Sector

Helse og omsorg

1,916 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	Raglamyr Tannregulering AS	Leader	88	+7
2	DR. Roarsen AS	Leader	84	−1
3	Cmørk AS	Leader	83	+2
4	Nese Kirurgisk Senter AS	Leader	83	+19
5	Klinikk Strand AS	Leader	82	+16
6	Mema Kjeveortopedi AS	Leader	82	−3
7	Thilesen Holding AS	Leader	81	–
8	Oslo Nevro AS	Leader	81	+1
9	Pål Bjerga Øyelege AS	Leader	80	+13
10	Skodje Tannklinikk AS	Leader	79	+14
11	Klomstad Gastro AS	Leader	78	−6
12	Vaksineklinikken AS	Leader	78	+19
13	Munnviken AS	Leader	78	+5
14	Adrian Halland AS	Leader	78	−8
15	Akeso AS	Leader	77	−4
16	Tannlegene Aasnæs AS	Leader	77	+7
17	Kjeveortoped Marit Ramsli Gjethammer AS	Leader	77	+21
18	Oslo Jordmor og Ultralydklinikk AS	Leader	76	+13
19	Jobbhuset AS	Leader	76	+3
20	Magespesialisten AS	Leader	75	+7
21	Hudlege Myhre AS	Leader	72	+22
22	Vår Omsorg AS	Leader	71	−3
23	Jessheim Tannlegesenter AS	Leader	71	+33
24	Hyre Tromsø AS	Steward	71	+3
25	Trondheim Tannlegesenter AS	Leader	70	+7
26	Osterøy Tannlegesenter AS	Leader	70	+6
27	Tannlege Tobiassen AS	Leader	69	+25
28	Rolf Øines AS	Leader	69	+1
29	Borg Medical AS	Leader	69	+1
30	Sjøgløtt Omsorgssenter AS	Leader	68	+8
31	Melius Assistanse AS	Leader	68	+4
32	Mediva AS	Leader	68	+4
33	Samtun AS	Leader	68	+26
34	Ophthalmos AS	Leader	68	−3
35	Dth Derma AS	Leader	68	−8
36	Selli Rehabiliteringssenter AS	Leader	68	+8
37	Imed AS	Leader	68	0
38	Akademikliniken Oslo AS	Steward	67	+16
39	Rysteg AS	Leader	67	−8
40	Sørvangen Næringspark AS	Steward	66	+10
41	Skøyenåsen Tannklinikk AS	Leader	66	+20
42	Aksis AS	Leader	66	−5
43	Jon Tryggestad AS	Leader	66	−8
44	Gløde AS	Leader	65	+10
45	Ytre Enebakk Tannklinikk AS	Sprinter	65	+20
46	Lias AS	Steward	65	−1
47	Norasondegruppen AS	Steward	65	+9
48	Smiløkka Arena AS	Steward	65	+12
49	Angedal Gard AS	Leader	64	−6
50	Våler Vekst AS	Steward	64	−3

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

Beredt AS
From 2024 to 2025: went from a loss to a profit before tax and the equity ratio rose from 14.8% to 42.4%.
+38
Søndre Vego Gård AS
From 2024 to 2025: the equity ratio fell from 61.3% to 19.6% and revenue fell by 22%.
−37
Tectus AS
From 2024 to 2025: went from a loss to a profit before tax and the operating margin rose from −12.4% to 6.8%.
+37
Rødbysetra AS
From 2024 to 2025: revenue grew by 82% and the operating margin rose from 2.7% to 12.4%.
+35

Summary analysis

Helse og omsorg, Morning class Large: 27 ranked companies in fiscal year 2025.

Best in the sector: Aberia Ung AS (score 87, operating margin 10.2%, equity ratio 65.1%). Human Care Ung AS (score 74, operating margin 6.3%, equity ratio 54.3%). Aleris Helse AS (score 70, operating margin 13.7%, equity ratio 54.4%).

Weakest in the sector: Avincis Aviation Norway AS (score 12, operating margin −19.3%, equity ratio 0.1%). Avonova Helse AS (score 13, operating margin −3.8%, equity ratio 0.6%). Lovisenberg Omsorg AS (score 16, operating margin 0.1%, equity ratio −5.3%).

Worth a closer look

The median operating margin fell from 5.3% in 2024 to 4.9% in 2025 (0.4 percentage points).
The median equity ratio rose from 34.9% in 2024 to 39.8% in 2025 (4.9 percentage points).
The median revenue growth fell from 10.8% in 2024 to 9.0% in 2025 (1.8 percentage points).
The share with a loss went from 23% in 2024 to 22% 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 4% of the sector's revenue. Combined profit before tax for the 249 ranked companies: 192 MNOK.

Size

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

Highest revenue

Privathospitalet Fana Medisinske Senter AS 50 MNOK
Innlandet BO og Omsorg AS 49 MNOK
Mdco Oslo AS 49 MNOK
Villa Skaar Eidsvoll AS 49 MNOK
Nks Østbytunet AS 49 MNOK

Operating revenue.

Most employees

Employees according to the Central Coordinating Register.

