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Candeno A/S

Public limited companyCVR 39633914Aarhus CActive

Candeno A/S is a public limited company, based in Aarhus C, active in computer programming activities, founded in 2018. The company made a loss in both 2024 and 2025, most recently DKK 721k. With 39 employees, the company is about 10 times larger than the industry median. Equity fell to DKK 3.8m in 2025.

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Key figures · financial year 2025

Gross profitDKK 20.5m+19.8% vs. 2024
Net profit−DKK 721k+27% vs. 2024
EquityDKK 3.8m−16% vs. 2024
Employees39latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Gross profit rose 20% (2024 → 2025), to DKK 20.5m.
  • The loss got smaller: from DKK 987k to DKK 721k (2024 → 2025).
  • Equity fell 16% (2024 → 2025), to DKK 3.8m.

Employees

  • 1 more employees than a year earlier: 39 (07/2026) against 38 (07/2025).

Management and owners, last 24 months

  • New in management: Mikkel Leffers Svendstrup (board member, 16/06/2025), Andreas Peter Hougaard Jensen (chair of the board, 16/06/2025) and Andreas Hasselsteen Nikolajsen (board member, 20/10/2025) (+3).
  • Stepped down: Bo Wase (chair of the board, 16/06/2025), Mads Blom Nikolajsen (board member, 28/05/2026) and Frederik Stenberg Pedersen (board member, 18/11/2024) (+4).

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 1mDKK 0DKK 1mDKK 2mDKK 3mDKK 4mDKK 5m202020212022202320242025
EquityNet profit
Financial figures for Candeno A/S
202020212022202320242025Change
Revenuenot statednot statednot statednot statednot statednot stated–
Gross profit1252,89111,21915,65217,12420,513+19.8%
Operating profit (EBIT)−2543261,511587−935−640+31.6%
Profit before tax−2572411,441341−1,236−904+26.8%
Net profit−2131941,113242−987−721+27%
Total assets8393,5946,84312,75514,07914,361+2%
Equity7351,0352665074,5153,795−16%
Liabilities1042,5566,26711,8389,40310,566+12.4%
Cash and cash equivalents4902,3015884053492+170.8%
Average number of employees2824343332−3%

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 20m202020212022202320242025
Gross profitMedian, the industry (1,661 companies)

Signals from the financial statements

calculated from the 2025 figures

  • Loss for 2 years in a row

    Net result has been negative in 2024–2025.

    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 Candeno A/S
Financial yearPeriodPublishedFigures forDocuments
202501/01/2025 – 31/12/202504/06/2026The companyPDF not statedXBRL
202401/01/2024 – 31/12/202420/06/2025The companyPDFXBRL
202301/01/2023 – 31/12/202307/06/2024The companyPDFXBRL
202201/01/2022 – 31/12/202226/05/2023The companyPDFXBRL
202101/07/2020 – 30/06/202123/05/2022The companyPDFXBRL
202001/07/2019 – 30/06/202025/11/2020The 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
0102030405008/2309/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/26
Employees

Position in the industry

1,661 companies in the database

Comparison with the other companies in computer programming activities based on the latest financial year.

Gross profitDKK 20.5mNo. 232 of 1,656
Better than 86% of the companies in the industry
EquityDKK 3.8mNo. 480 of 1,661
Better than 71% of the companies in the industry
Number of employees39No. 165 of 1,661
Better than 90% of the companies in the industry

Industry median: gross profit DKK 2.6m, net profit DKK 93,491, equity DKK 1m, 4 employees.

DKK 100kDKK 978kDKK 9.6mDKK 93.7mDKK 428.6mHere
Distribution of gross profit for 1,474 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. 2,728of 9,892
Better than 72%
No. 5,322of 9,922
Better than 46%
Same industry and 20–49 employees183 companies in the comparison
No. 97of 182
Better than 47%
No. 125of 183
Better than 32%
Companies that are between 5 and 14 years old33,688 companies in the comparison
No. 1,965of 33,588
Better than 94%
No. 7,287of 33,687
Better than 78%
All companies of type A/S18,025 companies in the comparison
No. 5,815of 17,786
Better than 67%
No. 12,542of 18,024
Better than 30%

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

Computer programming activities
Gross profit
  1. Candeno A/SDKK 20.5m
  2. Stibo Systems A/SDKK 916.6m
  3. Trackunit ApSDKK 897.1m
Net profit
  1. Candeno A/S−DKK 721k
  2. Stibo Systems A/SDKK 155.9m
  3. Trackunit ApSDKK 206.3m
Equity
  1. Candeno A/SDKK 3.8m
  2. Stibo Systems A/SDKK 309.7m
  3. Trackunit ApSDKK 1.7bn
Employees
  1. Candeno A/S39
  2. Stibo Systems A/S201
  3. Trackunit ApS249

