MODULE PIPING AS

Org. no. 921173105 · VESTNES · Founded 2018

Score · fiscal year 2024

76of 100

How to read this: the company is ahead of 93 % of small companies in the same sector in 2024. What does this mean?

Rank: 2,272 of 31,120 · Bygg og anlegg

Profile

Lion · Leader

High profitability, high solidity

Position against comparable companies in 2024, not a verdict on the company. Based on profitability 92 and solidity 56 out of 100 among small companies in the same sector in 2024. Methodology

Against the sector

MODULE PIPING AS is 26 points above the median for small companies in the same sector in 2024.

Median score 50 among 30,024 companies.

Against small companies in the same sector in 2024: operating margin 20.7% (median 3.8%) and equity ratio 47.4% (median 36.8%).

Source: Register of Company Accounts and Central Coordinating RegisterFetched 26 October 2026Report an issue
Key figures · 2024

The numbers behind the score

The numbers behind the score · 2024
MeasureCompanyMedianAhead of
Operating revenue3 MNOK3 MNOK
Operating margin 20.7% 3.8% 86 %
Profit margin 20.7% 3.4% shown, not part of the index
Return on assets 66.5% 5.8% 97 %
Equity ratio 47.4% 36.8% 60 %
Debt-to-equity 1.11 1.19 52 %
Current ratio 1.91 1.45 65 %
Revenue growth 49.8% 1.8% 84 %

The median and “ahead of” refer to small companies in the same sector in 2024. The bar shows the share of companies the figure is ahead of.

With an index of 76, MODULE PIPING AS does better than 93% of small companies in the same sector (30,095 companies) in 2024.

Over time

Score 2023–2025

CompanyMedian0255075100202320242025
  • MODULE PIPING AS
  • Median: small companies in the same sector
Analysis · 2024

What the numbers say

MODULE PIPING AS had an operating margin of 20.7% and an equity ratio of 47.4% in 2024, and ranks 2,272 of 31,120 in Bygg og anlegg.

From 2023 to 2024: the operating margin rose from 6.1% to 20.7% and revenue grew by 50%.

This text is generated automatically from the 2024 accounts.

Estimated value · 2024

Three simple methods

The methods give between 0 MNOK and 6 MNOK.

MethodInputMultipleEstimate
P/E Net profit: 0.5 MNOK 10.0 5 MNOK
EV/EBIT Operating profit: 0.7 MNOK
minus net debt −0.7 MNOK
8.0 6 MNOK
P/B Equity: 0.5 MNOK 1.0 0 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

Indications · 2024

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 0.2% of the debt in 2024. The policy rate averaged 4.50 % the same year. This is a plain description of what the debt cost, not a model of interest sensitivity.

Data quality

No anomalies found in the figures.

Stress test · 2022

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 2.4%. Based on the 10 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology

Components · 2024

What the score is made of

Profitability92 weight 30%
Solidity56 weight 25%
Liquidity65 weight 15%
Growth84 weight 15%
Consistency80 weight 15%

Durability: 62 (average over 2 years)

Index version 2. Data completeness 100%: the share of the weights that had data.

2024

Questions and answers

How profitable is MODULE PIPING AS?

The operating margin was 20.7% in 2024, against a median of 3.8% among small companies in the same sector. Return on assets was 66.5%.

How solid is MODULE PIPING AS?

The equity ratio was 47.4% in 2024 (median 36.8%). Debt-to-equity was 1.11 (median 1.19).

What is the liquidity of MODULE PIPING AS like?

The current ratio was 1.91 in 2024 (median 1.45).

How does MODULE PIPING AS compare in Bygg og anlegg?

MODULE PIPING AS ranks 2,272 of 31,120 in Bygg og anlegg for 2024. Among companies of the same size (small companies) it ranks 2,199 of 30,095. Revenue changed by 49.8% from the year before.

From the Central Coordinating Register

Org. no.
921173105
Legal form
AS
Sector
Bygg og anlegg (43.221)
Size tier
small
Employees
0–4 (not registered)
Founded
28 June 2018 8 years in operation
Share capital
0.03 MNOK
Business address
Vikvegen 40B, 6393 TOMREFJORD (VESTNES)
Municipality
Vestnes rank 11–29 of 39 in KOSTRA group 4
Audit
Audit opted out from 17 July 2018
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
Thomas Blom Dolpen
Chair of the board
Thomas Blom Dolpen
Accountant
ROAN ØKONOMI 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.

Report an issue

Figures last fetched 26 October 2026.

Details

Year by year · 2023–2025

Key figure202320242025Trend
Index497631
Rank15,1722,27225,954
Operating margin6.1%20.7%−10.3%
Return on assets29.9%66.5%−28.6%
Equity ratio22.9%47.4%37.2%
Current ratio1.301.911.16
Revenue growth–49.8%−37.6%

Accounts

From the Brønnøysund Register Centre, in the company's reporting currency (NOK).

Key figure202320242025
Operating revenue2.2 MNOK3.4 MNOK2.1 MNOK
Operating profit0.1 MNOK0.7 MNOK−0.2 MNOK
Profit before tax0.1 MNOK0.7 MNOK−0.2 MNOK
Net profit0.1 MNOK0.5 MNOK−0.2 MNOK
Financial expenses0.0 MNOK0.0 MNOK0.0 MNOK
Total assets0.5 MNOK1.0 MNOK0.7 MNOK
Current assets0.5 MNOK1.0 MNOK0.5 MNOK
Equity0.1 MNOK0.5 MNOK0.3 MNOK
Retained earnings0.1 MNOK0.5 MNOK0.2 MNOK
Total liabilities0.4 MNOK0.5 MNOK0.5 MNOK
Current liabilities0.4 MNOK0.5 MNOK0.5 MNOK

Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 5516741.