Sector

Eiendom

6,744 companies ranked against comparable companies in four Morning company classes. Fiscal year 2023. Source: Brønnøysund Register Centre. Methodology

Morning company class

Morning company classes are our own division by revenue, not an official standard: Micro NOK 1m–10 MNOK, Small 10 MNOK–50 MNOK, Medium 50 MNOK–500 MNOK, Large from 500 MNOK. Companies are ranked only against others in the same class, and every figure below is for the class you have chosen. What are Morning company classes?

Ranking · 2023 · Morning class Small

Morning class Small · 2023
#	Company	Profile	Score	Change
1	Jengo Invest AS	Leader	99	–
2	Berger Invest AS	Leader	98	–
3	Revir 2 AS	Leader	97	–
4	AS STRANDGATEN 26	Leader	95	–
5	Odysseus AS	Leader	95	–
6	Russevikveien 4 AS	Leader	95	–
7	Nystøyl AS	Leader	95	–
8	Kanalveien 52 B AS	Leader	95	–
9	Regom Invest AS	Leader	94	–
10	Johan Troye AS	Leader	93	–
11	Kelno AS	Leader	93	–
12	Snupi Invest AS	Leader	93	–
13	Bne Asker AS	Leader	93	–
14	Økle AS	Leader	92	–
15	Leo Norway AS	Leader	92	–
16	Uthalden Eiendom AS	Leader	92	–
17	Emgani AS	Leader	92	–
18	Spania1 AS	Leader	91	–
19	FH Holding 2 AS	Leader	91	–
20	AS P LTZ AASS	Leader	91	–
21	Pegasi AS	Leader	90	–
22	Kakadue Invest AS	Leader	90	–
23	EB Eiendom Frøya AS	Leader	90	–
24	Aspesletten Eiendommer AS	Leader	90	–
25	1852 Invest AS	Leader	89	–
26	Vestregata 20-22 AS	Leader	89	–
27	Granmo Eiendomsutvikling AS	Leader	89	–
28	Transitt Eiendom AS	Leader	89	–
29	Vsv Eiendom AS	Leader	88	–
30	Johs Rasmussen AS	Leader	88	–
31	Armadillo AS	Leader	88	–
32	Baga Eiendom AS	Leader	88	–
33	Asker Boligeiendom AS	Leader	87	–
34	Optimuspistor AS	Leader	87	–
35	Arcatum AS	Leader	87	–
36	Møllerveien 2 AS	Leader	87	–
37	Christiania Skibs AS	Leader	86	–
38	Vallergaard Invest AS	Leader	86	–
39	Forenede Industrier Finans AS	Leader	86	–
40	Hans Gaarder AS	Leader	85	–
41	EA Kapital AS	Leader	85	–
42	AGDER SINGEL & Sand Terjesen AS	Leader	85	–
43	Bne Kanalhotellet AS	Leader	85	–
44	Aalesund Industri og Finans AS	Leader	84	–
45	Marinella Eiendom AS	Leader	84	−4
46	Brødr Maraak AS	Leader	84	–
47	Extendi AS	Leader	84	–
48	Pals Eiendom AS	Leader	84	–
49	AS CHR BRUN TORVET	Leader	84	–
50	Rosenkrantz 8 Bergen AS	Leader	83	–

Download as CSV (opens in Excel)

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 Small

Karenslyst Alle 53 Business Centre AS
From 2022 to 2023: the operating margin rose from −19.3% to 15.0% and went from a loss to a profit before tax.
+32
Lysaker Torg Centre AS
From 2022 to 2023: the operating margin rose from −22.5% to 11.7% and went from a loss to a profit before tax.
+27
Pro Bolig AS
From 2022 to 2023: revenue fell by 44% and the operating margin rose from 12.8% to 18.5%.
−27
Nesbruveien 73-77 AS
From 2022 to 2023: the operating margin rose from −1.0% to 36.1% and revenue fell by 15%.
+5

Top lists in the sector · 2023 · Morning class Small

The five largest companies account for 1% of the sector's revenue. Combined profit before tax for the 1,144 ranked companies: 11,893 MNOK.

Size

The largest by revenue and employees, and who earns the most per employee.

Highest revenue

Dalane Eiendomsselskap AS 50 MNOK
Borgstein AS 50 MNOK
Hellerudhaugen Eiendomsutvikling AS 50 MNOK
Freserveien 1 AS 49 MNOK
Rosenlund Kontorbygg AS 49 MNOK

Operating revenue.

Most employees

Employees according to the Central Coordinating Register.

Highest revenue per employee

TRITON ADVISERS (NORWAY) AS 7.3 MNOK
Storm Norge AS 7.2 MNOK
AS ASSURANSEGÅRDEN 6.9 MNOK
Granitt Entreprenør AS 6.6 MNOK
BOLIG & Eiendom AS 6.5 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

Smibygg AS 197.5%
Vestregata 20-22 AS 180.1%
Emgani AS 107.7%
Avantor Gjerdrums Vei 11 AS 100.1%
Jengo Invest AS 99.9%

Operating result divided by operating revenue.

Largest profit

Ppi Samfunnsbygg AS 4,933 MNOK
Bonheur ASA 810 MNOK
The Resource Group Trg AS 466 MNOK
Laerdal AS 424 MNOK
Borgstein AS 346 MNOK

Profit before tax.

Largest loss

Canica Eiendom AS −233 MNOK
Snø Vinterarena AS −182 MNOK
Sennerudtoppen Bolig AS −129 MNOK
Bulk Industrial Real Estate AS −128 MNOK
Havfonn AS −121 MNOK

Profit before tax, the largest negative.

Most solid

Jærstranda AS 100.0%
Regom Invest AS 100.0%
1852 Invest AS 99.9%
Revir 2 AS 99.8%
Kelno AS 99.6%

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

Karenslyst Alle 53 Business Centre AS +44.5%
Marinella Eiendom AS +23.0%
Lysaker Torg Centre AS +21.9%

Revenue growth from the year before, only from at least NOK 10 million in revenue.

Largest revenue decline

OSLO BYGG OG EIENDOM, Eiendom AS −69.4%
Sennerudtoppen Bolig AS −63.0%
Eiendomsgruppen Trondheim AS −61.4%
Pro Bolig AS −44.4%
Nesbruveien 73-77 AS −14.7%

Revenue decline from the year before, only from at least NOK 10 million in revenue.

Biggest climbers

Karenslyst Alle 53 Business Centre AS +32.5 points
Lysaker Torg Centre AS +27.9 points
Nesbruveien 73-77 AS +5.4 points
Sennerudtoppen Bolig AS +2.5 points

Change in index points from the year before.

