Private · Company · Aksjeselskap
Passer Group AS
918 194 738 ↗Manufacture of other fabricated metal products n.e.c. · NACE 25.990Sandefjordwww.passer.no ↗was HEGG INDUSTRIES INVEST 1 AS →2019
↳ Brreg · companies
Employees5
CEO · sinceLars Fredrik Bakke 2024-06
Chair · sinceOluf Ulseth 2024-09
BOARD · 4 ROLES
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
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
company
| 2024 | 2025 | ||
|---|---|---|---|
| Revenue | kr 10.7M | kr 15.7M | |
| Operating result | kr -9.37M | kr -6.08M | |
| Net result | kr -4.29M | kr -3.56M |
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | ||
|---|---|---|---|---|---|---|---|
| Revenue | kr 10.7M | kr 15.7M | |||||
| Operating result | kr -9.37M | kr -6.08M | |||||
| Net result | kr -4.29M | kr -3.56M |
Total assets kr 183.3MEquity kr 126.4M
Regnskapsregisteret · rollup across ownership edges (estimate)
accounts_filed: sisteInnsendteAarsregnskap2024 -> 2025Registry · 2026-07-17
| 2024 | 2025 | ||
|---|---|---|---|
| FARVATN PRIVATE EQUITY AS | 91 | 91 | — |
| VESTCORP AS | 1 | 1 | — |
| LFB INVEST AS | 2 | 2 | — |
| MEADOWS AS | 0 | 0 | — |
| ASEKOM AS | 1 | 1 | — |
| SPURV-ON AS | 1 | 1 | — |
| TITI AS | 1 | 1 | — |
| GYRARI AS | 1 | 1 | — |
| BKE INVEST AS | 0 | 0 | — |
| TAMARIN AS | 0 | 0 | — |
| + 5 smaller holders |
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | ||
|---|---|---|---|---|---|---|---|
| FARVATN PRIVATE EQUITY AS | 86 | 85 | 81 | 93 | 91 | 91 | — |
| VESTCORP AS | 2 | 2 | 2 | 1 | 1 | 1 | — |
| LFB INVEST AS | — | — | — | — | 2 | 2 | — |
| MEADOWS AS | 2 | 2 | 2 | 0 | 0 | 0 | — |
| ASEKOM AS | 2 | 2 | 2 | 1 | 1 | 1 | — |
| SPURV-ON AS | 2 | 2 | 2 | 1 | 1 | 1 | — |
| TITI AS | 2 | 2 | 2 | 1 | 1 | 1 | — |
| GYRARI AS | 2 | 2 | 2 | 1 | 1 | 1 | — |
| BKE INVEST AS | 1 | 1 | 1 | 0 | 0 | 0 | — |
| TAMARIN AS | 1 | 1 | 1 | 0 | 0 | 0 | — |
| + 5 smaller holders |
Aksjonærregisteret · company_ownership · 2025 · both directions
| 2024 | 2025 | 2026 | |
|---|---|---|---|
| auditor ERNST & YOUNG AS 2026-06-23 | ● | ||
| accountant — |
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | |
|---|---|---|---|---|---|---|---|
| auditor ERNST & YOUNG AS 2026-06-23 | ● | ||||||
| accountant — |
Brreg · company_org_roles
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 · 2026-08-14
No job ads on record in the last 12 months.
NAV Arbeidsplassen · company_job_ad_months
Web · company_sites
Owns ↓ · 2 subsidiaries
82820781902 ↗100% · —PPPasser Products AS ↗Manufacture of other fabricated metal products n.e.c.100% · kr 217.6M
Holds a stake in 1 company
From the annual report
AUDITORErnst & Young AS
OPINIONNo reservations
STAFF5 full-time equivalents
28 notes from the report
Audit opinion Ernst & Young AS issued an unmodified opinion on the company and group financial statements for 2025.
oppfyller arsregnskapet gjeldende lovkrav,Going concern The board states the accounts are prepared on a going concern basis and that the group met all financial loan covenants at year end.
oppfylte allefinansiellelanebetingelser ved utgangen av 2025.Going concern The board considers the group's financial position satisfactory and the going concern assumption to be present.
Arsregnskapet for PASSER Group AS og konsernregnskapet er avlagt under forutsetning omOwnership PASSER Group AS is 91% owned by Farvatn Private Equity AS, part of the JO Odfjell AS group which prepares consolidated accounts.
PASSER Group AS eies 91% av Farvatn Private Equity AS (org. nr. 918 194 673). Farvatn Private Equity AS erOwnership Shareholder list shows Farvatn Private Equity AS with 90,63% and LFB Invest AS with 2,34% of shares and votes.
