Sector

Undervisning

885 companies ranked against comparable companies in four Morning company classes. Fiscal year 2025. Source: Brønnøysund Register Centre. Methodology

Morning company class

Morning company classes are our own division by revenue, not an official standard: Micro NOK 1m–10 MNOK, Small 10 MNOK–50 MNOK, Medium 50 MNOK–500 MNOK, Large from 500 MNOK. Companies are ranked only against others in the same class, and every figure below is for the class you have chosen. What are Morning company classes?

Ranking · 2025 · Morning class Micro

Morning class Micro · 2025
#	Company	Profile	Score	Change
1	H2B - Headheartbody AS	Leader	91	+1
2	Mattehelten AS	Leader	89	–
3	Stangeland Trafikkskole AS	Leader	87	+64
4	Arbeidsmiljøspesialistene AS	Leader	87	+10
5	Sternuus AS	Leader	87	+7
6	Isogaisa Siida AS	Leader	87	+14
7	Nts AS	Leader	86	+8
8	Datsja AS	Leader	86	+11
9	Concentio AS	Leader	86	+13
10	Isving Trafikkopplæring Måløy AS	Leader	85	+11
11	Møbelsnekkerskolen AS	Leader	84	+10
12	Sidesporet Elverhøy AS	Leader	84	–
13	Jhk Trafikkskole AS	Leader	84	+5
14	Kom og Dans AS	Leader	84	+5
15	Foss Trafikkskole AS	Leader	83	+8
16	North Pole Aerial and Pole Fitness AS	Leader	83	−2
17	Fuglehundens Verden AS	Leader	82	+2
18	Nordic Centre for Applied Learning AS	Leader	82	+36
19	Sletto Trafikkskole AS	Leader	81	+1
20	Birgit Skarstein AS	Leader	81	−5
21	Systova Naustdal AS	Leader	81	−4
22	Hanne Lindbæk AS	Leader	80	+13
23	Fevik Maritime Leirskole AS	Leader	80	−5
24	Åssiden Trafikkskole AS	Leader	80	+2
25	Nsu AS	Leader	80	+44
26	Sterk Sammen AS	Leader	79	+9
27	Pro Padel Paradis AS	Leader	78	−3
28	Grønne Tun AS	Leader	78	+9
29	Kon-Text AS	Leader	78	+8
30	Speechdesigner AS	Leader	78	–
31	Rks AS	Leader	78	–
32	POSITIV & Feste Trafikkskole AS	Leader	78	+7
33	Paal Aagaard Svømmekonsult AS	Leader	78	+2
34	JP Trafikkskole AS	Leader	77	+10
35	Improbus AS	Leader	77	+12
36	Crossfit Lillestrøm AS	Leader	77	0
37	Min Trafikkskole AS	Leader	77	0
38	Kulturvugga Barnehage AS	Leader	76	+9
39	NTE AS	Leader	76	−11
40	Solearning AS	Leader	76	+1
41	Edvardsen Trafikkskole Narvik AS	Leader	76	+4
42	Liens Trafikkskule AS	Leader	76	−2
43	Team Trafikkskole Mandal AS	Leader	76	0
44	Hanna Sundquist AS	Leader	75	−8
45	Henriksen Sjåførskole AS	Sprinter	75	+69
46	Hofslundsengen Trafikkskule AS	Leader	75	+7
47	Transformasjonskolen AS	Leader	75	+13
48	Medico Consulting AS	Leader	75	+4
49	Hauge Trafikk og Maskin AS	Leader	74	+3
50	Flaskepost AS	Leader	74	–

Download as CSV (opens in Excel)

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 Micro

Henriksen Sjåførskole AS
From 2024 to 2025: the operating margin rose from −28.4% to 75.2% and the equity ratio rose from −104.1% to 33.9%.
+69
Stangeland Trafikkskole AS
From 2024 to 2025: the equity ratio rose from 23.9% to 102.0% and went from a loss to a profit before tax.
+64
Studio 3 Dans AS
From 2024 to 2025: the equity ratio rose from −392.1% to 37.2% and the operating margin rose from −5.5% to 17.1%.
+59
Varmegrader AS
From 2024 to 2025: the equity ratio fell from 29.7% to −28.2% and the operating margin fell from 9.4% to −13.3%.
−58

Summary analysis

Undervisning, Morning class Medium: 63 ranked companies in fiscal year 2025.

Best in the sector: Calian Europe AS (score 87, operating margin 25.4%, equity ratio 70.6%). Akademiet Oslo AS (score 85, operating margin 11.9%, equity ratio 82.1%). Gokstad Akademiet AS (score 82, operating margin 11.8%, equity ratio 71.3%).

Weakest in the sector: Espira Gruppen AS (score 14, operating margin −8.8%, equity ratio 5.8%). Fagskolen Kristiania AS (score 17, operating margin −5.9%, equity ratio 20.4%). Lovisenberg Diakonale Høgskole AS (score 18, operating margin −7.0%, equity ratio 26.5%).

Worth a closer look

The median operating margin rose from 2.8% in 2024 to 4.3% in 2025 (1.5 percentage points).
The median equity ratio rose from 39.1% in 2024 to 43.1% in 2025 (4.1 percentage points).
The median revenue growth fell from 8.5% in 2024 to 8.5% in 2025 (0.1 percentage points).
The share with a loss went from 19% in 2024 to 14% in 2025.

Written by fixed rules from the figures. Describes the figures, does not explain causes. Not investment or financial advice. How the summary is made

Top lists in the sector · 2025 · Morning class Micro

The five largest companies account for 2% of the sector's revenue. Combined profit before tax for the 534 ranked companies: 95 MNOK.

Highest revenue

Huldraheimen Steinerbarnehage AS 10 MNOK
Trio Trafikkskole Alta AS 10 MNOK
Fevik Maritime Leirskole AS 10 MNOK
Hudpleieakademiet AS 10 MNOK
Lister Trafikkskole AS 10 MNOK

Operating revenue.

Highest operating margin

Birgit Skarstein AS 101.3%
Sense of Science AS 94.4%
Medico Consulting AS 93.3%
Improbus AS 86.6%
Psi Assessment AS 83.5%

Operating result divided by operating revenue.

