Progresio AS
Not financial advice. The index, rank, signals and advice are rule-based indications from the latest filed annual accounts. They are not a credit rating, an assessment of management or a recommendation to buy, sell or do business with the company. Read more
Score · fiscal year 2023
Not enough data: Not enough data (below minimum revenue)
Based on the annual accounts for 2023
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 1 MNOK | 3 MNOK |
| Operating margin | 5.0% | 9.7% |
| Profit margin | 2.1% | 10.3% |
| Return on assets | 26.0% | 18.1% |
| Equity ratio | −37.2% | 42.0% |
| Debt-to-equity | – | 1.23 |
| Current ratio | 1.16 | 1.59 |
| Revenue growth | – | 13.7% |
The median and “ahead of” refer to companies in the same sector in 2023. The bar shows the share of companies the figure is ahead of.
Score 2023–2025
- Progresio AS
- Median: companies in the same sector
What the numbers say
Progresio AS had an equity ratio of −37.2% in 2023. The company is not ranked: not enough data (below minimum revenue).
This text is generated automatically from the 2023 accounts.
Three simple methods
The methods give between 0 MNOK and 1 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 22.4 | 0 MNOK |
| EV/EBIT | 17.4 | 1 MNOK |
| P/B | 4.1 | not meaningful |
| EV/EBIT: from enterprise value to equity | NOK |
|---|---|
| Enterprise value (EV) at the listed multiple | 1 MNOK |
| Enterprise value after the size adjustment | 1 MNOK |
| Less net debt (rough figure) | 0 MNOK |
| Equity value | 1 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 NACE code has no listed industry of its own in the table, so the multiples are the sector median: Business & Consumer Services.
Not financial advice. The value range is a rough model estimate from listed-company multiples, not a valuation, a price target or a price offer. The actual value may differ greatly. Read more
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
- critical
Equity is negative. How will it be rebuilt, and what do lenders and the auditor say about going concern?
Based on: Equity ratio −37.2% (median 42.0%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 10.9% of the debt in 2023. The policy rate averaged 3.54 % 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
- critical Negative equity
Scenario analysis: the sector's weakest year
We have no accounts for 2026, the sector's weakest year, for this company.
The sector's weakest year was 2026, with a median operating margin of 5.4%. Based on the 7 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
Questions and answers
How profitable is Progresio AS?
The operating margin was 5.0% in 2023, against a median of 9.7% among companies in the same sector. Return on assets was 26.0%.
How solid is Progresio AS?
The equity ratio was −37.2% in 2023 (median 42.0%). Equity is negative, so liabilities exceed assets.
What is the liquidity of Progresio AS like?
The current ratio was 1.16 in 2023 (median 1.59).
Group structure · 2025
2 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 H2 Optimist AS.
H2 Optimist 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
- Revisjon, regnskap og rådgivning (1 company), Handel (1 company) 2 of 2 companies in the tree have accounts with us. Sectors are sorted by the companies' own revenue, which includes sales between the group's companies.
- Negative equity
- 2 companies: Progresio AS, H2 Optimist AS
- Loss
- 1 company: H2 Optimist AS
A subsidiary with negative equity or a loss may be backed by the group, for example with group contributions or guarantees. It is an indication of what is worth asking about, not an assessment.
-
H2 Optimist AS
- Progresio AS you are here
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.
- 920287271
- Legal form
- AS
- Sector
- Revisjon, regnskap og rådgivning (70.200)
- Morning company class
- Micro
- Employees
- 0–4 (not registered)
- Founded
- 11 January 2018 8 years in operation
- Share capital
- 0.03 MNOK
- Business address
- Harahaugane 20, 4320 SANDNES
- Municipality
- Sandnes rank 4 of 11 in KOSTRA group 12
- Audit
- Audit opted out from 23 January 2018
- Latest accounts filed
- 2025
- Website
- www.dittnettverk.no
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 3 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: H2 Optimist AS (100%)
Ultimate owner: H2 Optimist AS
The owner: the majority owner H2 Optimist AS (holds 100%) had negative equity in 2025. 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.
- H2 Optimist AS · 100.0%
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.
Is this your company? Suggest changes or add information
Figures last fetched 8 November 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | – | 12 | 38 | |
| Rank | – | 3,258 | 2,531 | |
| Operating margin | 5.0% | −14.9% | 1.5% | |
| Return on assets | 26.0% | −232.5% | 15.8% | |
| Equity ratio | −37.2% | −346.3% | −153.1% | |
| Current ratio | 1.16 | 0.32 | 0.53 | |
| Revenue growth | – | 15.3% | 46.4% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 1.0 MNOK | 1.1 MNOK | 1.7 MNOK |
| Operating profit | 0.0 MNOK | −0.2 MNOK | 0.0 MNOK |
| Profit before tax | 0.0 MNOK | −0.2 MNOK | 0.0 MNOK |
| Tax expense | 0.0 MNOK | 0.0 MNOK | – |
| Net profit | 0.0 MNOK | −0.2 MNOK | 0.0 MNOK |
| Financial expenses | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Total assets | 0.2 MNOK | 0.1 MNOK | 0.2 MNOK |
| Current assets | 0.2 MNOK | 0.1 MNOK | 0.2 MNOK |
| Equity | −0.1 MNOK | −0.3 MNOK | −0.2 MNOK |
| Retained earnings | −0.1 MNOK | −0.3 MNOK | −0.3 MNOK |
| Total liabilities | 0.3 MNOK | 0.3 MNOK | 0.4 MNOK |
| Current liabilities | 0.2 MNOK | 0.2 MNOK | 0.3 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 8 November 2026, accounts id 5024273.