Sector

61 companies ranked against comparable companies in four Morning company classes. Fiscal year 2022. Source: Brønnøysund Register Centre. Methodology

Ranking · 2022 · Morning class Micro

Morning class Micro · 2022
#CompanyProfileScoreChangeFive years
1 HAAKON KNUDSTAD AS Leader 86 –
2 HJ EIENDOM AS Leader 85 –
3 RAMBOLT EIENDOM AS Leader 82 –
4 MINDE ALLE 39 AS Leader 81 –
5 LARSENS TAKST SERVICE AS Leader 77 –
6 SV22H AS Leader 77 –
7 INVENTEC AS Leader 74 –
8 SANGNES EIENDOM AS Leader 71 –
9 C-S HOLDING AS Steward 71 –
10 TELEMARK EIENDOM AS Leader 71 –
11 EFEM GROUP AS Leader 69 –
12 ROH HOLDING AS Leader 69 –
13 HEROCK AS Leader 69 –
14 TONJEN EIGEDOM AS Leader 68 –
15 ICON TAKST AS Steward 61 –
16 VIKEN BOLIGEIENDOM AS Sprinter 60 –
17 SOLBERG EIENDOM OG UTLEIE AS Steward 58 –
18 STORGATA 3 OG 5 AS Sprinter 57 –
19 GULLREGNBUKTA AS Sprinter 57 –
20 EIKENGA 25 AS Leader 56 –
21 HALTBAKK EIENDOM AS Sprinter 55 –
22 CESARS EIENDOM AS Sprinter 54 –
23 WESTBO AS Sprinter 51 –
24 HUITFELDTS GATE 15 AS Sprinter 51 –
25 JKEF EIENDOM AS Sprinter 46 –
26 SALIX AS Steward 42 –
27 ØSTTORP EIENDOM AS Leader 41 –
28 GJØNNESJORDET 10 AS Sprinter 41 –
29 SKOLEGATA 14-16 AS Sprinter 39 –
30 FLIK EIENDOM AS Builder 38 –
31 AUKA GRUPPEN AS Steward 38 –
32 FONC BOLIGUTLEIE 1 AS Sprinter 38 –
33 MUNKHOLMEN EIENDOM AS Steward 37 –
34 FELLESKJERNINGEN EIENDOM AS Builder 37 –
35 BAINS EIENDOM AS Builder 34 –
36 MATHUSET AS Sprinter 30 –
37 ONSRUD NÆRINGSPARK AS Builder 29 –
38 NIM EIENDOM AS Builder 28 –
39 MBE EIENDOM AS Builder 28 –
40 SVG 1 AS Builder 26 –
41 BOGSTADVEIEN 64 AS Builder 24 –
42 ORKLA TAKST AS Builder 22 –
43 GODELAND BOLIGUTVIKLING AS Builder 19 –
44 BJØRNSEN EIENDOM AS Builder 15 –
45 SOFIENBERG GRUPPEN AS Builder 9 –
46 NYBORG EIENDOM AS Builder 7 –
47 ØVINGSLOKALER I BERGEN AS Builder 5 –

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 Micro

Climbers and fallers need at least two fiscal years with a score. Coming when next year's figures are fetched.

Top lists in the sector · 2022 · Morning class Micro

The five largest companies account for 16% of the sector's revenue. Combined profit before tax for the 47 ranked companies: 20 MNOK.

Highest revenue

  1. RAMBOLT EIENDOM AS 9 MNOK
  2. ROH HOLDING AS 8 MNOK
  3. HAAKON KNUDSTAD AS 7 MNOK
  4. MUNKHOLMEN EIENDOM AS 6 MNOK
  5. WESTBO AS 6 MNOK

Operating revenue.

Highest operating margin

  1. HJ EIENDOM AS 97.2%
  2. VIKEN BOLIGEIENDOM AS 94.0%
  3. GJØNNESJORDET 10 AS 88.9%
  4. RAMBOLT EIENDOM AS 81.8%
  5. HEROCK AS 79.7%

Operating result divided by operating revenue.

Largest profit

  1. RAMBOLT EIENDOM AS 7 MNOK
  2. HAAKON KNUDSTAD AS 5 MNOK
  3. ROH HOLDING AS 4 MNOK
  4. VIKEN BOLIGEIENDOM AS 4 MNOK
  5. INVENTEC AS 2 MNOK

Profit before tax.

