Annen tjenesteyting
FollowDownload sector report (PDF)2,313 companies ranked against comparable companies in four Morning company classes. Fiscal year 2025. Source: Brønnøysund Register Centre. Methodology
Ranking · 2025 · Morning class Large
The rank is the rank in the class. A class with fewer than ten companies is compared with the whole sector. Full ranking · Press mode
Biggest moves · Morning class Large
- Melhus Bil Trondheim AS+23
From 2024 to 2025: revenue grew by 24% and the equity ratio rose from 31.2% to 37.6%.
- Onitio Norge AS−22
From 2024 to 2025: the operating margin fell from 2.3% to −1.1%.
- Team Verksted AS+22
From 2024 to 2025: the equity ratio rose from 4.9% to 28.3% and the operating margin fell from 6.4% to 4.3%.
- BERTEL O. Steen Agder AS+20
From 2024 to 2025: went from a loss to a profit before tax and the equity ratio rose from 7.9% to 18.4%.
Annen tjenesteyting, Morning class Large: 75 ranked companies in fiscal year 2025.
Best in the sector: Nardo Bil AS (score 82, operating margin 4.6%, equity ratio 46.1%). WIST LAST & Buss AS (score 78, operating margin 7.5%, equity ratio 41.5%). Toyota Sør AS (score 75, operating margin 5.0%, equity ratio 33.5%).
Weakest in the sector: Nordvik AS (score 24, operating margin 0.1%, equity ratio 18.5%). Formula Automobile Norge AS (score 26, operating margin −0.2%, equity ratio 5.6%). Kverneland Bil AS (score 26, operating margin 0.1%, equity ratio 14.5%).
Worth a closer look
- The median operating margin fell from 2.4% in 2024 to 2.3% in 2025 (0.2 percentage points).
- The median equity ratio fell from 25.4% in 2024 to 22.0% in 2025 (3.5 percentage points).
- The median revenue growth rose from −0.6% in 2024 to 14.2% in 2025 (14.8 percentage points).
- The share with a loss went from 23% in 2024 to 20% in 2025.
Written by fixed rules from the figures. Describes the figures, does not explain causes. Not investment or financial advice. How the summary is made
Top lists in the sector · 2025 · Morning class Large
The five largest companies account for 30% of the sector's revenue. Combined profit before tax for the 74 ranked companies: 12,557 MNOK.
Size
The largest by revenue and employees, and who earns the most per employee.
Highest revenue
- Ruter AS 13,879 MNOK
- Norsk Scania AS 8,793 MNOK
- Bilia Norge AS 6,518 MNOK
- Ferde AS 5,097 MNOK
- Fjellinjen AS 5,014 MNOK
Operating revenue.
Most employees
- Nor Tekstil AS 1,648
- Norsk Scania AS 1,343
- Bilia Norge AS 781
- Elis Norge AS 548
- Naf AS 456
Employees according to the Central Coordinating Register.
Highest revenue per employee
- Vegamot AS 191.8 MNOK
- Fjellinjen AS 167.1 MNOK
- Ferde AS 130.7 MNOK
- Ruter AS 32.8 MNOK
- Kolumbus AS 31.8 MNOK
Only companies with at least 5 employees.
Profit and balance
Who earns the most, who loses the most, and who has the strongest balance sheet.
Highest operating margin
- Vegamot AS 94.8%
- Ferde AS 94.1%
- Fjellinjen AS 93.1%
- Vegfinans E18 Vestfold AS 23.7%
- Norsk Scania AS 13.9%
Operating result divided by operating revenue.
Largest profit
- Fjellinjen AS 4,554 MNOK
- Ferde AS 4,023 MNOK
- Vegamot AS 2,073 MNOK
- Bilia Norge AS 154 MNOK
- Ruter AS 153 MNOK
Profit before tax.
Largest loss
- Kolumbus AS −50 MNOK
- Røhneselmer AS −49 MNOK
- Helseplattformen AS −40 MNOK
- Birger N Haug AS −27 MNOK
- BERTEL O. Steen Drammen AS −19 MNOK
Profit before tax, the largest negative.
