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Heimdal Security A/S

Public limited companyCVR 35802495København VActive

Heimdal Security A/S is a public limited company, based in København V, active in security and guard activities n.e.c., founded in 2014. Equity was negative at the end of 2025 (−DKK 216.2m). The company made a loss in both 2024 and 2025, most recently DKK 8.9m. With 16 employees, the company is about 3 times larger than the industry median.

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Key figures · financial year 2025

RevenueDKK 137.1m+13.8% vs. 2024
Net profit−DKK 8.9m+68.6% vs. 2024
Equity−DKK 216.2m−4.3% vs. 2024
Employees16latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Gross profit rose 396% (2024 → 2025), to DKK 13.9m.
  • Revenue rose 14% (2024 → 2025), to DKK 137.1m.
  • The loss got smaller: from DKK 28.3m to DKK 8.9m (2024 → 2025).

Employees

  • 1 fewer employees than a year earlier: 16 (07/2026) against 17 (07/2025).

Management and owners, last 24 months

  • New in management: Jesper Tranholm Frederiksen (ceo, 25/11/2025).
  • Stepped down: Morten Kjærsgaard (ceo, 25/11/2025).

Registrations, last 24 months

  • 01/01/2025: Industry changed to Security and guard activities n.e.c. (800900)

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 250m−DKK 200m−DKK 150m−DKK 100m−DKK 50mDKK 0202020212022202320242025
EquityNet profit
Financial figures for Heimdal Security A/S
202020212022202320242025Change
Revenuenot statednot stated84,908101,711120,394137,060+13.8%
Gross profit22,96810,155−25,612−8,9992,79413,868+396.4%
Operating profit (EBIT)−29,698−40,120−54,645––––
Profit before tax−30,068−40,312−56,555−41,255−28,254−8,861+68.6%
Net profit−30,068−40,312−56,839−41,790−28,254−8,861+68.6%
Total assets61,98986,041117,78485,616127,699111,088−13%
Equity−40,036−80,348−137,187−178,976−207,230−216,223−4.3%
Liabilities102,025166,389254,971–334,928327,311−2.3%
Cash and cash equivalents5,9216,3057,2115,85742,7327,402−82.7%
Average number of employees464231312624−7.7%

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: 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 30m−DKK 20m−DKK 10mDKK 0DKK 10mDKK 20m202020212022202320242025
Gross profitMedian, the industry (86 companies)

Signals from the financial statements

calculated from the 2025 figures

  • Negative equity

    Equity was −DKK 216.2m at the end of 2025.

    How is this calculated?

    Equity in the latest annual report is below zero.

  • Loss for 6 years in a row

    Net result has been negative in 2020–2025.

    How is this calculated?

    Net result is negative in the two or more 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 Heimdal Security A/S
Financial yearPeriodPublishedFigures forDocuments
202501/01/2025 – 31/12/202526/06/2026The companyPDF not statedXBRL
202401/01/2024 – 31/12/202404/06/2025The companyPDF not statedXBRL
202301/01/2023 – 31/12/202313/05/2024The companyPDF not statedXBRL
202201/01/2022 – 31/12/202201/06/2023The companyPDFXBRL
202101/01/2021 – 31/12/202105/08/2022The companyPDFXBRL
202001/10/2019 – 31/12/202011/10/2021The 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
0510152008/2309/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/26
Employees

Position in the industry

86 companies in the database

Comparison with the other companies in security and guard activities n.e.c. based on the latest financial year.

Gross profitDKK 13.9mNo. 15 of 86
Better than 84% of the companies in the industry
Equity−DKK 216.2mNo. 86 of 86
Better than 0% of the companies in the industry
Number of employees16No. 12 of 86
Better than 87% of the companies in the industry

Industry median: gross profit DKK 3.3m, net profit DKK 434k, equity DKK 1.7m, 5 employees.

DKK 157kDKK 1.4mDKK 12.9mDKK 116.6mDKK 506.4mHere
Distribution of gross profit for 82 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. 2,747of 69,742
Better than 96%
No. 69,954of 69,964
Better than 0%
Same industry and fewer than 20 employees72 companies in the comparison
No. 2of 72
Better than 99%
No. 72of 72
Better than 0%
Companies that are between 5 and 14 years old33,679 companies in the comparison
No. 3,074of 33,579
Better than 91%
No. 33,666of 33,678
Better than 0%
All companies of type A/S18,025 companies in the comparison
No. 7,542of 17,786
Better than 58%
No. 18,010of 18,024
Better than 0%

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

Security and guard activities n.e.c.
Gross profit
  1. Heimdal Security A/SDKK 13.9m
  2. G4s Security Services A/SDKK 1.1bn
  3. Verisure A/SDKK 317.4m
Net profit
  1. Heimdal Security A/S−DKK 8.9m
  2. G4s Security Services A/SDKK 42.2m
  3. Verisure A/SDKK 113.2m
Equity
  1. Heimdal Security A/S−DKK 216.2m
  2. G4s Security Services A/SDKK 220.5m
  3. Verisure A/SDKK 511.3m
Employees
  1. Heimdal Security A/S16
  2. G4s Security Services A/S1,839
  3. Verisure A/S390

