Cwt Denmark A/S
Public limited companyCVR 66097218København KActive
Cwt Denmark A/S is a public limited company, based in København K, active in travel agency activities, founded in 1980. The company went from a profit in 2024 to a loss of DKK 1.3m in 2025. With 69 employees, the company is about 14 times larger than the industry median. Gross profit is higher than that of 90% of the companies in the industry in the database.
Key figures · financial year 2025
Gross profitDKK 36.5m−6.8% vs. 2024
Net profit−DKK 1.3m−241.8% vs. 2024
EquityDKK 16.4m−7.4% vs. 2024
Employees69latest month from CVR
What has changed
calculated from recorded figures and datesFinancials: 2025 against 2024
- Gross profit fell 7% (2024 → 2025), to DKK 36.5m.
- Net profit went from a profit of DKK 921k to a loss of DKK 1.3m (2024 → 2025).
- Equity fell 7% (2024 → 2025), to DKK 16.4m.
Employees
- 5 fewer employees than a year earlier: 69 (07/2026) against 74 (07/2025).
Management and owners, last 24 months
- New in management: Jens Frederiksen (board member, 03/10/2025).
- Stepped down: Lauren Jennifer Aste (board member, 03/10/2025).
Registrations, last 24 months
- 08/12/2025: Moved to Langebrogade 3H, 2, 1411 København K
- 01/01/2025: Industry changed to Travel agency activities (791100)
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 | not stated | not stated | not stated | not stated | not stated | not stated | – |
| Gross profit | 27,820 | 14,796 | 31,308 | 39,953 | 39,156 | 36,509 | −6.8% |
| Operating profit (EBIT) | −17,064 | −16,042 | −11,898 | −2,055 | 2,585 | 310 | −88% |
| Net profit | −18,062 | −17,112 | −13,620 | −3,503 | 921 | −1,306 | −241.8% |
| Total assets | 50,854 | 55,390 | 44,857 | 46,500 | 46,394 | 41,792 | −9.9% |
| Equity | 12,771 | 11,909 | 13,289 | 16,786 | 17,707 | 16,401 | −7.4% |
| Liabilities | 38,083 | 43,481 | 31,568 | 29,714 | 28,687 | 25,391 | −11.5% |
| Cash and cash equivalents | 40 | 40 | 0 | – | – | – | – |
| Average number of employees | 105 | 71 | 89 | 86 | 80 | 73 | −8.8% |
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
Annual reports
6 financial years| Financial year | Period | Published | Figures for | Documents |
|---|---|---|---|---|
| 2025 | 01/01/2025 – 31/12/2025 | 30/06/2026 | The company | PDF not statedXBRL |
| 2024 | 01/01/2024 – 31/12/2024 | 27/06/2025 | The company | PDFXBRL |
| 2023 | 01/01/2023 – 31/12/2023 | 27/06/2024 | The company | PDFXBRL |
| 2022 | 01/01/2022 – 31/12/2022 | 07/07/2023 | The company | PDFXBRL |
| 2021 | 01/01/2021 – 31/12/2021 | 15/07/2022 | The company | PDFXBRL |
| 2020 | 01/01/2020 – 31/12/2020 | 03/09/2021 | The company | 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
125 companies in the databaseComparison with the other companies in travel agency activities based on the latest financial year.
Gross profitDKK 36.5mNo. 14 of 125
Better than 90% of the companies in the industry
EquityDKK 16.4mNo. 18 of 125
Better than 86% of the companies in the industry
Number of employees69No. 7 of 125
Better than 95% of the companies in the industry
Industry median: gross profit DKK 2.8m, net profit DKK 448k, equity DKK 2m, 5 employees.
