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Friheden Invest A/S

Public limited companyCVR 15734949HørsholmActive

Friheden Invest A/S is a public limited company, based in Hørsholm, active in investment on own account, founded in 1992. The company made a loss in both 2024 and 2025, most recently DKK 145.8m. With 35 employees, the company is about 35 times larger than the industry median. 6 people are registered in the company's management and ownership.

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Key figures · financial year 2025

Gross profit−DKK 4.2m−36.3% vs. 2024
Net profit−DKK 145.8m−27.7% vs. 2024
EquityDKK 1.3bn−10.1% vs. 2024
Employees35latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • The loss grew: from DKK 114.2m to DKK 145.8m (2024 → 2025).
  • Equity fell 10% (2024 → 2025), to DKK 1.3bn.

Employees

  • 1 fewer employees than a year earlier: 35 (08/2026) against 36 (08/2025).

Management and owners, last 24 months

  • New in management: Lykke Martinsen (board member, 26/06/2026).
  • Stepped down: Ib Sønderby Larsen (board member, 26/06/2026), Niels Henrik Roth (board member, 26/06/2026) and Per Hillebrandt Jensen (deputy chair, 26/06/2026).

Registrations, last 24 months

  • 01/01/2025: Industry changed to Investment on own account (649910)

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 500mDKK 0DKK 500mDKK 1bnDKK 1.5bnDKK 2bnDKK 2.5bn202020212022202320242025
EquityNet profit
Financial figures for Friheden Invest A/S
202020212022202320242025Change
Revenuenot statednot statednot statednot statednot statednot stated–
Gross profit–––−2,964−3,117−4,249−36.3%
Operating profit (EBIT)−148,838555,948−97,045−39,164−34,889−808+97.7%
Profit before tax−149,053555,868−125,473−150,782−124,475−155,971−25.3%
Net profit−151,480444,581−125,512−164,226−114,184−145,847−27.7%
Total assets2,435,0802,598,8492,419,9461,966,1831,604,4221,698,152+5.8%
Equity2,419,0912,478,6722,303,1601,663,9341,449,7501,303,903−10.1%
Liabilities–––301,740154,672394,249+154.9%
Cash and cash equivalents42,25121,0462,74638,6564,3294,862+12.3%
Average number of employees–1820252022+10%

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 5m−DKK 4m−DKK 3m−DKK 2m−DKK 1mDKK 0202020212022202320242025
Gross profitMedian, the industry (655 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.

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 Friheden Invest A/S
Financial yearPeriodPublishedFigures forDocuments
202501/07/2024 – 30/06/202518/12/2025The companyPDF not statedXBRL
202401/07/2023 – 30/06/202420/12/2024The companyPDFXBRL
202301/07/2022 – 30/06/202329/11/2023The companyPDFXBRL
202201/07/2021 – 30/06/202231/10/2022The companyPDFXBRL
202101/07/2020 – 30/06/202105/11/2021The companyPDFXBRL
202001/07/2019 – 30/06/202003/12/2020The 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
01020304009/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/2608/26
Employees

Position in the industry

655 companies in the database

Comparison with the other companies in investment on own account based on the latest financial year.

Gross profit−DKK 4.2mNo. 607 of 623
Better than 3% of the companies in the industry
EquityDKK 1.3bnNo. 20 of 655
Better than 97% of the companies in the industry
Number of employees35No. 25 of 655
Better than 96% of the companies in the industry

Industry median: gross profit −DKK 36,065, net profit DKK 364k, equity DKK 22.5m, 1 employees.

DKK 100kDKK 968kDKK 9.4mDKK 90.6mDKK 411.3m
Distribution of gross profit for 255 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 20–49 employees9,922 companies in the comparison
No. 9,812of 9,892
Better than 1%
No. 44of 9,922
Better than 100%
Same industry and 20–49 employees16 companies in the comparison
No. 12of 14
Better than 15%
No. 1of 16
Better than 100%
Companies that are at least 30 years old10,276 companies in the comparison
No. 10,105of 10,152
Better than 0%
No. 169of 10,275
Better than 98%
All companies of type A/S18,025 companies in the comparison
No. 17,622of 17,786
Better than 1%
No. 329of 18,024
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

Investment on own account
Gross profit
  1. Friheden Invest A/S−DKK 4.2m
  2. Obton A/SDKK 876.4m
  3. MS2 Holding ApSDKK 841.3m
Net profit
  1. Friheden Invest A/S−DKK 145.8m
  2. Obton A/SDKK 463.9m
  3. MS2 Holding ApSDKK 136.9m
Equity
  1. Friheden Invest A/SDKK 1.3bn
  2. Obton A/S−DKK 219.2m
  3. MS2 Holding ApSDKK 1.2bn
Employees
  1. Friheden Invest A/S35
  2. Obton A/S11
  3. MS2 Holding ApS7

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
  • E.a.f.m. Holding ApS10% · 5% votes
  • Friheden Invest Holding ApS90%
Friheden Invest A/S
Subsidiaries and ownership shares

Subsidiaries are shown only if they are in the database.

