PANCOM AS
Score · fiscal year 2024
38of 100
How to read this: the company is ahead of 30 % of companies in the Morning class Micro in the same sector in 2024. What does this mean?
Rank in the Morning class Micro: 7,847 of 11,162 · What are Morning company classes?
Place in the whole sector: 16,041 of 22,346 · Handel
Profile
Elephant · Steward
Lower profitability, high solidity
Position against comparable companies in 2024, not a verdict on the company. Based on profitability 18 and solidity 85 out of 100 among companies in the Morning class Micro in the same sector in 2024. Methodology
Against the sector
PANCOM AS is 12 points below the median for companies in the Morning class Micro in the same sector in 2024.
Median score 50 among 11,155 companies.
Against companies in the Morning class Micro in the same sector in 2024: operating margin −166.3% (median 2.3%) and equity ratio 75.3% (median 35.1%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 5 MNOK | 4 MNOK |
| Operating margin | −166.3% | 2.3% |
| Profit margin | −187.8% | 1.9% |
| Return on assets | 0.8% | 5.6% |
| Equity ratio | 75.3% | 35.1% |
| Debt-to-equity | 0.33 | 1.22 |
| Current ratio | 0.65 | 1.76 |
| Revenue growth | −38.6% | 2.8% |
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 38, PANCOM AS does better than 30% of companies in the Morning class Micro in the same sector (11,162 companies) in 2024.
Score 2023–2025
- PANCOM AS
- Median: companies in the Morning class Micro in the same sector
What the numbers say
PANCOM AS had an operating margin of −166.3% and an equity ratio of 75.3% in 2024, and ranks 16,041 of 22,346 in Handel.
From 2023 to 2024: the operating margin fell from −106.5% to −166.3% and went from a profit to a loss before tax.
This text is generated automatically from the 2024 accounts.
Three simple methods
One method gives a figure: 284 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | 284 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
Consider strengthening liquidity: current liabilities are 1.5 times current assets.
Based on: Current ratio 0.65 (median 1.76).
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −187.8% (median 1.9%).
- 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 −166.3% (median 2.3%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 13.7% 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.
Data quality
- watch Extreme margin: check 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 1.5%. Based on the 11 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 18 | weight 30% |
|---|---|---|
| Solidity | 85 | weight 25% |
| Liquidity | 10 | weight 15% |
| Growth | 5 | weight 15% |
| Consistency | 58 | weight 15% |
Durability: 41 (average over 2 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is PANCOM AS?
The operating margin was −166.3% in 2024, against a median of 2.3% among companies in the Morning class Micro in the same sector. Return on assets was 0.8%. The company made a loss before tax.
How solid is PANCOM AS?
The equity ratio was 75.3% in 2024 (median 35.1%). Debt-to-equity was 0.33 (median 1.22).
What is the liquidity of PANCOM AS like?
The current ratio was 0.65 in 2024 (median 1.76). Current assets did not cover current liabilities.
How does PANCOM AS compare in Handel?
PANCOM AS ranks 16,041 of 22,346 in Handel for 2024. Among companies in the Morning class Micro it is number 7,847 of 11,162. Revenue changed by −38.6% from the year before.
Group accounts · 2025
12 of 100
Rank 239 of 247 groups in the Morning class Medium in Handel. Groups are ranked only against other groups in the same sector and class, never against single companies.
- Operating revenue, group
- 278 MNOK
- Operating profit, group
- −28 MNOK
- Profit before tax, group
- −55 MNOK
- Total assets, group
- 1,127 MNOK
- Equity, group
- 135 MNOK
| Key figure | The group | The company alone (2024) |
|---|---|---|
| Operating margin | −10.0% | – |
| Return on assets | −2.4% | – |
| Equity ratio | 12.0% | – |
| Current ratio | 1.40 | – |
| Revenue growth | −20.0% | – |
Group index in earlier years: 2023: 35 (330 of 464), 2024: 18 (257 of 275).
Same formulas and weights as the company index. Group and company are never added together, and the group accounts are not part of sector averages or company rankings.
Source: Brønnøysund Register Centre, group accounts 2025 (open data, NLOD 2.0).
We do not show the group structure, because open data does not say who owns whom.
From the Central Coordinating Register
- Org. no.
- 913644573
- Legal form
- AS
- Sector
- Handel (46.900)
- Morning company class
- Micro
- Employees
- 0–4 (not registered)
- Founded
- 1 April 2014 12 years in operation
- Share capital
- 3.72 MNOK
- Business address
- Skomværgata 7, 3921 PORSGRUNN
- Municipality
- Porsgrunn rank 5–12 of 13 in KOSTRA group 10
- 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
- Chief executive
- Frederic Kristoffersen
- Chair of the board
- Arve Andersson
- Board member
- Frederic Kristoffersen
- Board member
- Stian Hvalen Brekke
- Board member
- Fred-Arne Gade
- Board member
- Anne Lise Meyer
- Board member
- Øystein Bårvåg Grini
- Auditor
- CEDRA NORGE AS
- Accountant
- AIDER AS
Source: Central Coordinating Register, fetched 29 October 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 26 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 43 | 38 | 35 | |
| Rank | 12,747 | 16,041 | 17,528 | |
| Operating margin | −106.5% | −166.3% | −170.3% | |
| Return on assets | 6.6% | 0.8% | 1.3% | |
| Equity ratio | 65.4% | 75.3% | 70.3% | |
| Current ratio | 0.54 | 0.65 | 0.52 | |
| Revenue growth | – | −38.6% | −10.1% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 8.5 MNOK | 5.2 MNOK | 4.7 MNOK |
| Operating profit | −9.0 MNOK | −8.7 MNOK | −8.0 MNOK |
| Profit before tax | 16.4 MNOK | −9.8 MNOK | −24.2 MNOK |
| Net profit | 17.2 MNOK | −8.9 MNOK | −23.7 MNOK |
| Financial expenses | 8.9 MNOK | 12.7 MNOK | 29.8 MNOK |
| Total assets | 386.3 MNOK | 376.7 MNOK | 412.6 MNOK |
| Current assets | 58.4 MNOK | 47.2 MNOK | 53.4 MNOK |
| Equity | 252.7 MNOK | 283.8 MNOK | 290.1 MNOK |
| Retained earnings | 124.5 MNOK | 115.6 MNOK | 91.8 MNOK |
| Total liabilities | 133.5 MNOK | 92.9 MNOK | 122.6 MNOK |
| Current liabilities | 108.2 MNOK | 72.5 MNOK | 102.4 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 6184623.
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