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Flatpay ApS

Private limited companyCVR 42718033HerlevActive

Flatpay ApS is a private limited company, based in Herlev, active in computer consultancy and computer facilities management, founded in 2021. The company made a loss in both 2024 and 2025, most recently DKK 77.6m. With 301 employees, the company is about 151 times larger than the industry median. Equity fell to DKK 147.8m in 2025.

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Key figures · financial year 2025

RevenueDKK 39.2m
Net profit−DKK 77.6m+48.8% vs. 2024
EquityDKK 147.8m−75% vs. 2024
Employees301latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Gross profit fell 65% (2024 → 2025), to DKK 4.2m.
  • The loss got smaller: from DKK 151.7m to DKK 77.6m (2024 → 2025).
  • Equity fell 75% (2024 → 2025), to DKK 147.8m.

Employees

  • 99 more employees than a year earlier: 301 (07/2026) against 202 (07/2025).

Management and owners, last 24 months

  • New in management: Warda Shaheen (board member, 27/10/2025), Thomas Stegeager Kvorning (board member, 30/01/2026) and Henrik Poulsen (chair of the board, 30/01/2026).
  • Stepped down: Thomas Stegeager Kvorning (chair of the board, 29/01/2026) and Marco Filipe Cândido Dos Santos (board member, 30/01/2026).
  • New owners registered: LFSE Holding 1 ApS (11/11/2024), SVRA JJ Holding 2 ApS (01/05/2025) and FL Invest ApS (19/08/2025) (+12).
  • No longer registered as owner: Seed Capital Denmark IV K/S (12/12/2024), Lüth Invest ApS (01/07/2025) and Rasmus Busk Holding ApS (11/11/2024) (+12).

Registrations, last 24 months

  • 15/09/2026: Share capital changed from 142,259 DKK to 142,431 DKK
  • 08/07/2026: Share capital changed from 141,764 DKK to 142,259 DKK
  • 13/05/2026: Share capital changed from 141,729 DKK to 141,764 DKK
  • 01/05/2026: Share capital changed from 141,463 DKK to 141,729 DKK
  • 17/04/2026: Share capital changed from 140,070 DKK to 141,463 DKK
  • 01/04/2026: Share capital changed from 137,308 DKK to 140,070 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 2022–2025 · amounts in DKK thousand

Equity and net profit

−DKK 200m−DKK 100mDKK 0DKK 100mDKK 200mDKK 300mDKK 400mDKK 500mDKK 600m2022202320242025
EquityNet profit
Financial figures for Flatpay ApS
2022202320242025Change
Revenuenot statednot statednot stated39,217–
Gross profit−1,282−2,40311,9644,183−65%
Operating profit (EBIT)−9,040−52,795−152,962−70,312+54%
Profit before tax––−151,725−77,365+49%
Net profit−9,246−51,936−151,737−77,638+48.8%
Total assets31,609104,375652,703192,826−70.5%
Equity24,62685,358590,991147,814−75%
Liabilities6,98419,01761,71344,762−27.5%
Cash and cash equivalents24,34563,430107,692139,538+29.6%
Average number of employees1174257957+272.4%

Source: annual reports filed with the Danish Business Authority (XBRL). Group figures; change is the latest year against the year before. “–” means the figure is not stated in the annual report. Revenue is not stated for 2022, 2023, 2024: 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 4m−DKK 2mDKK 0DKK 2mDKK 4mDKK 6mDKK 8mDKK 10mDKK 12m2022202320242025
Gross profitMedian, the industry (1,974 companies)

Signals from the financial statements

calculated from the 2025 figures

  • Loss for 4 years in a row

    Net result has been negative in 2022–2025.

    How is this calculated?

    Net result is negative in the two or more latest annual reports in a row.

  • Equity fell sharply

    Equity fell 75% from 2024 to 2025 (DKK 591m to DKK 147.8m).

    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

4 financial years
Annual reports for Flatpay ApS
Financial yearPeriodPublishedFigures forDocuments
202501/01/2025 – 31/12/202526/06/2026The groupPDF not statedXBRL
202401/01/2024 – 31/12/202423/06/2025The companyPDFXBRL
202301/01/2023 – 31/12/202324/06/2024The companyPDFXBRL
202223/09/2021 – 31/12/202229/06/2023The 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
05010015020025030008/2309/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/26
Employees

Position in the industry

1,974 companies in the database

Comparison with the other companies in computer consultancy and computer facilities management based on the latest financial year.

