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balticfinance Danmark A/S

Public limited companyCVR 27959954København VActive

balticfinance Danmark A/S is a public limited company, based in København V, active in activities of insurance agents and brokers, founded in 2004. Net profit rose 93% from 2024 to 2025, ending at DKK 53.5m. Measured by gross profit, it ranks no. 4 of 140 companies in the industry in the database. With 84 employees, the company is about 28 times larger than the industry median.

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Key figures · financial year 2025

Gross profitDKK 131.5m+38.6% vs. 2024
Net profitDKK 53.5m+92.5% vs. 2024
EquityDKK 169.1m+46.1% vs. 2024
Employees84latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Gross profit rose 39% (2024 → 2025), to DKK 131.5m.
  • Net profit rose 93% (2024 → 2025), to DKK 53.5m.
  • Equity rose 46% (2024 → 2025), to DKK 169.1m.

Employees

  • 21 more employees than a year earlier: 84 (08/2026) against 63 (08/2025).

Management and owners, last 24 months

  • Stepped down: Dennis Tveen Knudsen (board member, 07/02/2025).
  • New owners registered: Wecoya Denmark Underwriting ApS (06/10/2025).
  • No longer registered as owner: balticfinance Holding ApS (06/10/2025).

Registrations, last 24 months

  • 09/07/2026: Merger registered in CVR
  • 09/07/2026: Share capital changed from 500,000 DKK to 501,000 DKK
  • 06/10/2025: Merger registered in CVR
  • 16/06/2025: Moved to Lagergade 11, 2, 1799 København V
  • 29/04/2025: Industry changed to Activities of insurance agents and brokers (662200)
  • 01/04/2025: Merger registered in CVR

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

DKK 0DKK 20mDKK 40mDKK 60mDKK 80mDKK 100mDKK 120mDKK 140mDKK 160m202020212022202320242025
EquityNet profit
Financial figures for balticfinance Danmark A/S
202020212022202320242025Change
Revenuenot statednot statednot statednot statednot statednot stated–
Gross profit9,86244,79951,54978,36894,823131,459+38.6%
Operating profit (EBIT)8,87539,93841,43361,77656,34279,054+40.3%
Profit before tax6,89241,12544,07362,95941,95173,927+76.2%
Net profit4,91832,33734,73149,07227,80353,525+92.5%
Total assets22,21045,004123,380217,853334,399373,711+11.8%
Equity16,76031,89746,62756,118115,762169,105+46.1%
Liabilities4,33712,71776,305161,735218,637204,606−6.4%
Cash and cash equivalents6,91927,2187,54773,31794,062103,089+9.6%
Average number of employees222173655+52.8%

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

DKK 0DKK 20mDKK 40mDKK 60mDKK 80mDKK 100mDKK 120mDKK 140m202020212022202320242025
Gross profitMedian, the industry (142 companies)

Signals from the financial statements

calculated from the 2025 figures

  • Profit for five years in a row

    Net result has been positive in 2021–2025.

    How is this calculated?

    Net result is positive in the five 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
Annual reports for balticfinance Danmark A/S
Financial yearPeriodPublishedFigures forDocuments
202501/01/2025 – 31/12/202519/06/2026The companyPDF not statedXBRL
202401/10/2023 – 31/12/202426/06/2025The companyPDFXBRL
202301/10/2022 – 30/09/202301/03/2024The companyPDFXBRL
202201/10/2021 – 30/09/202209/03/2023The companyPDFXBRL
202101/10/2020 – 30/09/202104/01/2022The companyPDFXBRL
202001/10/2019 – 30/09/202022/12/2020The companyPDFXBRL

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
02040608009/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/2608/26
Employees

Position in the industry

142 companies in the database

Comparison with the other companies in activities of insurance agents and brokers based on the latest financial year.

Gross profitDKK 131.5mNo. 4 of 140
Better than 98% of the companies in the industry
EquityDKK 169.1mNo. 1 of 142
Better than 100% of the companies in the industry
Number of employees84No. 5 of 142
Better than 97% of the companies in the industry

Industry median: gross profit DKK 3.8m, net profit DKK 489k, equity DKK 1.4m, 3 employees.