Biggest fallers

Pro Bolig AS −26.5 points
Marinella Eiendom AS −4.0 points

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.

Quadrant analysis

Positions in the sector · 2023 · Morning class Small

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.

The chart and list show the 400 largest companies by revenue, of 1,146 in the class. Everyone is in the ranking. Full ranking

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

Company	Profile	Profitability	Solidity	In 2022 (profitability / solidity)
Jengo Invest AS	Lion	99	99	–
Johan Troye AS	Lion	99	89	–
Russevikveien 4 AS	Lion	98	88	–
Berger Invest AS	Lion	98	99	–
Hillevågsveien 24 Hjelpeselskap AS	Lion	96	52	–
Smibygg AS	Cheetah	96	41	–
Granmo Eiendomsutvikling AS	Lion	95	86	–
Søren Bulls Vei 2 AS	Lion	95	69	–
Bergheim Syd AS	Lion	94	53	–
Møllerveien 2 AS	Lion	94	84	–
Årnes Kvartalet AS	Lion	94	57	–
Øvre Slottsgate 12 AS	Cheetah	92	30	–
Nystøyl AS	Lion	91	99	–
Egersund Eiendom Invest AS	Lion	91	78	–
Biskop Gunnerus' Gate 6 AS	Lion	91	53	–
Leirvik Sveis A/S	Cheetah	90	45	–
Maya Bolig 4 AS	Lion	90	50	–
Kynningsrud Valle AS	Cheetah	89	5	–
Leif Hübert Eiendom AS	Lion	88	79	–
Møller Mobility Group MI AS	Lion	88	91	–
Risavika 1 AS	Lion	88	88	–
Tordenskiolds Gate 8-10 AS	Lion	88	76	–
Oslo Boligutvikling AS	Cheetah	87	4	–
Forenede Industrier Finans AS	Lion	87	83	–
Jonas Lies Gate 20 AS	Cheetah	86	42	–
Uthalden Eiendom AS	Lion	86	96	–
Jahrestranda Næringspark AS	Lion	86	88	–
Flyporten AS	Lion	86	80	–
Stangeland Næringspark 1 AS	Cheetah	84	45	–
Hans Gaarder AS	Lion	84	79	–
Vrådal Panorama Eiendom AS	Lion	83	73	–
Øra Eiendom Utvikling AS	Lion	83	79	–
AS P LTZ AASS	Lion	82	96	–
KLP Ranheimsveien 10 AS	Lion	81	86	–
Maximgruppen AS	Lion	81	65	–
Grorudhagen AS	Lion	81	86	–
Kelno AS	Lion	81	100	–
Kjeppestadveien 44 AS	Cheetah	81	36	–
Hamang Næringssenter AS	Lion	80	85	–
Johs Rasmussen AS	Lion	80	97	–
Valkendorfsgaten 6 AS	Cheetah	80	26	–
Hospitalet AS	Lion	80	52	–
SG 34 Eiendom AS	Lion	79	81	–
Smartads AS	Cheetah	79	43	–
FH Holding 2 AS	Lion	78	98	–
KLP Snipetjernveien 3 og 9 AS	Cheetah	78	0	–
Fugleåsen 6 AS	Lion	78	63	–
Tungasletta 2 AS	Cheetah	78	34	–
Møre-Sentrene Moa Syd AS	Lion	78	87	–
Aksum Eiendomsinvest AS	Lion	77	86	–

The sector in numbers

Summary · fiscal year 2023 · Morning class Small

The sector's median operating margin is 36.7%. 50 of 1,173 companies have negative equity. The median equity ratio is 28.4%.

Companies with accounts1,173

Total revenue23,744 MNOK

Median operating margin36.7%

Median equity ratio28.4%

Share with a loss24%

Share with negative equity4%

All figures are for fiscal year 2023. Ranked: 1,146 operating companies. Holding companies, excluded companies and companies without enough data are shown but not ranked. How to read the index

The total counts each group once: 2 subsidiaries (40 MNOK in revenue) are left out of totals and size lists because their parent in the sector has at least as much revenue, so their sales can run through the parent. They are ranked as usual. Methodology

1 company reports in another currency. Its revenue is converted at the mean rate for the accounting period and makes up 0% of the total.

Climbers and fallers · Morning class Small

Change in rank from 2022 to 2023, for 6 companies ranked in both years.

Climbers

None.

Fallers

1,133Sennerudtoppen Bolig ASfrom rank 10 to 1,1434
1,028Nesbruveien 73-77 ASfrom rank 8 to 1,03627
570Pro Bolig ASfrom rank 3 to 57349
511Lysaker Torg Centre ASfrom rank 7 to 51851
228Karenslyst Alle 53 Business Centre ASfrom rank 6 to 23464

Awards · 2023 · Morning class Small

Most profitableSmibygg AS197.5%

Fastest growthAsker Boligeiendom AS2,138.2%

Strongest balance sheetJærstranda AS100.0%

Largest revenueDalane Eiendomsselskap AS50 MNOK

Highest revenue per employeeTRITON ADVISERS (NORWAY) AS7.3 MNOK

Needs attention · 2023 · Morning class Small

712 companies show at least one warning sign. Showing the 15 most important.

criticalGbg 28 ASNegative equity · Current ratio below 1 (0.11) · Loss before tax
criticalRaa Bygg ASNegative equity · Current ratio below 1 (0.51) · Loss before tax
criticalRøa Torg Næring ASNegative equity · Current ratio below 1 (0.04) · Loss before tax
criticalNorway Business Centre NO 18 ASNegative equity · Current ratio below 1 (0.22) · Loss before tax
criticalLor Eiendom ASNegative equity · Current ratio below 1 (0.97) · Loss before tax
criticalAstoria Vest ASNegative equity · Current ratio below 1 (0.12) · Loss before tax
criticalValle Wood ASNegative equity · Current ratio below 1 (0.65) · Loss before tax
criticalK Tre ASNegative equity · Current ratio below 1 (0.01) · Loss before tax
criticalMoen Engros Eiendom ASNegative equity · Current ratio below 1 (0.84) · Loss before tax
criticalTelemark og Vestfold Eiendom ASNegative equity · Current ratio below 1 (0.36) · Loss before tax
criticalLyseren Strandpark ASNegative equity · Current ratio below 1 (0.26) · Loss before tax
criticalMadsen og Moe ASNegative equity · Current ratio below 1 (0.61) · Loss before tax
criticalLanggrunnveien ASNegative equity · Current ratio below 1 (0.11) · Loss before tax
criticalOgm ASNegative equity · Current ratio below 1 (0.42) · Loss before tax
criticalWpg ASNegative equity · Current ratio below 1 (0.75) · Loss before tax

Sector map · 2023 · Morning class Small

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.

