Supplier assessment

Ary AS

Org. no. 821379792 · Kultur og fritid · OSLO

Grade E High risk in the figures

Points24 of 100, weighted

Public contracts0 last 5 years, 0 different buyers

Fiscal year2025 Latest annual accounts we have

The grade is computed by fixed rules from the accounts, the register status and the contracts in Doffin. It is not made by AI.

Assessment · AI-generated

Ary AS has grade E (score 24 out of 100) on a scale from A (best) to E, with weak figures for solidity, liquidity and profitability.

The 2025 accounts show an equity ratio of 5.8% against an industry median of 35.8%, a current ratio of 0.83 and an operating margin of −3.1%. Revenue is small at 0.9 MNOK, though it grew 10.7%. The figures describe the accounts only and do not show why they look this way or how the company will perform.

Strengths

Revenue growth is 10.7% in the 2025 accounts.
The company was founded in 2018 and is not reported with any hard warning signals.
The experience area has the highest points of the five areas, at 40.

Risks

The equity ratio of 5.8% is well below the industry median of 35.8%, which leaves a thin buffer.
The current ratio of 0.83 indicates that short-term debt is larger than current assets.
The operating margin is −3.1% and the profit margin is −3.6%, against an industry median operating margin of 4.3%.
The company has won 0 public contracts in 5 years, so there is no public-sector delivery record in these figures, and it has opted out of audit.

Questions to ask

Could the supplier provide a parent company guarantee or a bank guarantee to cover the thin equity and liquidity position?
Can the supplier supply updated or interim accounts showing the development since the 2025 accounts?
Can the supplier provide references from comparable private or public deliveries and describe its capacity to deliver the contract volume?
Would the supplier consider an independent review of the accounts, given the audit opt-out?

This text was written by artificial intelligence (AI) on 4 November 2026 from the figures on this page. Every number in it has been checked against the database. AI can still phrase things imprecisely: read it as a starting point, not a conclusion.

How the grade is set

How the grade is set
Area	Points (0–100)	Weight	Basis
Solidity	25	30 %	Equity ratio 5.8%
Liquidity	15	20 %	Current ratio 0.83
Profitability	15	20 %	Operating margin −3.1%
Size and capacity	25	10 %	Largest contract against revenue, or revenue when there are no contracts
Experience from public contracts	40	20 %	Contracts and buyers in the last 5 years

Contracts won in the last 5 years

We find no contracts in Doffin in the last 5 years. The company may not have supplied the public sector, or its contracts were below the thresholds.

To the company page Order a competitor analysis

Method

The grade is computed by fixed rules. Each area gets 0 to 100 points from published thresholds, and the points are weighted. A missing area is left out and its weight shared by the rest. A is 80 points or more, B 65, C 50, D 35, and E below that.

Solidity (30 %): equity ratio. 40% or more gives 100 points, 30% gives 85, 20% gives 65, 10% gives 45, 0% gives 25, and negative equity gives 0.
Liquidity (20 %): current ratio. 2.0 or more gives 100 points, 1.5 gives 85, 1.2 gives 65, 1.0 gives 45, and below 1.0 gives 15.
Profitability (20 %): average of operating margin and profit margin. 10% or more gives 100 points, 5% gives 80, 0% gives 55, and a negative margin gives 15.
Size and capacity (10 %): the largest contract in Doffin against revenue. Below 10% gives 100 points, below 30% gives 70, below 60% gives 40, otherwise 15. Without contracts, revenue counts: NOK 50m gives 85, NOK 10m gives 70, NOK 1m gives 50.
Experience from public contracts (20 %): contracts won in Doffin in the last five years. 10 or more give 100 points, 3 give 85, 1 gives 65, and none gives 40. Contracts from at least three different buyers add 10 points.

Hard signals override: bankruptcy or winding-up gives E, negative equity at most D, and missing annual accounts at most C.

The written assessment is written by artificial intelligence from the same figures and labelled «AI-generated». Every number in it is checked against the database before it is shown; if the check fails, text put together from fixed rules is shown. AI does not set the grade.

The assessment is an indication based on public data: the latest annual accounts from the Brønnøysund Register Centre and contracts in Doffin. It is not a credit rating and not advice to choose or reject a supplier. The page is not indexed by search engines.