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Fsn Capital Partners ApS

Private limited companyCVR 32831591København KActive

Fsn Capital Partners ApS is a private limited company, based in København K, active in investment on own account, founded in 2010. Net profit fell 70% from 2024 to 2025, ending at DKK 3.3m. With 19 employees, the company is about 19 times larger than the industry median. Equity fell to DKK 3.4m in 2025.

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Key figures · financial year 2025

Gross profitDKK 44.5m−5.2% vs. 2024
Net profitDKK 3.3m−70.3% vs. 2024
EquityDKK 3.4m−83.5% vs. 2024
Employees19latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Gross profit fell 5% (2024 → 2025), to DKK 44.5m.
  • Net profit fell 70% (2024 → 2025), to DKK 3.3m.
  • Equity fell 83% (2024 → 2025), to DKK 3.4m.

Employees

  • 3 fewer employees than a year earlier: 19 (08/2026) against 22 (08/2025).

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 0DKK 5mDKK 10mDKK 15mDKK 20m202020212022202320242025
EquityNet profit
Financial figures for Fsn Capital Partners ApS
202020212022202320242025Change
Revenuenot statednot statednot statednot statednot statednot stated–
Gross profit29,65145,64251,12341,80446,92044,492−5.2%
Operating profit (EBIT)4,42718,2823,6982,95313,8424,772−65.5%
Profit before tax4,50018,0303,3974,44814,1694,321−69.5%
Net profit3,51014,0622,6363,46811,0413,280−70.3%
Total assets18,63929,14826,30723,43146,28842,004−9.3%
Equity3,59014,1422,7163,54820,3493,360−83.5%
Liabilities15,04915,00623,59219,80725,79038,547+49.5%
Cash and cash equivalents12,07810,9541058,09513,0452,804−78.5%
Average number of employees141617171921+10.5%

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 10mDKK 0DKK 10mDKK 20mDKK 30mDKK 40mDKK 50m202020212022202320242025
Gross profitMedian, the industry (655 companies)

Signals from the financial statements

calculated from the 2025 figures

  • Equity fell sharply

    Equity fell 83% from 2024 to 2025 (DKK 20.3m to DKK 3.4m).

    How is this calculated?

    Equity has fallen by at least 30% from the previous annual report, and it was positive the year before.

  • Low equity ratio

    Equity makes up 8% of total assets in 2025.

    How is this calculated?

    Equity ÷ total assets is below 10% in the latest annual report. Banks, insurers and some industries naturally have a low ratio.

  • Profit for five years in a row

    Net result has been positive in 2021–2025.

    How is this calculated?

    Net result is positive in the five 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 Fsn Capital Partners ApS
Financial yearPeriodPublishedFigures forDocuments
202501/01/2025 – 31/12/202501/07/2026The companyPDF not statedXBRL
202401/01/2024 – 31/12/202428/05/2025The companyPDFXBRL
202301/01/2023 – 31/12/202325/04/2024The companyPDFXBRL
202201/01/2022 – 31/12/202212/04/2023The companyPDFXBRL
202101/01/2021 – 31/12/202104/05/2022The companyPDFXBRL
202001/01/2020 – 31/12/202022/04/2021The 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
051015202509/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/2608/26
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 profitDKK 44.5mNo. 28 of 623
Better than 96% of the companies in the industry
EquityDKK 3.4mNo. 508 of 655
Better than 22% of the companies in the industry
Number of employees19No. 26 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 411.3mHere
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. 595of 69,742
Better than 99%
No. 18,100of 69,964
Better than 74%
Same industry and fewer than 20 employees636 companies in the comparison
No. 25of 606
Better than 96%
No. 495of 636
Better than 22%
Companies that are between 15 and 29 years old24,910 companies in the comparison
No. 1,609of 24,791
Better than 94%
No. 11,739of 24,909
Better than 53%
All companies of type ApS66,508 companies in the comparison
No. 837of 66,379
Better than 99%
No. 14,717of 66,505
Better than 78%

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. Fsn Capital Partners ApSDKK 44.5m
  2. Obton A/SDKK 876.4m
  3. MS2 Holding ApSDKK 841.3m
Net profit
  1. Fsn Capital Partners ApSDKK 3.3m
  2. Obton A/SDKK 463.9m
  3. MS2 Holding ApSDKK 136.9m
Equity
  1. Fsn Capital Partners ApSDKK 3.4m
  2. Obton A/S−DKK 219.2m
  3. MS2 Holding ApSDKK 1.2bn
Employees
  1. Fsn Capital Partners ApS19
  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
  • FSN Capital Partners AS100%
Fsn Capital Partners ApS

Management

3 active registrations

Executive management

Executive management at Fsn Capital Partners ApS
NameRoleAppointed
Jesper Bram IsaksenDirector16/10/2024

Board of directors

Board of directors at Fsn Capital Partners ApS
NameRoleAppointed
Jesper Bram IsaksenBoard member21/02/2020
Morten WeloChair of the board21/02/2020
Founders
Advokataktieselskab Accura
Former management (5)
Former management at Fsn Capital Partners ApS
NameRoleAppointedResigned
Thomas Broe-AndersenDirector26/03/201016/12/2010
Marianne MichelsenCEO16/12/201026/05/2011
Morten WeloCEO26/05/201121/02/2020
Lars DenkovDirector21/02/202016/10/2024
Lars DenkovBoard member21/02/202016/10/2024

Signing rule: Selskabet tegnes af to bestyrelsesmedlemmer i forening.

Address and production units

1 active production units

Kongens Nytorv 26
1050 København K

København Municipality · Postcode 1050

Production units
Production unitAddressEmployeesP number
FSN CAPITAL PARTNERS ApSKongens Nytorv 26, 2, 1050 København K191015943447

Purpose

Selskabets formål er at er at drive handel og industri samt anden, efter direktionens skøn, beslægtet virksomhed.

The purpose is quoted from the register in Danish.

Changes year by year

25 registered events
20261 changeaccounts 1
  • Annual report for 2025 published
20252 changesaccounts 1 · industry 1
  • Annual report for 2024 published
  • Industry changed to Investment on own account (649910)
20244 changesmanagement 3 · accounts 1
  • Jesper Bram Isaksen appointed director
  • Lars Denkov stepped down as board member
  • Lars Denkov stepped down as director
  • Annual report for 2023 published
20231 changeaccounts 1
  • Annual report for 2022 published
20221 changeaccounts 1
  • Annual report for 2021 published
20211 changeaccounts 1
  • Annual report for 2020 published
20205 changesmanagement 5
  • Lars Denkov appointed board member
  • Lars Denkov appointed director
  • Jesper Bram Isaksen appointed board member
  • Morten Welo appointed chair of the board
  • Morten Welo stepped down as ceo
20151 changeaddress 1
  • Moved to Kongens Nytorv 26, 2, 1050 København K
20141 changeindustry 1
  • Industry changed to Investeringsselskaber (643030)
20131 changeownership 1
  • FSN Capital Partners AS registered as owner (100%)
20112 changesmanagement 2
  • Morten Welo appointed ceo
  • Marianne Michelsen stepped down as ceo
20105 changesmanagement 3 · address 1 · founded 1
  • Marianne Michelsen appointed ceo
  • Thomas Broe-Andersen stepped down as director
  • Moved to Østergade 22, 4, 1100 København K
  • Registered as FSN CAPITAL PARTNERS ApS
  • Thomas Broe-Andersen appointed director

Related companies

Same people in management

Largest in the industry

See all →

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.

View in CVRReport a correction