61 companies ranked against comparable companies in four Morning company classes. Fiscal year 2022. Source: Brønnøysund Register Centre. Methodology
Ranking · 2022 · Morning class Micro
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
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 Micro
The five largest companies account for 16% of the sector's revenue. Combined profit before tax for the 47 ranked companies: 20 MNOK.
Highest revenue
- RAMBOLT EIENDOM AS 9 MNOK
- ROH HOLDING AS 8 MNOK
- HAAKON KNUDSTAD AS 7 MNOK
- MUNKHOLMEN EIENDOM AS 6 MNOK
- WESTBO AS 6 MNOK
Operating revenue.
Highest operating margin
- HJ EIENDOM AS 97.2%
- VIKEN BOLIGEIENDOM AS 94.0%
- GJØNNESJORDET 10 AS 88.9%
- RAMBOLT EIENDOM AS 81.8%
- HEROCK AS 79.7%
Operating result divided by operating revenue.
Largest profit
- RAMBOLT EIENDOM AS 7 MNOK
- HAAKON KNUDSTAD AS 5 MNOK
- ROH HOLDING AS 4 MNOK
- VIKEN BOLIGEIENDOM AS 4 MNOK
- INVENTEC AS 2 MNOK
Profit before tax.
Largest loss
- SOFIENBERG GRUPPEN AS −11 MNOK
- GODELAND BOLIGUTVIKLING AS −4 MNOK
- NYBORG EIENDOM AS −3 MNOK
- ØVINGSLOKALER I BERGEN AS −2 MNOK
- MUNKHOLMEN EIENDOM AS −1 MNOK
Profit before tax, the largest negative.
Most solid
- MINDE ALLE 39 AS 89.4%
- HEROCK AS 89.0%
- C-S HOLDING AS 88.4%
- SV22H AS 86.8%
- ICON TAKST AS 81.0%
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 · 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.
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 2022 · Morning class Micro
The sector's median operating margin is 38.7%. 48 of 175 companies have negative equity. The median equity ratio is 10.8%.
All figures are for fiscal year 2022. Ranked: 47 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 Micro
Climbers need at least two fiscal years. They appear once next year's accounts are fetched or history is imported.
Awards · 2022 · Morning class Micro
Needs attention · 2022 · Morning class Micro
141 companies show at least one warning sign. Showing the 15 most important.
- criticalCAVALLI ASNegative equity · Current ratio below 1 (0.86) · Loss before tax
- criticalOSLO INTERNATIONAL HUB ASNegative equity · Current ratio below 1 (0.57) · Loss before tax
- criticalPR HOLDING ASNegative equity · Current ratio below 1 (0.59) · Loss before tax
- criticalKRISMARINE ASNegative equity · Current ratio below 1 (0.03) · Loss before tax
- criticalNYBORG EIENDOM ASNegative equity · Current ratio below 1 (0.12) · Loss before tax
- criticalØVINGSLOKALER I BERGEN ASNegative equity · Current ratio below 1 (0.25) · Loss before tax
- criticalBJØRNSEN EIENDOM ASNegative equity · Current ratio below 1 (0.25) · Loss before tax
- criticalNORLANDET EIENDOM ASNegative equity · Current ratio below 1 (0.16) · Loss before tax
- criticalJBG 13 ASNegative equity · Current ratio below 1 (0.32) · Loss before tax
- criticalLA NORDHAUG HOLDING ASNegative equity · Current ratio below 1 (0.02) · Loss before tax
