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Cvation A/S

Public limited companyCVR 35633162København ØActive

Cvation A/S is a public limited company, based in København Ø, active in computer programming activities, founded in 2014. Net profit rose 27% from 2024 to 2025, ending at DKK 32.7m. Profit has grown three years in a row. With 115 employees, the company is about 29 times larger than the industry median.

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Key figures · financial year 2025

RevenueDKK 160.2m+18.2% vs. 2024
Net profitDKK 32.7m+26.8% vs. 2024
EquityDKK 54m+72.7% vs. 2024
Employees115latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Gross profit rose 24% (2024 → 2025), to DKK 139.7m.
  • Revenue rose 18% (2024 → 2025), to DKK 160.2m.
  • Net profit rose 27% (2024 → 2025), to DKK 32.7m.
  • Equity rose 73% (2024 → 2025), to DKK 54m.

Employees

  • 11 more employees than a year earlier: 115 (07/2026) against 104 (07/2025).

Management and owners, last 24 months

  • New in management: Bernd Weber (chair of the board, 31/01/2025) and Frank Strecker (board member, 26/11/2025).
  • Stepped down: Ulrich Peter Bannmüller (chair of the board, 31/01/2025) and Gerald Jenner (board member, 26/11/2025).

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

−DKK 20m−DKK 10mDKK 0DKK 10mDKK 20mDKK 30mDKK 40mDKK 50m202020212022202320242025
EquityNet profit
Financial figures for Cvation A/S
202020212022202320242025Change
Revenuenot statednot stated103,894109,887135,583160,241+18.2%
Gross profit51,13965,86490,07993,906112,266139,659+24.4%
Operating profit (EBIT)7,6444,45132,62529,61133,28142,211+26.8%
Profit before tax−12,7918,56632,29929,52433,26542,125+26.6%
Net profit−13,4225,47225,14722,94025,81832,725+26.8%
Total assets34,34428,37142,72842,76651,97475,282+44.8%
Equity3,9819,45323,44025,57531,24853,973+72.7%
Liabilities29,39518,55219,25917,19120,72621,259+2.6%
Cash and cash equivalents8007,29428,16214,40716,46229,044+76.4%
Average number of employees5762677695109+14.7%

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

DKK 0DKK 20mDKK 40mDKK 60mDKK 80mDKK 100mDKK 120mDKK 140m202020212022202320242025
Gross profitMedian, the industry (1,661 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 Cvation A/S
Financial yearPeriodPublishedFigures forDocuments
202501/01/2025 – 31/12/202515/04/2026The companyPDF not statedXBRL
202401/01/2024 – 31/12/202413/03/2025The companyPDFXBRL
202301/01/2023 – 31/12/202315/03/2024The companyPDFXBRL
202201/01/2022 – 31/12/202217/03/2023The companyPDFXBRL
202101/01/2021 – 31/12/202119/04/2022The companyPDFXBRL
202001/01/2020 – 31/12/202001/07/2021The 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
02040608010012008/2309/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/26
Employees

Position in the industry

1,661 companies in the database

Comparison with the other companies in computer programming activities based on the latest financial year.

Gross profitDKK 139.7mNo. 31 of 1,656
Better than 98% of the companies in the industry
EquityDKK 54mNo. 76 of 1,661
Better than 95% of the companies in the industry
Number of employees115No. 50 of 1,661
Better than 97% of the companies in the industry

Industry median: gross profit DKK 2.6m, net profit DKK 93,491, equity DKK 1m, 4 employees.

DKK 100kDKK 978kDKK 9.6mDKK 93.7mDKK 428.6mHere
Distribution of gross profit for 1,474 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 50–199 employees4,467 companies in the comparison
No. 349of 4,412
Better than 92%
No. 1,156of 4,466
Better than 74%
Same industry and 50–199 employees99 companies in the comparison
No. 18of 99
Better than 83%
No. 34of 99
Better than 66%
Companies that are between 5 and 14 years old33,688 companies in the comparison
No. 225of 33,588
Better than 99%
No. 1,124of 33,687
Better than 97%
All companies of type A/S18,025 companies in the comparison
No. 1,139of 17,786
Better than 94%
No. 3,415of 18,024
Better than 81%

