MX Data AS
ASDissolvedOrg 929748174Safirvegen 3, 9022 KrokelvdalenComputer programming activities· NACE 6210Est. 2022 · 4 years old1-4 employees
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Overview
MX Data AS is a Norwegian AS based in Krokelvdalen, operating in the Computer programming activities sector. Incorporated in 2022, the company reported revenue of NOK 11.2m in its latest annual filing.
Revenue 2024
11.2M NOK
+33% vs 2023
EBITDA margin
61.7 %
+43% vs 2023
Net profit 2024
5.9M NOK
+54% vs 2023
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
25.5 %
WeakAmong the 40% lowest rated companies in the industry
20222024
Liquidity ratioCurrent assets ÷ Short-term debt
1.3×
AverageAround the average of companies in the same industry
20222024
Return on assets (ROA)Net profit ÷ Total assets × 100
39.1 %
Very strongAmong the 20% highest rated companies in the industry
20222024
EBITDA — year on year
NOK thousandsKey figures
Annual report 2024| Revenue | 11.2M NOK | +33% |
| EBITDA | 6.9M NOK | +43% |
| Net profit | 5.9M NOK | +54% |
| Total assets | 15M NOK | +76% |
| Equity | 3.8M NOK | 0% |
| Employees | — | — |
Company information
Legal name
MX DATA AS
Org number
929748174
Legal form
Aksjeselskap
NACE code
Founded
15 August 2022 · 4 years
Share capital
NOK 30,000
Employees
1-4
VAT registered
No
Audit selected
No
Last report
2024-12-31
Financial year
January – December
Signatory rights
Styrets leder alene eller to styremedlemmer i fellesskap.
Company purpose
Konsulentvirksomhet innen edb og elektro, samt programvareutvikling.
(no translation available)
Address
Safirvegen 3, 9022 Krokelvdalen
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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), MX Data AS reported revenue of NOK 11.2m, an increase of 33% on the year before. The figures on this page draw on 3 annual filings covering 2022 to 2024. The bottom line showed a net profit of NOK 5.9m, and the EBITDA margin stood at 61.7%.
At the end of 2024, equity financed 25.5% of the balance sheet, and current assets covered short-term debt 1.3 times.
Financials
Revenue
NOK millionsEBITDA
NOK thousandsIncome statement
NOK thousands| Item | 2024 | 2023 | 2022 |
|---|---|---|---|
| Revenue | 11,179 | 8,405 | 7,835 |
| Staff expenses | -3,298 | -2,800 | -3,314 |
| EBITDA | 6,897 | 4,838 | 3,616 |
| Depreciation & amort. | -28 | -7 | -1 |
| EBIT | 6,869 | 4,831 | 3,615 |
| Net financials | 647 | 40 | 18 |
| Profit before tax | 7,516 | 4,871 | 3,633 |
| Tax | 1,655 | 1,074 | 811 |
| Net profit | 5,861 | 3,797 | 2,822 |
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Balance sheet
NOK thousands| Item | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total assets | 14,974 | 8,500 | 4,362 |
| Equity | 3,816 | 3,827 | 30 |
| Long-term debt | 0 | 2 | 1 |
| Short-term debt | 11,158 | 4,672 | 4,331 |
| Total debt | 11,158 | 4,673 | 4,332 |
Financial ratios
5-year trendEBITDA margin
61.7 %
20222024
Equity ratio
25.5 %
WeakAmong the 40% lowest rated companies in the industry
20222024
Return on equity
153.6 %
Very strongAmong the 10% highest rated companies in the industry
20222024
Net profit margin
52.4 %
Very strongAmong the 20% highest rated companies in the industry
20222024
Asset turnover
0.75×
StrongAmong the 40% highest rated companies in the industry
20222024
Debt / equity
2.92×
WeakAmong the 30% lowest rated companies in the industry
20222024
Sector performance
27 of 28 ratios graded28 financial ratios from the latest filing, each graded against companies in the same industry.
Profitability
Gross marginWeak
Among the 40% 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 strong
Among the 10% 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 marginVery strong
Among the 20% 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)Very strong
Among the 20% 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 10% 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 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 ratioAverage
Around the average of companies in the same 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 20% 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 20% 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 strong
Among the 10% highest 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 ratioStrong
Among the 40% highest rated companies in the industry
Cash flow relative to profit — the ability to convert reported profits into accessible cash.
Debt & solvency
Solidity ratioWeak
Among the 40% 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 40% 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 equityWeak
Among the 30% 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 20% 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 debtStrong
Among the 30% highest rated companies in the industry
Profit relative to debt — the ability to create earnings while operating with debt.
EBITDA to debtVery strong
Among the 20% highest rated companies in the industry
EBITDA relative to debt — how much operating earnings are available to service the debt.
Interest coverageVery strong
Among the 10% highest rated companies in the industry
The ability to pay the interest on the company's debt out of its earnings.
Interest rate on debtStrong
Among the 40% highest rated companies in the industry
Financial expenses relative to total liabilities — the effective interest rate the company pays on its debt.
Interest marginVery strong
Among the 20% 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 turnoverStrong
Among the 40% highest rated companies in the industry
Revenue relative to total assets — the ability to generate revenue from the asset base.
Equity to contributed capitalVery strong
Among the 10% highest rated companies in the industry
Total equity relative to the capital the owners contributed — how the equity has developed from its starting point.
One-year change in equityAverage
Around the average of companies in the same industry
The size of this year's increase or decrease in the company's equity.
One-year change in debtVery weak
Among the 20% lowest 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.
Annual reports & filings
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|---|---|
| Current (1) | ||
GM Chief Executive Officer | Chief Executive Officer | 2022 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (2) | ||
EH Board of Directors | Board of Directors | 2023 |
GI Chairman | Chairman | 2023 |
Former (1)
GM Chairman | Chairman | 2022 – 2023 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 9% | 9% | 2024 | |
| Company | 91% | 91% | 2024 |
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Company hierarchy
Gamo Holding As
MX Data AS Board network connections
Board members of MX Data AS also hold positions in 27 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Erik Helland | Board of Directors | 13 companiesMany roles |
| Geir Ingar Korsnes Hansen | Chairman | 10 companiesMany roles |
| Gaute Moxnes | Chief Executive Officer | 4 companies |
Frequently asked questions
What is the Org number of MX Data AS?
MX Data AS is registered with Brønnøysundsregistrene under Org 929748174.
What is the revenue of MX Data AS?
MX Data AS reported revenue of NOK 11.2m in 2024.
Who is the CEO of MX Data AS?
Gaute Moxnes is the CEO of MX Data AS.
Who is the chairman of MX Data AS?
Geir Ingar Korsnes Hansen chairs the board of MX Data AS, in role since 2023.
Where is MX Data AS headquartered?
MX Data AS's registered address is Safirvegen 3.