Sector

1 companies ranked against comparable companies in four Morning company classes. Fiscal year 2021. Source: Brønnøysund Register Centre. Methodology

Ranking · 2021 · Morning class Micro

Too few companies in this class (1, at least 10 needed) for a ranking of its own. They are compared with the whole sector.

Morning class Micro · 2021
#CompanyProfileScoreChangeFive years
1 Væsker Kampkunst Akademi AS Leader 50 –

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

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 · 2021 · Morning class Micro

Combined profit before tax for the 1 ranked companies: 0 MNOK.

Highest revenue

  1. Væsker Kampkunst Akademi AS 1 MNOK

Operating revenue.

Highest operating margin

  1. Væsker Kampkunst Akademi AS −5.7%

Operating result divided by operating revenue.

Largest profit

No company meets the requirement this year.

Profit before tax.

Largest loss

  1. Væsker Kampkunst Akademi AS 0 MNOK

Profit before tax, the largest negative.

Most solid

  1. Væsker Kampkunst Akademi AS 0.8%

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

No company meets the requirement this year.

Employees according to the Central Coordinating Register.

Highest revenue per employee

No company meets the requirement this year.

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 · 2021 · 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.

Too few ranked companies to draw the map.

The sector in numbers

Summary · fiscal year 2021 · Morning class Micro

The sector's median operating margin is −5.7%. 0 of 2 companies have negative equity. The median equity ratio is 0.8%.

Companies with accounts2
Total revenue2 MNOK
Median operating margin−5.7%
Median equity ratio0.8%
Share with a loss100%
Share with negative equity0%

All figures are for fiscal year 2021. Ranked: 1 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 Micro

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

Awards · 2021 · Morning class Micro

Most profitableVæsker Kampkunst Akademi AS−5.7%
Strongest balance sheetVæsker Kampkunst Akademi AS0.8%
Largest revenueVæsker Kampkunst Akademi AS1 MNOK

Needs attention · 2021 · Morning class Micro

2 companies show at least one warning sign. Showing the 2 most important.

Sector map · 2021 · Morning class Micro

Too few ranked companies to draw the map.

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%−20.8%
20233.4%29.5%
20242.8%29.8%
20253.9%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
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%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
Measure202120222023202420252026
Policy rate, annual average0.081.323.544.504.304.14 (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.

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

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