Largest profit

Profit before tax.

Largest loss

H100 Technology AS −6 MNOK
Nursing Norway AS −5 MNOK
Femme City Lade AS −2 MNOK
Hundeskolen AS −2 MNOK
Hamna Gård AS −2 MNOK

Profit before tax, the largest negative.

Most solid

Hundeskolen AS 98.7%
Fevik Maritime Leirskole AS 98.5%
Holtskog AS 97.7%
Sentrum Yoga AS 96.3%
Nts AS 93.2%

Equity ratio: equity divided by total assets.

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

Nursing Norway AS −83.2%
Kompetansehuset Neo AS −49.7%
Briga AS −32.5%
Quick Style AS −23.6%
Svømmeakademiet AS −10.7%

Revenue decline from the year before, only from at least NOK 10 million in revenue.

Biggest climbers

Henriksen Sjåførskole AS +68.9 points
Stangeland Trafikkskole AS +64.1 points
Studio 3 Dans AS +58.6 points
Sylvi Katrin AS +56.2 points
HALLONORUEGA! AS +54.9 points

Change in index points from the year before.

Biggest fallers

Tank Life AS −58.6 points
Varmegrader AS −57.5 points
Hustadvika Trafikkskole AS −49.9 points
Fra Offer til Kriger AS −47.5 points
Annicken Day AS −46.1 points

Change in index points from the year before.

Most employees

Employees according to the Central Coordinating Register.

Highest revenue per employee

Driving Trafikkskole AS 1.7 MNOK
Driving Trafikkskole Drammen AS 1.7 MNOK
Hudpleieakademiet AS 1.7 MNOK
Elevens Trafikkskole AS 1.5 MNOK
Din Trafikkskole AS 1.4 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.

Quadrant analysis

Positions in the sector · 2025 · Morning class Micro

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.

The chart and list show the 400 largest companies by revenue, of 536 in the class. Everyone is in the ranking. Full ranking

Bubble size shows relative revenue, not exact figures. Dashed lines show where the 5 companies that moved most stood in 2024 (small ring).

Henriksen Sjåførskole AS profitability 5 → 99, solidity 0 → 47
Stangeland Trafikkskole AS profitability 9 → 88, solidity 34 → 100
Studio 3 Dans AS profitability 9 → 93, solidity 0 → 51
H100 Technology AS profitability 13 → 0, solidity 97 → 0
Ersvika Samiske Siida AS profitability 1 → 87, solidity 0 → 44

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

Company	Profile	Profitability	Solidity	In 2024 (profitability / solidity)
Henriksen Sjåførskole AS	Cheetah	99	47	5 / 0
Sternuus AS	Lion	97	82	86 / 55
Liv AS	Cheetah	97	28	81 / 0
Vgs Online AS	Cheetah	97	0	3 / 0
Birgit Skarstein AS	Lion	96	98	97 / 85
Interbridge AS	Cheetah	96	0	–
Performance Kampsportsenter AS	Lion	96	73	98 / 71
H2B - Headheartbody AS	Lion	95	95	96 / 93
Proff Kompetanse AS	Cheetah	95	0	18 / 0
Norsk Anleggs- og Sikkerhetsopplæring AS	Cheetah	94	24	93 / 20
Hanne Lindbæk AS	Lion	94	71	85 / 77
Nsu AS	Lion	94	79	8 / 54
Simsa AS	Cheetah	94	40	95 / 35
Førstehjelperen AS	Cheetah	93	21	92 / 0
Foss Trafikkskole AS	Lion	93	93	95 / 63
Metis Privatlærer Bergen AS	Cheetah	93	13	–
Ndi Språkskole AS	Cheetah	93	22	54 / 43
Henriksen Trafikkskole AS	Lion	93	60	–
Studio 3 Dans AS	Lion	93	51	9 / 0
Otd Akademiet AS	Cheetah	93	44	95 / 42
Høybråtentrafikkskole AS	Cheetah	93	48	–
Medico Consulting AS	Lion	91	96	94 / 93
Autoskolen AS	Cheetah	91	46	20 / 0
Arbeidsmiljøspesialistene AS	Lion	91	99	90 / 100
Nordic Centre for Applied Learning AS	Lion	90	82	35 / 60
Isogaisa Siida AS	Lion	90	90	71 / 75
Åssiden Trafikkskole AS	Lion	90	87	96 / 74
Øvrebø Trafikkskole AS	Cheetah	90	33	–
Norlense Beredskap AS	Cheetah	89	0	–
Haralds Trafikkskole Anders Ullaug AS	Cheetah	88	0	26 / 0
Stangeland Trafikkskole AS	Lion	88	100	9 / 34
Fuglehundens Verden AS	Lion	88	98	87 / 96
Ersvika Samiske Siida AS	Cheetah	87	44	1 / 0
Nts AS	Lion	87	99	85 / 97
Lille MY Familiebarnehage Bjerkelundsveien AS	Cheetah	87	48	–
Newskills AS	Cheetah	87	0	96 / 45
Askeladden Barnehage Borg Revyveien AS	Lion	87	70	51 / 66
Maskinopplæring AS	Lion	87	83	60 / 70
Jorunn Krokeide AS	Lion	86	66	5 / 37
Frippy Prosjekt AS	Lion	86	51	44 / 16
Dreamvisions AS	Lion	86	78	–
Sterk Sammen AS	Lion	86	71	61 / 77
SPIRE & Gro Barnehagene AS	Lion	86	62	72 / 55
Kom og Dans AS	Lion	85	89	82 / 84
Jhk Trafikkskole AS	Lion	85	91	80 / 95
Pro Padel Paradis AS	Lion	85	76	95 / 73
Arman V AS	Cheetah	85	22	12 / 0
SM Training AS	Cheetah	85	18	–
Min Trafikkskole AS	Lion	84	78	82 / 79
ROGER BIL & Mc Skole AS	Cheetah	84	38	59 / 26

The sector in numbers

Summary · fiscal year 2025 · Morning class Micro

The sector's median operating margin is 3.2%. 222 of 1,021 companies have negative equity. The median equity ratio is 31.6%.