Compared with similar companies
size, age and company form| Group | Gross profit | Equity |
|---|---|---|
| Companies with 50–199 employees4,467 companies in the comparison | No. 2,441of 4,412 Better than 45% | No. 2,405of 4,466 Better than 46% |
| Same industry and 50–199 employees10 companies in the comparison | No. 8of 10 Better than 22% | No. 9of 10 Better than 11% |
| Companies that are at least 30 years old10,276 companies in the comparison | No. 1,874of 10,152 Better than 82% | No. 3,774of 10,275 Better than 63% |
| All companies of type A/S18,025 companies in the comparison | No. 3,796of 17,786 Better than 79% | No. 6,891of 18,024 Better than 62% |
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
Travel agency activitiesGross profit
- Cwt Denmark A/SDKK 36.5m
- Kilroy International A/SDKK 333.1m
- Albatros Travel A/SDKK 173.1m
Net profit
- Cwt Denmark A/S−DKK 1.3m
- Kilroy International A/SDKK 11.6m
- Albatros Travel A/SDKK 27.5m
Equity
- Cwt Denmark A/SDKK 16.4m
- Kilroy International A/SDKK 54.7m
- Albatros Travel A/SDKK 102.3m
Employees
- Cwt Denmark A/S69
- Kilroy International A/S79
- Albatros Travel A/S148
Latest financial year per company. Choose up to three companies from the largest in the industry.
Owners and group
from the Public Ownership RegisterOwners
- CWT Beheermaatshappij B.V100%
Cwt Denmark A/S
Management
5 active registrationsExecutive management
| Name | Role | Appointed |
|---|---|---|
| Torben Brik Rodenberg | CEO | 01/04/2015 |
Board of directors
| Name | Role | Appointed |
|---|---|---|
| Torben Brik Rodenberg | Board member | 01/04/2015 |
| Jens Michael Hyldnæs | Board member | 01/01/2018 |
| Kaj Mikael Genas | Chair of the board | 04/07/2023 |
| Jens Frederiksen | Board member | 03/10/2025 |
Former management (67)
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| Niels Lund | Deputy board member | 27/06/1980 | 30/05/1994 |
| Knud Valentin Kümpel | Deputy CEO | 27/06/1980 | 02/05/2000 |
| Brenda Bork Ejderskov | Board member | 27/06/1980 | 30/05/1994 |
| Henning Minor | Board member | 27/06/1980 | 16/05/1990 |
| Henning Minor | Director | 27/06/1980 | 16/05/1988 |
| Jarl Ryborg Lehmann | Board member | 27/06/1980 | 25/02/1993 |
| Christian Lund Nielsen | Board member | 27/06/1980 | 16/05/1990 |
| Jørgen Andreas Jørgensen | Deputy board member | 27/06/1980 | 16/05/1990 |
| Ole Jan Andersen | Chair of the board | 27/06/1980 | 05/05/1999 |
| Ole Jan Andersen | CEO | 27/06/1980 | 26/05/1997 |
| Britt Jette Rasmussen | Board member | 27/06/1980 | 30/05/1994 |
| Helle Andersen | Board member | 27/06/1980 | 10/11/1994 |
| Susanne Damgård Nielsen | Deputy board member | 27/06/1980 | 18/05/1998 |
| John Ib Helge Hansen | Board member | 27/06/1980 | 14/08/1991 |
| Jens Normann Andersen | Board member | 27/06/1980 | 16/05/1990 |
| Inge Cathrine Kyster | Board member | 27/06/1980 | 18/05/1998 |
| Birthe Elsbeth Minor | Board member | 27/06/1980 | 12/01/1989 |
| Daniel Francois Pierre Marie Convent | Board member | 27/06/1980 | 26/05/1997 |
| Geoffrey Thomas Marshall | Deputy chair | 27/06/1980 | 12/08/1992 |
| Herve Andre Henri Gourio | Board member | 27/06/1980 | 29/03/1993 |
| Per Rønnow Kønig | Board member | 26/05/1997 | 05/05/1999 |
