Sector

Construction

19,384 companies ranked against comparable companies in four Morning company classes. Fiscal year 2024. Source: Brønnøysund Register Centre. Methodology

Morning company class

Morning company classes are our own division by revenue, not an official standard: Micro NOK 1m–10 MNOK, Small 10 MNOK–50 MNOK, Medium 50 MNOK–500 MNOK, Large from 500 MNOK. Companies are ranked only against others in the same class, and every figure below is for the class you have chosen. What are Morning company classes?

Ranking · 2024 · Morning class Small

Morning class Small · 2024
#	Company	Profile	Score	Change
1	Arntzen Håndverker Service AS	Leader	96	+28
2	Harper Bygg AS	Leader	95	+24
3	Grini Holding AS	Leader	94	–
4	SOLHEIM MASKIN & Bergsprenging AS	Leader	94	+2
5	Bærum Byggtjenester AS	Leader	93	+3
6	SV Asfalt og Eiendom AS	Leader	93	+14
7	HA Bygg AS	Leader	93	+6
8	Nobygg Entreprenør AS	Leader	93	+30
9	Hordaglass AS	Leader	93	–
10	Atas Grunn og Betong AS	Leader	92	+25
11	Wingereid Maskin AS	Leader	92	+3
12	Byggmester Rolf Christian Askeland AS	Leader	92	+12
13	Aarbakk Maskin AS	Leader	92	+17
14	Rivningsgruppen AS	Leader	92	+22
15	Lågen Elektro AS	Leader	92	+13
16	Fiberconnect AS	Leader	91	+16
17	Okas AS	Leader	91	+21
18	WK Pol Bygg AS	Leader	91	+3
19	Gunnleif Fjogstad Maskin AS	Leader	91	+13
20	Sr Bygg AS	Leader	91	+18
21	Ellingsen Maskin og Transport AS	Leader	91	−3
22	Bergen Murerservice AS	Leader	90	+45
23	Gulvlegger Vest AS	Leader	90	−7
24	Flow Elektro Oslo Vest AS	Leader	90	+22
25	Nord Industrirør AS	Leader	90	+22
26	Bakken Bygg og Anlegg AS	Leader	89	−3
27	Kha Maskin AS	Leader	89	+20
28	Viametrics AS	Leader	89	−8
29	Rauland Laft AS	Leader	89	+25
30	Bergstaden VVS AS	Leader	89	+25
31	Geir Gullbekk AS	Leader	89	+21
32	Brokke Bygg AS	Leader	89	−2
33	Kuldespesialisten AS	Leader	88	+15
34	Arctic Rope Tech AS	Leader	88	+14
35	Helge's Maskinstasjon A/S	Leader	88	−2
36	Elektriker'n Asker AS	Leader	88	+7
37	NH Maskin AS	Leader	88	+1
38	Aml Service AS	Leader	88	−6
39	Stjern AS	Leader	88	+3
40	Lundamo Bygg AS	Leader	88	−4
41	Veiskilting AS	Leader	88	−4
42	Murmester Svela AS	Leader	88	+23
43	Norwegian Pipeline Drilling AS	Leader	87	–
44	Sandsbråten Bygg AS	Leader	87	+11
45	T L Fjellsprengning AS	Leader	87	+5
46	Argo Vei og Maskin AS	Leader	87	+48
47	Bauta Betong AS	Leader	87	+7
48	D.C. Stillas AS	Leader	87	+5
49	Bergsand AS	Leader	87	+20
50	Hovin Laft AS	Leader	87	+63

Download as CSV (opens in Excel)

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 Small

Scanmast AS
From 2023 to 2024: the equity ratio rose from −114.1% to 64.5% and the operating margin rose from −19.8% to 13.1%.
+77
Rks Entreprenør AS
From 2023 to 2024: the equity ratio rose from −19.1% to 48.5% and the operating margin rose from 2.1% to 26.0%.
+71
PB Tre AS
From 2023 to 2024: the operating margin rose from −2.0% to 19.3% and went from a loss to a profit before tax.
+67
GRAV & Spreng AS
From 2023 to 2024: the operating margin rose from −16.6% to 12.6% and went from a loss to a profit before tax.
+64

Top lists in the sector · 2024 · Morning class Small

The five largest companies account for 0% of the sector's revenue. Combined profit before tax for the 5,341 ranked companies: 6,473 MNOK.

Size

The largest by revenue and employees, and who earns the most per employee.

Highest revenue

Trulssen Maskin AS 50 MNOK
Prosjekt Vest Bygg AS 50 MNOK
BYGGMESTERFIRMAET MARTINSEN & Østby AS 50 MNOK
Skjærgårdsbygg AS 50 MNOK
RH Kvalitetsbygg AS 50 MNOK

Operating revenue.

Most employees

Employees according to the Central Coordinating Register.

Highest revenue per employee

Avineering AS 7.1 MNOK
Sirdal Bygg AS 6.9 MNOK
RW Gjenvinning AS 6.6 MNOK
OSLO BAD & Renovering AS 6.4 MNOK
B&D Nor AS 6.4 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

Operating result divided by operating revenue.

Largest profit

Presis Infra AS 290 MNOK
HG Håndverksgruppen Norge AS 190 MNOK
Energima Gruppen AS 181 MNOK
Eltera Gruppen Norge AS 111 MNOK
Vedal AS 110 MNOK

Profit before tax.

Largest loss

Nrc Group ASA −741 MNOK
Eleda Norge AS −46 MNOK
I-Bolig AS −31 MNOK
STEINSVIK HUS & Entreprenør AS −28 MNOK
Allier AS −28 MNOK

Profit before tax, the largest negative.

Most solid

Stjern AS 99.6%
Ark Bolig AS 98.9%
A til Å Service AS 93.8%
Møre Hus AS 93.3%
Grini Holding AS 92.4%

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

Merdslippen AS +383.0%
Hålogalandsvegen AS +290.7%
Jærentreprenør Anlegg AS +263.3%
Gjøa Holding AS +251.1%
Allsidig Elektro AS +249.3%

Revenue growth from the year before, only from at least NOK 10 million in revenue.

Largest revenue decline

Boligbygg Vest AS −92.8%
Building the Future AS −88.4%
Orkdalsvegen AS −84.4%
Mako-Invest AS −78.9%
Killingmo Freseservice AS −77.6%

Revenue decline from the year before, only from at least NOK 10 million in revenue.

Biggest climbers

Scanmast AS +77.3 points
Rks Entreprenør AS +70.6 points
PB Tre AS +66.5 points
GRAV & Spreng AS +64.1 points
Floorlift Norge AS +64.1 points

Change in index points from the year before.

Biggest fallers

Olsen Byggservice AS −63.6 points
Sanart AS −61.8 points
Brødrene Jobsen AS −60.6 points
Viken-Maskin AS −60.2 points
Betongentreprenør Arne-Olav Tveit AS −60.0 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.

Quadrant analysis

Positions in the sector · 2024 · Morning class Small

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.

The chart and list show the 400 largest companies by revenue, of 5,341 in the class. Everyone is in the ranking. Full ranking

Bubble size shows relative revenue, not exact figures. Dashed lines show where the 5 companies that moved most stood in 2023 (small ring).

