THEALEX AS
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 2024
54of 100
How to read this: the company is ahead of 58 % of small companies in the same sector in 2024. What does this mean?
Rank: 13,111 of 31,120 · Bygg og anlegg
Profile
Cheetah · Sprinter
High profitability, lower solidity
Position against comparable companies in 2024, not a verdict on the company. Based on profitability 75 and solidity 20 out of 100 among small companies in the same sector in 2024. Methodology
Against the sector
THEALEX AS is 4 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 11.7% (median 3.8%) and equity ratio 12.9% (median 36.8%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 1 MNOK | 3 MNOK |
| Operating margin | 11.7% | 3.8% |
| Profit margin | 8.4% | 3.4% |
| Return on assets | 20.3% | 5.8% |
| Equity ratio | 12.9% | 36.8% |
| Debt-to-equity | 6.73 | 1.19 |
| Current ratio | 2.10 | 1.45 |
| Revenue growth | 0.5% | 1.8% |
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 54, THEALEX AS does better than 58% of small companies in the same sector (30,095 companies) in 2024.
Score 2022–2024
- THEALEX AS
- Median: small companies in the same sector
THEALEX AS has a score of 54 for 2024, rank 13,111 of 31,120 in the sector.
Strongest: Profitability: percentile 75 against peers, operating margin 11.7% against a median of 3.8%. Liquidity: percentile 69 against peers, current ratio 2.10 against a median of 1.45.
Weakest: Solidity: percentile 20 against peers, equity ratio 12.9% against a median of 36.8%.
Worth a closer look
- 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
THEALEX AS had an operating margin of 11.7% and an equity ratio of 12.9% in 2024, and ranks 13,111 of 31,120 in Bygg og anlegg.
From 2023 to 2024: the equity ratio rose from 1.5% to 12.9% and the operating margin rose from 8.5% to 11.7%.
THEALEX AS did weaker than the sector in 2022, the sector's weakest year.
This text is generated automatically from the 2024 accounts.
Three simple methods
The methods give between 0 MNOK and 1 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 1 MNOK |
| EV/EBIT | 8.0 | 1 MNOK |
| P/B | 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
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 6.7% 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.
Scenario analysis: the sector's weakest year
The operating margin was 1.9% in 2022 (sector median 2.4%), and the equity ratio −5.3%. The company had a loss before tax that year. In the other years the operating margin averaged 10.1%.
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
What the score is made of
| Profitability | 75 | weight 30% |
|---|---|---|
| Solidity | 20 | weight 25% |
| Liquidity | 69 | weight 15% |
| Growth | 48 | weight 15% |
| Consistency | 61 | weight 15% |
Durability: 45 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is THEALEX AS?
The operating margin was 11.7% in 2024, against a median of 3.8% among small companies in the same sector. Return on assets was 20.3%.
How solid is THEALEX AS?
The equity ratio was 12.9% in 2024 (median 36.8%). Debt-to-equity was 6.73 (median 1.19).
What is the liquidity of THEALEX AS like?
The current ratio was 2.10 in 2024 (median 1.45).
How does THEALEX AS compare in Bygg og anlegg?
THEALEX AS ranks 13,111 of 31,120 in Bygg og anlegg for 2024. Among companies of the same size (small companies) it ranks 12,666 of 30,095. Revenue changed by 0.5% from the year before.
From the Central Coordinating Register
- Org. no.
- 922716749
- Legal form
- AS
- Sector
- Bygg og anlegg (43.320)
- Size tier
- small
- Employees
- 0–4 (not registered)
- Founded
- 10 April 2019 7 years in operation
- Share capital
- 0.03 MNOK
- Business address
- Vedderheia 77, 4642 SØGNE (KRISTIANSAND)
- Municipality
- Kristiansand rank 2–6 of 11 in KOSTRA group 12
- Audit
- Audit opted out from 8 May 2019
- 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
- Chief executive
- Olga Hermannsdottir
- Chair of the board
- Olga Hermannsdottir
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.
Figures last fetched 26 October 2026.
Year by year · 2022–2024
| Key figure | 2022 | 2023 | 2024 | Trend |
|---|---|---|---|---|
| Index | 33 | 47 | 54 | |
| Rank | 391 | 16,023 | 13,111 | |
| Operating margin | 1.9% | 8.5% | 11.7% | |
| Return on assets | 3.1% | 15.6% | 20.3% | |
| Equity ratio | −5.3% | 1.5% | 12.9% | |
| Current ratio | 1.00 | 1.43 | 2.10 | |
| Revenue growth | – | 19.4% | 0.5% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2022 | 2023 | 2024 |
|---|---|---|---|
| Operating revenue | 0.9 MNOK | 1.1 MNOK | 1.1 MNOK |
| Operating profit | 0.0 MNOK | 0.1 MNOK | 0.1 MNOK |
| Profit before tax | 0.0 MNOK | 0.1 MNOK | 0.1 MNOK |
| Net profit | 0.0 MNOK | 0.0 MNOK | 0.1 MNOK |
| Financial expenses | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Total assets | 0.5 MNOK | 0.6 MNOK | 0.6 MNOK |
| Current assets | 0.1 MNOK | 0.2 MNOK | 0.3 MNOK |
| Equity | 0.0 MNOK | 0.0 MNOK | 0.1 MNOK |
| Retained earnings | −0.1 MNOK | 0.0 MNOK | 0.1 MNOK |
| Total liabilities | 0.6 MNOK | 0.6 MNOK | 0.5 MNOK |
| Current liabilities | 0.1 MNOK | 0.2 MNOK | 0.1 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 6178599.
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