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MODAL AS
AS
Active
Org 941190480
Møglestuveien 27, 4790 Lillesand
Rental and operating of own or leased real estate · NACE 6820
Est. 1986
0 employees
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Overview
Financials
People & ownership
Related companies
Revenue 2024
NOK 365K
-34% vs 2023
EBITDA margin
8.5%
-86% vs 2023
Equity ratio
21.9%
Financial strength
Net profit 2024
NOK -10K
-109% 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 365K
-34%
EBITDA
NOK 31K
-86%
Net profit
NOK -10K
-109%
Total assets
NOK 2,2M
+3%
Equity
NOK 471K
-2%
Employees
0
—
Company information
Legal name
MODAL AS
Org number
941190480
Legal form
Aksjeselskap
NACE code
6820 · Rental and operating of own or leased real estate
Founded
4. november 1986
Share capital
NOK 114 000
Employees
0
VAT registered
No
Audit selected
No
Last report
2024-12-31
Financial year
January – December
Signatory rights
Styrets leder og ett styremedlem i fellesskap.
Contact
Address
Møglestuveien 27, 4790 Lillesand
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Explore
Companies in Rental and operating of own or leased real estate
Companies in Lillesand
All Norway companies
Revenue
NOK millions
0M
0M
1M
1M
1M
0M
2020
0M
2021
0M
2022
1M
2023
0M
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
417
431
461
551
365
Staff expenses
−0
−0
−0
−0
−15
EBITDA
64
−28
240
222
31
Depreciation & amort.
−83
−75
−74
−64
−58
EBIT
−18
−102
166
158
−28
Net financials
0
0
−1
−1
14
Profit before tax
−18
−102
165
157
−13
Tax
−4
−23
36
41
−3
Net profit
−14
−80
129
116
−10
Balance sheet
NOK thousands
Item
2020
2021
2022
2023
2024
Total assets
1 771
1 870
1 877
2 092
2 151
Equity
563
483
518
481
471
Long-term debt
0
0
0
0
0
Short-term debt
1 208
1 387
1 359
1 610
1 680
Total debt
1 208
1 387
1 359
1 610
1 680
Financial ratios
5-year trend
EBITDA margin
8.5%
This company
15.8%
Market median
-46% vs market
2020
2024
Equity ratio
21.9%
This company
38.2%
Market median
-43% vs market
2020
2024
Return on equity
-2.2%
This company
18.4%
Market median
-112% vs market
2020
2024
Net profit margin
-2.8%
This company
8.1%
Market median
-135% vs market
2020
2024
Asset turnover
0.17×
This company
1.12×
Market median
-85% vs market
2020
2024
Debt / equity
3.57×
This company
0.62×
Market median
-476% 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)
AM
Alexander Modalen
Board of Directors
2014
LJ
Lars Jørgen Modalen
Chairman
2014
Shareholders
As of last annual report
Shareholder
Type
Ownership
Votes
Since
Larmo Holding As
Company
100%
100%
2024
Beneficial ownership (UBO) data access is restricted in Denmark as of September 2025 per the EU 6th AML Directive.
Learn more
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Company hierarchy
Larmo Holding As
MODAL AS
(this company)
Board network connections
Board members of MODAL AS also hold positions in
0
other companies.
Person
Role here
Other companies
Alexander Modalen
Board of Directors
0 companies
Lars Jørgen Modalen
Chairman
0 companies