Ing Pro AS
Score · fiscal year 2025
52of 100
How to read this: the company is ahead of 54 % of companies in the Morning class Small in the same sector in 2025. What does this mean?
Rank in the Morning class Small: 664 of 1,439 · What are Morning company classes?
Place in the whole sector: 1,901 of 4,183 · Teknisk tjenesteyting og forskning
Profile
Cheetah · Sprinter
High profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 95 and solidity 10 out of 100 among companies in the Morning class Small in the same sector in 2025. Methodology
Against the sector
Ing Pro AS is 1 points above the median for companies in the Morning class Small in the same sector in 2025.
Median score 51 among 1,439 companies.
Against companies in the Morning class Small in the same sector in 2025: operating margin 24.4% (median 5.6%) and equity ratio 6.4% (median 33.2%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 21 MNOK | 20 MNOK |
| Operating margin | 24.4% | 5.6% |
| Profit margin | 24.5% | 5.6% |
| Return on assets | 58.6% | 13.9% |
| Equity ratio | 6.4% | 33.2% |
| Debt-to-equity | 14.53 | 1.75 |
| Current ratio | 1.05 | 1.43 |
| Revenue growth | 61.9% | 8.5% |
| Revenue per employee | 2.29 MNOK | 1.64 MNOK |
The median and “ahead of” refer to companies in the Morning class Small in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 52, Ing Pro AS does better than 54% of companies in the Morning class Small in the same sector (1,439 companies) in 2025.
Score 2023–2025
- Ing Pro AS
- Median: companies in the Morning class Small in the same sector
Ing Pro AS has a score of 52 for 2025, rank 1,901 of 4,183 in the sector.
Strongest: Profitability: percentile 95 against peers, operating margin 24.4% against a median of 5.6%. Growth: percentile 90 against peers, revenue growth 61.9% against a median of 8.5%.
Weakest: Solidity: percentile 10 against peers, equity ratio 6.4% against a median of 33.2%. Liquidity: percentile 22 against peers, current ratio 1.05 against a median of 1.43.
Worth a closer look
- The equity ratio is very low. Could the company absorb a bad year, and does it need more equity? Based on: equity ratio 6.4% (median 33.2%).
- Strong growth with weak liquidity. Is the growth financed, or does it tie up capital the company does not have? Based on: revenue growth 61.9% (median 8.5%); current ratio 1.05 (median 1.43).
- What lies behind weak solidity, and will it last?
- The change in operating margin in 2025 was 13.3 percentage points better than for comparable companies: the company +14.1, the industry +0.8 points. That is the company's own, not something that hit the whole industry.
Written by fixed rules from the figures. Describes the figures, does not explain causes. Not investment or financial advice. How the summary is made
The industry or the company: what drove the result?
In 2025 the operating margin of Ing Pro AS rose by 14.1 percentage points. Comparable companies rose by a median 0.8 points. So the company did 13.3 points better than the industry, for reasons of its own.
Over 2 year-to-year changes Ing Pro AS moved the same way as comparable companies 1 times. About 8% of the changes in operating margin were common to the industry; the rest was the company's own.
| Year | The company | Comparable (median) | Change, company | Change, industry | The company's own |
|---|---|---|---|---|---|
| 2024 | 10.2% | 4.8% | +4.3 percentage points | −0.9 percentage points | +5.3 percentage points |
| 2025 | 24.4% | 5.6% | +14.1 percentage points | +0.8 percentage points | +13.3 percentage points |
Comparable companies are those in the same industry and Morning company class. Their change shows what hit the whole industry, the sector drivers below included. The rest is the company's own: contracts, costs, one-off items or operations. The share is approximate, and we claim no cause.
The company and its sector's drivers
Prices, rate and currency that shape the sector's year, year by year beside the operating margin of Ing Pro AS. The figures stand side by side; we claim no cause.
