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Ghost Ship Games ApS

Private limited companyCVR 37989819København KActive

Ghost Ship Games ApS is a private limited company, based in København K, active in publishing of computer games, founded in 2016. Net profit fell 62% from 2025 to 2026, ending at DKK 18.8m. Measured by gross profit, it ranks no. 5 of 74 companies in the industry in the database. With 59 employees, the company is about 20 times larger than the industry median.

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Key figures · financial year 2026

Gross profitDKK 73.1m−33.9% vs. 2025
Net profitDKK 18.8m−61.9% vs. 2025
EquityDKK 43.4m−12.5% vs. 2025
Employees59latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2026 against 2025

  • Gross profit fell 34% (2025 → 2026), to DKK 73.1m.
  • Net profit fell 62% (2025 → 2026), to DKK 18.8m.
  • Equity fell 12% (2025 → 2026), to DKK 43.4m.

Employees

  • 10 more employees than a year earlier: 59 (07/2026) against 49 (07/2025).

Registrations, last 24 months

  • 01/01/2025: Industry changed to Publishing of computer games (582100)

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 2020–2026 · amounts in DKK thousand

Equity and net profit

DKK 0DKK 20mDKK 40mDKK 60mDKK 80m202020222023202420252026
EquityNet profit
Financial figures for Ghost Ship Games ApS
202020222023202420252026Change
Revenuenot statednot statednot statednot statednot statednot stated–
Gross profit94,688127,987132,447108,572110,58473,143−33.9%
Operating profit (EBIT)–––78,89764,62727,801−57%
Profit before tax71,63593,967110,61778,28265,63324,349−62.9%
Net profit56,38474,32086,87760,95849,33118,801−61.9%
Total assets88,06779,644101,71886,52886,49278,033−9.8%
Equity57,06274,48287,35861,31649,64743,448−12.5%
Liabilities31,0065,16114,31122,38931,23828,942−7.4%
Cash and cash equivalents41,7648,99547,00758248144+200%
Average number of employees222727364348+11.6%

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, 2022, 2023, 2024, 2025, 2026: smaller companies may omit it, and we do not derive it from other figures. The register has no financial statements for 2021 (changed financial year or not filed).

Download the figures as CSV · free with an account, amounts in whole DKK

DKK 0DKK 20mDKK 40mDKK 60mDKK 80mDKK 100mDKK 120mDKK 140m202020222023202420252026
Gross profitMedian, the industry (74 companies)

Signals from the financial statements

calculated from the 2026 figures

  • Profit for five years in a row

    Net result has been positive in 2022–2026.

    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 Ghost Ship Games ApS
Financial yearPeriodPublishedFigures forDocuments
202601/04/2025 – 31/03/202630/09/2026The companyPDF not statedXBRL
202501/04/2024 – 31/03/202502/10/2025The companyPDF not statedXBRL
202401/04/2023 – 31/03/202401/10/2024The companyPDFXBRL
202301/04/2022 – 31/03/202303/10/2023The companyPDFXBRL
202201/01/2021 – 31/03/202213/10/2022The companyPDFXBRL
202001/01/2020 – 31/12/202010/06/2021The 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
010203040506008/2309/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/26
Employees

Position in the industry

74 companies in the database

Comparison with the other companies in publishing of computer games based on the latest financial year.

Gross profitDKK 73.1mNo. 5 of 74
Better than 95% of the companies in the industry
EquityDKK 43.4mNo. 9 of 74
Better than 89% of the companies in the industry
Number of employees59No. 6 of 74
Better than 93% of the companies in the industry

Industry median: gross profit DKK 1.4m, net profit −DKK 15,246, equity DKK 416k, 3 employees.

DKK 100kDKK 828kDKK 6.9mDKK 56.7mDKK 232.1mHere
Distribution of gross profit for 58 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. 1,089of 4,412
Better than 75%
No. 1,361of 4,466
Better than 70%
Companies that are between 5 and 14 years old33,688 companies in the comparison
No. 447of 33,588
Better than 99%
No. 1,327of 33,687
Better than 96%
All companies of type ApS66,508 companies in the comparison
No. 429of 66,379
Better than 99%
No. 2,353of 66,505
Better than 96%

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

Publishing of computer games
Gross profit
  1. Ghost Ship Games ApSDKK 73.1m
  2. Io Interactive A/SDKK 469.5m
  3. Sybo ApSDKK 367.5m
Net profit
  1. Ghost Ship Games ApSDKK 18.8m
  2. Io Interactive A/SDKK 143.4m
  3. Sybo ApSDKK 137.2m
Equity
  1. Ghost Ship Games ApSDKK 43.4m
  2. Io Interactive A/SDKK 809.3m
  3. Sybo ApSDKK 178.2m
Employees
  1. Ghost Ship Games ApS59
  2. Io Interactive A/S192
  3. Sybo ApS108