DKK 100kDKK 667kDKK 4.5mDKK 29.7mDKK 105.3mHere
Distribution of gross profit for 127 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
GroupGross profitEquity
Companies with 50–199 employees4,467 companies in the comparison
No. 396of 4,412
Better than 91%
No. 413of 4,466
Better than 91%
Same industry and 50–199 employees13 companies in the comparison
No. 4of 11
Better than 70%
No. 1of 13
Better than 100%
Companies that are between 15 and 29 years old24,910 companies in the comparison
No. 534of 24,791
Better than 98%
No. 906of 24,909
Better than 96%
All companies of type A/S18,025 companies in the comparison
No. 1,203of 17,786
Better than 93%
No. 1,617of 18,024
Better than 91%

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

Activities of insurance agents and brokers
Gross profit
  1. balticfinance Danmark A/SDKK 131.5m
  2. Aon Denmark A/SDKK 198.2m
  3. Marsh A/SDKK 191.6m
Net profit
  1. balticfinance Danmark A/SDKK 53.5m
  2. Aon Denmark A/SDKK 8.1m
  3. Marsh A/SDKK 80.1m
Equity
  1. balticfinance Danmark A/SDKK 169.1m
  2. Aon Denmark A/SDKK 120.6m
  3. Marsh A/SDKK 85.7m
Employees
  1. balticfinance Danmark A/S84
  2. Aon Denmark A/S162
  3. Marsh A/S142

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
  • Wecoya Denmark Underwriting ApS100%
balticfinance Danmark A/S
Subsidiaries and ownership shares

Subsidiaries are shown only if they are in the database.

Management

4 active registrations

Executive management

Executive management at balticfinance Danmark A/S
NameRoleAppointed
Peter BangsgaardCEO01/01/2021

Board of directors

Board of directors at balticfinance Danmark A/S
NameRoleAppointed
Christian KrützfeldtBoard member24/02/2015
Philipp BrodersenBoard member08/03/2018
Klaus-Dieter Hermann KrützfeldtChair of the board01/01/2021
Founders
Klaus-Dieter Hermann Krützfeldt
Former management (9)
Former management at balticfinance Danmark A/S
NameRoleAppointedResigned
Klaus-Dieter Hermann KrützfeldtDirector05/11/200401/01/2021
Søren Kjær OstersenBoard member26/10/201226/02/2014
Irene Henriette OestrichBoard member26/10/201215/04/2016
Angelica Cathrine LauritzenBoard member26/10/201215/04/2016
Grazyna Ewa PerkoBoard member26/10/201215/04/2016
Klaus-Dieter Hermann KrützfeldtChair of the board26/10/201214/12/2020
Brigitte KüchenthalBoard member26/10/201208/03/2018
Klaus-Dieter Hermann KrützfeldtBoard member15/12/202031/12/2020
Dennis Tveen KnudsenBoard member02/09/202207/02/2025

Signing rule: Selskabet tegnes af en direktør i fællesskab med et bestyrelsesmedlem eller af den samlede bestyrelse.

Address and production units

1 active production units

Lagergade 11
1799 København V

København Municipality · Postcode 1799

Production units
Production unitAddressEmployeesP number
balticfinance Danmark A/SLagergade 11, 2, 1799 København V841010925831

Purpose

Selskabets formål er at udvikle og markedsføre forsikringskoncepter overfor forsikringsmæglere og forsikringsagenter og drive anden hermed beslægtet virksomhed efter bestyrelsens beslutning.

The purpose is quoted from the register in Danish.

