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Init Denmark A/S

Public limited companyCVR 19256707SøborgActive

Init Denmark A/S is a public limited company, based in Søborg, active in computer programming activities, founded in 1996. After a loss in 2024, the company made a profit of DKK 13.6m in 2025. Measured by gross profit, it ranks no. 8 of 1,656 companies in the industry in the database. Operations are spread over 18 production units in 17 towns.

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Key figures · financial year 2025

RevenueDKK 547.6m
Net profitDKK 13.6m+296.7% vs. 2024
EquityDKK 316.4m+8.4% vs. 2024
Employees410latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Gross profit rose 16% (2024 → 2025), to DKK 365m.
  • Net profit went from a loss of DKK 6.9m to a profit of DKK 13.6m (2024 → 2025).
  • Equity rose 8% (2024 → 2025), to DKK 316.4m.

Employees

  • 9 more employees than a year earlier: 410 (07/2026) against 401 (07/2025).

Management and owners, last 24 months

  • Stepped down: Lars Thomas Blomqvist (board member, 16/12/2024).

Registrations, last 24 months

  • 01/04/2025: Merger registered in CVR
  • 31/12/2024: Merger registered in CVR
  • 01/11/2024: Merger registered in CVR

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 Init Denmark A/S
202020212022202320242025Change
Revenuenot statednot statednot statednot statednot stated547,594–
Gross profit89,604100,744149,160154,218315,974365,019+15.5%
Operating profit (EBIT)22,27633,62544,91932,81720,39626,605+30.4%
Profit before tax22,16533,50944,21916,018−25524,170+9,565.4%
Net profit17,04026,13034,43011,282−6,92213,617+296.7%
Total assets48,07067,793283,258425,717420,822427,556+1.6%
Equity24,90633,99668,561186,906291,973316,440+8.4%
Liabilities19,97831,522210,683230,548127,344105,744−17%
Cash and cash equivalents11,5677,97326,4964,3988,4142,799−66.7%
Average number of employees9595118156347377+8.6%

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: 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 50mDKK 100mDKK 150mDKK 200mDKK 250mDKK 300mDKK 350m202020212022202320242025
Gross profitMedian, the industry (1,661 companies)

Annual reports

6 financial years
Annual reports for Init Denmark A/S
Financial yearPeriodPublishedFigures forDocuments
202501/01/2025 – 31/12/202530/06/2026The companyPDF not statedXBRL
202401/01/2024 – 31/12/202427/06/2025The companyPDFXBRL
202301/01/2023 – 31/12/202304/06/2024The companyPDFXBRL
202201/10/2021 – 31/12/202201/06/2023The companyPDFXBRL
202101/10/2020 – 30/09/202128/01/2022The companyPDFXBRL
202001/10/2019 – 30/09/202012/02/2021The 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
010020030040008/2309/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/26
Employees

Position in the industry

1,661 companies in the database

Comparison with the other companies in computer programming activities based on the latest financial year.

Gross profitDKK 365mNo. 8 of 1,656
Better than 100% of the companies in the industry
EquityDKK 316.4mNo. 11 of 1,661
Better than 99% of the companies in the industry
Number of employees410No. 12 of 1,661
Better than 99% of the companies in the industry

Industry median: gross profit DKK 2.6m, net profit DKK 93,491, equity DKK 1m, 4 employees.

DKK 100kDKK 978kDKK 9.6mDKK 93.7mDKK 428.6mHere
Distribution of gross profit for 1,474 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 200–499 employees796 companies in the comparison
No. 105of 763
Better than 86%
No. 182of 796
Better than 77%
Companies that are at least 30 years old10,276 companies in the comparison
No. 244of 10,152
Better than 98%
No. 537of 10,275
Better than 95%
All companies of type A/S18,025 companies in the comparison
No. 411of 17,786
Better than 98%
No. 1,009of 18,024
Better than 94%

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

Computer programming activities
Gross profit
  1. Init Denmark A/SDKK 365m
  2. Stibo Systems A/SDKK 916.6m
  3. Trackunit ApSDKK 897.1m
Net profit
  1. Init Denmark A/SDKK 13.6m
  2. Stibo Systems A/SDKK 155.9m
  3. Trackunit ApSDKK 206.3m
Equity
  1. Init Denmark A/SDKK 316.4m
  2. Stibo Systems A/SDKK 309.7m
  3. Trackunit ApSDKK 1.7bn
Employees
  1. Init Denmark A/S410
  2. Stibo Systems A/S201
  3. Trackunit ApS249

