CARES AS
Score · fiscal year 2025
32of 100
How to read this: the company is ahead of 20 % of companies in the Morning class Medium in the same sector in 2025. What does this mean?
Rank in the Morning class Medium: 112 of 139 · What are Morning company classes?
Place in the whole sector: 1,143 of 1,432 · Forretningsmessig tjenesteyting
Profile
Beaver · Builder
Lower profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 43 and solidity 12 out of 100 among companies in the Morning class Medium in the same sector in 2025. Methodology
Against the sector
CARES AS is 19 points below the median for companies in the Morning class Medium in the same sector in 2025.
Median score 51 among 139 companies.
Against companies in the Morning class Medium in the same sector in 2025: operating margin 5.4% (median 4.8%) and equity ratio 4.2% (median 20.5%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 288 MNOK | 109 MNOK |
| Operating margin | 5.4% | 4.8% |
| Profit margin | 3.3% | 4.9% |
| Return on assets | 7.6% | 11.1% |
| Equity ratio | 4.2% | 20.5% |
| Debt-to-equity | 22.85 | 3.59 |
| Current ratio | 0.29 | 1.13 |
| Revenue growth | 20.2% | 10.4% |
| Revenue per employee | 0.22 MNOK | 1.67 MNOK |
The median and “ahead of” refer to companies in the Morning class Medium in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 32, CARES AS does better than 20% of companies in the Morning class Medium in the same sector (139 companies) in 2025.
Score 2023–2025
- CARES AS
- Median: companies in the Morning class Medium in the same sector
CARES AS has a score of 32 for 2025, rank 1,143 of 1,432 in the sector.
Strongest: Growth: percentile 63 against peers, revenue growth 20.2% against a median of 10.4%.
Weakest: Liquidity: percentile 3 against peers, current ratio 0.29 against a median of 1.13. Solidity: percentile 12 against peers, equity ratio 4.2% against a median of 20.5%.
Worth a closer look
- Consider strengthening liquidity: current liabilities are 3.5 times current assets. Based on: current ratio 0.29 (median 1.13).
- The equity ratio is very low. Could the company absorb a bad year, and does it need more equity? Based on: equity ratio 4.2% (median 20.5%).
- Strong growth with weak liquidity. Is the growth financed, or does it tie up capital the company does not have? Based on: revenue growth 20.2% (median 10.4%); current ratio 0.29 (median 1.13).
- What lies behind weak solidity, 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
CARES AS had an operating margin of 5.4% and an equity ratio of 4.2% in 2025, and ranks 1,143 of 1,432 in Forretningsmessig tjenesteyting.
From 2024 to 2025: revenue grew by 20% and the equity ratio fell from 9.9% to 4.2%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 9 MNOK and 38 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 21 MNOK |
| EV/EBIT | 8.0 | 38 MNOK |
| P/B | 1.0 | 9 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
- critical
Consider strengthening liquidity: current liabilities are 3.5 times current assets.
Based on: Current ratio 0.29 (median 1.13).
- watch
The equity ratio is very low. Could the company absorb a bad year, and does it need more equity?
Based on: Equity ratio 4.2% (median 20.5%).
- watch
Strong growth with weak liquidity. Is the growth financed, or does it tie up capital the company does not have?
Based on: Revenue growth 20.2% (median 10.4%); Current ratio 0.29 (median 1.13).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 3.2% 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 2026, the sector's weakest year, for this company.
The sector's weakest year was 2026, with a median operating margin of −35.0%. Based on the 9 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 43 | weight 30% |
|---|---|---|
| Solidity | 12 | weight 25% |
| Liquidity | 3 | weight 15% |
| Growth | 63 | weight 15% |
| Consistency | 42 | weight 15% |
Durability: 43 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is CARES AS?
The operating margin was 5.4% in 2025, against a median of 4.8% among companies in the Morning class Medium in the same sector. Return on assets was 7.6%.
How solid is CARES AS?
The equity ratio was 4.2% in 2025 (median 20.5%). Debt-to-equity was 22.85 (median 3.59).
