MODUL-SYSTEM AS
Score · fiscal year 2025
64of 100
How to read this: the company is ahead of 78 % of small companies in the same sector in 2025. What does this mean?
Rank: 5,759 of 25,712 · Handel
Profile
Lion · Leader
High profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 75 and solidity 64 out of 100 among small companies in the same sector in 2025. Methodology
Against the sector
MODUL-SYSTEM AS is 14 points above the median for small companies in the same sector in 2025.
Median score 50 among 24,361 companies.
Against small companies in the same sector in 2025: operating margin 6.3% (median 2.0%) and equity ratio 58.0% (median 31.3%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 87 MNOK | 2 MNOK |
| Operating margin | 6.3% | 2.0% |
| Profit margin | 3.6% | 1.7% |
| Return on assets | 22.4% | 2.3% |
| Equity ratio | 58.0% | 31.3% |
| Debt-to-equity | 0.72 | 1.13 |
| Current ratio | 2.31 | 1.54 |
| Revenue growth | −21.2% | 4.4% |
| Revenue per employee | 4.56 MNOK | 1.50 MNOK |
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 64, MODUL-SYSTEM AS does better than 78% of small companies in the same sector (24,741 companies) in 2025.
Score 2023–2025
- MODUL-SYSTEM AS
- Median: small companies in the same sector
What the numbers say
MODUL-SYSTEM AS had an operating margin of 6.3% and an equity ratio of 58.0% in 2025, and ranks 5,759 of 25,712 in Handel.
From 2024 to 2025: revenue fell by 21%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 16 MNOK and 55 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 24 MNOK |
| EV/EBIT | 8.0 | 55 MNOK |
| P/B | 1.0 | 16 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.
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 0.8%. 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 | 75 | weight 30% |
|---|---|---|
| Solidity | 64 | weight 25% |
| Liquidity | 65 | weight 15% |
| Growth | 19 | weight 15% |
| Consistency | 86 | weight 15% |
Durability: 71 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is MODUL-SYSTEM AS?
The operating margin was 6.3% in 2025, against a median of 2.0% among small companies in the same sector. Return on assets was 22.4%.
How solid is MODUL-SYSTEM AS?
The equity ratio was 58.0% in 2025 (median 31.3%). Debt-to-equity was 0.72 (median 1.13).
What is the liquidity of MODUL-SYSTEM AS like?
The current ratio was 2.31 in 2025 (median 1.54).
How does MODUL-SYSTEM AS compare in Handel?
MODUL-SYSTEM AS ranks 5,759 of 25,712 in Handel for 2025. Among companies of the same size (small companies) it ranks 5,493 of 24,741. Revenue changed by −21.2% 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 |
|---|---|---|---|
| 22 December 2025 | LNETT AS | Innredning og påbygging til nyttekjøretøy | 8.2 MNOK (framework) |
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.
- 911743787
- Legal form
- AS
- Sector
- Handel (46.720)
- Size tier
- small
- Employees
- 19 registered 10 October 2026
- Founded
- 14 March 2013 13 years in operation
- Share capital
- 0.10 MNOK
- Business address
- Teglverksveien 11A, 3413 LIER
- Municipality
- Lier rank 10 of 27 in KOSTRA group 9
- 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
- Karl Henrik Erkki Persson
- Chair of the board
- Uno Richard David Mickelson
- Board member
- Stefan Lennart Lundgren
- Auditor
- ERNST & YOUNG AS
- Accountant
- ECIT SERVICES 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 26 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 67 | 80 | 64 | |
| Rank | 4,473 | 879 | 5,759 | |
| Operating margin | 7.0% | 6.4% | 6.3% | |
| Return on assets | 19.8% | 25.6% | 22.4% | |
| Equity ratio | 45.1% | 56.5% | 58.0% | |
| Current ratio | 2.37 | 2.19 | 2.31 | |
| Revenue growth | – | 37.6% | −21.2% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 79.9 MNOK | 110.0 MNOK | 86.7 MNOK |
| Operating profit | 5.6 MNOK | 7.1 MNOK | 5.5 MNOK |
| Profit before tax | 3.4 MNOK | 4.3 MNOK | 3.2 MNOK |
| Net profit | 2.7 MNOK | 3.4 MNOK | 2.4 MNOK |
| Financial expenses | 2.2 MNOK | 3.1 MNOK | 2.8 MNOK |
| Total assets | 28.4 MNOK | 28.6 MNOK | 26.8 MNOK |
| Current assets | 26.8 MNOK | 27.2 MNOK | 26.0 MNOK |
| Equity | 12.8 MNOK | 16.1 MNOK | 15.5 MNOK |
| Retained earnings | 12.7 MNOK | 16.0 MNOK | 15.4 MNOK |
| Total liabilities | 15.6 MNOK | 12.4 MNOK | 11.3 MNOK |
| Current liabilities | 11.3 MNOK | 12.4 MNOK | 11.3 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 7146049.
Further
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