Supplier assessment

Vangen AS

Org. no. 973051636 · Handel · BÆRUM

Grade B Solid basis

Points76 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

Vangen AS has grade B (score 76 out of 100), driven by a very strong equity ratio but limited public-contract experience.

The company, founded in 1995 and part of a group, shows an equity ratio of 100.0% in the 2025 accounts against an industry median of 33.5%. Solidity scores 100 and experience scores 40, and no hard signals are registered. The figures say little about revenue, profitability, liquidity or delivery capacity, as these are not available.

Strengths

The equity ratio of 100.0% is well above the industry median of 33.5%.
Solidity scores 100 points on the grade scale where A is best and E is worst.
No hard signals are registered.
The company has operated since 1995 and is part of a group.

Risks

Experience scores only 40, and the company has won 0 public contracts over the last 5 years.
Revenue, operating margin, profit margin, current ratio and employee count are not available, so earnings and liquidity cannot be assessed.
The company has opted out of audit, so the 2025 accounts have not had an external audit check.
A 100.0% equity ratio shows balance sheet structure only and does not show the ability to deliver a specific contract.

Questions to ask

Can the supplier provide updated accounts or management figures covering revenue and operating result, compared with the industry median operating margin of 3.0%?
Is a parent company guarantee or bank guarantee available, given that the company is part of a group?
Can the supplier give references from comparable private or public deliveries, since there are 0 registered public contracts in 5 years?
Can the supplier document staffing and capacity to deliver the contract, as the number of employees is not available?

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	100	30 %	Equity ratio 100.0%
Liquidity	missing, not included	20 %	Current ratio –
Profitability	missing, not included	20 %	Operating margin –
Size and capacity	missing, not included	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.