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
Init Denmark A/S

Management

4 active registrations

Executive management

Executive management at Init Denmark A/S
NameRoleAppointed
Hans Henrik EbbensgaardCEO28/09/2007

Board of directors

Board of directors at Init Denmark A/S
NameRoleAppointed
Hans Henrik EbbensgaardBoard member30/09/2004
Knut AkselvollChair of the board07/02/2022
Christoffer Arthur MüllerDeputy chair07/02/2022
Founders
Tvjj ApS
Former management (19)
Former management at Init Denmark A/S
NameRoleAppointedResigned
Preben JakobsenBoard member10/04/199615/11/2001
Torben VestergaardBoard member10/04/199628/09/2007
Torben VestergaardCEO10/04/199628/09/2007
Jesper JohannesenBoard member10/04/199602/02/2001
Peder Mohr JensenBoard member02/02/200104/06/2002
Eskild LyngholmChair of the board02/02/200115/11/2001
Preben JakobsenDirector02/05/200115/11/2001
Bjarne Henning NielsenBoard member02/05/200108/12/2011
Vagn HingeBoard member02/05/200112/12/2001
Arne JørgensenChair of the board15/11/200121/07/2006
Jens Erik BuhlBoard member15/11/200102/12/2003
Jesper Thorlund JensenBoard member12/09/200221/07/2006
Ellen Margrethe VestergaardChair of the board21/07/200628/09/2007
Morten JørgensenBoard member21/07/200615/03/2010
Niels Peder Ledgaard SteffensenBoard member28/09/200707/02/2022
Leif Krog JensenBoard member28/09/200707/02/2022
Jesper VilsbøllChair of the board28/09/200707/02/2022
Simon AareBoard member15/03/201008/12/2011
Lars Thomas BlomqvistBoard member07/02/202216/12/2024

Signing rule: Selskabet tegnes af bestyrelsesformanden sammen med den administrerende direktør, eller den administrerende direktør i forening med to bestyrelsesmedlemmer, eller tre bestyrelsesmedlemmer i forening.

Address and production units

18 active production units

Gladsaxevej 382
2860 Søborg

Gladsaxe Municipality · Postcode 2860

Open in OpenStreetMap
Production units
Production unitAddressEmployeesP number
Init Denmark A/SGladsaxevej 382, 2860 Søborg791000400009
Init Denmark A/SFrichsvej 21, 8600 Silkeborg521005243746
Init Denmark A/SMejeribakken 8, 3540 Lynge411000638409
Init Denmark A/SJyllandsgade 42, 6400 Sønderborg371001721424
Init Denmark A/SNr Viumvej 2, 6920 Videbæk251023234757
Init Denmark A/SKirke Værløsevej 20B, 3500 Værløse221012937284
Init Denmark A/SKullinggade 31E, 5700 Svendborg211015324666
Init Denmark A/SLumbyesvej 27, 7000 Fredericia201008525087
Init Denmark A/SHovedgaden 54, 8220 Brabrand161003203223
Init Denmark A/SAlsvej 21, 8940 Randers SV161028076246
Init Denmark A/SJættevej 50, st, 4100 Ringsted121029683642
Init Denmark A/SFuglevangsvej 45, 8700 Horsens111029683650
Init Denmark A/STilstedvej 73, 7700 Thisted91025801829
Init Denmark A/SHareskovvej 19, 4400 Kalundborg81022734799
Init Denmark A/SJohn Tranums Vej 23, 6705 Esbjerg Ø41021677678

Showing 15 of 18 units (sorted by employees).

Purpose

Selskabets formål er - enten direkte eller via kapitalandele - at drive ingeniørvirksomhed og anden i forbindelse hermed stående virksomhed.

The purpose is quoted from the register in Danish.

