Bifrost Communications ApS

Private limited companyCVR 38748211Kongens LyngbyActive

Bifrost Communications ApS is a private limited company, based in Kongens Lyngby, active in research and experimental development on natural sciences and engineering, founded in 2017. The company made a loss in both 2024 and 2025, most recently DKK 13.8m. Equity grew to DKK 20.5m in 2025. 8 other companies in the database are registered at the same address.

PDF report Compare

Key figures · financial year 2025

Gross profit−DKK 8.8m−148.1% vs. 2024

Net profit−DKK 13.8m−44.2% vs. 2024

EquityDKK 20.5m+22.5% vs. 2024

Employees9latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

The loss grew: from DKK 9.6m to DKK 13.8m (2024 → 2025).
Equity rose 22% (2024 → 2025), to DKK 20.5m.

Employees

1 fewer employees than a year earlier: 9 (07/2026) against 10 (07/2025).

Management and owners, last 24 months

New owners registered: Asen-pi K/S (07/11/2024), SG Capital IV II ApS (08/12/2025) and EIC Fund (08/12/2025) (+2).
No longer registered as owner: EIC Fund (06/11/2024), SG Capital IV II ApS (07/12/2025) and EIC Fund (07/12/2025).

Registrations, last 24 months

08/12/2025: Share capital changed from 147,943 DKK to 178,320 DKK
01/01/2025: Industry changed to Research and experimental development on natural sciences and engineering (721000)
07/11/2024: Share capital changed from 135,369 DKK to 147,943 DKK

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 Bifrost Communications ApS
	2020	2021	2022	2023	2024	2025	Change
Revenue	not stated	not stated	not stated	not stated	not stated	not stated	–
Gross profit	−499	−1,624	−1,442	−2,357	−3,527	−8,751	−148.1%
Operating profit (EBIT)	–	−6,325	−6,799	−8,150	−11,788	−17,438	−47.9%
Profit before tax	−4,807	−6,892	−7,546	−9,031	−12,285	−17,644	−43.6%
Net profit	−3,817	−5,342	−5,866	−7,009	−9,551	−13,771	−44.2%
Total assets	11,519	13,824	7,932	8,466	28,380	26,974	−5%
Equity	3,520	3,979	−1,888	−8,897	16,718	20,477	+22.5%
Liabilities	7,999	9,846	9,820	17,363	11,662	6,497	−44.3%
Cash and cash equivalents	8,908	10,185	4,678	2,011	23,520	18,825	−20%
Average number of employees	6	8	8	8	10	10	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 (431 companies)

Gross profitMedian, the industry (431 companies)

Signals from the financial statements

calculated from the 2025 figures

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

Annual reports for Bifrost Communications ApS
Financial year	Period	Published	Figures for	Documents
2025	01/01/2025 – 31/12/2025	29/05/2026	The company	PDF not statedXBRL
2024	01/01/2024 – 31/12/2024	29/05/2025	The company	PDF XBRL
2023	01/01/2023 – 31/12/2023	19/06/2024	The company	PDF XBRL
2022	01/01/2022 – 31/12/2022	08/06/2023	The company	PDF XBRL
2021	01/01/2021 – 31/12/2021	28/03/2022	The company	PDF XBRL
2020	01/01/2020 – 31/12/2020	25/03/2021	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

431 companies in the database

Comparison with the other companies in research and experimental development on natural sciences and engineering based on the latest financial year.

Gross profit−DKK 8.8mNo. 387 of 421

Better than 8% of the companies in the industry

EquityDKK 20.5mNo. 103 of 431

Better than 76% of the companies in the industry

Number of employees9No. 142 of 431

Better than 67% of the companies in the industry

Industry median: gross profit DKK 616k, net profit −DKK 892k, equity DKK 2m, 5 employees.

