Vann, avløp og renovasjon ranking 2024

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Benchmarks · fiscal year 2024

Quartiles among the 205 ranked companies, all sizes. Half of them lie between the lower and upper quartile.

Key figure	Lower quartile	Median	Upper quartile
Operating margin	0.7%	5.1%	11.9%
Profit margin	0.2%	4.1%	11.2%
Return on assets	2.7%	8.3%	16.2%
Equity ratio	18.3%	37.5%	55.7%
Debt-to-equity	0.75	1.51	3.65
Current ratio	1.10	1.49	2.26
Revenue growth	1.2%	8.4%	19.0%

Ranked per Morning company class: Large: 18 · Small: 49 · Medium: 98 · Micro: 40. Morning company classes by revenue: Micro 1–10 MNOK, Small 10 MNOK–50 MNOK, Medium 50 MNOK–500 MNOK, Large from 500 MNOK. Methodology

Distribution of the overall index · 2024

Best in each category · 2024

Operating marginHeggvin Alun AS30.7%

Return on assetsAS INDUS KJEMISK TEKNISK FABRIKK60.1%

Equity ratioReno-Vest Bremnes AS94.5%

Current ratioReno-Vest Bremnes AS9.33

Revenue growthHeggvin Alun AS177.7%

Among ranked companies with at least NOK 10m in revenue. Margins and equity ratios above 100 %, a current ratio above 20 and growth from a base below NOK 10m count as one-off effects and are left out.

Ranking · 2024

Morning Enterprise Index 0–100, version 2: every key figure is compared with companies in the same sector and size tier. Click a column heading to sort.

Rank	Company	Class	Index	Operating margin	Equity ratio	Current ratio	Revenue growth	Revenue
1	Noah Solutions ASsubsidiary of Noah AS	Largeno. 1 in the class	86	29.0%	70.0%	1.82	12.0%	826 MNOK
2	Batterigjenvinning AS	Smallno. 1 in the class	82	14.0%	80.3%	2.90	56.7%	18 MNOK
3	Fosen Gjenvinning AS	Smallno. 2 in the class	81	18.3%	87.4%	4.46	15.9%	35 MNOK
4	Kvinnherad Miljøservice AS	Microno. 1 in the class	80	37.4%	79.6%	4.89	131.0%	2 MNOK
5	Minges Anleggsservice AS	Microno. 2 in the class	79	47.9%	84.7%	3.64	72.8%	4 MNOK
6	Jørgen Rasmussen Gruppen Norge AS	Microno. 3 in the class	78	76.8%	80.6%	5.15	0.0%	6 MNOK
7	Retura Østfold AS	Mediumno. 1 in the class	78	5.5%	74.6%	2.66	30.3%	105 MNOK
8	Hermod Teigen AS	Mediumno. 2 in the class	77	14.1%	82.8%	3.31	−12.2%	411 MNOK
9	Retur Næring AS	Mediumno. 3 in the class	77	4.8%	68.5%	3.55	7.4%	56 MNOK
10	Retura Midt AS	Mediumno. 4 in the class	77	12.4%	56.6%	2.05	4.3%	121 MNOK
11	Revac AS	Largeno. 2 in the class	76	10.7%	43.1%	1.50	18.4%	601 MNOK
12	Sirkel Materialgjenvinning AS	Mediumno. 5 in the class	76	17.3%	54.9%	6.24	8.1%	84 MNOK
13	MOHOLT TRANSPORT & Maskin AS	Smallno. 3 in the class	75	27.0%	81.8%	3.36	−13.3%	16 MNOK
14	STRANDA GJENVINNING & Transport AS	Smallno. 4 in the class	75	10.6%	70.2%	2.81	13.8%	32 MNOK
15	Arctic Waste Management AS	Smallno. 5 in the class	75	13.4%	59.7%	2.43	31.9%	23 MNOK
16	Metallco Hallingdal AS	Microno. 4 in the class	75	17.6%	86.5%	6.99	6.6%	2 MNOK
17	Jan Stenersen Transport AS	Smallno. 6 in the class	74	12.6%	72.3%	2.72	7.8%	30 MNOK
18	Hellik Teigen AS	Largeno. 3 in the class	74	7.9%	73.8%	2.79	1.1%	1,441 MNOK
19	Norscrap West AS	Mediumno. 6 in the class	74	14.6%	84.0%	1.98	−5.6%	308 MNOK
20	Høytrykks-Vakta AS	Smallno. 7 in the class	73	11.1%	69.4%	3.09	20.4%	27 MNOK
21	Returstål AS	Microno. 5 in the class	72	49.2%	93.3%	14.87	−67.8%	2 MNOK
22	Metallco Bergen AS	Mediumno. 7 in the class	72	23.1%	40.0%	1.49	15.1%	78 MNOK
23	Viking Gjenvinning AS	Smallno. 8 in the class	72	7.1%	71.2%	3.03	25.0%	13 MNOK
24	NG Nordic Norway AS 2025 missing	Mediumno. 8 in the class	71	11.9%	42.0%	1.71	74.6%	51 MNOK
25	Delehuset AS	Smallno. 9 in the class	70	12.5%	62.1%	2.61	28.5%	25 MNOK
26	Hrs Metallco AS	Mediumno. 9 in the class	70	6.1%	69.1%	3.52	−7.2%	165 MNOK
27	Safeclean AS	Mediumno. 10 in the class	69	14.4%	44.0%	1.37	52.8%	90 MNOK
28	Retura Iris AS	Mediumno. 11 in the class	69	6.1%	50.8%	2.84	9.1%	81 MNOK
29	BJARNE STENSLI & Sønner AS	Microno. 6 in the class	68	21.7%	82.8%	4.27	0.0%	6 MNOK
30	Norsirk AS	Mediumno. 12 in the class	68	2.9%	69.6%	2.69	11.8%	258 MNOK
31	Sunnmøre Transport AS	Mediumno. 13 in the class	68	4.3%	45.7%	1.55	13.8%	90 MNOK
32	Stensli Gjenvinning AS	Mediumno. 14 in the class	68	5.3%	59.1%	1.66	3.4%	113 MNOK
33	F F F Hage og Miljø AS	Mediumno. 15 in the class	68	14.5%	38.3%	1.24	43.9%	85 MNOK
34	Søppelsekk AS	Smallno. 10 in the class	66	12.3%	49.0%	1.69	31.2%	31 MNOK
35	Nordren AS	Largeno. 4 in the class	66	12.0%	41.9%	1.28	8.4%	589 MNOK
36	Harstad Spyleservice AS	Microno. 7 in the class	66	20.3%	57.7%	3.14	1.5%	9 MNOK
37	G-Miljø AS	Mediumno. 16 in the class	65	14.8%	21.5%	1.72	27.1%	121 MNOK
38	Sgt Eigendom AS	Microno. 8 in the class	65	63.3%	56.3%	0.69	450.7%	3 MNOK
39	Vitek Miljø AS	Mediumno. 17 in the class	65	20.0%	25.5%	1.62	11.7%	135 MNOK
40	Ivar Nikoma AS	Smallno. 11 in the class	65	10.4%	71.3%	2.86	−7.5%	26 MNOK
41	Perpetuum AS	Mediumno. 18 in the class	65	13.8%	45.9%	1.77	−4.0%	292 MNOK
42	Reno-Vest Bremnes AS	Smallno. 12 in the class	65	−5.2%	94.5%	9.33	53.3%	14 MNOK
43	Iata Næring AS	Microno. 9 in the class	65	3.1%	95.9%	20.53	−7.3%	8 MNOK
44	Rir Næring AS	Smallno. 13 in the class	65	11.9%	54.9%	2.05	8.5%	44 MNOK
45	Sannidal Miljø og Metall AS	Microno. 10 in the class	64	5.0%	43.6%	1.73	173.0%	3 MNOK
46	Retura NT AS	Mediumno. 19 in the class	64	7.8%	34.4%	1.86	16.0%	113 MNOK
47	Norva24 Gravco AS	Mediumno. 20 in the class	64	4.2%	46.8%	1.65	15.3%	111 MNOK
48	Metallco Oppland ASsubsidiary of Metallco AS	Largeno. 5 in the class	64	5.1%	33.4%	0.98	23.4%	589 MNOK
49	Vartdal Gjenvinning AS	Mediumno. 21 in the class	63	4.2%	85.6%	2.02	−4.8%	305 MNOK
50	Stene Stål Gjenvinning AS	Mediumno. 22 in the class	63	6.8%	54.5%	1.68	−11.8%	229 MNOK

