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Formalize ApS

Private limited companyCVR 42045136København VActive

Formalize ApS is a private limited company, based in København V, active in computer programming activities, founded in 2021. The company made a loss in both 2024 and 2025, most recently DKK 47.8m. With 147 employees, the company is about 37 times larger than the industry median. Equity grew to DKK 96.7m in 2025.

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Key figures · financial year 2025

Gross profitDKK 35.9m+403.7% vs. 2024
Net profit−DKK 47.8m−29.6% vs. 2024
EquityDKK 96.7m+74.1% vs. 2024
Employees147latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Gross profit rose 404% (2024 → 2025), to DKK 35.9m.
  • The loss grew: from DKK 36.9m to DKK 47.8m (2024 → 2025).
  • Equity rose 74% (2024 → 2025), to DKK 96.7m.

Employees

  • 42 more employees than a year earlier: 147 (07/2026) against 105 (07/2025).

Management and owners, last 24 months

  • New in management: Christian Lynge Hjorth (chair of the board, 07/03/2025), Fritz Friedrich Oidtmann (board member, 21/10/2025) and Kristoffer Abell (director, 17/12/2025) (+1).
  • Stepped down: Kristoffer Abell (board member, 21/10/2025), Jens Morten Brøgger (board member, 13/05/2026) and Brian Gottorp Jeppesen (chair of the board, 07/03/2025).
  • New owners registered: Acton Fund VI GmbH & Co. KG (22/10/2025) and BlackFin Tech II (04/12/2025).
  • No longer registered as owner: Po International ApS (06/05/2026) and BlackFin Tech II (03/12/2025).

Registrations, last 24 months

  • 27/08/2026: Moved to Skelbækgade 2, 2. tv, 1717 København V
  • 04/12/2025: Share capital changed from 130,897 DKK to 127,861 DKK
  • 21/10/2025: Share capital changed from 115,005 DKK to 130,897 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 2021–2025 · amounts in DKK thousand

Equity and net profit

−DKK 60m−DKK 40m−DKK 20mDKK 0DKK 20mDKK 40mDKK 60mDKK 80mDKK 100m20212022202320242025
EquityNet profit
Financial figures for Formalize ApS
20212022202320242025Change
Revenuenot statednot statednot statednot statednot stated–
Gross profit−1,767−1,599−10,8687,13135,918+403.7%
Operating profit (EBIT)−2,919−6,610−29,580−36,887−44,482−20.6%
Profit before tax−2,927−6,642−30,457–−47,023–
Net profit−2,560−6,268−30,457−36,884−47,818−29.6%
Total assets2,73516,57824,859108,344174,112+60.7%
Equity48510,548−16,75055,52996,671+74.1%
Liabilities2,2506,03041,60952,81577,441+46.6%
Cash and cash equivalents1,20813,0038,92377,434114,824+48.3%
Average number of employees4113867130+94%

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 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 20m−DKK 10mDKK 0DKK 10mDKK 20mDKK 30mDKK 40m20212022202320242025
Gross profitMedian, the industry (1,661 companies)

Signals from the financial statements

calculated from the 2025 figures

  • Loss for 5 years in a row

    Net result has been negative in 2021–2025.

    How is this calculated?

    Net result is negative in the two or more 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

5 financial years
Annual reports for Formalize ApS
Financial yearPeriodPublishedFigures forDocuments
202501/01/2025 – 31/12/202513/05/2026The groupPDF not statedXBRL
202401/01/2024 – 31/12/202414/05/2025The companyPDFXBRL
202301/01/2023 – 31/12/202303/06/2024The companyPDFXBRL
202201/01/2022 – 31/12/202222/05/2023The companyPDFXBRL
202121/01/2021 – 31/12/202101/07/2022The 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
02040608010012014008/2309/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/26
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 35.9mNo. 135 of 1,656
Better than 92% of the companies in the industry
EquityDKK 96.7mNo. 41 of 1,661
Better than 98% of the companies in the industry
Number of employees147No. 41 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. 2,470of 4,412
Better than 44%
No. 696of 4,466
Better than 84%
Same industry and 50–199 employees99 companies in the comparison
No. 81of 99
Better than 18%
No. 15of 99
Better than 86%
Companies that are between 5 and 14 years old33,679 companies in the comparison
No. 1,033of 33,579
Better than 97%
No. 711of 33,678
Better than 98%
All companies of type ApS66,508 companies in the comparison
No. 1,126of 66,379
Better than 98%
No. 1,162of 66,505
Better than 98%

