Sector

Revisjon, regnskap og rådgivning

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

Morning company class

Morning company classes are our own division by revenue, not an official standard: Micro NOK 1m–10 MNOK, Small 10 MNOK–50 MNOK, Medium 50 MNOK–500 MNOK, Large from 500 MNOK. Companies are ranked only against others in the same class, and every figure below is for the class you have chosen. What are Morning company classes?

Ranking · 2022 · Morning class Micro

Morning class Micro · 2022
#	Company	Profile	Score	Change
1	Hollr AS	Leader	82	–
2	Ant AS	Leader	81	–
3	Executive Decision Support AS	Leader	77	–
4	Akkvir AS	Steward	70	–
5	Cim AS	Leader	54	+7
6	Move Forward AS	Steward	53	–
7	Poort Consulting AS	Sprinter	48	−5
8	Dagh Consulting AS	Sprinter	42	–
9	Alvergruppen AS	Sprinter	42	–
10	Asker og Bærum Consult AS	Builder	25	–
11	Thaloran AS	Builder	23	–
12	Rao AS	Builder	2	–

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 Micro

Cim AS
From 2021 to 2022: the operating margin fell from 19.0% to 15.3% and revenue grew by 11%.
+7
Poort Consulting AS
From 2021 to 2022: the operating margin rose from 24.6% to 28.2%.
−5

Top lists in the sector · 2022 · Morning class Micro

The five largest companies account for 44% of the sector's revenue. Combined profit before tax for the 12 ranked companies: 13 MNOK.

Size

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

Highest revenue

Cim AS 8 MNOK
Alvergruppen AS 5 MNOK
Asker og Bærum Consult AS 4 MNOK
Rao AS 2 MNOK
Executive Decision Support AS 2 MNOK

Operating revenue.

Most employees

No company meets the requirement this year.

Employees according to the Central Coordinating Register.

Highest revenue per employee

No company meets the requirement this year.

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

Executive Decision Support AS 52.4%
Hollr AS 34.3%
Poort Consulting AS 28.2%
Dagh Consulting AS 17.6%
Cim AS 15.3%

Operating result divided by operating revenue.

Largest profit

Ant AS 12 MNOK
Akkvir AS 3 MNOK
Cim AS 1 MNOK
Executive Decision Support AS 1 MNOK
Hollr AS 1 MNOK

Profit before tax.

Largest loss

Alvergruppen AS −5 MNOK
Rao AS 0 MNOK
Move Forward AS 0 MNOK
Asker og Bærum Consult AS 0 MNOK

Profit before tax, the largest negative.

Most solid

Hollr AS 100.0%
Ant AS 99.4%
Akkvir AS 99.3%
Move Forward AS 79.2%
Executive Decision Support AS 65.2%

Equity ratio: equity divided by total assets.

Growth and movement

Who grows and falls the most in revenue, and who has climbed or fallen the most on the index since the year before.

Fastest growth

No company meets the requirement this year.

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

Largest revenue decline

No company meets the requirement this year.

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

Biggest climbers

Cim AS +7.1 points

Change in index points from the year before.

Biggest fallers

Poort Consulting AS −4.5 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 · 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.

Bubble size shows relative revenue, not exact figures. Dashed lines show where the 2 companies that moved most stood in 2021 (small ring).

Cim AS profitability 0 → 55, solidity 100 → 52
Poort Consulting AS profitability 100 → 73, solidity 0 → 33

Lion · LeaderHigh profitability, high solidity
Cheetah · SprinterHigh profitability, lower solidity
Elephant · StewardLower profitability, high solidity
Beaver · BuilderLower profitability, lower solidity

Show the positions as a list

Company	Profile	Profitability	Solidity	In 2021 (profitability / solidity)
Executive Decision Support AS	Lion	100	62	–
Dagh Consulting AS	Cheetah	73	14	–
Poort Consulting AS	Cheetah	73	33	100 / 0
Hollr AS	Lion	64	100	–
Ant AS	Lion	55	90	–
Cim AS	Lion	55	52	0 / 100
Alvergruppen AS	Cheetah	55	43	–
Akkvir AS	Elephant	45	81	–
Thaloran AS	Beaver	36	5	–
Asker og Bærum Consult AS	Beaver	27	24	–
Move Forward AS	Elephant	14	71	–
Rao AS	Beaver	5	0	–

The sector in numbers

Summary · fiscal year 2022 · Morning class Micro

The sector's median operating margin is 4.4%. 12 of 55 companies have negative equity. The median equity ratio is 40.2%.

