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Global Blue Danmark A/S

Public limited companyCVR 70986612København KActive

Global Blue Danmark A/S is a public limited company, based in København K, active in other activities auxiliary to financial services, except insurance and pension funding, founded in 1982. Equity was negative at the end of 2025 (−DKK 17.1m). The company made a loss in both 2024 and 2025, most recently DKK 1.7m. With 26 employees, the company is about 7 times larger than the industry median.

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Key figures · financial year 2025

Gross profitDKK 43.9m+32.1% vs. 2024
Net profit−DKK 1.7m+31.8% vs. 2024
Equity−DKK 17.1m−10.7% vs. 2024
Employees26latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Gross profit rose 32% (2024 → 2025), to DKK 43.9m.
  • The loss got smaller: from DKK 2.4m to DKK 1.7m (2024 → 2025).

Employees

  • 3 fewer employees than a year earlier: 26 (07/2026) against 29 (07/2025).

Management and owners, last 24 months

  • New in management: Richard Henry Brown (ceo, 23/04/2026) and Orsolya Veronika Zsellér (board member, 23/04/2026).
  • Stepped down: Roxane Hélène Fréderique Dufour (board member, 23/04/2026), Jan Rafael Møller (board member, 23/04/2026) and Jan Rafael Møller (ceo, 23/04/2026).

Registrations, last 24 months

  • 01/01/2025: Industry changed to Other activities auxiliary to financial services, except insurance and pension funding (661900)

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 18m−DKK 16m−DKK 14m−DKK 12m−DKK 10m−DKK 8m−DKK 6m−DKK 4m−DKK 2mDKK 0DKK 2m202020212022202320242025
EquityNet profit
Financial figures for Global Blue Danmark A/S
202020212022202320242025Change
Revenuenot statednot statednot statednot statednot statednot stated–
Gross profit44,3932,6818,93822,86033,21343,880+32.1%
Operating profit (EBIT)246−6,854−5,328−2,480−1,658––
Profit before tax705−6,843−5,415−2,620−2,424−1,653+31.8%
Net profit−2,351−6,843−5,415−2,620−2,424−1,653+31.8%
Total assets21,9097,8538,49613,89419,09224,041+25.9%
Equity1,810−5,033−10,448−13,068−15,492−17,145−10.7%
Liabilities20,09912,88618,94326,96234,58441,186+19.1%
Cash and cash equivalents8840–5511,3941,337−4.1%
Average number of employees221811101417+21.4%

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 0DKK 10mDKK 20mDKK 30mDKK 40m202020212022202320242025
Gross profitMedian, the industry (136 companies)

Signals from the financial statements

calculated from the 2025 figures

  • Negative equity

    Equity was −DKK 17.1m at the end of 2025.

    How is this calculated?

    Equity in the latest annual report is below zero.

  • Loss for 6 years in a row

    Net result has been negative in 2020–2025.

    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 Global Blue Danmark A/S
Financial yearPeriodPublishedFigures forDocuments
202501/04/2024 – 31/03/202514/07/2026The companyPDF not statedXBRL
202401/04/2023 – 31/03/202414/10/2024The companyPDFXBRL
202301/04/2022 – 31/03/202328/08/2023The companyPDFXBRL
202201/04/2021 – 31/03/202209/09/2022The companyPDFXBRL
202101/04/2020 – 31/03/202116/09/2021The companyPDFXBRL
202001/04/2019 – 31/03/202001/12/2020The 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
05101520253008/2309/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/26
Employees

Position in the industry

136 companies in the database

Comparison with the other companies in other activities auxiliary to financial services, except insurance and pension funding based on the latest financial year.

Gross profitDKK 43.9mNo. 12 of 133
Better than 92% of the companies in the industry
Equity−DKK 17.1mNo. 136 of 136
Better than 0% of the companies in the industry
Number of employees26No. 24 of 136
Better than 83% of the companies in the industry

Industry median: gross profit DKK 3.2m, net profit DKK 326k, equity DKK 2.7m, 4 employees.

