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Capnor Connery HoldCo A/S

Public limited companyCVR 39018977København ØActive

Capnor Connery HoldCo A/S is a public limited company, based in København Ø, active in non-financial holding companies, founded in 2017. The company made a loss in both 2024 and 2025, most recently DKK 207.4m. Equity grew to DKK 1.7bn in 2025. Gross profit is higher than that of 99% of the companies in the industry in the database.

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Key figures · financial year 2025

RevenueDKK 5.7bn+24.9% vs. 2024
Net profit−DKK 207.4m−101.2% vs. 2024
EquityDKK 1.7bn+28.2% vs. 2024
Employees2latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Gross profit rose 28% (2024 → 2025), to DKK 1.5bn.
  • Revenue rose 25% (2024 → 2025), to DKK 5.7bn.
  • The loss grew: from DKK 103.1m to DKK 207.4m (2024 → 2025).
  • Equity rose 28% (2024 → 2025), to DKK 1.7bn.

Management and owners, last 24 months

  • New in management: Aditya Desaraju (board member, 20/05/2025).
  • Stepped down: Rolf Ernst Torsøe (board member, 20/05/2025).

Registrations, last 24 months

  • 02/02/2026: Moved to Østbanegade 135, 2100 København Ø
  • 01/10/2025: Share capital changed from 2,327,152 DKK to 2,348,984 DKK
  • 18/09/2025: Share capital changed from 2,325,146 DKK to 2,327,152 DKK
  • 10/09/2025: Share capital changed from 2,297,182 DKK to 2,325,146 DKK
  • 05/09/2025: Share capital changed from 2,195,332 DKK to 2,297,182 DKK
  • 24/03/2025: Share capital changed from 2,194,270 DKK to 2,195,332 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 400m−DKK 200mDKK 0DKK 200mDKK 400mDKK 600mDKK 800mDKK 1bnDKK 1.2bnDKK 1.4bnDKK 1.6bnDKK 1.8bn202020212022202320242025
EquityNet profit
Financial figures for Capnor Connery HoldCo A/S
202020212022202320242025Change
Revenue2,292,7052,750,1123,276,5944,336,9264,562,9615,701,058+24.9%
Gross profit678,393848,085920,6631,079,5931,197,9151,538,051+28.4%
Operating profit (EBIT)79,702110,498115,927214,046217,931319,271+46.5%
Profit before tax−100,076−81,777−78,547−24,978−49,562−141,987−186.5%
Net profit−102,465−98,499−98,636−64,430−103,082−207,417−101.2%
Total assets4,615,6424,658,0644,941,0895,114,3045,972,78711,837,413+98.2%
Equity1,654,9101,617,9771,557,9751,454,0961,329,6591,704,640+28.2%
Liabilities2,960,7323,040,0863,383,1153,660,2084,643,12810,132,773+118.2%
Cash and cash equivalents220,479171,324131,466243,474329,982446,979+35.5%
Average number of employees689852907––––

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.

Download the figures as CSV · free with an account, amounts in whole DKK

−DKK 200mDKK 0DKK 200mDKK 400mDKK 600mDKK 800mDKK 1bnDKK 1.2bnDKK 1.4bnDKK 1.6bn202020212022202320242025
Gross profitMedian, the industry (2,138 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 Capnor Connery HoldCo A/S
Financial yearPeriodPublishedFigures forDocuments
202501/10/2024 – 30/09/202501/12/2025The companyPDF not statedXBRL
202401/10/2023 – 30/09/202402/12/2024The companyPDF not statedXBRL
202301/10/2022 – 30/09/202323/11/2023The companyPDF not statedXBRL
202201/10/2021 – 30/09/202206/12/2022The companyPDFXBRL
202101/10/2020 – 30/09/202125/01/2022The companyPDFXBRL
202001/10/2019 – 30/09/202002/03/2021The 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
0112208/2309/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/26
Employees

Position in the industry

2,138 companies in the database

Comparison with the other companies in non-financial holding companies based on the latest financial year.

Gross profitDKK 1.5bnNo. 13 of 2,093
Better than 99% of the companies in the industry
EquityDKK 1.7bnNo. 49 of 2,138
Better than 98% of the companies in the industry
Number of employees2No. 435 of 2,138
Better than 80% of the companies in the industry

Industry median: gross profit −DKK 31,805, net profit DKK 701k, equity DKK 32.1m, 1 employees.

