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Heartcore Capital A/S

Public limited companyCVR 33858663København KActive

Heartcore Capital 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 2011. Net profit rose 66% from 2020 to 2021, ending at DKK 22.5m. Profit has grown three years in a row. With 17 employees, the company is about 4 times larger than the industry median.

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Key figures · financial year 2021

RevenueDKK 60.5m+20.3% vs. 2020
Net profitDKK 22.5m+65.7% vs. 2020
EquityDKK 27.7m+88.1% vs. 2020
Employees17latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2021 against 2020

  • Gross profit rose 52% (2020 → 2021), to DKK 38.7m.
  • Revenue rose 20% (2020 → 2021), to DKK 60.5m.
  • Net profit rose 66% (2020 → 2021), to DKK 22.5m.
  • Equity rose 88% (2020 → 2021), to DKK 27.7m.

Employees

  • 2 more employees than a year earlier: 17 (08/2026) against 15 (08/2025).

Management and owners, last 24 months

  • New in management: Jonathan Michael Arthur Biggs (board member, 10/06/2026).
  • Stepped down: Phillip Chambers (board member, 23/04/2026).
  • New owners registered: White Pines ApS (25/09/2025), Argania Invest ApS (25/09/2025) and Pitufo Invest 08 ApS (06/08/2026) (+4).
  • No longer registered as owner: White Pines ApS (24/09/2025), Pitufo Invest 08 ApS (24/09/2025) and Niederhofer Capital ApS (24/09/2025) (+5).

Registrations, last 24 months

  • 25/09/2025: Share capital changed from 501,600 DKK to 411,312 DKK
  • 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 2018–2021 · amounts in DKK thousand

Equity and net profit

DKK 0DKK 5mDKK 10mDKK 15mDKK 20mDKK 25mDKK 30m2018201920202021
EquityNet profit
Financial figures for Heartcore Capital A/S
2018201920202021Change
Revenue30,73225,94950,28360,493+20.3%
Gross profit17,95713,18625,41638,712+52.3%
Operating profit (EBIT)6,0673,04716,89928,231+67.1%
Profit before tax6,6772,60417,27528,696+66.1%
Net profit5,3211,96513,56722,483+65.7%
Total assets13,0239,31519,14129,821+55.8%
Equity12,2068,17114,73827,716+88.1%
Liabilities8151,1444,4032,064−53.1%
Cash and cash equivalents7,4445,70613,05720,874+59.9%
Average number of employees65550%

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. Download annual report 2021 (PDF)

Download the figures as CSV · free with an account, amounts in whole DKK

DKK 0DKK 5mDKK 10mDKK 15mDKK 20mDKK 25mDKK 30mDKK 35mDKK 40m2018201920202021
Gross profitMedian, the industry (136 companies)

Signals from the financial statements

calculated from the 2021 figures

  • A more recent annual report is missing

    The latest annual report in the database is for 2021 (period ending 2021-12-31). The next year's report is not in the database.

    How is this calculated?

    More than 19 months have passed since the end of the latest annual report's period: a twelve-month financial year, a five-month deadline and two months of margin. The company may have a shifted financial year, or the report has not been loaded yet.

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

4 financial years
Annual reports for Heartcore Capital A/S
Financial yearPeriodPublishedFigures forDocuments
202101/01/2021 – 31/12/202131/03/2022The companyPDFXBRL
202001/01/2020 – 31/12/202019/03/2021The companyPDFXBRL
201901/01/2019 – 31/12/201910/03/2020The companyPDFXBRL
201801/01/2018 – 31/12/201828/03/2019The 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
0510152009/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/2608/26
Employees

Position in the industry

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 38.7mNo. 13 of 133
Better than 91% of the companies in the industry
EquityDKK 27.7mNo. 18 of 136
Better than 87% of the companies in the industry
Number of employees17No. 55 of 136
Better than 60% 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 fewer than 20 employees69,967 companies in the comparison
No. 668of 69,742
Better than 99%
No. 4,706of 69,964
Better than 93%
Same industry and fewer than 20 employees112 companies in the comparison
No. 4of 111
Better than 97%
No. 8of 112
Better than 94%
Companies that are between 15 and 29 years old24,910 companies in the comparison
No. 1,845of 24,791
Better than 93%
No. 3,588of 24,909
Better than 86%
All companies of type A/S18,025 companies in the comparison
No. 3,610of 17,786
Better than 80%
No. 5,161of 18,024
Better than 71%

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. Heartcore Capital A/SDKK 38.7m
  2. BEC Financial Technologies a.m.b.a.DKK 2.1bn
  3. Mastercard Payment Services Denmark A/SDKK 609.7m
Net profit
  1. Heartcore Capital A/SDKK 22.5m
  2. BEC Financial Technologies a.m.b.a.DKK 39.7m
  3. Mastercard Payment Services Denmark A/SDKK 747m
Equity
  1. Heartcore Capital A/SDKK 27.7m
  2. BEC Financial Technologies a.m.b.a.DKK 1.4bn
  3. Mastercard Payment Services Denmark A/SDKK 1.5bn
Employees
  1. Heartcore Capital A/S17
  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
  • Baobab Holding ApS10%
  • White Pines ApS20%
  • Argania Invest ApS20%
  • Pitufo Invest 08 ApS15%
  • Niederhofer Capital ApS15%
Heartcore Capital A/S

