Havfruen Invest ApS
Private limited companyCVR 40482997SkagenActive
Havfruen Invest ApS is a private limited company, based in Skagen, active in investment on own account, founded in 2019. After a loss in 2024, the company made a profit of DKK 3.1m in 2025. Equity grew to DKK 4.9m in 2025. Gross profit is higher than that of 89% of the companies in the industry in the database.
Key figures · financial year 2025
What has changed
calculated from recorded figures and datesFinancials: 2025 against 2024
- Gross profit rose 279% (2024 → 2025), to DKK 6m.
- Net profit went from a loss of DKK 248k to a profit of DKK 3.1m (2024 → 2025).
- Equity rose 174% (2024 → 2025), to DKK 4.9m.
Employees
- 10 fewer employees than a year earlier: 2 (07/2026) against 12 (07/2025).
Registrations, last 24 months
- 21/03/2026: Industry changed to Investment on own account (649910)
- 11/03/2026: Moved to Mjølnersvej 20, 9990 Skagen
- 11/03/2026: Name changed from Havfruen Fiskehus XI ApS to Havfruen Invest ApS
- 01/01/2025: Industry changed to Restaurants and cafés (561110)
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 | 2,428 | 2,065 | 2,139 | 1,642 | 1,582 | 5,995 | +279.1% |
| Operating profit (EBIT) | 413 | 179 | 44 | −435 | −226 | 4,149 | +1,936.4% |
| Profit before tax | 359 | 158 | 29 | −485 | −313 | 3,995 | +1,375.2% |
| Net profit | 275 | 119 | 18 | −382 | −248 | 3,097 | +1,347.6% |
| Total assets | 3,926 | 4,150 | 4,377 | 4,248 | 3,951 | 8,283 | +109.6% |
| Equity | 2,274 | 2,393 | 2,411 | 2,029 | 1,781 | 4,878 | +173.9% |
| Liabilities | 1,189 | 1,327 | 1,625 | 1,981 | 1,997 | 3,404 | +70.5% |
| Cash and cash equivalents | 14 | 33 | 63 | 84 | 22 | 4 | −80.8% |
| Average number of employees | 3 | 3 | 3 | 3 | 3 | 0 | −100% |
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 | 20/04/2026 | The company | PDF not statedXBRL |
| 2024 | 01/01/2024 – 31/12/2024 | 27/06/2025 | The company | PDFXBRL |
| 2023 | 01/01/2023 – 31/12/2023 | 26/06/2024 | The company | PDFXBRL |
| 2022 | 01/01/2022 – 31/12/2022 | 27/06/2023 | The company | PDFXBRL |
| 2021 | 01/01/2021 – 31/12/2021 | 14/06/2022 | The company | PDFXBRL |
| 2020 | 01/01/2020 – 31/12/2020 | 06/05/2021 | 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
655 companies in the databaseComparison with the other companies in investment on own account based on the latest financial year.
Industry median: gross profit −DKK 36,065, net profit DKK 364k, equity DKK 22.5m, 1 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. 10,710of 69,742 Better than 85% | No. 14,397of 69,964 Better than 79% |
| Same industry and fewer than 20 employees636 companies in the comparison | No. 64of 606 Better than 90% | No. 471of 636 Better than 26% |
| Companies that are between 5 and 14 years old33,688 companies in the comparison | No. 7,342of 33,588 Better than 78% | No. 6,187of 33,687 Better than 82% |
| All companies of type ApS66,508 companies in the comparison | No. 11,366of 66,379 Better than 83% | No. 11,464of 66,505 Better than 83% |
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- Havfruen Invest ApSDKK 6m
- Obton A/SDKK 876.4m
- MS2 Holding ApSDKK 841.3m
- Havfruen Invest ApSDKK 3.1m
- Obton A/SDKK 463.9m
- MS2 Holding ApSDKK 136.9m
- Havfruen Invest ApSDKK 4.9m
- Obton A/S−DKK 219.2m
- MS2 Holding ApSDKK 1.2bn
- Havfruen Invest ApS2
- Obton A/S11
- 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- Havfruen Holding ApS100%
Management
1 active registrationsExecutive management
| Name | Role | Appointed |
|---|---|---|
| Mads Westphal | Director | 01/05/2019 |
- Founders
- Mads Westphal
Signing rule: Selskabet tegnes af en direktør alene.
Address and production units
1 active production unitsMjølnersvej 20
9990 Skagen
Frederikshavn Municipality · Postcode 9990
Other companies at the address (1)
- AKM Skagen Invest ApSHoliday and other short-stay accommodation
| Production unit | Address | Employees | P number |
|---|---|---|---|
| Havfruen Invest ApS | Mjølnersvej 20, 9990 Skagen | 2 | 1024660601 |
Purpose
Selskabets formål er at købe og sælge aktier, obligationer, ETF'er, råvarer, fonde, ejendomme og vin samt udlejning af ejendomme.
The purpose is quoted from the register in Danish.
Changes year by year
15 registered events20264 changesaccounts 1 · industry 1 · name 1 · address 1
- AccountsAnnual report for 2025 published
- IndustryIndustry changed to Investment on own account (649910)
- NameName changed from Havfruen Fiskehus XI ApS to Havfruen Invest ApS
- AddressMoved to Mjølnersvej 20, 9990 Skagen
20252 changesaccounts 1 · industry 1
- AccountsAnnual report for 2024 published
- IndustryIndustry changed to Restaurants and cafés (561110)
20241 changeaccounts 1
- AccountsAnnual report for 2023 published
20231 changeaccounts 1
- AccountsAnnual report for 2022 published
20221 changeaccounts 1
- AccountsAnnual report for 2021 published
20211 changeaccounts 1
- AccountsAnnual report for 2020 published
20195 changesownership 3 · founded 1 · management 1
- OwnershipHavfruen Holding ApS registered as owner (100%)
- OwnershipMads Westphal is no longer registered as owner
- FoundedRegistered as Havfruen Fiskehus XI ApS
- ManagementMads Westphal appointed director
- OwnershipMads Westphal registered as owner (100%)
Related companies
Same industry in Frederikshavn
- Rarax ApS2 employees
- K. Hjelm Holding ApS2 employees
- Solvejg Invest ApS2 employees
- V.g. Mikkelsen Fiskeeksport A/S2 employees
- Vinduesmontøren. Try. ApS2 employees
Same people in management
- AKM Skagen Invest ApSvia Mads Westphal
Largest in the industry
- Obton A/SDKK 876.4m
- MS2 Holding ApSDKK 841.3m
- Kapitalen ApSDKK 354.6m
- Link Top Holding A/SDKK 261.4m
- Travelheart Family A/SDKK 256.3m
- NavisionGroup ApSDKK 230m
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.