Largest loss

  1. SOFIENBERG GRUPPEN AS −11 MNOK
  2. GODELAND BOLIGUTVIKLING AS −4 MNOK
  3. NYBORG EIENDOM AS −3 MNOK
  4. ØVINGSLOKALER I BERGEN AS −2 MNOK
  5. MUNKHOLMEN EIENDOM AS −1 MNOK

Profit before tax, the largest negative.

Most solid

  1. MINDE ALLE 39 AS 89.4%
  2. HEROCK AS 89.0%
  3. C-S HOLDING AS 88.4%
  4. SV22H AS 86.8%
  5. ICON TAKST AS 81.0%

Equity ratio: equity divided by total assets.

Fastest growth

No company meets the requirement this year.

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

Largest revenue decline

No company meets the requirement this year.

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

Biggest climbers

Requires an index for two financial years.

Change in index points from the year before.

Biggest fallers

Requires an index for two financial years.

Change in index points from the year before.

Most employees

No company meets the requirement this year.

Employees according to the Central Coordinating Register.

Highest revenue per employee

No company meets the requirement this year.

Only companies with at least 5 employees.

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 · 2022 · Morning class Micro

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.

  • 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
CompanyProfileProfitabilitySolidityIn 2021 (profitability / solidity)
HJ EIENDOM ASLion9774–
VIKEN BOLIGEIENDOM ASCheetah9142–
HAAKON KNUDSTAD ASLion9086–
RAMBOLT EIENDOM ASLion8088–
ROH HOLDING ASLion8057–
GJØNNESJORDET 10 ASCheetah8011–
INVENTEC ASLion7978–
SKOLEGATA 14-16 ASCheetah7718–
LARSENS TAKST SERVICE ASLion7583–
JKEF EIENDOM ASCheetah730–
GULLREGNBUKTA ASCheetah7126–
STORGATA 3 OG 5 ASCheetah6850–
TELEMARK EIENDOM ASLion6671–
SANGNES EIENDOM ASLion6576–
HUITFELDTS GATE 15 ASCheetah6535–
EFEM GROUP ASLion6466–
HEROCK ASLion6398–
WESTBO ASCheetah6133–
MATHUSET ASCheetah610–
CESARS EIENDOM ASCheetah6045–
EIKENGA 25 ASLion5954–
MINDE ALLE 39 ASLion55100–
TONJEN EIGEDOM ASLion5564–
SV22H ASLion5593–
HALTBAKK EIENDOM ASCheetah5240–
ØSTTORP EIENDOM ASLion5259–
FONC BOLIGUTLEIE 1 ASCheetah5016–
SOLBERG EIENDOM OG UTLEIE ASElephant4969–
C-S HOLDING ASElephant4595–
AUKA GRUPPEN ASElephant4262–
BAINS EIENDOM ASBeaver4228–
ORKLA TAKST ASBeaver410–
FLIK EIENDOM ASBeaver3738–
MBE EIENDOM ASBeaver3423–
SVG 1 ASBeaver349–
BJØRNSEN EIENDOM ASBeaver300–
ONSRUD NÆRINGSPARK ASBeaver2821–
FELLESKJERNINGEN EIENDOM ASBeaver2747–
MUNKHOLMEN EIENDOM ASElephant2352–
NIM EIENDOM ASBeaver2030–
ICON TAKST ASElephant1790–
GODELAND BOLIGUTVIKLING ASBeaver90–
NYBORG EIENDOM ASBeaver90–
BOGSTADVEIEN 64 ASBeaver714–
SALIX ASElephant581–
ØVINGSLOKALER I BERGEN ASBeaver30–
SOFIENBERG GRUPPEN ASBeaver00–
The sector in numbers

Summary · fiscal year 2022 · Morning class Micro

The sector's median operating margin is 38.7%. 48 of 175 companies have negative equity. The median equity ratio is 10.8%.

Companies with accounts175
Total revenue269 MNOK
Median operating margin38.7%
Median equity ratio10.8%
Share with a loss53%
Share with negative equity27%

All figures are for fiscal year 2022. Ranked: 47 operating companies. Holding companies, excluded companies and companies without enough data are shown but not ranked. How to read the index

  • Growth is not included in the index: it needs the previous year's accounts.

Climbers and fallers · Morning class Micro

Climbers need at least two fiscal years. They appear once next year's accounts are fetched or history is imported.

