Flexbase AS
ASDissolvedOrg 917786666Tungaveien 10, 7130 BrekstadProduksjon av monteringsferdige hus· NACE 16231Est. 2016 · 10 years old0 employees
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Overview
Flexbase AS is a Norwegian AS based in Brekstad, operating in the Produksjon av monteringsferdige hus sector. Incorporated in 2016, the company has 0 employees and reported revenue of NOK 7.5m in its latest annual filing.
Revenue 2023
7.5M NOK
+64% vs 2022
EBITDA margin
35.3 %
+760% vs 2022
Net profit 2023
0.7M NOK
+209% vs 2022
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
5.6 %
Very weakAmong the 20% lowest rated companies in the industry
20192023
Liquidity ratioCurrent assets ÷ Short-term debt
0.6×
Very weakAmong the 20% lowest rated companies in the industry
20192023
Return on assets (ROA)Net profit ÷ Total assets × 100
8.5 %
StrongAmong the 40% highest rated companies in the industry
20192023
EBITDA — year on year
NOK thousandsKey figures
Annual report 2023| Revenue | 7.5M NOK | +64% |
| EBITDA | 2.6M NOK | +760% |
| Net profit | 0.7M NOK | +209% |
| Total assets | 8.3M NOK | +10% |
| Equity | 0.5M NOK | +184% |
| Employees | 0 | — |
Company information
Legal name
FLEXBASE AS
Org number
917786666
Legal form
Aksjeselskap
NACE code
Founded
14 September 2016 · 10 years
Share capital
NOK 90,000
Employees
0 (FTE)
VAT registered
No
Audit selected
No
Last report
2023-12-31
Financial year
January – December
Signatory rights
Styrets leder og ett styremedlem i fellesskap.
Company purpose
Fremstilling, salg og utleie av bygningsmoduler og andre produkter samt det som naturlig står i forbindelse med dette.
(no translation available)
Address
Tungaveien 10, 7130 Brekstad
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Financial development
In its most recent annual report (2023), Flexbase AS reported revenue of NOK 7.5m, an increase of 64% on the year before. The figures on this page draw on 5 annual filings covering 2019 to 2023. The bottom line showed a net profit of NOK 704.0k, and the EBITDA margin stood at 35.3%.
At the end of 2023, equity financed 5.6% of the balance sheet, and current assets covered short-term debt 0.6 times.
Financials
Revenue
NOK thousandsEBITDA
NOK thousandsIncome statement
NOK thousands| Item | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|
| Revenue | 7,454 | 4,558 | 5,709 | 4,234 | 941 |
| Staff expenses | -0 | -0 | -0 | -70 | -0 |
| EBITDA | 2,631 | 306 | 1,115 | 215 | 529 |
| Depreciation & amort. | -750 | -701 | -798 | -709 | -456 |
| EBIT | 1,881 | -396 | 317 | -494 | 73 |
| Net financials | -512 | -423 | -268 | -298 | -159 |
| Profit before tax | 1,369 | -818 | 50 | -793 | -86 |
| Tax | 665 | -175 | 11 | -175 | -19 |
| Net profit | 704 | -643 | 39 | -618 | -67 |
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Balance sheet
NOK thousands| Item | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|
| Total assets | 8,329 | 7,585 | 9,438 | 7,884 | 5,005 |
| Equity | 463 | -553 | 90 | 26 | 967 |
| Long-term debt | 0 | 0 | 4,761 | 4,270 | 2,361 |
| Short-term debt | 7,866 | 8,139 | 4,587 | 3,588 | 1,677 |
| Total debt | 7,866 | 8,139 | 9,348 | 7,858 | 4,038 |
Financial ratios
5-year trendEBITDA margin
35.3 %
20192023
Equity ratio
5.6 %
Very weakAmong the 20% lowest rated companies in the industry
20192023
Return on equity
151.9 %
Very strongAmong the 10% highest rated companies in the industry
20192023
Net profit margin
9.4 %
StrongAmong the 30% highest rated companies in the industry
20192023
Asset turnover
0.89×
AverageAround the average of companies in the same industry
20192023
Debt / equity
16.97×
Very weakAmong the 10% lowest rated companies in the industry
20192023
Sector performance
26 of 28 ratios graded28 financial ratios from the latest filing, each graded against companies in the same industry.