Frico AS profitability 4 → 89, solidity 25 → 65
Rasjonell VVS AS profitability 6 → 79, solidity 4 → 39
Avineering AS profitability 57 → 95, solidity 15 → 84
Tøgersen Elektro AS profitability 3 → 79, solidity 0 → 14
Htl Electric Group AS profitability 9 → 83, solidity 32 → 50

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

Company	Profile	Profitability	Solidity	In 2023 (profitability / solidity)
BYGGTAPETSERMESTER STIGEN & Kronheim AS	Cheetah	98	11	–
GREVLINGEN & CO AS	Lion	98	70	89 / 42
Klima Øst AS	Cheetah	97	48	94 / 71
Snekretariatet AS	Lion	97	89	–
KM Ventilasjon AS	Cheetah	96	47	–
Avineering AS	Lion	95	84	57 / 15
Haneseth VVS Bodø AS	Cheetah	95	27	86 / 26
Isa Group Holding AS	Lion	95	95	–
Realbygg Larvik AS	Lion	94	67	89 / 67
Odin Tilkomstservice AS	Cheetah	94	40	93 / 41
El-Team AS	Cheetah	94	25	–
Trg-Elektro AS	Lion	94	73	90 / 76
K.S.K. Bygg AS	Lion	94	76	77 / 70
Dimmelsvik Entreprenør AS	Lion	93	56	–
Avarn Security Innlandet AS	Lion	93	77	93 / 35
Sønstegård AS	Lion	93	76	70 / 56
Anor AS	Lion	93	92	–
B45 Anlegg AS	Cheetah	92	27	66 / 0
Buskerud Varmepumpeservice AS	Cheetah	92	46	92 / 50
OSLO & Follo Byggtjenester AS	Cheetah	91	35	–
MJA MALER & Gulvbelegg AS	Cheetah	90	34	85 / 77
B Mikkelsen AS	Lion	90	75	78 / 39
Hatteland Elektriske AS	Cheetah	90	29	94 / 28
Allsidig Elektro AS	Cheetah	89	16	59 / 36
Tre i Bygg AS	Cheetah	89	26	77 / 39
Intergas AS	Cheetah	89	21	79 / 21
BJØRVIK & Haugen AS	Lion	89	67	92 / 70
JK Anlegg AS	Lion	89	64	78 / 57
Kubikk Ventilasjon AS	Cheetah	89	45	46 / 87
Malermester Dema AS	Lion	89	82	82 / 86
Frico AS	Lion	89	65	4 / 25
Tak og Beslag AS	Lion	89	90	85 / 90
FH Gruppen AS	Lion	88	78	–
Mtg AS	Lion	88	69	90 / 41
Murmester Lindgren AS	Cheetah	88	16	80 / 25
Comfort Elektro AS	Cheetah	88	28	73 / 11
SALTEN ENTREPRENØR & Eiendom AS	Cheetah	88	20	27 / 21
Fjell og Gravelag AS	Lion	88	86	–
Fiber Line AS	Lion	88	84	87 / 75
Nordheim VVS AS	Lion	87	59	80 / 46
Sørlandets Elektro AS	Lion	87	80	84 / 81
H Sæther VVS AS	Lion	87	77	91 / 85
Preg Bolig AS	Cheetah	87	46	–
RØRLEGGER STRAND & CO AS	Lion	87	64	–
Atom Elektro AS	Lion	87	96	–
Kvernevik AS	Lion	86	70	37 / 93
SVENDSENS GLASS-SERVICE & Altiglass AS	Cheetah	85	38	87 / 91
Lier Graving og Transport AS	Cheetah	85	33	35 / 32
Trekon AS	Lion	84	55	–
BRØDR. Gjershaug AS	Cheetah	84	24	–

The sector in numbers

Summary · fiscal year 2024 · Morning class Small

The sector's median operating margin is 4.7%. 404 of 5,504 companies have negative equity. The median equity ratio is 34.8%.

Companies with accounts5,504

Total revenue120,932 MNOK

Median operating margin4.7%

Median equity ratio34.8%

Share with a loss22%

Share with negative equity7%

All figures are for fiscal year 2024. Ranked: 5,341 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 Small

Change in rank from 2023 to 2024, for 4,387 companies ranked in both years.

Climbers

4,799Scanmast ASfrom rank 5,087 to 28878
4,660Rks Entreprenør ASfrom rank 4,811 to 15182
4,532PB Tre ASfrom rank 4,759 to 22780
4,448GRAV & Spreng ASfrom rank 4,687 to 23979
4,273Opal Entreprenør ASfrom rank 4,399 to 12683

Fallers

4,539Sanart ASfrom rank 210 to 4,74924
4,478Viken-Maskin ASfrom rank 468 to 4,94619
4,379Olsen Byggservice ASfrom rank 847 to 5,2269
4,365Ajot Montering ASfrom rank 517 to 4,88221
4,213Askim Betongsaging ASfrom rank 748 to 4,96119

Awards · 2024 · Morning class Small

Most profitableStoro Blikk Holding AS100.0%

Fastest growthNsg Group AS170,598.8%

Strongest balance sheetStjern AS99.6%

Largest revenueTrulssen Maskin AS50 MNOK

Highest revenue per employeeAvineering AS7.1 MNOK

Needs attention · 2024 · Morning class Small

1,870 companies show at least one warning sign. Showing the 15 most important.

criticalBygg Design Trondheim ASNegative equity · Current ratio below 1 (0.34) · Loss before tax
criticalJærentreprenør Anlegg ASNegative equity · Current ratio below 1 (0.30) · Loss before tax
criticalStorvik Maskin ASNegative equity · Current ratio below 1 (0.96) · Loss before tax
criticalArthur J Thorsen ASNegative equity · Current ratio below 1 (0.54) · Loss before tax
criticalModulvegger Bergen ASNegative equity · Current ratio below 1 (0.66) · Loss before tax
criticalMalermester Peder E Vik ASNegative equity · Current ratio below 1 (0.66) · Loss before tax
criticalSesol ASNegative equity · Current ratio below 1 (0.15) · Loss before tax
criticalEiker Tak og Blikk ASNegative equity · Current ratio below 1 (0.75) · Loss before tax
criticalOslo Prosjektbygg ASNegative equity · Current ratio below 1 (0.71) · Loss before tax
criticalTveitabru Bygg ASNegative equity · Current ratio below 1 (0.97) · Loss before tax
criticalDekagon ASNegative equity · Current ratio below 1 (0.77) · Loss before tax
criticalKlarvinduer ASNegative equity · Current ratio below 1 (0.56) · Loss before tax
criticalBoxly ASNegative equity · Current ratio below 1 (0.86) · Loss before tax
criticalBohlin Prosjekt ASNegative equity · Current ratio below 1 (0.68) · Loss before tax
criticalTømrermester Kjetil Eriksen ASNegative equity · Current ratio below 1 (0.50) · Loss before tax

Sector map · 2024 · Morning class Small

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.

The map shows the 400 largest companies by revenue, of 5,341 ranked. Everyone is in the ranking.

