COWI Holding A/S
Public limited companyCVR 32892973Kgs.LyngbyActive
COWI Holding A/S is a public limited company, based in Kgs.Lyngby, active in business and other management consultancy activities, founded in 2010. Net profit rose 81% from 2024 to 2025, ending at DKK 374m. Measured by gross profit, it ranks no. 1 of 2,358 companies in the industry in the database. With 12 employees, the company is about 6 times larger than the industry median.
Key figures · financial year 2025
RevenueDKK 8.3bn−1.1% vs. 2024
Net profitDKK 374m+80.7% vs. 2024
EquityDKK 2bn+13.2% vs. 2024
Employees12latest month from CVR
What has changed
calculated from recorded figures and datesFinancials: 2025 against 2024
- Gross profit fell 2% (2024 → 2025), to DKK 7bn.
- Revenue fell 1% (2024 → 2025), to DKK 8.3bn.
- Net profit rose 81% (2024 → 2025), to DKK 374m.
- Equity rose 13% (2024 → 2025), to DKK 2bn.
Management and owners, last 24 months
- New in management: Åse Lund Bøe (deputy board member, 01/02/2025), Susanne Renée Grunkin (deputy board member, 01/02/2025) and René Holm Gundersen (board member, 01/02/2025).
- Stepped down: Mads Brandt Rasmussen (board member, 01/02/2025), Victoria Mercedes Hachmann (deputy board member, 01/02/2025) and René Holm Gundersen (deputy board member, 31/01/2025).
- New owners registered: Cowifonden (07/02/2025) and COWIfonden Invest ApS (07/02/2025).
- No longer registered as owner: Cowifonden (06/02/2025).
Registrations, last 24 months
- 01/01/2025: Industry changed to Business and other management consultancy activities (702000)
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 thousandEquity and net profit
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change | |
|---|---|---|---|---|---|---|---|
| Revenue | 6,429,858 | 6,568,646 | 7,326,172 | 7,858,000 | 8,361,000 | 8,268,000 | −1.1% |
| Gross profit | 5,503,564 | 5,657,340 | 6,277,713 | 6,791,000 | 7,132,000 | 7,016,000 | −1.6% |
| Operating profit (EBIT) | 318,288 | 218,538 | 306,456 | 343,000 | 272,000 | 499,000 | +83.5% |
| Profit before tax | 304,716 | 214,366 | 246,891 | 374,000 | 305,000 | 515,000 | +68.9% |
| Net profit | 211,755 | 145,905 | 159,577 | 236,000 | 207,000 | 374,000 | +80.7% |
| Total assets | 3,989,905 | 3,826,944 | 3,705,526 | 4,032,000 | 4,065,000 | 4,366,000 | +7.4% |
| Equity | 1,434,219 | 1,468,982 | 1,513,101 | 1,653,000 | 1,750,000 | 1,981,000 | +13.2% |
| Liabilities | 2,037,956 | 1,839,710 | 1,693,463 | 1,889,000 | 1,806,000 | 1,829,000 | +1.3% |
| Cash and cash equivalents | 745,432 | 305,514 | 240,933 | 267,000 | 286,000 | 508,000 | +77.6% |
| Average number of employees | 6,927 | 6,746 | 7,156 | 7,997 | 7,562 | 7,511 | −0.7% |
Source: annual reports filed with the Danish Business Authority (XBRL). Group figures; 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
Signals from the financial statements
calculated from the 2025 figuresProfit 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| Financial year | Period | Published | Figures for | Documents |
|---|---|---|---|---|
| 2025 | 01/01/2025 – 31/12/2025 | 09/04/2026 | The group | PDF not statedXBRL |
| 2024 | 01/01/2024 – 31/12/2024 | 10/04/2025 | The group | PDFXBRL |
| 2023 | 01/01/2023 – 31/12/2023 | 09/04/2024 | The group | PDFXBRL |
| 2022 | 01/01/2022 – 31/12/2022 | 17/03/2023 | The group | PDFXBRL |
| 2021 | 01/01/2021 – 31/12/2021 | 01/04/2022 | The group | PDFXBRL |
| 2020 | 01/01/2020 – 31/12/2020 | 31/03/2021 | The group | PDFXBRL |
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 CVRPosition in the industry
2,370 companies in the databaseComparison with the other companies in business and other management consultancy activities based on the latest financial year.