DKK 100kDKK 1.2mDKK 14.3mDKK 171.8mDKK 899.6mHere
Distribution of gross profit for 113 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. 584of 9,892
Better than 94%
No. 9,841of 9,922
Better than 1%
Same industry and 20–49 employees14 companies in the comparison
No. 3of 14
Better than 85%
No. 14of 14
Better than 0%
Companies that are at least 30 years old10,276 companies in the comparison
No. 1,649of 10,152
Better than 84%
No. 10,238of 10,275
Better than 0%
All companies of type A/S18,025 companies in the comparison
No. 3,265of 17,786
Better than 82%
No. 17,862of 18,024
Better than 1%

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

Other activities auxiliary to financial services, except insurance and pension funding
Gross profit
  1. Global Blue Danmark A/SDKK 43.9m
  2. BEC Financial Technologies a.m.b.a.DKK 2.1bn
  3. Mastercard Payment Services Denmark A/SDKK 609.7m
Net profit
  1. Global Blue Danmark A/S−DKK 1.7m
  2. BEC Financial Technologies a.m.b.a.DKK 39.7m
  3. Mastercard Payment Services Denmark A/SDKK 747m
Equity
  1. Global Blue Danmark A/S−DKK 17.1m
  2. BEC Financial Technologies a.m.b.a.DKK 1.4bn
  3. Mastercard Payment Services Denmark A/SDKK 1.5bn
Employees
  1. Global Blue Danmark A/S26
  2. BEC Financial Technologies a.m.b.a.851
  3. Mastercard Payment Services Denmark A/S276

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
  • Global Blue Holland BV100%
Global Blue Danmark A/S

Management

4 active registrations

Executive management

Executive management at Global Blue Danmark A/S
NameRoleAppointed
Richard Henry BrownCEO23/04/2026

Board of directors

Board of directors at Global Blue Danmark A/S
NameRoleAppointed
Jeremy Piers Henderson-RossChair of the board25/01/2016
Richard Henry BrownBoard member25/01/2016
Orsolya Veronika ZsellérBoard member23/04/2026
Former management (44)
Former management at Global Blue Danmark A/S
NameRoleAppointedResigned
Thomas David HartwigBoard member27/08/198220/07/1988
Sven KrogstrupBoard member27/08/198207/06/1989
Michael GaarmannBoard member27/08/198220/07/1988
John RassingBoard member27/08/198225/03/1999
John RassingDirector27/08/198225/03/1999
Helle Ilmi Holmegaard LarsenDirector27/08/198220/07/1988
Niels Peter ArnstedtBoard member27/08/198220/03/1987
Søren Birger HenriksenBoard member27/08/198223/08/2005
Jan Erik Lind LaybournBoard member27/08/198223/08/2005
Hans Günther PetersenBoard member27/08/198224/06/1987
Hans Günther PetersenDirector27/08/198220/03/1987
Jakob Henrik HavsteenChair of the board27/08/198207/01/1991
Lars BarfoedBoard member27/08/198216/01/1995
Kurt Thyregod-NielsenBoard member27/08/198207/01/1991
Nils Gustav MolanderBoard member27/08/198218/06/1987
Gorm BjerckeBoard member27/08/198224/06/1987
Ralf Georg GalmeBoard member27/08/198215/03/2000
Per SetterbergChair of the board27/08/198221/04/2006
Anders HenrikssonBoard member25/03/199923/08/2005
Johannes BergDirector23/06/199927/12/1999
Jónas Hagan GudmundssonDirector27/12/199930/07/2001
Jonas Hagan GudmundssonBoard member30/04/200024/08/2001
Anders HenrikssonDirector30/07/200118/04/2002
Lars Göran JönssonBoard member24/08/200130/04/2002
Brian Thorsted HansenDirector18/04/200201/05/2005
Brian Thorsted HansenBoard member30/04/200223/08/2005
Jan Rafael MøllerDirector01/05/200521/10/2014
Johan GrönbergBoard member23/08/200521/10/2014
Martin StapfsBoard member23/08/200521/04/2006
Jan Rafael MøllerBoard member21/04/200621/10/2014
Henrik Vrang ThomsenBoard member21/04/200628/02/2011
Luigi GallazziniBoard member21/04/200625/01/2016
Kari tapio LuttinenBoard member21/04/200621/10/2014
Stine JuelnerBoard member01/05/201121/10/2014
Michael André FuchsChair of the board21/10/201421/10/2014
Johan Robert EhingerBoard member21/10/201415/06/2017
Johan Robert EhingerCEO21/10/201415/06/2017
Michael André FuchsChair of the board22/10/201424/01/2016
Loic Emile André JenouvrierBoard member25/01/201621/01/2022
Morten WintherBoard member15/06/201713/02/2023
Morten WintherCEO15/06/201713/02/2023
Roxane Hélène Fréderique DufourBoard member21/01/202223/04/2026
Jan Rafael MøllerBoard member13/02/202323/04/2026
Jan Rafael MøllerCEO13/02/202323/04/2026

