Liquidity
Strong2.85
How the figure is assessed
Current assets divided by current liabilities. Below 1.0 is weak, 1.0–1.5 needs attention and 1.5 or more is strong.
PROGRESS. AS
Org. no. 918 713 875 · Private limited company (AS) · Active · Stillaveien 19, 9537, TVERRELVDALEN · ALTA · 71.129 – Other engineering consultancy
ActiveVAT registeredRegister of Business Enterprises
- Organisation form
- AS
- Employees
- Not registered
- Established
- 1 January 2017
- Municipality
- ALTA
- Industry code
- 71.129
PROGRESS. AS is a private limited company (as) registered in TVERRELVDALEN since 2017. The organisation number is 918 713 875. The latest submitted annual accounts are for 2025.
Source: The Brønnøysund Register Centre · Last updated 15 November 2026 at 12:53
Overview
Quick overview
Status and key figures
Based on the latest submitted annual accounts (2025) and registry data.
Profitability
Watch2 %
How the figure is assessed
Operating profit divided by operating revenue. Below 0% is weak, 0–10% needs attention and 10% or more is strong.
Solidity
Strong71.5 %
How the figure is assessed
Equity divided by assets. Below 10% is weak, 10–30% needs attention and 30% or more is strong.
- Operating revenue
- 5.6 m NOK
- -34.2 % vs. the year before
- Net result
- 142 k NOK
- Fiscal year 2025
- Equity
- 4.8 m NOK
- Fiscal year 2025
- Status
- Active
- Central Coordinating Register
- Employees
- –
- Registered in the Central Coordinating Register
- Founded
- 1 January 2017
- Place
- TVERRELVDALEN
- Industry
- Other engineering consultancy
- 71.129
- Public contracts
- –
- Roles
- 4
- People and entities
The gauges are calculated key figures with open thresholds, not a credit assessment. All amounts come from the Register of Company Accounts.
Calculated by us
Proffi Risk Indicator
84
av 100
Low risk
Based on status, solvency, liquidity, profitability, trend and how recent the accounts are. Public register data only.
This is an indicative assessment, not a credit rating. It does not replace your own due diligence before entering into an agreement.
Proffi+
Proffi estimated value
Calculating …
Indicative model estimate based on public accounting figures and typical industry multiples. Not an appraisal, a valuation or investment advice.
Development
Revenue and profit
RevenueResult
Development
Solvency and profitability (%)
SolidityProfitability
Registry data
Company information
- Organisation number
- 918 713 875
- Organisation form
- Private limited company (AS)
- Registered in the Central Coordinating Register
- 16 March 2017
- Date of incorporation
- 1 January 2017
- Number of employees
- Not stated
- Language form
- Norwegian Bokmål
- Latest submitted annual accounts
- 2025
- Deleted
- Not provided
- Website
- Not stated
- Bankruptcy date
- Not provided
Addresses
Visiting and postal address
Business address
Stillaveien 199537 TVERRELVDALENALTA municipalityNorgePostal address
Not registered
Industry
Industry and sector
- 71.129
Other engineering consultancy(main industry)
M Real estate activities › 71 Architectural and engineering activities; technical testing and analysis › 71.1 Architectural and engineering activities and related technical consultancy › 71.12 Engineering activities and related technical consultancy
See the industry: largest companies and key figures →What does this industry cover?
Inkluderer: Omfatter ingeniørtjenester innenfor kraft og energi, samferdsel, vann, kloakk og drenering, industri og produksjon, telekommunikasjon og kringkasting mv. og generelle rådgivende ingeniørtjenester, herunder rådgivning vedrørende prinsipper og metoder innen ingeniørbransjen når dette gjøres uavhengig av et ingeniørprosjekt, inklusiv policyanalyse og undersøkelse og revisjon av forskrifter; ekspertuttalelser/vitneuttalelser Inkluderer også: Omfatter også maskinteknisk, bilteknisk, kjemiteknisk og annen teknisk rådgiving, oljevern mv.
Institutional sector code: Private aksjeselskaper mv. (2100)
Statutory purpose
Revisjon av maskintekniske innretninger.