Gross profitDKK 7bnNo. 1 of 2,358
Better than 100% of the companies in the industry
EquityDKK 2bnNo. 5 of 2,369
Better than 100% of the companies in the industry
Number of employees12No. 2 of 2,370
Better than 100% of the companies in the industry
Industry median: gross profit DKK 1.3m, net profit DKK 170k, equity DKK 974k, 2 employees.
Compared with similar companies
size, age and company form| Group | Gross profit | Equity |
|---|---|---|
| Companies with fewer than 20 employees69,967 companies in the comparison | No. 4of 69,742 Better than 100% | No. 99of 69,964 Better than 100% |
| Same industry and fewer than 20 employees2,220 companies in the comparison | No. 1of 2,210 Better than 100% | No. 4of 2,219 Better than 100% |
| Companies that are between 15 and 29 years old24,910 companies in the comparison | No. 11of 24,791 Better than 100% | No. 112of 24,909 Better than 100% |
| All companies of type A/S18,025 companies in the comparison | No. 22of 17,786 Better than 100% | No. 237of 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
Business and other management consultancy activitiesGross profit
- COWI Holding A/SDKK 7bn
- Accenture A/SDKK 1.1bn
- Gts Nordic ApSDKK 968.5m
Net profit
- COWI Holding A/SDKK 374m
- Accenture A/SDKK 116.1m
- Gts Nordic ApSDKK 11.1m
Equity
- COWI Holding A/SDKK 2bn
- Accenture A/SDKK 642m
- Gts Nordic ApSDKK 26.7m
Employees
- COWI Holding A/S12
- Accenture A/S977
- Gts Nordic ApS582
Latest financial year per company. Choose up to three companies from the largest in the industry.
Owners and group
from the Public Ownership RegisterOwners
- COWI Holding A/S10% · 0% votes
- Cowifonden66.67%
- COWIfonden Invest ApS10%
COWI Holding A/S
Subsidiaries and ownership shares
Subsidiaries are shown only if they are in the database.
Management
15 active registrationsExecutive management
| Name | Role | Appointed |
|---|---|---|
| Natalie Ghazale Shaverdian Riise-Knudsen | Director | 01/09/2021 |
| Jens Højgaard Christoffersen | CEO | 01/10/2022 |
| Marius Weydahl Berg | Director | 01/01/2023 |
Board of directors
| Name | Role | Appointed |
|---|---|---|
| Jukka Pekka Pertola | Chair of the board | 25/03/2021 |
| Anne Marit Harris | Board member | 25/03/2021 |
| Carsten Bjerg | Deputy chair | 30/03/2022 |
| Pierre Stefan Olofsson | Board member | 30/03/2022 |
| Ivor Douglas Catto | Board member | 15/03/2023 |
| Jeanette Løgstrup | Board member | 15/03/2023 |
| Ingrid Gabrielsen Klokk | Board member | 20/03/2024 |
| Annette Andersen | Board member | 20/03/2024 |
| Bjørn Christian Kvisvik | Deputy board member | 20/03/2024 |
| Åse Lund Bøe | Deputy board member | 01/02/2025 |
| Susanne Renée Grunkin | Deputy board member | 01/02/2025 |
| René Holm Gundersen | Board member | 01/02/2025 |
- Founders
- Cowifonden
Former management (46)
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| Thomas Stig Plenborg | Board member | 07/05/2010 | 25/03/2021 |
| Majken Schultz | Board member | 07/05/2010 | 31/03/2011 |
| Mogens Heering | Deputy chair | 07/05/2010 | 31/12/2011 |
| Henrik Gürtler | Chair of the board | 07/05/2010 | 21/03/2013 |
| Jørgen Vilhelm Løvenørn Bardenfleth | Board member | 07/05/2010 | 27/03/2014 |
| Keld Sørensen | Director | 07/05/2010 | 16/03/2015 |
| Niels Fog | Board member | 07/05/2010 | 29/03/2017 |
| Lars Peter Søbye | CEO | 07/05/2010 | 01/10/2022 |
