Industry · municipality
Lighting Retail in Ringerike: Current Status and Outlook
Analysis of the sector, businesses, and market trends in Ringerike municipality for entrepreneurs and local decision-makers
Executive Summary
Overview of Lighting Retail in Ringerike
Lighting retail in Ringerike is a small but dynamic sector with a single business: K Eng & Co As Lampehuset Kuben Hønefoss. This business has shown variation in sales and employees over time, with a marked increase in 2024. At the same time, there is a clear contrast to the broader conference center sector in the municipality, which has more businesses and higher total sales, but also more volatile development.
Key Points:
- Single business in the sector, but with stable growth in 2024.
- The conference center sector in Ringerike has 43 businesses, but shows a decline in 2025.
- Lighting retail has growth potential, but must compete with larger sectors.
Economic Overview
Sales and employees in lighting retail in Ringerike (2016–2024):
| Year | Sales (NOK) | Annual change in sales | Employees | Annual change in employees |
|---|---|---|---|---|
| 2016 | 8.5M | - | 12 | - |
| 2017 | 7.7M | -9.8% | 10 | -16.7% |
| 2018 | 8.2M | +5.9% | 10 | +0.0% |
| 2019 | 7.0M | -14.2% | 9 | -10.0% |
| 2020 | 7.9M | +13.2% | 7 | -22.2% |
| 2021 | 5.0M | -36.9% | 5 | -28.6% |
| 2022 | 5.2M | +3.6% | 4 | -20.0% |
| 2023 | 5.2M | +0.1% | 4 | +0.0% |
| 2024 | 7.5M | +45.1% | 5 | +25.0% |
Most Important:
- Sales had a strong increase of 45.1% in 2024, after a deep decline in 2021.
- The number of employees has varied between 4 and 6, with stabilization in 2024.
Businesses in the Sector
Lighting retail in Ringerike has one registered business:
| Name | Legal Form | Founded | Employees | Sales (2024) | EBITDA (2024) |
|---|---|---|---|---|---|
| K Eng & Co As Lampehuset Kuben Hønefoss | AS | 2008-09-18 | 6 | NOK 7.5M | NOK 517.4K |
Details about the business:
- Legal Form: AS (single-person shareholder).
- Financing: Total equity NOK 1.3M, total debt NOK 2.1M.
- Result: Operating profit NOK 419.6K, EBITDA margin 6%.
- No bankruptcies in the sector (2024).
Business Geography
Activity in lighting retail in Ringerike is concentrated in Hønefoss:
| Location | Number of businesses | Employees | Sales (2024) | EBITDA (2024) |
|---|---|---|---|---|
| Hønefoss | 1 | 6 | NOK 7.5M | NOK 517.4K |
Details about Hønefoss:
- The only city with activity in the sector.
- The business operates on Kong Rings gate 1.
- Gross margin of 2908% (higher than average in many sectors).
Business Dynamics
Bankruptcies and operational economics in lighting retail in Ringerike:
- No bankruptcies in the sector (2024).
- Single business has shown stable operations, with positive EBITDA and high gross margin.
Contrast to the conference center sector:
- In the conference center sector in Ringerike, 13 businesses had negative EBITDA in 2024.
- More businesses in the conference center sector had 0 employees and 0 sales (2024), which may indicate closed or inactive operations.
Conclusion: Lighting retail in Ringerike is stable, while the conference center sector shows more variation and risk.
Outlook
Outlook for Entrepreneurs
For entrepreneurs in lighting retail in Ringerike:
- Stable market with one dominant business, but growth potential after 2024.
- High margins (2908% gross margin) can provide a competitive advantage.
- Location in Hønefoss is an advantage, as it is the only city with activity in the sector.
Outlook:
- Sales increase of 45.1% in 2024 shows that the market may be open to new players.
- Competition from the conference center sector can be a challenge, but lighting retail has unique business models.
SmartGrunder can help entrepreneurs find suitable locations in Ringerike for lighting retail, based on data and market trends.
