Sector

Kultur og fritid

1,028 companies ranked against comparable companies in four Morning company classes. Fiscal year 2024. 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 · 2024 · Morning class Medium

Morning class Medium · 2024
#	Company	Profile	Score	Change
1	Alan Walker AS	Leader	91	+1
2	Til Fotball AS	Leader	84	+8
3	Sporty Norge AS	Leader	77	+3
4	Museum Nord Næringsdrift AS	Leader	77	+4
5	Aurora Music AS	Leader	77	−15
6	Scenekvelder AS	Leader	74	+31
7	Tryvannwyller AS	Leader	72	+3
8	Sats Vest AS	Leader	72	+6
9	Museene i Sør-Trøndelag AS	Leader	71	−12
10	Lucky Bowl Norge AS	Sprinter	71	+39
11	Tons of Rock Festival AS	Sprinter	71	+22
12	Feel24 AS	Sprinter	69	+16
13	Uno-X Mobility Cycling AS	Steward	68	+12
14	AS NORDLAND TEATER	Steward	68	+1
15	Oslo Konserthus AS	Leader	67	+8
16	Kongsberg Skisenter AS	Sprinter	67	+13
17	Trøndelag Teater AS	Leader	66	+2
18	Telemark og Vestfold Regionteater AS	Steward	65	+4
19	Auditorium AS	Leader	65	−4
20	Dansens Hus AS	Steward	65	+16
21	Viking Fotball AS	Leader	63	+15
22	Arktisk Filharmoni AS	Leader	63	−7
23	Spilleriet AS	Steward	62	−4
24	Holmenkollen Skifestival AS	Steward	62	−16
25	Rogaland Teater AS	Steward	61	+1
26	Leos Lekeland Norge AS	Leader	61	−20
27	Hove West AS	Steward	61	−6
28	Oslo Nye Teater AS	Sprinter	60	+57
29	Eventyrlie AS	Sprinter	59	+9
30	Idyll Festivalen AS	Sprinter	58	+9
31	Museene Arven AS	Steward	57	−11
32	Abel Health AS	Sprinter	56	+11
33	Fresh Fitness AS	Leader	55	0
34	Sorrisniva AS	Sprinter	55	+24
35	Hålogaland Teater AS	Leader	54	+12
36	Lunds Tivoli AS	Sprinter	54	−7
37	Postkodelotteriet AS	Steward	53	−7
38	3T Trening AS	Sprinter	53	−7
39	Feel24 Nordland AS	Sprinter	53	+8
40	Vålerenga Fotball AS	Steward	53	−22
41	Lund Gruppen Arrangement AS	Sprinter	52	+33
42	Museum Stavanger AS	Sprinter	52	+4
43	Hunderfossen Familiepark AS	Sprinter	51	+6
44	Mova AS	Leader	51	+23
45	Sky Fitness Trening AS	Sprinter	49	–
46	Skigeilo AS	Builder	49	+4
47	Bergen Vitensenter AS	Builder	48	+10
48	Norefjell Skisenter AS	Sprinter	48	−4
49	Blålyng AS	Steward	46	−3
50	Rudskogen Motorsenter AS	Steward	46	−18

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 Medium

Oslo Nye Teater AS
From 2023 to 2024: the operating margin rose from −19.5% to 11.3% and went from a loss to a profit before tax.
+57
Palmesus AS
From 2023 to 2024: the operating margin fell from 4.7% to −20.1% and went from a profit to a loss before tax.
−55
Stavernfestivalen AS
From 2023 to 2024: the operating margin fell from 27.9% to −60.5% and the equity ratio fell from −47.4% to −248.6%.
−51
Hafjell AS
From 2023 to 2024: the operating margin fell from 38.1% to −58.4% and went from a profit to a loss before tax.
−45

Top lists in the sector · 2024 · Morning class Medium

The five largest companies account for 19% of the sector's revenue. Combined profit before tax for the 83 ranked companies: 826 MNOK.

Size

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

Highest revenue

Sats Vest AS 487 MNOK
Kristiansand Dyrepark AS 466 MNOK
Mova AS 417 MNOK
Sporty Norge AS 395 MNOK
Nationaltheatret AS 366 MNOK

Operating revenue.