- criticalHOPSGAARDEN ASNegative equity · Current ratio below 1 (0.91) · Loss before tax
- criticalSTAVANGER INVESTERING SELSKAP ASNegative equity · Current ratio below 1 (0.22) · Loss before tax
- criticalØYFJELL KONTORBYGG ASNegative equity · Current ratio below 1 (0.31) · Loss before tax
- criticalHEIMEN ASNegative equity · Current ratio below 1 (0.54) · Loss before tax
- criticalHUSVÆRET ASNegative equity · Current ratio below 1 (0.03) · 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 |
|---|---|---|---|
| HAAKON KNUDSTAD AS | 70.8% | 71.6% | 7 MNOK |
| HJ EIENDOM AS | 97.2% | 40.8% | 1 MNOK |
| RAMBOLT EIENDOM AS | 81.8% | 74.1% | 9 MNOK |
| MINDE ALLE 39 AS | 21.0% | 89.4% | 5 MNOK |
| LARSENS TAKST SERVICE AS | 38.7% | 64.0% | 3 MNOK |
| SV22H AS | 8.7% | 86.8% | 2 MNOK |
| INVENTEC AS | 70.1% | 56.2% | 1 MNOK |
| SANGNES EIENDOM AS | 66.7% | 47.2% | 3 MNOK |
| C-S HOLDING AS | 27.6% | 88.4% | 2 MNOK |
| TELEMARK EIENDOM AS | 51.0% | 38.6% | 2 MNOK |
| EFEM GROUP AS | 31.2% | 32.0% | 4 MNOK |
| ROH HOLDING AS | 60.5% | 21.3% | 8 MNOK |
| HEROCK AS | 79.7% | 89.0% | 2 MNOK |
| TONJEN EIGEDOM AS | 41.2% | 30.2% | 3 MNOK |
| ICON TAKST AS | 1.7% | 81.0% | 3 MNOK |
| VIKEN BOLIGEIENDOM AS | 94.0% | 10.0% | 5 MNOK |
| SOLBERG EIENDOM OG UTLEIE AS | 42.5% | 35.0% | 2 MNOK |
| STORGATA 3 OG 5 AS | 65.5% | 13.5% | 3 MNOK |
| GULLREGNBUKTA AS | 71.5% | 4.9% | 3 MNOK |
| EIKENGA 25 AS | 33.1% | 19.5% | 3 MNOK |
| HALTBAKK EIENDOM AS | 52.1% | 9.3% | 1 MNOK |
| CESARS EIENDOM AS | 35.8% | 10.8% | 3 MNOK |
| WESTBO AS | 64.2% | 5.4% | 6 MNOK |
| HUITFELDTS GATE 15 AS | 77.3% | 6.3% | 4 MNOK |
| JKEF EIENDOM AS | 53.8% | −11.3% | 3 MNOK |
| SALIX AS | −159.5% | 59.5% | 2 MNOK |
| ØSTTORP EIENDOM AS | 72.7% | 21.3% | 1 MNOK |
| GJØNNESJORDET 10 AS | 88.9% | 0.5% | 1 MNOK |
| SKOLEGATA 14-16 AS | 61.3% | 3.6% | 4 MNOK |
| FLIK EIENDOM AS | 15.8% | 6.3% | 5 MNOK |
| AUKA GRUPPEN AS | 35.1% | 26.3% | 3 MNOK |
| FONC BOLIGUTLEIE 1 AS | 66.3% | 2.7% | 2 MNOK |
| MUNKHOLMEN EIENDOM AS | 23.4% | 16.7% | 6 MNOK |
| FELLESKJERNINGEN EIENDOM AS | 9.5% | 11.2% | 1 MNOK |
| BAINS EIENDOM AS | 62.7% | 5.0% | 2 MNOK |
| MATHUSET AS | 53.3% | −19.9% | 2 MNOK |
| ONSRUD NÆRINGSPARK AS | 16.8% | 3.7% | 4 MNOK |
| NIM EIENDOM AS | 5.4% | 5.2% | 3 MNOK |
| MBE EIENDOM AS | 31.0% | 3.8% | 2 MNOK |
| SVG 1 AS | 32.9% | 0.3% | 2 MNOK |
| BOGSTADVEIEN 64 AS | −47.8% | 0.6% | 1 MNOK |
| ORKLA TAKST AS | 1.4% | −33.4% | 4 MNOK |
| GODELAND BOLIGUTVIKLING AS | −69.1% | −4.7% | 2 MNOK |
| BJØRNSEN EIENDOM AS | 11.2% | −41.4% | 1 MNOK |
| SOFIENBERG GRUPPEN AS | −510.0% | −343.7% | 2 MNOK |
| NYBORG EIENDOM AS | −35.7% | −9.0% | 3 MNOK |
| ØVINGSLOKALER I BERGEN AS | −81.5% | −223.8% | 2 MNOK |
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
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 |