Cluedin ApS

Private limited companyCVR 36548681RingstedActive

Cluedin ApS is a private limited company, based in Ringsted, active in other software publishing, founded in 2015. The company made a loss in both 2024 and 2025, most recently DKK 1.3m. Equity fell to DKK 4.5m in 2025.

PDF report Compare

Key figures · financial year 2025

RevenueDKK 4.9m+4.2% vs. 2024

Net profit−DKK 1.3m+32.6% vs. 2024

EquityDKK 4.5m−22.4% vs. 2024

Employees3latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

Revenue rose 4% (2024 → 2025), to DKK 4.9m.
The loss got smaller: from DKK 2m to DKK 1.3m (2024 → 2025).
Equity fell 22% (2024 → 2025), to DKK 4.5m.

Employees

1 fewer employees than a year earlier: 3 (07/2026) against 4 (07/2025).

Management and owners, last 24 months

New in management: Alexandra Katherine Goodway (board member, 10/07/2025) and Nils Christopher Joseph Howland (board member, 02/01/2025).
Stepped down: Pierre Ghislain Derval (board member, 21/01/2026), Mina Mutafchieva (board member, 02/01/2025) and Nils Christopher Joseph Howland (board member, 10/07/2025).

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

EquityNet profit

Financial figures for Cluedin ApS
	2020	2021	2022	2023	2024	2025	Change
Revenue	not stated	not stated	1,763	4,274	4,739	4,936	+4.2%
Gross profit	2,057	−1,703	1,642	3,979	4,360	4,346	−0.3%
Operating profit (EBIT)	−1,216	−6,843	−4,940	−3,668	−2,306	−1,576	+31.7%
Profit before tax	−1,343	−6,824	−4,998	−3,535	−2,380	−1,676	+29.6%
Net profit	−1,050	−5,944	−4,688	−3,143	−1,952	−1,315	+32.6%
Total assets	9,794	97,399	13,206	11,851	13,510	12,276	−9.1%
Equity	235	92,977	10,893	7,744	5,770	4,477	−22.4%
Liabilities	9,559	4,422	−2,313	4,107	7,740	7,799	+0.8%
Cash and cash equivalents	6,445	89,906	9,099	5,896	6,266	4,141	−33.9%
Average number of employees	8	9	–	–	–	–	–

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: 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

Compare with the industry (499 companies)

Gross profitMedian, the industry (499 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 Cluedin ApS
Financial year	Period	Published	Figures for	Documents
2025	01/07/2024 – 30/06/2025	30/12/2025	The company	PDF not statedXBRL
2024	01/07/2023 – 30/06/2024	19/12/2024	The company	PDF not statedXBRL
2023	01/07/2022 – 30/06/2023	15/12/2023	The company	PDF not statedXBRL
2022	01/07/2021 – 30/06/2022	02/12/2022	The company	PDF not statedXBRL
2021	01/07/2020 – 30/06/2021	08/12/2021	The company	PDF XBRL
2020	01/07/2019 – 30/06/2020	30/11/2020	The company	PDF XBRL

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

Employees

Position in the industry

499 companies in the database

Comparison with the other companies in other software publishing based on the latest financial year.

Gross profitDKK 4.3mNo. 210 of 494

Better than 58% of the companies in the industry

EquityDKK 4.5mNo. 143 of 499

Better than 71% of the companies in the industry

Number of employees3No. 281 of 499

Better than 44% of the companies in the industry

Industry median: gross profit DKK 2.9m, net profit DKK 42,450, equity DKK 1.1m, 4 employees.

Distribution of gross profit for 427 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
Group	Gross profit	Equity
Companies with fewer than 20 employees69,967 companies in the comparison	No. 15,665of 69,742 Better than 78%	No. 15,203of 69,964 Better than 78%
Same industry and fewer than 20 employees406 companies in the comparison	No. 125of 404 Better than 69%	No. 80of 406 Better than 80%
Companies that are between 5 and 14 years old33,688 companies in the comparison	No. 9,730of 33,588 Better than 71%	No. 6,566of 33,687 Better than 81%
All companies of type ApS66,508 companies in the comparison	No. 15,836of 66,379 Better than 76%	No. 12,155of 66,505 Better than 82%

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 software publishing

Gross profit

Cluedin ApSDKK 4.3m
Milestone Systems A/SDKK 2bn
Visma e-conomic A/SDKK 880.2m

Net profit

Cluedin ApS−DKK 1.3m
Milestone Systems A/SDKK 183.4m
Visma e-conomic A/SDKK 456.2m

Equity

Cluedin ApSDKK 4.5m
Milestone Systems A/SDKK 1.7bn
Visma e-conomic A/SDKK 471.5m

Employees

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

Jerrong ApS15%
Martin Hyldahl Holding ApS15%
Refactoring ApS15%
Dervel Holding ApS15%
Nordic Makers 28 Cluedin ApS5%
Dawn Capital Iv Scsp15%

Cluedin ApS

Management

4 active registrations

Executive management

Executive management at Cluedin ApS
Name	Role	Appointed
Timothy Daniel Ward	CEO	23/02/2015

Board of directors

Board of directors at Cluedin ApS
Name	Role	Appointed
Martin Sixhøj Hyldahl	Board member	23/02/2015
Timothy Daniel Ward	Chair of the board	19/03/2021
Alexandra Katherine Goodway	Board member	10/07/2025

