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Combinvest Århus A/S

Public limited companyCVR 12828306Aarhus CActive

Combinvest Århus A/S is a public limited company, based in Aarhus C, active in investment on own account, founded in 1989. Net profit rose 1443% from 2025 to 2026, ending at DKK 12m. With 4 employees, the company is about 4 times larger than the industry median. Equity grew to DKK 41.8m in 2026.

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Key figures · financial year 2026

Gross profit−DKK 266k+18.7% vs. 2025
Net profitDKK 12m+1,443.4% vs. 2025
EquityDKK 41.8m+35.9% vs. 2025
Employees4latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2026 against 2025

  • Net profit rose 1,443% (2025 → 2026), to DKK 12m.
  • Equity rose 36% (2025 → 2026), to DKK 41.8m.

Employees

  • 3 more employees than a year earlier: 4 (08/2026) against 1 (08/2025).

Management and owners, last 24 months

  • New owners registered: CaRu Holding ApS (26/06/2025) and Vaanavil Holding ApS (26/06/2025).
  • No longer registered as owner: Hatigua Holding ApS (26/06/2025).

Registrations, last 24 months

  • 26/06/2025: Merger registered in CVR
  • 01/01/2025: Industry changed to Investment on own account (649910)

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 2021–2026 · amounts in DKK thousand

Equity and net profit

−DKK 10mDKK 0DKK 10mDKK 20mDKK 30mDKK 40mDKK 50mDKK 60m202120222023202420252026
EquityNet profit
Financial figures for Combinvest Århus A/S
202120222023202420252026Change
Revenuenot statednot statednot statednot statednot statednot stated–
Gross profit−677−303−325−328−327−266+18.7%
Operating profit (EBIT)−1,310−822−845−849−849−1,180−39.1%
Profit before tax13,973−3,3351,99110,27877915,490+1,889.3%
Net profit11,715−2,5491,0547,92978012,034+1,443.4%
Total assets85,15984,81092,50399,51868,77075,597+9.9%
Equity60,44857,89956,95363,88330,75741,791+35.9%
Liabilities24,71226,91135,19135,63538,01333,794−11.1%
Cash and cash equivalents2,3641,6151,1976414541,217+167.7%
Average number of employees2222220%

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 2021, 2022, 2023, 2024, 2025, 2026: 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 700k−DKK 600k−DKK 500k−DKK 400k−DKK 300k−DKK 200k−DKK 100kDKK 0DKK 100k202120222023202420252026
Gross profitMedian, the industry (655 companies)

Annual reports

6 financial years
Annual reports for Combinvest Århus A/S
Financial yearPeriodPublishedFigures forDocuments
202601/07/2025 – 30/06/202608/10/2026The companyPDF not statedXBRL
202501/07/2024 – 30/06/202526/11/2025The companyPDF not statedXBRL
202401/07/2023 – 30/06/202422/11/2024The companyPDFXBRL
202301/07/2022 – 30/06/202314/12/2023The companyPDFXBRL
202201/07/2021 – 30/06/202222/11/2022The companyPDFXBRL
202101/07/2020 – 30/06/202106/12/2021The 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
01234509/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/2608/26
Employees

Position in the industry

655 companies in the database

Comparison with the other companies in investment on own account based on the latest financial year.

Gross profit−DKK 266kNo. 499 of 623
Better than 20% of the companies in the industry
EquityDKK 41.8mNo. 259 of 655
Better than 61% of the companies in the industry
Number of employees4No. 144 of 655
Better than 78% of the companies in the industry

Industry median: gross profit −DKK 36,065, net profit DKK 364k, equity DKK 22.5m, 1 employees.

DKK 100kDKK 968kDKK 9.4mDKK 90.6mDKK 411.3m
Distribution of gross profit for 255 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. 67,282of 69,742
Better than 4%
No. 3,523of 69,964
Better than 95%
Same industry and fewer than 20 employees636 companies in the comparison
No. 486of 606
Better than 20%
No. 250of 636
Better than 61%
Companies that are at least 30 years old10,276 companies in the comparison
No. 9,866of 10,152
Better than 3%
No. 2,257of 10,275
Better than 78%
All companies of type A/S18,025 companies in the comparison
No. 17,066of 17,786
Better than 4%
No. 4,027of 18,024
Better than 78%

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

Investment on own account
Gross profit
  1. Combinvest Århus A/S−DKK 266k
  2. Obton A/SDKK 876.4m
  3. MS2 Holding ApSDKK 841.3m
Net profit
  1. Combinvest Århus A/SDKK 12m
  2. Obton A/SDKK 463.9m
  3. MS2 Holding ApSDKK 136.9m
Equity
  1. Combinvest Århus A/SDKK 41.8m
  2. Obton A/S−DKK 219.2m
  3. MS2 Holding ApSDKK 1.2bn
Employees
  1. Combinvest Århus A/S4
  2. Obton A/S11
  3. MS2 Holding ApS7