| Rasmus Ødum | Director | 07/05/2010 | 29/01/2024 |
| Lone Askjær Hass | Director | 07/05/2010 | 17/08/2012 |
| Hans Ole Voigt | Board member | 31/03/2011 | 30/03/2017 |
| Michael Bindseil | Deputy chair | 29/03/2012 | 27/03/2014 |
| Steen Riisgaard | Chair of the board | 21/03/2013 | 25/03/2021 |
| Jens Erik Blumensaadt Jensen | Deputy board member | 27/03/2014 | 30/03/2017 |
| Jens Brendstrup | Deputy board member | 27/03/2014 | 29/03/2017 |
| Lars Green Lauridsen | Board member | 27/03/2014 | 30/03/2016 |
| Uffe Sophus Hjort | Board member | 27/03/2014 | 25/03/2020 |
| Grete Faremo | Board member | 27/03/2014 | 23/06/2014 |
| Kirsti Ranum Engebretsen Larssen | Deputy chair | 27/03/2014 | 31/03/2016 |
| Margareta Caroline Magnusson | Board member | 27/03/2014 | 30/03/2017 |
| Bengt Christer Niland | Deputy board member | 27/03/2014 | 30/03/2017 |
| Jukka Pekka Pertola | Board member | 26/03/2015 | 21/03/2018 |
| Tomas Bergendahl | Director | 13/05/2015 | 27/04/2021 |
| Lars Green Lauridsen | Deputy chair | 31/03/2016 | 22/03/2018 |
| Torbjörn Hasse Spetz | Board member | 31/03/2016 | 28/03/2019 |
| Henriette Hallberg Thygesen | Board member | 30/03/2017 | 24/03/2021 |
| Niels Fog | Deputy board member | 30/03/2017 | 25/02/2020 |
| Jens Brendstrup | Board member | 30/03/2017 | 26/03/2020 |
| Nina Banke Hingeberg | Deputy board member | 30/03/2017 | 31/10/2017 |
| Marius Sekse | Board member | 30/03/2017 | 26/03/2020 |
| Martin Holmberg | Deputy board member | 30/03/2017 | 26/03/2020 |
| Jukka Pekka Pertola | Deputy chair | 22/03/2018 | 24/03/2021 |
| Henrik Andersen | Board member | 22/03/2018 | 15/03/2023 |
| Birgit Farstad Larsen | Board member | 28/03/2019 | 17/01/2023 |
| Jens Højgaard Christoffersen | Director | 01/01/2020 | 30/09/2022 |
| Niels Fog | Board member | 26/02/2020 | 20/03/2024 |
| Jasper Kyndi | Board member | 26/03/2020 | 20/03/2024 |
| Uffe Sophus Hjort | Deputy board member | 26/03/2020 | 20/03/2024 |
| Mads Brandt Rasmussen | Deputy board member | 26/03/2020 | 19/03/2024 |
| Eva Sara Kristin Sandberg | Board member | 26/03/2020 | 20/03/2024 |
| Annica Suzanna Ellinor Westerdahl | Deputy board member | 26/03/2020 | 20/03/2024 |
| Henriette Hallberg Thygesen | Deputy chair | 25/03/2021 | 30/03/2022 |
| Carsten Bjerg | Board member | 25/03/2021 | 29/03/2022 |
| Mads Brandt Rasmussen | Board member | 20/03/2024 | 01/02/2025 |
| Victoria Mercedes Hachmann | Deputy board member | 20/03/2024 | 01/02/2025 |
| René Holm Gundersen | Deputy board member | 20/03/2024 | 31/01/2025 |
Signing rule: Selskabet tegnes af den samlede bestyrelse eller af et bestyrelsesmedlem sammen med en direktør eller af to direktører i forening.
Address and production units
1 active production unitsParallelvej 2
2800 Kgs.Lyngby
Lyngby-Taarbæk Municipality · Postcode 2800
Other companies at the address (1)
- COWI A/SEngineering consultancy in construction and civil engineering
| Production unit | Address | Employees | P number |
|---|---|---|---|
| COWI HOLDING A/S | Parallelvej 2, 2800 Kgs.Lyngby | 12 | 1016036028 |
Purpose
Selskabets formål er at drive holding-virksomhed, herunder som øverste moder- og holdingselskab i COWI-koncernen, samt dermed forbundet virksomhed, herunder at yde finansiel og administrativ bistand til koncernselskaberne.
The purpose is quoted from the register in Danish.
