Sector

Forretningsmessig tjenesteyting

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1,898 companies ranked against comparable companies in four Morning company classes. Fiscal year 2025. Source: Brønnøysund Register Centre. Methodology

Ranking · 2025 · Morning class Large

Morning class Large · 2025
#CompanyProfileScoreChangeFive years
1 Ses Energy AS Leader 84 +15
2 Anticimex A/S Leader 81 −1
3 Intrum AS Leader 75 +27
4 Kiwi Minidrift AS Leader 74 −3
5 Norsk Lastbærer Pool AS Leader 73 −1
6 Coor Cleaning Catering and Property AS Leader 73 −1
7 Grieg Shipping II AS Steward 71 +23
8 Oeg Offshore AS Leader 70 +3
9 Ventor Energi Norge AS Leader 67 +24
10 Dovre Solutions AS Steward 66 +3
11 Vend Marketplaces AS Leader 66 +1
12 Kredinor AS Leader 65 +12
13 Telenor Shared Services AS Leader 65 +11
14 Autoplan AS Leader 63 −4
15 Coor Service Management AS Steward 63 +4
16 Specsavers Norway AS Steward 61 −8
17 TS Group AS Sprinter 60 +9
18 Avarn Security ASsubsidiary of Avarn Security Group AS Steward 60 +2
19 Yabimo Norge AS Sprinter 59 +4
20 Food Folk Norge AS Leader 59 0
21 REMA 1000 AS Sprinter 59 +6
22 Agaia AS Leader 59 −4
23 Nova Spektrum AS Steward 59 +25
24 Utleiecompagniet AS Leader 58 +2
25 Ramirent AS Leader 58 −5
26 Norwegian Crew Services AS Leader 57 +5
27 Escape Travel AS Steward 53 +17
28 Norske Tog AS Leader 53 +5
29 Dedicare AS Sprinter 52 −6
30 First Rent A Car Norway AS Sprinter 52 −5
31 Insider Facility Solutions AS Sprinter 52 +4
32 Ving Norge AS Sprinter 50 +2
33 Rental Group Norway AS Builder 49 −14
34 EP Engros AS Steward 48 +3
35 4Service Eir Renhold AS Sprinter 47 −9
36 Nes Advantage AS Builder 47 +3
37 Manpower AS Steward 46 −4
38 Fosdalen AS Sprinter 46 +10
39 European Cruise Service AS Sprinter 46 −2
40 Securitas AS Sprinter 46 +2
41 Polygon AS Steward 46 −21
42 Ability FM AS Builder 42 −5
43 Drivalia Lease Norge AS Sprinter 41 −6
44 Jobzone Norge AS Sprinter 41 +9
45 Adecco Industri AS Builder 40 0
46 Mde Stavanger AS Sprinter 38 +8
47 Avarn Security Aviation AS Sprinter 37 −2
48 Vaktmesterkompaniet AS Steward 36 −2
49 Sec Norge AS Builder 36 +13
50 Nes Fircroft Norge AS Builder 35 0

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

  • Intrum AS

    From 2024 to 2025: the operating margin rose from −0.3% to 19.6% and the equity ratio rose from 33.8% to 50.6%.

    +27
  • Ventor Energi Norge AS

    From 2024 to 2025: revenue grew by 22% and the operating margin rose from 0.1% to 3.9%.

    +24
  • Grieg Shipping II AS

    From 2024 to 2025: went from a loss to a profit before tax and the operating margin rose from −2.6% to 12.0%.

    +23
  • Polygon AS

    From 2024 to 2025: revenue fell by 22% and the equity ratio rose from 34.2% to 43.8%.

    −21
Summary analysis

Forretningsmessig tjenesteyting, Morning class Large: 65 ranked companies in fiscal year 2025.

Best in the sector: Ses Energy AS (score 84, operating margin 12.4%, equity ratio 55.8%). Anticimex A/S (score 81, operating margin 16.9%, equity ratio 49.9%). Intrum AS (score 75, operating margin 19.6%, equity ratio 50.6%).

Weakest in the sector: Cramo AS (score 15, operating margin −0.1%, equity ratio 4.1%). Personalhuset Staffing Group AS (score 21, operating margin −0.8%, equity ratio 8.1%). Reitan Convenience Norway AS (score 29, operating margin −31.0%, equity ratio 21.4%).

Worth a closer look

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 26% of the sector's revenue. Combined profit before tax for the 65 ranked companies: 7,906 MNOK.

