Industry · municipality
Knit Store in Time: An Analysis of Companies, Statistics, and Outlooks
A detailed overview of the knit store industry in Time municipality, focusing on economic trends, company structure, and business dynamics for entrepreneurs and local decision-makers.
Executive Summary
Industry Overview
In Time municipality, there are 3 companies registered within the knit store industry. The industry has been marked by variations in sales and number of employees over time, with a peak sales of NOK 9.9 million in 2020 and a decline to NOK 8.4 million in 2024. The number of employees has varied between 4 and 9 over the past few years, with a rise from 4 to 9 employees between 2019 and 2021. There are no registered bankruptcies in the industry, indicating relative stability.
The most prominent companies in the industry are Idestova As and Maria Schei Brudesalong As, which operate in Bryne. These companies have shown different financial performance, with Idestova As having a positive operating result and Maria Schei Brudesalong As having been in deficit.
Economic Overview
Sales and employees in the knit store industry in Time:
| Year | Sales (NOK) | Employees |
|---|---|---|
| 2016 | 5.3M | 13 |
| 2017 | 6.1M | 13 |
| 2018 | 6.2M | 4 |
| 2019 | 9.5M | 4 |
| 2020 | 9.9M | 7 |
| 2021 | 9.6M | 9 |
| 2022 | 8.7M | 9 |
| 2023 | 8.9M | 9 |
| 2024 | 8.4M | 8 |
| 2025 | 8.5M | 7 |
Sales have shown a increase of 53.5% from 2018 to 2019, but have later experienced a decrease of 6.4% from 2023 to 2024. The number of employees has been most stable between 2021 and 2023, but has later decreased with -12.5% from 2024 to 2025.
Companies in the Industry
In Time municipality, the following companies are registered within the knit store industry:
- Idestova As (Storgata 40, Bryne)
- Organizational form: AS
- Founded: 2000-09-01
- Employees: 6
- Sales: NOK 6.7M
- Operating result: NOK 40.0K
- EBITDA: NOK 58.0K
- Maria Schei Brudesalong As (Storgata 25, Bryne)
- Organizational form: AS
- Founded: 2010-02-10
- Employees: 2
- Sales: NOK 1.8M
- Operating result: NOK -301.0K
- EBITDA: NOK -301.0K
- Innovatools Terje Cortes Kapuno Salte (Kvålsberget 19, Bryne)
- Organizational form: ENK
- Founded: 1995-02-20
- Employees: 0
- Sales: NOK 0
- Operating result: NOK 0
- EBITDA: NOK 0
Most companies are organized as AS, and there are no companies in the form of ENK or KAP in the industry.
Business Geography
Bryne is the only place in Time municipality where knit store companies operate. Here you will find:
- 2 companies with 8 employees
- Sales of NOK 8.6M
- Operating income of NOK 8.6M
- Wages of NOK 2.6M
- Operating result of NOK -261.0K
- EBITDA of NOK -243.0K
- Gross profit of NOK 4.0M
- Total equity of NOK 2.2M
- Total debt of NOK 1.4M
- Sales growth of 1%
- Operating income per employee of NOK 1.1M
- EBITDA margin of -2%
- EBITDA per employee of NOK -31,9K
- Gross profit margin of 46%
- Operating margin of -3%
Business Dynamics
Bankruptcy statistics and business dynamics:
- There are no registered bankruptcies in the knit store industry in Time municipality.
- Idestova As has shown a stable financial performance with positive operating result and EBITDA.
- Maria Schei Brudesalong As has however been in deficit with negative EBITDA of -16%.
- Innovatools Terje Cortes Kapuno Salte has no activities and no sales or employees.
This shows that the industry has a micro-level with small companies, and that financial stability varies between companies.
Outlook
Outlook for Entrepreneurs
For entrepreneurs considering starting a knit store business in Time municipality, it is important to be aware of the following:
- Sales have varied greatly over time, with a peak sales of NOK 9.9M in 2020 and a decline to NOK 8.4M in 2024.
