Sector

1,185 companies ranked against comparable companies in four Morning company classes. Fiscal year 2025. Source: Brønnøysund Register Centre. Methodology

Ranking · 2025 · Morning class Medium

Morning class Medium · 2025
#CompanyProfileScoreChangeFive years
1 Calian Europe AS Leader 86 −6
2 Akademiet Oslo AS Leader 84 −6
3 Gokstad Akademiet AS Leader 81 +1
4 TA Lappen Stjørdal-Meråker Trafikkskole AS Leader 76 +4
5 Trainor Elsikkerhet AS Leader 75 −2
6 Wang Fredrikstad AS Leader 74 +9
7 Akademiet Drammen AS Leader 73 +2
8 Wang Hamar AS Leader 71 +7
9 Wang Tønsberg AS Leader 71 +17
10 Birralee International School Trondheim AS Leader 71 +5
11 Kristelig Gymnasium AS Steward 70 +8
12 K2 Kompetanse AS Leader 66 −1
13 Naf Trafikksenter AS Leader 66 −7
14 Wang Romerike AS Leader 64 +16
15 Metis Bergen Private Gymnas AS Leader 63 +24
16 Lingu AS Steward 63 −3
17 Norges Toppidrettsgymnas Bærum AS Leader 62 +4
18 Oslo Nye Høyskole AS Leader 62 −3
19 Oasen Skole Birkelid AS Leader 60 +7
20 Tryggheim Skular AS Leader 58 +10
21 Biss Sentrum AS Sprinter 58 +5
22 Akademiet Vgs Ålesund AS Steward 58 −21
23 Læringsverkstedet Gruppen AS Sprinter 58 +11
24 Maersk Training AS Sprinter 57 +30
25 Norges Toppidrettsgymnas Lillehammer AS Steward 56 +1
26 Nla Høgskolen AS Steward 55 −11
27 Kongsberg Technology Training Centre AS Steward 54 −3
28 Seiersborg Videregående Skole Fredrikstad AS Builder 54 +3
29 Skandinavisk Trafikksenter AS Sprinter 53 −4
30 Wang Toppidrett Oslo AS Steward 53 −4
31 Ifront Karriere AS Sprinter 52 −5
32 Lundeneset Vgs AS Steward 51 −4
33 Kvs-Lyngdal AS Steward 51 +1
34 Nhc Services AS Sprinter 50 +37
35 Krokeide Videregående Skole AS Leader 50 −2
36 Visma Smartskill AS Sprinter 50 0
37 Akademiet Privatist og Nettstudier AS Sprinter 49 −10
38 Metis Videregående AS Builder 49 +5
39 Universitetssenteret på Svalbard AS Steward 48 −8
40 Hero Kompetanse AS Sprinter 47 −23
41 Kristen Friskole AS Sprinter 47 +4
42 Espira RÅ AS Builder 47 −2
43 Joblearn AS Sprinter 46 +2
44 TEISENTOPPEN, Frelsesarmeens Barnehage i Oslo AS Builder 45 −17
45 Dibber AS Steward 45 −30
46 Sens Utvikling AS Steward 44 +6
47 As3 Norge AS Sprinter 42 −17
48 Moelv Videregående Skole AS Steward 42 −3
49 Signo Grunn- og Videregående Skole AS Builder 42 0
50 Fagskolen Diakonova AS Builder 42 +18

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 Medium

  • Nhc Services AS

    From 2024 to 2025: the operating margin rose from −12.1% to 12.6% and went from a loss to a profit before tax.

    +37
  • Maersk Training AS

    From 2024 to 2025: went from a loss to a profit before tax and the operating margin rose from −3.7% to 10.7%.

    +30
  • Dibber AS

    From 2024 to 2025: the operating margin rose from −48.8% to −3.9%.

    −30
  • Podium AS

    From 2024 to 2025: the operating margin fell from 11.1% to 3.3%.

    −26
Summary analysis

Undervisning, Morning class Medium: 71 ranked companies in fiscal year 2025.

Best in the sector: Calian Europe AS (score 86, operating margin 25.4%, equity ratio 70.6%). Akademiet Oslo AS (score 84, operating margin 11.9%, equity ratio 82.1%). Gokstad Akademiet AS (score 81, operating margin 11.8%, equity ratio 71.3%).