Size

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

Highest revenue

  1. REMA 1000 Norge AS 5,890 MNOK
  2. Ayvens Norge AS 5,282 MNOK
  3. Ving Norge AS 4,865 MNOK
  4. Vend Marketplaces AS 3,998 MNOK
  5. Tui Norge AS 2,861 MNOK

Operating revenue.

Most employees

  1. Manpower AS 5,551
  2. Adecco Norge AS 5,358
  3. 4Service Eir Renhold AS 3,888
  4. Jobzone Norge AS 3,663
  5. Avarn Security ASsubsidiary of Avarn Security Group AS 3,631

Employees according to the Central Coordinating Register.

Highest revenue per employee

  1. Ving Norge AS 93.6 MNOK
  2. Norwegian Crew Services AS 49.4 MNOK
  3. Tui Norge AS 42.7 MNOK
  4. Ayvens Norge AS 35.5 MNOK
  5. Autoplan AS 33.0 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

  1. REMA 1000 AS 99.9%
  2. Mst Grand Banks Shipping AS 61.2%
  3. Kiwi Minidrift AS 39.1%
  4. Food Folk Norge AS 33.0%
  5. Norske Tog AS 29.3%

Operating result divided by operating revenue.

Largest profit

  1. REMA 1000 AS 1,945 MNOK
  2. Vend Marketplaces AS 973 MNOK
  3. Ayvens Norge AS 642 MNOK
  4. Mst Grand Banks Shipping AS 493 MNOK
  5. REMA 1000 Norge AS 421 MNOK

Profit before tax.

Largest loss

  1. Reitan Convenience Norway AS −236 MNOK
  2. Cramo AS −141 MNOK
  3. Renta AS −45 MNOK
  4. Adecco Industri AS −38 MNOK
  5. Adecco Norge AS −27 MNOK

Profit before tax, the largest negative.

Most solid

  1. Grieg Shipping II AS 68.0%
  2. Vend Marketplaces AS 61.5%
  3. Ses Energy AS 55.8%
  4. Nova Spektrum AS 54.5%
  5. Coor Cleaning Catering and Property AS 53.9%

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

  1. TS Group AS +95.0%
  2. Nova Spektrum AS +84.8%
  3. Sec Norge AS +71.8%
  4. Scale Aquaculture Rental AS +40.8%
  5. Fosdalen AS +40.6%

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

Largest revenue decline

  1. Norwegian Crew Services AS −48.3%
  2. Polygon AS −21.6%
  3. Mde Stavanger AS −20.6%
  4. 3 Step IT AS −19.2%
  5. Meny AS −16.6%

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

Biggest climbers

  1. Intrum AS +27.2 points
  2. Ventor Energi Norge AS +24.2 points
  3. Grieg Shipping II AS +22.6 points
  4. Ses Energy AS +15.0 points
  5. Personalhuset Staffing Group ASsubsidiary of Otiga Group AS +12.9 points

Change in index points from the year before.

Biggest fallers

  1. Polygon AS −21.3 points
  2. Cramo AS −18.5 points
  3. Reitan Convenience Norway AS −15.9 points
  4. Rental Group Norway AS −14.8 points
  5. Ayvens Norge AS −11.7 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 · 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.

