Sector

Undervisning

923 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 Medium

Morning class Medium · 2025
#	Company	Profile	Score	Change
1	Calian Europe AS	Leader	87	−6
2	Akademiet Oslo AS	Leader	85	−6
3	Gokstad Akademiet AS	Leader	81	0
4	TA Lappen Stjørdal-Meråker Trafikkskole AS	Leader	76	+3
5	Trainor Elsikkerhet AS	Leader	75	−3
6	Wang Fredrikstad AS	Leader	75	+9
7	Wang Hamar AS	Leader	72	+7
8	Wang Tønsberg AS	Leader	71	+16
9	Birralee International School Trondheim AS	Leader	71	+6
10	Kristelig Gymnasium AS	Steward	70	+7
11	K2 Kompetanse AS	Leader	66	−1
12	Naf Trafikksenter AS	Leader	66	−6
13	Wang Romerike AS	Leader	64	+16
14	Metis Bergen Private Gymnas AS	Leader	63	+23
15	Oslo Nye Høyskole AS	Leader	63	−2
16	Lingu AS	Steward	62	−4
17	Norges Toppidrettsgymnas Bærum AS	Leader	62	+4
18	Oasen Skole Birkelid AS	Leader	60	+8
19	Tryggheim Skular AS	Steward	58	+10
20	Biss Sentrum AS	Sprinter	58	+8
21	Læringsverkstedet Gruppen AS	Sprinter	57	+11
22	Akademiet Vgs Ålesund AS	Steward	57	−22
23	Maersk Training AS	Sprinter	56	+30
24	Norges Toppidrettsgymnas Lillehammer AS	Steward	56	+1
25	Nla Høgskolen AS	Steward	55	−12
26	Kongsberg Technology Training Centre AS	Steward	54	−4
27	Skandinavisk Trafikksenter AS	Sprinter	53	−4
28	Seiersborg Videregående Skole Fredrikstad AS	Builder	53	+2
29	Wang Toppidrett Oslo AS	Steward	53	−5
30	Ifront Karriere AS	Sprinter	52	−5
31	Lundeneset Vgs AS	Steward	51	−2
32	Nhc Services AS	Sprinter	50	+38
33	Kvs-Lyngdal AS	Steward	50	−1
34	Krokeide Videregående Skole AS	Sprinter	50	−3
35	Akademiet Privatist og Nettstudier AS	Sprinter	49	−11
36	Metis Videregående AS	Builder	48	+5
37	Universitetssenteret på Svalbard AS	Steward	47	−10
38	Kristen Friskole AS	Sprinter	47	+5
39	Hero Kompetanse AS	Sprinter	47	−24
40	Espira RÅ AS	Builder	46	−3
41	Joblearn AS	Sprinter	45	+2
42	TEISENTOPPEN, Frelsesarmeens Barnehage i Oslo AS	Builder	44	−16
43	Sens Utvikling AS	Steward	43	+6
44	As3 Norge AS	Sprinter	42	−17
45	Moelv Videregående Skole AS	Steward	41	−4
46	Kidsa Drift AS	Steward	41	−14
47	Signo Grunn- og Videregående Skole AS	Builder	41	−1
48	Sonans Privatgymnas AS	Sprinter	41	+8
49	Val Skoler AS	Steward	40	+9
50	Fagskolen Diakonova AS	Builder	40	+17

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 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.
+38
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
Podium AS
From 2024 to 2025: the operating margin fell from 11.1% to 3.3%.
−26
Hero Kompetanse AS
From 2024 to 2025: the equity ratio fell from 39.2% to 25.3% and the operating margin fell from 13.7% to 9.3%.
−24

Summary analysis

Undervisning, Morning class Medium: 66 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 81, 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 3.2% in 2024 to 5.0% in 2025 (1.8 percentage points).
The median equity ratio rose from 37.7% in 2024 to 41.1% in 2025 (3.5 percentage points).
The median revenue growth fell from 8.5% in 2024 to 8.2% in 2025 (0.3 percentage points).
The share with a loss went from 20% 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 Medium

The five largest companies account for 21% of the sector's revenue. Combined profit before tax for the 65 ranked companies: 516 MNOK.

Size

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

Highest revenue

Nla Høgskolen AS 433 MNOK
Wright Trafikkskole AS 349 MNOK
Oslo Nye Høyskole AS 304 MNOK
Noroff Fagskole AS 281 MNOK
Ifront Karriere AS 243 MNOK

Operating revenue.

Most employees

Employees according to the Central Coordinating Register.