Show the map's figures as a table

Company	Operating margin	Equity ratio	Revenue
Trulssen Maskin AS	6.7%	77.8%	50 MNOK
Prosjekt Vest Bygg AS	5.4%	57.3%	50 MNOK
BYGGMESTERFIRMAET MARTINSEN & Østby AS	2.9%	28.0%	50 MNOK
Skjærgårdsbygg AS	1.9%	15.2%	50 MNOK
RH Kvalitetsbygg AS	−1.6%	7.2%	50 MNOK
Newconnection AS	−14.7%	3.9%	50 MNOK
Helicon AS	−9.9%	11.3%	50 MNOK
Garvik Prosjekt AS	−4.3%	8.8%	50 MNOK
Fagernes Anlegg AS	3.0%	41.4%	50 MNOK
Ccl Norway AS	−6.5%	2.6%	50 MNOK
Opdahl og Pettersen Elektro AS	0.7%	55.2%	50 MNOK
ENGELSEN & Leirvik AS	8.5%	28.5%	50 MNOK
Sønstegård AS	28.9%	53.0%	50 MNOK
Vestland Elektro og Rør AS	3.7%	42.2%	50 MNOK
Norrøn Bolig AS	0.3%	54.9%	50 MNOK
Telemarkhus AS	3.8%	18.5%	50 MNOK
Bach Johansen Håndverk AS	8.1%	35.8%	50 MNOK
Allum Bygg AS	2.8%	89.3%	49 MNOK
Elektroinstallatør Granberg og Nordengen AS	10.2%	54.9%	49 MNOK
M CARLSEN & Sønn AS	3.0%	33.0%	49 MNOK
Byggmester Ole A Langedrag AS	2.8%	50.8%	49 MNOK
LYSMESTER`N AS	5.1%	12.4%	49 MNOK
LEVEL POWER & Automation AS	4.4%	47.8%	49 MNOK
Nordbohus Kongsvinger AS	3.6%	38.5%	49 MNOK
Norsk Fiberoptikk AS	−3.3%	43.3%	49 MNOK
Carlgustav Solutions AS	1.9%	13.4%	49 MNOK
Merdslippen AS	−0.8%	8.0%	49 MNOK
MJA MALER & Gulvbelegg AS	13.9%	26.1%	49 MNOK
BF Bygg Alvdal AS	2.4%	23.7%	49 MNOK
Viken Betong AS	14.0%	44.2%	49 MNOK
Elektrikern Mosjøen AS	9.3%	40.7%	49 MNOK
Noren Maler og Byggtapetserforretning AS	−5.4%	20.5%	49 MNOK
Grythe Maskin AS	7.3%	33.5%	49 MNOK
Lindesnes Bygg AS	3.5%	64.3%	49 MNOK
Byggmester Erling Skipnes AS	−3.4%	18.1%	49 MNOK
Steinar Levernes AS	−2.9%	49.3%	49 MNOK
Stavanger Varmesenter AS	6.5%	36.4%	49 MNOK
Fasaderenovering AS	1.1%	26.7%	49 MNOK
Haneseth VVS Bodø AS	18.1%	21.8%	49 MNOK
K.S.K. Bygg AS	18.0%	52.7%	49 MNOK
BYGGTAPETSERMESTER STIGEN & Kronheim AS	26.7%	8.8%	49 MNOK
Elman Stjørdal AS	1.2%	51.5%	49 MNOK
Total Teknisk AS	7.6%	−102.3%	49 MNOK
Frico AS	16.7%	45.6%	49 MNOK
Østa Elektro AS	6.7%	31.9%	49 MNOK
Norwind Storm AS	41.8%	33.9%	49 MNOK
Stranda Anleggsservice AS	10.4%	49.6%	49 MNOK
Slam Jernbaneteknikk AS	−1.8%	21.4%	49 MNOK
VS Prosjekt AS	8.3%	34.9%	49 MNOK
Kvernmo AS	−3.8%	37.7%	49 MNOK
Rekkverk Spesialisten AS	0.9%	17.7%	49 MNOK
Byggmester Grønvold AS	1.6%	9.3%	49 MNOK
BJØRVIK & Haugen AS	14.5%	46.9%	49 MNOK
Bks VVS AS	6.7%	36.1%	49 MNOK
Kråkerøy Rør AS	9.7%	32.8%	49 MNOK
AS WATT	2.7%	54.4%	49 MNOK
Rørtema AS	5.4%	16.8%	48 MNOK
Realbygg Larvik AS	16.4%	47.2%	48 MNOK
Murmester Heskje AS	1.6%	16.7%	48 MNOK
AS ELEKTROINSTALLASJON	1.7%	37.8%	48 MNOK
Hsn Bygg AS	2.8%	43.3%	48 MNOK
E-Tech Elektro Installasjon AS	6.2%	7.6%	48 MNOK
Arne Hernes AS	−15.5%	62.2%	48 MNOK
MURMESTRENE SVEEN & CO AS	8.1%	50.5%	48 MNOK
Kreativt Bygg AS	6.0%	32.0%	48 MNOK
Torleiv Straume AS	−3.4%	80.2%	48 MNOK
Lier Graving og Transport AS	12.3%	25.3%	48 MNOK
Snekretariatet AS	22.5%	65.5%	48 MNOK
Pmh Elektro AS	−7.0%	−9.0%	48 MNOK
Auden Senderud Gravemaskindrift AS	3.7%	65.9%	48 MNOK
Rogaland Alarmtjenester AS	9.8%	79.9%	48 MNOK
El-Team AS	16.9%	20.0%	48 MNOK
Kålås Bygg AS	3.2%	29.6%	48 MNOK
Knut Malmberg AS	0.0%	64.9%	48 MNOK
Norsecraft Tec AS	9.6%	29.9%	48 MNOK
Preg Bolig AS	11.0%	33.3%	48 MNOK
Midt-Norsk Bygg og Eiendom AS	11.3%	66.5%	48 MNOK
Lumon Norge AS	−16.5%	14.8%	48 MNOK
Sirdal Bygg AS	0.3%	17.4%	48 MNOK
Kjøleassistanse AS	6.7%	0.4%	48 MNOK
Time Elektro AS	2.6%	39.8%	48 MNOK
Jærentreprenør Anlegg AS	−0.3%	−93.9%	48 MNOK
Fiber Line AS	13.0%	59.3%	48 MNOK
Aase Rør AS	5.4%	32.4%	48 MNOK
Monsen Elektro AS	−22.5%	26.8%	48 MNOK
Storm Elektro Oslo-Akershus AS	2.0%	33.0%	48 MNOK
Byggproffen Bodø AS	2.3%	1.3%	48 MNOK
Ecosol AS	4.0%	45.2%	48 MNOK
ROBERTSEN & Slotnes AS	1.4%	55.7%	48 MNOK
Solbjør AS	10.1%	32.5%	48 MNOK
Rognmo Graveservice AS	10.8%	40.9%	48 MNOK
Team Installasjon AS	12.6%	20.3%	48 MNOK
Bernt Gundersen Graveservice AS	1.2%	51.6%	48 MNOK
Byggmester Slyk & Espevik A/S	3.8%	25.7%	48 MNOK
Hellesjø Bygg Entreprenør AS	2.0%	21.7%	48 MNOK
Prosjektbygg AS	4.3%	62.8%	48 MNOK
JK Anlegg AS	14.1%	44.6%	48 MNOK
Skåbu Tradisjonsbygg AS	0.1%	56.1%	48 MNOK
SALTEN ENTREPRENØR & Eiendom AS	12.0%	17.0%	48 MNOK
Terje Halsan AS	−6.5%	59.8%	48 MNOK
Mtg AS	13.0%	48.4%	48 MNOK
Byggmester Egil Knudsen AS	8.1%	49.2%	47 MNOK
Storvik Maskin AS	−3.3%	−1.0%	47 MNOK
Carlsens Elektro Installasjon AS	7.3%	37.5%	47 MNOK
M-Tett AS	11.0%	31.9%	47 MNOK
Elektro Norden AS	5.9%	19.6%	47 MNOK
Aarsrud Bygg AS	2.4%	33.7%	47 MNOK
Odin Tilkomstservice AS	20.8%	29.5%	47 MNOK
RØRLEGGER STRAND & CO AS	17.6%	45.0%	47 MNOK
Systemsikring AS	6.0%	65.8%	47 MNOK
Nordhaug Maskin AS	12.1%	32.1%	47 MNOK
ENGEBRETSEN INGENIØR - Entreprenør AS	4.3%	30.7%	47 MNOK
Land Anleggsdrift AS	4.1%	21.4%	47 MNOK
Geir Vatnebryn AS	1.5%	65.0%	47 MNOK
Malermester Dema AS	14.9%	57.9%	47 MNOK
Atec Voss AS	8.9%	27.4%	47 MNOK
Hatteland Elektriske AS	15.3%	23.0%	47 MNOK
Minor Industriplast AS	9.9%	41.1%	47 MNOK
Elektroservice Kristiansund AS	2.4%	30.0%	47 MNOK
Enes og Olsen Malerforretning AS	2.4%	20.1%	47 MNOK
Rasmussen Anlegg AS	0.6%	78.8%	47 MNOK
Murmester Lindgren AS	14.5%	13.9%	47 MNOK
Ateam Inneklimaservice AS	10.8%	19.0%	47 MNOK
Noractor AS	0.0%	37.2%	47 MNOK
ØYE & CO AS	−3.5%	54.9%	47 MNOK
Pet Installasjon AS	2.2%	19.6%	47 MNOK
KM Ventilasjon AS	21.5%	34.2%	47 MNOK
HR Entreprenør AS	−2.4%	31.4%	47 MNOK
Stavanger Klima AS	11.9%	25.7%	47 MNOK
Elmar Svendsen AS	−1.1%	62.9%	47 MNOK
Interiør Service Helgeland AS	9.4%	56.5%	47 MNOK
