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Insurance Business Applications A/S

Public limited companyCVR 33361319København SActive

Insurance Business Applications A/S is a public limited company, based in København S, active in computer programming activities, founded in 2010. The company made a loss in both 2024 and 2025, most recently DKK 2.4m. With 24 employees, the company is about 6 times larger than the industry median. 7 people are registered in the company's management and ownership.

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Key figures · financial year 2025

Gross profitDKK 7.5m+4.5% vs. 2024
Net profit−DKK 2.4m−74.1% vs. 2024
EquityDKK 6.8m−2.6% vs. 2024
Employees24latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Gross profit rose 5% (2024 → 2025), to DKK 7.5m.
  • The loss grew: from DKK 1.4m to DKK 2.4m (2024 → 2025).
  • Equity fell 3% (2024 → 2025), to DKK 6.8m.

Employees

  • 1 more employees than a year earlier: 24 (08/2026) against 23 (08/2025).

Management and owners, last 24 months

  • New in management: Torben Bjerring (board member, 28/03/2025), Søren Degn Jahns (director, 07/07/2026) and Bjarne Toftlund (board member, 28/03/2025).
  • Stepped down: Anders Engdal (board member, 28/03/2025), Christian Winther (board member, 28/03/2025) and Bjarne Toftlund (board member, 20/08/2026).
  • New owners registered: Bladt & Co. ApS (28/03/2025), Bladt & Co. ApS (30/10/2024) and Danmarks Eksport- og Investeringsfond (30/10/2024).
  • No longer registered as owner: Bladt & Co. ApS (29/10/2024), Danmarks Eksport- og Investeringsfond (29/10/2024) and Bladt & Co. ApS (27/03/2025) (+1).

Registrations, last 24 months

  • 10/11/2025: Share capital changed from 777,336 DKK to 947,597 DKK
  • 20/12/2024: Share capital changed from 690,165 DKK to 777,336 DKK

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 6m−DKK 4m−DKK 2mDKK 0DKK 2mDKK 4mDKK 6m202020212022202320242025
EquityNet profit
Financial figures for Insurance Business Applications A/S
202020212022202320242025Change
Revenuenot statednot statednot statednot statednot statednot stated–
Gross profit3,4071,4522,2976,6047,1877,513+4.5%
Operating profit (EBIT)−1,928−4,891−4,257−1,503−1,529−1,308+14.4%
Profit before tax−2,492−5,215−4,417−1,590−1,561−1,568−0.5%
Net profit−2,238−4,920−4,079−1,354−1,389−2,419−74.1%
Total assets7,0848,0815,7588,3799,92010,063+1.4%
Equity−2723,7141,3945,4116,9936,808−2.6%
Liabilities7,3564,3674,3632,9682,9273,255+11.2%
Cash and cash equivalents1,9292,7293341,3623,2311,895−41.3%
Average number of employees596460545256+7.7%

Source: annual reports filed with the Danish Business Authority (XBRL). Group figures; 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 7mDKK 8m202020212022202320242025
Gross profitMedian, the industry (1,661 companies)

Signals from the financial statements

calculated from the 2025 figures

  • 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 Insurance Business Applications A/S
Financial yearPeriodPublishedFigures forDocuments
202501/01/2025 – 31/12/202501/06/2026The groupPDF not statedXBRL
202401/01/2024 – 31/12/202404/04/2025The groupPDFXBRL
202301/01/2023 – 31/12/202301/07/2024The groupPDFXBRL
202201/01/2022 – 31/12/202221/04/2023The groupPDFXBRL
202101/01/2021 – 31/12/202101/07/2022The groupPDFXBRL
202001/01/2020 – 31/12/202001/07/2021The groupPDFXBRL

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
051015202509/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/2608/26
Employees

Position in the industry

1,661 companies in the database

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

Gross profitDKK 7.5mNo. 481 of 1,656
Better than 71% of the companies in the industry
EquityDKK 6.8mNo. 338 of 1,661
Better than 80% of the companies in the industry
Number of employees24No. 93 of 1,661
Better than 94% 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 20–49 employees9,922 companies in the comparison
No. 6,677of 9,892
Better than 33%
No. 3,964of 9,922
Better than 60%
Same industry and 20–49 employees183 companies in the comparison
No. 158of 182
Better than 13%
No. 91of 183
Better than 51%
Companies that are between 15 and 29 years old24,910 companies in the comparison
No. 7,379of 24,791
Better than 70%
No. 8,287of 24,909
Better than 67%
All companies of type A/S18,025 companies in the comparison
No. 10,268of 17,786
Better than 42%
No. 10,278of 18,024
Better than 43%

