Sector

Forretningsmessig tjenesteyting

2,040 companies ranked against comparable companies in four Morning company classes. Fiscal year 2025. 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 · 2025 · Morning class Small

Morning class Small · 2025
#	Company	Profile	Score	Change
1	Greenlander AS	Leader	90	+14
2	Fisheraquaservice AS	Leader	88	−1
3	Inco Offshore AS	Leader	88	−3
4	Skipet Entreprenør AS	Leader	87	+12
5	Fal Maskin AS	Leader	86	+8
6	Personellgruppen AS	Leader	86	+23
7	Nettbonus AS	Leader	86	+6
8	Rakkestad Containerservice AS	Leader	85	+29
9	Møre og Trøndelag Guideservice AS	Leader	84	+16
10	Wagonlink AS	Leader	84	0
11	Nøkkelpersonell AS	Leader	84	+4
12	Wimo Utleie AS	Leader	83	+16
13	HØYTRYKK & Vakumteknikk AS	Leader	82	+1
14	Bjørn Tore AS	Leader	82	+25
15	Visit Haugesund AS	Leader	82	+21
16	Innlandet Maskinutleie AS	Leader	81	+1
17	Søndersrød Landhandel AS	Leader	80	+7
18	Team Service Pedersen AS	Leader	80	0
19	Grønt Anlegg AS	Leader	80	+19
20	Toma Security AS	Leader	80	+10
21	Follo Liftutleie AS	Leader	80	+28
22	Loen Active AS	Leader	80	−3
23	Amundsen Maskin AS	Leader	79	+12
24	MB Exhibit AS	Leader	79	+22
25	Coitio Densification AS	Leader	79	+33
26	UTLEIETELT.NO AS	Leader	78	−5
27	Bramiljø AS	Leader	78	0
28	H1 Communication AS	Leader	78	+25
29	Addpersona AS	Leader	78	+16
30	Alarm24 AS	Leader	78	+5
31	Spesialtransport Norge AS	Leader	78	+5
32	Havfruen Renhold AS	Leader	77	+5
33	Bodø Containerutleie AS	Leader	77	+3
34	Kvikk-Renhold AS	Leader	77	+6
35	Peder Aarø AS	Leader	76	+9
36	Olsen Cruise Service AS	Leader	76	+6
37	Steinsholt Utleie AS	Leader	76	+9
38	Okk-Drift AS	Leader	76	−2
39	Adept Bemanning&Rekruttering AS	Leader	75	+2
40	Busengdal Utleie AS	Leader	75	−5
41	Havnedrift AS	Leader	75	+25
42	Travelbakery AS	Leader	75	+57
43	Envy Travel AS	Leader	75	+11
44	USA Experten OK Reiser AS	Leader	75	+3
45	Travelnet Moss AS	Leader	75	+30
46	Svenneby Landbruk AS	Leader	74	−10
47	Dedica AS	Leader	74	+2
48	Go-To Brands AS	Leader	74	−1
49	Sviland AS	Leader	74	+6
50	Boservice AS	Leader	74	+6

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

Travelbakery AS
From 2024 to 2025: went from a loss to a profit before tax and revenue grew by 86%.
+57
Skagstind Bygg AS
From 2024 to 2025: the operating margin rose from −31.1% to 14.7% and revenue grew by 143%.
+53
Arctic Guide Service AS
From 2024 to 2025: the operating margin fell from 10.8% to −13.0% and went from a profit to a loss before tax.
−52
Ltf AS
From 2024 to 2025: the operating margin rose from −8.5% to 15.4% and went from a loss to a profit before tax.
+48

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

The median operating margin rose from 2.4% in 2024 to 3.8% in 2025 (1.3 percentage points).
The median equity ratio fell from 20.9% in 2024 to 20.6% in 2025 (0.3 percentage points).
The median revenue growth fell from 7.0% in 2024 to 5.1% in 2025 (1.9 percentage points).
The share with a loss went from 25% in 2024 to 15% in 2025.

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 Small

The five largest companies account for 2% of the sector's revenue. Combined profit before tax for the 555 ranked companies: 603 MNOK.

Size

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

Highest revenue

Okk-Drift AS 50 MNOK
Nextcall AS 50 MNOK
Imtas Personell AS 49 MNOK
Academic Work HR Service Norway AS 49 MNOK
GO Nordic Cruiseline AS 49 MNOK

Operating revenue.

Most employees

Vaktsec AS 728
Brobyggere Bemannings- og Rekrutteringstjeneste AS 480
Kongeparken Drift AS 329
Public Control Management AS 220
Wrk Bemanning AS 202

Employees according to the Central Coordinating Register.

Highest revenue per employee

Innlandet Maskinutleie AS 9.2 MNOK
Hydramech Solutions AS 8.1 MNOK
USA Experten OK Reiser AS 7.5 MNOK
Norgeseliten AS 6.5 MNOK
Alexander Mann Solutions AS 6.5 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

Pegasus Flyinvest AS 91.5%
Helgøy Båt AS 72.8%
Salatmestern Eiendom AS 70.9%
Aqua 6 AS 69.9%
Partankers Xvi AS 65.2%

Operating result divided by operating revenue.

Largest profit

Chg-Meridian Norway AS 38 MNOK
Atpi Nordic AS 30 MNOK
Søndersrød Landhandel AS 14 MNOK
Vamar AS 13 MNOK
Renhold Senter AS 13 MNOK

Profit before tax.