The map shows the 400 largest companies by revenue, of 1,146 ranked. Everyone is in the ranking.

Show the map's figures as a table

Company	Operating margin	Equity ratio	Revenue
Dalane Eiendomsselskap AS	12.7%	63.0%	50 MNOK
Borgstein AS	35.8%	72.4%	50 MNOK
Hellerudhaugen Eiendomsutvikling AS	1.9%	6.2%	50 MNOK
Freserveien 1 AS	−13.7%	10.1%	49 MNOK
Rosenlund Kontorbygg AS	46.7%	88.4%	49 MNOK
KLP Ranheimsveien 10 AS	71.6%	76.3%	49 MNOK
KLP Citypassagen AS	59.8%	6.0%	49 MNOK
Sagveien Tower AS	52.3%	87.9%	49 MNOK
MALLING & CO Eiendomsutvikling AS	33.7%	32.5%	49 MNOK
Stenersgata 1 AS	37.2%	71.6%	48 MNOK
Hospitalet AS	78.6%	30.7%	48 MNOK
Fredrikstad Innovasjonspark AS	15.7%	31.4%	47 MNOK
Front Prosjekt AS	1.3%	6.7%	47 MNOK
Handelshuset AS	36.9%	30.8%	47 MNOK
Edlandsgården AS	11.0%	83.0%	46 MNOK
Hushovd Utvikling AS	−6.3%	61.8%	46 MNOK
Nordiqus Hansagården Eiendom AS	63.5%	22.4%	46 MNOK
Rnp E2 AS	27.0%	2.0%	46 MNOK
Bekkestua Senter AS	46.4%	25.2%	46 MNOK
Mesterhus Oslo Bygg AS	−1.5%	10.5%	46 MNOK
BOLIG & Eiendom AS	9.9%	41.6%	46 MNOK
Mjøstårnet AS	47.6%	5.0%	46 MNOK
Vennatrø Eiendomsdrift AS	−2.7%	4.3%	46 MNOK
Djupedalen Utvikling AS	0.1%	32.4%	45 MNOK
Partners Eiendomsmegling AS	3.3%	36.3%	45 MNOK
Solheimsgata 21 AS	69.5%	6.3%	45 MNOK
Mekleriet AS	5.9%	42.5%	45 MNOK
Ngd Blokk A AS	−11.9%	1.3%	45 MNOK
Møre-Sentrene Moa Syd AS	67.5%	78.5%	44 MNOK
Villaservice Feltutbygging AS	15.7%	33.2%	44 MNOK
Storebrand Tillertorget AS	59.6%	74.5%	44 MNOK
Smedvig Eiendom AS	−162.5%	42.6%	44 MNOK
Otto Sverdrups Plass 4 AS	70.1%	82.1%	44 MNOK
Sepekto Eiendom AS	9.2%	68.4%	44 MNOK
Skien Vekst AS	33.0%	45.8%	44 MNOK
Uthalden Eiendom AS	99.4%	91.8%	44 MNOK
SKADBERG ALLÈ 55 AS	0.1%	17.7%	43 MNOK
Øvre Slottsgate 12 AS	90.4%	15.7%	43 MNOK
Storebrand Holmensenteret AS	25.1%	89.2%	43 MNOK
Terningen Eiendom AS	58.3%	82.7%	43 MNOK
Gardermoen Logistikksenter AS	21.4%	13.2%	43 MNOK
Majorstuen Eiendomsmegling AS	11.0%	13.3%	43 MNOK
Kjoslia AS	1.5%	4.3%	43 MNOK
Aktiv Eiendomsmegling Jæren AS	−5.9%	26.8%	43 MNOK
Kjøita 18 AS	57.8%	28.8%	42 MNOK
Øra Eiendom Utvikling AS	69.8%	64.0%	42 MNOK
Drammensveien 131 AS	58.5%	32.2%	42 MNOK
Innova Eiendom AS	−3.5%	0.3%	42 MNOK
Innspurten 7 AS	50.5%	63.0%	42 MNOK
Gbg 28 AS	−27.3%	−868.4%	42 MNOK
Helland Utleie AS	0.6%	2.0%	42 MNOK
Raga AS	59.7%	2.2%	42 MNOK
Smietangen Utbygging AS	14.2%	1.4%	42 MNOK
Allé Eiendomsmegling AS	21.2%	52.9%	42 MNOK
AS ASSURANSEGÅRDEN	−13.4%	39.8%	41 MNOK
O MUSTAD & Søn Eiendom AS	25.6%	23.8%	41 MNOK
Prosjekt Vest AS	3.7%	3.6%	41 MNOK
Borg Drift AS	0.1%	1.3%	41 MNOK
Malangen Eiendom AS	2.8%	17.9%	41 MNOK
Søebergs Gate 3 AS	16.6%	2.6%	41 MNOK
Backer AS	49.1%	60.4%	40 MNOK
Pecunia Eiendom AS	−34.0%	44.7%	40 MNOK
Hagaløkkveien 26 AS	50.8%	30.8%	40 MNOK
Frost Holding AS	66.3%	45.4%	40 MNOK
Via Vika AS	−0.7%	6.2%	40 MNOK
Eiendomsgruppen Trondheim AS	5.2%	17.0%	40 MNOK
Vækerø Eiendom AS	65.4%	6.1%	40 MNOK
Skogmo Eiendom AS	−6.2%	6.8%	40 MNOK
Eily AS	15.9%	17.9%	40 MNOK
Lagårdsveien 46 AS	69.6%	14.1%	39 MNOK
Sørkedalsveien 8 Næring AS	47.3%	19.8%	39 MNOK
Alver Bolig Utbygging AS	19.9%	9.7%	39 MNOK
Farmannsveien 50 AS	9.1%	39.3%	39 MNOK
Grua Torg AS	−1.9%	46.6%	39 MNOK
Bygdøy Alle Eiendom AS	7.2%	5.1%	39 MNOK
Login Vagle AS	74.1%	9.3%	39 MNOK
Bgo Bygg AS	28.9%	57.1%	39 MNOK
Ess Partner Eiendom AS	2.0%	6.6%	39 MNOK
Jes Eiendom AS	30.6%	27.4%	39 MNOK
Raa Bygg AS	−12.7%	−76.4%	39 MNOK
Østre Aker Vei 260 AS	54.4%	35.6%	38 MNOK
Alti Mandal AS	48.2%	90.3%	38 MNOK
Kinland AS	−26.2%	42.6%	38 MNOK
Russevikveien 4 AS	97.4%	79.7%	38 MNOK
Posten Eiendom Trondheim AS	59.2%	27.8%	38 MNOK
Breiviksenteret AS	73.8%	88.7%	38 MNOK
Klems Gate 29 AS	−13.1%	38.9%	38 MNOK
Voksenkollen Utvikling AS	−30.2%	10.4%	38 MNOK
Pilestredet 33 AS	9.5%	35.8%	38 MNOK
Kelno AS	97.1%	99.6%	37 MNOK
Avantor Gullhaug Torg 5 AS	−246.5%	36.5%	37 MNOK
Telegrafen Oslo AS	−47.7%	91.4%	37 MNOK
Anton Jenssens Gate 2 AS	69.8%	9.9%	37 MNOK
Bergen Helsehus AS	70.9%	13.5%	37 MNOK
Årnes Kvartalet AS	78.4%	34.8%	37 MNOK
Pallas Eiendom AS	34.7%	5.7%	37 MNOK
Sentrumsboliger AS	14.2%	74.2%	37 MNOK
Skagen Eiendomsforvaltning AS	2.3%	64.8%	37 MNOK
