Forretningsmessig tjenesteyting
FollowDownload sector report (PDF)2,090 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
- ISS Facility Services AS+11
No large changes in the key figures from 2022 to 2023.
- Seadrill Norway Crew AS−11
From 2022 to 2023: revenue fell by 51%.
- Wex Europe Services AS+4
From 2022 to 2023: revenue fell by 15%.
Top lists in the sector · 2023 · Morning class Large
The five largest companies account for 26% of the sector's revenue. Combined profit before tax for the 57 ranked companies: 5,177 MNOK.
Size
The largest by revenue and employees, and who earns the most per employee.
Highest revenue
- ISS Facility Services AS 5,740 MNOK
- Ayvens Norge AS 4,481 MNOK
- REMA 1000 Norge AS 4,442 MNOK
- Ving Norge AS 4,056 MNOK
- Norwegian Crew Services AS 3,456 MNOK
Operating revenue.
Most employees
- ISS Facility Services AS 7,243
- Manpower AS 5,551
- Adecco Norge AS 5,358
- 4Service Eir Renhold AS 3,888
- Jobzone Norge AS 3,663
Employees according to the Central Coordinating Register.
Highest revenue per employee
- Wex Europe Services AS 122.2 MNOK
- Ework Group Norway AS 79.5 MNOK
- Ving Norge AS 78.0 MNOK
- Norwegian Crew Services AS 76.8 MNOK
- Tui Norge AS 36.7 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
- REMA 1000 AS 99.7%
- Mst Grand Banks Shipping AS 56.9%
- Kiwi Minidrift AS 42.6%
- Food Folk Norge AS 35.5%
- Vend Marketplaces AS 34.0%
Operating result divided by operating revenue.
Largest profit
- REMA 1000 AS 2,049 MNOK
- Vend Marketplaces AS 1,186 MNOK
- ISS Facility Services AS 488 MNOK
- Ayvens Norge AS 437 MNOK
- Kiwi Minidrift AS 344 MNOK
Profit before tax.
Largest loss
- Kredinor AS −527 MNOK
- REMA 1000 Norge AS −204 MNOK
- Reitan Convenience Norway AS −188 MNOK
- Mst Grand Banks Shipping AS −132 MNOK
- Cramo AS −105 MNOK
Profit before tax, the largest negative.
Most solid
- Grieg Shipping II AS 72.9%
- Insider Facility Solutions AS 48.5%
- Semco Maritime Drift AS 46.2%
- Coor Cleaning Catering and Property AS 44.3%
- Anticimex A/S 39.7%
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
Revenue growth from the year before, only from at least NOK 10 million in revenue.
Largest revenue decline
- Seadrill Norway Crew AS −51.5%
- Wex Europe Services AS −14.5%
Revenue decline from the year before, only from at least NOK 10 million in revenue.
Biggest climbers
- ISS Facility Services AS +10.1 points
- Wex Europe Services AS +4.6 points
Change in index points from the year before.
Biggest fallers
- Seadrill Norway Crew AS −10.5 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.
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. Dashed lines show where the 3 companies that moved most stood in 2022 (small ring).
- ISS Facility Services AS profitability 61 → 77, solidity 44 → 53
- Wex Europe Services AS profitability 35 → 28, solidity 47 → 60
- Seadrill Norway Crew AS profitability 70 → 71, solidity 28 → 23
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 3.0%. 1 of 58 companies have negative equity. The median equity ratio is 19.5%.
All figures are for fiscal year 2023. Ranked: 57 operating companies. Holding companies, excluded companies and companies without enough data are shown but not ranked. How to read the index
- 2 companies report in another currency. Their revenue is converted at the mean rate for the accounting period and makes up 2% of the total.
Climbers and fallers · Morning class Large
Change in rank from 2022 to 2023, for 3 companies ranked in both years.
Climbers
None.
Fallers
- 35Seadrill Norway Crew ASfrom rank 2 to 3739
- 25Wex Europe Services ASfrom rank 3 to 2849
- 10ISS Facility Services ASfrom rank 1 to 1165
Awards · 2023 · Morning class Large
Needs attention · 2023 · Morning class Large
35 companies show at least one warning sign. Showing the 15 most important.
