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Hbl Invest ApS

Private limited companyCVR 32284612Odense MActive

Hbl Invest ApS is a private limited company, based in Odense M, active in investment on own account, founded in 2009. Net profit fell 80% from 2024 to 2025, ending at DKK 637k. With 7 employees, the company is about 7 times larger than the industry median. Equity fell to DKK 87.1m in 2025.

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Key figures · financial year 2025

Gross profit−DKK 183k+57.9% vs. 2024
Net profitDKK 637k−80.3% vs. 2024
EquityDKK 87.1m−70.7% vs. 2024
Employees7latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Net profit fell 80% (2024 → 2025), to DKK 637k.
  • Equity fell 71% (2024 → 2025), to DKK 87.1m.

Employees

  • 2 more employees than a year earlier: 7 (08/2026) against 5 (08/2025).

Registrations, last 24 months

  • 05/08/2025: Moved to Hunderupvej 89, 5230 Odense M
  • 01/01/2025: Industry changed to Investment on own account (649910)

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 50mDKK 0DKK 50mDKK 100mDKK 150mDKK 200mDKK 250mDKK 300m202020212022202320242025
EquityNet profit
Financial figures for Hbl Invest ApS
202020212022202320242025Change
Revenuenot statednot statednot statednot statednot statednot stated–
Gross profit−97−370−352−461−434−183+57.9%
Operating profit (EBIT)––−1,142−1,545−1,697−1,714−1%
Profit before tax3,24416,533−8,4695,3604,2071,106−73.7%
Net profit3,24316,224−6,6373,4993,240637−80.3%
Total assets52,797277,773273,323310,147375,241166,054−55.7%
Equity3,871227,448222,079233,412297,02687,090−70.7%
Liabilities48,92650,32551,24576,72678,21578,964+1%
Cash and cash equivalents2,92340,63719,60334,96525,46911,601−54.5%
Average number of employees111112+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

−DKK 500k−DKK 400k−DKK 300k−DKK 200k−DKK 100kDKK 0DKK 100k202020212022202320242025
Gross profitMedian, the industry (655 companies)

Signals from the financial statements

calculated from the 2025 figures

  • Equity fell sharply

    Equity fell 71% from 2024 to 2025 (DKK 297m to DKK 87.1m).

    How is this calculated?

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

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 Hbl Invest ApS
Financial yearPeriodPublishedFigures forDocuments
202501/01/2025 – 31/12/202517/04/2026The companyPDF not statedXBRL
202401/01/2024 – 31/12/202403/07/2025The companyPDFXBRL
202301/01/2023 – 31/12/202306/07/2024The companyPDFXBRL
202201/01/2022 – 31/12/202230/06/2023The companyPDFXBRL
202101/01/2021 – 31/12/202115/06/2022The companyPDFXBRL
202001/01/2020 – 31/12/202007/06/2021The 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
0123456709/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/2608/26
Employees

Position in the industry

655 companies in the database

Comparison with the other companies in investment on own account based on the latest financial year.

Gross profit−DKK 183kNo. 468 of 623
Better than 25% of the companies in the industry
EquityDKK 87.1mNo. 175 of 655
Better than 73% of the companies in the industry
Number of employees7No. 144 of 655
Better than 78% of the companies in the industry

Industry median: gross profit −DKK 36,065, net profit DKK 364k, equity DKK 22.5m, 1 employees.

DKK 100kDKK 968kDKK 9.4mDKK 90.6mDKK 411.3m
Distribution of gross profit for 255 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 fewer than 20 employees69,967 companies in the comparison
No. 66,761of 69,742
Better than 4%
No. 2,029of 69,964
Better than 97%
Same industry and fewer than 20 employees636 companies in the comparison
No. 455of 606
Better than 25%
No. 168of 636
Better than 74%
Companies that are between 15 and 29 years old24,910 companies in the comparison
No. 23,814of 24,791
Better than 4%
No. 1,538of 24,909
Better than 94%
All companies of type ApS66,508 companies in the comparison
No. 64,014of 66,379
Better than 4%
No. 1,301of 66,505
Better than 98%

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
Gross profit
  1. Hbl Invest ApS−DKK 183k
  2. Obton A/SDKK 876.4m
  3. MS2 Holding ApSDKK 841.3m
Net profit
  1. Hbl Invest ApSDKK 637k
  2. Obton A/SDKK 463.9m
  3. MS2 Holding ApSDKK 136.9m
Equity
  1. Hbl Invest ApSDKK 87.1m
  2. Obton A/S−DKK 219.2m
  3. MS2 Holding ApSDKK 1.2bn
Employees
  1. Hbl Invest ApS7
  2. Obton A/S11
  3. 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
Owners
  • Henrik Busch-Larsen100%
Hbl Invest ApS
Subsidiaries and ownership shares

Subsidiaries are shown only if they are in the database.

Management

1 active registrations

Executive management

Executive management at Hbl Invest ApS
NameRoleAppointed
Henrik Busch-LarsenDirector03/07/2009
Founders
Henrik Busch-Larsen

Signing rule: Selskabet tegnes af en direktør eller den samlede direktion.

Address and production units

1 active production units

Hunderupvej 89
5230 Odense M

Odense Municipality · Postcode 5230

Other companies at the address (1)

  • Algiecel A/SResearch and experimental development on natural sciences and engineering
Production units
Production unitAddressEmployeesP number
HBL INVEST ApSHunderupvej 89, 5230 Odense M71015374965

Purpose

Selskabets formål er investering og kapitalforvaltning.

The purpose is quoted from the register in Danish.

Changes year by year

17 registered events
20261 changeaccounts 1
  • Annual report for 2025 published
20253 changesaddress 1 · accounts 1 · industry 1
  • Moved to Hunderupvej 89, 5230 Odense M
  • Annual report for 2024 published
  • Industry changed to Investment on own account (649910)
20242 changesaddress 1 · accounts 1
  • Moved to Hunderupvej 89, 5230 Odense M
  • Annual report for 2023 published
20231 changeaccounts 1
  • Annual report for 2022 published
20221 changeaccounts 1
  • Annual report for 2021 published
20211 changeaccounts 1
  • Annual report for 2020 published
20152 changesaddress 1 · industry 1
  • Moved to Langelinie 70, 5230 Odense M
  • Industry changed to Investeringsselskaber (643030)
20112 changesname 1 · capital 1
  • Name changed from MULTIWAY DIGITAL ApS to HBL INVEST ApS
  • Share capital changed from 125,000 DKK to 218,000 DKK
20094 changesindustry 1 · founded 1 · management 1 · ownership 1
  • Industry changed to Detailhandel med computere, ydre enheder og software (474100)
  • Registered as MULTIWAY DIGITAL ApS
  • Henrik Busch-Larsen appointed director
  • Henrik Busch-Larsen registered as owner (100%)

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Same people in management

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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. The company is protected against advertising; contact details are not shown, and the data must not be used for marketing.

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