Lyse Eiendom Mariero AS	59.9%	81.3%	37 MNOK
Jekmo AS	10.6%	1.5%	37 MNOK
Gyldengården AS	72.6%	5.7%	37 MNOK
Glomar Eiendom AS	1.7%	13.6%	37 MNOK
Drammensveien 134 AS	59.9%	94.4%	37 MNOK
Unik Terminal AS	83.8%	9.7%	36 MNOK
GULLHAUGV. 1-3 AS	45.2%	91.3%	36 MNOK
TRITON ADVISERS (NORWAY) AS	3.7%	31.0%	36 MNOK
Strandveien 7 Utbygging AS	12.3%	58.5%	36 MNOK
Jacobsen Eiendom AS	51.7%	18.4%	36 MNOK
Forenede Industrier Finans AS	97.7%	71.7%	36 MNOK
Snø Vinterarena AS	−456.0%	−119.9%	36 MNOK
Mesh Oslo AS	−3.9%	3.7%	36 MNOK
Grieg Gaarden AS	47.7%	17.8%	36 MNOK
Møller Mobility Group MI AS	99.4%	84.9%	36 MNOK
Vestvannet Invest AS	43.4%	82.6%	36 MNOK
Anders Stien AS	22.7%	45.3%	36 MNOK
Storm Norge AS	70.0%	72.9%	36 MNOK
Bøkkerveien 5 AS	61.2%	90.7%	36 MNOK
Hsha Tomteutvikling AS	15.6%	1.5%	36 MNOK
Romerike Hus AS	6.0%	38.6%	35 MNOK
Killingnuten AS	1.6%	33.6%	35 MNOK
Promenaden Nsg 13 AS	44.3%	67.6%	35 MNOK
Mesna Senter AS	−5.6%	16.6%	35 MNOK
Glomma-Nes AS	3.7%	6.4%	35 MNOK
Vital Statera AS	13.2%	1.3%	35 MNOK
Kvartal 71 AS	68.0%	26.8%	35 MNOK
Eiendomsmegler 1 Østlandet AS	−20.6%	56.3%	35 MNOK
Bryn Næringspark AS	59.5%	27.9%	35 MNOK
Nydalen Allé 35 AS	44.5%	22.8%	35 MNOK
Lagårdsveien 78-80 AS	9.1%	11.1%	35 MNOK
Bauda AS	−43.5%	78.9%	35 MNOK
Hangaren Lade AS	69.2%	8.4%	35 MNOK
Søndersrød Eiendom AS	14.5%	22.9%	35 MNOK
Bne Paradis 1 AS	4.2%	96.2%	35 MNOK
Revetal Invest AS	53.9%	43.4%	34 MNOK
Trysilhusgruppen AS	−43.5%	36.8%	34 MNOK
Berger Invest AS	99.4%	99.1%	34 MNOK
Lagersjefen AS	5.8%	35.7%	34 MNOK
HELI-ONE LEASING (NORWAY) AS	46.3%	30.7%	34 MNOK
Store Norske Spitsbergen Kulkompani AS	−15.2%	71.0%	34 MNOK
Mestergruppen Tomteutvikling AS	29.1%	3.8%	34 MNOK
Frederik Stangs Gate 11/13 AS	25.9%	21.1%	34 MNOK
Vahls Gate 1-3 AS	17.1%	32.1%	34 MNOK
Brødr Maraak AS	14.6%	91.1%	33 MNOK
Garpeskjær Eiendom AS	52.5%	5.1%	33 MNOK
Fyrstikktorget Eiendom AS	70.2%	77.1%	33 MNOK
Gullgruven Senter AS	52.5%	74.2%	33 MNOK
Norgesgruppen Detalj AS	−15.5%	44.4%	33 MNOK
Finansparken Bjergsted AS	21.0%	71.9%	33 MNOK
The Apartments Company AS	−6.3%	27.7%	33 MNOK
Pals Eiendom AS	57.9%	80.2%	33 MNOK
Dafro Eiendom AS	5.4%	7.8%	33 MNOK
KLP Snipetjernveien 3 og 9 AS	81.6%	−104.1%	33 MNOK
Morenen Handelspark AS	50.5%	35.0%	33 MNOK
Kystens Hus AS	63.0%	39.7%	33 MNOK
Granitt Entreprenør AS	5.9%	58.1%	33 MNOK
Ppi Samfunnsbygg AS	−62.3%	18.7%	33 MNOK
Fjellsrud Utvikling AS	3.1%	2.9%	33 MNOK
Solsiden 1 AS	16.0%	12.8%	33 MNOK
Strømsveien 81 Utvikling AS	−10.0%	56.6%	33 MNOK
Salhusveien 90 AS	−24.1%	11.1%	33 MNOK
Økernveien 9 AS	45.9%	15.8%	33 MNOK
Trysilhus Unibo AS	−27.5%	5.8%	32 MNOK
Din Bustad AS	13.3%	58.5%	32 MNOK
Løkketangen 2-14B AS	35.0%	46.7%	32 MNOK
KLP Munkedamsveien 62 AS	29.4%	27.3%	32 MNOK
Parken Eiendomsmegling AS	17.1%	7.4%	32 MNOK
Royal Utbygging AS	12.4%	41.0%	32 MNOK
Biskop Gunnerus' Gate 6 AS	78.2%	31.9%	32 MNOK
Kollen Gaustatoppen AS	−10.8%	11.7%	32 MNOK
Avenyen Eiendom AS	75.9%	34.0%	32 MNOK
Nordbohus Utvikling AS	18.8%	45.5%	32 MNOK
Urbanhus Sørvest AS	5.0%	16.0%	32 MNOK
Stangeland Næringspark 1 AS	77.7%	25.2%	31 MNOK
Sandefjord Utvikling AS	2.6%	35.7%	31 MNOK
Bærum Eiendomsutvikling AS	3.4%	9.3%	31 MNOK
Lørenveien Næring AS	−69.3%	6.0%	31 MNOK
Longvagruppen AS	34.0%	18.4%	31 MNOK
Storskjæret AS	45.6%	14.7%	31 MNOK
Aksum Eiendomsinvest AS	60.2%	76.9%	31 MNOK
Moderne Hytter AS	0.7%	20.0%	31 MNOK
Bruvin Park AS	31.0%	24.3%	31 MNOK
Granmo Eiendomsutvikling AS	79.9%	76.8%	31 MNOK
Hamar Eiendomsmegling AS	2.2%	24.6%	31 MNOK
Horisont Drift AS	6.3%	43.3%	31 MNOK
SOLLI & Partnere AS	8.1%	22.7%	31 MNOK
Ivar Mjåland Eiendom AS	24.4%	37.8%	31 MNOK
Asker HQ Invest AS	−79.7%	21.9%	31 MNOK
Boligareal AS	0.3%	41.2%	31 MNOK
Kjelsåsveien 161 AS	82.5%	4.5%	30 MNOK
Nystøyl AS	96.2%	98.3%	30 MNOK
Bergeland Eiendom AS	71.2%	10.0%	30 MNOK
Refstadveien 50 AS	66.9%	0.1%	30 MNOK
Sterk Nord Vest AS	0.5%	6.8%	30 MNOK
Tordenskiolds Gate 8-10 AS	84.4%	58.3%	30 MNOK
Senterdrift Bergen AS	−0.6%	1.5%	30 MNOK
Eiendomsmegler A AS	−7.6%	12.2%	30 MNOK
Borgåsen Utvikling AS	4.0%	6.2%	30 MNOK
Drammen Stasjon Hotell AS	40.6%	7.9%	30 MNOK
Soria Moria Eiendomsmegling AS	17.8%	34.3%	30 MNOK