Most solid
- Onitio Norge AS 74.5%
- Elis Norge AS 59.1%
- Bilia Norge AS 59.0%
- Naf AS 55.5%
- BERTEL O. Steen Trøndelag AS 52.3%
Equity ratio: equity divided by total assets.
Growth and movement
Who grows and falls the most in revenue, and who has climbed or fallen the most on the index since the year before.
Fastest growth
- Yes-EU AS +76.1%
- Nardo Bil AS +69.3%
- Kverneland Bil Vest AS +58.9%
- Sulland Lier AS +53.4%
- Frydenbø Bil Asv AS +44.8%
Revenue growth from the year before, only from at least NOK 10 million in revenue.
Largest revenue decline
- Toyota Oslo AS −13.3%
- Helseplattformen AS −13.2%
- Nordvik AS −10.9%
- Toyota Buskerud AS −10.7%
- Volmax AS −9.0%
Revenue decline from the year before, only from at least NOK 10 million in revenue.
Biggest climbers
- Melhus Bil Trondheim AS +23.0 points
- Team Verksted AS +22.8 points
- BERTEL O. Steen Agder AS +20.3 points
- Nardo Bil AS +18.7 points
- Kverneland Bil AS +14.2 points
Change in index points from the year before.
Biggest fallers
- Onitio Norge AS −21.4 points
- Jæger Automobil AS −17.0 points
- Kolumbus AS −16.4 points
- Toyota Buskerud AS −15.7 points
- BERTEL O. Steen Ullevål AS −14.6 points
Change in index points from the year before.
The lists cover ranked companies in the class: operating companies with at least NOK 1m in revenue, without holding companies and excluded ones. Size lists (revenue, profit, employees) count each group once. Source: Brønnøysund Register Centre. Amounts in other currencies are converted at Norges Bank's rates.
Positions in the sector · 2025 · Morning class Large
Each company is placed by profitability and solidity, measured as a place from 0 to 100 against the others in the same sector and Morning company class. The bubble shows revenue. Hover over or tap a bubble for the figures, filter by profile or search for a company.
Bubble size shows relative revenue, not exact figures. Dashed lines show where the 5 companies that moved most stood in 2024 (small ring).
- Helseplattformen AS profitability 4 → 58, solidity 0 → 0
- Team Verksted AS profitability 62 → 74, solidity 7 → 59
- Fiskeri- og Havbruksnæringens Forskningsfinansiering AS profitability 12 → 56, solidity 11 → 14
- Møller Bil Haugesund AS profitability 64 → 29, solidity 31 → 18
- Toyota Buskerud AS profitability 83 → 46, solidity 59 → 54
Lion · LeaderHigh profitability, high solidity
Cheetah · SprinterHigh profitability, lower solidity
Elephant · StewardLower profitability, high solidity
Beaver · BuilderLower profitability, lower solidity
Show the positions as a list
Summary · fiscal year 2025 · Morning class Large
The sector's median operating margin is 2.3%. 1 of 75 companies have negative equity. The median equity ratio is 22.0%.
All figures are for fiscal year 2025. Ranked: 75 operating companies. Holding companies, excluded companies and companies without enough data are shown but not ranked. How to read the index
Climbers and fallers · Morning class Large
Change in rank from 2024 to 2025, for 70 companies ranked in both years.
Climbers
- 42Team Verksted ASfrom rank 54 to 1263
- 41Melhus Bil Trondheim ASfrom rank 52 to 1166
- 27Frydenbø Bil Asv ASfrom rank 47 to 2057
- 26Bertel O Steen Østfold ASfrom rank 41 to 1560
- 24Kverneland Bil Vest ASfrom rank 42 to 1859
Fallers
- 35Onitio Norge ASfrom rank 5 to 4049
- 35Toyota Buskerud ASfrom rank 23 to 5841
- 30Sven Kvia ASfrom rank 26 to 5642
- 29Kolumbus ASfrom rank 39 to 6832
- 27Nor Tekstil ASfrom rank 16 to 4349
Awards · 2025 · Morning class Large
Needs attention · 2025 · Morning class Large
27 companies show at least one warning sign. Showing the 15 most important.