Highest revenue per employee

Calian Europe AS 10.9 MNOK
Noroff Education AS 4.3 MNOK
Læringsverkstedet Gruppen AS 3.6 MNOK
Noroff Fagskole AS 3.3 MNOK
Presto Training AS 2.2 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

Calian Europe AS 25.4%
Oslo Nye Høyskole AS 24.6%
Trainor Elsikkerhet AS 22.7%
Akademiet Privatist og Nettstudier AS 18.9%
TA Lappen Stjørdal-Meråker Trafikkskole AS 15.0%

Operating result divided by operating revenue.

Largest profit

Oslo Nye Høyskole AS 73 MNOK
Calian Europe AS 50 MNOK
Trainor Elsikkerhet AS 44 MNOK
Læringsverkstedet Gruppen AS 29 MNOK
Nla Høgskolen AS 25 MNOK

Profit before tax.

Largest loss

Fagskolen Kristiania AS −9 MNOK
Lovisenberg Diakonale Høgskole AS −9 MNOK
Espira Gruppen AS −8 MNOK
Folkeuniversitetet AS −3 MNOK
Fretex Pluss AS −3 MNOK

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

Presto Training AS +106.5%
Calian Europe AS +88.6%
Lingu AS +46.1%
Gokstad Akademiet AS +40.1%
Fagskolen Diakonova AS +35.1%

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

Largest revenue decline

Joblearn AS −23.1%
Akademiet Privatist og Nettstudier AS −21.2%
Val Skoler AS −18.9%
Podium AS −7.9%
Fretex Pluss AS −5.4%

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

Biggest climbers

Nhc Services AS +38.3 points
Maersk Training AS +29.8 points
Metis Bergen Private Gymnas AS +23.3 points
Fagskolen Diakonova AS +17.3 points
Wang Romerike AS +16.5 points

Change in index points from the year before.

Biggest fallers

Podium AS −25.7 points
Hero Kompetanse AS −23.7 points
Fretex Pluss AS −23.0 points
Akademiet Vgs Ålesund AS −22.4 points
As3 Norge AS −17.0 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.

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

Nhc Services AS profitability 1 → 94, solidity 16 → 14
Maersk Training AS profitability 8 → 80, solidity 38 → 27
Noroff Fagskole AS profitability 84 → 25, solidity 40 → 67
Fretex Pluss AS profitability 56 → 5, solidity 30 → 22
Akademiet Vgs Ålesund AS profitability 64 → 17, solidity 98 → 98

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)
Calian Europe AS	Lion	100	83	97 / 93
Akademiet Privatist og Nettstudier AS	Cheetah	96	36	84 / 64
Nhc Services AS	Cheetah	94	14	1 / 16
As3 Norge AS	Cheetah	94	9	94 / 15
Trainor Elsikkerhet AS	Lion	91	72	92 / 69
Oslo Nye Høyskole AS	Lion	90	58	86 / 74
Skandinavisk Trafikksenter AS	Cheetah	86	45	84 / 47
TA Lappen Stjørdal-Meråker Trafikkskole AS	Lion	85	81	86 / 71
Gokstad Akademiet AS	Lion	84	84	75 / 85
K2 Kompetanse AS	Lion	82	52	75 / 66
Hero Kompetanse AS	Cheetah	81	28	92 / 54
Akademiet Oslo AS	Lion	81	97	89 / 97
Læringsverkstedet Gruppen AS	Cheetah	81	42	72 / 23
Maersk Training AS	Cheetah	80	27	8 / 38
Joblearn AS	Cheetah	71	31	68 / 28
Sonans Privatgymnas AS	Cheetah	70	16	67 / 11
Ifront Karriere AS	Cheetah	68	19	70 / 35
Wang Romerike AS	Lion	68	55	51 / 37
Biss Sentrum AS	Cheetah	66	23	–
Wang Tønsberg AS	Lion	66	94	27 / 90
Wang Fredrikstad AS	Lion	64	92	39 / 91
Espira Ulsetskogen AS	Cheetah	64	6	46 / 8
Birralee International School Trondheim AS	Lion	63	78	–
Oasen Skole Birkelid AS	Lion	60	75	–
Norges Toppidrettsgymnas Bærum AS	Lion	57	61	57 / 50
Krokeide Videregående Skole AS	Cheetah	57	50	59 / 52
Naf Trafikksenter AS	Lion	56	86	–
Kristen Friskole AS	Cheetah	56	2	54 / 1
Metis Bergen Private Gymnas AS	Lion	56	64	15 / 45
Nøtteliten og Hakkebakkeskogen AS	Cheetah	55	25	46 / 33
Wang Hamar AS	Lion	54	87	35 / 86
Presto Training AS	Cheetah	50	3	96 / 4
Tryggheim Skular AS	Elephant	49	73	42 / 83
Espira RÅ AS	Beaver	48	44	34 / 57
Drottningborg Vgs AS	Beaver	48	37	15 / 42
Podium AS	Beaver	47	8	87 / 6
Seiersborg Videregående Skole Fredrikstad AS	Beaver	46	48	45 / 44
Wright Trafikkskole AS	Beaver	46	11	50 / 13
Kristelig Gymnasium AS	Elephant	45	95	31 / 95
Signo Grunn- og Videregående Skole AS	Beaver	43	39	46 / 32
Kvs-Lyngdal AS	Elephant	43	53	47 / 61
Wang Ung Oslo AS	Beaver	43	0	–
Noroff Education AS	Beaver	43	12	68 / 9
Lingu AS	Elephant	41	59	69 / 56
Lundeneset Vgs AS	Elephant	41	66	–
TEISENTOPPEN, Frelsesarmeens Barnehage i Oslo AS	Beaver	41	41	–
Learn AS	Beaver	40	17	53 / 20
Nla Høgskolen AS	Elephant	40	77	64 / 79
Norges Toppidrettsgymnas Lillehammer AS	Elephant	39	69	45 / 73
Metis Videregående AS	Beaver	38	33	43 / 21

