0 companies ranked against comparable companies in four Morning company classes. Fiscal year 2021. Source: Brønnøysund Register Centre. Methodology
Ranking · 2021
No ranked companies in this class this year.
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
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 · 2021
The five largest companies account for 76% of the sector's revenue.
Highest revenue
No company meets the requirement this year.
Operating revenue.
Highest operating margin
No company meets the requirement this year.
Operating result divided by operating revenue.
Largest profit
No company meets the requirement this year.
Profit before tax.
Largest loss
No company meets the requirement this year.
Profit before tax, the largest negative.
Most solid
No company meets the requirement this year.
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
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.
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 · 2021
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 2021
22 of 66 companies have negative equity.
All figures are for fiscal year 2021. Ranked: 0 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.
- Consistency is not included in the index: it needs accounts for several years.
Climbers and fallers
Climbers need at least two fiscal years. They appear once next year's accounts are fetched or history is imported.
Needs attention · 2021
57 companies show at least one warning sign. Showing the 15 most important.
- criticalTorleifvegen 5 ASNegative equity · Current ratio below 1 (0.80) · Loss before tax
- criticalEIE BYGG & Eiendom ASNegative equity · Current ratio below 1 (0.57) · Loss before tax
- criticalArm-Invest ASNegative equity · Current ratio below 1 (0.98) · Loss before tax
- criticalTian Eiendom Kløverhagen ASNegative equity · Current ratio below 1 (0.05) · Loss before tax
- criticalKbv Holding ASNegative equity · Current ratio below 1 (0.00) · Loss before tax
- criticalRs24 Invest ASNegative equity · Current ratio below 1 (0.00) · Loss before tax
- criticalTjelle ASNegative equity · Current ratio below 1 (0.62) · Loss before tax
- criticalMoore Investment ASNegative equity · Current ratio below 1 (0.03) · Loss before tax
- criticalHytteutvikling ASNegative equity · Current ratio below 1 (0.00) · Loss before tax
- criticalKringstadvegen 1 ASNegative equity · Current ratio below 1 (0.00) · Loss before tax
- criticalFagerlia Holding ASNegative equity · Current ratio below 1 (0.03) · Loss before tax
- criticalOslo International Hub ASNegative equity · Current ratio below 1 (−0.27)
- criticalKomplett Bygg ASNegative equity · Current ratio below 1 (0.91)
- criticalVollavegen Utvikling ASNegative equity · Loss before tax
- criticalNo-8517 Invest ASNegative equity · Loss before tax
Sector map · 2021
Too few ranked companies to draw the map.
Scenario analysis: the sector's weakest year
The sector's weakest year was 2022, with a median operating margin of 31.0%.
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 | 31.0% | 10.8% |
| 2023 | 44.5% | 27.0% |
| 2024 | 45.3% | 26.9% |
| 2025 | 46.3% | 27.8% |
| 2026 | 58.6% | 40.2% |
In 2022, 24 ranked companies did better than the sector, 20 about the same and 17 weaker.
Held up best in 2022
- 1HJ Eiendom ASequity ratio 40.8%97.2%
- 2Viken Boligeiendom ASequity ratio 10.0%94.0%
- 3Gjønnesjordet 10 ASequity ratio 0.5%88.9%
- 4Rambolt Eiendom ASequity ratio 74.1%81.8%
- 5Herock ASequity ratio 89.0%79.7%
- 6Huitfeldts Gate 15 ASequity ratio 6.3%77.3%
- 7Gullregnbukta ASequity ratio 4.9%71.5%
- 8Haakon Knudstad ASequity ratio 71.6%70.8%
- 9Inventec ASequity ratio 56.2%70.1%
- 10Marinella Eiendom ASequity ratio 44.8%70.1%
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.
Policy rate (prosent)
Policy rate fell 0.20 percentage points in 2025; the sector's median operating margin rose 1.0 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Policy rate, annual average | 0.08 | 1.32 | 3.54 | 4.50 | 4.30 | 4.14 (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 | – | 31.0% | 44.5% | 45.3% | 46.3% | 58.6% |
Source: Norges Bank (IR, NLOD 2.0). Source · fetched 1 November 2026
Construction cost index for dwellings (indeks (2015 = 100))
Construction cost index for dwellings rose 4.3% in 2025; the sector's median operating margin rose 1.0 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Construction cost index for dwellings, annual average | 124.2 | 135.1 | 141.1 | 146.4 | 152.7 | 158.4 (so far) |
| Change from the year before | +8.7% | +8.8% | +4.4% | +3.7% | +4.3% | +3.7% |
| Sector's median operating margin | – | 31.0% | 44.5% | 45.3% | 46.3% | 58.6% |
Source: SSB (08651, CC BY 4.0). Source · fetched 1 November 2026
Consumer price index (indeks (2025 = 100))
Consumer price index rose 3.0% in 2025; the sector's median operating margin rose 1.0 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 | – | 31.0% | 44.5% | 45.3% | 46.3% | 58.6% |
Source: SSB (14710, CC BY 4.0). Source · fetched 1 November 2026
When policy rate fell in 2025, 3,854 of 6,984 ranked companies kept their operating margin at or above the year before. Among the largest: DNB Eiendom AS (−1.5% → 2.9%), Ferncliff Tih AS (−717.9% → 99.2%), Ferncliff Holding AS (78.3% → 99.8%), OBOS Nye Hjem AS (−0.8% → −0.7%), Eiendomsmegler 1 Sør-Norge AS (5.3% → 7.1%).
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
- 60,965
- +4.0% from 2023
- Persons employed
- 31,172
- −0.2% from 2023
- Turnover
- NOK 240.4 bn
- +8.0% from 2023
- Gross operating margin
- 50.2%
- Gross operating surplus divided by turnover
All enterprises, sole proprietorships included.
Bankruptcies in the industry
217 enterprise bankruptcies in the last four quarters (2025K4–2026K3). Change −8.8% against the four quarters before (238). That is about 3.6 per 1,000 enterprises.
Foreign-controlled enterprises · 2024
- Share of enterprises
- 2.5%
- Share of persons employed
- 6.0%
- Share of turnover
- 8.6%
SSB publishes this for groups of industries only. The figures are for the group “Omsetning og drift av fast eiendom”.
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
- Bash Eiendom AS 928846342 Voluntary liquidation · 31 October 2026
- Brande Eiendom AS 925893811 Voluntary liquidation · 31 October 2026
- Brande Holding AS 928469220 Voluntary liquidation · 31 October 2026
- Bygnes Bt1 S10 AS 936304664 Voluntary liquidation · 31 October 2026
- Cecilie Løvøs Veg 2 AS 813648962 Voluntary liquidation · 31 October 2026 · 0 MNOK (2025)
- Datterselskapet AS 988944041 Voluntary liquidation · 31 October 2026
- Eiby AS 827032522 Voluntary liquidation · 31 October 2026
- Eidettoppen Eiendom AS 928086127 Voluntary liquidation · 31 October 2026
Industry codes (NACE)
| Code | Description |
|---|---|
| 68* | Hele hovedgruppe 68 |
| 68.110 | Kjøp og salg av egen fast eiendom |
| 68.120 | Utvikling og salg av byggeprosjekter |
| 68.200 | Utleie av egen eller leid fast eiendom |
| 68.310 | Eiendomsmegling og andre formidlingstjenester for eiendom |
| 68.320 | Eiendomsforvaltning på oppdrag |