Most employees

Sats Vest AS 1,705
Sporty Norge AS 1,430
Mova AS 1,419
Tusenfryd AS 730
Kristiansand Dyrepark AS 675

Employees according to the Central Coordinating Register.

Highest revenue per employee

Tons of Rock Festival AS 25.4 MNOK
Palmesus AS 16.2 MNOK
Eventyrlie AS 13.0 MNOK
Viking Fotball AS 13.0 MNOK
Talent Norge AS 8.3 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

Til Fotball AS 51.7%
Sats Vest AS 32.5%
Tryvannwyller AS 31.6%
Feel24 AS 26.8%
3T Trening AS 25.7%

Operating result divided by operating revenue.

Largest profit

Sats Vest AS 150 MNOK
Fresh Fitness AS 60 MNOK
Til Fotball AS 58 MNOK
Tons of Rock Festival AS 57 MNOK
Sporty Norge AS 55 MNOK

Profit before tax.

Largest loss

Stavernfestivalen AS −47 MNOK
Hafjell AS −39 MNOK
Blålyng AS −26 MNOK
Palmesus AS −20 MNOK
Vålerenga Fotball AS −12 MNOK

Profit before tax, the largest negative.

Most solid

Alan Walker AS 88.9%
Til Fotball AS 86.6%
Blålyng AS 83.9%
Egil Hesland AS 80.4%
Museene Arven AS 79.1%

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

Feel24 Nordland AS +64.2%
Lucky Bowl Norge AS +62.0%
Tons of Rock Festival AS +48.2%
Alan Walker AS +45.4%
Spilleriet AS +44.2%

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

Largest revenue decline

Hafjell AS −72.1%
Stavernfestivalen AS −31.3%
Creative Technology Norway AS −30.4%
Postkodelotteriet AS −27.8%
Bergen Live AS −23.7%

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

Biggest climbers

Oslo Nye Teater AS +57.5 points
Lucky Bowl Norge AS +38.7 points
LL DET NORSKE TEATRET +37.8 points
Lund Gruppen Arrangement AS +33.3 points
Scenekvelder AS +30.8 points

Change in index points from the year before.

Biggest fallers

Palmesus AS −55.0 points
Stavernfestivalen AS −50.9 points
Hafjell AS −45.0 points
Øyafestivalen AS −33.2 points
Carte Blanche AS −26.3 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 · 2024 · Morning class Medium

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 5 companies that moved most stood in 2023 (small ring).

Stavernfestivalen AS profitability 97 → 0, solidity 0 → 0
Oslo Nye Teater AS profitability 1 → 80, solidity 0 → 48
Hafjell AS profitability 90 → 5, solidity 65 → 57
Palmesus AS profitability 70 → 2, solidity 51 → 0
Scenekvelder AS profitability 89 → 96, solidity 4 → 72

