Corner AS

Org. no. 976792009 · Nordkapp · 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

Employees – Not registered in the Central Coordinating Register
Operating revenue · 2025 3.1 MNOK Micro
Net profit · 2025 1.7 MNOK
Equity · 2025 8.2 MNOK
Founded 1996 30 years in operation
Quick check · fiscal year 2025

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 −1.1% Weaker than the industry Industry: 1.9%
  • Returns · return on assets 16.2% Better than the industry Industry: 5.8%
  • Solidity · equity ratio 63.3% Better than the industry Industry: 15.1%
  • Liquidity · current ratio 7.34 Better than the industry Industry: 1.02
  • Growth · revenue growth 16.8% Better than the industry Industry: 5.8%

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

68of 100

How to read this: the company is ahead of 82 % of companies in the Morning class Micro in the same sector in 2025. What does this mean?

Rank in the Morning class Micro: 972 of 5,473 · What are Morning company classes?
Place in the whole sector: 1,370 of 8,037 · Overnatting og servering

Profile

Lion · Leader

High profitability, high resilience

Position against comparable companies in 2025, not a verdict on the company. Based on profitability 52 and resilience 75 out of 100 among companies in the Morning class Micro in the same sector in 2025. Methodology

Against the sector

Corner AS is 18 points above the median for companies in the Morning class Micro in the same sector in 2025.

Median score 50 among 5,461 companies.

Against companies in the Morning class Micro in the same sector in 2025: operating margin −1.1% (median 1.9%) and equity ratio 63.3% (median 15.1%).

Source: Register of Company Accounts and Central Coordinating RegisterFetched 9 November 2026Report an issue
Development

How it has gone · 2023–2025

Revenue rose by 27 % from 2023 to 2025, to 3.1 MNOK. The operating margin rose from −32.4% in 2023 to −1.1% in 2025. The equity ratio fell from 92.1% in 2023 to 63.3% in 2025.

Score · 2025 68 +10 points since 2023 (better)
Operating revenue · 2025 3.1 MNOK +27% since 2023 (better)
Net profit · 2025 1.7 MNOK +561% since 2023 (better)
Operating margin · 2025 −1.1% +31.3 pp since 2023 (better)
Equity ratio · 2025 63.3% −28.8 pp since 2023 (weaker)
Current ratio · 2025 7.34 +5.08 since 2023 (better)

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 figure202320242025
Operating revenue2.4 MNOK2.6 MNOK3.1 MNOK
Operating profit−0.8 MNOK−3.4 MNOK0.0 MNOK
Net profit0.3 MNOK−2.6 MNOK1.7 MNOK
Total assets9.8 MNOK12.0 MNOK12.9 MNOK
Equity9.0 MNOK6.4 MNOK8.2 MNOK
Total liabilities0.8 MNOK5.6 MNOK4.7 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.
976792009
Legal form
AS
Sector
Overnatting og servering (56.110)
Purpose
Kafé/restaurantvirksomhet, salg/utleie av fritidsbåter samt delta i andre selskaper med lignende virksomhet.
Morning company class
Micro
Employees
0–4 (not registered) Payroll costs in the accounts: 0.6 MNOK (2025).
Founded
1 July 1996 30 years in operation
Share capital
0.30 MNOK
Business address
Fiskeriveien 2A, 9750 HONNINGSVÅG (NORDKAPP)
Municipality
Nordkapp rank 3–9 of 9 in KOSTRA group 3
Latest accounts filed
2025
VAT registered
Yes
LEI
984500AC62D2CBE83E74 renews 25 August 2027
The company's business municipality, Nordkapp. The map shows the municipality, not the address. Map source: Kartverket (CC BY 4.0).

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

Summary analysis

Corner AS has a score of 68 for 2025, rank 1,370 of 8,037 in the sector.

Strongest: Liquidity: percentile 97 against peers, current ratio 7.34 against a median of 1.02. Growth: percentile 85 against peers, revenue growth 16.8% against a median of 5.8%.

No area is clearly below its peers.

Worth a closer look

Written by fixed rules from the figures. Describes the figures, does not explain causes. Not investment or financial advice. How the summary is made

Indications · 2025

Worth a closer look

  • critical

    The operating result does not cover the financial costs. How will the debt be serviced, and what do the lenders say?

