PROREF AS
Score · fiscal year 2025
53of 100
How to read this: the company is ahead of 56 % of companies in the Morning class Small in the same sector in 2025. What does this mean?
Rank in the Morning class Small: 2,463 of 5,567 · What are Morning company classes?
Place in the whole sector: 8,910 of 20,439 · Bygg og anlegg
Profile
Cheetah · Sprinter
High profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 75 and solidity 30 out of 100 among companies in the Morning class Small in the same sector in 2025. Methodology
Against the sector
PROREF AS is 2 points above the median for companies in the Morning class Small in the same sector in 2025.
Median score 51 among 5,567 companies.
Against companies in the Morning class Small in the same sector in 2025: operating margin 8.2% (median 4.5%) and equity ratio 23.0% (median 34.2%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 32 MNOK | 19 MNOK |
| Operating margin | 8.2% | 4.5% |
| Profit margin | 8.2% | 4.3% |
| Return on assets | 25.9% | 11.0% |
| Equity ratio | 23.0% | 34.2% |
| Debt-to-equity | 3.34 | 1.72 |
| Current ratio | 1.28 | 1.48 |
| Revenue growth | 19.1% | 6.0% |
| Revenue per employee | 3.17 MNOK | 1.70 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 53, PROREF AS does better than 56% of companies in the Morning class Small in the same sector (5,567 companies) in 2025.
Score 2023–2025
- PROREF AS
- Median: companies in the Morning class Small in the same sector
PROREF AS has a score of 53 for 2025, rank 8,910 of 20,439 in the sector.
Strongest: Profitability: percentile 75 against peers, operating margin 8.2% against a median of 4.5%. Growth: percentile 70 against peers, revenue growth 19.1% against a median of 6.0%.
Weakest: Solidity: percentile 30 against peers, equity ratio 23.0% against a median of 34.2%. Liquidity: percentile 36 against peers, current ratio 1.28 against a median of 1.48.
Worth a closer look
- What lies behind weak solidity, and will it last?
- What lies behind weak liquidity, 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
What the numbers say
PROREF AS had an operating margin of 8.2% and an equity ratio of 23.0% in 2025, and ranks 8,910 of 20,439 in Bygg og anlegg.
From 2024 to 2025: the equity ratio fell from 46.0% to 23.0% and the operating margin fell from 14.6% to 8.2%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 2 MNOK and 26 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 22 MNOK |
| EV/EBIT | 8.0 | 26 MNOK |
| P/B | 1.0 | 2 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 0.9% 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.
Data quality
No anomalies found in the figures.
Scenario analysis: the sector's weakest year
We have no accounts for 2021, the sector's weakest year, for this company.
The sector's weakest year was 2021, with a median operating margin of 1.8%. 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 | 75 | weight 30% |
|---|---|---|
| Solidity | 30 | weight 25% |
| Liquidity | 36 | weight 15% |
| Growth | 70 | weight 15% |
| Consistency | 50 | weight 15% |
Durability: 63 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is PROREF AS?
The operating margin was 8.2% in 2025, against a median of 4.5% among companies in the Morning class Small in the same sector. Return on assets was 25.9%.
How solid is PROREF AS?
The equity ratio was 23.0% in 2025 (median 34.2%). Debt-to-equity was 3.34 (median 1.72).
What is the liquidity of PROREF AS like?
The current ratio was 1.28 in 2025 (median 1.48).
How does PROREF AS compare in Bygg og anlegg?
PROREF AS ranks 8,910 of 20,439 in Bygg og anlegg for 2025. Among companies in the Morning class Small it is number 2,463 of 5,567. Revenue changed by 19.1% from the year before.
Public contracts
- Contracts awarded since 2024
- 2
- in 1 notices (lots counted separately)
- Total awarded value since 2024
- 3.0 MNOK
- 1 contracts without a stated value are not in the total.
| Date | Buyer | Notice | Value |
|---|---|---|---|
| 8 May 2026 | Lillestrøm Kommune | Avtale om service og vedlikehold av kuldetekniske anlegg til storkjøkken (2. gangs utlysning) | 3.0 MNOK (2 lots) |
Based on notices in Doffin. Does not show call-offs under framework agreements or purchases below the publication threshold. Values are as stated by the buyer.
Source: Doffin (DFØ), fetched 27 October 2026. Winners are matched on organisation number.
Contains data under the Norwegian licence for public data (NLOD 2.0) made available by Doffin/the Norwegian Agency for Public and Financial Management (DFØ). NLOD 2.0
From the Central Coordinating Register
- Org. no.
- 931465457
- Legal form
- AS
- Sector
- Bygg og anlegg (43.222)
- Morning company class
- Small
- Employees
- 10 registered 10 October 2026
- Founded
- 3 May 2023 3 years in operation
- Share capital
- 0.06 MNOK
- Business address
- c/o Proref AS, Stallbakken 5, 2005 RÆLINGEN
- Municipality
- Rælingen rank 7–37 of 38 in KOSTRA group 7
- 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
- Chief executive
- Simen André Larssen
- Chair of the board
- Tommy Sonne Schatten
- Board member
- Simen André Larssen
- Auditor
- CROWE PARTNER REVISJON AS
- Accountant
- TO STREKER ØKONOMI AS
Source: Central Coordinating Register, fetched 29 October 2026. Only names are shown.
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 27 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 63 | 74 | 53 | |
| Rank | 5,791 | 1,894 | 8,910 | |
| Operating margin | 10.0% | 14.6% | 8.2% | |
| Return on assets | 27.2% | 57.8% | 25.9% | |
| Equity ratio | 34.1% | 46.0% | 23.0% | |
| Current ratio | 1.50 | 1.69 | 1.28 | |
| Revenue growth | – | 25.3% | 19.1% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 21.2 MNOK | 26.6 MNOK | 31.7 MNOK |
| Operating profit | 2.1 MNOK | 3.9 MNOK | 2.6 MNOK |
| Profit before tax | 2.1 MNOK | 3.9 MNOK | 2.6 MNOK |
| Net profit | 1.7 MNOK | 3.1 MNOK | 2.2 MNOK |
| Financial expenses | 0.0 MNOK | 0.0 MNOK | 0.1 MNOK |
| Total assets | 7.9 MNOK | 6.9 MNOK | 10.3 MNOK |
| Current assets | 7.8 MNOK | 6.3 MNOK | 10.1 MNOK |
| Equity | 2.7 MNOK | 3.2 MNOK | 2.4 MNOK |
| Retained earnings | – | 0.5 MNOK | – |
| Total liabilities | 5.2 MNOK | 3.7 MNOK | 7.9 MNOK |
| Current liabilities | 5.2 MNOK | 3.7 MNOK | 7.9 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 27 October 2026, accounts id 6836014.
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