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 2023 (profitability / solidity)
Til Fotball AS	Lion	98	99	47 / 94
Feel24 AS	Cheetah	98	45	98 / 26
Abel Health AS	Cheetah	96	3	–
Scenekvelder AS	Lion	96	72	89 / 4
3T Trening AS	Cheetah	92	18	91 / 29
Feel24 Nordland AS	Cheetah	91	4	–
Eventyrlie AS	Cheetah	91	16	91 / 14
Alan Walker AS	Lion	89	100	–
Tryvannwyller AS	Lion	86	91	82 / 89
Sats Vest AS	Lion	84	71	82 / 56
Tons of Rock Festival AS	Cheetah	84	38	71 / 18
Sky Fitness Trening AS	Cheetah	82	9	–
Oslo Nye Teater AS	Cheetah	80	48	1 / 0
Aurora Music AS	Lion	80	77	96 / 85
Sporty Norge AS	Lion	79	89	80 / 82
Sorrisniva AS	Cheetah	79	12	49 / 13
Fresh Fitness AS	Lion	78	53	84 / 43
Kongsberg Skisenter AS	Cheetah	76	42	64 / 37
Lund Gruppen Arrangement AS	Cheetah	76	21	10 / 16
Lucky Bowl Norge AS	Cheetah	75	40	49 / 24
Kristiansand Dyrepark AS	Cheetah	75	27	77 / 32
Leos Lekeland Norge AS	Lion	74	85	63 / 90
Idyll Festivalen AS	Cheetah	74	35	96 / 5
Lunds Tivoli AS	Cheetah	72	32	85 / 49
Øvrevoll Galopp AS	Cheetah	71	0	–
Trøndelag Teater AS	Lion	70	81	70 / 52
Auditorium AS	Lion	70	61	78 / 54
Viking Fotball AS	Lion	70	62	34 / 76
Impulse Treningssenter AS	Cheetah	70	14	85 / 23
Tusenfryd AS	Cheetah	67	19	61 / 20
Hovden Alpinsenter AS	Cheetah	65	17	63 / 15
Oslo Konserthus AS	Lion	62	74	59 / 68
Hunderfossen Familiepark AS	Cheetah	62	33	53 / 35
Hålogaland Teater AS	Lion	61	69	24 / 59
Museene i Sør-Trøndelag AS	Lion	60	94	62 / 95
Museum Nord Næringsdrift AS	Lion	59	86	55 / 81
LL DET NORSKE TEATRET	Cheetah	56	36	6 / 0
Norefjell Skisenter AS	Cheetah	55	50	63 / 44
Arktisk Filharmoni AS	Lion	52	79	30 / 87
Mova AS	Lion	52	52	23 / 28
Havferd AS	Cheetah	52	24	37 / 25
Museum Stavanger AS	Cheetah	52	41	56 / 30
Spilleriet AS	Elephant	49	67	66 / 73
Postkodelotteriet AS	Elephant	48	76	62 / 75
Skigeilo AS	Beaver	47	37	37 / 42
Rudskogen Motorsenter AS	Elephant	46	60	71 / 57
Dansens Hus AS	Elephant	46	82	23 / 72
Telemark og Vestfold Regionteater AS	Elephant	44	75	–
Vålerenga Fotball AS	Elephant	43	90	48 / 91
3T Produkter AS	Beaver	42	7	30 / 7

The sector in numbers

Summary · fiscal year 2024 · Morning class Medium

The sector's median operating margin is 4.3%. 5 of 83 companies have negative equity. The median equity ratio is 29.1%.

Companies with accounts83

Total revenue11,349 MNOK

Median operating margin4.3%

Median equity ratio29.1%

Share with a loss34%

Share with negative equity6%

All figures are for fiscal year 2024. Ranked: 83 operating companies. Holding companies, excluded companies and companies without enough data are shown but not ranked. How to read the index

Climbers and fallers · Morning class Medium

Change in rank from 2023 to 2024, for 77 companies ranked in both years.

Climbers

56Lucky Bowl Norge ASfrom rank 66 to 1071
55Oslo Nye Teater ASfrom rank 83 to 2860
50Scenekvelder ASfrom rank 56 to 674
38Lund Gruppen Arrangement ASfrom rank 79 to 4152
36Sorrisniva ASfrom rank 70 to 3455

Fallers

61Hafjell ASfrom rank 16 to 7723
58Palmesus ASfrom rank 24 to 827
50Øyafestivalen ASfrom rank 5 to 5543
43Stavernfestivalen ASfrom rank 40 to 831
42Carte Blanche ASfrom rank 22 to 6438

Awards · 2024 · Morning class Medium

Most profitableTil Fotball AS51.7%

Fastest growthSky Fitness Trening AS310,405.2%

Strongest balance sheetAlan Walker AS88.9%

Largest revenueSats Vest AS487 MNOK

Highest revenue per employeeTons of Rock Festival AS25.4 MNOK

Needs attention · 2024 · Morning class Medium

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

criticalLillehammer Olympiapark ASNegative equity · Current ratio below 1 (0.69) · Loss before tax
criticalPalmesus ASNegative equity · Current ratio below 1 (0.58) · Loss before tax
criticalStavernfestivalen ASNegative equity · Current ratio below 1 (0.09) · Loss before tax
criticalInspiria Science Center ASNegative equity · Current ratio below 1 (0.33) · Loss before tax
criticalØvrevoll Galopp ASNegative equity · Current ratio below 1 (0.90)
watchActic Norge ASVery low equity ratio (7.4%) · Current ratio below 1 (0.10) · Loss before tax
watchSosolo Collective ASVery low equity ratio (2.2%) · Current ratio below 1 (0.75) · Loss before tax
watchNationaltheatret ASCurrent ratio below 1 (0.58) · Loss before tax
watchCreative Technology Norway ASCurrent ratio below 1 (0.41) · Loss before tax
watchEgil Hesland ASCurrent ratio below 1 (0.68) · Loss before tax
watchTusenfryd ASCurrent ratio below 1 (0.71) · Loss before tax
watchAnno Museum ASCurrent ratio below 1 (0.51) · Loss before tax
watchKonsertsystemer Llb ASCurrent ratio below 1 (0.63) · Loss before tax
watchLeos Lekeland Norge ASCurrent ratio below 1 (0.96) · Loss before tax
watchRogaland Fritidspark ASCurrent ratio below 1 (0.55) · Loss before tax