Management

6 active registrations

Executive management

Executive management at Friheden Invest A/S
NameRoleAppointed
Niels Erik MartinsenDirector01/01/2003
Laust Johan JohnsenDirector16/01/2023

Board of directors

Board of directors at Friheden Invest A/S
NameRoleAppointed
Niels Erik MartinsenBoard member01/02/1992
Christoffer Martinsen-KønigsfeldtBoard member28/11/2016
Emilie Alexie Martinsen-KønigsfeldtChair of the board08/06/2023
Lykke MartinsenBoard member26/06/2026
Founders
Medimex ApS, A/S Pse Nr. 1680, ApS Kbil 9 Nr. 1008
Former management (22)
Former management at Friheden Invest A/S
NameRoleAppointedResigned
Ole Tolstrup KrogsgaardBoard member01/02/199215/11/2004
Gert KristiansenBoard member01/02/199215/11/2004
Ulf Svejgaard PoulsenChair of the board01/02/199220/07/1992
Kim MadsenBoard member01/02/199220/07/1992
Paul Ove Marek KjærBoard member01/02/199231/01/1997
Frode Peter SlipsagerBoard member01/02/199231/01/1997
Per Emil Hasselbalch StakemannBoard member01/02/199220/07/1992
Per Emil Hasselbalch StakemannDirector01/02/199220/07/1992
Henning Bøgehus NielsenDirector01/05/199801/05/2006
Lars HolbakChair of the board15/11/200410/11/2005
Jan Abildhøj FogBoard member15/11/200410/11/2005
Ib Sønderby LarsenBoard member22/06/200526/06/2026
Niels Henrik RothChair of the board10/11/200507/06/2023
Henning Bøgehus NielsenBoard member01/05/200616/11/2015
Per Hillebrandt JensenDirector01/05/200616/01/2023
Emilie Alexie Martinsen-KønigsfeldtBoard member19/11/200702/10/2015
Peter ThorsenBoard member16/11/201502/09/2016
Jesper JohansenBoard member15/05/201720/04/2020
Emilie Alexie Martinsen-KønigsfeldtBoard member16/07/202107/06/2023
Per Hillebrandt JensenBoard member01/03/202307/06/2023
Niels Henrik RothBoard member08/06/202326/06/2026
Per Hillebrandt JensenDeputy chair08/06/202326/06/2026

Signing rule: Selskabet tegnes af Niels Erik Martinsen og Emilie Alexie Martinsen-Kønigsfeldt i forening, af Niels Erik Martinsen og Christoffer Martinsen-Kønigsfeldt i forening eller af Niels Erik Martinsen, eller Emilie Alexie Martinsen-Kønigsfeldt, eller Christoffer Martinsen-Kønigsfeldt og Laust Johan Johnsen i forening

Address and production units

1 active production units

Høsterkøbvej 65
2970 Hørsholm

Rudersdal Municipality · Postcode 2970

Other companies at the address (1)

Production units
Production unitAddressEmployeesP number
FRIHEDEN INVEST A/SHøsterkøbvej 65, 2970 Hørsholm351000969382

Purpose

Selskabets formål er at eje aktier i IC Group A/S samt at investere og forvalte selskabets aktiver. Formålet er endvidere at eje og drive landbrugsvirksomhed og enhver form for aktivitet inden for opdræt af og handel med heste samt anden virksomhd i forbindelse hermed.

The purpose is quoted from the register in Danish.

