Biograil ApS

Private limited companyCVR 40666699RoskildeActive

Biograil ApS is a private limited company, based in Roskilde, active in research and experimental development on natural sciences and engineering, founded in 2019. The company made a loss in both 2024 and 2025, most recently DKK 22.4m. With 23 employees, the company is about 5 times larger than the industry median. Equity grew to DKK 102.2m in 2025.

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Key figures · financial year 2025

Gross profit−DKK 13.2m−373.9% vs. 2024
Net profit−DKK 22.4m−30.9% vs. 2024
EquityDKK 102.2m+444.3% vs. 2024
Employees23latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Gross profit fell 374% (2024 → 2025), to −DKK 13.2m.
  • The loss grew: from DKK 17.1m to DKK 22.4m (2024 → 2025).
  • Equity rose 444% (2024 → 2025), to DKK 102.2m.

Employees

  • 2 more employees than a year earlier: 23 (07/2026) against 21 (07/2025).

Management and owners, last 24 months

  • New in management: Karsten Lindhardt (board member, 30/06/2025), Steffen Wagner (board member, 30/06/2025) and Ulrik Schulze (board member, 15/12/2025) (+1).
  • Stepped down: Anke Cassing (board member, 30/06/2025).
  • New owners registered: High-Tech Gründer-fonds III GmbH & Co. KG (23/06/2025), Lindhardt Holdings ApS (15/12/2025) and MTI Biograil Invest A/S (15/12/2025) (+10).
  • No longer registered as owner: Hellerung ApS (30/12/2024), John Michael Barberich (31/12/2024) and High-Tech Gründer-fonds III GmbH & Co. KG (22/06/2025) (+11).

Registrations, last 24 months

  • 20/08/2026: Share capital changed from 492,114 DKK to 580,516 DKK
  • 15/12/2025: Share capital changed from 422,296 DKK to 492,114 DKK
  • 30/06/2025: Share capital changed from 415,084 DKK to 422,296 DKK
  • 23/06/2025: Share capital changed from 316,975 DKK to 415,084 DKK
  • 01/01/2025: Industry changed to Research and experimental development on natural sciences and engineering (721000)
  • 31/12/2024: Share capital changed from 276,524 DKK to 316,975 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

−DKK 40m−DKK 20mDKK 0DKK 20mDKK 40mDKK 60mDKK 80mDKK 100m202020212022202320242025
EquityNet profit
Financial figures for Biograil ApS
202020212022202320242025Change
Revenuenot statednot statednot statednot statednot statednot stated–
Gross profit−5,820−5,37326,318−16,7084,817−13,192−373.9%
Operating profit (EBIT)–−9,10916,475−33,509−18,057−36,775−103.7%
Profit before tax−8,804−9,17712,877−41,706−22,089−27,870−26.2%
Net profit−6,567−7,93212,877−34,799−17,084−22,367−30.9%
Total assets17,06033,05695,34776,18275,080108,837+45%
Equity16,06531,93944,81610,01818,779102,218+444.3%
Liabilities9961,11750,53266,16456,3006,619−88.2%
Cash and cash equivalents13,50625,18988,18559,68863,11588,385+40%
Average number of employees336141820+11.1%

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 20m−DKK 10mDKK 0DKK 10mDKK 20mDKK 30m202020212022202320242025
Gross profitMedian, the industry (431 companies)

Signals from the financial statements

calculated from the 2025 figures
  • Loss for 3 years in a row

    Net result has been negative in 2023–2025.

    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 Biograil ApS
Financial yearPeriodPublishedFigures forDocuments
202501/01/2025 – 31/12/202520/04/2026The companyPDF not statedXBRL
202401/01/2024 – 31/12/202411/06/2025The companyPDFXBRL
202301/01/2023 – 31/12/202324/06/2024The companyPDFXBRL
202201/01/2022 – 31/12/202204/07/2023The companyPDFXBRL
202101/01/2021 – 31/12/202101/07/2022The companyPDFXBRL
202017/07/2019 – 31/12/202002/06/2021The 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
051015202508/2309/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/26
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 13.2mNo. 399 of 421
Better than 5% of the companies in the industry
EquityDKK 102.2mNo. 34 of 431
Better than 92% of the companies in the industry
Number of employees23No. 91 of 431
Better than 79% of the companies in the industry

