Decoded Music Exclusive Businesses ApS
Private limited companyCVR 38874179København NActive
Decoded Music Exclusive Businesses ApS is a private limited company, based in København N, active in sound recording and music publishing, founded in 2017. The company went from a profit in 2024 to a loss of DKK 318k in 2025. Equity fell to DKK 1m in 2025.
Key figures · financial year 2025
What has changed
calculated from recorded figures and datesFinancials: 2025 against 2024
- Gross profit fell 19% (2024 → 2025), to DKK 2.3m.
- Net profit went from a profit of DKK 219k to a loss of DKK 318k (2024 → 2025).
- Equity fell 31% (2024 → 2025), to DKK 1m.
Employees
- 2 fewer employees than a year earlier: 4 (07/2026) against 6 (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 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 | 2,534 | 2,410 | 2,471 | 2,302 | 2,797 | 2,257 | −19.3% |
| Operating profit (EBIT) | 740 | 466 | 371 | 65 | 283 | −397 | −240.3% |
| Profit before tax | 729 | 446 | 375 | 58 | 296 | −391 | −232.3% |
| Net profit | 562 | 335 | 278 | 33 | 219 | −318 | −245.2% |
| Total assets | 2,991 | 3,074 | 3,257 | 3,917 | 4,618 | 4,407 | −4.6% |
| Equity | 971 | 1,193 | 1,357 | 1,265 | 1,484 | 1,031 | −30.6% |
| Liabilities | 1,562 | 1,481 | 1,557 | 2,369 | 2,905 | 3,221 | +10.9% |
| Cash and cash equivalents | 472 | 613 | 1,083 | 1,636 | 2,748 | 2,923 | +6.4% |
| Average number of employees | 4 | 4 | 4 | 4 | 4 | 4 | 0% |
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
Signals from the financial statements
calculated from the 2025 figuresEquity fell sharply
Equity fell 31% from 2024 to 2025 (DKK 1.5m to DKK 1m).
How is this calculated?
Equity has fallen by at least 30% from the previous annual report, and it was positive the year before.
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 | 27/05/2026 | The company | PDF not statedXBRL |
| 2024 | 01/01/2024 – 31/12/2024 | 19/06/2025 | The company | PDFXBRL |
| 2023 | 01/01/2023 – 31/12/2023 | 05/04/2024 | The company | PDFXBRL |
| 2022 | 01/01/2022 – 31/12/2022 | 27/06/2023 | The company | PDFXBRL |
| 2021 | 01/01/2021 – 31/12/2021 | 03/06/2022 | The company | PDFXBRL |
| 2020 | 01/01/2020 – 31/12/2020 | 03/05/2021 | 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
98 companies in the databaseComparison with the other companies in sound recording and music publishing based on the latest financial year.
Industry median: gross profit DKK 1.1m, net profit DKK 44,863, equity DKK 605k, 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. 28,434of 69,742 Better than 59% | No. 33,278of 69,964 Better than 52% |
| Same industry and fewer than 20 employees94 companies in the comparison | No. 28of 94 Better than 71% | No. 39of 94 Better than 59% |
| Companies that are between 5 and 14 years old33,688 companies in the comparison | No. 15,765of 33,588 Better than 53% | No. 15,239of 33,687 Better than 55% |
| All companies of type ApS66,508 companies in the comparison | No. 27,689of 66,379 Better than 58% | No. 29,166of 66,505 Better than 56% |
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
Sound recording and music publishing- Decoded Music Exclusive Businesses ApSDKK 2.3m
- Sony Music Entertainment Denmark A/SDKK 58.8m
- Warner Music Denmark A/SDKK 41.1m
- Decoded Music Exclusive Businesses ApS−DKK 318k
- Sony Music Entertainment Denmark A/SDKK 11m
- Warner Music Denmark A/SDKK 15.5m
- Decoded Music Exclusive Businesses ApSDKK 1m
- Sony Music Entertainment Denmark A/SDKK 23.7m
- Warner Music Denmark A/SDKK 124.7m
- Decoded Music Exclusive Businesses ApS4
- Sony Music Entertainment Denmark A/S49
- Warner Music Denmark A/S18
Latest financial year per company. Choose up to three companies from the largest in the industry.
Owners and group
from the Public Ownership Register- Decoded Unity Exclusive Businesses ApS100%
Management
2 active registrationsExecutive management
| Name | Role | Appointed |
|---|---|---|
| Kenneth Lundgaard Bager | Director | 23/08/2017 |
| Anna Lea Bertelsen | Director | 12/03/2019 |
- Founders
- Kenneth Lundgaard Bager
Signing rule: Virksomheden tegnes af en direktør.
Address and production units
1 active production unitsPeter Fabers Gade 4
2200 København N
| Production unit | Address | Employees | P number |
|---|---|---|---|
| Decoded Music Exclusive Businesses | Peter Fabers Gade 4, kl, 2200 København N | 6 | 1022769045 |
Purpose
Virksomhedens formål er at drive aktiviteter relateret til musikbranchen. rådgivning, indspilning af lydoptagelser, optræden, udgivelse, og salg, af musik og dertil beslægtet virksomhed.
The purpose is quoted from the register in Danish.
Changes year by year
17 registered events20261 changeaccounts 1
- AccountsAnnual report for 2025 published
20251 changeaccounts 1
- AccountsAnnual report for 2024 published
20241 changeaccounts 1
- AccountsAnnual report for 2023 published
20231 changeaccounts 1
- AccountsAnnual report for 2022 published
20221 changeaccounts 1
- AccountsAnnual report for 2021 published
20214 changesownership 3 · accounts 1
- OwnershipDecoded Unity Exclusive Businesses ApS registered as owner (100%)
- OwnershipAnna Lea Bertelsen is no longer registered as owner
- OwnershipKenneth Lundgaard Bager is no longer registered as owner
- AccountsAnnual report for 2020 published
20195 changescapital 1 · management 1 · ownership 3
- CapitalShare capital changed from 50,000 DKK to 100,000 DKK
- ManagementAnna Lea Bertelsen appointed director
- OwnershipAnna Lea Bertelsen registered as owner (50%)
- OwnershipKenneth Lundgaard Bager registered as owner (50%)
- OwnershipKenneth Lundgaard Bager is no longer registered as owner
20173 changesfounded 1 · management 1 · ownership 1
- FoundedRegistered as Decoded Music Exclusive Businesses ApS
- ManagementKenneth Lundgaard Bager appointed director
- OwnershipKenneth Lundgaard Bager registered as owner (100%)
Related companies
Same industry in København
- KM Studio Denmark ApS102 employees
- Sony Music Entertainment Denmark A/S49 employees
- United Stage Danmark ApS42 employees
- Upright Music ApS29 employees
- Target Group ApS17 employees
- MonoMono ApS16 employees
Same people in management
- Glitter ApSvia Anna Lea Bertelsen
Largest in the industry
- Sony Music Entertainment Denmark A/SDKK 58.8m
- Warner Music Denmark A/SDKK 41.1m
- United Stage Danmark ApSDKK 37.8m
- Volbeat ApSDKK 26.1m
- Upright Music ApSDKK 23.5m
- Edition Wilhelm Hansen A/SDKK 16m
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.