Management

5 active registrations

Executive management

Executive management at Heartcore Capital A/S
NameRoleAppointed
Signe Marie SveinbjørnssonDirector18/02/2021
Jimmy Fussing NielsenDirector25/01/2022

Board of directors

Board of directors at Heartcore Capital A/S
NameRoleAppointed
Barbara Taudorf AndersenBoard member16/04/2021
Christian Madsen MotzfeldtChair of the board25/01/2022
Jonathan Michael Arthur BiggsBoard member10/06/2026
Founders
Sunstone Capital A/S
Former management (14)
Former management at Heartcore Capital A/S
NameRoleAppointedResigned
Eric Alan RappBoard member04/07/201101/07/2013
Nikolaj NyholmBoard member04/07/201130/09/2016
Christian Lindegaard JepsenBoard member04/07/201130/03/2022
Jimmy Fussing NielsenBoard member04/07/201115/06/2021
Jimmy Fussing NielsenDirector04/07/201114/04/2021
Merete Lundbye MøllerChair of the board04/07/201119/02/2019
Jørgen SmidtBoard member04/07/201131/03/2015
Maximilian Wilfried Georg Jochen NiederhoferBoard member12/08/201331/01/2020
Signe Marie SveinbjørnssonBoard member19/02/201916/04/2021
Yacine Rafaël Louis Ameur GhalimBoard member18/02/202116/04/2021
Levin Anselm BunzBoard member18/02/202116/04/2021
Christian Madsen MotzfeldtBoard member16/04/202124/01/2022
Jimmy Fussing NielsenChair of the board16/06/202125/01/2022
Phillip ChambersBoard member30/03/202223/04/2026

Signing rule: Selskabet tegnes af et bestyrelsesmedlem og en direktør i forening eller af to af 2 direktører i forening

Address and production units

1 active production units

Frederiksgade 7
1265 København K

København Municipality · Postcode 1265

Production units
Production unitAddressEmployeesP number
Heartcore Capital A/SFrederiksgade 7, 3, 1265 København K171017003425

Purpose

Selskabets formål er at drive virksomhed med investeringsrådgivning, porteføljeadministration samt anden hermed beslægtet virksomhed.

The purpose is quoted from the register in Danish.