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

DKK 100kDKK 2.5mDKK 63.4mDKK 1.6bnDKK 13.7bn
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
GroupGross profitEquity
Companies with 20–49 employees9,922 companies in the comparison
No. 9,855of 9,892
Better than 0%
No. 339of 9,922
Better than 97%
Same industry and 20–49 employees64 companies in the comparison
No. 52of 62
Better than 16%
No. 13of 64
Better than 81%
Companies that are between 5 and 14 years old33,688 companies in the comparison
No. 33,529of 33,588
Better than 0%
No. 680of 33,687
Better than 98%
All companies of type ApS66,508 companies in the comparison
No. 66,310of 66,379
Better than 0%
No. 1,102of 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

Research and experimental development on natural sciences and engineering
Gross profit
  1. Biograil ApS−DKK 13.2m
  2. Carlsberg A/SDKK 40.2bn
  3. Zealand Pharma A/SDKK 9.2bn
Net profit
  1. Biograil ApS−DKK 22.4m
  2. Carlsberg A/SDKK 7bn
  3. Zealand Pharma A/SDKK 6.5bn
Equity
  1. Biograil ApSDKK 102.2m
  2. Carlsberg A/SDKK 30.7bn
  3. Zealand Pharma A/SDKK 14.8bn
Employees
  1. Biograil ApS23
  2. Carlsberg A/S107
  3. 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
  • High-Tech Gründer-fonds III GmbH & Co. KG5%
  • Lindhardt Holdings ApS5%
  • MTI Biograil Invest A/S15%
  • Eli Lilly and Company10%
  • Verve Capital Partners AG15%
  • HTGF Opportunity GmbH & Co. KG5%
Biograil ApS

Management

7 active registrations

Executive management

Executive management at Biograil ApS
NameRoleAppointed
Karsten LindhardtDirector17/07/2019

Board of directors

Board of directors at Biograil ApS
NameRoleAppointed
Lars Hellerung ChristiansenBoard member10/11/2019
John Michael BarberichChair of the board10/11/2019
Karsten LindhardtBoard member30/06/2025
Steffen WagnerBoard member30/06/2025
Ulrik SchulzeBoard member15/12/2025
Robert SamuelBoard member15/12/2025
Founders
Hellerung ApS, Lindhardt Holdings ApS, John Michael Barberich
Former management (2)
Former management at Biograil ApS
NameRoleAppointedResigned
Karsten LindhardtBoard member10/11/201912/10/2020
Anke CassingBoard member31/12/201930/06/2025

Signing rule: Selskabet tegnes af en direktør.

Address and production units

1 active production units

Langebjerg 1
4000 Roskilde

Roskilde Municipality · Postcode 4000

Other companies at the address (8)

Production units
Production unitAddressEmployeesP number
Biograil ApSLangebjerg 1, 4000 Roskilde241024880903

Purpose

Selskabets formål er udvikle avancerede medicinske produkter samt al virksomhed, som efter ledelsens skøn har forbindelse hermed.

The purpose is quoted from the register in Danish.