The sector in numbers

Summary · fiscal year 2025 · Morning class Medium

The sector's median operating margin is 5.0%. 2 of 66 companies have negative equity. The median equity ratio is 41.1%.

Companies with accounts66

Total revenue7,749 MNOK

Median operating margin5.0%

Median equity ratio41.1%

Share with a loss14%

Share with negative equity3%

All figures are for fiscal year 2025. Ranked: 66 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 58 companies ranked in both years.

Climbers

31Metis Bergen Private Gymnas ASfrom rank 45 to 1463
30Maersk Training ASfrom rank 53 to 2356
27Nhc Services ASfrom rank 59 to 3250
23Wang Romerike ASfrom rank 36 to 1364
18Wang Tønsberg ASfrom rank 26 to 871

Fallers

32Hero Kompetanse ASfrom rank 7 to 3947
31Podium ASfrom rank 29 to 6026
28As3 Norge ASfrom rank 16 to 4442
28Noroff Fagskole ASfrom rank 24 to 5239
22Presto Training ASfrom rank 32 to 5437

Awards · 2025 · Morning class Medium

Most profitableCalian Europe AS25.4%

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

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

criticalFolkeuniversitetet ASNegative equity · Current ratio below 1 (0.73) · Loss before tax
criticalWang Ung Oslo ASNegative equity · Current ratio below 1 (0.48)
watchEspira Gruppen ASVery low equity ratio (5.8%) · Current ratio below 1 (0.42) · Loss before tax
watchLovisenberg Diakonale Høgskole ASCurrent ratio below 1 (0.87) · Loss before tax
watchPresto Training ASVery low equity ratio (3.5%) · Current ratio below 1 (0.91)
watchEspira Ulsetskogen ASVery low equity ratio (5.8%) · Current ratio below 1 (0.89)
watchWright Trafikkskole ASCurrent ratio below 1 (0.33)
watchOslo Nye Høyskole ASCurrent ratio below 1 (0.43)
watchNoroff Fagskole ASCurrent ratio below 1 (0.98)
watchVal Skoler ASCurrent ratio below 1 (0.74)
watchSonans Privatgymnas ASCurrent ratio below 1 (0.88)
watchFagskolen Kristiania ASLoss before tax
watchNoroff Education ASCurrent ratio below 1 (0.61)
watchFretex Pluss ASLoss before tax
watchAs3 Norge ASVery low equity ratio (8.9%)

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.

