FLOS NORGE 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
10of 100
How to read this: the company is ahead of 5 % of small companies in the same sector in 2024. What does this mean?
Rank: 35,532 of 37,175 · Handel
Profile
Beaver · Builder
Lower profitability, lower solidity
Position against comparable companies in 2024, not a verdict on the company. Based on profitability 7 and solidity 0 out of 100 among small companies in the same sector in 2024. Methodology
Against the sector
FLOS NORGE AS is 40 points below the median for small companies in the same sector in 2024.
Median score 50 among 34,772 companies.
Against small companies in the same sector in 2024: operating margin −40.5% (median 2.2%) and equity ratio −80.0% (median 38.3%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 28 MNOK | 4 MNOK |
| Operating margin | −40.5% | 2.2% |
| Profit margin | −40.3% | 2.0% |
| Return on assets | −92.8% | 3.7% |
| Equity ratio | −80.0% | 38.3% |
| Debt-to-equity | – | 0.97 |
| Current ratio | 0.53 | 1.68 |
| Revenue growth | −12.3% | 2.2% |
| Revenue per employee | 4.64 MNOK | 1.57 MNOK |
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 10, FLOS NORGE AS does better than 5% of small companies in the same sector (34,889 companies) in 2024.
Score 2022–2024
- FLOS NORGE AS
- Median: small companies in the same sector
FLOS NORGE AS has a score of 10 for 2024, rank 35,532 of 37,175 in the sector.
Strongest: Growth: percentile 25 against peers, revenue growth −12.3% against a median of 2.2%.
Weakest: Solidity: percentile 0 against peers, equity ratio −80.0% against a median of 38.3%. Profitability: percentile 7 against peers, operating margin −40.5% against a median of 2.2%.
Worth a closer look
- Equity is negative. How will it be rebuilt, and what do lenders and the auditor say about going concern? Based on: equity ratio −80.0% (median 38.3%).
- Consider strengthening liquidity: current liabilities are 1.9 times current assets. Based on: current ratio 0.53 (median 1.68).
- The company made a loss before tax. Are these one-off items or a pattern? Based on: profit margin −40.3% (median 2.0%).
- 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
FLOS NORGE AS had an operating margin of −40.5% and an equity ratio of −80.0% in 2024, and ranks 35,532 of 37,175 in Handel.
From 2023 to 2024: the operating margin rose from −48.2% to −40.5% and the equity ratio fell from −73.7% to −80.0%.
This text is generated automatically from the 2024 accounts.
Three simple methods
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | not meaningful |
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
Equity is negative. How will it be rebuilt, and what do lenders and the auditor say about going concern?
Based on: Equity ratio −80.0% (median 38.3%).
- watch
Consider strengthening liquidity: current liabilities are 1.9 times current assets.
Based on: Current ratio 0.53 (median 1.68).
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −40.3% (median 2.0%).
- watch
The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors?
Based on: Operating margin −40.5% (median 2.2%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Data quality
- critical Negative equity
Scenario analysis: the sector's weakest year
We have no accounts for 2017, the sector's weakest year, for this company.
The sector's weakest year was 2017, with a median operating margin of −65.6%. Based on the 11 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 7 | weight 30% |
|---|---|---|
| Solidity | 0 | weight 25% |
| Liquidity | 13 | weight 15% |
| Growth | 25 | weight 15% |
| Consistency | 16 | weight 15% |
Durability: 19 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is FLOS NORGE AS?
The operating margin was −40.5% in 2024, against a median of 2.2% among small companies in the same sector. Return on assets was −92.8%. The company made a loss before tax.
How solid is FLOS NORGE AS?
The equity ratio was −80.0% in 2024 (median 38.3%). Equity is negative, so liabilities exceed assets.
What is the liquidity of FLOS NORGE AS like?
The current ratio was 0.53 in 2024 (median 1.68). Current assets did not cover current liabilities.
How does FLOS NORGE AS compare in Handel?
FLOS NORGE AS ranks 35,532 of 37,175 in Handel for 2024. Among companies of the same size (small companies) it ranks 33,157 of 34,889. Revenue changed by −12.3% 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.
- 979527217
- Legal form
- AS · part of a group
- Sector
- Handel (46.470)
- Size tier
- small
- Employees
- 6 registered 10 September 2026
- Founded
- 23 December 1997 28 years in operation
- Share capital
- 1.50 MNOK
- Business address
- Drammensveien 120, 0277 OSLO
- Municipality
- Oslo rank 63–221 of 357 in Norway
- 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
- Carlo Moro
- Chair of the board
- Pablo Miguel Illueca Bel
- Board member
- Leonardo Venturini
- Auditor
- ERNST & YOUNG AS
- Accountant
- SPAREBANK 1 ØSTFOLD AKERSHUS REGNSKAPSHUSET 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.
Figures last fetched 28 October 2026.
Year by year · 2022–2024
| Key figure | 2022 | 2023 | 2024 | Trend |
|---|---|---|---|---|
| Index | 38 | 8 | 10 | |
| Rank | 355 | 33,114 | 35,532 | |
| Operating margin | −10.0% | −48.2% | −40.5% | |
| Return on assets | −19.0% | −94.3% | −92.8% | |
| Equity ratio | 19.7% | −73.7% | −80.0% | |
| Current ratio | 0.89 | 0.45 | 0.53 | |
| Revenue growth | – | −46.8% | −12.3% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2022 | 2023 | 2024 |
|---|---|---|---|
| Operating revenue | 59.7 MNOK | 31.7 MNOK | 27.8 MNOK |
| Operating profit | −6.0 MNOK | −15.3 MNOK | −11.3 MNOK |
| Profit before tax | −6.0 MNOK | −15.3 MNOK | −11.2 MNOK |
| Net profit | −4.7 MNOK | −18.1 MNOK | −11.2 MNOK |
| Financial expenses | 0.0 MNOK | – | – |
| Total assets | 31.2 MNOK | 16.2 MNOK | 12.1 MNOK |
| Current assets | 22.4 MNOK | 12.8 MNOK | 11.6 MNOK |
| Equity | 6.2 MNOK | −12.0 MNOK | −9.7 MNOK |
| Retained earnings | 4.7 MNOK | −13.5 MNOK | −11.2 MNOK |
| Total liabilities | 25.1 MNOK | 28.2 MNOK | 21.8 MNOK |
| Current liabilities | 25.1 MNOK | 28.2 MNOK | 21.8 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 28 October 2026, accounts id 6330937.
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