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Etikos ApS

Private limited companyCVR 29912734LystrupActive

Etikos ApS is a private limited company, based in Lystrup, active in business and other management consultancy activities, founded in 2006. Net profit fell 46% from 2024 to 2025, ending at DKK 375k.

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Key figures · financial year 2025

Gross profitDKK 2.1m−9.3% vs. 2024
Net profitDKK 375k−45.8% vs. 2024
EquityDKK 999k−11.1% vs. 2024
Employees4latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Gross profit fell 9% (2024 → 2025), to DKK 2.1m.
  • Net profit fell 46% (2024 → 2025), to DKK 375k.
  • Equity fell 11% (2024 → 2025), to DKK 999k.

Employees

  • 1 more employees than a year earlier: 4 (08/2026) against 3 (08/2025).

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 thousand

Equity and net profit

−DKK 600k−DKK 400k−DKK 200kDKK 0DKK 200kDKK 400kDKK 600kDKK 800kDKK 1mDKK 1.2m202020212022202320242025
EquityNet profit
Financial figures for Etikos ApS
202020212022202320242025Change
Revenuenot statednot statednot statednot statednot statednot stated–
Gross profit2,0802,7292,5102,2992,3072,092−9.3%
Operating profit (EBIT)−604354450879907514−43.4%
Profit before tax−600356453880888483−45.6%
Net profit−468277352686692375−45.8%
Total assets1,8941,8941,8682,1122,3382,761+18.1%
Equity3175947467321,124999−11.1%
Liabilities1,5771,3001,1221,3801,2141,762+45.1%
Cash and cash equivalents3045758741,7581,7722,319+30.9%
Average number of employees4432330%

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 0DKK 500kDKK 1mDKK 1.5mDKK 2mDKK 2.5m202020212022202320242025
Gross profitMedian, the industry (2,370 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 Etikos ApS
Financial yearPeriodPublishedFigures forDocuments
202501/01/2025 – 31/12/202509/03/2026The companyPDF not statedXBRL
202401/01/2024 – 31/12/202417/02/2025The companyPDFXBRL
202301/01/2023 – 31/12/202326/02/2024The companyPDFXBRL
202201/01/2022 – 31/12/202206/02/2023The companyPDFXBRL
202101/01/2021 – 31/12/202118/03/2022The companyPDFXBRL
202001/01/2020 – 31/12/202029/04/2021The 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
0123409/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/2608/26
Employees

Position in the industry

2,370 companies in the database

Comparison with the other companies in business and other management consultancy activities based on the latest financial year.

Gross profitDKK 2.1mNo. 885 of 2,358
Better than 62% of the companies in the industry
EquityDKK 999kNo. 1172 of 2,369
Better than 51% of the companies in the industry
Number of employees4No. 658 of 2,370
Better than 72% of the companies in the industry

Industry median: gross profit DKK 1.3m, net profit DKK 170k, equity DKK 974k, 2 employees.

DKK 100kDKK 1.6mDKK 26.5mDKK 431.1mDKK 2.8bnHere
Distribution of gross profit for 2,031 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. 30,028of 69,742
Better than 57%
No. 33,687of 69,964
Better than 52%
Same industry and fewer than 20 employees2,220 companies in the comparison
No. 752of 2,210
Better than 66%
No. 1,048of 2,219
Better than 53%
Companies that are between 15 and 29 years old24,910 companies in the comparison
No. 15,229of 24,791
Better than 39%
No. 18,102of 24,909
Better than 27%
All companies of type ApS66,508 companies in the comparison
No. 29,158of 66,379
Better than 56%
No. 29,566of 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

Business and other management consultancy activities
Gross profit
  1. Etikos ApSDKK 2.1m
  2. COWI Holding A/SDKK 7bn
  3. Accenture A/SDKK 1.1bn
Net profit
  1. Etikos ApSDKK 375k
  2. COWI Holding A/SDKK 374m
  3. Accenture A/SDKK 116.1m
Equity
  1. Etikos ApSDKK 999k
  2. COWI Holding A/SDKK 2bn
  3. Accenture A/SDKK 642m
Employees
  1. Etikos ApS4
  2. COWI Holding A/S12
  3. Accenture A/S977

