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Sector

Overnatting og servering

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44 companies ranked against comparable companies in four Morning company classes. Fiscal year 2022. Source: Brønnøysund Register Centre. Methodology

Ranking · 2022 · Morning class Small

Morning class Small · 2022
#CompanyProfileScoreChangeFive years
1 Cesar Bar og Cafe AS Leader 90 –
2 Sandvika Sushi AS Leader 83 –
3 Victoria Pub AS Leader 77 –
4 Vågå Hotel AS Sprinter 59 –
5 Yummy Time Bryne AS Sprinter 54 –
6 BRIS.NO AS Steward 53 –
7 Jafs Sem AS Sprinter 50 –
8 Drøbak Pubdrift AS Sprinter 43 –
9 Alem AS Builder 19 –
10 Grand Taj Restaurant AS Builder 11 –
11 Kebabish Original Oslo AS Builder 8 –
12 Biblioteket Bar AS Builder 2 –
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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

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 Small

The five largest companies account for 38% of the sector's revenue. Combined profit before tax for the 12 ranked companies: 10 MNOK.

Highest revenue

  1. Sandvika Sushi AS 15 MNOK
  2. Vågå Hotel AS 13 MNOK
  3. Kebabish Original Oslo AS 13 MNOK
  4. Biblioteket Bar AS 13 MNOK
  5. Cesar Bar og Cafe AS 13 MNOK

Operating revenue.

Highest operating margin

  1. Sandvika Sushi AS 34.0%
  2. Vågå Hotel AS 21.4%
  3. Cesar Bar og Cafe AS 10.0%
  4. Victoria Pub AS 8.1%
  5. Jafs Sem AS 6.3%

Operating result divided by operating revenue.

Largest profit

  1. Sandvika Sushi AS 5 MNOK
  2. Vågå Hotel AS 3 MNOK
  3. Cesar Bar og Cafe AS 1 MNOK
  4. Victoria Pub AS 1 MNOK
  5. Drøbak Pubdrift AS 1 MNOK

Profit before tax.

Largest loss

  1. Grand Taj Restaurant AS −1 MNOK
  2. Biblioteket Bar AS −1 MNOK
  3. Kebabish Original Oslo AS 0 MNOK

Profit before tax, the largest negative.

Most solid

  1. Cesar Bar og Cafe AS 71.6%
  2. Victoria Pub AS 61.7%
  3. Sandvika Sushi AS 61.5%
  4. BRIS.NO AS 35.6%
  5. Yummy Time Bryne AS 28.3%

Equity ratio: equity divided by total assets.

Fastest growth

No company meets the requirement this year.

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

Largest revenue decline

No company meets the requirement this year.

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

Biggest climbers

Requires an index for two financial years.

Change in index points from the year before.

Biggest fallers

Requires an index for two financial years.

Change in index points from the year before.

Most employees

  1. Biblioteket Bar AS 33
  2. Cesar Bar og Cafe AS 28
  3. Alem AS 21
  4. Victoria Pub AS 16
  5. BRIS.NO AS 13

Employees according to the Central Coordinating Register.

Highest revenue per employee

  1. Kebabish Original Oslo AS 2.6 MNOK
  2. Jafs Sem AS 2.1 MNOK
  3. Drøbak Pubdrift AS 1.3 MNOK
  4. Yummy Time Bryne AS 1.1 MNOK
  5. BRIS.NO AS 0.8 MNOK

Only companies with at least 5 employees.

The lists cover ranked companies in the class: operating companies with at least NOK 1m in revenue, without holding companies and excluded ones. Size lists (revenue, profit, employees) count each group once. Source: Brønnøysund Register Centre. Amounts in other currencies are converted at Norges Bank's rates.

Quadrant analysis

Positions in the sector · 2022 · 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.

