Ardoq Denmark ApS
Private limited companyCVR 39533189København SActive
Ardoq Denmark ApS is a private limited company, based in København S, active in other software publishing, founded in 2018. Equity was negative at the end of 2025 (−DKK 52.9m). The company made a loss in both 2024 and 2025, most recently DKK 2.1m. With 19 employees, the company is about 5 times larger than the industry median.
Key figures · financial year 2025
What has changed
calculated from recorded figures and datesFinancials: 2025 against 2024
- Gross profit rose 62% (2024 → 2025), to DKK 16.7m.
- The loss grew: from DKK 834k to DKK 2.1m (2024 → 2025).
Employees
- 5 more employees than a year earlier: 19 (07/2026) against 14 (07/2025).
Registrations, last 24 months
- 24/01/2025: Industry changed to Other software publishing (582900)
- 01/01/2025: Industry changed to Publishing of computer games (582100)
Calculated from the latest two annual reports in sequence and from registrations in CVR. A figure that is missing in either year gives no line, and we derive no figures.
Financial statements
Financial years 2020–2025 · amounts in DKK thousandEquity and net profit
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change | |
|---|---|---|---|---|---|---|---|
| Revenue | not stated | not stated | not stated | not stated | not stated | not stated | – |
| Gross profit | −923 | −4,882 | −7,610 | −221 | 10,365 | 16,749 | +61.6% |
| Operating profit (EBIT) | −3,539 | −10,400 | −19,594 | −13,826 | 772 | 1,128 | +46.1% |
| Profit before tax | −3,514 | – | – | – | −834 | – | – |
| Net profit | −3,514 | −10,810 | −19,504 | −14,457 | −834 | −2,099 | −151.9% |
| Total assets | 3,546 | 7,709 | 4,080 | 5,676 | 6,153 | 24,664 | +300.8% |
| Equity | −6,114 | −16,924 | −36,428 | −50,471 | −51,099 | −52,886 | −3.5% |
| Liabilities | 9,660 | 24,633 | 40,508 | 56,148 | 56,969 | 77,550 | +36.1% |
| Cash and cash equivalents | 298 | 2,745 | 1,385 | 4,630 | 4,657 | 23,391 | +402.2% |
| Average number of employees | 3 | 7 | 16 | 16 | 12 | 13 | +8.3% |
Source: annual reports filed with the Danish Business Authority (XBRL). Figures for the company (not the group); change is the latest year against the year before. “–” means the figure is not stated in the annual report. Revenue is not stated for 2020, 2021, 2022, 2023, 2024, 2025: smaller companies may omit it, and we do not derive it from other figures.
Download the figures as CSV · free with an account, amounts in whole DKK
Signals from the financial statements
calculated from the 2025 figuresNegative equity
Equity was −DKK 52.9m at the end of 2025.
How is this calculated?
Equity in the latest annual report is below zero.
Loss for 6 years in a row
Net result has been negative in 2020–2025.
How is this calculated?
Net result is negative in the two or more latest annual reports in a row.
The signals are rules applied to the figures in the annual reports. They are not an assessment or credit rating of the company. See Data and method.
Annual reports
6 financial years| Financial year | Period | Published | Figures for | Documents |
|---|---|---|---|---|
| 2025 | 01/01/2025 – 31/12/2025 | 20/05/2026 | The company | PDF not statedXBRL |
| 2024 | 01/01/2024 – 31/12/2024 | 22/05/2025 | The company | PDFXBRL |
| 2023 | 01/01/2023 – 31/12/2023 | 30/05/2024 | The company | PDFXBRL |
| 2022 | 01/01/2022 – 31/12/2022 | 15/06/2023 | The company | PDFXBRL |
| 2021 | 01/01/2021 – 31/12/2021 | 02/06/2022 | The company | PDFXBRL |
| 2020 | 01/01/2020 – 31/12/2020 | 28/06/2021 | The company | PDFXBRL |
The figures from all the annual reports are shown on this page. The documents themselves (PDF and XBRL, the machine-readable edition) are downloaded with a Pro account: sign in or create a free account, and then choose Pro. XBRL is the edition the figures on the page are read from.
Employees
monthly figures from CVRPosition in the industry
499 companies in the databaseComparison with the other companies in other software publishing based on the latest financial year.
Industry median: gross profit DKK 2.9m, net profit DKK 42,450, equity DKK 1.1m, 4 employees.
Compared with similar companies
size, age and company form| Group | Gross profit | Equity |
|---|---|---|
| Companies with fewer than 20 employees69,967 companies in the comparison | No. 2,012of 69,742 Better than 97% | No. 69,904of 69,964 Better than 0% |
| Same industry and fewer than 20 employees406 companies in the comparison | No. 27of 404 Better than 94% | No. 404of 406 Better than 0% |
| Companies that are between 5 and 14 years old33,688 companies in the comparison | No. 2,499of 33,588 Better than 93% | No. 33,620of 33,687 Better than 0% |
| All companies of type ApS66,508 companies in the comparison | No. 3,133of 66,379 Better than 95% | No. 66,437of 66,505 Better than 0% |
The rank is calculated among companies in the database with a figure for the latest financial year, and is shown only for groups of at least ten companies.