Largest loss

Easee IP AS −88 MNOK
4Castgroup AS −36 MNOK
Fsv Services AS −36 MNOK
Ropo AS −24 MNOK
Otto Mobility AS −22 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

Best Work Bergen AS +244.5%
Lien Trepleie og Utemiljø AS +226.2%
Farmar Crewing AS +204.8%
IP Teknikk Service AS +166.6%
Rtc Renewables AS +143.4%

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

Largest revenue decline

Lyngvær Bemanning AS −83.4%
Stavanger Forum AS −79.1%
STENSETH & RS Ressurs AS −74.4%
Energos Installation AS −66.3%
Testa Consulting AS −60.6%

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

Biggest climbers

Travelbakery AS +57.6 points
Skagstind Bygg AS +53.3 points
Ltf AS +47.4 points
Educatius Norway AS +46.4 points
Klaff AS +34.7 points

Change in index points from the year before.

Biggest fallers

Arctic Guide Service AS −51.7 points
Travelmore AS −44.4 points
Crewmate AS −41.0 points
Norsk Jernbanesikkerhet AS −40.4 points
Norway Excursions AS −39.1 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 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 559 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 2024 (small ring).

Travelbakery AS profitability 23 → 78, solidity 0 → 71
Skagstind Bygg AS profitability 6 → 83, solidity 5 → 46
Arctic Guide Service AS profitability 78 → 3, solidity 63 → 19
Travelmore AS profitability 69 → 11, solidity 92 → 36
Coitio Densification AS profitability 51 → 96, solidity 33 → 94

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 2024 (profitability / solidity)
Norwegian Guide Service AS	Cheetah	97	45	95 / 30
Renhold Senter AS	Lion	97	88	97 / 59
Wimo Utleie AS	Lion	96	94	96 / 86
Voss og Fjordane Guideservice AS	Cheetah	96	9	92 / 8
Coitio Densification AS	Lion	96	94	51 / 33
Agusta 109 AS	Cheetah	96	28	96 / 22
Søndersrød Landhandel AS	Lion	95	81	93 / 75
Hydramech Solutions AS	Cheetah	95	18	85 / 17
Personellgruppen AS	Lion	95	77	–
Rene Trapper AS	Lion	95	62	92 / 64
Wagonlink AS	Lion	94	99	91 / 97
Berg-Hansen Reisebureau AS DRAMMEN	Lion	94	58	95 / 61
Kvikk-Renhold AS	Lion	94	72	90 / 64
Olsen Cruise Service AS	Lion	94	64	92 / 78
Fal Maskin AS	Lion	93	99	86 / 96
Soulat Bemanning og Omsorg AS	Cheetah	93	9	–
Aktiv Ventilasjon AS	Lion	93	51	90 / 57
Oflow AS	Cheetah	93	27	96 / 70
Rent Bord Renholdsservice AS	Cheetah	93	44	92 / 45
Oslo Fasadevask AS	Cheetah	93	46	89 / 28
Farmar Crewing AS	Cheetah	92	15	26 / 5
Ogr AS	Cheetah	92	34	68 / 53
Fisheraquaservice AS	Lion	92	90	93 / 93
Follo Liftutleie AS	Lion	91	76	35 / 63
Vaglid AS	Cheetah	91	23	69 / 28
Kan Renhold Oslo AS	Cheetah	90	31	91 / 30
Skipet Entreprenør AS	Lion	90	93	82 / 92
Bjørn Tore AS	Lion	90	91	58 / 50
Møre og Trøndelag Guideservice AS	Lion	89	92	61 / 87
Flyt Renhold AS	Lion	89	57	86 / 56
Fjellheisen Panorama AS	Cheetah	88	34	88 / 50
PS Selskapsutleie AS	Lion	88	89	74 / 98
Viking Adventure AS	Lion	88	63	43 / 83
Gudvangen Utvikling AS	Cheetah	87	0	90 / 0
Lima Renhold AS	Cheetah	87	13	88 / 10
HØYTRYKK & Vakumteknikk AS	Lion	87	74	–
Velico AS	Lion	86	68	46 / 76
Adept Bemanning&Rekruttering AS	Lion	85	77	85 / 87
Partankers Xvi AS	Cheetah	85	6	84 / 5
Clockwork Bemanning AS	Lion	85	84	74 / 79
Eurox Renhold AS	Cheetah	85	20	90 / 29
H1 Communication AS	Lion	84	81	40 / 74
Yourway AS	Cheetah	83	7	40 / 7
Boservice AS	Lion	83	64	84 / 65
Berg-Hansen Reisebureau Vestfold AS	Lion	83	56	90 / 59
Rengjøringsservice Anno 1975 AS	Lion	83	68	62 / 57
50 Degrees North Nordic AS	Cheetah	83	7	71 / 53
Havnedrift AS	Lion	83	58	–
Pbt Eiendomsdrift AS	Cheetah	83	26	74 / 21
Nextcall AS	Cheetah	83	42	72 / 34

The sector in numbers

Summary · fiscal year 2025 · Morning class Small

The sector's median operating margin is 4.2%. 59 of 564 companies have negative equity. The median equity ratio is 20.9%.

Companies with accounts564

Total revenue13,798 MNOK

Median operating margin4.2%

Median equity ratio20.9%

Share with a loss23%

Share with negative equity10%

All figures are for fiscal year 2025. Ranked: 559 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 0% of the total.

Climbers and fallers · Morning class Small

Change in rank from 2024 to 2025, for 471 companies ranked in both years.