Tollbugata 1A AS	32.7%	23.3%	30 MNOK
Anthon Eiendom AS	−58.8%	40.2%	30 MNOK
Alco Eiendom 3 AS	56.4%	17.7%	30 MNOK
Rosenborggården AS	48.1%	3.5%	30 MNOK
Belstroj Eiendom AS	8.8%	13.1%	30 MNOK
Røa Torg Næring AS	27.6%	−2.2%	29 MNOK
CN Eiendomsutvikling AS	51.8%	51.6%	29 MNOK
Noramix Brands AS	−4.0%	40.3%	29 MNOK
Attivo Eiendomsutvikling II AS	−30.6%	8.8%	29 MNOK
Nygårdsgaten 93-97 AS	42.4%	6.8%	29 MNOK
Sunndal Utvikling AS	11.1%	12.4%	29 MNOK
Sluppenvegen 19 AS	56.8%	91.3%	29 MNOK
Marin Eiendomsutvikling AS	17.2%	12.4%	29 MNOK
Q4 Næringsmegling AS	25.4%	61.4%	29 MNOK
Nordre Aker Eiendomsmegling AS	21.6%	54.8%	29 MNOK
Frier Vest Asdal AS	−7.4%	0.6%	29 MNOK
Jonas Lies Gate 20 AS	78.2%	23.7%	29 MNOK
J.K. Utvikling AS	16.6%	0.3%	29 MNOK
Hans Gaarder AS	91.0%	64.6%	28 MNOK
THOR BERGSENG & CO AS	44.8%	39.0%	28 MNOK
Kjellstad Næringspark AS	61.1%	4.9%	28 MNOK
Posten Eiendom Stavanger AS	65.9%	11.0%	28 MNOK
Smartads AS	51.0%	23.8%	28 MNOK
Fantoft Utvikling AS	79.0%	2.9%	28 MNOK
Fanevik Tomteutbygging AS	19.0%	53.7%	28 MNOK
Jengo Invest AS	99.9%	99.3%	28 MNOK
SG 34 Eiendom AS	58.7%	66.6%	28 MNOK
Vassbotnen 23 AS	−37.9%	23.3%	28 MNOK
Oslo Boligutvikling AS	62.7%	0.8%	28 MNOK
Løren og Økern Eiendomsmegling AS	10.0%	37.2%	28 MNOK
Madein Oslo Restaurants AS	13.1%	0.6%	28 MNOK
Fagerborg K34 i AS	−6.3%	2.3%	28 MNOK
Johs Rasmussen AS	52.6%	93.9%	28 MNOK
Solheimsgaten 7 A AS	54.1%	10.3%	28 MNOK
Myrseth Eiendomsutvikling AS	4.9%	80.8%	28 MNOK
Optimuspistor AS	60.9%	91.2%	27 MNOK
Jahrestranda Næringspark AS	69.0%	79.7%	27 MNOK
PAUS & Paus Eiendom AS	38.3%	82.9%	27 MNOK
Boligforvaltning AS	−17.9%	63.0%	27 MNOK
JM Hansen Eiendom AS	46.6%	18.0%	27 MNOK
Kakadue Invest AS	92.0%	98.1%	27 MNOK
Bykle Nærings- og Utviklingsselskap AS	−2.4%	58.5%	27 MNOK
Byggmo Eiendom AS	54.7%	64.5%	27 MNOK
Vrådal Panorama Eiendom AS	57.9%	52.9%	27 MNOK
Pirsenteret Drift AS	5.0%	9.5%	27 MNOK
Arbeidsmandsforbundets Hus AS	54.4%	39.6%	27 MNOK
Ringebu Park AS	2.9%	5.6%	27 MNOK
Risbakken AS	8.8%	24.9%	27 MNOK
Vestby Næringspark Joh AS	53.3%	89.6%	27 MNOK
Ringholm 1 AS	71.6%	8.5%	27 MNOK
BENUM & Johansen AS	9.6%	6.7%	27 MNOK
Bjørkelid Panorama AS	18.9%	0.4%	27 MNOK
Stølsvik Bygg og Eiendom AS	23.1%	20.1%	27 MNOK
FH Holding 2 AS	94.6%	96.8%	27 MNOK
Norgani Hotell Kna AS	70.2%	36.1%	27 MNOK
Handelens og Sjøfartens Hus AS	53.3%	48.5%	26 MNOK
L A Meyer Eiendom AS	43.9%	86.3%	26 MNOK
Romerikshus AS	5.4%	15.8%	26 MNOK
Haverstad AS	−0.5%	64.9%	26 MNOK
Saja Eiendom AS	7.2%	19.1%	26 MNOK
Stubberudkroken AS	4.2%	5.6%	26 MNOK
Fyrstikkalléen 3 AS	63.9%	87.1%	26 MNOK
Larre Eiendom AS	9.2%	43.2%	26 MNOK
Bjørnstad Bygg Utvikling AS	2.5%	7.1%	26 MNOK
Pilares Eiendom AS	−24.0%	56.5%	26 MNOK
Hamang Næringssenter AS	74.6%	75.6%	26 MNOK
Terminalen Rigg AS	−3.9%	6.8%	26 MNOK
Maximgruppen AS	55.0%	42.4%	25 MNOK
Trehusene på Skarnes AS	−5.6%	10.4%	25 MNOK
Stillverksveien 28 AS	60.2%	83.9%	25 MNOK
Egenesgården AS	43.7%	22.2%	25 MNOK
Tungasletta 2 AS	64.7%	18.3%	25 MNOK
Norway Business Centre NO 18 AS	−5.0%	−5.1%	25 MNOK
Self Storage Group AS	−128.8%	48.6%	25 MNOK
ES Vest AS	60.3%	3.6%	25 MNOK
Valkendorfsgaten 6 AS	71.7%	13.1%	25 MNOK
Olavsvern Group AS	8.1%	33.4%	25 MNOK
Takst Team AS	6.7%	17.3%	25 MNOK
Smibygg AS	197.5%	22.5%	25 MNOK
Alleen Eiendom AS	31.6%	7.8%	25 MNOK
Kirkeveien 137 AS	4.5%	39.6%	25 MNOK
Kollen Skilodge AS	−5.9%	6.5%	25 MNOK
Barkåker T Eiendom AS	31.3%	0.4%	25 MNOK
Hmd Invest AS	5.7%	79.5%	25 MNOK
Brusletto Eiendom AS	0.3%	14.2%	25 MNOK
Breidablikk Investering AS	7.6%	−1.4%	25 MNOK
Ringstad Eiendom AS	−1.3%	27.1%	25 MNOK
Maya Bolig 4 AS	99.4%	29.3%	25 MNOK
Nærland Parken AS	31.9%	9.9%	25 MNOK
Øvre Romerike Eiendomsmegling AS	4.4%	25.2%	25 MNOK
Vestlandshus Sunnfjord AS	8.9%	23.7%	25 MNOK
Armadillo AS	74.1%	90.7%	25 MNOK
Bredesen Opset AS	−4.6%	71.9%	25 MNOK
Solsiden AS	37.6%	13.9%	25 MNOK
Kjeppestadveien 44 AS	66.3%	19.5%	25 MNOK
Møllerveien 2 AS	93.9%	72.2%	25 MNOK
Christiania Skibs AS	99.8%	97.4%	25 MNOK
Motorhallen AS	−108.7%	87.4%	25 MNOK
GC Helsehus AS	68.3%	2.0%	25 MNOK
AS P LTZ AASS	68.5%	93.1%	25 MNOK
Micheletveien 59-61 AS	73.0%	18.3%	25 MNOK