- The number of employees has been unstable, with a rise from 4 to 9 employees between 2019 and 2021, but a decline to 7 employees in 2025.
- There are no bankruptcies, indicating relative stability in the industry.
- Bryne is the only place where companies operate, which can provide opportunities for local market share.
Entrepreneurs should consider focusing on stable sales channels and strengthening financial stability to compete in an industry with variations in performance.
Outlook for Creative, Arts, and Entertainment Activities
Creative, arts, and entertainment activities industry in Time municipality has a larger company base (45 companies) compared to the knit store industry (3 companies). Sales and employees have shown the following trends:
- Sales have varied between NOK 118.4M (2025) and NOK 200.6M (2023).
- Number of employees has decreased from 206 in 2016 to 161 in 2026.
Peer companies in creative, arts, and entertainment activities:
| Name | Address | Sales (NOK) | Employees | EBITDA (NOK) |
|---|---|---|---|---|
| As Eikhi | Arne Garborgs veg 16, 4340 Bryne | 24.0M | 11 | 7.4M |
| Match Bryne Avd 260 | Jupitervegen 2, 4340 Bryne | 15.4M | 10 | 3.4M |
| Dressmann As Avd 141 Bryne | Storgata 12, 4340 Bryne | 10.2M | 10 | 1.6M |
Conclusion: The creative, arts, and entertainment activities sector has a larger company base and higher sales compared to the knit store industry. Entrepreneurs should consider opportunities in this broader sector to leverage larger market share and more stable sales.
Other companies in kreative, kunst og underholdningsaktiviteter (not in knit store)
| Company | Industry | Address | Sales | Employees | EBITDA |
|---|---|---|---|---|---|
| As Eikhi | clothing store | Arne Garborgs veg 16, 4340 Bryne | NOK 24.0M | 11 | NOK 7.4M |
| Match Bryne Avd 260 | clothing store | Jupitervegen 2, 4340 Bryne | NOK 15.4M | 10 | NOK 3.4M |
| Dressmann As Avd 141 Bryne | clothing store | Storgata 12, 4340 Bryne | NOK 10.2M | 10 | NOK 1.6M |
| Kappahl As Avd 402 Bryne | clothing store | Reevegen|Jærsenteret, 4340 Bryne | NOK 13.4M | 6 | NOK 1.5M |
| Decades Bryne Avd 456 | clothing store | Jupitervegen 2, 4340 Bryne | NOK 6.6M | 7 | NOK 1.5M |
| H & M Hennes & Mauritz As Avd 851 Bryne | clothing store | Jupitervegen 2, 4340 Bryne | NOK 28.6M | 18 | NOK 1.3M |
| Simone As | clothing store | Storgata 25, 4340 Bryne | NOK 12.7M | 9 | NOK 1.1M |
| Cubus Bryne Torgsenter Avd 857 | clothing store | Jupitervegen 2, 4340 Bryne | NOK 10.1M | 7 | NOK 941.3K |
| Only Stores Norway As Avd 34 Only Bryne M 44 | clothing store | Jupitervegen 2, 4340 Bryne | NOK 5.7M | 6 | NOK 562.8K |
| Honey Boutique As | clothing store | Storgata 18, 4340 Bryne | NOK 3.0M | 2 | NOK 553.0K |
| Lindex As Avd Bryne | clothing store | Jupitervegen 2, 4340 Bryne | NOK 11.7M | 11 | NOK 431.2K |
| Brn Best Retail Norge As Avd Bryne | clothing store | Jupitervegen 2, 4340 Bryne | NOK 7.3M | 9 | NOK 397.4K |
| Vero Moda Bryne M44 411659 | clothing store | Jupitervegen 2, 4340 Bryne | NOK 5.3M | 5 | NOK 392.8K |
