Sector

Undervisning

918 companies ranked against comparable companies in four Morning company classes. Fiscal year 2023. 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 · 2023 · Morning class Medium

Morning class Medium · 2023
#	Company	Profile	Score	Change
1	Calian Europe AS	Leader	95	–
2	TA Lappen Stjørdal-Meråker Trafikkskole AS	Leader	92	–
3	Kristelig Gymnasium AS	Leader	86	–
4	Akademiet Oslo AS	Leader	81	–
5	Moelv Videregående Skole AS	Leader	81	–
6	Wang Hamar AS	Leader	80	–
7	Val Skoler AS	Leader	80	–
8	Akademiet Privatist og Nettstudier AS	Leader	80	–
9	Wang Fredrikstad AS	Steward	74	–
10	Oslo Nye Høyskole AS	Leader	71	–
11	Noroff Fagskole AS	Sprinter	66	–
12	Wang Tønsberg AS	Steward	64	–
13	Tryggheim Skular AS	Steward	62	–
14	Lingu AS	Leader	57	–
15	Wang Toppidrett Oslo AS	Steward	56	–
16	Seiersborg Videregående Skole Fredrikstad AS	Sprinter	55	–
17	As3 Norge AS	Sprinter	54	–
18	Ifront Karriere AS	Steward	54	–
19	Krokeide Videregående Skole AS	Leader	53	–
20	Maersk Training AS	Sprinter	52	–
21	Nla Høgskolen AS	Steward	52	–
22	Sens Utvikling AS	Steward	52	–
23	Trainor Elsikkerhet AS	Builder	49	–
24	Læringsverkstedet Gruppen AS	Sprinter	48	–
25	Universitetssenteret på Svalbard AS	Steward	48	–
26	K2 Kompetanse AS	Leader	47	–
27	Norges Toppidrettsgymnas Lillehammer AS	Steward	46	–
28	Transportkompetanse Haugesund AS	Steward	44	–
29	Haugesund Toppidrettsgymnas AS	Steward	43	–
30	Kvs-Lyngdal AS	Leader	43	–
31	Nøtteliten og Hakkebakkeskogen AS	Sprinter	42	–
32	Learn AS	Sprinter	40	–
33	Podium AS	Sprinter	39	–
34	Metis Bergen Private Gymnas AS	Builder	39	–
35	Fagskolen Kristiania AS	Builder	39	–
36	Espira Ulsetskogen AS	Sprinter	38	–
37	Lovisenberg Diakonale Høgskole AS	Steward	37	–
38	Nhc Services AS	Sprinter	36	–
39	Wright Trafikkskole AS	Sprinter	36	–
40	Drottningborg Vgs AS	Builder	35	–
41	Signo Grunn- og Videregående Skole AS	Sprinter	33	–
42	Joblearn AS	Builder	31	–
43	Espira RÅ AS	Sprinter	29	–
44	Norges Toppidrettsgymnas Bærum AS	Builder	27	–
45	Wang Romerike AS	Builder	27	–
46	Metis Videregående AS	Builder	27	–
47	Fretex Pluss AS	Builder	26	–
48	Sonans Privatgymnas AS	Builder	18	–
49	RS Sjøredningsskolen AS	Builder	15	–
50	Espira Gruppen AS	Builder	11	–

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

Climbers and fallers need at least two fiscal years with a score. Coming when next year's figures are fetched.

Top lists in the sector · 2023 · Morning class Medium

The five largest companies account for 26% of the sector's revenue. Combined profit before tax for the 50 ranked companies: 204 MNOK.

Highest revenue

Nla Høgskolen AS 397 MNOK
Wright Trafikkskole AS 342 MNOK
Val Skoler AS 282 MNOK
Noroff Fagskole AS 273 MNOK
Oslo Nye Høyskole AS 216 MNOK

Operating revenue.

Highest operating margin

TA Lappen Stjørdal-Meråker Trafikkskole AS 26.7%
Oslo Nye Høyskole AS 25.8%
Noroff Fagskole AS 15.5%
Calian Europe AS 14.2%
As3 Norge AS 9.2%

Operating result divided by operating revenue.

