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Capnova A/S

Public limited companyCVR 14353089Aarhus CActive

Capnova A/S is a public limited company, based in Aarhus C, active in other financial service activities n.e.c., founded in 1990. The company made a loss in both 2024 and 2025, most recently DKK 296k. 5 other companies in the database are registered at the same address. 9 people are registered in the company's management and ownership.

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Key figures · financial year 2025

Gross profitDKK 283k−21.2% vs. 2024
Net profit−DKK 296k+77.6% vs. 2024
EquityDKK 2.1m−12.2% vs. 2024
Employees2latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Gross profit fell 21% (2024 → 2025), to DKK 283k.
  • The loss got smaller: from DKK 1.3m to DKK 296k (2024 → 2025).
  • Equity fell 12% (2024 → 2025), to DKK 2.1m.

Management and owners, last 24 months

  • New owners registered: All Time High ApS (24/01/2025), J. Søndergaard Invest ApS (24/01/2025) and MAHAMI Accounting ApS (24/01/2025) (+2).
  • No longer registered as owner: Capnova Holding ApS (23/01/2025).

Registrations, last 24 months

  • 18/02/2026: Moved to Universitetsbyen 76, 8000 Aarhus C
  • 23/01/2025: Merger registered in CVR
  • 01/01/2025: Industry changed to Other financial service activities n.e.c. (649990)

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 10mDKK 0DKK 10mDKK 20mDKK 30mDKK 40mDKK 50mDKK 60mDKK 70m202020212022202320242025
EquityNet profit
Financial figures for Capnova A/S
202020212022202320242025Change
Revenue21,04549,782not statednot statednot statednot stated–
Gross profit19,48448,01040,0729,431360283−21.2%
Operating profit (EBIT)7,05635,62934,3598,565−91−68+25.1%
Profit before tax10,92237,56229,16212,633−1,300−296+77.2%
Net profit9,51829,93922,11610,558−1,324−296+77.6%
Total assets50,17692,85464,40853,0072,5562,177−14.8%
Equity40,13069,23752,94049,5992,4282,132−12.2%
Liabilities9,92623,61611,4683,40812845−65%
Cash and cash equivalents8,01311,96626,21126,1641,710760−55.6%
Average number of employees––54110%

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 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 10mDKK 0DKK 10mDKK 20mDKK 30mDKK 40mDKK 50m202020212022202320242025
Gross profitMedian, the industry (739 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 Capnova A/S
Financial yearPeriodPublishedFigures forDocuments
202501/01/2025 – 31/12/202510/02/2026The companyPDF not statedXBRL
202401/01/2024 – 31/12/202403/03/2025The companyPDFXBRL
202301/01/2023 – 31/12/202319/01/2024The companyPDFXBRL
202201/01/2022 – 31/12/202201/03/2023The companyPDFXBRL
202101/01/2021 – 31/12/202108/03/2022The companyPDFXBRL
202001/01/2020 – 31/12/202006/04/2021The 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
0123409/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/2608/26
Employees

Position in the industry

739 companies in the database

Comparison with the other companies in other financial service activities n.e.c. based on the latest financial year.

Gross profitDKK 283kNo. 201 of 713
Better than 72% of the companies in the industry
EquityDKK 2.1mNo. 544 of 739
Better than 26% of the companies in the industry
Number of employees2No. 295 of 739
Better than 60% of the companies in the industry

Industry median: gross profit −DKK 23,925, net profit DKK 174k, equity DKK 10.2m, 1 employees.

