Undervisning
FollowDownload sector report (PDF)1,575 companies ranked against comparable companies in four Morning company classes. Fiscal year 2023. Source: Brønnøysund Register Centre. Methodology
Ranking · 2023 · Morning class Large
Too few companies in this class (1, at least 10 needed) for a ranking of its own. They are compared with the whole sector.
| # | Company | Score | Change |
|---|---|---|---|
| 1 | Vid Vitenskapelige Høgskole AS | 43 | – |
The rank is the rank in the class. A class with fewer than ten companies is compared with the whole sector. Full ranking · Press mode
Biggest moves · Morning class Large
Climbers and fallers need at least two fiscal years with a score. Coming when next year's figures are fetched.
Top lists in the sector · 2023 · Morning class Large
Combined profit before tax for the 1 ranked companies: 5 MNOK.
Size
The largest by revenue and employees, and who earns the most per employee.
Highest revenue
- Vid Vitenskapelige Høgskole AS 709 MNOK
Operating revenue.
Most employees
Employees according to the Central Coordinating Register.
Highest revenue per employee
- Vid Vitenskapelige Høgskole AS 1.3 MNOK
Only companies with at least 5 employees.
Profit and balance
Who earns the most, who loses the most, and who has the strongest balance sheet.
Highest operating margin
Operating result divided by operating revenue.
Largest profit
Profit before tax.
Largest loss
No company meets the requirement this year.
Profit before tax, the largest negative.
Most solid
Equity ratio: equity divided by total assets.
Growth and movement
Who grows and falls the most in revenue, and who has climbed or fallen the most on the index since the year before.
Fastest growth
No company meets the requirement this year.
Revenue growth from the year before, only from at least NOK 10 million in revenue.
Largest revenue decline
No company meets the requirement this year.
Revenue decline from the year before, only from at least NOK 10 million in revenue.
Biggest climbers
Requires an index for two financial years.
Change in index points from the year before.
Biggest fallers
Requires an index for two financial years.
Change in index points from the year before.
The lists cover ranked companies in the class: operating companies with at least NOK 1m in revenue, without holding companies and excluded ones. Size lists (revenue, profit, employees) count each group once. Source: Brønnøysund Register Centre. Amounts in other currencies are converted at Norges Bank's rates.
Positions in the sector · 2023 · Morning class Large
Each company is placed by profitability and solidity, measured as a place from 0 to 100 against the others in the same sector and Morning company class. The bubble shows revenue. Hover over or tap a bubble for the figures, filter by profile or search for a company.
Too few ranked companies to draw the map.
Summary · fiscal year 2023 · Morning class Large
The sector's median operating margin is −0.4%. 0 of 1 companies have negative equity. The median equity ratio is 30.5%.
All figures are for fiscal year 2023. Ranked: 1 operating companies. Holding companies, excluded companies and companies without enough data are shown but not ranked. How to read the index
- Growth is not included in the index: it needs the previous year's accounts.
Climbers and fallers · Morning class Large
Climbers need at least two fiscal years. They appear once next year's accounts are fetched or history is imported.
Awards · 2023 · Morning class Large
Needs attention · 2023 · Morning class Large
1 companies show at least one warning sign. Showing the 1 most important.
- watchVid Vitenskapelige Høgskole ASCurrent ratio below 1 (0.71)
Sector map · 2023 · Morning class Large
Too few ranked companies to draw the map.
Holding and investment companies · 2023
43 companies in the sector are holding or investment companies. They are kept out of the ranking above, since revenue, margins and growth say little about a company that lives from ownership. They are ranked on their own here: 12 have at least 10 MNOK in assets and are listed.