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. Formalize ApSDKK 35.9m
  2. Stibo Systems A/SDKK 916.6m
  3. Trackunit ApSDKK 897.1m
Net profit
  1. Formalize ApS−DKK 47.8m
  2. Stibo Systems A/SDKK 155.9m
  3. Trackunit ApSDKK 206.3m
Equity
  1. Formalize ApSDKK 96.7m
  2. Stibo Systems A/SDKK 309.7m
  3. Trackunit ApSDKK 1.7bn
Employees
  1. Formalize ApS147
  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
  • Aldbridge Services London Limited15%
  • Magnus Boye Holding ApS10%
  • Kristoffer Abell Holding ApS10%
  • Jakob Lilholm Holding ApS10%
  • Acton Fund VI GmbH & Co. KG5%
  • BlackFin Tech II25%
Formalize ApS

Management

7 active registrations

Executive management

Executive management at Formalize ApS
NameRoleAppointed
Jakob Emanuel Loftlund LilholmCEO21/01/2021
Kristoffer AbellDirector17/12/2025

Board of directors

Board of directors at Formalize ApS
NameRoleAppointed
Jakob Emanuel Loftlund LilholmBoard member26/10/2021
Michele ForadoriBoard member18/01/2024
Christian Lynge HjorthChair of the board07/03/2025
Fritz Friedrich OidtmannBoard member21/10/2025
Kristoffer AbellBoard member13/05/2026
Founders
Magnus Boye Holding ApS, Kristoffer Abell Holding ApS, Jakob Lilholm Holding ApS
Former management (8)
Former management at Formalize ApS
NameRoleAppointedResigned
Jacob HindhedeBoard member26/10/202118/01/2024
Thomas SchmidtChair of the board26/10/202102/10/2022
Patrick OlsenBoard member26/10/202118/01/2024
Kristoffer AbellBoard member26/10/202121/10/2025
Jens Morten BrøggerBoard member30/06/202213/05/2026
Brian Gottorp JeppesenBoard member30/06/202202/10/2022
Thomas SchmidtBoard member03/10/202218/01/2024
Brian Gottorp JeppesenChair of the board03/10/202207/03/2025

Signing rule: Selskabet tegnes af den administrerende direktør eller af tre bestyrelsesmedlemmer sammen.

Address and production units

2 active production units

Skelbækgade 2
1717 København V

København Municipality · Postcode 1717

Open in OpenStreetMap
Production units
Production unitAddressEmployeesP number
Formalize ApSFrederiksgade 25, 4, 8000 Aarhus C1211026710517
Formalize ApSSkelbækgade 2, 2. tv, 1717 København V261031445120

Purpose

Selskabets formål er at drive virksomhed med salg af IT baserede løsninger og software samt aktiviteter, der efter direktionens skøn er forbundet hermed.

The purpose is quoted from the register in Danish.