Nobel Rør Installasjon AS	1.9%	7.5%	47 MNOK
BYGGMESTERFIRMA ANDERSEN & Kristiansen AS	1.2%	25.4%	47 MNOK
Teleklima AS	3.7%	37.1%	47 MNOK
Dammyr Bygg AS	2.5%	34.8%	47 MNOK
FJELLESTAD & Heggland AS	4.1%	28.3%	47 MNOK
Murmester Tor Trygve Pedersen AS	4.8%	44.3%	47 MNOK
HEMER LÅS & Dørtelefon AS	5.6%	41.5%	47 MNOK
NORD ROGALAND BLIKK & Ventilasjon AS	10.6%	52.8%	47 MNOK
Kai og Anlegg Entreprenør AS	1.1%	48.5%	46 MNOK
Elektro Team AS	−3.0%	43.9%	46 MNOK
Byggmester Erik Kåbuland AS	1.2%	25.8%	46 MNOK
A.I.Vent AS	5.1%	21.1%	46 MNOK
MASKINENTREPRENØR STIAN A. Olsen AS	3.6%	22.2%	46 MNOK
Arw Entreprenør AS	7.7%	23.8%	46 MNOK
Arild Kolstad A/S	5.6%	32.7%	46 MNOK
OK Kristoffersen Entreprenør AS	1.6%	22.2%	46 MNOK
Tfs Blikk og Fasade AS	0.4%	17.7%	46 MNOK
Kvernevik AS	17.7%	48.9%	46 MNOK
BYGGMESTER IVER R. Gresseth AS	1.4%	33.1%	46 MNOK
ASKER & Bærum Bygg AS	14.6%	68.8%	46 MNOK
Klima Øst AS	20.9%	34.4%	46 MNOK
Hellvik Hus Inderøy AS	5.4%	54.1%	46 MNOK
Kartevoll AS	3.1%	57.5%	46 MNOK
Arthur J Thorsen AS	−11.7%	−24.6%	46 MNOK
Ole Sivertsen AS	4.0%	25.5%	46 MNOK
Tormod Kristensen Maskin AS	5.6%	−69.0%	46 MNOK
Elverum Blikkenslagerverksted AS	4.2%	36.8%	46 MNOK
Fagsnekkern Robert Hilstad AS	0.1%	19.1%	46 MNOK
Ragnvald Moe AS	4.2%	36.4%	46 MNOK
ALFA OLIS GASS & VVS AS	3.3%	52.7%	46 MNOK
Dam og Sjøplastring AS	10.2%	43.2%	46 MNOK
Dimmelsvik Entreprenør AS	17.1%	40.0%	46 MNOK
Tøgersen Elektro AS	8.6%	11.3%	46 MNOK
Holdahl Maskin og Transport AS	4.9%	21.6%	46 MNOK
Modulvegger Bergen AS	−5.8%	−43.7%	46 MNOK
THON & CO AS	8.2%	34.1%	46 MNOK
Mesto Entreprenør AS	5.4%	24.4%	46 MNOK
Svorka Installasjon AS	0.1%	16.8%	46 MNOK
Ishoel AS	6.6%	82.2%	46 MNOK
Hbv Betong AS	11.8%	30.0%	46 MNOK
Emil Håberget AS	0.6%	16.2%	46 MNOK
Bjerke Nettbygg AS	9.3%	84.7%	46 MNOK
Malersentralen AS	−1.1%	42.8%	46 MNOK
ANDERSEN & Bakke Entreprenørforretning AS	1.8%	70.7%	46 MNOK
Brødrene Albrigtsen AS	1.0%	29.9%	46 MNOK
Nog Entreprenør AS	2.6%	8.7%	46 MNOK
Vadsø Installasjon AS	2.8%	69.4%	46 MNOK
Sørlandets Elektro AS	14.8%	55.8%	45 MNOK
Norges Rørleggerbedrift AS	11.7%	12.3%	45 MNOK
AS OSTER TRANSPORT & ENTREPRENØRFORRETNING	1.4%	74.4%	45 MNOK
Entreprenør Ansgar Birkeland AS	12.5%	64.9%	45 MNOK
Anor AS	22.3%	69.5%	45 MNOK
BJØRN MYHRA & Sønn Entreprenør AS	2.7%	37.0%	45 MNOK
Malermester Knutson AS	10.5%	43.8%	45 MNOK
Edderkopp Betong AS	0.6%	7.6%	45 MNOK
Veidrift Nord AS	4.8%	53.0%	45 MNOK
El-Kontakten AS	4.8%	37.8%	45 MNOK
Harstadmester1 AS	3.6%	16.0%	45 MNOK
Byggmester Svein Jacobsen AS	8.0%	17.7%	45 MNOK
Areal Byggservice AS	7.5%	13.8%	45 MNOK
Per Hagen AS	5.4%	26.0%	45 MNOK
Killingmo Freseservice AS	−37.8%	5.2%	45 MNOK
Forskaling AS	4.7%	12.5%	45 MNOK
Blåne AS	−25.1%	45.3%	45 MNOK
Bugge Maskin og Transport AS	5.5%	33.3%	45 MNOK
Ski Byggservice AS	4.2%	28.6%	45 MNOK
S Farmens Mesterbygg AS	9.1%	15.3%	45 MNOK
Byggmester Brødrene Foss AS	6.3%	62.1%	45 MNOK
Gauldal Bygg AS	7.0%	64.1%	45 MNOK
BRØDR. Gjershaug AS	9.5%	19.8%	45 MNOK
Asfaltfres Sør AS	4.7%	15.2%	45 MNOK
Kystbygg AS	7.8%	45.2%	45 MNOK
Mesterbygg Halden AS	5.9%	42.4%	45 MNOK
Moss Glass og Fasade AS	1.4%	26.8%	45 MNOK
BYGGMESTERFIRMA JØRGENSEN & Kemkers AS	3.3%	35.5%	45 MNOK
Bergen og Omegn Rør og Elektro AS	2.8%	60.5%	45 MNOK
Skogen Entreprenør AS	7.1%	59.3%	45 MNOK
RK Rørfornying Norge AS	13.2%	64.2%	45 MNOK
Ingeniør Hans Becker AS	2.2%	34.7%	45 MNOK
Porsgrunn Rørleggerforretning AS	6.1%	69.2%	45 MNOK
BB Bygg Stathelle AS	10.0%	43.7%	45 MNOK
Pol Betong AS	−0.6%	49.1%	45 MNOK
TAKTEKKERMESTER B.Schramm AS	5.7%	13.3%	45 MNOK
Altbygg AS	10.3%	28.2%	45 MNOK
HANSEN & Dahl AS	2.6%	2.9%	45 MNOK
H Sæther VVS AS	14.3%	53.3%	45 MNOK
Stillaspartner AS	−11.7%	38.4%	45 MNOK
Ibr Innstallasjon og Byggservice AS	3.8%	45.2%	45 MNOK
Fjell og Gravelag AS	18.4%	61.9%	45 MNOK
Rasjonell VVS AS	8.6%	28.7%	44 MNOK
Østlaft AS	−2.6%	8.0%	44 MNOK
ÅSEN & Øvrelid Røberg AS	−9.8%	12.0%	44 MNOK
Haneseth Tromsø AS	2.0%	49.8%	44 MNOK
Bolkan Kranservice AS	17.1%	22.7%	44 MNOK
Ptg Winntech AS	0.7%	19.5%	44 MNOK
GRØTTUMSBRÅTENS EFTF. AS	3.1%	41.1%	44 MNOK
Selvaste Persen Maskin AS	8.5%	43.7%	44 MNOK
Nils Kloster AS	5.3%	41.4%	44 MNOK
B Mikkelsen AS	15.9%	52.1%	44 MNOK
Lockit AS	7.5%	43.4%	44 MNOK
Ringjord Elektro AS	3.6%	40.3%	44 MNOK
Minel Skogvang Installasjon AS	−11.1%	41.0%	44 MNOK
Kran og Entreprenørtjenester AS	3.2%	44.9%	44 MNOK
Snemyr Betongsprøyting AS	9.1%	38.5%	44 MNOK
Finnsnes Rør og Elektro AS	0.2%	18.2%	44 MNOK
Løkse Maskin AS	8.3%	73.4%	44 MNOK
Østlandske Vei og Betong AS	−21.1%	14.5%	44 MNOK
Malermester Jens Petter Lunde AS	2.3%	55.3%	44 MNOK
Trg-Elektro AS	17.9%	51.2%	44 MNOK
Osbygg AS	8.5%	56.5%	44 MNOK
Idéhus Ålesund AS	−2.0%	33.0%	44 MNOK
Hålogalandsvegen AS	68.1%	0.6%	44 MNOK
Elektroide AS	7.3%	39.0%	44 MNOK
Eiker Tak og Blikk AS	−3.2%	−23.6%	44 MNOK
AH BYGG AUESTAD & Håland AS	9.8%	32.0%	44 MNOK
Pedersen Brøyting AS	4.9%	69.4%	44 MNOK
Intergas AS	12.9%	17.7%	44 MNOK
Hitech Energy AS	4.7%	17.5%	44 MNOK
Avavi AS	−10.4%	17.7%	44 MNOK
Nordbø Utleie AS	12.4%	62.9%	44 MNOK
Trio Bygg AS	−3.8%	17.1%	44 MNOK
Larsen Maskin og Transport AS	3.2%	71.0%	44 MNOK
E Betonggulv AS	−2.1%	25.5%	44 MNOK
Haneseth Elektro Narvik AS	5.1%	34.8%	44 MNOK
RG Development AS	4.5%	2.2%	44 MNOK
Grannes VVS AS	2.0%	15.3%	44 MNOK
Trekon AS	13.0%	39.0%	44 MNOK
FH Gruppen AS	10.8%	54.2%	44 MNOK
ATEQ // Bergen Stillas AS	3.5%	33.5%	43 MNOK
