Modul-System HH AB
ABActiveOrg 5561386409Alfagatan 3, 431 49 MölndalManufacture of furniture· NACE 3100Est. 1970 · 56 years old110 employees
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Overview
Modul-System HH AB is a Swedish AB based in Mölndal, operating in the Manufacture of furniture sector. Incorporated in 1970, the company has 110 employees and reported revenue of SEK 491.6m in its latest annual filing.
Revenue 2025
491.6M SEK
+78041% vs 2024
EBITDA margin
25.0 %
+60465% vs 2024
Net profit 2025
12.5M SEK
+263117% vs 2024
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
0.2 %
Very weakAmong the 10% lowest rated companies in the industry
20212025
Liquidity ratioCurrent assets ÷ Short-term debt
7.6×
Very strongAmong the 20% highest rated companies in the industry
20212025
Return on assets (ROA)Net profit ÷ Total assets × 100
1.7 %
AverageAround the average of companies in the same industry
20212025
EBITDA — year on year
SEK millionsKey figures
Annual report 2025| Revenue | 491.6M SEK | +78041% |
| EBITDA | 122.9M SEK | +60465% |
| Net profit | 12.5M SEK | +263117% |
| Total assets | 732.9M SEK | +88754% |
| Equity | 1.2M SEK | +1235% |
| Employees | 110 | — |
Company information
Legal name
Modul-System HH AB
Org number
5561386409
Legal form
Aktiebolag
NACE code
3100 · Manufacture of furniture
Founded
1 September 1970 · 56 years
Share capital
SEK 1,220,000
Employees
110 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2025-12-31
Financial year
January – December
Signatory rights
Firman tecknas av styrelsen Firman tecknas ensam av Mickelson, David Uno Rickard
Company purpose
Bolaget skall bedriva tillverkning och försäljning av system- inredningar av stål inom bilinredningsbranschen samt idka därmed förenlig verksamhet.
(no translation available)
Contact
Address
Alfagatan 3, 431 49 Mölndal
Phone
+46317468700
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Financial development
In its most recent annual report (2025), Modul-System HH AB reported revenue of SEK 491.6m, an increase of 78041% on the year before. The figures on this page draw on 5 annual filings covering 2021 to 2025. The bottom line showed a net profit of SEK 12.5m, and the EBITDA margin stood at 25%.
At the end of 2025, equity financed 0.2% of the balance sheet, and current assets covered short-term debt 7.6 times.
Financials
Revenue
SEK millionsEBITDA
SEK millionsIncome statement
SEK thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 491,570 | 629 | 495,911 | 397,047 | 347,633 |
| Staff expenses | -24,009 | -25 | — | — | — |
| EBITDA | 122,929 | 203 | 157,379 | 100,935 | 68,635 |
| Depreciation & amort. | -0 | -0 | — | — | — |
| EBIT | 122,929 | 203 | 157,379 | 100,935 | 68,635 |
| Net financials | 5,084 | 12 | 7,774 | 1,023 | 3 |
| Profit before tax | 15,987 | 8 | 134,850 | 82,309 | 56,734 |
| Tax | -3,500 | -3 | -29,054 | -17,742 | -12,469 |
| Net profit | 12,487 | 5 | 105,796 | 64,567 | 44,265 |
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Balance sheet
SEK thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total assets | 732,948 | 825 | 582,132 | 391,166 | 305,773 |
| Equity | 1,220 | 91 | 186,626 | 140,830 | 126,265 |
| Long-term debt | 550,723 | 543 | 157,572 | 76,298 | 20,638 |
| Short-term debt | 62,541 | 70 | 85,229 | 54,017 | 61,852 |
| Total debt | 613,264 | 612 | 242,801 | 130,315 | 82,490 |
Financial ratios
5-year trendEBITDA margin
25.0 %
20212025
Equity ratio
0.2 %
Very weakAmong the 10% lowest rated companies in the industry
20212025
Return on equity
>999 %
Very strongAmong the 10% highest rated companies in the industry
20212025
Net profit margin
2.5 %
AverageAround the average of companies in the same industry
20212025
Asset turnover
0.67×
WeakAmong the 40% lowest rated companies in the industry
20212025
Debt / equity
599.78×
Very weakAmong the 10% lowest rated companies in the industry
20212025
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 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 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)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)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 30% 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 strong
Among the 20% 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 ratioVery strong
Among the 20% 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 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 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 capitalAverage
Around the average of companies in the same 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 10% 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 ratioVery weak
Among the 20% 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 debtAverage
Around the average of companies in the same industry
EBITDA relative to debt — how much operating earnings are available to service the debt.
Interest coverageVery strong
Among the 20% 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 marginAverage
Around the average of companies in the same 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 turnoverWeak
Among the 40% lowest 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 capitalVery weak
Among the 20% 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 strong
Among the 10% highest rated companies in the industry
The size of this year's increase or decrease in the company's equity.
One-year change in debtVery weak
Among the 10% lowest rated companies in the industry
The size of this year's increase or decrease in the company's debt.
Annual reports & filings
- Annual report 2025Filed via Bolagsverket / SCB · Period 2025-01-01 – 2025-12-31
- Annual report 2024Filed via Bolagsverket / SCB · Period 2024-01-01 – 2024-12-31
- Annual report 2023Filed via Bolagsverket / SCB · Period 2023-01-01 – 2023-12-31
- Annual report 2022Filed via Bolagsverket / SCB · Period 2022-01-01 – 2022-12-31
- Annual report 2021Filed via Bolagsverket / SCB · Period 2021-01-01 – 2021-12-31
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|---|---|
| Current (2) | ||
MM Chief Auditor | Chief Auditor | 2026 |
DU Chief Executive Officer | Chief Executive Officer | 2022 |
Former (3)
TH Chief Auditor | Chief Auditor | 2022 – 2022 |
VJ Chief Auditor | Chief Auditor | 2022 – 2025 |
FP Chief Auditor | Chief Auditor | 2025 – 2026 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (2) | ||
SL Deputy Board Member | Deputy Board Member | 2022 |
DU Board of Directors | Board of Directors | 2022 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 100% | 100% | 0001 |
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Company hierarchy
Sorb Industri AB
Modul-System HH AB Board network connections
Board members of Modul-System HH AB also hold positions in 376 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Frans Peter Arne Emanuelsson | Chief Auditor | 181 companiesMany roles |
| Malin Matilda Ekman Lorentzon | Chief Auditor | 116 companiesMany roles |
| Vicky Johansson | Chief Auditor | 64 companiesMany roles |
| Tomas Hilmarsson | Chief Auditor | 10 companiesMany roles |
| David Uno Rickard Mickelson | Chief Executive Officer | 3 companies |
| Stefan Lennart Lundgren | Deputy Board Member | 2 companies |
Frequently asked questions
What is the Org number of Modul-System HH AB?
Modul-System HH AB is registered with Bolagsverket / SCB under Org 5561386409.
What is the revenue of Modul-System HH AB?
Modul-System HH AB reported revenue of SEK 491.6m in 2025.
How many employees does Modul-System HH AB have?
Modul-System HH AB employs 110 people as of the latest annual report.
Who is the CEO of Modul-System HH AB?
David Uno Rickard Mickelson is the CEO of Modul-System HH AB, in role since 2022.
Where is Modul-System HH AB headquartered?
Modul-System HH AB's registered address is Alfagatan 3.