Changes year by year
128 registered events42015
42016
142017
42018
42019
122020
102021
82022
82023
142024
112025
12026
20261 changeaccounts 1
- AccountsAnnual report for 2025 published
202511 changesaccounts 1 · ownership 3 · management 6 · industry 1
- AccountsAnnual report for 2024 published
- OwnershipCOWIFONDEN registered as owner (66.67%)
- OwnershipCOWIfonden Invest ApS registered as owner (10%)
- OwnershipCOWIFONDEN is no longer registered as owner
- ManagementÅse Lund Bøe appointed deputy board member
- ManagementSusanne Renée Grunkin appointed deputy board member
- ManagementRené Holm Gundersen appointed board member
- ManagementVictoria Mercedes Hachmann stepped down as deputy board member
- ManagementMads Brandt Rasmussen stepped down as board member
- ManagementRené Holm Gundersen stepped down as deputy board member
- IndustryIndustry changed to Business and other management consultancy activities (702000)
202414 changesaccounts 1 · management 13
- AccountsAnnual report for 2023 published
- ManagementAnnette Andersen appointed board member
- ManagementRené Holm Gundersen appointed deputy board member
- ManagementVictoria Mercedes Hachmann appointed deputy board member
- ManagementMads Brandt Rasmussen appointed board member
- ManagementBjørn Christian Kvisvik appointed deputy board member
- ManagementIngrid Gabrielsen Klokk appointed board member
- ManagementAnnica Suzanna Ellinor Westerdahl stepped down as deputy board member
- ManagementEva Sara Kristin Sandberg stepped down as board member
- ManagementJasper Kyndi stepped down as board member
- ManagementUffe Sophus Hjort stepped down as deputy board member
- ManagementNiels Fog stepped down as board member
- ManagementMads Brandt Rasmussen stepped down as deputy board member
- ManagementRasmus Ødum stepped down as director
20238 changesownership 2 · accounts 1 · management 5
- OwnershipCOWI HOLDING A/S registered as owner (10%)
- OwnershipCOWI HOLDING A/S is no longer registered as owner
- AccountsAnnual report for 2022 published
- ManagementIvor Douglas Catto appointed board member
- ManagementJeanette Løgstrup appointed board member
- ManagementHenrik Andersen stepped down as board member
- ManagementBirgit Farstad Larsen stepped down as board member
- ManagementMarius Weydahl Berg appointed director
20228 changesmanagement 7 · accounts 1
- ManagementJens Højgaard Christoffersen appointed ceo
- ManagementLars Peter Søbye stepped down as ceo
- ManagementJens Højgaard Christoffersen stepped down as director
- AccountsAnnual report for 2021 published
- ManagementCarsten Bjerg appointed deputy chair
- ManagementPierre Stefan Olofsson appointed board member
- ManagementHenriette Hallberg Thygesen stepped down as deputy chair
- ManagementCarsten Bjerg stepped down as board member
202110 changesmanagement 9 · accounts 1
- ManagementNatalie Ghazale Shaverdian Riise-Knudsen appointed director
- ManagementTomas Bergendahl stepped down as director
- AccountsAnnual report for 2020 published
- ManagementAnne Marit Harris appointed board member
- ManagementJukka Pekka Pertola appointed chair of the board
- ManagementCarsten Bjerg appointed board member
- ManagementHenriette Hallberg Thygesen appointed deputy chair
- ManagementSteen Riisgaard stepped down as chair of the board
- ManagementJukka Pekka Pertola stepped down as deputy chair
- ManagementHenriette Hallberg Thygesen stepped down as board member
202012 changesmanagement 12
- ManagementMads Brandt Rasmussen appointed deputy board member
- ManagementAnnica Suzanna Ellinor Westerdahl appointed deputy board member
- ManagementEva Sara Kristin Sandberg appointed board member
- ManagementJasper Kyndi appointed board member
- ManagementUffe Sophus Hjort appointed deputy board member
- ManagementMartin Holmberg stepped down as deputy board member
- ManagementJens Brendstrup stepped down as board member
- ManagementMarius Sekse stepped down as board member
- ManagementUffe Sophus Hjort stepped down as board member
- ManagementNiels Fog appointed board member
- ManagementNiels Fog stepped down as deputy board member
- ManagementJens Højgaard Christoffersen appointed director
20194 changesownership 1 · management 2 · capital 1
- OwnershipCOWI HOLDING A/S registered as owner (5%)
- ManagementBirgit Farstad Larsen appointed board member
- ManagementTorbjörn Hasse Spetz stepped down as board member
- CapitalShare capital changed from 282,200,500 DKK to 286,593,700 DKK
20184 changesmanagement 4
- ManagementJukka Pekka Pertola appointed deputy chair
- ManagementHenrik Andersen appointed board member
