Annen tjenesteyting
FollowDownload sector report (PDF)1,631 companies ranked against comparable companies in four Morning company classes. Fiscal year 2023. Source: Brønnøysund Register Centre. Methodology
Ranking · 2023 · Morning class Large
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 Large
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 · 2023 · Morning class Large
The five largest companies account for 32% of the sector's revenue. Combined profit before tax for the 69 ranked companies: 9,434 MNOK.
Size
The largest by revenue and employees, and who earns the most per employee.
Highest revenue
- Ruter AS 12,191 MNOK
- Norsk Scania AS 7,100 MNOK
- Bilia Norge AS 6,052 MNOK
- Fjellinjen AS 4,526 MNOK
- Ferde AS 4,420 MNOK
Operating revenue.
Most employees
- Nor Tekstil AS 1,648
- Norsk Scania AS 1,343
- Bilia Norge AS 781
- Elis Norge AS 548
- Naf AS 456
Employees according to the Central Coordinating Register.
Highest revenue per employee
- Fjellinjen AS 150.9 MNOK
- Ferde AS 113.3 MNOK
- Kolumbus AS 30.5 MNOK
- Ruter AS 28.8 MNOK
- Atb AS 21.7 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
- Ferde AS 93.7%
- Fjellinjen AS 91.7%
- Vegfinans E18 Vestfold AS 27.0%
- Elis Norge AS 13.4%
- Nor Tekstil AS 12.9%
Operating result divided by operating revenue.
Largest profit
- Fjellinjen AS 4,052 MNOK
- Ferde AS 3,518 MNOK
- Norsk Scania AS 897 MNOK
- Volvo Norge AS 153 MNOK
- Nor Tekstil AS 125 MNOK
Profit before tax.
Largest loss
- Helseplattformen AS −121 MNOK
- Birger N Haug AS −79 MNOK
- Møller Bil Vest AS −29 MNOK
- Bil-Service AS −24 MNOK
- Røhneselmer AS −23 MNOK
Profit before tax, the largest negative.
Most solid
- Naf AS 69.5%
- Bilia Norge AS 67.6%
- Elis Norge AS 60.5%
- Menarmo AS 58.3%
- BERTEL O. Steen Trøndelag AS 54.5%
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 · 2023 · Morning class Large
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.
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
Summary · fiscal year 2023 · Morning class Large
The sector's median operating margin is 1.5%. 1 of 69 companies have negative equity. The median equity ratio is 24.1%.
All figures are for fiscal year 2023. Ranked: 69 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 Large
Climbers need at least two fiscal years. They appear once next year's accounts are fetched or history is imported.
Awards · 2023 · Morning class Large
Needs attention · 2023 · Morning class Large
27 companies show at least one warning sign. Showing the 15 most important.
- criticalHelseplattformen ASNegative equity · Loss before tax
- watchFjellinjen ASVery low equity ratio (3.0%) · Current ratio below 1 (0.25)
- watchFerde ASVery low equity ratio (0.2%) · Current ratio below 1 (0.34)
- watchRøhneselmer ASVery low equity ratio (8.3%) · Loss before tax
- watchVegfinans E18 Vestfold ASVery low equity ratio (0.0%) · Current ratio below 1 (0.75)
- watchTeam Verksted ASVery low equity ratio (4.9%) · Current ratio below 1 (0.92)
- watchFormula Automobile Norge ASVery low equity ratio (7.3%) · Loss before tax
- watchNorsk Scania ASVery low equity ratio (5.8%)
- watchBirger N Haug ASLoss before tax
- watchMøller Bil Vest ASLoss before tax
- watchFrydenbø Bil Vpl ASLoss before tax
- watchKverneland Bil ASLoss before tax
- watchMøller Bil Sør-Rogaland ASCurrent ratio below 1 (0.89)
- watchBil-Service ASLoss before tax
- watchAgder Kollektivtrafikk ASLoss before tax
Sector map · 2023 · Morning class Large
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
Holding and investment companies · 2023
81 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: 27 have at least 10 MNOK in assets and are listed.