Femur Bygg AS	3.6%	28.0%	43 MNOK
Kubikk Ventilasjon AS	14.1%	33.0%	43 MNOK
Eltron AS	1.0%	53.3%	43 MNOK
OMMEDAL & Sønner AS	2.0%	28.9%	43 MNOK
Smådahl AS	−1.3%	57.8%	43 MNOK
Johansen Rør AS	−0.4%	30.0%	43 MNOK
Boligprosjekt Overhalla AS	3.0%	36.9%	43 MNOK
V M Bygg AS	5.8%	3.1%	43 MNOK
Multiluft AS	9.1%	41.1%	43 MNOK
Lars Haga AS	4.4%	60.2%	43 MNOK
Karlshusgarasjene AS	1.2%	27.1%	43 MNOK
Eger Bygg AS	6.4%	52.0%	43 MNOK
Øra-Bygg AS	0.7%	12.3%	43 MNOK
Stibyggjaren AS	9.8%	89.6%	43 MNOK
Maskinentreprenør Karsten Mikalsen AS	7.2%	58.1%	43 MNOK
Port Innlandet AS	12.1%	32.6%	43 MNOK
Morken Maskin AS	2.8%	−11.2%	43 MNOK
Thorsnes Bygg A/S	15.1%	72.7%	43 MNOK
Kjenseth Maskin AS	0.5%	59.6%	43 MNOK
Basis Bygg AS	12.0%	31.9%	43 MNOK
Erling Grimsrud AS	11.9%	76.0%	43 MNOK
Bilstad Bygg AS	2.7%	30.0%	43 MNOK
KR A Vik AS	4.6%	48.5%	43 MNOK
Htl Electric Group AS	10.6%	36.0%	43 MNOK
Mikael Wik AS	−0.3%	22.9%	43 MNOK
Klart Vann AS	12.3%	64.4%	43 MNOK
Sb2 Utvikling AS	4.7%	39.0%	43 MNOK
Norgeshus Egersund AS	9.3%	1.4%	43 MNOK
Jess-Bygg AS	4.3%	46.1%	43 MNOK
OSLO & Follo Byggtjenester AS	15.8%	26.5%	43 MNOK
Byggmester Tønnes AS	9.3%	19.1%	43 MNOK
Miljøbygg AS	0.8%	11.3%	43 MNOK
Atlant Entreprenør AS	−4.2%	50.8%	43 MNOK
Einar Mork Snekkerverksted AS	5.2%	44.9%	43 MNOK
GJ Entreprenør AS	6.5%	7.8%	43 MNOK
Strømmen El-Installasjon AS	10.4%	31.4%	43 MNOK
Mesterhus Levanger AS	2.5%	19.5%	43 MNOK
Kay Betongsaging AS	7.5%	37.4%	43 MNOK
Envatec AS	−7.5%	63.6%	43 MNOK
Varmepumpe Energy AS	2.8%	34.3%	43 MNOK
Bergen Montering AS	−1.5%	8.6%	43 MNOK
Ditmar Enge Elektro AS	8.3%	61.1%	43 MNOK
K. Volden AS	5.3%	61.8%	43 MNOK
Itel AS	11.5%	21.6%	43 MNOK
Thoralf Myhre AS	5.3%	62.9%	43 MNOK
Høitomt Fjellboring AS	1.9%	49.2%	43 MNOK
Mesterblikk AS	2.7%	48.0%	43 MNOK
Viking Kulde AS	11.1%	27.2%	43 MNOK
GE Con AS	2.6%	20.2%	43 MNOK
Faugstad Elektro AS	2.9%	38.3%	43 MNOK
Gabriel Elektro AS	6.6%	14.8%	43 MNOK
Tak og Beslag AS	20.7%	66.0%	43 MNOK
BYGGMESTER LINDHJEM & Lund AS	5.3%	20.0%	43 MNOK
EK Elektro AS	8.4%	18.4%	43 MNOK
FAGMUR & Flis AS	1.1%	3.1%	43 MNOK
Avineering AS	16.6%	59.8%	43 MNOK
Avarn Security Innlandet AS	17.7%	53.9%	43 MNOK
Gardsbygg AS	3.1%	23.2%	43 MNOK
Holm Bygg og Maskin AS	5.3%	77.7%	43 MNOK
Stolt Bolig AS	2.1%	37.3%	43 MNOK
Daniel Jakobsen Maskin AS	−2.7%	36.0%	43 MNOK
Atom Elektro AS	16.6%	77.3%	43 MNOK
Profil Montering AS	9.1%	68.3%	43 MNOK
Mæland Rør AS	3.2%	49.4%	43 MNOK
Uteromsgruppen AS	1.6%	15.2%	42 MNOK
Skårhaug Taktekk AS	7.1%	25.1%	42 MNOK
Multi Kulde Vest AS	10.3%	58.5%	42 MNOK
ANLEGG & Infrastruktur AS	−13.9%	5.7%	42 MNOK
Akaso Elektro AS	7.4%	20.2%	42 MNOK
Byggalf AS	6.2%	44.7%	42 MNOK
Tre i Bygg AS	12.0%	20.5%	42 MNOK
Bulmak AS	0.8%	42.6%	42 MNOK
Mesterbygg Numedal AS	6.7%	43.7%	42 MNOK
Submet Entreprenør AS	−15.9%	1.1%	42 MNOK
Nordheim VVS AS	12.7%	41.3%	42 MNOK
Smartmaler Bygg AS	4.5%	15.3%	42 MNOK
TAPET & Malercompaniet AS	3.0%	36.6%	42 MNOK
Oslo Prosjektbygg AS	−18.7%	−23.9%	42 MNOK
Alltak AS	9.4%	46.7%	42 MNOK
Elverum Rørservice AS	3.4%	26.2%	42 MNOK
ET Bygg AS	8.5%	36.6%	42 MNOK
Øvrebø Fargehandel AS	7.8%	40.0%	42 MNOK
Arnesen Multiservice AS	6.8%	25.3%	42 MNOK
3 T Bygg AS	5.6%	33.9%	42 MNOK
Alstad Maskin AS	5.6%	76.9%	42 MNOK
Byggmester Øystein Torgersen AS	13.2%	30.6%	42 MNOK
Knu Bygg og Renovering AS	5.7%	12.0%	42 MNOK
Sinus Mosjøen AS	7.9%	33.6%	42 MNOK
Byggmester Jostein Garnes AS	−7.3%	79.3%	42 MNOK
Solstrand Boliger AS	4.2%	7.4%	42 MNOK
Solutec VVS AS	−12.2%	16.4%	42 MNOK
Vestre Aker Elektro AS	6.4%	8.8%	42 MNOK
Norsk Områdesikring AS	3.2%	11.0%	42 MNOK
Liabø Entreprenør AS	1.0%	49.3%	42 MNOK
MR. Fug AS	7.0%	40.6%	42 MNOK
Mur og Puss AS	6.6%	29.4%	42 MNOK
Tofire AS	3.8%	25.4%	42 MNOK
HL Bygg AS	0.6%	37.5%	42 MNOK
Ekren Maskin AS	10.4%	14.5%	42 MNOK
Buskerud Varmepumpeservice AS	16.4%	33.4%	42 MNOK
Sordal Bygg AS	2.7%	56.8%	42 MNOK
Dale Kjøleservice AS	10.5%	3.7%	42 MNOK
Trollparts AS	0.5%	11.1%	42 MNOK
Trøndelag Freseservice AS	1.7%	13.6%	42 MNOK
Ytterdahl AS	−4.8%	14.2%	42 MNOK
B45 Anlegg AS	15.9%	21.6%	42 MNOK
Tosiva AS	−68.0%	61.0%	42 MNOK
Front Boligentreprenør AS	2.2%	7.3%	42 MNOK
Hi-Bygg AS	0.5%	14.5%	42 MNOK
Straume Rør AS	8.6%	28.6%	42 MNOK
BYGGMESTER AASE & Hegrenes AS	0.5%	10.2%	42 MNOK
New Shop AS	−1.3%	15.3%	42 MNOK
Comfort Elektro AS	11.7%	22.4%	42 MNOK
Murstad Entreprenørservice AS	3.5%	58.6%	42 MNOK
Østfold Sten AS	6.1%	22.4%	42 MNOK
Talgø Tradbo AS	−5.9%	21.9%	42 MNOK
Aurskog Ventilasjon og Blikkenslagerverksted AS	10.9%	84.9%	42 MNOK
Opsal og Fjelnset AS	−3.0%	55.2%	41 MNOK
Svane Kjøkken Stavanger AS	5.9%	25.9%	41 MNOK
Trondheim Murservice AS	4.7%	14.2%	41 MNOK
J Tangerås Murerservice AS	−2.4%	42.7%	41 MNOK
Anleggsmaskiner AS	9.8%	60.6%	41 MNOK
Flexcom AS	12.2%	28.5%	41 MNOK
Haugesund Blikk AS	4.7%	17.9%	41 MNOK
Dybvig AS	9.3%	54.2%	41 MNOK
Isa Group Holding AS	34.3%	74.3%	41 MNOK
Prosjekt Håndverk AS	5.8%	36.2%	41 MNOK
Algrøy Elektro AS	−5.5%	48.6%	41 MNOK
SVENDSENS GLASS-SERVICE & Altiglass AS	12.1%	28.3%	41 MNOK
Graver AS	3.2%	64.3%	41 MNOK
Byggmester Hans Helseth AS	0.7%	19.2%	41 MNOK
Orkla Stålkonsult AS	5.8%	47.5%	41 MNOK
Sommerfelt Elektro AS	9.8%	2.8%	41 MNOK
Proplan Bygg AS	1.3%	16.2%	41 MNOK
Kl-Bygg AS	−20.7%	−27.3%	41 MNOK
VVS- 24 AS	−2.3%	45.0%	41 MNOK
Fosby Stillas AS	3.9%	7.2%	41 MNOK
Allsidig Elektro AS	11.8%	13.8%	41 MNOK
Ramsdal Maskin AS	−2.0%	73.4%	41 MNOK
GREVLINGEN & CO AS	32.4%	48.6%	41 MNOK

