Grad ApS
Private limited companyCVR 36951842København VActive
Grad ApS is a private limited company, based in København V, active in research and experimental development on natural sciences and engineering, founded in 2015. The company went from a profit in 2024 to a loss of DKK 4.9m in 2025. With 17 employees, the company is about 3 times larger than the industry median. Equity fell to DKK 14.7m in 2025.
Key figures · financial year 2025
What has changed
calculated from recorded figures and datesFinancials: 2025 against 2024
- Gross profit fell 50% (2024 → 2025), to DKK 7.4m.
- Net profit went from a profit of DKK 1.5m to a loss of DKK 4.9m (2024 → 2025).
- Equity fell 25% (2024 → 2025), to DKK 14.7m.
Employees
- 2 fewer employees than a year earlier: 17 (07/2026) against 19 (07/2025).
Management and owners, last 24 months
- New in management: Tommy Frejlev Andersen (board member, 05/03/2025).
- New owners registered: Mynttorget EGA AB (19/12/2024).
- No longer registered as owner: Klas Roland Sven Persson (19/12/2024).
Registrations, last 24 months
- 01/01/2025: Industry changed to Research and experimental development on natural sciences and engineering (721000)
- 19/12/2024: Share capital changed from 86,203 DKK to 91,615 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 2020–2025 · amounts in DKK thousandEquity and net profit
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change | |
|---|---|---|---|---|---|---|---|
| Revenue | not stated | not stated | not stated | not stated | not stated | not stated | – |
| Gross profit | 7,598 | −82 | 4,670 | 7,434 | 14,777 | 7,380 | −50.1% |
| Operating profit (EBIT) | 4,552 | −4,230 | −4,535 | −2,272 | 2,160 | −6,457 | −398.9% |
| Profit before tax | 3,230 | −4,169 | −4,827 | −3,581 | 1,770 | −6,728 | −480.1% |
| Net profit | 2,772 | −2,915 | −3,462 | −2,872 | 1,469 | −4,925 | −435.2% |
| Total assets | 13,136 | 14,793 | 19,647 | 30,082 | 28,468 | 20,942 | −26.4% |
| Equity | 8,405 | 5,992 | 8,892 | 6,021 | 19,626 | 14,701 | −25.1% |
| Liabilities | – | 8,035 | 10,024 | 23,407 | 7,886 | 6,099 | −22.7% |
| Cash and cash equivalents | 4,833 | 2,456 | 2,205 | 3,331 | 2 | 299 | +13,652.2% |
| Average number of employees | 7 | 7 | 7 | 9 | 13 | 14 | +7.7% |
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
Annual reports
6 financial years| Financial year | Period | Published | Figures for | Documents |
|---|---|---|---|---|
| 2025 | 01/01/2025 – 31/12/2025 | 24/04/2026 | The company | PDF not statedXBRL |
| 2024 | 01/01/2024 – 31/12/2024 | 09/07/2025 | The company | PDFXBRL |
| 2023 | 01/01/2023 – 31/12/2023 | 28/06/2024 | The company | PDFXBRL |
| 2022 | 01/01/2022 – 31/12/2022 | 08/05/2023 | The company | PDFXBRL |
| 2021 | 01/01/2021 – 31/12/2021 | 30/06/2022 | The company | PDFXBRL |
| 2020 | 01/01/2020 – 31/12/2020 | 29/05/2021 | The company | PDFXBRL |
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 CVRPosition in the industry
431 companies in the databaseComparison with the other companies in research and experimental development on natural sciences and engineering based on the latest financial year.
Industry median: gross profit DKK 616k, net profit −DKK 892k, equity DKK 2m, 5 employees.
