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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 Micro

Morning class Micro · 2022
#CompanyProfileScoreChangeFive years
1 Mattis Mat AS Leader 97 –
2 Asian Wok AS Leader 93 –
3 Burger'n AS Leader 86 –
4 Makalaus AS Leader 81 –
5 Vats Fjellstue AS Leader 77 –
6 Meierigaarden Kro og Selskapslokaler AS Leader 70 –
7 Monte Rosa AS Steward 66 –
8 GREEK & Grill AS Sprinter 60 –
9 Mai Sushi AS Sprinter 59 –
10 Kocu Eiendom AS Sprinter 58 –
11 Båtsfjord Hotell AS Leader 56 –
12 Oishi AS Steward 56 –
13 Kakudai Sushi AS Steward 55 –
14 Steigen Vikingstue AS Sprinter 55 –
15 Royal Sushi AS Steward 50 –
16 Pranee Thai Mat Take Away AS Sprinter 41 –
17 City Housing AS Builder 40 –
18 Osensjøen Båt og Caravan AS Builder 40 –
19 Gådjå Etiopisk Restaurant AS Builder 39 –
20 CHINA - Restaurant AS Steward 38 –
21 Kozeriet AS Sprinter 37 –
22 Havly Hotell Stavanger AS Sprinter 31 –
23 Tony's Matglede AS Sprinter 30 –
24 Ljabru Grill AS Builder 25 –
25 ALIBABA GRILL & Pizza AS Sprinter 24 –
26 Skåbu Industri AS Builder 22 –
27 Baron Vestfold AS Builder 19 –
28 Valdres Fjellhotell AS Builder 10 –
29 Bryggmester Bob AS Builder 9 –
30 Peloton Skøyen AS Builder 8 –
31 Stig Inn Lier AS Builder 5 –
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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 Micro

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 Micro

The five largest companies account for 16% of the sector's revenue. Combined profit before tax for the 31 ranked companies: −6 MNOK.

Highest revenue

  1. Havly Hotell Stavanger AS 10 MNOK
  2. Bryggmester Bob AS 9 MNOK
  3. Baron Vestfold AS 9 MNOK
  4. Peloton Skøyen AS 9 MNOK
  5. Meierigaarden Kro og Selskapslokaler AS 9 MNOK

Operating revenue.

Highest operating margin

  1. Mattis Mat AS 40.8%
  2. Asian Wok AS 30.5%
  3. GREEK & Grill AS 27.4%
  4. Mai Sushi AS 18.8%
  5. Kozeriet AS 13.3%

Operating result divided by operating revenue.

Largest profit

  1. Mattis Mat AS 2 MNOK
  2. Asian Wok AS 2 MNOK
  3. Mai Sushi AS 1 MNOK
  4. Makalaus AS 1 MNOK
  5. Båtsfjord Hotell AS 1 MNOK

Profit before tax.

Largest loss

  1. Skåbu Industri AS −5 MNOK
  2. City Housing AS −3 MNOK
  3. Baron Vestfold AS −1 MNOK
  4. Bryggmester Bob AS −1 MNOK
  5. Peloton Skøyen AS −1 MNOK

Profit before tax, the largest negative.

Most solid

  1. Mattis Mat AS 80.2%
  2. Asian Wok AS 70.4%
  3. Monte Rosa AS 63.1%
  4. Burger'n AS 62.7%
  5. Makalaus AS 61.2%

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. Peloton Skøyen AS 47
  2. CHINA - Restaurant AS 32
  3. Meierigaarden Kro og Selskapslokaler AS 28
  4. Mattis Mat AS 22
  5. Royal Sushi AS 19

Employees according to the Central Coordinating Register.

Highest revenue per employee

  1. Havly Hotell Stavanger AS 1.2 MNOK
  2. Asian Wok AS 1.2 MNOK
  3. Ljabru Grill AS 1.1 MNOK
  4. Kakudai Sushi AS 1.0 MNOK
  5. Monte Rosa AS 0.9 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 Micro

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.

