Itslearning AS
Score · fiscal year 2025
21of 100
How to read this: the company is ahead of 4 % of companies in the Morning class Medium in the same sector in 2025. What does this mean?
Rank in the Morning class Medium: 397 of 412 · What are Morning company classes?
Place in the whole sector: 1,900 of 2,025 · Informasjon og kommunikasjon
Profile
Beaver · Builder
Lower profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 8 and solidity 27 out of 100 among companies in the Morning class Medium in the same sector in 2025. Methodology
Against the sector
Itslearning AS is 28 points below the median for companies in the Morning class Medium in the same sector in 2025.
Median score 49 among 412 companies.
Against companies in the Morning class Medium in the same sector in 2025: operating margin −12.7% (median 5.9%) and equity ratio 15.2% (median 30.1%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 267 MNOK | 133 MNOK |
| Operating margin | −12.7% | 5.9% |
| Profit margin | −12.6% | 6.6% |
| Return on assets | −25.1% | 11.7% |
| Equity ratio | 15.2% | 30.1% |
| Debt-to-equity | 5.58 | 2.29 |
| Current ratio | 0.92 | 1.15 |
| Revenue growth | 1.1% | 6.4% |
| Revenue per employee | 4.52 MNOK | 2.46 MNOK |
The median and “ahead of” refer to companies in the Morning class Medium in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 21, Itslearning AS does better than 4% of companies in the Morning class Medium in the same sector (412 companies) in 2025.
Score 2023–2025
- Itslearning AS
- Median: companies in the Morning class Medium in the same sector
Itslearning AS has a score of 21 for 2025, rank 1,900 of 2,025 in the sector.
Strongest: Growth: percentile 27 against peers, revenue growth 1.1% against a median of 6.4%.
Weakest: Profitability: percentile 8 against peers, operating margin −12.7% against a median of 5.9%. Liquidity: percentile 25 against peers, current ratio 0.92 against a median of 1.15.
Worth a closer look
- Consider strengthening liquidity: current liabilities are 1.1 times current assets. Based on: current ratio 0.92 (median 1.15).
- The company made a loss before tax. Are these one-off items or a pattern? Based on: profit margin −12.6% (median 6.6%).
- The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors? Based on: operating margin −12.7% (median 5.9%).
- What lies behind weak profitability, and will it last?
Written by fixed rules from the figures. Describes the figures, does not explain causes. Not investment or financial advice. How the summary is made
What the numbers say
Itslearning AS had an operating margin of −12.7% and an equity ratio of 15.2% in 2025, and ranks 1,900 of 2,025 in Informasjon og kommunikasjon.
From 2024 to 2025: the equity ratio rose from −3.1% to 15.2% and the operating margin fell from −6.1% to −12.7%.
This text is generated automatically from the 2025 accounts.
Three simple methods
One method gives a figure: 19 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | not meaningful |
| EV/EBIT | 8.0 | not meaningful |
| P/B | 1.0 | 19 MNOK |
A mechanical estimate from public accounts, not advice. Mechanical estimate from public accounts with fixed multiples. Not a valuation and not advice to buy or sell. The multiples are provisional default values and must be adjusted per sector before the figures are used for anything. See the calculation
Worth a closer look
- watch
Consider strengthening liquidity: current liabilities are 1.1 times current assets.
Based on: Current ratio 0.92 (median 1.15).
- watch
The company made a loss before tax. Are these one-off items or a pattern?
Based on: Profit margin −12.6% (median 6.6%).
- watch
The operating margin is lower than at three in four companies in the sector. Where do costs differ from competitors?
Based on: Operating margin −12.7% (median 5.9%).
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 2.5% of the debt in 2025. The policy rate averaged 4.30 % the same year. This is a plain description of what the debt cost, not a model of interest sensitivity.
See interest rates, prices and exchange rates for the sector
Data quality
No anomalies found in the figures.
Scenario analysis: the sector's weakest year
We have no accounts for 2026, the sector's weakest year, for this company.
The sector's weakest year was 2026, with a median operating margin of 4.1%. Based on the 8 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 8 | weight 30% |
|---|---|---|
| Solidity | 27 | weight 25% |
| Liquidity | 25 | weight 15% |
| Growth | 27 | weight 15% |
| Consistency | 25 | weight 15% |
Durability: 17 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is Itslearning AS?
The operating margin was −12.7% in 2025, against a median of 5.9% among companies in the Morning class Medium in the same sector. Return on assets was −25.1%. The company made a loss before tax.
