Knit Store in Larvik: Analysis of Companies, Statistics, and Outlook

Industry Overview

The knit store industry in Larvik consists of 7 companies with a total of 13 employees in 2026. The most active part of the industry is located in Larvik, where 3 companies and 13 employees are registered. Kvelde has one smaller company with one employee. The industry has shown variations in sales development, with an increase of 14% in 2025 compared to 2024. EBITDA margins are at 2% for Larvik and 37% for Kvelde, showing significant variations in profitability between the two areas.

Economic Trends

Sales Development (2016–2025):

Employees (2016–2026):

Sales development has been uneven, with a sharp decline in 2018 and 2019, but an increase in 2020 and 2021. Employees have shown a weak but stable increase in recent years.

Companies in the Industry

The following companies are registered in the knit store industry in Larvik:

1. Singer Sysenter Larvik As (Kongegata 26A) – AS entity, 9 employees, no operating income.
2. Garn Og Broderihjørnet Reidun Foldvik (Kongegata 21) – ENK entity, 3 employees, no operating income.
3. Garnfeene As (Holmfossveien 12, Kvelde) – AS entity, 1 employee, operating income of 530,000 NOK.
4. Our Interior As (Nansetgata 16) – AS entity, 1 employee, operating income of 2.1M NOK.
5. Bernina Sysenter Da (Prinseg 2) – DA entity, 0 employees, no operating income.
6. Gardindama As (Prinsegata 19) – AS entity, 0 employees, no operating income.
7. Sterlingrest Olsen (Kirkegata 13A) – ENK entity, 0 employees, no operating income.

Organizational Form Statistics:

• AS entity: 3 companies, 11 employees, operating income of 2.7M NOK.
• ENK entity: 1 company, 3 employees, no operating income.

Business Geography

Larvik:

• 3 companies, 13 employees.
• Operating income: 2.1M NOK.
• Sales: 2.1M NOK.
• EBITDA: 55,000 NOK.
• EBITDA margin: 2%.

Kvelde:

• 1 company, 1 employee.
• Operating income: 530,000 NOK.
• Sales: 524,000 NOK.
• EBITDA: 199,000 NOK.
• EBITDA margin: 37%.

Larvik has a much larger operation with more companies and employees, while Kvelde has a single company with higher profitability.

Business Dynamics

Bankruptcies:

• No bankruptcies registered in the knit store industry in Larvik in 2025.

Stability:

• Although sales and number of employees have shown variations, the industry has been stable without bankruptcies. Kvelde has a single company with high profitability, while Larvik has a more varied operation with more companies.

Outlook for Entrepreneurs

The knit store industry in Larvik has shown variations in sales and number of employees, but has been stable without bankruptcies. EBITDA margins are low, which may indicate a need for cost control. Entrepreneurs should consider focusing on efficient operations and marketing to increase profitability. There are also opportunities to leverage existing infrastructure and customer bases in Larvik.

Parent Category Statistics:

• Number of companies: 96.
• Number of employees: 277 in 2026.
• Sales: 264.2M NOK in 2025.

Peer Companies in Creative, Arts, and Entertainment Activities:

Creative, arts, and entertainment activities have a much larger operation with more companies and higher sales compared to the knit store industry. Peer companies in this category have higher EBITDA and sales, which can be a benchmark for knit store companies in Larvik.

Conclusion

The knit store industry in Larvik has shown variations in sales and number of employees, but has been stable without bankruptcies. There are opportunities to leverage existing infrastructure and customer bases, but entrepreneurs should focus on efficient operations and marketing to increase profitability. SmartGrunder can help entrepreneurs find suitable addresses and develop strategies to succeed in this industry in Larvik.