Associated Management Services A/S

Public limited companyCVR 73684919Rungsted KystActive

Associated Management Services A/S is a public limited company, based in Rungsted Kyst, active in financial holding companies, founded in 1985. Net profit fell 61% from 2024 to 2025, ending at DKK 2.2m.

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Key figures · financial year 2025

Gross profit−DKK 209k+34.6% vs. 2024

Net profitDKK 2.2m−60.7% vs. 2024

EquityDKK 78.7m+1.5% vs. 2024

Employees2latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

Net profit fell 61% (2024 → 2025), to DKK 2.2m.
Equity rose 1% (2024 → 2025), to DKK 78.7m.

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 thousand

Equity and net profit

EquityNet profit

Financial figures for Associated Management Services A/S
	2020	2021	2022	2023	2024	2025	Change
Revenue	not stated	not stated	not stated	not stated	not stated	not stated	–
Gross profit	−325	−296	−374	−283	−320	−209	+34.6%
Operating profit (EBIT)	–	−1,413	−1,486	−1,294	−1,291	−1,204	+6.7%
Profit before tax	1,928	14,014	−1,788	5,887	6,779	2,645	−61%
Net profit	1,603	11,267	−1,255	4,587	5,482	2,154	−60.7%
Total assets	66,826	77,154	75,469	74,304	78,929	82,779	+4.9%
Equity	58,955	70,109	68,740	73,209	77,569	78,722	+1.5%
Liabilities	7,807	7,026	6,729	1,089	1,347	4,013	+198%
Cash and cash equivalents	156	125	79	177	987	152	−84.6%
Average number of employees	2	2	2	2	2	2	0%

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

Compare with the industry (191 companies)

Gross profitMedian, the industry (191 companies)

Annual reports

6 financial years

Annual reports for Associated Management Services A/S
Financial year	Period	Published	Figures for	Documents
2025	01/01/2025 – 31/12/2025	10/05/2026	The company	PDF not statedXBRL
2024	01/01/2024 – 31/12/2024	11/05/2025	The company	PDF XBRL
2023	01/01/2023 – 31/12/2023	04/06/2024	The company	PDF XBRL
2022	01/01/2022 – 31/12/2022	25/06/2023	The company	PDF XBRL
2021	01/01/2021 – 31/12/2021	07/06/2022	The company	PDF XBRL
2020	01/01/2020 – 31/12/2020	25/04/2021	The company	PDF XBRL

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 CVR

Employees

Position in the industry

191 companies in the database

Comparison with the other companies in financial holding companies based on the latest financial year.

Gross profit−DKK 209kNo. 152 of 188

Better than 19% of the companies in the industry

EquityDKK 78.7mNo. 41 of 191

Better than 79% of the companies in the industry

Number of employees2No. 25 of 191

Better than 87% of the companies in the industry

Industry median: gross profit −DKK 59,467, net profit DKK 344k, equity DKK 21.3m, 1 employees.

Distribution of gross profit for 56 companies in the industry (latest financial year, logarithmic scale). Amber bar: where this company sits.

Compared with similar companies

size, age and company form

Rank among similar companies
Group	Gross profit	Equity
Companies with fewer than 20 employees69,967 companies in the comparison	No. 66,967of 69,742 Better than 4%	No. 2,192of 69,964 Better than 97%
Same industry and fewer than 20 employees189 companies in the comparison	No. 152of 187 Better than 19%	No. 39of 189 Better than 80%
Companies that are at least 30 years old10,276 companies in the comparison	No. 9,833of 10,152 Better than 3%	No. 1,489of 10,275 Better than 86%
All companies of type A/S18,025 companies in the comparison	No. 17,020of 17,786 Better than 4%	No. 2,676of 18,024 Better than 85%

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

Financial holding companies

Gross profit

Associated Management Services A/S−DKK 209k
Newcap Holding A/SDKK 11.9bn
PC Offshore ApSDKK 315.2m

Net profit

Associated Management Services A/SDKK 2.2m
Newcap Holding A/SDKK 5bn
PC Offshore ApSDKK 159.8m

Equity

Associated Management Services A/SDKK 78.7m
Newcap Holding A/SDKK 25.7bn
PC Offshore ApSDKK 606.8m

Employees

Associated Management Services A/S2
Newcap Holding A/S4
PC Offshore ApS3

Latest financial year per company. Choose up to three companies from the largest in the industry.

