Kat Development 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
Score · fiscal year 2024
Not enough data: Not enough data (below minimum revenue)
Based on the annual accounts for 2024
How it has gone · 2023–2025
Revenue fell by 71 % from 2023 to 2025, to 1.1 MNOK. The operating margin fell from −149.0% in 2023 to −367.2% in 2025. The equity ratio fell from −9.8% in 2023 to −37.6% in 2025.
Amounts in the reporting currency. The full year-by-year table is further down under «Details». See every figure year by year
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 −37.7% (median 45.0%).
- 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) −2.6 (median 29.0); Financial costs as a share of debt 4.4% (median 0.4%).
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −596.7% (median 12.6%).
- watch
The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors?
Based on: Operating margin −364.1% (median 11.8%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 4.4% of the debt in 2024. The policy rate averaged 4.50 % 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
- watch Extreme margin: check the figures
- critical Negative equity
Scenario analysis: the sector's weakest year
We have no accounts for 2026, the sector's weakest year, for this company.
The sector's weakest year was 2026, with a median operating margin of 6.4%. Based on the 9 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 1 MNOK | 2 MNOK |
| Operating margin | −364.1% | 11.8% |
| Profit margin | −596.7% | 12.6% |
| Return on assets | −20.0% | 18.6% |
| Equity ratio | −37.7% | 45.0% |
| Debt-to-equity | – | 1.06 |
| Current ratio | 9.79 | 1.66 |
| Revenue growth | −74.0% | 7.5% |
The median and “ahead of” refer to companies in the same sector in 2024. The bar shows the share of companies the figure is ahead of.
Score 2023–2025
- Kat Development AS
- Median: companies in the same sector
Working capital and debt
| Measure | Company | Median | |
|---|---|---|---|
| Working capital | |||
| Receivable days All current receivables, including those on group companies, in days of revenue. |
58 days | 54 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. |
6,750 days | 0 days | |
| Net working capital to revenue Current assets less bank deposits less current liabilities, divided by revenue. Negative: short-term debt funds the operations. |
1,668.8% | −7.0% | |
| Cash share of current assets How much of the short-term buffer is bank deposits and cash. |
0.7% | 53.6% | |
| 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. |
−2.6 | 29.0 | |
| 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. |
4.4% | 0.4% | |
| Long-term share of debt Long-term debt as a share of all debt. A low share means more falls due within a year. |
93.9% | 0.0% | |
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): 15.6 MNOK.
Of the financial costs of 1.3 MNOK, 0.5 MNOK is reported as interest costs in the accounts.
The median and the bar refer to companies in the same sector in 2024. 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.
What the numbers say
Kat Development AS had an equity ratio of −37.7% in 2024. The company is not ranked: not enough data (below minimum revenue).
From 2023 to 2024: the operating margin fell from −149.0% to −364.1% and revenue fell by 74%.
This text is generated automatically from the 2024 accounts.
Three simple methods
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 22.4 | not meaningful |
| EV/EBIT | 17.4 | not meaningful |
| P/B | 4.1 | not meaningful |
The NACE code has no listed industry of its own in the table, so the multiples are the sector median: Business & Consumer Services.
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 Kat Development AS?
The operating margin was −364.1% in 2024, against a median of 11.8% among companies in the same sector. Return on assets was −20.0%. The company made a loss before tax.
How solid is Kat Development AS?
The equity ratio was −37.7% in 2024 (median 45.0%). Equity is negative, so liabilities exceed assets.
What is the liquidity of Kat Development AS like?
The current ratio was 9.79 in 2024 (median 1.66).
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 97% of the shares in Kat Development AS. Persons are not shown by name.
Kat Development 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
- Eiendom (1 company), Revisjon, regnskap og rådgivning (1 company) 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.
- Negative equity
- 2 companies: Vindfangeren AS, Kat Development AS
- Loss
- 1 company: Vindfangeren AS
- Changed 2024–2025
- 1 company left.
A subsidiary with negative equity or a loss may be backed by the group, for example with group contributions or guarantees. It is an indication of what is worth asking about, not an assessment.
-
Kat Development AS you are here
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.
From the Central Coordinating Register
- Org. no.
- 989268627
- Legal form
- AS
- Sector
- Revisjon, regnskap og rådgivning (70.200)
- Purpose
- Konsulent-tjenester, administrasjon, varesalg, produksjon, eiendomsdrift, eie og forvalte aksjer og andre verdipapirer og fast eiendom, samt å delta i virksomhet og selskaper med samme eller lignende formål.
- Morning company class
- Micro
- Employees
- 0–4 (not registered) Payroll costs in the accounts: 0.9 MNOK (2024).
- Founded
- 22 December 2005 20 years in operation
- Share capital
- 3.35 MNOK
- Business address
- c/o Lise Asla Johnsen, Flatåsen 11, 1440 DRØBAK (FROGN)
- Municipality
- Frogn rank 5–14 of 38 in KOSTRA group 7
- Audit
- Audit opted out from 15 November 2025
- 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
Ownership and roles
Loading roles …
Source: Central Coordinating Register, fetched 7 November 2026. Only names are shown.
Shareholders (2025)
- Number of shareholders
- 2 (one owner holds more than half)
- Largest owner
- 97.0%
- Split
- companies 0% · private persons 100% · foreign 97%
- Group chain
- Ultimate owner: private person
Change 2007–2025: 7% of the shares changed owner (1 new and 1 departed owners).
Majority owner of: Vindfangeren AS (88%)
The portfolio: 3 of the companies it owns shares in have accounts with us, 1 of them as majority owner. The average index is 27. 1 have negative equity and 2 made a loss in the latest year.
Holds shares in: Individual Health Systems AS (1%), Vindfangeren AS (88%), Scana ASA (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.
Is this your company? Suggest changes or add information
Figures last fetched 10 November 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 9 | – | 32 | |
| Rank | 5,765 | – | 5,485 | |
| Operating margin | −149.0% | −364.1% | −367.2% | |
| Return on assets | −28.0% | −20.0% | 34.5% | |
| Equity ratio | −9.8% | −37.7% | −37.6% | |
| Current ratio | 20.77 | 9.79 | 136.70 | |
| Revenue growth | – | −74.0% | 13.2% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 3.6 MNOK | 0.9 MNOK | 1.1 MNOK |
| Operating profit | −5.3 MNOK | −3.4 MNOK | −3.9 MNOK |
| Profit before tax | −8.2 MNOK | −5.6 MNOK | 7.5 MNOK |
| Tax expense | – | – | – |
| Net profit | −8.2 MNOK | −5.6 MNOK | 7.5 MNOK |
| Financial expenses | 1.2 MNOK | 1.3 MNOK | – |
| Total assets | 25.0 MNOK | 21.3 MNOK | 21.6 MNOK |
| Current assets | 18.3 MNOK | 17.5 MNOK | 21.1 MNOK |
| Equity | −2.5 MNOK | −8.0 MNOK | −8.1 MNOK |
| Retained earnings | −5.9 MNOK | −11.5 MNOK | −15.4 MNOK |
| Total liabilities | 27.5 MNOK | 29.4 MNOK | 29.8 MNOK |
| Current liabilities | 0.9 MNOK | 1.8 MNOK | 0.2 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 10 November 2026, accounts id 6168843.