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
  • Thor HoldCo ApS100%
Heimdal Security A/S

Management

4 active registrations

Executive management

Executive management at Heimdal Security A/S
NameRoleAppointed
Jesper Tranholm FrederiksenCEO25/11/2025

Board of directors

Board of directors at Heimdal Security A/S
NameRoleAppointed
Morten KjærsgaardBoard member05/03/2020
Mogens Munkholm ElsbergBoard member01/05/2020
Kieran RafterChair of the board18/02/2022
Auditor
KPMG P/S
Founders
Jesper Knudsen Holding ApS, Csis Security Group A/S, Morten Kjærsgaard Invest ApS
Former management (8)
Former management at Heimdal Security A/S
NameRoleAppointedResigned
Allan MortensenBoard member11/03/201405/03/2020
Morten KjærsgaardCEO11/03/201425/11/2025
Jesper KnudsenChair of the board11/03/201428/09/2015
Morten VillekjærBoard member11/03/201405/03/2020
Klaus Juel RasmussenChair of the board28/09/201527/02/2019
Jens ThonkeChair of the board27/02/201905/03/2020
Florian HofmannChair of the board05/03/202018/02/2022
Kieran RafterBoard member05/03/202001/05/2020

Signing rule: Selskabet tegnes af 2 bestyrelsesmedlemmer i forening.

Address and production units

1 active production units

Vester Farimagsgade 1
1606 København V

København Municipality · Postcode 1606

Other companies at the address (1)

Production units
Production unitAddressEmployeesP number
HEIMDAL SECURITY A/SVester Farimagsgade 1, 2, 1606 København V161019216175

Purpose

Selskabets formål er at drive aktiviteter vedrørende IT-sikkerhedssystemet Heimdal samt efter bestyrelsens skøn hermed beslægtet virksomhed.

The purpose is quoted from the register in Danish.

Changes year by year

44 registered events
20261 changeaccounts 1
  • Annual report for 2025 published
20254 changesmanagement 2 · accounts 1 · industry 1
  • Jesper Tranholm Frederiksen appointed ceo
  • Morten Kjærsgaard stepped down as ceo
  • Annual report for 2024 published
  • Industry changed to Security and guard activities n.e.c. (800900)
20241 changeaccounts 1
  • Annual report for 2023 published
20231 changeaccounts 1
  • Annual report for 2022 published
20225 changesaccounts 1 · ownership 2 · management 2
  • Annual report for 2021 published
  • Thor HoldCo ApS registered as owner (100%)
  • Thor Bidco ApS is no longer registered as owner
  • Kieran Rafter appointed chair of the board
  • Florian Hofmann stepped down as chair of the board
20211 changeaccounts 1
  • Annual report for 2020 published
202013 changesaddress 1 · merger 1 · management 8 · ownership 3
  • Moved to Vester Farimagsgade 1, 2, 1606 København V
  • Merger registered in CVR
  • Mogens Munkholm Elsberg appointed board member
  • Kieran Rafter stepped down as board member
  • Florian Hofmann appointed chair of the board
  • Kieran Rafter appointed board member
  • Morten Kjærsgaard appointed board member
  • Jens Thonke stepped down as chair of the board
  • Allan Mortensen stepped down as board member
  • Morten Villekjær stepped down as board member
  • Thor Bidco ApS registered as owner (100%)
  • MORTEN KJÆRSGAARD INVEST ApS is no longer registered as owner
  • CSIS SECURITY GROUP A/S is no longer registered as owner
20193 changesaddress 1 · management 2
  • Moved to Vester Farimagsgade 1, 3, 1606 København V
  • Jens Thonke appointed chair of the board
  • Klaus Juel Rasmussen stepped down as chair of the board
20181 changeaddress 1
  • Moved to Vester Farimagsgade 2, 3, 1606 København V
20155 changesownership 3 · management 2
  • MORTEN KJÆRSGAARD INVEST ApS registered as owner (10%)
  • JESPER KNUDSEN HOLDING ApS is no longer registered as owner
  • MORTEN KJÆRSGAARD INVEST ApS is no longer registered as owner
  • Klaus Juel Rasmussen appointed chair of the board
  • Jesper Knudsen stepped down as chair of the board
20149 changesaddress 1 · founded 1 · management 4 · ownership 3
  • Moved to Vestergade 2A, 3, 1456 København K
  • Registered as HEIMDAL SECURITY A/S
  • Allan Mortensen appointed board member
  • Jesper Knudsen appointed chair of the board
  • Morten Kjærsgaard appointed ceo
  • Morten Villekjær appointed board member
  • JESPER KNUDSEN HOLDING ApS registered as owner (5%)
  • CSIS SECURITY GROUP A/S registered as owner (66.67%)
  • MORTEN KJÆRSGAARD INVEST ApS registered as owner (15%)

Related companies

Same industry in København

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Same people in management

Largest in the industry

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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