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NOREX AS
AS
Active
Org 961574854
Fekjan 7, 1378 Nesbru
Wholesale of mining, construction and civil engineering machinery · NACE 4663
Est. 1991
3 employees
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Overview
Financials
People & ownership
Related companies
Revenue 2025
NOK 23M
-15% vs 2024
EBITDA margin
9.4%
-25% vs 2024
Equity ratio
34.6%
Financial strength
Net profit 2025
NOK 1,7M
-26% vs 2024
EBITDA — year on year
NOK millions
4M
3M
1M
0M
-1M
-1M
2021
2M
+300%
2022
2M
0%
2023
3M
+50%
2024
2M
-33%
2025
Key figures
Annual report 2025
Revenue
NOK 23M
-15%
EBITDA
NOK 2,2M
-25%
Net profit
NOK 1,7M
-26%
Total assets
NOK 9,2M
-13%
Equity
NOK 3,2M
+5%
Employees
3
—
Company information
Legal name
NOREX AS
Org number
961574854
Legal form
Aksjeselskap
NACE code
4663 · Wholesale of mining, construction and civil engineering machinery
Founded
29. august 1991
Share capital
—
Employees
3 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2025-12-31
Financial year
January – December
Contact
Address
Fekjan 7, 1378 Nesbru
Phone
+4766774380
Email
info@norex.no
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Companies in Wholesale of mining, construction and civil engineering machinery
Companies in Asker
All Norway companies
Revenue
NOK millions
0M
8M
16M
23M
31M
15M
2021
19M
2022
21M
2023
27M
2024
23M
2025
EBITDA
NOK millions
0M
1M
2M
3M
3M
-1M
2021
2M
2022
2M
2023
3M
2024
2M
2025
Income statement
NOK thousands
Item
2021
2022
2023
2024
2025
Revenue
15 153
18 831
20 651
26 955
23 019
Staff expenses
−5 095
−0
−0
−6 331
−6 482
EBITDA
−509
2 149
2 181
2 897
2 162
Depreciation & amort.
−0
−0
−0
−5
−14
EBIT
−509
2 149
2 181
2 892
2 148
Net financials
10
9
0
−4
−15
Profit before tax
−499
2 157
2 182
2 888
2 133
Tax
−109
−0
−0
648
481
Net profit
−391
1 682
1 692
2 240
1 652
Balance sheet
NOK thousands
Item
2021
2022
2023
2024
2025
Total assets
4 550
6 800
7 870
10 516
9 180
Equity
1 914
2 597
3 288
3 028
3 180
Long-term debt
0
0
0
1
0
Short-term debt
2 636
4 204
4 581
7 487
6 000
Total debt
2 636
4 204
4 581
7 487
6 000
Financial ratios
5-year trend
EBITDA margin
9.4%
This company
15.8%
Market median
-41% vs market
2021
2025
Equity ratio
34.6%
This company
38.2%
Market median
+9% vs market
2021
2025
Return on equity
51.9%
This company
18.4%
Market median
+182% vs market
2021
2025
Net profit margin
7.2%
This company
8.1%
Market median
-11% vs market
2021
2025
Asset turnover
2.51×
This company
1.12×
Market median
+124% vs market
2021
2025
Debt / equity
1.89×
This company
0.62×
Market median
-205% vs 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
Management
Actively employed in the business
No data on file.
Board of directors
Non-executive oversight
Name
Role
Member since
Current (3)
TO
Thomas Ottmann
Chairman
2015
AR
Alexis Reynald Hubert
Board of Directors
2015
PI
Pål Idar Sørensen
Board of Directors
2026
Shareholders
As of last annual report
Shareholder
Type
Ownership
Votes
Since
Cooper Crouse-Hinds As
Company
50%
50%
2024
Einar Sveinsøn Huse
Individual
10%
10%
2024
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Company hierarchy
No registered parent or subsidiaries
Board network connections
Board members of NOREX AS also hold positions in
0
other companies.
Person
Role here
Other companies
Thomas Ottmann
Chairman
0 companies
Alexis Reynald Hubert
Board of Directors
0 companies
Pål Idar Sørensen
Board of Directors
0 companies