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

Computer programming activities
Gross profit
  1. Cvation A/SDKK 139.7m
  2. Stibo Systems A/SDKK 916.6m
  3. Trackunit ApSDKK 897.1m
Net profit
  1. Cvation A/SDKK 32.7m
  2. Stibo Systems A/SDKK 155.9m
  3. Trackunit ApSDKK 206.3m
Equity
  1. Cvation A/SDKK 54m
  2. Stibo Systems A/SDKK 309.7m
  3. Trackunit ApSDKK 1.7bn
Employees
  1. Cvation A/S115
  2. Stibo Systems A/S201
  3. Trackunit ApS249

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
  • Skaylink GmbH100%
Cvation A/S

Management

5 active registrations

Executive management

Executive management at Cvation A/S
NameRoleAppointed
Nicolai Graff AndersenDirector09/12/2021
Christian Peter Jean MøllerDirector09/12/2021

Board of directors

Board of directors at Cvation A/S
NameRoleAppointed
Christian Peter Jean MøllerBoard member09/12/2021
Bernd WeberChair of the board31/01/2025
Frank StreckerBoard member26/11/2025
Founders
Ascendion Holding ApS, Nga Copenhagen Holding ApS
Former management (6)
Former management at Cvation A/S
NameRoleAppointedResigned
Nicolai Graff AndersenBoard member06/01/201409/12/2021
Erik Sørensen ZoegaBoard member06/01/201409/12/2021
Erik Sørensen ZoegaDirector06/01/201409/12/2021
Christian Peter Jean MøllerChair of the board06/01/201408/12/2021
Ulrich Peter BannmüllerChair of the board09/12/202131/01/2025
Gerald JennerBoard member09/12/202126/11/2025

Signing rule: Selskabet tegnes af 1 direktør i forening med formanden for bestyrelsen eller af den samlede bestyrelse.

Address and production units

1 active production units

Lautrupsgade 7
2100 København Ø

København Municipality · Postcode 2100

Other companies at the address (4)

Production units
Production unitAddressEmployeesP number
CVATION A/SLautrupsgade 7, 3, 2100 København Ø1141019024640

Purpose

Selskabets formål er at drive softwareudviklingsvirksomhed og anden, efter bestyrelsens skøn, beslægtet virksomhed.

The purpose is quoted from the register in Danish.

Changes year by year

37 registered events
20261 changeaccounts 1
  • Annual report for 2025 published
20255 changesmanagement 4 · accounts 1
  • Frank Strecker appointed board member
  • Gerald Jenner stepped down as board member
  • Annual report for 2024 published
  • Bernd Weber appointed chair of the board
  • Ulrich Peter Bannmüller stepped down as chair of the board
20241 changeaccounts 1
  • Annual report for 2023 published
20231 changeaccounts 1
  • Annual report for 2022 published
20221 changeaccounts 1
  • Annual report for 2021 published
202114 changesmanagement 9 · ownership 4 · accounts 1
  • Gerald Jenner appointed board member
  • Ulrich Peter Bannmüller appointed chair of the board
  • Nicolai Graff Andersen appointed director
  • Christian Peter Jean Møller appointed board member
  • Christian Peter Jean Møller appointed director
  • Erik Sørensen Zoega stepped down as director
  • Nicolai Graff Andersen stepped down as board member
  • Erik Sørensen Zoega stepped down as board member
  • Skaylink GmbH registered as owner (100%)
  • NGA COPENHAGEN HOLDING ApS is no longer registered as owner
  • ASEC HOLDING ApS is no longer registered as owner
  • CALEZO ApS is no longer registered as owner
  • Christian Peter Jean Møller stepped down as chair of the board
  • Annual report for 2020 published
20185 changesaddress 1 · ownership 4
  • Moved to Lautrupsgade 7, 3, 2100 København Ø
  • NGA COPENHAGEN HOLDING ApS registered as owner (25%)
  • ASEC HOLDING ApS registered as owner (25%)
  • ASEC HOLDING ApS is no longer registered as owner
  • NGA COPENHAGEN HOLDING ApS is no longer registered as owner
20149 changesownership 3 · industry 1 · founded 1 · management 4
  • CALEZO ApS registered as owner (33.33%)
  • ASEC HOLDING ApS registered as owner (33.33%)
  • Industry changed to Computerprogrammering (620100)
  • Registered as CVATION A/S
  • Christian Peter Jean Møller appointed chair of the board
  • Erik Sørensen Zoega appointed director
  • Nicolai Graff Andersen appointed board member
  • Erik Sørensen Zoega appointed board member
  • NGA COPENHAGEN HOLDING ApS registered as owner (20%)

Related companies

Same industry in København

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Same people in management

Largest in the industry

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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.

View in CVRReport a correction