| Jean-Pierre Victor Carlin | Board member | 26/05/1997 | 14/02/2000 |
| Preben Højmark Jensen | Deputy board member | 18/05/1998 | 20/01/1999 |
| Christian Greve Nielsen | Board member | 18/05/1998 | 05/05/1999 |
| Tina Wilsborg Sørensen | Board member | 18/05/1998 | 16/12/2002 |
| Knud Valentin Kümpel | Board member | 05/05/1999 | 02/05/2000 |
| Inger-Margrethe Warnøe | Board member | 05/05/1999 | 16/12/2002 |
| Richard Grahame Lovell | Chair of the board | 05/05/1999 | 01/01/2006 |
| Anna Britta Dalunde | Director | 02/05/2000 | 31/08/2000 |
| Nicholas Charles Paul Francou | Board member | 02/05/2000 | 28/02/2007 |
| Niels Jan-Anders Holmqvist | CEO | 01/09/2000 | 30/01/2002 |
| Anna Britta Dalunde | Board member | 28/11/2000 | 27/12/2000 |
| Niels Jan-Anders Holmqvist | Board member | 27/12/2000 | 30/01/2002 |
| James Murray Tweedie | Board member | 30/01/2002 | 15/08/2005 |
| James Murray Tweedie | CEO | 30/01/2002 | 15/08/2005 |
| Hans Lund | Board member | 16/12/2002 | 09/05/2006 |
| Jeanette Wilde | Deputy board member | 16/12/2002 | 30/04/2005 |
| Ulrik Mikael von de Ahé | Board member | 16/12/2002 | 12/05/2003 |
| Sine Harmuth Jørgensen | Board member | 12/05/2003 | 28/02/2007 |
| Lars Bording | Board member | 15/08/2005 | 02/11/2006 |
| Lars Bording | CEO | 15/08/2005 | 31/10/2006 |
| Jan Willem Dekker | Chair of the board | 01/01/2006 | 01/01/2009 |
| Glenn Birkelev | Board member | 09/05/2006 | 22/12/2006 |
| Michel Jean-Baptiste Louis Dousselin | CEO | 01/11/2006 | 28/02/2007 |
| Michel Jean-Baptiste Louis Dousselin | Board member | 02/11/2006 | 16/12/2009 |
| Søren Islin | Board member | 22/12/2006 | 30/04/2008 |
| Leif Christian Rasmussen | Board member | 28/02/2007 | 05/03/2008 |
| Leif Christian Rasmussen | CEO | 28/02/2007 | 21/02/2008 |
| Anne Mette Kjellin | Board member | 28/02/2007 | 01/07/2014 |
| Patrick Nikaan Andersen | CEO | 21/02/2008 | 01/08/2008 |
| Sophie Christine Jeanne Hulgard | Board member | 01/08/2008 | 01/04/2015 |
| Sophie Christine Jeanne Hulgard | CEO | 01/08/2008 | 01/04/2015 |
| Helle Forland | Deputy board member | 28/10/2008 | 30/04/2012 |
| Palle Bruun | Board member | 28/10/2008 | 31/08/2020 |
| Patrick Nikaan Andersen | Chair of the board | 01/01/2009 | 27/01/2014 |
| Pierre Albert Charles Milet | Board member | 16/12/2009 | 27/01/2014 |
| Alan Charles Donald | Board member | 29/05/2012 | 01/05/2014 |
| Johan Wilson | Chair of the board | 27/01/2014 | 22/05/2017 |
| Eric Michiel van Kuik | Board member | 01/05/2014 | 22/05/2017 |
| Eric Michiel van Kuik | Director | 01/05/2014 | 29/07/2014 |
| Rikke Lyse | Board member | 01/07/2014 | 01/01/2018 |
| Virpi Marjatta Paasonen | Board member | 22/05/2017 | 07/09/2017 |
| Mahmoud Masoud | Board member | 22/05/2017 | 01/12/2019 |
| Christopher Bowen | Chair of the board | 22/05/2017 | 31/08/2021 |
| Kaj Mikael Genas | Board member | 31/08/2020 | 03/07/2023 |
| Rhodri Llewelyn Hollister Turner | Chair of the board | 31/08/2021 | 16/06/2023 |
| Lauren Jennifer Aste | Board member | 04/07/2023 | 03/10/2025 |
Signing rule: Selskabet tegnes af den administrerende direktør, bestyrelsesformanden eller den samlede bestyrelse.