Havly Hotell Stavanger AS: 50 / 0Bryggmester Bob AS: 10 / 0Baron Vestfold AS: 12 / 0Peloton Skøyen AS: 13 / 0Meierigaarden Kro og Selskapslokaler AS: 65 / 73Båtsfjord Hotell AS: 67 / 60Kocu Eiendom AS: 72 / 47Royal Sushi AS: 33 / 56Makalaus AS: 80 / 82Asian Wok AS: 97 / 96Gådjå Etiopisk Restaurant AS: 43 / 24Kakudai Sushi AS: 30 / 69Ljabru Grill AS: 37 / 0Stig Inn Lier AS: 5 / 0TONY'S Matglede AS: 63 / 0Mai Sushi AS: 90 / 29Mattis Mat AS: 93 / 100Oishi AS: 43 / 64Monte Rosa AS: 23 / 91CHINA - Restaurant AS: 20 / 51Osensjøen Båt og Caravan AS: 43 / 20Skåbu Industri AS: 13 / 0Steigen Vikingstue AS: 58 / 33Pranee Thai Mat Take Away AS: 55 / 0BURGER'N AS: 80 / 87Vats Fjellstue AS: 77 / 78City Housing AS: 13 / 42Kozeriet AS: 90 / 0GREEK & Grill AS: 97 / 38Valdres Fjellhotell AS: 10 / 0ALIBABA GRILL & Pizza AS: 67 / 000252550507575100100Solidity, percentile against peers →↑ Profitability, percentile against peers
Havly Hotell Stavanger AS: 50 / 0Bryggmester Bob AS: 10 / 0Baron Vestfold AS: 12 / 0Peloton Skøyen AS: 13 / 0Meierigaarden Kro og Selskapslokaler AS: 65 / 73Båtsfjord Hotell AS: 67 / 60Kocu Eiendom AS: 72 / 47Royal Sushi AS: 33 / 56Makalaus AS: 80 / 82Asian Wok AS: 97 / 96Gådjå Etiopisk Restaurant AS: 43 / 24Kakudai Sushi AS: 30 / 69Ljabru Grill AS: 37 / 0Stig Inn Lier AS: 5 / 0TONY'S Matglede AS: 63 / 0Mai Sushi AS: 90 / 29Mattis Mat AS: 93 / 100Oishi AS: 43 / 64Monte Rosa AS: 23 / 91CHINA - Restaurant AS: 20 / 51Osensjøen Båt og Caravan AS: 43 / 20Skåbu Industri AS: 13 / 0Steigen Vikingstue AS: 58 / 33Pranee Thai Mat Take Away AS: 55 / 0BURGER'N AS: 80 / 87Vats Fjellstue AS: 77 / 78City Housing AS: 13 / 42Kozeriet AS: 90 / 0GREEK & Grill AS: 97 / 38Valdres Fjellhotell AS: 10 / 0ALIBABA GRILL & Pizza AS: 67 / 000252550507575100100Solidity, 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)
Asian Wok ASLion9796–
GREEK & Grill ASCheetah9738–
Mattis Mat ASLion93100–
Mai Sushi ASCheetah9029–
Kozeriet ASCheetah900–
Burger'n ASLion8087–
Makalaus ASLion8082–
Vats Fjellstue ASLion7778–
Kocu Eiendom ASCheetah7247–
Båtsfjord Hotell ASLion6760–
ALIBABA GRILL & Pizza ASCheetah670–
Meierigaarden Kro og Selskapslokaler ASLion6573–
Tony's Matglede ASCheetah630–
Steigen Vikingstue ASCheetah5833–
Pranee Thai Mat Take Away ASCheetah550–
Havly Hotell Stavanger ASCheetah500–
Oishi ASElephant4364–
Osensjøen Båt og Caravan ASBeaver4320–
Gådjå Etiopisk Restaurant ASBeaver4324–
Ljabru Grill ASBeaver370–
Royal Sushi ASElephant3356–
Kakudai Sushi ASElephant3069–
Monte Rosa ASElephant2391–
CHINA - Restaurant ASElephant2051–
Skåbu Industri ASBeaver130–
Peloton Skøyen ASBeaver130–
City Housing ASBeaver1342–
Baron Vestfold ASBeaver120–
Valdres Fjellhotell ASBeaver100–
Bryggmester Bob ASBeaver100–
Stig Inn Lier ASBeaver50–
The sector in numbers

Summary · fiscal year 2022 · Morning class Micro

The sector's median operating margin is −0.1%. 34 of 77 companies have negative equity. The median equity ratio is 9.7%.