DKK 100kDKK 2.8mDKK 77.4mDKK 2.2bnDKK 19.8bnHere
Distribution of gross profit for 270 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. 58,038of 69,742
Better than 17%
No. 23,501of 69,964
Better than 66%
Same industry and fewer than 20 employees699 companies in the comparison
No. 186of 676
Better than 73%
No. 522of 699
Better than 25%
Companies that are at least 30 years old10,276 companies in the comparison
No. 8,983of 10,152
Better than 12%
No. 7,789of 10,275
Better than 24%
All companies of type A/S18,025 companies in the comparison
No. 16,291of 17,786
Better than 8%
No. 14,356of 18,024
Better than 20%

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

Other financial service activities n.e.c.
Gross profit
  1. Capnova A/SDKK 283k
  2. Kirkbi A/SDKK 60bn
  3. William Demant Invest A/SDKK 22bn
Net profit
  1. Capnova A/S−DKK 296k
  2. Kirkbi A/SDKK 16.9bn
  3. William Demant Invest A/SDKK 1.1bn
Equity
  1. Capnova A/SDKK 2.1m
  2. Kirkbi A/SDKK 151.9bn
  3. William Demant Invest A/SDKK 31.6bn
Employees
  1. Capnova A/S2
  2. Kirkbi A/S176
  3. William Demant Invest A/S14

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
  • All Time High ApS20%
  • J. Søndergaard Invest ApS20%
  • MAHAMI Accounting ApS10%
  • Stigel Holding ApS20%
  • Ztrüw ApS20%
Capnova A/S
Subsidiaries and ownership shares

Subsidiaries are shown only if they are in the database.

Management

6 active registrations

Executive management

Executive management at Capnova A/S
NameRoleAppointed
Lars Henning StigelCEO17/03/2022

Board of directors

Board of directors at Capnova A/S
NameRoleAppointed
Jens Chresten Kolding SøndergaardChair of the board17/03/2022
Flemming Würtz AndersenBoard member17/03/2022
Lars Henning StigelBoard member17/03/2022
Ole Ostenfeldt MathiesenBoard member17/03/2022
Martin Haahr MikkelsenBoard member17/03/2022
Auditor
Grant Thornton, Godkendt Revisionspartnerselskab
Founders
Knud Erik Byrial Jakobsen, Theodor Benned Hansen, Søren Peter Weis Stranddorf
Former management (41)
Former management at Capnova A/S
NameRoleAppointedResigned
Lars MoseholmDirector06/04/199009/07/1991
Knud Erik Byrial JakobsenChair of the board06/04/199001/09/2000
Jørgen Kristian KjemsBoard member06/04/199007/05/2001
Flemming BahnerCEO06/04/199030/09/2001
Theodor Benned HansenBoard member06/04/199002/04/1998
Henrik Toft JensenBoard member06/04/199022/05/2006
Henrik SandbechBoard member06/04/199028/09/1992
Ole Winther ChristensenDirector06/04/199024/08/1990
Søren Peter Weis StranddorfBoard member06/04/199017/03/1995
Hans Peter JensenBoard member01/06/199510/05/2000
Kristian EbbensgaardBoard member01/04/199707/05/2001
Leif RasmussenBoard member15/03/199908/09/1999
Knut ConradsenBoard member10/05/200007/05/2001
Hans Bertil Gunnar ThelinBoard member10/05/200026/04/2007
Jørgen DyhrfjeldBoard member07/05/200118/11/2005
Bent KiemerBoard member17/07/200111/05/2005
Leif RasmussenCEO01/09/200131/01/2002
Lars LadingBoard member21/05/200312/05/2004
Søren IsaksenChair of the board21/05/200304/12/2008
Jon Wulff PetersenBoard member12/05/200401/10/2005
Steen Lønberg JørgensenBoard member11/05/200518/11/2005
Lisbeth Skovsgaard GrønbergBoard member11/11/200526/04/2007
Niels Valentin HansenBoard member18/11/200527/08/2008
Poul HolmBoard member22/05/200601/10/2008
Henrik BindslevBoard member26/04/200725/04/2014
Lars AndersenBoard member08/05/200812/11/2009
Torben Ballegaard SørensenChair of the board04/12/200815/03/2018
Lars Nørby JohansenBoard member04/12/200812/07/2010
Jesper HjulmandBoard member04/12/200829/04/2013
Steen RiisgaardBoard member12/07/201031/01/2014
Michael ChristiansenBoard member22/10/201015/03/2018
Klaus StampeBoard member31/01/201417/03/2022
Peter KjærBoard member31/01/201414/03/2018
Lars Henning StigelDirector31/01/201416/03/2022
Søren Elkjær FrandsenBoard member31/01/201401/03/2017
Kim Ove OlsenDirector28/02/201407/01/2019
Arie Dirk BoonBoard member01/03/201717/03/2022
Jens StenbækBoard member15/03/201807/01/2019
Michael HolmBoard member15/03/201814/03/2019
Peter KjærChair of the board15/03/201817/03/2022
Jørgen LangBoard member14/03/201917/03/2022

