Panzer Norge AS
Score · fiscal year 2025
33of 100
How to read this: the company is ahead of 19 % of companies in the Morning class Micro in the same sector in 2025. What does this mean?
Rank in the Morning class Micro: 956 of 1,180 · What are Morning company classes?
Place in the whole sector: 1,270 of 1,548 · Revisjon, regnskap og rådgivning
Profile
Beaver · Builder
Lower profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 22 and solidity 18 out of 100 among companies in the Morning class Micro in the same sector in 2025. Methodology
Against the sector
Panzer Norge AS is 17 points below the median for companies in the Morning class Micro in the same sector in 2025.
Median score 50 among 1,180 companies.
Against companies in the Morning class Micro in the same sector in 2025: operating margin 0.6% (median 10.0%) and equity ratio 14.9% (median 46.0%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 8 MNOK | 3 MNOK |
| Operating margin | 0.6% | 10.0% |
| Profit margin | 0.5% | 10.8% |
| Return on assets | 3.2% | 17.5% |
| Equity ratio | 14.9% | 46.0% |
| Debt-to-equity | 5.71 | 0.99 |
| Current ratio | 1.07 | 1.71 |
| Revenue growth | 24.8% | 5.0% |
The median and “ahead of” refer to companies in the Morning class Micro in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 33, Panzer Norge AS does better than 19% of companies in the Morning class Micro in the same sector (1,180 companies) in 2025.
Score 2023–2025
- Panzer Norge AS
- Median: companies in the Morning class Micro in the same sector
Panzer Norge AS has a score of 33 for 2025, rank 1,270 of 1,548 in the sector.
Strongest: Growth: percentile 75 against peers, revenue growth 24.8% against a median of 5.0%.
Weakest: Solidity: percentile 18 against peers, equity ratio 14.9% against a median of 46.0%. Liquidity: percentile 21 against peers, current ratio 1.07 against a median of 1.71.
Worth a closer look
- The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors? Based on: operating margin 0.6% (median 10.0%).
- Strong growth with weak liquidity. Is the growth financed, or does it tie up capital the company does not have? Based on: revenue growth 24.8% (median 5.0%); current ratio 1.07 (median 1.71).
- What lies behind weak solidity, and will it last?
Written by fixed rules from the figures. Describes the figures, does not explain causes. Not investment or financial advice. How the summary is made
What the numbers say
Panzer Norge AS had an operating margin of 0.6% and an equity ratio of 14.9% in 2025, and ranks 1,270 of 1,548 in Revisjon, regnskap og rådgivning.
From 2024 to 2025: revenue grew by 25% and the equity ratio fell from 21.0% to 14.9%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 0 MNOK and 1 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 0 MNOK |
| EV/EBIT | 8.0 | 1 MNOK |
| P/B | 1.0 | 0 MNOK |
A mechanical estimate from public accounts, not advice. Mechanical estimate from public accounts with fixed multiples. Not a valuation and not advice to buy or sell. The multiples are provisional default values and must be adjusted per sector before the figures are used for anything. See the calculation
Worth a closer look
- watch
The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors?
Based on: Operating margin 0.6% (median 10.0%).
- watch
Strong growth with weak liquidity. Is the growth financed, or does it tie up capital the company does not have?
Based on: Revenue growth 24.8% (median 5.0%); Current ratio 1.07 (median 1.71).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 1.2% of the debt in 2025. The policy rate averaged 4.30 % the same year. This is a plain description of what the debt cost, not a model of interest sensitivity.
See interest rates, prices and exchange rates for the sector
Data quality
No anomalies found in the figures.
Scenario analysis: the sector's weakest year
We have no accounts for 2026, the sector's weakest year, for this company.
The sector's weakest year was 2026, with a median operating margin of 5.4%. Based on the 7 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 22 | weight 30% |
|---|---|---|
| Solidity | 18 | weight 25% |
| Liquidity | 21 | weight 15% |
| Growth | 75 | weight 15% |
| Consistency | 48 | weight 15% |
Durability: 33 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Panzer Norge AS?
The operating margin was 0.6% in 2025, against a median of 10.0% among companies in the Morning class Micro in the same sector. Return on assets was 3.2%.
How solid is Panzer Norge AS?
The equity ratio was 14.9% in 2025 (median 46.0%). Debt-to-equity was 5.71 (median 0.99).
What is the liquidity of Panzer Norge AS like?
The current ratio was 1.07 in 2025 (median 1.71).
How does Panzer Norge AS compare in Revisjon, regnskap og rådgivning?
Panzer Norge AS ranks 1,270 of 1,548 in Revisjon, regnskap og rådgivning for 2025. Among companies in the Morning class Micro it is number 956 of 1,180. Revenue changed by 24.8% from the year before.
From the Central Coordinating Register
- Org. no.
- 820771982
- Legal form
- AS
- Sector
- Revisjon, regnskap og rådgivning (69.202)
- Morning company class
- Micro
- Employees
- 0–4 (not registered)
- Founded
- 10 April 2018 8 years in operation
- Share capital
- 0.19 MNOK
- Business address
- Altaveien 95, 9513 ALTA
- Municipality
- Alta rank 5–23 of 27 in KOSTRA group 9
- Latest accounts filed
- 2025
- Website
- www.panzer.no
Source: Central Coordinating Register, Brønnøysund Register Centre. The employee count is reported by the company and may be older than the accounts. See the company at the Brønnøysund Register Centre
Ownership and roles
Loading roles …
Source: Central Coordinating Register, fetched 1 November 2026. Only names are shown.
Owners and shareholdings will appear here once the shareholder data extract is in place.
Coming · not built yet
Error in the data?
Do you see an error in the figures or in how the company is mapped (sector, holding, group)? Let us know. Corrections require documentation.
Figures last fetched 30 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 34 | 31 | 33 | |
| Rank | 1,148 | 1,318 | 1,270 | |
| Operating margin | 7.4% | 0.1% | 0.6% | |
| Return on assets | 36.9% | 1.3% | 3.2% | |
| Equity ratio | 19.8% | 21.0% | 14.9% | |
| Current ratio | 1.10 | 1.04 | 1.07 | |
| Revenue growth | – | 8.9% | 24.8% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 5.7 MNOK | 6.2 MNOK | 7.7 MNOK |
| Operating profit | 0.4 MNOK | 0.0 MNOK | 0.0 MNOK |
| Profit before tax | 0.4 MNOK | 0.0 MNOK | 0.0 MNOK |
| Net profit | 0.3 MNOK | 0.0 MNOK | 0.0 MNOK |
| Financial expenses | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Total assets | 1.1 MNOK | 1.0 MNOK | 1.6 MNOK |
| Current assets | 1.0 MNOK | 0.8 MNOK | 1.4 MNOK |
| Equity | 0.2 MNOK | 0.2 MNOK | 0.2 MNOK |
| Retained earnings | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Total liabilities | 0.9 MNOK | 0.8 MNOK | 1.3 MNOK |
| Current liabilities | 0.9 MNOK | 0.8 MNOK | 1.3 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 30 October 2026, accounts id 6896158.
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