How solid is Itslearning AS?
The equity ratio was 15.2% in 2025 (median 30.1%). Debt-to-equity was 5.58 (median 2.29).
What is the liquidity of Itslearning AS like?
The current ratio was 0.92 in 2025 (median 1.15). Current assets did not cover current liabilities.
How does Itslearning AS compare in Informasjon og kommunikasjon?
Itslearning AS ranks 1,900 of 2,025 in Informasjon og kommunikasjon for 2025. Among companies in the Morning class Medium it is number 397 of 412. Revenue changed by 1.1% from the year before.
Public contracts
- Contracts awarded since 2024
- 1
- Total awarded value since 2024
- 2.8 MNOK
| Date | Buyer | Notice | Value |
|---|---|---|---|
| 9 June 2026 | Alta kommune | Digital Læringsplattform - LMS | 2.8 MNOK |
| 14 June 2019 | Ålesund kommune | Anskaffelse - Learning Management System, 2019 | 0.9 MNOK |
| 15 February 2019 | Nesodden kommune | Anskaffelse av læringsplattform | 2.6 MNOK |
| 2 January 2017 | Vest-Agder fylkeskommune | VAF-F2016.006 LMS VAF 2016 - Læringsplattform | value not stated |
Based on notices in Doffin. Does not show call-offs under framework agreements or purchases below the publication threshold. Values are as stated by the buyer.
Source: Doffin (DFØ), fetched 28 October 2026. Winners are matched on organisation number.
Contains data under the Norwegian licence for public data (NLOD 2.0) made available by Doffin/the Norwegian Agency for Public and Financial Management (DFØ). NLOD 2.0
From the Central Coordinating Register
- Org. no.
- 980682765
- Legal form
- AS
- Sector
- Informasjon og kommunikasjon (58.290)
- Morning company class
- Medium
- Employees
- 59 registered 10 August 2026
- Founded
- 13 April 1999 27 years in operation
- Share capital
- 0.23 MNOK
- Business address
- Edvard Griegs vei 1, 5059 BERGEN
- Municipality
- Bergen rank 8 of 11 in KOSTRA group 12
- Latest accounts filed
- 2025
- Website
- www.itslearning.no
- LEI
- 5493002ONR2ZOD2IRI53 not renewed (lapsed)
Source: Central Coordinating Register, Brønnøysund Register Centre. The employee count is reported by the company and may be older than the accounts. See the company at the Brønnøysund Register Centre
Ownership and roles
Loading roles …
Source: Central Coordinating Register, fetched 31 October 2026. Only names are shown.
- Parent company
- Itsl Holding AS (Norway)
Source: GLEIF (Global Legal Entity Identifier Foundation), fetched 30 October 2026. The parent is the one the company itself reported to GLEIF.
Owners and shareholdings will appear here once the shareholder data extract is in place.
Coming · not built yet
Error in the data?
Do you see an error in the figures or in how the company is mapped (sector, holding, group)? Let us know. Corrections require documentation.
Figures last fetched 2 November 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 9 | 21 | 21 | |
| Rank | 1,920 | 1,878 | 1,900 | |
| Operating margin | −29.8% | −6.1% | −12.7% | |
| Return on assets | −34.3% | −7.9% | −25.1% | |
| Equity ratio | 7.3% | −3.1% | 15.2% | |
| Current ratio | 0.52 | 0.56 | 0.92 | |
| Revenue growth | – | 52.5% | 1.1% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 173.0 MNOK | 263.8 MNOK | 266.7 MNOK |
| Operating profit | −51.5 MNOK | −16.1 MNOK | −33.9 MNOK |
| Profit before tax | −59.0 MNOK | −14.8 MNOK | −33.7 MNOK |
| Net profit | −59.0 MNOK | −14.8 MNOK | −33.7 MNOK |
| Financial expenses | 10.7 MNOK | 3.3 MNOK | 2.6 MNOK |
| Total assets | 141.0 MNOK | 145.6 MNOK | 123.8 MNOK |
| Current assets | 67.4 MNOK | 84.6 MNOK | 97.0 MNOK |
| Equity | 10.3 MNOK | −4.5 MNOK | 18.8 MNOK |
| Retained earnings | – | −4.7 MNOK | −116.7 MNOK |
| Total liabilities | 130.7 MNOK | 150.0 MNOK | 105.0 MNOK |
| Current liabilities | 130.7 MNOK | 150.0 MNOK | 105.0 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 2 November 2026, accounts id 7141223.