Notrex AB
ABActiveOrg 5566539663Sveavägen 34, 111 34 StockholmOther software publishing· NACE 5829Est. 2004 · 22 years old27 employees
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Overview
Notrex AB is a Swedish AB based in Stockholm, operating in the Other software publishing sector. Incorporated in 2004, the company has 27 employees and reported revenue of SEK 42.8m in its latest annual filing.
Revenue 2025
42.8M SEK
+33% vs 2024
EBITDA margin
16.6 %
+57% vs 2024
Net profit 2025
6.7M SEK
+1% vs 2024
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
41.0 %
WeakAmong the 40% lowest rated companies in the industry
20212025
Liquidity ratioCurrent assets ÷ Short-term debt
1.3×
WeakAmong the 30% lowest rated companies in the industry
20212025
Return on assets (ROA)Net profit ÷ Total assets × 100
30.7 %
Very strongAmong the 20% highest rated companies in the industry
20212025
EBITDA — year on year
SEK thousandsKey figures
Annual report 2025| Revenue | 42.8M SEK | +33% |
| EBITDA | 7.1M SEK | +57% |
| Net profit | 6.7M SEK | +1% |
| Total assets | 21.7M SEK | +28% |
| Equity | 8.9M SEK | +8% |
| Employees | 27 | — |
Company information
Legal name
Notrex AB
Org number
5566539663
Legal form
Aktiebolag
NACE code
5829 · Other software publishing
Founded
20 January 2004 · 22 years
Share capital
SEK 150,000
Employees
27 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2025-12-31
Financial year
January – December
Signatory rights
Firman tecknas av styrelsen Dessutom har verkställande direktören rätt att teckna firman beträffande löpande förvaltningsåtgärder
Company purpose
Bolaget skall bedriva konsult- och rådgivningsverksamhet inom Software Asset Management, licensiering och ekonomi, relaterat till programvaror och molntjänster på den nordiska marknaden samt därmed förenlig verksamhet.
(no translation available)
Address
Sveavägen 34, 111 34 Stockholm
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 (2025), Notrex AB reported revenue of SEK 42.8m, an increase of 33% 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 6.7m, and the EBITDA margin stood at 16.6%.
At the end of 2025, equity financed 41% of the balance sheet, and current assets covered short-term debt 1.3 times.
Financials
Revenue
SEK millionsEBITDA
SEK thousandsIncome statement
SEK thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 42,791 | 32,177 | 27,033 | 23,635 | 23,608 |
| Staff expenses | -27,045 | -19,542 | -15,844 | -13,085 | — |
| EBITDA | 7,092 | 4,507 | 3,290 | 3,264 | 3,887 |
| Depreciation & amort. | -9 | -9 | -9 | -18 | -22 |
| EBIT | 7,083 | 4,498 | 3,281 | 3,246 | 3,865 |
| Net financials | 1,090 | 27 | 99 | 471 | 390 |
| Profit before tax | 8,172 | 8,421 | 3,910 | 3,034 | 3,368 |
| Tax | -1,514 | -1,816 | 876 | 670 | -725 |
| Net profit | 6,658 | 6,605 | 3,035 | 2,364 | 2,643 |
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Balance sheet
SEK thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total assets | 21,704 | 16,930 | 14,902 | 14,147 | 14,288 |
| Equity | 8,898 | 8,240 | 4,636 | 4,601 | 5,237 |
| Long-term debt | — | — | 0 | 0 | 0 |
| Short-term debt | 12,806 | 8,689 | 6,371 | 5,119 | 5,308 |
| Total debt | 12,806 | 8,689 | 6,371 | 5,119 | 5,308 |
Financial ratios
5-year trendEBITDA margin
16.6 %
20212025
Equity ratio
41.0 %
WeakAmong the 40% lowest rated companies in the industry
20212025
Return on equity
74.8 %
Very strongAmong the 10% highest rated companies in the industry
20212025
Net profit margin
15.6 %
StrongAmong the 40% highest rated companies in the industry
20212025
Asset turnover
1.97×
StrongAmong the 30% highest rated companies in the industry
20212025
Debt / equity
1.44×
WeakAmong the 30% lowest rated companies in the industry
20212025
Sector performance
25 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 marginStrong
Among the 40% 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 40% 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 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 ratioStrong
Among the 40% 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 ratioWeak
Among the 30% 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.
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 equityWeak
Among the 30% 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 ratioAverage
Around the average of companies in the same industry
Cash flow relative to profit — the ability to convert reported profits into accessible cash.
Quick ratioNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
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.
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 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 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 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 equityWeak
Among the 30% 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 40% highest rated companies in the 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 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 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 30% 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 20% 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 equityStrong
Among the 40% highest rated companies in the industry
The size of this year's increase or decrease in the company's equity.
One-year change in debtWeak
Among the 30% 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
- 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) | ||
AF Chief Auditor | Chief Auditor | 2020 |
BÅ Chief Executive Officer | Chief Executive Officer | 2020 |
Former (1)
SM Chief Executive Officer | Chief Executive Officer | 2022 – 2023 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (3) | ||
SM Deputy Board Member | Deputy Board Member | 2020 |
HE Chairman | Chairman | 2020 |
BÅ Board of Directors | Board of Directors | 2020 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 51% | 51% | 2024 |
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Related companies
Company hierarchy
Varlada Management AB
Notrex AB Board network connections
Board members of Notrex AB also hold positions in 47 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Anders Fredrik Pålsson | Chief Auditor | 44 companiesMany roles |
| Sonja Marie Lilliequist | Chief Executive Officer | 1 company |
| Bengt Åke Lilliequist | Chief Executive Officer | 1 company |
| Hans Eric Carlsson | Chairman | 1 company |
Frequently asked questions
What is the Org number of Notrex AB?
Notrex AB is registered with Bolagsverket / SCB under Org 5566539663.
What is the revenue of Notrex AB?
Notrex AB reported revenue of SEK 42.8m in 2025.
How many employees does Notrex AB have?
Notrex AB employs 27 people as of the latest annual report.
Who is the CEO of Notrex AB?
Bengt Åke Lilliequist is the CEO of Notrex AB, in role since 2020.
Who is the chairman of Notrex AB?
Hans Eric Carlsson chairs the board of Notrex AB, in role since 2020.
Where is Notrex AB headquartered?
Notrex AB's registered address is Sveavägen 34.