Changes year by year

59 registered events
20263 changescapital 1 · merger 1 · accounts 1
  • Share capital changed from 500,000 DKK to 501,000 DKK
  • Merger registered in CVR
  • Annual report for 2025 published
20259 changesownership 2 · merger 2 · accounts 1 · address 1 · industry 2 · management 1
  • WECOYA DENMARK UNDERWRITING ApS registered as owner (100%)
  • balticfinance Holding ApS is no longer registered as owner
  • Merger registered in CVR
  • Annual report for 2024 published
  • Moved to Lagergade 11, 2, 1799 København V
  • Industry changed to Activities of insurance agents and brokers (662200)
  • Merger registered in CVR
  • Dennis Tveen Knudsen stepped down as board member
  • Industry changed to Business and other management consultancy activities (702000)
20241 changeaccounts 1
  • Annual report for 2023 published
20231 changeaccounts 1
  • Annual report for 2022 published
20223 changesaddress 1 · management 1 · accounts 1
  • Moved to Dronning Olgas Vej 26A, st, 2000 Frederiksberg
  • Dennis Tveen Knudsen appointed board member
  • Annual report for 2021 published
20215 changesaddress 1 · ownership 1 · management 3
  • Moved to Bredgade 45C, 3, 1260 København K
  • NYKREDIT BANK A/S is no longer registered as owner
  • Klaus-Dieter Hermann Krützfeldt appointed chair of the board
  • Peter Bangsgaard appointed ceo
  • Klaus-Dieter Hermann Krützfeldt stepped down as director
20207 changesmanagement 3 · accounts 1 · name 2 · capital 1
  • Klaus-Dieter Hermann Krützfeldt stepped down as board member
  • Annual report for 2020 published
  • Name changed from balticfinance Danmark ApS to balticfinance Danmark A/S
  • Klaus-Dieter Hermann Krützfeldt appointed board member
  • Klaus-Dieter Hermann Krützfeldt stepped down as chair of the board
  • Name changed from BALTIC FINANCE DANMARK ApS to balticfinance Danmark ApS
  • Share capital changed from 125,000 DKK to 500,000 DKK
20191 changeaddress 1
  • Moved to Lejrvejen 8, Frøslev, 6330 Padborg
20183 changesaddress 1 · management 2
  • Moved to Industrivej 1, 6330 Padborg
  • Philipp Brodersen appointed board member
  • Brigitte Küchenthal stepped down as board member
20172 changesaddress 2
  • Moved to Industrivej 1, 6330 Padborg
  • Moved to Nygade 15, 6300 Gråsten
20165 changesaddress 1 · management 3 · ownership 1
  • Moved to Vesterballevej 5, Snoghøj, 7000 Fredericia
  • Irene Henriette Oestrich stepped down as board member
  • Angelica Cathrine Lauritzen stepped down as board member
  • Grazyna Ewa Perko stepped down as board member
  • NYKREDIT BANK A/S registered as owner (0%)
20151 changemanagement 1
  • Christian Krützfeldt appointed board member
20141 changemanagement 1
  • Søren Kjær Ostersen stepped down as board member
20131 changeaddress 1
  • Moved to Måløv Byvej 229G, 2760 Måløv
20127 changesaddress 1 · management 6
  • Moved to Åbrinken 9, 6900 Skjern
  • Brigitte Küchenthal appointed board member
  • Søren Kjær Ostersen appointed board member
  • Irene Henriette Oestrich appointed board member
  • Angelica Cathrine Lauritzen appointed board member
  • Grazyna Ewa Perko appointed board member
  • Klaus-Dieter Hermann Krützfeldt appointed chair of the board
20111 changeaddress 1
  • Moved to Nørregade 19, 1, 6100 Haderslev
20081 changeindustry 1
  • Industry changed to Virksomhedsrådgivning og anden rådgivning om driftsledelse (702200)
20071 changeaddress 1
  • Moved to Lejrvejen 4, Frøslev, 6330 Padborg
20061 changeindustry 1
  • Industry changed to Anden virksomhedsrådgivning (741490)
20053 changesname 1 · address 1 · ownership 1
  • Name changed from BALTIC CONCEPTS DENMARK ApS to BALTIC FINANCE DANMARK ApS
  • Moved to Lejrvejen 4, Frøslev, 6330 Padborg
  • balticfinance Holding ApS registered as owner (100%)
20042 changesfounded 1 · management 1
  • Registered as BALTIC CONCEPTS DENMARK ApS
  • Klaus-Dieter Hermann Krützfeldt appointed director

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Same people in management

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.

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