- criticalHelseplattformen ASNegative equity · Loss before tax
- watchBilia Insignia ASVery low equity ratio (7.9%) · Current ratio below 1 (0.87) · Loss before tax
- watchNorsk Scania ASVery low equity ratio (2.4%) · Current ratio below 1 (0.94)
- watchFerde ASVery low equity ratio (0.2%) · Current ratio below 1 (0.55)
- watchFjellinjen ASVery low equity ratio (2.4%) · Current ratio below 1 (0.27)
- watchVegamot ASVery low equity ratio (0.0%) · Current ratio below 1 (0.40)
- watchKolumbus ASCurrent ratio below 1 (0.96) · Loss before tax
- watchVegfinans E18 Vestfold ASVery low equity ratio (0.0%) · Current ratio below 1 (0.82)
- watchFormula Automobile Norge ASVery low equity ratio (5.6%) · Loss before tax
- watchMøller Bil Vest ASLoss before tax
- watchYes-EU ASVery low equity ratio (8.7%)
- watchBirger N Haug ASLoss before tax
- watchRøhneselmer ASLoss before tax
- watchMøller Bil Sør-Rogaland ASCurrent ratio below 1 (0.96)
- watchKverneland Bil ASLoss before tax
Sector map · 2025 · Morning class Large
Profitability against solidity for the ranked companies. Size shows revenue. Coral triangle: negative equity. Click to open the company. Outliers are placed on the edge.
Show the map's figures as a table
Holding and investment companies · 2025
85 companies in the sector are holding or investment companies. They are kept out of the ranking above, since revenue, margins and growth say little about a company that lives from ownership. They are ranked on their own here: 30 have at least 10 MNOK in assets and are listed.
| Rank | Company | Score | Equity ratio | Return on assets | Current ratio | Total assets |
|---|---|---|---|---|---|---|
| 1 | Kork Holding AS | 90 | 99.6% | 46.4% | 127.97 | 29 MNOK |
| 2 | Bjørkeli Invest AS | 88 | 96.6% | 87.4% | 26.52 | 12 MNOK |
| 3 | Pmh Holding AS | 81 | 96.2% | 56.5% | 24.19 | 27 MNOK |
| 4 | Bml Holding AS | 79 | 97.9% | 20.8% | 42.34 | 45 MNOK |
| 5 | Welhaven Jr Holding AS | 72 | 95.5% | 26.6% | 20.72 | 23 MNOK |
| 6 | Linda Maaseide Holding AS | 70 | 72.3% | 51.3% | 1,644.40 | 19 MNOK |
| 7 | Wester Capital AS | 68 | 80.7% | 68.5% | 3.96 | 58 MNOK |
| 8 | Swimming Holding AS | 68 | 99.8% | 3.8% | 14.31 | 25 MNOK |
| 9 | Klipperiet Holding AS | 63 | 95.6% | 15.0% | 5.06 | 101 MNOK |
| 10 | Monte Holding AS | 61 | 99.3% | 0.0% | 98.44 | 11 MNOK |
| 11 | Idar Dahl Holding AS | 61 | 96.8% | 3.0% | 23.44 | 12 MNOK |
| 12 | Idulie Holding AS | 59 | 62.1% | 57.9% | 2.14 | 11 MNOK |
| 13 | Jay O Invest AS | 59 | 95.5% | 9.6% | 20.01 | 241 MNOK |
| 14 | Andøy Energi Holding AS | 53 | 96.7% | 2.1% | 5.23 | 241 MNOK |
| 15 | Cattor Holding AS | 50 | 77.0% | 17.0% | 1.77 | 20 MNOK |
| 16 | Norsvin Invest AS | 46 | 99.8% | −0.5% | 0.94 | 15 MNOK |
| 17 | Beth's Beauty Holding AS | 45 | 95.2% | 12.8% | 0.16 | 177 MNOK |
| 18 | Storbilvasken Holding AS | 44 | 37.9% | 32.5% | 0.99 | 11 MNOK |
| 19 | Batteri Elektro Holding AS | 43 | 40.1% | 26.0% | 1.46 | 19 MNOK |
| 20 | Bjørndalen Invest AS | 41 | 80.9% | 13.6% | 0.05 | 55 MNOK |
Show all 30
| Rank | Company | Score | Total assets |
|---|---|---|---|
| 21 | Steinkjer Bil Holding AS | 37 | 41 MNOK |
| 22 | Motor-Trade Holding AS | 34 | 172 MNOK |
| 23 | Langørgen Holding AS | 29 | 73 MNOK |
| 24 | Storslett Holding AS | 29 | 13 MNOK |
| 25 | Kverneland Investering AS | 26 | 553 MNOK |
| 26 | B. Johansen Holding AS | 25 | 51 MNOK |
| 27 | Auto 8-8 Holding AS | 25 | 96 MNOK |
| 28 | Dahle Holding AS | 24 | 113 MNOK |