Address and production units
1 active production unitsLangebrogade 3H
1411 København K
København Municipality · Postcode 1411
Other companies at the address (2)
- Global Business Travel ApSTravel agency activities
- Egencia Denmark A/STravel agency activities
| Production unit | Address | Employees | P number |
|---|---|---|---|
| CWT DENMARK A/S | Langebrogade 3H, 2, 1411 København K | 68 | 1003161566 |
Purpose
Selskabets formål er at drive rejsebureauvirksomhed.
The purpose is quoted from the register in Danish.
Changes year by year
137 registered events42015
02016
62017
32018
12019
32020
32021
12022
52023
12024
52025
12026
20261 changeaccounts 1
- AccountsAnnual report for 2025 published
20255 changesaddress 1 · management 2 · accounts 1 · industry 1
- AddressMoved to Langebrogade 3H, 2, 1411 København K
- ManagementJens Frederiksen appointed board member
- ManagementLauren Jennifer Aste stepped down as board member
- AccountsAnnual report for 2024 published
- IndustryIndustry changed to Travel agency activities (791100)
20241 changeaccounts 1
- AccountsAnnual report for 2023 published
20235 changesaccounts 1 · management 4
- AccountsAnnual report for 2022 published
- ManagementLauren Jennifer Aste appointed board member
- ManagementKaj Mikael Genas appointed chair of the board
- ManagementKaj Mikael Genas stepped down as board member
- ManagementRhodri Llewelyn Hollister Turner stepped down as chair of the board
20221 changeaccounts 1
- AccountsAnnual report for 2021 published
20213 changesaccounts 1 · management 2
- AccountsAnnual report for 2020 published
- ManagementRhodri Llewelyn Hollister Turner appointed chair of the board
- ManagementChristopher Bowen stepped down as chair of the board
20203 changesname 1 · management 2
- NameName changed from CARLSON WAGONLIT DANMARK A/S to CWT DENMARK A/S
- ManagementKaj Mikael Genas appointed board member
- ManagementPalle Bruun stepped down as board member
20191 changemanagement 1
- ManagementMahmoud Masoud stepped down as board member
20183 changesaddress 1 · management 2
- AddressMoved to Ørestads Boulevard 35, 3, 2300 København S
- ManagementJens Michael Hyldnæs appointed board member
- ManagementRikke Lyse stepped down as board member
20176 changesmanagement 6
- ManagementVirpi Marjatta Paasonen stepped down as board member
- ManagementVirpi Marjatta Paasonen appointed board member
- ManagementChristopher Bowen appointed chair of the board
- ManagementMahmoud Masoud appointed board member
- ManagementEric Michiel van Kuik stepped down as board member
- ManagementJohan Wilson stepped down as chair of the board
20154 changesmanagement 4
- ManagementTorben Brik Rodenberg appointed board member
- ManagementTorben Brik Rodenberg appointed ceo
- ManagementSophie Christine Jeanne Hulgard stepped down as board member
- ManagementSophie Christine Jeanne Hulgard stepped down as ceo
20149 changesmanagement 9
- ManagementEric Michiel van Kuik stepped down as director
- ManagementRikke Lyse appointed board member
- ManagementAnne Mette Kjellin stepped down as board member
- ManagementEric Michiel van Kuik appointed director
- ManagementEric Michiel van Kuik appointed board member
- ManagementAlan Charles Donald stepped down as board member
- ManagementJohan Wilson appointed chair of the board
- ManagementPierre Albert Charles Milet stepped down as board member
- ManagementPatrick Nikaan Andersen stepped down as chair of the board
20122 changesmanagement 2
- ManagementAlan Charles Donald appointed board member