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
  • Ghost Ship Holding ApS100%
Ghost Ship Games ApS

Management

4 active registrations

Executive management

Executive management at Ghost Ship Games ApS
NameRoleAppointed
Søren LundgaardCEO01/09/2016

Board of directors

Board of directors at Ghost Ship Games ApS
NameRoleAppointed
Henrik EdwardsBoard member27/02/2017
Mikkel Martin PedersenChair of the board27/02/2017
Per Anton WestberghBoard member27/02/2017
Founders
Capnova A/S, Styrelsen for Forskning og Uddannelse, Ghost Ship Holding ApS
Former management (2)
Former management at Ghost Ship Games ApS
NameRoleAppointedResigned
Per Chrom JacobsenChair of the board01/09/201627/02/2017
Mikkel Martin PedersenBoard member01/09/201626/02/2017

Signing rule: Selskabet tegnes af enten den samlede bestyrelse i forening, to bestyrelsesmedlemmer i forening, eller bestyrelsesformanden i forening med direktøren.

Address and production units

1 active production units

Gothersgade 8F
1123 København K

København Municipality · Postcode 1123

Production units
Production unitAddressEmployeesP number
Ghost Ship Games ApSGothersgade 8F, 3, 1123 København K591021728744

Purpose

Selskabets formål er at udvikle og markedsføre computerspil, samt anden virksomhed, der efter bestyrelsens skøn er forbundet hermed.

The purpose is quoted from the register in Danish.

Changes year by year

41 registered events
20261 changeaccounts 1
  • Annual report for 2026 published
20252 changesaccounts 1 · industry 1
  • Annual report for 2025 published
  • Industry changed to Publishing of computer games (582100)
20242 changesaccounts 1 · address 1
  • Annual report for 2024 published
  • Moved to Gothersgade 8F, 3, 1123 København K
20231 changeaccounts 1
  • Annual report for 2023 published
20221 changeaccounts 1
  • Annual report for 2022 published
20214 changesownership 3 · accounts 1
  • GHOST SHIP HOLDING ApS registered as owner (100%)
  • Coffee Stain Holding AB is no longer registered as owner
  • GHOST SHIP HOLDING ApS is no longer registered as owner
  • Annual report for 2020 published
20194 changesownership 4
  • GHOST SHIP HOLDING ApS registered as owner (100%)
  • Coffee Stain Holding AB registered as owner (25%)
  • GHOST SHIP HOLDING ApS is no longer registered as owner
  • Coffee Stain Holding AB is no longer registered as owner
20181 changeaddress 1
  • Moved to Wildersgade 41A, st, 1408 København K
201719 changesaddress 1 · management 5 · ownership 12 · capital 1
  • Moved to Njalsgade 76, 2300 København S
  • Henrik Edwards appointed board member
  • Mikkel Martin Pedersen appointed chair of the board
  • Per Anton Westbergh appointed board member
  • Per Chrom Jacobsen stepped down as chair of the board
  • GHOST SHIP HOLDING ApS registered as owner (50%)
  • Coffee Stain Holding AB registered as owner (33.33%)
  • CAPNOVA A/S is no longer registered as owner
  • Uddannelses- og Forskningsstyrelsen is no longer registered as owner
  • Mikkel Martin Pedersen stepped down as board member
  • GHOST SHIP HOLDING ApS is no longer registered as owner
  • Share capital changed from 64,000 DKK to 80,000 DKK
  • GHOST SHIP HOLDING ApS registered as owner (50%)
  • CAPNOVA A/S registered as owner (10%)
  • Uddannelses- og Forskningsstyrelsen registered as owner (20%)
  • Uddannelses- og Forskningsstyrelsen is no longer registered as owner
  • GHOST SHIP HOLDING ApS is no longer registered as owner
  • Uddannelses- og Forskningsstyrelsen registered as owner (15%)
  • Styrelsen for Forskning og Uddannelse is no longer registered as owner
20166 changesfounded 1 · management 3 · ownership 2
  • Registered as Ghost Ship Games ApS
  • Per Chrom Jacobsen appointed chair of the board
  • Mikkel Martin Pedersen appointed board member
  • Søren Lundgaard appointed ceo
  • Styrelsen for Forskning og Uddannelse registered as owner (15%)
  • GHOST SHIP HOLDING ApS registered as owner (66.67%)

Related companies

Same industry in København

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Same people in management

Largest in the industry

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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.

View in CVRReport a correction