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. Insurance Business Applications A/SDKK 7.5m
  2. Stibo Systems A/SDKK 916.6m
  3. Trackunit ApSDKK 897.1m
Net profit
  1. Insurance Business Applications A/S−DKK 2.4m
  2. Stibo Systems A/SDKK 155.9m
  3. Trackunit ApSDKK 206.3m
Equity
  1. Insurance Business Applications A/SDKK 6.8m
  2. Stibo Systems A/SDKK 309.7m
  3. Trackunit ApSDKK 1.7bn
Employees
  1. Insurance Business Applications A/S24
  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
  • Ncp-ivs Fund Iii K/S15%
  • Bladt & Co. ApS50%
Insurance Business Applications A/S
Subsidiaries and ownership shares

Subsidiaries are shown only if they are in the database.

Management

6 active registrations

Executive management

Executive management at Insurance Business Applications A/S
NameRoleAppointed
Morten Bruun SteinerCEO16/05/2022
Søren Degn JahnsDirector07/07/2026

Board of directors

Board of directors at Insurance Business Applications A/S
NameRoleAppointed
Thomas Weilby KnudsenBoard member15/10/2021
Niels Ulrik MortensenChair of the board15/10/2021
Rolf Henrik BladtBoard member18/04/2023
Torben BjerringBoard member28/03/2025
Founders
Adsidius ApS
Former management (18)
Former management at Insurance Business Applications A/S
NameRoleAppointedResigned
Steen RodeChair of the board08/12/201008/02/2013
Anders EngdalBoard member08/12/201028/03/2025
Anders EngdalCEO08/12/201007/09/2017
Søren Degn JahnsBoard member08/12/201008/02/2013
Thomas Weilby KnudsenBoard member23/07/201415/11/2017
Ole SkovChair of the board23/07/201416/11/2017
Morten BorumCEO07/09/201717/02/2021
Thomas Weilby KnudsenChair of the board16/11/201714/10/2021
Dennis Landbo NielsenBoard member16/11/201717/07/2020
Erik Balck SørensenBoard member14/03/201818/04/2023
Kim WienckenBoard member17/07/202015/10/2021
Jesper SlotCEO17/02/202127/06/2021
Jesper SlotDirector28/06/202105/04/2022
Michael Koehn MillandCEO28/06/202106/04/2022
Jesper SlotCEO06/04/202215/05/2022
Jesper SlotDirector16/05/202230/04/2024
Christian WintherBoard member18/04/202328/03/2025
Bjarne ToftlundBoard member28/03/202520/08/2026

Signing rule: Selskabet tegnes af to bestyrelsesmedlemmer i forening eller af den administrerende direktør i forening med et bestyrelsesmedlem

Address and production units

1 active production units

Rued Langgaards Vej 8
2300 København S

København Municipality · Postcode 2300

Other companies at the address (2)

Production units
Production unitAddressEmployeesP number
INSURANCE BUSINESS APPLICATIONS A/SRued Langgaards Vej 8, 2300 København S241016494441

Purpose

Selskabets formål er handel med forsikringssoftware og beslægtede aktiviteter

The purpose is quoted from the register in Danish.