Holding and investment companies · 2024

1,890 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: 660 have at least 10 MNOK in assets and are listed.

Holding and investment companies
Rank	Company	Score	Equity ratio	Return on assets	Current ratio	Total assets
1	F Engan Holding AS	100	100.0%	82.0%	–	18 MNOK
2	Anders Gåsemyr Holding AS	99	100.0%	99.8%	17,535.30	11 MNOK
3	Langnes Holding AS	98	100.0%	69.5%	–	14 MNOK
4	Lillejordet Holding AS	98	100.0%	67.8%	7,846.64	48 MNOK
5	Bmm Holding AS	98	100.0%	72.3%	2,653.39	17 MNOK
6	Albrigtsen Holding AS	96	99.9%	64.9%	367.89	20 MNOK
7	Novatek Invest AS	95	100.0%	42.0%	–	12 MNOK
8	Rønneberg Invest AS	95	99.9%	44.5%	1,546.61	41 MNOK
9	Osli Invest AS	94	99.8%	57.2%	289.12	11 MNOK
10	Eso Holding AS	94	99.9%	38.2%	1,446.57	21 MNOK
11	Fhs Holding AS	92	99.7%	40.3%	294.13	24 MNOK
12	Øvstedal Kraft Holding AS	91	99.1%	90.8%	110.56	19 MNOK
13	Fun Holding AS	90	100.0%	26.9%	–	11 MNOK
14	Les3 Holding AS	89	99.5%	51.9%	33.06	12 MNOK
15	F & P Invest AS	88	99.7%	38.5%	31.97	46 MNOK
16	Kjl Holding AS	88	99.2%	44.0%	53.90	41 MNOK
17	Ojs Holding AS	87	100.0%	23.1%	–	16 MNOK
18	Skotta Holding AS	87	99.0%	40.9%	74.16	15 MNOK
19	Haa Havet Holding AS	86	99.8%	21.2%	292.97	14 MNOK
20	Skagseth Invest AS	85	100.0%	18.0%	1,083.52	57 MNOK