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
  • LoveMondays ApS5%
  • Frederik Stenberg Holding ApS15%
  • Matias Appel ApS20%
  • Mads Blom Nikolajsen ApS15%
  • Mimago Holding ApS5%
  • Papalia Holding ApS5%
Candeno A/S

Management

6 active registrations

Executive management

Executive management at Candeno A/S
NameRoleAppointed
Matias Bøgvad AppelCEO10/06/2018

Board of directors

Board of directors at Candeno A/S
NameRoleAppointed
Ole Niels Jakob JensenDeputy chair24/11/2020
Mikkel Leffers SvendstrupBoard member16/06/2025
Andreas Peter Hougaard JensenChair of the board16/06/2025
Andreas Hasselsteen NikolajsenBoard member20/10/2025
Camilla EngelshardtBoard member28/05/2026
Founders
Daniel Buus Christiansen, Mads Blom Nikolajsen, Matias Bøgvad Appel, Victor Brøgger Holding IVS
Former management (14)
Former management at Candeno A/S
NameRoleAppointedResigned
Daniel Buus ChristiansenChair of the board10/06/201813/01/2020
Victor Brøgger AndersenBoard member10/06/201830/04/2022
Mads Blom NikolajsenBoard member10/06/201812/01/2020
Matias Bøgvad AppelBoard member10/06/201824/11/2020
Bo WaseChair of the board13/01/202016/06/2025
Ole Niels Jakob JensenBoard member13/01/202023/11/2020
Mads Blom NikolajsenDeputy chair13/01/202023/11/2020
Mads Blom NikolajsenBoard member24/11/202028/05/2026
Frederik Stenberg PedersenBoard member24/11/202018/11/2024
Martin Lobbato LaursenBoard member06/07/202101/03/2024
Søren Bork HansenBoard member01/10/202216/06/2025
Andreas Peter Hougaard JensenBoard member01/03/202415/06/2025
Anders TvedtBoard member18/11/202428/05/2026
Andreas Hasselsteen NikolajsenBoard member16/06/202525/09/2025

Signing rule: Selskabet tegnes af direktionen i forening med et bestyrelsesmedlem eller af den samlede bestyrelse.

Address and production units

2 active production units

Klosterport 4E
8000 Aarhus C

Aarhus Municipality · Postcode 8000

Production units
Production unitAddressEmployeesP number
Candeno A/SKlosterport 4E, 2. th, 8000 Aarhus C391023689746
Candeno NordNibevej 54, 1, 9200 Aalborg SV–1025647218

Purpose

Selskabets formål er at udvikle og sælge software-rekrutterngsløsninger, SaSS produkter og anden hermed beslægtet virksomhed.

The purpose is quoted from the register in Danish.