Turnover index: architectural and engineering activities (indeks (2021 = 100))
Turnover index: architectural and engineering activities rose 8.1% in 2025; the operating margin of Ing Pro AS rose 14.1 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Turnover index: architectural and engineering activities, annual average | 99.0 | 108.8 | 127.9 | 146.4 | 158.3 | 155.2 (so far) |
| Change from the year before | +9.8% | +9.9% | +17.5% | +14.5% | +8.1% | −1.9% |
| The company's operating margin | – | – | 5.9% | 10.2% | 24.4% | – |
Source: SSB (13863, CC BY 4.0). Source
Turnover index: advertising and market research (indeks (2021 = 100))
Turnover index: advertising and market research rose 3.6% in 2025; the operating margin of Ing Pro AS rose 14.1 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Turnover index: advertising and market research, annual average | 99.4 | 113.5 | 108.3 | 106.9 | 110.7 | 126.1 (so far) |
| Change from the year before | +35.1% | +14.2% | −4.6% | −1.3% | +3.6% | +13.9% |
| The company's operating margin | – | – | 5.9% | 10.2% | 24.4% | – |
Source: SSB (13863, CC BY 4.0). Source
Turnover index: other professional and technical activities (indeks (2021 = 100))
Turnover index: other professional and technical activities rose 6.2% in 2025; the operating margin of Ing Pro AS rose 14.1 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Turnover index: other professional and technical activities, annual average | 98.3 | 121.6 | 139.4 | 131.0 | 139.1 | 158.0 (so far) |
| Change from the year before | +29.9% | +23.7% | +14.6% | −6.0% | +6.2% | +13.6% |
| The company's operating margin | – | – | 5.9% | 10.2% | 24.4% | – |
Source: SSB (13863, CC BY 4.0). Source
Service prices: architects and engineering (indeks (2021 = 100))
Service prices: architects and engineering rose 3.2% in 2025; the operating margin of Ing Pro AS rose 14.1 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Service prices: architects and engineering, annual average | 100.0 | 103.6 | 107.5 | 111.2 | 114.7 | 119.4 (so far) |
| Change from the year before | +1.2% | +3.5% | +3.8% | +3.4% | +3.2% | +4.2% |
| The company's operating margin | – | – | 5.9% | 10.2% | 24.4% | – |
Source: SSB (14335, CC BY 4.0). Source
Oil price (export price of crude oil) (kr per fat)
Oil price (export price of crude oil) fell 17.6% in 2025; the operating margin of Ing Pro AS rose 14.1 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Oil price (export price of crude oil), annual average | 609 | 979 | 877 | 859 | 708 | 881 (so far) |
| Change from the year before | +61.1% | +60.8% | −10.5% | −2.0% | −17.6% | +24.5% |
| The company's operating margin | – | – | 5.9% | 10.2% | 24.4% | – |
Source: SSB (08799, CC BY 4.0). Source
Policy rate (prosent)
Policy rate fell 0.20 percentage points in 2025; the operating margin of Ing Pro AS rose 14.1 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Policy rate, annual average | 0.08 | 1.32 | 3.54 | 4.50 | 4.30 | 4.17 (so far) |
| Change from the year before | −0.28 percentage points | +1.24 percentage points | +2.22 percentage points | +0.96 percentage points | −0.20 percentage points | −0.12 percentage points |
| The company's operating margin | – | – | 5.9% | 10.2% | 24.4% | – |
Source: Norges Bank (IR, NLOD 2.0). Source
EUR/NOK (kr)
EUR/NOK rose 0.8% in 2025; the operating margin of Ing Pro AS rose 14.1 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| EUR/NOK, annual average | 10.16 | 10.10 | 11.42 | 11.62 | 11.72 | 11.04 (so far) |
| Change from the year before | −5.2% | −0.6% | +13.1% | +1.8% | +0.8% | −5.8% |
| The company's operating margin | – | – | 5.9% | 10.2% | 24.4% | – |
Source: Norges Bank (EXR, NLOD 2.0). Source
Wage index: architects and engineering (indeks)
Wage index: architects and engineering rose 4.7% in 2025; the operating margin of Ing Pro AS rose 14.1 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Wage index: architects and engineering, annual average | 90.5 | 90.9 | 96.0 | 100.9 | 105.6 | 109.2 (so far) |
| Change from the year before | +7.4% | +0.5% | +5.6% | +5.2% | +4.7% | +3.4% |
| The company's operating margin | – | – | 5.9% | 10.2% | 24.4% | – |
Source: SSB (12314, CC BY 4.0). Source
We show the drivers and the margin side by side and claim no cause. Sensitivity per company is not computed until we have at least 10 years of accounts per company: with three years such figures are false precision.
What the numbers say
Ing Pro AS had an operating margin of 24.4% and an equity ratio of 6.4% in 2025, and ranks 1,901 of 4,183 in Teknisk tjenesteyting og forskning.
From 2024 to 2025: the operating margin rose from 10.2% to 24.4% and revenue grew by 62%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 1 MNOK and 20 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 18.6 | 15 MNOK |
| EV/EBIT | 15.9 | 20 MNOK |
| P/B | 3.2 | 1 MNOK |
The listed basis is the value at listed multiples. The estimate is lowered by 51% for an unlisted company: 20% for lack of marketability and 38% for size (a small-company premium of 4% on the cost of equity).
A mechanical estimate from public accounts, not advice. A mechanical estimate from public accounts with listed multiples and fixed adjustments. Not a valuation and not advice to buy or sell. See the calculation
Worth a closer look
- watch
The equity ratio is very low. Could the company absorb a bad year, and does it need more equity?
Based on: Equity ratio 6.4% (median 33.2%).
- 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 61.9% (median 8.5%); Current ratio 1.05 (median 1.43).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 0.5% 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 2021, the sector's weakest year, for this company.
The sector's weakest year was 2021, with a median operating margin of −0.2%. Based on the 8 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 95 | weight 30% |
|---|---|---|
| Solidity | 10 | weight 25% |
| Liquidity | 22 | weight 15% |
| Growth | 90 | weight 15% |
| Consistency | 31 | weight 15% |
Durability: 48 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Ing Pro AS?
The operating margin was 24.4% in 2025, against a median of 5.6% among companies in the Morning class Small in the same sector. Return on assets was 58.6%.
How solid is Ing Pro AS?