DKK 100kDKK 2.1mDKK 44.6mDKK 942.6mDKK 7.2bnHere
Distribution of gross profit for 820 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 fewer than 20 employees69,967 companies in the comparison
No. 21of 69,742
Better than 100%
No. 131of 69,964
Better than 100%
Same industry and fewer than 20 employees2,092 companies in the comparison
No. 9of 2,048
Better than 100%
No. 43of 2,092
Better than 98%
Companies that are between 5 and 14 years old33,688 companies in the comparison
No. 14of 33,588
Better than 100%
No. 59of 33,687
Better than 100%
All companies of type A/S18,025 companies in the comparison
No. 89of 17,786
Better than 100%
No. 263of 18,024
Better than 99%

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

Non-financial holding companies
Gross profit
  1. Capnor Connery HoldCo A/SDKK 1.5bn
  2. Heartland A/SDKK 19.9bn
  3. Andel A.M.B.A.DKK 5.6bn
Net profit
  1. Capnor Connery HoldCo A/S−DKK 207.4m
  2. Heartland A/SDKK 4.9bn
  3. Andel A.M.B.A.−DKK 2.9bn
Equity
  1. Capnor Connery HoldCo A/SDKK 1.7bn
  2. Heartland A/SDKK 39.2bn
  3. Andel A.M.B.A.DKK 29.5bn
Employees
  1. Capnor Connery HoldCo A/S2
  2. Heartland A/S34
  3. Andel A.M.B.A.28

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
  • NC Connery GP Limited (acting in its capacity as general partner of NC Connery, L.P.66.67%
Capnor Connery HoldCo A/S

Management

6 active registrations

Executive management

Executive management at Capnor Connery HoldCo A/S
NameRoleAppointed
Jacob Bryde ChristensenDirector01/01/2022
Erik Gunnar BertmanCEO01/01/2022

Board of directors

Board of directors at Capnor Connery HoldCo A/S
NameRoleAppointed
Sisse Fjelsted RasmussenBoard member14/12/2021
Morten Marc HübbeChair of the board14/12/2021
Jacob Gustav BrandtBoard member01/01/2023
Aditya DesarajuBoard member20/05/2025
Founders
KR 332 ApS
Former management (10)
Former management at Capnor Connery HoldCo A/S
NameRoleAppointedResigned
Bent KemplarDirector18/10/201725/02/2019
Jess Ørgaard Libak TroppDirector25/02/201901/01/2022
Erik Jonas Fredrik NäslundDirector25/02/201929/04/2019
Peter ThorningerBoard member29/04/201914/12/2021
Jess Ørgaard Libak TroppBoard member29/04/201901/01/2023
Erik Jonas Fredrik NäslundChair of the board29/04/201913/12/2021
Erik Jonas Fredrik NäslundBoard member14/12/202101/07/2022
Emil André SchacherBoard member14/12/202105/02/2024
Anne Sophie M LotgeringBoard member14/12/202105/02/2024
Rolf Ernst TorsøeBoard member01/01/202320/05/2025

Signing rule: Selskabet tegnes af formanden for bestyrelsen i forening med en direktør eller af to bestyrelsesmedlemmer i forening.

Address and production units

1 active production units

Østbanegade 135
2100 København Ø

København Municipality · Postcode 2100

Other companies at the address (2)

Production units
Production unitAddressEmployeesP number
Capnor Connery HoldCo A/SØstbanegade 135, 2100 København Ø21022937738

Purpose

Selskabets formål er at eje kapitalandele i andre virksomheder samt al virksomhed, som efter bestyrelsens skøn har forbindelse hermed.

The purpose is quoted from the register in Danish.

