FLEXTOOLS AS
Flextools - grow revenues from batteries, wind, and flexible assets
Flextools is the leading Nordic provider of software and hardware for businesses to grow revenues from flexible energy assets like batteries, wind, solar, and others. We have market integrations and turnkey solutions for all major Nordic flexibility markets.
Organization
- CEO
- Chairman of the board
- SF
- Years since formation
- 10 years
- since Jun 9, 2015
- Type
- Limited company
- VAT registered
- Yes
- Number of employees
- 12
Ownership
- Number of shares and share classes
- 411,472
- 1 share class
- Total number of shareholders
- 1
- person
Financials
- Total operating income 2024
- 15,902,090
- NOK
- Annual total result 2024
- -26,691,059
- NOK
- Total equity 2024
- 10,157,025
- NOK
Last update: Sep 22, 2025
Management
Management / administration
| Name | Role | Shares |
|---|---|---|
| Managing Director/CEO | - |
Board
| Name | Role | Shares |
|---|---|---|
SF | Chairman | - |
Others
| Name | Role | Shares |
|---|---|---|
| Auditor | - | |
| Accountant | - | |
| Accountant | - |
Last update: Jun 10, 2025
Ownership
Company shareholders
| Name | Share class | Total number of shares | Share |
|---|---|---|---|
| Ordinary shares | 411,472 | 100 % |
Last update: Jun 2, 2025
Financials
in NOK
Summary
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total operating income | 15,902,090 | 16,663,230 | 13,616,183 | 5,059,380 |
Annual Total Result | -26,691,059 | -12,619,828 | -6,878,085 | -8,460,908 |
Total assets | 16,750,212 | 57,309,936 | 40,618,668 | 38,713,909 |
Total liabilities | 6,593,187 | 45,961,852 | 31,650,756 | 27,867,913 |
Total equity | 10,157,025 | 11,348,084 | 8,967,912 | 10,845,997 |
P&L
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total operating income | 15,902,090 | 16,663,230 | 13,616,183 | 5,059,380 |
Total operating costs | 41,592,593 | 31,617,725 | 21,914,711 | 15,549,474 |
Operating result | -25,690,504 | -14,954,494 | -8,298,528 | -10,490,093 |
Financial income/costs | -1,002,246 | -1,303,217 | -598,150 | -435,832 |
Profit before tax | -26,692,749 | -16,257,711 | -8,896,678 | -10,925,926 |
Total tax & extraordinary income/cost | -1,690 | -3,637,883 | -2,018,593 | -2,465,018 |
Annual Total Result | -26,691,059 | -12,619,828 | -6,878,085 | -8,460,908 |
Balance overview
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total fixed assets | 10,282,292 | 18,204,142 | 21,818,446 | 25,415,013 |
Total current assets | 6,467,919 | 39,105,795 | 18,800,222 | 13,298,896 |
Total assets | 16,750,212 | 57,309,936 | 40,618,668 | 38,713,909 |
Short term debt | 4,294,981 | 40,151,867 | 25,836,361 | 25,914,056 |
Long term debt | 2,298,206 | 5,809,985 | 5,814,395 | 1,953,857 |
Total liabilities | 6,593,187 | 45,961,852 | 31,650,756 | 27,867,913 |
Contributed capital | 36,848,084 | 11,348,084 | 8,967,912 | 10,845,997 |
Retained earnings | -26,691,059 | 0 | 0 | 0 |
Total equity | 10,157,025 | 11,348,084 | 8,967,912 | 10,845,997 |
Total equity and liabilities | 16,750,212 | 57,309,936 | 40,618,668 | 38,713,909 |
Classification
Type of organization
Limited company
Classification of institutional sector
INNL
Domestic sectors
A_IKKE-FIN
Non-financial corporations
2100
Private non-financial incorporated enterprises