Show all 100

Rank	Company	Score	Total assets
21	Des Investering AS	85	37 MNOK
22	RK Invest AS	85	29 MNOK
23	Sti-Invest AS	85	14 MNOK
24	Roho Bygg-Holding AS	85	21 MNOK
25	Apn Holding AS	84	12 MNOK
26	SOL - Invest AS	84	47 MNOK
27	Kjelsnes Holding AS	84	30 MNOK
28	Morten Solberg Invest AS	84	27 MNOK
29	S.Teigen Holding AS	83	14 MNOK
30	PB Invest Hamar AS	83	11 MNOK
31	Skandora Holding AS	83	20 MNOK
32	Haugsnes Holding AS	82	13 MNOK
33	Jan Martinsen Holding AS	82	51 MNOK
34	Christiania Investering AS	82	26 MNOK
35	J.K Holding AS	82	11 MNOK
36	Christoffer Hansen Holding AS	81	11 MNOK
37	Medby Invest AS	81	35 MNOK
38	Ahead Invest AS	81	13 MNOK
39	Ak-Gruppen Holding AS	81	11 MNOK
40	Enøk Systemer Holding AS	81	14 MNOK
41	Mama Invest AS	80	17 MNOK
42	Obe Holding AS	80	133 MNOK
43	Frøyland Holding AS	80	29 MNOK
44	Eidel Invest AS	80	25 MNOK
45	Brøderud Holding AS	80	43 MNOK
46	Skyberg Invest AS	79	33 MNOK
47	Msz Invest AS	79	13 MNOK
48	Odd-Invest AS	79	10 MNOK
49	Sivert Holding AS	79	15 MNOK
50	Ojp Invest AS	78	16 MNOK
51	Multiluft Invest AS	78	16 MNOK
52	Spar Holding AS	78	29 MNOK
53	Edgar Bjorøy Holding AS	78	33 MNOK
54	SO Holding og Invest AS	78	21 MNOK
55	Juma Invest AS	77	29 MNOK
56	BS Holding Eiendom AS	77	32 MNOK
57	FV Invest AS	77	13 MNOK
58	Kll Invest AS	77	23 MNOK
59	Johannes Mørkedal Holding AS	77	22 MNOK
60	Pjl Holding AS	77	11 MNOK
61	Toll Holding AS	76	52 MNOK
62	LH Holding AS	76	41 MNOK
63	G.T Holding AS	76	41 MNOK
64	Besse Holding AS	76	203 MNOK
65	Lindhaugen Invest AS	75	27 MNOK
66	Emkm Holding AS	75	21 MNOK
67	Litt Ditt Invest AS	75	10 MNOK
68	Metall Bygg Holding AS	75	116 MNOK
69	LS Holdings AS	74	52 MNOK
70	Paulsen Holding AS	74	11 MNOK
71	Jir Holding AS	74	19 MNOK
72	Elceta Invest AS	74	25 MNOK
73	Braaum Invest AS	74	91 MNOK
74	Rmc Invest AS	73	12 MNOK
75	Miljø Elektro Holding 2 AS	73	25 MNOK
76	Torkehagen Invest AS	73	11 MNOK
77	Ishavsbyen Holding AS	73	19 MNOK
78	Cmg Holding AS	73	24 MNOK
79	3J Holding AS	73	33 MNOK
80	Florø Holding AS	73	26 MNOK
81	Btp Holding AS	72	33 MNOK
82	D Jakobsen Holding AS	72	43 MNOK
83	Jordalen Invest AS	72	87 MNOK
84	Hath Invest AS	72	24 MNOK
85	Svela Invest AS	72	21 MNOK
86	Byggmc Holding AS	72	28 MNOK
87	Botn Holding AS	72	28 MNOK
88	Alfarrustad Invest AS	71	11 MNOK
89	Tko Holding AS	71	59 MNOK
90	T i Holding AS	71	25 MNOK
91	Eggum Holding AS	71	33 MNOK
92	Mestermal Holding AS	71	20 MNOK
93	Pov Invest AS	70	64 MNOK
94	Bakkevold Invest AS	70	11 MNOK
95	M Breen Holding AS	70	55 MNOK
96	Nico Holding AS	70	22 MNOK
97	Torjussen Holding AS	70	45 MNOK
98	Vestnor Holding AS	70	17 MNOK
99	Buskerud Blikk Holding AS	70	70 MNOK
100	MÅ Holding AS	70	41 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: 33,531
Companies with one owner: 68%
Companies where one owner holds more than half: 80%
Split: companies 31% · private persons 68% · foreign 1%
Owned from the same municipality: 87%
Owners over 60 (average per company): 30%
Ownership change 2007–2025: 62% of the companies had a change in owners · majority owner changed in 41.9% · new foreign majority in 0.6%

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 19,393 ranked companies in 2024, weighted by revenue and split by who sits at the top of the chain of majority owners in the shareholder register for 2025.

Who owns the sector
Top of the ownership chain	Share of revenue	Companies
Norwegian company without a majority owner	42%	2,405
Private persons	25%	12,459
Foreign owners	19%	387
No majority owner	13%	4,043
Not in the shareholder register	1%	87
The state, counties and municipalities	0%	12

The five largest owner groups hold 14% of the sector's revenue.

The largest owner groups

AF Gruppen ASA · 3.6% of revenue, 49 companies (norwegian company without a majority owner)
Skanska Kraft AB · 3.3% of revenue, 4 companies (foreign owners)
Veidekke ASA · 3.1% of revenue, 12 companies (norwegian company without a majority owner)
DESIGNER GROUP ENGINEERING CONTRACT · 2.1% of revenue, 1 companies (foreign owners)
Sentia ASA · 1.4% of revenue, 1 companies (norwegian company without a majority owner)
NÆRINGS- OG FISKERIDEPARTEMENTET · 1.4% of revenue, 4 companies (norwegian company without a majority owner)
Consto Holding AS · 1.1% of revenue, 9 companies (norwegian company without a majority owner)
AS BACKE · 1.1% of revenue, 14 companies (norwegian company without a majority owner)
Cts Group Holding SA · 1.0% of revenue, 3 companies (foreign owners)
Assemblin Caverion Norge AS · 1.0% of revenue, 5 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.

In our articles

Construction: profitability, risk and outlook
Real estate and finance earn margins eight times the typical industryNo. 17 of 22 on median operating margin
Boards in shipping, mining and oil are the oldest; one in seven shipping directors is 70 or overNo. 16 of 22 on median board age

All articles

Scenario analysis: the sector's weakest year

The sector's weakest year was 2021, with a median operating margin of 1.8%.

Based on the 10 fiscal years we have. The analysis grows as more years are fetched or imported.

