Flextools AS
ASDissolvedOrg 915499511Strandveien 17, 1366 LysakerComputer consultancy and computer facilities management activities· NACE 6220Est. 2015 · 11 years old9 employeeshttps://www.enfo.no
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Overview
Flextools AS is a Norwegian AS based in Lysaker, operating in the Computer consultancy and computer facilities management activities sector. Incorporated in 2015, the company has 9 employees and reported revenue of NOK 15.9m in its latest annual filing.
Revenue 2024
15.9M NOK
−5% vs 2023
EBITDA margin
−111.4 %
−57% vs 2023
Net profit 2024
-26.7M NOK
-112% vs 2023
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
60.6 %
AverageAround the average of companies in the same industry
20202024
Liquidity ratioCurrent assets ÷ Short-term debt
1.5×
AverageAround the average of companies in the same industry
20202024
Return on assets (ROA)Net profit ÷ Total assets × 100
-159.3 %
Very weakAmong the 10% lowest rated companies in the industry
20202024
EBITDA — year on year
NOK millionsKey figures
Annual report 2024| Revenue | 15.9M NOK | -5% |
| EBITDA | -17.7M NOK | -57% |
| Net profit | -26.7M NOK | -112% |
| Total assets | 16.8M NOK | -71% |
| Equity | 10.2M NOK | -10% |
| Employees | 9 | — |
Company information
Legal name
FLEXTOOLS AS
Org number
915499511
Legal form
Aksjeselskap
Founded
10 April 2015 · 11 years
Share capital
NOK 4,526,192
Employees
9 (FTE)
VAT registered
No
Audit selected
No
Last report
2024-12-31
Financial year
January – December
Signatory rights
Styreleder og ett styremedlem eller daglig leder og styreleder eller daglig leder og to styremedlemmer eller alle i fellesskap
Company purpose
Å markedsføre og selge produkter, software og integrerte løsninger for bedret og fleksibel energiutnyttelse i samfunnet, samt å delta i selskaper med tilsvarende virksomhet gjennom direkte eierandeler, lån og garantistillelse eller på annen måte.
(no translation available)
Contact
Address
Strandveien 17, 1366 Lysaker
Website
https://www.enfo.no
Risika for professionals
Risika provides regulated workflow tools for finance, procurement and compliance teams that need monitoring, alerts and an API.
Financial development
In its most recent annual report (2024), Flextools AS reported revenue of NOK 15.9m, a decrease of 5% on the year before. The figures on this page draw on 5 annual filings covering 2020 to 2024. The bottom line showed a net loss of NOK 26.7m, and the EBITDA margin stood at -111.4%.
At the end of 2024, equity financed 60.6% of the balance sheet, and current assets covered short-term debt 1.5 times.
Financials
Revenue
NOK millionsEBITDA
NOK millionsIncome statement
NOK thousands| Item | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Revenue | 15,902 | 16,663 | 13,616 | 5,059 | 5,447 |
| Staff expenses | -22,376 | -16,368 | -9,086 | -6,791 | -6,122 |
| EBITDA | -17,716 | -11,284 | -4,644 | -7,256 | 312 |
| Depreciation & amort. | -7,975 | -3,670 | -3,654 | -3,234 | -13 |
| EBIT | -25,691 | -14,954 | -8,299 | -10,490 | 299 |
| Net financials | -1,002 | -1,303 | -598 | -436 | -176 |
| Profit before tax | -26,693 | -16,258 | -8,897 | -10,926 | 123 |
| Tax | -0 | -0 | -0 | -0 | -0 |
| Net profit | -26,691 | -12,620 | -6,878 | -8,461 | 98 |
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Balance sheet
NOK thousands| Item | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Total assets | 16,750 | 57,310 | 40,619 | 38,714 | 28,714 |
| Equity | 10,157 | 11,348 | 8,968 | 10,846 | 14,307 |
| Long-term debt | 1,183 | 4,416 | 4,142 | 3 | 3 |
| Short-term debt | 4,295 | 40,152 | 25,836 | 25,914 | 12,175 |
| Total debt | 5,478 | 44,568 | 29,979 | 25,917 | 12,178 |
Financial ratios
5-year trendEBITDA margin
-111.4 %
20202024
Equity ratio
60.6 %
AverageAround the average of companies in the same industry
20202024
Return on equity
-262.8 %
Very weakAmong the 10% lowest rated companies in the industry
20202024
Net profit margin
-167.8 %
Very weakAmong the 20% lowest rated companies in the industry
20202024
Asset turnover
0.95×
StrongAmong the 40% highest rated companies in the industry
20202024
Debt / equity
0.65×
AverageAround the average of companies in the same industry
20202024
Sector performance
28 of 28 ratios graded28 financial ratios from the latest filing, each graded against companies in the same industry.