| Rank | Company | Score | Equity ratio | Return on assets | Current ratio | Total assets |
|---|---|---|---|---|---|---|
| 1 | Bml Holding AS | 83 | 99.3% | 17.6% | 115.90 | 34 MNOK |
| 2 | Monte Holding AS | 82 | 98.4% | 22.3% | 47.89 | 11 MNOK |
| 3 | Pmh Holding AS | 68 | 91.5% | 21.7% | 7.59 | 12 MNOK |
| 4 | Jay O Invest AS | 65 | 93.3% | 11.8% | 12.59 | 200 MNOK |
| 5 | Kork Holding AS | 63 | 83.6% | 23.1% | 3.18 | 18 MNOK |
| 6 | Svendsen Eksos Holding AS | 63 | 100.0% | −0.2% | 912.25 | 29 MNOK |
| 7 | Welhaven Jr Holding AS | 61 | 70.2% | 58.3% | 3.13 | 18 MNOK |
| 8 | Hd-Holding AS | 61 | 97.5% | 1.7% | 17.24 | 15 MNOK |
| 9 | Andøy Energi Holding AS | 58 | 96.0% | 1.8% | 5.17 | 251 MNOK |
| 10 | Idar Dahl Holding AS | 57 | 71.7% | 29.5% | 2.83 | 13 MNOK |
| 11 | Norsvin Invest AS | 55 | 100.0% | −0.4% | 45.49 | 15 MNOK |
| 12 | Swimming Holding AS | 54 | 99.0% | 1.1% | 1.75 | 24 MNOK |
| 13 | Batteri Elektro Holding AS | 54 | 49.0% | 29.8% | 3.44 | 15 MNOK |
| 14 | Cattor Holding AS | 52 | 60.4% | 52.5% | 1.24 | 23 MNOK |
| 15 | Jon Borge Holding AS | 52 | 91.9% | 0.2% | 474.98 | 12 MNOK |
| 16 | Dahle Holding AS | 52 | 90.5% | 7.1% | 3.21 | 148 MNOK |
| 17 | Klipperiet Holding AS | 50 | 82.5% | 13.6% | 2.82 | 93 MNOK |
| 18 | B. Johansen Holding AS | 48 | 95.4% | 0.0% | 12.57 | 48 MNOK |
| 19 | Bjørndalen Invest AS | 48 | 82.6% | 15.6% | 0.40 | 54 MNOK |
| 20 | Motor-Trade Holding AS | 47 | 85.9% | 11.4% | 1.07 | 124 MNOK |
Show all 27
| Rank | Company | Score | Total assets |
|---|---|---|---|
| 21 | Beth's Beauty Holding AS | 40 | 179 MNOK |
| 22 | Storbilvasken Holding AS | 40 | 14 MNOK |
| 23 | Auto 8-8 Holding AS | 32 | 94 MNOK |
| 24 | Kverneland Investering AS | 28 | 525 MNOK |
| 25 | Egrøb Holding AS | 18 | 11 MNOK |
| 26 | Langørgen Holding AS | 12 | 22 MNOK |
| 27 | Steinkjer Bil Holding AS | 10 | 20 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
- Finance earns 58.3% on operations; the typical Norwegian industry makes 5.7%No. 21 of 22 on median operating margin
Scenario analysis: the sector's weakest year
The sector's weakest year was 2022, with a median operating margin of −0.2%.
Based on the 9 fiscal years we have. The analysis grows as more years are fetched or imported.
| Fiscal year | Median operating margin | Median equity ratio |
|---|---|---|
| 2018 | – | – |
| 2019 | – | – |
| 2020 | – | – |
| 2021 | – | – |
| 2022 · weakest year | −0.2% | 14.9% |
| 2023 | 3.4% | 27.8% |
| 2024 | 3.2% | 30.1% |
| 2025 | 3.6% | 29.9% |
| 2026 | 0.9% | 22.6% |
In 2022, 5 ranked companies did better than the sector, 3 about the same and 7 weaker.
Held up best in 2022
- 1Villa Granli ASequity ratio 55.6%66.5%
- 2Service 24 ASequity ratio 62.5%17.4%
- 3Hadeland Bobil ASequity ratio 1.6%2.9%
- 4Vinderen Rens ASequity ratio 6.9%2.7%
- 5Skedsmo Lakk og Karosseri ASequity ratio 33.5%2.2%
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))
Consumer price index rose 3.0% in 2025; the sector's median operating margin rose 0.4 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 | – | −0.2% | 3.4% | 3.2% | 3.6% | 0.9% |
Source: SSB (14710, CC BY 4.0). Source · fetched 3 November 2026
Policy rate (prosent)
Policy rate fell 0.20 percentage points in 2025; the sector's median operating margin rose 0.4 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 | – | −0.2% | 3.4% | 3.2% | 3.6% | 0.9% |
Source: Norges Bank (IR, NLOD 2.0). Source · fetched 3 November 2026
When policy rate fell in 2025, 888 of 1,663 ranked companies kept their operating margin at or above the year before. Among the largest: Norsk Scania AS (11.3% → 13.9%), Bilia Norge AS (2.1% → 2.9%), Ferde AS (93.8% → 94.1%), Fjellinjen AS (92.8% → 93.1%), Møller Bil Øst AS (1.9% → 2.2%).
