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 2024
12of 100
How to read this: the company is ahead of 3 % of companies in the Morning class Micro in the same sector in 2024. What does this mean?
Rank in the Morning class Micro: 2,217 of 2,286 · What are Morning company classes?
Place in the whole sector: 3,258 of 3,337 · Revisjon, regnskap og rådgivning
Profile
Beaver · Builder
Lower profitability, lower resilience
Position against comparable companies in 2024, not a verdict on the company. Based on profitability 4 and resilience 2 out of 100 among companies in the Morning class Micro in the same sector in 2024. Methodology
Against the sector
Progresio AS is 39 points below the median for companies in the Morning class Micro in the same sector in 2024.
Median score 51 among 2,285 companies.
Against companies in the Morning class Micro in the same sector in 2024: operating margin −14.9% (median 9.5%) and equity ratio −346.3% (median 42.4%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 1 MNOK | 3 MNOK |
| Operating margin | −14.9% | 9.5% |
| Profit margin | −15.9% | 10.1% |
| Return on assets | −232.5% | 17.5% |
| Equity ratio | −346.3% | 42.4% |
| Debt-to-equity | – | 1.20 |
| Current ratio | 0.32 | 1.58 |
| Revenue growth | 15.3% | 6.5% |
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 12, Progresio AS does better than 3% of companies in the Morning class Micro in the same sector (2,286 companies) in 2024.
Score 2023–2025
- Progresio AS
- Median: companies in the Morning class Micro in the same sector
What the numbers say
Progresio AS had an operating margin of −14.9% and an equity ratio of −346.3% in 2024, and ranks 3,258 of 3,337 in Revisjon, regnskap og rådgivning.
From 2023 to 2024: the equity ratio fell from −37.2% to −346.3% and went from a profit to a loss before tax.
This text is generated automatically from the 2024 accounts.
Three simple methods
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 22.4 | not meaningful |
| EV/EBIT | 17.4 | not meaningful |
| P/B | 4.1 | not meaningful |
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 −346.3% (median 42.4%).
- critical
Consider strengthening liquidity: current liabilities are 3.1 times current assets.
Based on: Current ratio 0.32 (median 1.58).
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −15.9% (median 10.1%).
- 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 −14.9% (median 9.5%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 3.6% 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
- 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
What the score is made of
| Profitability | 4 | weight 40% |
|---|---|---|
| Solidity | 0 | weight 20% |
| Liquidity | 3 | weight 5% |
| Growth | 38 | weight 25% |
| Consistency | 7 | weight 10% |
Three goals: profitability 40%, growth 25%, resilience 35%. Why these weights?
Index version 3. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Progresio AS?
The operating margin was −14.9% in 2024, against a median of 9.5% among companies in the Morning class Micro in the same sector. Return on assets was −232.5%. The company made a loss before tax.
How solid is Progresio AS?
The equity ratio was −346.3% in 2024 (median 42.4%). Equity is negative, so liabilities exceed assets.
What is the liquidity of Progresio AS like?
The current ratio was 0.32 in 2024 (median 1.58). Current assets did not cover current liabilities.
How does Progresio AS compare in Revisjon, regnskap og rådgivning?
Progresio AS ranks 3,258 of 3,337 in Revisjon, regnskap og rådgivning for 2024. Among companies in the Morning class Micro it is number 2,217 of 2,286. Revenue changed by 15.3% from the year before.
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 5974563.
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