Fiftytwo Finance ApS
Private limited companyCVR 44495422GlostrupActive
Fiftytwo Finance ApS is a private limited company, based in Glostrup, active in computer programming activities, founded in 2023. Equity was negative at the end of 2025 (−DKK 1.7m). The company made a loss in both 2024 and 2025, most recently DKK 2.3m. Operations are spread over 4 production units in 4 towns.
Key figures · financial year 2025
What has changed
calculated from recorded figures and datesFinancials: 2025 against 2024
- Gross profit rose 3% (2024 → 2025), to DKK 3.9m.
- The loss got smaller: from DKK 3.8m to DKK 2.3m (2024 → 2025).
- Equity turned negative: −DKK 1.7m (2024 → 2025).
Employees
- 2 fewer employees than a year earlier: 5 (07/2026) against 7 (07/2025).
Management and owners, last 24 months
- New in management: Bo Kruse (ceo, 01/09/2026), Bo Kruse (board member, 01/09/2026) and Bernt Johan Qvistgaard Therp (chair of the board, 01/09/2026).
- Stepped down: Hans Holger Therp (board member, 01/09/2026), Bernt Johan Qvistgaard Therp (director, 01/09/2026) and Bernt Johan Qvistgaard Therp (board member, 31/08/2026).
- New owners registered: Fiftytwo Dynamics ApS (01/09/2026).
- No longer registered as owner: F. E. Bording A/S (01/09/2026).
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 2023–2025 · amounts in DKK thousandEquity and net profit
| 2023 | 2024 | 2025 | Change | |
|---|---|---|---|---|
| Revenue | not stated | not stated | not stated | – |
| Gross profit | −26 | 3,803 | 3,908 | +2.8% |
| Operating profit (EBIT) | −26 | −4,810 | −2,701 | +43.8% |
| Profit before tax | −26 | −4,916 | −2,977 | +39.5% |
| Net profit | −22 | −3,840 | −2,319 | +39.6% |
| Total assets | 8,755 | 6,575 | 4,565 | −30.6% |
| Equity | 4,482 | 643 | −1,676 | −360.8% |
| Liabilities | 4,273 | 5,932 | 6,241 | +5.2% |
| Cash and cash equivalents | – | 68 | 246 | +260.6% |
| Average number of employees | – | 10 | 7 | −30% |
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 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 figuresNegative equity
Equity was −DKK 1.7m at the end of 2025.
How is this calculated?
Equity in the latest annual report is below zero.
Loss for 3 years in a row
Net result has been negative in 2023–2025.
How is this calculated?
Net result is negative in the two or more latest annual reports in a row.
Fewer employees
The number of employees fell 30% from 10 in 2024 to 7 in 2025.
How is this calculated?
The number of employees according to the annual report has fallen by at least 25%, and was at least 10 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
3 financial years| Financial year | Period | Published | Figures for | Documents |
|---|---|---|---|---|
| 2025 | 01/01/2025 – 31/12/2025 | 29/06/2026 | The company | PDF not statedXBRL |
| 2024 | 01/01/2024 – 31/12/2024 | 30/06/2025 | The company | PDFXBRL |
| 2023 | 13/12/2023 – 31/12/2023 | 02/07/2024 | 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
1,661 companies in the databaseComparison with the other companies in computer programming activities based on the latest financial year.
