Improbus AS

Org. no. 911688689 · Bergen · Founded 2013

Score · fiscal year 2025

77of 100

How to read this: the company is ahead of 94 % of companies in the Morning class Micro in the same sector in 2025. What does this mean?

Rank in the Morning class Micro: 49 of 858 · What are Morning company classes?
Place in the whole sector: 121 of 1,891 · Undervisning

Profile

Lion · Leader

High profitability, high solidity

Position against comparable companies in 2025, not a verdict on the company. Based on profitability 97 and solidity 83 out of 100 among companies in the Morning class Micro in the same sector in 2025. Methodology

Against the sector

Improbus AS is 27 points above the median for companies in the Morning class Micro in the same sector in 2025.

Median score 50 among 858 companies.

Against companies in the Morning class Micro in the same sector in 2025: operating margin 86.6% (median 3.0%) and equity ratio 66.9% (median 31.1%).

Source: Register of Company Accounts and Central Coordinating RegisterFetched 30 October 2026Report an issue
Key figures · 2025

The numbers behind the score

The numbers behind the score · 2025
MeasureCompanyMedianAhead of
Operating revenue2 MNOK5 MNOK
Operating margin 86.6% 3.0% 100 %
Profit margin 86.7% 2.8% shown, not part of the index
Return on assets 54.1% 7.6% 94 %
Equity ratio 66.9% 31.1% 85 %
Debt-to-equity 0.50 1.50 81 %
Current ratio 5.07 1.35 94 %
Revenue growth −4.7% 4.9% 22 %

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 77, Improbus AS does better than 94% of companies in the Morning class Micro in the same sector (858 companies) in 2025.

Over time

Score 2023–2025

CompanyMedian0255075100202320242025
  • Improbus AS
  • Median: companies in the Morning class Micro in the same sector
Summary analysis

Improbus AS has a score of 77 for 2025, rank 121 of 1,891 in the sector.

Strongest: Profitability: percentile 97 against peers, operating margin 86.6% against a median of 3.0%. Liquidity: percentile 94 against peers, current ratio 5.07 against a median of 1.35.

Weakest: Growth: percentile 22 against peers, revenue growth −4.7% against a median of 4.9%.

Worth a closer look

Written by fixed rules from the figures. Describes the figures, does not explain causes. Not investment or financial advice. How the summary is made

Analysis · 2025

What the numbers say

Improbus AS had an operating margin of 86.6% and an equity ratio of 66.9% in 2025, and ranks 121 of 1,891 in Undervisning.

From 2024 to 2025: the operating margin rose from 16.8% to 86.6% and the equity ratio rose from 32.4% to 66.9%.

This text is generated automatically from the 2025 accounts.

Estimated value · 2025

Three simple methods

The methods give between 2 MNOK and 14 MNOK.

MethodInputMultipleEstimate
P/E Net profit: 1.1 MNOK 10.0 11 MNOK
EV/EBIT Operating profit: 1.6 MNOK
minus net debt −1.4 MNOK
8.0 14 MNOK
P/B Equity: 1.9 MNOK 1.0 2 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

Indications · 2025

Worth a closer look

  • positive

    Upper quartile on profitability, solidity and liquidity. What sets this company apart from the rest of the sector?

    Based on: Operating margin 86.6% (median 3.0%); Equity ratio 66.9% (median 31.1%); Current ratio 5.07 (median 1.35).

Indications based on the latest annual accounts from open data. Not investment or financial advice.

Financial costs were 0.1% 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.

Stress test · 2021

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 −5.7%. Based on the 8 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology

Components · 2025

What the score is made of

Profitability97 weight 30%
Solidity83 weight 25%
Liquidity94 weight 15%
Growth22 weight 15%
Consistency66 weight 15%

Durability: 74 (average over 3 years)

Index version 2. Data completeness 100%: the share of the weights that had data.

2025

Questions and answers

How profitable is Improbus AS?

The operating margin was 86.6% in 2025, against a median of 3.0% among companies in the Morning class Micro in the same sector. Return on assets was 54.1%.

How solid is Improbus AS?

The equity ratio was 66.9% in 2025 (median 31.1%). Debt-to-equity was 0.50 (median 1.50).

What is the liquidity of Improbus AS like?

The current ratio was 5.07 in 2025 (median 1.35).

How does Improbus AS compare in Undervisning?

Improbus AS ranks 121 of 1,891 in Undervisning for 2025. Among companies in the Morning class Micro it is number 49 of 858. Revenue changed by −4.7% from the year before.

From the Central Coordinating Register

Org. no.
911688689
Legal form
AS
Sector
Undervisning (85.597)
Morning company class
Micro
Employees
0–4 (not registered)
Founded
1 January 2013 13 years in operation
Share capital
0.10 MNOK
Business address
Sandeidbrotet 40, 5141 FYLLINGSDALEN (BERGEN)
Municipality
Bergen rank 8 of 11 in KOSTRA group 12
Audit
Audit opted out from 12 March 2013
Latest accounts filed
2025
Website
www.improbus.com

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 0% · private persons 100% · foreign 0%
Owned from the same municipality
100%
Group chain
Ultimate owner: private person

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.

Report an issue

Figures last fetched 30 October 2026.

Details

Year by year · 2023–2025

Key figure202320242025Trend
Index756977
Rank310376121
Operating margin51.8%16.8%86.6%
Return on assets40.2%11.7%54.1%
Equity ratio31.1%32.4%66.9%
Current ratio6.892.535.07
Revenue growth–19.5%−4.7%

Accounts

From the Brønnøysund Register Centre, in the company's reporting currency (NOK).

Key figure202320242025
Operating revenue1.6 MNOK1.9 MNOK1.8 MNOK
Operating profit0.8 MNOK0.3 MNOK1.6 MNOK
Profit before tax0.8 MNOK0.3 MNOK1.6 MNOK
Tax expense–––
Net profit0.6 MNOK0.2 MNOK1.1 MNOK
Financial expenses0.0 MNOK0.0 MNOK0.0 MNOK
Total assets2.1 MNOK2.7 MNOK2.9 MNOK
Current assets1.5 MNOK2.5 MNOK1.9 MNOK
Equity0.6 MNOK0.9 MNOK1.9 MNOK
Retained earnings0.5 MNOK0.8 MNOK1.8 MNOK
Total liabilities1.4 MNOK1.8 MNOK1.0 MNOK
Current liabilities0.2 MNOK1.0 MNOK0.4 MNOK

Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 30 October 2026, accounts id 6519483.