Cablemec AS
Not financial advice. The index, rank, signals and advice are rule-based indications from the latest filed annual accounts. They are not a credit rating, an assessment of management or a recommendation to buy, sell or do business with the company. Read more
Key facts
Is the company run well?
Five key figures against companies in the Morning class Micro in the same sector. Green is better than most, amber about like the industry and red weaker than most.
- Profitability · operating margin 32.1% Better than the industry Industry: 4.1%
- Returns · return on assets 47.5% Better than the industry Industry: 7.3%
- Solidity · equity ratio 37.1% About like the industry Industry: 39.9%
- Liquidity · current ratio 1.58 About like the industry Industry: 1.70
The mark comes from the company's place among comparable companies (percentile): green from 60, amber from 40, red below 40. Negative equity, an operating loss and a current ratio under 1 pull it down regardless. Methodology
Score · fiscal year 2025
72of 100
How to read this: the company is ahead of 90 % of companies in the Morning class Micro in the same sector in 2025. What does this mean?
Rank in the Morning class Micro: 351 of 3,344 · What are Morning company classes?
Place in the whole sector: 721 of 7,072 · Industri
Profile
Cheetah · Sprinter
High profitability, lower resilience
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 93 and resilience 49 out of 100 among companies in the Morning class Micro in the same sector in 2025. Methodology
Against the sector
Cablemec AS is 21 points above the median for companies in the Morning class Micro in the same sector in 2025.
Median score 51 among 3,344 companies.
Against companies in the Morning class Micro in the same sector in 2025: operating margin 32.1% (median 4.1%) and equity ratio 37.1% (median 39.9%).
How it has gone · 2024–2025
Revenue rose from 0.0 MNOK in 2024 to 8.0 MNOK in 2025. The equity ratio rose from −33.1% in 2024 to 37.1% in 2025.
Amounts in the reporting currency. The full year-by-year table is further down under «Details». See every figure year by year
Accounts in short
| Key figure | 2024 | 2025 |
|---|---|---|
| Operating revenue | 0.0 MNOK | 8.0 MNOK |
| Operating profit | 0.0 MNOK | 2.6 MNOK |
| Net profit | 0.0 MNOK | 2.0 MNOK |
| Total assets | 0.0 MNOK | 5.4 MNOK |
| Equity | 0.0 MNOK | 2.0 MNOK |
| Total liabilities | 0.1 MNOK | 3.4 MNOK |
From the Brønnøysund Register Centre, in the company's reporting currency (NOK). See every figure year by year
From the Central Coordinating Register
- Org. no.
- 934672267
- Legal form
- AS
- Sector
- Industri (27.320)
- Purpose
- Produksjon av andre elektroniske og elektriske ledninger og kabler, handel, agentur og markedsføring av elektroniske komponenter, og deltakelse i andre selskaper med samme eller lignende formål.
- Morning company class
- Micro
- Employees
- 17 registered 10 October 2026
- Founded
- 19 November 2024 1 years in operation
- Share capital
- 0.04 MNOK
- Business address
- Kilemokroken 9B, 3516 HØNEFOSS (RINGERIKE)
- Municipality
- Ringerike rank 6–11 of 13 in KOSTRA group 10
- Latest accounts filed
- 2025
- VAT registered
- Yes
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
Cablemec AS has a score of 72 for 2025, rank 721 of 7,072 in the sector.
Strongest: Profitability: percentile 93 against peers, operating margin 32.1% against a median of 4.1%. Consistency: percentile 64 against peers.
No area is clearly below its peers.
Worth a closer look
- Receivables equal far more days of revenue than at comparable companies. Do customers pay late, or are these loans to companies in the same group? Based on: receivable days 74 days (median 35 days).
Written by fixed rules from the figures. Describes the figures, does not explain causes. Not investment or financial advice. How the summary is made
Worth a closer look
- watch
Receivables equal far more days of revenue than at comparable companies. Do customers pay late, or are these loans to companies in the same group?
Based on: Receivable days 74 days (median 35 days).
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.
