Apo Invest AS
Score · fiscal year 2025
Not enough data: Holding company (ranked in the list «Holding and investment companies»)
Based on the annual accounts for 2025
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating margin | – | 3.0% |
| Profit margin | – | 2.6% |
| Return on assets | 97.9% | 8.7% |
| Equity ratio | 4.9% | 33.6% |
| Debt-to-equity | 19.53 | 1.52 |
| Current ratio | 0.46 | 1.64 |
| Revenue growth | – | 5.2% |
The median and “ahead of” refer to companies in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
Score over time
Score over time needs at least two fiscal years with a score. It will appear when next year's figures are fetched or history is imported.
What the numbers say
Apo Invest AS had an equity ratio of 4.9% in 2025. The company is not ranked: holding company (ranked in the list «holding and investment companies»).
No large changes in the key figures from 2024 to 2025.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 0 MNOK and 69 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 21.2 | 69 MNOK |
| EV/EBIT | 16.6 | not meaningful |
| P/B | 2.2 | 0 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
- critical
Consider strengthening liquidity: current liabilities are 2.2 times current assets.
Based on: Current ratio 0.46 (median 1.64).
- watch
The equity ratio is very low. Could the company absorb a bad year, and does it need more equity?
Based on: Equity ratio 4.9% (median 33.6%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 3.7% 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
- watch Revenue not reported
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
Questions and answers
How profitable is Apo Invest AS?
The operating margin was – in 2025, against a median of 3.0% among companies in the same sector. Return on assets was 97.9%.
How solid is Apo Invest AS?
The equity ratio was 4.9% in 2025 (median 33.6%). Debt-to-equity was 19.53 (median 1.52).
What is the liquidity of Apo Invest AS like?
The current ratio was 0.46 in 2025 (median 1.64). Current assets did not cover current liabilities.
Group accounts · 2025
33 of 100
Rank 194 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
- 235 MNOK
- Operating profit, group
- 5 MNOK
- Profit before tax, group
- 6 MNOK
- Total assets, group
- 63 MNOK
- Equity, group
- 3 MNOK
| Key figure | The group | The company alone (2025) |
|---|---|---|
| Operating margin | 2.1% | – |
| Return on assets | 10.1% | 97.9% |
| Equity ratio | 4.1% | 4.9% |
| Current ratio | 1.02 | 0.46 |
| Revenue growth | 6.0% | – |
Group index in earlier years: 2023: 25 (396 of 464), 2024: 39 (196 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).
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.
We do not show the group structure, because open data does not say who owns whom.
From the Central Coordinating Register
- Org. no.
- 982825989
- Legal form
- AS · part of a group
- Sector
- Handel (47.730)
- Employees
- 0–4 (not registered)
- Founded
- 31 December 2000 25 years in operation
- Share capital
- 0.24 MNOK
- Business address
- Bjørn Wirkolas vei 15, 9510 ALTA
- Municipality
- Alta rank 5–23 of 27 in KOSTRA group 9
- 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 29 October 2026. Only names are shown.
Shareholders (2025)
- Number of shareholders
- 4
- Largest owner
- 40.0% · top three 80.0%
- Split
- companies 100% · private persons 0% · foreign 0%
- Owned from the same municipality
- 100%
- Lukas Invest AS · 40.0%
- Dåvøy Invest AS · 20.0%
- Holding Midfielder AS · 20.0%
- Apo Invest AS · 20.0%
Change 2007–2025:
60% of the shares changed owner (3 new and 2 departed owners).
New owners (companies): Apo Invest AS, Dåvøy Invest AS, Holding Midfielder AS
Departed (companies): Culex AS
Majority owner of: Apotekservice Finnmark AS (100%), Finnmarksapotekene AS (100%)
The portfolio: 3 of the companies it owns shares in have accounts with us, 2 of them as majority owner. The average index is 38. 0 have negative equity and 0 made a loss in the latest year.
Holds shares in: Finnmarksapotekene AS (100%), Apo Invest AS (20%), Apotekservice Finnmark AS (100%), Farmasikompetanse AS (20%), Finnmark Festivalarrangør AS (0%)
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 28 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | – | – | – | |
| Rank | – | – | – | |
| Operating margin | – | – | – | |
| Return on assets | 69.2% | 195.8% | 97.9% | |
| Equity ratio | 2.8% | 5.4% | 4.9% | |
| Current ratio | 0.98 | 0.35 | 0.46 | |
| Revenue growth | – | – | – |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | – | – | – |
| Operating profit | −0.2 MNOK | −0.2 MNOK | −0.2 MNOK |
| Profit before tax | 5.6 MNOK | 8.9 MNOK | 5.5 MNOK |
| Tax expense | 0.0 MNOK | – | 0.0 MNOK |
| Net profit | 5.6 MNOK | 8.9 MNOK | 5.4 MNOK |
| Financial expenses | 0.4 MNOK | 0.0 MNOK | 0.2 MNOK |
| Total assets | 8.7 MNOK | 4.5 MNOK | 5.8 MNOK |
| Current assets | 5.5 MNOK | 1.4 MNOK | 2.5 MNOK |
| Equity | 0.2 MNOK | 0.2 MNOK | 0.3 MNOK |
| Retained earnings | 0.0 MNOK | 4.9 MNOK | 4.9 MNOK |
| Total liabilities | 8.4 MNOK | 4.3 MNOK | 5.5 MNOK |
| Current liabilities | 5.6 MNOK | 4.0 MNOK | 5.4 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 28 October 2026, accounts id 6952006.