Changes year by year

76 registered events
20265 changesaddress 1 · management 2 · accounts 1 · ownership 1
  • Moved to Skelbækgade 2, 2. tv, 1717 København V
  • Kristoffer Abell appointed board member
  • Jens Morten Brøgger stepped down as board member
  • Annual report for 2025 published
  • PO INTERNATIONAL ApS is no longer registered as owner
202511 changesmanagement 5 · capital 2 · ownership 3 · accounts 1
  • Kristoffer Abell appointed director
  • Share capital changed from 130,897 DKK to 127,861 DKK
  • BlackFin Tech II registered as owner (25%)
  • BlackFin Tech II is no longer registered as owner
  • Acton Fund VI GmbH & Co. KG registered as owner (5%)
  • Share capital changed from 115,005 DKK to 130,897 DKK
  • Fritz Friedrich Oidtmann appointed board member
  • Kristoffer Abell stepped down as board member
  • Annual report for 2024 published
  • Christian Lynge Hjorth appointed chair of the board
  • Brian Gottorp Jeppesen stepped down as chair of the board
202415 changesaccounts 1 · name 1 · capital 1 · management 4 · ownership 8
  • Annual report for 2023 published
  • Name changed from Whistleblower Software ApS to Formalize ApS
  • Share capital changed from 83,019 DKK to 115,005 DKK
  • Michele Foradori appointed board member
  • Thomas Schmidt stepped down as board member
  • Jacob Hindhede stepped down as board member
  • Patrick Olsen stepped down as board member
  • BlackFin Tech II registered as owner (20%)
  • Jakob Lilholm Holding ApS registered as owner (10%)
  • Kristoffer Abell Holding ApS registered as owner (10%)
  • Magnus Boye Holding ApS registered as owner (10%)
  • Aggerholm ApS is no longer registered as owner
  • Magnus Boye Holding ApS is no longer registered as owner
  • Kristoffer Abell Holding ApS is no longer registered as owner
  • Jakob Lilholm Holding ApS is no longer registered as owner
20231 changeaccounts 1
  • Annual report for 2022 published
202222 changesmanagement 6 · capital 2 · ownership 12 · accounts 1 · address 1
  • Brian Gottorp Jeppesen appointed chair of the board
  • Thomas Schmidt appointed board member
  • Brian Gottorp Jeppesen stepped down as board member
  • Thomas Schmidt stepped down as chair of the board
  • Share capital changed from 67,029 DKK to 83,019 DKK
  • PO INTERNATIONAL ApS registered as owner (5%)
  • Magnus Boye Holding ApS registered as owner (15%)
  • Kristoffer Abell Holding ApS registered as owner (15%)
  • Jakob Lilholm Holding ApS registered as owner (15%)
  • Aldbridge Services London Limited registered as owner (15%)
  • Vesuv Ventures ApS is no longer registered as owner
  • Magnus Boye Holding ApS is no longer registered as owner
  • PO INTERNATIONAL ApS is no longer registered as owner
  • Kristoffer Abell Holding ApS is no longer registered as owner
  • Jakob Lilholm Holding ApS is no longer registered as owner
  • Annual report for 2021 published
  • Jens Morten Brøgger appointed board member
  • Brian Gottorp Jeppesen appointed board member
  • Moved to Kannikegade 4, 1, 8000 Aarhus C
  • Share capital changed from 64,998 DKK to 67,029 DKK
  • Vesuv Ventures ApS registered as owner (5%)
  • BRIGHT BOX ApS is no longer registered as owner
202122 changescapital 2 · management 6 · address 1 · ownership 12 · founded 1
  • Share capital changed from 60,934 DKK to 64,998 DKK
  • Thomas Schmidt appointed chair of the board
  • Jakob Emanuel Loftlund Lilholm appointed board member
  • Jacob Hindhede appointed board member
  • Kristoffer Abell appointed board member
  • Patrick Olsen appointed board member
  • Moved to Inge Lehmanns Gade 10, 5, 8000 Aarhus C
  • Share capital changed from 45,000 DKK to 60,934 DKK
  • BRIGHT BOX ApS registered as owner (5%)
  • Magnus Boye Holding ApS registered as owner (20%)
  • Aggerholm ApS registered as owner (5%)
  • PO INTERNATIONAL ApS registered as owner (10%)
  • Kristoffer Abell Holding ApS registered as owner (20%)
  • Jakob Lilholm Holding ApS registered as owner (20%)
  • Kristoffer Abell Holding ApS is no longer registered as owner
  • Magnus Boye Holding ApS is no longer registered as owner
  • Jakob Lilholm Holding ApS is no longer registered as owner
  • Registered as Whistleblower Software ApS
  • Jakob Emanuel Loftlund Lilholm appointed ceo
  • Kristoffer Abell Holding ApS registered as owner (33.33%)
  • Magnus Boye Holding ApS registered as owner (33.33%)
  • Jakob Lilholm Holding ApS registered as owner (33.33%)

Related companies

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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.

View in CVRReport a correction