REMA 1000 Norge AS: 59 / 16Ayvens Norge AS: 69 / 12Ving Norge AS: 61 / 27Vend Marketplaces AS: 87 / 98Tui Norge AS: 27 / 20Avarn Security AS: 38 / 88Coor Service Management AS: 41 / 75Autoplan AS: 51 / 70Nes Advantage AS: 34 / 25Norwegian Crew Services AS: 62 / 89Securitas AS: 66 / 30REMA 1000 AS: 99 / 44Norske Tog AS: 60 / 61European Cruise Service AS: 62 / 22Manpower AS: 12 / 80EP Engros AS: 19 / 67Adecco Norge AS: 4 / 59Ramirent AS: 75 / 834Service Eir Renhold AS: 78 / 31Verisure AS: 77 / 0First Rent A Car Norway AS: 59 / 47Nes Fircroft Norge AS: 22 / 14Renta AS: 30 / 56Utleiecompagniet AS: 70 / 64Rental Group Norway AS: 48 / 38Grieg Shipping II AS: 48 / 100Vaktmesterkompaniet AS: 15 / 52Insider Facility Solutions AS: 70 / 453 Step IT AS: 25 / 23Cramo AS: 10 / 6Jobzone Norge AS: 50 / 11Avarn Security Aviation AS: 62 / 3Dovre Solutions AS: 47 / 73Drivalia Lease Norge AS: 60 / 17Intrum AS: 91 / 92Scale Aquaculture Rental AS: 18 / 5Kiwi Minidrift AS: 98 / 72Kredinor AS: 65 / 78Yabimo Norge AS: 52 / 41Sec Norge AS: 25 / 8Ability FM AS: 41 / 28Securitas Technology AS: 9 / 42Reitan Convenience Norway AS: 0 / 53Personalhuset Staffing Group AS: 14 / 19Specsavers Norway AS: 32 / 81Food Folk Norge AS: 74 / 55Dedicare AS: 74 / 39Agaia AS: 61 / 69Ventor Energi Norge AS: 60 / 62Fosdalen AS: 65 / 9TS Group AS: 77 / 33Polygon AS: 12 / 84Coor Cleaning Catering and Property AS: 56 / 94Anticimex A/S: 83 / 91Ses Energy AS: 84 / 97Telenor Shared Services AS: 87 / 58Kjøpmannshuset Norge AS: 6 / 34Mde Stavanger AS: 52 / 36Adecco Industri AS: 2 / 48Norsk Lastbærer Pool AS: 63 / 86Nova Spektrum AS: 49 / 95Mst Grand Banks Shipping AS: 80 / 2Oeg Offshore AS: 80 / 77Meny AS: 5 / 66Escape Travel AS: 38 / 5000252550507575100100Solidity, percentile against peers →↑ Profitability, percentile against peers
REMA 1000 Norge AS: 59 / 16Ayvens Norge AS: 69 / 12Ving Norge AS: 61 / 27Vend Marketplaces AS: 87 / 98Tui Norge AS: 27 / 20Avarn Security AS: 38 / 88Coor Service Management AS: 41 / 75Autoplan AS: 51 / 70Nes Advantage AS: 34 / 25Norwegian Crew Services AS: 62 / 89Securitas AS: 66 / 30REMA 1000 AS: 99 / 44Norske Tog AS: 60 / 61European Cruise Service AS: 62 / 22Manpower AS: 12 / 80EP Engros AS: 19 / 67Adecco Norge AS: 4 / 59Ramirent AS: 75 / 834Service Eir Renhold AS: 78 / 31Verisure AS: 77 / 0First Rent A Car Norway AS: 59 / 47Nes Fircroft Norge AS: 22 / 14Renta AS: 30 / 56Utleiecompagniet AS: 70 / 64Rental Group Norway AS: 48 / 38Grieg Shipping II AS: 48 / 100Vaktmesterkompaniet AS: 15 / 52Insider Facility Solutions AS: 70 / 453 Step IT AS: 25 / 23Cramo AS: 10 / 6Jobzone Norge AS: 50 / 11Avarn Security Aviation AS: 62 / 3Dovre Solutions AS: 47 / 73Drivalia Lease Norge AS: 60 / 17Intrum AS: 91 / 92Scale Aquaculture Rental AS: 18 / 5Kiwi Minidrift AS: 98 / 72Kredinor AS: 65 / 78Yabimo Norge AS: 52 / 41Sec Norge AS: 25 / 8Ability FM AS: 41 / 28Securitas Technology AS: 9 / 42Reitan Convenience Norway AS: 0 / 53Personalhuset Staffing Group AS: 14 / 19Specsavers Norway AS: 32 / 81Food Folk Norge AS: 74 / 55Dedicare AS: 74 / 39Agaia AS: 61 / 69Ventor Energi Norge AS: 60 / 62Fosdalen AS: 65 / 9TS Group AS: 77 / 33Polygon AS: 12 / 84Coor Cleaning Catering and Property AS: 56 / 94Anticimex A/S: 83 / 91Ses Energy AS: 84 / 97Telenor Shared Services AS: 87 / 58Kjøpmannshuset Norge AS: 6 / 34Mde Stavanger AS: 52 / 36Adecco Industri AS: 2 / 48Norsk Lastbærer Pool AS: 63 / 86Nova Spektrum AS: 49 / 95Mst Grand Banks Shipping AS: 80 / 2Oeg Offshore AS: 80 / 77Meny AS: 5 / 66Escape Travel AS: 38 / 5000252550507575100100Solidity, percentile against peers →↑ Profitability, percentile against peers

Bubble size shows relative revenue, not exact figures. Dashed lines show where the 5 companies that moved most stood in 2024 (small ring).