Distribution of gross profit for 250 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. 69,628of 69,742 Better than 0%	No. 5,701of 69,964 Better than 92%
Same industry and fewer than 20 employees329 companies in the comparison	No. 304of 323 Better than 6%	No. 39of 329 Better than 88%
Companies that are between 5 and 14 years old33,688 companies in the comparison	No. 33,494of 33,588 Better than 0%	No. 2,271of 33,687 Better than 93%
All companies of type ApS66,508 companies in the comparison	No. 66,276of 66,379 Better than 0%	No. 4,172of 66,505 Better than 94%

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

Research and experimental development on natural sciences and engineering

Gross profit

Bifrost Communications ApS−DKK 8.8m
Carlsberg A/SDKK 40.2bn
Zealand Pharma A/SDKK 9.2bn

Net profit

Bifrost Communications ApS−DKK 13.8m
Carlsberg A/SDKK 7bn
Zealand Pharma A/SDKK 6.5bn

Equity

Bifrost Communications ApSDKK 20.5m
Carlsberg A/SDKK 30.7bn
Zealand Pharma A/SDKK 14.8bn

Employees

Bifrost Communications ApS9
Carlsberg A/S107
Zealand Pharma A/S569

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

Bifrost Communications Holding ApS50%
Asen-pi K/S5%
SG Capital IV II ApS10%
EIC Fund15%

Bifrost Communications ApS

Management

7 active registrations

Executive management

Executive management at Bifrost Communications ApS
Name	Role	Appointed
Jesper Bevensee Jensen	Director	23/06/2017
Bo Pedersen	CEO	01/01/2018

Board of directors

Board of directors at Bifrost Communications ApS
Name	Role	Appointed
Basil Garabet	Board member	15/12/2017
Per Eld Ibsen	Chair of the board	01/12/2022
Jonas Søholt Grundtvig	Board member	21/08/2023
Jesper Hart-Hansen	Board member	03/05/2024
Anders Terkildsen	Board member	03/05/2024

Auditor: Beierholm Godkendt Revisionspartnerselskab
Founders: Bifrost Communications Holding ApS

Former management (6)

Former management at Bifrost Communications ApS
Name	Role	Appointed	Resigned
Bo Pedersen	Director	23/06/2017	31/12/2017
Morten Johansen	Board member	15/12/2017	01/12/2022
Lene Gerlach	Chair of the board	15/12/2017	15/11/2018
Søren Bøgesgaard Niebuhr	Chair of the board	15/11/2018	01/12/2022
Per Eld Ibsen	Board member	22/06/2020	30/11/2022
Jesper Bevensee Jensen	Board member	01/12/2022	21/08/2023

Signing rule: Selskabet tegnes af bestyrelsens formand i forening med den adm. direktør eller af den samlede bestyrelse.

Address and production units

1 active production units

Diplomvej 381
2800 Kongens Lyngby

Lyngby-Taarbæk Municipality · Postcode 2800

Other companies at the address (8)

Phanofi ApSOther telecommunications activities
Profitmetrics ApSComputer programming activities
Fluidan A/SManufacture of instruments and appliances for measuring, testing and navigation
Odeon A/SEngineering consultancy in construction and civil engineering
Ebrand ApSOther distribution of media content

Production units
Production unit	Address	Industry	Employees	P number
Bifrost Communications ApS	Diplomvej 381, 2800 Kongens Lyngby	Research and experimental development on natural sciences and engineering	11	1022583111

Purpose

Selskabets formål er kommercialisering og udvikling af teknologi, samt al virksomhed som efter bestyrelsens skøn er beslægtet hermed.

The purpose is quoted from the register in Danish.

Changes year by year

57 registered events

92017

82018

02019

52020

22021

92022

32023

132024

72025

12026

20261 changeaccounts 1

29/05AccountsAnnual report for 2025 published

20257 changescapital 1 · ownership 4 · accounts 1 · industry 1

08/12CapitalShare capital changed from 147,943 DKK to 178,320 DKK
08/12OwnershipSG Capital IV II ApS registered as owner (10%)
08/12OwnershipEIC Fund registered as owner (15%)
07/12OwnershipSG Capital IV II ApS is no longer registered as owner
07/12OwnershipEIC Fund is no longer registered as owner
29/05AccountsAnnual report for 2024 published
01/01IndustryIndustry changed to Research and experimental development on natural sciences and engineering (721000)