Awards · 2022 · Morning class Micro

Most profitableHJ EIENDOM AS97.2%
Strongest balance sheetMINDE ALLE 39 AS89.4%
Largest revenueRAMBOLT EIENDOM AS9 MNOK

Needs attention · 2022 · Morning class Micro

141 companies show at least one warning sign. Showing the 15 most important.

  • criticalCAVALLI ASNegative equity · Current ratio below 1 (0.86) · Loss before tax
  • criticalOSLO INTERNATIONAL HUB ASNegative equity · Current ratio below 1 (0.57) · Loss before tax
  • criticalPR HOLDING ASNegative equity · Current ratio below 1 (0.59) · Loss before tax
  • criticalKRISMARINE ASNegative equity · Current ratio below 1 (0.03) · Loss before tax
  • criticalNYBORG EIENDOM ASNegative equity · Current ratio below 1 (0.12) · Loss before tax
  • criticalØVINGSLOKALER I BERGEN ASNegative equity · Current ratio below 1 (0.25) · Loss before tax
  • criticalBJØRNSEN EIENDOM ASNegative equity · Current ratio below 1 (0.25) · Loss before tax
  • criticalNORLANDET EIENDOM ASNegative equity · Current ratio below 1 (0.16) · Loss before tax
  • criticalJBG 13 ASNegative equity · Current ratio below 1 (0.32) · Loss before tax
  • criticalLA NORDHAUG HOLDING ASNegative equity · Current ratio below 1 (0.02) · Loss before tax
  • criticalHOPSGAARDEN ASNegative equity · Current ratio below 1 (0.91) · Loss before tax
  • criticalSTAVANGER INVESTERING SELSKAP ASNegative equity · Current ratio below 1 (0.22) · Loss before tax
  • criticalØYFJELL KONTORBYGG ASNegative equity · Current ratio below 1 (0.31) · Loss before tax
  • criticalHEIMEN ASNegative equity · Current ratio below 1 (0.54) · Loss before tax
  • criticalHUSVÆRET ASNegative equity · Current ratio below 1 (0.03) · Loss before tax

Sector map · 2022 · Morning class Micro

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.