  • 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 2024 (profitability / solidity)
REMA 1000 ASCheetah994498 / 40
Kiwi Minidrift ASLion987298 / 75
Intrum ASLion919223 / 77
Vend Marketplaces ASLion879897 / 36
Telenor Shared Services ASLion8758–
Ses Energy ASLion849777 / 87
Anticimex A/SLion839183 / 97
Oeg Offshore ASLion8077–
Mst Grand Banks Shipping ASCheetah80280 / 0
4Service Eir Renhold ASCheetah783180 / 24
Verisure ASCheetah77080 / 1
TS Group ASCheetah7733–
Ramirent ASLion758372 / 85
Food Folk Norge ASLion745586 / 45
Dedicare ASCheetah743980 / 39
Utleiecompagniet ASLion706474 / 64
Insider Facility Solutions ASCheetah704538 / 90
Ayvens Norge ASCheetah691275 / 22
Securitas ASCheetah663069 / 27
Kredinor ASLion657812 / 88
Fosdalen ASCheetah659–
Norsk Lastbærer Pool ASLion638670 / 93
European Cruise Service ASCheetah622270 / 21
Norwegian Crew Services ASLion628960 / 49
Avarn Security Aviation ASCheetah62369 / 4
Agaia ASLion616977 / 69
Ving Norge ASCheetah612759 / 29
Ventor Energi Norge ASLion606219 / 57
Norske Tog ASLion606157 / 67
Drivalia Lease Norge ASCheetah601762 / 9
First Rent A Car Norway ASCheetah594774 / 44
REMA 1000 Norge ASCheetah591670 / 19
Coor Cleaning Catering and Property ASLion569464 / 98
Yabimo Norge ASCheetah524154 / 32
Mde Stavanger ASCheetah523643 / 26
Autoplan ASLion517068 / 59
Jobzone Norge ASCheetah501139 / 16
Nova Spektrum ASElephant4995–
Grieg Shipping II ASElephant4810011 / 100
Rental Group Norway ASBeaver483861 / 37
Dovre Solutions ASElephant477352 / 74
Coor Service Management ASElephant417549 / 80
Ability FM ASBeaver412832 / 31
Avarn Security ASElephant388847 / 95
Escape Travel ASElephant3850–
Nes Advantage ASBeaver342542 / 11
Specsavers Norway ASElephant328148 / 82
Renta ASElephant305639 / 55
Tui Norge ASBeaver272016 / 6
Sec Norge ASBeaver258–
The sector in numbers

Summary · fiscal year 2025 · Morning class Large

The sector's median operating margin is 3.8%. 0 of 66 companies have negative equity. The median equity ratio is 20.6%.

Companies with accounts66
Total revenue89,327 MNOK
Median operating margin3.8%
Median equity ratio20.6%
Share with a loss15%
Share with negative equity0%

All figures are for fiscal year 2025. Ranked: 65 operating companies. Holding companies, excluded companies and companies without enough data are shown but not ranked. How to read the index

  • 1 company reports in another currency. Its revenue is converted at the mean rate for the accounting period and makes up 1% of the total.

Climbers and fallers · Morning class Large

Change in rank from 2024 to 2025, for 57 companies ranked in both years.

Climbers

  1. 37Ventor Energi Norge ASfrom rank 46 to 967
  2. 31Intrum ASfrom rank 34 to 375
  3. 25Grieg Shipping II ASfrom rank 32 to 771
  4. 13Kredinor ASfrom rank 25 to 1265
  5. 12Jobzone Norge ASfrom rank 56 to 4441

Fallers

  1. 33Polygon ASfrom rank 8 to 4146
  2. 23Rental Group Norway ASfrom rank 10 to 3349
  3. 22Reitan Convenience Norway ASfrom rank 41 to 6329
  4. 14Ramirent ASfrom rank 11 to 2558
  5. 14Ayvens Norge ASfrom rank 40 to 5434

Awards · 2025 · Morning class Large

Most profitableREMA 1000 AS99.9%
Fastest growthTS Group AS95.0%
Strongest balance sheetGrieg Shipping II AS68.0%
Largest revenueREMA 1000 Norge AS5,890 MNOK
Highest revenue per employeeVing Norge AS93.6 MNOK

Needs attention · 2025 · Morning class Large

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

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.

