Supplier assessment

Cred AS

Org. no. 823829752 · Forretningsmessig tjenesteyting · ASKER

Not financial advice. The assessment is based on open data and fixed rules. It does not replace your own checks of the supplier, a credit report or the requirements of procurement law. Read more

Grade C Middling, worth a closer look

Points61 of 100, weighted

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.

Red flags

Watch: The equity ratio is below 10 per cent.
Watch: Margin pressure: operating costs changed by −3.6%, while revenue changed by −10.3%.

Made by fixed rules from the latest accounts, the Register of Business Enterprises and the number check. A list of things to examine, not a credit rating.

Assessment · written from fixed rules

Cred AS gets grade C on the figures.

The figures are mixed. Some areas are good, others should be clarified before a larger contract.

Strengths

The operating margin is 6.7%.

Risks

The equity ratio is 7.8%, which gives little buffer against losses.

Questions to ask

Consider asking for a parent company guarantee or a bank guarantee.
Ask for references from similar assignments.

This text is put together from fixed sentences. An AI-generated assessment follows once it has been written and checked.

How the grade is set

How the grade is set
Area	Points (0–100)	Weight	Basis
Solidity	41	30 %	Equity ratio 7.8%
Liquidity	61	20 %	Current ratio 1.08
Profitability	86	20 %	Operating margin 6.7%
Size and capacity	73	10 %	Largest contract against revenue, or revenue when there are no contracts

To the company page Order a competitor analysis

Method

The grade is computed by fixed rules. Each area gets points from 0 to 100, and the points are weighted. Between the thresholds the points run smoothly, so a company with 38 % equity gets nearly the same as one with 40 %, not a whole step less. A missing area is left out and its weight shared among the rest. A is 80 points or more, B 65, C 50, D 35, and E below that.

Solidity (30 %): equity ratio. 0 % gives 25 points, 10 % gives 45, 20 % gives 65, 30 % gives 85 and 40 % or more gives 100, smoothly in between. Negative equity gives 0.
Liquidity (20 %): current ratio. 0.5 gives 10 points, 0.8 gives 40, 1.0 gives 55, 1.2 gives 70, 1.5 gives 85 and 2.0 or more gives 100, smoothly in between.
Profitability (20 %): average of operating and profit margin. 0 % gives 55 points, 5 % gives 80 and 10 % or more gives 100, smoothly in between. A negative margin gives 15.
Size and capacity (10 %): the largest Doffin contract against revenue. Under 10 % gives 100 points, under 30 % gives 70, under 60 % gives 40, otherwise 15. Without contracts revenue counts: 1 MNOK gives 50, 10 MNOK gives 70, 50 MNOK gives 85 and 1,000 MNOK or more gives 100, smoothly in between.
Experience from public contracts (20 %): contracts won in Doffin in the last five years. 10 or more gives 100 points, 3 gives 85 and 1 gives 65. Contracts from at least three different buyers give 10 points extra. No contracts do not count: many sound companies do not sell to the public sector, so the area is left out and its weight shared among the rest.

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.