Climbers

465Travelbakery ASfrom rank 507 to 4275
438Skagstind Bygg ASfrom rank 512 to 7470
380Ltf ASfrom rank 516 to 13664
309Hunsfos Opplevelse ASfrom rank 418 to 10966
305Norgesexpo Event ASfrom rank 362 to 5772

Fallers

424Arctic Guide Service ASfrom rank 111 to 53515
415Travelmore ASfrom rank 47 to 46230
359Norway Excursions ASfrom rank 23 to 38241
355Foynhaven ASfrom rank 58 to 41337
352Norsk Jernbanesikkerhet ASfrom rank 165 to 51719

Awards · 2025 · Morning class Small

Most profitablePegasus Flyinvest AS91.5%

Fastest growthTsgg Atlantic AS106,056.9%

Strongest balance sheetStrawberry Advisory AS97.9%

Largest revenueOkk-Drift AS50 MNOK

Highest revenue per employeeInnlandet Maskinutleie AS9.2 MNOK

Needs attention · 2025 · Morning class Small

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

criticalQualified Professionals ASNegative equity · Current ratio below 1 (0.79) · Loss before tax
criticalEccera Professionals ASNegative equity · Current ratio below 1 (0.56) · Loss before tax
criticalNH Bemanning ASNegative equity · Current ratio below 1 (0.51) · Loss before tax
criticalNordic Rig Tech ASNegative equity · Current ratio below 1 (0.80) · Loss before tax
criticalCrewmate ASNegative equity · Current ratio below 1 (0.26) · Loss before tax
criticalAtec Bemanning ASNegative equity · Current ratio below 1 (0.83) · Loss before tax
criticalXL Bemanning ASNegative equity · Current ratio below 1 (0.66) · Loss before tax
criticalAll-Tjeneste ASNegative equity · Current ratio below 1 (0.67) · Loss before tax
criticalNova Sales ASNegative equity · Current ratio below 1 (0.40) · Loss before tax
criticalNurse Partner Norge ASNegative equity · Current ratio below 1 (0.89) · Loss before tax
criticalBorgen Karriere ASNegative equity · Current ratio below 1 (0.42) · Loss before tax
criticalNordic Jobs Worldwide ASNegative equity · Current ratio below 1 (0.81) · Loss before tax
criticalDestination Tromso ASNegative equity · Current ratio below 1 (0.40) · Loss before tax
criticalIP Teknikk Service ASNegative equity · Current ratio below 1 (0.69) · Loss before tax
criticalClean Unit Renhold ASNegative equity · Current ratio below 1 (0.95) · Loss before tax

Sector map · 2025 · 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 559 ranked. Everyone is in the ranking.