Changes year by year

99 registered events
20266 changescapital 1 · ownership 4 · accounts 1
  • Share capital changed from 492,114 DKK to 580,516 DKK
  • HTGF Opportunity GmbH & Co. KG registered as owner (5%)
  • Verve Capital Partners AG registered as owner (15%)
  • Verve Investment Syndicates GmbH is no longer registered as owner
  • HELLERUNG ApS is no longer registered as owner
  • Annual report for 2025 published
202525 changescapital 3 · management 5 · ownership 15 · accounts 1 · industry 1
  • Share capital changed from 422,296 DKK to 492,114 DKK
  • Ulrik Schulze appointed board member
  • Robert Samuel appointed board member
  • Verve Investment Syndicates GmbH registered as owner (15%)
  • Eli Lilly and Company registered as owner (10%)
  • MTI Biograil Invest A/S registered as owner (15%)
  • Lindhardt Holdings ApS registered as owner (5%)
  • Fund Investments S.A. SICAV-RAIF - Verve Venture Fund I is no longer registered as owner
  • Roquette Ventures SASU is no longer registered as owner
  • Verve Investment Syndicates GmbH is no longer registered as owner
  • MTI Biograil Invest A/S is no longer registered as owner
  • Lindhardt Holdings ApS is no longer registered as owner
  • Share capital changed from 415,084 DKK to 422,296 DKK
  • Karsten Lindhardt appointed board member
  • Steffen Wagner appointed board member
  • Anke Cassing stepped down as board member
  • Share capital changed from 316,975 DKK to 415,084 DKK
  • Fund Investments S.A. SICAV-RAIF - Verve Venture Fund I registered as owner (5%)
  • High-Tech Gründer-fonds III GmbH & Co. KG registered as owner (5%)
  • Verve Investment Syndicates GmbH registered as owner (20%)
  • Alligator IP, LLP is no longer registered as owner
  • Verve Investment Syndicates GmbH is no longer registered as owner
  • High-Tech Gründer-fonds III GmbH & Co. KG is no longer registered as owner
  • Annual report for 2024 published
  • Industry changed to Research and experimental development on natural sciences and engineering (721000)
202414 changescapital 2 · ownership 11 · accounts 1
  • Share capital changed from 276,524 DKK to 316,975 DKK
  • MTI Biograil Invest A/S registered as owner (20%)
  • Roquette Ventures SASU registered as owner (5%)
  • Verve Investment Syndicates GmbH registered as owner (10%)
  • HELLERUNG ApS registered as owner (5%)
  • John Michael Barberich is no longer registered as owner
  • Verve Investment Syndicates GmbH is no longer registered as owner
  • MTI Biograil Invest A/S is no longer registered as owner
  • HELLERUNG ApS is no longer registered as owner
  • Share capital changed from 247,476 DKK to 276,524 DKK
  • Verve Investment Syndicates GmbH registered as owner (15%)
  • SR J Sanner GmbH is no longer registered as owner
  • Verve Investment Syndicates GmbH is no longer registered as owner
  • Annual report for 2023 published
20231 changeaccounts 1
  • Annual report for 2022 published
20224 changesaddress 1 · accounts 1 · ownership 2
  • Moved to Langebjerg 1, 4000 Roskilde
  • Annual report for 2021 published
  • MTI Biograil Invest A/S registered as owner (15%)
  • Megatrend Invest A/S is no longer registered as owner
202111 changescapital 2 · ownership 8 · accounts 1
  • Share capital changed from 209,775 DKK to 247,476 DKK
  • SR J Sanner GmbH registered as owner (5%)
  • Lindhardt Holdings ApS registered as owner (10%)
  • Lindhardt Holdings ApS is no longer registered as owner
  • Alligator IP, LLP registered as owner (5%)
  • Egalet Limited is no longer registered as owner
  • Annual report for 2020 published
  • Verve Investment Syndicates GmbH registered as owner (10%)
  • High-Tech Gründer-fonds III GmbH & Co. KG registered as owner (10%)
  • High-Tech Gründer-fonds III GmbH & Co. KG is no longer registered as owner
  • Share capital changed from 176,508 DKK to 209,775 DKK
202023 changesmanagement 1 · capital 3 · ownership 19
  • Karsten Lindhardt stepped down as board member
  • Share capital changed from 148,206 DKK to 176,508 DKK
  • High-Tech Gründer-fonds III GmbH & Co. KG registered as owner (10%)
  • John Michael Barberich registered as owner (5%)
  • Megatrend Invest A/S registered as owner (20%)
  • Egalet Limited registered as owner (5%)
  • Lindhardt Holdings ApS registered as owner (10%)
  • Skak Tosanian Holding ApS is no longer registered as owner
  • Lindhardt Holdings ApS is no longer registered as owner
  • High-Tech Gründer-fonds III GmbH & Co. KG is no longer registered as owner
  • Megatrend Invest A/S is no longer registered as owner
  • Egalet Limited is no longer registered as owner
  • John Michael Barberich is no longer registered as owner
  • Share capital changed from 129,218 DKK to 148,206 DKK
  • Lindhardt Holdings ApS registered as owner (20%)
  • High-Tech Gründer-fonds III GmbH & Co. KG registered as owner (10%)
  • Megatrend Invest A/S registered as owner (10%)
  • HELLERUNG ApS registered as owner (10%)
  • Megatrend Invest A/S is no longer registered as owner
  • High-Tech Gründer-fonds III GmbH & Co. KG is no longer registered as owner
  • Lindhardt Holdings ApS is no longer registered as owner
  • HELLERUNG ApS is no longer registered as owner
  • Share capital changed from 114,862 DKK to 129,218 DKK
201915 changescapital 2 · management 5 · ownership 7 · founded 1
  • Share capital changed from 75,534 DKK to 114,862 DKK
  • Anke Cassing appointed board member
  • Megatrend Invest A/S registered as owner (5%)
  • Egalet Limited registered as owner (10%)
  • High-Tech Gründer-fonds III GmbH & Co. KG registered as owner (5%)
  • Share capital changed from 45,000 DKK to 75,534 DKK
  • John Michael Barberich appointed chair of the board
  • Lars Hellerung Christiansen appointed board member
  • Karsten Lindhardt appointed board member
  • Skak Tosanian Holding ApS registered as owner (5%)
  • Registered as Biograil ApS
  • Karsten Lindhardt appointed director
  • Lindhardt Holdings ApS registered as owner (25%)
  • John Michael Barberich registered as owner (10%)
  • HELLERUNG ApS registered as owner (15%)

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Same people in management

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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 CVRReport a correction