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
- 18,232
- +2.1% from 2023
- Persons employed
- 29,837
- +1.8% from 2023
- Turnover
- NOK 27.1 bn
- +6.5% from 2023
- Gross operating margin
- 17.9%
- Gross operating surplus divided by turnover
All enterprises, sole proprietorships included. The table has no figures for 84, 94, 97, 98, 99.
Bankruptcies in the industry
88 enterprise bankruptcies in the last four quarters (2025K4–2026K3). Change −11.1% against the four quarters before (99).
Source: Statistics Norway (SSB), table 12910, table 10790. 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
- Pigment AS 925176958 Bankruptcy · 2 November 2026 · 2 MNOK (2024)
- Didi AS 923592555 Voluntary liquidation · 31 October 2026 · 0 MNOK (2025)
- Frisør Kjersti AS 926661132 Voluntary liquidation · 31 October 2026 · 1 MNOK (2025)
- Frisørstugu AS 985278601 Voluntary liquidation · 31 October 2026 · 1 MNOK (2025)
- Kaira AS 999019870 Voluntary liquidation · 31 October 2026 · 0 MNOK (2025)
- Kur Frisør AS 925695823 Voluntary liquidation · 31 October 2026 · 1 MNOK (2025)
- Marias Velvære AS 998744180 Voluntary liquidation · 31 October 2026 · 0 MNOK (2025)
- Nyseth Bilverksted AS 899608402 Voluntary liquidation · 31 October 2026 · 2 MNOK (2025)
Industry codes (NACE)
| Code | Description |
|---|---|
| 84* | Hele hovedgruppe 84 |
| 84.110 | Generell offentlig administrasjon |
| 84.120 | Offentlig administrasjon tilknyttet helsestell, undervisning, kultur og annen sosial virksomhet |
| 84.130 | Offentlig administrasjon tilknyttet næringsvirksomhet og arbeidsmarked |
| 84.220 | Forsvarsaktiviteter |
| 84.250 | Brannvernaktiviteter |
| 94* | Hele hovedgruppe 94 |
| 94.110 | Aktiviteter i næringslivs- og arbeidsgiverorganisasjoner |
| 94.120 | Aktiviteter i yrkessammenslutninger |
| 94.200 | Aktiviteter i arbeidstakerorganisasjoner |
| 94.910 | Aktiviteter i religiøse organisasjoner |
| 94.920 | Aktiviteter i partipolitiske organisasjoner |
| 94.991 | Aktiviteter i fond/legat som støtter veldedige og allmennyttige formål |
| 94.992 | Aktiviteter i andre medlemsorganisasjoner ellers |
| 95* | Hele hovedgruppe 95 |
| 95.100 | Reparasjon og vedlikehold av datamaskiner og kommunikasjonsutstyr |
| 95.210 | Reparasjon og vedlikehold av elektronikk til husholdningsbruk |
| 95.220 | Reparasjon og vedlikehold av husholdningsvarer og hageredskaper |
| 95.230 | Reparasjon og vedlikehold av skotøy og lærvarer |
| 95.240 | Reparasjon og vedlikehold av møbler og boliginnredning |
| 95.250 | Reparasjon og vedlikehold av ur, klokker og smykker |
| 95.290 | Reparasjon og vedlikehold av andre husholdningsvarer og varer til personlig bruk ikke nevnt annet sted |
| 95.310 | Reparasjon og vedlikehold av motorvogner |
| 95.320 | Reparasjon og vedlikehold av motorsykler |
| 95.400 | Formidlingstjenester tilknyttet reparasjon og vedlikehold av datamaskiner, husholdningsvarer og varer til personlig bruk, og motorvogner og motorsykler |
| 96* | Hele hovedgruppe 96 |
| 96.100 | Vaskeri- og renserivirksomhet |
| 96.210 | Frisering og barbering |
| 96.220 | Skjønnhetspleie |
| 96.230 | Aktiviteter i dagspa, badstue og dampbad |
| 96.300 | Begravelsesbyråvirksomhet og lignende tjenester |
| 96.400 | Formidlingstjenester tilknyttet personlig tjenesteyting |
| 96.910 | Personlig tjenesteyting i husholdninger |
| 96.990 | Andre personlige tjenester ikke nevnt annet sted |
| 97* | Hele hovedgruppe 97 |
| 97.001 | Aktiviteter i borettslag og boligsameier |
| 98* | Hele hovedgruppe 98 |
| 99* | Hele hovedgruppe 99 |