Knit Store in Lillestrøm: An Analytical Article

The knit store industry in Lillestrøm is a small but varied sector with 11 registered companies. In recent years, the industry has been marked by both increases and decreases in revenue and number of employees. The most prominent companies operate in Kjeller, Strømmen, Lillestrøm, and Frogner, with varying financial results. The industry includes a mix of AS and ANS companies, and some companies have negative EBITDA margins. Prospects for new entrants are mixed, with both opportunities and challenges linked to market dynamics.

Revenue and Employees

• Revenue: The industry had a revenue of NOK 25.0 million in 2025, with an annual decline of 5.6% compared to 2024. The development has been highly uncertain in recent years, with an increase of +5.8% in 2025 following a decline of -5.6% in 2024.
• Employees: The number of employees peaked at 40 in 2023, but dropped to 32 in 2025. There is a decline of 6.2% in 2026 compared to 2025.

Annual Development

Comment

The industry has been marked by large fluctuations, with a strong decline in 2021 and an increase in 2022. The most recent period has been more stable, but with a slight decline in 2024 before an increase in 2025.

Registered Companies

In Lillestrøm, there are 11 companies registered in the knit store industry. The most prominent companies include:

• Fellingen Symaskinsenter Import ANS (Kjeller): 16 employees, revenue of NOK 13.5M, but with a negative EBITDA of -551.0K.
• Nøstet Mitt AS (Strømmen): 9 employees, but no revenue or income.
• City Mote AS (Lillestrøm): 8 employees, revenue of NOK 7.9M and positive EBITDA of 641.0K.
• Meretes Quilteloft AS (Frogner): 1 employee, revenue of NOK 3.6M and positive EBITDA of 357.0K.

Organizational Forms

• AS: 3 companies, total of 18 employees, revenue of NOK 11.5M and EBITDA of 998.0K.
• ANS: 1 company, 16 employees, revenue of NOK 13.5M and negative EBITDA of -551.0K.

Comment

Most companies are AS, but there is also one ANS. Fellingen Symaskinsenter has high revenue, but a negative EBITDA, which could be a challenge for the company.

Distribution of Activity in the Municipality

The industry is distributed across four areas in Lillestrøm, with the following characteristics:

Comment

Lillestrøm and Frogner have the most profitable companies, with positive EBITDA margins. Strømmen and Kjeller have companies with lower or negative EBITDA margins. This may indicate that companies in Lillestrøm and Frogner have better financial results.

Bankruptcies and Financial Challenges

• Bankruptcies: None of the 11 companies are registered as bankrupt, but Iseng AS has a negative revenue of NOK -47.0K and a negative EBITDA of -53.0K. This could be an indication of financial challenges.
• Stability: Most companies have positive revenue and EBITDA, but there are variations in financial results.

Comment

The industry has relatively stable financing, but there are some companies with negative results. This could be a challenge for new entrants wishing to establish themselves in the municipality.

The knit store industry in Lillestrøm has both opportunities and challenges for new entrants. In recent years, the industry has been marked by variations in revenue and EBITDA margins. This may indicate that the market is uncertain, but there are also companies with positive results that could be a good starting point.

• Opportunities: Companies in Lillestrøm and Frogner have positive EBITDA margins, which could be an advantage for new entrants wishing to establish themselves in these areas.
• Challenges: There is a decline in revenue and number of employees in 2024, which could be a challenge for new companies.

Recommendation

New entrants should consider establishing themselves in areas with positive EBITDA margins and focus on achieving stable financial results.

Comparison with the Broader Industry

The knit store industry is part of the broader creative, arts, and entertainment activities industry in Lillestrøm, which has 194 companies. This industry has higher revenue and number of employees compared to the knit store industry.

• Revenue: Creative, arts, and entertainment activities had a revenue of NOK 948.7M in 2025, with a decline of 8.3% compared to 2024.
• Employees: The number of employees declined by 4.5% in 2025 compared to 2024.

Peer Companies

Comment

The creative, arts, and entertainment activities industry has higher revenue and more companies, which could be an advantage for the knit store industry to leverage. Peer companies have higher EBITDA and revenue, which could be a benchmark for knit store companies.

The knit store industry in Lillestrøm has both opportunities and challenges. In recent years, the industry has been marked by variations in revenue and EBITDA margins, which could be a challenge for new entrants. Nevertheless, there are companies with positive results that could be a good starting point. The broader creative, arts, and entertainment activities industry has higher revenue and more companies, which could be an advantage for the knit store industry to leverage. SmartGrunder can help entrepreneurs find suitable addresses in Lillestrøm for this industry.