Companies with accounts1,021

Total revenue2,115 MNOK

Median operating margin3.2%

Median equity ratio31.6%

Share with a loss38%

Share with negative equity22%

All figures are for fiscal year 2025. Ranked: 536 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 Micro

Change in rank from 2024 to 2025, for 476 companies ranked in both years.

Climbers

494Henriksen Sjåførskole ASfrom rank 539 to 4575
465Stangeland Trafikkskole ASfrom rank 468 to 387
437Sylvi Katrin ASfrom rank 517 to 8070
436Studio 3 Dans ASfrom rank 535 to 9967
421Noah Barnehage ASfrom rank 522 to 10166

Fallers

456Tank Life ASfrom rank 33 to 48920
399Varmegrader ASfrom rank 128 to 5278
362Fra Offer til Kriger ASfrom rank 137 to 49917
361Arctic Silence ASfrom rank 113 to 47423
354Ann-Karin's Trafikkskole ASfrom rank 64 to 41833

Awards · 2025 · Morning class Micro

Most profitableBirgit Skarstein AS101.3%

Fastest growthUniq Studiesenter AS18,445.9%

Strongest balance sheetStangeland Trafikkskole AS102.0%

Largest revenueHuldraheimen Steinerbarnehage AS10 MNOK

Highest revenue per employeeDriving Trafikkskole AS1.7 MNOK

Needs attention · 2025 · Morning class Micro

555 companies show at least one warning sign. Showing the 15 most important.

criticalRavnanger Barnehage ASNegative equity · Current ratio below 1 (0.77) · Loss before tax
criticalHelledammen Fus Barnehage ASNegative equity · Current ratio below 1 (0.27) · Loss before tax
criticalTangen Trafikkskole ASNegative equity · Current ratio below 1 (0.17) · Loss before tax
criticalVinderen Dansestudio ASNegative equity · Current ratio below 1 (0.68) · Loss before tax
criticalBlixland Hestesenter ASNegative equity · Current ratio below 1 (0.21) · Loss before tax
criticalFcpa Norge ASNegative equity · Current ratio below 1 (0.44) · Loss before tax
criticalOslo Keramikkverksted ASNegative equity · Current ratio below 1 (0.57) · Loss before tax
criticalKompetansehuset Neo ASNegative equity · Current ratio below 1 (0.45) · Loss before tax
criticalTrafikksikker ASNegative equity · Current ratio below 1 (0.13) · Loss before tax
criticalOslo Kvinnehelsesenter ASNegative equity · Current ratio below 1 (0.97) · Loss before tax
criticalTEAM AUT. Trafikkskole ASNegative equity · Current ratio below 1 (0.79) · Loss before tax
criticalFra Offer til Kriger ASNegative equity · Current ratio below 1 (0.81) · Loss before tax
criticalPadel Sør ASNegative equity · Current ratio below 1 (0.60) · Loss before tax
criticalTrolljeger ASNegative equity · Current ratio below 1 (0.18) · Loss before tax
criticalSmartere Utdanning ASNegative equity · Current ratio below 1 (0.28) · Loss before tax

Sector map · 2025 · Morning class Micro

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.

The map shows the 400 largest companies by revenue, of 536 ranked. Everyone is in the ranking.