Changes year by year

144 registered events
20263 changesmanagement 2 · accounts 1
  • Bjarne Toftlund stepped down as board member
  • Søren Degn Jahns appointed director
  • Annual report for 2025 published
20259 changescapital 1 · accounts 1 · ownership 3 · management 4
  • Share capital changed from 777,336 DKK to 947,597 DKK
  • Annual report for 2024 published
  • Danmarks Eksport- og Investeringsfond is no longer registered as owner
  • Bjarne Toftlund appointed board member
  • Torben Bjerring appointed board member
  • Christian Winther stepped down as board member
  • Anders Engdal stepped down as board member
  • BLADT & CO. ApS registered as owner (50%)
  • BLADT & CO. ApS is no longer registered as owner
202412 changescapital 2 · ownership 8 · accounts 1 · management 1
  • Share capital changed from 690,165 DKK to 777,336 DKK
  • BLADT & CO. ApS registered as owner (33.33%)
  • Danmarks Eksport- og Investeringsfond registered as owner (10%)
  • Danmarks Eksport- og Investeringsfond is no longer registered as owner
  • BLADT & CO. ApS is no longer registered as owner
  • Annual report for 2023 published
  • Share capital changed from 552,557 DKK to 690,165 DKK
  • Danmarks Eksport- og Investeringsfond registered as owner (25%)
  • BLADT & CO. ApS registered as owner (25%)
  • Danmarks Eksport- og Investeringsfond is no longer registered as owner
  • BLADT & CO. ApS is no longer registered as owner
  • Jesper Slot stepped down as director
202311 changesaccounts 1 · management 3 · ownership 6 · capital 1
  • Annual report for 2022 published
  • Rolf Henrik Bladt appointed board member
  • Christian Winther appointed board member
  • Erik Balck Sørensen stepped down as board member
  • Danmarks Eksport- og Investeringsfond registered as owner (33.33%)
  • VÆKSTFONDEN is no longer registered as owner
  • Share capital changed from 538,467 DKK to 552,557 DKK
  • NCP-IVS FUND III K/S registered as owner (15%)
  • BLADT & CO. ApS registered as owner (20%)
  • Kapitalforeningen BankInvest Select is no longer registered as owner
  • NCP-IVS FUND III K/S is no longer registered as owner
202210 changesaccounts 1 · capital 1 · ownership 2 · management 6
  • Annual report for 2021 published
  • Share capital changed from 463,257 DKK to 538,467 DKK
  • ADSIDIUS ApS is no longer registered as owner
  • DACCO INVEST ApS is no longer registered as owner
  • Jesper Slot appointed director
  • Morten Bruun Steiner appointed ceo
  • Jesper Slot stepped down as ceo
  • Jesper Slot appointed ceo
  • Michael Koehn Milland stepped down as ceo
  • Jesper Slot stepped down as director
202122 changescapital 2 · management 9 · ownership 9 · accounts 1 · name 1
  • Share capital changed from 407,633 DKK to 463,257 DKK
  • Thomas Weilby Knudsen appointed board member
  • Niels Ulrik Mortensen appointed chair of the board
  • Kim Wiencken stepped down as board member
  • Kapitalforeningen BankInvest Select registered as owner (5%)
  • NCP-IVS FUND III K/S registered as owner (25%)
  • JAHNS HOLDING ApS is no longer registered as owner
  • JA ENGDAL ApS is no longer registered as owner
  • Thomas Weilby Knudsen stepped down as chair of the board
  • NCP-IVS FUND III K/S is no longer registered as owner
  • Annual report for 2020 published
  • Name changed from INSURANCE BUSINESS APPLICATIONS ApS to INSURANCE BUSINESS APPLICATIONS A/S
  • Share capital changed from 325,569 DKK to 407,633 DKK
  • Jesper Slot appointed director
  • Michael Koehn Milland appointed ceo
  • VÆKSTFONDEN registered as owner (33.33%)
  • NCP-IVS FUND III K/S registered as owner (33.33%)
  • Jesper Slot stepped down as ceo
  • NCP-IVS FUND III K/S is no longer registered as owner
  • VÆKSTFONDEN is no longer registered as owner
  • Jesper Slot appointed ceo
  • Morten Borum stepped down as ceo
202015 changescapital 3 · management 2 · ownership 10
  • Share capital changed from 320,319 DKK to 325,569 DKK
  • Share capital changed from 257,999 DKK to 320,319 DKK
  • Kim Wiencken appointed board member
  • Dennis Landbo Nielsen stepped down as board member
  • NCP-IVS FUND III K/S registered as owner (33.33%)
  • JAHNS HOLDING ApS registered as owner (5%)