Changes year by year

76 registered events
20264 changesmanagement 4
  • Lykke Martinsen appointed board member
  • Per Hillebrandt Jensen stepped down as deputy chair
  • Niels Henrik Roth stepped down as board member
  • Ib Sønderby Larsen stepped down as board member
20252 changesaccounts 1 · industry 1
  • Annual report for 2025 published
  • Industry changed to Investment on own account (649910)
20241 changeaccounts 1
  • Annual report for 2024 published
202310 changesaccounts 1 · management 9
  • Annual report for 2023 published
  • Per Hillebrandt Jensen appointed deputy chair
  • Emilie Alexie Martinsen-Kønigsfeldt appointed chair of the board
  • Niels Henrik Roth appointed board member
  • Per Hillebrandt Jensen stepped down as board member
  • Emilie Alexie Martinsen-Kønigsfeldt stepped down as board member
  • Niels Henrik Roth stepped down as chair of the board
  • Per Hillebrandt Jensen appointed board member
  • Laust Johan Johnsen appointed director
  • Per Hillebrandt Jensen stepped down as director
20221 changeaccounts 1
  • Annual report for 2022 published
20212 changesaccounts 1 · management 1
  • Annual report for 2021 published
  • Emilie Alexie Martinsen-Kønigsfeldt appointed board member
20205 changesaccounts 1 · management 1 · ownership 3
  • Annual report for 2020 published
  • Jesper Johansen stepped down as board member
  • Friheden Invest Holding ApS registered as owner (90%)
  • Niels Erik Martinsen is no longer registered as owner
  • Emilie Alexie Martinsen-Kønigsfeldt is no longer registered as owner
20171 changemanagement 1
  • Jesper Johansen appointed board member
20162 changesmanagement 2
  • Christoffer Martinsen-Kønigsfeldt appointed board member
  • Peter Thorsen stepped down as board member
20153 changesmanagement 3
  • Peter Thorsen appointed board member
  • Henning Bøgehus Nielsen stepped down as board member
  • Emilie Alexie Martinsen-Kønigsfeldt stepped down as board member
20102 changesownership 2
  • Niels Erik Martinsen registered as owner (10%)
  • Emilie Alexie Martinsen-Kønigsfeldt registered as owner (66.67%)
20092 changescapital 1 · ownership 1
  • Share capital changed from 106,025,000 DKK to 10,000,000 DKK
  • E.A.F.M. HOLDING ApS registered as owner (10%)
20072 changesmanagement 1 · address 1
  • Emilie Alexie Martinsen-Kønigsfeldt appointed board member
  • Moved to Høsterkøbvej 65, 2970 Hørsholm
20063 changesmanagement 3
  • Per Hillebrandt Jensen appointed director
  • Henning Bøgehus Nielsen appointed board member
  • Henning Bøgehus Nielsen stepped down as director
20054 changesmanagement 4
  • Niels Henrik Roth appointed chair of the board
  • Jan Abildhøj Fog stepped down as board member
  • Lars Holbak stepped down as chair of the board
  • Ib Sønderby Larsen appointed board member
20044 changesmanagement 4
  • Jan Abildhøj Fog appointed board member
  • Lars Holbak appointed chair of the board
  • Ole Tolstrup Krogsgaard stepped down as board member
  • Gert Kristiansen stepped down as board member
20031 changemanagement 1
  • Niels Erik Martinsen appointed director
20021 changeindustry 1
  • Industry changed to Investeringsselskaber (652320)
20002 changesname 1 · address 1
  • Name changed from IW HOLDING A/S to FRIHEDEN INVEST A/S
  • Moved to Høsterkøbvej 65, 2970 Hørsholm
19991 changemerger 1
  • Merger registered in CVR
19981 changemanagement 1
  • Henning Bøgehus Nielsen appointed director
19973 changescapital 1 · management 2
  • Share capital changed from 100,000,000 DKK to 106,025,000 DKK
  • Paul Ove Marek Kjær stepped down as board member
  • Frode Peter Slipsager stepped down as board member
19961 changename 1
  • Name changed from IN-WEAR HOLDING A/S to IW HOLDING A/S
19942 changescapital 1 · name 1
  • Share capital changed from 70,000,000 DKK to 100,000,000 DKK
  • Name changed from A/S PSE 10 NR. 1900 to IN-WEAR HOLDING A/S
19931 changecapital 1
  • Share capital changed from 50,000,000 DKK to 70,000,000 DKK
199215 changescapital 1 · management 13 · founded 1
  • Share capital changed from 500,000 DKK to 50,000,000 DKK
  • Kim Madsen stepped down as board member
  • Ulf Svejgaard Poulsen stepped down as chair of the board
  • Per Emil Hasselbalch Stakemann stepped down as board member
  • Per Emil Hasselbalch Stakemann stepped down as director
  • Registered as A/S PSE 10 NR. 1900
  • Paul Ove Marek Kjær appointed board member
  • Kim Madsen appointed board member
  • Ulf Svejgaard Poulsen appointed chair of the board
  • Per Emil Hasselbalch Stakemann appointed board member
  • Ole Tolstrup Krogsgaard appointed board member
  • Per Emil Hasselbalch Stakemann appointed director
  • Gert Kristiansen appointed board member
  • Frode Peter Slipsager appointed board member
  • Niels Erik Martinsen appointed board member

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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 24/10/2026. 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