Sector

Eiendom

6,798 companies ranked against comparable companies in four Morning company classes. Fiscal year 2023. 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 · 2023 · Morning class Large

Morning class Large · 2023
#	Company	Profile	Score	Change
1	THON HOTELLBYGG AS	Leader	74	–
2	THONGÅRD AS	Leader	72	–
3	EIENDOMSMEGLER KROGSVEEN AS	Steward	64	–
4	LØRENVEIEN 51 AS	Sprinter	60	–
5	PETER MØLLERS VEI 8-14 AS	Sprinter	58	–
6	OBOS EIENDOMSFORVALTNING AS	Leader	55	–
7	OBOS NYE HJEM AS	Steward	45	–
8	BJØLSTAD UTVIKLING AS	Builder	41	–
9	DNB EIENDOM AS	Steward	32	–
10	FRYSJAPARKEN UTVIKLING AS	Builder	31	–
11	KLEIVVEIEN UTBYGGING AS	Builder	18	–

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 Large

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 · 2023 · Morning class Large

The five largest companies account for 58% of the sector's revenue. Combined profit before tax for the 11 ranked companies: 1,456 MNOK.

Highest revenue

DNB EIENDOM AS 1,485 MNOK
OBOS NYE HJEM AS 1,429 MNOK
FRYSJAPARKEN UTVIKLING AS 872 MNOK
THONGÅRD AS 843 MNOK
LØRENVEIEN 51 AS 823 MNOK

Operating revenue.

Highest operating margin

Operating result divided by operating revenue.

Largest profit

THON HOTELLBYGG AS 355 MNOK
THONGÅRD AS 279 MNOK
OBOS NYE HJEM AS 228 MNOK
PETER MØLLERS VEI 8-14 AS 169 MNOK
OBOS EIENDOMSFORVALTNING AS 153 MNOK

Profit before tax.

Largest loss

DNB EIENDOM AS −86 MNOK

Profit before tax, the largest negative.

Most solid

THONGÅRD AS 78.5%
THON HOTELLBYGG AS 75.5%
EIENDOMSMEGLER KROGSVEEN AS 42.3%
OBOS NYE HJEM AS 38.1%
DNB EIENDOM AS 32.8%

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

Employees according to the Central Coordinating Register.

Highest revenue per employee

THONGÅRD AS 105.4 MNOK
OBOS NYE HJEM AS 12.5 MNOK
OBOS EIENDOMSFORVALTNING AS 2.0 MNOK
DNB EIENDOM AS 1.7 MNOK
EIENDOMSMEGLER KROGSVEEN AS 1.4 MNOK

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 · 2023 · 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.

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 2022 (profitability / solidity)
THON HOTELLBYGG AS	Lion	85	90	–
PETER MØLLERS VEI 8-14 AS	Cheetah	85	40	–
OBOS EIENDOMSFORVALTNING AS	Lion	85	50	–
THONGÅRD AS	Lion	70	100	–
LØRENVEIEN 51 AS	Cheetah	70	30	–
BJØLSTAD UTVIKLING AS	Beaver	45	20	–
EIENDOMSMEGLER KROGSVEEN AS	Elephant	40	80	–
KLEIVVEIEN UTBYGGING AS	Beaver	35	0	–
FRYSJAPARKEN UTVIKLING AS	Beaver	20	10	–
OBOS NYE HJEM AS	Elephant	15	70	–
DNB EIENDOM AS	Elephant	0	60	–

The sector in numbers

Summary · fiscal year 2023 · Morning class Large

The sector's median operating margin is 15.4%. 0 of 11 companies have negative equity. The median equity ratio is 31.2%.

Companies with accounts11

Total revenue9,456 MNOK

Median operating margin15.4%

Median equity ratio31.2%

Share with a loss9%

Share with negative equity0%

All figures are for fiscal year 2023. Ranked: 11 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 Large

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

Awards · 2023 · Morning class Large

Most profitableTHON HOTELLBYGG AS53.3%

Strongest balance sheetTHONGÅRD AS78.5%

Largest revenueDNB EIENDOM AS1,485 MNOK

Highest revenue per employeeTHONGÅRD AS105.4 MNOK

Needs attention · 2023 · Morning class Large

5 companies show at least one warning sign. Showing the 5 most important.

watchDNB EIENDOM ASLoss before tax
watchTHONGÅRD ASCurrent ratio below 1 (0.87)
watchKLEIVVEIEN UTBYGGING ASVery low equity ratio (0.2%)
watchOBOS EIENDOMSFORVALTNING ASCurrent ratio below 1 (0.86)
watchTHON HOTELLBYGG ASCurrent ratio below 1 (0.20)

Sector map · 2023 · 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

Company	Operating margin	Equity ratio	Revenue
THON HOTELLBYGG AS	53.3%	75.5%	718 MNOK
THONGÅRD AS	36.6%	78.5%	843 MNOK
EIENDOMSMEGLER KROGSVEEN AS	0.8%	42.3%	569 MNOK
LØRENVEIEN 51 AS	18.1%	24.6%	823 MNOK
PETER MØLLERS VEI 8-14 AS	23.5%	26.0%	705 MNOK
OBOS EIENDOMSFORVALTNING AS	20.5%	31.2%	746 MNOK
OBOS NYE HJEM AS	−4.0%	38.1%	1,429 MNOK
BJØLSTAD UTVIKLING AS	15.4%	22.5%	512 MNOK
DNB EIENDOM AS	−6.0%	32.8%	1,485 MNOK
FRYSJAPARKEN UTVIKLING AS	10.3%	14.8%	872 MNOK
KLEIVVEIEN UTBYGGING AS	10.4%	0.2%	754 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 year	Median operating margin	Median equity ratio
2018	–	–
2019	–	–
2020	–	–
2021	–	–
2022 · weakest year	31.0%	10.8%
2023	44.5%	27.0%
2024	45.3%	26.9%
2025	46.3%	27.8%
2026	58.6%	40.2%

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

Held up best in 2022

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

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

BASH EIENDOM AS 928846342 Voluntary liquidation · 31 October 2026
BRANDE EIENDOM AS 925893811 Voluntary liquidation · 31 October 2026
BRANDE HOLDING AS 928469220 Voluntary liquidation · 31 October 2026
BYGNES BT1 S10 AS 936304664 Voluntary liquidation · 31 October 2026
CECILIE LØVØS VEG 2 AS 813648962 Voluntary liquidation · 31 October 2026 · 0 MNOK (2025)
DATTERSELSKAPET AS 988944041 Voluntary liquidation · 31 October 2026
EIBY AS 827032522 Voluntary liquidation · 31 October 2026
EIDETTOPPEN EIENDOM AS 928086127 Voluntary liquidation · 31 October 2026

All bankruptcies and liquidations in the sector

Industry codes (NACE)

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