- criticalMst Grand Banks Shipping ASNegative equity · Current ratio below 1 (0.65) · Loss before tax
- watchNorwegian Crew Services ASVery low equity ratio (0.2%) · Current ratio below 1 (1.00) · Loss before tax
- watchPersonalhuset Staffing Group ASVery low equity ratio (9.4%) · Current ratio below 1 (0.56) · Loss before tax
- watchCramo ASVery low equity ratio (8.7%) · Current ratio below 1 (1.00) · Loss before tax
- watchREMA 1000 Norge ASCurrent ratio below 1 (0.41) · Loss before tax
- watchVend Marketplaces ASVery low equity ratio (6.6%) · Current ratio below 1 (0.94)
- watchTui Norge ASVery low equity ratio (6.4%) · Loss before tax
- watchRenta ASCurrent ratio below 1 (0.59) · Loss before tax
- watchNes Fircroft Norge ASVery low equity ratio (9.1%) · Loss before tax
- watchDrivalia Lease Norge ASVery low equity ratio (8.4%) · Current ratio below 1 (0.44)
- watchAyvens Norge ASCurrent ratio below 1 (0.14)
- watchAvarn Security ASCurrent ratio below 1 (0.94)
- watchCoor Service Management ASCurrent ratio below 1 (0.99)
- watchREMA 1000 ASCurrent ratio below 1 (0.61)
- watchManpower 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
| Company | Operating margin | Equity ratio | Revenue |
|---|---|---|---|
| Anticimex A/S | 13.3% | 39.7% | 573 MNOK |
| Grieg Shipping II AS | 19.9% | 72.9% | 1,386 MNOK |
| Semco Maritime Drift AS | 5.9% | 46.2% | 543 MNOK |
| Coor Cleaning Catering and Property AS | 4.1% | 44.3% | 620 MNOK |
| Kiwi Minidrift AS | 42.6% | 30.7% | 744 MNOK |
| Food Folk Norge AS | 35.5% | 17.6% | 599 MNOK |
| Insider Facility Solutions AS | 1.6% | 48.5% | 1,035 MNOK |
| Securitas Technology AS | 3.4% | 26.6% | 776 MNOK |
| Ramirent AS | 8.5% | 37.0% | 1,315 MNOK |
| Ventor Energi Norge AS | 3.7% | 21.7% | 623 MNOK |
| ISS Facility Services AS | 6.0% | 20.5% | 5,740 MNOK |
| Agaia AS | 6.1% | 24.7% | 832 MNOK |
| Dedicare AS | 9.9% | 14.8% | 802 MNOK |
| Autoplan AS | 4.0% | 18.8% | 2,244 MNOK |
| Pedagogisk Vikarsentral AS | 1.4% | 23.6% | 525 MNOK |
| Manpower AS | −0.3% | 39.2% | 1,924 MNOK |
| Dovre Solutions AS | 1.2% | 28.0% | 629 MNOK |
| REMA 1000 AS | 99.7% | 15.0% | 2,032 MNOK |
| Utleiecompagniet AS | 15.6% | 22.6% | 1,132 MNOK |
| EP Engros AS | 0.2% | 26.6% | 1,570 MNOK |
| Coor Service Management AS | 0.7% | 30.8% | 2,134 MNOK |
| Intrum AS | −7.9% | 31.6% | 883 MNOK |
| 4Service Eir Renhold AS | 9.4% | 10.2% | 1,316 MNOK |
| Renta AS | 3.5% | 27.7% | 1,052 MNOK |
| European Cruise Service AS | 3.0% | 12.6% | 1,268 MNOK |
| Haugesund Skips og Offshore Service AS | 6.1% | 6.6% | 554 MNOK |
| Norske Tog AS | 27.7% | 25.9% | 1,447 MNOK |
| Wex Europe Services AS | 0.5% | 22.9% | 1,711 MNOK |
| Ving Norge AS | 2.1% | 12.1% | 4,056 MNOK |
| Vend Marketplaces AS | 34.0% | 6.6% | 3,387 MNOK |
| First Rent A Car Norway AS | 9.3% | 19.5% | 897 MNOK |
| Avarn Security AS | 2.5% | 36.8% | 2,222 MNOK |
| Vaktmesterkompaniet AS | −0.9% | 24.9% | 985 MNOK |