    Based on: Interest coverage (times) −0.1 (median 2.2); Financial costs as a share of debt 7.6% (median 0.7%).

  • 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 220 days (median 11 days).

Indications based on the latest annual accounts from open data. Not investment or financial advice.

Financial costs were 7.6% 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.

Stress test · 2021

Scenario analysis: the sector's weakest year

We have no accounts for 2021, the sector's weakest year, for this company.

The sector's weakest year was 2021, with a median operating margin of −12.1%. Based on the 10 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology

Components · 2025

What the score is made of

Profitability52 weight 40%
Solidity85 weight 20%
Liquidity97 weight 5%
Growth85 weight 25%
Consistency44 weight 10%

Three goals: profitability 40%, growth 25%, resilience 35%. Why these weights?

Durability: 54 (average over 3 years)

Index version 3. Data completeness 100%: the share of the weights that had data.

Key figures · 2025

The numbers behind the score

The numbers behind the score · 2025
MeasureCompanyMedianAhead of
Operating revenue3 MNOK4 MNOK
Operating margin −1.1% 1.9% 35 %
Profit margin 55.9% 1.3% shown, not part of the index
Return on assets 16.2% 5.8% 68 %
Equity ratio 63.3% 15.1% 88 %
Debt-to-equity 0.58 1.90 81 %
Current ratio 7.34 1.02 97 %
Revenue growth 16.8% 5.8% 71 %

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 68, Corner AS does better than 82% of companies in the Morning class Micro in the same sector (5,473 companies) in 2025.

Over time

Score 2023–2025

CompanyMedian0255075100202320242025
  • Corner AS
  • Median: companies in the Morning class Micro in the same sector
Working capital and debt · 2025

Working capital and debt

Working capital and debt · 2025
MeasureCompanyMedianHigher than
Working capital
Receivable days
All current receivables, including those on group companies, in days of revenue.
220 days 11 days 96 %
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.
61 days 5 days 98 %
Net working capital to revenue
Current assets less bank deposits less current liabilities, divided by revenue. Negative: short-term debt funds the operations.
57.4% −10.3% 98 %
Cash share of current assets
How much of the short-term buffer is bank deposits and cash.
46.5% 63.1% 35 %
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.
−0.1 2.2 40 %
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.
7.6% 0.7% 95 %
Long-term share of debt
Long-term debt as a share of all debt. A low share means more falls due within a year.
87.2% 21.8% 91 %

The operating result is negative, so the interest coverage is negative: operations cover none of the financial costs.

Net working capital (current assets less bank deposits less current liabilities): 1.8 MNOK.

Of the financial costs of 0.4 MNOK, 0.3 MNOK is reported as interest costs in the accounts.

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.

Our calculations Returns and quality · 2025

Returns, debt against earnings and quality

Returns, debt against earnings and quality · 2025
MeasureCompanyMedianHigher than
Returns
Return on equity (ROE)
Net result over the average of equity at the start and end of the year (the end alone when last year is missing). Not calculated with negative equity.
23.6% 19.3% 54 %
Return on capital employed (ROCE)
Operating result over capital employed, that is total assets less current liabilities. The return regardless of how the company is financed.
−0.3% 14.8% 29 %
Net margin
Net result over revenue. The first part of the DuPont split of return on equity.
55.9% 1.1% 99 %
Asset turnover (revenue over assets)
Revenue over total assets: how many kroner of revenue each krone of assets gives. The second part of the DuPont split.
0.24 3.40 4 %
Equity multiplier
Total assets over equity: 4 means three quarters is financed with debt. The third part of the DuPont split.
1.58 2.90 19 %
Debt and financing
Net debt in times operating result
Long-term liabilities less cash, over the operating result: roughly how many years the business must earn to repay the debt. A negative figure means more cash than long-term debt. Rough, because the accounts do not split out interest-bearing debt. Only calculated when the operating result is positive.
– −0.7 not compared
Fixed-asset cover
Equity plus long-term liabilities over fixed assets (total assets less current assets). Below 1: fixed assets are partly financed with short-term debt.
1.45 1.00 69 %
Quick ratio (without inventory)
Cash plus receivables over current liabilities. Like the current ratio but without inventory and short-term investments.
6.50 0.89 97 %
Quality and resilience
Effective tax rate
Tax expense over profit before tax, only when the profit is positive. Far from 22% points to one-off items, tax losses carried forward or group contributions.
0.0% 22.0% 7 %
Operating leverage
Percentage change in operating result over percentage change in revenue from last year. 3 means a 1% fall in revenue gives a 3% fall in operating result. Only calculated when revenue moved at least 2% and last year's operating result was positive.
– 1.4 not compared
Payroll costs over revenue
Payroll costs (with employer's contribution and pension) over revenue. Shows how much of revenue is a fixed cost in a service business.
20.8% 38.4% 12 %
Revenue safety margin
How far revenue can fall before the operating result is zero, assuming payroll is fixed and all other costs follow revenue. A calculation, not a measurement: depreciation and rent are also fixed, so reality is lower.
– 16.6% not compared
Cash runway (months)
Cash over the operating loss per month, only for years with a loss. Assumes the loss continues unchanged and no new financing arrives. Capped at 120 months.
120 mo. 12 mo. 95 %

