CVRdatabase
Menu

Hindenburg Systems ApS

Private limited companyCVR 32359337København KActive

Hindenburg Systems ApS is a private limited company, based in København K, active in other software publishing, founded in 2009. The company made a loss in both 2024 and 2025, most recently DKK 101k.

Follow
PDF reportCompare

Key figures · financial year 2025

Gross profitDKK 5.9m+26.9% vs. 2024
Net profit−DKK 101k+92% vs. 2024
EquityDKK 2.3m−4.3% vs. 2024
Employees7latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Gross profit rose 27% (2024 → 2025), to DKK 5.9m.
  • The loss got smaller: from DKK 1.3m to DKK 101k (2024 → 2025).
  • Equity fell 4% (2024 → 2025), to DKK 2.3m.

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 2m−DKK 1mDKK 0DKK 1mDKK 2mDKK 3mDKK 4m202020212022202320242025
EquityNet profit
Financial figures for Hindenburg Systems ApS
202020212022202320242025Change
Revenuenot statednot statednot statednot statednot statednot stated–
Gross profit5,9226,9135,2584,2054,6315,878+26.9%
Operating profit (EBIT)2,2392,510979−699−1,92730+101.5%
Profit before tax2,0912,687475−499−1,618−127+92.2%
Net profit1,6292,082346−399−1,263−101+92%
Total assets5,1647,4727,7298,4307,7417,950+2.7%
Equity1,9793,7614,0463,6172,3542,253−4.3%
Liabilities3,1853,3293,3444,5775,3875,698+5.8%
Cash and cash equivalents2,9992,0812222794231,494+252.8%
Average number of employees666876−14.3%

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 1mDKK 2mDKK 3mDKK 4mDKK 5mDKK 6mDKK 7m202020212022202320242025
Gross profitMedian, the industry (499 companies)

Signals from the financial statements

calculated from the 2025 figures

  • Loss for 3 years in a row

    Net result has been negative in 2023–2025.

    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 Hindenburg Systems ApS
Financial yearPeriodPublishedFigures forDocuments
202501/01/2025 – 31/12/202508/07/2026The companyPDF not statedXBRL
202401/01/2024 – 31/12/202404/07/2025The companyPDFXBRL
202301/01/2023 – 31/12/202320/06/2024The companyPDFXBRL
202201/01/2022 – 31/12/202221/06/2023The companyPDFXBRL
202101/01/2021 – 31/12/202118/06/2022The companyPDFXBRL
202001/01/2020 – 31/12/202030/06/2021The companyPDF not statedXBRL

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
024681009/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/2608/26
Employees

Position in the industry

499 companies in the database

Comparison with the other companies in other software publishing based on the latest financial year.

Gross profitDKK 5.9mNo. 181 of 494
Better than 63% of the companies in the industry
EquityDKK 2.3mNo. 196 of 499
Better than 61% of the companies in the industry
Number of employees7No. 201 of 499
Better than 60% of the companies in the industry

Industry median: gross profit DKK 2.9m, net profit DKK 42,450, equity DKK 1.1m, 4 employees.

DKK 100kDKK 1.2mDKK 14.1mDKK 168.1mDKK 875.9mHere
Distribution of gross profit for 427 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. 10,981of 69,742
Better than 84%
No. 22,822of 69,964
Better than 67%
Same industry and fewer than 20 employees406 companies in the comparison
No. 97of 404
Better than 76%
No. 119of 406
Better than 71%
Companies that are between 15 and 29 years old24,910 companies in the comparison
No. 8,768of 24,791
Better than 65%
No. 13,929of 24,909
Better than 44%
All companies of type ApS66,508 companies in the comparison
No. 11,602of 66,379
Better than 83%
No. 19,091of 66,505
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 software publishing
Gross profit
  1. Hindenburg Systems ApSDKK 5.9m
  2. Milestone Systems A/SDKK 2bn
  3. Visma e-conomic A/SDKK 880.2m
Net profit
  1. Hindenburg Systems ApS−DKK 101k
  2. Milestone Systems A/SDKK 183.4m
  3. Visma e-conomic A/SDKK 456.2m
Equity
  1. Hindenburg Systems ApSDKK 2.3m
  2. Milestone Systems A/SDKK 1.7bn
  3. Visma e-conomic A/SDKK 471.5m
Employees
  1. Hindenburg Systems ApS7
  2. Milestone Systems A/S531
  3. Visma e-conomic A/S456

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
  • Dunkerley ApS33.33%
  • PF Media ApS33.33%
  • Dana Rhaetia Holdings ApS5%
Hindenburg Systems ApS

Management

2 active registrations

Executive management

Executive management at Hindenburg Systems ApS
NameRoleAppointed
Nick DunkerleyDirector11/08/2009
Preben Friis SimonsenDirector11/08/2009
Auditor
Grant Thornton, Godkendt Revisionspartnerselskab
Founders
Dunkerley ApS, PF Media ApS
Former management (1)
Former management at Hindenburg Systems ApS
NameRoleAppointedResigned
Christian Linnemann MottesDirector07/06/201731/05/2024

Signing rule: Selskabet tegnes af to direktører i forening.

Address and production units

1 active production units

Knabrostræde 20
1210 København K

København Municipality · Postcode 1210

Production units
Production unitAddressEmployeesP number
HINDENBURG SYSTEMS ApSKnabrostræde 20, 1, 1210 København K71015440798

Purpose

Selskabets formål er at udvikle og sælge software og relaterede produkter til produktion af massemedier samt efter direktionens skøn hermed beslægtet virksomhed.

The purpose is quoted from the register in Danish.

Changes year by year

19 registered events
20261 changeaccounts 1
  • Annual report for 2025 published
20251 changeaccounts 1
  • Annual report for 2024 published
20244 changesaccounts 1 · management 1 · ownership 2
  • Annual report for 2023 published
  • Christian Linnemann Mottes stepped down as director
  • DANA RHAETIA HOLDINGS ApS registered as owner (5%)
  • DANA RHAETIA HOLDINGS ApS is no longer registered as owner
20231 changeaccounts 1
  • Annual report for 2022 published
20221 changeaccounts 1
  • Annual report for 2021 published
20211 changeaccounts 1
  • Annual report for 2020 published
20191 changeaddress 1
  • Moved to Knabrostræde 20, 1, 1210 København K
20171 changemanagement 1
  • Christian Linnemann Mottes appointed director
20123 changesownership 3
  • DANA RHAETIA HOLDINGS ApS registered as owner (33.33%)
  • DUNKERLEY ApS registered as owner (33.33%)
  • PF MEDIA ApS registered as owner (33.33%)
20112 changescapital 1 · name 1
  • Share capital changed from 125,000 DKK to 166,667 DKK
  • Name changed from NSAKA ApS to HINDENBURG SYSTEMS ApS
20093 changesfounded 1 · management 2
  • Registered as NSAKA ApS
  • Nick Dunkerley appointed director
  • Preben Friis Simonsen appointed director

Related companies

Same industry in København

See all →

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