Progressus Management AS
ASDissolvedOrg 990689946Kongsgårdbakken 1, 4005 StavangerFund management activities· NACE 6630Est. 2006 · 19 years old0 employeeshttps://www.progressus.no
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Overview
Progressus Management AS is a Norwegian AS based in Stavanger, operating in the Fund management activities sector. Incorporated in 2006, the company has 0 employees and reported revenue of NOK 2.7m in its latest annual filing.
Revenue 2021
2.7M NOK
+4% vs 2020
EBITDA margin
55.9 %
+3% vs 2020
Net profit 2021
1.4M NOK
+3% vs 2020
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
81.4 %
Very strongAmong the 20% highest rated companies in the industry
20172021
Liquidity ratioCurrent assets ÷ Short-term debt
1.5×
AverageAround the average of companies in the same industry
20172021
Return on assets (ROA)Net profit ÷ Total assets × 100
29.4 %
Very strongAmong the 20% highest rated companies in the industry
20172021
EBITDA — year on year
NOK thousandsKey figures
Annual report 2021| Revenue | 2.7M NOK | +4% |
| EBITDA | 1.5M NOK | +3% |
| Net profit | 1.4M NOK | +3% |
| Total assets | 4.7M NOK | -56% |
| Equity | 3.9M NOK | -47% |
| Employees | 0 | — |
Company information
Legal name
PROGRESSUS MANAGEMENT AS
Org number
990689946
Legal form
Aksjeselskap
NACE code
6630 · Fund management activities
Founded
21 December 2006 · 19 years
Share capital
NOK 100,000
Employees
0 (FTE)
VAT registered
No
Audit selected
No
Last report
2021-12-31
Financial year
January – December
Signatory rights
Styret i fellesskap.
Company purpose
Å drive konsulent- og rådgivningstjenester overfor investeringsfond og investeringsselskaper samt å foreta og forvalte investeringer i andre virksomheter og verdipapirer og annen virksomhet i tilknytning til dette.
(no translation available)
Contact
Address
Kongsgårdbakken 1, 4005 Stavanger
Website
https://www.progressus.no
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Financial development
In its most recent annual report (2021), Progressus Management AS reported revenue of NOK 2.7m, an increase of 4% on the year before. The figures on this page draw on 5 annual filings covering 2017 to 2021. The bottom line showed a net profit of NOK 1.4m, and the EBITDA margin stood at 55.9%.
At the end of 2021, equity financed 81.4% of the balance sheet, and current assets covered short-term debt 1.5 times.
Financials
Revenue
NOK thousandsEBITDA
NOK thousandsIncome statement
NOK thousands| Item | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|
| Revenue | 2,675 | 2,579 | 2,573 | 2,777 | 3,470 |
| Staff expenses | -926 | -920 | -905 | -797 | -1,130 |
| EBITDA | 1,496 | 1,454 | 1,439 | 1,748 | 2,046 |
| Depreciation & amort. | -0 | -0 | -0 | -0 | -0 |
| EBIT | 1,496 | 1,454 | 1,439 | 1,748 | 2,046 |
| Net financials | -102 | 348 | 301 | 291 | 274 |
| Profit before tax | 1,394 | 1,802 | 1,740 | 2,039 | 2,319 |
| Tax | -0 | 451 | 461 | 510 | 558 |
| Net profit | 1,394 | 1,350 | 1,279 | 1,529 | 1,761 |
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Balance sheet
NOK thousands| Item | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|
| Total assets | 4,733 | 10,779 | 9,855 | 8,905 | 8,461 |
| Equity | 3,850 | 7,264 | 5,914 | 4,635 | 3,506 |
| Long-term debt | 0 | 0 | 0 | 0 | 0 |
| Short-term debt | 883 | 3,515 | 3,941 | 4,270 | 4,955 |
| Total debt | 883 | 3,515 | 3,941 | 4,270 | 4,955 |
Financial ratios
5-year trendEBITDA margin
55.9 %
20172021
Equity ratio
81.4 %
Very strongAmong the 20% highest rated companies in the industry
20172021
Return on equity
36.2 %
StrongAmong the 40% highest rated companies in the industry
20172021
Net profit margin
52.1 %
StrongAmong the 30% highest rated companies in the industry
20172021
Asset turnover
0.57×
AverageAround the average of companies in the same industry
20172021
Debt / equity
0.23×
Very strongAmong the 20% highest rated companies in the industry
20172021
Sector performance
27 of 28 ratios graded28 financial ratios from the latest filing, each graded against companies in the same industry.
Profitability
Gross marginVery weak
Among the 20% lowest rated companies in the industry
The gross result as a share of revenue — how much of the revenue is left after variable costs to cover the company's fixed costs.
Operating marginVery strong
Among the 20% highest rated companies in the industry
EBIT as a share of revenue — the share of revenue remaining as earnings once all operating costs are covered. A key measure of earning power.
Net profit marginStrong
Among the 30% highest rated companies in the industry
The profit for the year as a share of revenue — the company's ability to turn revenue into profit.
Return on equity (ROE)Strong
Among the 40% highest rated companies in the industry
Net profit as a percentage of equity — the return the owners earned on their invested capital this year.
Return on assets (ROA)Very strong
Among the 20% highest rated companies in the industry
Net profit as a percentage of total assets — the return generated on the capital employed.
Return on net assets (RONA)Strong
Among the 40% highest rated companies in the industry
Profit relative to net assets (total assets minus total debt) — the ability to generate earnings from the net asset base alone.
