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MODELGEO AS
AS
Active
Org 920653464
Borgenbakken 5A, 0370 Oslo
Computer programming activities · NACE 6210
Est. 2018
0 employees
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Overview
Financials
People & ownership
Related companies
Revenue 2024
NOK 1,5M
+344% vs 2023
EBITDA margin
82.1%
+1096% vs 2023
Equity ratio
14.6%
Financial strength
Net profit 2024
NOK 993K
+1119% vs 2023
EBITDA — year on year
NOK millions
1M
1M
1M
0M
0M
0M
2020
0M
0%
2021
0M
0%
2022
0M
0%
2023
1M
+100%
2024
Key figures
Annual report 2024
Revenue
NOK 1,5M
+344%
EBITDA
NOK 1,3M
+1096%
Net profit
NOK 993K
+1119%
Total assets
NOK 1,5M
+632%
Equity
NOK 215K
+892%
Employees
0
—
Company information
Legal name
MODELGEO AS
Org number
920653464
Legal form
Aksjeselskap
NACE code
6210 · Computer programming activities
Founded
23. mars 2018
Share capital
NOK 30 000
Employees
0
VAT registered
Yes
Audit selected
No
Last report
2024-12-31
Financial year
January – December
Company purpose
Programutvikling og konsulentvirksomhet.
Contact
Address
Borgenbakken 5A, 0370 Oslo
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Companies in Computer programming activities
Companies in Oslo
All Norway companies
Revenue
NOK millions
0M
1M
1M
2M
2M
0M
2020
0M
2021
0M
2022
0M
2023
2M
2024
EBITDA
NOK millions
0M
0M
1M
1M
1M
0M
2020
0M
2021
0M
2022
0M
2023
1M
2024
Income statement
NOK thousands
Item
2020
2021
2022
2023
2024
Revenue
0
150
223
345
1 533
Staff expenses
−0
−0
−0
−0
−10
EBITDA
0
94
8
−126
1 259
Depreciation & amort.
−0
−0
−0
−0
−0
EBIT
0
94
8
−126
1 259
Net financials
0
0
1
1
30
Profit before tax
0
94
8
−125
1 289
Tax
−0
−0
6
−27
296
Net profit
0
94
2
−97
993
Balance sheet
NOK thousands
Item
2020
2021
2022
2023
2024
Total assets
30
165
123
202
1 478
Equity
30
165
119
22
215
Long-term debt
0
0
0
200
0
Short-term debt
0
0
4
−20
1 263
Total debt
0
0
4
180
1 263
Financial ratios
5-year trend
EBITDA margin
82.1%
This company
15.8%
Market median
+420% vs market
2020
2024
Equity ratio
14.6%
This company
38.2%
Market median
-62% vs market
2020
2024
Return on equity
461.8%
This company
18.4%
Market median
+2410% vs market
2020
2024
Net profit margin
64.8%
This company
8.1%
Market median
+700% vs market
2020
2024
Asset turnover
1.04×
This company
1.12×
Market median
+7% vs market
2020
2024
Debt / equity
5.87×
This company
0.62×
Market median
-847% 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 (2)
IM
Ivar Meisingset
Deputy Chairman
2018
OE
Olav Egeland
Chairman
2018
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 MODELGEO AS also hold positions in
0
other companies.
Person
Role here
Other companies
Ivar Meisingset
Deputy Chairman
0 companies
Olav Egeland
Chairman
0 companies