| 29 | An-Holding AS | 20 | 21 MNOK |
| 30 | Egrøb Holding AS | 10 | 10 MNOK |
Score 0–100 against the other holding companies in the sector: equity ratio 40 %, return on assets 40 % and current ratio 20 %. Methodology
Ownership structure (2025)
- Companies with shareholder data
- 9,746
- Companies with one owner
- 69%
- Companies where one owner holds more than half
- 79%
- Split
- companies 26% · private persons 73% · foreign 1%
- Owned from the same municipality
- 80%
- Owners over 60 (average per company)
- 28%
- Ownership change 2007–2025
- 63% of the companies had a change in owners · majority owner changed in 44.0% · new foreign majority in 0.1%
Average per company, not weighted by size. Source: the Norwegian Tax Administration's shareholder register as of 2025. Figures may be older than today's ownership. Private persons are not shown by name.
Who owns the sector
The 2,314 ranked companies in 2025, weighted by revenue and split by who sits at the top of the chain of majority owners in the shareholder register for 2025.
| Top of the ownership chain | Share of revenue | Companies |
|---|---|---|
| Norwegian company without a majority owner | 46% | 396 |
| Not in the shareholder register | 20% | 48 |
| Foreign owners | 15% | 42 |
| Private persons | 14% | 1,326 |
| No majority owner | 6% | 501 |
| The state, counties and municipalities | 0% | 1 |
The five largest owner groups hold 26% of the sector's revenue.
The largest owner groups
- Møller Mobility Group AS · 8.5% of revenue, 8 companies (norwegian company without a majority owner)
- BERTEL O. Steen Holding AS · 6.5% of revenue, 17 companies (norwegian company without a majority owner)
- Scania Sales and Services AB · 4.8% of revenue, 1 companies (foreign owners)
- Bilia AB · 3.9% of revenue, 3 companies (foreign owners)
- Frydenbø Group AS · 2.7% of revenue, 5 companies (norwegian company without a majority owner)
- Sulland Holding AS · 2.6% of revenue, 18 companies (norwegian company without a majority owner)
- Bauda AS · 2.1% of revenue, 5 companies (norwegian company without a majority owner)
- Kverneland Investering AS · 2.0% of revenue, 2 companies (norwegian company without a majority owner)
- Bil-Service Holding AS · 1.8% of revenue, 3 companies (norwegian company without a majority owner)
- Bjørndalen Invest AS · 1.7% of revenue, 8 companies (norwegian company without a majority owner)
The chain is followed while the owner holds more than half of the shares. Persons are never named. Public ownership is recognised by the owner's name (the state, a ministry, a county, a municipality). The ownership is from the shareholder register for 2025 and may have changed since. Source: the Norwegian Tax Administration's shareholder register and annual accounts from the Brønnøysund Register Centre.
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Scenario analysis: the sector's weakest year
The sector's weakest year was 2022, with a median operating margin of 0.2%.
Based on the 9 fiscal years we have. The analysis grows as more years are fetched or imported.
| Fiscal year | Median operating margin | Median equity ratio |
|---|---|---|
| 2018 | – | – |
| 2019 | – | – |
| 2020 | – | – |
| 2021 | – | – |
| 2022 · weakest year | 0.2% | 14.9% |
| 2023 | 3.8% | 28.3% |
| 2024 | 3.6% | 30.1% |
| 2025 | 3.8% | 29.8% |
| 2026 | 0.9% | 22.6% |
In 2022, 6 ranked companies did better than the sector, 3 about the same and 8 weaker.
