Undervisning
FollowDownload sector report (PDF)947 companies ranked against comparable companies in four Morning company classes. Fiscal year 2024. Source: Brønnøysund Register Centre. Methodology
Ranking · 2024 · Morning class Small
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 Small
- Wave Kompetanse AS−69
From 2023 to 2024: the operating margin fell from 19.4% to −16.8% and went from a profit to a loss before tax.
- Dolstad Barnehage AS+61
From 2023 to 2024: went from a loss to a profit before tax and the equity ratio rose from −27.1% to 17.6%.
- Espira Romholt AS−50
From 2023 to 2024: the operating margin fell from 42.9% to −24.8% and went from a profit to a loss before tax.
- Drive Trafikkskole AS+47
From 2023 to 2024: went from a loss to a profit before tax and the equity ratio rose from −43.8% to 3.6%.
Top lists in the sector · 2024 · Morning class Small
The five largest companies account for 3% of the sector's revenue. Combined profit before tax for the 344 ranked companies: 172 MNOK.
Highest revenue
- Lundeneset Vgs AS 50 MNOK
- TEISENTOPPEN, Frelsesarmeens Barnehage i Oslo AS 50 MNOK
- Birralee International School Trondheim AS 49 MNOK
- Langedrag Naturpark AS 49 MNOK
- Norlandia Myrdal Barnehage AS 49 MNOK
Operating revenue.
Highest operating margin
- Heleneragnhild AS 48.1%
- Oasen Holding Søgne AS 43.2%
- Extek AS 39.7%
- Norwegian Competence Centre Helicopter AS 28.5%
- Høyskolen for Yrkesfag AS 25.6%
Operating result divided by operating revenue.
Largest profit
- Ask Safety AS 12 MNOK
- Langedrag Naturpark AS 12 MNOK
- Norwegian Competence Centre Helicopter AS 9 MNOK
- Oasen Holding Søgne AS 8 MNOK
- Espira Grefsen AS 7 MNOK
Profit before tax.
Largest loss
- VIDEOCATION.NO AS −42 MNOK
- RS Sjøredningsskolen AS −9 MNOK
- Kvitsund Gymnas AS −7 MNOK
- Maersk Training Norway AS −6 MNOK
- Mesterakademiet Norges Mesterakademi AS −6 MNOK
Profit before tax, the largest negative.
Most solid
- Maersk Training Norway AS 90.0%
- Norlights International School Oslo AS 86.8%
- Fjellhaug Internasjonale Høgskole AS 86.4%
- Stamina Kurssenter AS 86.2%
- Langedrag Naturpark AS 85.4%
Equity ratio: equity divided by total assets.
Fastest growth
- G-Tec AS +103.3%
- Læringsverkstedet Velodromen Idrettsbarnehage AS +100.1%
- SKAGERAK INTERNATIONAL SCHOOL, Tønsberg AS +85.7%
- Fjordveien Barnehage AS +64.1%
- Ifokus Kompetanse AS +58.3%
Revenue growth from the year before, only from at least NOK 10 million in revenue.
Largest revenue decline
- Maersk Training Norway AS −24.1%
- Wave Kompetanse AS −22.5%
- Medvind Personal AS −21.0%
- RS Sjøredningsskolen AS −19.3%
- Kompetansehuset Neo AS −15.0%
Revenue decline from the year before, only from at least NOK 10 million in revenue.
Biggest climbers
- Dolstad Barnehage AS +60.4 points
- Drive Trafikkskole AS +47.3 points
- Energy Innovation AS +45.1 points
- Mentornorge AS +40.8 points
- Sandhåland Musikk og Gårdsbarnehage AS +40.1 points
Change in index points from the year before.
Biggest fallers
- Wave Kompetanse AS −69.6 points
- Espira Romholt AS −49.8 points
- Plus-Skolen AS −45.4 points
- Blåklokka Barnehage AS −42.4 points
- Hokus Pokus Kristiansand AS −41.8 points
Change in index points from the year before.
Most employees
- Langedrag Naturpark AS 135
- Drs AS 125
- RS Sjøredningsskolen AS 100
- Kvitsund Gymnas AS 88
- Kongshaug Musikkgymnas AS 82
Employees according to the Central Coordinating Register.
Highest revenue per employee
- Flightsafety International Norway AS 7.8 MNOK
- Gostudy AS 7.1 MNOK
- Active Education AS 5.6 MNOK
- Norwegian Competence Centre Helicopter AS 5.0 MNOK
- Strongbody AS 4.0 MNOK
Only companies with at least 5 employees.
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 · 2024 · Morning class Small
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.
Bubble size shows relative revenue, not exact figures. Dashed lines show where the 5 companies that moved most stood in 2023 (small ring).
- Wave Kompetanse AS profitability 97 → 3, solidity 69 → 0
- Espira Romholt AS profitability 100 → 1, solidity 45 → 0
- Dolstad Barnehage AS profitability 6 → 85, solidity 0 → 44
- Plus-Skolen AS profitability 93 → 8, solidity 94 → 92
- TROLLSTUA, Frelsesarmeens Barnehage i Asker AS profitability 89 → 8, solidity 83 → 73
Lion · LeaderHigh profitability, high solidity
Cheetah · SprinterHigh profitability, lower solidity
Elephant · StewardLower profitability, high solidity
Beaver · BuilderLower profitability, lower solidity
Show the positions as a list
Summary · fiscal year 2024 · Morning class Small
The sector's median operating margin is 2.5%. 37 of 347 companies have negative equity. The median equity ratio is 20.4%.
All figures are for fiscal year 2024. Ranked: 344 operating companies. Holding companies, excluded companies and companies without enough data are shown but not ranked. How to read the index
Climbers and fallers · Morning class Small
Change in rank from 2023 to 2024, for 320 companies ranked in both years.