Basic earning power (BEP)Strong
Among the 30% highest rated companies in the industry
EBIT relative to total assets — the company's earning power before the effects of tax and financial leverage.
Capacity ratioVery strong
Among the 20% highest rated companies in the industry
Shows how strongly fixed costs weigh on the gross result — a high ratio means fixed costs take only a small bite out of the earnings from basic operations.
Liquidity
Current ratioAverage
Around the average of companies in the same industry
Current assets relative to short-term debt — the ability to settle short-term obligations with current assets alone. Around 150% is considered satisfactory from a credit perspective.
Quick ratioAverage
Around the average of companies in the same industry
Current assets excluding inventory relative to short-term debt — whether the most liquid assets alone can cover the short-term obligations. A value of 1 or above signals a healthy liquidity position.
Cash ratioStrong
Among the 30% highest rated companies in the industry
Cash relative to short-term debt — the ability to repay short-term obligations with cash alone.
Current assets to equityStrong
Among the 30% highest rated companies in the industry
Current assets relative to equity — an indicator of the balance-sheet structure and of the company's short- and long-term financing. The healthy level is highly industry-dependent.
Fixed assets to long-term capitalWeak
Among the 30% lowest rated companies in the industry
Fixed assets relative to long-term capital (equity plus long-term liabilities). Below 100% means the long-term capital finances more than just the fixed assets — a healthier liquidity position.
Cash conversion ratioAverage
Around the average of companies in the same industry
Cash flow relative to profit — the ability to convert reported profits into accessible cash.
Debt & solvency
Solidity ratioVery strong
Among the 20% highest rated companies in the industry
Equity as a share of total assets — the ability to absorb losses. Around 40% is considered satisfactory from a credit perspective.
Debt ratioVery strong
Among the 20% highest rated companies in the industry
Total debt relative to the balance-sheet total — the share of the assets financed by debt rather than equity.
Debt to equityVery strong
Among the 20% highest rated companies in the industry
Debt relative to equity — the company's leverage. A higher value means heavier reliance on debt financing.
Liabilities to equityStrong
Among the 30% highest rated companies in the industry
Total liabilities relative to equity — whether the company operates primarily on borrowed capital or on its own.
Income to debtVery strong
Among the 20% highest rated companies in the industry
Profit relative to debt — the ability to create earnings while operating with debt.
EBITDA to debtVery strong
Among the 10% highest rated companies in the industry
EBITDA relative to debt — how much operating earnings are available to service the debt.
Interest coverageAverage
Around the average of companies in the same industry
The ability to pay the interest on the company's debt out of its earnings.
Interest rate on debtWeak
Among the 30% lowest rated companies in the industry
Financial expenses relative to total liabilities — the effective interest rate the company pays on its debt.
Interest marginAverage
Around the average of companies in the same industry
The return on assets minus the interest rate on debt. Positive means the company benefits from operating with debt; negative means the debt makes it worse off.
Efficiency & development
Asset turnoverAverage
Around the average of companies in the same industry
Revenue relative to total assets — the ability to generate revenue from the asset base.
Equity to contributed capitalStrong
Among the 30% highest rated companies in the industry
Total equity relative to the capital the owners contributed — how the equity has developed from its starting point.
One-year change in equityVery weak
Among the 10% lowest rated companies in the industry
The size of this year's increase or decrease in the company's equity.
One-year change in debtVery strong
Among the 10% highest rated companies in the industry
The size of this year's increase or decrease in the company's debt.
Inventory turnoverNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Revenue relative to inventory — how many times a year the inventory is sold and replaced. A low value can indicate weak sales or excess inventory.
Annual reports & filings
- Annual report 2021Filed via Brønnøysundsregistrene · Period 2021-01-01 – 2021-12-31
- Annual report 2020Filed via Brønnøysundsregistrene · Period 2020-01-01 – 2020-12-31
- Annual report 2019Filed via Brønnøysundsregistrene · Period 2019-01-01 – 2019-12-31
- Annual report 2018Filed via Brønnøysundsregistrene · Period 2018-01-01 – 2018-12-31
- Annual report 2017Filed via Brønnøysundsregistrene · Period 2017-01-01 – 2017-12-31
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|
Former (1)
RJ Chief Executive Officer | Chief Executive Officer | 2006 – 2022 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (2) | ||
RJ Chairman | Chairman | 2014 |
PA Board of Directors | Board of Directors | 2014 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 26.79% | 26.79% | 2020 | |
| Company | 60.71% | 60.71% | 2020 | |
| Company | 12.5% | 12.5% | 2020 |
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Related companies
Company hierarchy
Investment & Management Services As
Progressus Management AS (this company)Board network connections
Board members of Progressus Management AS also hold positions in 30 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Rune Jensen | Chief Executive Officer | 17 companiesMany roles |
| Per Arne Jensen | Board of Directors | 13 companiesMany roles |
Frequently asked questions
What is the Org number of Progressus Management AS?
Progressus Management AS is registered with Brønnøysundsregistrene under Org 990689946.
What is the revenue of Progressus Management AS?
Progressus Management AS reported revenue of NOK 2.7m in 2021.
Who is the chairman of Progressus Management AS?
Rune Jensen chairs the board of Progressus Management AS, in role since 2014.
Where is Progressus Management AS headquartered?
Progressus Management AS's registered address is Kongsgårdbakken 1.