Signing rule: Selskabet tegnes af et medlem af bestyrelsen eller af et medlem af bestyrelsen i forening med en direktør

Address and production units

2 active production units

Nytorv 19
1450 København K

København Municipality · Postcode 1450

Production units
Production unitAddressEmployeesP number
GLOBAL REFUND DANMARK A/SNytorv 19, 2, 1450 København K201003176495
GLOBAL BLUE DANMARK A/SKøbenhavns Lufthavn 1, 2770 Kastrup61003176501

Purpose

Selskabets formål er at drive handel og servicevirksom- hed og enhver anden efter bestyrelsens skøn i naturlig forbindelse hermed stående virksomhed

The purpose is quoted from the register in Danish.

Changes year by year

112 registered events
20266 changesaccounts 1 · management 5
  • Annual report for 2025 published
  • Orsolya Veronika Zsellér appointed board member
  • Richard Henry Brown appointed ceo
  • Jan Rafael Møller stepped down as board member
  • Jan Rafael Møller stepped down as ceo
  • Roxane Hélène Fréderique Dufour stepped down as board member
20251 changeindustry 1
  • Industry changed to Other activities auxiliary to financial services, except insurance and pension funding (661900)
20242 changesaccounts 1 · address 1
  • Annual report for 2024 published
  • Moved to Nytorv 19, 2, 1450 København K
20235 changesaccounts 1 · management 4
  • Annual report for 2023 published
  • Jan Rafael Møller appointed board member
  • Jan Rafael Møller appointed ceo
  • Morten Winther stepped down as board member
  • Morten Winther stepped down as ceo
20223 changesaccounts 1 · management 2
  • Annual report for 2022 published
  • Roxane Hélène Fréderique Dufour appointed board member
  • Loic Emile André Jenouvrier stepped down as board member
20212 changesaccounts 1 · address 1
  • Annual report for 2021 published
  • Moved to Langebrogade 6F, st, 1411 København K
20201 changeaccounts 1
  • Annual report for 2020 published
20174 changesmanagement 4
  • Morten Winther appointed board member
  • Morten Winther appointed ceo
  • Johan Robert Ehinger stepped down as ceo
  • Johan Robert Ehinger stepped down as board member
20165 changesmanagement 5
  • Loic Emile André Jenouvrier appointed board member
  • Richard Henry Brown appointed board member
  • Jeremy Piers Henderson-Ross appointed chair of the board
  • Luigi Gallazzini stepped down as board member
  • Michael André Fuchs stepped down as chair of the board
201410 changesmanagement 10
  • Michael André Fuchs appointed chair of the board
  • Michael André Fuchs appointed chair of the board
  • Michael André Fuchs stepped down as chair of the board
  • Johan Robert Ehinger appointed ceo
  • Johan Robert Ehinger appointed board member
  • Stine Juelner stepped down as board member
  • Kari tapio Luttinen stepped down as board member
  • Jan Rafael Møller stepped down as board member
  • Johan Grönberg stepped down as board member
  • Jan Rafael Møller stepped down as director
20112 changesmanagement 2
  • Stine Juelner appointed board member
  • Henrik Vrang Thomsen stepped down as board member
20101 changename 1
  • Name changed from GLOBAL REFUND DANMARK A/S to GLOBAL BLUE DANMARK A/S
20081 changeindustry 1
  • Industry changed to Other activities auxiliary to financial services, except insurance and pension funding (661900)
20067 changesmanagement 6 · industry 1
  • Henrik Vrang Thomsen appointed board member
  • Kari tapio Luttinen appointed board member
  • Luigi Gallazzini appointed board member
  • Jan Rafael Møller appointed board member
  • Martin Stapfs stepped down as board member
  • Per Setterberg stepped down as chair of the board
  • Industry changed to Anden servicevirksomhed i forbindelse med pengeinstitutter og finansieringsvirksomhed (671300)
