Pro Analysis AS
Score · fiscal year 2025
23of 100
How to read this: the company is ahead of 10 % of companies in the Morning class Small in the same sector in 2025. What does this mean?
Rank in the Morning class Small: 1,515 of 1,679 · What are Morning company classes?
Place in the whole sector: 4,029 of 4,464 · Industri
Profile
Beaver · Builder
Lower profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 10 and solidity 25 out of 100 among companies in the Morning class Small in the same sector in 2025. Methodology
Against the sector
Pro Analysis AS is 28 points below the median for companies in the Morning class Small in the same sector in 2025.
Median score 51 among 1,679 companies.
Against companies in the Morning class Small in the same sector in 2025: operating margin −11.2% (median 4.6%) and equity ratio 25.0% (median 41.8%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 46 MNOK | 22 MNOK |
| Operating margin | −11.2% | 4.6% |
| Profit margin | −14.0% | 4.2% |
| Return on assets | −8.5% | 9.5% |
| Equity ratio | 25.0% | 41.8% |
| Debt-to-equity | 2.99 | 1.30 |
| Current ratio | 0.76 | 1.73 |
| Revenue growth | 15.4% | 5.3% |
| Revenue per employee | 1.84 MNOK | 1.69 MNOK |
The median and “ahead of” refer to companies in the Morning class Small in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 23, Pro Analysis AS does better than 10% of companies in the Morning class Small in the same sector (1,679 companies) in 2025.
Score 2023–2025
- Pro Analysis AS
- Median: companies in the Morning class Small in the same sector
Pro Analysis AS has a score of 23 for 2025, rank 4,029 of 4,464 in the sector.
Strongest: Growth: percentile 72 against peers, revenue growth 15.4% against a median of 5.3%.
Weakest: Liquidity: percentile 6 against peers, current ratio 0.76 against a median of 1.73. Profitability: percentile 10 against peers, operating margin −11.2% against a median of 4.6%.
Worth a closer look
- Consider strengthening liquidity: current liabilities are 1.3 times current assets. Based on: current ratio 0.76 (median 1.73).
- The company made a loss before tax. Are these one-off items or a pattern? Based on: profit margin −14.0% (median 4.2%).
- The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors? Based on: operating margin −11.2% (median 4.6%).
- What lies behind weak profitability, and will it last?
Written by fixed rules from the figures. Describes the figures, does not explain causes. Not investment or financial advice. How the summary is made
The industry or the company: what drove the result?
In 2025 the operating margin of Pro Analysis AS rose by 0.0 percentage points. Comparable companies rose by a median 0.2 points. So the company did 0.2 points weaker than the industry, for reasons of its own.
Over 2 year-to-year changes Pro Analysis AS moved the same way as comparable companies 1 times. About 3% of the changes in operating margin were common to the industry; the rest was the company's own.
| Year | The company | Comparable (median) | Change, company | Change, industry | The company's own |
|---|---|---|---|---|---|
| 2024 | −11.2% | 4.3% | −18.2 percentage points | −0.3 percentage points | −17.9 percentage points |
| 2025 | −11.2% | 4.6% | +0.0 percentage points | +0.2 percentage points | −0.2 percentage points |
Comparable companies are those in the same industry and Morning company class. Their change shows what hit the whole industry, the sector drivers below included. The rest is the company's own: contracts, costs, one-off items or operations. The share is approximate, and we claim no cause.
The company and its sector's drivers
Prices, rate and currency that shape the sector's year, year by year beside the operating margin of Pro Analysis AS. The figures stand side by side; we claim no cause.
Producer prices in manufacturing (indeks (2021 = 100))
Producer prices in manufacturing rose 2.9% in 2025; the operating margin of Pro Analysis AS rose 0.0 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Producer prices in manufacturing, annual average | 100.0 | 124.7 | 129.5 | 134.4 | 138.3 | 146.0 (so far) |
| Change from the year before | +10.7% | +24.7% | +3.9% | +3.7% | +2.9% | +5.6% |
| The company's operating margin | – | – | 7.0% | −11.2% | −11.2% | – |
Source: SSB (12462, CC BY 4.0). Source
EUR/NOK (kr)
EUR/NOK rose 0.8% in 2025; the operating margin of Pro Analysis AS rose 0.0 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| EUR/NOK, annual average | 10.16 | 10.10 | 11.42 | 11.62 | 11.72 | 11.04 (so far) |
| Change from the year before | −5.2% | −0.6% | +13.1% | +1.8% | +0.8% | −5.8% |
| The company's operating margin | – | – | 7.0% | −11.2% | −11.2% | – |
Source: Norges Bank (EXR, NLOD 2.0). Source
Wholesale power price (øre per kWh)
Wholesale power price rose 9.4% in 2025; the operating margin of Pro Analysis AS rose 0.0 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Wholesale power price, annual average | 64.2 | 141.7 | 72.0 | 49.4 | 54.0 | 96.5 (so far) |
| Change from the year before | +466.7% | +120.8% | −49.2% | −31.4% | +9.4% | +78.4% |
| The company's operating margin | – | – | 7.0% | −11.2% | −11.2% | – |
Source: SSB (09363, CC BY 4.0). Source
USD/NOK (kr)
USD/NOK fell 3.3% in 2025; the operating margin of Pro Analysis AS rose 0.0 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| USD/NOK, annual average | 8.59 | 9.61 | 10.56 | 10.75 | 10.39 | 9.54 (so far) |
| Change from the year before | −8.8% | +11.9% | +9.9% | +1.7% | −3.3% | −8.2% |
| The company's operating margin | – | – | 7.0% | −11.2% | −11.2% | – |
Source: Norges Bank (EXR, NLOD 2.0). Source
Wage index: fabricated metal products (indeks)
Wage index: fabricated metal products rose 5.8% in 2025; the operating margin of Pro Analysis AS rose 0.0 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Wage index: fabricated metal products, annual average | 88.0 | 91.5 | 96.9 | 102.1 | 108.0 | 112.8 (so far) |
| Change from the year before | +3.1% | +3.9% | +6.0% | +5.4% | +5.8% | +4.5% |
| The company's operating margin | – | – | 7.0% | −11.2% | −11.2% | – |
Source: SSB (12314, CC BY 4.0). Source
We show the drivers and the margin side by side and claim no cause. Sensitivity per company is not computed until we have at least 10 years of accounts per company: with three years such figures are false precision.