Highest revenue per employee

Akademikliniken Oslo AS 7.1 MNOK
Offshore Health Services AS 5.4 MNOK
Norsk Arbeidshelse AS 5.0 MNOK
Aktiv HMS Prosjekt AS 3.5 MNOK
Øyelegeklinikken AS 3.4 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

Tano AS 82.6%
Cmørk AS 67.1%
Oslo Nevro AS 64.7%
DR. Roarsen AS 63.8%
Mema Kjeveortopedi AS 61.3%

Operating result divided by operating revenue.

Largest profit

DR. Roarsen AS 19 MNOK
Cmørk AS 14 MNOK
Endotelin AS 13 MNOK
Stavanger Øyeklinikk Kilden AS 13 MNOK
Thilesen Holding AS 12 MNOK

Profit before tax.

Largest loss

Oris Dental Holding AS −118 MNOK
Prima Nordic AS −98 MNOK
Vilmer AS −22 MNOK
Digital Medical Supply Norway AS −18 MNOK
Mottaksdrift Nor AS −13 MNOK

Profit before tax, the largest negative.

Most solid

Akeso AS 96.2%
Aksis Arbeidsinkludering AS 95.8%
Cmørk AS 95.5%
Norasondegruppen AS 94.8%
Thilesen Holding AS 92.8%

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

Medicus Bergen AS +133.9%
Bevisstung Bolig AS +120.6%
Solid Assistanse AS +89.2%
Åreknuteklinikkene AS +87.5%
Rødbysetra AS +82.0%

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

Largest revenue decline

Lier Asvo Holding AS −65.2%
Amdo AS −59.3%
Villa Skaar Eidsvoll AS −41.6%
Mottaksdrift Nor AS −41.4%
Offshore Health Services AS −28.8%

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

Biggest climbers

Beredt AS +37.2 points
Tectus AS +36.4 points
Rødbysetra AS +35.4 points
Jessheim Tannlegesenter AS +32.4 points
Senter for Tilpasset Opplæring AS +29.2 points

Change in index points from the year before.

Biggest fallers

Søndre Vego Gård AS −36.1 points
Amdo AS −33.8 points
Tannlegesenteret Senja AS −31.1 points
Barne- og Ungdomssenteret på Holmlia AS −31.0 points
Ideell Omsorg AS −29.9 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.

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

Tectus AS profitability 3 → 60, solidity 0 → 52
Beredt AS profitability 10 → 62, solidity 19 → 54
Samtun AS profitability 11 → 65, solidity 65 → 89
Endotelin AS profitability 90 → 89, solidity 61 → 5
Driv Karriere AS profitability 71 → 18, solidity 65 → 62

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)
Mesna Hudklinikk AS	Cheetah	98	9	97 / 5
DR. Roarsen AS	Lion	97	86	96 / 85
Kjeveortoped Ingri Beddari AS	Cheetah	97	32	–
Tønsberg Tannregulering AS	Cheetah	95	10	96 / 6
Stavanger Øyeklinikk Kilden AS	Cheetah	95	22	94 / 26
Kjeveortoped Marit Ramsli Gjethammer AS	Lion	95	71	–
Nese Kirurgisk Senter AS	Lion	95	84	96 / 31
Hekla Tannregulering AS	Cheetah	94	12	–
Øyelegeklinikken AS	Cheetah	93	7	91 / 21
Tannlege Tobiassen AS	Lion	92	50	–
Raglamyr Tannregulering AS	Lion	92	91	94 / 92
Bch Drift AS	Cheetah	92	17	86 / 55
Hudlege Myhre AS	Lion	91	63	–
Liertoppen Tannlegesenter AS	Cheetah	91	26	–
Kjeveortoped Line Minster AS	Cheetah	91	5	95 / 4
Skodje Tannklinikk AS	Lion	90	71	92 / 73
Kongsvinger Hudcenter AS	Cheetah	90	47	91 / 46
Mema Kjeveortopedi AS	Lion	90	97	92 / 95
Tano AS	Cheetah	90	0	–
Endotelin AS	Cheetah	89	5	90 / 61
Munnviken AS	Lion	89	84	90 / 81
JJ Phaco AS	Cheetah	89	50	91 / 44
Magespesialisten AS	Lion	88	73	91 / 69
Kongsberg Tannlegesenter AS	Cheetah	88	13	89 / 9
Medinovo AS	Cheetah	87	8	90 / 42
Øyelege Solveig Otteren Ulvik AS	Cheetah	87	23	82 / 26
Alvenes Dental AS	Cheetah	87	9	–
Imed AS	Lion	87	81	89 / 77
Jessheim Tannlegesenter AS	Lion	86	58	82 / 11
Kjeveortoped Steinhäuser-Andresen AS	Cheetah	85	10	–
Dth Derma AS	Lion	85	91	89 / 90
Fjærvik Klinikken AS	Cheetah	85	6	89 / 4
Bekkestua Tannmedisin AS	Cheetah	84	18	84 / 9
Tilknytningspsykologene AS	Lion	84	61	83 / 67
Clinique Bellevue AS	Cheetah	83	0	68 / 0
Majorstua Tannlegene AS	Cheetah	82	8	92 / 5
Osterøy Tannlegesenter AS	Lion	82	57	81 / 50
Adrian Halland AS	Lion	82	92	88 / 97
Asker Tannregulering AS	Cheetah	82	34	–
Borg Medical AS	Lion	82	81	82 / 74
Oslo Jordmor og Ultralydklinikk AS	Lion	82	73	72 / 57
Pepper Blue Medical AS	Cheetah	81	31	80 / 13
Søndre Vego Gård AS	Cheetah	81	28	89 / 70
Ophthalmos AS	Lion	81	88	83 / 83
Estetisk Tannregulering AS	Lion	80	54	87 / 49
Oslofjordklinikken Vest AS	Cheetah	80	24	79 / 34
Nemus Kokstad og Sandsli AS	Cheetah	80	17	82 / 17
Trysiltannlegene AS	Cheetah	80	43	–
A-Medi AS	Lion	79	59	66 / 65
Tannlegesenteret Senja AS	Cheetah	79	11	85 / 58

