What they do
Software in Oslo
Registered purpose: develop software for information flow and data analysis. The accounts show almost no sales in 2025. Reported fact
Simple version
Explain it like I’m ten
Same company, fewer jargon words — numbers from the 2025 accounts. [R2025]
How much they sold
About 2 thousand kr
2025 sales NOK 2,000 — down from NOK 130,000 in 2024. [C01]
Did they make money?
No — lost ~1.9m
Net loss NOK 1.91m in 2025, the fourth straight loss year. [R2025]
Cash in the box
About 6.0m kr
Cash rebuilt to NOK 6.02m after a large capital increase (paid-in equity to NOK 12.58m). [C03]
At a glance · 2025
Key figures
Revenue / sales
2 000
NOK · [R2025]
Net result
-1 911 747
NOK · [R2025]
Equity
5 940 045
NOK · [R2025]
Cash
6 022 160
NOK · [R2025]
Total assets
6 121 929
NOK · [R2025]
Investments (book)
11 930
NOK · [R2025]
Trends
Four-year arc
Charts use figures extracted from published annual reports (2022–2025).
Sales / revenue
Equity & cash
Cost / investment lines
Salary costs (lønnskostnader)
FTEs (årsverk)
From notes when disclosed; blank years mean not found in OCR.
Watch list
Three things to notice
Losses continue despite fresh capital
Paid-in equity jumped again in 2025, but operating losses stayed ~NOK 1.9m.
Sales almost disappeared
From NOK 130k (2024) to NOK 2k (2025). Activity type and customers are undisclosed.
Unnamed subsidiary on the books
NOK 11,930 investment in a subsidiary since 2024 — name and ownership % not in the filing. Unknown
Analyst briefing
Company read — signals, board & numbers
Auto-written from filings, Brreg kunngjøringer, board timeline, address history, and the signal board. Interpretive — not investment advice.
Year by year
Comparing consecutive annual reports
Each filing pair has a dedicated, crawlable article page (main SEO surface). Below is a preview of the latest comparison — open the hub for every year.
Executive summary
Capital-funded software builder, not yet a sales engine
PERLO SOFTWARE AS was incorporated on 7 January 2022 [R2022] with NACE 62.100 (programming services). Across 2022–2025 the company posted cumulative net losses of roughly NOK 6.6m while owners injected paid-in equity from NOK 3.23m (2022) to NOK 12.58m (2025) [C03]. Latest accounts — Årsregnskap 2025, approved 11 July 2026 (journal 2026 708673) — show sales of only NOK 2,000, an operating loss of NOK 1.90m, and cash of NOK 6.02m [R2025]. Equity ratio is high (~97%) because the balance sheet is mostly cash funded by owners — not because the business is profitable Interpretation.
What improved
Balance sheet repaired by owners
What deteriorated
Still burning cash with almost no revenue
- Revenue ↓
Sales −98% YoY
Sales fell from NOK 130,000 to NOK 2,000 [C01].
- Profitability ↓
Fourth consecutive net loss
Net loss NOK 1.91m in 2025 — similar scale to prior years despite capital inflows [R2025].
- Costs
Salary + COGS still material
2025 salary NOK 914k and COGS NOK 713k against NOK 2k sales [R2025]. Headcount (årsverk) not filled in the notes Unknown.
Open questions
What the latest report leaves unanswered
Who owns Perlo — and who owns the subsidiary?
Shareholder names are not in the annual accounts. The NOK 11,930 subsidiary is unnamed. Year-end ownership would need Skatteetaten’s Aksjonærregisteret or the company’s aksjeeierbok — not Brreg filings.
What is the commercial model?
Purpose text mentions data-analysis software, but 2025 sales are negligible. No customer or product disclosure.
Ratios
Ratios from the 2025 accounts
Curated set calculated from published figures. Select one year for a snapshot, or multiple years to graph each metric.
Source citations
Every material claim traces here
R = annual reportC = calculation
- [R2022]Årsregnskap 2022 · incorporation year; op. loss −1.88m; paid-in 3.23m; cash 1.30m; development 234k
- [R2023]Årsregnskap 2023 · sales 30k; net −1.07m; cash 1.19m
- [R2024]Årsregnskap 2024 · sales 130k; net −1.77m; subsidiary investment 11.9k appears; development written to 0
- [R2025]Årsregnskap 2025 · sales 2k; net −1.91m; equity 5.94m; cash 6.02m; paid-in 12.58m; subsidiary 11.9k; journal 2026 708673
- [C01]Sales YoY: 130,000 → 2,000 = −98.5%
- [C02]Equity YoY: 551,793 → 5,940,045
- [C03]Paid-in: 3.23m (2022) → 4.23m → 5.28m → 12.58m (2025)
- [C04]Cash YoY: 649,818 → 6,022,160
- [C05]Equity ratio: 5,940,045 / 6,121,929 = 97.0%
- [C06]Current ratio: 6,109,999 / 181,883 = 33.6
Original annual reports
Source documents
Published annual accounts from Brønnøysundregistrene (org.nr 928 669 149). Registry date = Brønnøysund kopi header. On-time status uses the fee deadline (§ 8-3): send before 1 August — shown as 31 July. Approval cutoff remains 30 June.
Årsregnskap 2025Approved 11.07.202611 days after 30.06 approval cutoffFee deadline 31.07.2026Registry 23.07.2026On time vs fee deadline
Årsregnskap 2024Approved 30.06.2025Fee deadline 31.07.2025Registry 09.07.2025On time vs fee deadline
Årsregnskap 2023Approved 28.06.2024Fee deadline 31.07.2024Registry 02.08.20242 days after fee deadline
Årsregnskap 2022Approved 28.06.2023Fee deadline 31.07.2023Registry 03.07.2023On time vs fee deadline
Signals
Hard · medium · soft
Derived from published accounts, Brreg roles, and kunngjøringer. Soft signals are interpretive — not facts or buying proof.
Registered address
Where the company sat over time
From Brreg «Endring av forretningsadresse» filings. Hubs and c/o addresses are tagged so you can see the path from incubator to own office.
Board & management
Who joined and left
Diffed from Styre / Daglig leder kunngjøringer (full public history).
Løsøreregisteret
Heftelser & rettsstiftelser
Active pant / utlegg and other registrations from Brreg’s public rettsstiftelser oppslag (not a full credit report).
Kunngjøringer
Full registry history
Ownership
Owners, officers & filing notes
Aksjonærregisteret trees when available; otherwise Brreg officers (name + birth date) and any «Aksjeeiere» note from the annual accounts. Soft signals and YoY diffs are from the local register extract — not investment advice.
Buyer profile
What they may buy next
Sales-oriented read of industry, stage, filings, and registry signals — what this company is likely to purchase or hire over the next year. Interpretive, not a stated budget.