Urgent.News

What's breaking now, across thousands of outlets.

Business

Entreprenør konkurs: – Er bekymret

Tromsø-selskap kaster kortene.

Entreprenør konkurs: – Er bekymret

I the previous week, a bankruptcy proceeding was initiated for Bygg & Betong Teknikk AS at the Nord-Troms and Senja District Court, according to a notification in Brønnøysundregistrene. The company has voluntarily filed for bankruptcy. Since 2018, the entrepreneur company has been conducting concrete work, as well as new construction, building and renovation in the Troms region.

Four employees have been dismissed, all of whom have been laid off, while the company has been suspended, according to the bankruptcy petition. The company leaves behind a recorded debt of approximately 8.2 million kroner, it emerges. It appears that they have had problems with certain customers, and that the estimated amounts of around 4 million kroner are linked to claims that have been problematic, says Krane to E24.

The company has attempted, with legal support from the association they are organized in, to pursue the claims without success, according to the bankruptcy petition. The landlord anticipates that the debt will increase as claims come in, and that leasing companies, who own the machinery park, will eventually make the entire leasing period payable.

Bygg & Betong Teknikk has completed all projects before the bankruptcy, and the employees have been paid their salaries for the last operation, according to the bankruptcy petition. "How is the construction industry in Troms at the moment?" - It is simply challenges, as there are very few projects underway. The industry complains and is worried, and blames the municipality for the lengthy processing time, says the landlord.

He adds that it was the share of bankruptcies in Troms, but that the larger players with larger projects manage. "But they also have challenges," says Krane. Bygg & Betong Teknikk's accounts show a mixed development. From revenue of nearly 18 million kroner in 2022, revenue fell to 12.4 million kroner in 2023, and then to 8.6 million kroner in 2024, according to proff.no.

In 2025, operating expenses rose to around 27 million kroner, which was the highest ever. The net loss was 1.9 million kroner in 2024, and equity was a meager 671,000 at the end of the year. As E24 broadly reported, there have been a number of bankruptcies in the construction and engineering sector over the past few years. Behind the scenes, interest rates have increased and costs have risen, contributing to near-standstill demand and hard competition with thin margins for the available projects.

The downturn is occurring in large parts of the country, with Rogaland and Vestland counties being partial exceptions. Recently, construction and engineering entrepreneurs such as Trestandard bygg, Cms Bygg and Anlegg, SRK Byggentreprenør, JK Entreprenør, F8 Entreprenør, and Bærums-entreprenør Bygg Teknikk and Tømrerservice have gone bankrupt.

Recently, construction and engineering bankruptcies have been trickling in from places like Ørland, Volda, Sarpsborg, Sogndal, and Ålesund, with more.

Written by urgent.news from E24 Norway's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Read the original at e24.no →

More in Business

DOJ won’t reopen Powell probe

There’s “more work to do to understand” how the Federal Reserve’s renovation project became so expensive, Attorney General Todd Blanche told Bloomberg TV, but the Justice Department won’t reopen its related investigation into Jerome Powell.

More from Monday 5 October →