Show the map's figures as a table

Company	Operating margin	Equity ratio	Revenue
Okk-Drift AS	9.6%	48.6%	50 MNOK
Nextcall AS	11.1%	17.9%	50 MNOK
Imtas Personell AS	4.3%	30.8%	49 MNOK
Academic Work HR Service Norway AS	1.3%	38.9%	49 MNOK
GO Nordic Cruiseline AS	5.2%	13.5%	49 MNOK
Bauta Power AS	0.5%	2.9%	49 MNOK
Bergen Bilutleie AS	17.1%	28.4%	49 MNOK
Gta Norge AS	0.3%	2.3%	49 MNOK
Vare-Consult AS	0.4%	23.8%	49 MNOK
Blixen Tours Norway AS	3.5%	26.2%	48 MNOK
Produsentpakkeriet Trøndelag AS	8.8%	31.9%	48 MNOK
Travel4football AS	2.9%	29.4%	48 MNOK
Collectia AS	−21.7%	74.4%	48 MNOK
Euroservice AS	4.5%	10.0%	48 MNOK
Trygg Renhold AS STOR-OSLO	7.8%	39.7%	48 MNOK
Lys Bemanning AS	2.8%	12.8%	48 MNOK
Kan Renhold Oslo AS	15.7%	12.2%	48 MNOK
Boservice AS	11.0%	32.9%	47 MNOK
Rene Trapper AS	25.8%	31.1%	47 MNOK
Alfa Eiendomsservice AS	5.2%	19.3%	47 MNOK
Enevo AS	7.2%	7.2%	47 MNOK
Nordlaks Maritime AS	3.0%	61.6%	47 MNOK
Public Control Management AS	7.0%	13.6%	47 MNOK
Shoe-D-Vision Norge AS	−0.2%	56.7%	47 MNOK
Montasjelaget AS	4.4%	29.2%	46 MNOK
Chg-Meridian Norway AS	54.3%	27.2%	46 MNOK
Innlandet Maskinutleie AS	16.0%	56.2%	46 MNOK
Busch-Sørensen Rengjøringsbyrå AS	2.0%	61.9%	46 MNOK
Arbeidskraft Valdres AS	7.4%	−10.7%	46 MNOK
Lost in Norway AS	0.6%	16.9%	46 MNOK
Vaktsec AS	9.7%	7.4%	46 MNOK
Better Business AS	5.3%	13.5%	45 MNOK
Follo Liftutleie AS	13.5%	43.5%	45 MNOK
USA Experten OK Reiser AS	5.2%	60.8%	45 MNOK
Qualified Professionals AS	0.4%	−25.3%	45 MNOK
Ropo AS	−53.1%	23.3%	45 MNOK
Toma Security AS	10.6%	50.5%	45 MNOK
Anleggsgartner Nordengen AS	7.4%	39.4%	45 MNOK
Haltbakk Crewing AS	0.5%	1.2%	45 MNOK
Partankers Xvi AS	65.2%	0.5%	45 MNOK
Promiso Sørøst AS	5.2%	6.9%	45 MNOK
Niro Gruppen Industri AS	3.1%	28.1%	45 MNOK
Easee IP AS	−187.1%	15.1%	44 MNOK
Renhold Senter AS	28.8%	59.0%	44 MNOK
Dyrsku'n Arrangement AS	−2.9%	82.5%	44 MNOK
Ips Rangering AS	7.7%	39.4%	44 MNOK
Farmar Crewing AS	20.7%	3.7%	44 MNOK
PS Selskapsutleie AS	17.1%	61.0%	44 MNOK
Right Skills AS	8.2%	1.0%	44 MNOK
Toptemp Romerike AS	1.4%	25.4%	44 MNOK
Tobb Byggdrift AS	2.7%	55.9%	43 MNOK
Novus Bemanning AS	1.2%	6.0%	43 MNOK
Uteguiden AS	−0.8%	11.3%	43 MNOK
MR Mobile Norge AS	0.4%	4.6%	43 MNOK
Rtc Renewables AS	1.5%	0.3%	43 MNOK
Eksponeringsservice AS	10.1%	57.6%	43 MNOK
Skipet Entreprenør AS	25.9%	67.0%	43 MNOK
Bakken Renhold AS	4.8%	35.6%	43 MNOK
Euromiljø Rent AS	7.6%	7.3%	43 MNOK
Nærmiljø Hage og Anlegg AS	2.3%	13.8%	42 MNOK
Lien Trepleie og Utemiljø AS	5.9%	8.6%	42 MNOK
Fjord Helikopter AS	23.1%	12.5%	42 MNOK
Grieg Maritime Group AS	−74.9%	82.9%	42 MNOK
Hytech Norse Offshore AS	0.7%	21.0%	41 MNOK
Chasing Lights AS	14.7%	20.5%	41 MNOK
Mcrent Norge AS	0.3%	2.3%	41 MNOK
Ehs AS	2.3%	46.0%	41 MNOK
Eccera Professionals AS	−28.0%	−66.2%	41 MNOK
Eviny Marked AS	−3.8%	60.6%	41 MNOK
7 Fjell Eiendomsservice AS	6.2%	10.6%	41 MNOK
Jobzone Tech AS	−19.3%	0.1%	41 MNOK
Clockwork Bemanning AS	15.8%	54.6%	41 MNOK
Best Work Bergen AS	5.4%	5.0%	41 MNOK
Hydramech Solutions AS	21.1%	5.7%	41 MNOK
NH Bemanning AS	−24.5%	−69.3%	40 MNOK
Hønefoss Vaktselskap AS	4.4%	19.4%	40 MNOK
Kjøpmannspartner AS	14.6%	61.0%	40 MNOK
People Performance AS	1.1%	10.5%	40 MNOK
Kjetil's Bussreiser AS	7.9%	25.0%	40 MNOK
Arnes Bilutleie AS	4.8%	21.9%	40 MNOK
HØYTRYKK & Vakumteknikk AS	14.2%	42.0%	40 MNOK
Servicealliansen Østfold AS	7.0%	30.2%	40 MNOK
Creditsafe Norway AS	1.8%	26.5%	40 MNOK
Quality Health Care AS	3.0%	3.1%	40 MNOK
Juhler Group Norge AS	0.0%	6.3%	40 MNOK
Fmv AS	4.0%	28.2%	40 MNOK
OSM Marine Crew 4 AS	1.1%	4.1%	40 MNOK
People4you AS	2.2%	29.9%	39 MNOK
Nomaco Services AS	9.4%	28.9%	39 MNOK
Spencer Stuart International AS	7.8%	17.3%	39 MNOK
Amundsen Maskin AS	9.8%	61.1%	39 MNOK
Geiranger Cruise Handling AS	8.3%	5.9%	39 MNOK
Nøkkelpersonell AS	11.7%	70.2%	39 MNOK
50 Degrees North Nordic AS	29.7%	0.8%	39 MNOK
Nordic Rig Tech AS	−1.4%	−2.0%	39 MNOK
Alexander Mann Solutions AS	1.0%	58.9%	39 MNOK
Sørli Anlegg AS	5.6%	38.4%	39 MNOK
Keystones Management AS	4.2%	15.8%	39 MNOK
Nordtech Norge AS	0.5%	0.9%	39 MNOK
Meyerhaugen AS	3.0%	29.7%	39 MNOK
Succedo AS	7.3%	−12.3%	38 MNOK
Destinasjon 71 Grader Nord AS	10.2%	10.7%	38 MNOK
Anleggsgartner Sigurd Johannessen AS	10.3%	50.9%	38 MNOK
Peab Bildrift Norge AS	5.1%	49.5%	37 MNOK