202413 changescapital 3 · ownership 7 · accounts 1 · management 2

07/11CapitalShare capital changed from 135,369 DKK to 147,943 DKK
07/11OwnershipSG Capital IV II ApS registered as owner (5%)
07/11OwnershipEIC Fund registered as owner (10%)
07/11OwnershipASEN-PI K/S registered as owner (5%)
06/11OwnershipEIC Fund is no longer registered as owner
19/06AccountsAnnual report for 2023 published
03/05CapitalShare capital changed from 93,779 DKK to 135,369 DKK
03/05ManagementJesper Hart-Hansen appointed board member
03/05ManagementAnders Terkildsen appointed board member
03/05OwnershipBIFROST COMMUNICATIONS HOLDING ApS registered as owner (50%)
03/05OwnershipEIC Fund registered as owner (15%)
02/05OwnershipBIFROST COMMUNICATIONS HOLDING ApS is no longer registered as owner
26/01CapitalShare capital changed from 87,003 DKK to 93,779 DKK

20233 changesmanagement 2 · accounts 1

21/08ManagementJonas Søholt Grundtvig appointed board member
21/08ManagementJesper Bevensee Jensen stepped down as board member
08/06AccountsAnnual report for 2022 published

20229 changesmanagement 5 · ownership 3 · accounts 1

01/12ManagementPer Eld Ibsen appointed chair of the board
01/12ManagementJesper Bevensee Jensen appointed board member
01/12ManagementSøren Bøgesgaard Niebuhr stepped down as chair of the board
01/12ManagementMorten Johansen stepped down as board member
01/12OwnershipBIFROST COMMUNICATIONS HOLDING ApS registered as owner (100%)
01/12OwnershipUddannelses- og Forskningsstyrelsen is no longer registered as owner
30/11ManagementPer Eld Ibsen stepped down as board member
30/11OwnershipBIFROST COMMUNICATIONS HOLDING ApS is no longer registered as owner
28/03AccountsAnnual report for 2021 published

20212 changescapital 1 · accounts 1

10/11CapitalShare capital changed from 77,446 DKK to 87,003 DKK
25/03AccountsAnnual report for 2020 published

20205 changescapital 2 · management 1 · ownership 2

29/06CapitalShare capital changed from 75,798 DKK to 77,446 DKK
22/06ManagementPer Eld Ibsen appointed board member
21/02CapitalShare capital changed from 65,911 DKK to 75,798 DKK
21/02OwnershipUddannelses- og Forskningsstyrelsen registered as owner (5%)
20/02OwnershipUddannelses- og Forskningsstyrelsen is no longer registered as owner

20188 changesmanagement 3 · address 1 · capital 2 · ownership 2

15/11ManagementSøren Bøgesgaard Niebuhr appointed chair of the board
15/11ManagementLene Gerlach stepped down as chair of the board
23/08AddressMoved to Diplomvej 381, 2800 Kongens Lyngby
14/02CapitalShare capital changed from 61,365 DKK to 65,911 DKK
01/01CapitalShare capital changed from 50,000 DKK to 61,365 DKK
01/01ManagementBo Pedersen appointed ceo
01/01OwnershipBIFROST COMMUNICATIONS HOLDING ApS registered as owner (66.67%)
01/01OwnershipUddannelses- og Forskningsstyrelsen registered as owner (10%)

20179 changesmanagement 6 · ownership 2 · founded 1

31/12ManagementBo Pedersen stepped down as director
31/12OwnershipBIFROST COMMUNICATIONS HOLDING ApS is no longer registered as owner
15/12ManagementLene Gerlach appointed chair of the board
15/12ManagementMorten Johansen appointed board member
15/12ManagementBasil Garabet appointed board member
23/06FoundedRegistered as Bifrost Communications ApS
23/06ManagementJesper Bevensee Jensen appointed director
23/06ManagementBo Pedersen appointed director
23/06OwnershipBIFROST COMMUNICATIONS HOLDING ApS registered as owner (100%)

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Same people in management

Dalux ApSvia Jesper Hart-Hansen
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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.

View in CVR Report a correction