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MODULARITY AS
AS
Active
Org 927587645
Sandefjordgata 5E, 0464 Oslo
Computer programming activities · NACE 6210
Est. 2021
1 employees
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Share
Overview
Financials
People & ownership
Related companies
Revenue 2024
NOK 638K
-64% vs 2023
EBITDA margin
2.8%
-98% vs 2023
Equity ratio
39.8%
Financial strength
Net profit 2024
NOK 31K
-95% vs 2023
EBITDA — year on year
NOK millions
1M
1M
1M
0M
0M
0M
2021
1M
+100%
2022
1M
0%
2023
0M
-100%
2024
Key figures
Annual report 2024
Revenue
NOK 638K
-64%
EBITDA
NOK 18K
-98%
Net profit
NOK 31K
-95%
Total assets
NOK 152K
-85%
Equity
NOK 61K
+102%
Employees
1
—
Company information
Legal name
MODULARITY AS
Org number
927587645
Legal form
Aksjeselskap
NACE code
6210 · Computer programming activities
Founded
25. august 2021
Share capital
NOK 30 000
Employees
1 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2024-12-31
Financial year
January – December
Company purpose
Utvikle it løsninger.
Contact
Address
Sandefjordgata 5E, 0464 Oslo
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Revenue
NOK millions
0M
1M
1M
2M
2M
0M
2021
2M
2022
2M
2023
1M
2024
EBITDA
NOK millions
0M
0M
1M
1M
1M
0M
2021
1M
2022
1M
2023
0M
2024
Income statement
NOK thousands
Item
2021
2022
2023
2024
Revenue
296
1 829
1 756
638
Staff expenses
−0
−1 046
−901
−608
EBITDA
−2
722
844
18
Depreciation & amort.
−0
−0
−0
−0
EBIT
−2
722
844
18
Net financials
−0
−1
−22
22
Profit before tax
−2
721
822
39
Tax
−0
157
181
9
Net profit
−2
564
641
31
Balance sheet
NOK thousands
Item
2021
2022
2023
2024
Total assets
301
1 087
1 030
152
Equity
23
30
30
61
Long-term debt
0
0
0
0
Short-term debt
278
1 057
1 000
92
Total debt
278
1 057
1 000
92
Financial ratios
5-year trend
EBITDA margin
2.8%
This company
15.8%
Market median
-82% vs market
2021
2024
Equity ratio
39.8%
This company
38.2%
Market median
+4% vs market
2021
2024
Return on equity
50.5%
This company
18.4%
Market median
+174% vs market
2021
2024
Net profit margin
4.8%
This company
8.1%
Market median
-41% vs market
2021
2024
Asset turnover
4.19×
This company
1.12×
Market median
+274% vs market
2021
2024
Debt / equity
1.51×
This company
0.62×
Market median
-144% vs market
2021
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
Management
Actively employed in the business
No data on file.
Board of directors
Non-executive oversight
Name
Role
Member since
Current (1)
SS
Simen Skogly Russnes
Chairman
2021
Shareholders
As of last annual report
Shareholder
Type
Ownership
Votes
Since
Fjordnes Holding As
Company
100%
100%
2022
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Company hierarchy
Fjordnes Holding As
MODULARITY AS
(this company)
Board network connections
Board members of MODULARITY AS also hold positions in
0
other companies.
Person
Role here
Other companies
Simen Skogly Russnes
Chairman
0 companies