Largest profit

Oslo Nye Høyskole AS 61 MNOK
Noroff Fagskole AS 44 MNOK
Wright Trafikkskole AS 24 MNOK
Val Skoler AS 22 MNOK
TA Lappen Stjørdal-Meråker Trafikkskole AS 19 MNOK

Profit before tax.

Largest loss

Lovisenberg Diakonale Høgskole AS −9 MNOK
Universitetssenteret på Svalbard AS −9 MNOK
RS Sjøredningsskolen AS −8 MNOK
Espira Gruppen AS −4 MNOK
Sonans Privatgymnas AS −4 MNOK

Profit before tax, the largest negative.

Most solid

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

No company meets the requirement this year.

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

Biggest climbers

Requires an index for two financial years.

Change in index points from the year before.

Biggest fallers

Requires an index for two financial years.

Change in index points from the year before.

Most employees

Employees according to the Central Coordinating Register.

Highest revenue per employee

Calian Europe AS 3.8 MNOK
Læringsverkstedet Gruppen AS 3.3 MNOK
Noroff Fagskole AS 3.2 MNOK
Sonans Privatgymnas AS 2.0 MNOK
Val Skoler AS 1.9 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 · 2023 · 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.

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 2022 (profitability / solidity)
Noroff Fagskole AS	Cheetah	98	36	–
TA Lappen Stjørdal-Meråker Trafikkskole AS	Lion	97	86	–
Calian Europe AS	Lion	96	94	–
Oslo Nye Høyskole AS	Lion	94	77	–
Moelv Videregående Skole AS	Lion	93	71	–
As3 Norge AS	Cheetah	92	26	–
Akademiet Privatist og Nettstudier AS	Lion	87	75	–
Læringsverkstedet Gruppen AS	Cheetah	83	20	–
Espira Ulsetskogen AS	Cheetah	79	7	–
Akademiet Oslo AS	Lion	79	84	–
Val Skoler AS	Lion	78	81	–
Maersk Training AS	Cheetah	78	38	–
Wright Trafikkskole AS	Cheetah	76	13	–
Podium AS	Cheetah	72	9	–
Wang Hamar AS	Lion	68	88	–
Nøtteliten og Hakkebakkeskogen AS	Cheetah	68	48	–
Seiersborg Videregående Skole Fredrikstad AS	Cheetah	67	34	–
Learn AS	Cheetah	66	22	–
Kristelig Gymnasium AS	Lion	63	100	–
Espira RÅ AS	Cheetah	59	5	–
Nhc Services AS	Cheetah	58	32	–
Signo Grunn- og Videregående Skole AS	Cheetah	58	28	–
Lingu AS	Lion	58	53	–
Krokeide Videregående Skole AS	Lion	56	55	–
K2 Kompetanse AS	Lion	54	61	–
Kvs-Lyngdal AS	Lion	50	57	–
Ifront Karriere AS	Elephant	48	51	–
Tryggheim Skular AS	Elephant	48	90	–
Joblearn AS	Beaver	45	24	–
Trainor Elsikkerhet AS	Beaver	39	40	–
Transportkompetanse Haugesund AS	Elephant	38	63	–
Sonans Privatgymnas AS	Beaver	38	3	–
Metis Videregående AS	Beaver	34	11	–
Fretex Pluss AS	Beaver	34	15	–
Wang Fredrikstad AS	Elephant	32	98	–
Drottningborg Vgs AS	Beaver	29	44	–
Wang Romerike AS	Beaver	26	18	–
Espira Gruppen AS	Beaver	24	1	–
Fagskolen Kristiania AS	Beaver	23	42	–
Wang Toppidrett Oslo AS	Elephant	19	92	–
Haugesund Toppidrettsgymnas AS	Elephant	19	59	–
Nla Høgskolen AS	Elephant	17	67	–
Sens Utvikling AS	Elephant	15	79	–
Norges Toppidrettsgymnas Lillehammer AS	Elephant	13	65	–
Universitetssenteret på Svalbard AS	Elephant	10	69	–
Metis Bergen Private Gymnas AS	Beaver	6	46	–
Norges Toppidrettsgymnas Bærum AS	Beaver	6	30	–
Wang Tønsberg AS	Elephant	5	96	–
Lovisenberg Diakonale Høgskole AS	Elephant	5	73	–
RS Sjøredningsskolen AS	Beaver	0	0	–

The sector in numbers

Summary · fiscal year 2023 · Morning class Medium

The sector's median operating margin is 1.8%. 1 of 50 companies have negative equity. The median equity ratio is 35.4%.