Companies with accounts55

Total revenue86 MNOK

Median operating margin4.4%

Median equity ratio40.2%

Share with a loss33%

Share with negative equity22%

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

Climbers and fallers · Morning class Micro

Change in rank from 2021 to 2022, for 2 companies ranked in both years.

Climbers

None.

Fallers

6Poort Consulting ASfrom rank 1 to 748
3Cim ASfrom rank 2 to 554

Awards · 2022 · Morning class Micro

Most profitableExecutive Decision Support AS52.4%

Fastest growthCim AS10.7%

Strongest balance sheetHollr AS100.0%

Largest revenueCim AS8 MNOK

Needs attention · 2022 · Morning class Micro

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

criticalRao ASNegative equity · Current ratio below 1 (0.04) · Loss before tax
criticalWute ASNegative equity · Current ratio below 1 (0.64) · Loss before tax
criticalMdco Rådgivning ASNegative equity · Current ratio below 1 (0.14) · Loss before tax
criticalShadow Company ASNegative equity · Current ratio below 1 (0.79) · Loss before tax
criticalThe New Company ASNegative equity · Current ratio below 1 (0.04) · Loss before tax
criticalBjørgvin Kapital ASNegative equity · Current ratio below 1 (0.76) · Loss before tax
criticalIban ASNegative equity · Current ratio below 1 (0.16)
criticalI.A.Vik ASNegative equity · Current ratio below 1 (0.14)
criticalH Capital ASNegative equity · Current ratio below 1 (0.01)
criticalBedriftenes Rådgivningskontor ASNegative equity · Current ratio below 1 (0.40)
criticalThe New Venture ASNegative equity · Current ratio below 1 (−3.09)
criticalDraupne Consult ASNegative equity · Current ratio below 1 (0.20)
watchHÆGLAND & Svanberg ASCurrent ratio below 1 (0.88) · Loss before tax
watchQuest Executive Search ASVery low equity ratio (1.3%) · Loss before tax
watchAlvergruppen ASCurrent ratio below 1 (0.66) · 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.

Show the map's figures as a table

Company	Operating margin	Equity ratio	Revenue
Hollr AS	34.3%	100.0%	2 MNOK
Ant AS	−8.0%	99.4%	2 MNOK
Executive Decision Support AS	52.4%	65.2%	2 MNOK
Akkvir AS	−44.0%	99.3%	1 MNOK
Cim AS	15.3%	44.3%	8 MNOK
Move Forward AS	−11.3%	79.2%	1 MNOK
Poort Consulting AS	28.2%	19.2%	1 MNOK
Dagh Consulting AS	17.6%	5.9%	2 MNOK
Alvergruppen AS	6.8%	36.0%	5 MNOK
Asker og Bærum Consult AS	−1.2%	11.6%	4 MNOK
Thaloran AS	2.0%	0.7%	2 MNOK
Rao AS	−12.9%	−2,231.2%	2 MNOK

Holding and investment companies · 2022

4 companies in the sector are holding or investment companies. They are kept out of the ranking above, since revenue, margins and growth say little about a company that lives from ownership. They are ranked on their own here: 2 have at least 10 MNOK in assets and are listed.

Holding and investment companies
Rank	Company	Score	Equity ratio	Return on assets	Current ratio	Total assets
1	Gks Holding AS	100	73.1%	61.9%	50.54	15 MNOK
2	Fiala Holding AS	0	39.1%	11.5%	0.36	25 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

Property and finance earn the margins, but not the securityNo. 6 of 22 on median operating margin
Boards of water, mining and shipping firms are oldest; IT and construction youngestNo. 11 of 22 on median board age

All articles

Scenario analysis: the sector's weakest year

The sector's weakest year was 2022, with a median operating margin of 7.4%.