Changes year by year

97 registered events
20264 changesaccounts 1 · management 3
  • Annual report for 2025 published
  • Camilla Engelshardt appointed board member
  • Anders Tvedt stepped down as board member
  • Mads Blom Nikolajsen stepped down as board member
20259 changesmanagement 8 · accounts 1
  • Andreas Hasselsteen Nikolajsen appointed board member
  • Andreas Hasselsteen Nikolajsen stepped down as board member
  • Annual report for 2024 published
  • Andreas Peter Hougaard Jensen appointed chair of the board
  • Mikkel Leffers Svendstrup appointed board member
  • Andreas Hasselsteen Nikolajsen appointed board member
  • Søren Bork Hansen stepped down as board member
  • Bo Wase stepped down as chair of the board
  • Andreas Peter Hougaard Jensen stepped down as board member
20247 changesmanagement 4 · accounts 1 · capital 1 · ownership 1
  • Anders Tvedt appointed board member
  • Frederik Stenberg Pedersen stepped down as board member
  • Annual report for 2023 published
  • Share capital changed from 442,561 DKK to 465,499 DKK
  • Andreas Peter Hougaard Jensen appointed board member
  • Martin Lobbato Laursen stepped down as board member
  • Papalia Holding ApS registered as owner (5%)
20235 changesaccounts 1 · ownership 2 · address 2
  • Annual report for 2022 published
  • Mimago Holding ApS registered as owner (5%)
  • Candeno A/S is no longer registered as owner
  • Moved to Klosterport 4E, 2. th, 8000 Aarhus C
  • Moved to Klosterport 4E, 2. tv, 8000 Aarhus C
20229 changesownership 6 · management 2 · accounts 1
  • Frederik Stenberg Holding ApS registered as owner (15%)
  • Matias Appel ApS registered as owner (20%)
  • Mads Blom Nikolajsen ApS registered as owner (15%)
  • Frederik Stenberg ApS is no longer registered as owner
  • Søren Bork Hansen appointed board member
  • Annual report for 2021 published
  • Victor Brøgger Andersen stepped down as board member
  • Candeno A/S registered as owner (15%)
  • Brøgger Tech & Invest ApS is no longer registered as owner
20214 changesaddress 1 · capital 1 · management 1 · ownership 1
  • Moved to Mariane Thomsens Gade 4B, 1. 1, 8000 Aarhus C
  • Share capital changed from 408,422 DKK to 442,561 DKK
  • Martin Lobbato Laursen appointed board member
  • LoveMondays ApS registered as owner (5%)
202023 changescapital 3 · accounts 1 · name 3 · management 11 · address 3 · ownership 2
  • Share capital changed from 400,000 DKK to 408,422 DKK
  • Annual report for 2020 published
  • Name changed from Candeno ApS to Candeno A/S
  • Share capital changed from 50,000 DKK to 400,000 DKK
  • Frederik Stenberg Pedersen appointed board member
  • Mads Blom Nikolajsen appointed board member
  • Ole Niels Jakob Jensen appointed deputy chair
  • Matias Bøgvad Appel stepped down as board member
  • Mads Blom Nikolajsen stepped down as deputy chair
  • Ole Niels Jakob Jensen stepped down as board member
  • Moved to Vestergade 5, 3. tv, 8000 Aarhus C
  • Name changed from Horizon Recruitment ApS to Candeno ApS
  • Daniel Buus Christiansen is no longer registered as owner
  • Moved to Klamsagervej 35, 1, 8230 Åbyhøj
  • Moved to Klamsagervej 35, 1, 8230 Åbyhøj
  • Name changed from Horizon Recruitment IVS to Horizon Recruitment ApS
  • Share capital changed from 1,000 DKK to 50,000 DKK
  • Mads Blom Nikolajsen appointed deputy chair
  • Bo Wase appointed chair of the board
  • Ole Niels Jakob Jensen appointed board member
  • Daniel Buus Christiansen stepped down as chair of the board
  • Frederik Stenberg ApS registered as owner (50%)
  • Mads Blom Nikolajsen stepped down as board member
201917 changesownership 14 · address 2 · industry 1
  • Mads Blom Nikolajsen is no longer registered as owner
  • Matias Bøgvad Appel is no longer registered as owner
  • Brøgger Tech & Invest ApS registered as owner (15%)
  • Victor Brøgger Holding IVS is no longer registered as owner
  • Frederik Stenberg Pedersen is no longer registered as owner
  • Frederik Stenberg Pedersen registered as owner (15%)
  • Daniel Buus Christiansen registered as owner (15%)
  • Mads Blom Nikolajsen registered as owner (15%)
  • Matias Bøgvad Appel registered as owner (20%)
  • Victor Brøgger Holding IVS registered as owner (15%)
  • Daniel Buus Christiansen is no longer registered as owner
  • Victor Brøgger Holding IVS is no longer registered as owner
  • Matias Bøgvad Appel is no longer registered as owner
  • Mads Blom Nikolajsen is no longer registered as owner
  • Moved to Valbyvej 14, st, 8000 Aarhus C
  • Moved to Niels Ebbesens Gade 8C, 2. 4, 9000 Aalborg
  • Industry changed to Computerprogrammering (620100)
201819 changesownership 12 · address 1 · founded 1 · management 5
  • Daniel Buus Christiansen registered as owner (20%)
  • Victor Brøgger Holding IVS registered as owner (20%)
  • Matias Bøgvad Appel registered as owner (25%)
  • Mads Blom Nikolajsen registered as owner (20%)
  • Mads Blom Nikolajsen is no longer registered as owner
  • Victor Brøgger Holding IVS is no longer registered as owner
  • Matias Bøgvad Appel is no longer registered as owner
  • Daniel Buus Christiansen is no longer registered as owner
  • Moved to Petersborgvej 48, 9000 Aalborg
  • Registered as Horizon Recruitment IVS
  • Victor Brøgger Andersen appointed board member
  • Daniel Buus Christiansen appointed chair of the board
  • Matias Bøgvad Appel appointed ceo
  • Matias Bøgvad Appel appointed board member
  • Mads Blom Nikolajsen appointed board member
  • Mads Blom Nikolajsen registered as owner (25%)
  • Victor Brøgger Holding IVS registered as owner (10%)
  • Matias Bøgvad Appel registered as owner (25%)
  • Daniel Buus Christiansen registered as owner (25%)

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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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