What is the liquidity of CARES AS like?
The current ratio was 0.29 in 2025 (median 1.13). Current assets did not cover current liabilities.
How does CARES AS compare in Forretningsmessig tjenesteyting?
CARES AS ranks 1,143 of 1,432 in Forretningsmessig tjenesteyting for 2025. Among companies in the Morning class Medium it is number 112 of 139. Revenue changed by 20.2% from the year before.
Group accounts
The company is registered as part of a group, but we have no group accounts for it. Group accounts are filed by the parent company, and open data does not say which company that is.
Read the figures with care: a company in a group can look strong because of group contributions, or weak because dividends go up to the parent. The figures are indications, not the full picture.
We do not show the group structure, because open data does not say who owns whom.
Public contracts
- Contracts awarded since 2024
- 6
- in 4 notices (lots counted separately)
- Total awarded value since 2024
- value not stated
- 5 contracts without a stated value are not in the total.
- Framework agreements
- 1
- Left out of the total: the value is a ceiling, not actual spend.
| Date | Buyer | Notice | Value |
|---|---|---|---|
| 24 June 2025 | Birkenes kommune | Rammeavtale - Vikartjenester - Bemanning renhold | 12.0 MNOK (framework) |
| 19 April 2025 | BIR AS | Kjøp av diverse renholdstjenester | value not stated (3 lots) |
| 8 January 2025 | STATSBYGG | Anskaffelse av avtale om vintervedlikehold på Høgskolen på Vestlandet, Bergen, Statsarkivet og Universitetet i Bergen- Kunst, Musikk og Design | value not stated |
| 19 November 2024 | Sandefjord Lufthavn AS | Renholdstjenester TORP | value not stated |
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.
- 917860904
- Legal form
- AS · part of a group
- Sector
- Forretningsmessig tjenesteyting (81.210)
- Morning company class
- Medium
- Employees
- 1,300 registered 10 October 2026
- Founded
- 31 July 2016 10 years in operation
- Share capital
- 0.09 MNOK
- Business address
- Åshaugveien 68, 3170 SEM (TØNSBERG)
- Municipality
- Tønsberg rank 2 of 10 in KOSTRA group 11
- Latest accounts filed
- 2025
- Website
- www.cares.no
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
- Ghazi Khder Jezdin
- Chair of the board
- Ghazi Khder Jezdin
- Board member
- Patrick Øines Solrunarson
- Auditor
- CEDRA NORGE AS
- Accountant
- OSEBERG SERVICES AS
Source: Central Coordinating Register, fetched 31 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 31 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 54 | 44 | 32 | |
| Rank | 612 | 873 | 1,143 | |
| Operating margin | 9.4% | 5.9% | 5.4% | |
| Return on assets | 16.2% | 10.1% | 7.6% | |
| Equity ratio | 20.5% | 9.9% | 4.2% | |
| Current ratio | 0.73 | 0.79 | 0.29 | |
| Revenue growth | – | 51.8% | 20.2% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 157.9 MNOK | 239.7 MNOK | 288.1 MNOK |
| Operating profit | 14.8 MNOK | 14.3 MNOK | 15.6 MNOK |
| Profit before tax | 13.7 MNOK | 10.0 MNOK | 9.6 MNOK |
| Net profit | 8.9 MNOK | 4.8 MNOK | 2.1 MNOK |
| Financial expenses | 1.8 MNOK | 4.8 MNOK | 6.5 MNOK |
| Total assets | 95.0 MNOK | 147.1 MNOK | 212.2 MNOK |
| Current assets | 28.6 MNOK | 55.6 MNOK | 31.3 MNOK |
| Equity | 19.5 MNOK | 14.6 MNOK | 8.9 MNOK |
| Retained earnings | 19.4 MNOK | 14.5 MNOK | 8.8 MNOK |
| Total liabilities | 75.6 MNOK | 132.6 MNOK | 203.3 MNOK |
| Current liabilities | 39.2 MNOK | 70.7 MNOK | 109.0 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 31 October 2026, accounts id 7077437.
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