Every badge, percentile and class on ArkivNord is computed from filed annual accounts using fixed, documented rules. This page shows exactly how — the formulas, the thresholds, and the sources the methods are adapted from.
Sources: Bolagsverket (annual accounts) and Statistics Sweden (public registers). Values reflect the latest filed accounting period, which can be up to 19 months old.
Companies are compared within their industry using SNI, Statistics Sweden's standard industrial classification. For each metric, a company's percentile is its rank among peers:
arkivnordpercentile = 100 × (rank − 1) / (number of peers − 1)
peer group: same 5-digit SNI code
fallback: 2-digit SNI division, if the 5-digit group
has fewer than 30 companiesA percentile of 84 for growth means the company grew faster than 84% of its peers. Percentiles require at least 30 comparable companies — below that they are suppressed rather than shown with false confidence. Only active companies with a usable accounting period (90–550 days) filed within the last 30 months are counted as peers.
Percentile-based badges (for example Top 10% revenue in industry) always name the peer group and its size on the company's Analysis tab.
SNI — Swedish Standard Industrial Classification (Statistics Sweden) ↗
Nine positive classifications. A company can hold several at once; each has a fixed rule, verified against the latest filed accounts.
Efficient grower
Growing clearly faster than its industry while staying profitable — growth that does not come at the cost of losses.
operating margin > 0
AND growth percentile ≥ 75 (within SNI)
AND revenue growth > 0Typical use: Prospect lists of healthy expanders; benchmarking competitors that scale profitably.
Growth leader
Revenue growth in the top 10% of the industry.
growth percentile ≥ 90 (within SNI)
AND revenue growth > 0Typical use: Finding the fastest movers in a market — vendors scaling up, emerging competitive threats.
Three-year grower
Annualized revenue growth has been positive in three consecutive periods — sustained growth, not a one-year spike.
growth(t) > 0 AND growth(t−1) > 0 AND growth(t−2) > 0
(each interval annualized and validated)Typical use: Separating durable growers from companies with a single exceptional year.
Top 10% revenue in industry
Annualized net sales rank in the industry's top decile.
revenue percentile ≥ 90 (within SNI, ≥ 30 peers)Typical use: Identifying market leaders; sizing up the biggest players in a niche.
Top-quartile margin
Positive operating margin in the industry's top quartile.
margin percentile ≥ 75 (within SNI)
AND operating margin > 0Typical use: Finding unusually profitable operators — pricing power, efficiency benchmarks.
Strong equity
Positive equity ratio in the industry's top quartile — a strong buffer relative to peers.
equity ratio > 0
AND equity percentile ≥ 75 (within SNI)Typical use: Screening for financially resilient partners, customers or acquisition targets.
Cash rich
Cash and bank balances alone cover all current liabilities.
cash ratio = cash & bank / current liabilities ≥ 1Typical use: Ability-to-pay screening; companies with room to invest.
Strong liquidity
Current assets are at least twice current liabilities.
current ratio = current assets / current liabilities ≥ 2Typical use: Short-term financial-strength screening for supplier and credit decisions.
Financially strong
Profitable with solid solvency and adequate liquidity — all three at once.
operating margin > 0
AND equity ratio ≥ 30%
AND current ratio ≥ 1.2Typical use: A single filter for sound, stable companies — the classic "safe counterparty" screen.
Size classes follow the European Commission's SME definition thresholds, applied to the company's own filed figures: employees plus annualized turnover or balance-sheet total (EUR thresholds converted at a documented fixed rate).
| Class | Employees | Turnover or balance-sheet total |
|---|---|---|
| Micro | fewer than 10 | ≤ EUR 2 million |
| Small | fewer than 50 | ≤ EUR 10 million |
| Medium | fewer than 250 | turnover ≤ EUR 50M or balance sheet ≤ EUR 43M |
| Large | 250 or more | above the medium thresholds |
This is an operational size class from the company's own filed figures — not an official EU SME determination, which would also aggregate linked and partner enterprises. Companies without reported employee counts are left unclassified.
A simplified market-position label inspired by the Boston Consulting Group growth-share matrix, adapted for company data: true market share is not observable, so revenue percentile within the SNI industry serves as the position axis, and revenue-growth percentile as the growth axis.
Star
revenue percentile ≥ 75 AND growth percentile ≥ 60
AND revenue growth > 0Established cash generator
revenue percentile ≥ 75 AND operating margin > 0
(and not a Star)Emerging challenger
growth percentile ≥ 60 AND revenue growth > 0
AND revenue percentile < 75Companies matching none of the three patterns are simply left unlabeled — absence of a growth-position label is not a negative mark.
The original BCG matrix classifies business units by real market share and market growth. This adaptation uses industry-relative percentiles from filed accounts and should be read as a screening label, not a strategy verdict.
The growth-share matrix (Boston Consulting Group) ↗ · Growth and profitability — the Rule of 40 (McKinsey) ↗
All ratios are recomputed from raw filed figures. Flow values (sales, results) are annualized when the accounting period is not twelve months; balance-sheet values never are.
Operating margin
operating margin = 100 × operating result / net salesRevenue growth per year
growth = (sales(t) / sales(t−1)) ^ (365 / days between periods) − 1
sales annualized to 365 days; prior-year sales must be
≥ 100 000 SEK; displayed growth is capped at +1000%Equity ratio (solidity)
equity ratio = 100 × total equity / total assetsCurrent ratio
current ratio = current assets / current liabilitiesCash ratio
cash ratio = cash & bank / current liabilitiesEvery badge carries a confidence level computed from the data behind that specific company — not from database averages.
What this is not
Classifications are analytical labels computed from historical filed accounts. They are not credit ratings, credit recommendations, investment advice or guarantees of payment ability. Accounts are backward-looking: a company's situation can change materially after its financial year ends.