Companies with accounts50

Total revenue5,804 MNOK

Median operating margin1.8%

Median equity ratio35.4%

Share with a loss34%

Share with negative equity2%

All figures are for fiscal year 2023. Ranked: 50 operating companies. Holding companies, excluded companies and companies without enough data are shown but not ranked. How to read the index

Growth is not included in the index: it needs the previous year's accounts.

Climbers and fallers · Morning class Medium

Climbers need at least two fiscal years. They appear once next year's accounts are fetched or history is imported.

Awards · 2023 · Morning class Medium

Most profitableTA Lappen Stjørdal-Meråker Trafikkskole AS26.7%

Strongest balance sheetKristelig Gymnasium AS79.2%

Largest revenueNla Høgskolen AS397 MNOK

Highest revenue per employeeCalian Europe AS3.8 MNOK

Needs attention · 2023 · Morning class Medium

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

criticalRS Sjøredningsskolen ASNegative equity · Loss before tax
watchSonans Privatgymnas ASVery low equity ratio (1.0%) · Current ratio below 1 (0.54) · Loss before tax
watchEspira Gruppen ASVery low equity ratio (0.7%) · Current ratio below 1 (0.52) · Loss before tax
watchWang Toppidrett Oslo ASCurrent ratio below 1 (0.94) · Loss before tax
watchPodium ASVery low equity ratio (8.1%) · Current ratio below 1 (0.87)
watchEspira Ulsetskogen ASVery low equity ratio (2.8%) · Current ratio below 1 (0.93)
watchEspira RÅ ASVery low equity ratio (2.0%) · Current ratio below 1 (0.87)
watchDrottningborg Vgs ASCurrent ratio below 1 (0.61) · Loss before tax
watchNla Høgskolen ASLoss before tax
watchWright Trafikkskole ASCurrent ratio below 1 (0.36)
watchOslo Nye Høyskole ASCurrent ratio below 1 (0.71)
watchUniversitetssenteret på Svalbard ASLoss before tax
watchFagskolen Kristiania ASLoss before tax
watchLovisenberg Diakonale Høgskole ASLoss before tax
watchTryggheim Skular ASCurrent ratio below 1 (0.75)