Show the map's figures as a table

Company	Operating margin	Equity ratio	Revenue
Calian Europe AS	25.4%	70.6%	196 MNOK
Akademiet Oslo AS	11.9%	82.1%	99 MNOK
Gokstad Akademiet AS	11.8%	71.3%	78 MNOK
TA Lappen Stjørdal-Meråker Trafikkskole AS	15.0%	70.0%	130 MNOK
Trainor Elsikkerhet AS	22.7%	56.0%	187 MNOK
Wang Fredrikstad AS	7.5%	76.5%	66 MNOK
Wang Hamar AS	5.3%	73.5%	62 MNOK
Wang Tønsberg AS	8.1%	77.6%	71 MNOK
Birralee International School Trondheim AS	8.8%	60.9%	54 MNOK
Kristelig Gymnasium AS	4.7%	79.5%	147 MNOK
K2 Kompetanse AS	11.4%	43.6%	80 MNOK
Naf Trafikksenter AS	9.9%	71.9%	56 MNOK
Wang Romerike AS	5.6%	45.9%	100 MNOK
Metis Bergen Private Gymnas AS	4.0%	49.4%	95 MNOK
Oslo Nye Høyskole AS	24.6%	48.2%	304 MNOK
Lingu AS	2.9%	48.3%	112 MNOK
Norges Toppidrettsgymnas Bærum AS	4.0%	48.6%	94 MNOK
Oasen Skole Birkelid AS	7.0%	58.6%	50 MNOK
Tryggheim Skular AS	7.5%	57.4%	175 MNOK
Biss Sentrum AS	7.9%	20.8%	54 MNOK
Læringsverkstedet Gruppen AS	12.1%	35.6%	207 MNOK
Akademiet Vgs Ålesund AS	0.0%	89.4%	52 MNOK
Maersk Training AS	10.7%	24.7%	174 MNOK
Norges Toppidrettsgymnas Lillehammer AS	2.8%	53.2%	83 MNOK
Nla Høgskolen AS	3.3%	60.3%	433 MNOK
Kongsberg Technology Training Centre AS	−2.0%	64.7%	63 MNOK
Skandinavisk Trafikksenter AS	11.7%	38.2%	56 MNOK
Seiersborg Videregående Skole Fredrikstad AS	5.8%	39.1%	68 MNOK
Wang Toppidrett Oslo AS	1.2%	74.7%	127 MNOK
Ifront Karriere AS	4.0%	20.1%	243 MNOK
Lundeneset Vgs AS	5.8%	51.9%	54 MNOK
Nhc Services AS	12.6%	13.7%	61 MNOK
Kvs-Lyngdal AS	6.6%	43.9%	111 MNOK
Krokeide Videregående Skole AS	9.4%	43.1%	114 MNOK
Akademiet Privatist og Nettstudier AS	18.9%	33.1%	57 MNOK
Metis Videregående AS	2.0%	32.1%	103 MNOK
Universitetssenteret på Svalbard AS	−0.8%	54.7%	240 MNOK
Kristen Friskole AS	12.9%	0.2%	59 MNOK
Hero Kompetanse AS	9.3%	25.3%	64 MNOK
Espira RÅ AS	2.2%	36.4%	62 MNOK
Joblearn AS	7.6%	29.0%	86 MNOK
TEISENTOPPEN, Frelsesarmeens Barnehage i Oslo AS	8.7%	35.5%	52 MNOK
Sens Utvikling AS	−1.4%	48.1%	64 MNOK
As3 Norge AS	13.7%	8.9%	111 MNOK
Moelv Videregående Skole AS	−0.2%	48.6%	76 MNOK
Kidsa Drift AS	−0.2%	93.8%	53 MNOK
Signo Grunn- og Videregående Skole AS	3.6%	34.9%	71 MNOK
Sonans Privatgymnas AS	10.1%	13.7%	195 MNOK
Val Skoler AS	2.9%	74.2%	199 MNOK
Fagskolen Diakonova AS	0.8%	32.5%	69 MNOK
Drottningborg Vgs AS	9.2%	34.4%	60 MNOK
Noroff Fagskole AS	0.6%	52.1%	281 MNOK
Espira Ulsetskogen AS	3.1%	5.8%	75 MNOK
Presto Training AS	4.3%	3.5%	112 MNOK
Nøtteliten og Hakkebakkeskogen AS	0.1%	24.2%	56 MNOK
Haugesund Toppidrettsgymnas AS	−1.4%	38.8%	71 MNOK
Noroff Education AS	5.6%	12.8%	183 MNOK
Learn AS	3.4%	14.5%	88 MNOK
Wright Trafikkskole AS	4.1%	12.4%	349 MNOK
Podium AS	3.3%	6.8%	110 MNOK
Wang Ung Oslo AS	2.1%	−10.9%	51 MNOK
Fretex Pluss AS	−2.1%	20.7%	134 MNOK
Folkeuniversitetet AS	−3.3%	−13.9%	83 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
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

In our articles

Finance earns 58.3% on operations; the typical Norwegian industry makes 5.7%No. 19 of 22 on median operating margin

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 year	Median operating margin	Median equity ratio
2019	–	–
2020	–	–
2021 · weakest year	−5.7%	0.8%
2022	−3.4%	−20.8%
2023	3.0%	27.1%
2024	2.7%	27.2%
2025	3.9%	30.4%

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))

Latest value: 104.0 (2026M09)

Consumer price index rose 3.0% in 2025; the sector's median operating margin rose 1.1 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%	3.0%	2.7%	3.9%	–

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 1.1 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%	3.0%	2.7%	3.9%	–

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

When policy rate fell in 2025, 501 of 907 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)

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