| Securitas AS | 2.0% | 12.7% | 1,900 MNOK |
| Ayvens Norge AS | 20.4% | 11.0% | 4,481 MNOK |
| Mde Stavanger AS | 1.8% | 11.0% | 887 MNOK |
| Seadrill Norway Crew AS | 4.9% | 9.0% | 681 MNOK |
| Verisure AS | 14.9% | 0.2% | 1,366 MNOK |
| Nes Fircroft Norge AS | 0.3% | 9.1% | 948 MNOK |
| Reitan Convenience Norway AS | −21.8% | 27.3% | 783 MNOK |
| Kredinor AS | −37.8% | 27.3% | 728 MNOK |
| Avarn Security Aviation AS | 3.0% | 5.9% | 828 MNOK |
| Polygon AS | 0.1% | 24.2% | 710 MNOK |
| Drivalia Lease Norge AS | 15.5% | 8.4% | 656 MNOK |
| Adecco Norge AS | −4.8% | 20.9% | 1,747 MNOK |
| Adecco Solutions AS | −6.5% | 20.4% | 505 MNOK |
| Jobzone Norge AS | 1.3% | 8.0% | 822 MNOK |
| Mst Grand Banks Shipping AS | 56.9% | −2.1% | 563 MNOK |
| Kjøpmannshuset Norge AS | −1.9% | 19.5% | 522 MNOK |
| 3 Step IT AS | 1.3% | 6.6% | 1,042 MNOK |
| Ework Group Norway AS | 2.0% | 1.8% | 1,908 MNOK |
| REMA 1000 Norge AS | 6.9% | 10.2% | 4,442 MNOK |
| Nes Advantage AS | 1.2% | 5.5% | 1,467 MNOK |
| Cramo AS | 0.0% | 8.7% | 867 MNOK |
| Personalhuset Staffing Group AS | −0.8% | 9.4% | 874 MNOK |
| Norwegian Crew Services AS | 1.2% | 0.2% | 3,456 MNOK |
| Tui Norge AS | −2.3% | 6.4% | 2,461 MNOK |
Holding and investment companies · 2023
130 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: 42 have at least 10 MNOK in assets and are listed.
| Rank | Company | Score | Equity ratio | Return on assets | Current ratio | Total assets |
|---|---|---|---|---|---|---|
| 1 | Tee Invest AS | 97 | 99.8% | 77.8% | 527.11 | 13 MNOK |
| 2 | Sterud Holding AS | 91 | 99.9% | 24.1% | 701.15 | 66 MNOK |
| 3 | LJ IP Holding AS | 82 | 99.9% | 13.0% | 438.60 | 10 MNOK |
| 4 | Sinclair Holding AS | 79 | 99.8% | 16.7% | 359.18 | 35 MNOK |
| 5 | Naboen Holding AS | 78 | 99.1% | 31.9% | 30.98 | 61 MNOK |
| 6 | Andvari Investment Research AS | 77 | 98.8% | 36.1% | 54.63 | 235 MNOK |
| 7 | Ahw Holding AS | 70 | 99.7% | 8.8% | 278.30 | 63 MNOK |
| 8 | Khv Holding AS | 69 | 99.6% | 9.1% | 176.75 | 29 MNOK |
| 9 | Z&E Holding AS | 67 | 97.2% | 20.8% | 31.02 | 17 MNOK |
| 10 | NP Bodø Holding AS | 67 | 98.4% | 17.7% | 54.71 | 20 MNOK |
| 11 | Løå Invest AS | 67 | 98.9% | 12.8% | 62.02 | 15 MNOK |
| 12 | Anders Haga Holding AS | 65 | 100.0% | 3.6% | – | 10 MNOK |
| 13 | Voco Invest AS | 58 | 99.1% | 3.4% | 123.26 | 21 MNOK |
| 14 | Park Holding AS | 56 | 79.8% | 47.6% | 3.95 | 31 MNOK |
| 15 | Trulavi Invest AS | 55 | 87.3% | 25.3% | 6.04 | 22 MNOK |
| 16 | Fecadu Invest AS | 55 | 99.8% | −1.0% | 313.19 | 31 MNOK |
| 17 | Vestland Invest AS | 53 | 89.9% | 17.7% | 10.20 | 344 MNOK |
| 18 | Brødrene Kverneland Invest AS | 52 | 98.0% | 6.7% | 22.38 | 67 MNOK |
| 19 | Kolle Holding AS | 52 | 88.2% | 19.6% | 8.37 | 58 MNOK |
| 20 | Eckhoff Invest AS | 52 | 99.0% | 4.4% | 14.13 | 16 MNOK |
Show all 42
| Rank | Company | Score | Total assets |
|---|---|---|---|
| 21 | Traa Holding AS | 51 | 12 MNOK |
| 22 | Almehagen Holding AS | 50 | 23 MNOK |