See interest rates, prices and exchange rates for the sector
Data quality
No anomalies found in the figures.
Scenario analysis: the sector's weakest year
We have no accounts for 2022, the sector's weakest year, for this company.
The sector's weakest year was 2022, with a median operating margin of −0.4%. Based on the 10 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 93 | weight 40% |
|---|---|---|
| Solidity | 42 | weight 20% |
| Liquidity | 47 | weight 5% |
| Growth | – | no data, left out |
| Consistency | 64 | weight 10% |
Three goals: profitability 40%, growth 25%, resilience 35%. Why these weights?
Index version 3. Data completeness 75%: the share of the weights that had data.
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 8 MNOK | 3 MNOK |
| Operating margin | 32.1% | 4.1% |
| Profit margin | 32.0% | 3.5% |
| Return on assets | 47.5% | 7.3% |
| Equity ratio | 37.1% | 39.9% |
| Debt-to-equity | 1.70 | 1.09 |
| Current ratio | 1.58 | 1.70 |
| Revenue growth | – | 5.0% |
| Revenue per employee | 0.47 MNOK | 0.79 MNOK |
The median and “ahead of” refer to companies in the Morning class Micro in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 72, Cablemec AS does better than 90% of companies in the Morning class Micro in the same sector (3,344 companies) in 2025.
Score over time
Score over time needs at least two fiscal years with a score. It will appear when next year's figures are fetched or history is imported.
Working capital and debt
| Measure | Company | Median | |
|---|---|---|---|
| Working capital | |||
| Receivable days All current receivables, including those on group companies, in days of revenue. |
74 days | 35 days | |
| Inventory and other current assets, days Current assets other than receivables and bank deposits, that is inventory and short-term investments, in days of revenue. |
0 days | 16 days | |
| Net working capital to revenue Current assets less bank deposits less current liabilities, divided by revenue. Negative: short-term debt funds the operations. |
−22.0% | −3.2% | |
| Cash share of current assets How much of the short-term buffer is bank deposits and cash. |
69.6% | 42.7% | |
| Debt and interest burden | |||
| Interest coverage (times) Operating result divided by all financial costs. Below 1: operations do not cover the cost of the debt. |
6,056.9 | 3.4 | |
| Financial costs as a share of debt All financial costs (interest, currency losses and other) divided by all debt, interest-free debt included. Not an interest rate. |
0.0% | 1.5% | |
| Long-term share of debt Long-term debt as a share of all debt. A low share means more falls due within a year. |
– | 28.7% | |
Net working capital (current assets less bank deposits less current liabilities): −1.8 MNOK.
The median and the bar refer to companies in the Morning class Micro in the same sector in 2025. The bar shows the share of the group with a lower figure: higher is not always better, long receivable days tie up capital, for example. These figures do not count in the score.
The industry or the company: what drove the result?
The company and its sector's drivers
Prices, rate and currency that shape the sector's year, year by year beside the operating margin of Cablemec AS. The figures stand side by side; we claim no cause.