Registry status
Registrations and status
- Registered in the Register of Business Enterprises
- Registered in the VAT register
- Registered in the Register of Non-Profit Organisations
- Registered in the Register of Foundations
- Bankruptcy
- In liquidation
- In compulsory liquidation
Experiences
Reviews
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Accounts
Financial overview
Accounts and key figures
Fiscal year 2025 · Amounts in NOK
Data basis
3 stored years
Liquidity
Strong2.85
How the figure is assessed
Current assets divided by current liabilities. Below 1.0 is weak, 1.0–1.5 needs attention and 1.5 or more is strong.
Profitability
Watch2 %
How the figure is assessed
Operating profit divided by operating revenue. Below 0% is weak, 0–10% needs attention and 10% or more is strong.
Solidity
Strong71.5 %
How the figure is assessed
Equity divided by assets. Below 10% is weak, 10–30% needs attention and 30% or more is strong.
Key numbers and development
Only reported amounts from the Register of Company Accounts
| Accounting item | 2025 | 2024 | 2023 | Development |
|---|---|---|---|---|
| Operating revenue | 5,605,431 | 8,522,915 | 7,220,683 | |
| Operating profit | 114,874 | 376,934 | 182,557 | |
| Profit before tax | 185,207 | 353,375 | 139,566 | |
| Net result | 142,303 | 270,332 | 101,173 | |
| Total assets | 6,718,593 | 6,914,678 | 6,564,197 | |
| Equity | 4,802,064 | 4,659,760 | 4,389,428 | |
| Liabilities | 1,916,529 | 2,254,917 | 2,174,769 |
The gauges are calculated key figures with open thresholds. They are not a credit assessment.
Graphical analysis
3 fiscal years (2023–2025)
- Operating revenue 2025
- 5,605,431 NOK
- Net result 2025
- 142,303 NOK
- Revenue growth
- -34.2 %
Revenue and profit
Amounts in NOK
Operating margin
Calculated by us, in percent
Equity and liabilities
Balance sheet in NOK
Register of Company Accounts
Annual accounts 2025
Period 2025-01-01 to 2025-12-31. Currency NOK. Audited annual accounts.
Income statement
| Total operating revenue | 5,605,431 NOK |
|---|---|
| Total operating expenses | 5,490,557 NOK |
| Operating profit | 114,874 NOK |
| Total financial income | 86,797 NOK |
| Total financial expenses | 16,464 NOK |
| Net financial items | 70,333 NOK |
| Profit before tax | 185,207 NOK |
| Net result | 142,303 NOK |
Assets
| Total fixed assets | 1,735,193 NOK |
|---|---|
| Total current assets | 4,983,399 NOK |
| Total assets | 6,718,593 NOK |
Equity and liabilities
| Paid-in equity | 30,000 NOK |
|---|---|
| Retained earnings | 4,772,064 NOK |
| Total equity | 4,802,064 NOK |
| Current liabilities | 1,746,168 NOK |
| Total debt | 1,916,529 NOK |
| Total equity and liabilities | 6,718,593 NOK |
Register of Company Accounts
Annual accounts 2024
Period 2024-01-01 to 2024-12-31. Currency NOK. Audited annual accounts.
Income statement
| Total operating revenue | 8,522,915 NOK |
|---|---|
| Total operating expenses | 8,145,981 NOK |
| Operating profit | 376,934 NOK |
| Total financial income | 9,659 NOK |
| Total financial expenses | 33,217 NOK |
| Net financial items | -23,558 NOK |
| Profit before tax | 353,375 NOK |
| Net result | 270,332 NOK |
Assets
| Total fixed assets | 2,452,646 NOK |
|---|---|
| Total current assets | 4,462,032 NOK |
| Total assets | 6,914,678 NOK |
Equity and liabilities
| Paid-in equity | 30,000 NOK |
|---|---|
| Retained earnings | 4,629,760 NOK |
| Total equity | 4,659,760 NOK |
| Current liabilities | 1,831,206 NOK |
| Long-term liabilities | 423,711 NOK |
| Total debt | 2,254,917 NOK |
| Total equity and liabilities | 6,914,677 NOK |
Register of Company Accounts
Annual accounts 2023
Period 2023-01-01 to 2023-12-31. Currency NOK. Audited annual accounts.
