Multilux AS
ASDissolvedOrg 981603397Sandavegen 19, 3802 Bø I TelemarkEngroshandel med belysningsutstyr· NACE 46473Est. 2000 · 26 years old26 employeeshttps://www.multilux.no
Loading company…
Overview
Multilux AS is a Norwegian AS based in Bø I Telemark, operating in the Engroshandel med belysningsutstyr sector. Incorporated in 2000, the company has 26 employees and reported revenue of NOK 157.7m in its latest annual filing.
Revenue 2023
157.7M NOK
−18% vs 2022
EBITDA margin
2.4 %
−72% vs 2022
Net profit 2023
1.3M NOK
-86% vs 2022
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
57.3 %
StrongAmong the 40% highest rated companies in the industry
20192023
Liquidity ratioCurrent assets ÷ Short-term debt
2.2×
StrongAmong the 40% highest rated companies in the industry
20192023
Return on assets (ROA)Net profit ÷ Total assets × 100
2.4 %
AverageAround the average of companies in the same industry
20192023
EBITDA — year on year
NOK millionsKey figures
Annual report 2023| Revenue | 157.7M NOK | -18% |
| EBITDA | 3.9M NOK | -72% |
| Net profit | 1.3M NOK | -86% |
| Total assets | 53.1M NOK | -29% |
| Equity | 30.4M NOK | +4% |
| Employees | 26 | — |
Company information
Legal name
MULTILUX AS
Org number
981603397
Legal form
Aksjeselskap
NACE code
Founded
7 February 2000 · 26 years
Share capital
NOK 987,840
Employees
26 (FTE)
VAT registered
No
Audit selected
No
Last report
2023-12-31
Financial year
January – December
Signatory rights
Styrets medlemmer hver for seg.
Company purpose
Handels-, produksjons- og servicevirksomhet innenfor elektrobransjen og hva dermed står i forbindelse, samt deltakelse i annen tilsvarende virksomhet ved aksjetegning eller på annen måte.
(no translation available)
Contact
Address
Sandavegen 19, 3802 Bø I Telemark
Website
https://www.multilux.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 (2023), Multilux AS reported revenue of NOK 157.7m, a decrease of 18% 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 1.3m, and the EBITDA margin stood at 2.4%.
At the end of 2023, equity financed 57.3% of the balance sheet, and current assets covered short-term debt 2.2 times.
Financials
Revenue
NOK millionsEBITDA
NOK millionsIncome statement
NOK thousands| Item | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|
| Revenue | 157,722 | 192,831 | 172,326 | 163,669 | 170,121 |
| Staff expenses | -27,384 | -29,223 | -26,343 | -24,745 | -23,564 |
| EBITDA | 3,850 | 13,726 | 3,609 | 1,014 | 5,135 |
| Depreciation & amort. | -528 | -801 | -806 | -757 | -589 |
| EBIT | 3,322 | 12,925 | 2,803 | 258 | 4,546 |
| Net financials | -1,570 | -1,099 | 782 | 83 | 141 |
| Profit before tax | 1,753 | 11,825 | 3,585 | 340 | 4,687 |
| Tax | 461 | 2,728 | 846 | 99 | 1,120 |
| Net profit | 1,291 | 9,098 | 2,739 | 241 | 3,566 |
Get a credit rating – not just the numbers
Financial statements show the past. Risika gives you a score and a recommended credit limit, so you know what the numbers mean for your risk.
Balance sheet
NOK thousands| Item | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|
| Total assets | 53,113 | 74,619 | 56,414 | 48,785 | 51,276 |
| Equity | 30,449 | 29,158 | 25,540 | 23,921 | 24,080 |
| Long-term debt | 0 | 1,291 | 1,363 | 1,543 | 1,608 |
| Short-term debt | 22,194 | 43,936 | 29,333 | 23,162 | 25,295 |
| Total debt | 22,194 | 45,227 | 30,696 | 24,705 | 26,903 |
Financial ratios
5-year trendEBITDA margin
2.4 %
20192023
Equity ratio
57.3 %
StrongAmong the 40% highest rated companies in the industry
20192023
Return on equity
4.2 %
AverageAround the average of companies in the same industry
20192023
Net profit margin
0.8 %
AverageAround the average of companies in the same industry
20192023
Asset turnover
2.97×
StrongAmong the 30% highest rated companies in the industry
20192023
Debt / equity
0.74×
StrongAmong the 40% highest rated companies in the industry
20192023
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 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 marginAverage
Around the average of companies in the same 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 marginAverage
Around the average of companies in the same industry
The profit for the year as a share of revenue — the company's ability to turn revenue into profit.
