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Festina Finance A/S

Public limited companyCVR 30986253VærløseActive

Festina Finance A/S is a public limited company, based in Værløse, active in computer programming activities, founded in 2007. After a loss in 2024, the company made a profit of DKK 8.1m in 2025. With 193 employees, the company is about 48 times larger than the industry median. Equity grew to DKK 49.8m in 2025.

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Key figures · financial year 2025

RevenueDKK 252.8m+47.7% vs. 2024
Net profitDKK 8.1m+136.3% vs. 2024
EquityDKK 49.8m+19.4% vs. 2024
Employees193latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Gross profit rose 70% (2024 → 2025), to DKK 163.1m.
  • Revenue rose 48% (2024 → 2025), to DKK 252.8m.
  • Net profit went from a loss of DKK 22.2m to a profit of DKK 8.1m (2024 → 2025).
  • Equity rose 19% (2024 → 2025), to DKK 49.8m.

Employees

  • 38 more employees than a year earlier: 193 (07/2026) against 155 (07/2025).

Management and owners, last 24 months

  • New in management: Thomas Holst Demant (board member, 31/01/2025), Jeremy Andrew Hansell (board member, 22/07/2026) and Kilian Pender (board member, 11/06/2026).
  • Stepped down: Tine Kosmider Boye (board member, 31/01/2025) and Kilian Pender (board member, 22/07/2026).
  • New owners registered: Schantz Innovation A/S (11/06/2026), Netcompany A/S (11/06/2026) and Birchway Capital FF SPV LP (11/06/2026).
  • No longer registered as owner: Mikael Braagaard (11/06/2026), Schantz Innovation A/S (10/06/2026) and Netcompany A/S (10/06/2026).

Registrations, last 24 months

  • 11/06/2026: Share capital changed from 4,151,387 DKK to 4,450,846 DKK

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 40m−DKK 20mDKK 0DKK 20mDKK 40mDKK 60m202020212022202320242025
EquityNet profit
Financial figures for Festina Finance A/S
202020212022202320242025Change
Revenuenot statednot statednot statednot stated171,140252,804+47.7%
Gross profit77,33167,46580,213124,45396,092163,119+69.8%
Operating profit (EBIT)24,0658,705−3,598−7,388−20,1116,686+133.2%
Profit before tax24,1759,071−3,395−7,468−22,5263,523+115.6%
Net profit18,8727,127−2,671−7,316−22,2478,084+136.3%
Total assets46,09033,05446,363130,319108,734118,614+9.1%
Equity29,41226,52023,84963,94741,70049,785+19.4%
Liabilities13,5906,53422,51366,34367,03368,830+2.7%
Cash and cash equivalents17,5557,9348,61492,64968,77432,780−52.3%
Average number of employees646878103121151+24.8%

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: 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 140mDKK 160m202020212022202320242025
Gross profitMedian, the industry (1,661 companies)

Annual reports

6 financial years
Annual reports for Festina Finance A/S
Financial yearPeriodPublishedFigures forDocuments
202501/01/2025 – 31/12/202503/06/2026The companyPDF not statedXBRL
202401/01/2024 – 31/12/202428/06/2025The companyPDFXBRL
202301/01/2023 – 31/12/202328/06/2024The companyPDFXBRL
202201/01/2022 – 31/12/202229/06/2023The companyPDFXBRL
202101/01/2021 – 31/12/202104/05/2022The companyPDFXBRL
202001/01/2020 – 31/12/202013/04/2021The 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
02040608010012014016018020008/2309/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/26
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 163.1mNo. 26 of 1,656
Better than 98% of the companies in the industry
EquityDKK 49.8mNo. 80 of 1,661
Better than 95% of the companies in the industry
Number of employees193No. 33 of 1,661
Better than 98% 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. 262of 4,412
Better than 94%
No. 1,231of 4,466
Better than 72%
Same industry and 50–199 employees99 companies in the comparison
No. 14of 99
Better than 87%
No. 37of 99
Better than 63%
Companies that are between 15 and 29 years old24,910 companies in the comparison
No. 424of 24,791
Better than 98%
No. 2,341of 24,909
Better than 91%
All companies of type A/S18,025 companies in the comparison
No. 981of 17,786
Better than 94%
No. 3,587of 18,024
Better than 80%