0%5%10%15%20%25%30%0%10%20%30%40%50%Operating margin (profitability) →Equity ratio (solidity) →REMA 1000 Norge AS: operating margin 16.5%, equity ratio 7.6%, rank 51Ayvens Norge AS: operating margin 22.7%, equity ratio 7.1%, rank 54Ving Norge AS: operating margin 2.9%, equity ratio 11.7%, rank 32Vend Marketplaces AS: operating margin 28.6%, equity ratio 61.5%, rank 11Tui Norge AS: operating margin 0.4%, equity ratio 8.4%, rank 58Avarn Security AS: operating margin 2.2%, equity ratio 46.1%, rank 18Coor Service Management AS: operating margin 2.3%, equity ratio 36.0%, rank 15Autoplan AS: operating margin 3.8%, equity ratio 30.1%, rank 14Nes Advantage AS: operating margin 1.7%, equity ratio 10.0%, rank 36Norwegian Crew Services AS: operating margin 1.6%, equity ratio 49.2%, rank 26Securitas AS: operating margin 5.0%, equity ratio 12.5%, rank 40REMA 1000 AS: operating margin 99.9%, equity ratio 19.7%, rank 21Norske Tog AS: operating margin 29.3%, equity ratio 25.3%, rank 28European Cruise Service AS: operating margin 2.2%, equity ratio 9.5%, rank 39Manpower AS: operating margin −0.8%, equity ratio 38.5%, rank 37EP Engros AS: operating margin 0.5%, equity ratio 27.2%, rank 34Adecco Norge AS: operating margin −2.2%, equity ratio 25.2%, rank 60Ramirent AS: operating margin 12.4%, equity ratio 39.6%, rank 254Service Eir Renhold AS: operating margin 8.5%, equity ratio 12.8%, rank 35Verisure AS: operating margin 17.1%, equity ratio 0.2%, rank 56First Rent A Car Norway AS: operating margin 8.6%, equity ratio 19.8%, rank 30Nes Fircroft Norge AS: operating margin 0.7%, equity ratio 7.2%, rank 50Renta AS: operating margin 2.5%, equity ratio 24.0%, rank 53Utleiecompagniet AS: operating margin 15.7%, equity ratio 26.4%, rank 24Rental Group Norway AS: operating margin 7.3%, equity ratio 18.5%, rank 33Grieg Shipping II AS: operating margin 12.0%, equity ratio 68.0%, rank 7Vaktmesterkompaniet AS: operating margin 0.1%, equity ratio 21.2%, rank 48Insider Facility Solutions AS: operating margin 4.0%, equity ratio 19.8%, rank 313 Step IT AS: operating margin 0.5%, equity ratio 9.6%, rank 59Cramo AS: operating margin −0.1%, equity ratio 4.1%, rank 65Jobzone Norge AS: operating margin 2.4%, equity ratio 6.4%, rank 44Avarn Security Aviation AS: operating margin 3.3%, equity ratio 1.5%, rank 47Dovre Solutions AS: operating margin 2.6%, equity ratio 31.7%, rank 10Drivalia Lease Norge AS: operating margin 22.7%, equity ratio 8.1%, rank 43Intrum AS: operating margin 19.6%, equity ratio 50.6%, rank 3Scale Aquaculture Rental AS: operating margin 0.7%, equity ratio 4.0%, rank 62Kiwi Minidrift AS: operating margin 39.1%, equity ratio 30.3%, rank 4Kredinor AS: operating margin 6.1%, equity ratio 37.8%, rank 12Yabimo Norge AS: operating margin 2.9%, equity ratio 19.4%, rank 19Sec Norge AS: operating margin 1.2%, equity ratio 4.3%, rank 49Ability FM AS: operating margin 2.3%, equity ratio 12.0%, rank 42Securitas Technology AS: operating margin −0.5%, equity ratio 19.7%, rank 57Reitan Convenience Norway AS: operating margin −31.0%, equity ratio 21.4%, rank 63Personalhuset Staffing Group AS: operating margin −0.8%, equity ratio 8.1%, rank 64Specsavers Norway AS: operating margin 1.7%, equity ratio 39.1%, rank 16Food Folk Norge AS: operating margin 33.0%, equity ratio 22.2%, rank 20Dedicare AS: operating margin 5.0%, equity ratio 18.9%, rank 29Agaia AS: operating margin 4.2%, equity ratio 29.6%, rank 22Ventor Energi Norge AS: operating margin 3.9%, equity ratio 26.4%, rank 9Fosdalen AS: operating margin 