Outlook for the Conference Center Sector
Conference center sector in Ringerike (2016–2025):
| Year | Sales (NOK) | Annual change in sales | Employees | Annual change in employees |
|---|---|---|---|---|
| 2016 | 466.8M | - | 310 | - |
| 2017 | 490.5M | +5.1% | 308 | -0.6% |
| 2018 | 496.2M | +1.2% | 280 | -9.1% |
| 2019 | 553.6M | +11.6% | 253 | -9.6% |
| 2020 | 749.7M | +35.4% | 290 | +14.6% |
| 2021 | 758.3M | +1.1% | 296 | +2.1% |
| 2022 | 598.9M | -21.0% | 279 | -5.7% |
| 2023 | 587.0M | -2.0% | 268 | -3.9% |
| 2024 | 590.2M | +0.5% | 251 | -6.3% |
| 2025 | 460.1M | -22.0% | 246 | -2.0% |
Contrast to lighting retail:
- The conference center sector has 43 businesses, but shows greater volatility in sales and employees.
- Lighting retail has higher margins (2908% vs. the conference center sector's average margin).
- The conference center sector had a decline of 22% in 2025, while lighting retail had an increase of 45.1% in 2024.
Other companies in konferansesenter (not in lighting equipment store)
| Company | Industry | Address | Sales | Employees | EBITDA |
|---|---|---|---|---|---|
| Plantasjen Norge As Avd Hønefoss | garden supplies store | Barbroveien 1, 3511 Hønefoss | NOK 25.8M | 19 | NOK 14.9M |
| Europris Hønefoss 244 | mixed home goods store | Hvervenmoveien 2D, 3511 Hønefoss | NOK 45.2M | 17 | NOK 4.9M |
| Jysk Hønefoss Avd 569 | furniture store | Hvervenmoveien 60, 3511 Hønefoss | NOK 36.8M | 20 | NOK 4.0M |
| Jula Norge As Avd 627 Hønefoss | building supplies store | Hvervenmoveien 2A, 3511 Hønefoss | NOK 74.0M | 22 | NOK 3.7M |
| Coop Øst Sa Avd 3536 Obs Bygg Hønefoss | building supplies store | Hvervenmoveien 15, 3511 Hønefoss | NOK 84.3M | 29 | NOK 3.4M |
| Kontorinteriør Ringerike As | furniture store | Kilemokroken 9D, 3516 Hønefoss | NOK 7.9M | 6 | NOK 2.1M |
| Navi As | furniture store | Vestliveien 15B, 3517 Hønefoss | NOK 0 | 0 | NOK 2.0M |
| Clas Ohlson As Avd Hønefoss Senter | mixed home goods store | Kong Rings gate 1, 3510 Hønefoss | NOK 37.6M | 15 | NOK 1.9M |
| Rørvik Blomster As | garden supplies store | Hønengata 80B, 3515 Hønefoss | NOK 11.7M | 12 | NOK 1.9M |
| Megaflis As Avd Hønefoss | building supplies store | Hvervenmoveien 60, 3511 Hønefoss | NOK 92.0M | 27 | NOK 1.8M |
| Kitch'n Kuben | china/glassware store | Kong Rings gate 1, 3510 Hønefoss | NOK 12.3M | 6 | NOK 978.0K |
| Bomiljø Ringerike As | building supplies store | Barbroveien 7, 3511 Hønefoss | NOK 16.1M | 12 | NOK 621.0K |
| Mester Grønn Kuben Hønefoss | garden supplies store | Kong Rings gate 1, 3510 Hønefoss | NOK 9.2M | 8 | NOK 364.5K |
| Hjem, Blomster Og Hagekjeden Hønefoss As | garden supplies store | Ole Nilsedalens vei 8, 3525 Hallingby | NOK 632.0K | 0 | NOK 351.0K |
| Interiør24 As | non-electrical household articles store | Hensmoveien 26, 3516 Hønefoss | NOK 11.8M | 2 | NOK 230.0K |
| Bohus Hønefoss | furniture store | Dronning Åstas gate 14, 3511 Hønefoss | NOK 0 | 14 | NOK 0 |
| Dokken As | building supplies store | Holleiaveien 8, 3533 Tyristrand | NOK 0 | 0 | NOK 0 |