Profitability
Gross marginWeak
Among the 30% lowest rated companies in the industry
The gross result as a share of revenue — how much of the revenue is left after variable costs to cover the company's fixed costs.
Operating marginVery weak
Among the 20% lowest rated companies in the industry
EBIT as a share of revenue — the share of revenue remaining as earnings once all operating costs are covered. A key measure of earning power.
Net profit marginVery weak
Among the 20% lowest rated companies in the industry
The profit for the year as a share of revenue — the company's ability to turn revenue into profit.
Return on equity (ROE)Very weak
Among the 10% lowest rated companies in the industry
Net profit as a percentage of equity — the return the owners earned on their invested capital this year.
Return on assets (ROA)Very weak
Among the 10% lowest rated companies in the industry
Net profit as a percentage of total assets — the return generated on the capital employed.
Return on net assets (RONA)Very weak
Among the 10% lowest rated companies in the industry
Profit relative to net assets (total assets minus total debt) — the ability to generate earnings from the net asset base alone.
Basic earning power (BEP)Very weak
Among the 10% lowest rated companies in the industry
EBIT relative to total assets — the company's earning power before the effects of tax and financial leverage.
Capacity ratioAverage
Around the average of companies in the same industry
Shows how strongly fixed costs weigh on the gross result — a high ratio means fixed costs take only a small bite out of the earnings from basic operations.
Liquidity
Current ratioAverage
Around the average of companies in the same industry
Current assets relative to short-term debt — the ability to settle short-term obligations with current assets alone. Around 150% is considered satisfactory from a credit perspective.
Quick ratioWeak
Among the 40% lowest rated companies in the industry
Current assets excluding inventory relative to short-term debt — whether the most liquid assets alone can cover the short-term obligations. A value of 1 or above signals a healthy liquidity position.
Cash ratioWeak
Among the 40% lowest rated companies in the industry
Cash relative to short-term debt — the ability to repay short-term obligations with cash alone.
Current assets to equityStrong
Among the 30% highest rated companies in the industry
Current assets relative to equity — an indicator of the balance-sheet structure and of the company's short- and long-term financing. The healthy level is highly industry-dependent.
Fixed assets to long-term capitalWeak
Among the 30% lowest rated companies in the industry
Fixed assets relative to long-term capital (equity plus long-term liabilities). Below 100% means the long-term capital finances more than just the fixed assets — a healthier liquidity position.
Cash conversion ratioWeak
Among the 30% lowest rated companies in the industry
Cash flow relative to profit — the ability to convert reported profits into accessible cash.
Debt & solvency
Solidity ratioAverage
Around the average of companies in the same industry
Equity as a share of total assets — the ability to absorb losses. Around 40% is considered satisfactory from a credit perspective.
Debt ratioStrong
Among the 40% highest rated companies in the industry
Total debt relative to the balance-sheet total — the share of the assets financed by debt rather than equity.
Debt to equityAverage
Around the average of companies in the same industry
Debt relative to equity — the company's leverage. A higher value means heavier reliance on debt financing.
Liabilities to equityAverage
Around the average of companies in the same industry
Total liabilities relative to equity — whether the company operates primarily on borrowed capital or on its own.
Income to debtVery weak
Among the 10% lowest rated companies in the industry
Profit relative to debt — the ability to create earnings while operating with debt.