Held up best in 2022
- 1Villa Granli ASequity ratio 55.6%66.5%
- 2Shekhy ASequity ratio 25.4%37.7%
- 3Service 24 ASequity ratio 62.5%17.4%
- 4Hadeland Bobil ASequity ratio 1.6%2.9%
- 5Vinderen Rens ASequity ratio 6.9%2.7%
- 6Skedsmo Lakk og Karosseri ASequity ratio 33.5%2.2%
Better than the sector: operating margin at or above the sector median and no loss or negative equity. Weaker: operating margin below the median and a loss or negative equity. Otherwise about the same as the sector. Methodology
Drivers in the sector
Interest rates, prices and exchange rates that shape the sector's year, next to the sector's median operating margin. The drivers are context and are not part of the index.
Consumer price index (indeks (2025 = 100))
Consumer price index rose 3.0% in 2025; the sector's median operating margin rose 0.2 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Consumer price index, annual average | 84.3 | 89.2 | 94.1 | 97.0 | 100.0 | 102.9 (so far) |
| Change from the year before | +3.5% | +5.8% | +5.5% | +3.2% | +3.0% | +2.9% |
| Sector's median operating margin | – | 0.2% | 3.8% | 3.6% | 3.8% | 0.9% |
Source: SSB (14710, CC BY 4.0). Source · fetched 5 November 2026
Policy rate (prosent)
Policy rate fell 0.20 percentage points in 2025; the sector's median operating margin rose 0.2 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Policy rate, annual average | 0.08 | 1.32 | 3.54 | 4.50 | 4.30 | 4.17 (so far) |
| Change from the year before | −0.28 percentage points | +1.24 percentage points | +2.22 percentage points | +0.96 percentage points | −0.20 percentage points | −0.12 percentage points |
| Sector's median operating margin | – | 0.2% | 3.8% | 3.6% | 3.8% | 0.9% |
Source: Norges Bank (IR, NLOD 2.0). Source · fetched 5 November 2026
When policy rate fell in 2025, 1,172 of 2,262 ranked companies kept their operating margin at or above the year before. Among the largest: Norsk Scania AS (11.3% → 13.9%), Bilia Norge AS (2.1% → 2.9%), Ferde AS (93.8% → 94.1%), Fjellinjen AS (92.8% → 93.1%), Møller Bil Øst AS (1.9% → 2.2%).
We show the drivers and the margin side by side and claim no cause. Sensitivity per company is not computed until we have at least 10 years of accounts per company: with three years such figures are false precision.
The sector in Norway (SSB)
The whole industry as Statistics Norway counts it: every enterprise, not only the limited companies we rank. Use these figures as background for the ranking above.
Enterprises, employment and turnover · 2024
- Enterprises
- 18,232
- +2.1% from 2023
- Persons employed
- 29,837
- +1.8% from 2023
- Turnover
- NOK 27.1 bn
- +6.5% from 2023
- Gross operating margin
- 17.9%
- Gross operating surplus divided by turnover
All enterprises, sole proprietorships included. The table has no figures for 84, 94, 97, 98, 99.
Bankruptcies in the industry
88 enterprise bankruptcies in the last four quarters (2025K4–2026K3). Change −11.1% against the four quarters before (99).
Source: Statistics Norway (SSB), table 12910, table 10790. CC BY 4.0. Our industry codes (SN2025) are linked to SSB’s (SN2007) with SSB’s correspondence table in Klass.
Outlook: SSB's figures for the industry and the macro picture
Statistics Norway's own statistics for the whole industry and the companies' expectations, where SSB has them, and SSB's forecasts for the Norwegian economy. Actual figures and expectations are kept apart.
SSB has no separate turnover, investment or business tendency statistics for this sector. The macro picture covers the whole economy.
SSB's forecasts
Statistics Norway's economic forecasts (table 12880), published 15 September 2026. Marked years are forecasts.
| 2025 | 2026forecast | 2027forecast | 2028forecast | 2029forecast | |
|---|---|---|---|---|---|
| GDP mainland Norway | 1.7 % | 1.4 % | 2.1 % | 1.5 % | 1.9 % |
| Unemployment rate (LFS, level) | 4.5 % | 4.6 % | 4.4 % | 4.3 % | 4.2 % |
| Consumer price index | 3.1 % | 3.2 % | 2.5 % | 2.2 % | 2.1 % |
| Money market rate (level) | 4.4 % | 4.5 % | 4.6 % | 4.0 % | 3.8 % |
| Household consumption | 2.6 % | 1.4 % | 2.1 % | 2.4 % | 2.9 % |
| Annual wages | 4.9 % | 4.3 % | 3.7 % | 3.4 % | 3.0 % |
SSB's forecast for the current and coming years. Per cent change from the year before, level where stated. table 12880, CC BY 4.0.