The equity ratio was 6.4% in 2025 (median 33.2%). Debt-to-equity was 14.53 (median 1.75).
What is the liquidity of Ing Pro AS like?
The current ratio was 1.05 in 2025 (median 1.43).
How does Ing Pro AS compare in Teknisk tjenesteyting og forskning?
Ing Pro AS ranks 1,901 of 4,183 in Teknisk tjenesteyting og forskning for 2025. Among companies in the Morning class Small it is number 664 of 1,439. Revenue changed by 61.9% from the year before.
Group structure · 2025
81 companies in the group according to the shareholder register for 2025. A company counts as a subsidiary when a Norwegian company owns more than half of its shares.
No owner holds more than half of the shares in Ferd Holding AS.
Ferd Holding AS has not filed group accounts in open data, so the group has no index of its own. Each company has its own accounts.
-
Ferd Holding AS
-
Ferd AS
- Ferd Aibel Holding AS
- Ferd Lab Invest AS
- Flow US Holding AS
- Ferd GO Holding AS
- Ferd Mnemonic Holding AS
- AS Norse Crown Company LTD
- Chess Mates Capital AS
- Debattene om Norges Fremtid AS
-
Ferd Eiendom AS
- Storhove Næringsbygg AS
- Tiedemannsbyen Næring AS
- Bergerveien 12 AS
- Org. no. 924772360
- Org. no. 928005828
- Bråtejordet Tomteselskap AS
- FE Holding 20 AS
- FE Holding 21 AS
- FE Holding 22 AS
- FE Holding 23 AS
- Ferd Eiendomsinvest AS
- Gladengveien Utvikling AS
- Hamangskogen 10 AS
- and 11 more companies
- Ferd Fjord Line Holding AS
- and 7 more companies
-
The tree shows up to 4 levels below the top. Large groups have more companies than shown.
Read the figures with care: a company in a group can look strong because of group contributions, or weak because dividends go up to the parent. The figures are indications, not the full picture.
Source: the Norwegian Tax Administration's shareholder register 2025 (majority owner with more than 50 % of the shares). Voting agreements and ownership through other countries are not included.
From the Central Coordinating Register
- Org. no.
- 830785612
- Legal form
- AS
- Sector
- Teknisk tjenesteyting og forskning (71.110)
- Morning company class
- Small
- Employees
- 9 registered 10 September 2026
- Founded
- 3 January 2023 3 years in operation
- Share capital
- 0.51 MNOK
- Business address
- Heiamyrå 20, 4031 STAVANGER
- Municipality
- Stavanger rank 5 of 11 in KOSTRA group 12
- Latest accounts filed
- 2025
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.
Shareholders (2025)
- Number of shareholders
- 5 (one owner holds more than half)
- Largest owner
- 68.1% · top three 84.1%
- Split
- companies 92% · private persons 8% · foreign 0%
- Owned from the same municipality
- 90%
- Group chain
-
Owned by: Tretec Byggsystemer AS (68%)
Ultimate owner: Ferd Holding AS
The owner: the majority owner Tretec Byggsystemer AS (holds 68%) made a loss in 2025. A weak parent can affect the subsidiary through group contributions, loans and guarantees. It is an indication to watch, not an assessment of the company.
- Tretec Byggsystemer AS · 68.1%
- Heskestad Invest AS · 8.0%
- Roslandio Invest AS · 8.0%
- Laubuk Invest AS · 8.0%
- 1 private persons · 8.0%
The company is new in the shareholder register in 2025.
Source: the Norwegian Tax Administration's shareholder register as of 2025. Figures may be older than today's ownership. Private persons are not shown by name.
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 | 42 | 48 | 52 | |
| Rank | 2,517 | 2,273 | 1,901 | |
| Operating margin | 5.9% | 10.2% | 24.4% | |
| Return on assets | 11.2% | 28.8% | 58.6% | |
| Equity ratio | 33.3% | 11.6% | 6.4% | |
| Current ratio | 1.36 | 1.02 | 1.05 | |
| Revenue growth | – | 385.5% | 61.9% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 2.6 MNOK | 12.7 MNOK | 20.6 MNOK |
| Operating profit | 0.2 MNOK | 1.3 MNOK | 5.0 MNOK |
| Profit before tax | 0.2 MNOK | 1.3 MNOK | 5.0 MNOK |
| Tax expense | 0.0 MNOK | 0.3 MNOK | 1.1 MNOK |
| Net profit | 0.1 MNOK | 1.0 MNOK | 3.9 MNOK |
| Financial expenses | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Total assets | 1.4 MNOK | 4.5 MNOK | 8.7 MNOK |
| Current assets | 1.3 MNOK | 4.1 MNOK | 8.5 MNOK |
| Equity | 0.5 MNOK | 0.5 MNOK | 0.6 MNOK |
| Retained earnings | 0.1 MNOK | 0.0 MNOK | 0.0 MNOK |
| Total liabilities | 0.9 MNOK | 4.0 MNOK | 8.1 MNOK |
| Current liabilities | 0.9 MNOK | 4.0 MNOK | 8.1 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 30 October 2026, accounts id 7080646.
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