Changes year by year

117 registered events
20266 changesownership 4 · management 2
  • NIEDERHOFER CAPITAL ApS registered as owner (15%)
  • PITUFO INVEST 08 ApS registered as owner (15%)
  • PITUFO INVEST 08 ApS is no longer registered as owner
  • NIEDERHOFER CAPITAL ApS is no longer registered as owner
  • Jonathan Michael Arthur Biggs appointed board member
  • Phillip Chambers stepped down as board member
202511 changescapital 1 · ownership 9 · industry 1
  • Share capital changed from 501,600 DKK to 411,312 DKK
  • WHITE PINES ApS registered as owner (20%)
  • Argania Invest ApS registered as owner (20%)
  • PITUFO INVEST 08 ApS registered as owner (20%)
  • NIEDERHOFER CAPITAL ApS registered as owner (20%)
  • Heartcore Capital A/S is no longer registered as owner
  • WHITE PINES ApS is no longer registered as owner
  • Argania Invest ApS is no longer registered as owner
  • NIEDERHOFER CAPITAL ApS is no longer registered as owner
  • PITUFO INVEST 08 ApS is no longer registered as owner
  • Industry changed to Other activities auxiliary to financial services, except insurance and pension funding (661900)
202414 changesownership 14
  • Heartcore Capital A/S registered as owner (15%)
  • LVN Investment UG is no longer registered as owner
  • WHITE PINES ApS registered as owner (15%)
  • Baobab Holding ApS registered as owner (10%)
  • LVN Investment UG registered as owner (15%)
  • Argania Invest ApS registered as owner (15%)
  • NIEDERHOFER CAPITAL ApS registered as owner (15%)
  • PITUFO INVEST 08 ApS registered as owner (15%)
  • Baobab Holding ApS is no longer registered as owner
  • WHITE PINES ApS is no longer registered as owner
  • PITUFO INVEST 08 ApS is no longer registered as owner
  • NIEDERHOFER CAPITAL ApS is no longer registered as owner
  • Argania Invest ApS is no longer registered as owner
  • LVN Investment UG is no longer registered as owner
20232 changesownership 2
  • Baobab Holding ApS registered as owner (5%)
  • Signe Marie Sveinbjørnsson is no longer registered as owner
20227 changesaccounts 1 · management 6
  • Annual report for 2021 published
  • Phillip Chambers appointed board member
  • Christian Lindegaard Jepsen stepped down as board member
  • Jimmy Fussing Nielsen appointed director
  • Christian Madsen Motzfeldt appointed chair of the board
  • Jimmy Fussing Nielsen stepped down as chair of the board
  • Christian Madsen Motzfeldt stepped down as board member
202122 changesaddress 1 · management 11 · accounts 1 · ownership 9
  • Moved to Frederiksgade 7, 3, 1265 København K
  • Jimmy Fussing Nielsen appointed chair of the board
  • Jimmy Fussing Nielsen stepped down as board member
  • Barbara Taudorf Andersen appointed board member
  • Christian Madsen Motzfeldt appointed board member
  • Yacine Rafaël Louis Ameur Ghalim stepped down as board member
  • Levin Anselm Bunz stepped down as board member
  • Signe Marie Sveinbjørnsson stepped down as board member
  • Jimmy Fussing Nielsen stepped down as director
  • Annual report for 2020 published
  • Yacine Rafaël Louis Ameur Ghalim appointed board member
  • Levin Anselm Bunz appointed board member
  • Signe Marie Sveinbjørnsson appointed director
  • Signe Marie Sveinbjørnsson registered as owner (5%)
  • WHITE PINES ApS registered as owner (20%)
  • PITUFO INVEST 08 ApS registered as owner (20%)
  • NIEDERHOFER CAPITAL ApS registered as owner (20%)
  • Argania Invest ApS registered as owner (10%)
  • LVN Investment UG registered as owner (10%)
  • WHITE PINES ApS is no longer registered as owner
  • PITUFO INVEST 08 ApS is no longer registered as owner
  • NIEDERHOFER CAPITAL ApS is no longer registered as owner
20202 changesaccounts 1 · management 1
  • Annual report for 2019 published
  • Maximilian Wilfried Georg Jochen Niederhofer stepped down as board member
20194 changesaccounts 1 · name 1 · management 2
  • Annual report for 2018 published
  • Name changed from SUNSTONE TV MANAGEMENT A/S to Heartcore Capital A/S
  • Signe Marie Sveinbjørnsson appointed board member
  • Merete Lundbye Møller stepped down as chair of the board
20181 changeaddress 1
  • Moved to Højbro Plads 10, 2, 1200 København K
201618 changesmanagement 1 · ownership 17
  • Nikolaj Nyholm stepped down as board member
  • WHITE PINES ApS registered as owner (33.33%)
  • PITUFO INVEST 08 ApS registered as owner (33.33%)
  • NIEDERHOFER CAPITAL ApS registered as owner (33.33%)
  • Maximillian Wilfried Georg Jochen Niederhofer is no longer registered as owner
  • WHITE PINES ApS is no longer registered as owner
  • PITUFO INVEST 08 ApS is no longer registered as owner
  • BEATNIK ApS is no longer registered as owner
  • NIEDERHOFER CAPITAL ApS is no longer registered as owner
  • WHITE PINES ApS registered as owner (25%)
  • PITUFO INVEST 08 ApS registered as owner (25%)
  • BEATNIK ApS registered as owner (25%)
  • NIEDERHOFER CAPITAL ApS registered as owner (25%)
  • SLINGSHOT ApS is no longer registered as owner
  • NIEDERHOFER CAPITAL ApS is no longer registered as owner
  • BEATNIK ApS is no longer registered as owner
  • PITUFO INVEST 08 ApS is no longer registered as owner
  • WHITE PINES ApS is no longer registered as owner
201512 changesmanagement 1 · ownership 11
  • Jørgen Smidt stepped down as board member
  • SLINGSHOT ApS registered as owner (15%)
  • NIEDERHOFER CAPITAL ApS registered as owner (20%)
  • BEATNIK ApS registered as owner (20%)
  • PITUFO INVEST 08 ApS registered as owner (20%)
  • WHITE PINES ApS registered as owner (20%)
  • WHITE PINES ApS is no longer registered as owner
  • BEATNIK ApS is no longer registered as owner
  • PITUFO INVEST 08 ApS is no longer registered as owner
  • SLINGSHOT ApS is no longer registered as owner
  • ALTAMONT HOLDING ApS is no longer registered as owner
  • NIEDERHOFER CAPITAL ApS is no longer registered as owner
20147 changesownership 7
  • WHITE PINES ApS registered as owner (15%)
  • BEATNIK ApS registered as owner (15%)
  • PITUFO INVEST 08 ApS registered as owner (15%)
  • SLINGSHOT ApS registered as owner (15%)
  • ALTAMONT HOLDING ApS registered as owner (15%)
  • Maximillian Wilfried Georg Jochen Niederhofer registered as owner (33.33%)
  • NIEDERHOFER CAPITAL ApS registered as owner (15%)
20132 changesmanagement 2
  • Maximilian Wilfried Georg Jochen Niederhofer appointed board member
  • Eric Alan Rapp stepped down as board member
20121 changeindustry 1
  • Industry changed to Other activities auxiliary to financial services, except insurance and pension funding (661900)
20118 changesfounded 1 · management 7
  • Registered as SUNSTONE TV MANAGEMENT A/S
  • Merete Lundbye Møller appointed chair of the board
  • Nikolaj Nyholm appointed board member
  • Jimmy Fussing Nielsen appointed director
  • Jimmy Fussing Nielsen appointed board member
  • Christian Lindegaard Jepsen appointed board member
  • Eric Alan Rapp appointed board member
  • Jørgen Smidt appointed board member

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