Compared with similar companies
size, age and company form| Group | Gross profit | Equity |
|---|---|---|
| Companies with fewer than 20 employees69,967 companies in the comparison | No. 7,922of 69,742 Better than 89% | No. 7,078of 69,964 Better than 90% |
| Same industry and fewer than 20 employees329 companies in the comparison | No. 29of 323 Better than 91% | No. 52of 329 Better than 84% |
| Companies that are between 5 and 14 years old33,688 companies in the comparison | No. 5,977of 33,588 Better than 82% | No. 2,880of 33,687 Better than 91% |
| All companies of type ApS66,508 companies in the comparison | No. 8,898of 66,379 Better than 87% | No. 5,232of 66,505 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
Research and experimental development on natural sciences and engineering- Grad ApSDKK 7.4m
- Carlsberg A/SDKK 40.2bn
- Zealand Pharma A/SDKK 9.2bn
- Grad ApS−DKK 4.9m
- Carlsberg A/SDKK 7bn
- Zealand Pharma A/SDKK 6.5bn
- Grad ApSDKK 14.7m
- Carlsberg A/SDKK 30.7bn
- Zealand Pharma A/SDKK 14.8bn
- Grad ApS17
- Carlsberg A/S107
- Zealand Pharma A/S569
Latest financial year per company. Choose up to three companies from the largest in the industry.
Owners and group
from the Public Ownership Register- Per Daniel Bergelin5%
- Tan Holding ApS10%
- Hans Gustaf Sköld5%
- Lundberg Invest ApS25%
- HG projekt 1 AB5%
- Mynttorget EGA AB5%
Management
5 active registrationsExecutive management
| Name | Role | Appointed |
|---|---|---|
| Max Tomas Lundberg | Director | 02/07/2015 |
Board of directors
| Name | Role | Appointed |
|---|---|---|
| Jimmy Fussing Nielsen | Board member | 14/08/2015 |
| Stefan Gustav Gunnar Persson | Board member | 14/08/2015 |
| Max Tomas Lundberg | Chair of the board | 01/01/2018 |
| Tommy Frejlev Andersen | Board member | 05/03/2025 |
- Founders
- Lundberg Invest ApS
Former management (2)
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| Max Tomas Lundberg | Board member | 14/08/2015 | 31/12/2017 |
| Tommy Frejlev Andersen | Chair of the board | 04/02/2016 | 31/12/2017 |
Signing rule: Selskabet tegnes af den samlede bestyrelse, ét bestyrelsesmedlem og én direktør i forening.
Address and production units
1 active production unitsVesterbrogade 149
1620 København V
København Municipality · Postcode 1620
Other companies at the address (8)
- Mercell Danmark A/SOther software publishing
- Pepsico Nordic Denmark ApSPlanning and design of advertising campaigns
- OrderYOYO A/SComputer programming activities
- ChronosHub ApSComputer programming activities
- B&W Hospitality ApSContract catering and other food service activities
| Production unit | Address | Employees | P number |
|---|---|---|---|
| Grad ApS | Vesterbrogade 149, 1620 København V | 17 | 1020546316 |
Purpose
Selskabets formål er at drive virksomhed med udvikling og markedsføring af innovative temperaturkontrollerende løsninger.
The purpose is quoted from the register in Danish.