Weakest in the sector: Espira Gruppen AS (score 15, operating margin −8.8%, equity ratio 5.8%). Fagskolen Kristiania AS (score 18, 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

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 Medium

The five largest companies account for 20% of the sector's revenue. Combined profit before tax for the 70 ranked companies: 594 MNOK.

Size

The largest by revenue and employees, and who earns the most per employee.

Highest revenue

  1. Nla Høgskolen AS 433 MNOK
  2. Wright Trafikkskole AS 349 MNOK
  3. Oslo Nye Høyskole AS 304 MNOK
  4. Noroff Fagskole AS 281 MNOK
  5. Ifront Karriere AS 243 MNOK

Operating revenue.

Most employees

  1. Ifront Karriere AS 359
  2. Nla Høgskolen AS 343
  3. Wright Trafikkskole AS 268
  4. Fagskolen Kristiania AS 231
  5. Oslo Nye Høyskole AS 217

Employees according to the Central Coordinating Register.

Highest revenue per employee

  1. Calian Europe AS 10.9 MNOK
  2. Noroff Education AS 4.3 MNOK
  3. Røde Kors Førstehjelp AS 4.1 MNOK
  4. Læringsverkstedet Gruppen AS 3.6 MNOK
  5. Noroff Fagskole AS 3.3 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

  1. Visma Smartskill AS 46.0%
  2. Calian Europe AS 25.4%
  3. Oslo Nye Høyskole AS 24.6%
  4. Trainor Elsikkerhet AS 22.7%
  5. Akademiet Privatist og Nettstudier AS 18.9%

Operating result divided by operating revenue.

Largest profit

  1. Oslo Nye Høyskole AS 73 MNOK
  2. Dibber AS 52 MNOK
  3. Visma Smartskill AS 51 MNOK
  4. Calian Europe AS 50 MNOK
  5. Trainor Elsikkerhet AS 44 MNOK

Profit before tax.

Largest loss

  1. Norlandia Services AS −27 MNOK
  2. Fagskolen Kristiania AS −9 MNOK
  3. Lovisenberg Diakonale Høgskole AS −9 MNOK
  4. Espira Gruppen AS −8 MNOK
  5. Folkeuniversitetet AS −3 MNOK

Profit before tax, the largest negative.

Most solid

  1. Kidsa Drift AS 93.8%
  2. Akademiet Vgs Ålesund AS 89.4%
  3. Dibber AS 85.5%
  4. Akademiet Oslo AS 82.1%
  5. Kristelig Gymnasium AS 79.5%

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

  1. Presto Training AS +106.5%
  2. Calian Europe AS +88.6%
  3. Lingu AS +46.1%
  4. Gokstad Akademiet AS +40.1%
  5. Norlandia Services AS +38.3%

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

Largest revenue decline

  1. Joblearn AS −23.1%
  2. Akademiet Privatist og Nettstudier AS −21.2%
  3. Val Skoler AS −18.9%
  4. Podium AS −7.9%
  5. Fretex Pluss AS −5.4%

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

Biggest climbers

  1. Nhc Services AS +37.4 points
  2. Maersk Training AS +29.8 points
  3. Metis Bergen Private Gymnas AS +23.6 points
  4. Fagskolen Diakonova AS +17.9 points
  5. Wang Tønsberg AS +17.0 points

Change in index points from the year before.

Biggest fallers

  1. Dibber AS −30.1 points
  2. Podium AS −25.2 points
  3. Hero Kompetanse AS −22.7 points
  4. Fretex Pluss AS −22.1 points
  5. Akademiet Vgs Ålesund AS −21.5 points

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.

Quadrant analysis

Positions in the sector · 2025 · Morning class Medium

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.

