FLEX DESIGN AS
Bankruptcy registered 30 March 2026 in the Central Coordinating Register. Bankruptcies
Accounts for 2025 are missing. The deadline was 31 July 2026. The Brønnøysund Register Centre does not publish when accounts arrived, only the latest year filed.
Score · fiscal year 2022
Not enough data: Bankrupt or being wound up
Based on the annual accounts for 2022
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating margin | – | 17.6% |
| Profit margin | – | 15.5% |
| Return on assets | −6.5% | 1.2% |
| Equity ratio | 21.8% | 30.9% |
| Debt-to-equity | 3.59 | 1.23 |
| Current ratio | 0.04 | 0.81 |
| Revenue growth | – | – |
The median and “ahead of” refer to companies in the same sector in 2022. The bar shows the share of companies the figure is ahead of.
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.
What the numbers say
FLEX DESIGN AS had an equity ratio of 21.8% in 2022. The company is not ranked: bankrupt or being wound up.
This text is generated automatically from the 2022 accounts.
Three simple methods
One method gives a figure: 1 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | 1 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
- critical
Consider strengthening liquidity: current liabilities are 27.6 times current assets.
Based on: Current ratio 0.04 (median 0.81).
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin – (median 15.5%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 4.0% of the debt in 2022. The policy rate averaged 1.32 % the same year. This is a plain description of what the debt cost, not a model of interest sensitivity.
Data quality
- watch Revenue not reported
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 6.1%. Based on the 7 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
Questions and answers
How profitable is FLEX DESIGN AS?
The operating margin was – in 2022, against a median of 17.6% among companies in the same sector. Return on assets was −6.5%. The company made a loss before tax.
How solid is FLEX DESIGN AS?
The equity ratio was 21.8% in 2022 (median 30.9%). Debt-to-equity was 3.59 (median 1.23).
What is the liquidity of FLEX DESIGN AS like?
The current ratio was 0.04 in 2022 (median 0.81). Current assets did not cover current liabilities.
From the Central Coordinating Register
- Org. no.
- 919026022
- Legal form
- AS
- Sector
- Sjøfart (50.202)
- Size tier
- small
- Employees
- 0–4 (not registered)
- Founded
- 8 May 2017 9 years in operation
- Share capital
- 0.03 MNOK
- Business address
- Sunde industriområde 3, 5450 SUNDE I SUNNHORDLAND (KVINNHERAD)
- Municipality
- Kvinnherad rank 4–9 of 13 in KOSTRA group 8
- Audit
- Audit opted out from 29 November 2021
- Latest accounts filed
- 2024
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
Roles have not been fetched yet.
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 · 2022–2024
| Key figure | 2022 | 2023 | 2024 | Trend |
|---|---|---|---|---|
| Index | – | – | – | |
| Rank | – | – | – | |
| Operating margin | – | – | – | |
| Return on assets | −6.5% | −5.7% | −4.5% | |
| Equity ratio | 21.8% | 10.5% | 1.7% | |
| Current ratio | 0.04 | 0.02 | 0.01 | |
| Revenue growth | – | – | – |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2022 | 2023 | 2024 |
|---|---|---|---|
| Operating revenue | – | – | – |
| Operating profit | −0.2 MNOK | −0.2 MNOK | −0.2 MNOK |
| Profit before tax | −0.3 MNOK | −0.3 MNOK | −0.3 MNOK |
| Net profit | −0.3 MNOK | −0.3 MNOK | −0.3 MNOK |
| Financial expenses | 0.1 MNOK | 0.1 MNOK | 0.1 MNOK |
| Total assets | 3.1 MNOK | 3.4 MNOK | 3.4 MNOK |
| Current assets | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Equity | 0.7 MNOK | 0.4 MNOK | 0.1 MNOK |
| Retained earnings | – | – | 0.0 MNOK |
| Total liabilities | 2.4 MNOK | 3.0 MNOK | 3.4 MNOK |
| Current liabilities | 0.6 MNOK | 0.9 MNOK | 1.1 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 4102685.