- ManagementHelle Forland stepped down as deputy board member
20095 changesmanagement 4 · address 1
- ManagementPierre Albert Charles Milet appointed board member
- ManagementMichel Jean-Baptiste Louis Dousselin stepped down as board member
- AddressMoved to Ørestads Boulevard 35, 3, 2300 København S
- ManagementPatrick Nikaan Andersen appointed chair of the board
- ManagementJan Willem Dekker stepped down as chair of the board
200811 changesmanagement 9 · address 1 · industry 1
- ManagementPalle Bruun appointed board member
- ManagementHelle Forland appointed deputy board member
- ManagementSophie Christine Jeanne Hulgard appointed board member
- ManagementSophie Christine Jeanne Hulgard appointed ceo
- ManagementPatrick Nikaan Andersen stepped down as ceo
- AddressMoved to Vester Farimagsgade 7, 3, 1606 København V
- ManagementSøren Islin stepped down as board member
- ManagementLeif Christian Rasmussen stepped down as board member
- ManagementPatrick Nikaan Andersen appointed ceo
- ManagementLeif Christian Rasmussen stepped down as ceo
- IndustryIndustry changed to Travel agency activities (791100)
20076 changesmanagement 6
- ManagementLeif Christian Rasmussen appointed board member
- ManagementAnne Mette Kjellin appointed board member
- ManagementLeif Christian Rasmussen appointed ceo
- ManagementMichel Jean-Baptiste Louis Dousselin stepped down as ceo
- ManagementSine Harmuth Jørgensen stepped down as board member
- ManagementNicholas Charles Paul Francou stepped down as board member
200611 changesmanagement 10 · address 1
- ManagementSøren Islin appointed board member
- ManagementGlenn Birkelev stepped down as board member
- ManagementMichel Jean-Baptiste Louis Dousselin appointed board member
- ManagementLars Bording stepped down as board member
- ManagementMichel Jean-Baptiste Louis Dousselin appointed ceo
- ManagementLars Bording stepped down as ceo
- AddressMoved to Vester Farimagsgade 7, 1606 København V
- ManagementGlenn Birkelev appointed board member
- ManagementHans Lund stepped down as board member
- ManagementJan Willem Dekker appointed chair of the board
- ManagementRichard Grahame Lovell stepped down as chair of the board
20056 changesmanagement 5 · name 1
- ManagementLars Bording appointed board member
- ManagementLars Bording appointed ceo
- ManagementJames Murray Tweedie stepped down as ceo
- ManagementJames Murray Tweedie stepped down as board member
- ManagementJeanette Wilde stepped down as deputy board member
- NameName changed from WORLD TOURIST REJSEBUREAU A/S to CARLSON WAGONLIT DANMARK A/S
20041 changecapital 1
- CapitalShare capital changed from 10,010,000 DKK to 10,020,000 DKK
20032 changesmanagement 2
- ManagementSine Harmuth Jørgensen appointed board member
- ManagementUlrik Mikael von de Ahé stepped down as board member
20029 changesmanagement 9
- ManagementJeanette Wilde appointed deputy board member
- ManagementHans Lund appointed board member
- ManagementUlrik Mikael von de Ahé appointed board member
- ManagementInger-Margrethe Warnøe stepped down as board member
- ManagementTina Wilsborg Sørensen stepped down as board member
- ManagementJames Murray Tweedie appointed ceo
- ManagementJames Murray Tweedie appointed board member
- ManagementNiels Jan-Anders Holmqvist stepped down as board member
- ManagementNiels Jan-Anders Holmqvist stepped down as ceo
200013 changesmanagement 10 · capital 2 · ownership 1
- ManagementNiels Jan-Anders Holmqvist appointed board member
- ManagementAnna Britta Dalunde stepped down as board member
