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Flex Applications International AS
AS
Active
Org 912624382
Karenslyst Allé 56, 0277
Oslo
Computer programming activities
·
NACE 6210
Est. 2013 · 12 years old
5 employees
www.flexapplications.no
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Norway
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Computer programming activities
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Flex Applications International AS
Overview
Financials
People & ownership
Related companies
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Financials
Revenue
NOK millions
19M
14M
9M
5M
0M
2021: 8M
8M
2021
2022: 12M (+50% vs 2021)
12M
+50%
2022
2023: 14M (+17% vs 2022)
14M
+17%
2023
2024: 15M (+7% vs 2023)
15M
+7%
2024
2025: 15M (0% vs 2024)
15M
0%
2025
EBITDA
NOK millions
6M
3M
1M
-1M
-4M
2021: 2M
2M
2021
2022: 4M (+100% vs 2021)
4M
+100%
2022
2023: 1M (-75% vs 2022)
1M
-75%
2023
2024: -2M (-300% vs 2023)
-2M
-300%
2024
2025: 4M (+300% vs 2024)
4M
+300%
2025
Income statement
NOK thousands
Item
2025
2024
2023
2022
2021
Revenue
15 205
15 464
14 263
12 180
8 055
Staff expenses
−4 662
−10 456
−8 925
−5 241
−4 342
EBITDA
4 455
−1 540
700
3 739
2 192
Depreciation & amort.
−91
−81
−80
−22
−0
EBIT
4 364
−1 622
619
3 716
2 192
Net financials
458
331
161
−98
−48
Profit before tax
4 822
−1 291
781
3 618
2 144
Tax
1 116
−282
173
885
476
Net profit
3 706
−1 009
608
2 733
1 669
Balance sheet
NOK thousands
Item
2025
2024
2023
2022
2021
Total assets
9 961
9 362
7 357
9 537
6 380
Equity
3 811
4 111
4 124
4 115
4 478
Long-term debt
0
14
15
11
0
Short-term debt
6 150
5 237
3 218
5 411
1 901
Total debt
6 150
5 251
3 233
5 423
1 901
Financial ratios
5-year trend
EBITDA margin
29,3 %
This company
15,8 %
Market median
This company
Market median
85% above market
2021
2025
Equity ratio
38,3 %
This company
38,2 %
Market median
This company
Market median
0% above market
2021
2025
Return on equity
97,2 %
This company
18,4 %
Market median
This company
Market median
428% above market
2021
2025
Net profit margin
24,4 %
This company
8,1 %
Market median
This company
Market median
201% above market
2021
2025
Asset turnover
1,53×
This company
1,12×
Market median
This company
Market median
37% above market
2021
2025
Debt / equity
1,61×
This company
0,62×
Market median
This company
Market median
160% above market
2021
2025
Annual reports & filings
Annual report 2025
Filed via Brønnøysundsregistrene · Period 2025-01-01 – 2025-12-31
View
PDF
Annual report 2024
Filed via Brønnøysundsregistrene · Period 2024-01-01 – 2024-12-31
View
PDF
Annual report 2023
Filed via Brønnøysundsregistrene · Period 2023-01-01 – 2023-12-31
View
PDF
Annual report 2022
Filed via Brønnøysundsregistrene · Period 2022-01-01 – 2022-12-31
View
PDF
Annual report 2021
Filed via Brønnøysundsregistrene · Period 2021-01-01 – 2021-12-31
View
PDF
More on Flex Applications International AS
Overview →
Headline figures, risk assessment and company summary
People & ownership →
Management, board and shareholder breakdown
Related companies →
Corporate hierarchy, parent and subsidiary network