Show the map's figures as a table

Company	Operating margin	Equity ratio	Revenue
Huldraheimen Steinerbarnehage AS	2.3%	38.7%	10 MNOK
Trio Trafikkskole Alta AS	2.7%	50.7%	10 MNOK
Fevik Maritime Leirskole AS	13.2%	98.5%	10 MNOK
Hudpleieakademiet AS	−2.9%	33.5%	10 MNOK
Lister Trafikkskole AS	7.8%	25.6%	10 MNOK
Fotspor Barnehage AS	−0.2%	0.5%	10 MNOK
Preg Barnehager AS	−6.6%	11.5%	10 MNOK
Briga AS	−6.7%	21.9%	10 MNOK
Skjoldastraumen Maritime Fus Barnehage AS	−7.2%	−5.3%	9 MNOK
Engelsviken Barnehage AS	1.4%	18.9%	9 MNOK
Eplehagen Barnehagen AS	4.5%	5.3%	9 MNOK
Barnehagegården Vestby Naturbarnehage AS	4.0%	21.1%	9 MNOK
Trafikkskolen Lofoten AS	7.5%	18.4%	9 MNOK
Grønne Tun AS	7.6%	75.5%	9 MNOK
Bjerkåsholmen Barnehage AS	0.3%	−156.8%	9 MNOK
Elevens Trafikkskole AS	4.8%	36.0%	9 MNOK
Fredly Barnehage AS	6.2%	56.1%	9 MNOK
Svømmeakademiet AS	8.0%	40.2%	9 MNOK
Borgundveien Barnehage AS	2.2%	−0.1%	9 MNOK
Oktav AS	8.7%	49.6%	9 MNOK
Femme City Lade AS	−23.4%	−8.7%	9 MNOK
Nsu AS	36.1%	63.0%	9 MNOK
Ravnanger Barnehage AS	−0.5%	−24.4%	9 MNOK
Driving Trafikkskole AS	7.5%	−11.1%	9 MNOK
Driving Trafikkskole Drammen AS	7.2%	43.8%	9 MNOK
ST. Olav Trafikkskole AS	5.3%	14.3%	8 MNOK
Quick Style AS	−10.4%	11.5%	8 MNOK
Naturbasen Barnehage AS	−1.2%	5.1%	8 MNOK
Team Trafikkskole AS	1.2%	77.4%	8 MNOK
Helledammen Fus Barnehage AS	−4.2%	−77.8%	8 MNOK
Tangen Trafikkskole AS	−7.1%	−55.2%	8 MNOK
Førstehjelperen AS	17.3%	9.7%	8 MNOK
Notodden Trafikkskole AS	16.9%	26.4%	8 MNOK
Tykkåsen Barnehage AS	1.0%	34.7%	8 MNOK
BS Trafikkskole AS	18.2%	56.0%	8 MNOK
Newskills AS	11.2%	−14.7%	8 MNOK
Impulz Personlig Trening AS	1.0%	52.4%	8 MNOK
Midt-Norsk Sikkerhetsopplæring AS	7.1%	4.8%	8 MNOK
Hofslundsengen Trafikkskule AS	11.8%	74.6%	8 MNOK
Norsk Organisasjonsservice AS	−2.9%	78.1%	8 MNOK
Step Trafikkskole AS	9.8%	42.0%	8 MNOK
Ulvøya Barnehage AS	−0.3%	18.0%	8 MNOK
Nordby Gårdsbarnehage Biri AS	1.0%	19.0%	8 MNOK
MILDE MATHILDE & Drillpikene AS	6.3%	13.6%	8 MNOK
Fbhd Drift AS	2.9%	−4.8%	8 MNOK
Alvim Barnehage AS	−4.7%	34.8%	8 MNOK
Dansesonen Tiril Andøl Dansestudio AS	4.8%	47.6%	8 MNOK
Solstrålen Barnehage AS	−3.6%	11.4%	8 MNOK
H2B - Headheartbody AS	66.3%	86.9%	8 MNOK
Kongeørnen Barnehage AS	−7.4%	39.3%	8 MNOK
Jåddåren Gårdsbarnehage AS	4.3%	64.0%	8 MNOK
Bondhus Trafikkskule AS	4.8%	37.3%	8 MNOK
Regnbuebarna AS	6.3%	52.9%	7 MNOK
Gjerstad Natur- og Gårdsbarnehage AS	0.0%	10.2%	7 MNOK
Norsvin Barnehage AS	1.3%	62.8%	7 MNOK
Vikkilen Barnehage AS	1.8%	−186.6%	7 MNOK
Vikingen Barnehage AS	−3.3%	−1.0%	7 MNOK
Real Training AS	3.1%	35.3%	7 MNOK
VESTKANTEN BIL & Mc-Skole AS	2.6%	41.2%	7 MNOK
Akademiet Ungdomsskole Drammen AS	5.0%	15.6%	7 MNOK
Vinderen Dansestudio AS	−15.3%	−23.9%	7 MNOK
Noahs Ark Barnehage AS	4.1%	30.1%	7 MNOK
Sentrum Barnehage AS	3.8%	32.2%	7 MNOK
Nygård Barnehage AS	7.3%	31.1%	7 MNOK
Din Trafikkskole AS	14.4%	61.6%	7 MNOK
Norsk Trafikksikring Holding AS	−1.0%	65.7%	7 MNOK
Skolert AS	7.5%	24.9%	7 MNOK
Nautilus Sjø AS	−20.8%	71.9%	7 MNOK
Xpress Trafikkskole AS	0.1%	31.0%	7 MNOK
Forfatterskolen AS	−1.3%	73.8%	7 MNOK
Nidelvåsen Barnehage AS	14.4%	8.3%	7 MNOK
Opaas Kompetansesenter AS	5.6%	35.4%	7 MNOK
Rødsjø Trafikkskole AS	2.3%	9.2%	7 MNOK
Sanavia AS	12.6%	56.7%	7 MNOK
West End Studios AS	2.8%	5.7%	7 MNOK
Forsikringsformidlerskolen AS	1.0%	60.5%	7 MNOK
Bmb Barnehage AS	−3.1%	53.0%	7 MNOK
Vinsmak AS	5.3%	31.4%	7 MNOK
Pro Padel Paradis AS	13.4%	59.8%	7 MNOK
Juliussen Trafikkskole AS	2.8%	26.3%	7 MNOK
Birgit Skarstein AS	101.3%	92.0%	7 MNOK
Opero Pluss AS	−24.6%	5.2%	7 MNOK
Spangereid Naturbarnehage AS	4.6%	43.3%	7 MNOK
Kon-Text AS	16.6%	68.5%	7 MNOK
Mentalskolen AS	3.0%	58.6%	7 MNOK
Legekongresser AS	4.8%	1.7%	7 MNOK
Blixland Hestesenter AS	−9.2%	−44.7%	7 MNOK
Sunnfjord Trafikk AS	0.4%	47.8%	7 MNOK
Tullas Hage AS	−1.8%	77.0%	7 MNOK
Lyngmo Ungdomssenter AS	9.4%	90.3%	6 MNOK
Hallingdal Trafikkopplæring AS	14.3%	24.0%	6 MNOK
PS:Dans AS	1.8%	11.7%	6 MNOK
Ladderud Barnehage AS	1.6%	72.7%	6 MNOK
Nts AS	62.4%	93.2%	6 MNOK
Kursproffen AS	9.5%	63.3%	6 MNOK
Bull Aktiv AS	11.6%	49.6%	6 MNOK
Fcpa Norge AS	−23.6%	−275.9%	6 MNOK
Otd Akademiet AS	29.9%	31.9%	6 MNOK
Ringerike Trafikkskole AS	2.5%	36.1%	6 MNOK
Stulen Gårdsbarnehage AS	6.1%	59.7%	6 MNOK