DuPont on the closing balance: net margin 55.9% × asset turnover 0.24 × multiplier 1.58 = 21.1% of equity at the end of the year. The return on equity above uses average equity and can differ slightly.

The operating result is not positive, so net debt over operating result and the safety margin are not calculated.

The median and the bar are for companies in the Morning class Micro in the same sector in 2025. The bar shows the share of the group with a lower figure: high is not always good. The figures are our own calculations from the annual accounts and do not count in the score. Open data has no depreciation, so no EBITDA, and the accounts do not split out interest-bearing debt. How we calculate

The industry or the company: what drove the result?

In 2025 the operating margin of Corner AS rose by 126.8 percentage points. Comparable companies fell by a median 0.5 points. So the company did 127.3 points better than the industry, for reasons of its own.

Over 2 year-to-year changes Corner AS moved the same way as comparable companies 0 times. About 0% of the changes in operating margin were common to the industry; the rest was the company's own.

The operating margin of Corner AS against comparable companies, year by year
YearThe companyComparable (median) Change, companyChange, industryThe company's own
2024−127.9%2.4% −95.6 percentage points +0.4 percentage points −95.9 percentage points
2025−1.1%1.9% +126.8 percentage points −0.5 percentage points +127.3 percentage points

Comparable companies are those in the same industry and Morning company class. Their change shows what hit the whole industry, the sector drivers below included. The rest is the company's own: contracts, costs, one-off items or operations. The share is approximate, and we claim no cause.

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 Corner AS. The figures stand side by side; we claim no cause.

Service prices: accommodation and food (indeks (2021 = 100))

Service prices: accommodation and food rose 3.6% in 2025; the operating margin of Corner AS rose 126.8 percentage points.

Service prices: accommodation and food per year and the operating margin of Corner AS
Measure202120222023202420252026
Service prices: accommodation and food, annual average100.0107.9114.0118.8123.1126.9 (so far)
Change from the year before–+7.9%+5.7%+4.1%+3.6%+3.1%
The company's operating margin––−32.4%−127.9%−1.1%–

Source: SSB (14335, CC BY 4.0). Source

Turnover index: accommodation and food service (indeks (2021 = 100))

Turnover index: accommodation and food service rose 2.3% in 2025; the operating margin of Corner AS rose 126.8 percentage points.

Turnover index: accommodation and food service per year and the operating margin of Corner AS
Measure202120222023202420252026
Turnover index: accommodation and food service, annual average97.0139.7153.5157.8161.5170.4 (so far)
Change from the year before+23.4%+44.1%+9.9%+2.8%+2.3%+5.5%
The company's operating margin––−32.4%−127.9%−1.1%–

Source: SSB (13863, CC BY 4.0). Source

Consumer price index (indeks (2025 = 100))

Consumer price index rose 3.0% in 2025; the operating margin of Corner AS rose 126.8 percentage points.

Consumer price index per year and the operating margin of Corner AS
Measure202120222023202420252026
Consumer price index, annual average84.389.294.197.0100.0103.0 (so far)
Change from the year before+3.5%+5.8%+5.5%+3.2%+3.0%+3.0%
The company's operating margin––−32.4%−127.9%−1.1%–

Source: SSB (14710, CC BY 4.0). Source

EUR/NOK (kr)

EUR/NOK rose 0.8% in 2025; the operating margin of Corner AS rose 126.8 percentage points.