Sandvika Sushi AS: 91 / 74Vågå Hotel AS: 91 / 36Kebabish Original Oslo AS: 14 / 0Biblioteket Bar AS: 5 / 0Cesar Bar og Cafe AS: 77 / 100Grand Taj Restaurant AS: 9 / 0Victoria Pub AS: 55 / 87Alem AS: 27 / 0BRIS.NO AS: 41 / 61Jafs Sem AS: 64 / 23Drøbak Pubdrift AS: 77 / 0Yummy Time Bryne AS: 50 / 4800252550507575100100Solidity, percentile against peers →↑ Profitability, percentile against peers
Sandvika Sushi AS: 91 / 74Vågå Hotel AS: 91 / 36Kebabish Original Oslo AS: 14 / 0Biblioteket Bar AS: 5 / 0Cesar Bar og Cafe AS: 77 / 100Grand Taj Restaurant AS: 9 / 0Victoria Pub AS: 55 / 87Alem AS: 27 / 0BRIS.NO AS: 41 / 61Jafs Sem AS: 64 / 23Drøbak Pubdrift AS: 77 / 0Yummy Time Bryne AS: 50 / 4800252550507575100100Solidity, percentile against peers →↑ Profitability, percentile against peers

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
CompanyProfileProfitabilitySolidityIn 2021 (profitability / solidity)
Sandvika Sushi ASLion9174–
Vågå Hotel ASCheetah9136–
Cesar Bar og Cafe ASLion77100–
Drøbak Pubdrift ASCheetah770–
Jafs Sem ASCheetah6423–
Victoria Pub ASLion5587–
Yummy Time Bryne ASCheetah5048–
BRIS.NO ASElephant4161–
Alem ASBeaver270–
Kebabish Original Oslo ASBeaver140–
Grand Taj Restaurant ASBeaver90–
Biblioteket Bar ASBeaver50–
The sector in numbers

Summary · fiscal year 2022 · Morning class Small

The sector's median operating margin is 5.7%. 6 of 18 companies have negative equity. The median equity ratio is 22.4%.

Companies with accounts18
Total revenue243 MNOK
Median operating margin5.7%
Median equity ratio22.4%
Share with a loss17%
Share with negative equity33%

All figures are for fiscal year 2022. Ranked: 12 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 Small

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

Awards · 2022 · Morning class Small

Most profitableSandvika Sushi AS34.0%
Strongest balance sheetCesar Bar og Cafe AS71.6%
Largest revenueSandvika Sushi AS15 MNOK
Highest revenue per employeeKebabish Original Oslo AS2.6 MNOK

Needs attention · 2022 · Morning class Small

9 companies show at least one warning sign. Showing the 9 most important.

Sector map · 2022 · 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.

−5%0%5%10%15%20%−400%−300%−200%−100%0%Operating margin (profitability) →Equity ratio (solidity) →Sandvika Sushi AS: operating margin 34.0%, equity ratio 61.5%, rank 2Vågå Hotel AS: operating margin 21.4%, equity ratio 22.9%, rank 4Kebabish Original Oslo AS: operating margin −2.0%, equity ratio −46.8%, rank 11Biblioteket Bar AS: operating margin −4.0%, equity ratio −402.6%, rank 12Cesar Bar og Cafe AS: operating margin 10.0%, equity ratio 71.6%, rank 1Grand Taj Restaurant AS: operating margin −7.5%, equity ratio −10.7%, rank 10Victoria Pub AS: operating margin 8.1%, equity ratio 61.7%, rank 3Alem AS: operating margin 0.5%, equity ratio −44.2%, rank 9BRIS.NO AS: operating margin 5.2%, equity ratio 35.6%, rank 6Jafs Sem AS: operating margin 6.3%, equity ratio 21.9%, rank 7Drøbak Pubdrift AS: operating margin 6.1%, equity ratio −0.4%, rank 8Yummy Time Bryne AS: operating margin 5.3%, equity ratio 28.3%, rank 5
Show the map's figures as a table
CompanyOperating marginEquity ratioRevenue
Cesar Bar og Cafe AS10.0%71.6%13 MNOK
Sandvika Sushi AS34.0%61.5%15 MNOK
Victoria Pub AS8.1%61.7%12 MNOK
Vågå Hotel AS21.4%22.9%13 MNOK
Yummy Time Bryne AS5.3%28.3%10 MNOK
BRIS.NO AS5.2%35.6%11 MNOK
Jafs Sem AS6.3%21.9%11 MNOK
Drøbak Pubdrift AS6.1%−0.4%10 MNOK
Alem AS0.5%−44.2%11 MNOK
Grand Taj Restaurant AS−7.5%−10.7%13 MNOK
Kebabish Original Oslo AS−2.0%−46.8%13 MNOK
Biblioteket Bar AS−4.0%−402.6%13 MNOK

Scenario analysis: the sector's weakest year

The sector's weakest year was 2022, with a median operating margin of 2.2%.