Sector map · 2023 · 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	14.2%	72.7%	69 MNOK
TA Lappen Stjørdal-Meråker Trafikkskole AS	26.7%	69.5%	71 MNOK
Kristelig Gymnasium AS	3.8%	79.2%	127 MNOK
Akademiet Oslo AS	5.1%	67.0%	74 MNOK
Moelv Videregående Skole AS	8.4%	50.2%	69 MNOK
Wang Hamar AS	3.8%	69.7%	52 MNOK
Val Skoler AS	6.7%	63.0%	282 MNOK
Akademiet Privatist og Nettstudier AS	6.9%	50.7%	85 MNOK
Wang Fredrikstad AS	0.4%	75.3%	56 MNOK
Oslo Nye Høyskole AS	25.8%	60.3%	216 MNOK
Noroff Fagskole AS	15.5%	30.7%	273 MNOK
Wang Tønsberg AS	−6.5%	74.4%	61 MNOK
Tryggheim Skular AS	1.9%	70.4%	150 MNOK
Lingu AS	2.9%	36.5%	63 MNOK
Wang Toppidrett Oslo AS	−2.4%	71.8%	109 MNOK
Seiersborg Videregående Skole Fredrikstad AS	5.6%	30.1%	58 MNOK
As3 Norge AS	9.2%	20.3%	80 MNOK
Ifront Karriere AS	1.3%	35.8%	144 MNOK
Krokeide Videregående Skole AS	3.6%	36.7%	98 MNOK
Maersk Training AS	5.2%	31.0%	173 MNOK
Nla Høgskolen AS	−3.1%	45.8%	397 MNOK
Sens Utvikling AS	−3.0%	61.5%	55 MNOK
Trainor Elsikkerhet AS	0.6%	33.1%	158 MNOK
Læringsverkstedet Gruppen AS	7.7%	18.7%	188 MNOK
Universitetssenteret på Svalbard AS	−6.3%	46.0%	214 MNOK
K2 Kompetanse AS	1.5%	41.6%	62 MNOK
Norges Toppidrettsgymnas Lillehammer AS	−3.0%	42.8%	73 MNOK
Transportkompetanse Haugesund AS	−0.2%	41.7%	51 MNOK
Haugesund Toppidrettsgymnas AS	−1.8%	38.3%	60 MNOK
Kvs-Lyngdal AS	2.8%	36.7%	93 MNOK
Nøtteliten og Hakkebakkeskogen AS	1.8%	34.9%	51 MNOK
Learn AS	3.2%	19.0%	82 MNOK
Podium AS	3.2%	8.1%	80 MNOK
Metis Bergen Private Gymnas AS	−3.8%	34.6%	79 MNOK
Fagskolen Kristiania AS	−1.7%	33.8%	185 MNOK
Espira Ulsetskogen AS	4.4%	2.8%	63 MNOK
Lovisenberg Diakonale Høgskole AS	−6.4%	50.2%	163 MNOK
Nhc Services AS	1.7%	25.7%	52 MNOK
Wright Trafikkskole AS	5.1%	13.4%	342 MNOK
Drottningborg Vgs AS	−0.2%	34.1%	51 MNOK
Signo Grunn- og Videregående Skole AS	2.6%	21.6%	68 MNOK
Joblearn AS	0.7%	19.5%	131 MNOK
Espira RÅ AS	2.5%	2.0%	56 MNOK
Norges Toppidrettsgymnas Bærum AS	−3.4%	25.3%	77 MNOK
Wang Romerike AS	−0.3%	17.6%	83 MNOK
Metis Videregående AS	0.5%	10.0%	85 MNOK
Fretex Pluss AS	0.2%	16.1%	136 MNOK
Sonans Privatgymnas AS	1.3%	1.0%	200 MNOK
RS Sjøredningsskolen AS	−14.2%	−25.5%	52 MNOK
Espira Gruppen AS	−3.4%	0.7%	108 MNOK

Holding and investment companies · 2023

42 companies in the sector are holding or investment companies. They are kept out of the ranking above, since revenue, margins and growth say little about a company that lives from ownership. They are ranked on their own here: 12 have at least 10 MNOK in assets and are listed.

Holding and investment companies
Rank	Company	Score	Equity ratio	Return on assets	Current ratio	Total assets
1	Tiram Holding AS	86	97.6%	19.5%	43.35	16 MNOK
2	Dahlenmyhr Holding AS	78	87.9%	31.8%	2.81	10 MNOK
3	Nathan Holding AS	76	90.3%	10.0%	68.14	36 MNOK
4	Ween Kapital AS	60	71.1%	17.3%	2.20	30 MNOK
5	Isolde Invest AS	54	97.8%	0.6%	13.32	94 MNOK
6	Lfs Holding AS	49	86.5%	1.4%	162.16	13 MNOK
7	Sfr Holding AS	42	58.9%	9.3%	0.72	903 MNOK
8	Vid Holding AS	42	99.9%	−0.1%	0.60	35 MNOK
9	Oasen Skole Holding AS	40	46.2%	5.4%	2.66	27 MNOK
10	Sgd Holding AS	29	68.4%	2.4%	0.66	12 MNOK
11	Hjertås Holding AS	26	28.6%	3.1%	1.73	17 MNOK
12	Noroff Holding AS	18	40.1%	3.0%	0.22	151 MNOK

Score 0–100 against the other holding companies in the sector: equity ratio 40 %, return on assets 40 % and current ratio 20 %. Methodology

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 1 November 2026

Policy rate (prosent)

Latest value: 4.30 (2026-09)

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	4.14 (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	−0.16 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 1 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