Farvatn Private Equity AS LFB Invest AS 124 088 3199 90,63 % 2,34 % 90,63 % 2,34 %Share capital Share 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. 1 369 150 125 050 700 126 419 850Dividend No dividend; the 2025 loss of NOK 3 557 768 is proposed covered by transfer against the share premium fund.
underskuddet dekkes ved overforing mot overkursfond.Remuneration Board fees of NOK 662 496 were paid in 2025.
Det er utbetalt kr 662 496i styrehonorari 2025.Remuneration The 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 Pensjonsutgifter 90 245 godtgjorelser 43 884Related party Long-term interest-bearing receivable on the associated company UAB Asas Nuosavybes, partly subordinated to bank loans and partly convertible.
* Langsiktig fordring til det tilknyttede selskapet UAB Asas Nuosavybes. Lanet renteberegnes og lanebelopetRelated party Long-term interest-bearing loan to PASSER SIDC UAB, partly subordinated to bank loans.
**** Langsiktig lan til PASSER SIDC UAB. Lanet renteberegnes og er delvis subordinaert til banklan.Related party Other short-term debt relates to the group account scheme and subsidiaries' deposits in it; PASSER Products AS was drawn on the scheme at 31.12.25.
*Annen kortsiktig gjeld vedrorte konsernkontoordningen og datterselskaps innskudd iordningen.PASSERPledge or guarantee Farvatn Private Equity AS has provided a personal surety of NOK 15 000 000 relating to the group account scheme.
Farvatn Private Equity AS har stilt selvskyldnerkausjon pa kr 15 0o0 oo0 vedrorende konsernkontoordningen.Pledge or guarantee PASSER Group AS has issued a guarantee towards subsidiary PASSER Products AS.
PASSER Group AS har stilt garanti overfor datterselskapet PASSER Products AS om a stille opp medPledge or guarantee The guarantee frame for PASSER Group AS was NOK 85 000 000 in both 2025 and 2024.
Garantiansvar GarantirammePASSERGroupAS 85 000 000 2025 85 000 000 2024Post balance sheet event In January 2026 the group established a new main bank relationship with increased credit and guarantee facilities.
I januar 2026 etablerte konsernet nyhovedbankforbindelsemed oktekreditt-ogPost balance sheet event New group account credit and guarantee agreement signed January 2026 with pledges of MNOK 175 and an Eksfin surety of MNOK 37,5.
Januar 2026 inngikk PASSER Group AS ny avtale vedrorende konsernkontokreditt og garantiramme med nyPost balance sheet event The board states no events of material significance for the assessment of the company's or group's financial position occurred after the balance sheet date.
Det har etter balansedagen ikke inntruffet forhold somharvesentlig betydning forLoan or financing New financial covenants from 08.01.2026 include a group equity ratio requirement of 35% with annual reporting by 1 August.
til konsernets egenkapitalandel pa 35%, basert pa reviderte konsernregnskaper, med arlig rapporteringLoan or financing The group account scheme has a credit limit of NOK 70 000 000.
Konsernkontoordningen har en kredittimit pakr 70 000 000.Staff numbers The group employed on average 299 man-years in 2025 and the parent company 5.
Konsernet sysselsatte i gjennomsnitt 299 arsverk i 2025.Morselskapet hadde 5 arsverk.Impairment Shares 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 foretatt en nedskrivning av aksjene i PasserRestructuring Measures taken during the year resulted in significant cost reductions and improved competitiveness.
Tiltakeneharresultert i betydeligekostnadsreduksjoner oggjort det muliga forbedreOther PASSER Rental AS was merged into PASSER Group AS during 2025 with accounting continuity, simplifying the group structure.
Ilopet av 2025 ble PASSER Rental AS fusjonert inn i PASSER Group AS med regnskapsmessigOther The company was the acquiring entity in a 2025 merger where the transferor was Passer Rental AS (org. nr. 820 781 902).
Selskapet har vaert overtakende selskap ien fusjon gjennomfort i 2025. Overdragende selskapi fusjonen varSubsidiary PASSER Products AS sells self-developed industrial products and owns 60% of UAB PASSER SIDC GROUP in Lithuania; the board expects future earnings supporting the book value of the shares.
*PASSERProducts AS tilbyregenutviklede produktertil ulike industrielle formal.Styret forventer fremtidigCapitalised R&D PASSER Marine AS conducts research and development of LNG technology and owns 51% of PASSER Lanyu in China and 65% of Passer Marine Korea.
** PASSER Marine AS driver med forskning og utvikling av LNG-teknologi. PASSER Marine AS eier 51 % avDeferred tax Net deferred tax asset is recognised only to the extent it is probable it can be utilised; the parent has accumulated tax loss carryforward of NOK 53,6 million.
Netto utsatt skattefordel balansefores iden grad det erRegnskapsregisteret (årsberetning) · company_annual_reports
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 filed accounts form. What the board wrote around the figures is in the annual report block.
registered 2016-12-15contact@passer.no
Brreg · companies
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