| Rank | Company | Score | Equity ratio | Return on assets | Current ratio | Total assets |
|---|---|---|---|---|---|---|
| 1 | Tiram Holding AS | 86 | 97.6% | 19.5% | 43.35 | 16 MNOK |
| 2 | Dahlenmyhr Holding AS | 78 | 87.9% | 31.8% | 2.81 | 10 MNOK |
| 3 | Nathan Holding AS | 76 | 90.3% | 10.0% | 68.14 | 36 MNOK |
| 4 | Ween Kapital AS | 60 | 71.1% | 17.3% | 2.20 | 30 MNOK |
| 5 | Isolde Invest AS | 54 | 97.8% | 0.6% | 13.32 | 94 MNOK |
| 6 | Lfs Holding AS | 49 | 86.5% | 1.4% | 162.16 | 13 MNOK |
| 7 | Sfr Holding AS | 42 | 58.9% | 9.3% | 0.72 | 903 MNOK |
| 8 | Vid Holding AS | 42 | 99.9% | −0.1% | 0.60 | 35 MNOK |
| 9 | Oasen Skole Holding AS | 40 | 46.2% | 5.4% | 2.66 | 27 MNOK |
| 10 | Sgd Holding AS | 29 | 68.4% | 2.4% | 0.66 | 12 MNOK |
| 11 | Hjertås Holding AS | 26 | 28.6% | 3.1% | 1.73 | 17 MNOK |
| 12 | Noroff Holding AS | 18 | 40.1% | 3.0% | 0.22 | 151 MNOK |
Score 0–100 against the other holding companies in the sector: equity ratio 40 %, return on assets 40 % and current ratio 20 %. Methodology
In our articles
- Property and finance earn the margins, but not the securityNo. 21 of 22 on median operating margin
- Boards of water, mining and shipping firms are oldest; IT and construction youngestNo. 14 of 22 on median board age
Scenario analysis: the sector's weakest year
The sector's weakest year was 2021, with a median operating margin of −5.7%.
Based on the 7 fiscal years we have. The analysis grows as more years are fetched or imported.
| Fiscal year | Median operating margin | Median equity ratio |
|---|---|---|
| 2019 | – | – |
| 2020 | – | – |
| 2021 · weakest year | −5.7% | 0.8% |
| 2022 | −3.4% | −20.8% |
| 2023 | 2.6% | 19.3% |
| 2024 | 2.2% | 21.1% |
| 2025 | 3.3% | 25.4% |
In 2021, 0 ranked companies did better than the sector, 1 about the same and 0 weaker.
Better than the sector: operating margin at or above the sector median and no loss or negative equity. Weaker: operating margin below the median and a loss or negative equity. Otherwise about the same as the sector. Methodology
Drivers in the sector
Interest rates, prices and exchange rates that shape the sector's year, next to the sector's median operating margin. The drivers are context and are not part of the index.
Consumer price index (indeks (2025 = 100))
Consumer price index rose 3.0% in 2025; the sector's median operating margin rose 1.0 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Consumer price index, annual average | 84.3 | 89.2 | 94.1 | 97.0 | 100.0 | 102.9 (so far) |
| Change from the year before | +3.5% | +5.8% | +5.5% | +3.2% | +3.0% | +2.9% |
| Sector's median operating margin | −5.7% | −3.4% | 2.6% | 2.2% | 3.3% | – |
Source: SSB (14710, CC BY 4.0). Source · fetched 4 November 2026
Policy rate (prosent)
Policy rate fell 0.20 percentage points in 2025; the sector's median operating margin rose 1.0 percentage points.
| Measure | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Policy rate, annual average | 0.08 | 1.32 | 3.54 | 4.50 | 4.30 | 4.17 (so far) |
| Change from the year before | −0.28 percentage points | +1.24 percentage points | +2.22 percentage points | +0.96 percentage points | −0.20 percentage points | −0.12 percentage points |
| Sector's median operating margin | −5.7% | −3.4% | 2.6% | 2.2% | 3.3% | – |
Source: Norges Bank (IR, NLOD 2.0). Source · fetched 4 November 2026
When policy rate fell in 2025, 744 of 1,340 ranked companies kept their operating margin at or above the year before. Among the largest: Vid Vitenskapelige Høgskole AS (−1.0% → 1.0%), Wright Trafikkskole AS (3.5% → 4.1%), Oslo Nye Høyskole AS (22.8% → 24.6%), Ifront Karriere AS (2.8% → 4.0%), Læringsverkstedet Gruppen AS (6.1% → 12.1%).