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––
2021––
2022 · weakest year2.2%12.7%
20232.8%19.4%
20243.3%18.8%
20253.8%21.3%
202611.3%34.6%

In 2022, 18 ranked companies did better than the sector, 4 about the same and 22 weaker.

Held up best in 2022

  1. 1Mattis Mat ASequity ratio 80.2%40.8%
  2. 2Sandvika Sushi ASequity ratio 61.5%34.0%
  3. 3Asian Wok ASequity ratio 70.4%30.5%
  4. 4GREEK & Grill ASequity ratio 11.9%27.4%
  5. 5Vågå Hotel ASequity ratio 22.9%21.4%
  6. 6Mai Sushi ASequity ratio 8.1%18.8%
  7. 7Makalaus ASequity ratio 61.2%10.6%
  8. 8Cesar Bar og Cafe ASequity ratio 71.6%10.0%
  9. 9Burger'n ASequity ratio 62.7%8.8%
  10. 10Kocu Eiendom ASequity ratio 18.3%8.3%

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
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 margin–2.2%2.8%3.3%3.8%11.3%

Source: SSB (14710, CC BY 4.0). Source · fetched 1 November 2026

EUR/NOK (kr)

Latest value: 10.59 (2026-10)

EUR/NOK rose 0.8% in 2025; the sector's median operating margin rose 0.5 percentage points.

EUR/NOK per year and the sector's median operating margin
Measure202120222023202420252026
EUR/NOK, annual average10.1610.1011.4211.6211.7211.04 (so far)
Change from the year before−5.2%−0.6%+13.1%+1.8%+0.8%−5.8%
Sector's median operating margin–2.2%2.8%3.3%3.8%11.3%

Source: Norges Bank (EXR, NLOD 2.0). Source · fetched 1 November 2026

Policy rate (prosent)

Latest value: 4.30 (2026-09)

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
Measure202120222023202420252026
Policy rate, annual average0.081.323.544.504.304.14 (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−0.16 percentage points
Sector's median operating margin–2.2%2.8%3.3%3.8%11.3%

Source: Norges Bank (IR, NLOD 2.0). Source · fetched 1 November 2026

When policy rate fell in 2025, 1,023 of 2,002 ranked companies kept their operating margin at or above the year before. Among the largest: Scandic Hotels AS (6.6% → 8.4%), Radisson Hotels Norway AS (2.5% → 2.5%), Select Service Partner AS (0.3% → 3.8%), Strawberry Services AS (3.2% → 17.4%), 4Service Landanlegg AS (13.7% → 16.5%).

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
13,724
+1.2% from 2023
Persons employed
118,290
+0.6% from 2023
Turnover
NOK 131.9 bn
+6.1% from 2023
Gross operating margin
7.1%
Gross operating surplus divided by turnover

All enterprises, sole proprietorships included.

Bankruptcies in the industry

399 enterprise bankruptcies in the last four quarters (2025K4–2026K3). Change −5.0% against the four quarters before (420). That is about 29.1 per 1,000 enterprises.

1092024K41202025K1982025K2932025K3872025K41142026K11112026K2872026K3

Foreign-controlled enterprises · 2024

Share of enterprises
1.7%
Share of persons employed
13.9%
Share of turnover
18.2%

SSB publishes this for groups of industries only. The figures are for the group “Overnattings- og serveringsvirksomhet”.

Source: Statistics Norway (SSB), table 12910, table 10790, table 08085. CC BY 4.0. Our industry codes (SN2025) are linked to SSB’s (SN2007) with SSB’s correspondence table in Klass.

Latest bankruptcies and liquidations

All bankruptcies and liquidations in the sector

Industry codes (NACE)

CodeDescription
55*Hele hovedgruppe 55
55.100Drift av hoteller
55.200Drift av vandrerhjem og ferieleiligheter
55.300Drift av campingplasser
55.400Formidlingstjenester tilknyttet overnattingsvirksomhet
55.900Annen overnattingsvirksomhet
56*Hele hovedgruppe 56
56.110Drift av restauranter
56.120Drift av mobile serveringssteder
56.210Catering for arrangementer
56.220Kantinedrift og annen cateringvirksomhet
56.300Drift av barer
56.400Formidlingstjenester tilknyttet serveringsvirksomhet