Compare with the industry
Other software publishing- Ardoq Denmark ApSDKK 16.7m
- Milestone Systems A/SDKK 2bn
- Visma e-conomic A/SDKK 880.2m
- Ardoq Denmark ApS−DKK 2.1m
- Milestone Systems A/SDKK 183.4m
- Visma e-conomic A/SDKK 456.2m
- Ardoq Denmark ApS−DKK 52.9m
- Milestone Systems A/SDKK 1.7bn
- Visma e-conomic A/SDKK 471.5m
- Ardoq Denmark ApS19
- Milestone Systems A/S531
- Visma e-conomic A/S456
Latest financial year per company. Choose up to three companies from the largest in the industry.
Owners and group
from the Public Ownership Register- Ardoq AS100%
Management
3 active registrationsExecutive management
| Name | Role | Appointed |
|---|---|---|
| Bård Bognøy | Director | 01/03/2020 |
| Erik Bakstad | Director | 27/11/2020 |
Board of directors
| Name | Role | Appointed |
|---|---|---|
| Erik Bakstad | Chair of the board | 27/11/2020 |
- Founders
- Ardoq AS
Former management (1)
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| Magnus Valmot | Director | 24/04/2018 | 27/11/2020 |
Signing rule: Selskabet tegnes af en direktør
Address and production units
1 active production unitsAmagerfælledvej 106
2300 København S
København Municipality · Postcode 2300
Other companies at the address (8)
- ZeroNorth A/SOther software publishing
- Mono Solutions ApSComputer programming activities
- Source2Sea A/SNon-specialised wholesale trade
- Nu Skin Scandinavia A/SWholesale of perfume and cosmetics
- Ubiqisense ApSManufacture of instruments and appliances for measuring, testing and navigation
| Production unit | Address | Employees | P number |
|---|---|---|---|
| Ardoq Denmark ApS | Amagerfælledvej 106, 2300 København S | 18 | 1023575481 |
Purpose
Selskabets formål er bringe Ardoq software ind på markedet i Denmark, som produktudvikling, IT-projekter, konsulentvirksomhed samt anden tilknyttet virksomhed efter direktionens beslutning.
The purpose is quoted from the register in Danish.
Changes year by year
22 registered events20261 changeaccounts 1
- AccountsAnnual report for 2025 published
20253 changesaccounts 1 · industry 2
- AccountsAnnual report for 2024 published
- IndustryIndustry changed to Other software publishing (582900)
- IndustryIndustry changed to Publishing of computer games (582100)
20241 changeaccounts 1
- AccountsAnnual report for 2023 published
20232 changesaddress 1 · accounts 1
- AddressMoved to Amagerfælledvej 106, 2300 København S
- AccountsAnnual report for 2022 published
20223 changesaccounts 1 · address 1 · industry 1
- AccountsAnnual report for 2021 published
- AddressMoved to Amagerfælledvej 106, 2300 København S
- IndustryIndustry changed to Publishing of computer games (582100)
20212 changesaccounts 1 · address 1
- AccountsAnnual report for 2020 published
- AddressMoved to Danneskiold-Samsøes Allé 41, 1434 København K
20204 changesmanagement 4
- ManagementErik Bakstad appointed director
- ManagementErik Bakstad appointed chair of the board
- ManagementMagnus Valmot stepped down as director
- ManagementBård Bognøy appointed director
20192 changesaddress 2
- AddressMoved to Danneskiold-Samsøes Allé 41, 1434 København K
- AddressMoved to Danneskiold-Samsøes Allé 41, 1434 København K
20184 changesaddress 1 · founded 1 · management 1 · ownership 1
- AddressMoved to Danneskiold-Samsøes Allé 41, 1434 København K
- FoundedRegistered as Ardoq Denmark ApS
- ManagementMagnus Valmot appointed director
- OwnershipArdoq AS registered as owner (100%)
Related companies
Same industry in København
- Simcorp A/S634 employees
- Visma e-conomic A/S456 employees
- PowerMatch ApS333 employees
- Sap Danmark A/S266 employees
- Better Collective A/S152 employees
- Planday A/S150 employees
Largest in the industry
- Milestone Systems A/SDKK 2bn
- Visma e-conomic A/SDKK 880.2m
- Google Denmark ApSDKK 382m
- Continia Software A/SDKK 309.6m
- Boyum IT Solutions A/SDKK 208.2m
- Capture One A/SDKK 164.4m
Source and updates
The information comes from the Danish Central Business Register (Danish Business Authority) and from annual reports filed with the Danish Business Authority. Last synchronised 24/10/2026. The company is protected against advertising; contact details are not shown, and the data must not be used for marketing.