Moyo AS	6.5%	11.5%	37 MNOK
Wiisda AS	7.0%	24.5%	37 MNOK
Pbt Eiendomsdrift AS	9.3%	9.0%	37 MNOK
LV Tekniske AS	3.9%	19.5%	36 MNOK
JOB4U.NO AS	2.1%	0.3%	36 MNOK
Jobselect AS	2.1%	41.8%	36 MNOK
Sketch Production AS	2.0%	1.3%	36 MNOK
MR. Clean AS	1.9%	24.1%	36 MNOK
Ngs Butikkutstyr AS	−0.5%	84.4%	36 MNOK
Arctic Guide Service AS	−13.0%	6.3%	36 MNOK
Wrk Bemanning AS	2.0%	22.9%	36 MNOK
Le Pacte AS	7.5%	36.1%	36 MNOK
Slatlem Bilplan AS	−3.0%	3.6%	36 MNOK
Crewmate AS	−18.0%	−234.7%	36 MNOK
Soulat Bemanning og Omsorg AS	15.7%	1.3%	36 MNOK
Rtbc Rigg og Renhold AS	5.9%	25.9%	35 MNOK
Oda Connect AS	5.6%	12.8%	35 MNOK
Cool Company Norge AS	−1.2%	14.6%	35 MNOK
Bemex Rekruttering AS	8.6%	13.2%	35 MNOK
Weda AS	2.4%	4.7%	35 MNOK
Vaktcompaniet AS	5.3%	31.0%	35 MNOK
Skagstind Bygg AS	14.7%	20.0%	35 MNOK
Businesspeople Bemanning og Rekruttering AS	−5.4%	8.7%	35 MNOK
Anleggsgartner 1 Vesterbekkmo AS	0.0%	61.4%	35 MNOK
Trippel Høydeservice AS	2.1%	18.7%	35 MNOK
Testa Consulting AS	3.8%	38.8%	34 MNOK
Anleggsgartner 1 AS	1.9%	27.0%	34 MNOK
AM Direct AS	−0.1%	3.5%	34 MNOK
Brave AS	−1.5%	7.9%	34 MNOK
Dialog Norge AS	8.1%	31.1%	34 MNOK
Atec Bemanning AS	−3.1%	−19.6%	34 MNOK
Batne AS	8.1%	7.2%	34 MNOK
Heimdal Vaktmesterservice AS	10.9%	22.3%	34 MNOK
Motoboy Solution AS	0.2%	20.5%	33 MNOK
Hmd Maskin AS	37.2%	50.9%	33 MNOK
XL Bemanning AS	−3.9%	−36.8%	33 MNOK
TGS Service Partner AS	2.0%	9.5%	33 MNOK
Renholdsgruppen Invest AS	9.7%	17.0%	33 MNOK
All-Tjeneste AS	−1.3%	−2.7%	33 MNOK
Mostraum Management AS	−0.2%	50.6%	33 MNOK
Vamar AS	42.1%	57.5%	33 MNOK
Nova Sales AS	−3.6%	−66.5%	33 MNOK
Norgeseliten AS	0.3%	2.2%	33 MNOK
Hunsfos Opplevelse AS	8.9%	19.6%	32 MNOK
House of Travel AS	4.0%	31.4%	32 MNOK
Odda Service AS	2.6%	46.1%	32 MNOK
Vika Eiendomsdrift AS	−0.2%	7.6%	32 MNOK
Keysec AS	1.6%	−23.1%	32 MNOK
Northshore Crew AS	4.3%	1.9%	32 MNOK
Envy Travel AS	11.0%	34.0%	32 MNOK
Aktiv Bemanning Norge AS	0.4%	20.9%	32 MNOK
Autoleie Sørlandet AS	2.1%	20.2%	32 MNOK
Quality Security AS	3.1%	1.7%	32 MNOK
Q10 Offshore AS	1.7%	65.4%	32 MNOK
Venco AS	2.8%	16.9%	32 MNOK
Green Services AS	3.3%	23.7%	32 MNOK
Vekter og Alarmservice AS	1.4%	32.4%	32 MNOK
Vaglid AS	16.5%	7.8%	31 MNOK
Harald Kværner Eiendom Drift AS	3.2%	38.2%	31 MNOK
Ethos Bemanning AS	10.3%	62.1%	31 MNOK
Coitio Densification AS	24.7%	67.4%	31 MNOK
Helminsen AS	6.5%	54.8%	31 MNOK
Agusta 109 AS	24.3%	10.3%	31 MNOK
Nordisk Vårdinsats AS	−3.0%	21.5%	30 MNOK
Fjordsafari Norway AS	11.1%	31.6%	30 MNOK
Best Service AS	6.6%	24.0%	30 MNOK
Nell Renhold AS	−3.1%	0.9%	30 MNOK
Naboen Utleie Møre AS	7.2%	37.4%	30 MNOK
Bemanningsxperten Bergen AS	0.1%	6.5%	30 MNOK
Klaff AS	6.1%	8.6%	30 MNOK
Boma Entreprenør AS	4.1%	13.1%	30 MNOK
Läkarjouren AS	−5.7%	84.4%	30 MNOK
Nannestad Grøntmiljø AS	5.4%	67.5%	30 MNOK
Nurse Partner Norge AS	−5.4%	−3.0%	30 MNOK
Obeo Travel AS	−3.3%	10.2%	30 MNOK
Berg-Hansen Reisebureau AS DRAMMEN	32.2%	28.1%	30 MNOK
Anleggsgartner Ingvar Jonassen AS	0.0%	6.6%	30 MNOK
Borgen Karriere AS	−5.0%	−148.0%	30 MNOK
Fabi AS	1.5%	32.1%	29 MNOK
Tvt Maskin AS	4.6%	50.8%	29 MNOK
Otd AS	3.6%	13.1%	29 MNOK
Msi Auto AS	6.6%	42.3%	29 MNOK
Helgeland Trafikkselskap AS	0.0%	9.1%	29 MNOK
Bodø Containerutleie AS	9.9%	52.7%	29 MNOK
Nordic Jobs Worldwide AS	−3.6%	−71.1%	29 MNOK
Anleggsgartnermester Håkon Bjørndal AS	8.3%	27.7%	29 MNOK
Rent Bord Renholdsservice AS	19.1%	19.1%	29 MNOK
Heidem Facility Services AS	7.1%	19.8%	29 MNOK
Akershus Renhold AS	3.3%	8.0%	29 MNOK
Modus Design AS	2.6%	27.6%	29 MNOK
Jobzone Anlegg AS	6.9%	0.3%	29 MNOK
Grønt Renhold AS	−0.5%	16.1%	29 MNOK
Media Telemarketing AS	0.2%	15.6%	29 MNOK
Mbxp Norge AS	14.1%	15.8%	29 MNOK
Wildphoto Travel AS	14.8%	19.1%	28 MNOK
Hire Norway AS	1.6%	34.9%	28 MNOK
Salatmestern Eiendom AS	70.9%	14.3%	28 MNOK
Helseleverandøren AS	0.4%	56.7%	28 MNOK
Gaards-Service AS	6.1%	56.5%	28 MNOK
Tikkio AS	12.6%	17.4%	27 MNOK
Flotte Randaberg AS	4.2%	16.3%	27 MNOK
Byggmester Dale og Tønnessen AS	6.0%	18.9%	27 MNOK
Intervista AS	0.2%	3.6%	27 MNOK
Brobyggere Bemannings- og Rekrutteringstjeneste AS	1.9%	8.1%	27 MNOK
Busengdal Utleie AS	13.3%	63.0%	27 MNOK
Lillehammer Liftutleie AS	3.3%	23.8%	27 MNOK
Stavanger Forum AS	17.6%	58.4%	27 MNOK
IP Teknikk Service AS	−5.2%	−44.4%	27 MNOK
Oslo Event Hub AS	7.2%	6.0%	27 MNOK
