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Cifour A/S

Public limited companyCVR 40670912Aarhus CActive

Cifour A/S is a public limited company, based in Aarhus C, active in other financial service activities n.e.c., founded in 2019. Net profit rose 45% from 2024 to 2025, ending at DKK 3m. Profit has grown three years in a row. With 3 employees, the company is about 3 times larger than the industry median.

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Key figures · financial year 2025

Gross profitDKK 7.8m+12% vs. 2024
Net profitDKK 3m+44.7% vs. 2024
EquityDKK 23.1m+4.4% vs. 2024
Employees3latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Gross profit rose 12% (2024 → 2025), to DKK 7.8m.
  • Net profit rose 45% (2024 → 2025), to DKK 3m.
  • Equity rose 4% (2024 → 2025), to DKK 23.1m.

Management and owners, last 24 months

  • New owners registered: Reedtz Invest ApS (07/04/2025), Kim Lund Madsen (30/06/2026) and Malte Lund Vestergaard Madsen (30/06/2026) (+2).
  • No longer registered as owner: Kim Lund Madsen (29/06/2026), Reedtz Invest ApS (06/04/2025) and Kjell Sølund (16/09/2025) (+1).

Registrations, last 24 months

  • 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 0DKK 5mDKK 10mDKK 15mDKK 20mDKK 25m202020212022202320242025
EquityNet profit
Financial figures for Cifour A/S
202020212022202320242025Change
Revenuenot statednot statednot statednot statednot statednot stated–
Gross profit9102,5596,2636,9667,805+12%
Profit before tax781,6932,3052,6343,820+45%
Net profit661,3201,7972,0532,970+44.7%
Total assets50551385,42692,987115,52066,356−42.6%
Equity49950521,32521,82222,12523,095+4.4%
Liabilities6864,10171,16593,39443,260−53.7%
Cash and cash equivalents2042128855−4.9%
Average number of employees1111110%

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 1mDKK 0DKK 1mDKK 2mDKK 3mDKK 4mDKK 5mDKK 6mDKK 7mDKK 8m202020212022202320242025
Gross profitMedian, the industry (739 companies)

Signals from the financial statements

calculated from the 2025 figures

  • Profit for five years in a row

    Net result has been positive in 2021–2025.

    How is this calculated?

    Net result is positive in the five 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 Cifour A/S
Financial yearPeriodPublishedFigures forDocuments
202501/01/2025 – 31/12/202524/02/2026The companyPDF not statedXBRL
202401/01/2024 – 31/12/202413/02/2025The companyPDFXBRL
202301/01/2023 – 31/12/202323/02/2024The companyPDFXBRL
202201/01/2022 – 31/12/202201/02/2023The companyPDFXBRL
202101/01/2021 – 31/12/202108/02/2022The companyPDFXBRL
202001/01/2020 – 31/12/202017/02/2021The 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
011223301/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/25
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 7.8mNo. 51 of 713
Better than 93% of the companies in the industry
EquityDKK 23.1mNo. 270 of 739
Better than 64% of the companies in the industry
Number of employees3No. 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. 7,242of 69,742
Better than 90%
No. 5,261of 69,964
Better than 92%
Same industry and fewer than 20 employees699 companies in the comparison
No. 44of 676
Better than 94%
No. 260of 699
Better than 63%
Companies that are between 5 and 14 years old33,688 companies in the comparison
No. 5,647of 33,588
Better than 83%
No. 2,079of 33,687
Better than 94%
All companies of type A/S18,025 companies in the comparison
No. 10,085of 17,786
Better than 43%
No. 5,708of 18,024
Better than 68%

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. Cifour A/SDKK 7.8m
  2. Kirkbi A/SDKK 60bn
  3. William Demant Invest A/SDKK 22bn
Net profit
  1. Cifour A/SDKK 3m
  2. Kirkbi A/SDKK 16.9bn
  3. William Demant Invest A/SDKK 1.1bn
Equity
  1. Cifour A/SDKK 23.1m
  2. Kirkbi A/SDKK 151.9bn
  3. William Demant Invest A/SDKK 31.6bn
Employees
  1. Cifour A/S3
  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
  • Savværksvej 2 ApS10%
  • Pantebrevsselskabet af 1.4.1992 A/S10%
  • Jæger Holding A/S10%
  • Morten Baastrup Mikkelsen ApS10%
  • M. Brusgaard Holding ApS10%
  • Jan Flemming Petterson5%
  • Islands Brygge Invest ApS10%
  • Frede Andersen Holding anno 2024 ApS10%
  • Reedtz Invest ApS10%
  • Kim Lund Madsen5%
  • Malte Lund Vestergaard Madsen5%
Cifour A/S

Management

4 active registrations

Executive management

Executive management at Cifour A/S
NameRoleAppointed
Klaus Kejlberg SchulzeDirector21/05/2019

Board of directors

Board of directors at Cifour A/S
NameRoleAppointed
Peter AggerholmChair of the board21/05/2019
Villy JægerBoard member10/02/2022
Flemming Leif JensenBoard member10/02/2022
Founders
Investeringsselskabet af 15. August 1990 ApS, Greba Invest. Århus ApS, Fair Finans Ejendomskreditselskab A/S
Former management (2)
Former management at Cifour A/S
NameRoleAppointedResigned
Gert Baastrup MikkelsenBoard member21/05/201910/02/2022
Klaus Kejlberg SchulzeBoard member21/05/201910/02/2022

Signing rule: Selskabet tegnes af 1 direktør eller 2 bestyrelsesmedlemmer i forening.

