Flexel AS
Score · fiscal year 2024
Not enough data: Not enough data (below minimum revenue)
Based on the annual accounts for 2024
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 1 MNOK | 4 MNOK |
| Operating margin | 22.7% | 2.3% |
| Profit margin | 22.8% | 1.8% |
| Return on assets | 60.4% | 5.5% |
| Equity ratio | 42.2% | 34.8% |
| Debt-to-equity | 1.37 | 1.23 |
| Current ratio | 1.85 | 1.76 |
| Revenue growth | −63.0% | 2.8% |
The median and “ahead of” refer to companies in the same sector in 2024. The bar shows the share of companies the figure is ahead of.
Score 2023–2025
- Flexel AS
- Median: companies in the same sector
What the numbers say
Flexel AS had an equity ratio of 42.2% in 2024. The company is not ranked: not enough data (below minimum revenue).
From 2023 to 2024: the operating margin rose from −3.7% to 22.7% and went from a loss to a profit before tax.
This text is generated automatically from the 2024 accounts.
Three simple methods
The methods give between 0 MNOK and 2 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 2 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 0.1% 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.
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 2022, the sector's weakest year, for this company.
The sector's weakest year was 2022, with a median operating margin of 1.5%. Based on the 11 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
Questions and answers
How profitable is Flexel AS?
The operating margin was 22.7% in 2024, against a median of 2.3% among companies in the same sector. Return on assets was 60.4%.
How solid is Flexel AS?
The equity ratio was 42.2% in 2024 (median 34.8%). Debt-to-equity was 1.37 (median 1.23).
What is the liquidity of Flexel AS like?
The current ratio was 1.85 in 2024 (median 1.76).
From the Central Coordinating Register
- Org. no.
- 924548770
- Legal form
- AS
- Sector
- Handel (46.640)
- Morning company class
- Micro
- Employees
- 0–4 (not registered)
- Founded
- 24 January 2020 6 years in operation
- Share capital
- 0.03 MNOK
- Business address
- Kildalveien 224, 9154 STORSLETT (NORDREISA)
- Municipality
- Nordreisa rank 7–18 of 33 in KOSTRA group 5
- Audit
- Audit opted out from 26 October 2023
- Latest accounts filed
- 2025
- Website
- www.flexel.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.
Owners and shareholdings will appear here once the shareholder data extract is in place.
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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 | 16 | – | 63 | |
| Rank | 19,159 | – | 5,973 | |
| Operating margin | −3.7% | 22.7% | 18.5% | |
| Return on assets | −17.8% | 60.4% | 32.1% | |
| Equity ratio | 3.8% | 42.2% | 35.8% | |
| Current ratio | 0.62 | 1.85 | 0.88 | |
| Revenue growth | – | −63.0% | 136.3% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 2.1 MNOK | 0.8 MNOK | 1.8 MNOK |
| Operating profit | −0.1 MNOK | 0.2 MNOK | 0.3 MNOK |
| Profit before tax | −0.1 MNOK | 0.2 MNOK | 0.3 MNOK |
| Net profit | −0.1 MNOK | 0.2 MNOK | 0.3 MNOK |
| Financial expenses | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Total assets | 0.4 MNOK | 0.3 MNOK | 1.1 MNOK |
| Current assets | 0.3 MNOK | 0.1 MNOK | 0.2 MNOK |
| Equity | 0.0 MNOK | 0.1 MNOK | 0.4 MNOK |
| Retained earnings | 0.0 MNOK | 0.1 MNOK | 0.4 MNOK |
| Total liabilities | 0.4 MNOK | 0.2 MNOK | 0.7 MNOK |
| Current liabilities | 0.4 MNOK | 0.1 MNOK | 0.2 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 5716473.