Sector

Undervisning

10 companies ranked against comparable companies in four Morning company classes. Fiscal year 2022. 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 · 2022 · Morning class Micro

Too few companies in this class (8, at least 10 needed) for a ranking of its own. They are compared with the whole sector.

Morning class Micro · 2022
#	Company	Profile	Score	Change
1	Totenxpressen AS	Leader	85	–
2	Fotballprogresjon Norge AS	Steward	76	–
3	N.G.S Montessori AS	Steward	57	–
4	Oslofjorden Dykkersenter AS	Sprinter	52	–
5	Bjørns Trafikkskole Safedriver AS	Sprinter	38	–
6	Væsker Kampkunst Akademi AS	Builder	34	−16
7	Waypoint Maritime AS	Builder	26	–
8	Ebeltoften Familiebarnehage AS	Builder	0	–

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

Væsker Kampkunst Akademi AS
From 2021 to 2022: the equity ratio fell from 0.8% to −25.3% and the operating margin fell from −5.7% to −12.1%.
−16

Top lists in the sector · 2022 · Morning class Micro

The five largest companies account for 62% of the sector's revenue. Combined profit before tax for the 8 ranked companies: −1 MNOK.

Highest revenue

Waypoint Maritime AS 8 MNOK
Oslofjorden Dykkersenter AS 5 MNOK
Fotballprogresjon Norge AS 4 MNOK
N.G.S Montessori AS 2 MNOK
Ebeltoften Familiebarnehage AS 2 MNOK

Operating revenue.

Highest operating margin

Oslofjorden Dykkersenter AS 6.0%
Totenxpressen AS 5.9%
Bjørns Trafikkskole Safedriver AS −0.4%
Waypoint Maritime AS −3.4%
Fotballprogresjon Norge AS −3.9%

Operating result divided by operating revenue.

Largest profit

Oslofjorden Dykkersenter AS 0 MNOK
Totenxpressen AS 0 MNOK

Profit before tax.

Largest loss

Waypoint Maritime AS 0 MNOK
Ebeltoften Familiebarnehage AS 0 MNOK
N.G.S Montessori AS 0 MNOK
Fotballprogresjon Norge AS 0 MNOK
Væsker Kampkunst Akademi AS 0 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

Væsker Kampkunst Akademi AS −16.0 points

Change in index points from the year before.

Most employees

Employees according to the Central Coordinating Register.

Highest revenue per employee

Ebeltoften Familiebarnehage AS 0.3 MNOK
Fotballprogresjon Norge AS 0.2 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 · 2022 · 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.

Bubble size shows relative revenue, not exact figures. Dashed lines show where the 1 companies that moved most stood in 2021 (small ring).

Væsker Kampkunst Akademi AS profitability 50 → 17, solidity 50 → 0

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 2021 (profitability / solidity)
Totenxpressen AS	Lion	94	78	–
Oslofjorden Dykkersenter AS	Cheetah	94	0	–
Bjørns Trafikkskole Safedriver AS	Cheetah	78	0	–
Waypoint Maritime AS	Beaver	44	0	–
N.G.S Montessori AS	Elephant	39	56	–
Fotballprogresjon Norge AS	Elephant	33	100	–
Væsker Kampkunst Akademi AS	Beaver	17	0	50 / 50
Ebeltoften Familiebarnehage AS	Beaver	0	0	–

The sector in numbers

Summary · fiscal year 2022 · Morning class Micro

The sector's median operating margin is −3.7%. 11 of 25 companies have negative equity. The median equity ratio is −20.8%.

Companies with accounts25

Total revenue36 MNOK

Median operating margin−3.7%

Median equity ratio−20.8%

Share with a loss44%

Share with negative equity44%

All figures are for fiscal year 2022. Ranked: 8 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 2021 to 2022, for 1 companies ranked in both years.

Climbers

None.

Fallers

5Væsker Kampkunst Akademi ASfrom rank 1 to 634

Awards · 2022 · Morning class Micro

Most profitableOslofjorden Dykkersenter AS6.0%

Fastest growthVæsker Kampkunst Akademi AS−12.1%

Strongest balance sheetFotballprogresjon Norge AS54.8%

Largest revenueWaypoint Maritime AS8 MNOK

Highest revenue per employeeEbeltoften Familiebarnehage AS0.3 MNOK

Needs attention · 2022 · Morning class Micro

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

criticalWaypoint Maritime ASNegative equity · Current ratio below 1 (0.32) · Loss before tax
criticalEbeltoften Familiebarnehage ASNegative equity · Current ratio below 1 (0.11) · Loss before tax
criticalBjørns Trafikkskole Safedriver ASNegative equity · Current ratio below 1 (0.26) · Loss before tax
criticalTette Løsninger Norge ASNegative equity · Current ratio below 1 (0.04) · Loss before tax
criticalOslofjorden Dykkersenter ASNegative equity · Current ratio below 1 (0.87)
criticalOptimal Security ASNegative equity · Current ratio below 1 (0.13)
criticalLes Mousquetaires ASNegative equity · Current ratio below 1 (0.55)
criticalVæsker Kampkunst Akademi ASNegative equity · Loss before tax
criticalToms Trafikkskole ASNegative equity · Current ratio below 1 (0.85)
criticalCircus Bazaar Group Norway ASNegative equity · Current ratio below 1 (0.71)
criticalTreetop View ASNegative equity · Loss before tax
watchN.G.S Montessori ASCurrent ratio below 1 (0.91) · Loss before tax
watchBalance Knowledge ASVery low equity ratio (7.3%) · Current ratio below 1 (0.24)
watchFotballprogresjon Norge ASLoss before tax
watchTRYGGE BARN 2.0 ASLoss before tax

Sector map · 2022 · 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.

Show the map's figures as a table

Company	Operating margin	Equity ratio	Revenue
Totenxpressen AS	5.9%	28.0%	2 MNOK
Fotballprogresjon Norge AS	−3.9%	54.8%	4 MNOK
N.G.S Montessori AS	−6.5%	16.0%	2 MNOK
Oslofjorden Dykkersenter AS	6.0%	−16.4%	5 MNOK
Bjørns Trafikkskole Safedriver AS	−0.4%	−169.5%	1 MNOK
Væsker Kampkunst Akademi AS	−12.1%	−25.3%	1 MNOK
Waypoint Maritime AS	−3.4%	−187.8%	8 MNOK
Ebeltoften Familiebarnehage AS	−15.1%	−397.2%	2 MNOK

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	3.4%	29.5%
2024	2.8%	29.8%
2025	3.9%	31.0%

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
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%	3.4%	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 1.0 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%	3.4%	2.8%	3.9%	–

Source: Norges Bank (IR, NLOD 2.0). Source · fetched 1 November 2026

When policy rate fell in 2025, 426 of 773 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
Socia AS 937843712 Voluntary liquidation · 31 October 2026
Spornes Gårdsbarnehage AS 995003066 Voluntary liquidation · 31 October 2026
VM Coaching AS 935908914 Voluntary liquidation · 31 October 2026
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