COD SOLUTIONS AS
Score · fiscal year 2025
23of 100
How to read this: the company is ahead of 15 % of small companies in the same sector in 2025. What does this mean?
Rank: 33,447 of 38,670 · Handel
Profile
Beaver · Builder
Lower profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 38 and solidity 0 out of 100 among small companies in the same sector in 2025. Methodology
Against the sector
COD SOLUTIONS AS is 27 points below the median for small companies in the same sector in 2025.
Median score 50 among 36,110 companies.
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating margin | – | 2.5% |
| Profit margin | – | 2.2% |
| Return on assets | 0.0% | 4.0% |
| Equity ratio | 0.0% | 38.3% |
| Debt-to-equity | – | 0.99 |
| Current ratio | – | 1.70 |
| Revenue growth | – | 3.5% |
The median and “ahead of” refer to small companies in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 23, COD SOLUTIONS AS does better than 15% of small companies in the same sector (36,579 companies) in 2025.
Score 2024–2025
- COD SOLUTIONS AS
- Median: small companies in the same sector
COD SOLUTIONS AS has a score of 23 for 2025, rank 33,447 of 38,670 in the sector.
Strongest: Profitability: percentile 38 against peers.
Weakest: Solidity: percentile 0 against peers, equity ratio 0.0% against a median of 38.3%. Consistency: percentile 31 against peers.
Worth a closer look
- Equity is negative. How will it be rebuilt, and what do lenders and the auditor say about going concern? Based on: equity ratio 0.0% (median 38.3%).
- The company made a loss before tax. Are these one-off items or a pattern? Based on: profit margin – (median 2.2%).
- What lies behind weak solidity, and will it last?
- What lies behind weak consistency, 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
COD SOLUTIONS AS had an operating margin of – and an equity ratio of 0.0% in 2025, and ranks 33,447 of 38,670 in Handel.
No large changes in the key figures from 2024 to 2025.
This text is generated automatically from the 2025 accounts.
Three simple methods
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | not meaningful |
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
Equity is negative. How will it be rebuilt, and what do lenders and the auditor say about going concern?
Based on: Equity ratio 0.0% (median 38.3%).
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin – (median 2.2%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 0.0% 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
- watch Revenue not reported
- watch No revenue but large assets
- critical Negative equity
Scenario analysis: the sector's weakest year
We have no accounts for 2017, the sector's weakest year, for this company.
The sector's weakest year was 2017, with a median operating margin of −65.6%. Based on the 11 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 38 | weight 30% |
|---|---|---|
| Solidity | 0 | weight 25% |
| Liquidity | – | no data, left out |
| Growth | – | no data, left out |
| Consistency | 31 | weight 15% |
Durability: 21 (average over 2 years)
Index version 2. Data completeness 70%: the share of the weights that had data.
Questions and answers
How profitable is COD SOLUTIONS AS?
The operating margin was – in 2025, against a median of 2.5% among small companies in the same sector. Return on assets was 0.0%. The company made a loss before tax.
How solid is COD SOLUTIONS AS?
The equity ratio was 0.0% in 2025 (median 38.3%). Equity is negative, so liabilities exceed assets.
How does COD SOLUTIONS AS compare in Handel?
COD SOLUTIONS AS ranks 33,447 of 38,670 in Handel for 2025. Among companies of the same size (small companies) it ranks 31,042 of 36,579.
From the Central Coordinating Register
- Org. no.
- 931866893
- Legal form
- AS
- Sector
- Handel (46.640)
- Size tier
- small
- Employees
- 0–4 (not registered)
- Founded
- 4 July 2023 3 years in operation
- Share capital
- 0.03 MNOK
- Business address
- c/o Lennart F Clausen, Leiteneset 53, 6057 ELLINGSØY (ÅLESUND)
- Municipality
- Ålesund rank 2–6 of 10 in KOSTRA group 11
- Audit
- Audit opted out from 10 August 2023
- Latest accounts filed
- 2025
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
- Lennart Fernando Clausen
- Chair of the board
- Lennart Fernando Clausen
Source: Central Coordinating Register, fetched 29 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 27 October 2026.
Year by year · 2024–2025
| Key figure | 2024 | 2025 | Trend |
|---|---|---|---|
| Index | 19 | 23 | |
| Rank | 33,353 | 33,447 | |
| Operating margin | – | – | |
| Return on assets | 0.0% | 0.0% | |
| Equity ratio | 0.0% | 0.0% | |
| Current ratio | 0.00 | – | |
| Revenue growth | – | – |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2024 | 2025 |
|---|---|---|
| Operating revenue | – | – |
| Operating profit | 0.0 MNOK | 0.0 MNOK |
| Profit before tax | 0.0 MNOK | 0.0 MNOK |
| Net profit | 0.0 MNOK | 0.0 MNOK |
| Financial expenses | 0.0 MNOK | 0.0 MNOK |
| Total assets | 20.0 MNOK | 20.0 MNOK |
| Current assets | 0.0 MNOK | 0.0 MNOK |
| Equity | 0.0 MNOK | 0.0 MNOK |
| Retained earnings | 0.0 MNOK | 0.0 MNOK |
| Total liabilities | 20.0 MNOK | 20.0 MNOK |
| Current liabilities | 20.0 MNOK | – |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 27 October 2026, accounts id 6805122.
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