Aktiv Ventilasjon AS	19.8%	23.9%	27 MNOK
Subseapeople AS	−1.7%	2.5%	27 MNOK
Eurox Renhold AS	11.4%	6.8%	27 MNOK
Aalesund Havne og Terminaltjenester AS	7.5%	42.3%	27 MNOK
Mps Service AS	0.7%	32.6%	27 MNOK
Kvs Drift AS	1.9%	3.6%	27 MNOK
Citero AS	6.0%	−0.3%	26 MNOK
Clean Unit Renhold AS	−4.6%	−5.2%	26 MNOK
Velico AS	17.8%	35.2%	26 MNOK
Aesse Management AS	0.5%	9.9%	26 MNOK
Olsen Cruise Service AS	17.2%	33.1%	26 MNOK
Wagonlink AS	30.7%	86.0%	26 MNOK
Berg-Hansen Reisebureau Vestfold AS	21.4%	27.3%	26 MNOK
Dora 3 AS	5.8%	50.3%	26 MNOK
Gudvangen Utvikling AS	26.2%	−38.5%	26 MNOK
Gasmar AS	56.0%	0.9%	26 MNOK
Human AS	2.5%	38.0%	26 MNOK
Bekkevold Drift AS	−12.5%	68.5%	25 MNOK
Team Security AS	−0.4%	54.8%	25 MNOK
Norsk Industrivask AS	5.7%	5.7%	25 MNOK
Trondheim Renholdsservice AS	10.3%	28.1%	25 MNOK
Yourway AS	8.8%	0.6%	25 MNOK
Faglig Ressurs AS	−3.3%	40.9%	25 MNOK
EQ Timing AS	5.5%	33.5%	25 MNOK
Iwannago AS	4.2%	10.2%	25 MNOK
Arctic Wildlife Tours AS	1.3%	3.3%	25 MNOK
Lyse Drift AS	9.9%	13.9%	25 MNOK
Retail Support Norge AS	0.1%	−17.4%	25 MNOK
Sector Alarm Als AS	5.0%	3.7%	25 MNOK
Wandering Owl AS	−0.5%	16.2%	25 MNOK
Bjerke Eiendomsservice AS	7.5%	47.2%	25 MNOK
Cba Infra AS	−12.3%	−28.0%	24 MNOK
Dahles Bilutleie AS	−10.1%	0.9%	24 MNOK
Stoica Marinservice AS	17.1%	15.6%	24 MNOK
Qualified People Bergen AS	0.9%	1.0%	24 MNOK
Tryg Elektro AS	4.5%	3.7%	24 MNOK
Norway Excursions AS	0.3%	12.0%	24 MNOK
Thon Hotels Salg AS	5.0%	39.0%	24 MNOK
Travelbakery AS	5.7%	38.2%	24 MNOK
Momek Akva Service AS	3.8%	14.7%	24 MNOK
Fsv Services AS	−134.2%	0.6%	23 MNOK
VAKTMESTER.NO AS	5.3%	61.8%	23 MNOK
Trøndervask AS	−2.0%	22.7%	23 MNOK
Rydje Renhold Oslo/Akershus AS	6.5%	34.7%	23 MNOK
Servtech Personell AS	4.6%	2.9%	23 MNOK
Norwegian Guide Service AS	26.9%	19.6%	23 MNOK
Mareka AS	8.3%	10.9%	23 MNOK
Grundig Renhold AS	−4.7%	12.2%	23 MNOK
CENTRUM VINDUSPUSS & Rengjøringsbyrå AS	6.3%	50.8%	23 MNOK
Lima Renhold AS	14.7%	3.1%	23 MNOK
Otto Mobility AS	−81.1%	8.3%	23 MNOK
Park Amusement Drift AS	11.1%	23.6%	23 MNOK
Søndersrød Landhandel AS	60.9%	51.5%	23 MNOK
Salgskompetanse AS	−3.2%	15.3%	23 MNOK
Toptemp Group AS	−0.1%	58.1%	22 MNOK
Visit Helgeland AS	−0.2%	57.7%	22 MNOK
Gold Renhold AS	6.4%	18.7%	22 MNOK
Norsk Jernbanesikkerhet AS	−4.5%	3.4%	22 MNOK
RS Sikkerhet AS	8.3%	27.4%	22 MNOK
Fcs Vega AS	5.3%	52.4%	22 MNOK
Rydje Renhold Hedmark/Oppland AS	10.1%	35.1%	22 MNOK
Go2lofoten AS	14.5%	15.7%	22 MNOK
Facility Partner AS	5.8%	5.3%	21 MNOK
Fjordane Bilutleige AS	3.6%	52.9%	21 MNOK
Saulius Eik AS	−4.3%	−60.6%	21 MNOK
V.S. EIENDOM & Bemanning AS	10.7%	29.1%	21 MNOK
Foynhaven AS	0.7%	17.8%	21 MNOK
Arctic Drift AS	10.0%	47.0%	21 MNOK
Real Facility Services AS	4.9%	11.5%	21 MNOK
Just Renhold AS	3.9%	14.6%	21 MNOK
Right Bemanning AS	1.6%	8.3%	21 MNOK
Visit Telemark AS	0.3%	39.7%	21 MNOK
Trapperingen AS	0.3%	72.1%	21 MNOK
Helt Rent Tjenester AS	1.2%	−18.4%	21 MNOK
Festus AS	10.0%	27.3%	21 MNOK
Lyngvær Bemanning AS	−19.1%	7.6%	21 MNOK
Haaland Services AS	3.0%	62.4%	21 MNOK
Aurora Renhold AS	2.5%	34.3%	21 MNOK
TETTPÅ! Bemanning AS	2.6%	40.4%	21 MNOK
Aktiv Omsorg Vest AS	5.5%	1.9%	21 MNOK
Senior Dev AS	8.8%	8.3%	20 MNOK
Drammen Renholdspartner AS	7.0%	28.9%	20 MNOK
Flyt Renhold AS	16.6%	27.7%	20 MNOK
Arendal Bilutleie AS	3.9%	11.3%	20 MNOK
Nova Service AS	2.5%	17.8%	20 MNOK
Gtf Norge AS	−0.1%	1.9%	20 MNOK
Stima Bygg AS	−19.7%	−87.7%	20 MNOK
Alna Rengjøring AS	−3.7%	2.5%	20 MNOK
Wimo Utleie AS	51.3%	67.8%	20 MNOK
Oslo Fasadevask AS	19.6%	20.3%	20 MNOK
Holmen Husky AS	−3.1%	0.1%	20 MNOK
Sviland AS	39.7%	42.9%	20 MNOK
Settl AS	6.5%	48.2%	20 MNOK
Visit Lyngenfjord AS	−1.1%	7.8%	20 MNOK
Møre og Trøndelag Guideservice AS	14.5%	64.4%	20 MNOK
STENSETH & RS Ressurs AS	2.4%	49.2%	20 MNOK
Brages Bilutleie AS	−2.8%	0.1%	20 MNOK
Mishkaat Norge AS	1.1%	34.6%	20 MNOK
Allteam AS	5.8%	7.7%	19 MNOK
Innlandet Renhold AS	8.6%	26.9%	19 MNOK
Vakt og Alarm AS	2.8%	84.2%	19 MNOK
Kst Materiell AS	0.2%	25.0%	19 MNOK
Rekrutteringshuset Mork AS	−6.4%	63.1%	19 MNOK
Personellgruppen AS	23.3%	44.0%	19 MNOK
Cred AS	6.7%	7.8%	19 MNOK
Morninglight Operations Norge AS	4.0%	43.3%	19 MNOK
Eventtents AS	−9.4%	−12.5%	19 MNOK
Strawberry Advisory AS	14.9%	97.9%	19 MNOK
M-16 Akershus Vaktselskap AS	−1.0%	−45.8%	19 MNOK