Companies with accounts77
Total revenue294 MNOK
Median operating margin−0.1%
Median equity ratio9.7%
Share with a loss64%
Share with negative equity44%

All figures are for fiscal year 2022. Ranked: 31 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 Micro

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

Awards · 2022 · Morning class Micro

Most profitableMattis Mat AS40.8%
Strongest balance sheetMattis Mat AS80.2%
Largest revenueHavly Hotell Stavanger AS10 MNOK
Highest revenue per employeeHavly Hotell Stavanger AS1.2 MNOK

Needs attention · 2022 · Morning class Micro

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

  • criticalBryggmester Bob ASNegative equity · Current ratio below 1 (0.75) · Loss before tax
  • criticalBaron Vestfold ASNegative equity · Current ratio below 1 (0.78) · Loss before tax
  • criticalLibe ASNegative equity · Current ratio below 1 (0.65) · Loss before tax
  • criticalPeloton Skøyen ASNegative equity · Current ratio below 1 (0.27) · Loss before tax
  • criticalGeko Tapperiet ASNegative equity · Current ratio below 1 (0.38) · Loss before tax
  • criticalRødberg Hotelldrift ASNegative equity · Current ratio below 1 (0.39) · Loss before tax
  • criticalLjabru Grill ASNegative equity · Current ratio below 1 (0.74) · Loss before tax
  • criticalStig Inn Lier ASNegative equity · Current ratio below 1 (0.27) · Loss before tax
  • criticalORKDAL GRILL & Pizza ASNegative equity · Current ratio below 1 (0.89) · Loss before tax
  • criticalAltapizza ASNegative equity · Current ratio below 1 (0.27) · Loss before tax
  • criticalDahl96 ASNegative equity · Current ratio below 1 (0.61) · Loss before tax
  • criticalPallaska ASNegative equity · Current ratio below 1 (0.29) · Loss before tax
  • criticalNesta Foods Norge ASNegative equity · Current ratio below 1 (0.35) · Loss before tax
  • criticalFavoritt Pizza og Grill ASNegative equity · Current ratio below 1 (0.66) · Loss before tax
  • criticalBabbo Collective Øvrefoss ASNegative equity · Current ratio below 1 (0.40) · Loss before tax

Sector map · 2022 · Morning class Micro

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.