Gross profitDKK 4.2mNo. 668 of 1,969
Better than 66% of the companies in the industry
EquityDKK 147.8mNo. 23 of 1,974
Better than 99% of the companies in the industry
Number of employees301No. 4 of 1,974
Better than 100% of the companies in the industry

Industry median: gross profit DKK 2.1m, net profit DKK 235k, equity DKK 931k, 2 employees.

DKK 100kDKK 1.1mDKK 12.3mDKK 136.8mDKK 680.5mHere
Distribution of gross profit for 1,845 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 200–499 employees796 companies in the comparison
No. 748of 763
Better than 2%
No. 318of 796
Better than 60%
Same industry and 200–499 employees11 companies in the comparison
No. 9of 9
Better than 0%
No. 7of 11
Better than 40%
Companies that are between 5 and 14 years old33,679 companies in the comparison
No. 10,057of 33,579
Better than 70%
No. 515of 33,678
Better than 98%
All companies of type ApS66,508 companies in the comparison
No. 16,449of 66,379
Better than 75%
No. 776of 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

Computer consultancy and computer facilities management
Gross profit
  1. Flatpay ApSDKK 4.2m
  2. KMD A/SDKK 1.5bn
  3. Netcompany A/SDKK 1.1bn
Net profit
  1. Flatpay ApS−DKK 77.6m
  2. KMD A/SDKK 272.1m
  3. Netcompany A/SDKK 374.2m
Equity
  1. Flatpay ApSDKK 147.8m
  2. KMD A/SDKK 1.7bn
  3. Netcompany A/SDKK 902.7m
Employees
  1. Flatpay ApS301
  2. KMD A/S1,540
  3. Netcompany A/S2,464

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
  • LFSE Holding 1 ApS5%
  • SVRA JJ Holding 2 ApS5%
  • FL Invest ApS5%
  • Seed Capital Denmark IV K/S15%
  • Dawn Capital V SCSp10%
  • FP Holdings Limited10%
  • HS Investments EFP II Limited15%
Flatpay ApS

Management

11 active registrations

Executive management

Executive management at Flatpay ApS
NameRoleAppointed
Rasmus BuskDirector01/04/2022
Peter Foss LüthDirector11/08/2022
Sander Janca-JensenCEO11/08/2022

Board of directors

Board of directors at Flatpay ApS
NameRoleAppointed
Lars AndersenBoard member04/10/2022
Peter Foss LüthBoard member04/11/2022
Rasmus BuskBoard member04/11/2022
Ines StreimelwegerBoard member13/06/2023
Joshua Carl BellBoard member19/03/2024
Warda ShaheenBoard member27/10/2025
Thomas Stegeager KvorningBoard member30/01/2026
Henrik PoulsenChair of the board30/01/2026
Founders
Rasmus Busk Holding ApS
Former management (8)
Former management at Flatpay ApS
NameRoleAppointedResigned
Rasmus BuskDirector23/09/202125/03/2022
Peter Foss LüthCEO25/03/202210/08/2022
Kristian Nygaard JohansenBoard member01/06/202204/11/2022
Jerome Bengård BaltzersenBoard member01/06/202204/11/2022
Rasmus BuskChair of the board01/06/202203/11/2022
Caroline Eggert FrydenbergBoard member01/06/202201/07/2024
Thomas Stegeager KvorningChair of the board04/11/202229/01/2026
Marco Filipe Cândido Dos SantosBoard member01/07/202430/01/2026

Signing rule: Selskabet tegnes af den administrerende direktør i forening med Henrik Poulsen, den administrerende direktør i forening med Thomas Stegeager Kvorning, den administrerende direktør i forening med Lars Andersen, den administrerende direktør i forening med Ines Streimelweger, den administrerende direktør i forening med Joshua Carl Bell, den administrerende direktør i forening med Warda Shaheen, eller af den samlede bestyrelse i forening

Address and production units

2 active production units

Hørkær 16
2730 Herlev

Herlev Municipality · Postcode 2730

Other companies at the address (1)

Open in OpenStreetMap
Production units
Production unitAddressEmployeesP number
FLATPAY ApSHørkær 16, 3, 2730 Herlev2871027583608
Flatpay ApSNørre Allé 13, 2, 8000 Aarhus C141030452603

Purpose

Selskabets formål er at udvikle og sælge teknologi til at hjælpe virksomheder med deres økonomiske behov samt virksomhed i forbindelse hermed.