The sector in numbers

Summary · fiscal year 2025 · Morning class Small

The sector's median operating margin is 5.9%. 24 of 251 companies have negative equity. The median equity ratio is 36.7%.

Companies with accounts251

Total revenue5,739 MNOK

Median operating margin5.9%

Median equity ratio36.7%

Share with a loss23%

Share with negative equity10%

All figures are for fiscal year 2025. Ranked: 250 operating companies. Holding companies, excluded companies and companies without enough data are shown but not ranked. How to read the index

Climbers and fallers · Morning class Small

Change in rank from 2024 to 2025, for 217 companies ranked in both years.

Climbers

174Jessheim Tannlegesenter ASfrom rank 197 to 2371
162Rødbysetra ASfrom rank 216 to 5463
152Samtun ASfrom rank 185 to 3368
134Beredt ASfrom rank 243 to 10953
123Ålesund Vekst ASfrom rank 191 to 6861

Fallers

159Tannlegesenteret Senja ASfrom rank 30 to 18939
152Søndre Vego Gård ASfrom rank 10 to 16244
145Vatvedtklinikken ASfrom rank 23 to 16843
141De Brukerstyrte Hus ASfrom rank 60 to 20134
135Ideell Omsorg ASfrom rank 83 to 21829

Awards · 2025 · Morning class Small

Most profitableTano AS82.6%

Fastest growthMeskano AS503.3%

Strongest balance sheetAkeso AS96.2%

Largest revenuePrivathospitalet Fana Medisinske Senter AS50 MNOK

Highest revenue per employeeAkademikliniken Oslo AS7.1 MNOK

Needs attention · 2025 · Morning class Small

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

criticalMdco Oslo ASNegative equity · Current ratio below 1 (0.67) · Loss before tax
criticalFritia ASNegative equity · Current ratio below 1 (0.38) · Loss before tax
criticalDigital Medical Supply Norway ASNegative equity · Current ratio below 1 (0.42) · Loss before tax
criticalUllevål Plastikkirugi ASNegative equity · Current ratio below 1 (0.20) · Loss before tax
criticalÅreknuteklinikkene ASNegative equity · Current ratio below 1 (1.00) · Loss before tax
criticalMdco Bergen ASNegative equity · Current ratio below 1 (0.70) · Loss before tax
criticalVestland Klinikken ASNegative equity · Current ratio below 1 (0.38) · Loss before tax
criticalMdco Agder ASNegative equity · Current ratio below 1 (0.86) · Loss before tax
criticalVangen Avlastning ASNegative equity · Current ratio below 1 (0.82) · Loss before tax
criticalLupro ASNegative equity · Current ratio below 1 (0.48) · Loss before tax
criticalDental Norge Forus ASNegative equity · Current ratio below 1 (0.34) · Loss before tax
criticalGrünerløkkas Hus Tannlegesenter ASNegative equity · Current ratio below 1 (0.59) · Loss before tax
criticalSunn Tannhelseklinikk ASNegative equity · Current ratio below 1 (0.51) · Loss before tax
criticalGrå Stær Klinikken ASNegative equity · Current ratio below 1 (0.59) · Loss before tax
criticalHimmelblå Helse og Omsorg ASNegative equity · Current ratio below 1 (0.62)

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.

