Supplier assessment

Cargonet AS

Org. no. 983606598 · Transport og lagring · OSLO · 493 employees

Grade D Weak, needs clarification

Points42 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

Cargonet AS holds grade D (score 42 of 100), with solid equity and capacity but weak liquidity and profitability.

The accounts for 2025 show an equity ratio of 28.3% against an industry median of 21.4%, while the current ratio is 0.81 and the operating margin is −4.0% against a median of 2.8%. The company has 493 employees, revenue of 1,369.7 MNOK and is part of a group, and it ranks no. 1,323 of 1,660 in the sector on the Morning index. The figures do not show why the results are weak or how the group relates to the company's finances.

Strengths

The equity ratio of 28.3% is above the industry median of 21.4%, and solidity scores 65 points.
Capacity scores 85 points, with 493 employees and revenue of 1,369.7 MNOK.
Revenue growth is 4.9% and the company was founded in 2001.
There are no hard signals registered and the audit has not been opted out.

Risks

The current ratio of 0.81 and a liquidity score of 15 points indicate limited short-term buffers.
The operating margin of −4.0% and the profit margin of −6.5% are negative, and the operating margin is below the industry median of 2.8%.
Experience scores 40 points, and the company has won 0 public contracts over the last 5 years, so there is no public-sector track record in the data.
The Morning index rank of no. 1,323 of 1,660 places the company in the lower part of the sector.

Questions to ask

Can the supplier provide a parent company guarantee or a bank guarantee to cover the weak liquidity?
Can the supplier share updated accounts or interim figures showing the development of liquidity and the operating result?
Can the supplier provide references from comparable private or public deliveries, given the lack of public contracts in the data?
Can the supplier document capacity and staffing for the specific assignment?

This text was written by artificial intelligence (AI) on 5 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	65	30 %	Equity ratio 28.3%
Liquidity	15	20 %	Current ratio 0.81
Profitability	15	20 %	Operating margin −4.0%
Size and capacity	85	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.