Fiscal year	Median operating margin	Median equity ratio
2017	–	–
2018	–	–
2019	–	–
2020	–	–
2021 · weakest year	1.8%	35.9%
2022	2.5%	14.2%
2023	4.4%	33.1%
2024	4.1%	33.2%
2025	4.0%	32.8%
2026	7.8%	28.8%

In 2021, 1 ranked companies did better than the sector, 0 about the same and 0 weaker.

Held up best in 2021

1Områdesikring ASequity ratio 35.9%1.8%

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.

Construction cost index for dwellings (indeks (2015 = 100))

Latest value: 160.3 (2026M09)

Construction cost index for dwellings rose 4.3% in 2025; the sector's median operating margin fell 0.1 percentage points.

Construction cost index for dwellings per year and the sector's median operating margin
Measure	2021	2022	2023	2024	2025	2026
Construction cost index for dwellings, annual average	124.2	135.1	141.1	146.4	152.7	158.4 (so far)
Change from the year before	+8.7%	+8.8%	+4.4%	+3.7%	+4.3%	+3.7%
Sector's median operating margin	1.8%	2.5%	4.4%	4.1%	4.0%	7.8%

Source: SSB (08651, CC BY 4.0). Source · fetched 7 November 2026

Policy rate (prosent)

Latest value: 4.50 (2026-10)

Policy rate fell 0.20 percentage points in 2025; the sector's median operating margin fell 0.1 percentage points.

Policy rate per year and the sector's median operating margin
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	1.8%	2.5%	4.4%	4.1%	4.0%	7.8%

Source: Norges Bank (IR, NLOD 2.0). Source · fetched 7 November 2026

When policy rate fell in 2025, 9,357 of 19,354 ranked companies kept their operating margin at or above the year before. Among the largest: Veidekke Entreprenør AS (2.9% → 3.5%), Skanska Norge AS (2.4% → 2.7%), Hent AS (5.7% → 5.9%), Nye Veier AS (−12.2% → −5.5%), NCC Norge AS (−3.8% → 0.6%).

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: 59,444; −1.1% from 2023
Persons employed: 267,499; −2.7% from 2023
Turnover: NOK 757.6 bn; +0.0% from 2023
Gross operating margin: 6.8%; Gross operating surplus divided by turnover

All enterprises, sole proprietorships included.

Bankruptcies in the industry

854 enterprise bankruptcies in the last four quarters (2025K4–2026K3). Change −11.3% against the four quarters before (963). That is about 14.4 per 1,000 enterprises.

Foreign-controlled enterprises · 2024

Share of enterprises: 1.7%
Share of persons employed: 14.7%
Share of turnover: 18.6%

SSB publishes this for groups of industries only. The figures are for the group “Bygge- og anleggsvirksomhet”.

Production index · Bygge- og anleggsvirksomhet

96.8 index, 2021 = 100, seasonally adjusted · 2026M09
−0.9% against 2025M09.

Monthly, 2023M09 to 2026M09.

Source: Statistics Norway (SSB), table 12910, table 10790, table 08085, table 13430. CC BY 4.0. Our industry codes (SN2025) are linked to SSB’s (SN2007) with SSB’s correspondence table in Klass.

Tax in the accounts

Among the 13,235 ranked companies with a profit, the median tax expense is 22.0% of profit before tax. Taken together, weighted by profit, it is 18.4%. 13.4% of the companies have a tax expense below 10% of their profit. The ordinary corporate tax rate is 22 per cent.

The largest profits with a tax expense below 10%

The largest profits with a tax expense below 10%
Company	Profit before tax	Tax expense	Share
Veidekke ASA	1,320 MNOK	26.0 MNOK	2.0%
Seaway 7 AS	921 MNOK	24.1 MNOK	2.6%
FRED. Olsen Windcarrier ASA	446 MNOK	−10.4 MNOK	−2.3%
Gjelsten Holding AS	293 MNOK	−49.5 MNOK	−16.9%
Bold Tern AS	258 MNOK	0.0 MNOK	0.0%
Infra Group AS	152 MNOK	−7.1 MNOK	−4.6%
JM Norge AS	134 MNOK	−3.5 MNOK	−2.6%
Brave Tern AS	121 MNOK	0.5 MNOK	0.4%
Norwind Gale AS	114 MNOK	0.0 MNOK	0.0%
Eltera Gruppen Norge AS	111 MNOK	0.0 MNOK	0.0%

The tax expense is the figure in the annual accounts: tax payable plus the change in deferred tax. It is not the tax actually paid for the year. A low share often has an ordinary explanation: losses from earlier years set against the profit, dividends and gains on shares that are tax-free under the exemption method, changes in deferred tax, or tax paid abroad. Some industries also pay special taxes. The share is therefore a question to ask, not an answer. Source: annual accounts from the Brønnøysund Register Centre, our calculations.

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.

SSB's 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 %
Housing investment	−3.6 %	0.3 %	−0.8 %	2.8 %	5.4 %
House prices	5.5 %	3.1 %	3.5 %	4.0 %	4.6 %

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

Fagmontøren Sander Eidstumo AS 833169602 Voluntary liquidation · 6 November 2026 · 0 MNOK (2025)
Agenda Utvikling AS 921774974 Voluntary liquidation · 5 November 2026 · 0 MNOK (2025)
Alshorfei Viken Byggservice AS 931408305 Voluntary liquidation · 5 November 2026
Asker og Bærum Energi AS 964059233 Voluntary liquidation · 5 November 2026 · 0 MNOK (2025)
Bygg-Vest AS 919060751 Bankruptcy · 5 November 2026 · 21 MNOK (2025)
E & O Drift AS 920694128 Voluntary liquidation · 5 November 2026 · 0 MNOK (2025)
EP Anlegg AS 997596382 Voluntary liquidation · 5 November 2026 · 0 MNOK (2025)
Gravassryggen AS 913016203 Bankruptcy · 5 November 2026 · 12 MNOK (2024)

All bankruptcies and liquidations in the sector

Industry codes (NACE)

Code	Description
41*	Oppføring av bygninger (hele hovedgruppen)
41.000	Oppføring av bygninger
42*	Anleggsvirksomhet (hele hovedgruppen)
42.110	Bygging av veier og motorveier
42.120	Bygging av jernbaner og undergrunnsbaner
42.130	Bygging av broer og tunneler
42.210	Bygging av vann- og kloakkanlegg
42.221	Bygging av anlegg for elektrisitet og telekommunikasjon til sjøs
42.222	Bygging av anlegg for elektrisitet og telekommunikasjon på land
42.910	Bygging av havne- og damanlegg
42.990	Bygging av andre anlegg ikke nevnt annet sted
43*	Spesialisert bygge- og anleggsvirksomhet (hele hovedgruppen)
43.110	Riving av bygninger og andre byggverk
43.120	Grunnarbeid
43.130	Prøveboring
43.210	Elektrisk installasjonsarbeid
43.221	Rørleggerarbeid
43.222	Kuldeanlegg-, varmepumpearbeid og installasjon av peiser
43.223	Ventilasjonsarbeid
43.230	Installasjon av isoleringsmateriale
43.240	Annet installasjonsarbeid
43.310	Stukkatørarbeid og pussing
43.320	Snekkerarbeid
43.330	Gulvlegging og tapetsering
43.340	Maler- og glassarbeid
43.350	Annen ferdiggjøring av bygninger
43.410	Takarbeid
43.420	Annen spesialisert byggevirksomhet i forbindelse med oppføring av bygninger
43.500	Spesialisert byggevirksomhet i forbindelse med anleggsarbeid
43.600	Formidlingstjenester innenfor spesialisert bygge- og anleggsvirksomhet
43.910	Murerarbeid
43.990	Annen spesialisert bygge- og anleggsvirksomhet ikke nevnt annet sted