Auditor: Grant Thornton, Godkendt Revisionspartnerselskab
Founders: Martin Hyldahl Holding ApS, Magius Holding IVS, Jerrong ApS, Pierre Ghislain Derval, Philipp Alexander Heltewig

Former management (4)

Former management at Cluedin ApS
Name	Role	Appointed	Resigned
Pierre Ghislain Derval	Board member	23/02/2015	21/01/2026
Philipp Alexander Heltewig	Chair of the board	23/02/2015	19/03/2021
Mina Mutafchieva	Board member	19/03/2021	02/01/2025
Nils Christopher Joseph Howland	Board member	02/01/2025	10/07/2025

Signing rule: Selskabet tegnes af (i) bestyrelsens formand i forening med den administrerende direktør, (ii) 2 bestyrelsesmedlemmer i forening eller (iii) den samlede bestyrelse.

Address and production units

1 active production units

Hagelbjergvej 8
4100 Ringsted

Ringsted Municipality · Postcode 4100

Production units
Production unit	Address	Industry	Employees	P number
CLUEDIN ApS	Hagelbjergvej 8, 4100 Ringsted	Other software publishing	3	1020176632

Purpose

Selskabets formål er at levere productivity software solutions samt al virksomhed, som efter bestyrelsens skøn har forbindelse hermed.

The purpose is quoted from the register in Danish.

Changes year by year

49 registered events

102015

12016

62017

12018

12019

12020

182021

22022

22023

12024

52025

12026

20261 changemanagement 1

21/01ManagementPierre Ghislain Derval stepped down as board member

20255 changesaccounts 1 · management 4

30/12AccountsAnnual report for 2025 published
10/07ManagementAlexandra Katherine Goodway appointed board member
10/07ManagementNils Christopher Joseph Howland stepped down as board member
02/01ManagementNils Christopher Joseph Howland appointed board member
02/01ManagementMina Mutafchieva stepped down as board member

20241 changeaccounts 1

19/12AccountsAnnual report for 2024 published

20232 changesaccounts 1 · address 1

15/12AccountsAnnual report for 2023 published
04/07AddressMoved to Hagelbjergvej 8, 4100 Ringsted

20222 changesaccounts 1 · address 1

02/12AccountsAnnual report for 2022 published
04/07AddressMoved to Kay Fiskers Plads 10, 2300 København S

202118 changesaccounts 1 · capital 1 · management 3 · ownership 13

08/12AccountsAnnual report for 2021 published
19/03CapitalShare capital changed from 72,968 DKK to 93,994 DKK
19/03ManagementMina Mutafchieva appointed board member
19/03ManagementTimothy Daniel Ward appointed chair of the board
19/03ManagementPhilipp Alexander Heltewig stepped down as chair of the board
19/03OwnershipJERRONG ApS registered as owner (15%)
19/03OwnershipDAWN CAPITAL IV SCSp registered as owner (15%)
19/03OwnershipNordic Makers 28 Cluedin ApS registered as owner (5%)
19/03OwnershipDervel Holding ApS registered as owner (15%)
19/03OwnershipRefactoring ApS registered as owner (15%)
19/03OwnershipMARTIN HYLDAHL HOLDING ApS registered as owner (15%)
19/03OwnershipBIOSTRAT BIOTECH CONSULTING ApS is no longer registered as owner
19/03OwnershipGATE Invest ApS is no longer registered as owner
19/03OwnershipPhilipp Alexander Heltewig is no longer registered as owner
18/03OwnershipDervel Holding ApS is no longer registered as owner
18/03OwnershipRefactoring ApS is no longer registered as owner
18/03OwnershipJERRONG ApS is no longer registered as owner
18/03OwnershipMARTIN HYLDAHL HOLDING ApS is no longer registered as owner

20201 changeaccounts 1

30/11AccountsAnnual report for 2020 published

20191 changecapital 1

17/10CapitalShare capital changed from 68,523 DKK to 72,968 DKK

20181 changeownership 1

21/12OwnershipBIOSTRAT BIOTECH CONSULTING ApS registered as owner (5%)

20176 changesownership 4 · address 1 · capital 1

07/11OwnershipDervel Holding ApS registered as owner (20%)
07/11OwnershipPierre Ghislain Derval is no longer registered as owner
15/08AddressMoved to Titangade 11, 2200 København N
13/01OwnershipGATE Invest ApS registered as owner (5%)
13/01OwnershipRefactoring ApS registered as owner (20%)
10/01CapitalShare capital changed from 50,000 DKK to 68,523 DKK

20161 changeaddress 1

16/09AddressMoved to Nitivej 10, 2000 Frederiksberg

201510 changesindustry 1 · founded 1 · management 4 · ownership 4

01/10IndustryIndustry changed to Other software publishing (582900)
23/02FoundedRegistered as CLUEDIN ApS
23/02ManagementMartin Sixhøj Hyldahl appointed board member
23/02ManagementPhilipp Alexander Heltewig appointed chair of the board
23/02ManagementPierre Ghislain Derval appointed board member
23/02ManagementTimothy Daniel Ward appointed ceo
23/02OwnershipJERRONG ApS registered as owner (20%)
23/02OwnershipPhilipp Alexander Heltewig registered as owner (5%)
23/02OwnershipPierre Ghislain Derval registered as owner (20%)
23/02OwnershipMARTIN HYLDAHL HOLDING ApS registered as owner (20%)

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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.

View in CVR Report a correction