Climbers
- 265Dolstad Barnehage ASfrom rank 332 to 6766
- 232Energy Innovation ASfrom rank 285 to 5369
- 193Åsane Trafikkskole ASfrom rank 216 to 2381
- 192Drive Trafikkskole ASfrom rank 328 to 13655
- 183Espira Skjeraberget ASfrom rank 279 to 9661
Fallers
- 290Wave Kompetanse ASfrom rank 53 to 3434
- 248Espira Romholt ASfrom rank 77 to 32516
- 224Hokus Pokus Kristiansand ASfrom rank 37 to 26136
- 217Ringerike Montessori ASfrom rank 32 to 24938
- 200TROLLSTUA, Frelsesarmeens Barnehage i Asker ASfrom rank 13 to 21345
Awards · 2024 · Morning class Small
Needs attention · 2024 · Morning class Small
212 companies show at least one warning sign. Showing the 15 most important.
- criticalRS Sjøredningsskolen ASNegative equity · Current ratio below 1 (0.40) · Loss before tax
- criticalEspira Kuventræ ASNegative equity · Current ratio below 1 (0.83) · Loss before tax
- criticalNymarkbakken Fus Barnehage ASNegative equity · Current ratio below 1 (0.59) · Loss before tax
- criticalHoppensprett Akademiet Vgs Jessheim ASNegative equity · Current ratio below 1 (0.32) · Loss before tax
- criticalBarnehage 1 ASNegative equity · Current ratio below 1 (0.34) · Loss before tax
- criticalWave Kompetanse ASNegative equity · Current ratio below 1 (0.24) · Loss before tax
- criticalMusikkundervisningen Norge ASNegative equity · Current ratio below 1 (0.23) · Loss before tax
- criticalLunderåsen Fus Barnehage ASNegative equity · Current ratio below 1 (0.89) · Loss before tax
- criticalPrestvannet Studentbarnehage ASNegative equity · Current ratio below 1 (0.85) · Loss before tax
- criticalAkademiet Vgs Bergen ASNegative equity · Current ratio below 1 (0.20) · Loss before tax
- criticalLæringsverkstedet Nøstodden Barnehage ASNegative equity · Current ratio below 1 (0.18) · Loss before tax
- criticalEspira Romholt ASNegative equity · Current ratio below 1 (0.73) · Loss before tax
- criticalHernes Fus Barnehage ASNegative equity · Current ratio below 1 (0.61) · Loss before tax
- criticalTakt og Tone ASNegative equity · Current ratio below 1 (0.72) · Loss before tax
- criticalValvatna Fus Barnehage ASNegative equity · Current ratio below 1 (1.00) · Loss before tax
Sector map · 2024 · Morning class Small
Profitability against solidity for the ranked companies. Size shows revenue. Coral triangle: negative equity. Click to open the company. Outliers are placed on the edge.
Show the map's figures as a table
Holding and investment companies · 2024
44 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: 14 have at least 10 MNOK in assets and are listed.
| Rank | Company | Score | Equity ratio | Return on assets | Current ratio | Total assets |
|---|---|---|---|---|---|---|
| 1 | Hopstock Holding AS | 88 | 99.4% | 32.5% | 68.93 | 11 MNOK |
| 2 | Infinitum Holding AS | 80 | 98.0% | 65.7% | 36.65 | 141 MNOK |
| 3 | Petter Myhre Invest AS | 75 | 99.7% | 14.6% | 46.01 | 11 MNOK |
| 4 | Lfs Holding AS | 68 | 99.6% | 8.2% | 225.28 | 13 MNOK |
| 5 | Nathan Holding AS | 66 | 91.9% | 15.1% | 2,345.65 | 38 MNOK |
| 6 | Tiram Holding AS | 65 | 98.3% | 13.5% | 60.14 | 19 MNOK |
| 7 | Altitude Invest AS | 58 | 91.7% | 27.2% | 0.83 | 12 MNOK |
| 8 | Btv Invest AS | 52 | 87.6% | 18.5% | 1.37 | 12 MNOK |
| 9 | Steinbråten Holding AS | 46 | 67.0% | 21.6% | 0.57 | 10 MNOK |
| 10 | Isolde Invest AS | 38 | 95.6% | 3.1% | 17.34 | 93 MNOK |
| 11 | Oasen Skole Holding AS | 26 | 50.0% | 9.2% | 1.10 | 29 MNOK |
| 12 | Sfr Holding AS | 17 | 55.0% | 7.8% | 0.47 | 1,061 MNOK |
| 13 | Sgd Holding AS | 14 | 56.1% | 2.5% | 0.61 | 12 MNOK |
| 14 | Noroff Holding AS | 6 | 39.7% | 6.1% | 0.11 | 152 MNOK |
Score 0–100 against the other holding companies in the sector: equity ratio 40 %, return on assets 40 % and current ratio 20 %. Methodology
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 | 3.1% | 28.2% |
| 2024 | 2.8% | 28.1% |
| 2025 | 3.9% | 30.9% |
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 1.2 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% | 3.1% | 2.8% | 3.9% | – |
Source: SSB (14710, CC BY 4.0). Source · fetched 2 November 2026
Policy rate (prosent)
Policy rate fell 0.20 percentage points in 2025; the sector's median operating margin rose 1.2 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% | 3.1% | 2.8% | 3.9% | – |
Source: Norges Bank (IR, NLOD 2.0). Source · fetched 2 November 2026
When policy rate fell in 2025, 483 of 869 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
- 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)
- Amygdala Coaching og Veiledning AS 925902101 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 |