LÆRE AS
Score · fiscal year 2025
43of 100
How to read this: the company is ahead of 35 % of medium-sized companies in the same sector in 2025. What does this mean?
Rank: 24,540 of 38,670 · Handel
Profile
Cheetah · Sprinter
High profitability, lower solidity
Position against comparable companies in 2025, not a verdict on the company. Based on profitability 67 and solidity 39 out of 100 among medium-sized companies in the same sector in 2025. Methodology
Against the sector
LÆRE AS is 6 points below the median for medium-sized companies in the same sector in 2025.
Median score 49 among 2,198 companies.
Against medium-sized companies in the same sector in 2025: operating margin 4.6% (median 3.2%) and equity ratio 26.6% (median 32.6%).
The numbers behind the score
| Measure | Company | Median |
|---|---|---|
| Operating revenue | 628 MNOK | 173 MNOK |
| Operating margin | 4.6% | 3.2% |
| Profit margin | 5.3% | 3.2% |
| Return on assets | 17.4% | 11.6% |
| Equity ratio | 26.6% | 32.6% |
| Debt-to-equity | 2.76 | 2.03 |
| Current ratio | 1.16 | 1.38 |
| Revenue growth | −15.0% | 6.8% |
| Revenue per employee | 36.97 MNOK | 6.45 MNOK |
The median and “ahead of” refer to medium-sized companies in the same sector in 2025. The bar shows the share of companies the figure is ahead of.
With an index of 43, LÆRE AS does better than 35% of medium-sized companies in the same sector (2,203 companies) in 2025.
Score 2023–2025
- LÆRE AS
- Median: medium-sized companies in the same sector
LÆRE AS has a score of 43 for 2025, rank 24,540 of 38,670 in the sector.
Strongest: Profitability: percentile 67 against peers, operating margin 4.6% against a median of 3.2%.
Weakest: Growth: percentile 6 against peers, revenue growth −15.0% against a median of 6.8%. Liquidity: percentile 31 against peers, current ratio 1.16 against a median of 1.38.
Worth a closer look
- What lies behind weak growth, and will it last?
- What lies behind weak liquidity, 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
LÆRE AS had an operating margin of 4.6% and an equity ratio of 26.6% in 2025, and ranks 24,540 of 38,670 in Handel.
From 2024 to 2025: revenue fell by 15% and the equity ratio fell from 32.7% to 26.6%.
This text is generated automatically from the 2025 accounts.
Three simple methods
The methods give between 51 MNOK and 311 MNOK.
| Method | Multiple | Estimate |
|---|---|---|
| P/E | 10.0 | 258 MNOK |
| EV/EBIT | 8.0 | 311 MNOK |
| P/B | 1.0 | 51 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
No rules were triggered for this year.
Indications based on the latest annual accounts from open data. Not investment or financial advice.
Financial costs were 0.0% 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.
Data quality
No anomalies found in the figures.
Scenario analysis: the sector's weakest year
We have no accounts for 2017, the sector's weakest year, for this company.
The sector's weakest year was 2017, with a median operating margin of −65.6%. Based on the 11 fiscal years we have. The analysis grows as more years are fetched or imported. Methodology
What the score is made of
| Profitability | 67 | weight 30% |
|---|---|---|
| Solidity | 39 | weight 25% |
| Liquidity | 31 | weight 15% |
| Growth | 6 | weight 15% |
| Consistency | 52 | weight 15% |
Durability: 54 (average over 3 years)
Index version 2. Data completeness 100%: the share of the weights that had data.
Questions and answers
How profitable is LÆRE AS?
The operating margin was 4.6% in 2025, against a median of 3.2% among medium-sized companies in the same sector. Return on assets was 17.4%.
How solid is LÆRE AS?
The equity ratio was 26.6% in 2025 (median 32.6%). Debt-to-equity was 2.76 (median 2.03).
What is the liquidity of LÆRE AS like?
The current ratio was 1.16 in 2025 (median 1.38).
How does LÆRE AS compare in Handel?
LÆRE AS ranks 24,540 of 38,670 in Handel for 2025. Among companies of the same size (medium-sized companies) it ranks 1,427 of 2,203. Revenue changed by −15.0% from the year before.
Group accounts
The company is registered as part of a group, but we have no group accounts for it. Group accounts are filed by the parent company, and open data does not say which company that is.
Read the figures with care: a company in a group can look strong because of group contributions, or weak because dividends go up to the parent. The figures are indications, not the full picture.
We do not show the group structure, because open data does not say who owns whom.