Sector map · 2024 · Morning class Medium

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
Alan Walker AS	16.4%	88.9%	51 MNOK
Til Fotball AS	51.7%	86.6%	67 MNOK
Sporty Norge AS	14.3%	59.5%	395 MNOK
Museum Nord Næringsdrift AS	4.5%	57.7%	84 MNOK
Aurora Music AS	14.2%	51.5%	63 MNOK
Scenekvelder AS	25.1%	46.1%	142 MNOK
Tryvannwyller AS	31.6%	65.1%	138 MNOK
Sats Vest AS	32.5%	44.2%	487 MNOK
Museene i Sør-Trøndelag AS	5.6%	76.6%	285 MNOK
Lucky Bowl Norge AS	14.0%	26.2%	220 MNOK
Tons of Rock Festival AS	14.9%	25.4%	305 MNOK
Feel24 AS	26.8%	27.7%	154 MNOK
Uno-X Mobility Cycling AS	1.4%	72.2%	268 MNOK
AS NORDLAND TEATER	1.7%	55.1%	61 MNOK
Oslo Konserthus AS	12.6%	46.5%	87 MNOK
Kongsberg Skisenter AS	24.2%	27.4%	60 MNOK
Trøndelag Teater AS	8.9%	55.7%	146 MNOK
Telemark og Vestfold Regionteater AS	1.9%	49.6%	54 MNOK
Auditorium AS	9.4%	38.7%	124 MNOK
Dansens Hus AS	1.6%	56.1%	72 MNOK
Viking Fotball AS	12.4%	41.3%	220 MNOK
Arktisk Filharmoni AS	3.1%	51.6%	116 MNOK
Spilleriet AS	2.7%	42.4%	105 MNOK
Holmenkollen Skifestival AS	1.2%	58.6%	59 MNOK
Rogaland Teater AS	1.4%	56.7%	133 MNOK
Leos Lekeland Norge AS	10.5%	57.4%	142 MNOK
Hove West AS	2.2%	43.5%	94 MNOK
Oslo Nye Teater AS	11.3%	29.1%	164 MNOK
Eventyrlie AS	18.1%	11.3%	78 MNOK
Idyll Festivalen AS	9.6%	23.4%	68 MNOK
Museene Arven AS	−3.3%	79.1%	87 MNOK
Abel Health AS	25.0%	0.9%	68 MNOK
Fresh Fitness AS	22.7%	30.6%	315 MNOK
Sorrisniva AS	12.5%	8.6%	68 MNOK
Hålogaland Teater AS	5.6%	43.5%	102 MNOK
Lunds Tivoli AS	13.0%	22.3%	124 MNOK
Postkodelotteriet AS	4.3%	50.9%	130 MNOK
3T Trening AS	25.7%	11.8%	67 MNOK
Feel24 Nordland AS	21.6%	1.1%	78 MNOK
Vålerenga Fotball AS	−19.3%	61.2%	79 MNOK
Lund Gruppen Arrangement AS	6.7%	13.9%	104 MNOK
Museum Stavanger AS	4.4%	27.0%	112 MNOK
Hunderfossen Familiepark AS	10.9%	22.9%	89 MNOK
Mova AS	3.8%	30.6%	417 MNOK
Sky Fitness Trening AS	13.1%	6.4%	62 MNOK
Skigeilo AS	6.9%	25.1%	135 MNOK
Bergen Vitensenter AS	0.5%	28.8%	59 MNOK
Norefjell Skisenter AS	10.0%	29.4%	107 MNOK
Blålyng AS	−51.9%	83.9%	53 MNOK
Rudskogen Motorsenter AS	4.7%	38.1%	105 MNOK
Kristiansand Dyrepark AS	13.5%	18.6%	466 MNOK
Astrup Fearnley Museet AS	−1.1%	31.5%	67 MNOK
Drammen Scener AS	−1.8%	42.3%	64 MNOK
Impulse Treningssenter AS	9.6%	11.0%	69 MNOK
Øyafestivalen AS	−0.7%	34.5%	118 MNOK
AS REGIONTEATRET I MØRE OG ROMSDAL	−1.4%	37.3%	70 MNOK
Øvrevoll Galopp AS	5.4%	−1.7%	53 MNOK
LL DET NORSKE TEATRET	4.4%	24.7%	289 MNOK
Hovden Alpinsenter AS	21.5%	11.7%	52 MNOK
Egil Hesland AS	−6.3%	80.4%	271 MNOK
Havferd AS	2.9%	16.4%	103 MNOK
Talent Norge AS	−4.1%	4.9%	133 MNOK
Tusenfryd AS	16.7%	12.3%	247 MNOK
Carte Blanche AS	−7.1%	28.6%	51 MNOK
Rogaland Fritidspark AS	−2.7%	42.0%	89 MNOK
AS DEN NATIONALE SCENE	−1.6%	15.4%	218 MNOK
Bergen Live AS	0.6%	16.1%	188 MNOK
Konsertsystemer Llb AS	1.2%	19.9%	147 MNOK
Spectre Alliance AS	−0.5%	21.1%	76 MNOK
Teater Innlandet AS	−5.2%	27.5%	55 MNOK
Anno Museum AS	−4.8%	29.6%	153 MNOK
Lillehammer Olympiapark AS	1.1%	−8.6%	109 MNOK
Bingo Sør AS	−1.0%	20.2%	106 MNOK
Creative Technology Norway AS	−3.6%	42.2%	324 MNOK
3T Produkter AS	2.4%	3.9%	57 MNOK
Stavanger Oilers AS	−5.3%	18.0%	108 MNOK
Hafjell AS	−58.4%	35.4%	50 MNOK
Nationaltheatret AS	−2.7%	10.8%	366 MNOK
Sosolo Collective AS	−0.8%	2.2%	96 MNOK
Inspiria Science Center AS	−0.1%	−68.2%	73 MNOK
Actic Norge AS	−6.7%	7.4%	103 MNOK
Palmesus AS	−20.1%	−7.2%	97 MNOK
Stavernfestivalen AS	−60.5%	−248.6%	77 MNOK

