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Gryphon Audio Designs ApS

Private limited companyCVR 87296415RyActive

Gryphon Audio Designs ApS is a private limited company, based in Ry, active in manufacture of consumer electronics, founded in 1979. Net profit fell 74% from 2024 to 2025, ending at DKK 3.1m. Measured by gross profit, it ranks no. 7 of 42 companies in the industry in the database. With 20 employees, the company is about 5 times larger than the industry median.

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Key figures · financial year 2025

Gross profitDKK 18.1m−33.9% vs. 2024
Net profitDKK 3.1m−73.9% vs. 2024
EquityDKK 14.7m−43.7% vs. 2024
Employees20latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Gross profit fell 34% (2024 → 2025), to DKK 18.1m.
  • Net profit fell 74% (2024 → 2025), to DKK 3.1m.
  • Equity fell 44% (2024 → 2025), to DKK 14.7m.

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 20mDKK 25m202020212022202320242025
EquityNet profit
Financial figures for Gryphon Audio Designs ApS
202020212022202320242025Change
Revenuenot statednot statednot statednot statednot statednot stated–
Gross profit18,07021,71922,45030,28727,36118,097−33.9%
Operating profit (EBIT)7,85711,13711,35816,95415,0444,556−69.7%
Profit before tax7,82411,15011,23117,06415,3074,287−72%
Net profit6,1008,6438,74913,39011,8963,109−73.9%
Total assets18,89725,39028,54439,23542,99228,222−34.4%
Equity13,79117,76718,51724,95526,04214,654−43.7%
Liabilities4,8957,3639,49012,43916,25513,332−18%
Cash and cash equivalents2,47387611241,531201−86.9%
Average number of employees1213152018180%

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 5mDKK 10mDKK 15mDKK 20mDKK 25mDKK 30m202020212022202320242025
Gross profitMedian, the industry (42 companies)

Signals from the financial statements

calculated from the 2025 figures

  • Equity fell sharply

    Equity fell 44% from 2024 to 2025 (DKK 26m to DKK 14.7m).

    How is this calculated?

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

  • 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 Gryphon Audio Designs ApS
Financial yearPeriodPublishedFigures forDocuments
202501/07/2024 – 30/06/202505/01/2026The companyPDF not statedXBRL
202401/07/2023 – 30/06/202420/12/2024The companyPDFXBRL
202301/07/2022 – 30/06/202315/12/2023The companyPDFXBRL
202201/07/2021 – 30/06/202229/11/2022The companyPDFXBRL
202101/07/2020 – 30/06/202130/11/2021The companyPDFXBRL
202001/07/2019 – 30/06/202006/10/2020The 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
051015202507/2308/2309/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2605/2606/2607/26
Employees

Position in the industry

42 companies in the database

Comparison with the other companies in manufacture of consumer electronics based on the latest financial year.

Gross profitDKK 18.1mNo. 7 of 42
Better than 85% of the companies in the industry
EquityDKK 14.7mNo. 10 of 42
Better than 78% of the companies in the industry
Number of employees20No. 9 of 42
Better than 80% of the companies in the industry

Industry median: gross profit DKK 3.2m, net profit DKK 108k, equity DKK 3.3m, 4 employees.

DKK 249kDKK 2.9mDKK 34.3mDKK 402.1mDKK 2.1bnHere
Distribution of gross profit for 34 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. 3,334of 9,892
Better than 66%
No. 2,285of 9,922
Better than 77%
Companies that are at least 30 years old10,276 companies in the comparison
No. 3,020of 10,152
Better than 70%
No. 4,004of 10,275
Better than 61%
All companies of type ApS66,508 companies in the comparison
No. 2,813of 66,379
Better than 96%
No. 5,247of 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

Manufacture of consumer electronics
Gross profit
  1. Gryphon Audio Designs ApSDKK 18.1m
  2. GN Hearing A/SDKK 4.7bn
  3. Bang & Olufsen Operations A/SDKK 423.2m
Net profit
  1. Gryphon Audio Designs ApSDKK 3.1m
  2. GN Hearing A/SDKK 971m
  3. Bang & Olufsen Operations A/SDKK 257.1m
Equity
  1. Gryphon Audio Designs ApSDKK 14.7m
  2. GN Hearing A/SDKK 17.1bn
  3. Bang & Olufsen Operations A/SDKK 660.6m
Employees
  1. Gryphon Audio Designs ApS20
  2. GN Hearing A/S1,365
  3. Bang & Olufsen Operations A/S394

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
  • Gryphon Holding ApS100%
Gryphon Audio Designs ApS

Management

3 active registrations

Executive management

Executive management at Gryphon Audio Designs ApS
NameRoleAppointed
Jakob OdgaardCEO27/06/2018

