Transparency and methodology
Data sources and methodology
Kredittdata combines available company information, registry data and relevant credit data to help businesses assess creditworthiness. Here we explain what the data is, what it is not, and how you should use it.
In brief
What is Kredittdata, and what do we do with data?
We collect and process data
Kredittdata retrieves company information from recognised Norwegian registries and data sources. We process and interpret this information to provide an overall assessment of the creditworthiness of Norwegian businesses.
The assessment is our analysis
The credit assessment — including the credit score — is Kredittdata's analysis of available data. It is not a public authority approval, a government document or a guarantee. It is a professional analytical tool.
Data has a date
All information in a report reflects what was available at the time of delivery. Financial data may lag by several months. The report should be used as a snapshot, not as an absolute truth.
Used for qualified decisions
The information is intended as decision support — to help you understand the credit situation of a counterpart, not as a definitive answer. The user is responsible for their own credit decisions.
What data types are used?
Four categories of data
Kredittdata primarily uses the following types of data. The composition may vary by product and what is available for the specific company.
See an example of what a report contains →Public registries
The Register of Business Enterprises, the Central Coordinating Register and the Register of Company Accounts at Brønnøysund are key sources for basic company information, financial data and organisational structure.
Credit data sourcing
Kredittdata combines available company information, registry data and relevant credit data from recognised providers to give a comprehensive picture of a business's credit situation.
Payment history and remarks
Information on payment remarks and history is sourced from recognised Norwegian providers. This is an important element in credit assessment.
Financial data
Annual accounts submitted to the Register of Company Accounts form the basis for analysis of solvency, liquidity and profitability.
What is what?
Public information versus Kredittdata's analysis
What is public information?
Public information is data registered in Norwegian public registries and available to everyone. This includes for example:
- Organisation number and company name
- Registered address and date of incorporation
- Board composition
- Submitted annual accounts
- Registered payment remarks
What is Kredittdata's analysis?
Kredittdata's analysis is our processing and interpretation of available data to provide an overall assessment. This includes:
- Credit score (analysis of available data)
- Risk assessment and risk category
- Key figure analysis and interpretation
- Overall credit recommendation
- Report structure and presentation
Limitations and caveats
What Kredittdata does not promise
We want to be transparent about what the information is and is not. A credit assessment is a professional analytical tool — not a guarantee.
Read our privacy policy →Not a public authority approval
The credit assessment is not a public certification or government approval. It is a professional analysis from Kredittdata.
Not a guarantee
The information does not provide any guarantee of future payment capacity or that a business will fulfil its obligations.
Data may have a lag
Financial data may lag by months. The report reflects the situation as it appeared based on available data at the time of delivery.
User is responsible
The information is intended as decision support. The person making the credit decision is responsible for their own assessment and decisions.
Acceptance in tenders is the buyer's decision
What each individual buyer accepts as sufficient proof of creditworthiness is for the buyer to decide.
Legal and responsible use
Use of credit information
Credit information about Norwegian businesses may be obtained in accordance with the Credit Information Act and the Personal Data Act (GDPR). The information shall be used for legitimate purposes, such as credit assessment of suppliers and customers, risk management and tender documentation.
The user is responsible for ensuring that the retrieval and use of credit information is in compliance with applicable legislation. Read our privacy policy for more information on how Kredittdata processes data.
Frequently asked questions
Questions about data sources and methodology
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