Edvardsen Trafikkskole Narvik AS	10.0%	73.5%	6 MNOK
Norsk Selskap for Gjenoppliving AS	−15.0%	55.3%	6 MNOK
Solstua Barnehage AS	−0.7%	61.6%	6 MNOK
Oslo Keramikkverksted AS	−6.3%	−32.7%	6 MNOK
Små Barnehager Sentrum AS	20.2%	8.6%	6 MNOK
Bråstopp Trafikkskole AS	4.9%	44.9%	6 MNOK
Kompetansehuset Neo AS	−9.9%	−119.7%	6 MNOK
Kjørfint Trafikkskole AS	8.3%	56.1%	6 MNOK
Driva Trafikkskole AS	5.8%	1.6%	6 MNOK
Betania Barnehage AS	0.4%	35.8%	6 MNOK
Elvegården Barnehage AS	3.2%	54.5%	6 MNOK
Espira Varbak Arcen AS	−11.9%	41.3%	6 MNOK
Lønneberget Bhg AS	2.8%	35.4%	6 MNOK
Trafikksikker AS	0.3%	−0.5%	6 MNOK
Konnerud Trafikkskole AS	8.4%	38.8%	6 MNOK
Crossfit Lillestrøm AS	9.3%	65.5%	6 MNOK
Ternevig Barnehage AS	1.7%	25.8%	6 MNOK
Dykkerservice Nord AS	1.6%	81.7%	6 MNOK
Geir Moen Trafikkskole AS	−5.5%	19.0%	6 MNOK
AKROBATEN - Barnehage AS	−5.8%	58.7%	6 MNOK
Prestekragen Barnehage AS	0.3%	25.4%	6 MNOK
Alven Eventyrbarnehage i Trollvika AS	6.5%	51.0%	6 MNOK
Strøm Trafikkskole AS	3.0%	30.4%	6 MNOK
Norsk Anleggs- og Sikkerhetsopplæring AS	23.4%	11.7%	6 MNOK
Komét Trafikkskole AS	14.0%	37.2%	6 MNOK
Arbeidsmiljøspesialistene AS	70.3%	93.1%	5 MNOK
Hakkebakkeskogen Private Barnehage AS	5.0%	−152.1%	5 MNOK
Skårbrevik Aut Trafikkskole AS	−6.9%	18.6%	5 MNOK
Hildre Montessoribarnehage AS	9.8%	19.0%	5 MNOK
Humlen Montessori Barnehage AS	5.0%	6.9%	5 MNOK
Livets Gang AS	28.0%	32.4%	5 MNOK
Min Trafikkskole AS	15.4%	62.2%	5 MNOK
Norkurs AS	17.9%	1.1%	5 MNOK
Emijoly AS	9.0%	21.6%	5 MNOK
Mad Goats AS	11.5%	29.2%	5 MNOK
Økern Trafikkskoler AS	−0.7%	27.4%	5 MNOK
Eloop AS	−3.0%	71.6%	5 MNOK
Biå Steinerbarnehage AS	−2.2%	23.0%	5 MNOK
Isving Trafikkopplæring Måløy AS	30.6%	85.0%	5 MNOK
Nordic Centre for Applied Learning AS	17.3%	67.6%	5 MNOK
Ville Veier AS	−0.1%	49.8%	5 MNOK
Oslo Kvinnehelsesenter AS	−7.2%	−3.2%	5 MNOK
Uniq Studiesenter AS	−1.0%	14.2%	5 MNOK
Maurtua Bhg AS	−0.3%	32.3%	5 MNOK
Honningsvåg Trafikkskole AS	6.1%	6.6%	5 MNOK
Arctic Trafikkskole AS	8.8%	7.0%	5 MNOK
Sporvongane Barnehage AS	−0.7%	13.1%	5 MNOK
Step in Dansestudio AS	−11.7%	10.2%	5 MNOK
Bra Trafikkskole AS	4.2%	5.4%	5 MNOK
Nordlysbyen Trafikkskole AS	9.9%	49.6%	5 MNOK
TEAM AUT. Trafikkskole AS	2.6%	−3.6%	5 MNOK
Driving Trafikkskole Oppegård AS	11.8%	44.7%	5 MNOK
Vancowill Industrial Solutions AS	−1.0%	60.7%	5 MNOK
Hanne Lindbæk AS	28.4%	55.9%	5 MNOK
Naturleg Aktiv AS	7.9%	2.1%	5 MNOK
Abc Krüger Trafikkskole AS	5.0%	16.7%	5 MNOK
Oslo Yoga AS	4.0%	47.6%	5 MNOK
Noah Barnehage AS	8.7%	41.5%	5 MNOK
Fra Offer til Kriger AS	−8.3%	−6.3%	5 MNOK
Kom og Dans AS	31.0%	77.4%	5 MNOK
Norwegian Colour Senter AS	8.5%	63.5%	5 MNOK
Funlab AS	17.9%	25.7%	5 MNOK
Moving Mamas AS	1.1%	−470.1%	5 MNOK
Møbelsnekkerskolen AS	19.1%	87.6%	5 MNOK
Bingen Barnehage AS	2.8%	50.6%	5 MNOK
Norlense Beredskap AS	40.4%	−22.7%	5 MNOK
Nedenesåsen Barnehage AS	2.2%	30.1%	4 MNOK
På 2 Hjul Trafikkskole AS	11.9%	3.8%	4 MNOK
BE Consult AS	3.0%	20.9%	4 MNOK
BØ Trafikkskole AS	17.1%	26.0%	4 MNOK
Padel Sør AS	−3.3%	−39.4%	4 MNOK
Sterk Sammen AS	12.7%	55.3%	4 MNOK
Brainobrain Norway AS	1.0%	57.6%	4 MNOK
Tigir AS	0.6%	39.4%	4 MNOK
Moltekarten Montessoribarnehage AS	1.0%	38.0%	4 MNOK
Trolljeger AS	−16.4%	−307.0%	4 MNOK
Eiendom Norge Kompetanse AS	13.2%	57.3%	4 MNOK
Hauge Trafikkskole AS	9.4%	51.6%	4 MNOK
Smartere Utdanning AS	−6.4%	−298.2%	4 MNOK
Hemsedal Fjellsport AS	0.8%	76.3%	4 MNOK
Lunde Gårdsbarnehage AS	5.4%	30.9%	4 MNOK
Eidsvoll Ballettsenter AS	4.0%	55.3%	4 MNOK
Brilla Institutt AS	9.0%	64.6%	4 MNOK
Damgården AS	2.6%	34.0%	4 MNOK
Kvålseth Trafikkskule AS	8.0%	24.3%	4 MNOK
NTE AS	24.5%	87.8%	4 MNOK
Drive Time Trafikkskole AS	−2.2%	26.4%	4 MNOK
Simsa AS	40.1%	27.4%	4 MNOK
BUSS & Vogntogskolen AS	−9.6%	53.2%	4 MNOK
The Learning Group AS	3.3%	91.2%	4 MNOK
Trio Trafikkskole Roar Hætta AS	14.7%	46.4%	4 MNOK
Øvre Romerike Trafikkskole AS	−18.5%	11.6%	4 MNOK
Lærling Øst AS	3.9%	93.0%	4 MNOK
Hilling Management AS	34.1%	25.2%	4 MNOK
Soria Moria Trafikkskole AS	−0.7%	51.4%	4 MNOK
Multibemanning AS	9.9%	−21.9%	4 MNOK
Tbp AS	3.4%	8.3%	4 MNOK
Birken Barnehage AS	3.3%	9.6%	4 MNOK
Norges Multikulturelle Senter AS	12.8%	23.4%	4 MNOK
Hauge Trafikk og Maskin AS	23.7%	54.4%	4 MNOK