20059 changesaddress 1 · management 8
  • Moved to Overgaden Oven Vandet 48E, 1, 1415 København K
  • Martin Stapfs appointed board member
  • Johan Grönberg appointed board member
  • Brian Thorsted Hansen stepped down as board member
  • Anders Henriksson stepped down as board member
  • Jan Erik Lind Laybourn stepped down as board member
  • Søren Birger Henriksen stepped down as board member
  • Jan Rafael Møller appointed director
  • Brian Thorsted Hansen stepped down as director
20024 changesmanagement 4
  • Brian Thorsted Hansen appointed board member
  • Lars Göran Jönsson stepped down as board member
  • Brian Thorsted Hansen appointed director
  • Anders Henriksson stepped down as director
20014 changesmanagement 4
  • Lars Göran Jönsson appointed board member
  • Jonas Hagan Gudmundsson stepped down as board member
  • Anders Henriksson appointed director
  • Jónas Hagan Gudmundsson stepped down as director
20002 changesmanagement 2
  • Jonas Hagan Gudmundsson appointed board member
  • Ralf Georg Galme stepped down as board member
19996 changesmanagement 6
  • Jónas Hagan Gudmundsson appointed director
  • Johannes Berg stepped down as director
  • Johannes Berg appointed director
  • Anders Henriksson appointed board member
  • John Rassing stepped down as director
  • John Rassing stepped down as board member
19981 changename 1
  • Name changed from EUROPE TAX-FREE SHOPPING DENMARK A/S to GLOBAL REFUND DANMARK A/S
19961 changemerger 1
  • Merger registered in CVR
19951 changemanagement 1
  • Lars Barfoed stepped down as board member
19913 changesname 1 · management 2
  • Name changed from DANISH TAX FREE SHOPPING A/S to EUROPE TAX-FREE SHOPPING DENMARK A/S
  • Jakob Henrik Havsteen stepped down as chair of the board
  • Kurt Thyregod-Nielsen stepped down as board member
19891 changemanagement 1
  • Sven Krogstrup stepped down as board member
19884 changescapital 1 · management 3
  • Share capital changed from 150,000 DKK to 1,000,000 DKK
  • Helle Ilmi Holmegaard Larsen stepped down as director
  • Michael Gaarmann stepped down as board member
  • Thomas David Hartwig stepped down as board member
19876 changesmanagement 5 · name 1
  • Hans Günther Petersen stepped down as board member
  • Gorm Bjercke stepped down as board member
  • Nils Gustav Molander stepped down as board member
  • Name changed from DINERS CLUB DANMARK TRADING ApS to DANISH TAX FREE SHOPPING A/S
  • Hans Günther Petersen stepped down as director
  • Niels Peter Arnstedt stepped down as board member
198220 changesfounded 1 · management 18 · ownership 1
  • Registered as DINERS CLUB DANMARK TRADING ApS
  • Lars Barfoed appointed board member
  • Jakob Henrik Havsteen appointed chair of the board
  • Hans Günther Petersen appointed director
  • Hans Günther Petersen appointed board member
  • Jan Erik Lind Laybourn appointed board member
  • Søren Birger Henriksen appointed board member
  • Niels Peter Arnstedt appointed board member
  • Helle Ilmi Holmegaard Larsen appointed director
  • John Rassing appointed director
  • John Rassing appointed board member
  • Michael Gaarmann appointed board member
  • Thomas David Hartwig appointed board member
  • Sven Krogstrup appointed board member
  • Per Setterberg appointed chair of the board
  • Ralf Georg Galme appointed board member
  • Gorm Bjercke appointed board member
  • Nils Gustav Molander appointed board member
  • Kurt Thyregod-Nielsen appointed board member
  • Global Blue Holland BV registered as owner (100%)

Related companies

Same people in management

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