Nla Høgskolen AS: 41 / 75Wright Trafikkskole AS: 47 / 13Oslo Nye Høyskole AS: 89 / 58Noroff Fagskole AS: 27 / 67Ifront Karriere AS: 69 / 20Universitetssenteret på Svalbard AS: 19 / 70Læringsverkstedet Gruppen AS: 81 / 43Val Skoler AS: 26 / 87Calian Europe AS: 99 / 81Sonans Privatgymnas AS: 70 / 17Fagskolen Kristiania AS: 3 / 22Trainor Elsikkerhet AS: 91 / 71Noroff Education AS: 44 / 14Tryggheim Skular AS: 50 / 72Maersk Training AS: 80 / 28Lovisenberg Diakonale Høgskole AS: 4 / 30Røde Kors Førstehjelp AS: 11 / 33Kristelig Gymnasium AS: 46 / 94Fretex Pluss AS: 7 / 23TA Lappen Stjørdal-Meråker Trafikkskole AS: 85 / 80Wang Toppidrett Oslo AS: 21 / 88Espira Gruppen AS: 15 / 6Krokeide Videregående Skole AS: 58 / 51Presto Training AS: 51 / 4Lingu AS: 43 / 59Kvs-Lyngdal AS: 45 / 54As3 Norge AS: 93 / 12Podium AS: 48 / 10Visma Smartskill AS: 100 / 9Metis Videregående AS: 40 / 35Wang Romerike AS: 68 / 55Akademiet Oslo AS: 81 / 96Metis Bergen Private Gymnas AS: 57 / 64Norges Toppidrettsgymnas Bærum AS: 58 / 61Dibber AS: 12 / 97Learn AS: 42 / 19Joblearn AS: 72 / 32Norges Toppidrettsgymnas Lillehammer AS: 40 / 68Folkeuniversitetet AS: 5 / 0K2 Kompetanse AS: 81 / 52Gokstad Akademiet AS: 84 / 83Norlandia Services AS: 0 / 3Moelv Videregående Skole AS: 16 / 62Espira Ulsetskogen AS: 64 / 7Haugesund Toppidrettsgymnas AS: 11 / 48Signo Grunn- og Videregående Skole AS: 45 / 41Wang Tønsberg AS: 66 / 93Fagskolen Diakonova AS: 24 / 36Seiersborg Videregående Skole Fredrikstad AS: 47 / 49Wang Fredrikstad AS: 65 / 90Sens Utvikling AS: 10 / 57Hero Kompetanse AS: 81 / 29Kongsberg Technology Training Centre AS: 11 / 78Wang Hamar AS: 54 / 86Espira RÅ AS: 49 / 45Nhc Services AS: 93 / 16Drottningborg Vgs AS: 49 / 39Kristen Friskole AS: 57 / 1Akademiet Drammen AS: 65 / 91Akademiet Privatist og Nettstudier AS: 95 / 38Skandinavisk Trafikksenter AS: 86 / 46Naf Trafikksenter AS: 57 / 84Nøtteliten og Hakkebakkeskogen AS: 56 / 26Biss Sentrum AS: 66 / 25Lundeneset Vgs AS: 42 / 65Birralee International School Trondheim AS: 63 / 77Kidsa Drift AS: 25 / 100Akademiet Vgs Ålesund AS: 20 / 99TEISENTOPPEN, Frelsesarmeens Barnehage i Oslo AS: 42 / 42Wang Ung Oslo AS: 44 / 0Oasen Skole Birkelid AS: 61 / 7400252550507575100100Solidity, percentile against peers →↑ Profitability, percentile against peers
Nla Høgskolen AS: 41 / 75Wright Trafikkskole AS: 47 / 13Oslo Nye Høyskole AS: 89 / 58Noroff Fagskole AS: 27 / 67Ifront Karriere AS: 69 / 20Universitetssenteret på Svalbard AS: 19 / 70Læringsverkstedet Gruppen AS: 81 / 43Val Skoler AS: 26 / 87Calian Europe AS: 99 / 81Sonans Privatgymnas AS: 70 / 17Fagskolen Kristiania AS: 3 / 22Trainor Elsikkerhet AS: 91 / 71Noroff Education AS: 44 / 14Tryggheim Skular AS: 50 / 72Maersk Training AS: 80 / 28Lovisenberg Diakonale Høgskole AS: 4 / 30Røde Kors Førstehjelp AS: 11 / 33Kristelig Gymnasium AS: 46 / 94Fretex Pluss AS: 7 / 23TA Lappen Stjørdal-Meråker Trafikkskole AS: 85 / 80Wang Toppidrett Oslo AS: 21 / 88Espira Gruppen AS: 15 / 6Krokeide Videregående Skole AS: 58 / 51Presto Training AS: 51 / 4Lingu AS: 43 / 59Kvs-Lyngdal AS: 45 / 54As3 Norge AS: 93 / 12Podium AS: 48 / 10Visma Smartskill AS: 100 / 9Metis Videregående AS: 40 / 35Wang Romerike AS: 68 / 55Akademiet Oslo AS: 81 / 96Metis Bergen Private Gymnas AS: 57 / 64Norges Toppidrettsgymnas Bærum AS: 58 / 61Dibber AS: 12 / 97Learn AS: 42 / 19Joblearn AS: 72 / 32Norges Toppidrettsgymnas Lillehammer AS: 40 / 68Folkeuniversitetet AS: 5 / 0K2 Kompetanse AS: 81 / 52Gokstad Akademiet AS: 84 / 83Norlandia Services AS: 0 / 3Moelv Videregående Skole AS: 16 / 62Espira Ulsetskogen AS: 64 / 7Haugesund Toppidrettsgymnas AS: 11 / 48Signo Grunn- og Videregående Skole AS: 45 / 41Wang Tønsberg AS: 66 / 93Fagskolen Diakonova AS: 24 / 36Seiersborg Videregående Skole Fredrikstad AS: 47 / 49Wang Fredrikstad AS: 65 / 90Sens Utvikling AS: 10 / 57Hero Kompetanse AS: 81 / 29Kongsberg Technology Training Centre AS: 11 / 78Wang Hamar AS: 54 / 86Espira RÅ AS: 49 / 45Nhc Services AS: 93 / 16Drottningborg Vgs AS: 49 / 39Kristen Friskole AS: 57 / 1Akademiet Drammen AS: 65 / 91Akademiet Privatist og Nettstudier AS: 95 / 38Skandinavisk Trafikksenter AS: 86 / 46Naf Trafikksenter AS: 57 / 84Nøtteliten og Hakkebakkeskogen AS: 56 / 26Biss Sentrum AS: 66 / 25Lundeneset Vgs AS: 42 / 65Birralee International School Trondheim AS: 63 / 77Kidsa Drift AS: 25 / 100Akademiet Vgs Ålesund AS: 20 / 99TEISENTOPPEN, Frelsesarmeens Barnehage i Oslo AS: 42 / 42Wang Ung Oslo AS: 44 / 0Oasen Skole Birkelid AS: 61 / 7400252550507575100100Solidity, percentile against peers →↑ Profitability, percentile against peers