−50%0%50%−40%−20%0%20%40%60%80%Operating margin (profitability) →Equity ratio (solidity) →RAMBOLT EIENDOM AS: operating margin 81.8%, equity ratio 74.1%, rank 3ROH HOLDING AS: operating margin 60.5%, equity ratio 21.3%, rank 12HAAKON KNUDSTAD AS: operating margin 70.8%, equity ratio 71.6%, rank 1MUNKHOLMEN EIENDOM AS: operating margin 23.4%, equity ratio 16.7%, rank 33WESTBO AS: operating margin 64.2%, equity ratio 5.4%, rank 23MINDE ALLE 39 AS: operating margin 21.0%, equity ratio 89.4%, rank 4VIKEN BOLIGEIENDOM AS: operating margin 94.0%, equity ratio 10.0%, rank 16FLIK EIENDOM AS: operating margin 15.8%, equity ratio 6.3%, rank 30SKOLEGATA 14-16 AS: operating margin 61.3%, equity ratio 3.6%, rank 29ONSRUD NÆRINGSPARK AS: operating margin 16.8%, equity ratio 3.7%, rank 37ORKLA TAKST AS: operating margin 1.4%, equity ratio −33.4%, rank 42HUITFELDTS GATE 15 AS: operating margin 77.3%, equity ratio 6.3%, rank 24EFEM GROUP AS: operating margin 31.2%, equity ratio 32.0%, rank 11NIM EIENDOM AS: operating margin 5.4%, equity ratio 5.2%, rank 38AUKA GRUPPEN AS: operating margin 35.1%, equity ratio 26.3%, rank 31JKEF EIENDOM AS: operating margin 53.8%, equity ratio −11.3%, rank 25GULLREGNBUKTA AS: operating margin 71.5%, equity ratio 4.9%, rank 19TONJEN EIGEDOM AS: operating margin 41.2%, equity ratio 30.2%, rank 14EIKENGA 25 AS: operating margin 33.1%, equity ratio 19.5%, rank 20CESARS EIENDOM AS: operating margin 35.8%, equity ratio 10.8%, rank 22NYBORG EIENDOM AS: operating margin −35.7%, equity ratio −9.0%, rank 46SANGNES EIENDOM AS: operating margin 66.7%, equity ratio 47.2%, rank 8STORGATA 3 OG 5 AS: operating margin 65.5%, equity ratio 13.5%, rank 18LARSENS TAKST SERVICE AS: operating margin 38.7%, equity ratio 64.0%, rank 5ICON TAKST AS: operating margin 1.7%, equity ratio 81.0%, rank 15SVG 1 AS: operating margin 32.9%, equity ratio 0.3%, rank 40TELEMARK EIENDOM AS: operating margin 51.0%, equity ratio 38.6%, rank 10SOFIENBERG GRUPPEN AS: operating margin −510.0%, equity ratio −343.7%, rank 45HEROCK AS: operating margin 79.7%, equity ratio 89.0%, rank 13MATHUSET AS: operating margin 53.3%, equity ratio −19.9%, rank 36GODELAND BOLIGUTVIKLING AS: operating margin −69.1%, equity ratio −4.7%, rank 43ØVINGSLOKALER I BERGEN AS: operating margin −81.5%, equity ratio −223.8%, rank 47SALIX AS: operating margin −159.5%, equity ratio 59.5%, rank 26C-S HOLDING AS: operating margin 27.6%, equity ratio 88.4%, rank 9FONC BOLIGUTLEIE 1 AS: operating margin 66.3%, equity ratio 2.7%, rank 32SV22H AS: operating margin 8.7%, equity ratio 86.8%, rank 6MBE EIENDOM AS: operating margin 31.0%, equity ratio 3.8%, rank 39BAINS EIENDOM AS: operating margin 62.7%, equity ratio 5.0%, rank 35SOLBERG EIENDOM OG UTLEIE AS: operating margin 42.5%, equity ratio 35.0%, rank 17HALTBAKK EIENDOM AS: operating margin 52.1%, equity ratio 9.3%, rank 21HJ EIENDOM AS: operating margin 97.2%, equity ratio 40.8%, rank 2BJØRNSEN EIENDOM AS: operating margin 11.2%, equity ratio −41.4%, rank 44GJØNNESJORDET 10 AS: operating margin 88.9%, equity ratio 0.5%, rank 28ØSTTORP EIENDOM AS: operating margin 72.7%, equity ratio 21.3%, rank 27BOGSTADVEIEN 64 AS: operating margin −47.8%, equity ratio 0.6%, rank 41FELLESKJERNINGEN EIENDOM AS: operating margin 9.5%, equity ratio 11.2%, rank 34INVENTEC AS: operating margin 70.1%, equity ratio 56.2%, rank 7
Show the map's figures as a table
CompanyOperating marginEquity ratioRevenue
HAAKON KNUDSTAD AS70.8%71.6%7 MNOK
HJ EIENDOM AS97.2%40.8%1 MNOK
RAMBOLT EIENDOM AS81.8%74.1%9 MNOK
MINDE ALLE 39 AS21.0%89.4%5 MNOK
LARSENS TAKST SERVICE AS38.7%64.0%3 MNOK
SV22H AS8.7%86.8%2 MNOK
INVENTEC AS70.1%56.2%1 MNOK
SANGNES EIENDOM AS66.7%47.2%3 MNOK
C-S HOLDING AS27.6%88.4%2 MNOK
TELEMARK EIENDOM AS51.0%38.6%2 MNOK
EFEM GROUP AS31.2%32.0%4 MNOK
ROH HOLDING AS60.5%21.3%8 MNOK
HEROCK AS79.7%89.0%2 MNOK
TONJEN EIGEDOM AS41.2%30.2%3 MNOK
ICON TAKST AS1.7%81.0%3 MNOK
VIKEN BOLIGEIENDOM AS94.0%10.0%5 MNOK
SOLBERG EIENDOM OG UTLEIE AS42.5%35.0%2 MNOK
STORGATA 3 OG 5 AS65.5%13.5%3 MNOK
GULLREGNBUKTA AS71.5%4.9%3 MNOK
EIKENGA 25 AS33.1%19.5%3 MNOK
HALTBAKK EIENDOM AS52.1%9.3%1 MNOK
CESARS EIENDOM AS35.8%10.8%3 MNOK
WESTBO AS64.2%5.4%6 MNOK
HUITFELDTS GATE 15 AS77.3%6.3%4 MNOK
JKEF EIENDOM AS53.8%−11.3%3 MNOK
SALIX AS−159.5%59.5%2 MNOK
ØSTTORP EIENDOM AS72.7%21.3%1 MNOK
GJØNNESJORDET 10 AS88.9%0.5%1 MNOK
SKOLEGATA 14-16 AS61.3%3.6%4 MNOK
FLIK EIENDOM AS15.8%6.3%5 MNOK
AUKA GRUPPEN AS35.1%26.3%3 MNOK
FONC BOLIGUTLEIE 1 AS66.3%2.7%2 MNOK
MUNKHOLMEN EIENDOM AS23.4%16.7%6 MNOK
FELLESKJERNINGEN EIENDOM AS9.5%11.2%1 MNOK
BAINS EIENDOM AS62.7%5.0%2 MNOK
MATHUSET AS53.3%−19.9%2 MNOK
ONSRUD NÆRINGSPARK AS16.8%3.7%4 MNOK
NIM EIENDOM AS5.4%5.2%3 MNOK
MBE EIENDOM AS31.0%3.8%2 MNOK
SVG 1 AS32.9%0.3%2 MNOK
BOGSTADVEIEN 64 AS−47.8%0.6%1 MNOK
ORKLA TAKST AS1.4%−33.4%4 MNOK
GODELAND BOLIGUTVIKLING AS−69.1%−4.7%2 MNOK
BJØRNSEN EIENDOM AS11.2%−41.4%1 MNOK
SOFIENBERG GRUPPEN AS−510.0%−343.7%2 MNOK
NYBORG EIENDOM AS−35.7%−9.0%3 MNOK
ØVINGSLOKALER I BERGEN AS−81.5%−223.8%2 MNOK

