CAZ AS

Org. no. 931691864 · GRIMSTAD · Founded 2023 · 5 employees

Score · fiscal year 2025

56of 100

How to read this: the company is ahead of 61 % of companies in the Morning class Micro in the same sector in 2025. What does this mean?

Rank in the Morning class Micro: 4,399 of 11,397 · What are Morning company classes?
Place in the whole sector: 8,883 of 23,065 · Handel

Profile

Cheetah · Sprinter

High profitability, lower solidity

Position against comparable companies in 2025, not a verdict on the company. Based on profitability 90 and solidity 31 out of 100 among companies in the Morning class Micro in the same sector in 2025. Methodology

Against the sector

CAZ AS is 6 points above the median for companies in the Morning class Micro in the same sector in 2025.

Median score 50 among 11,394 companies.

Against companies in the Morning class Micro in the same sector in 2025: operating margin 14.2% (median 2.6%) and equity ratio 21.1% (median 33.8%).

Source: Register of Company Accounts and Central Coordinating RegisterFetched 27 October 2026Report an issue
Key figures · 2025

The numbers behind the score

The numbers behind the score · 2025
MeasureCompanyMedianAhead of
Operating revenue3 MNOK4 MNOK
Operating margin 14.2% 2.6% 83 %
Profit margin 14.2% 2.2% shown, not part of the index
Return on assets 63.5% 6.2% 97 %
Equity ratio 21.1% 33.8% 39 %
Debt-to-equity 3.74 1.23 24 %
Current ratio 1.27 1.75 34 %
Revenue growth 31.2% 4.0% 80 %
Revenue per employee0.51 MNOK0.76 MNOK

The median and “ahead of” refer to companies in the Morning class Micro in the same sector in 2025. The bar shows the share of companies the figure is ahead of.

With an index of 56, CAZ AS does better than 61% of companies in the Morning class Micro in the same sector (11,397 companies) in 2025.

Over time

Score 2023–2025

CompanyMedian0255075100202320242025
  • CAZ AS
  • Median: companies in the Morning class Micro in the same sector
Summary analysis

CAZ AS has a score of 56 for 2025, rank 8,883 of 23,065 in the sector.

Strongest: Profitability: percentile 90 against peers, operating margin 14.2% against a median of 2.6%. Growth: percentile 80 against peers, revenue growth 31.2% against a median of 4.0%.

Weakest: Consistency: percentile 27 against peers. Solidity: percentile 31 against peers, equity ratio 21.1% against a median of 33.8%.

Worth a closer look

Written by fixed rules from the figures. Describes the figures, does not explain causes. Not investment or financial advice. How the summary is made

Analysis · 2025

What the numbers say

CAZ AS had an operating margin of 14.2% and an equity ratio of 21.1% in 2025, and ranks 8,883 of 23,065 in Handel.

From 2024 to 2025: the operating margin rose from −10.8% to 14.2% and went from a loss to a profit before tax.

This text is generated automatically from the 2025 accounts.

Estimated value · 2025

Three simple methods

The methods give between 0 MNOK and 3 MNOK.

MethodInputMultipleEstimate
P/E Net profit: 0.3 MNOK 10.0 3 MNOK
EV/EBIT Operating profit: 0.4 MNOK
minus net debt −0.6 MNOK
8.0 3 MNOK
P/B Equity: 0.1 MNOK 1.0 0 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

Indications · 2025

Worth a closer look

No rules were triggered for this year.

Indications based on the latest annual accounts from open data. Not investment or financial advice.

Financial costs were 0.0% 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.

Stress test · 2022

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

Components · 2025

What the score is made of

Profitability90 weight 30%
Solidity31 weight 25%
Liquidity34 weight 15%
Growth80 weight 15%
Consistency27 weight 15%

Durability: 32 (average over 2 years)

Index version 2. Data completeness 100%: the share of the weights that had data.

2025

Questions and answers

How profitable is CAZ AS?

The operating margin was 14.2% in 2025, against a median of 2.6% among companies in the Morning class Micro in the same sector. Return on assets was 63.5%.

How solid is CAZ AS?

The equity ratio was 21.1% in 2025 (median 33.8%). Debt-to-equity was 3.74 (median 1.23).

What is the liquidity of CAZ AS like?

The current ratio was 1.27 in 2025 (median 1.75).

How does CAZ AS compare in Handel?

CAZ AS ranks 8,883 of 23,065 in Handel for 2025. Among companies in the Morning class Micro it is number 4,399 of 11,397. Revenue changed by 31.2% from the year before.

From the Central Coordinating Register

Org. no.
931691864
Legal form
AS
Sector
Handel (46.120)
Morning company class
Micro
Employees
5 registered 10 August 2026
Founded
1 June 2023 3 years in operation
Share capital
0.03 MNOK
Business address
Trolldalen øst 9, 4870 FEVIK (GRIMSTAD)
Municipality
Grimstad rank 7–18 of 27 in KOSTRA group 9
Audit
Audit opted out from 10 July 2023
Latest accounts filed
2025

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
Torgeir Herfindal
Chair of the board
Torgeir Herfindal

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.

Report an issue

Figures last fetched 27 October 2026.

Details

Year by year · 2023–2025

Key figure202320242025Trend
Index–856
Rank–21,9998,883
Operating margin–−10.8%14.2%
Return on assets0.0%−31.2%63.5%
Equity ratio81.4%−20.5%21.1%
Current ratio5.390.771.27
Revenue growth––31.2%

Accounts

From the Brønnøysund Register Centre, in the company's reporting currency (NOK).

Key figure202320242025
Operating revenue0.0 MNOK1.9 MNOK2.5 MNOK
Operating profit0.0 MNOK−0.2 MNOK0.4 MNOK
Profit before tax0.0 MNOK−0.2 MNOK0.4 MNOK
Net profit0.0 MNOK−0.2 MNOK0.3 MNOK
Financial expenses0.0 MNOK0.0 MNOK0.0 MNOK
Total assets0.0 MNOK0.7 MNOK0.6 MNOK
Current assets0.0 MNOK0.6 MNOK0.6 MNOK
Equity0.0 MNOK−0.1 MNOK0.1 MNOK
Retained earnings0.0 MNOK−0.2 MNOK0.1 MNOK
Total liabilities0.0 MNOK0.8 MNOK0.4 MNOK
Current liabilities0.0 MNOK0.8 MNOK0.4 MNOK

Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 27 October 2026, accounts id 6645693.

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