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

  • 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
CompanyProfileProfitabilitySolidityIn 2024 (profitability / solidity)
Norges Toppidrettsgymnas Lillehammer ASElephant406845 / 72
Metis Videregående ASBeaver403543 / 23
Noroff Fagskole ASElephant276784 / 41
Val Skoler ASElephant268715 / 61
Kidsa Drift ASElephant2510025 / 100
Fagskolen Diakonova ASBeaver24362 / 27
Wang Toppidrett Oslo ASElephant218842 / 86
Akademiet Vgs Ålesund ASElephant209964 / 98
Universitetssenteret på Svalbard ASElephant197036 / 77
Moelv Videregående Skole ASElephant166221 / 66
Espira Gruppen ASBeaver15618 / 3
Dibber ASElephant129725 / 97
Haugesund Toppidrettsgymnas ASBeaver114841 / 58
Kongsberg Technology Training Centre ASElephant117818 / 80
Røde Kors Førstehjelp ASBeaver113324 / 70
Sens Utvikling ASElephant10577 / 75
Fretex Pluss ASBeaver72356 / 31
Folkeuniversitetet ASBeaver50–
Lovisenberg Diakonale Høgskole ASBeaver4306 / 48
Fagskolen Kristiania ASBeaver32211 / 20
Norlandia Services ASBeaver032 / 5
The sector in numbers

Summary · fiscal year 2025 · Morning class Medium

The sector's median operating margin is 4.7%. 2 of 71 companies have negative equity. The median equity ratio is 39.1%.

Companies with accounts71
Total revenue8,227 MNOK
Median operating margin4.7%
Median equity ratio39.1%
Share with a loss15%
Share with negative equity3%

All figures are for fiscal year 2025. Ranked: 71 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 Medium

Change in rank from 2024 to 2025, for 63 companies ranked in both years.

