Certification

Certification such as this is widely recognized in countries around the world, but in larger economies the conditions for the awards are not as strict as those in Iceland.

Creditinfo believes that in smaller economies, it is more important to assess a company’s strength through the stability of their operation performance over time, as opposed to only one fiscal year. This long-term assessment prevents the inclusion of companies that cannot withstand market fluctuations, such as was the case in the 2008 economic collapse.


Creditinfo’s conditions for the company strength analysis

  • Confirmed financial statements for three straight years with the Directorate of Internal Revenue
  • Less than 0,5% probability of defaulting debts according to Creditinfo’s CIP Risk Assessment
  • Positive operating profit (EBIT) for three straight years
  • Positive operating net profit for three straight years
  • Total assets exceed ISK 80 millionfor for three straight years
  • Equity ratio has been 20% or higher for three straight years
  • CEO is listed in the national Registry of Enterprises
  • The company is active according to Creditinfo’s definition