Flexit AS
Score · fiscal year 2025
52of 100
How to read this: the company is ahead of 55 % of companies in the Morning class Large in the same sector in 2025. What does this mean?
Rank in the Morning class Large: 131 of 290 · What are Morning company classes?
Place in the whole sector: 940 of 2,001 · Industri
Profile
Elephant · Steward
Lower profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 44 and solidity 82 out of 100 among companies in the Morning class Large in the same sector in 2025. Methodology
Against the sector
Flexit AS is 3 points above the median for companies in the Morning class Large in the same sector in 2025.
Median score 49 among 290 companies.
Against companies in the Morning class Large in the same sector in 2025: operating margin 7.2% (median 6.3%) and equity ratio 56.7% (median 32.8%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 655 MNOK | 1,201 MNOK |
| Operating margin | 7.2% | 6.3% |
| Profit margin | 6.9% | 6.6% |
| Return on assets | 7.5% | 11.7% |
| Equity ratio | 56.7% | 32.8% |
| Debt-to-equity | 0.76 | 2.03 |
| Current ratio | 0.91 | 1.28 |
| Revenue growth | 5.6% | 7.1% |
| Revenue per employee | 4.55 MNOK | 5.72 MNOK |
The median and “ahead of” refer to companies in the Morning class Large in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 52, Flexit AS does better than 55% of companies in the Morning class Large in the same sector (290 companies) in 2025.
Score 2023–2025
- Flexit AS
- Median: companies in the Morning class Large in the same sector
Flexit AS has a score of 52 for 2025, rank 940 of 2,001 in the sector.
Strongest: Solidity: percentile 82 against peers, equity ratio 56.7% against a median of 32.8%. Consistency: percentile 60 against peers.
Weakest: Liquidity: percentile 16 against peers, current ratio 0.91 against a median of 1.28.
Worth a closer look
- Consider strengthening liquidity: current liabilities are 1.1 times current assets. Based on: current ratio 0.91 (median 1.28).
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
Flexit AS had an operating margin of 7.2% and an equity ratio of 56.7% in 2025, and ranks 940 of 2,001 in Industri.
No large changes in the key figures from 2024 to 2025.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 319 MNOK and 441 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 319 MNOK |
| EV/EBIT | 8.0 | 441 MNOK |
| P/B | 1.0 | 390 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
- watch
Consider strengthening liquidity: current liabilities are 1.1 times current assets.
Based on: Current ratio 0.91 (median 1.28).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 2.2% of the debt in 2025. The policy rate averaged 4.30 % 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 −3.3%. 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 | 44 | weight 30% |
|---|---|---|
| Solidity | 82 | weight 25% |
| Liquidity | 16 | weight 15% |
| Growth | 44 | weight 15% |
| Consistency | 60 | weight 15% |
Durability: 55 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Flexit AS?
The operating margin was 7.2% in 2025, against a median of 6.3% among companies in the Morning class Large in the same sector. Return on assets was 7.5%.
How solid is Flexit AS?
The equity ratio was 56.7% in 2025 (median 32.8%). Debt-to-equity was 0.76 (median 2.03).
What is the liquidity of Flexit AS like?
The current ratio was 0.91 in 2025 (median 1.28). Current assets did not cover current liabilities.
How does Flexit AS compare in Industri?
Flexit AS ranks 940 of 2,001 in Industri for 2025. Among companies in the Morning class Large it is number 131 of 290. Revenue changed by 5.6% from the year before.
Group accounts
The company is registered as part of a group, but we have no group accounts for it. Group accounts are filed by the parent company, and open data does not say which company that is.
Read the figures with care: a company in a group can look strong because of group contributions, or weak because dividends go up to the parent. The figures are indications, not the full picture.
We do not show the group structure, because open data does not say who owns whom.
From the Central Coordinating Register
- Org. no.
- 926398806
- Legal form
- AS · part of a group
- Sector
- Industri (27.510)
- Morning company class
- Large
- Employees
- 144 registered 10 October 2026
- Founded
- 4 October 1975 51 years in operation
- Share capital
- 25.50 MNOK
- Business address
- Moseveien 8, 1870 ØRJE (MARKER)
- Municipality
- Marker rank 22–34 of 40 in KOSTRA group 1
- Latest accounts filed
- 2025
- LEI
- 54930026G6LRL99Q6I60 renews 7 July 2027
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
- Knut Skogstad
- Chair of the board
- Johan Marcus Martinsen
- Board member
- Sara Pernille Lovisa Martinsen Westlie
- Board member
- Rune Aukland
- Board member
- Rannveig Fløvik Nygård
- Board member
- Ane Berg Martinsen
- Auditor
- Re-Visjon AS
Source: Central Coordinating Register, fetched 31 October 2026. Only names are shown.
- Parent company
- Parent not reported
Source: GLEIF (Global Legal Entity Identifier Foundation), fetched 30 October 2026. The parent is the one the company itself reported to GLEIF.
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 31 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 63 | 50 | 52 | |
| Rank | 594 | 1,035 | 940 | |
| Operating margin | 3.3% | 5.3% | 7.2% | |
| Return on assets | 3.6% | 5.9% | 7.5% | |
| Equity ratio | 60.5% | 60.7% | 56.7% | |
| Current ratio | 1.46 | 0.95 | 0.91 | |
| Revenue growth | – | −2.3% | 5.6% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 634.2 MNOK | 619.7 MNOK | 654.7 MNOK |
| Operating profit | 21.2 MNOK | 32.7 MNOK | 47.0 MNOK |
| Profit before tax | 18.6 MNOK | 32.5 MNOK | 45.0 MNOK |
| Net profit | 11.4 MNOK | 22.2 MNOK | 31.9 MNOK |
| Financial expenses | 6.0 MNOK | 5.7 MNOK | 6.6 MNOK |
| Total assets | 690.6 MNOK | 644.0 MNOK | 687.4 MNOK |
| Current assets | 217.0 MNOK | 193.6 MNOK | 225.7 MNOK |
| Equity | 417.5 MNOK | 391.0 MNOK | 390.0 MNOK |
| Retained earnings | 392.0 MNOK | 365.5 MNOK | 364.5 MNOK |
| Total liabilities | 273.1 MNOK | 253.0 MNOK | 297.4 MNOK |
| Current liabilities | 148.5 MNOK | 202.9 MNOK | 248.4 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 31 October 2026, accounts id 6797802.
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