Climbers

  1. 34Metis Bergen Private Gymnas ASfrom rank 49 to 1563
  2. 34Maersk Training ASfrom rank 58 to 2457
  3. 31Nhc Services ASfrom rank 65 to 3450
  4. 23Wang Romerike ASfrom rank 37 to 1464
  5. 20Wang Tønsberg ASfrom rank 29 to 971

Fallers

  1. 39Dibber ASfrom rank 6 to 4545
  2. 34Podium ASfrom rank 30 to 6427
  3. 31Hero Kompetanse ASfrom rank 9 to 4047
  4. 30As3 Norge ASfrom rank 17 to 4742
  5. 29Noroff Fagskole ASfrom rank 26 to 5539

Awards · 2025 · Morning class Medium

Most profitableVisma Smartskill AS46.0%
Fastest growthFolkeuniversitetet AS960.6%
Strongest balance sheetKidsa Drift AS93.8%
Largest revenueNla Høgskolen AS433 MNOK
Highest revenue per employeeCalian Europe AS10.9 MNOK

Needs attention · 2025 · Morning class Medium

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

Sector map · 2025 · Morning class Medium

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.

−5%0%5%10%15%20%0%20%40%60%80%Operating margin (profitability) →Equity ratio (solidity) →Nla Høgskolen AS: operating margin 3.3%, equity ratio 60.3%, rank 26Wright Trafikkskole AS: operating margin 4.1%, equity ratio 12.4%, rank 63Oslo Nye Høyskole AS: operating margin 24.6%, equity ratio 48.2%, rank 18Noroff Fagskole AS: operating margin 0.6%, equity ratio 52.1%, rank 55Ifront Karriere AS: operating margin 4.0%, equity ratio 20.1%, rank 31Universitetssenteret på Svalbard AS: operating margin −0.8%, equity ratio 54.7%, rank 39Læringsverkstedet Gruppen AS: operating margin 12.1%, equity ratio 35.6%, rank 23Val Skoler AS: operating margin 2.9%, equity ratio 74.2%, rank 53Calian Europe AS: operating margin 25.4%, equity ratio 70.6%, rank 1Sonans Privatgymnas AS: operating margin 10.1%, equity ratio 13.7%, rank 52Fagskolen Kristiania AS: operating margin −5.9%, equity ratio 20.4%, rank 70Trainor Elsikkerhet AS: operating margin 22.7%, equity ratio 56.0%, rank 5Noroff Education AS: operating margin 5.6%, equity ratio 12.8%, rank 61Tryggheim Skular AS: operating margin 7.5%, equity ratio 57.4%, rank 20Maersk Training AS: operating margin 10.7%, equity ratio 24.7%, rank 24Lovisenberg Diakonale Høgskole AS: operating margin −7.0%, equity ratio 26.5%, rank 69Røde Kors Førstehjelp AS: operating margin −1.4%, equity ratio 29.8%, rank 59Kristelig Gymnasium AS: operating margin 4.7%, equity ratio 79.5%, rank 11Fretex Pluss AS: operating margin −2.1%, equity ratio 20.7%, rank 66TA Lappen Stjørdal-Meråker Trafikkskole AS: operating margin 15.0%, equity ratio 70.0%, rank 4Wang Toppidrett Oslo AS: operating margin 1.2%, equity ratio 74.7%, rank 30Espira Gruppen AS: operating margin −8.8%, equity ratio 5.8%, rank 71Krokeide Videregående Skole AS: operating margin 9.4%, equity ratio 43.1%, rank 35Presto Training AS: operating margin 4.3%, equity ratio 3.5%, rank 57Lingu AS: operating margin 2.9%, equity ratio 48.3%, rank 16Kvs-Lyngdal AS: operating margin 6.6%, equity ratio 43.9%, rank 33As3 Norge AS: operating margin 13.7%, equity ratio 8.9%, rank 47Podium AS: operating margin 3.3%, equity ratio 6.8%, rank 64Visma Smartskill AS: operating margin 46.0%, equity ratio 6.0%, rank 36Metis Videregående AS: operating margin 2.0%, equity ratio 32.1%, rank 38Wang Romerike AS: operating margin 5.6%, equity ratio 45.9%, rank 14Akademiet Oslo AS: operating margin 11.9%, equity ratio 82.1%, rank 2Metis Bergen