Producer prices in manufacturing (indeks (2021 = 100))
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Producer prices in manufacturing, annual average | 100.0 | 124.7 | 129.5 | 134.4 | 138.3 | 146.7 (so far) |
| Change from the year before | +10.7% | +24.7% | +3.9% | +3.7% | +2.9% | +6.1% |
| The company's operating margin | – | – | – | – | 32.1% | – |
Source: SSB (12462, CC BY 4.0). Source
EUR/NOK (kr)
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| EUR/NOK, annual average | 10.16 | 10.10 | 11.42 | 11.62 | 11.72 | 11.04 (so far) |
| Change from the year before | −5.2% | −0.6% | +13.1% | +1.8% | +0.8% | −5.8% |
| The company's operating margin | – | – | – | – | 32.1% | – |
Source: Norges Bank (EXR, NLOD 2.0). Source
Wholesale power price (øre per kWh)
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Wholesale power price, annual average | 64.2 | 141.7 | 72.0 | 49.4 | 54.0 | 96.5 (so far) |
| Change from the year before | +466.7% | +120.8% | −49.2% | −31.4% | +9.4% | +78.4% |
| The company's operating margin | – | – | – | – | 32.1% | – |
Source: SSB (09363, CC BY 4.0). Source
USD/NOK (kr)
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| USD/NOK, annual average | 8.59 | 9.61 | 10.56 | 10.75 | 10.39 | 9.54 (so far) |
| Change from the year before | −8.8% | +11.9% | +9.9% | +1.7% | −3.3% | −8.2% |
| The company's operating margin | – | – | – | – | 32.1% | – |
Source: Norges Bank (EXR, NLOD 2.0). Source
Wage index: fabricated metal products (indeks)
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Wage index: fabricated metal products, annual average | 88.0 | 91.5 | 96.9 | 102.1 | 108.0 | 112.8 (so far) |
| Change from the year before | +3.1% | +3.9% | +6.0% | +5.4% | +5.8% | +4.5% |
| The company's operating margin | – | – | – | – | 32.1% | – |
Source: SSB (12314, CC BY 4.0). Source
We show the drivers and the margin side by side and claim no cause. Sensitivity per company is not computed until we have at least 10 years of accounts per company: with three years such figures are false precision.
What the numbers say
Cablemec AS had an operating margin of 32.1% and an equity ratio of 37.1% in 2025, and ranks 721 of 7,072 in Industri.
From 2024 to 2025: the equity ratio rose from −33.1% to 37.1% and went from a loss to a profit before tax.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 5 MNOK and 19 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 25.8 | 16 MNOK |
| EV/EBIT | 19.1 | 19 MNOK |
| P/B | 4.0 | 5 MNOK |
| EV/EBIT: from enterprise value to equity | NOK |
|---|---|
| Enterprise value (EV) at the listed multiple | 24 MNOK |
| Enterprise value after the size adjustment | 15 MNOK |
| Less net debt (rough figure) | −4 MNOK |
| Equity value | 19 MNOK |
Net debt is a rough figure: long-term liabilities minus cash. The accounts do not split interest-bearing debt from other liabilities, and short-term borrowings are not included. The size adjustment applies to the enterprise value, not to the debt.
The listed basis is the value at listed multiples. The estimate is lowered for size: a small-company premium of 4% on the cost of equity gives a value 38% lower. No separate marketability discount is applied, because the premium already allows for the company being small and unlisted.
The multiples are from the listed industry that matches the NACE code (27): Machinery.
Not financial advice. The value range is a rough model estimate from listed-company multiples, not a valuation, a price target or a price offer. The actual value may differ greatly. Read more
A mechanical estimate from public accounts, not advice. A mechanical estimate from public accounts with listed multiples and fixed adjustments. Not a valuation and not advice to buy or sell. See the calculation
Questions and answers
How profitable is Cablemec AS?
The operating margin was 32.1% in 2025, against a median of 4.1% among companies in the Morning class Micro in the same sector. Return on assets was 47.5%.
How solid is Cablemec AS?
The equity ratio was 37.1% in 2025 (median 39.9%). Debt-to-equity was 1.70 (median 1.09).
What is the liquidity of Cablemec AS like?
The current ratio was 1.58 in 2025 (median 1.70).
How does Cablemec AS compare in Industri?
Cablemec AS ranks 721 of 7,072 in Industri for 2025. Among companies in the Morning class Micro it is number 351 of 3,344.
Competitors
The 8 closest competitors in the same line of business, placed in the same matrix as the sector page: profitability up, resilience to the right. These are the companies the competitor analysis and the strategy report compare with.