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
  • Lene Frølund Thomsen Holding ApS100%
Etikos ApS

Management

1 active registrations

Executive management

Executive management at Etikos ApS
NameRoleAppointed
Lene Frølund ThomsenDirector01/04/2023
Founders
Kresten Vilhelm Schulin, Christina Millgaard Busk, Liza Riis Lange
Former management (7)
Former management at Etikos ApS
NameRoleAppointedResigned
Christina Millgaard BuskBoard member15/09/200616/06/2023
Liza Riis LangeBoard member15/09/200631/07/2009
Christina Millgaard BuskCEO01/09/200701/04/2023
Anne Benedicte SchulinDirector01/08/200901/05/2013
Anne Benedicte SchulinBoard member01/06/201001/05/2013
Morten Andreas Braae DiederichBoard member01/03/201916/06/2023
Anne Schou AndersenBoard member01/03/201916/06/2023

Signing rule: Selskabet tegnes af en direktør alene.

Address and production units

1 active production units

Skæringvej 88
8520 Lystrup

Aarhus Municipality · Postcode 8520

Production units
Production unitAddressEmployeesP number
ETIKOS ApSSkæringvej 88, st, 8520 Lystrup41012586457

Purpose

Selskabets formål er kursus- og konsulentvirksomhed samt al virksomhed, som efter bestyrelsens skøn er beslægtet hermed.

The purpose is quoted from the register in Danish.

Changes year by year

37 registered events
20261 changeaccounts 1
  • Annual report for 2025 published
20252 changesaccounts 1 · industry 1
  • Annual report for 2024 published
  • Industry changed to Business and other management consultancy activities (702000)
20241 changeaccounts 1
  • Annual report for 2023 published
20238 changesmanagement 5 · ownership 2 · accounts 1
  • Morten Andreas Braae Diederich stepped down as board member
  • Anne Schou Andersen stepped down as board member
  • Christina Millgaard Busk stepped down as board member
  • Lene Frølund Thomsen Holding ApS registered as owner (100%)
  • Lene Frølund Thomsen appointed director
  • Christina Millgaard Busk stepped down as ceo
  • C.BUSK HOLDING ApS is no longer registered as owner
  • Annual report for 2022 published
20222 changesaccounts 1 · address 1
  • Annual report for 2021 published
  • Moved to Skæringvej 88, st, 8520 Lystrup
20213 changesaddress 2 · accounts 1
  • Moved to Strandparken 22, 8410 Rønde
  • Annual report for 2020 published
  • Moved to Slotsparken 38, 8410 Rønde
20192 changesmanagement 2
  • Morten Andreas Braae Diederich appointed board member
  • Anne Schou Andersen appointed board member
20183 changesaddress 3
  • Moved to Rolighedsvej 45A, 8240 Risskov
  • Moved to Rolighedsvej 45A, 8240 Risskov
  • Moved to Rolighedsvej 45, 2, 8240 Risskov
20151 changeaddress 1
  • Moved to Rolighedsvej 45, 2, 8240 Risskov
20132 changesmanagement 2
  • Anne Benedicte Schulin stepped down as board member
  • Anne Benedicte Schulin stepped down as director
20121 changeownership 1
  • C.BUSK HOLDING ApS registered as owner (100%)
20103 changesaddress 2 · management 1
  • Moved to Silkeborgvej 781, 1, Årslev, 8220 Brabrand
  • Anne Benedicte Schulin appointed board member
  • Moved to Skæringvej 94, 8520 Lystrup
20093 changesmanagement 2 · address 1
  • Anne Benedicte Schulin appointed director
  • Liza Riis Lange stepped down as board member
  • Moved to Skæringvej 100, 8520 Lystrup
20081 changeindustry 1
  • Industry changed to Virksomhedsrådgivning og anden rådgivning om driftsledelse (702200)
20071 changemanagement 1
  • Christina Millgaard Busk appointed ceo
20063 changesfounded 1 · management 2
  • Registered as ETIKOS ApS
  • Christina Millgaard Busk appointed board member
  • Liza Riis Lange appointed board member

Related companies

Same industry in Aarhus

See all →

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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