Relog Drift AS	5.8%	43.8%	24 MNOK
Four FM Norway AS	0.6%	6.0%	24 MNOK
Munch Brygge Eiendom AS	68.2%	55.1%	24 MNOK
Aalesund Industri og Finans AS	54.0%	85.0%	24 MNOK
Zeiner Bolig AS	−30.8%	24.7%	24 MNOK
Buskerud Boligutvikling AS	5.7%	32.1%	24 MNOK
Conceptor Bolig AS	−40.9%	42.1%	24 MNOK
Bergen Vest Eiendomsmegling AS	17.7%	16.1%	24 MNOK
Bergheim Syd AS	85.4%	31.9%	24 MNOK
Jessheim Næringspark AS	72.8%	14.7%	24 MNOK
Jerikoveien 28 AS	15.1%	36.1%	24 MNOK
Grorud Industrieiendommer AS	38.6%	86.2%	24 MNOK
Sagmoen Eiendomsutvikling AS	6.1%	28.7%	24 MNOK
Bolette Brygge 1 AS	66.9%	85.6%	24 MNOK
Scala BØ AS	49.7%	80.2%	24 MNOK
Mbe Utvikling AS	8.8%	25.4%	24 MNOK
Aktiv Eiendomsmegling Elverum AS	2.7%	14.7%	24 MNOK
Kongsberg Næringsbygg 11 AS	58.6%	49.1%	24 MNOK
Kilsund Eiendom AS	−5.0%	1.0%	24 MNOK
Oslo Eiendomssenter AS	−5.5%	9.7%	24 MNOK
Linkpro Bolig AS	11.7%	37.7%	24 MNOK
Fugleåsen 6 AS	78.7%	40.7%	24 MNOK
Harakollen Utvikling AS	11.9%	7.6%	24 MNOK
VOSS STASJON - Hotell AS	48.5%	30.9%	24 MNOK
Søren Bulls Vei 2 AS	82.0%	45.9%	24 MNOK
Bislett Eiendomsmegling AS	11.7%	14.4%	24 MNOK
Strandveien 13 AS	55.5%	20.7%	24 MNOK
Sørumsand Næringspark AS	72.5%	25.7%	24 MNOK
Henrik Ibsens Gate 4 AS	59.0%	6.9%	24 MNOK
Pegasi AS	78.1%	99.6%	23 MNOK
Aker Brygge Uteareal AS	38.0%	72.6%	23 MNOK
C5 Invest AS	52.2%	−0.1%	23 MNOK
Risavika 1 AS	87.6%	79.1%	23 MNOK
Egersund Eiendom Invest AS	78.8%	63.2%	23 MNOK
Butikkbygg Sørøst AS	43.9%	45.1%	23 MNOK
Jabe Eiendom AS	58.2%	30.1%	23 MNOK
Lakkegata 3-9 AS	41.6%	41.3%	23 MNOK
Sibas Eiendom AS	13.8%	−0.2%	23 MNOK
Leirvik Sveis A/S	86.5%	25.4%	23 MNOK
Grønland 67 AS	63.0%	56.0%	23 MNOK
Posten Eiendom Tromsø AS	49.2%	0.0%	23 MNOK
COOP Raufoss Kjøpesenter AS	45.5%	54.0%	23 MNOK
E & H Eiendom AS	8.6%	27.0%	23 MNOK
Austrått Utvikling AS	4.2%	7.7%	23 MNOK
Frontline Grünerløkka Eiendomsmegling AS	4.8%	16.5%	23 MNOK
Wullum Hus AS	58.0%	3.3%	23 MNOK
Grønland 36 AS	74.3%	87.0%	23 MNOK
Falkenborgvegen 28 AS	44.0%	4.5%	23 MNOK
Kremmergaarden Holding AS	58.4%	35.8%	23 MNOK
Nøstet Bergen AS	37.4%	0.9%	23 MNOK
Fjellhamar Bruk Eiendom AS	−41.9%	−1.2%	23 MNOK
Flyporten AS	82.3%	65.6%	23 MNOK
Landkreditt Eiendom AS	1.3%	56.9%	23 MNOK
Hillevågsveien 24 Hjelpeselskap AS	96.4%	30.7%	23 MNOK
Mojo Management AS	3.2%	21.6%	23 MNOK
Moss Bygg og Eiendom AS	8.6%	12.4%	22 MNOK
D44 Eiendom AS	53.6%	19.6%	22 MNOK
Trøndelag Bolig AS	6.2%	5.9%	22 MNOK
Citycon Kremmertorget Eiendom AS	25.1%	45.4%	22 MNOK
Terminalen 4 Lier AS	66.0%	78.9%	22 MNOK
Tandberg Eiendom Avdeling Agrokvartalet AS	71.2%	67.9%	22 MNOK
Vsv Eiendom AS	96.9%	97.5%	22 MNOK
Marineholmen Basen AS	51.9%	52.2%	22 MNOK
Kynningsrud Valle AS	79.7%	1.5%	22 MNOK
Damsgårdsveien 161-171 AS	44.4%	39.4%	22 MNOK
Sandstuveien 68 AS	−8.0%	94.0%	22 MNOK
Leif Hübert Eiendom AS	72.8%	64.2%	22 MNOK
Akersborg AS	32.3%	11.5%	22 MNOK
Elvegaten Eiendom Invest AS	61.6%	30.2%	22 MNOK
Økern Forvaltning AS	−0.5%	49.8%	22 MNOK
Fanteria AS	35.5%	15.8%	22 MNOK
Leieeie AS	36.7%	33.5%	22 MNOK
Foretakseiendom AS	62.5%	21.3%	22 MNOK
Rica Alta AS	75.2%	23.0%	22 MNOK
Frelsesarmeens Næringseiendom AS	10.7%	14.5%	22 MNOK
AS STATSTILSATTES HUS	12.8%	20.2%	22 MNOK
Lilleeng AS	71.6%	29.9%	22 MNOK
Skjetnemarkvegen 68 AS	1.5%	−298.0%	22 MNOK
Grus Eiendom AS	55.4%	25.0%	22 MNOK
Agenda Eiendom AS	1.9%	18.2%	22 MNOK
Kalfarveien 31 AS	34.7%	3.9%	22 MNOK
Amfi Drift AS	−0.7%	83.3%	22 MNOK
Gauldal Utbygging AS	12.8%	15.1%	22 MNOK
Johan Troye AS	98.3%	81.5%	22 MNOK
Byggteknikk Prosjekt AS	1.4%	21.9%	21 MNOK
Veum Hageby AS	14.9%	22.9%	21 MNOK
Arkitekthus AS	0.1%	57.7%	21 MNOK
BAKKE SØRVIK & Partners AS	15.0%	44.6%	21 MNOK
Tempeveien 15 AS	51.5%	40.5%	21 MNOK
Grorudhagen AS	71.8%	76.8%	21 MNOK
Storgata 44 Tromsø AS	51.5%	3.4%	21 MNOK
Smelteverket Eiendom AS	39.2%	33.5%	21 MNOK
Nordvik Oppgjør AS	38.2%	1.6%	21 MNOK
Schwabesgate 9/11 AS	−0.3%	4.7%	21 MNOK
Glitra Finans AS	32.2%	15.1%	21 MNOK
Imr Property AS	66.5%	86.2%	21 MNOK
Mesterbygg Nordby AS	1.7%	27.4%	21 MNOK
Eltervaag Eiendom AS	6.7%	28.8%	21 MNOK
Hillevågskvartalet AS	52.3%	27.5%	21 MNOK
Akersgata 34-36 AS	72.1%	86.5%	21 MNOK