Income statement
| Total operating revenue | 7,220,683 NOK |
|---|---|
| Total operating expenses | 7,038,126 NOK |
| Operating profit | 182,557 NOK |
| Total financial income | 226 NOK |
| Total financial expenses | -43,217 NOK |
| Net financial items | -42,991 NOK |
| Profit before tax | 139,566 NOK |
| Net result | 101,173 NOK |
Assets
| Total fixed assets | 2,222,303 NOK |
|---|---|
| Total current assets | 4,341,895 NOK |
| Total assets | 6,564,197 NOK |
Equity and liabilities
| Paid-in equity | 30,000 NOK |
|---|---|
| Retained earnings | 4,359,428 NOK |
| Total equity | 4,389,428 NOK |
| Current liabilities | 1,623,614 NOK |
| Long-term liabilities | 551,155 NOK |
| Total debt | 2,174,769 NOK |
| Total equity and liabilities | 6,564,198 NOK |
Source: Register of Company Accounts, Brønnøysund Register Centre. Figures are shown as submitted, and historical years are never overwritten by newer submissions.
Key figures
Calculated by us
Key figures
| Key figures | 2025 | 2024 | 2023 |
|---|---|---|---|
| Revenue growthChange in total operating revenue from the previous fiscal year. | -34.2 % | 18 % | – |
| Operating marginOperating profit divided by total operating revenue. | 2 % | 4.4 % | 2.5 % |
| Profit marginOrdinary profit before tax divided by total operating revenue. | 3.3 % | 4.1 % | 1.9 % |
| Equity ratioTotal equity divided by total assets. | 71.5 % | 67.4 % | 66.9 % |
| Current ratioTotal current assets divided by total current liabilities. | 2.85 | 2.44 | 2.67 |
| Debt ratioTotal liabilities divided by total equity. | 0.4 | 0.48 | 0.5 |
| Return on assetsOrdinary profit before tax plus financial expenses, divided by total assets. | 3 % | 5.6 % | 1.5 % |
| Return on equityNet profit divided by total equity. | 3 % | 5.8 % | 2.3 % |
About the calculation
The key figures are calculated by us (formula version v1) from public accounts in the Register of Company Accounts. A figure is only calculated when all input values exist and the denominator is not zero. The figures are not a credit assessment.
Roles and owners
Registry data
Roles
Chief executive officer
- Chief executive officerBjørn Ove Thomassen
Board
- Chair of the boardBjørn Ove Thomassen
Auditor
- AuditorENTER REVISJON FINNMARK AS
Accountant
- AccountantISAK REGNSKAP AS
Source: The Brønnøysund Register Centre. We only show name and role as published by the register – never date of birth or private address.
Organisation
Structure
Organisation structure
- Entity type
- Main entity
- Parent entity
- Not stated
- Number of sub-units
- 1
Overview
Structure map
PROGRESS. AS
PROGRESS. AS
TVERRELVDALEN
Registry data
Sub-units
| Name | Org. no. | Place | Employees |
|---|---|---|---|
| PROGRESS. ASOther engineering consultancy | 818 779 232 | TVERRELVDALEN | – |
More about the company
This has not been registered yet. We never show made-up information.
Services and products
The company has not added any services yet.
Public approvals
Not in the Norwegian Building Authority's central approval register.
Public contracts
No notices found in TED where the company is a supplier or contracting authority.
Registered changes
We show changes from the Brønnøysund Register Centre's change log from the next registered change.
Documents
Certificates of registration and other documents require a separate agreement with a document provider.
Transparency
Sources and data quality
Company information
Brønnøysund Register Centre · Public register
Last retrieved 15 November 2026 at 12:53
Open official sourceRoles
Brønnøysund Register Centre · Public register
Last retrieved 15 November 2026 at 12:53
Open official sourceAccounts and key figures
Register of Company Accounts · Public register
Last retrieved 15 November 2026 at 12:53
Open official sourceAddress (verified)
Norwegian Mapping Authority – Geonorge address API · Public register
Last retrieved 15 November 2026 at 12:53
Open official sourceCentral approval
Norwegian Building Authority (DiBK) · No approval found
Last retrieved 15 November 2026 at 12:53
Open official sourceIndustry standard (SN2007)
Statistics Norway – KLASS · Official standard
Last retrieved 15 November 2026 at 12:53
Open official source
Public registry data is updated periodically and cannot be changed by the company. Calculated figures are marked “Calculated by us”.
Report an errorSource
Public registry fields on this page come from the Central Coordinating Register and cannot be changed by the company. Self-reported content is marked separately.
Read about the data sources