Progressio Eiendom AS
Score · fiscal year 2024
71of 100
How to read this: the company is ahead of 87 % of companies in the Morning class Micro in the same sector in 2024. What does this mean?
Rank in the Morning class Micro: 441 of 3,308 · What are Morning company classes?
Place in the whole sector: 666 of 5,456 · Teknisk tjenesteyting og forskning
Profile
Lion · Leader
High profitability, high resilience
Position against comparable companies in 2024, not a verdict on the company. Based on profitability 72 and resilience 74 out of 100 among companies in the Morning class Micro in the same sector in 2024. Methodology
Against the sector
Progressio Eiendom AS is 21 points above the median for companies in the Morning class Micro in the same sector in 2024.
Median score 50 among 3,307 companies.
Against companies in the Morning class Micro in the same sector in 2024: operating margin 66.0% (median 5.7%) and equity ratio 73.0% (median 41.7%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 1 MNOK | 3 MNOK |
| Operating margin | 66.0% | 5.7% |
| Profit margin | 69.9% | 5.5% |
| Return on assets | 9.3% | 11.5% |
| Equity ratio | 73.0% | 41.7% |
| Debt-to-equity | 0.37 | 1.07 |
| Current ratio | 1.82 | 1.63 |
| Revenue growth | 3.3% | 6.2% |
The median and “ahead of” refer to companies in the Morning class Micro in the same sector in 2024. The bar shows the share of companies the figure is ahead of.
With an index of 71, Progressio Eiendom AS does better than 87% of companies in the Morning class Micro in the same sector (3,308 companies) in 2024.
Score 2023–2025
- Progressio Eiendom AS
- Median: companies in the Morning class Micro in the same sector
What the numbers say
Progressio Eiendom AS had an operating margin of 66.0% and an equity ratio of 73.0% in 2024, and ranks 666 of 5,456 in Teknisk tjenesteyting og forskning.
From 2023 to 2024: the operating margin rose from 48.8% to 66.0% and the equity ratio rose from 67.2% to 73.0%.
This text is generated automatically from the 2024 accounts.
Three simple methods
The methods give between 9 MNOK and 19 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 22.4 | 9 MNOK |
| EV/EBIT | 17.4 | 9 MNOK |
| P/B | 4.1 | 19 MNOK |
| EV/EBIT: from enterprise value to equity | NOK |
|---|---|
| Enterprise value (EV) at the listed multiple | 13 MNOK |
| Enterprise value after the size adjustment | 8 MNOK |
| Less net debt (rough figure) | −1 MNOK |
| Equity value | 9 MNOK |
Net debt is a rough figure: long-term liabilities minus cash. The accounts do not split interest-bearing debt from other liabilities, and short-term borrowings are not included. The size adjustment applies to the enterprise value, not to the debt.
The listed basis is the value at listed multiples. The estimate is lowered for size: a small-company premium of 4% on the cost of equity gives a value 38% lower. No separate marketability discount is applied, because the premium already allows for the company being small and unlisted.
The multiples are from the listed industry that matches the NACE code (73): Business & Consumer Services.
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
No rules were triggered for this year.
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 1.8% of the debt in 2024. The policy rate averaged 4.50 % 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 | 72 | weight 40% |
|---|---|---|
| Solidity | 80 | weight 20% |
| Liquidity | 56 | weight 5% |
| Growth | 65 | weight 25% |
| Consistency | 72 | weight 10% |
Three goals: profitability 40%, growth 25%, resilience 35%. Why these weights?
Durability: 70 (average over 2 years)
Index version 3. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Progressio Eiendom AS?
The operating margin was 66.0% in 2024, against a median of 5.7% among companies in the Morning class Micro in the same sector. Return on assets was 9.3%.
How solid is Progressio Eiendom AS?
The equity ratio was 73.0% in 2024 (median 41.7%). Debt-to-equity was 0.37 (median 1.07).
What is the liquidity of Progressio Eiendom AS like?
The current ratio was 1.82 in 2024 (median 1.63).
How does Progressio Eiendom AS compare in Teknisk tjenesteyting og forskning?
Progressio Eiendom AS ranks 666 of 5,456 in Teknisk tjenesteyting og forskning for 2024. Among companies in the Morning class Micro it is number 441 of 3,308. Revenue changed by 3.3% from the year before.
Group structure · 2025
3 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.
Private persons own 100% of the shares in Camah Invest AS. Persons are not shown by name.
Camah Invest AS has not filed group accounts in open data, so the group has no index of its own. Each company has its own accounts.
The group in figures
- Sectors
- Teknisk tjenesteyting og forskning (2 companies) 2 of 3 companies in the tree have accounts with us. Sectors are sorted by the companies' own revenue, which includes sales between the group's companies.
-
Camah Invest AS
- Progressio Eiendom AS you are here
- Selektiv Markedsføring AS
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.
- 879347432
- Legal form
- AS
- Sector
- Teknisk tjenesteyting og forskning (73.110)
- Morning company class
- Micro
- Employees
- 0–4 (not registered)
- Founded
- 12 September 1997 29 years in operation
- Share capital
- 1.10 MNOK
- Business address
- c/o Helge Hallingby, Venåsveien 2, 4985 VEGÅRSHEI
- Municipality
- Vegårshei rank 10–21 of 39 in KOSTRA group 4
- Audit
- Audit opted out from 26 November 2011
- 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 2 November 2026. Only names are shown.
Shareholders (2025)
- Number of shareholders
- 1 (one owner)
- Largest owner
- 100.0%
- Split
- companies 100% · private persons 0% · foreign 0%
- Owned from the same municipality
- 100%
- Group chain
-
Owned by: Camah Invest AS (100%)
Ultimate owner: private person
- Camah Invest AS · 100.0%
Change 2007–2025:
60% of the shares changed owner (0 new and 2 departed owners). The majority owner changed.
Departed (companies): Lindal Gruppen AS, Silverfox AS
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.
Is this your company? Suggest changes or add information
Figures last fetched 30 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 69 | 71 | 64 | |
| Rank | 1,132 | 666 | 1,322 | |
| Operating margin | 48.8% | 66.0% | 55.4% | |
| Return on assets | 6.7% | 9.3% | 8.0% | |
| Equity ratio | 67.2% | 73.0% | 78.3% | |
| Current ratio | 1.38 | 1.82 | 2.44 | |
| Revenue growth | – | 3.3% | 2.3% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 1.3 MNOK | 1.3 MNOK | 1.4 MNOK |
| Operating profit | 0.6 MNOK | 0.9 MNOK | 0.8 MNOK |
| Profit before tax | 0.7 MNOK | 0.9 MNOK | 0.8 MNOK |
| Tax expense | 0.1 MNOK | 0.2 MNOK | 0.2 MNOK |
| Net profit | 0.5 MNOK | 0.7 MNOK | 0.6 MNOK |
| Financial expenses | 0.0 MNOK | 0.1 MNOK | 0.1 MNOK |
| Total assets | 10.4 MNOK | 10.6 MNOK | 10.6 MNOK |
| Current assets | 2.4 MNOK | 2.6 MNOK | 2.7 MNOK |
| Equity | 7.0 MNOK | 7.7 MNOK | 8.3 MNOK |
| Retained earnings | 5.9 MNOK | 6.6 MNOK | 7.2 MNOK |
| Total liabilities | 3.4 MNOK | 2.9 MNOK | 2.3 MNOK |
| Current liabilities | 1.8 MNOK | 1.4 MNOK | 1.1 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 30 October 2026, accounts id 5455861.
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