What the numbers say
Pro Analysis AS had an operating margin of −11.2% and an equity ratio of 25.0% in 2025, and ranks 4,029 of 4,464 in Industri.
From 2024 to 2025: the equity ratio fell from 44.0% to 25.0% and revenue grew by 15%.
This text is generated automatically from the 2025 accounts.
Three simple methods
One method gives a figure: 21 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 22.2 | not meaningful |
| EV/EBIT | 18.6 | not meaningful |
| P/B | 3.0 | 21 MNOK |
The listed basis is the value at listed multiples. The estimate is lowered by 51% for an unlisted company: 20% for lack of marketability and 38% for size (a small-company premium of 4% on the cost of equity).
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
- watch
Consider strengthening liquidity: current liabilities are 1.3 times current assets.
Based on: Current ratio 0.76 (median 1.73).
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −14.0% (median 4.2%).
- 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 −11.2% (median 4.6%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 4.1% 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.
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 0.2%. Based on the 10 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 10 | weight 30% |
|---|---|---|
| Solidity | 25 | weight 25% |
| Liquidity | 6 | weight 15% |
| Growth | 72 | weight 15% |
| Consistency | 11 | weight 15% |
Durability: 31 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Pro Analysis AS?
The operating margin was −11.2% in 2025, against a median of 4.6% among companies in the Morning class Small in the same sector. Return on assets was −8.5%. The company made a loss before tax.
How solid is Pro Analysis AS?
The equity ratio was 25.0% in 2025 (median 41.8%). Debt-to-equity was 2.99 (median 1.30).
What is the liquidity of Pro Analysis AS like?
The current ratio was 0.76 in 2025 (median 1.73). Current assets did not cover current liabilities.
How does Pro Analysis AS compare in Industri?
Pro Analysis AS ranks 4,029 of 4,464 in Industri for 2025. Among companies in the Morning class Small it is number 1,515 of 1,679. Revenue changed by 15.4% from the year before.
Group structure · 2025
11 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 Holta & Håland Finans AS.
Holta & Håland Finans AS has not filed group accounts in open data, so the group has no index of its own. Each company has its own accounts.
-
Holta & Håland Finans AS
-
Holta & Håland Industrier AS
-
PA Investment AS
- Pro Analysis AS you are here
- Process Control AS
- Supercharge AS
- Holta & Håland Safety AS
- EV Powercharge AS
- Org. no. 919751525
- Org. no. 923941630
-
- Randabergporten AS
-
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.
- 976773667
- Legal form
- AS
- Sector
- Industri (26.510)
- Morning company class
- Small
- Employees
- 25 registered 10 July 2026
- Founded
- 18 September 1996 30 years in operation
- Share capital
- 2.05 MNOK
- Business address
- Bredalsmarken 17, 5006 BERGEN
- Municipality
- Bergen rank 8 of 11 in KOSTRA group 12
- Latest accounts filed
- 2025
- Website
- www.proanalysis.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 31 October 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: PA Investment AS (100%)
Ultimate owner: HOLTA & Håland Finans AS
- PA Investment AS · 100.0%
Change 2007–2025:
75% of the shares changed owner (1 new and 13 departed owners). The majority owner changed.
New owners (companies): PA Investment AS
Departed (companies): Bekkevold Invest AS, Catalyser AS, Equinor Venture AS, Jovoko AS, Kits AS
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 4 November 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 47 | 24 | 23 | |
| Rank | 2,356 | 3,916 | 4,029 | |
| Operating margin | 7.0% | −11.2% | −11.2% | |
| Return on assets | 6.9% | −7.8% | −8.5% | |
| Equity ratio | 56.7% | 44.0% | 25.0% | |
| Current ratio | 1.19 | 0.89 | 0.76 | |
| Revenue growth | – | −8.2% | 15.4% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 43.5 MNOK | 39.9 MNOK | 46.0 MNOK |
| Operating profit | 3.0 MNOK | −4.5 MNOK | −5.1 MNOK |
| Profit before tax | 2.3 MNOK | −6.0 MNOK | −6.4 MNOK |
| Tax expense | 0.0 MNOK | 0.0 MNOK | 2.7 MNOK |
| Net profit | 2.3 MNOK | −6.0 MNOK | −9.1 MNOK |
| Financial expenses | 1.2 MNOK | 1.9 MNOK | 1.7 MNOK |
| Total assets | 51.0 MNOK | 52.2 MNOK | 55.5 MNOK |
| Current assets | 26.3 MNOK | 26.1 MNOK | 31.8 MNOK |
| Equity | 29.0 MNOK | 23.0 MNOK | 13.9 MNOK |
| Retained earnings | 3.9 MNOK | – | – |
| Total liabilities | 22.1 MNOK | 29.2 MNOK | 41.6 MNOK |
| Current liabilities | 22.1 MNOK | 29.2 MNOK | 41.6 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 4 November 2026, accounts id 7163157.
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