MAXBO AS
Score · fiscal year 2023
17of 100
How to read this: the company is ahead of 3 % of large companies in the same sector in 2023. What does this mean?
Rank: 30,810 of 34,736 · Handel
Profile
Beaver · Builder
Lower profitability, lower solidity
Position against comparable companies in 2023, not a verdict on the company. Based on profitability 2 and solidity 21 out of 100 among large companies in the same sector in 2023. Methodology
Against the sector
MAXBO AS is 30 points below the median for large companies in the same sector in 2023.
Median score 47 among 301 companies.
Against large companies in the same sector in 2023: operating margin −4.0% (median 2.0%) and equity ratio 15.8% (median 31.0%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 4,775 MNOK | 2,149 MNOK |
| Operating margin | −4.0% | 2.0% |
| Profit margin | −4.7% | 2.0% |
| Return on assets | −11.3% | 8.5% |
| Equity ratio | 15.8% | 31.0% |
| Debt-to-equity | 5.31 | 2.15 |
| Current ratio | 1.14 | 1.24 |
| Revenue growth | – | 2.3% |
| Revenue per employee | 4.02 MNOK | 13.74 MNOK |
The median and “ahead of” refer to large companies in the same sector in 2023. The bar shows the share of companies the figure is ahead of.
With an index of 17, MAXBO AS does better than 3% of large companies in the same sector (301 companies) in 2023.
Score 2023–2025
- MAXBO AS
- Median: large companies in the same sector
What the numbers say
MAXBO AS had an operating margin of −4.0% and an equity ratio of 15.8% in 2023, and ranks 30,810 of 34,736 in Handel.
This text is generated automatically from the 2023 accounts.
Three simple methods
One method gives a figure: 262 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | 262 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
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −4.7% (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 −4.0% (median 2.0%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 2.7% of the debt in 2023. The policy rate averaged 3.54 % 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
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 | 2 | weight 30% |
|---|---|---|
| Solidity | 21 | weight 25% |
| Liquidity | 41 | weight 15% |
| Growth | – | no data, left out |
| Consistency | – | no data, left out |
Index version 2. Data completeness 70%: the share of the weights that had data.
Questions and answers
How profitable is MAXBO AS?
The operating margin was −4.0% in 2023, against a median of 2.0% among large companies in the same sector. Return on assets was −11.3%. The company made a loss before tax.
How solid is MAXBO AS?
The equity ratio was 15.8% in 2023 (median 31.0%). Debt-to-equity was 5.31 (median 2.15).
What is the liquidity of MAXBO AS like?
The current ratio was 1.14 in 2023 (median 1.24).
How does MAXBO AS compare in Handel?
MAXBO AS ranks 30,810 of 34,736 in Handel for 2023. Among companies of the same size (large companies) it ranks 291 of 301.
Public contracts
- Contracts awarded since 2024
- 1
- Total awarded value since 2024
- value not stated
- Framework agreements
- 1
- Left out of the total: the value is a ceiling, not actual spend.
| Date | Buyer | Notice | Value |
|---|---|---|---|
| 6 January 2025 | Ålesund kommune | Anskaffelse - Byggevarer og festemateriell - Ålesund Øst og Vest, 2024 | value not stated |
Based on notices in Doffin. Does not show call-offs under framework agreements or purchases below the publication threshold. Values are as stated by the buyer.
Source: Doffin (DFØ), fetched 27 October 2026. Winners are matched on organisation number.
Contains data under the Norwegian licence for public data (NLOD 2.0) made available by Doffin/the Norwegian Agency for Public and Financial Management (DFØ). NLOD 2.0
From the Central Coordinating Register
- Org. no.
- 980079872
- Legal form
- AS
- Sector
- Handel (47.520)
- Size tier
- large
- Employees
- 1,188 registered 10 October 2026
- Founded
- 6 July 1998 28 years in operation
- Share capital
- 50.00 MNOK
- Business address
- Drammensveien 250, 0277 OSLO
- Municipality
- Oslo rank 63–221 of 357 in Norway
- Latest accounts filed
- 2025
- LEI
- 254900XPSKOTDJ2PNY02 renews 27 May 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
- Erik Muldorff Frellsen
- Chair of the board
- Carl Otto Løvenskiold
- Board member
- Arild Abildgaard Dimmen
- Auditor
- UNIC REVISJON AS
Source: Central Coordinating Register, fetched 29 October 2026. Only names are shown.
- Parent company
- Parent does not consolidate the company
Source: GLEIF (Global Legal Entity Identifier Foundation), fetched 29 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 28 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 17 | 12 | 17 | |
| Rank | 30,810 | 35,160 | 35,354 | |
| Operating margin | −4.0% | −5.9% | −5.2% | |
| Return on assets | −11.3% | −16.0% | −13.6% | |
| Equity ratio | 15.8% | 11.7% | 13.6% | |
| Current ratio | 1.14 | 1.03 | 1.03 | |
| Revenue growth | – | −9.8% | 3.3% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 4,774.9 MNOK | 4,307.5 MNOK | 4,451.3 MNOK |
| Operating profit | −192.8 MNOK | −254.6 MNOK | −233.3 MNOK |
| Profit before tax | −223.5 MNOK | −289.1 MNOK | −265.7 MNOK |
| Net profit | −175.1 MNOK | −226.3 MNOK | −206.3 MNOK |
| Financial expenses | 37.0 MNOK | 39.2 MNOK | 38.7 MNOK |
| Total assets | 1,651.9 MNOK | 1,558.1 MNOK | 1,670.4 MNOK |
| Current assets | 1,374.5 MNOK | 1,242.1 MNOK | 1,346.2 MNOK |
| Equity | 261.6 MNOK | 181.8 MNOK | 227.0 MNOK |
| Retained earnings | – | 0.1 MNOK | – |
| Total liabilities | 1,390.2 MNOK | 1,376.2 MNOK | 1,443.4 MNOK |
| Current liabilities | 1,202.2 MNOK | 1,208.4 MNOK | 1,308.9 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 28 October 2026, accounts id 5402355.
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