Signing rule: Selskabet tegnes af en direktør i forening med et bestyrelsesmedlem eller af tre medlemmer af bestyrelsen i forening.

Address and production units

1 active production units

Universitetsbyen 76
8000 Aarhus C

Aarhus Municipality · Postcode 8000

Other companies at the address (5)

  • MultiBiopsy ApSManufacture of medical and dental instruments and supplies
  • Heart2Heart ApSIT infrastructure, data processing, hosting and related activities
  • Endogen ApSResearch and experimental development on natural sciences and engineering
  • Wenemea ApSResearch and experimental development on natural sciences and engineering
  • EntoPrime ApSResearch and experimental development on natural sciences and engineering
Production units
Production unitAddressEmployeesP number
CAPNOVA A/SUniversitetsbyen 76, 8000 Aarhus C21000727892

Purpose

Selskabets formål er at virke til fremme for vækst og skabelse af arbejdspladser i hele Danmark med særligt fokus på styrkelse af innovations-, kommercialiserings- og udviklingsindsatsen omkring forsknings- og vidensinstitutioner. At skabe et stærkt og værdiskabende landsdækkende innovations- og udviklingsmiljø med fokus på erhvervsfremme. At investere risikovillig kapital i innovative iværksættere, stærke forretningsideer og virksomheder selvstændigt og på vegne af andre samt stille ekspertise og service til rådighed for virksomhederne med sigte på at fremme vækst og udvikling, så disse sikres en høj grad af succes. At udøve anden virksomhed, der har naturlig forbindelse med ovennævnte aktiviteter.

The purpose is quoted from the register in Danish.