Holding and investment companies · 2024

34 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: 11 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	N. Munkhaugen Holding AS	78	99.5%	11.3%	167.72	62 MNOK
2	Øyehaug Holding AS	72	96.4%	14.8%	6.28	11 MNOK
3	Aadne Holding AS	64	99.5%	2.8%	121.09	11 MNOK
4	Micam Holding AS	62	83.2%	15.4%	5.42	158 MNOK
5	Rmnl Holding AS	60	99.7%	−0.3%	269.69	16 MNOK
6	Steinar Skjervik Holding AS	58	81.8%	18.7%	1.56	90 MNOK
7	Hugos Holding AS	42	95.1%	3.1%	0.21	12 MNOK
8	Steinar Skjervik Investering AS	36	52.4%	10.9%	1.79	181 MNOK
9	Gallerhåjen Investering AS	30	61.7%	2.2%	109.85	27 MNOK
10	Buskerud og Vestfold Trav Holding AS	28	95.0%	0.0%	0.35	11 MNOK
11	P & M Holding AS	20	40.0%	8.3%	−0.07	33 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. 14 of 22 on median operating margin

All articles

Scenario analysis: the sector's weakest year

The sector's weakest year was 2026, with a median operating margin of −5.4%.

Based on the 7 fiscal years we have. The analysis grows as more years are fetched or imported.

Fiscal year	Median operating margin	Median equity ratio
2020	–	–
2021	–	–
2022	11.5%	40.4%
2023	3.6%	32.7%
2024	3.7%	32.2%
2025	4.7%	32.9%
2026 · weakest year	−5.4%	11.1%

In 2026, 2 ranked companies did better than the sector, 0 about the same and 2 weaker.

