CODAN NORGE AS
Score · fiscal year 2025
68of 100
How to read this: the company is ahead of 86 % of medium-sized companies in the same sector in 2025. What does this mean?
Rank: 6,248 of 38,670 · Handel
Profile
Lion · Leader
High profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 92 and solidity 76 out of 100 among medium-sized companies in the same sector in 2025. Methodology
Against the sector
CODAN NORGE AS is 19 points above the median for medium-sized companies in the same sector in 2025.
Median score 49 among 2,198 companies.
Against medium-sized companies in the same sector in 2025: operating margin 15.6% (median 3.2%) and equity ratio 53.5% (median 32.6%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 106 MNOK | 173 MNOK |
| Operating margin | 15.6% | 3.2% |
| Profit margin | 16.1% | 3.2% |
| Return on assets | 31.8% | 11.6% |
| Equity ratio | 53.5% | 32.6% |
| Debt-to-equity | 0.87 | 2.03 |
| Current ratio | 2.05 | 1.38 |
| Revenue growth | −1.5% | 6.8% |
| Revenue per employee | 11.75 MNOK | 6.45 MNOK |
The median and “ahead of” refer to medium-sized companies in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 68, CODAN NORGE AS does better than 86% of medium-sized companies in the same sector (2,203 companies) in 2025.
Score 2023–2025
- CODAN NORGE AS
- Median: medium-sized companies in the same sector
CODAN NORGE AS has a score of 68 for 2025, rank 6,248 of 38,670 in the sector.
Strongest: Profitability: percentile 92 against peers, operating margin 15.6% against a median of 3.2%. Liquidity: percentile 77 against peers, current ratio 2.05 against a median of 1.38.
Weakest: Growth: percentile 22 against peers, revenue growth −1.5% against a median of 6.8%.
Worth a closer look
- What lies behind weak growth, 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
CODAN NORGE AS had an operating margin of 15.6% and an equity ratio of 53.5% in 2025, and ranks 6,248 of 38,670 in Handel.
From 2024 to 2025: the operating margin rose from 9.9% to 15.6%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 30 MNOK and 150 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 133 MNOK |
| EV/EBIT | 8.0 | 150 MNOK |
| P/B | 1.0 | 30 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
- positive
Upper quartile on profitability, solidity and liquidity. What sets this company apart from the rest of the sector?
Based on: Operating margin 15.6% (median 3.2%); Equity ratio 53.5% (median 32.6%); Current ratio 2.05 (median 1.38).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 1.9% 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 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 | 92 | weight 30% |
|---|---|---|
| Solidity | 76 | weight 25% |
| Liquidity | 77 | weight 15% |
| Growth | 22 | weight 15% |
| Consistency | 42 | weight 15% |
Durability: 70 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is CODAN NORGE AS?
The operating margin was 15.6% in 2025, against a median of 3.2% among medium-sized companies in the same sector. Return on assets was 31.8%.
How solid is CODAN NORGE AS?
The equity ratio was 53.5% in 2025 (median 32.6%). Debt-to-equity was 0.87 (median 2.03).
What is the liquidity of CODAN NORGE AS like?
The current ratio was 2.05 in 2025 (median 1.38).
How does CODAN NORGE AS compare in Handel?
CODAN NORGE AS ranks 6,248 of 38,670 in Handel for 2025. Among companies of the same size (medium-sized companies) it ranks 320 of 2,203. Revenue changed by −1.5% from the year before.
Public contracts
- Contracts awarded since 2024
- 1
- Total awarded value since 2024
- value not stated
- Framework agreements
- 1
- Left out of the total: the value is a ceiling, not actual spend.
| Date | Buyer | Notice | Value |
|---|---|---|---|
| 8 August 2025 | SYKEHUSINNKJØP HF | Diverse forbruksmateriell innen anestesi, behandlingshjelpemidler og intensiv til helseforetakene i Helse Vest | 9.5 MNOK (framework) |
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.
- 938940258
- Legal form
- AS
- Sector
- Handel (46.460)
- Size tier
- medium
- Employees
- 9 registered 10 August 2026
- Founded
- 12 May 1986 40 years in operation
- Share capital
- 0.50 MNOK
- Business address
- Ask, 2022 GJERDRUM
- Municipality
- Gjerdrum rank 3 of 40 in KOSTRA group 1
- 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
- Svenn Roger Tufteland
- Chair of the board
- Deirdre Husted-Andersen
- Board member
- Alexandra Husted-Andersen
- Auditor
- SLM REVISJON AS
- Accountant
- MYHRERS RTB AS
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 28 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 74 | 68 | 68 | |
| Rank | 4,444 | 5,888 | 6,248 | |
| Operating margin | 3.3% | 9.9% | 15.6% | |
| Return on assets | 9.1% | 20.9% | 31.8% | |
| Equity ratio | 68.3% | 54.4% | 53.5% | |
| Current ratio | 2.86 | 2.07 | 2.05 | |
| Revenue growth | – | 1.6% | −1.5% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 105.7 MNOK | 107.4 MNOK | 105.8 MNOK |
| Operating profit | 3.5 MNOK | 10.7 MNOK | 16.5 MNOK |
| Profit before tax | 3.4 MNOK | 10.9 MNOK | 17.1 MNOK |
| Net profit | 2.7 MNOK | 8.5 MNOK | 13.3 MNOK |
| Financial expenses | 0.7 MNOK | 0.3 MNOK | 0.5 MNOK |
| Total assets | 44.9 MNOK | 53.7 MNOK | 55.2 MNOK |
| Current assets | 40.7 MNOK | 50.8 MNOK | 52.5 MNOK |
| Equity | 30.7 MNOK | 29.2 MNOK | 29.5 MNOK |
| Retained earnings | 30.2 MNOK | 28.7 MNOK | 29.0 MNOK |
| Total liabilities | 14.2 MNOK | 24.5 MNOK | 25.6 MNOK |
| Current liabilities | 14.2 MNOK | 24.5 MNOK | 25.6 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 28 October 2026, accounts id 6766020.
Further
Similar companies
- KARS NENSET AS index 68, rank 6,205 · compare
- PLM GROUP NORGE AS index 68, rank 6,215 · compare
- LARS ANDERSEN ANNO 1867 ENGELSVIKEN AS index 68, rank 6,217 · compare
- SHIMANO NORDIC AS index 68, rank 6,237 · compare
- FAGERBERG AS index 68, rank 6,273 · compare