Changes year by year

74 registered events
20261 changeaccounts 1
  • Annual report for 2025 published
20252 changesaccounts 1 · merger 1
  • Annual report for 2024 published
  • Merger registered in CVR
20247 changesmerger 5 · management 1 · accounts 1
  • Merger registered in CVR
  • Lars Thomas Blomqvist stepped down as board member
  • Merger registered in CVR
  • Merger registered in CVR
  • Merger registered in CVR
  • Annual report for 2023 published
  • Merger registered in CVR
20232 changesname 1 · accounts 1
  • Name changed from PICCA AUTOMATION A/S to Init Denmark A/S
  • Annual report for 2022 published
202212 changesmerger 1 · management 6 · ownership 4 · accounts 1
  • Merger registered in CVR
  • Knut Akselvoll appointed chair of the board
  • Lars Thomas Blomqvist appointed board member
  • Christoffer Arthur Müller appointed deputy chair
  • Jesper Vilsbøll stepped down as chair of the board
  • Niels Peder Ledgaard Steffensen stepped down as board member
  • Leif Krog Jensen stepped down as board member
  • Init Group ApS registered as owner (100%)
  • PICCA AUTOMATION HOLDING A/S is no longer registered as owner
  • PICCA AUTOMATION HOLDING II ApS is no longer registered as owner
  • Picca Automation Holding III ApS is no longer registered as owner
  • Annual report for 2021 published
20211 changeaccounts 1
  • Annual report for 2020 published
20195 changesownership 5
  • PICCA AUTOMATION HOLDING A/S registered as owner (50%)
  • PICCA AUTOMATION HOLDING II ApS registered as owner (20%)
  • Picca Automation Holding III ApS registered as owner (15%)
  • PICCA AUTOMATION HOLDING II ApS is no longer registered as owner
  • PICCA AUTOMATION HOLDING A/S is no longer registered as owner
20181 changeaddress 1
  • Moved to Gladsaxevej 382, 3, 2860 Søborg
20171 changemerger 1
  • Merger registered in CVR
20151 changecapital 1
  • Share capital changed from 600,000 DKK to 1,000,000 DKK
20132 changesownership 2
  • PICCA AUTOMATION HOLDING II ApS registered as owner (25%)
  • PICCA AUTOMATION HOLDING A/S registered as owner (66.67%)
20122 changescapital 1 · industry 1
  • Share capital changed from 500,000 DKK to 600,000 DKK
  • Industry changed to Computerprogrammering (620100)
20112 changesmanagement 2
  • Simon Aare stepped down as board member
  • Bjarne Henning Nielsen stepped down as board member
20102 changesmanagement 2
  • Simon Aare appointed board member
  • Morten Jørgensen stepped down as board member
20081 changeindustry 1
  • Industry changed to Installation of industrial machinery and equipment (332000)
20077 changesmanagement 7
  • Jesper Vilsbøll appointed chair of the board
  • Hans Henrik Ebbensgaard appointed ceo
  • Niels Peder Ledgaard Steffensen appointed board member
  • Leif Krog Jensen appointed board member
  • Ellen Margrethe Vestergaard stepped down as chair of the board
  • Torben Vestergaard stepped down as board member
  • Torben Vestergaard stepped down as ceo
20064 changesmanagement 4
  • Morten Jørgensen appointed board member
  • Ellen Margrethe Vestergaard appointed chair of the board
  • Jesper Thorlund Jensen stepped down as board member
  • Arne Jørgensen stepped down as chair of the board
20041 changemanagement 1
  • Hans Henrik Ebbensgaard appointed board member
20031 changemanagement 1
  • Jens Erik Buhl stepped down as board member
20022 changesmanagement 2
  • Jesper Thorlund Jensen appointed board member
  • Peder Mohr Jensen stepped down as board member
200112 changesmanagement 12
  • Vagn Hinge stepped down as board member
  • Arne Jørgensen appointed chair of the board
  • Jens Erik Buhl appointed board member
  • Preben Jakobsen stepped down as director
  • Eskild Lyngholm stepped down as chair of the board
  • Preben Jakobsen stepped down as board member
  • Vagn Hinge appointed board member
  • Bjarne Henning Nielsen appointed board member
  • Preben Jakobsen appointed director
  • Peder Mohr Jensen appointed board member
  • Eskild Lyngholm appointed chair of the board
  • Jesper Johannesen stepped down as board member
19965 changesfounded 1 · management 4
  • Registered as PICCA AUTOMATION A/S
  • Torben Vestergaard appointed board member
  • Jesper Johannesen appointed board member
  • Torben Vestergaard appointed ceo
  • Preben Jakobsen appointed board member

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Same industry in Gladsaxe

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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 23/10/2026.

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