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MODULSYSTEM AS
AS
Active
Org 914964024
Østre Aker Vei 206A, 0975 Oslo
Construction of residential and non-residential buildings · NACE 4100
Est. 2015
25 employees
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Overview
Financials
People & ownership
Related companies
Revenue 2024
NOK 12,8M
+32% vs 2023
EBITDA margin
2.0%
-45% vs 2023
Equity ratio
12.6%
Financial strength
Net profit 2024
NOK 93K
-62% vs 2023
EBITDA — year on year
NOK millions
0M
-0M
-1M
-1M
-1M
0M
2020
0M
0%
2021
0M
0%
2022
0M
0%
2023
0M
0%
2024
Key figures
Annual report 2024
Revenue
NOK 12,8M
+32%
EBITDA
NOK 255K
-45%
Net profit
NOK 93K
-62%
Total assets
NOK 3,3M
+24%
Equity
NOK 420K
+28%
Employees
25
—
Company information
Legal name
MODULSYSTEM AS
Org number
914964024
Legal form
Aksjeselskap
NACE code
4100 · Construction of residential and non-residential buildings
Founded
16. februar 2015
Share capital
NOK 30 000
Employees
25 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2024-12-31
Financial year
January – December
Signatory rights
Daglig leder og styrets leder i fellesskap.
Company purpose
Håndverkertjenester, samt transport av varer og andre tjenester naturlig tilhørende dette.
Contact
Address
Østre Aker Vei 206A, 0975 Oslo
Phone
+4746356844
Email
info@modulsystem.no
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Companies in Construction of residential and non-residential buildings
Companies in Oslo
All Norway companies
Revenue
NOK millions
0M
4M
7M
11M
15M
9M
2020
8M
2021
9M
2022
10M
2023
13M
2024
EBITDA
NOK millions
0M
0M
1M
1M
1M
0M
2020
0M
2021
0M
2022
0M
2023
0M
2024
Income statement
NOK thousands
Item
2020
2021
2022
2023
2024
Revenue
9 467
8 257
9 120
9 697
12 801
Staff expenses
−7 714
−5 744
−7 366
−7 317
−10 074
EBITDA
3
280
217
466
255
Depreciation & amort.
−191
−184
−84
−44
−49
EBIT
−188
96
134
422
206
Net financials
−13
−36
−33
−60
−80
Profit before tax
−201
60
100
362
126
Tax
34
−59
26
119
33
Net profit
−235
119
75
242
93
Balance sheet
NOK thousands
Item
2020
2021
2022
2023
2024
Total assets
2 045
1 730
2 830
2 689
3 345
Equity
−109
10
85
327
420
Long-term debt
221
90
0
0
0
Short-term debt
1 932
1 629
2 745
2 362
2 925
Total debt
2 153
1 719
2 745
2 362
2 925
Financial ratios
5-year trend
EBITDA margin
2.0%
This company
15.8%
Market median
-87% vs market
2020
2024
Equity ratio
12.6%
This company
38.2%
Market median
-67% vs market
2020
2024
Return on equity
22.2%
This company
18.4%
Market median
+21% vs market
2020
2024
Net profit margin
0.7%
This company
8.1%
Market median
-91% vs market
2020
2024
Asset turnover
3.83×
This company
1.12×
Market median
+242% vs market
2020
2024
Debt / equity
6.96×
This company
0.62×
Market median
-1023% vs market
2020
2024
Annual reports & filings
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
Annual report 2020
Filed via Brønnøysundsregistrene · Period 2020-01-01 – 2020-12-31
View
PDF
Management
Actively employed in the business
No data on file.
Board of directors
Non-executive oversight
Name
Role
Member since
Current (1)
EV
Ernests Vasks
Chairman
2022
Former (1)
AU
Austris Ungurs
Chairman
2015 – 2022
Shareholders
As of last annual report
No shareholder data available.
Beneficial ownership (UBO) data access is restricted in Denmark as of September 2025 per the EU 6th AML Directive.
Learn more
.
Company hierarchy
No registered parent or subsidiaries
Board network connections
Board members of MODULSYSTEM AS also hold positions in
0
other companies.
Person
Role here
Other companies
Ernests Vasks
Chairman
0 companies
Austris Ungurs
Chairman
0 companies