Jewellery/Watches/Clocks/Gold/Silver Store Industry in Askøy: A Comprehensive Analysis

The jewellery/watches/clocks/gold/silver store industry in Askøy is a small, but specialized sector with a unique structure. In 2025, there is only one active company in the municipality — Gullsmed Steinar Skogheim AS — operating from Kjerrgarden. This single company had an annual revenue of NOK 1.2 million in 2025, with 3 employees. Although the industry has been marked by large variations in sales and number of employees over time, data from 2025 shows that no bankruptcies have been registered in the sector. This underscores a certain degree of stability, despite uneven development.

Sales and Employees Over Time

Sales experienced a dramatic decline of 93.6% from 2024 to 2025, while the number of employees fell by 66.7% during the same period. This is one of the most significant declines in the data. Although there have been variations over time, the industry in Askøy has been marked by a general decline in sales and employees since 2016, with the exception of 2021–2022 when sales increased by 25%.

Active Companies

Gullsmed Steinar Skogheim AS is the only company in the industry in Askøy. This AS organization was founded in 2014 and has the following key figures in 2025:

• Address: Hauglandsvegen 21, Kjerrgarden
• Org.nr.: 913,8M
• Number of employees: 3
• Bankruptcies: Not registered
• Postal code: 5.3K
• Operating result: NOK -297,000
• EBITDA: NOK -271,000
• Gross profit: NOK 922,000
• Equity: NOK 2.3M
• Debt: NOK 477,000
• Sales growth: -44%
• EBITDA margin: -22%
• Gross profit margin: 78%
• Operating margin: -24%

The company has a negative operating result and EBITDA, but a relatively high gross profit margin of 78%. This indicates that costs related to sales and operations have been high in relation to revenues.

Business Geography

All activities in the industry in Askøy are concentrated in Kjerrgarden. Here, there is one company with 3 employees. There are no other districts or geographical areas in the municipality that report activity in this industry. This shows a very centralized structure, where a single location dominates the industry in the municipality.

In 2025, there are no registered bankruptcies in the industry in Askøy. This is an important indicator that the industry has been relatively stable over time, despite large variations in sales and operating results. Gullsmed Steinar Skogheim AS has been in operation since 2014, and although there have been periods of losses, the company has not gone bankrupt. This suggests that there has been a certain degree of financial resilience, despite the negative operating result in 2025.

Outlook for Founders and Investors

Outlooks for new players in the industry in Askøy are complex. On one hand, data shows that there is a stable, but small market with one active company. On the other hand, the industry has been marked by larger declines in sales and employees in 2025, which may indicate economic instability or market disruptions. This can be a challenge for new founders, but it can also represent an opportunity to fill a niche in a small market. It is worth noting that Gullsmed Steinar Skogheim AS has a relatively high gross profit margin, which may indicate that there is potential for improving the operating result through efficiencies or increased sales. SmartGrunder can help founders explore potential locations in Askøy for this industry, with a focus on natural distributions and market opportunities.

The jewellery/watches/clocks/gold/silver industry in Askøy is a small, but specialized sector with one active company. Although there have been variations in sales and operating results over time, the industry has been relatively stable without bankruptcies. Outlooks for new players are complex, with both challenges and opportunities. Founders should carefully consider the performance of existing companies and local market conditions before making decisions to establish themselves in the industry.