Show the map's figures as a table

Company	Operating margin	Equity ratio	Revenue
Raglamyr Tannregulering AS	55.8%	85.5%	15 MNOK
DR. Roarsen AS	63.8%	79.2%	30 MNOK
Cmørk AS	67.1%	95.5%	21 MNOK
Nese Kirurgisk Senter AS	50.2%	76.4%	12 MNOK
Klinikk Strand AS	46.7%	91.8%	11 MNOK
Mema Kjeveortopedi AS	61.3%	91.3%	12 MNOK
Thilesen Holding AS	42.9%	92.8%	15 MNOK
Oslo Nevro AS	64.7%	90.9%	12 MNOK
Pål Bjerga Øyelege AS	50.8%	87.7%	10 MNOK
Skodje Tannklinikk AS	24.6%	64.1%	19 MNOK
Klomstad Gastro AS	46.2%	90.7%	10 MNOK
Vaksineklinikken AS	12.4%	79.2%	11 MNOK
Munnviken AS	31.8%	78.3%	11 MNOK
Adrian Halland AS	60.6%	86.7%	11 MNOK
Akeso AS	49.3%	96.2%	11 MNOK
Tannlegene Aasnæs AS	10.4%	78.4%	12 MNOK
Kjeveortoped Marit Ramsli Gjethammer AS	51.3%	64.5%	11 MNOK
Oslo Jordmor og Ultralydklinikk AS	15.8%	66.3%	15 MNOK
Jobbhuset AS	16.6%	91.2%	27 MNOK
Magespesialisten AS	53.1%	65.9%	11 MNOK
Hudlege Myhre AS	39.7%	53.3%	10 MNOK
Vår Omsorg AS	10.4%	60.0%	38 MNOK
Jessheim Tannlegesenter AS	15.5%	47.2%	22 MNOK
Hyre Tromsø AS	5.9%	89.3%	38 MNOK
Trondheim Tannlegesenter AS	17.5%	62.9%	27 MNOK
Osterøy Tannlegesenter AS	20.2%	45.8%	15 MNOK
Tannlege Tobiassen AS	29.5%	38.6%	10 MNOK
Rolf Øines AS	10.5%	70.7%	11 MNOK
Borg Medical AS	43.2%	73.8%	11 MNOK
Sjøgløtt Omsorgssenter AS	24.2%	48.3%	17 MNOK
Melius Assistanse AS	12.5%	39.3%	23 MNOK
Mediva AS	23.2%	70.6%	10 MNOK
Samtun AS	11.2%	80.4%	34 MNOK
Ophthalmos AS	29.4%	79.4%	12 MNOK
Dth Derma AS	60.5%	84.9%	15 MNOK
Selli Rehabiliteringssenter AS	9.1%	84.5%	41 MNOK
Imed AS	43.9%	74.7%	11 MNOK
Akademikliniken Oslo AS	8.2%	76.2%	43 MNOK
Rysteg AS	6.3%	77.2%	23 MNOK
Sørvangen Næringspark AS	3.1%	81.7%	25 MNOK
Skøyenåsen Tannklinikk AS	7.6%	44.6%	13 MNOK
Aksis AS	30.6%	65.0%	13 MNOK
Jon Tryggestad AS	17.2%	72.1%	13 MNOK
Gløde AS	6.4%	57.6%	46 MNOK
Ytre Enebakk Tannklinikk AS	20.6%	29.4%	10 MNOK
Lias AS	4.3%	76.0%	40 MNOK
Norasondegruppen AS	0.7%	94.8%	24 MNOK
Smiløkka Arena AS	3.7%	67.2%	30 MNOK
Angedal Gard AS	18.8%	58.3%	19 MNOK
Våler Vekst AS	5.2%	90.5%	36 MNOK
JJ Phaco AS	35.4%	38.5%	11 MNOK
Nordpolen Industrier AS	6.1%	84.5%	24 MNOK
Moment Organisasjon og Ledelse AS	12.0%	61.2%	48 MNOK
Rødbysetra AS	12.4%	21.3%	38 MNOK
Spir Helse AS	5.8%	62.1%	13 MNOK
Movia Formidling AS	7.2%	62.3%	45 MNOK
Signo Rycon AS	5.4%	76.0%	31 MNOK
Trysiltannlegene AS	26.4%	30.4%	11 MNOK
Rosenvik AS	1.8%	87.8%	32 MNOK
Skaustua Omsorg AS	10.1%	48.8%	36 MNOK
Atico Solør AS	5.5%	60.6%	26 MNOK
Brisk Karriere AS	5.9%	56.2%	30 MNOK
Ime Verksted AS	7.5%	73.6%	14 MNOK
Øri AS	0.0%	87.6%	36 MNOK
Kveik Formidling AS	4.7%	79.3%	20 MNOK
Tilknytningspsykologene AS	39.7%	49.9%	16 MNOK
Kjeveortoped Ingri Beddari AS	50.5%	21.2%	11 MNOK
Ålesund Vekst AS	5.3%	67.1%	21 MNOK
Sentrum Tannlegesenter AS	1.8%	79.3%	18 MNOK
Klinikk Haukeland AS	14.3%	30.0%	19 MNOK
Via Færder AS	0.7%	79.7%	32 MNOK
Generasjon M AS	12.3%	28.2%	15 MNOK
A-Medi AS	12.9%	47.2%	13 MNOK
Spesialistklinikk AS	3.3%	67.0%	14 MNOK
Malmedalsklinikken AS	12.0%	34.6%	11 MNOK
Sa-Produksjon AS	4.5%	85.8%	13 MNOK
Amdo AS	17.6%	67.4%	16 MNOK
Sølve AS SØNDRE LAND VERKSTEDER	2.6%	87.4%	11 MNOK
Lisand Arbeid AS	4.5%	74.2%	26 MNOK
Valdres Arbeidssenter AS	10.0%	70.3%	20 MNOK
Offshore Health Services AS	9.9%	60.7%	43 MNOK
Stavanger Øyeklinikk Kilden AS	50.3%	16.4%	25 MNOK
Estetisk Tannregulering AS	37.3%	41.6%	17 MNOK
Prima Nordic AS	3.7%	45.8%	14 MNOK
Spiren Fertilitetsklinikk AS	5.7%	57.6%	32 MNOK