Changes year by year
54 registered events20261 changeaccounts 1
- AccountsAnnual report for 2025 published
20253 changesaccounts 1 · management 1 · industry 1
- AccountsAnnual report for 2024 published
- ManagementTommy Frejlev Andersen appointed board member
- IndustryIndustry changed to Research and experimental development on natural sciences and engineering (721000)
20249 changescapital 2 · ownership 6 · accounts 1
- CapitalShare capital changed from 86,203 DKK to 91,615 DKK
- OwnershipMynttorget EGA AB registered as owner (5%)
- OwnershipKlas Roland Sven Persson is no longer registered as owner
- OwnershipHG projekt 1 AB registered as owner (5%)
- OwnershipFredrik Sven-Johan Sjöberg is no longer registered as owner
- AccountsAnnual report for 2023 published
- CapitalShare capital changed from 83,076 DKK to 86,203 DKK
- OwnershipLundberg Invest ApS registered as owner (25%)
- OwnershipLundberg Invest ApS is no longer registered as owner
20232 changesownership 1 · accounts 1
- OwnershipBaseline Invest AB is no longer registered as owner
- AccountsAnnual report for 2022 published
20224 changescapital 2 · ownership 1 · accounts 1
- CapitalShare capital changed from 79,991 DKK to 83,076 DKK
- OwnershipMynttorget EGA AB is no longer registered as owner
- AccountsAnnual report for 2021 published
- CapitalShare capital changed from 79,016 DKK to 79,991 DKK
20212 changesaccounts 1 · capital 1
- AccountsAnnual report for 2020 published
- CapitalShare capital changed from 78,700 DKK to 79,016 DKK
20184 changesownership 3 · management 1
- OwnershipFredrik Sven-Johan Sjöberg registered as owner (5%)
- OwnershipHans Gustaf Sköld registered as owner (5%)
- OwnershipMynttorget EGA AB registered as owner (5%)
- ManagementMax Tomas Lundberg appointed chair of the board
20176 changesmanagement 2 · ownership 3 · capital 1
- ManagementTommy Frejlev Andersen stepped down as chair of the board
- ManagementMax Tomas Lundberg stepped down as board member
- OwnershipTAN HOLDING ApS registered as owner (10%)
- OwnershipTAN HOLDING ApS is no longer registered as owner
- CapitalShare capital changed from 70,706 DKK to 78,700 DKK
- OwnershipKlas Roland Sven Persson registered as owner (5%)
20163 changescapital 1 · ownership 1 · management 1
- CapitalShare capital changed from 63,440 DKK to 70,706 DKK
- OwnershipWHITE PINES ApS is no longer registered as owner
- ManagementTommy Frejlev Andersen appointed chair of the board
201520 changesaddress 1 · capital 1 · management 4 · ownership 13 · founded 1
- AddressMoved to Vesterbrogade 149, 1620 København V
- CapitalShare capital changed from 50,000 DKK to 63,440 DKK
- ManagementJimmy Fussing Nielsen appointed board member
- ManagementMax Tomas Lundberg appointed board member
- ManagementStefan Gustav Gunnar Persson appointed board member
- OwnershipBaseline Invest AB registered as owner (5%)
- OwnershipTAN HOLDING ApS registered as owner (5%)
- OwnershipLundberg Invest ApS registered as owner (25%)
- OwnershipLundberg Invest ApS is no longer registered as owner
- OwnershipSolgaarden Holding ApS is no longer registered as owner
- OwnershipBjörn Micael Joakim Sällberg is no longer registered as owner
- FoundedRegistered as Grad ApS
- ManagementMax Tomas Lundberg appointed director
- OwnershipKlas Roland Sven Persson registered as owner (5%)
- OwnershipKlas Roland Sven Persson is no longer registered as owner
- OwnershipLundberg Invest ApS registered as owner (50%)
- OwnershipWHITE PINES ApS registered as owner (5%)
- OwnershipSolgaarden Holding ApS registered as owner (5%)
- OwnershipPer Daniel Bergelin registered as owner (5%)
- OwnershipBjörn Micael Joakim Sällberg registered as owner (5%)
Related companies
Same industry in København
- Genmab A/S676 employees
- 3shape A/S518 employees
- Carlsberg A/S107 employees
- IQVIA RDS Denmark A/S100 employees
- Nuevolution A/S100 employees
- Sunshine Enterprise Holding A/S73 employees
Same people in management
- Monta ApSvia Tommy Frejlev Andersen
- NVIDIA Denmark ApSvia Jimmy Fussing Nielsen
- Podimo ApSvia Jimmy Fussing Nielsen
- Blast ApSvia Jimmy Fussing Nielsen
- Oaxaca Group ApSvia Jimmy Fussing Nielsen
- Asetek Danmark A/Svia Jimmy Fussing Nielsen
Largest in the industry
- Carlsberg A/SDKK 40.2bn
- Zealand Pharma A/SDKK 9.2bn
- Gubra A/SDKK 2.6bn
- Vestas Wind Systems A/SDKK 2.5bn
- Bang & Olufsen A/SDKK 1.4bn
- 3shape A/SDKK 1.3bn
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.