EUR/NOK per year and the operating margin of Corner AS
Measure202120222023202420252026
EUR/NOK, annual average10.1610.1011.4211.6211.7211.04 (so far)
Change from the year before−5.2%−0.6%+13.1%+1.8%+0.8%−5.8%
The company's operating margin––−32.4%−127.9%−1.1%–

Source: Norges Bank (EXR, NLOD 2.0). Source

Policy rate (prosent)

Policy rate fell 0.20 percentage points in 2025; the operating margin of Corner AS rose 126.8 percentage points.

Policy rate per year and the operating margin of Corner AS
Measure202120222023202420252026
Policy rate, annual average0.081.323.544.504.304.17 (so far)
Change from the year before−0.28 percentage points+1.24 percentage points+2.22 percentage points+0.96 percentage points−0.20 percentage points−0.12 percentage points
The company's operating margin––−32.4%−127.9%−1.1%–

Source: Norges Bank (IR, NLOD 2.0). Source

Wage index: food and beverage service (indeks)

Wage index: food and beverage service rose 6.5% in 2025; the operating margin of Corner AS rose 126.8 percentage points.

Wage index: food and beverage service per year and the operating margin of Corner AS
Measure202120222023202420252026
Wage index: food and beverage service, annual average88.091.396.4101.5108.1110.6 (so far)
Change from the year before+3.5%+3.8%+5.6%+5.4%+6.5%+2.3%
The company's operating margin––−32.4%−127.9%−1.1%–

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.

Analysis · 2025

What the numbers say

Corner AS had an operating margin of −1.1% and an equity ratio of 63.3% in 2025, and ranks 1,370 of 8,037 in Overnatting og servering.

From 2024 to 2025: the operating margin rose from −127.9% to −1.1% and went from a loss to a profit before tax.

This text is generated automatically from the 2025 accounts.

Estimated value · 2025

Three simple methods

Our calculations

Suggested price: about 17 MNOK

The mean of the 1 methods below (P/E, EV/EBIT and P/B with listed multiples and a size adjustment), rounded to two significant figures. It is a calculation, not a bid or a valuation. Fewer than three methods gave a figure, so the mean is weaker than it looks.
That is about 56,667 NOK per share, on 300 shares in the shareholder register.

One method gives a figure: 17 MNOK.

MethodInputMultipleListed basisEstimate
P/E Net profit (mean 2023–2025): −0.2 MNOK 19.8 – not meaningful
EV/EBIT Operating profit (mean 2023–2025): −1.4 MNOK 16.2 – not meaningful
P/B Equity: 8.2 MNOK 3.3 27 MNOK 17 MNOK

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 (56): Restaurant/Dining.

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

Our calculations

Figures you will not find in any register

We calculated these figures ourselves from the accounts and registers we have read. The company has not reported them and the Brønnøysund Register Centre does not publish them. They are indications and are not part of the index. How we calculate

Equity paid out or paid in
Equity moved as the result implied in 2025.
Calculated as retained earnings at the start of the year + net result − retained earnings at the end of the year. What remains is dividends and group contributions, plus transfers to other items and corrections of earlier years. It is not a dividend figure.
Owners and leadership aged 60 or older
Several signs that a generation change may be coming.
  • The chair is 60 or older.
  • The managing director is 60 or older.
  • 1 of 2 on the board are 60 or older.
Age is this year minus the birth year in the registers and can be a year off. It says something about age, not about anyone planning to step down.

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

2025

Questions and answers

How profitable is Corner AS?

The operating margin was −1.1% in 2025, against a median of 1.9% among companies in the Morning class Micro in the same sector. Return on assets was 16.2%.

How solid is Corner AS?

The equity ratio was 63.3% in 2025 (median 15.1%). Debt-to-equity was 0.58 (median 1.90).

What is the liquidity of Corner AS like?

The current ratio was 7.34 in 2025 (median 1.02).

How does Corner AS compare in Overnatting og servering?

Corner AS ranks 1,370 of 8,037 in Overnatting og servering for 2025. Among companies in the Morning class Micro it is number 972 of 5,473. Revenue changed by 16.8% from the year before.