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
  • CaRu Holding ApS50%
  • Vaanavil Holding ApS50%
Combinvest Århus A/S

Management

5 active registrations

Executive management

Executive management at Combinvest Århus A/S
NameRoleAppointed
John Thierry AndersenDirector01/02/1989

Board of directors

Board of directors at Combinvest Århus A/S
NameRoleAppointed
Ingrid Merete Bahn AndersenBoard member01/02/1989
John Thierry AndersenBoard member01/02/1989
Lica Thierry AndersenBoard member01/02/1989
Camilla Thierry TherkildsenBoard member20/10/1997
Founders
VX 10.312 ApS, Medimex ApS, ApS Hvkmd 5 Nr. 555, Pehsb ApS
Former management (5)
Former management at Combinvest Århus A/S
NameRoleAppointedResigned
Ulf Svejgaard PoulsenBoard member01/02/198914/06/1989
Susanne Saul StakemannChair of the board01/02/198914/06/1989
Niels SkovgaardBoard member01/02/198903/12/1991
Per Emil Hasselbalch StakemannBoard member01/02/198914/06/1989
Per Emil Hasselbalch StakemannDirector01/02/198914/06/1989

Signing rule: Selskabet tegnes af 2 medlemmer af bestyrelsen i forening eller af direktøren alene

Address and production units

1 active production units

Marselisborg Havnevej 56
8000 Aarhus C

Aarhus Municipality · Postcode 8000

Production units
Production unitAddressEmployeesP number
COMBINVEST ÅRHUS A/SMarselisborg Havnevej 56, st. tv, 8000 Aarhus C41000452387

Purpose

Selskabets formål er investering i værdipapirer, finansiering, valutahandel, ejendomsadministration og tilsvarende virksomhed.

The purpose is quoted from the register in Danish.

Changes year by year

42 registered events
20261 changeaccounts 1
  • Annual report for 2026 published
20256 changesaccounts 1 · ownership 3 · merger 1 · industry 1
  • Annual report for 2025 published
  • CaRu Holding ApS registered as owner (50%)
  • Vaanavil Holding ApS registered as owner (50%)
  • HATIGUA HOLDING ApS is no longer registered as owner
  • Merger registered in CVR
  • Industry changed to Investment on own account (649910)
20241 changeaccounts 1
  • Annual report for 2024 published
20231 changeaccounts 1
  • Annual report for 2023 published
20221 changeaccounts 1
  • Annual report for 2022 published
20215 changesaccounts 1 · address 1 · ownership 2 · merger 1
  • Annual report for 2021 published
  • Moved to Marselisborg Havnevej 56, st. tv, 8000 Aarhus C
  • HATIGUA HOLDING ApS registered as owner (100%)
  • Merger registered in CVR
  • COMB-ESTATE A/S is no longer registered as owner
20202 changesaddress 2
  • Moved to Strandvejen 104, 8000 Aarhus C
  • Moved to Strandvejen 104, 8000 Aarhus C
20191 changeaddress 1
  • Moved to Strandvejen 104, 8000 Aarhus C
20181 changeaddress 1
  • Moved to Strandvejen 104, 8000 Aarhus C
20031 changeindustry 1
  • Industry changed to Investeringsselskaber (652320)
19971 changemanagement 1
  • Camilla Thierry Therkildsen appointed board member
19911 changemanagement 1
  • Niels Skovgaard stepped down as board member
19902 changescapital 1 · ownership 1
  • Share capital changed from 10,000,000 DKK to 15,000,000 DKK
  • COMB-ESTATE A/S registered as owner (100%)
198918 changesname 2 · capital 2 · management 13 · founded 1
  • Name changed from COMBIINVEST ÅRHUS A/S to COMBINVEST ÅRHUS A/S
  • Share capital changed from 1,000,000 DKK to 10,000,000 DKK
  • Name changed from A/S PSE NR. 3037 to COMBIINVEST ÅRHUS A/S
  • Share capital changed from 300,000 DKK to 1,000,000 DKK
  • Susanne Saul Stakemann stepped down as chair of the board
  • Per Emil Hasselbalch Stakemann stepped down as board member
  • Per Emil Hasselbalch Stakemann stepped down as director
  • Ulf Svejgaard Poulsen stepped down as board member
  • Registered as A/S PSE NR. 3037
  • Susanne Saul Stakemann appointed chair of the board
  • Niels Skovgaard appointed board member
  • Per Emil Hasselbalch Stakemann appointed board member
  • Per Emil Hasselbalch Stakemann appointed director
  • Ulf Svejgaard Poulsen appointed board member
  • John Thierry Andersen appointed board member
  • John Thierry Andersen appointed director
  • Lica Thierry Andersen appointed board member
  • Ingrid Merete Bahn Andersen appointed board member

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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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