Prodev AS
Score · fiscal year 2024
28of 100
How to read this: the company is ahead of 11 % of companies in the Morning class Micro in the same sector in 2024. What does this mean?
Rank in the Morning class Micro: 5,075 of 5,702 · What are Morning company classes?
Place in the whole sector: 6,830 of 7,615 · Eiendom
Profile
Beaver · Builder
Lower profitability, lower solidity
Position against comparable companies in 2024, not a verdict on the company. Based on profitability 12 and solidity 17 out of 100 among companies in the Morning class Micro in the same sector in 2024. Methodology
Against the sector
Prodev AS is 22 points below the median for companies in the Morning class Micro in the same sector in 2024.
Median score 50 among 5,702 companies.
Against companies in the Morning class Micro in the same sector in 2024: operating margin −15.1% (median 45.7%) and equity ratio 5.8% (median 25.9%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 1 MNOK | 2 MNOK |
| Operating margin | −15.1% | 45.7% |
| Profit margin | −165.5% | 18.8% |
| Return on assets | 1.6% | 7.5% |
| Equity ratio | 5.8% | 25.9% |
| Debt-to-equity | 16.10 | 2.29 |
| Current ratio | 0.42 | 1.37 |
| Revenue growth | 1,267.3% | 4.8% |
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 28, Prodev AS does better than 11% of companies in the Morning class Micro in the same sector (5,702 companies) in 2024.
Score 2023–2025
- Prodev AS
- Median: companies in the Morning class Micro in the same sector
What the numbers say
Prodev AS had an operating margin of −15.1% and an equity ratio of 5.8% in 2024, and ranks 6,830 of 7,615 in Eiendom.
From 2023 to 2024: the operating margin rose from −2,385.0% to −15.1% and revenue grew by 1,267%.
This text is generated automatically from the 2024 accounts.
Three simple methods
One method gives a figure: 3 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | 3 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
- critical
Consider strengthening liquidity: current liabilities are 2.4 times current assets.
Based on: Current ratio 0.42 (median 1.37).
- watch
The equity ratio is very low. Could the company absorb a bad year, and does it need more equity?
Based on: Equity ratio 5.8% (median 25.9%).
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −165.5% (median 18.8%).
- 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 −15.1% (median 45.7%).
- 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 1,267.3% (median 4.8%); Current ratio 0.42 (median 1.37).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 5.8% 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 2022, the sector's weakest year, for this company.
The sector's weakest year was 2022, with a median operating margin of 23.4%. Based on the 9 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 12 | weight 30% |
|---|---|---|
| Solidity | 17 | weight 25% |
| Liquidity | 22 | weight 15% |
| Growth | 99 | weight 15% |
| Consistency | 15 | weight 15% |
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Prodev AS?
The operating margin was −15.1% in 2024, against a median of 45.7% among companies in the Morning class Micro in the same sector. Return on assets was 1.6%. The company made a loss before tax.
How solid is Prodev AS?
The equity ratio was 5.8% in 2024 (median 25.9%). Debt-to-equity was 16.10 (median 2.29).
What is the liquidity of Prodev AS like?
The current ratio was 0.42 in 2024 (median 1.37). Current assets did not cover current liabilities.
How does Prodev AS compare in Eiendom?
Prodev AS ranks 6,830 of 7,615 in Eiendom for 2024. Among companies in the Morning class Micro it is number 5,075 of 5,702. Revenue changed by 1,267.3% from the year before.
From the Central Coordinating Register
- Org. no.
- 911915596
- Legal form
- AS
- Sector
- Eiendom (68.200)
- Morning company class
- Micro
- Employees
- 0–4 (not registered)
- Founded
- 23 April 2013 13 years in operation
- Share capital
- 3.90 MNOK
- Business address
- Sogstikollen 27B, 1446 DRØBAK (FROGN)
- Municipality
- Frogn rank 5–14 of 38 in KOSTRA group 7
- 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
- 2 (one owner holds more than half)
- Largest owner
- 62.5%
- Split
- companies 100% · private persons 0% · foreign 0%
- Owned from the same municipality
- 62%
- Group chain
-
Owned by: Duo 2 AS (62%)
Ultimate owner: First Partners Holding 4 AS
The owner: the majority owner Duo 2 AS (holds 62%) 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.
- Duo 2 AS · 62.5%
- Oleimset AS · 37.5%
The company is new in the shareholder register in 2025.
Majority owner of: Gulliksbakken AS (100%)
Holds shares in: Museumsveien 7 AS (50%), Gulliksbakken AS (100%), Osl 37 AS (50%)
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 | – | 28 | 23 | |
| Rank | – | 6,830 | 7,420 | |
| Operating margin | −2,385.0% | −15.1% | −19.7% | |
| Return on assets | −3.0% | 1.6% | 1.0% | |
| Equity ratio | 9.6% | 5.8% | 1.2% | |
| Current ratio | 0.58 | 0.42 | 0.64 | |
| Revenue growth | – | 1,267.3% | 23.0% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 0.1 MNOK | 1.2 MNOK | 1.4 MNOK |
| Operating profit | −2.0 MNOK | −0.2 MNOK | −0.3 MNOK |
| Profit before tax | −3.4 MNOK | −1.9 MNOK | −2.4 MNOK |
| Tax expense | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Net profit | −3.4 MNOK | −1.9 MNOK | −2.4 MNOK |
| Financial expenses | 1.9 MNOK | 2.7 MNOK | 2.9 MNOK |
| Total assets | 50.7 MNOK | 50.3 MNOK | 46.5 MNOK |
| Current assets | 6.3 MNOK | 5.2 MNOK | 9.7 MNOK |
| Equity | 4.9 MNOK | 2.9 MNOK | 0.5 MNOK |
| Retained earnings | 1.0 MNOK | −1.0 MNOK | −3.4 MNOK |
| Total liabilities | 45.8 MNOK | 47.3 MNOK | 45.9 MNOK |
| Current liabilities | 10.8 MNOK | 12.3 MNOK | 15.1 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 30 October 2026, accounts id 5953283.
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