Board of directors

Board of directors at Gryphon Audio Designs ApS
NameRoleAppointed
Thomas Villum BørstingBoard member21/09/1999
Jakob OdgaardBoard member31/03/2022
Auditor
Revisions-Partner I/S, registrerede revisorer
Former management (15)
Former management at Gryphon Audio Designs ApS
NameRoleAppointedResigned
Victor HawkeyDirector18/04/197917/04/1997
Leif JensenBoard member17/04/199715/09/1998
Flemming Erik RasmussenDirector17/04/199701/02/2018
Astor Bjørn RühneBoard member17/04/199716/03/1998
Johan Peter LyngdorfBoard member17/04/199715/09/1998
Jens Christian LorenzenBoard member17/04/199715/09/1998
Ebbe Pelle JacobsenBoard member17/04/199715/09/1998
Ivan SørensenBoard member15/09/199821/09/1999
Poul Jørn Jensen LundBoard member15/09/199821/09/1999
Flemming Erik RasmussenBoard member15/09/199827/06/2018
Michael Harry SteffensenBoard member21/09/199904/01/2000
Albert Lee JonesBoard member04/01/200021/09/2013
Kirsten BørstingBoard member21/09/201329/09/2016
Svend ReimersBoard member29/09/201631/03/2022
Thomas Villum BørstingDirector01/02/201827/06/2018

Signing rule: Selskabet tegnes af en direktør i forening med et bestyrelsesmedlem, eller af to bestyrelsesmedlemmer i forening, eller af den samlede bestyrelse.

Address and production units

1 active production units

Industrivej 10B
8680 Ry

Skanderborg Municipality · Postcode 8680

Production units
Production unitAddressEmployeesP number
GRYPHON AUDIO DESIGNS ApSIndustrivej 10B, 8680 Ry221000465744

Purpose

Selskabets formål er i ind- og udland at drive virksomhed ved produktion, udvikling, salg, import/ eksport samt udleje af elektronisk udstyr og radiomateriel og anden i forbindelse hermed stående virksomhed. Selskabet kan som anpartshaver og/eller interessent ved investering, lån og kreditgivning have interesse i andre selskaber eller virksomheder indenfor samme formål som angivet ovenfor.

The purpose is quoted from the register in Danish.

Changes year by year

57 registered events
20261 changeaccounts 1
  • Annual report for 2025 published
20241 changeaccounts 1
  • Annual report for 2024 published
20231 changeaccounts 1
  • Annual report for 2023 published
20228 changesaccounts 1 · management 2 · ownership 5
  • Annual report for 2022 published
  • Jakob Odgaard appointed board member
  • Svend Reimers stepped down as board member
  • Gryphon Holding ApS registered as owner (100%)
  • BØRSTING HOLDING ApS is no longer registered as owner
  • JAKOB ODGAARD ApS is no longer registered as owner
  • BØRSTING HOLDING ApS registered as owner (66.67%)
  • BØRSTING HOLDING ApS is no longer registered as owner
20211 changeaccounts 1
  • Annual report for 2021 published
20201 changeaccounts 1
  • Annual report for 2020 published
20187 changesownership 2 · management 5
  • JAKOB ODGAARD ApS registered as owner (5%)
  • Jakob Odgaard appointed ceo
  • Thomas Villum Børsting stepped down as director
  • Flemming Erik Rasmussen stepped down as board member
  • Thomas Villum Børsting appointed director
  • Flemming Erik Rasmussen stepped down as director
  • Flemming Erik Rasmussen is no longer registered as owner
20162 changesmanagement 2
  • Svend Reimers appointed board member
  • Kirsten Børsting stepped down as board member
20135 changesaddress 1 · ownership 2 · management 2
  • Moved to Industrivej 10B, 8680 Ry
  • BØRSTING HOLDING ApS registered as owner (90%)
  • Flemming Erik Rasmussen registered as owner (5%)
  • Kirsten Børsting appointed board member
  • Albert Lee Jones stepped down as board member
20081 changeindustry 1
  • Industry changed to Manufacture of consumer electronics (264000)
20071 changeaddress 1
  • Moved to Industrivej 9, 8680 Ry
20003 changesaddress 1 · management 2
  • Moved to Industrivej 9, 8680 Ry
  • Albert Lee Jones appointed board member
  • Michael Harry Steffensen stepped down as board member
19996 changesaddress 1 · management 4 · capital 1
  • Moved to Dali Alle 1, 9610 Nørager
  • Michael Harry Steffensen appointed board member
  • Thomas Villum Børsting appointed board member
  • Ivan Sørensen stepped down as board member
  • Poul Jørn Jensen Lund stepped down as board member
  • Share capital changed from 125,000 DKK to 137,500 DKK
19988 changesmanagement 8
  • Flemming Erik Rasmussen appointed board member
  • Ivan Sørensen appointed board member
  • Poul Jørn Jensen Lund appointed board member
  • Johan Peter Lyngdorf stepped down as board member
  • Ebbe Pelle Jacobsen stepped down as board member
  • Jens Christian Lorenzen stepped down as board member
  • Leif Jensen stepped down as board member
  • Astor Bjørn Rühne stepped down as board member
19978 changesname 1 · management 7
  • Name changed from VICTOR HAWKEY ApS to GRYPHON AUDIO DESIGNS ApS
  • Johan Peter Lyngdorf appointed board member
  • Ebbe Pelle Jacobsen appointed board member
  • Jens Christian Lorenzen appointed board member
  • Leif Jensen appointed board member
  • Astor Bjørn Rühne appointed board member
  • Flemming Erik Rasmussen appointed director
  • Victor Hawkey stepped down as director
19961 changecapital 1
  • Share capital changed from 80,000 DKK to 125,000 DKK
19792 changesfounded 1 · management 1
  • Registered as VICTOR HAWKEY ApS
  • Victor Hawkey appointed director

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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