Progress Ingeniørfirma AS
Score · fiscal year 2025
66of 100
How to read this: the company is ahead of 80 % of companies in the Morning class Medium in the same sector in 2025. What does this mean?
Rank in the Morning class Medium: 753 of 3,711 · What are Morning company classes?
Place in the whole sector: 4,668 of 22,952 · Handel
Profile
Lion · Leader
High profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 61 and solidity 62 out of 100 among companies in the Morning class Medium in the same sector in 2025. Methodology
Against the sector
Progress Ingeniørfirma AS is 16 points above the median for companies in the Morning class Medium in the same sector in 2025.
Median score 50 among 3,711 companies.
Against companies in the Morning class Medium in the same sector in 2025: operating margin 6.0% (median 3.0%) and equity ratio 38.8% (median 30.0%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 95 MNOK | 93 MNOK |
| Operating margin | 6.0% | 3.0% |
| Profit margin | 5.0% | 2.8% |
| Return on assets | 11.2% | 11.6% |
| Equity ratio | 38.8% | 30.0% |
| Debt-to-equity | 1.58 | 2.24 |
| Current ratio | 2.78 | 1.39 |
| Revenue growth | 12.8% | 6.1% |
| Revenue per employee | 4.12 MNOK | 5.08 MNOK |
The median and “ahead of” refer to companies in the Morning class Medium in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 66, Progress Ingeniørfirma AS does better than 80% of companies in the Morning class Medium in the same sector (3,711 companies) in 2025.
Score 2023–2025
- Progress Ingeniørfirma AS
- Median: companies in the Morning class Medium in the same sector
Progress Ingeniørfirma AS has a score of 66 for 2025, rank 4,668 of 22,952 in the sector.
Strongest: Liquidity: percentile 88 against peers, current ratio 2.78 against a median of 1.39. Growth: percentile 69 against peers, revenue growth 12.8% against a median of 6.1%.
No area is clearly below its peers.
Written by fixed rules from the figures. Describes the figures, does not explain causes. Not investment or financial advice. How the summary is made
What the numbers say
Progress Ingeniørfirma AS had an operating margin of 6.0% and an equity ratio of 38.8% in 2025, and ranks 4,668 of 22,952 in Handel.
From 2024 to 2025: the operating margin rose from 2.4% to 6.0% and the equity ratio rose from 31.6% to 38.8%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 22 MNOK and 36 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 36 MNOK |
| EV/EBIT | 8.0 | 30 MNOK |
| P/B | 1.0 | 22 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
No rules were triggered for this year.
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 4.6% 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 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 | 61 | weight 30% |
|---|---|---|
| Solidity | 62 | weight 25% |
| Liquidity | 88 | weight 15% |
| Growth | 69 | weight 15% |
| Consistency | 56 | weight 15% |
Durability: 52 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Progress Ingeniørfirma AS?
The operating margin was 6.0% in 2025, against a median of 3.0% among companies in the Morning class Medium in the same sector. Return on assets was 11.2%.
How solid is Progress Ingeniørfirma AS?
The equity ratio was 38.8% in 2025 (median 30.0%). Debt-to-equity was 1.58 (median 2.24).
What is the liquidity of Progress Ingeniørfirma AS like?
The current ratio was 2.78 in 2025 (median 1.39).
How does Progress Ingeniørfirma AS compare in Handel?
Progress Ingeniørfirma AS ranks 4,668 of 22,952 in Handel for 2025. Among companies in the Morning class Medium it is number 753 of 3,711. Revenue changed by 12.8% from the year before.
From the Central Coordinating Register
- Org. no.
- 994535277
- Legal form
- AS
- Sector
- Handel (46.640)
- Morning company class
- Medium
- Employees
- 23 registered 10 September 2026
- Founded
- 14 September 2009 17 years in operation
- Share capital
- 3.00 MNOK
- Business address
- Frysjaveien 33E, 0884 OSLO
- Municipality
- Oslo rank 63–220 of 357 in Norway
- Latest accounts filed
- 2025
- LEI
- 54930021MJ35HHJD6L27 not renewed (lapsed)
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
- Thomas Smefjell
- Chair of the board
- Jan Axel Brattberg
- Board member
- Sven Jimmy Fast
- Board member
- Thomas Smefjell
- Board member
- Viktor David Oskar Skargren
- Auditor
- Pricewaterhousecoopers AS
- Accountant
- Zenera AS
Source: Central Coordinating Register, fetched 29 October 2026. Only names are shown.
- Parent company
- Parent does not consolidate the company
Source: GLEIF (Global Legal Entity Identifier Foundation), fetched 29 October 2026. The parent is the one the company itself reported to GLEIF.
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 29 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 44 | 47 | 66 | |
| Rank | 12,550 | 12,511 | 4,668 | |
| Operating margin | 3.0% | 2.4% | 6.0% | |
| Return on assets | 5.1% | 4.4% | 11.2% | |
| Equity ratio | 29.2% | 31.6% | 38.8% | |
| Current ratio | 1.62 | 1.64 | 2.78 | |
| Revenue growth | – | 3.6% | 12.8% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 81.1 MNOK | 84.1 MNOK | 94.9 MNOK |
| Operating profit | 2.5 MNOK | 2.1 MNOK | 5.7 MNOK |
| Profit before tax | 0.2 MNOK | 0.7 MNOK | 4.7 MNOK |
| Net profit | 0.1 MNOK | 0.5 MNOK | 3.6 MNOK |
| Financial expenses | 2.9 MNOK | 1.9 MNOK | 1.6 MNOK |
| Total assets | 60.0 MNOK | 57.1 MNOK | 55.9 MNOK |
| Current assets | 55.2 MNOK | 51.0 MNOK | 49.7 MNOK |
| Equity | 17.5 MNOK | 18.0 MNOK | 21.7 MNOK |
| Retained earnings | 5.5 MNOK | 6.0 MNOK | 9.6 MNOK |
| Total liabilities | 42.5 MNOK | 39.0 MNOK | 34.2 MNOK |
| Current liabilities | 34.1 MNOK | 31.1 MNOK | 17.9 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 29 October 2026, accounts id 6835090.
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