Tilrettelagt Omsorg AS	8.8%	49.0%	14 MNOK
Blindheim Tannlegesenter AS	19.6%	34.0%	22 MNOK
Numedal Produksjon AS	0.0%	72.2%	13 MNOK
Lysne Helse AS	6.5%	49.1%	24 MNOK
Delta Næring AS	5.9%	39.3%	29 MNOK
TROLLHEIM ARBEID & Inkludering AS	5.1%	67.6%	47 MNOK
Drammen Logopedtjeneste AS	8.8%	22.5%	15 MNOK
Solid Assistanse AS	7.7%	19.0%	43 MNOK
Fjellstø Omsorg AS	5.9%	46.8%	43 MNOK
Kongsvinger Hudcenter AS	47.1%	36.7%	13 MNOK
Asker Tannregulering AS	24.4%	21.6%	20 MNOK
Asteta Clinic AS	6.6%	24.2%	17 MNOK
Tepas Kompetanse AS	1.3%	87.8%	15 MNOK
Hekla Tannregulering AS	60.3%	3.2%	11 MNOK
Liertoppen Tannlegesenter AS	37.0%	18.3%	11 MNOK
N.K.S. Kvamsgrind AS	−1.1%	57.9%	23 MNOK
Nks Kløveråsen AS	−8.2%	85.7%	35 MNOK
Spira Utvikling AS	4.0%	30.4%	27 MNOK
Odontia 2 AS	10.8%	39.3%	12 MNOK
Alvenes Dental AS	16.2%	1.3%	11 MNOK
Topro AS	9.3%	67.6%	21 MNOK
Åspro Arbeid og Kompetanse AS	−0.7%	74.7%	20 MNOK
Nedre Bakstevold Gård AS	1.6%	51.9%	11 MNOK
Beredt AS	6.8%	42.4%	45 MNOK
Aneste Drift AS	9.8%	28.3%	13 MNOK
Privathospitalet Fana Medisinske Senter AS	4.0%	37.4%	50 MNOK
Montgomery AS	11.8%	21.0%	11 MNOK
Pepper Blue Medical AS	18.0%	21.0%	11 MNOK
Tannlegekompaniet AS	5.0%	45.3%	16 MNOK
Norsk Arbeidshelse AS	10.8%	16.6%	40 MNOK
Innovi AS	−0.6%	79.3%	33 MNOK
Tannlegene i Myrabakken AS	7.6%	17.8%	14 MNOK
Nks Østbytunet AS	27.3%	23.3%	49 MNOK
Tano AS	82.6%	−9.3%	12 MNOK
Sti Omsorg AS	3.1%	40.0%	32 MNOK
Øyelegeklinikken AS	49.2%	0.9%	17 MNOK
Uni-K AS	0.7%	54.0%	46 MNOK
Triaden Tannklinikk AS	4.3%	37.4%	11 MNOK
City Nord Tannhelse AS	−2.3%	58.7%	21 MNOK
Kastvollen Rehabiliteringssenter AS	−4.3%	72.8%	47 MNOK
Øyelege Solveig Otteren Ulvik AS	23.7%	16.9%	11 MNOK
Optera AS	9.0%	27.0%	16 MNOK
Nøstret Kroksund AS	9.8%	37.9%	21 MNOK
Bch Drift AS	33.1%	10.2%	17 MNOK
Ifjobb AS	1.8%	65.3%	34 MNOK
Leider AS	2.5%	54.3%	20 MNOK
Aktivum Utvikling AS	−0.5%	52.4%	12 MNOK
Kjeveortoped Steinhäuser-Andresen AS	24.9%	2.0%	11 MNOK
Aktio Kompetanse AS	−0.7%	92.2%	13 MNOK
Vadsø Iarbeid AS	−2.4%	79.1%	10 MNOK
Oslofjordklinikken Vest AS	13.7%	17.3%	35 MNOK
Nesttun Dagkirurgisk Senter AS	10.6%	25.1%	11 MNOK
BO og Bistand AS	9.7%	10.0%	44 MNOK
Aaaa Tøyen Tannlegevakt AS	4.1%	33.6%	16 MNOK
Nordmoen Sikkerhetshjem AS	−0.2%	69.1%	13 MNOK
Fjærvik Klinikken AS	17.3%	0.6%	22 MNOK
Villa Skaar Kajalund AS	7.4%	23.5%	44 MNOK
Solsletten Sykehjem AS	2.7%	40.8%	34 MNOK
Astero i Jobb AS	−0.5%	68.4%	36 MNOK
Bekkestua Tannmedisin AS	18.4%	10.8%	31 MNOK
Clinique Bellevue AS	15.6%	−13.3%	16 MNOK
Løvehjerte Omsorg AS	2.1%	36.8%	15 MNOK
Mesna Hudklinikk AS	57.9%	1.2%	12 MNOK
Asvo Kvinesdal AS	1.3%	39.6%	22 MNOK
Aksis Arbeidsinkludering AS	−23.9%	95.8%	27 MNOK
Tectus AS	6.8%	39.5%	38 MNOK
Aktiv HMS Prosjekt AS	19.3%	19.3%	18 MNOK
Injeksjonsspesialisten AS	15.3%	20.8%	12 MNOK
Endotelin AS	54.2%	0.3%	22 MNOK
Masterklinikken Norge AS	3.8%	40.4%	26 MNOK
Senter for Tilpasset Opplæring AS	0.9%	19.9%	22 MNOK
Tønsberg Tannregulering AS	46.4%	1.6%	11 MNOK
Colosseumklinikken Medisinske Senter AS	3.3%	27.0%	43 MNOK
Halden Arbeid og Vekst AS	−6.6%	82.4%	44 MNOK
Varde AS	0.3%	60.6%	46 MNOK
Nydalen Tannlegesenter AS	3.2%	44.7%	27 MNOK
Søndre Vego Gård AS	26.5%	19.6%	15 MNOK
Opalia Tannklinikk Tromsø AS	8.0%	−91.2%	14 MNOK
Kjeveortoped Line Minster AS	42.6%	0.4%	11 MNOK
Shipmed AS	−2.5%	64.7%	12 MNOK
Medinovo AS	21.3%	1.1%	16 MNOK
Meskano AS	0.8%	34.2%	15 MNOK
Vatvedtklinikken AS	11.7%	21.3%	11 MNOK