Bankrupt or being wound up

These companies are left out of the ranking.

being wound up 24 Søppel og Flytting AS · last accounts 2025
being wound up ALVER UTVIKLING & Utleie AS · last accounts 2025
bankrupt Buhovd Va-Drift AS · last accounts 2024
bankrupt DALE AVFALL & Miljø AS · last accounts 2022
bankrupt Fjellheimgutu Vann og Avløp AS · last accounts 2023
being wound up Geilo Vannverk AS · last accounts 2025
being wound up Helgerud Deponi AS · last accounts 2025
being wound up Helland Nord AS · last accounts 2025
being wound up Hersjøvann AS · last accounts 2025
being wound up Industrial Water Solutions AS · last accounts 2026
being wound up Kjetil Jegleim AS · last accounts 2025
bankrupt Klean Kode AS
being wound up Løvigen Bådhusforening Va-Drift AS · last accounts 2025
under compulsory liquidation or dissolution Metall Gjenvinning AS
bankrupt Metallgjenvinning AS · last accounts 2024
being wound up Midt Miljøavfall AS · last accounts 2025
bankrupt Miljø Kompetanse AS
being wound up Miljø Sekken AS · last accounts 2025
under compulsory liquidation or dissolution Retur Plast AS · last accounts 2023
being wound up Russmarken VA AS · last accounts 2025
being wound up Serkland AS · last accounts 2025
bankrupt TW Zero Waste AS · last accounts 2024
under compulsory liquidation or dissolution Viken Høytrykksspyling AS · last accounts 2024
being wound up Øksnevik AS · last accounts 2025

About the figures

Only limited companies (AS and ASA) are included. Sole proprietorships are normally not required to file annual accounts and are therefore missing.
The Brønnøysund Register Centre only checks that accounts are filed, not their content. Suspicious figures are flagged on the company page, not hidden.
Figures are company accounts, not group accounts. Holding companies can be marked in admin and then do not count in sector averages.