The purpose is quoted from the register in Danish.

Changes year by year

130 registered events
202615 changescapital 7 · accounts 1 · ownership 3 · management 4
  • Share capital changed from 142,259 DKK to 142,431 DKK
  • Share capital changed from 141,764 DKK to 142,259 DKK
  • Annual report for 2025 published
  • Share capital changed from 141,729 DKK to 141,764 DKK
  • Share capital changed from 141,463 DKK to 141,729 DKK
  • Share capital changed from 140,070 DKK to 141,463 DKK
  • Share capital changed from 137,308 DKK to 140,070 DKK
  • AVP Late Stage I S.L.P. is no longer registered as owner
  • Share capital changed from 137,135 DKK to 137,308 DKK
  • Henrik Poulsen appointed chair of the board
  • Thomas Stegeager Kvorning appointed board member
  • Marco Filipe Cândido Dos Santos stepped down as board member
  • HS Investments EFP II Limited registered as owner (15%)
  • Thomas Stegeager Kvorning stepped down as chair of the board
  • HS Investments EFP II Limited is no longer registered as owner
202522 changescapital 2 · management 1 · ownership 17 · accounts 1 · industry 1
  • Share capital changed from 118,319 DKK to 137,135 DKK
  • Warda Shaheen appointed board member
  • AVP Late Stage I S.L.P. registered as owner (5%)
  • FP Holdings Limited registered as owner (10%)
  • Dawn Capital V SCSp registered as owner (10%)
  • Seed Capital Denmark IV K/S registered as owner (15%)
  • HS Investments EFP II Limited registered as owner (20%)
  • Seed Capital Denmark IV K/S is no longer registered as owner
  • Dawn Capital V SCSp is no longer registered as owner
  • HS Investments EFP II Limited is no longer registered as owner
  • FP Holdings Limited is no longer registered as owner
  • FL Invest ApS registered as owner (5%)
  • Foss Lüth Invest ApS is no longer registered as owner
  • Foss Lüth Invest ApS registered as owner (5%)
  • LÜTH INVEST ApS is no longer registered as owner
  • Share capital changed from 118,293 DKK to 118,319 DKK
  • Annual report for 2024 published
  • SVRA JJ Holding 2 ApS registered as owner (5%)
  • Janca Jensen Holding ApS is no longer registered as owner
  • Janca Jensen Holding ApS registered as owner (5%)
  • Sander Jensen Holding ApS is no longer registered as owner
  • Industry changed to Computer consultancy and computer facilities management (622000)
202437 changescapital 3 · ownership 29 · address 1 · management 3 · accounts 1
  • Share capital changed from 102,567 DKK to 118,293 DKK
  • Seed Capital Denmark IV K/S registered as owner (20%)
  • Dawn Capital V SCSp registered as owner (15%)
  • HS Investments EFP II Limited registered as owner (20%)
  • FP Holdings Limited registered as owner (10%)
  • HS Investments EFP II Limited is no longer registered as owner
  • Dawn Capital V SCSp is no longer registered as owner
  • Seed Capital Denmark IV K/S is no longer registered as owner
  • LFSE Holding 1 ApS registered as owner (5%)
  • LFSE Holdco ApS is no longer registered as owner
  • RASMUS BUSK HOLDING ApS is no longer registered as owner
  • LFSE Holdco ApS registered as owner (5%)
  • Moved to Hørkær 16, 3, 2730 Herlev
  • Marco Filipe Cândido Dos Santos appointed board member
  • Caroline Eggert Frydenberg stepped down as board member
  • Annual report for 2023 published
  • Share capital changed from 93,640 DKK to 102,567 DKK
  • LÜTH INVEST ApS registered as owner (5%)
  • RASMUS BUSK HOLDING ApS registered as owner (5%)
  • Sander Jensen Holding ApS registered as owner (5%)
  • HS Investments EFP II Limited registered as owner (20%)
  • Dawn Capital V SCSp registered as owner (15%)
  • Dawn Capital V SCSp is no longer registered as owner
  • HS Investments EFP II Limited is no longer registered as owner
  • RASMUS BUSK HOLDING ApS is no longer registered as owner
  • LÜTH INVEST ApS is no longer registered as owner
  • Sander Jensen Holding ApS is no longer registered as owner