Nemus Kokstad og Sandsli AS	15.7%	10.2%	11 MNOK
Bevisstung Bolig AS	8.9%	7.2%	29 MNOK
Tannregulering Sør AS	5.0%	48.0%	18 MNOK
Ørenesehals Klinikken AS	15.0%	0.8%	15 MNOK
Nitor Opus AS	3.8%	25.8%	45 MNOK
Best Helse AS	10.5%	12.3%	46 MNOK
TANNKLINIKKEN MARISOL & Kaldheim AS	2.7%	34.4%	18 MNOK
Aspekt Hustadvika AS	6.8%	10.1%	34 MNOK
Omsorgspartner Vestland AS	2.3%	23.0%	40 MNOK
Kongsberg Tannlegesenter AS	22.1%	5.4%	26 MNOK
Innlandet BO og Omsorg AS	1.4%	19.0%	49 MNOK
Oslo Endodontisenter AS	4.7%	23.2%	23 MNOK
Sana Oris Tannklinikk AS	3.6%	9.9%	19 MNOK
Lier Asvo Holding AS	3.7%	55.3%	13 MNOK
Prestestien Tannlegepraksis AS	4.1%	5.6%	14 MNOK
Kongsvinger Tannregulering AS	14.6%	15.0%	11 MNOK
Mdco Midt-Norge AS	1.7%	16.5%	42 MNOK
2Care Bpa AS	2.4%	19.8%	36 MNOK
Fetsund Tannklinikk AS	12.5%	1.3%	12 MNOK
Røstad Legesenter AS	0.1%	38.4%	11 MNOK
Tannlegesenteret Senja AS	14.9%	2.4%	14 MNOK
Sterk Helse og Trening Løren AS	19.1%	13.9%	16 MNOK
Heia Vita AS	−0.9%	34.3%	19 MNOK
Daikai Norway AS	12.0%	0.5%	19 MNOK
Lyngsalpan Vekst AS	0.3%	25.5%	17 MNOK
Medicus Bergen AS	−2.8%	21.3%	27 MNOK
Salutis HMS AS	1.9%	20.5%	41 MNOK
Memox AS	−3.6%	35.8%	18 MNOK
Majorstua Tannlegene AS	15.1%	1.1%	23 MNOK
Nordnes Verksteder AS	−1.1%	43.1%	29 MNOK
Magnat Medisinske Senter AS	7.4%	19.5%	13 MNOK
Medpoint AS	−7.1%	21.0%	12 MNOK
De Brukerstyrte Hus AS	−1.8%	18.1%	19 MNOK
Gjøvik Tannlegesenter AS	−0.5%	14.0%	19 MNOK
Krapfoss Industrier AS	−0.3%	58.2%	12 MNOK
Clear Tannlegesenter AS	11.9%	0.6%	37 MNOK
Emmasofia AS	1.9%	−21.0%	27 MNOK
Eos Utvikling AS	3.9%	19.6%	25 MNOK
Hardanger Aks AS	−0.5%	17.1%	32 MNOK
FINNSKOGTOPPEN SPA & Velværehotell AS	−8.9%	73.4%	29 MNOK
Sanita Omsorg AS	−1.2%	14.4%	32 MNOK
Driv Karriere AS	−2.2%	50.5%	21 MNOK
Privatomsorgen AS	−0.7%	8.6%	37 MNOK
Vilmer AS	−188.8%	43.0%	11 MNOK
Drive Norge AS	12.6%	−70.1%	14 MNOK
Mio Omsorg AS	−5.1%	19.4%	36 MNOK
Eiksmarka Tannlegesenter AS	5.2%	8.5%	17 MNOK
TANNLEGE DR.MED.Dent Johannes Opitz AS	1.9%	−1.6%	12 MNOK
Vennesla Legesenter AS	−4.0%	29.4%	22 MNOK
Ideell Omsorg AS	−4.5%	33.5%	23 MNOK
Agenda Aktiv AS	−12.1%	22.7%	42 MNOK
Brumunddal Legesenter AS	−0.1%	16.5%	18 MNOK
Himmelblå Helse og Omsorg AS	0.9%	−47.1%	31 MNOK
PROCARE. AS	2.8%	12.5%	21 MNOK
Hapro Jobb og Karriere AS	−16.6%	11.6%	45 MNOK
Åreknuteklinikkene AS	−0.4%	−60.4%	26 MNOK
Helseklinikken Fredrikstad AS	1.2%	−28.6%	14 MNOK
Novita Omsorg AS	−3.3%	−5.2%	30 MNOK
Villa Skaar Eidsvoll AS	−23.3%	24.3%	49 MNOK
Oris Dental Holding AS	−197.6%	6.8%	37 MNOK
Hjemmelegene AS	−11.3%	2.4%	26 MNOK
PARMANN & Hagen AS	−1.2%	3.1%	20 MNOK
Grünerløkkas Hus Tannlegesenter AS	2.3%	−16.0%	14 MNOK
DalPro AS	−5.1%	21.7%	34 MNOK
Hava Omsorg AS	−1.9%	12.1%	40 MNOK
Nemus Kongsvinger AS	−1.1%	−5.6%	11 MNOK
Orbdent Oslo AS	−4.6%	4.2%	14 MNOK
Ullevål Plastikkirugi AS	−5.9%	−2.0%	26 MNOK
Solstad Bo- og Omsorgssenter AS	−6.6%	14.1%	36 MNOK
Sunn Tannhelseklinikk AS	1.7%	−33.0%	13 MNOK
Fritia AS	−2.5%	−4.3%	36 MNOK
Barne- og Ungdomssenteret på Holmlia AS	−5.9%	23.7%	14 MNOK
Mottaksdrift Nor AS	−26.6%	22.2%	48 MNOK
Mdco Oslo AS	−10.3%	−43.1%	49 MNOK
Vestland Klinikken AS	−16.4%	−130.8%	22 MNOK
Vangen Avlastning AS	−4.2%	−7.8%	20 MNOK
Mdco Agder AS	−5.0%	−7.3%	22 MNOK
Lupro AS	−14.6%	−8.1%	18 MNOK
Mdco Bergen AS	−15.1%	−38.4%	25 MNOK
Grå Stær Klinikken AS	−5.0%	−11.8%	13 MNOK
Dental Norge Forus AS	−46.2%	−114.6%	15 MNOK
Digital Medical Supply Norway AS	−53.9%	−123.7%	34 MNOK

