Sector

Forretningsmessig tjenesteyting

40 companies ranked against comparable companies in four Morning company classes. Fiscal year 2022. 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 · 2022 · Morning class Medium

Too few companies in this class (9, at least 10 needed) for a ranking of its own. They are compared with the whole sector.

Morning class Medium · 2022
#	Company	Profile	Score	Change
1	Direct House Arendal AS	Leader	62	–
2	ISS Service Management AS	Steward	56	–
3	ISS Management AS	Steward	53	–
4	Noble Drilling Norge AS	Builder	46	–
5	Haugesund Skips og Offshore Service AS	Sprinter	42	–
6	Living Clean Renhold AS	Sprinter	36	–
7	Imove AS	Builder	35	–
8	Travelnet Krs AS	Builder	19	–
9	Amploy AS	Builder	10	–

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 Medium

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 Medium

The five largest companies account for 80% of the sector's revenue. Combined profit before tax for the 9 ranked companies: 382 MNOK.

Size

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

Highest revenue

ISS Service Management AS 450 MNOK
Haugesund Skips og Offshore Service AS 408 MNOK
ISS Management AS 175 MNOK
Noble Drilling Norge AS 87 MNOK
Imove AS 84 MNOK

Operating revenue.

Most employees

ISS Service Management AS 764
Noble Drilling Norge AS 579
Living Clean Renhold AS 359
Haugesund Skips og Offshore Service AS 213
Amploy AS 149

Employees according to the Central Coordinating Register.

Highest revenue per employee

Travelnet Krs AS 2.6 MNOK
ISS Management AS 2.1 MNOK
Direct House Arendal AS 2.0 MNOK
Haugesund Skips og Offshore Service AS 1.9 MNOK
ISS Service Management AS 0.6 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

Living Clean Renhold AS 7.2%
Direct House Arendal AS 6.1%
Haugesund Skips og Offshore Service AS 4.9%
Noble Drilling Norge AS 3.8%
ISS Management AS 0.2%

Operating result divided by operating revenue.

Largest profit

ISS Management AS 367 MNOK
Haugesund Skips og Offshore Service AS 19 MNOK
Noble Drilling Norge AS 11 MNOK
Direct House Arendal AS 4 MNOK
ISS Service Management AS 3 MNOK

Profit before tax.

Largest loss

Imove AS −23 MNOK
Amploy AS −1 MNOK
Travelnet Krs AS −1 MNOK

Profit before tax, the largest negative.

Most solid

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

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.

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 Medium

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 2021 (profitability / solidity)
Living Clean Renhold AS	Cheetah	79	0	–
Direct House Arendal AS	Lion	67	53	–
Haugesund Skips og Offshore Service AS	Cheetah	62	17	–
Noble Drilling Norge AS	Beaver	49	38	–
ISS Management AS	Elephant	44	100	–
ISS Service Management AS	Elephant	37	62	–
Travelnet Krs AS	Beaver	14	0	–
Amploy AS	Beaver	14	0	–
Imove AS	Beaver	9	50	–

The sector in numbers

Summary · fiscal year 2022 · Morning class Medium

The sector's median operating margin is 0.2%. 4 of 10 companies have negative equity. The median equity ratio is 18.8%.

Companies with accounts10

Total revenue1,504 MNOK

Median operating margin0.2%

Median equity ratio18.8%

Share with a loss30%

Share with negative equity40%

All figures are for fiscal year 2022. Ranked: 9 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 Medium

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

Awards · 2022 · Morning class Medium

Most profitableLiving Clean Renhold AS7.2%

Strongest balance sheetISS Management AS86.1%

Largest revenueISS Service Management AS450 MNOK

Highest revenue per employeeTravelnet Krs AS2.6 MNOK

Needs attention · 2022 · Morning class Medium

7 companies show at least one warning sign. Showing the 7 most important.

criticalAmploy ASNegative equity · Current ratio below 1 (0.58) · Loss before tax
criticalLiving Clean Renhold ASNegative equity · Current ratio below 1 (0.60)
criticalTravelnet Krs ASNegative equity · Loss before tax
criticalDreamwork Talents ASNegative equity · Current ratio below 1 (0.92)
watchHaugesund Skips og Offshore Service ASVery low equity ratio (6.6%)
watchISS Management ASCurrent ratio below 1 (0.50)
watchImove ASLoss before tax

Sector map · 2022 · Morning class Medium

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
Direct House Arendal AS	6.1%	26.0%	66 MNOK
ISS Service Management AS	0.2%	32.3%	450 MNOK
ISS Management AS	0.2%	86.1%	175 MNOK
Noble Drilling Norge AS	3.8%	18.8%	87 MNOK
Haugesund Skips og Offshore Service AS	4.9%	6.6%	408 MNOK
Living Clean Renhold AS	7.2%	−5.9%	67 MNOK
Imove AS	−19.8%	20.7%	84 MNOK
Travelnet Krs AS	−1.6%	−14.3%	57 MNOK
Amploy AS	−2.3%	−14.7%	58 MNOK

Holding and investment companies · 2022

3 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: 2 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	Anleggsgartner SB Holding AS	60	94.5%	1.0%	10.10	36 MNOK
2	Tax Invest AS	40	71.1%	1.7%	0.31	10 MNOK

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

In our articles

Finance earns 58.3% on operations; the typical Norwegian industry makes 5.7%No. 16 of 22 on median operating margin

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 year	Median operating margin	Median equity ratio
2017	–	–
2019	–	–
2020	–	–
2021	0.4%	−57.3%
2022	4.6%	18.9%
2023	4.0%	24.3%
2024	3.8%	23.9%
2025	4.2%	24.3%
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

1Wings Travel Management ASequity ratio 33.4%21.7%
2Releasy ASequity ratio 3.0%6.1%
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
Measure	2021	2022	2023	2024	2025	2026
Consumer price index, annual average	84.3	89.2	94.1	97.0	100.0	102.9 (so far)
Change from the year before	+3.5%	+5.8%	+5.5%	+3.2%	+3.0%	+2.9%
Sector's median operating margin	0.4%	4.6%	4.0%	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
Measure	2021	2022	2023	2024	2025	2026
Policy rate, annual average	0.08	1.32	3.54	4.50	4.30	4.17 (so far)
Change from the year before	−0.28 percentage points	+1.24 percentage points	+2.22 percentage points	+0.96 percentage points	−0.20 percentage points	−0.12 percentage points
Sector's median operating margin	0.4%	4.6%	4.0%	3.8%	4.2%	−3.2%

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

When policy rate fell in 2025, 1,014 of 2,023 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.

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

Arc Bergen AS 933776182 Voluntary liquidation · 3 November 2026 · 1 MNOK (2025)
Hosj AS 915363849 Voluntary liquidation · 3 November 2026 · 0 MNOK (2025)
Van TO GO AS 935765234 Voluntary liquidation · 3 November 2026 · 0 MNOK (2025)
AS NORSK REISELIV 952498843 Voluntary liquidation · 2 November 2026
Alvin Maskin og Utleie AS 938482845 Voluntary liquidation · 31 October 2026
Atlas Technology Solutions Norway AS 917555818 Forced dissolution · 31 October 2026 · 15 MNOK (2025)
Birgits Florida AS 897801302 Voluntary liquidation · 31 October 2026 · 1 MNOK (2025)
Din Rekrutterer AS 914593972 Voluntary liquidation · 31 October 2026

All bankruptcies and liquidations in the sector

Industry codes (NACE)

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