Holding and investment companies · 2023

2,209 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: 921 have at least 10 MNOK in assets and are listed.

Holding and investment companies
Rank	Company	Score	Equity ratio	Return on assets	Current ratio	Total assets
1	Jusoje Invest AS	97	100.0%	87.4%	3,360.50	17 MNOK
2	Ibj Invest AS	96	100.0%	82.4%	4,877.54	13 MNOK
3	Foha Holding AS	96	100.0%	99.8%	2,343.69	16 MNOK
4	Tore Ravndal Holding AS	96	100.0%	48.6%	–	22 MNOK
5	Anne Mette Knutsen Holding AS	94	99.9%	101.9%	534.71	21 MNOK
6	Leonard Invest AS	94	100.0%	44.4%	1,623.08	13 MNOK
7	Lonø Holding AS	93	99.9%	57.5%	928.20	307 MNOK
8	Kimek Holding AS	93	100.0%	35.5%	–	27 MNOK
9	Fabian Holding AS	92	100.0%	37.0%	2,897.22	378 MNOK
10	Corrente Holding AS	91	100.0%	27.4%	–	19 MNOK
11	Rigmaas Holding AS	91	99.8%	48.0%	1,180.26	45 MNOK
12	Mda Holding AS	91	99.8%	47.5%	592.05	11 MNOK
13	Mahmood Holding AS	90	100.0%	46.4%	67.56	29 MNOK
14	Egelund Invest AS	90	99.7%	73.4%	316.85	30 MNOK
15	Khk Holding AS	90	99.7%	56.2%	335.05	17 MNOK
16	Nacapa Invest AS	90	100.0%	23.1%	8,046.73	14 MNOK
17	Zimmer Holding AS	89	99.7%	54.9%	275.04	12 MNOK
18	Tor-Erik Johnsen Invest AS	89	99.9%	28.2%	511.09	14 MNOK
19	Leh Holding AS	89	99.9%	25.4%	1,035.79	12 MNOK
20	Ogårdslien Invest AS	88	99.9%	26.5%	746.12	10 MNOK