Address and production units

1 active production units

Søndergade 2
8000 Aarhus C

Aarhus Municipality · Postcode 8000

Other companies at the address (3)

Production units
Production unitAddressEmployeesP number
Cifour A/SSøndergade 2, 1. th, 8000 Aarhus C31024885425

Purpose

Selskabets formål er dels for egne og dels for lånte midler at investere i danske pantebreve samt dermed beslægtet investeringsvirksomhed i aktier, obligationer og lignende værdipapirer.

The purpose is quoted from the register in Danish.

Changes year by year

56 registered events
20264 changesownership 3 · accounts 1
  • Kim Lund Madsen registered as owner (5%)
  • Malte Lund Vestergaard Madsen registered as owner (5%)
  • Kim Lund Madsen is no longer registered as owner
  • Annual report for 2025 published
20258 changesownership 6 · accounts 1 · industry 1
  • Kjell Sølund is no longer registered as owner
  • INVESTERINGSANPARTSSELSKABET AF 19.03.44 is no longer registered as owner
  • Kjell Sølund registered as owner (5%)
  • INVESTERINGSANPARTSSELSKABET AF 19.03.44 registered as owner (5%)
  • REEDTZ INVEST ApS registered as owner (10%)
  • REEDTZ INVEST ApS is no longer registered as owner
  • Annual report for 2024 published
  • Industry changed to Other financial service activities n.e.c. (649990)
20243 changesownership 2 · accounts 1
  • Frede Andersen Holding anno 2024 ApS registered as owner (10%)
  • FREDE ANDERSEN HOLDING ApS is no longer registered as owner
  • Annual report for 2023 published
20236 changesownership 5 · accounts 1
  • Islands Brygge Invest ApS registered as owner (10%)
  • RETRO INVEST ApS is no longer registered as owner
  • REEDTZ INVEST ApS registered as owner (15%)
  • CIBOR INVEST A/S is no longer registered as owner
  • REEDTZ INVEST ApS is no longer registered as owner
  • Annual report for 2022 published
202222 changesownership 16 · capital 1 · management 4 · accounts 1
  • CIBOR INVEST A/S registered as owner (5%)
  • Jan Flemming Petterson registered as owner (5%)
  • CPH Ejendomskreditselskab A/S is no longer registered as owner
  • Share capital changed from 500,000 DKK to 20,000,000 DKK
  • Villy Jæger appointed board member
  • Flemming Leif Jensen appointed board member
  • Gert Baastrup Mikkelsen stepped down as board member
  • Klaus Kejlberg Schulze stepped down as board member
  • SAVVÆRKSVEJ 2 ApS registered as owner (10%)
  • PANTEBREVSSELSKABET AF 1.4.1992 A/S registered as owner (10%)
  • JÆGER HOLDING A/S registered as owner (10%)
  • MORTEN BAASTRUP MIKKELSEN ApS registered as owner (10%)
  • M. Brusgaard Holding ApS registered as owner (10%)
  • Kim Lund Madsen registered as owner (10%)
  • FREDE ANDERSEN HOLDING ApS registered as owner (10%)
  • REEDTZ INVEST ApS registered as owner (10%)
  • RETRO INVEST ApS registered as owner (10%)
  • CPH Ejendomskreditselskab A/S registered as owner (10%)
  • AH INVEST ApS is no longer registered as owner
  • Fair Finans Ejendomskreditselskab A/S is no longer registered as owner
  • MORTEN BAASTRUP MIKKELSEN ApS is no longer registered as owner
  • Annual report for 2021 published
20211 changeaccounts 1
  • Annual report for 2020 published
20204 changesownership 4
  • MORTEN BAASTRUP MIKKELSEN ApS registered as owner (25%)
  • INVESTERINGSSELSKABET AF 15. AUGUST 1990 ApS is no longer registered as owner
  • AH INVEST ApS registered as owner (33.33%)
  • GREBA INVEST. ÅRHUS ApS is no longer registered as owner
20198 changesfounded 1 · management 4 · ownership 3
  • Registered as Cifour A/S
  • Gert Baastrup Mikkelsen appointed board member
  • Klaus Kejlberg Schulze appointed board member
  • Peter Aggerholm appointed chair of the board
  • Klaus Kejlberg Schulze appointed director
  • Fair Finans Ejendomskreditselskab A/S registered as owner (25%)
  • INVESTERINGSSELSKABET AF 15. AUGUST 1990 ApS registered as owner (25%)
  • GREBA INVEST. ÅRHUS ApS registered as owner (33.33%)

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. The company is protected against advertising; contact details are not shown, and the data must not be used for marketing.

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