- ManagementLars Green Lauridsen stepped down as deputy chair
- ManagementJukka Pekka Pertola stepped down as board member
201714 changesmanagement 13 · industry 1
- ManagementNina Banke Hingeberg stepped down as deputy board member
- ManagementMartin Holmberg appointed deputy board member
- ManagementHenriette Hallberg Thygesen appointed board member
- ManagementNiels Fog appointed deputy board member
- ManagementJens Brendstrup appointed board member
- ManagementNina Banke Hingeberg appointed deputy board member
- ManagementMarius Sekse appointed board member
- ManagementJens Erik Blumensaadt Jensen stepped down as deputy board member
- ManagementBengt Christer Niland stepped down as deputy board member
- ManagementMargareta Caroline Magnusson stepped down as board member
- ManagementHans Ole Voigt stepped down as board member
- ManagementJens Brendstrup stepped down as deputy board member
- ManagementNiels Fog stepped down as board member
- IndustryIndustry changed to Virksomhedsrådgivning og anden rådgivning om driftsledelse (702200)
20164 changesmanagement 4
- ManagementTorbjörn Hasse Spetz appointed board member
- ManagementLars Green Lauridsen appointed deputy chair
- ManagementKirsti Ranum Engebretsen Larssen stepped down as deputy chair
- ManagementLars Green Lauridsen stepped down as board member
20154 changesmanagement 3 · capital 1
- ManagementTomas Bergendahl appointed director
- CapitalShare capital changed from 283,000,000 DKK to 282,200,500 DKK
- ManagementJukka Pekka Pertola appointed board member
- ManagementKeld Sørensen stepped down as director
201411 changesmanagement 11
- ManagementGrete Faremo stepped down as board member
- ManagementGrete Faremo appointed board member
- ManagementUffe Sophus Hjort appointed board member
- ManagementLars Green Lauridsen appointed board member
- ManagementJens Brendstrup appointed deputy board member
- ManagementJens Erik Blumensaadt Jensen appointed deputy board member
- ManagementBengt Christer Niland appointed deputy board member
- ManagementMargareta Caroline Magnusson appointed board member
- ManagementKirsti Ranum Engebretsen Larssen appointed deputy chair
- ManagementMichael Bindseil stepped down as deputy chair
- ManagementJørgen Vilhelm Løvenørn Bardenfleth stepped down as board member
20133 changescapital 1 · management 2
- CapitalShare capital changed from 280,500,000 DKK to 283,000,000 DKK
- ManagementSteen Riisgaard appointed chair of the board
- ManagementHenrik Gürtler stepped down as chair of the board
20123 changesmanagement 2 · capital 1
- ManagementLone Askjær Hass stepped down as director
- CapitalShare capital changed from 275,694,500 DKK to 280,500,000 DKK
- ManagementMichael Bindseil appointed deputy chair
20114 changesmanagement 3 · capital 1
- ManagementMogens Heering stepped down as deputy chair
- CapitalShare capital changed from 267,800,500 DKK to 275,694,500 DKK
- ManagementHans Ole Voigt appointed board member
- ManagementMajken Schultz stepped down as board member
201013 changescapital 2 · ownership 1 · founded 1 · management 9
- CapitalShare capital changed from 257,562,500 DKK to 267,800,500 DKK
- CapitalShare capital changed from 225,001,000 DKK to 257,562,500 DKK
- OwnershipCOWIFONDEN registered as owner (66.67%)
- FoundedRegistered as COWI HOLDING A/S
- ManagementMajken Schultz appointed board member
- ManagementLone Askjær Hass appointed director
- ManagementRasmus Ødum appointed director
- ManagementLars Peter Søbye appointed ceo
- ManagementNiels Fog appointed board member
- ManagementKeld Sørensen appointed director
- ManagementJørgen Vilhelm Løvenørn Bardenfleth appointed board member
- ManagementHenrik Gürtler appointed chair of the board
- ManagementMogens Heering appointed deputy chair
Related companies
Same industry in Lyngby-Taarbæk
- Computershare A/S27 employees
- 44 East ApS19 employees
- Weel & Sandvig Energi og Procesinnovation ApS18 employees
- Howden Financial Advisory ApS18 employees
- Talents Unlimited Denmark ApS16 employees
- PharmaLex Denmark A/S15 employees
Same people in management
- Novo Nordisk A/Svia Henrik Gürtler
- Danske Bank A/Svia Majken Schultz
- Danish Crown A/Svia Majken Schultz
- Siemens Gamesa Renewable Energy A/Svia Jukka Pekka Pertola
- Tryg Forsikring A/Svia Jukka Pekka Pertola
- Novozymes A/Svia Henrik Gürtler
Largest in the industry
- Accenture A/SDKK 1.1bn
- Gts Nordic ApSDKK 968.5m
- CODAN Companies ApSDKK 877.7m
- Ferrosan Medical Devices Group A/SDKK 799.1m
- Stibo Complete Group A/SDKK 613.9m
- Danish Agro Machinery Holding A/SDKK 565.1m
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.