We show the drivers and the margin side by side and claim no cause. Sensitivity per company is not computed until we have at least 10 years of accounts per company: with three years such figures are false precision.
The sector in Norway (SSB)
The whole industry as Statistics Norway counts it: every enterprise, not only the limited companies we rank. Use these figures as background for the ranking above.
Enterprises, employment and turnover · 2024
- Enterprises
- 19,430
- +1.8% from 2023
- Persons employed
- 33,818
- +0.3% from 2023
- Turnover
- NOK 38.2 bn
- +5.2% from 2023
- Gross operating margin
- 12.8%
- Gross operating surplus divided by turnover
All enterprises, sole proprietorships included. SSB withholds some figures for confidentiality. The figure then shows the latest year with every value, and the year is given beside it.
Bankruptcies in the industry
35 enterprise bankruptcies in the last four quarters (2025K4–2026K3). Change 0.0% against the four quarters before (35). That is about 1.8 per 1,000 enterprises.
Source: Statistics Norway (SSB), table 12910, table 10790. CC BY 4.0. Our industry codes (SN2025) are linked to SSB’s (SN2007) with SSB’s correspondence table in Klass.
Latest bankruptcies and liquidations
- Jcw Associates AS 933410943 Voluntary liquidation · 2 November 2026 · 3 MNOK (2024)
- Arlo Maritime AS 994312367 Voluntary liquidation · 31 October 2026
- Nina Lægreid AS 936428002 Voluntary liquidation · 31 October 2026 · 0 MNOK (2025)
- Socia AS 937843712 Voluntary liquidation · 31 October 2026
- Spornes Gårdsbarnehage AS 995003066 Voluntary liquidation · 31 October 2026 · 6 MNOK (2025)
- VM Coaching AS 935908914 Voluntary liquidation · 31 October 2026 · 1 MNOK (2025)
- Wensaone AS 934080688 Voluntary liquidation · 31 October 2026
- AD Faktotum AS 926717294 Voluntary liquidation · 30 October 2026 · 0 MNOK (2025)
Industry codes (NACE)
| Code | Description |
|---|---|
| 85* | Hele hovedgruppe 85 |
| 85.100 | Førskoleundervisning og drift av barnehager |
| 85.201 | Ordinær grunnskoleundervisning |
| 85.202 | Spesialskoleundervisning på grunnskolenivå |
| 85.310 | Videregående opplæring innenfor studieforberedende utdanningsprogram |
| 85.320 | Videregående opplæring innenfor yrkesfaglige utdanningsprogram |
| 85.330 | Undervisning innenfor kort høyere yrkesfaglig utdanning |
| 85.401 | Undervisning ved universiteter |
| 85.402 | Undervisning ved vitenskapelige høgskoler |
| 85.403 | Undervisning ved andre høgskoler |
| 85.404 | Undervisning innenfor lang høyere yrkesfaglig utdanning |
| 85.510 | Undervisning innenfor idrett og rekreasjon |
| 85.521 | Kulturskoleundervisning til barn og unge |
| 85.529 | Annen undervisning innenfor kultur |
| 85.531 | Undervisning ved godkjente trafikkskoler |
| 85.532 | Annen trafikkskoleundervisning |
| 85.591 | Undervisning ved folkehøgskoler |
| 85.592 | Undervisning i form av arbeidsmarkedskurs/arbeidsrettede kurs |
| 85.593 | Undervisning ved voksenopplæringssentre, aktiviteter i studieforbund og undervisning i form av frivillige organisasjoners kurs |
| 85.594 | Privatundervisning |
| 85.595 | Undervisning innenfor religion |
| 85.596 | Aktiviteter utført ved leirskoler |
| 85.597 | Annen undervisning ellers |
| 85.610 | Formidlingstjenester tilknyttet kurs og veiledere |
| 85.691 | Pedagogisk-psykologisk rådgivningstjeneste |
| 85.699 | Andre tjenester tilknyttet undervisning ikke nevnt annet sted |