Private · Company · Aksjeselskap
PASSER GROUP AS
918 194 738 ↗Manufacture of other fabricated metal products n.e.c. · NACE 25.990Sandefjordwww.passer.no ↗
↳ Brreg · companies
Parent of 2 companies820781902 · PASSER PRODUCTS ASOperating at a lossFY2025 · -39% margin
Group financialsNOK
FY24 · 11MFY25 · 16M
RevenueNet profit
Regnskapsregisteret · company_revenue
Job ads on NAV Arbeidsplassen12 MO
No job ads on record in the last 12 months.
NAV Arbeidsplassen · company_job_ad_months
Public contracts · won → est. expiryaward dates from Doffin/TED · hatched = our estimate, end dates aren't published
0 wins
Doffin/TED · company_tender_wins
Key figuresBrønnøysund
FY24FY25TREND
Revenue11M16M
Operating result-9M-6M
Net result-4M-4M
Regnskapsregisteret · company_revenue
MoneyNOK
Group revenue
kr 233.4M
Group net
kr -11.9M
Tenders won
0
Rolled up across the parent + 2 subsidiaries — PASSER PRODUCTS AS alone is kr 217.6M.
rollup estimate · filed konsernregnskap not yet in Intelligo
Regnskapsregisteret · rollup across ownership edges (estimate)
Activitylast 24 mo
No job-ad activity on file
totals on file · ads-over-time series not yet in Intelligo
Registry changes
Accounts filed · sisteInnsendteAarsregnskap2024 → 20252026-07-17
NAV + JobStream · company_hiring · Brreg · company_changes
From the FY2025 accounts
FILEDAccounts filed for FY2025.
AUDITAudited by ERNST & YOUNG AS.
GROUPFiles as a parent with 2 subsidiaries.
BALANCEEquity kr 126.4M.
Regnskapsregisteret + Brreg roles · the annual-report PDF is a paid Brønnøysund document, so these are the filed facts, not extracted prose
Timelineall sources
accounts_filed: sisteInnsendteAarsregnskap2024 -> 2025Registry · 2026-07-17
Audit opinionErnst & Young AS issued an unmodified opinion on the company and group financial statements for 2025. — oppfyller arsregnskapet gjeldende...Annual report · 2025-12-31
Going concernThe board states the accounts are prepared on a going concern basis and that the group met all financial loan covenants at year end. — op...Annual report · 2025-12-31
Going concernThe board considers the group's financial position satisfactory and the going concern assumption to be present. — Arsregnskapet for PASSE...Annual report · 2025-12-31
OwnershipPASSER Group AS is 91% owned by Farvatn Private Equity AS, part of the JO Odfjell AS group which prepares consolidated accounts. — PASSER...Annual report · 2025-12-31
OwnershipShareholder list shows Farvatn Private Equity AS with 90,63% and LFB Invest AS with 2,34% of shares and votes. — Farvatn Private Equity A...Annual report · 2025-12-31
Share capitalShare capital is NOK 1 369 150 with share premium NOK 125 050 700, total equity NOK 126 419 850 at 31.12.2025. — Egenkapital31.12. 1 369...Annual report · 2025-12-31
DividendNo dividend; the 2025 loss of NOK 3 557 768 is proposed covered by transfer against the share premium fund. — underskuddet dekkes ved ove...Annual report · 2025-12-31
RemunerationBoard fees of NOK 662 496 were paid in 2025. — Det er utbetalt kr 662 496i styrehonorari 2025.Annual report · 2025-12-31
RemunerationThe managing director received salary of NOK 2 996 706, pension NOK 90 245 and other benefits NOK 43 884. — Daglig leder 2 996 706 Lonn...Annual report · 2025-12-31
Related partyLong-term interest-bearing receivable on the associated company UAB Asas Nuosavybes, partly subordinated to bank loans and partly convert...Annual report · 2025-12-31
Related partyLong-term interest-bearing loan to PASSER SIDC UAB, partly subordinated to bank loans. — **** Langsiktig lan til PASSER SIDC UAB. Lanet r...Annual report · 2025-12-31
Related partyOther short-term debt relates to the group account scheme and subsidiaries' deposits in it; PASSER Products AS was drawn on the scheme at...Annual report · 2025-12-31
Pledge or guaranteeFarvatn Private Equity AS has provided a personal surety of NOK 15 000 000 relating to the group account scheme. — Farvatn Private Equity...Annual report · 2025-12-31
