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Doughnut Capital ApS

Private limited companyCVR 28687419HøjbjergActive

Doughnut Capital ApS is a private limited company, based in Højbjerg, active in non-financial holding companies, founded in 2005. Net profit fell 8% from 2024 to 2025, ending at DKK 23m. With 3 employees, the company is about 3 times larger than the industry median.

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Key figures · financial year 2025

Gross profitDKK 528k+118.5% vs. 2024
Net profitDKK 23m−8.4% vs. 2024
EquityDKK 239.8m+5.5% vs. 2024
Employees3latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Net profit fell 8% (2024 → 2025), to DKK 23m.
  • Equity rose 6% (2024 → 2025), to DKK 239.8m.

Employees

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

Management and owners, last 24 months

  • New owners registered: Doughnut Capital Holding ApS (24/04/2026).
  • No longer registered as owner: Rasmus Nørgaard (24/04/2026), Felicia Nørgaard (24/04/2026) and Hyrehøj ApS (24/04/2026).

Registrations, last 24 months

  • 31/12/2024: Merger registered in CVR

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 50mDKK 0DKK 50mDKK 100mDKK 150mDKK 200mDKK 250m202020212022202320242025
EquityNet profit
Financial figures for Doughnut Capital ApS
202020212022202320242025Change
Revenuenot statednot statednot statednot statednot statednot stated–
Gross profit−472−543−1,092−13,219−2,849528+118.5%
Operating profit (EBIT)−653−1,086−2,100−14,344−3,486−116+96.7%
Profit before tax49,78547,992−3,94894,20925,10723,788−5.3%
Net profit49,78548,054−3,94894,21625,10723,005−8.4%
Total assets168,097189,828321,555372,530427,610442,178+3.4%
Equity167,099187,851182,002211,218227,263239,768+5.5%
Liabilities9981,977139,553161,312200,347202,410+1%
Cash and cash equivalents65,30410,7837,58196513679−41.5%
Average number of employees1––2220%

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

−DKK 14m−DKK 12m−DKK 10m−DKK 8m−DKK 6m−DKK 4m−DKK 2mDKK 0202020212022202320242025
Gross profitMedian, the industry (2,138 companies)

Annual reports

6 financial years
Annual reports for Doughnut Capital ApS
Financial yearPeriodPublishedFigures forDocuments
202501/01/2025 – 31/12/202509/07/2026The companyPDF not statedXBRL
202401/01/2024 – 31/12/202408/07/2025The companyPDFXBRL
202301/01/2023 – 31/12/202329/06/2024The companyPDFXBRL
202201/01/2022 – 31/12/202229/06/2023The companyPDFXBRL
202101/01/2021 – 31/12/202109/06/2022The companyPDFXBRL
202001/01/2020 – 31/12/202022/06/2021The 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
011223309/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/2608/26
Employees

Position in the industry

2,138 companies in the database

Comparison with the other companies in non-financial holding companies based on the latest financial year.

Gross profitDKK 528kNo. 583 of 2,093
Better than 72% of the companies in the industry
EquityDKK 239.8mNo. 310 of 2,138
Better than 86% of the companies in the industry
Number of employees3No. 435 of 2,138
Better than 80% of the companies in the industry

Industry median: gross profit −DKK 31,805, net profit DKK 701k, equity DKK 32.1m, 1 employees.

DKK 100kDKK 2.1mDKK 44.6mDKK 942.6mDKK 7.2bnHere
Distribution of gross profit for 820 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. 53,718of 69,742
Better than 23%
No. 879of 69,964
Better than 99%
Same industry and fewer than 20 employees2,092 companies in the comparison
No. 547of 2,048
Better than 73%
No. 293of 2,092
Better than 86%
Companies that are between 15 and 29 years old24,910 companies in the comparison
No. 20,725of 24,791
Better than 16%
No. 668of 24,909
Better than 97%
All companies of type ApS66,508 companies in the comparison
No. 51,693of 66,379
Better than 22%
No. 496of 66,505
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

Non-financial holding companies
Gross profit
  1. Doughnut Capital ApSDKK 528k
  2. Heartland A/SDKK 19.9bn
  3. Andel A.M.B.A.DKK 5.6bn
Net profit
  1. Doughnut Capital ApSDKK 23m
  2. Heartland A/SDKK 4.9bn
  3. Andel A.M.B.A.−DKK 2.9bn
Equity
  1. Doughnut Capital ApSDKK 239.8m
  2. Heartland A/SDKK 39.2bn
  3. Andel A.M.B.A.DKK 29.5bn
Employees
  1. Doughnut Capital ApS3
  2. Heartland A/S34
  3. Andel A.M.B.A.28

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
  • Doughnut Capital Holding ApS100%
Doughnut Capital ApS
Subsidiaries and ownership shares

Subsidiaries are shown only if they are in the database.