Scenario analysis: the sector's weakest year

The sector's weakest year was 2022, with a median operating margin of 31.0%.

Based on the 9 fiscal years we have. The analysis grows as more years are fetched or imported.

Fiscal yearMedian operating marginMedian equity ratio
2018––
2019––
2020––
2021––
2022 · weakest year31.0%10.8%
202344.5%27.0%
202445.3%26.9%
202546.3%27.8%
202658.6%40.2%

In 2022, 24 ranked companies did better than the sector, 20 about the same and 17 weaker.

Held up best in 2022

  1. 1HJ EIENDOM ASequity ratio 40.8%97.2%
  2. 2VIKEN BOLIGEIENDOM ASequity ratio 10.0%94.0%
  3. 3GJØNNESJORDET 10 ASequity ratio 0.5%88.9%
  4. 4RAMBOLT EIENDOM ASequity ratio 74.1%81.8%
  5. 5HEROCK ASequity ratio 89.0%79.7%
  6. 6HUITFELDTS GATE 15 ASequity ratio 6.3%77.3%
  7. 7GULLREGNBUKTA ASequity ratio 4.9%71.5%
  8. 8HAAKON KNUDSTAD ASequity ratio 71.6%70.8%
  9. 9INVENTEC ASequity ratio 56.2%70.1%
  10. 10MARINELLA EIENDOM ASequity ratio 44.8%70.1%

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

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
60,965
+4.0% from 2023
Persons employed
31,172
−0.2% from 2023
Turnover
NOK 240.4 bn
+8.0% from 2023
Gross operating margin
50.2%
Gross operating surplus divided by turnover

All enterprises, sole proprietorships included.

Bankruptcies in the industry

217 enterprise bankruptcies in the last four quarters (2025K4–2026K3). Change −8.8% against the four quarters before (238). That is about 3.6 per 1,000 enterprises.

532024K4522025K1762025K2572025K3582025K4512026K1612026K2472026K3

Foreign-controlled enterprises · 2024

Share of enterprises
2.5%
Share of persons employed
6.0%
Share of turnover
8.6%

SSB publishes this for groups of industries only. The figures are for the group “Omsetning og drift av fast eiendom”.

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

Latest bankruptcies and liquidations

All bankruptcies and liquidations in the sector

Industry codes (NACE)

CodeDescription
68*Hele hovedgruppe 68
68.110Kjøp og salg av egen fast eiendom
68.120Utvikling og salg av byggeprosjekter
68.200Utleie av egen eller leid fast eiendom
68.310Eiendomsmegling og andre formidlingstjenester for eiendom
68.320Eiendomsforvaltning på oppdrag