Changes year by year

145 registered events
20262 changesaddress 1 · accounts 1
  • Moved to Universitetsbyen 76, 8000 Aarhus C
  • Annual report for 2025 published
20259 changesaccounts 1 · ownership 6 · merger 1 · industry 1
  • Annual report for 2024 published
  • MAHAMI Accounting ApS registered as owner (10%)
  • Ztrüw ApS registered as owner (20%)
  • Stigel Holding ApS registered as owner (20%)
  • J. SØNDERGAARD INVEST ApS registered as owner (20%)
  • All Time High ApS registered as owner (20%)
  • Capnova Holding ApS is no longer registered as owner
  • Merger registered in CVR
  • Industry changed to Other financial service activities n.e.c. (649990)
20243 changesaddress 1 · capital 1 · accounts 1
  • Moved to Universitetsbyen 14, 8000 Aarhus C
  • Share capital changed from 7,386,176 DKK to 400,000 DKK
  • Annual report for 2023 published
20231 changeaccounts 1
  • Annual report for 2022 published
202218 changesaddress 1 · management 11 · ownership 5 · accounts 1
  • Moved to Karen Blixens Boulevard 7, 8220 Brabrand
  • Lars Henning Stigel appointed ceo
  • Martin Haahr Mikkelsen appointed board member
  • Ole Ostenfeldt Mathiesen appointed board member
  • Jens Chresten Kolding Søndergaard appointed chair of the board
  • Lars Henning Stigel appointed board member
  • Flemming Würtz Andersen appointed board member
  • Jørgen Lang stepped down as board member
  • Peter Kjær stepped down as chair of the board
  • Arie Dirk Boon stepped down as board member
  • Klaus Stampe stepped down as board member
  • Capnova Holding ApS registered as owner (100%)
  • AUFF Holding P/S is no longer registered as owner
  • JYSKE BANK A/S is no longer registered as owner
  • FINANSIEL STABILITET is no longer registered as owner
  • AL Sydbank A/S is no longer registered as owner
  • Lars Henning Stigel stepped down as director
  • Annual report for 2021 published
20211 changeaccounts 1
  • Annual report for 2020 published
20198 changescapital 1 · management 4 · ownership 3
  • Share capital changed from 10,869,565 DKK to 7,386,176 DKK
  • Jørgen Lang appointed board member
  • Michael Holm stepped down as board member
  • CAPNOVA A/S is no longer registered as owner
  • Jens Stenbæk stepped down as board member
  • Kim Ove Olsen stepped down as director
  • CAPNOVA A/S registered as owner (25%)
  • FONDEN CAT, CENTER FOR AVANCERET TEKNOLOGI, FORSKNINGS- OG TEKNOLOGIPARK. is no longer registered as owner
20189 changesownership 3 · management 6
  • AUFF Holding P/S registered as owner (50%)
  • INCUBA INVEST A/S is no longer registered as owner
  • AUFF Holding P/S is no longer registered as owner
  • Michael Holm appointed board member
  • Peter Kjær appointed chair of the board
  • Jens Stenbæk appointed board member
  • Michael Christiansen stepped down as board member
  • Torben Ballegaard Sørensen stepped down as chair of the board
  • Peter Kjær stepped down as board member
20174 changesownership 2 · management 2
  • AUFF Holding P/S registered as owner (20%)
  • AARHUS UNIVERSITETS FORSKNINGSFOND is no longer registered as owner
  • Arie Dirk Boon appointed board member
  • Søren Elkjær Frandsen stepped down as board member
201418 changescapital 2 · ownership 6 · management 7 · address 1 · merger 1 · name 1
  • Share capital changed from 10,000,000 DKK to 10,869,565 DKK
  • INCUBA INVEST A/S registered as owner (15%)
  • AARHUS UNIVERSITETS FORSKNINGSFOND registered as owner (20%)
  • JYSKE BANK A/S registered as owner (25%)
  • Henrik Bindslev stepped down as board member
  • Kim Ove Olsen appointed director
  • Moved to Åbogade 15, 8200 Aarhus N
  • Peter Kjær appointed board member
  • Søren Elkjær Frandsen appointed board member
  • Lars Henning Stigel appointed director
  • Klaus Stampe appointed board member
  • Steen Riisgaard stepped down as board member
  • Merger registered in CVR
  • Name changed from CAT FORSKNINGS- OG TEKNOLOGIPARK A/S to CAPNOVA A/S
  • Share capital changed from 5,000,000 DKK to 10,000,000 DKK
  • FINANSIEL STABILITET registered as owner (5%)
  • FONDEN CAT, CENTER FOR AVANCERET TEKNOLOGI, FORSKNINGS- OG TEKNOLOGIPARK. registered as owner (25%)
  • AL Sydbank A/S registered as owner (5%)
20132 changescapital 1 · management 1
  • Share capital changed from 1,866,000 DKK to 5,000,000 DKK