Private Gymnas AS: operating margin 4.0%, equity ratio 49.4%, rank 15Norges Toppidrettsgymnas Bærum AS: operating margin 4.0%, equity ratio 48.6%, rank 17Dibber AS: operating margin −3.9%, equity ratio 85.5%, rank 45Learn AS: operating margin 3.4%, equity ratio 14.5%, rank 62Joblearn AS: operating margin 7.6%, equity ratio 29.0%, rank 43Norges Toppidrettsgymnas Lillehammer AS: operating margin 2.8%, equity ratio 53.2%, rank 25Folkeuniversitetet AS: operating margin −3.3%, equity ratio −13.9%, rank 67K2 Kompetanse AS: operating margin 11.4%, equity ratio 43.6%, rank 12Gokstad Akademiet AS: operating margin 11.8%, equity ratio 71.3%, rank 3Norlandia Services AS: operating margin −33.3%, equity ratio 2.5%, rank 68Moelv Videregående Skole AS: operating margin −0.2%, equity ratio 48.6%, rank 48Espira Ulsetskogen AS: operating margin 3.1%, equity ratio 5.8%, rank 56Haugesund Toppidrettsgymnas AS: operating margin −1.4%, equity ratio 38.8%, rank 60Signo Grunn- og Videregående Skole AS: operating margin 3.6%, equity ratio 34.9%, rank 49Wang Tønsberg AS: operating margin 8.1%, equity ratio 77.6%, rank 9Fagskolen Diakonova AS: operating margin 0.8%, equity ratio 32.5%, rank 50Seiersborg Videregående Skole Fredrikstad AS: operating margin 5.8%, equity ratio 39.1%, rank 28Wang Fredrikstad AS: operating margin 7.5%, equity ratio 76.5%, rank 6Sens Utvikling AS: operating margin −1.4%, equity ratio 48.1%, rank 46Hero Kompetanse AS: operating margin 9.3%, equity ratio 25.3%, rank 40Kongsberg Technology Training Centre AS: operating margin −2.0%, equity ratio 64.7%, rank 27Wang Hamar AS: operating margin 5.3%, equity ratio 73.5%, rank 8Espira RÅ AS: operating margin 2.2%, equity ratio 36.4%, rank 42Nhc Services AS: operating margin 12.6%, equity ratio 13.7%, rank 34Drottningborg Vgs AS: operating margin 9.2%, equity ratio 34.4%, rank 54Kristen Friskole AS: operating margin 12.9%, equity ratio 0.2%, rank 41Akademiet Drammen AS: operating margin 6.7%, equity ratio 77.4%, rank 7Akademiet Privatist og Nettstudier AS: operating margin 18.9%, equity ratio 33.1%, rank 37Skandinavisk Trafikksenter AS: operating margin 11.7%, equity ratio 38.2%, rank 29Naf Trafikksenter AS: operating margin 9.9%, equity ratio 71.9%, rank 13Nøtteliten og Hakkebakkeskogen AS: operating margin 0.1%, equity ratio 24.2%, rank 58Biss Sentrum AS: operating margin 7.9%, equity ratio 20.8%, rank 21Lundeneset Vgs AS: operating margin 5.8%, equity ratio 51.9%, rank 32Birralee International School Trondheim AS: operating margin 8.8%, equity ratio 60.9%, rank 10Kidsa Drift AS: operating margin −0.2%, equity ratio 93.8%, rank 51Akademiet Vgs Ålesund AS: operating margin 0.0%, equity ratio 89.4%, rank 22TEISENTOPPEN, Frelsesarmeens Barnehage i Oslo AS: operating margin 8.7%, equity ratio 35.5%, rank 44Wang Ung Oslo AS: operating margin 2.1%, equity ratio −10.9%, rank 65Oasen Skole Birkelid AS: operating margin 7.0%, equity ratio 58.6%, rank 19
Show the map's figures as a table
CompanyOperating marginEquity ratioRevenue
Calian Europe AS25.4%70.6%196 MNOK
Akademiet Oslo AS11.9%82.1%99 MNOK
Gokstad Akademiet AS11.8%71.3%78 MNOK
TA Lappen Stjørdal-Meråker Trafikkskole AS15.0%70.0%130 MNOK
Trainor Elsikkerhet AS22.7%56.0%187 MNOK
Wang Fredrikstad AS7.5%76.5%66 MNOK
Akademiet Drammen AS6.7%77.4%58 MNOK
Wang Hamar AS5.3%73.5%62 MNOK
