CORMATE AS
Score · fiscal year 2025
42of 100
How to read this: the company is ahead of 36 % of small companies in the same sector in 2025. What does this mean?
Rank: 25,037 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 41 and solidity 33 out of 100 among small companies in the same sector in 2025. Methodology
Against the sector
CORMATE AS is 8 points below the median for small companies in the same sector in 2025.
Median score 50 among 36,110 companies.
Against small companies in the same sector in 2025: operating margin 0.5% (median 2.5%) and equity ratio 24.9% (median 38.3%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 48 MNOK | 3 MNOK |
| Operating margin | 0.5% | 2.5% |
| Profit margin | −2.3% | 2.2% |
| Return on assets | 1.1% | 4.0% |
| Equity ratio | 24.9% | 38.3% |
| Debt-to-equity | 3.02 | 0.99 |
| Current ratio | 6.06 | 1.70 |
| Revenue growth | −15.7% | 3.5% |
| Revenue per employee | 3.20 MNOK | 1.62 MNOK |
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 42, CORMATE AS does better than 36% of small companies in the same sector (36,579 companies) in 2025.
Score 2023–2025
- CORMATE AS
- Median: small companies in the same sector
CORMATE AS has a score of 42 for 2025, rank 25,037 of 38,670 in the sector.
Strongest: Liquidity: percentile 85 against peers, current ratio 6.06 against a median of 1.70.
Weakest: Growth: percentile 21 against peers, revenue growth −15.7% against a median of 3.5%. Solidity: percentile 33 against peers, equity ratio 24.9% against a median of 38.3%.
Worth a closer look
- The company made a loss before tax. Are these one-off items or a pattern? Based on: profit margin −2.3% (median 2.2%).
- What lies behind weak growth, and will it last?
- 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
CORMATE AS had an operating margin of 0.5% and an equity ratio of 24.9% in 2025, and ranks 25,037 of 38,670 in Handel.
From 2024 to 2025: revenue fell by 16%.
This text is generated automatically from the 2025 accounts.
Three simple methods
One method gives a figure: 12 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | debt above value |
| P/B | 1.0 | 12 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
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −2.3% (median 2.2%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 4.6% 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.
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 | 41 | weight 30% |
|---|---|---|
| Solidity | 33 | weight 25% |
| Liquidity | 85 | weight 15% |
| Growth | 21 | weight 15% |
| Consistency | 41 | weight 15% |
Durability: 47 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is CORMATE AS?
The operating margin was 0.5% in 2025, against a median of 2.5% among small companies in the same sector. Return on assets was 1.1%. The company made a loss before tax.
How solid is CORMATE AS?
The equity ratio was 24.9% in 2025 (median 38.3%). Debt-to-equity was 3.02 (median 0.99).
What is the liquidity of CORMATE AS like?
The current ratio was 6.06 in 2025 (median 1.70).
How does CORMATE AS compare in Handel?
CORMATE AS ranks 25,037 of 38,670 in Handel for 2025. Among companies of the same size (small companies) it ranks 23,329 of 36,579. Revenue changed by −15.7% from the year before.
From the Central Coordinating Register
- Org. no.
- 987307471
- Legal form
- AS
- Sector
- Handel (46.490)
- Size tier
- small
- Employees
- 15 registered 10 January 2026
- Founded
- 13 September 2004 22 years in operation
- Share capital
- 0.20 MNOK
- Business address
- Svestadveien 29, 1458 FJELLSTRAND (NESODDEN)
- Municipality
- Nesodden rank 5 of 38 in KOSTRA group 7
- Latest accounts filed
- 2025
- Website
- www.hydrodesign.no
- LEI
- 2549008Y6IEAFZZWND35 not renewed (lapsed)
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
- Sverre Brynjulf Haraldsen
- Chair of the board
- Egil Ranvig
- Board member
- Stian Ranvig
- Board member
- Jon Aksel Brynildsen
- Auditor
- MOORE AS
- Accountant
- ECIT SERVICES AS
Source: Central Coordinating Register, fetched 29 October 2026. Only names are shown.
- Parent company
- Parent not reported
Source: GLEIF (Global Legal Entity Identifier Foundation), fetched 29 October 2026. The parent is the one the company itself reported to GLEIF.
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 29 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 57 | 41 | 42 | |
| Rank | 13,135 | 24,949 | 25,037 | |
| Operating margin | 11.8% | 0.0% | 0.5% | |
| Return on assets | 17.4% | 1.1% | 1.1% | |
| Equity ratio | 25.0% | 22.6% | 24.9% | |
| Current ratio | 2.94 | 4.21 | 6.06 | |
| Revenue growth | – | −14.7% | −15.7% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 66.8 MNOK | 57.0 MNOK | 48.0 MNOK |
| Operating profit | 7.9 MNOK | 0.0 MNOK | 0.3 MNOK |
| Profit before tax | 6.5 MNOK | −0.4 MNOK | −1.1 MNOK |
| Net profit | 5.2 MNOK | −0.2 MNOK | −0.8 MNOK |
| Financial expenses | 1.7 MNOK | 0.9 MNOK | 1.6 MNOK |
| Total assets | 47.5 MNOK | 51.5 MNOK | 47.7 MNOK |
| Current assets | 37.5 MNOK | 43.4 MNOK | 41.2 MNOK |
| Equity | 11.9 MNOK | 11.6 MNOK | 11.9 MNOK |
| Retained earnings | 4.4 MNOK | 4.2 MNOK | 3.3 MNOK |
| Total liabilities | 35.6 MNOK | 39.8 MNOK | 35.8 MNOK |
| Current liabilities | 12.8 MNOK | 10.3 MNOK | 6.8 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 29 October 2026, accounts id 7034292.
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