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Betadwarf ApS

Private limited companyCVR 34729077København NActive

Betadwarf ApS is a private limited company, based in København N, active in publishing of computer games, founded in 2012. The company went from a profit in 2024 to a loss of DKK 2.4m in 2025. With 21 employees, the company is about 7 times larger than the industry median. Equity grew to DKK 97.6m in 2025.

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Key figures · financial year 2025

Gross profitDKK 6m−74% vs. 2024
Net profit−DKK 2.4m−162.7% vs. 2024
EquityDKK 97.6m+65.7% vs. 2024
Employees21latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Gross profit fell 74% (2024 → 2025), to DKK 6m.
  • Net profit went from a profit of DKK 3.8m to a loss of DKK 2.4m (2024 → 2025).
  • Equity rose 66% (2024 → 2025), to DKK 97.6m.

Employees

  • 1 more employees than a year earlier: 21 (08/2026) against 20 (08/2025).

Management and owners, last 24 months

  • New in management: Hideaki Uehara (board member, 20/06/2025).
  • New owners registered: StickyMoose Holding ApS (26/03/2025), LVP Seed Fund II, L.P. (26/03/2025) and Makers Fund LP (26/03/2025) (+1).
  • No longer registered as owner: StickyMoose Holding ApS (25/03/2025), Makers Fund LP (25/03/2025) and LVP Seed Fund II, L.P. (25/03/2025).

Registrations, last 24 months

  • 26/03/2025: Share capital changed from 147,133 DKK to 187,143 DKK
  • 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 thousand

Equity and net profit

−DKK 20mDKK 0DKK 20mDKK 40mDKK 60mDKK 80mDKK 100m202020212022202320242025
EquityNet profit
Financial figures for Betadwarf ApS
202020212022202320242025Change
Revenuenot statednot statednot statednot statednot statednot stated–
Gross profit10,2184,2392,35612,97823,2096,045−74%
Operating profit (EBIT)1,508−263–––––
Profit before tax758−436−12,0837,6705,022−5,399−207.5%
Net profit592407−11,8207,6703,835−2,405−162.7%
Total assets62,33162,23848,83456,06860,75598,462+62.1%
Equity59,90759,88047,83455,27558,87497,573+65.7%
Liabilities1,3182,0951,001793693882+27.2%
Cash and cash equivalents30,74222,5204,48519,98021,04546,125+119.2%
Average number of employees172735352921−27.6%

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 5mDKK 10mDKK 15mDKK 20mDKK 25m202020212022202320242025
Gross profitMedian, the industry (74 companies)

Signals from the financial statements

calculated from the 2025 figures

  • Fewer employees

    The number of employees fell 28% from 29 in 2024 to 21 in 2025.

    How is this calculated?

    The number of employees according to the annual report has fallen by at least 25%, and was at least 10 the year before.

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 Betadwarf ApS
Financial yearPeriodPublishedFigures forDocuments
202501/05/2024 – 30/04/202528/10/2025The companyPDF not statedXBRL
202401/05/2023 – 30/04/202428/10/2024The companyPDFXBRL
202301/05/2022 – 30/04/202306/11/2023The companyPDFXBRL
202201/05/2021 – 30/04/202213/10/2022The companyPDFXBRL
202101/05/2020 – 30/04/202114/10/2021The companyPDFXBRL
202001/05/2019 – 30/04/202002/11/2020The 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
05101520253009/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/2608/26
Employees

Position in the industry

74 companies in the database

Comparison with the other companies in publishing of computer games based on the latest financial year.

Gross profitDKK 6mNo. 21 of 74
Better than 73% of the companies in the industry
EquityDKK 97.6mNo. 5 of 74
Better than 95% of the companies in the industry
Number of employees21No. 14 of 74
Better than 82% of the companies in the industry

Industry median: gross profit DKK 1.4m, net profit −DKK 15,246, equity DKK 416k, 3 employees.

DKK 100kDKK 828kDKK 6.9mDKK 56.7mDKK 232.1mHere
Distribution of gross profit for 58 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 20–49 employees9,922 companies in the comparison
No. 7,223of 9,892
Better than 27%
No. 356of 9,922
Better than 96%
Companies that are between 5 and 14 years old33,688 companies in the comparison
No. 7,283of 33,588
Better than 78%
No. 704of 33,687
Better than 98%
All companies of type ApS66,508 companies in the comparison
No. 11,258of 66,379
Better than 83%
No. 1,152of 66,505
Better than 98%

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

Publishing of computer games
Gross profit
  1. Betadwarf ApSDKK 6m
  2. Io Interactive A/SDKK 469.5m
  3. Sybo ApSDKK 367.5m
Net profit
  1. Betadwarf ApS−DKK 2.4m
  2. Io Interactive A/SDKK 143.4m
  3. Sybo ApSDKK 137.2m
Equity
  1. Betadwarf ApSDKK 97.6m
  2. Io Interactive A/SDKK 809.3m
  3. Sybo ApSDKK 178.2m
Employees
  1. Betadwarf ApS21
  2. Io Interactive A/S192
  3. Sybo ApS108