| Carlings Bryne Avd N57 | clothing store | Jupitervegen 2, 4340 Bryne | NOK 6.4M | 5 | NOK 382.2K |
| Jack & Jones Bryne M44 307426 | clothing store | Jupitervegen 2, 4340 Bryne | NOK 4.7M | 4 | NOK 349.1K |
| Azula Birkeland | clothing store | Bolignummer H0203|Markvegen 20, 4355 Kvernaland | NOK 0 | 0 | NOK 0 |
| Beyou As | clothing store | Jupitervegen 2, 4340 Bryne | NOK 0 | 7 | NOK 0 |
| Brudegården As | second-hand goods store | Rimestadvegen 284, 4346 Bryne | NOK 0 | 0 | NOK 0 |
| Brudegården As | second-hand goods store | Rimestadvegen 284, 4346 Bryne | NOK 0 | 0 | NOK 0 |
| Comfyperformance Sinnes | clothing store | c/o Rune Fuglestad|Lauritz Bellesens gate 25, 4340 Bryne | NOK 0 | 0 | NOK 0 |
| Euro Sko M44 Bryne | footwear store | Jupitervegen 2, 4340 Bryne | NOK 0 | 10 | NOK 0 |
| Fashion Queen Minarik | second-hand goods store | Storgata 15, 4340 Bryne | NOK 0 | 0 | NOK 0 |
| Hygge Bryne As | clothing store | Storgata 32, 4340 Bryne | NOK 0 | 4 | NOK 0 |
| Høst & Vår Creative As | clothing store | Kvernelandsvegen 327, 4355 Kvernaland | NOK 0 | 2 | NOK 0 |
| Joma Multiservice As | second-hand goods store | Kong Haralds gate 17, 4345 Bryne | NOK 0 | 0 | NOK 0 |
| Joma Multiservice As | second-hand goods store | Kong Haralds gate 17, 4345 Bryne | NOK 0 | 0 | NOK 0 |
| Jæren Vinyl As | second-hand goods store | Sveinsvollsvegen 4, 4340 Bryne | NOK 0 | 0 | NOK 0 |
| Kn Handel As | clothing store | Kalbergvegen 162, 4355 Kvernaland | NOK 0 | 0 | NOK 0 |
| Lærke Bryne As | clothing store | Jupitervegen 2, 4340 Bryne | NOK 0 | 5 | NOK 0 |
| Morales Crafts And Textiles | clothing store | Ommundsvegen 25, 4344 Bryne | NOK 0 | 0 | NOK 0 |
| Mybra As | clothing store | Kalvahagen 2, 4355 Kvernaland | NOK 0 | 0 | NOK 0 |
| Nedrebø Holding As | clothing store | Kvernelandsvegen 325, 4355 Kvernaland | NOK 0 | 0 | NOK 0 |
| Netstamp Bjelland | second-hand goods store | Leirfenvegen 4, 4355 Kvernaland | NOK 0 | 0 | NOK 0 |
| Netstamp Bjelland | second-hand goods store | Leirfenvegen 4, 4355 Kvernaland | NOK 0 | 0 | NOK 0 |
| Skulstad Designs | clothing store | Reeholen 39, 4340 Bryne | NOK 0 | 0 | NOK 0 |
| Skulstad Designs | clothing store | Reeholen 39, 4340 Bryne | NOK 0 | 0 | NOK 0 |
| Xander Annette Hodne | clothing store | Vestervegen 20B, 4340 Bryne | NOK 0 | 0 | NOK 0 |
| Tomine As | clothing store | Storgata 28, 4340 Bryne | NOK 3.7M | 4 | NOK -32.0K |
| Day Or Night As | clothing store | c/o Heine Korneliussen|Kvernelandsvegen 79, 4355 Kvernaland | NOK 0 | 0 | NOK -69.0K |
| Tailorheaven As | clothing store | Kvernelandsvegen 327, 4355 Kvernaland | NOK 43.0K | 0 | NOK -134.0K |
Conclusion
Knit store industry in Time municipality has a relatively small company base with 3 companies and stable sales and employees over time. There are no bankruptcies, indicating a stable industry. Entrepreneurs should consider opportunities in Bryne, where all companies operate, and focus on stable sales channels and financial stability. At the same time, they should be aware of competition from the creative, arts, and entertainment activities industry, which has a larger company base and higher sales.