Malerbua Utleie AS	−4.1%	24.5%	19 MNOK
Q10 Personell AS	2.8%	42.6%	19 MNOK
Toten Kålrotpakkeri AS	8.1%	24.4%	19 MNOK
Driftig Eiendomsservice AS	−2.0%	−17.4%	18 MNOK
29-2 Aurland AS	7.0%	57.6%	18 MNOK
Voss og Fjordane Guideservice AS	29.8%	1.0%	18 MNOK
Kim Verdal AS	7.5%	36.1%	18 MNOK
Complete Security AS	−2.1%	0.6%	18 MNOK
Pegasus Flyinvest AS	91.5%	14.8%	18 MNOK
Kvant Consulting Norway AS	9.5%	31.8%	18 MNOK
Clean 4 U AS	1.2%	14.6%	18 MNOK
Steinbiten Drift AS	1.3%	23.9%	18 MNOK
Tsgg Atlantic AS	−7.7%	35.8%	18 MNOK
Visit Haugesund AS	8.1%	64.9%	18 MNOK
Renholdscompagniet AS	1.3%	33.8%	18 MNOK
Gss AS	−1.0%	5.3%	18 MNOK
Viking Adventure AS	13.7%	31.9%	18 MNOK
Travelnet Moss AS	1.1%	78.8%	18 MNOK
Best på Salg AS	2.4%	2.5%	18 MNOK
Ullensaker Renholdsteknikk AS	5.0%	26.4%	18 MNOK
Arves Vaktmesterservice AS	−4.3%	−10.5%	18 MNOK
Wings Travel Management AS	9.2%	16.4%	17 MNOK
Mercator Services II AS	−0.4%	0.4%	17 MNOK
Vaktmesterservice Innlandet AS	−0.7%	30.0%	17 MNOK
X-Tra Service AS	5.8%	43.6%	17 MNOK
Fisheraquaservice AS	25.5%	62.0%	17 MNOK
Aqua 6 AS	69.9%	25.9%	17 MNOK
H1 Communication AS	12.1%	51.6%	17 MNOK
Basale Fellesservice AS	1.9%	9.7%	17 MNOK
Glad Mat AS	−0.8%	65.4%	17 MNOK
Vaktmestertjenester Hønefoss AS	−1.5%	−2.2%	17 MNOK
M-Travel AS	3.3%	17.0%	17 MNOK
Renholdssystemer AS	1.7%	24.8%	17 MNOK
Bramiljø AS	13.5%	63.6%	17 MNOK
Lenas Helsepersonell AS	5.8%	42.0%	17 MNOK
Pap Stavanger AS	−2.4%	49.4%	17 MNOK
Ogr AS	18.1%	14.4%	17 MNOK
Core Security AS	−12.7%	−21.9%	17 MNOK
Addpersona AS	12.8%	54.3%	16 MNOK
Roar Wilhelmsen Kran AS	10.5%	7.1%	16 MNOK
Travelmore AS	−3.6%	14.8%	16 MNOK
Royal Industriservices AS	−17.6%	−3.8%	16 MNOK
Sullestad Support AS	5.7%	25.5%	16 MNOK
Skagen Eiendomsdrift AS	−1.2%	3.1%	16 MNOK
Renholdsbedriften AS	5.4%	22.6%	16 MNOK
Kongeparken Drift AS	3.7%	5.4%	16 MNOK
Arbeidskraft AS	−7.5%	15.5%	16 MNOK
Norsk Maskinutleie AS	6.8%	37.4%	16 MNOK
Nils O Askim AS	2.1%	52.2%	16 MNOK
Havnedrift AS	10.6%	28.6%	16 MNOK
Oflow AS	32.0%	10.1%	16 MNOK
MB Exhibit AS	5.2%	61.5%	16 MNOK
Spitzbergen Reisen AS	−1.3%	37.3%	16 MNOK
Fal Maskin AS	52.6%	86.7%	16 MNOK
Huba Supply AS	6.9%	4.3%	16 MNOK
Kvikk-Renhold AS	24.5%	38.7%	16 MNOK
Worknorway Group AS	−6.7%	73.9%	16 MNOK
Monia Ressurs AS	5.3%	19.9%	16 MNOK
Visit Svalbard AS	1.6%	53.3%	16 MNOK
Fjellheisen Panorama AS	14.6%	14.2%	16 MNOK
Clean-Start AS	−3.1%	18.8%	16 MNOK
Hjem og Industrirenhold AS	8.0%	23.1%	16 MNOK
Oslo Distribusjon AS	−0.5%	5.0%	16 MNOK
Norges Service AS	1.3%	8.8%	16 MNOK
Mobino Salg og Service AS	0.1%	18.7%	15 MNOK
Public Security AS	3.6%	53.0%	15 MNOK
Rengjøringsservice Anno 1975 AS	16.4%	35.7%	15 MNOK
Adept Bemanning&Rekruttering AS	13.4%	44.4%	15 MNOK
Alliansen AS	10.2%	57.8%	15 MNOK
Bani Renhold AS	3.8%	35.0%	15 MNOK
Bjørn Tore AS	13.9%	62.5%	15 MNOK
LYD-, Lys- og Scenekompaniet AS	5.1%	56.1%	15 MNOK
Doorman AS	8.2%	17.7%	15 MNOK
Prosjekt Vask AS	4.9%	26.7%	15 MNOK
Hitra Turistservice AS	−4.2%	72.3%	15 MNOK
Okv Renholdsservice AS	0.1%	−31.2%	15 MNOK
Energos Installation AS	−28.5%	19.6%	15 MNOK
Maskineriet Trondheim AS	−17.5%	−353.0%	15 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
Rank	Company	Score	Equity ratio	Return on assets	Current ratio	Total assets
1	Sixsides Holding AS	84	100.0%	19.9%	–	12 MNOK
2	Andvari Investment Research AS	83	98.5%	35.4%	125.07	401 MNOK
3	Løå Invest AS	82	99.9%	16.9%	1,838.55	19 MNOK
4	Khv Holding AS	80	99.5%	21.6%	169.19	42 MNOK
5	Z&E Holding AS	80	99.1%	28.3%	45.11	24 MNOK
6	Hetu Holding AS	79	99.1%	29.1%	38.23	37 MNOK
7	IÅ Invest AS	77	99.8%	13.5%	321.15	15 MNOK
8	Sinclair Holding AS	74	99.6%	13.4%	237.55	34 MNOK
9	Pap Stavanger Holding AS	74	100.0%	11.1%	–	12 MNOK
10	Naboen Holding AS	73	98.5%	22.7%	28.44	75 MNOK
11	Sterud Holding AS	70	99.5%	10.4%	206.17	84 MNOK
12	Trulavi Invest AS	68	89.3%	40.7%	8.08	26 MNOK
13	Olympic Wind Holding AS	65	80.1%	32.4%	62.49	710 MNOK
14	LJ IP Holding AS	64	99.9%	4.1%	316.40	11 MNOK
15	Park Holding AS	60	81.6%	24.8%	22.16	27 MNOK
16	Almehagen Holding AS	59	89.4%	20.3%	6.76	27 MNOK
17	Tee Invest AS	57	84.7%	14.3%	194.81	20 MNOK
18	Voco Invest AS	57	99.0%	4.4%	95.20	23 MNOK
19	Brødrene Kverneland Invest AS	56	89.1%	30.7%	0.01	38 MNOK
20	Kai Canari Holding AS	56	60.3%	46.8%	11.24	1,293 MNOK