Muggoppen Barnehage AS	−2.1%	12.5%	4 MNOK
Sagatun Barnehage AS	−2.1%	1.9%	4 MNOK
Hamna Gård AS	−12.6%	23.4%	4 MNOK
Yrkessjåførkurs AS	−3.0%	−29.5%	4 MNOK
Isogaisa Siida AS	18.9%	78.5%	4 MNOK
Ersvika Samiske Siida AS	12.8%	31.9%	4 MNOK
Drive Trafikkskule AS	2.0%	34.1%	4 MNOK
Randesund Trafikkskole AS	1.8%	28.5%	4 MNOK
Hesby Kompetanse AS	−3.7%	−4.9%	4 MNOK
Shaper AS	7.8%	50.1%	4 MNOK
Karasjok Kjøreskole AS	−5.9%	72.0%	4 MNOK
Refshalen Gårdsbarnehage AS	−4.8%	−5.1%	4 MNOK
Høyskolen for Dansekunst AS	0.4%	73.5%	3 MNOK
Øya Sport og Helse AS	−0.7%	0.4%	3 MNOK
Henriksen Sjåførskole AS	75.2%	33.9%	3 MNOK
BE Yoga Studio AS	−5.6%	5.5%	3 MNOK
Stall Tonheim AS	2.4%	8.5%	3 MNOK
Intrinsic AS	10.5%	22.1%	3 MNOK
Hot Bikramyoga AS	2.2%	−80.7%	3 MNOK
Solsikkene Barnehager AS	7.2%	84.7%	3 MNOK
Henriksen Trafikkskole AS	24.2%	45.5%	3 MNOK
Performance Kampsportsenter AS	33.1%	57.0%	3 MNOK
NORA, Nasjonal og Regional Arena for Dans i Telemark AS	1.4%	19.0%	3 MNOK
Foss Trafikkskole AS	43.0%	82.0%	3 MNOK
Steinkjer Trafikkskole AS	2.4%	13.0%	3 MNOK
Realfagshjelpen AS	2.2%	19.1%	3 MNOK
Agder Lærlingesenter AS	−3.6%	72.9%	3 MNOK
Flyt Studio AS	3.3%	−1,551.2%	3 MNOK
Kraft Dansestudio AS	−2.0%	−29.2%	3 MNOK
Stillcon AS	11.2%	58.9%	3 MNOK
Roalds Trafikkskole AS	6.4%	46.4%	3 MNOK
ALARM & Sikkerhet AS	2.8%	29.4%	3 MNOK
Norsk Kystleir AS	−28.1%	77.8%	3 MNOK
Hatlestad Sunnfjord Trafikkskole AS	−3.6%	−24.8%	3 MNOK
Frippy Prosjekt AS	16.5%	36.1%	3 MNOK
Trafikkskole Vestby AS	−7.5%	54.2%	3 MNOK
Josef Akademi AS	9.6%	54.1%	3 MNOK
Studio 3 Dans AS	17.1%	37.2%	3 MNOK
Breland Kompetanse AS	−10.6%	−32.9%	3 MNOK
Eek-Jensen AS	1.2%	27.1%	3 MNOK
SPIRE & Gro Barnehagene AS	16.5%	46.7%	3 MNOK
Trafikkskola Start AS	2.0%	63.1%	3 MNOK
Strand Trafikkskole AS	14.3%	17.3%	3 MNOK
Gasolini Trafikkskole AS	2.7%	−10.2%	3 MNOK
Babuschka Barnehage AS	2.0%	60.6%	3 MNOK
Sanas Trafikkskole AS	18.0%	45.8%	3 MNOK
Dyrkolbotn Fjellstove AS	−4.8%	9.6%	3 MNOK
H100 Technology AS	−198.2%	−206.3%	3 MNOK
Team Trafikkskole Mandal AS	12.7%	73.9%	3 MNOK
Tunet Barnehage AS	−5.6%	37.9%	3 MNOK
RS Fitness AS	7.9%	65.3%	3 MNOK
Rauneveien Barnehage AS	0.8%	−28.7%	3 MNOK
Tromsø Trafikkopplæring AS	−18.4%	−17.5%	3 MNOK
Marthe Vadders Rideskole AS	7.6%	21.2%	3 MNOK
Tromsø Trafikkompetanse AS	−2.1%	82.1%	3 MNOK
Haugen Trafikkskole AS	19.1%	29.0%	3 MNOK
Oslo Parkour Park AS	4.3%	−0.9%	3 MNOK
Hammerseng-Edin AS	6.1%	51.1%	3 MNOK
Eco Trafikkskole AS	−5.8%	36.9%	3 MNOK
Akuttundervisning AS	−5.1%	−86.2%	3 MNOK
Maskinopplæring AS	20.6%	70.9%	3 MNOK
U-Turn Trafikkskole AS	10.0%	11.8%	3 MNOK
Oslo Trafikkskole AS	9.9%	−28.4%	3 MNOK
Metis Privatlærer Bergen AS	26.4%	2.3%	3 MNOK
Lukas Høyere Yrkesfagskole AS	2.0%	84.5%	3 MNOK
Losby Ridesenter AS	−0.3%	17.9%	3 MNOK
Hamar Hundeskole AS	−7.0%	18.0%	3 MNOK
Execu Academy AS	10.1%	10.3%	3 MNOK
HC Trafikkompetanse AS	−2.4%	−29.7%	3 MNOK
Barn i Vann AS	2.0%	48.9%	3 MNOK
Limitless Coaching AS	0.1%	81.0%	3 MNOK
ROGER BIL & Mc Skole AS	23.8%	25.5%	3 MNOK
Lundstad Trafikkskole AS	−1.1%	57.2%	3 MNOK
Dreamvisions AS	10.5%	61.5%	3 MNOK
Playmakerne AS	3.9%	50.5%	3 MNOK
Arctic Silence AS	−17.7%	−44.5%	3 MNOK
Maskin og Truckopplæring AS	−6.5%	−565.6%	3 MNOK
Kens Trafikkskole AS	5.4%	1.8%	3 MNOK
Bedre Beslutninger AS	−5.1%	88.0%	3 MNOK
Stangeland Trafikkskole AS	11.7%	102.0%	3 MNOK
Quick Style Studio AS	−0.5%	52.9%	3 MNOK
Trafikkskolen i Surnadal AS	−5.4%	64.3%	3 MNOK
Aag Trafikkskole AS	−1.8%	23.3%	3 MNOK
Vgs Online AS	32.9%	−100.3%	3 MNOK
Hustadvika Trafikkskole AS	−18.8%	−13.9%	3 MNOK
TR. Trafikkskole AS	1.4%	30.9%	3 MNOK
Onsøy Trafikkskole AS	5.0%	6.3%	3 MNOK
Autoskolen AS	14.4%	33.3%	3 MNOK
Nordmarka Rideskole AS	4.0%	−600.7%	3 MNOK
POSITIV & Feste Trafikkskole AS	7.5%	76.7%	3 MNOK
Augland Svs AS	−4.3%	62.8%	2 MNOK
Coach Bjørndal AS	8.5%	33.8%	2 MNOK
Snikkedalen Familiebarnehage AS	10.5%	−15.1%	2 MNOK
Askeladden Barnehage Borg Revyveien AS	18.8%	54.4%	2 MNOK
Rambukk Sport AS	4.5%	−3.4%	2 MNOK
Krog Grini AS	10.8%	61.2%	2 MNOK
Nocna AS	−0.1%	13.9%	2 MNOK
Alfa Klima og Elektro AS	6.8%	1.9%	2 MNOK
Cameralla Norge AS	−32.5%	42.3%	2 MNOK
Speedevent AS	−2.2%	−78.0%	2 MNOK
Thrana HR AS	13.3%	71.8%	2 MNOK
Ville Villekulla Familiebarnehage AS	10.4%	59.3%	2 MNOK