3.9%, equity ratio 4.9%, rank 38TS Group AS: operating margin 6.1%, equity ratio 14.1%, rank 17Polygon AS: operating margin 0.0%, equity ratio 43.8%, rank 41Coor Cleaning Catering and Property AS: operating margin 4.1%, equity ratio 53.9%, rank 6Anticimex A/S: operating margin 16.9%, equity ratio 49.9%, rank 2Ses Energy AS: operating margin 12.4%, equity ratio 55.8%, rank 1Telenor Shared Services AS: operating margin 21.5%, equity ratio 24.9%, rank 13Kjøpmannshuset Norge AS: operating margin −2.2%, equity ratio 17.7%, rank 55Mde Stavanger AS: operating margin 2.2%, equity ratio 18.0%, rank 46Adecco Industri AS: operating margin −6.4%, equity ratio 20.0%, rank 45Norsk Lastbærer Pool AS: operating margin 8.8%, equity ratio 44.1%, rank 5Nova Spektrum AS: operating margin 6.4%, equity ratio 54.5%, rank 23Mst Grand Banks Shipping AS: operating margin 61.2%, equity ratio 0.5%, rank 61Oeg Offshore AS: operating margin 15.9%, equity ratio 37.1%, rank 8Meny AS: operating margin −1.6%, equity ratio 27.1%, rank 52Escape Travel AS: operating margin 2.2%, equity ratio 20.6%, rank 27
Show the map's figures as a table
CompanyOperating marginEquity ratioRevenue
Ses Energy AS12.4%55.8%611 MNOK
Anticimex A/S16.9%49.9%629 MNOK
Intrum AS19.6%50.6%852 MNOK
Kiwi Minidrift AS39.1%30.3%846 MNOK
Norsk Lastbærer Pool AS8.8%44.1%569 MNOK
Coor Cleaning Catering and Property AS4.1%53.9%634 MNOK
Grieg Shipping II AS12.0%68.0%1,177 MNOK
Oeg Offshore AS15.9%37.1%518 MNOK
Ventor Energi Norge AS3.9%26.4%705 MNOK
Dovre Solutions AS2.6%31.7%888 MNOK
Vend Marketplaces AS28.6%61.5%3,998 MNOK
Kredinor AS6.1%37.8%817 MNOK
Telenor Shared Services AS21.5%24.9%590 MNOK
Autoplan AS3.8%30.1%2,542 MNOK
Coor Service Management AS2.3%36.0%2,553 MNOK
Specsavers Norway AS1.7%39.1%731 MNOK
TS Group AS6.1%14.1%650 MNOK
Avarn Security AS2.2%46.1%2,659 MNOK
Yabimo Norge AS2.9%19.4%804 MNOK
Food Folk Norge AS33.0%22.2%725 MNOK
REMA 1000 AS99.9%19.7%1,898 MNOK
Agaia AS4.2%29.6%715 MNOK
Nova Spektrum AS6.4%54.5%555 MNOK
Utleiecompagniet AS15.7%26.4%1,310 MNOK
Ramirent AS12.4%39.6%1,367 MNOK
Norwegian Crew Services AS1.6%49.2%2,225 MNOK
Escape Travel AS2.2%20.6%504 MNOK
Norske Tog AS29.3%25.3%1,710 MNOK
Dedicare AS5.0%18.9%723 MNOK
First Rent A Car Norway AS8.6%19.8%1,342 MNOK
Insider Facility Solutions AS4.0%19.8%1,021 MNOK
Ving Norge AS2.9%11.7%4,865 MNOK
Rental Group Norway AS7.3%18.5%1,256 MNOK
EP Engros AS0.5%27.2%1,588 MNOK
4Service Eir Renhold AS8.5%12.8%1,360 MNOK
Nes Advantage AS1.7%10.0%2,250 MNOK
Manpower AS−0.8%38.5%1,657 MNOK
Fosdalen AS3.9%4.9%674 MNOK
European Cruise Service AS2.2%9.5%1,702 MNOK
Securitas AS5.0%12.5%2,076 MNOK
Polygon AS0.0%43.8%638 MNOK
Ability FM AS2.3%12.0%770 MNOK
Drivalia Lease Norge AS22.7%8.1%885 MNOK
Jobzone Norge AS2.4%6.4%937 MNOK
Adecco Industri AS−6.4%20.0%569 MNOK
Mde Stavanger AS2.2%18.0%572 MNOK
Avarn Security Aviation AS3.3%1.5%920 MNOK
Vaktmesterkompaniet AS0.1%21.2%1,164 MNOK
Sec Norge AS1.2%4.3%791 MNOK
Nes Fircroft Norge AS0.7%7.2%1,334 MNOK
REMA 1000 Norge AS16.5%7.6%5,890 MNOK
Meny AS−1.6%27.1%514 MNOK
Renta AS2.5%24.0%1,327 MNOK
Ayvens Norge AS22.7%7.1%5,282 MNOK
Kjøpmannshuset Norge AS−2.2%17.7%573 MNOK
Verisure AS17.1%0.2%1,353 MNOK
Securitas Technology AS−0.5%19.7%764 MNOK
Tui Norge AS0.4%8.4%2,861 MNOK
3 Step IT AS0.5%9.6%999 MNOK
Adecco Norge AS−2.2%25.2%1,443 MNOK
Mst Grand Banks Shipping AS61.2%0.5%538 MNOK
Scale Aquaculture Rental AS0.7%4.0%851 MNOK
Reitan Convenience Norway AS−31.0%21.4%738 MNOK
Personalhuset Staffing Group AS−0.8%8.1%734 MNOK
Cramo AS−0.1%4.1%969 MNOK

