AS · est 2016SandefjordParent · 2 subsidiarieswas HEGG INDUSTRIES INVEST 1 AS →2019
Brreg · companies
headcount series appears after two register changes
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
5 registered roles
| Daglig leder | Lars Fredrik Bakke Multiple boards | 2024-06-19 | |
| Styrets leder | Oluf Ulseth Multiple boards | 2024-09-30 | |
| Styremedlem | Bjørnar Hernes Misund Multiple boards | 2024-09-30 | |
| Styremedlem | Øyvind Holth Thoresen | 2024-09-30 | |
| Styremedlem | Ragnhild Apeland Katteland Multiple boards | 2024-09-30 |
| 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 · company_revenue · FY2025 (company)
register ledger · money
| 2026-07-17 | reg | accounts_filed: sisteInnsendteAarsregnskap | 2024 -> 2025 |
| 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 |
Ownership chain · ultimate → thisJO ODFJELL AS 100% →FARVATN AS 92% →FARVATN PRIVATE EQUITY AS 91% →self
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 ↔ CPVsubscribers 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
Group revenue kr 233.4MGroup net kr -11.9MTenders won 0Rolled up across the parent + 2 subsidiaries — Passer Products AS alone is kr 217.6M.
rollup estimate · filed konsernregnskap not yet in Intelligo
| 100% | |||
| Passer Products AS | 100% | Manufacture of other fabricated metal products n.e.c. | kr 217.6M |
| Passer Marine AS | 25.5% |
Aksjonærregisteret · company_ownership · 2025 · both directions
FY2025audit: No reservationsErnst & Young AS5 full-time equivalentssigned: Oluf Ulseth, Øyvind Holth Thoresen, Bjørnar Hernes Misund, Ragnhild Apeland Katteland, Lars Fredrik Bakke
Regnskapsregisteret (årsberetning) · company_annual_reports
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 om” |
| Ownership | 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 er” |
| Ownership | 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. 1 369 150 125 050 700 126 419 850” |
| Dividend | 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 43 884” |
| Related 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 lanebelopet” |
| Related 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.PASSER” |
| Pledge 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 med” |
| Pledge 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 2024” |
| Post 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-og” |
| Post 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 ny” |
| Post 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 for” |
| Loan 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 rapportering” |
| Loan 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 Passer” |
| Restructuring | Measures taken during the year resulted in significant cost reductions and improved competitiveness. | “Tiltakeneharresultert i betydeligekostnadsreduksjoner oggjort det muliga forbedre” |
| Other | 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 regnskapsmessig” |
| Other | 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 var” |
| Subsidiary | 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 fremtidig” |
| Capitalised 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 % av” |
| Deferred 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 er” |
registered 2016-12-15contact@passer.no
Brreg · companies
register ledger · 29 events
| 2026-07-17 | reg | accounts_filed: sisteInnsendteAarsregnskap | 2024 -> 2025 |
| 2025-12-31 | report | Audit opinion | Ernst & Young AS issued an unmodified opinion on the company and group financial statements for 2025. — oppfyller arsregnskapet gjeldende... |
| 2025-12-31 | report | 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. — op... |
| 2025-12-31 | report | Going concern | The board considers the group's financial position satisfactory and the going concern assumption to be present. — Arsregnskapet for PASSE... |
| 2025-12-31 | report | Ownership | PASSER Group AS is 91% owned by Farvatn Private Equity AS, part of the JO Odfjell AS group which prepares consolidated accounts. — PASSER... |
| 2025-12-31 | report | Ownership | Shareholder list shows Farvatn Private Equity AS with 90,63% and LFB Invest AS with 2,34% of shares and votes. — Farvatn Private Equity A... |
| 2025-12-31 | report | 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... |
| 2025-12-31 | report | Dividend | No dividend; the 2025 loss of NOK 3 557 768 is proposed covered by transfer against the share premium fund. — underskuddet dekkes ved ove... |
| 2025-12-31 | report | Remuneration | Board fees of NOK 662 496 were paid in 2025. — Det er utbetalt kr 662 496i styrehonorari 2025. |
| 2025-12-31 | report | 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... |
| 2025-12-31 | report | Related party | Long-term interest-bearing receivable on the associated company UAB Asas Nuosavybes, partly subordinated to bank loans and partly convert... |
| 2025-12-31 | report | Related party | Long-term interest-bearing loan to PASSER SIDC UAB, partly subordinated to bank loans. — **** Langsiktig lan til PASSER SIDC UAB. Lanet r... |
| 2025-12-31 | report | 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... |
| 2025-12-31 | report | Pledge 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... |
| 2025-12-31 | report | Pledge or guarantee | PASSER Group AS has issued a guarantee towards subsidiary PASSER Products AS. — PASSER Group AS har stilt garanti overfor datterselskapet... |
| 2025-12-31 | report | Pledge or guarantee | The guarantee frame for PASSER Group AS was NOK 85 000 000 in both 2025 and 2024. — Garantiansvar GarantirammePASSERGroupAS 85 000 000 ... |
| 2025-12-31 | report | Post balance sheet event | In January 2026 the group established a new main bank relationship with increased credit and guarantee facilities. — I januar 2026 etable... |
| 2025-12-31 | report | Post 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... |
| 2025-12-31 | report | Post 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 ... |
| 2025-12-31 | report | Loan or financing | New financial covenants from 08.01.2026 include a group equity ratio requirement of 35% with annual reporting by 1 August. — til konserne... |
| 2025-12-31 | report | Loan or financing | The group account scheme has a credit limit of NOK 70 000 000. — Konsernkontoordningen har en kredittimit pakr 70 000 000. |
| 2025-12-31 | report | 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.M... |
| 2025-12-31 | report | 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 foret... |
| 2025-12-31 | report | Restructuring | Measures taken during the year resulted in significant cost reductions and improved competitiveness. — Tiltakeneharresultert i betydelige... |
| 2025-12-31 | report | Other | PASSER Rental AS was merged into PASSER Group AS during 2025 with accounting continuity, simplifying the group structure. — Ilopet av 202... |
| 2025-12-31 | report | Other | The company was the acquiring entity in a 2025 merger where the transferor was Passer Rental AS (org. nr. 820 781 902). — Selskapet har v... |
| 2025-12-31 | report | Subsidiary | PASSER Products AS sells self-developed industrial products and owns 60% of UAB PASSER SIDC GROUP in Lithuania; the board expects future ... |
| 2025-12-31 | report | Capitalised 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... |
| 2025-12-31 | report | Deferred tax | Net deferred tax asset is recognised only to the extent it is probable it can be utilised; the parent has accumulated tax loss carryforwa... |
Skiwo · company_events