Holding and investment companies · 2025

95 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: 30 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	O2 Holding AS	94	99.0%	74.0%	43.55	10 MNOK
2	Carlsten Holding AS	86	99.8%	26.2%	384.44	13 MNOK
3	Fewi Holding AS	80	87.9%	50.1%	8.28	26 MNOK
4	Akval Invest AS	76	96.2%	24.7%	15.43	25 MNOK
5	Clh Holding AS	72	83.7%	44.5%	5.78	25 MNOK
6	Nhf Holding AS	70	99.8%	8.1%	342.70	15 MNOK
7	BJØRN J. Hansen Holding AS	70	80.8%	36.5%	39.50	41 MNOK
8	Minster Holding AS	62	76.7%	40.0%	4.28	22 MNOK
9	Coysa Holding AS	59	84.9%	21.6%	4.40	12 MNOK
10	Rundhaug Holding AS	53	93.1%	14.0%	2.30	14 MNOK
11	Nevrokiro Holding AS	53	96.8%	0.2%	30.90	18 MNOK
12	Blid Holding AS	52	100.0%	0.0%	–	31 MNOK
13	Eija Holding AS	51	71.0%	31.4%	3.15	53 MNOK
14	J S Holding AS	50	90.4%	3.5%	7.38	49 MNOK
15	Dmpsteg Holding AS	47	97.1%	−0.1%	5.11	15 MNOK
16	Efraim Holding AS	44	62.6%	29.3%	1.99	30 MNOK
17	Mare Holding AS	43	68.4%	23.1%	2.93	18 MNOK
18	Ylvind Holding AS	42	75.4%	18.3%	3.42	25 MNOK
19	Glis Holding AS	42	76.4%	15.5%	3.36	21 MNOK
20	Fürst Holding AS	41	83.8%	10.8%	1.13	1,708 MNOK

Show all 30

Rank	Company	Score	Total assets
21	Aukland Holding AS	40	37 MNOK
22	Bch Holding AS	40	17 MNOK
23	Coperio Holding AS	39	193 MNOK
24	M Sørensen Holding AS	38	61 MNOK
25	Børseth Invest AS	38	11 MNOK
26	Endre Hodneland Holding AS	37	17 MNOK
27	M&V Holding AS	28	1,293 MNOK
28	Gatty Holding AS	21	22 MNOK
29	Link Holding AS	18	129 MNOK
30	Pepper Holding AS	13	30 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. 7 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 −10.4%.

Based on the 6 fiscal years we have. The analysis grows as more years are fetched or imported.

Fiscal year	Median operating margin	Median equity ratio
2021	–	–
2022	4.7%	34.5%
2023	7.7%	41.7%
2024	7.1%	43.2%
2025	6.5%	43.6%
2026 · weakest year	−10.4%	10.8%

In 2026, 0 ranked companies did better than the sector, 1 about the same and 0 weaker.