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
  • StickyMoose Holding ApS33.33%
  • LVP Seed Fund II, L.P.15%
  • Makers Fund LP15%
  • Square Enix Holdings Co., ltd.20%
Betadwarf ApS

Management

7 active registrations

Executive management

Executive management at Betadwarf ApS
NameRoleAppointed
Steffen Bischoff KabbelgaardDirector01/11/2012
Kenneth HarderDirector01/11/2012

Board of directors

Board of directors at Betadwarf ApS
NameRoleAppointed
Steffen Bischoff KabbelgaardBoard member02/03/2018
Kenneth HarderChair of the board02/03/2018
Are Mack GrowenBoard member02/03/2018
Michael CheungBoard member27/08/2019
Hideaki UeharaBoard member20/06/2025
Founders
Steffen Bischoff Kabbelgaard, Kenneth Harder

Signing rule: Selskabet tegnes af en direktør i forening med bestyrelsesformanden, af en direktør i forening med to bestyrelsesmedlemmer, eller af den samlede bestyrelse.

Address and production units

1 active production units

Nannasgade 28
2200 København N

København Municipality · Postcode 2200

Other companies at the address (8)

Production units
Production unitAddressEmployeesP number
BETADWARF ApSNannasgade 28, 2200 København N211018037617

Purpose

Selskabets formål er udvikling og salg af computerspil samt enhver i forbindelse hermed stående virksomhed.

The purpose is quoted from the register in Danish.

Changes year by year

49 registered events
202511 changesaccounts 1 · management 1 · capital 1 · ownership 7 · industry 1
  • Annual report for 2025 published
  • Hideaki Uehara appointed board member
  • Share capital changed from 147,133 DKK to 187,143 DKK
  • Square Enix Holdings Co., ltd. registered as owner (20%)
  • Makers Fund LP registered as owner (15%)
  • LVP Seed Fund II, L.P. registered as owner (15%)
  • StickyMoose Holding ApS registered as owner (33.33%)
  • LVP Seed Fund II, L.P. is no longer registered as owner
  • StickyMoose Holding ApS is no longer registered as owner
  • Makers Fund LP is no longer registered as owner
  • Industry changed to Publishing of computer games (582100)
20244 changesaccounts 1 · address 2 · industry 1
  • Annual report for 2024 published
  • Moved to Nannasgade 28, 2200 København N
  • Moved to Nannasgade 28, 2200 København N
  • Industry changed to Publishing of computer games (582100)
20231 changeaccounts 1
  • Annual report for 2023 published
20221 changeaccounts 1
  • Annual report for 2022 published
20214 changesaccounts 1 · capital 1 · ownership 2
  • Annual report for 2021 published
  • Share capital changed from 143,792 DKK to 147,133 DKK
  • LVP Seed Fund II, L.P. registered as owner (20%)
  • LVP Seed Fund II, L.P. is no longer registered as owner
20201 changeaccounts 1
  • Annual report for 2020 published
20198 changescapital 1 · management 1 · ownership 5 · address 1
  • Share capital changed from 99,648 DKK to 143,792 DKK
  • Michael Cheung appointed board member
  • LVP Seed Fund II, L.P. registered as owner (20%)
  • StickyMoose Holding ApS registered as owner (50%)
  • Makers Fund LP registered as owner (20%)
  • LVP Seed Fund II, L.P. is no longer registered as owner
  • StickyMoose Holding ApS is no longer registered as owner
  • Moved to Hejrevej 37, 1, 2400 København NV
20187 changescapital 1 · management 3 · ownership 3
  • Share capital changed from 80,000 DKK to 99,648 DKK
  • Are Mack Growen appointed board member
  • Kenneth Harder appointed chair of the board
  • Steffen Bischoff Kabbelgaard appointed board member
  • LVP Seed Fund II, L.P. registered as owner (15%)
  • StickyMoose Holding ApS registered as owner (66.67%)
  • StickyMoose Holding ApS is no longer registered as owner
20174 changesownership 3 · address 1
  • StickyMoose Holding ApS registered as owner (100%)
  • Steffen Bischoff Kabbelgaard is no longer registered as owner
  • Kenneth Harder is no longer registered as owner
  • Moved to Rentemestervej 80, 2400 København NV
20141 changeindustry 1
  • Industry changed to Computerprogrammering (620100)
20131 changeaddress 1
  • Moved to Rentemestervej 80, 2400 København NV
20126 changesindustry 1 · founded 1 · management 2 · ownership 2
  • Industry changed to Publishing of computer games (582100)
  • Registered as BETADWARF ApS
  • Steffen Bischoff Kabbelgaard appointed director
  • Kenneth Harder appointed director
  • Steffen Bischoff Kabbelgaard registered as owner (50%)
  • Kenneth Harder registered as owner (33.33%)

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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. The company is protected against advertising; contact details are not shown, and the data must not be used for marketing.

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