  • VÆKSTFONDEN registered as owner (33.33%)
  • JA ENGDAL ApS registered as owner (5%)
  • NCP-IVS FUND III K/S is no longer registered as owner
  • JAHNS HOLDING ApS is no longer registered as owner
  • VÆKSTFONDEN is no longer registered as owner
  • JA ENGDAL ApS is no longer registered as owner
  • Share capital changed from 255,499 DKK to 257,999 DKK
  • NCP-IVS FUND III K/S registered as owner (33.33%)
  • NCP-IVS FUND III K/S is no longer registered as owner
201913 changescapital 1 · ownership 12
  • Share capital changed from 172,567 DKK to 255,499 DKK
  • JAHNS HOLDING ApS registered as owner (5%)
  • VÆKSTFONDEN registered as owner (25%)
  • ADSIDIUS ApS registered as owner (5%)
  • DACCO INVEST ApS registered as owner (5%)
  • NCP-IVS FUND III K/S registered as owner (25%)
  • JA ENGDAL ApS registered as owner (5%)
  • DACCO INVEST ApS is no longer registered as owner
  • ADSIDIUS ApS is no longer registered as owner
  • VÆKSTFONDEN is no longer registered as owner
  • JAHNS HOLDING ApS is no longer registered as owner
  • JA ENGDAL ApS is no longer registered as owner
  • NCP-IVS FUND III K/S is no longer registered as owner
201814 changescapital 2 · ownership 10 · address 1 · management 1
  • Share capital changed from 159,409 DKK to 172,567 DKK
  • DACCO INVEST ApS registered as owner (10%)
  • ADSIDIUS ApS registered as owner (10%)
  • VÆKSTFONDEN registered as owner (15%)
  • DACCO INVEST ApS is no longer registered as owner
  • ADSIDIUS ApS is no longer registered as owner
  • VÆKSTFONDEN is no longer registered as owner
  • DACCO INVEST ApS registered as owner (15%)
  • ADSIDIUS ApS registered as owner (15%)
  • Business Applications Software Ltd. is no longer registered as owner
  • Moved to Rued Langgaards Vej 8, 2300 København S
  • Share capital changed from 133,442 DKK to 159,409 DKK
  • Erik Balck Sørensen appointed board member
  • VÆKSTFONDEN registered as owner (10%)
201714 changesmanagement 6 · capital 2 · ownership 6
  • Thomas Weilby Knudsen appointed chair of the board
  • Dennis Landbo Nielsen appointed board member
  • Ole Skov stepped down as chair of the board
  • Thomas Weilby Knudsen stepped down as board member
  • Morten Borum appointed ceo
  • Anders Engdal stepped down as ceo
  • Share capital changed from 120,848 DKK to 133,442 DKK
  • JAHNS HOLDING ApS registered as owner (10%)
  • Business Applications Software Ltd. registered as owner (25%)
  • JA ENGDAL ApS registered as owner (10%)
  • Business Applications Software Ltd. is no longer registered as owner
  • JAHNS HOLDING ApS is no longer registered as owner
  • JA ENGDAL ApS is no longer registered as owner
  • Share capital changed from 112,088 DKK to 120,848 DKK
20162 changescapital 1 · industry 1
  • Share capital changed from 108,000 DKK to 112,088 DKK
  • Industry changed to Computerprogrammering (620100)
20151 changeaddress 1
  • Moved to Gammel Kongevej 1, 4, 1610 København V
20144 changesmanagement 2 · ownership 1 · capital 1
  • Ole Skov appointed chair of the board
  • Thomas Weilby Knudsen appointed board member
  • NCP-IVS FUND III K/S registered as owner (25%)
  • Share capital changed from 94,000 DKK to 108,000 DKK
20134 changescapital 2 · management 2
  • Share capital changed from 86,000 DKK to 94,000 DKK
  • Share capital changed from 80,000 DKK to 86,000 DKK
  • Steen Rode stepped down as chair of the board
  • Søren Degn Jahns stepped down as board member
20124 changesownership 3 · address 1
  • Business Applications Software Ltd. registered as owner (33.33%)
  • JAHNS HOLDING ApS registered as owner (15%)
  • JA ENGDAL ApS registered as owner (15%)
  • Moved to Gammel Kongevej 1, 2, 1610 København V
20106 changesindustry 1 · founded 1 · management 4
  • Industry changed to Engroshandel med computere, ydre enheder og software (465100)
  • Registered as INSURANCE BUSINESS APPLICATIONS ApS
  • Steen Rode appointed chair of the board
  • Søren Degn Jahns appointed board member
  • Anders Engdal appointed ceo
  • Anders Engdal appointed board member

Related companies

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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.

View in CVRReport a correction