Rødhette AS	−3.7%	−9.4%	2 MNOK
Svein Svendsen Trafikkskole Hønefoss AS	−16.8%	42.8%	2 MNOK
Haralds Trafikkskole Ski AS	7.3%	88.6%	2 MNOK
Kulturvugga Barnehage AS	11.7%	82.2%	2 MNOK
Knøttne Familiebarnehage AS	16.6%	58.8%	2 MNOK
Liv AS	63.4%	16.6%	2 MNOK
Karlsen Trafikkskole AS	−0.2%	0.4%	2 MNOK
Safety Academy AS	−22.1%	−33.9%	2 MNOK
Knærten Familiebarnehage AS	1.3%	−14.2%	2 MNOK
HVÍLA AS	9.8%	43.7%	2 MNOK
Knøttene Familiebarnehage-Bydel Alna AS	−5.2%	46.3%	2 MNOK
Vestby og Son Trafikkskole AS	13.4%	−3.6%	2 MNOK
A Kværndal Trafikkskole AS	11.0%	48.3%	2 MNOK
Alba Trafikkskole AS	4.4%	2.1%	2 MNOK
Virre Vapp Familiebarnehage AS	−11.6%	−604.2%	2 MNOK
Sletto Trafikkskole AS	23.9%	92.1%	2 MNOK
Jessheim Danseskole AS	−1.3%	−19.2%	2 MNOK
Ndi Språkskole AS	23.3%	10.9%	2 MNOK
Heat Fitness AS	4.4%	44.3%	2 MNOK
Igm AS	−28.6%	−8.8%	2 MNOK
Høybråtentrafikkskole AS	36.5%	34.7%	2 MNOK
Stokkelandsåsen Familiebarnehage AS	−3.6%	43.2%	2 MNOK
Stians Trafikkskole AS	0.9%	8.4%	2 MNOK
Medico Consulting AS	93.3%	89.4%	2 MNOK
Fjord Trafikkskole AS	8.0%	44.0%	2 MNOK
Amigos Abrakadabra AS	2.5%	17.7%	2 MNOK
Jorunn Krokeide AS	14.3%	50.1%	2 MNOK
Way2ride Trafikkskole AS	9.9%	58.0%	2 MNOK
Chon JI Taekwondo Academy AS	−1.7%	38.8%	2 MNOK
Lekestua Familiebarnehage AS	2.5%	−20.4%	2 MNOK
Sternuus AS	50.1%	68.2%	2 MNOK
Skogstjernen Familiebarnehage AS	7.8%	72.5%	2 MNOK
Ostrøm Kurs og Utvikling AS	5.4%	60.9%	2 MNOK
Kongletoppen Familiebarnehage AS	−4.3%	71.4%	2 MNOK
Lille Venn Familiebarnehage AS	−1.1%	11.4%	2 MNOK
Snakk for Deg Sjøl AS	9.9%	34.1%	2 MNOK
Lykketrollet Familiebarnehage Avdeling Krokliveien AS	12.3%	31.0%	2 MNOK
Concentio AS	18.2%	91.4%	2 MNOK
Nøtteliten Velliveien AS	9.3%	42.8%	2 MNOK
Trollungene Familiebarnehage AS	1.8%	45.1%	2 MNOK
Grindstuveien Familiebarnehage AS	11.8%	42.3%	2 MNOK
Bekken Familiebarnehage AS	1.5%	18.9%	2 MNOK
JP Trafikkskole AS	17.2%	81.4%	2 MNOK
Yogahuset Fana AS	−29.0%	10.4%	2 MNOK
Proff Kompetanse AS	25.2%	−8.8%	2 MNOK
Transformasjonskolen AS	2.5%	69.8%	2 MNOK
Øvrebø Trafikkskole AS	27.3%	19.5%	2 MNOK
Arman V AS	13.0%	10.5%	2 MNOK
The Norwegian Combat Academy AS	6.0%	43.8%	2 MNOK
Åssiden Trafikkskole AS	25.1%	75.7%	2 MNOK
Elitept AS	−5.8%	46.9%	2 MNOK
Luna Familiebarnehage Fjellhamar AS	−3.0%	1.9%	2 MNOK
Kolstad Trafikkskole AS	3.8%	12.5%	2 MNOK
Elis Trafikkskole AS	1.4%	3.7%	2 MNOK
Lille MY Familiebarnehage Bjerkelundsveien AS	14.2%	34.2%	2 MNOK
Menko Undervisning AS	−28.2%	80.8%	2 MNOK
Lundvegen 2-4 Geilo AS	57.2%	0.3%	2 MNOK
Tønsberg Bibelskole AS	−0.2%	48.6%	2 MNOK
Jhk Trafikkskole AS	27.3%	80.1%	2 MNOK
Christian Førde Trafikkskole AS	4.1%	14.6%	2 MNOK
Nesoddtangen Kjøreskole AS	2.5%	−80.0%	2 MNOK
Brannportal AS	−0.7%	18.8%	2 MNOK
Nøtteliten Micheletsvei AS	5.2%	55.5%	2 MNOK
Småtroll Harstad AS	−4.2%	55.6%	2 MNOK
Brannvernopplæring Helgeland AS	−4.3%	11.6%	2 MNOK
Ower Trafikkskole AS	−1.4%	−1.0%	2 MNOK
Taubanen Barnehage AS	6.5%	14.8%	2 MNOK
Dansehagen Åpen Barnehage AS	13.2%	81.3%	2 MNOK
Bergsengveien Familiebarnehage AS	6.7%	47.0%	2 MNOK
Interbridge AS	24.6%	−248.1%	2 MNOK
Fuglehundens Verden AS	29.1%	92.7%	2 MNOK
Anode Academy AS	12.6%	80.8%	2 MNOK
Aktiv Åpen Barnehage AS	3.1%	27.3%	2 MNOK
Varmegrader AS	−13.3%	−28.2%	2 MNOK
Spanskskolen Habla Espanol AS	0.2%	46.0%	2 MNOK
Iraki Invest AS	12.6%	78.5%	2 MNOK
Step Studio AS	4.1%	59.3%	2 MNOK
De NI Musene AS	−12.6%	6.8%	2 MNOK
Olympus Trening AS	3.5%	−186.1%	2 MNOK
Trekanten Trafikkskole AS	7.9%	−2.1%	2 MNOK
Systova Naustdal AS	20.8%	89.7%	2 MNOK
Midt i Blinken Trafikkskole AS	11.5%	17.1%	2 MNOK
SM Training AS	13.0%	7.3%	2 MNOK
Å STUDIO: DANS - TEATER - Musikal AS	5.7%	6.2%	2 MNOK
Melhus Onstage AS	4.3%	−34.5%	2 MNOK
Haralds Trafikkskole Anders Ullaug AS	11.9%	−102.6%	2 MNOK
Siddis Hundeskole AS	3.5%	40.4%	2 MNOK
Sving Trafikkskole AS	4.7%	56.2%	2 MNOK
Barbros Trafikkskole AS	7.6%	11.6%	2 MNOK
Totto's Trafikkskule AS	6.5%	3.2%	2 MNOK
Skomsøy Trafikkskole AS	−7.4%	1.0%	2 MNOK
Morten Engen Kranskole AS	3.5%	15.6%	2 MNOK
Painfreeu AS	8.4%	42.3%	2 MNOK
Pusteteknikk AS	3.2%	75.0%	2 MNOK
Liens Trafikkskule AS	9.1%	92.5%	2 MNOK
Sommelier Liora Levi AS	2.5%	40.0%	2 MNOK
Henningsvær Adventures AS	−10.2%	61.7%	2 MNOK
Blomstrende AS	1.7%	12.6%	2 MNOK