  • Jesper Hjulmand stepped down as board member
20104 changescapital 1 · management 3
  • Share capital changed from 1,786,000 DKK to 1,866,000 DKK
  • Michael Christiansen appointed board member
  • Steen Riisgaard appointed board member
  • Lars Nørby Johansen stepped down as board member
20091 changemanagement 1
  • Lars Andersen stepped down as board member
20088 changesmanagement 7 · industry 1
  • Lars Nørby Johansen appointed board member
  • Jesper Hjulmand appointed board member
  • Torben Ballegaard Sørensen appointed chair of the board
  • Søren Isaksen stepped down as chair of the board
  • Poul Holm stepped down as board member
  • Niels Valentin Hansen stepped down as board member
  • Lars Andersen appointed board member
  • Industry changed to Ventureselskaber og kapitalfonde (643040)
20074 changesmanagement 3 · industry 1
  • Henrik Bindslev appointed board member
  • Lisbeth Skovsgaard Grønberg stepped down as board member
  • Hans Bertil Gunnar Thelin stepped down as board member
  • Industry changed to Ventureselskaber (652325)
20062 changesmanagement 2
  • Poul Holm appointed board member
  • Henrik Toft Jensen stepped down as board member
200510 changescapital 2 · management 7 · address 1
  • Share capital changed from 2,850,000 DKK to 1,786,000 DKK
  • Niels Valentin Hansen appointed board member
  • Steen Lønberg Jørgensen stepped down as board member
  • Jørgen Dyhrfjeld stepped down as board member
  • Share capital changed from 2,130,000 DKK to 2,850,000 DKK
  • Lisbeth Skovsgaard Grønberg appointed board member
  • Jon Wulff Petersen stepped down as board member
  • Steen Lønberg Jørgensen appointed board member
  • Bent Kiemer stepped down as board member
  • Moved to Universitetsparken 7, Himmelev, 4000 Roskilde
20042 changesmanagement 2
  • Jon Wulff Petersen appointed board member
  • Lars Lading stepped down as board member
20033 changescapital 1 · management 2
  • Share capital changed from 1,330,000 DKK to 2,130,000 DKK
  • Søren Isaksen appointed chair of the board
  • Lars Lading appointed board member
20023 changescapital 1 · merger 1 · management 1
  • Share capital changed from 1,000,000 DKK to 1,330,000 DKK
  • Merger registered in CVR
  • Leif Rasmussen stepped down as ceo
20019 changesmanagement 7 · capital 1 · industry 1
  • Flemming Bahner stepped down as ceo
  • Leif Rasmussen appointed ceo
  • Bent Kiemer appointed board member
  • Share capital changed from 500,000 DKK to 1,000,000 DKK
  • Jørgen Dyhrfjeld appointed board member
  • Knut Conradsen stepped down as board member
  • Kristian Ebbensgaard stepped down as board member
  • Jørgen Kristian Kjems stepped down as board member
  • Industry changed to Forskning og udvikling inden for naturvidenskab og teknik (731000)
20004 changesmanagement 4
  • Knud Erik Byrial Jakobsen stepped down as chair of the board
  • Knut Conradsen appointed board member
  • Hans Bertil Gunnar Thelin appointed board member
  • Hans Peter Jensen stepped down as board member
19992 changesmanagement 2
  • Leif Rasmussen stepped down as board member
  • Leif Rasmussen appointed board member
19981 changemanagement 1
  • Theodor Benned Hansen stepped down as board member
19971 changemanagement 1
  • Kristian Ebbensgaard appointed board member
19961 changecapital 1
  • Share capital changed from 300,000 DKK to 500,000 DKK
19952 changesmanagement 2
  • Hans Peter Jensen appointed board member
  • Søren Peter Weis Stranddorf stepped down as board member
19921 changemanagement 1
  • Henrik Sandbech stepped down as board member
19911 changemanagement 1
  • Lars Moseholm stepped down as director
199011 changesmanagement 10 · founded 1
  • Ole Winther Christensen stepped down as director
  • Registered as CAT FORSKNINGS- OG TEKNOLOGIPARK A/S
  • Knud Erik Byrial Jakobsen appointed chair of the board
  • Søren Peter Weis Stranddorf appointed board member
  • Ole Winther Christensen appointed director
  • Henrik Sandbech appointed board member
  • Henrik Toft Jensen appointed board member
  • Theodor Benned Hansen appointed board member
  • Flemming Bahner appointed ceo
  • Jørgen Kristian Kjems appointed board member
  • Lars Moseholm appointed director

Related companies

Same industry in Aarhus

See all →

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