Vann, avløp og renovasjon
FollowDownload sector report (PDF)5 companies ranked against comparable companies in four Morning company classes. Fiscal year 2022. Source: Brønnøysund Register Centre. Methodology
Ranking · 2022 · Morning class Medium
Too few companies in this class (1, at least 10 needed) for a ranking of its own. They are compared with the whole sector.
| # | Company | Score | Change |
|---|---|---|---|
| 1 | Follo Truckutleie A/S | 67 | – |
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 Medium
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 Medium
Combined profit before tax for the 1 ranked companies: 1 MNOK.
Size
The largest by revenue and employees, and who earns the most per employee.
Highest revenue
- Follo Truckutleie A/S 63 MNOK
Operating revenue.
Most employees
Employees according to the Central Coordinating Register.
Highest revenue per employee
- Follo Truckutleie A/S 2.4 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
Operating result divided by operating revenue.
Largest profit
- Follo Truckutleie A/S 1 MNOK
Profit before tax.
Largest loss
No company meets the requirement this year.
Profit before tax, the largest negative.
Most solid
- Follo Truckutleie A/S 53.2%
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
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.
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.
Positions in the sector · 2022 · Morning class Medium
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.
Too few ranked companies to draw the map.
Summary · fiscal year 2022 · Morning class Medium
The sector's median operating margin is 1.7%. 0 of 1 companies have negative equity. The median equity ratio is 53.2%.
All figures are for fiscal year 2022. Ranked: 1 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 Medium
Climbers need at least two fiscal years. They appear once next year's accounts are fetched or history is imported.
Awards · 2022 · Morning class Medium
Needs attention · 2022 · Morning class Medium
1 companies show at least one warning sign. Showing the 1 most important.
- watchFollo Truckutleie A/SCurrent ratio below 1 (0.85)
Sector map · 2022 · Morning class Medium
Too few ranked companies to draw the map.
In our articles
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- Property and finance earn the margins, but not the securityNo. 13 of 22 on median operating margin
- Boards of water, mining and shipping firms are oldest; IT and construction youngestNo. 1 of 22 on median board age
Scenario analysis: the sector's weakest year
The sector's weakest year was 2022, with a median operating margin of 1.1%.
Based on the 4 fiscal years we have. The analysis grows as more years are fetched or imported.
| Fiscal year | Median operating margin | Median equity ratio |
|---|---|---|
| 2022 · weakest year | 1.1% | 14.8% |
| 2023 | 5.2% | 39.1% |
| 2024 | 5.3% | 39.2% |
| 2025 | 5.7% | 37.0% |
In 2022, 3 ranked companies did better than the sector, 0 about the same and 2 weaker.
Held up best in 2022
- 1TW Zero Loop ASequity ratio 14.8%5.1%
- 2Follo Truckutleie A/Sequity ratio 53.2%1.7%
- 3NG Nordic Norway ASequity ratio 71.1%1.1%
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.
Wholesale power price (øre per kWh)
Wholesale power price rose 9.4% in 2025; the sector's median operating margin rose 0.5 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Wholesale power price, annual average | 64.2 | 141.7 | 72.0 | 49.4 | 54.0 | 96.5 (so far) |
| Change from the year before | +466.7% | +120.8% | −49.2% | −31.4% | +9.4% | +78.4% |
| Sector's median operating margin | – | 1.1% | 5.2% | 5.3% | 5.7% | – |
Source: SSB (09363, CC BY 4.0). Source · fetched 4 November 2026
Consumer price index (indeks (2025 = 100))
Consumer price index rose 3.0% in 2025; the sector's median operating margin rose 0.5 percentage points.
| 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 | – | 1.1% | 5.2% | 5.3% | 5.7% | – |
Source: SSB (14710, CC BY 4.0). Source · fetched 4 November 2026
Policy rate (prosent)
Policy rate fell 0.20 percentage points in 2025; the sector's median operating margin rose 0.5 percentage points.
| 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 | – | 1.1% | 5.2% | 5.3% | 5.7% | – |
Source: Norges Bank (IR, NLOD 2.0). Source · fetched 4 November 2026
When policy rate fell in 2025, 124 of 265 ranked companies kept their operating margin at or above the year before. Among the largest: Infinitum AS (0.3% → 0.3%), Norsk Gjenvinning AS (3.3% → 3.3%), Sar AS (6.0% → 8.8%), Norsk Gjenvinning Metall AS (−3.0% → −0.2%), Bir AS (10.2% → 10.9%).
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
- 1,403
- +2.0% from 2023
- Persons employed
- 11,139
- +4.9% from 2023
- Turnover
- NOK 50.5 bn
- +7.8% from 2023
- Gross operating margin
- 8.4%
- 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
7 enterprise bankruptcies in the last four quarters (2025K4–2026K3). Change 0.0% against the four quarters before (7). That is about 5.0 per 1,000 enterprises.
Foreign-controlled enterprises · 2024
- Share of enterprises
- 3.8%
- Share of persons employed
- 20.7%
- Share of turnover
- 17.4%
SSB publishes this for groups of industries only. The figures are for the group “Vannforsyning, avløp og renovasjon”.
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
- Vakumentreprenøren AS 995810425 Voluntary liquidation · 29 October 2026
- Klean Kode AS 937921268 Bankruptcy · 22 October 2026
- Midt Miljøavfall AS 914844428 Voluntary liquidation · 10 October 2026 · 0 MNOK (2025)
- Øksnevik AS 924771895 Voluntary liquidation · 29 September 2026
- ALVER UTVIKLING & Utleie AS 932115387 Voluntary liquidation · 18 September 2026 · 0 MNOK (2025)
- Kjetil Jegleim AS 892644012 Voluntary liquidation · 18 September 2026 · 0 MNOK (2025)
- Helgerud Deponi AS 832729132 Voluntary liquidation · 17 September 2026
- Retur Plast AS 919899441 Forced dissolution · 15 September 2026 · 0 MNOK (2023)
Industry codes (NACE)
| Code | Description |
|---|---|
| 36* | Hele hovedgruppe 36 |
| 36.000 | Uttak fra kilde, rensing og distribusjon av vann |
| 37* | Hele hovedgruppe 37 |
| 37.000 | Oppsamling og behandling av avløpsvann |
| 38* | Hele hovedgruppe 38 |
| 38.110 | Innsamling av ikke-farlig avfall |
| 38.120 | Innsamling av farlig avfall |
| 38.210 | Materialgjenvinning |
| 38.220 | Energigjenvinning |
| 38.230 | Annen gjenvinning av avfall |
| 38.320 | Drift av deponi og permanent lagring av avfall |
| 38.330 | Annen avfallshåndtering uten gjenvinning |
| 39* | Hele hovedgruppe 39 |
| 39.000 | Miljøutbedring, opprydding og lignende aktivitet |