Changes year by year

81 registered events
20261 changeaddress 1
  • Moved to Østbanegade 135, 2100 København Ø
20258 changesaccounts 1 · capital 5 · management 2
  • Annual report for 2025 published
  • Share capital changed from 2,327,152 DKK to 2,348,984 DKK
  • Share capital changed from 2,325,146 DKK to 2,327,152 DKK
  • Share capital changed from 2,297,182 DKK to 2,325,146 DKK
  • Share capital changed from 2,195,332 DKK to 2,297,182 DKK
  • Aditya Desaraju appointed board member
  • Rolf Ernst Torsøe stepped down as board member
  • Share capital changed from 2,194,270 DKK to 2,195,332 DKK
20246 changesaccounts 1 · capital 3 · management 2
  • Annual report for 2024 published
  • Share capital changed from 2,029,986 DKK to 2,194,270 DKK
  • Share capital changed from 2,021,552 DKK to 2,029,986 DKK
  • Share capital changed from 2,007,130 DKK to 2,021,552 DKK
  • Anne Sophie M Lotgering stepped down as board member
  • Emil André Schacher stepped down as board member
20239 changesaccounts 1 · capital 5 · management 3
  • Annual report for 2023 published
  • Share capital changed from 1,996,099 DKK to 2,007,130 DKK
  • Share capital changed from 1,995,741 DKK to 1,996,099 DKK
  • Share capital changed from 1,969,307 DKK to 1,995,741 DKK
  • Share capital changed from 1,967,318 DKK to 1,969,307 DKK
  • Share capital changed from 1,964,974 DKK to 1,967,318 DKK
  • Rolf Ernst Torsøe appointed board member
  • Jacob Gustav Brandt appointed board member
  • Jess Ørgaard Libak Tropp stepped down as board member
20227 changesaccounts 2 · management 4 · capital 1
  • Annual report for 2022 published
  • Erik Jonas Fredrik Näslund stepped down as board member
  • Annual report for 2021 published
  • Share capital changed from 1,964,825 DKK to 1,964,974 DKK
  • Erik Gunnar Bertman appointed ceo
  • Jacob Bryde Christensen appointed director
  • Jess Ørgaard Libak Tropp stepped down as director
202117 changesmanagement 7 · capital 9 · accounts 1
  • Anne Sophie M Lotgering appointed board member
  • Erik Jonas Fredrik Näslund appointed board member
  • Emil André Schacher appointed board member
  • Sisse Fjelsted Rasmussen appointed board member
  • Morten Marc Hübbe appointed chair of the board
  • Peter Thorninger stepped down as board member
  • Erik Jonas Fredrik Näslund stepped down as chair of the board
  • Share capital changed from 1,964,106 DKK to 1,964,825 DKK
  • Share capital changed from 1,963,663 DKK to 1,964,106 DKK
  • Share capital changed from 1,946,423 DKK to 1,963,663 DKK
  • Share capital changed from 1,945,263 DKK to 1,946,423 DKK
  • Share capital changed from 1,944,638 DKK to 1,945,263 DKK
  • Share capital changed from 1,935,638 DKK to 1,944,638 DKK
  • Share capital changed from 1,935,102 DKK to 1,935,638 DKK
  • Annual report for 2020 published
  • Share capital changed from 1,933,062 DKK to 1,935,102 DKK
  • Share capital changed from 1,926,479 DKK to 1,933,062 DKK
20209 changescapital 9
  • Share capital changed from 1,902,762 DKK to 1,926,479 DKK
  • Share capital changed from 1,880,412 DKK to 1,902,762 DKK
  • Share capital changed from 1,873,021 DKK to 1,880,412 DKK
  • Share capital changed from 1,860,131 DKK to 1,873,021 DKK
  • Share capital changed from 1,856,381 DKK to 1,860,131 DKK
  • Share capital changed from 1,847,006 DKK to 1,856,381 DKK
  • Share capital changed from 1,845,056 DKK to 1,847,006 DKK
  • Share capital changed from 1,838,896 DKK to 1,845,056 DKK
  • Share capital changed from 1,738,049 DKK to 1,838,896 DKK
201921 changescapital 7 · address 1 · ownership 4 · name 2 · management 7
  • Share capital changed from 1,734,928 DKK to 1,738,049 DKK
  • Share capital changed from 1,668,762 DKK to 1,734,928 DKK
  • Share capital changed from 1,662,379 DKK to 1,668,762 DKK
  • Share capital changed from 1,660,879 DKK to 1,662,379 DKK
  • Moved to Kirkebjerg Parkvej 9, 2, 2605 Brøndby
  • Share capital changed from 1,638,375 DKK to 1,660,879 DKK
  • Share capital changed from 1,539,362 DKK to 1,638,375 DKK
  • NC Connery GP Limited (acting in its capacity as general partner of NC Connery, L.P. registered as owner (66.67%)
  • Nordic Capital IX Limited is no longer registered as owner
  • Name changed from Capnor Connery HoldCo ApS to Capnor Connery HoldCo A/S
  • Share capital changed from 50,000 DKK to 1,539,362 DKK
  • Jess Ørgaard Libak Tropp appointed board member
  • Peter Thorninger appointed board member
  • Erik Jonas Fredrik Näslund appointed chair of the board
  • Erik Jonas Fredrik Näslund stepped down as director
  • Name changed from KR 1884 ApS to Capnor Connery HoldCo ApS
  • Erik Jonas Fredrik Näslund appointed director
  • Jess Ørgaard Libak Tropp appointed director
  • Bent Kemplar stepped down as director
  • Nordic Capital IX Limited registered as owner (100%)
  • KR 332 ApS is no longer registered as owner
20173 changesfounded 1 · management 1 · ownership 1
  • Registered as KR 1884 ApS
  • Bent Kemplar appointed director
  • KR 332 ApS registered as owner (100%)

Related companies

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.

View in CVRReport a correction