Management

2 active registrations

Executive management

Executive management at Doughnut Capital ApS
NameRoleAppointed
Felicia NørgaardDirector31/05/2013
Rasmus NørgaardCEO28/11/2013
Founders
Morten Jensen
Former management (1)
Former management at Doughnut Capital ApS
NameRoleAppointedResigned
Morten JensenDirector01/03/200525/07/2005

Signing rule: Selskabet tegnes af den administrerende direktør eller den samlede direktion.

Address and production units

1 active production units

Højmarkvej 26
8270 Højbjerg

Aarhus Municipality · Postcode 8270

Other companies at the address (2)

Production units
Production unitAddressEmployeesP number
Doughnut Capital ApSHøjmarkvej 26, 8270 Højbjerg31011275970

Purpose

Selskabets formål er at fungere som holdingselskab ved via datterselskaber og/eller associerede selskaber (i) at eje og administrere fast ejendom, (ii) at drive investeringsvirksomhed ved køb, salg og besiddelse af kapitalandele eller værdipapirer, samt (iii) anden virksomhed som efter direktionens skøn er beslægtet hermed. Selskabet har endvidere til formål at uddele midler til almenvelgørende eller på anden måde almennyttige formål. Selskabet kan herudover foretage passiv kapitalanbringelse.

The purpose is quoted from the register in Danish.

Changes year by year

39 registered events
20265 changesaccounts 1 · ownership 4
  • Annual report for 2025 published
  • Doughnut Capital Holding ApS registered as owner (100%)
  • Rasmus Nørgaard is no longer registered as owner
  • Felicia Nørgaard is no longer registered as owner
  • Hyrehøj ApS is no longer registered as owner
20251 changeaccounts 1
  • Annual report for 2024 published
20242 changesmerger 1 · accounts 1
  • Merger registered in CVR
  • Annual report for 2023 published
20231 changeaccounts 1
  • Annual report for 2022 published
20221 changeaccounts 1
  • Annual report for 2021 published
20214 changesaccounts 1 · capital 1 · address 1 · name 1
  • Annual report for 2020 published
  • Share capital changed from 175,000 DKK to 350,000 DKK
  • Moved to Højmarkvej 26, 8270 Højbjerg
  • Name changed from HOLDINGSELSKABET AF 1. AUGUST 2005 ApS to Doughnut Capital ApS
20191 changeaddress 1
  • Moved to Southamptongade 4, 2150 Nordhavn
20161 changeindustry 1
  • Industry changed to Ikke-finansielle holdingselskaber (642020)
20158 changesownership 8
  • Rasmus Nørgaard registered as owner (20%)
  • Felicia Nørgaard registered as owner (10%)
  • Hyrehøj ApS registered as owner (50%)
  • Rasmus Nørgaard is no longer registered as owner
  • Sofie Nørgaard is no longer registered as owner
  • Felicia Nørgaard is no longer registered as owner
  • Victor Nørgaard is no longer registered as owner
  • Amalie Nørgaard is no longer registered as owner
20146 changescapital 1 · ownership 5
  • Share capital changed from 125,000 DKK to 175,000 DKK
  • Rasmus Nørgaard registered as owner (33.33%)
  • Sofie Nørgaard registered as owner (10%)
  • Felicia Nørgaard registered as owner (10%)
  • Victor Nørgaard registered as owner (10%)
  • Amalie Nørgaard registered as owner (10%)
20133 changesmanagement 2 · address 1
  • Rasmus Nørgaard appointed ceo
  • Felicia Nørgaard appointed director
  • Moved to Skodsborgvej 48A, Søllerød, 2830 Virum
20091 changeaddress 1
  • Moved to Springforbivej 4, 2930 Klampenborg
20071 changeaddress 1
  • Moved to Pile Alle 33, Øverød, 2840 Holte
20054 changesaddress 1 · management 2 · founded 1
  • Moved to Pile Alle 33, Øverød, 2840 Holte
  • Morten Jensen stepped down as director
  • Registered as HOLDINGSELSKABET AF 1. AUGUST 2005 ApS
  • Morten Jensen appointed director

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Same people in management

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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