chain
-
Owned by: Kvernstad Holding AS (70%)
Ultimate owner: private person
- Kvernstad Holding AS · 70.0%
- 2 private persons · 30.0%
The company is new in the shareholder register in 2025.
Holds shares in: Flexcom Anlegg AS (25%)
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.
Figures last fetched 29 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 45 | 60 | 55 | |
| Rank | 10,725 | 6,105 | 8,409 | |
| Operating margin | 9.3% | 12.2% | 6.7% | |
| Return on assets | 15.6% | 20.3% | 11.7% | |
| Equity ratio | 21.9% | 28.5% | 33.4% | |
| Current ratio | 1.27 | 1.42 | 1.53 | |
| Revenue growth | – | 20.8% | 6.2% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 34.2 MNOK | 41.3 MNOK | 43.9 MNOK |
| Operating profit | 3.2 MNOK | 5.0 MNOK | 2.9 MNOK |
| Profit before tax | 2.6 MNOK | 4.6 MNOK | 2.4 MNOK |
| Tax expense | 0.6 MNOK | 1.0 MNOK | 0.5 MNOK |
| Net profit | 2.0 MNOK | 3.6 MNOK | 1.9 MNOK |
| Financial expenses | 0.6 MNOK | 0.5 MNOK | 0.5 MNOK |
| Total assets | 20.5 MNOK | 24.9 MNOK | 25.3 MNOK |
| Current assets | 18.4 MNOK | 21.3 MNOK | 21.0 MNOK |
| Equity | 4.5 MNOK | 7.1 MNOK | 8.5 MNOK |
| Retained earnings | 4.4 MNOK | 7.0 MNOK | 8.4 MNOK |
| Total liabilities | 16.0 MNOK | 17.8 MNOK | 16.9 MNOK |
| Current liabilities | 14.5 MNOK | 15.1 MNOK | 13.7 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 29 October 2026, accounts id 5218965.
Further
Similar companies
- Haneseth VVS Narvik AS index 45, rank 10,716 · compare
- ANDERSSON & Kjærnsmo AS index 45, rank 10,717 · compare
- S & S VVS AS index 45, rank 10,718 · compare
- Innlandet Ventilasjon AS index 45, rank 10,720 · compare
- Bærum Blikk og Ventilasjon AS index 45, rank 10,729 · compare