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. Festina Finance A/SDKK 163.1m
  2. Stibo Systems A/SDKK 916.6m
  3. Trackunit ApSDKK 897.1m
Net profit
  1. Festina Finance A/SDKK 8.1m
  2. Stibo Systems A/SDKK 155.9m
  3. Trackunit ApSDKK 206.3m
Equity
  1. Festina Finance A/SDKK 49.8m
  2. Stibo Systems A/SDKK 309.7m
  3. Trackunit ApSDKK 1.7bn
Employees
  1. Festina Finance A/S193
  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
Festina Finance A/S
Subsidiaries and ownership shares

Subsidiaries are shown only if they are in the database.

Management

7 active registrations

Executive management

Executive management at Festina Finance A/S
NameRoleAppointed
Mikael BraagaardDirector16/05/2013

Board of directors

Board of directors at Festina Finance A/S
NameRoleAppointed
Morten SchantzChair of the board16/05/2013
Jesper Linnemann LauritsenBoard member06/09/2023
Simon Espelund HansenBoard member06/09/2023
Thomas JohansenBoard member07/09/2023
Thomas Holst DemantBoard member31/01/2025
Jeremy Andrew HansellBoard member22/07/2026
Auditor
Revision Nord v/Registreret revisor Jimmy Bergøe
Founders
Science First ApS, Sapere Aude ApS
Former management (13)
Former management at Festina Finance A/S
NameRoleAppointedResigned
Jens Erik Jepsen ChristensenChair of the board29/10/200701/12/2008
Søren TheilgaardBoard member29/10/200731/01/2008
Jens Perch NielsenDirector29/10/200724/09/2012
Henrik ParkhøiBoard member31/01/200801/12/2008
Michael KochBoard member01/12/200823/04/2010
Anne-Sofie NielsenBoard member23/04/201016/05/2013
Morten SchantzCEO24/09/201216/05/2013
Flemming ConradBoard member16/05/201306/09/2023
Jens Perch NielsenBoard member16/05/201330/05/2014
Birgitte KlausenBoard member30/05/201406/09/2023
Lars Frost MathiesenBoard member05/08/201408/07/2015
Tine Kosmider BoyeBoard member07/09/202331/01/2025
Kilian PenderBoard member11/06/202622/07/2026

Signing rule: Selskabet tegnes af en direktør sammen med et bestyrelsesmedlem eller af to medlemmer af bestyrelsen i forening

Address and production units

1 active production units

Birketoften 15
3500 Værløse

Furesø Municipality · Postcode 3500

Other companies at the address (2)

Open in OpenStreetMap
Production units
Production unitAddressEmployeesP number
Festina Finance A/SBirketoften 15, Hareskov, 3500 Værløse1921013735278

Purpose

Selskabets formål er at udvikle software løsninger til privatøkonomisk rådgivning i den finansielle branche, herunder at eje virksomheder inden for eller med tilknytning til udvikling af løsninger til den finansielle branche og anden i forbindelse dermed stående virksomhed.

The purpose is quoted from the register in Danish.