Wang Tønsberg AS8.1%77.6%71 MNOK
Birralee International School Trondheim AS8.8%60.9%54 MNOK
Kristelig Gymnasium AS4.7%79.5%147 MNOK
K2 Kompetanse AS11.4%43.6%80 MNOK
Naf Trafikksenter AS9.9%71.9%56 MNOK
Wang Romerike AS5.6%45.9%100 MNOK
Metis Bergen Private Gymnas AS4.0%49.4%95 MNOK
Lingu AS2.9%48.3%112 MNOK
Norges Toppidrettsgymnas Bærum AS4.0%48.6%94 MNOK
Oslo Nye Høyskole AS24.6%48.2%304 MNOK
Oasen Skole Birkelid AS7.0%58.6%50 MNOK
Tryggheim Skular AS7.5%57.4%175 MNOK
Biss Sentrum AS7.9%20.8%54 MNOK
Akademiet Vgs Ålesund AS0.0%89.4%52 MNOK
Læringsverkstedet Gruppen AS12.1%35.6%207 MNOK
Maersk Training AS10.7%24.7%174 MNOK
Norges Toppidrettsgymnas Lillehammer AS2.8%53.2%83 MNOK
Nla Høgskolen AS3.3%60.3%433 MNOK
Kongsberg Technology Training Centre AS−2.0%64.7%63 MNOK
Seiersborg Videregående Skole Fredrikstad AS5.8%39.1%68 MNOK
Skandinavisk Trafikksenter AS11.7%38.2%56 MNOK
Wang Toppidrett Oslo AS1.2%74.7%127 MNOK
Ifront Karriere AS4.0%20.1%243 MNOK
Lundeneset Vgs AS5.8%51.9%54 MNOK
Kvs-Lyngdal AS6.6%43.9%111 MNOK
Nhc Services AS12.6%13.7%61 MNOK
Krokeide Videregående Skole AS9.4%43.1%114 MNOK
Visma Smartskill AS46.0%6.0%104 MNOK
Akademiet Privatist og Nettstudier AS18.9%33.1%57 MNOK
Metis Videregående AS2.0%32.1%103 MNOK
Universitetssenteret på Svalbard AS−0.8%54.7%240 MNOK
Hero Kompetanse AS9.3%25.3%64 MNOK
Kristen Friskole AS12.9%0.2%59 MNOK
Espira RÅ AS2.2%36.4%62 MNOK
Joblearn AS7.6%29.0%86 MNOK
TEISENTOPPEN, Frelsesarmeens Barnehage i Oslo AS8.7%35.5%52 MNOK
Dibber AS−3.9%85.5%90 MNOK
Sens Utvikling AS−1.4%48.1%64 MNOK
As3 Norge AS13.7%8.9%111 MNOK
Moelv Videregående Skole AS−0.2%48.6%76 MNOK
Signo Grunn- og Videregående Skole AS3.6%34.9%71 MNOK
Fagskolen Diakonova AS0.8%32.5%69 MNOK
Kidsa Drift AS−0.2%93.8%53 MNOK
Sonans Privatgymnas AS10.1%13.7%195 MNOK
Val Skoler AS2.9%74.2%199 MNOK
Drottningborg Vgs AS9.2%34.4%60 MNOK
Noroff Fagskole AS0.6%52.1%281 MNOK
Espira Ulsetskogen AS3.1%5.8%75 MNOK
Presto Training AS4.3%3.5%112 MNOK
Nøtteliten og Hakkebakkeskogen AS0.1%24.2%56 MNOK
Røde Kors Førstehjelp AS−1.4%29.8%149 MNOK
Haugesund Toppidrettsgymnas AS−1.4%38.8%71 MNOK
Noroff Education AS5.6%12.8%183 MNOK
Learn AS3.4%14.5%88 MNOK
Wright Trafikkskole AS4.1%12.4%349 MNOK
Podium AS3.3%6.8%110 MNOK
Wang Ung Oslo AS2.1%−10.9%51 MNOK
Fretex Pluss AS−2.1%20.7%134 MNOK
Folkeuniversitetet AS−3.3%−13.9%83 MNOK
Norlandia Services AS−33.3%2.5%78 MNOK
Lovisenberg Diakonale Høgskole AS−7.0%26.5%168 MNOK
Fagskolen Kristiania AS−5.9%20.4%190 MNOK
Espira Gruppen AS−8.8%5.8%122 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
RankCompanyScore Equity ratioReturn on assetsCurrent ratioTotal assets
1S.A.M. Holding AS83 96.0%95.3% 24.7859 MNOK
2Petter Myhre Invest AS74 99.6%5.5% 59.9912 MNOK
3Ween Kapital AS73 93.2%48.4% 14.4967 MNOK
4Infinitum Holding AS64 97.7%5.1% 31.85143 MNOK
5Btv Invest AS60 87.7%21.2% 2.0414 MNOK
6Nathan Holding AS60 86.9%6.2% 233.4437 MNOK
7Lfs Holding AS56 99.6%0.5% 225.7113 MNOK
8Steinbråten Holding AS49 79.8%18.2% 0.7310 MNOK
9Vid Holding AS44 100.0%0.0% 1.8335 MNOK
10Oasen Skole Holding AS43 51.6%10.6% 2.5634 MNOK
11Isolde Invest AS41 94.8%1.4% 5.5392 MNOK
12Msm Invest AS37 28.9%8.7% 7.2059 MNOK
13Oasen Holding Søgne AS33 75.8%4.0% 2.3520 MNOK
14Sfr Holding AS19 55.4%1.6% 0.411,029 MNOK
15Sgd Holding AS14 49.9%1.6% 0.1712 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