- CapitalShare capital changed from 10,000,000 DKK to 10,010,000 DKK
- ManagementAnna Britta Dalunde appointed board member
- ManagementNiels Jan-Anders Holmqvist appointed ceo
- ManagementAnna Britta Dalunde stepped down as director
- ManagementAnna Britta Dalunde appointed director
- ManagementNicholas Charles Paul Francou appointed board member
- ManagementKnud Valentin Kümpel stepped down as board member
- ManagementKnud Valentin Kümpel stepped down as deputy ceo
- CapitalShare capital changed from 7,000,000 DKK to 10,000,000 DKK
- OwnershipCWT Beheermaatshappij B.V registered as owner (100%)
- ManagementJean-Pierre Victor Carlin stepped down as board member
19996 changesmanagement 6
- ManagementKnud Valentin Kümpel appointed board member
- ManagementInger-Margrethe Warnøe appointed board member
- ManagementRichard Grahame Lovell appointed chair of the board
- ManagementChristian Greve Nielsen stepped down as board member
- ManagementPer Rønnow Kønig stepped down as board member
- ManagementPreben Højmark Jensen stepped down as deputy board member
19983 changesmanagement 3
- ManagementChristian Greve Nielsen appointed board member
- ManagementTina Wilsborg Sørensen appointed board member
- ManagementPreben Højmark Jensen appointed deputy board member
19972 changesmanagement 2
- ManagementPer Rønnow Kønig appointed board member
- ManagementJean-Pierre Victor Carlin appointed board member
19943 changescapital 1 · management 2
- CapitalShare capital changed from 6,000,000 DKK to 7,000,000 DKK
- ManagementBrenda Bork Ejderskov stepped down as board member
- ManagementNiels Lund stepped down as deputy board member
19933 changescapital 1 · management 2
- CapitalShare capital changed from 2,000,000 DKK to 6,000,000 DKK
- ManagementHerve Andre Henri Gourio stepped down as board member
- ManagementJarl Ryborg Lehmann stepped down as board member
19921 changemanagement 1
- ManagementGeoffrey Thomas Marshall stepped down as deputy chair
19901 changemanagement 1
- ManagementHenning Minor stepped down as board member
19881 changemanagement 1
- ManagementHenning Minor stepped down as director
19809 changesfounded 1 · management 8
- FoundedRegistered as WORLD TOURIST REJSEBUREAU A/S
- ManagementJarl Ryborg Lehmann appointed board member
- ManagementHenning Minor appointed director
- ManagementHenning Minor appointed board member
- ManagementBrenda Bork Ejderskov appointed board member
- ManagementKnud Valentin Kümpel appointed deputy ceo
- ManagementNiels Lund appointed deputy board member
- ManagementHerve Andre Henri Gourio appointed board member
- ManagementGeoffrey Thomas Marshall appointed deputy chair
Related companies
Same industry in København
- Jysk Rejsebureau A/S148 employees
- Albatros Travel A/S148 employees
- Global Business Travel ApS92 employees
- Egencia Denmark A/S79 employees
- Kilroy International A/S79 employees
- Profil Rejser A/S41 employees
Same people in management
- Københavns Lufthavne A/Svia Leif Christian Rasmussen
- Clever A/Svia Lars Bording
- DHL Express (denmark) A/Svia Patrick Nikaan Andersen
- Dania Connect A/Svia Per Rønnow Kønig
- A/S Dyrehavsbakkenvia Jørgen Hübertz Knudsen
- Global Business Travel ApSvia Jens Frederiksen
Largest in the industry
- Kilroy International A/SDKK 333.1m
- Albatros Travel A/SDKK 173.1m
- Jysk Rejsebureau A/SDKK 137.5m
- Polar Latitudes A/SDKK 84.4m
- TourCompass A/SDKK 74.4m
- Global Business Travel ApSDKK 66.1m
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.