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 fell 0.6 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	–	4.7%	7.7%	7.1%	6.5%	−10.4%

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 fell 0.6 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	–	4.7%	7.7%	7.1%	6.5%	−10.4%

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

When policy rate fell in 2025, 896 of 1,877 ranked companies kept their operating margin at or above the year before. Among the largest: Lovisenberg Diakonale Sykehus AS (1.9% → 2.4%), Diakonhjemmet Sykehus AS (1.5% → 2.8%), Aleris Helse AS (11.9% → 13.7%), Ecura BO og Habilitering AS (4.6% → 6.2%), Lovisenberg Omsorg AS (−3.0% → 0.1%).

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: 39,697; +0.7% from 2023
Persons employed: 127,429; +1.3% from 2023
Turnover: NOK 140.5 bn; +7.0% from 2023
Gross operating margin: 22.7%; Gross operating surplus divided by turnover

All enterprises, sole proprietorships included. SSB withholds some figures for confidentiality. The figure then shows the latest year with every value, and the year is given beside it.

Bankruptcies in the industry

54 enterprise bankruptcies in the last four quarters (2025K4–2026K3). Change +20.0% against the four quarters before (45). That is about 1.4 per 1,000 enterprises.

Source: Statistics Norway (SSB), table 12910, table 10790. 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

Abra Dental AS 931185659 Voluntary liquidation · 3 November 2026 · 0 MNOK (2025)
EMPATHY INCLUDED - IDEELT AKSJESELSKAP 933546217 Voluntary liquidation · 2 November 2026 · 0 MNOK (2025)
Helsesenteret Instebø AS 931817531 Bankruptcy · 2 November 2026 · 14 MNOK (2025)
Velura Klinikk AS 922273642 Voluntary liquidation · 2 November 2026 · 0 MNOK (2025)
Agens Helse AS 932951576 Voluntary liquidation · 31 October 2026 · 1 MNOK (2025)
Din Helsevenn AS 823320132 Voluntary liquidation · 31 October 2026 · 0 MNOK (2025)
Din Samtale Viken AS 925893943 Voluntary liquidation · 31 October 2026 · 0 MNOK (2025)
Fotklinikken Halden AS 919213442 Voluntary liquidation · 31 October 2026 · 0 MNOK (2025)

All bankruptcies and liquidations in the sector

Industry codes (NACE)

Code	Description
86*	Hele hovedgruppe 86
86.101	Somatiske sykehustjenester
86.102	Psykiatriske sykehustjenester for voksne
86.103	Spesialisert rusbehandling
86.104	Psykiatriske sykehustjenester for barn og ungdom
86.210	Allmennlegetjenester
86.221	Spesialiserte legetjenester, unntatt psykiatriske legetjenester
86.222	Psykiatriske legetjenester
86.230	Tannlegetjenester
86.910	Medisinske laboratorietjenester og bildediagnostikk
86.921	Ambulansetransport unntatt luftambulanse
86.922	Luftambulansetransport med fly eller helikopter
86.930	Psykolog- og psykoterapitjenester, unntatt legetjenester innenfor psykiatri
86.941	Sykepleietjenester og andre helsetjenester i hjemmet
86.942	Helsestasjons- og skolehelsetjenester
86.950	Fysioterapi- og ergoterapitjenester
86.960	Aktiviteter innenfor tradisjonell, komplementær og alternativ medisin
86.970	Formidlingstjenester tilknyttet lege-, tannlegetjenester og andre helsetjenester
86.991	Ortopedi- og fotterapitjenester
86.992	Forebyggende helsearbeid
86.993	Andre helsetjenester ellers
87*	Hele hovedgruppe 87
87.101	Tjenester i spesialinstitusjon innenfor helse- og omsorg
87.102	Sykehjemstjenester
87.104	Tjenester i avlastningsboliger/-institusjoner
87.106	Helse- og omsorgstjenester i bofelleskap, samlokaliserte omsorgsboliger og lignende
87.201	Omsorgstjenester i botilbud for personer med psykiske helseproblemer og/eller rusmiddelproblemer
87.202	Omsorgstjenester i botilbud for personer med utviklingshemming eller med tilsvarende funksjonsnedsettelse
87.300	Omsorgstjenester i botilbud for eldre eller personer med fysisk funksjonsnedsettelse
87.991	Tjenester i barneverninstitusjoner
87.992	Asylmottakstjenester
87.999	Andre botilbud innenfor sosiale tjenester ikke nevnt annet sted
88*	Hele hovedgruppe 88
88.101	Praktisk bistand i hjemmet
88.102	Dagaktivitetstilbud tilpasset målgrupper
88.103	Tjenester i seniorsentre
88.104	Brukerstyrt personlig assistanse (bpa)
88.105	Avlastning utenfor institusjon
88.106	Støttekontakt- og besøkstjeneste
88.910	Dagaktivitetstilbud for barn
88.991	Barneverntjenester
88.992	Familieverntjenester
88.993	Arbeidstrening og varig tilrettelagt arbeid
88.994	Velferdstjenester til sårbare grupper
88.996	Andre sosialtjenester uten botilbud ellers