Each bubble is a company: this company and its closest competitors in the same line of business and size, the same ones the competitor analysis uses. Placement is 0–100 against the whole sector and Morning company class: further right is more robust, higher up is more profitable. Bubble size is revenue. The light bubble and arrow show where the company stood the year before. Pick a profile to see fewer at a time.
| Company | Profile | Operating revenue | Operating margin | Score |
|---|---|---|---|---|
| Teccon AS |  Lion |
372 MNOK | 14.0% | 71 |
| Nexans Skagerrak AS |  Cheetah |
354 MNOK | 83.8% | 49 |
| Westcontrol Berget AS | Cheetah |
307 MNOK | 7.7% | 49 |
| NKT AS |  Elephant |
286 MNOK | 2.7% | 49 |
| Nexans Vessel Management AS | Cheetah |
203 MNOK | 7.1% | 47 |
| Norcable AS | Cheetah |
142 MNOK | 5.2% | 43 |
| Inpro AS | Lion |
27 MNOK | 11.1% | 70 |
| Ewitech AS | Cheetah |
12 MNOK | 7.4% | 49 |
| Cablemec AS (this company) | Cheetah |
8 MNOK | 32.1% | 72 |
The selection is the closest in revenue within the same industry code. When you order, you can swap competitors. Order competitor analysis
Group structure · 2025
4 companies in the group according to the shareholder register for 2025. A company counts as a subsidiary when a Norwegian company owns more than half of its shares.
No owner holds more than half of the shares in Conmec AS.
Conmec AS has not filed group accounts in open data, so the group has no index of its own. Each company has its own accounts.
The group in figures
- Sectors
- Handel (1 company), Industri (1 company), Eiendom (2 companies) 4 of 4 companies in the tree have accounts with us. Sectors are sorted by the companies' own revenue, which includes sales between the group's companies.
- Employees in Norway
- 23 in all. Ringerike 17, Oslo 6 Registered employees in the Central Coordinating Register, by the municipality of the business address. Employees may work elsewhere.
- Changed 2024–2025
- 2 companies joined the group: Kilemokroken 9 S14 AS, Kilemokroken 9 S15 AS.
-
Conmec AS
- Cablemec AS you are here
- Kilemokroken 9 S14 AS
- Kilemokroken 9 S15 AS
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.
Source: the Norwegian Tax Administration's shareholder register 2025 (majority owner with more than 50 % of the shares). Voting agreements and ownership through other countries are not included.
Ownership and roles
Loading roles …
Source: Central Coordinating Register, fetched 1 November 2026. Only names are shown.
Shareholders (2025)
- Number of shareholders
- 1 (one owner)
- Largest owner
- 100.0%
- Split
- companies 100% · private persons 0% · foreign 0%
- Owned from the same municipality
- 0%
- Group chain
-
Owned by: Conmec AS (100%)
Ultimate owner: Conmec AS
- Conmec AS · 100.0%
The company is new in the shareholder register in 2025.
Source: the Norwegian Tax Administration's shareholder register as of 2025. Figures may be older than today's ownership. Private persons are not shown by name.
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.
Is this your company? Suggest changes or add information
Figures last fetched 5 November 2026.
Year by year · 2024–2025
| Key figure | 2024 | 2025 | Trend |
|---|---|---|---|
| Index | – | 72 | |
| Rank | – | 721 | |
| Operating margin | – | 32.1% | |
| Return on assets | −118.6% | 47.5% | |
| Equity ratio | −33.1% | 37.1% | |
| Current ratio | 0.75 | 1.58 | |
| Revenue growth | – | – |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2024 | 2025 |
|---|---|---|
| Operating revenue | 0.0 MNOK | 8.0 MNOK |
| Operating profit | 0.0 MNOK | 2.6 MNOK |
| Profit before tax | 0.0 MNOK | 2.6 MNOK |
| Tax expense | 0.0 MNOK | 0.6 MNOK |
| Net profit | 0.0 MNOK | 2.0 MNOK |
| Financial expenses | 0.0 MNOK | 0.0 MNOK |
| Total assets | 0.0 MNOK | 5.4 MNOK |
| Current assets | 0.0 MNOK | 5.4 MNOK |
| Equity | 0.0 MNOK | 2.0 MNOK |
| Retained earnings | 0.0 MNOK | 2.0 MNOK |
| Total liabilities | 0.1 MNOK | 3.4 MNOK |
| Current liabilities | 0.1 MNOK | 3.4 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 5 November 2026, accounts id 6531525.
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