| 23 | Hetu Holding AS | 47 | 31 MNOK |
| 24 | Egner Holding AS | 46 | 53 MNOK |
| 25 | Knas Holding AS | 44 | 14 MNOK |
| 26 | S.Holding AS | 44 | 11 MNOK |
| 27 | Habberstad Holding AS | 43 | 11 MNOK |
| 28 | Malelu Holding AS | 43 | 12 MNOK |
| 29 | Tøn Holding AS | 42 | 12 MNOK |
| 30 | Peaas Invest AS | 41 | 90 MNOK |
| 31 | Grøjbdle Invest AS | 41 | 26 MNOK |
| 32 | Pap Stavanger Holding AS | 41 | 16 MNOK |
| 33 | Trallfa Capital AS | 40 | 249 MNOK |
| 34 | Premium Travel Holding AS | 30 | 23 MNOK |
| 35 | Roy Andersen Holding AS | 30 | 18 MNOK |
| 36 | Betongforbedring Holding AS | 27 | 112 MNOK |
| 37 | Kai Canari Holding AS | 25 | 329 MNOK |
| 38 | Amundsen Holding Bodø AS | 23 | 22 MNOK |
| 39 | Nes Fircroft Holdings Norway AS | 16 | 1,216 MNOK |
| 40 | Olympic Wind Holding AS | 15 | 414 MNOK |
| 41 | Kgt Holding AS | 15 | 28 MNOK |
| 42 | Klaveness Marine Holding AS | 7 | 3,005 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. 16 of 22 on median operating margin
Scenario analysis: the sector's weakest year
The sector's weakest year was 2026, with a median operating margin of −3.2%.
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 |
|---|---|---|
| 2017 | – | – |
| 2019 | – | – |
| 2020 | – | – |
| 2021 | 0.4% | −57.3% |
| 2022 | 4.6% | 18.9% |
| 2023 | 4.1% | 24.5% |
| 2024 | 3.8% | 24.2% |
| 2025 | 4.3% | 24.4% |
| 2026 · weakest year | −3.2% | 33.1% |
In 2026, 3 ranked companies did better than the sector, 0 about the same and 3 weaker.
Held up best in 2026
- 1Wings Travel Management ASequity ratio 33.4%21.7%
- 2Releasy ASequity ratio 3.0%6.1%
- 3Specsavers Norway ASequity ratio 32.7%1.8%
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 | 0.4% | 4.6% | 4.1% | 3.8% | 4.3% | −3.2% |
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 | 0.4% | 4.6% | 4.1% | 3.8% | 4.3% | −3.2% |
Source: Norges Bank (IR, NLOD 2.0). Source · fetched 3 November 2026
When policy rate fell in 2025, 1,072 of 2,135 ranked companies kept their operating margin at or above the year before. Among the largest: Ving Norge AS (2.1% → 2.9%), Tui Norge AS (−0.9% → 0.4%), Nes Advantage AS (1.3% → 1.7%), Norwegian Crew Services AS (0.9% → 1.6%), Securitas AS (4.0% → 5.0%).
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
- 24,037
- +0.8% from 2023
- Persons employed
- 135,093
- −2.5% from 2023
- Turnover
- NOK 263.7 bn
- +6.7% from 2023
- Gross operating margin
- 15.3%
- Gross operating surplus divided by turnover
All enterprises, sole proprietorships included.
Bankruptcies in the industry
194 enterprise bankruptcies in the last four quarters (2025K4–2026K3). Change +3.2% against the four quarters before (188). That is about 8.1 per 1,000 enterprises.
Foreign-controlled enterprises · 2024
- Share of enterprises
- 2.6%
- Share of persons employed
- 36.2%
- Share of turnover
- 36.9%
SSB publishes this for groups of industries only. The figures are for the group “Forretningsmessig tjenesteyting”.