Public contracts
- Contracts awarded since 2024
- 17
- in 15 notices (lots counted separately)
- Total awarded value since 2024
- 200.0 MNOK
- 1 contracts without a stated value are not in the total.
- Framework agreements
- 15
- Left out of the total: the value is a ceiling, not actual spend.
| Date | Buyer | Notice | Value |
|---|---|---|---|
| 18 August 2026 | Bergen kommune - Innkjøp konsern | IK-EØS 025-2026 Bøker og læremidler til Bergen kommune og samarbeidsparter | 200.0 MNOK |
| 9 June 2026 | Møre og Romsdal Fylkeskommune | 2026-014 Digitale og trykte læremidler | 32.0 MNOK (framework) |
| 24 March 2026 | Trondheim kommune | Trykte og digitale læremidler | 106.0 MNOK (framework) (2 lots) |
| 20 May 2025 | KONGSVINGER KOMMUNE | Skolebøker til kommunene i Kongsvingerregionene 2025 - 2029 | 20.0 MNOK (framework) |
| 9 May 2025 | Sarpsborg kommune | Trykte og digitale læremidler | 62.0 MNOK (framework) |
| 18 March 2025 | Vestland fylkeskommune | Rammeavtale læremiddel | 5.7 MNOK (framework) |
| 30 January 2025 | OFA IKS | OFA- Rammeavtale trykte læremidler med tilknyttete digitale læremidler | value not stated (2 lots) |
| 19 December 2024 | Anskaffelser i Akershus, Buskerud og Østfold KO | Kontraktstildeling Digitale ordbøker | value not stated |
| 8 July 2024 | GKI Grenlandskommunenes Innkjøpsenhet | Digitale læremidler | 28.0 MNOK (framework) |
| 2 July 2024 | Oslo kommune v/ Utdanningsetaten | 6-UDE-2024 - Rammeavtale trykte læremidler | 450.0 MNOK (framework) |
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.
- 989639722
- Legal form
- AS · part of a group
- Sector
- Handel (46.490)
- Size tier
- medium
- Employees
- 17 registered 10 October 2026
- Founded
- 21 March 2006 20 years in operation
- Share capital
- 0.50 MNOK
- Business address
- Alf Bjerckes vei 20, 0582 OSLO
- Municipality
- Oslo rank 63–221 of 357 in Norway
- Latest accounts filed
- 2025
- Website
- www.bsu.no
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
- Chief executive
- Linn Almén
- Chair of the board
- Terje Eid-Hviding
- Board member
- Svein Skarheim
- Board member
- Tanja Brodshaug
- Board member
- Linn Almén
- Board member
- Maria Alm
- Deputy member
- Ann-Julie Sarucco
- Auditor
- BDO AS
Source: Central Coordinating Register, fetched 29 October 2026. Only names are shown.
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 29 October 2026.
Year by year · 2023–2025
| Key figure | 2023 | 2024 | 2025 | Trend |
|---|---|---|---|---|
| Index | 71 | 48 | 43 | |
| Rank | 5,631 | 20,036 | 24,540 | |
| Operating margin | 5.4% | 5.0% | 4.6% | |
| Return on assets | 20.6% | 17.6% | 17.4% | |
| Equity ratio | 46.2% | 32.7% | 26.6% | |
| Current ratio | 1.67 | 1.30 | 1.16 | |
| Revenue growth | – | −8.3% | −15.0% |
Accounts
From the Brønnøysund Register Centre, in the company's reporting currency (NOK).
| Key figure | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating revenue | 806.0 MNOK | 739.1 MNOK | 628.5 MNOK |
| Operating profit | 43.3 MNOK | 37.0 MNOK | 28.9 MNOK |
| Profit before tax | 47.6 MNOK | 41.2 MNOK | 33.0 MNOK |
| Net profit | 37.2 MNOK | 32.2 MNOK | 25.8 MNOK |
| Financial expenses | 0.0 MNOK | 0.0 MNOK | 0.0 MNOK |
| Total assets | 231.5 MNOK | 233.9 MNOK | 190.7 MNOK |
| Current assets | 207.8 MNOK | 205.2 MNOK | 162.3 MNOK |
| Equity | 106.9 MNOK | 76.4 MNOK | 50.7 MNOK |
| Retained earnings | 100.9 MNOK | 70.4 MNOK | 44.7 MNOK |
| Total liabilities | 124.6 MNOK | 157.5 MNOK | 139.9 MNOK |
| Current liabilities | 124.6 MNOK | 157.5 MNOK | 139.9 MNOK |
Source: Brønnøysund Register Centre (Register of Company Accounts), fetched 29 October 2026, accounts id 6967624.
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