Holding and investment companies · 2025

133 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: 50 have at least 10 MNOK in assets and are listed.

Holding and investment companies
RankCompanyScore Equity ratioReturn on assetsCurrent ratioTotal assets
1Sixsides Holding AS84 100.0%19.9% –12 MNOK
2Andvari Investment Research AS83 98.5%35.4% 125.07401 MNOK
3Løå Invest AS82 99.9%16.9% 1,838.5519 MNOK
4Khv Holding AS80 99.5%21.6% 169.1942 MNOK
5Z&E Holding AS80 99.1%28.3% 45.1124 MNOK
6Hetu Holding AS79 99.1%29.1% 38.2337 MNOK
7IÅ Invest AS77 99.8%13.5% 321.1515 MNOK
8Sinclair Holding AS74 99.6%13.4% 237.5534 MNOK
9Pap Stavanger Holding AS74 100.0%11.1% –12 MNOK
10Naboen Holding AS73 98.5%22.7% 28.4475 MNOK
11Sterud Holding AS70 99.5%10.4% 206.1784 MNOK
12Trulavi Invest AS68 89.3%40.7% 8.0826 MNOK
13Olympic Wind Holding AS65 80.1%32.4% 62.49710 MNOK
14LJ IP Holding AS64 99.9%4.1% 316.4011 MNOK
15Park Holding AS60 81.6%24.8% 22.1627 MNOK
16Almehagen Holding AS59 89.4%20.3% 6.7627 MNOK
17Tee Invest AS57 84.7%14.3% 194.8120 MNOK
18Voco Invest AS57 99.0%4.4% 95.2023 MNOK
19Brødrene Kverneland Invest AS56 89.1%30.7% 0.0138 MNOK
20Kai Canari Holding AS56 60.3%46.8% 11.241,293 MNOK
Show all 50
RankCompanyScoreTotal assets
21Egner Holding AS5493 MNOK
22Tøn Holding AS5319 MNOK
23Eckhoff Invest AS5316 MNOK
24Traa Holding AS5213 MNOK
25Grøjbdle Invest AS5127 MNOK
26Netfair Holding AS4823 MNOK
27Knas Holding AS4814 MNOK
28Betongforbedring Holding AS47107 MNOK
29Ahw Holding AS4672 MNOK
30Kvamnet Holding AS4662 MNOK
31Collett Invest AS4614 MNOK
32NP Bodø Holding AS4633 MNOK
33Synkron Holding AS4511 MNOK
34Kolle Holding AS4556 MNOK
35Anders Haga Holding AS4410 MNOK
36Fløysand Invest AS4227 MNOK
37Oeg Offshore Holding AS42724 MNOK
38Trallfa Capital AS42228 MNOK
39Habberstad Holding AS4111 MNOK
40Fecadu Invest AS3841 MNOK
41Vestland Invest AS35365 MNOK
42Cws-Holding AS3317 MNOK
43Norsvin International Holding AS25195 MNOK
44Vss Holdings AS242,173 MNOK
45Nes Fircroft Holdings Norway AS18610 MNOK
46Trevland Holding AS1412 MNOK
47Kgt Holding AS1141 MNOK
48S.Holding AS1113 MNOK
49Wikerøy Invest AS920 MNOK
50Abg Scandinavia Holdings AS5167 MNOK

Score 0–100 against the other holding companies in the sector: equity ratio 40 %, return on assets 40 % and current ratio 20 %. Methodology

In our articles

All articles

Scenario analysis: the sector's weakest year

The sector's weakest year was 2026, with a median operating margin of −3.2%.

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

Fiscal yearMedian operating marginMedian equity ratio
2017––
2019––
2020––
20210.4%−57.3%
20224.9%19.0%
20234.1%24.5%
20243.8%24.4%
20254.2%24.7%
2026 · weakest year−3.2%33.1%

In 2026, 3 ranked companies did better than the sector, 0 about the same and 3 weaker.

Held up best in 2026

  1. 1Wings Travel Management ASequity ratio 33.4%21.7%
  2. 2Releasy ASequity ratio 3.0%6.1%
  3. 3Specsavers Norway ASequity ratio 32.7%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.

Consumer price index (indeks (2025 = 100))

Latest value: 104.0 (2026M09)

Consumer price index rose 3.0% in 2025; the sector's median operating margin rose 0.4 percentage points.