Profitability
Gross marginAverage
Around the average of companies in the same 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 strong
Among the 20% highest 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 marginStrong
Among the 30% highest 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 strong
Among the 10% highest 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)Strong
Among the 40% highest 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 strong
Among the 10% highest 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 strong
Among the 20% highest rated companies in the industry
EBIT relative to total assets — the company's earning power before the effects of tax and financial leverage.
Capacity ratioVery strong
Among the 10% highest rated companies in the 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 ratioVery weak
Among the 20% lowest rated companies in the 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 30% 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 ratioVery weak
Among the 10% 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 equityVery weak
Among the 10% lowest 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 capitalVery weak
Among the 10% 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 ratioVery strong
Among the 10% highest rated companies in the industry
Cash flow relative to profit — the ability to convert reported profits into accessible cash.
Debt & solvency
Solidity ratioVery weak
Among the 20% lowest rated companies in the industry
Equity as a share of total assets — the ability to absorb losses. Around 40% is considered satisfactory from a credit perspective.
Debt ratioWeak
Among the 30% lowest 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 equityVery weak
Among the 10% lowest rated companies in the industry
Debt relative to equity — the company's leverage. A higher value means heavier reliance on debt financing.
Liabilities to equityVery weak
Among the 10% lowest rated companies in the industry
Total liabilities relative to equity — whether the company operates primarily on borrowed capital or on its own.
Income to debtAverage
Around the average of companies in the same industry
Profit relative to debt — the ability to create earnings while operating with debt.
EBITDA to debtStrong
Among the 30% highest rated companies in the industry
EBITDA relative to debt — how much operating earnings are available to service the debt.
Interest coverageAverage
Around the average of companies in the same 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 marginStrong
Among the 40% highest 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 turnoverAverage
Around the average of companies in the same industry
Revenue relative to total assets — the ability to generate revenue from the asset base.
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 debtStrong
Among the 40% highest rated companies in the industry
The size of this year's increase or decrease in the company's debt.
Inventory turnoverNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
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.
One-year change in equityNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
The size of this year's increase or decrease in the company's equity.
Annual reports & filings
- 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
- Annual report 2019Filed via Brønnøysundsregistrene · Period 2019-01-01 – 2019-12-31
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|---|---|
| Current (1) | ||
AB Chief Executive Officer | Chief Executive Officer | 2023 |
Former (1)
ML Chief Executive Officer | Chief Executive Officer | 2020 – 2023 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (2) | ||
HG Chairman | Chairman | 2022 |
RA Board of Directors | Board of Directors | 2022 |
Former (4)
MN Board of Directors | Board of Directors | 2021 – 2022 |
OG Chairman | Chairman | 2021 – 2022 |
BT Chairman | Chairman | 2019 – 2021 |
BG Board of Directors | Board of Directors | 2019 – 2021 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 100% | 100% | 2021 | |
| Company | 100% | 100% | 2020 |
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Related companies
Company hierarchy
Grøntvedt Eiendom As
Flexbase AS Board network connections
Board members of Flexbase AS also hold positions in 86 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Helge Gåsø | Chairman | 36 companiesMany roles |
| Bernt Thoresen | Chairman | 19 companiesMany roles |
| Bjørnar Grøntvedt | Board of Directors | 15 companiesMany roles |
| Alexander Borge Grøntvedt | Chief Executive Officer | 8 companiesMany roles |
| Otto Gregussen | Chairman | 3 companies |
| Runar Aakvik | Board of Directors | 3 companies |
| Monica Napsøy Sagosen | Board of Directors | 2 companies |
Frequently asked questions
What is the Org number of Flexbase AS?
Flexbase AS is registered with Brønnøysundsregistrene under Org 917786666.
What is the revenue of Flexbase AS?
Flexbase AS reported revenue of NOK 7.5m in 2023.
Who is the CEO of Flexbase AS?
Alexander Borge Grøntvedt is the CEO of Flexbase AS, in role since 2023.
Who is the chairman of Flexbase AS?
Helge Gåsø chairs the board of Flexbase AS, in role since 2022.
Where is Flexbase AS headquartered?
Flexbase AS's registered address is Tungaveien 10.