−150%−100%−50%0%−150%−100%−50%0%50%Operating margin (profitability) →Equity ratio (solidity) →Havly Hotell Stavanger AS: operating margin −0.1%, equity ratio −77.9%, rank 22Bryggmester Bob AS: operating margin −12.8%, equity ratio −347.2%, rank 29Baron Vestfold AS: operating margin −15.3%, equity ratio −8.9%, rank 27Peloton Skøyen AS: operating margin −11.5%, equity ratio −129.5%, rank 30Meierigaarden Kro og Selskapslokaler AS: operating margin 3.5%, equity ratio 55.7%, rank 6Båtsfjord Hotell AS: operating margin 8.2%, equity ratio 35.8%, rank 11Kocu Eiendom AS: operating margin 8.3%, equity ratio 18.3%, rank 10Royal Sushi AS: operating margin −1.8%, equity ratio 35.5%, rank 15Makalaus AS: operating margin 10.6%, equity ratio 61.2%, rank 4Asian Wok AS: operating margin 30.5%, equity ratio 70.4%, rank 2Gådjå Etiopisk Restaurant AS: operating margin −0.4%, equity ratio 4.8%, rank 19Kakudai Sushi AS: operating margin −4.4%, equity ratio 48.4%, rank 13Ljabru Grill AS: operating margin −1.2%, equity ratio −9.4%, rank 24Stig Inn Lier AS: operating margin −16.6%, equity ratio −131.7%, rank 31TONY'S Matglede AS: operating margin 1.3%, equity ratio −55.8%, rank 23Mai Sushi AS: operating margin 18.8%, equity ratio 8.1%, rank 9Mattis Mat AS: operating margin 40.8%, equity ratio 80.2%, rank 1Oishi AS: operating margin −1.1%, equity ratio 37.7%, rank 12Monte Rosa AS: operating margin −5.9%, equity ratio 63.1%, rank 7CHINA - Restaurant AS: operating margin −7.1%, equity ratio 22.7%, rank 20Osensjøen Båt og Caravan AS: operating margin −1.2%, equity ratio 0.3%, rank 18Skåbu Industri AS: operating margin −152.7%, equity ratio −40.8%, rank 26Steigen Vikingstue AS: operating margin 3.2%, equity ratio 9.7%, rank 14Pranee Thai Mat Take Away AS: operating margin 1.1%, equity ratio −0.6%, rank 16BURGER'N AS: operating margin 8.8%, equity ratio 62.7%, rank 3Vats Fjellstue AS: operating margin 5.7%, equity ratio 56.8%, rank 5City Housing AS: operating margin −149.3%, equity ratio 13.4%, rank 17Kozeriet AS: operating margin 13.3%, equity ratio −62.6%, rank 21GREEK & Grill AS: operating margin 27.4%, equity ratio 11.9%, rank 8Valdres Fjellhotell AS: operating margin −22.3%, equity ratio −49.7%, rank 28ALIBABA GRILL & Pizza AS: operating margin 3.2%, equity ratio −185.4%, rank 25
Show the map's figures as a table
CompanyOperating marginEquity ratioRevenue
Mattis Mat AS40.8%80.2%5 MNOK
Asian Wok AS30.5%70.4%6 MNOK
Burger'n AS8.8%62.7%2 MNOK
Makalaus AS10.6%61.2%6 MNOK
Vats Fjellstue AS5.7%56.8%2 MNOK
Meierigaarden Kro og Selskapslokaler AS3.5%55.7%9 MNOK
Monte Rosa AS−5.9%63.1%4 MNOK
GREEK & Grill AS27.4%11.9%1 MNOK
Mai Sushi AS18.8%8.1%5 MNOK
Kocu Eiendom AS8.3%18.3%8 MNOK
Båtsfjord Hotell AS8.2%35.8%8 MNOK
Oishi AS−1.1%37.7%5 MNOK
Kakudai Sushi AS−4.4%48.4%6 MNOK
Steigen Vikingstue AS3.2%9.7%2 MNOK
Royal Sushi AS−1.8%35.5%6 MNOK
Pranee Thai Mat Take Away AS1.1%−0.6%2 MNOK
City Housing AS−149.3%13.4%2 MNOK
Osensjøen Båt og Caravan AS−1.2%0.3%3 MNOK
Gådjå Etiopisk Restaurant AS−0.4%4.8%6 MNOK
CHINA - Restaurant AS−7.1%22.7%4 MNOK
Kozeriet AS13.3%−62.6%2 MNOK
Havly Hotell Stavanger AS−0.1%−77.9%10 MNOK
Tony's Matglede AS1.3%−55.8%5 MNOK
Ljabru Grill AS−1.2%−9.4%6 MNOK
ALIBABA GRILL & Pizza AS3.2%−185.4%1 MNOK
Skåbu Industri AS−152.7%−40.8%3 MNOK
Baron Vestfold AS−15.3%−8.9%9 MNOK
Valdres Fjellhotell AS−22.3%−49.7%1 MNOK
Bryggmester Bob AS−12.8%−347.2%9 MNOK
Peloton Skøyen AS−11.5%−129.5%9 MNOK
Stig Inn Lier AS−16.6%−131.7%5 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