Return on equity (ROE)Average
Around the average of companies in the same industry
Net profit as a percentage of equity — the return the owners earned on their invested capital this year.
Return on assets (ROA)Average
Around the average of companies in the same industry
Net profit as a percentage of total assets — the return generated on the capital employed.
Return on net assets (RONA)Average
Around the average of companies in the same 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)Strong
Among the 40% 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 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 ratioStrong
Among the 40% 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 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 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 equityAverage
Around the average of companies in the same 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 capitalStrong
Among the 40% 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 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 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 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 40% 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 10% lowest rated companies in the industry
Financial expenses relative to total liabilities — the effective interest rate the company pays on its debt.
Interest marginWeak
Among the 40% 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 30% highest rated companies in the industry
Revenue relative to total assets — the ability to generate revenue from the asset base.
Inventory turnoverAverage
Around the average of companies in the same 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 capitalStrong
Among the 30% 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 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 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 (2) | ||
SO Chief Executive Officer | Chief Executive Officer | 2017 |
SR Deputy Member | Deputy Member | 2020 |
Former (1)
HL Accountant | Accountant | 2020 – 2023 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (4) | ||
OA Board of Directors | Board of Directors | 2020 |
HR Board of Directors | Board of Directors | 2020 |
HB Chairman | Chairman | 2020 |
RS Board of Directors | Board of Directors | 2021 |
Former (2)
JG Board of Directors | Board of Directors | 2020 – 2021 |
HJ Board of Directors | Board of Directors | 2022 – 2023 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 15.18% | 15.18% | 2021 | |
| Company | 8.93% | 8.93% | 2020 | |
| Individual | 12.95% | 12.95% | 2020 | |
| Individual | 12.95% | 12.95% | 2020 | |
| Individual | 12.95% | 12.95% | 2020 | |
| Individual | 12.95% | 12.95% | 2020 | |
| Individual | 12.95% | 12.95% | 2020 | |
| Individual | 11.16% | 11.16% | 2020 | |
| Company | 12.95% | 12.95% | 2020 |
One in three Danish companies experiences fraud
Sound familiar? See how to strengthen your defences and catch suspicious changes in ownership and management in time.
Related companies
Company hierarchy
Krk As
Multilux AS Board network connections
Board members of Multilux AS also hold positions in 33 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Olav Anders Hellekås | Board of Directors | 15 companiesMany roles |
| Simon Rørholt | Deputy Member | 6 companiesMany roles |
| Svein Ove Sunde | Chief Executive Officer | 3 companies |
| Halvor Bentsen Liland | Chairman | 3 companies |
| Herdis Lindheim | Accountant | 2 companies |
| Rolf Steinsland | Board of Directors | 2 companies |
| Helge Rørholt | Board of Directors | 1 company |
| Joar Grønningen | Board of Directors | 1 company |
Frequently asked questions
What is the Org number of Multilux AS?
Multilux AS is registered with Brønnøysundsregistrene under Org 981603397.
What is the revenue of Multilux AS?
Multilux AS reported revenue of NOK 157.7m in 2023.
How many employees does Multilux AS have?
Multilux AS employs 26 people as of the latest annual report.
Who is the CEO of Multilux AS?
Svein Ove Sunde is the CEO of Multilux AS, in role since 2017.
Who is the chairman of Multilux AS?
Halvor Bentsen Liland chairs the board of Multilux AS, in role since 2020.
Where is Multilux AS headquartered?
Multilux AS's registered address is Sandavegen 19.