Turnover index · Forretningsmessig tjenesteyting
145.4 index, 2021 = 100, seasonally adjusted · 2026M08
+2.3% against 2025M08.
Monthly, 2023M08 to 2026M08.
Source: Statistics Norway (SSB), table 12910, table 10790, table 08085, table 13863. 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
- Arc Bergen AS 933776182 Voluntary liquidation · 3 November 2026 · 1 MNOK (2025)
- Hosj AS 915363849 Voluntary liquidation · 3 November 2026 · 0 MNOK (2025)
- Van TO GO AS 935765234 Voluntary liquidation · 3 November 2026 · 0 MNOK (2025)
- AS NORSK REISELIV 952498843 Voluntary liquidation · 2 November 2026
- Alvin Maskin og Utleie AS 938482845 Voluntary liquidation · 31 October 2026
- Atlas Technology Solutions Norway AS 917555818 Forced dissolution · 31 October 2026 · 15 MNOK (2025)
- Birgits Florida AS 897801302 Voluntary liquidation · 31 October 2026 · 1 MNOK (2025)
- Din Rekrutterer AS 914593972 Voluntary liquidation · 31 October 2026
Industry codes (NACE)
| Code | Description |
|---|---|
| 77* | Hele hovedgruppe 77 |
| 77.110 | Utleie og leasing av biler og andre lette motorvogner |
| 77.120 | Utleie og leasing av lastebiler |
| 77.210 | Utleie og leasing av sports- og fritidsutstyr |
| 77.220 | Utleie og leasing av andre husholdningsvarer og varer til personlig bruk |
| 77.310 | Utleie og leasing av landbruksmaskiner og -utstyr |
| 77.320 | Utleie og leasing av bygge- og anleggsmaskiner og -utstyr |
| 77.330 | Utleie og leasing av kontor- og datamaskiner |
| 77.340 | Utleie og leasing av sjøtransportmateriell |
| 77.350 | Utleie og leasing av lufttransportmateriell |
| 77.390 | Utleie og leasing av andre maskiner og annet utstyr og materiell ikke nevnt annet sted |
| 77.400 | Leasing av immateriell eiendom og lignende produkter, unntatt opphavsrettsbeskyttede verker |
| 77.510 | Formidlingstjenester tilknyttet utleie og leasing av biler, campingbiler og tilhengere |
| 77.520 | Formidlingstjenester tilknyttet utleie og leasing av andre materielle varer og immateriell eiendom og lignende produkter |
| 78* | Hele hovedgruppe 78 |
| 78.100 | Rekruttering og formidling av arbeidskraft |
| 78.200 | Utleie av arbeidskraft og andre personaladministrative tjenester |
| 79* | Hele hovedgruppe 79 |
| 79.110 | Reisebyråvirksomhet |
| 79.121 | Aktiviteter utført av utflukts- og eventarrangører |
| 79.122 | Reisearrangørvirksomhet ellers |
| 79.901 | Aktiviteter utført av turistkontorer og destinasjonsselskaper |
| 79.902 | Guide- og reiseledervirksomhet |
| 80* | Hele hovedgruppe 80 |
| 80.010 | Etterforskningstjenester og private vakttjenester |
| 80.090 | Vakttjenester ikke nevnt annet sted |
| 81* | Hele hovedgruppe 81 |
| 81.100 | Kombinerte tjenester tilknyttet eiendomsdrift |
| 81.210 | Rengjøring av bygninger |
| 81.220 | Utvendig rengjøring av bygninger og industriell rengjøring |
| 81.230 | Annen rengjøringsvirksomhet og snømåking |
| 81.300 | Beplantning av hager og parkanlegg |
| 82* | Hele hovedgruppe 82 |
| 82.100 | Kontortjenester |
| 82.200 | Telefonvakttjenester og telefonsalg |
| 82.300 | Kongress-, messe- og utstillingsvirksomhet |
| 82.400 | Formidlingstjenester tilknyttet forretningsmessig tjenesteyting ikke nevnt annet sted |
| 82.910 | Inkasso- og kredittopplysningsvirksomhet |
| 82.920 | Pakkevirksomhet |
| 82.990 | Annen forretningsmessig tjenesteyting ikke nevnt annet sted |