Industry median: gross profit DKK 2.6m, net profit DKK 93,491, equity DKK 1m, 4 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. 17,556of 69,742 Better than 75% | No. 68,007of 69,964 Better than 3% |
| Same industry and fewer than 20 employees1,365 companies in the comparison | No. 415of 1,363 Better than 70% | No. 1,248of 1,365 Better than 9% |
| Companies that are founded within the last five years16,662 companies in the comparison | No. 2,985of 16,614 Better than 82% | No. 16,140of 16,661 Better than 3% |
| All companies of type ApS66,508 companies in the comparison | No. 17,608of 66,379 Better than 73% | No. 64,536of 66,505 Better than 3% |
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- Fiftytwo Finance ApSDKK 3.9m
- Stibo Systems A/SDKK 916.6m
- Trackunit ApSDKK 897.1m
- Fiftytwo Finance ApS−DKK 2.3m
- Stibo Systems A/SDKK 155.9m
- Trackunit ApSDKK 206.3m
- Fiftytwo Finance ApS−DKK 1.7m
- Stibo Systems A/SDKK 309.7m
- Trackunit ApSDKK 1.7bn
- Fiftytwo Finance ApS5
- Stibo Systems A/S201
- 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 RegisterManagement
3 active registrationsExecutive management
| Name | Role | Appointed |
|---|---|---|
| Bo Kruse | CEO | 01/09/2026 |
Board of directors
| Name | Role | Appointed |
|---|---|---|
| Bo Kruse | Board member | 01/09/2026 |
| Bernt Johan Qvistgaard Therp | Chair of the board | 01/09/2026 |
- Auditor
- Grant Thornton, Godkendt Revisionspartnerselskab
- Founders
- F. E. Bording A/S
Former management (3)
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| Hans Holger Therp | Board member | 13/12/2023 | 01/09/2026 |
| Bernt Johan Qvistgaard Therp | Director | 13/12/2023 | 01/09/2026 |
| Bernt Johan Qvistgaard Therp | Board member | 13/12/2023 | 31/08/2026 |
Signing rule: Selskabet tegnes af en direktør eller af den samlede bestyrelse
Address and production units
4 active production unitsEjby Industrivej 91
2600 Glostrup
Glostrup Municipality · Postcode 2600
Other companies at the address (8)
- Bording Danmark A/SOther publishing activities, except software publishing
- Fiftytwo A/SComputer programming activities
- Skiltex A/SWholesale of information and communication equipment
- Kragerup & Ko ApSEvent catering
- Fiftytwo Dynamics ApSOther software publishing
| Production unit | Address | Employees | P number |
|---|---|---|---|
| Fiftytwo Finance ApS | Vintervej 7, 1, 8210 Aarhus V | 4 | 1032692962 |
| Fiftytwo Finance ApS | Ejby Industrivej 91, 2600 Glostrup | 1 | 1029917511 |
| Fiftytwo Finance ApS | Olaf Ryes Gade 7K, 2. 4, 6000 Kolding | – | 1030018431 |
| Fiftytwo Finance ApS | Porsvej 2, 9000 Aalborg | – | 1030018423 |
Purpose
Selskabets formål er at udvikle og licensere softwarerettigheder og levere ydelser i relation dertil, herunder drive anden beslægtet virksomhed efter bestyrelsens skøn
The purpose is quoted from the register in Danish.
Changes year by year
16 registered events20269 changesmanagement 6 · ownership 2 · accounts 1
- ManagementBo Kruse appointed ceo
- ManagementBo Kruse appointed board member
- ManagementBernt Johan Qvistgaard Therp appointed chair of the board
- ManagementHans Holger Therp stepped down as board member
- ManagementBernt Johan Qvistgaard Therp stepped down as director
- OwnershipFiftytwo Dynamics ApS registered as owner (100%)
- OwnershipF. E. BORDING A/S is no longer registered as owner
- ManagementBernt Johan Qvistgaard Therp stepped down as board member
- AccountsAnnual report for 2025 published
20251 changeaccounts 1
- AccountsAnnual report for 2024 published
20241 changeaccounts 1
- AccountsAnnual report for 2023 published
20235 changesfounded 1 · management 3 · ownership 1
- FoundedRegistered as Fiftytwo Finance ApS
- ManagementHans Holger Therp appointed board member
- ManagementBernt Johan Qvistgaard Therp appointed director
- ManagementBernt Johan Qvistgaard Therp appointed board member
- OwnershipF. E. BORDING A/S registered as owner (100%)
Related companies
Same industry in Glostrup
- Geoinfo A/S76 employees
- Fiftytwo A/S62 employees
- Tecsys A/S38 employees
- Rovsing A/S31 employees
- Omda A/S6 employees
- Enos ApS3 employees
Same people in management
- Bording Danmark A/Svia Bernt Johan Qvistgaard Therp
- Fiftytwo A/Svia Bernt Johan Qvistgaard Therp
- KLS PurePrint A/Svia Bernt Johan Qvistgaard Therp
- Addbrand Denmark A/Svia Hans Holger Therp
- F. E. Bording A/Svia Bernt Johan Qvistgaard Therp
- Fiftytwo Dynamics ApSvia Bernt Johan Qvistgaard Therp
Largest in the industry
- Stibo Systems A/SDKK 916.6m
- Trackunit ApSDKK 897.1m
- twoday Danmark A/SDKK 672.1m
- SAS Institute A/SDKK 544.2m
- Dalux ApSDKK 505m
- Fellowmind Denmark A/SDKK 480m
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.