Show all 50

Rank	Company	Score	Total assets
21	Egner Holding AS	54	93 MNOK
22	Tøn Holding AS	53	19 MNOK
23	Eckhoff Invest AS	53	16 MNOK
24	Traa Holding AS	52	13 MNOK
25	Grøjbdle Invest AS	51	27 MNOK
26	Netfair Holding AS	48	23 MNOK
27	Knas Holding AS	48	14 MNOK
28	Betongforbedring Holding AS	47	107 MNOK
29	Ahw Holding AS	46	72 MNOK
30	Kvamnet Holding AS	46	62 MNOK
31	Collett Invest AS	46	14 MNOK
32	NP Bodø Holding AS	46	33 MNOK
33	Synkron Holding AS	45	11 MNOK
34	Kolle Holding AS	45	56 MNOK
35	Anders Haga Holding AS	44	10 MNOK
36	Fløysand Invest AS	42	27 MNOK
37	Oeg Offshore Holding AS	42	724 MNOK
38	Trallfa Capital AS	42	228 MNOK
39	Habberstad Holding AS	41	11 MNOK
40	Fecadu Invest AS	38	41 MNOK
41	Vestland Invest AS	35	365 MNOK
42	Cws-Holding AS	33	17 MNOK
43	Norsvin International Holding AS	25	195 MNOK
44	Vss Holdings AS	24	2,173 MNOK
45	Nes Fircroft Holdings Norway AS	18	610 MNOK
46	Trevland Holding AS	14	12 MNOK
47	Kgt Holding AS	11	41 MNOK
48	S.Holding AS	11	13 MNOK
49	Wikerøy Invest AS	9	20 MNOK
50	Abg Scandinavia Holdings AS	5	167 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%	24.1%
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 0.5 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 0.5 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, 1,005 of 2,001 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