2025

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.

Seoul Søstre AS: 80 / 81Fosnavåg Gatekjøkken AS: 13 / 7NABOEN PIZZA & Grill AS: 14 / 12Pearl of India AS: 6 / 7Corner AS: 52 / 75Asiamix AS: 73 / 84Pop AS: 42 / 86Bcb AS: 45 / 37Sogndal Sandwich AS: 8 / 800252550507575100100Resilience, percentile against peers →↑ Profitability, percentile against peers

CompanyProfileOperating revenueOperating marginScore
Seoul Søstre AS Lion 3 MNOK 14.1% 83
Fosnavåg Gatekjøkken AS Beaver 3 MNOK −7.3% 10
NABOEN PIZZA & Grill AS Beaver 3 MNOK −7.3% 17
Pearl of India AS Beaver 3 MNOK −42.2% 6
Corner AS (this company) Lion 3 MNOK −1.1% 68
Asiamix AS Lion 3 MNOK 5.2% 70
Pop AS Elephant 3 MNOK 0.4% 55
Bcb AS Beaver 3 MNOK 1.2% 36
Sogndal Sandwich AS Beaver 3 MNOK −10.5% 11

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

2 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.

Private persons own 100% of the shares in Corner AS. Persons are not shown by name.

Corner 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
Overnatting og servering (2 companies) 2 of 2 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
17 in all. Nordkapp 17 Registered employees in the Central Coordinating Register, by the municipality of the business address. Employees may work elsewhere.
  • Corner AS you are here operating · index 68 · number 1370 of 8037 in Overnatting og servering
    • Uteliv i Nordkapp AS 100% owned · operating · index 69 · number 1199 of 8037 in Overnatting og servering

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 7 November 2026. Only names are shown.

Parent company
Parent does not consolidate the company

Source: GLEIF (Global Legal Entity Identifier Foundation), fetched 31 October 2026. The parent is the one the company itself reported to GLEIF.

Shareholders (2025)

Number of shareholders
1 (one owner)
Largest owner
100.0%
Split
companies 0% · private persons 100% · foreign 0%
Owned from the same municipality
100%
Group chain
Ultimate owner: private person

Change 2007–2025: no material change in the owners.

Majority owner of: Uteliv i Nordkapp AS (100%)

The portfolio: 7 of the companies it owns shares in have accounts with us, 1 of them as majority owner. The average index is 55. 0 have negative equity and 3 made a loss in the latest year.

Holds shares in: Swiss Life Ref Esg Nordic 2022 Invest i AS (0%), Cubera Impact 2022 Invest AS (0%), Nordkapp Eiendom AS (33%), Havna Eiendom AS (50%), Uteliv i Nordkapp AS (100%), Visit Nordkapp AS (6%), Nordkappregionen Næringshage AS (0%)

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.

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Figures last fetched 9 November 2026.

Details

Year by year · 2023–2025

Key figure202320242025Trend
Index583668
Rank2,5735,2941,370
Operating margin−32.4%−127.9%−1.1%
Return on assets3.1%−18.1%16.2%
Equity ratio92.1%53.6%63.3%
Current ratio2.263.777.34
Revenue growth–9.1%16.8%

Accounts

From the Brønnøysund Register Centre, in the company's reporting currency (NOK).

Key figure202320242025
Operating revenue2.4 MNOK2.6 MNOK3.1 MNOK
Operating profit−0.8 MNOK−3.4 MNOK0.0 MNOK
Profit before tax0.3 MNOK−2.6 MNOK1.7 MNOK
Tax expense0.0 MNOK0.0 MNOK0.0 MNOK
Net profit0.3 MNOK−2.6 MNOK1.7 MNOK
Financial expenses0.0 MNOK0.4 MNOK0.4 MNOK
Total assets9.8 MNOK12.0 MNOK12.9 MNOK
Current assets1.7 MNOK3.5 MNOK4.4 MNOK
Equity9.0 MNOK6.4 MNOK8.2 MNOK
Retained earnings8.7 MNOK6.1 MNOK7.9 MNOK
Total liabilities0.8 MNOK5.6 MNOK4.7 MNOK
Current liabilities0.8 MNOK0.9 MNOK0.6 MNOK

Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 9 November 2026, accounts id 6910652.