Holding and investment companies · 2025

40 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: 15 have at least 10 MNOK in assets and are listed.

Holding and investment companies
Rank	Company	Score	Equity ratio	Return on assets	Current ratio	Total assets
1	S.A.M. Holding AS	83	96.0%	95.3%	24.78	59 MNOK
2	Petter Myhre Invest AS	74	99.6%	5.5%	59.99	12 MNOK
3	Ween Kapital AS	73	93.2%	48.4%	14.49	67 MNOK
4	Infinitum Holding AS	64	97.7%	5.1%	31.85	143 MNOK
5	Btv Invest AS	60	87.7%	21.2%	2.04	14 MNOK
6	Nathan Holding AS	60	86.9%	6.2%	233.44	37 MNOK
7	Lfs Holding AS	56	99.6%	0.5%	225.71	13 MNOK
8	Steinbråten Holding AS	49	79.8%	18.2%	0.73	10 MNOK
9	Vid Holding AS	44	100.0%	0.0%	1.83	35 MNOK
10	Oasen Skole Holding AS	43	51.6%	10.6%	2.56	34 MNOK
11	Isolde Invest AS	41	94.8%	1.4%	5.53	92 MNOK
12	Msm Invest AS	37	28.9%	8.7%	7.20	59 MNOK
13	Oasen Holding Søgne AS	33	75.8%	4.0%	2.35	20 MNOK
14	Sfr Holding AS	19	55.4%	1.6%	0.41	1,029 MNOK
15	Sgd Holding AS	14	49.9%	1.6%	0.17	12 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))

Latest value: 104.0 (2026M09)

Consumer price index rose 3.0% in 2025; the sector's median operating margin rose 1.2 percentage points.

Consumer price index per year and the sector's median operating margin
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)

Latest value: 4.50 (2026-10)

Policy rate fell 0.20 percentage points in 2025; the sector's median operating margin rose 1.2 percentage points.

Policy rate per year and the sector's median operating margin
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)

All bankruptcies and liquidations in the sector

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