CARDTECH AS
Score · fiscal year 2025
78of 100
How to read this: the company is ahead of 96 % of companies in the Morning class Small in the same sector in 2025. What does this mean?
Rank in the Morning class Small: 328 of 7,418 · What are Morning company classes?
Place in the whole sector: 1,105 of 23,065 · Handel
Profile
Lion · Leader
High profitability, high solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 97 and solidity 82 out of 100 among companies in the Morning class Small in the same sector in 2025. Methodology
Against the sector
CARDTECH AS is 27 points above the median for companies in the Morning class Small in the same sector in 2025.
Median score 51 among 7,418 companies.
Against companies in the Morning class Small in the same sector in 2025: operating margin 31.9% (median 3.4%) and equity ratio 66.2% (median 36.3%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 49 MNOK | 20 MNOK |
| Operating margin | 31.9% | 3.4% |
| Profit margin | 32.7% | 3.0% |
| Return on assets | 46.8% | 10.0% |
| Equity ratio | 66.2% | 36.3% |
| Debt-to-equity | 0.51 | 1.52 |
| Current ratio | 2.87 | 1.73 |
| Revenue growth | 5.4% | 5.7% |
| Revenue per employee | 5.48 MNOK | 2.08 MNOK |
The median and “ahead of” refer to companies in the Morning class Small in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 78, CARDTECH AS does better than 96% of companies in the Morning class Small in the same sector (7,418 companies) in 2025.
Score 2023–2025
- CARDTECH AS
- Median: companies in the Morning class Small in the same sector
CARDTECH AS has a score of 78 for 2025, rank 1,105 of 23,065 in the sector.
Strongest: Profitability: percentile 97 against peers, operating margin 31.9% against a median of 3.4%. Solidity: percentile 82 against peers, equity ratio 66.2% against a median of 36.3%.
No area is clearly below its peers.
Written by fixed rules from the figures. Describes the figures, does not explain causes. Not investment or financial advice. How the summary is made
What the numbers say
CARDTECH AS had an operating margin of 31.9% and an equity ratio of 66.2% in 2025, and ranks 1,105 of 23,065 in Handel.
From 2024 to 2025: the operating margin fell from 35.5% to 31.9%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 23 MNOK and 142 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 126 MNOK |
| EV/EBIT | 8.0 | 142 MNOK |
| P/B | 1.0 | 23 MNOK |
A mechanical estimate from public accounts, not advice. Mechanical estimate from public accounts with fixed multiples. Not a valuation and not advice to buy or sell. The multiples are provisional default values and must be adjusted per sector before the figures are used for anything. See the calculation
Worth a closer look
- positive
Upper quartile on profitability, solidity and liquidity. What sets this company apart from the rest of the sector?
Based on: Operating margin 31.9% (median 3.4%); Equity ratio 66.2% (median 36.3%); Current ratio 2.87 (median 1.73).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 1.2% of the debt in 2025. The policy rate averaged 4.30 % the same year. This is a plain description of what the debt cost, not a model of interest sensitivity.
Data quality
No anomalies found in the figures.
Scenario analysis: the sector's weakest year
We have no accounts for 2022, the sector's weakest year, for this company.
The sector's weakest year was 2022, with a median operating margin of 1.5%. Based on the 11 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 97 | weight 30% |
|---|---|---|
| Solidity | 82 | weight 25% |
| Liquidity | 77 | weight 15% |
| Growth | 49 | weight 15% |
| Consistency | 63 | weight 15% |
Durability: 82 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is CARDTECH AS?
The operating margin was 31.9% in 2025, against a median of 3.4% among companies in the Morning class Small in the same sector. Return on assets was 46.8%.
How solid is CARDTECH AS?
The equity ratio was 66.2% in 2025 (median 36.3%). Debt-to-equity was 0.51 (median 1.52).
What is the liquidity of CARDTECH AS like?
The current ratio was 2.87 in 2025 (median 1.73).
How does CARDTECH AS compare in Handel?
CARDTECH AS ranks 1,105 of 23,065 in Handel for 2025. Among companies in the Morning class Small it is number 328 of 7,418. Revenue changed by 5.4% from the year before.
Public contracts
- Contracts awarded since 2024
- 0
- Total awarded value since 2024
- value not stated
| Date | Buyer | Notice | Value |
|---|---|---|---|
| 13 December 2022 | UNIVERSITETET I BERGEN | ANSK-22-0517 Rammeavtale Adgangskort | 3.0 MNOK |
| 20 July 2018 | Trondheim Renholdsverk AS | Kjøp av adgangsbrikker med logo | value not stated |
Based on notices in Doffin. Does not show call-offs under framework agreements or purchases below the publication threshold. Values are as stated by the buyer.
Source: Doffin (DFØ), fetched 28 October 2026. Winners are matched on organisation number.
Contains data under the Norwegian licence for public data (NLOD 2.0) made available by Doffin/the Norwegian Agency for Public and Financial Management (DFØ). NLOD 2.0
From the Central Coordinating Register
- Org. no.
- 885128882
- Legal form
- AS
- Sector
- Handel (46.500)
- Morning company class
- Small
- Employees
- 9 registered 10 May 2026
- Founded
- 15 November 2002 23 years in operation
- Share capital
- 0.10 MNOK
- Business address
- Strømsveien 258, 0668 OSLO
- Municipality
- Oslo rank 63–220 of 357 in Norway
- Latest accounts filed
- 2025
- Website
- www.cardtech.no
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
- Chief executive
- Tore Hans Doksæter
- Chair of the board
- Trond Øystein Land Råmunddal
- Board member
- Tore Hans Doksæter
- Board member
- Magnar Pettersen Sørengen
- Board member
- Kristoffer Prydz
- Auditor
- BDO AS
- Accountant
- SOLID ØKONOMI AS
Source: Central Coordinating Register, fetched 29 October 2026. Only names are shown.
Owners and shareholdings will appear here once the shareholder data extract is in place.
Coming · not built yet
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.
Figures last fetched 26 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 92 | 76 | 78 | |
| Rank | 233 | 1,549 | 1,105 | |
| Operating margin | 33.3% | 35.5% | 31.9% | |
| Return on assets | 46.6% | 44.3% | 46.8% | |
| Equity ratio | 72.3% | 69.2% | 66.2% | |
| Current ratio | 3.48 | 3.08 | 2.87 | |
| Revenue growth | – | −3.2% | 5.4% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 48.3 MNOK | 46.8 MNOK | 49.3 MNOK |
| Operating profit | 16.1 MNOK | 16.6 MNOK | 15.7 MNOK |
| Profit before tax | 16.4 MNOK | 17.0 MNOK | 16.1 MNOK |
| Net profit | 12.8 MNOK | 13.3 MNOK | 12.6 MNOK |
| Financial expenses | 0.2 MNOK | 0.2 MNOK | 0.1 MNOK |
| Total assets | 35.5 MNOK | 38.9 MNOK | 34.8 MNOK |
| Current assets | 34.2 MNOK | 36.9 MNOK | 33.7 MNOK |
| Equity | 25.7 MNOK | 26.9 MNOK | 23.0 MNOK |
| Retained earnings | 25.6 MNOK | 26.8 MNOK | 22.9 MNOK |
| Total liabilities | 9.8 MNOK | 12.0 MNOK | 11.8 MNOK |
| Current liabilities | 9.8 MNOK | 12.0 MNOK | 11.8 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 26 October 2026, accounts id 7164587.
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