Fabel Code AS
ASActiveOrg 931195247Grenseveien 21, 4313 SandnesComputer programming activities· NACE 6210Est. 2023 · 3 years old0 employees
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Overview
Fabel Code AS is a Norwegian AS based in Sandnes, operating in the Computer programming activities sector. Incorporated in 2023, the company has 0 employees and reported revenue of NOK 0 in its latest annual filing.
Revenue 2025
0K NOK
EBITDA margin
—
Net profit 2025
-53.2K NOK
-189% vs 2024
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
72.4 %
StrongAmong the 40% highest rated companies in the industry
20232025
Liquidity ratioCurrent assets ÷ Short-term debt
3.6×
StrongAmong the 30% highest rated companies in the industry
20232025
Return on assets (ROA)Net profit ÷ Total assets × 100
-177.7 %
Very weakAmong the 10% lowest rated companies in the industry
20232025
EBITDA — year on year
NOK thousandsKey figures
Annual report 2025| Revenue | 0K NOK | — |
| EBITDA | -52.4K NOK | -172% |
| Net profit | -53.2K NOK | -189% |
| Total assets | 29.9K NOK | -75% |
| Equity | 21.7K NOK | -71% |
| Employees | 0 | — |
Company information
Legal name
FABEL CODE AS
Org number
931195247
Legal form
Aksjeselskap
NACE code
Founded
1 March 2023 · 3 years
Share capital
NOK 30,000
Employees
0 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2025-12-31
Financial year
January – December
Company purpose
Programmering og systemutvikling samt hva herved står i forbindelse.
(no translation available)
Address
Grenseveien 21, 4313 Sandnes
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Financial development
In its most recent annual report (2025), Fabel Code AS reported revenue of NOK 0, a decrease of 100% on the year before. The figures on this page draw on 3 annual filings covering 2023 to 2025. The bottom line showed a net loss of NOK 53.2k.
At the end of 2025, equity financed 72.4% of the balance sheet, and current assets covered short-term debt 3.6 times.
Financials
Revenue
NOK thousandsEBITDA
NOK thousandsIncome statement
NOK thousands| Item | 2025 | 2024 | 2023 |
|---|---|---|---|
| Revenue | 0 | 100 | 0 |
| Staff expenses | -0 | -0 | -0 |
| EBITDA | -52 | 73 | -3 |
| Depreciation & amort. | -0 | -0 | -0 |
| EBIT | -52 | 73 | -3 |
| Net financials | -1 | 0 | 0 |
| Profit before tax | -53 | 73 | -3 |
| Tax | -0 | 13 | -0 |
| Net profit | -53 | 60 | -3 |
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Balance sheet
NOK thousands| Item | 2025 | 2024 | 2023 |
|---|---|---|---|
| Total assets | 30 | 121 | 21 |
| Equity | 22 | 75 | 15 |
| Long-term debt | 0 | 0 | 0 |
| Short-term debt | 8 | 46 | 6 |
| Total debt | 8 | 46 | 6 |
Financial ratios
5-year trendEBITDA margin
<−999 %
20232025
Equity ratio
72.4 %
StrongAmong the 40% highest rated companies in the industry
20232025
Return on equity
-245.6 %
Very weakAmong the 10% lowest rated companies in the industry
20232025
Net profit margin
<−999 %
20232025
Asset turnover
0.00×
Very weakAmong the 10% lowest rated companies in the industry
20232025
Debt / equity
0.38×
StrongAmong the 40% highest rated companies in the industry
20232025
Sector performance
23 of 28 ratios graded28 financial ratios from the latest filing, each graded against companies in the same industry.
Profitability
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 ratioVery weak
Among the 10% lowest 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.
Gross marginNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
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 marginNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
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 marginNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
The profit for the year as a share of revenue — the company's ability to turn revenue into profit.
Liquidity
Current ratioStrong
Among the 30% highest 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 ratioStrong
Among the 30% highest 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 ratioStrong
Among the 30% highest rated companies in the industry
Cash relative to short-term debt — the ability to repay short-term obligations with cash alone.
Current assets to equityWeak
Among the 40% 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.
Cash conversion ratioWeak
Among the 40% lowest rated companies in the industry
Cash flow relative to profit — the ability to convert reported profits into accessible cash.
Fixed assets to long-term capitalNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
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.
Debt & solvency
Solidity ratioStrong
Among the 40% highest 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 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 equityStrong
Among the 40% highest rated companies in the 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 coverageVery weak
Among the 20% lowest rated companies in the industry
The ability to pay the interest on the company's debt out of its earnings.
Interest rate on debtWeak
Among the 30% 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 turnoverVery weak
Among the 10% lowest rated companies in the industry
Revenue relative to total assets — the ability to generate revenue from the asset base.
Equity to contributed capitalWeak
Among the 40% lowest 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 equityVery weak
Among the 20% 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.
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) | ||
TH Chief Executive Officer | Chief Executive Officer | 2023 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (5) | ||
RR Board of Directors | Board of Directors | 2023 |
RO Chairman | Chairman | 2023 |
DR Board of Directors | Board of Directors | 2023 |
TH Board of Directors | Board of Directors | 2023 |
OT Board of Directors | Board of Directors | 2023 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 60% | 60% | 2023 | |
| Company | 40% | 40% | 2023 |
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Company hierarchy
Dedy As
Fabel Code AS Board network connections
Board members of Fabel Code AS also hold positions in 33 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Ruben Omdal | Chairman | 20 companiesMany roles |
| Rudi Rossbakk Nordbøe | Board of Directors | 6 companiesMany roles |
| Dani Rossbakk Nordbøe | Board of Directors | 5 companies |
| Tormod Høie | Chief Executive Officer | 1 company |
| Odd Terje Høie | Board of Directors | 1 company |
Frequently asked questions
What is the Org number of Fabel Code AS?
Fabel Code AS is registered with Brønnøysundsregistrene under Org 931195247.
Who is the CEO of Fabel Code AS?
Tormod Høie is the CEO of Fabel Code AS.
Who is the chairman of Fabel Code AS?
Ruben Omdal chairs the board of Fabel Code AS.
Where is Fabel Code AS headquartered?
Fabel Code AS's registered address is Grenseveien 21.