Owners and group

from the Public Ownership Register

Owners

Marianne Tess Hougaard50%
Søren Hougaard50%

Associated Management Services A/S

Subsidiaries and ownership shares

Knowledge Cube A/S10%

Subsidiaries are shown only if they are in the database.

Management

4 active registrations

Executive management

Executive management at Associated Management Services A/S
Name	Role	Appointed
Søren Hougaard	Director	25/07/1994

Board of directors

Board of directors at Associated Management Services A/S
Name	Role	Appointed
Marianne Tess Hougaard	Board member	29/01/1985
Søren Hougaard	Board member	29/01/1985
Lars Hougaard	Board member	01/02/1998

Auditor: Beierholm Godkendt Revisionspartnerselskab

Former management (3)

Former management at Associated Management Services A/S
Name	Role	Appointed	Resigned
Henrik Hougaard	Board member	29/01/1985	23/07/1993
Philip Baruch	Board member	29/01/1985	01/02/1998
Marianne Tess Hougaard	Director	29/01/1985	25/07/1994

Signing rule: Selskabet tegnes af en direktør eller af den samlede bestyrelse

Address and production units

1 active production units

Løvvænget 3
2960 Rungsted Kyst

Hørsholm Municipality · Postcode 2960

Production units
Production unit	Address	Industry	Employees	P number
ASSOCIATED MANAGEMENT SERVICES A/S	Løvvænget 3, 2960 Rungsted Kyst	Financial holding companies	2	1002409672

Purpose

Selskabets formål er at drive service-, udviklings-, investerings- og rådgivningsvirksomhed.

The purpose is quoted from the register in Danish.

Changes year by year

27 registered events

02015

02016

02017

02018

02019

02020

12021

12022

12023

12024

12025

12026

20261 changeaccounts 1

10/05AccountsAnnual report for 2025 published

20251 changeaccounts 1

11/05AccountsAnnual report for 2024 published

20241 changeaccounts 1

04/06AccountsAnnual report for 2023 published

20231 changeaccounts 1

25/06AccountsAnnual report for 2022 published

20221 changeaccounts 1

07/06AccountsAnnual report for 2021 published

20211 changeaccounts 1

25/04AccountsAnnual report for 2020 published

20081 changeindustry 1

01/01IndustryIndustry changed to Finansielle holdingselskaber (642010)

20071 changeindustry 1

01/01IndustryIndustry changed to Ventureselskaber (652325)

19982 changesmanagement 2

01/02ManagementLars Hougaard appointed board member
01/02ManagementPhilip Baruch stepped down as board member

19961 changecapital 1

30/12CapitalShare capital changed from 300,000 DKK to 500,000 DKK

19942 changesmanagement 2

25/07ManagementSøren Hougaard appointed director
25/07ManagementMarianne Tess Hougaard stepped down as director

19931 changemanagement 1

23/07ManagementHenrik Hougaard stepped down as board member

19871 changecapital 1

30/08CapitalShare capital changed from 220,000 DKK to 300,000 DKK

198511 changesfounded 1 · management 5 · ownership 5

29/01FoundedRegistered as ASSOCIATED MANAGEMENT SERVICES A/S
29/01ManagementMarianne Tess Hougaard appointed director
29/01ManagementHenrik Hougaard appointed board member
29/01ManagementSøren Hougaard appointed board member
29/01ManagementMarianne Tess Hougaard appointed board member
29/01ManagementPhilip Baruch appointed board member
29/01OwnershipMarianne Tess Hougaard registered as owner (50%)
29/01OwnershipSøren Hougaard registered as owner (50%)
28/01OwnershipMarianne Tess Hougaard is no longer registered as owner
28/01OwnershipSøren Hougaard is no longer registered as owner
01/01OwnershipMarianne Tess Hougaard registered as owner (50%)

00851 changeownership 1

03/01OwnershipSøren Hougaard registered as owner (50%)

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Same industry in Hørsholm

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Same people in management

Jyske Bank A/Svia Philip Baruch
TDC Net A/Svia Lars Hougaard
Textilia Group A/Svia Henrik Hougaard
Deif A/Svia Henrik Hougaard
Samson Agro A/Svia Henrik Hougaard
RSM Danmark Statsautoriseret Revisionspartnerselskabvia Arne Frederik Nabe Poulsen

Largest in the industry

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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.

View in CVR Report a correction