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Industry · municipality
Jewelry/Watches/Clocks/Gold/Silver in Vindafjord
An analysis of the industry, companies, and prospects in the municipality of Vindafjord in Rogaland county.
Executive Summary
Key Figures and Development
In Vindafjord, there is one operating company in the jewelry/watches/clocks/gold/silver industry registered in the municipality. The only active business is Urmaker Arnestad As, which operates in Ølen. The company has 4 employees and reports a sales volume of NOK 5.4 million in 2025, with a year-over-year increase of 30.7% compared to 2024. The EBITDA margin is 6%, and the operating profit is NOK 296,000. There are no bankruptcy registrations for the company, indicating stable financing.
Economic Development
Sales development has been variable in recent years, with a decline of 27.2% from 2016 to 2017, but an increase of 30.7% in 2025. Employee numbers have shown more volatility, with a decline of 55.6% from 2018 to 2019, followed by a gradual increase again in 2022. In 2025, there are 4 employees, which is stable compared to 2024.
Economic Overview
Sales and Employee Development
Sales Development (NOK):
| Year | Sales (NOK) | Year-over-Year Change |
|---|---|---|
| 2016 | 4.6M | - |
| 2017 | 3.3M | -27.2% |
| 2018 | 3.5M | +3.7% |
| 2019 | 3.8M | +9.3% |
| 2020 | 3.5M | -8.2% |
| 2021 | 4.1M | +18.0% |
| 2022 | 3.8M | -8.2% |
| 2023 | 4.3M | +15.4% |
| 2024 | 4.1M | -4.7% |
| 2025 | 5.4M | +30.7% |
Employee Development:
| Year | Number of Employees | Year-over-Year Change |
|---|---|---|
| 2016 | 8 | - |
| 2017 | 8 | +0.0% |
| 2018 | 9 | +12.5% |
| 2019 | 4 | -55.6% |
| 2020 | 5 | +25.0% |
| 2021 | 6 | +20.0% |
| 2022 | 8 | +33.3% |
| 2023 | 6 | -25.0% |
| 2024 | 4 | -33.3% |
| 2025 | 4 | +0.0% |
Sales and employee development show a fluctuating trend, with a significant increase in 2025. This may indicate an improved market position or increased ownership in the sector.
Companies in the Industry
Active Companies
There is one company in Vindafjord in the jewelry/watches/clocks/gold/silver industry:
- Urmaker Arnestad As (Sjoargata 14, Ølen)
- Legal form: AS
- Founded: 1997-12-31
- Number of employees: 4
- Sales: NOK 5.4M (2025)
- Operating profit: NOK 296,000
- EBITDA: NOK 365,000
- Total debt: NOK 1.9M
- EBITDA margin: 6%
The company is in AS form and has stable financing with a debt of NOK 1.9M. There are no bankruptcy registrations for the company, indicating good operating economics.
Geographic Distribution
All businesses in the jewelry/watches/clocks/gold/silver industry in Vindafjord are located in Ølen. There is one company registered in the municipality, and all economic data (sales, employees, operating profit) are linked to this single business. Ølen is therefore the only location in the municipality with activity in this industry.
Business Dynamics
Operational Dynamics and Bankruptcy Statistics
There are no bankruptcy registrations for companies in the jewelry/watches/clocks/gold/silver industry in Vindafjord. Urmaker Arnestad As is still in operation and has no bankruptcy notices. This indicates that the industry in the municipality is stable and has good operating economics. There are no companies in the industry that have gone bankrupt, which is a positive indicator for future operations in the sector.
Outlook
Outlook for Entrepreneurs
For entrepreneurs considering establishing themselves in the jewelry/watches/clocks/gold/silver industry in Vindafjord, the data indicate a stable but fluctuating market development. The sales increase of 30.7% in 2025 shows that there may be opportunities for growth, especially if the company can leverage local conditions and customer contact. However, there is only one business in the municipality, which may indicate a small market base.
SmartGrunder can help entrepreneurs find suitable locations in Vindafjord for this industry, based on data and local conditions.
Conclusion
Jewelry/watches/clocks/gold/silver industry in Vindafjord is represented by one business, Urmaker Arnestad As, which has shown stable operations and economic improvement in 2025. Sales and employee development have been fluctuating, but there are no bankruptcy registrations. For entrepreneurs, this could be an opportunity, especially if they can leverage local conditions and customer contact. However, it is important to be aware of the small market base in the municipality.