  • Share capital changed from 84,308 DKK to 93,640 DKK
  • Joshua Carl Bell appointed board member
  • Seed Capital Denmark IV K/S registered as owner (20%)
  • Dawn Capital V SCSp registered as owner (5%)
  • KJOHA ApS is no longer registered as owner
  • Seed Capital Denmark IV K/S is no longer registered as owner
  • HS Investments EFP II Limited registered as owner (20%)
  • Seed Capital Denmark IV K/S registered as owner (20%)
  • HS Investments EFP II Limited is no longer registered as owner
  • Seed Capital Denmark IV K/S is no longer registered as owner
202317 changesindustry 1 · capital 3 · accounts 1 · management 1 · ownership 11
  • Industry changed to Konsulentbistand vedrørende informationsteknologi (620200)
  • Share capital changed from 83,333 DKK to 84,308 DKK
  • Annual report for 2022 published
  • Share capital changed from 58,061 DKK to 83,333 DKK
  • Ines Streimelweger appointed board member
  • RASMUS BUSK HOLDING ApS registered as owner (10%)
  • LÜTH INVEST ApS registered as owner (10%)
  • HS Investments EFP II Limited registered as owner (20%)
  • Seed Capital Denmark IV K/S registered as owner (20%)
  • Sander Jensen Holding ApS registered as owner (10%)
  • Tsk 2019 ApS is no longer registered as owner
  • RASMUS BUSK HOLDING ApS is no longer registered as owner
  • Seed Capital Denmark IV K/S is no longer registered as owner
  • Sander Jensen Holding ApS is no longer registered as owner
  • LÜTH INVEST ApS is no longer registered as owner
  • Share capital changed from 56,349 DKK to 58,061 DKK
  • Tsk 2019 ApS registered as owner (5%)
202237 changesaddress 2 · capital 2 · management 17 · ownership 13 · name 2 · industry 1
  • Moved to Lyskær 13A, 3, 2730 Herlev
  • Share capital changed from 54,637 DKK to 56,349 DKK
  • Thomas Stegeager Kvorning appointed chair of the board
  • Rasmus Busk appointed board member
  • Peter Foss Lüth appointed board member
  • Jerome Bengård Baltzersen stepped down as board member
  • Kristian Nygaard Johansen stepped down as board member
  • Rasmus Busk stepped down as chair of the board
  • Share capital changed from 40,000 DKK to 54,637 DKK
  • Lars Andersen appointed board member
  • RASMUS BUSK HOLDING ApS registered as owner (20%)
  • Seed Capital Denmark IV K/S registered as owner (20%)
  • Sander Jensen Holding ApS registered as owner (20%)
  • KJOHA ApS registered as owner (5%)
  • LÜTH INVEST ApS registered as owner (20%)
  • Sander Jensen Holding ApS is no longer registered as owner
  • KJOHA ApS is no longer registered as owner
  • RASMUS BUSK HOLDING ApS is no longer registered as owner
  • LÜTH INVEST ApS is no longer registered as owner
  • Peter Foss Lüth appointed director
  • Sander Janca-Jensen appointed ceo
  • Peter Foss Lüth stepped down as ceo
  • Rasmus Busk appointed chair of the board
  • Caroline Eggert Frydenberg appointed board member
  • Jerome Bengård Baltzersen appointed board member
  • Kristian Nygaard Johansen appointed board member
  • Name changed from Flat Pay ApS to FLATPAY ApS
  • Rasmus Busk appointed director
  • Peter Foss Lüth appointed ceo
  • Rasmus Busk stepped down as director
  • Moved to Lyskær 8A, st. tv, 2730 Herlev
  • Sander Jensen Holding ApS registered as owner (25%)
  • KJOHA ApS registered as owner (10%)
  • RASMUS BUSK HOLDING ApS registered as owner (25%)
  • LÜTH INVEST ApS registered as owner (25%)
  • Name changed from Fri Fri Mobil ApS to Flat Pay ApS
  • Industry changed to Other activities auxiliary to financial services, except insurance and pension funding (661900)
20212 changesfounded 1 · management 1
  • Registered as Fri Fri Mobil ApS
  • Rasmus Busk appointed director

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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. The company is protected against advertising; contact details are not shown, and the data must not be used for marketing.

View in CVRReport a correction