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From Real Return Fund A/S

Public limited companyCVR 43964593GentofteActive

From Real Return Fund A/S is a public limited company, based in Gentofte, active in investment on own account, founded in 2023. Net profit rose 206% from 2024 to 2025, ending at DKK 21.4m. Profit has grown three years in a row. With 4 employees, the company is about 4 times larger than the industry median.

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Key figures · financial year 2025

Gross profit−DKK 3.7m−170.2% vs. 2024
Net profitDKK 21.4m+206.1% vs. 2024
EquityDKK 210.7m+125% vs. 2024
Employees4latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Net profit rose 206% (2024 → 2025), to DKK 21.4m.
  • Equity rose 125% (2024 → 2025), to DKK 210.7m.

Management and owners, last 24 months

  • New in management: Torben Henning Nielsen (chair of the board, 13/11/2024), Anders Christen Obel (board member, 13/11/2024) and Morten Kongshaug (board member, 13/11/2024) (+1).
  • New owners registered: Susie G. Holding ApS (26/11/2024), Claus Gregersen (15/06/2025) and VOF Invest A/S (10/10/2025) (+10).
  • No longer registered as owner: Tresor ApS (25/11/2024), Bfb ApS (25/11/2024) and Susie G. Holding ApS (25/11/2024) (+14).

Registrations, last 24 months

  • 06/09/2026: Share capital changed from 22,587,687 DKK to 23,279,008 DKK
  • 10/08/2026: Share capital changed from 22,429,381 DKK to 22,587,687 DKK
  • 06/07/2026: Share capital changed from 21,592,301 DKK to 22,429,381 DKK
  • 05/06/2026: Share capital changed from 20,763,182 DKK to 21,592,301 DKK
  • 11/05/2026: Share capital changed from 20,439,355 DKK to 20,763,182 DKK
  • 13/04/2026: Share capital changed from 19,932,441 DKK to 20,439,355 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 2023–2025 · amounts in DKK thousand

Equity and net profit

DKK 0DKK 50mDKK 100mDKK 150mDKK 200m202320242025
EquityNet profit
Financial figures for From Real Return Fund A/S
202320242025Change
Revenuenot statednot statednot stated–
Gross profit−387−1,375−3,716−170.2%
Operating profit (EBIT)−463−1,522−3,837−152.2%
Net profit8976,97921,363+206.1%
Total assets46,64693,988211,271+124.8%
Equity46,48793,624210,670+125%
Liabilities159364601+65%
Cash and cash equivalents9944,9544,229−14.6%
Average number of employees––0–

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

−DKK 4m−DKK 3.5m−DKK 3m−DKK 2.5m−DKK 2m−DKK 1.5m−DKK 1m−DKK 500kDKK 0202320242025
Gross profitMedian, the industry (655 companies)

Annual reports

3 financial years
Annual reports for From Real Return Fund A/S
Financial yearPeriodPublishedFigures forDocuments
202501/01/2025 – 31/12/202516/02/2026The companyPDF not statedXBRL
202401/01/2024 – 31/12/202426/02/2025The companyPDFXBRL
202323/03/2023 – 31/12/202311/02/2024The 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.

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 3.7mNo. 606 of 623
Better than 3% of the companies in the industry
EquityDKK 210.7mNo. 96 of 655
Better than 85% of the companies in the industry
Number of employees4No. 518 of 655
Better than 21% 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 fewer than 20 employees69,967 companies in the comparison
No. 69,443of 69,742
Better than 0%
No. 996of 69,964
Better than 99%
Same industry and fewer than 20 employees636 companies in the comparison
No. 592of 606
Better than 2%
No. 93of 636
Better than 86%
Companies that are founded within the last five years16,662 companies in the comparison
No. 16,528of 16,614
Better than 1%
No. 127of 16,661
Better than 99%
All companies of type A/S18,025 companies in the comparison
No. 17,610of 17,786
Better than 1%
No. 1,389of 18,024
Better than 92%

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. From Real Return Fund A/S−DKK 3.7m
  2. Obton A/SDKK 876.4m
  3. MS2 Holding ApSDKK 841.3m
Net profit
  1. From Real Return Fund A/SDKK 21.4m
  2. Obton A/SDKK 463.9m
  3. MS2 Holding ApSDKK 136.9m
Equity
  1. From Real Return Fund A/SDKK 210.7m
  2. Obton A/S−DKK 219.2m
  3. MS2 Holding ApSDKK 1.2bn
Employees
  1. From Real Return Fund A/S4
  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
  • Susie G. Holding ApS5%
  • Claus Gregersen5%
  • VOF Invest A/S5%
  • Jjh Invest ApS5%
  • Alreth ApS5%
From Real Return Fund A/S

Management

5 active registrations

Executive management

Executive management at From Real Return Fund A/S
NameRoleAppointed
Bertil FromDirector23/03/2023

Board of directors

Board of directors at From Real Return Fund A/S
NameRoleAppointed
Torben Henning NielsenChair of the board13/11/2024
Anders Christen ObelBoard member13/11/2024
Morten KongshaugBoard member13/11/2024
Henrik Voetmann MikkelsenBoard member21/02/2025
Founders
From Capital Management ApS

Signing rule: Selskabet tegnes af én direktør.

Address and production units

1 active production units

Sponnecksvej 10
2820 Gentofte

Gentofte Municipality · Postcode 2820

Other companies at the address (1)

Production units
Production unitAddressEmployeesP number
From Real Return Fund A/SSponnecksvej 10, 2820 Gentofte41029188676

Purpose

Selskabets formål er generere afkast ved investering i børsnoterede aktier samt erhvervs-, real- og statsobligationer.

The purpose is quoted from the register in Danish.