Held up best in 2026

1Nye Bjorli Skisenter ASequity ratio 9.8%9.4%
2Norsk Tivolidrift ASequity ratio 12.4%3.3%

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))

Latest value: 104.0 (2026M09)

Consumer price index rose 3.0% in 2025; the sector's median operating margin rose 1.0 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	–	11.5%	3.6%	3.7%	4.7%	−5.4%

Source: SSB (14710, CC BY 4.0). Source · fetched 3 November 2026

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 1.0 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	–	11.5%	3.6%	3.7%	4.7%	−5.4%

Source: Norges Bank (IR, NLOD 2.0). Source · fetched 3 November 2026

When policy rate fell in 2025, 530 of 999 ranked companies kept their operating margin at or above the year before. Among the largest: Sats Norway AS (20.8% → 23.3%), Sporty Norge AS (14.3% → 24.0%), Kristiansand Dyrepark AS (13.5% → 15.5%), Mova AS (3.8% → 9.5%), O Kristoffersen Bingodrift AS (2.9% → 4.2%).

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: 40,440; +1.0% from 2023
Persons employed: 36,372; +0.9% from 2023

All enterprises, sole proprietorships included. SSB withholds some figures for confidentiality. The figure then shows the latest year with every value, and the year is given beside it.

Bankruptcies in the industry

55 enterprise bankruptcies in the last four quarters (2025K4–2026K3). Change −27.6% against the four quarters before (76). That is about 1.4 per 1,000 enterprises.

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

Bare Kjuus AS 922693005 Voluntary liquidation · 2 November 2026
Anticoach AS 923413812 Voluntary liquidation · 31 October 2026 · 0 MNOK (2025)
Bergtattfestivalen AS 923887318 Forced dissolution · 31 October 2026 · 7 MNOK (2025)
Dream Factory Nordic AS 838998852 Voluntary liquidation · 31 October 2026 · 0 MNOK (2025)
Fuglum AS 917995028 Voluntary liquidation · 31 October 2026 · 0 MNOK (2025)
Gudmoren AS 936064175 Voluntary liquidation · 31 October 2026
Løpeglede AS 921833407 Voluntary liquidation · 31 October 2026 · 0 MNOK (2025)
Løpeglede Holding AS 931708791 Voluntary liquidation · 31 October 2026 · 0 MNOK (2025)

All bankruptcies and liquidations in the sector

Industry codes (NACE)

Code	Description
90*	Hele hovedgruppe 90
90.111	Skapende kunstnerisk virksomhet innenfor litteratur
90.112	Skapende kunstnerisk virksomhet innenfor komposisjon av musikk
90.120	Skapende kunstnerisk virksomhet innenfor visuell kunst
90.130	Annen kunstnerisk virksomhet
90.201	Utøvende kunstnerisk virksomhet og underholdningsvirksomhet innenfor musikk
90.202	Utøvende kunstnerisk virksomhet og underholdningsvirksomhet innenfor scenekunst
90.209	Annen utøvende kunstnerisk virksomhet og underholdningsvirksomhet ikke nevnt annet sted
90.310	Drift av lokaler tilknyttet kunstnerisk virksomhet og underholdningsvirksomhet
90.390	Andre tjenester tilknyttet kunstnerisk virksomhet og underholdningsvirksomhet
91*	Hele hovedgruppe 91
91.111	Drift av folkebiblioteker
91.120	Drift av arkiver
91.211	Drift av kunst- og kunstindustrimuseer
91.212	Drift av kulturhistoriske museer
91.213	Drift av naturhistoriske, teknologiske og vitenskapshistoriske museer
91.220	Drift av historiske steder og monumenter
91.300	Konservering, restaurering og andre tjenester tilknyttet kulturarv
91.410	Drift av botaniske og zoologiske hager
92*	Hele hovedgruppe 92
92.000	Lotteri- og gamblingvirksomhet
93*	Hele hovedgruppe 93
93.110	Drift av idrettsanlegg
93.120	Aktiviteter i idrettslag og -klubber
93.130	Treningssentervirksomhet
93.190	Sportsaktiviteter ikke nevnt annet sted
93.210	Drift av fornøyelses- og temaparker
93.291	Opplevelsesaktiviteter
93.292	Fritidsvirksomhet ellers