Pledge or guaranteePASSER Group AS has issued a guarantee towards subsidiary PASSER Products AS. — PASSER Group AS har stilt garanti overfor datterselskapet...Annual report · 2025-12-31
Pledge or guaranteeThe guarantee frame for PASSER Group AS was NOK 85 000 000 in both 2025 and 2024. — Garantiansvar GarantirammePASSERGroupAS 85 000 000 ...Annual report · 2025-12-31
Post balance sheet eventIn January 2026 the group established a new main bank relationship with increased credit and guarantee facilities. — I januar 2026 etable...Annual report · 2025-12-31
Post balance sheet eventNew group account credit and guarantee agreement signed January 2026 with pledges of MNOK 175 and an Eksfin surety of MNOK 37,5. — Januar...Annual report · 2025-12-31
Post balance sheet eventThe board states no events of material significance for the assessment of the company's or group's financial position occurred after the ...Annual report · 2025-12-31
Loan or financingNew financial covenants from 08.01.2026 include a group equity ratio requirement of 35% with annual reporting by 1 August. — til konserne...Annual report · 2025-12-31
Loan or financingThe group account scheme has a credit limit of NOK 70 000 000. — Konsernkontoordningen har en kredittimit pakr 70 000 000.Annual report · 2025-12-31
Staff numbersThe group employed on average 299 man-years in 2025 and the parent company 5. — Konsernet sysselsatte i gjennomsnitt 299 arsverk i 2025.M...Annual report · 2025-12-31
ImpairmentShares in PASSER Marine AS were written down by NOK 1 333 000 in 2024. — Marine AS eies av morselskapet til PASSER Group AS. Det er foret...Annual report · 2025-12-31
RestructuringMeasures taken during the year resulted in significant cost reductions and improved competitiveness. — Tiltakeneharresultert i betydelige...Annual report · 2025-12-31
OtherPASSER Rental AS was merged into PASSER Group AS during 2025 with accounting continuity, simplifying the group structure. — Ilopet av 202...Annual report · 2025-12-31
OtherThe company was the acquiring entity in a 2025 merger where the transferor was Passer Rental AS (org. nr. 820 781 902). — Selskapet har v...Annual report · 2025-12-31
SubsidiaryPASSER Products AS sells self-developed industrial products and owns 60% of UAB PASSER SIDC GROUP in Lithuania; the board expects future ...Annual report · 2025-12-31
Capitalised R&DPASSER Marine AS conducts research and development of LNG technology and owns 51% of PASSER Lanyu in China and 65% of Passer Marine Korea...Annual report · 2025-12-31
Deferred taxNet deferred tax asset is recognised only to the extent it is probable it can be utilised; the parent has accumulated tax loss carryforwa...Annual report · 2025-12-31
Skiwo · company_events
Tenders0 wins · 0 losses
No recorded tender wins.
Relevant open tenders — matched NACE 25.990 ↔ CPV
subscribers sharpen matches with per-company keywords
open-tender matching (NACE ↔ CPV) awaits Intelligo's open-tenders view
Doffin/TED · company_tender_wins · 2026-08-03
People5 roles
BOARD · 4 ROLES
Styrets lederOluf Ulseth2024StyremedlemBjørnar Hernes Misund2024StyremedlemØyvind Holth Thoresen2024StyremedlemRagnhild Apeland Katteland2024registered roles only · website-employee lookup awaits the crawler
Roles from Brreg, shown for business contact only. No birth date is shown or exported (purpose limitation, GDPR Art. 6(1)(f)).
Brreg · company_people
Structureparent
OWNERSHIP CHAIN · ULTIMATE → THIS
100%JO ODFJELL AS
92%FARVATN AS
91%FARVATN PRIVATE EQUITY AS
self
Owns ↓ · 2 subsidiaries
82820781902 ↗100% · —PPPASSER PRODUCTS AS ↗Manufacture of other fabricated metal products n.e.c.100% · kr 217.6M
Owned by ↑ · top 10
FARVATN PRIVATE EQUITY AS
90.6%LFB INVEST AS
2.3%VESTCORP AS
0.9%ASEKOM AS
0.8%TITI AS
0.8%SPURV-ON AS
0.8%GYRARI AS
0.7%BKE INVEST AS
0.4%TAMARIN AS
0.4%BRUTAL AS
0.4%Aksjonærregisteret · company_ownership · 2025 · both directions
LocationSandefjord
Sandefjord
municipality only · street address + coordinates not yet in Intelligo
Brreg · registered municipality