Changes year by year

88 registered events
202618 changesownership 7 · capital 10 · accounts 1
  • ALRETH ApS registered as owner (5%)
  • Share capital changed from 22,587,687 DKK to 23,279,008 DKK
  • ALRETH ApS is no longer registered as owner
  • Share capital changed from 22,429,381 DKK to 22,587,687 DKK
  • Share capital changed from 21,592,301 DKK to 22,429,381 DKK
  • Share capital changed from 20,763,182 DKK to 21,592,301 DKK
  • Share capital changed from 20,439,355 DKK to 20,763,182 DKK
  • ALRETH ApS registered as owner (5%)
  • GANGSTEDFONDEN is no longer registered as owner
  • ALRETH ApS is no longer registered as owner
  • Share capital changed from 19,932,441 DKK to 20,439,355 DKK
  • JJH INVEST ApS registered as owner (5%)
  • Share capital changed from 18,720,450 DKK to 19,932,441 DKK
  • Share capital changed from 18,537,380 DKK to 18,720,450 DKK
  • Share capital changed from 16,507,163 DKK to 18,537,380 DKK
  • BFB ApS is no longer registered as owner
  • Annual report for 2025 published
  • Share capital changed from 15,816,546 DKK to 16,507,163 DKK
202527 changescapital 10 · ownership 14 · accounts 1 · management 1 · industry 1
  • Share capital changed from 14,685,811 DKK to 15,816,546 DKK
  • TRESOR ApS is no longer registered as owner
  • Share capital changed from 14,101,919 DKK to 14,685,811 DKK
  • Share capital changed from 10,943,510 DKK to 14,101,919 DKK
  • VOF Invest A/S registered as owner (5%)
  • Anders Christen Obel is no longer registered as owner
  • Henriette Zeuthen Obel is no longer registered as owner
  • Share capital changed from 10,312,217 DKK to 10,943,510 DKK
  • Share capital changed from 9,772,677 DKK to 10,312,217 DKK
  • Sys Agnes Rovsing is no longer registered as owner
  • Claus Gregersen registered as owner (5%)
  • Claus Gregersen is no longer registered as owner
  • Share capital changed from 9,390,319 DKK to 9,772,677 DKK
  • Share capital changed from 9,207,097 DKK to 9,390,319 DKK
  • GANGSTEDFONDEN registered as owner (5%)
  • Henrik Voetmann Mikkelsen is no longer registered as owner
  • GANGSTEDFONDEN is no longer registered as owner
  • Share capital changed from 8,879,007 DKK to 9,207,097 DKK
  • Share capital changed from 8,636,050 DKK to 8,879,007 DKK
  • Annual report for 2024 published
  • Henrik Voetmann Mikkelsen appointed board member
  • Share capital changed from 8,200,290 DKK to 8,636,050 DKK
  • GANGSTEDFONDEN registered as owner (10%)
  • Claus Gregersen registered as owner (5%)
  • Claus Gregersen is no longer registered as owner
  • GANGSTEDFONDEN is no longer registered as owner
  • Industry changed to Investment on own account (649910)
202428 changescapital 6 · ownership 17 · name 1 · management 3 · accounts 1
  • Share capital changed from 7,257,480 DKK to 8,200,290 DKK
  • Henrik Voetmann Mikkelsen registered as owner (5%)
  • Claus Gregersen registered as owner (10%)
  • TRESOR ApS registered as owner (5%)
  • BFB ApS registered as owner (5%)
  • SUSIE G. HOLDING ApS registered as owner (5%)
  • Claus Gregersen is no longer registered as owner
  • SUSIE G. HOLDING ApS is no longer registered as owner
  • BFB ApS is no longer registered as owner
  • TRESOR ApS is no longer registered as owner
  • Name changed from From Real Return Fund ApS to From Real Return Fund A/S
  • Torben Henning Nielsen appointed chair of the board
  • Anders Christen Obel appointed board member
  • Morten Kongshaug appointed board member
  • Share capital changed from 6,814,464 DKK to 7,257,480 DKK
  • GANGSTEDFONDEN registered as owner (5%)
  • Share capital changed from 6,369,374 DKK to 6,814,464 DKK
  • ALRETH ApS registered as owner (5%)
  • ALRETH ApS is no longer registered as owner
  • Share capital changed from 5,376,957 DKK to 6,369,374 DKK
  • Maria Strandgaard Holding ApS is no longer registered as owner
  • Anders Christen Obel registered as owner (5%)
  • Henriette Zeuthen Obel registered as owner (5%)
  • Share capital changed from 5,104,831 DKK to 5,376,957 DKK
  • Thomas Hovard is no longer registered as owner
  • Annual report for 2023 published
  • Share capital changed from 4,545,401 DKK to 5,104,831 DKK
  • Sys Agnes Rovsing registered as owner (5%)
202315 changescapital 4 · ownership 9 · founded 1 · management 1
  • Share capital changed from 4,147,429 DKK to 4,545,401 DKK
  • Share capital changed from 41,474,278 DKK to 4,147,429 DKK
  • Share capital changed from 36,507,664 DKK to 41,474,278 DKK
  • Claus Gregersen registered as owner (5%)
  • Share capital changed from 40,000 DKK to 36,507,664 DKK
  • SUSIE G. HOLDING ApS registered as owner (10%)
  • BFB ApS registered as owner (10%)
  • TRESOR ApS registered as owner (10%)
  • Maria Strandgaard Holding ApS registered as owner (5%)
  • ALRETH ApS registered as owner (5%)
  • Thomas Hovard registered as owner (5%)
  • From Capital Management ApS is no longer registered as owner
  • Registered as From Real Return Fund ApS
  • Bertil From appointed director
  • From Capital Management ApS registered as owner (100%)

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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.

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