All articles

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 yearMedian operating marginMedian equity ratio
2019––
2020––
2021 · weakest year−5.7%0.8%
2022−3.4%−25.3%
20232.7%20.8%
20242.5%22.6%
20253.5%26.3%

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 1.0 percentage points.

Consumer price index per year and the sector's median operating margin
Measure202120222023202420252026
Consumer price index, annual average84.389.294.197.0100.0102.9 (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%2.7%2.5%3.5%–

Source: SSB (14710, CC BY 4.0). Source · fetched 3 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 1.0 percentage points.

Policy rate per year and the sector's median operating margin
Measure202120222023202420252026
Policy rate, annual average0.081.323.544.504.304.17 (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%2.7%2.5%3.5%–

Source: Norges Bank (IR, NLOD 2.0). Source · fetched 3 November 2026

When policy rate fell in 2025, 649 of 1,168 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.

72024K492025K182025K2112025K392025K452026K1122026K292026K3

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)

All bankruptcies and liquidations in the sector

Industry codes (NACE)

CodeDescription
85*Hele hovedgruppe 85
85.100Førskoleundervisning og drift av barnehager
85.201Ordinær grunnskoleundervisning
85.202Spesialskoleundervisning på grunnskolenivå
85.310Videregående opplæring innenfor studieforberedende utdanningsprogram
85.320Videregående opplæring innenfor yrkesfaglige utdanningsprogram
85.330Undervisning innenfor kort høyere yrkesfaglig utdanning
85.401Undervisning ved universiteter
85.402Undervisning ved vitenskapelige høgskoler
85.403Undervisning ved andre høgskoler
85.404Undervisning innenfor lang høyere yrkesfaglig utdanning
85.510Undervisning innenfor idrett og rekreasjon
85.521Kulturskoleundervisning til barn og unge
85.529Annen undervisning innenfor kultur
85.531Undervisning ved godkjente trafikkskoler
85.532Annen trafikkskoleundervisning
85.591Undervisning ved folkehøgskoler
85.592Undervisning i form av arbeidsmarkedskurs/arbeidsrettede kurs
85.593Undervisning ved voksenopplæringssentre, aktiviteter i studieforbund og undervisning i form av frivillige organisasjoners kurs
85.594Privatundervisning
85.595Undervisning innenfor religion
85.596Aktiviteter utført ved leirskoler
85.597Annen undervisning ellers
85.610Formidlingstjenester tilknyttet kurs og veiledere
85.691Pedagogisk-psykologisk rådgivningstjeneste
85.699Andre tjenester tilknyttet undervisning ikke nevnt annet sted