EBITDA to debtVery weak
Among the 10% lowest rated companies in the industry
EBITDA relative to debt — how much operating earnings are available to service the debt.
Interest coverageWeak
Among the 30% lowest rated companies in the industry
The ability to pay the interest on the company's debt out of its earnings.
Interest rate on debtVery weak
Among the 20% lowest rated companies in the industry
Financial expenses relative to total liabilities — the effective interest rate the company pays on its debt.
Interest marginVery weak
Among the 20% lowest rated companies in the industry
The return on assets minus the interest rate on debt. Positive means the company benefits from operating with debt; negative means the debt makes it worse off.
Efficiency & development
Asset turnoverStrong
Among the 40% highest rated companies in the industry
Revenue relative to total assets — the ability to generate revenue from the asset base.
Inventory turnoverStrong
Among the 30% highest rated companies in the industry
Revenue relative to inventory — how many times a year the inventory is sold and replaced. A low value can indicate weak sales or excess inventory.
Equity to contributed capitalAverage
Around the average of companies in the same industry
Total equity relative to the capital the owners contributed — how the equity has developed from its starting point.
One-year change in equityWeak
Among the 40% lowest rated companies in the industry
The size of this year's increase or decrease in the company's equity.
One-year change in debtVery strong
Among the 10% highest rated companies in the industry
The size of this year's increase or decrease in the company's debt.
Annual reports & filings
- Annual report 2024Filed via Brønnøysundsregistrene · Period 2024-01-01 – 2024-12-31
- Annual report 2023Filed via Brønnøysundsregistrene · Period 2023-01-01 – 2023-12-31
- Annual report 2022Filed via Brønnøysundsregistrene · Period 2022-01-01 – 2022-12-31
- Annual report 2021Filed via Brønnøysundsregistrene · Period 2021-01-01 – 2021-12-31
- Annual report 2020Filed via Brønnøysundsregistrene · Period 2020-01-01 – 2020-12-31
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|
Former (1)
VF Chief Executive Officer | Chief Executive Officer | 2018 – 2025 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (1) | ||
SF Chairman | Chairman | 2024 |
Former (7)
KA Chairman | Chairman | 2023 – 2024 |
SA Board of Directors | Board of Directors | 2021 – 2023 |
RH Chairman | Chairman | 2019 – 2023 |
JP Board of Directors | Board of Directors | 2019 – 2023 |
MM Board of Directors | Board of Directors | 2023 – 2024 |
IH Board of Directors | Board of Directors | 2023 – 2024 |
BK Board of Directors | Board of Directors | 2019 – 2021 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 100% | 100% | 2022 | |
| Company | 100% | 100% | 2020 | |
Sympower B.V | Company | 100% | 100% | 2024 |
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Related companies
Company hierarchy
Å Energi Fleksibilitet As
Flextools AS Board network connections
Board members of Flextools AS also hold positions in 56 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Victoria Fearnley Landmark | Chief Executive Officer | 15 companiesMany roles |
| Svein Are Folgerø | Board of Directors | 13 companiesMany roles |
| Majken Margrethe Smith | Board of Directors | 11 companiesMany roles |
| Kristian Aarstad Vennemoe | Chairman | 5 companies |
| Rune Hogga | Chairman | 5 companies |
| Ingrid Heggdal | Board of Directors | 4 companies |
| Jan Pedersen | Board of Directors | 2 companies |
| Simon Frederick Bushell | Chairman | 1 company |
Frequently asked questions
What is the Org number of Flextools AS?
Flextools AS is registered with Brønnøysundsregistrene under Org 915499511.
What is the revenue of Flextools AS?
Flextools AS reported revenue of NOK 15.9m in 2024.
How many employees does Flextools AS have?
Flextools AS employs 9 people as of the latest annual report.
Who is the chairman of Flextools AS?
Simon Frederick Bushell chairs the board of Flextools AS, in role since 2024.
Where is Flextools AS headquartered?
Flextools AS's registered address is Strandveien 17.