Changes year by year

78 registered events
202611 changesmanagement 3 · capital 1 · ownership 6 · accounts 1
  • Jeremy Andrew Hansell appointed board member
  • Kilian Pender stepped down as board member
  • Share capital changed from 4,151,387 DKK to 4,450,846 DKK
  • Kilian Pender appointed board member
  • Birchway Capital FF SPV LP registered as owner (10%)
  • Netcompany A/S registered as owner (20%)
  • SCHANTZ INNOVATION A/S registered as owner (50%)
  • Mikael Braagaard is no longer registered as owner
  • Netcompany A/S is no longer registered as owner
  • SCHANTZ INNOVATION A/S is no longer registered as owner
  • Annual report for 2025 published
20253 changesaccounts 1 · management 2
  • Annual report for 2024 published
  • Thomas Holst Demant appointed board member
  • Tine Kosmider Boye stepped down as board member
20241 changeaccounts 1
  • Annual report for 2023 published
202314 changescapital 1 · management 6 · ownership 6 · accounts 1
  • Share capital changed from 3,782,000 DKK to 4,151,387 DKK
  • Thomas Johansen appointed board member
  • Tine Kosmider Boye appointed board member
  • Netcompany A/S registered as owner (20%)
  • SCHANTZ INNOVATION A/S registered as owner (50%)
  • Simon Espelund Hansen is no longer registered as owner
  • Jesper Linnemann Lauritsen appointed board member
  • Simon Espelund Hansen appointed board member
  • Birgitte Klausen stepped down as board member
  • Flemming Conrad stepped down as board member
  • SCHANTZ INNOVATION A/S is no longer registered as owner
  • Simon Espelund Hansen registered as owner (5%)
  • Annual report for 2022 published
  • Mikael Braagaard registered as owner (5%)
20221 changeaccounts 1
  • Annual report for 2021 published
20211 changeaccounts 1
  • Annual report for 2020 published
20191 changecapital 1
  • Share capital changed from 3,602,000 DKK to 3,782,000 DKK
20174 changescapital 1 · ownership 3
  • Share capital changed from 3,500,000 DKK to 3,602,000 DKK
  • Simon Espelund Hansen is no longer registered as owner
  • Mikael Braagaard is no longer registered as owner
  • Madsie Holding ApS is no longer registered as owner
20165 changesname 1 · ownership 4
  • Name changed from FESTINA LENTE A/S to Festina Finance A/S
  • Simon Espelund Hansen registered as owner (5%)
  • SCHANTZ INNOVATION A/S registered as owner (66.67%)
  • Mikael Braagaard registered as owner (5%)
  • SCHANTZ INNOVATION A/S is no longer registered as owner
20158 changescapital 1 · ownership 6 · management 1
  • Share capital changed from 1,500,000 DKK to 3,500,000 DKK
  • SCHANTZ INNOVATION A/S registered as owner (90%)
  • Morten Schantz is no longer registered as owner
  • Madsie Holding ApS registered as owner (5%)
  • Mads Andersen is no longer registered as owner
  • Lars Frost Mathiesen stepped down as board member
  • Mads Andersen registered as owner (5%)
  • Morten Schantz registered as owner (90%)
20144 changesindustry 1 · management 3
  • Industry changed to Computerprogrammering (620100)
  • Lars Frost Mathiesen appointed board member
  • Birgitte Klausen appointed board member
  • Jens Perch Nielsen stepped down as board member
20136 changesmanagement 6
  • Jens Perch Nielsen appointed board member
  • Flemming Conrad appointed board member
  • Morten Schantz appointed chair of the board
  • Mikael Braagaard appointed director
  • Morten Schantz stepped down as ceo
  • Anne-Sofie Nielsen stepped down as board member
20122 changesmanagement 2
  • Morten Schantz appointed ceo
  • Jens Perch Nielsen stepped down as director
20111 changeaddress 1
  • Moved to Birketoften 15, Hareskov, 3500 Værløse
20102 changesmanagement 2
  • Anne-Sofie Nielsen appointed board member
  • Michael Koch stepped down as board member
20091 changename 1
  • Name changed from LEVMERE PENSION A/S to FESTINA LENTE A/S
20089 changesaddress 1 · name 1 · management 5 · capital 1 · industry 1
  • Moved to Toldbodgade 51D, st, 1253 København K
  • Name changed from HOLDINGSELSKABET 2 OKTOBER 2007 A/S to LEVMERE PENSION A/S
  • Michael Koch appointed board member
  • Henrik Parkhøi stepped down as board member
  • Jens Erik Jepsen Christensen stepped down as chair of the board
  • Share capital changed from 500,000 DKK to 1,500,000 DKK
  • Henrik Parkhøi appointed board member
  • Søren Theilgaard stepped down as board member
  • Industry changed to Anden forskning og eksperimentel udvikling inden for naturvidenskab og teknik (721900)
20074 changesmanagement 3 · founded 1
  • Jens Perch Nielsen appointed director
  • Jens Erik Jepsen Christensen appointed chair of the board
  • Søren Theilgaard appointed board member
  • Registered as HOLDINGSELSKABET 2 OKTOBER 2007 A/S

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Same people in management

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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 23/10/2026.

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