Based on the 7 fiscal years we have. The analysis grows as more years are fetched or imported.

Fiscal year	Median operating margin	Median equity ratio
2020	–	–
2021	21.8%	31.4%
2022 · weakest year	7.4%	34.5%
2023	10.1%	40.2%
2024	10.3%	38.5%
2025	10.0%	38.4%
2026	14.1%	55.8%

In 2022, 9 ranked companies did better than the sector, 4 about the same and 4 weaker.

Held up best in 2022

1Executive Decision Support ASequity ratio 65.2%52.4%
2Hollr ASequity ratio 100.0%34.3%
3Poort Consulting ASequity ratio 19.2%28.2%
4Dagh Consulting ASequity ratio 5.9%17.6%
5Cim ASequity ratio 44.3%15.3%
6Cuma Event ASequity ratio 8.2%13.0%
7Bearingpoint Norway ASequity ratio 34.5%10.1%
8Front Innovation ASequity ratio 5.8%9.8%
9Lighthouse Finance ASequity ratio 3.3%7.4%

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 0.3 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	21.8%	7.4%	10.1%	10.3%	10.0%	14.1%

Source: SSB (14710, CC BY 4.0). Source · fetched 4 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 0.3 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	21.8%	7.4%	10.1%	10.3%	10.0%	14.1%

Source: Norges Bank (IR, NLOD 2.0). Source · fetched 4 November 2026

When policy rate fell in 2025, 820 of 1,613 ranked companies kept their operating margin at or above the year before. Among the largest: BDO AS (10.4% → 43.2%), Pricewaterhousecoopers AS (21.1% → 24.3%), ERNST & Young AS (1.8% → 2.3%), KPMG AS (13.4% → 13.9%), Wikborg Rein Advokatfirma AS (50.0% → 52.1%).

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: 27,548; +3.5% from 2023
Persons employed: 76,475; +3.2% from 2023
Turnover: NOK 174.3 bn; +6.4% from 2023
Gross operating margin: 4.9%; Gross operating surplus divided by turnover

All enterprises, sole proprietorships included.

Bankruptcies in the industry

102 enterprise bankruptcies in the last four quarters (2025K4–2026K3). Change −2.9% against the four quarters before (105). That is about 3.7 per 1,000 enterprises.

Foreign-controlled enterprises · 2024

Share of enterprises: 2.6%
Share of persons employed: 19.6%
Share of turnover: 25.9%

SSB publishes this for groups of industries only. The figures are for the group “Faglig, vitenskapelig og teknisk tjenesteyting”.

Turnover index · Juridisk og regnskapsmessig tjenesteyting

155.7 index, 2021 = 100, seasonally adjusted · 2026M08
+13.2% 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

Fiala Regnskap AS 983150187 Bankruptcy · 3 November 2026
Borge Lean Consulting AS 926817876 Voluntary liquidation · 2 November 2026 · 0 MNOK (2025)
Hydrobatt AS 924634227 Forced dissolution · 2 November 2026 · 0 MNOK (2023)
NEXT STEP ESG 7.0. AS 932542552 Forced dissolution · 2 November 2026
AN Consult AS 933274861 Voluntary liquidation · 31 October 2026 · 1 MNOK (2025)
Beechwood Consulting AS 920463096 Voluntary liquidation · 31 October 2026 · 0 MNOK (2025)
Bluecorp AS 918908242 Voluntary liquidation · 31 October 2026 · 6 MNOK (2024)
Clear Insight AS 937950268 Voluntary liquidation · 31 October 2026

All bankruptcies and liquidations in the sector

Industry codes (NACE)

Code	Description
69*	Hele hovedgruppe 69
69.100	Juridisk tjenesteyting
69.201	Revisjon
69.202	Regnskapsføring og bokføring
69.203	Skatterådgivning
70*	Hele hovedgruppe 70
70.200	Bedriftsrådgivning og annen administrativ rådgivning