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FollowDownload sector report (PDF)10 companies ranked against comparable companies in four Morning company classes. Fiscal year 2022. Source: Brønnøysund Register Centre. Methodology
Ranking · 2022 · Morning class Large
No ranked companies in this class this year.
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 Large
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 · 2022 · Morning class Large
The five largest companies account for 72% of the sector's revenue. Combined profit before tax for the 10 ranked companies: −2 MNOK.
Highest revenue
- Musikkundervisningen Norge AS 21 MNOK
- TRAFIKKSENTERET - Gule Biler AS 16 MNOK
- Waypoint Maritime AS 8 MNOK
- Oslofjorden Dykkersenter AS 5 MNOK
- Fotballprogresjon Norge AS 4 MNOK
Operating revenue.
Highest operating margin
- Oslofjorden Dykkersenter AS 6.0%
- Totenxpressen AS 5.9%
- Bjørns Trafikkskole Safedriver AS −0.4%
- Musikkundervisningen Norge AS −3.1%
- TRAFIKKSENTERET - Gule Biler AS −3.4%
Operating result divided by operating revenue.
Largest profit
- Oslofjorden Dykkersenter AS 0 MNOK
- Totenxpressen AS 0 MNOK
Profit before tax.
Largest loss
- TRAFIKKSENTERET - Gule Biler AS −1 MNOK
- Musikkundervisningen Norge AS −1 MNOK
- Waypoint Maritime AS 0 MNOK
- Ebeltoften Familiebarnehage AS 0 MNOK
- N.G.S Montessori AS 0 MNOK
Profit before tax, the largest negative.
Most solid
- Fotballprogresjon Norge AS 54.8%
- Totenxpressen AS 28.0%
- N.G.S Montessori AS 16.0%
- TRAFIKKSENTERET - Gule Biler AS 4.7%
- Oslofjorden Dykkersenter AS −16.4%
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
- Musikkundervisningen Norge 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.
Positions in the sector · 2022 · Morning class Large
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.
Too few ranked companies to draw the map.
Summary · fiscal year 2022
The sector's median operating margin is −3.4%. 14 of 31 companies have negative equity. The median equity ratio is −20.8%.
All figures are for fiscal year 2022. Ranked: 10 operating companies. Holding companies, excluded companies and companies without enough data are shown but not ranked. How to read the index
Climbers and fallers
Change in rank from 2021 to 2022, for 1 companies ranked in both years.
Climbers
None.
Fallers
- 6Væsker Kampkunst Akademi ASfrom rank 1 to 734
Awards · 2022
Needs attention · 2022
23 companies show at least one warning sign. Showing the 15 most important.
- criticalMusikkundervisningen Norge ASNegative equity · Current ratio below 1 (0.23) · Loss before tax
- 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
- criticalCamp Edi Norway ASNegative equity · Current ratio below 1 (0.00) · Loss before tax
- criticalHopstock Holding ASNegative equity · Current ratio below 1 (0.30) · 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
- watchTRAFIKKSENTERET - Gule Biler ASVery low equity ratio (4.7%) · Current ratio below 1 (0.77) · Loss before tax
Sector map · 2022
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 |
| TRAFIKKSENTERET - Gule Biler AS | −3.4% | 4.7% | 16 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 |
| Musikkundervisningen Norge AS | −3.1% | −258.4% | 21 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))
Consumer price index rose 3.0% in 2025; the sector's median operating margin rose 1.0 percentage points.
| 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)
Policy rate fell 0.20 percentage points in 2025; the sector's median operating margin rose 1.0 percentage points.
| 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)
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 |