Consumer price index per year and the sector's median operating margin
Measure202120222023202420252026
Consumer price index, annual average84.389.294.197.0100.0102.9 (so far)
Change from the year before+3.5%+5.8%+5.5%+3.2%+3.0%+2.9%
Sector's median operating margin0.4%4.9%4.1%3.8%4.2%−3.2%

Source: SSB (14710, CC BY 4.0). Source · fetched 3 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 rose 0.4 percentage points.

Policy rate per year and the sector's median operating margin
Measure202120222023202420252026
Policy rate, annual average0.081.323.544.504.304.17 (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 margin0.4%4.9%4.1%3.8%4.2%−3.2%

Source: Norges Bank (IR, NLOD 2.0). Source · fetched 3 November 2026

When policy rate fell in 2025, 931 of 1,866 ranked companies kept their operating margin at or above the year before. Among the largest: Ving Norge AS (2.1% → 2.9%), Tui Norge AS (−0.9% → 0.4%), Nes Advantage AS (1.3% → 1.7%), Norwegian Crew Services AS (0.9% → 1.6%), Securitas AS (4.0% → 5.0%).

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
24,037
+0.8% from 2023
Persons employed
135,093
−2.5% from 2023
Turnover
NOK 263.7 bn
+6.7% from 2023
Gross operating margin
15.3%
Gross operating surplus divided by turnover

All enterprises, sole proprietorships included.

Bankruptcies in the industry

194 enterprise bankruptcies in the last four quarters (2025K4–2026K3). Change +3.2% against the four quarters before (188). That is about 8.1 per 1,000 enterprises.

462024K4422025K1562025K2442025K3442025K4532026K1572026K2402026K3

Foreign-controlled enterprises · 2024

Share of enterprises
2.6%
Share of persons employed
36.2%
Share of turnover
36.9%

SSB publishes this for groups of industries only. The figures are for the group “Forretningsmessig tjenesteyting”.

Turnover index · Forretningsmessig tjenesteyting

145.4 index, 2021 = 100, seasonally adjusted · 2026M08
+2.3% against 2025M08.

Monthly, 2023M08 to 2026M08.

Source: Statistics Norway (SSB), table 12910, table 10790, table 08085, table 13863. 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
77*Hele hovedgruppe 77
77.110Utleie og leasing av biler og andre lette motorvogner
77.120Utleie og leasing av lastebiler
77.210Utleie og leasing av sports- og fritidsutstyr
77.220Utleie og leasing av andre husholdningsvarer og varer til personlig bruk
77.310Utleie og leasing av landbruksmaskiner og -utstyr
77.320Utleie og leasing av bygge- og anleggsmaskiner og -utstyr
77.330Utleie og leasing av kontor- og datamaskiner
77.340Utleie og leasing av sjøtransportmateriell
77.350Utleie og leasing av lufttransportmateriell
77.390Utleie og leasing av andre maskiner og annet utstyr og materiell ikke nevnt annet sted
77.400Leasing av immateriell eiendom og lignende produkter, unntatt opphavsrettsbeskyttede verker
77.510Formidlingstjenester tilknyttet utleie og leasing av biler, campingbiler og tilhengere
77.520Formidlingstjenester tilknyttet utleie og leasing av andre materielle varer og immateriell eiendom og lignende produkter
78*Hele hovedgruppe 78
78.100Rekruttering og formidling av arbeidskraft
78.200Utleie av arbeidskraft og andre personaladministrative tjenester
79*Hele hovedgruppe 79
79.110Reisebyråvirksomhet
79.121Aktiviteter utført av utflukts- og eventarrangører
79.122Reisearrangørvirksomhet ellers
79.901Aktiviteter utført av turistkontorer og destinasjonsselskaper
79.902Guide- og reiseledervirksomhet
80*Hele hovedgruppe 80
80.010Etterforskningstjenester og private vakttjenester
80.090Vakttjenester ikke nevnt annet sted
81*Hele hovedgruppe 81
81.100Kombinerte tjenester tilknyttet eiendomsdrift
81.210Rengjøring av bygninger
81.220Utvendig rengjøring av bygninger og industriell rengjøring
81.230Annen rengjøringsvirksomhet og snømåking
81.300Beplantning av hager og parkanlegg
82*Hele hovedgruppe 82
82.100Kontortjenester
82.200Telefonvakttjenester og telefonsalg
82.300Kongress-, messe- og utstillingsvirksomhet
82.400Formidlingstjenester tilknyttet forretningsmessig tjenesteyting ikke nevnt annet sted
82.910Inkasso- og kredittopplysningsvirksomhet
82.920Pakkevirksomhet
82.990Annen forretningsmessig tjenesteyting ikke nevnt annet sted