Show all 100

Rank	Company	Score	Total assets
21	Tuen Investering AS	88	15 MNOK
22	Global Capital AS	88	12 MNOK
23	Goo Invest AS	88	11 MNOK
24	Bjånesø Holding AS	87	11 MNOK
25	Breverud Holding AS	87	18 MNOK
26	Notto Holding AS	87	11 MNOK
27	HUTH & Wien Invest AS	87	58 MNOK
28	Dalund Holding AS	87	47 MNOK
29	Wico Invest AS	86	21 MNOK
30	Oxaal Holding AS	86	51 MNOK
31	Safari Invest AS	86	21 MNOK
32	Joran Holding AS	86	211 MNOK
33	Skarpen Invest AS	86	11 MNOK
34	Anderich Invest AS	86	25 MNOK
35	G1 Holding AS	85	20 MNOK
36	Tommel Opp Invest AS	85	10 MNOK
37	Tikea Invest AS	85	12 MNOK
38	Gex Capital AS	85	12 MNOK
39	Rika Invest AS	85	22 MNOK
40	Jessheim Bil Holding AS	84	18 MNOK
41	Karl Invest AS	84	21 MNOK
42	Angur Invest AS	84	54 MNOK
43	Jwh Invest AS	84	14 MNOK
44	Bøl Holding AS	84	13 MNOK
45	EJ Holding AS	84	25 MNOK
46	Ø J Holding AS	84	17 MNOK
47	Ivar Weider Moen Holding AS	84	31 MNOK
48	Haitoukin Invest AS	83	50 MNOK
49	J.London Holding AS	83	44 MNOK
50	Arne Sjule Holding AS	83	29 MNOK
51	Borgåsen Holding AS	83	29 MNOK
52	Gsg Invest AS	83	16 MNOK
53	Arco Investering AS	82	35 MNOK
54	Kyruco Investments AS	82	17 MNOK
55	Pis Invest AS	82	52 MNOK
56	Piv Invest AS	82	13 MNOK
57	O.S Holding AS	82	12 MNOK
58	Wangene Holding AS	82	22 MNOK
59	AE Bulk Co-Invest AS	82	37 MNOK
60	Chapel Hill Invest AS	82	39 MNOK
61	Daka Invest AS	82	23 MNOK
62	Lisa Henriksen Holding AS	82	15 MNOK
63	Hansens Holding AS	82	37 MNOK
64	Mista Invest AS	82	20 MNOK
65	Opshaug Holding AS	81	11 MNOK
66	Lurhaug Invest AS	81	36 MNOK
67	Egbo Invest AS	81	46 MNOK
68	Como Invest AS	81	40 MNOK
69	Kveil Invest AS	81	32 MNOK
70	Mno Holding AS	81	26 MNOK
71	Robeerst Holding AS	80	24 MNOK
72	Faraven Invest AS	80	87 MNOK
73	Voredalen Holding AS	80	10 MNOK
74	Erik Iversen Holding AS	80	33 MNOK
75	S.G. Invest AS	80	49 MNOK
76	Lgt Invest AS	80	26 MNOK
77	Areie Holding AS	80	15 MNOK
78	Tuk Holding AS	80	105 MNOK
79	Komet Invest AS	80	11 MNOK
80	Hisno Invest AS	80	35 MNOK
81	Bolero Invest AS	79	29 MNOK
82	Notek Holding AS	79	55 MNOK
83	HAV til Hei Holding AS	79	59 MNOK
84	Mikkmatt Invest AS	78	28 MNOK
85	Dag Invest AS	78	18 MNOK
86	Ete Invest AS	78	49 MNOK
87	Pkr Invest AS	78	13 MNOK
88	B.T. Holding AS	78	35 MNOK
89	Mgh-Holding AS	78	14 MNOK
90	Ipahla Invest AS	77	35 MNOK
91	V-Holding AS	77	179 MNOK
92	A Hannevold Holding AS	77	20 MNOK
93	Hein Holding AS	77	113 MNOK
94	Esl 24 Holding AS	77	86 MNOK
95	F600 Invest AS	77	31 MNOK
96	Gry Ansgar Invest AS	77	16 MNOK
97	Drive Holding AS	76	21 MNOK
98	Bøffel Holding AS	76	44 MNOK
99	Fanebust Invest AS	76	23 MNOK
100	Aksel Valen Holding AS	75	76 MNOK

Score 0–100 against the other holding companies in the sector: equity ratio 40 %, return on assets 40 % and current ratio 20 %. Methodology

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%	10.0%
2023	44.6%	26.7%
2024	45.5%	26.4%
2025	46.6%	27.3%
2026	58.6%	40.2%

In 2022, 24 ranked companies did better than the sector, 19 about the same and 18 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)

Latest value: 4.50 (2026-10)

Policy rate fell 0.20 percentage points in 2025; the sector's median operating margin rose 1.1 percentage points.

Policy rate per year and the sector's median operating margin
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	–	31.0%	44.6%	45.5%	46.6%	58.6%

Source: Norges Bank (IR, NLOD 2.0). Source · fetched 2 November 2026

Construction cost index for dwellings (indeks (2015 = 100))

Latest value: 160.3 (2026M09)

Construction cost index for dwellings rose 4.3% in 2025; the sector's median operating margin rose 1.1 percentage points.

Construction cost index for dwellings per year and the sector's median operating margin
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%	44.6%	45.5%	46.6%	58.6%

Source: SSB (08651, CC BY 4.0). Source · fetched 2 November 2026

Consumer price index (indeks (2025 = 100))

Latest value: 104.0 (2026M09)

Consumer price index rose 3.0% in 2025; the sector's median operating margin rose 1.1 percentage points.

Consumer price index per year and the sector's median operating margin
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%	44.6%	45.5%	46.6%	58.6%

Source: SSB (14710, CC BY 4.0). Source · fetched 2 November 2026

When policy rate fell in 2025, 3,829 of 6,922 ranked companies kept their operating margin at or above the year before. Among the largest: OBOS Block Watne AS (−7.7% → 1.3%), 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%).

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 · 1 MNOK (2025)
Brande Eiendom AS 925893811 Voluntary liquidation · 31 October 2026 · 1 MNOK (2025)
Brande Holding AS 928469220 Voluntary liquidation · 31 October 2026 · 0 MNOK (2025)
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 · 0 MNOK (2025)
Eiby AS 827032522 Voluntary liquidation · 31 October 2026
Eidettoppen Eiendom AS 928086127 Voluntary liquidation · 31 October 2026 · 0 MNOK (2025)

All bankruptcies and liquidations in the sector

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