Latest bankruptcies and liquidations
- Beauty Vibes AS 913143876 Bankruptcy · 5 November 2026 · 1 MNOK (2025)
- Calypso AS 823478992 Voluntary liquidation · 5 November 2026 · 0 MNOK (2025)
- Domino DB Jolie AS 930596019 Forced dissolution · 5 November 2026
- Emelie Hud og Fotterapi AS 927666944 Voluntary liquidation · 5 November 2026
- NYGAARDSGT. 7 AS 931048732 Voluntary liquidation · 5 November 2026
- Oslo Clean Centre AS 824721432 Voluntary liquidation · 5 November 2026 · 0 MNOK (2025)
- Viken Gullsmed Verksted AS 933094286 Bankruptcy · 5 November 2026
- First Motors AS 936750346 Forced dissolution · 4 November 2026
Industry codes (NACE)
| Code | Description |
|---|---|
| 84* | Hele hovedgruppe 84 |
| 84.110 | Generell offentlig administrasjon |
| 84.120 | Offentlig administrasjon tilknyttet helsestell, undervisning, kultur og annen sosial virksomhet |
| 84.130 | Offentlig administrasjon tilknyttet næringsvirksomhet og arbeidsmarked |
| 84.220 | Forsvarsaktiviteter |
| 84.250 | Brannvernaktiviteter |
| 94* | Hele hovedgruppe 94 |
| 94.110 | Aktiviteter i næringslivs- og arbeidsgiverorganisasjoner |
| 94.120 | Aktiviteter i yrkessammenslutninger |
| 94.200 | Aktiviteter i arbeidstakerorganisasjoner |
| 94.910 | Aktiviteter i religiøse organisasjoner |
| 94.920 | Aktiviteter i partipolitiske organisasjoner |
| 94.991 | Aktiviteter i fond/legat som støtter veldedige og allmennyttige formål |
| 94.992 | Aktiviteter i andre medlemsorganisasjoner ellers |
| 95* | Hele hovedgruppe 95 |
| 95.100 | Reparasjon og vedlikehold av datamaskiner og kommunikasjonsutstyr |
| 95.210 | Reparasjon og vedlikehold av elektronikk til husholdningsbruk |
| 95.220 | Reparasjon og vedlikehold av husholdningsvarer og hageredskaper |
| 95.230 | Reparasjon og vedlikehold av skotøy og lærvarer |
| 95.240 | Reparasjon og vedlikehold av møbler og boliginnredning |
| 95.250 | Reparasjon og vedlikehold av ur, klokker og smykker |
| 95.290 | Reparasjon og vedlikehold av andre husholdningsvarer og varer til personlig bruk ikke nevnt annet sted |
| 95.310 | Reparasjon og vedlikehold av motorvogner |
| 95.320 | Reparasjon og vedlikehold av motorsykler |
| 95.400 | Formidlingstjenester tilknyttet reparasjon og vedlikehold av datamaskiner, husholdningsvarer og varer til personlig bruk, og motorvogner og motorsykler |
| 96* | Hele hovedgruppe 96 |
| 96.100 | Vaskeri- og renserivirksomhet |
| 96.210 | Frisering og barbering |
| 96.220 | Skjønnhetspleie |
| 96.230 | Aktiviteter i dagspa, badstue og dampbad |
| 96.300 | Begravelsesbyråvirksomhet og lignende tjenester |
| 96.400 | Formidlingstjenester tilknyttet personlig tjenesteyting |
| 96.910 | Personlig tjenesteyting i husholdninger |
| 96.990 | Andre personlige tjenester ikke nevnt annet sted |
| 97* | Hele hovedgruppe 97 |
| 97.001 | Aktiviteter i borettslag og boligsameier |
| 98* | Hele hovedgruppe 98 |
| 99* | Hele hovedgruppe 99 |