| Dokken As | building supplies store | Holleiaveien 8, 3533 Tyristrand | NOK 0 | 0 | NOK 0 |
| Erik Støa | building supplies store | Øvre Dahls vei 3, 3511 Hønefoss | NOK 0 | 0 | NOK 0 |
| Flisekompaniet As Avd Hønefoss | building supplies store | Hvervenmoveien 29, 3511 Hønefoss | NOK 0 | 8 | NOK 0 |
| Flügger Farve Hønengaten | building supplies store | Hønengata 69, 3515 Hønefoss | NOK 0 | 0 | NOK 0 |
| Gauciene | non-electrical household articles store | Ådalsveien 263, 3525 Hallingby | NOK 0 | 0 | NOK 0 |
| Gs Glass As | china/glassware store | c/o Gry Merete H. Lager|Haga terrasse 7, 3514 Hønefoss | NOK 0 | 0 | NOK 0 |
| Gs Glass As | china/glassware store | c/o Gry Merete H. Lager|Haga terrasse 7, 3514 Hønefoss | NOK 0 | 0 | NOK 0 |
| Hilde Eilin Jansen | garden supplies store | Veksalbakken 7, 3518 Hønefoss | NOK 0 | 0 | NOK 0 |
| Jm Dekor As | non-electrical household articles store | Verkstedveien 18, 3516 Hønefoss | NOK 0 | 0 | NOK 0 |
| Karlsen Logistics | mixed home goods store | Eikemyrveien 36, 3514 Hønefoss | NOK 0 | 0 | NOK 0 |
| Lumbra As | building supplies store | Årbogveien 100, 3515 Hønefoss | NOK 0 | 0 | NOK 0 |
| Møbelhuset Ringerike As | furniture store | Osloveien 23, 3511 Hønefoss | NOK 0 | 7 | NOK 0 |
| Nonfoodgroup As | mixed home goods store | Sætraveien 28, 3518 Hønefoss | NOK 0 | 0 | NOK 0 |
| Norsen As | non-electrical household articles store | Ludvig Grønvolds vei 6, 3517 Hønefoss | NOK 0 | 0 | NOK 0 |
| Rafalskaya As | furniture store | Hengsleveien 30, 3515 Hønefoss | NOK 0 | 0 | NOK 0 |
| Sonja Odderbø Direkte Til Deg | fireplace shop | c/o Sonja Odderbø|Gullagata 14, 3513 Hønefoss | NOK 0 | 0 | NOK 0 |
| Sonja Odderbø Direkte Til Deg | fireplace shop | c/o Sonja Odderbø|Gullagata 14, 3513 Hønefoss | NOK 0 | 0 | NOK 0 |
| Gulestø Holding As | building supplies store | Hofsfossveien 74, 3517 Hønefoss | NOK 0 | 0 | NOK -25.0K |
| Tips As | non-electrical household articles store | c/o Svein Inge Pilskog|Frydenhaugen 17, 3516 Hønefoss | NOK 0 | 0 | NOK -28.0K |
| Kjøkkendrift No 1 Kuben As | china/glassware store | Kong Rings gate 1, 3510 Hønefoss | NOK 6.7M | 4 | NOK -40.0K |
| Rudolf Dahl As | carpets/curtains/wallpaper/floor coverings store | Sundgata 12A, 3510 Hønefoss | NOK 387.0K | 1 | NOK -223.0K |
| Varme Og Interiør As | fireplace shop | Osloveien 75, 3511 Hønefoss | NOK 10.9M | 6 | NOK -423.0K |
| Stua Fjeld As | garden supplies store | Hønefoss bru 1|Sentrumsbygget, 3510 | NOK 5.4M | 7 | NOK -473.0K |
Conclusion
Lighting retail in Ringerike has growth potential, especially after the strong increase in 2024. With one dominant business and high margins, the sector can be attractive for entrepreneurs. At the same time, the conference center sector in the municipality shows more variation and risk, which underscores the importance of differentiation.
SmartGrunder can help entrepreneurs find suitable locations in Ringerike for lighting retail, based on data and market trends. It is important to consider both the advantages of a stable sector and the challenges from competing industries.