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Ipaper A/S

Public limited companyCVR 29520151Aarhus CActive

Ipaper A/S is a public limited company, based in Aarhus C, active in computer programming activities, founded in 2006. Net profit fell 33% from 2024 to 2025, ending at DKK 3.3m. With 34 employees, the company is about 9 times larger than the industry median. Gross profit is higher than that of 91% of the companies in the industry in the database.

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Key figures · financial year 2025

Gross profitDKK 34.4m−0.1% vs. 2024
Net profitDKK 3.3m−33.2% vs. 2024
EquityDKK 8.8m−10% vs. 2024
Employees34latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Net profit fell 33% (2024 → 2025), to DKK 3.3m.
  • Equity fell 10% (2024 → 2025), to DKK 8.8m.

Employees

  • 5 fewer employees than a year earlier: 34 (08/2026) against 39 (08/2025).

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 0DKK 2mDKK 4mDKK 6mDKK 8mDKK 10m202020212022202320242025
EquityNet profit
Financial figures for Ipaper A/S
202020212022202320242025Change
Revenuenot statednot statednot statednot statednot statednot stated–
Gross profit25,45328,98328,17835,18734,47734,434−0.1%
Operating profit (EBIT)8,6398,7717,3866,3194,4384,296−3.2%
Profit before tax8,84910,6835,4317,2226,3754,262−33.2%
Net profit7,1028,5184,4075,6254,9763,324−33.2%
Total assets28,99333,46532,92333,76232,68930,384−7.1%
Equity9,4719,9897,8968,4219,7978,821−10%
Liabilities18,49222,46124,05824,20821,58420,952−2.9%
Cash and cash equivalents7,3606,2707,4112,5784,7605,535+16.3%
Average number of employees293133394038−5%

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 5mDKK 10mDKK 15mDKK 20mDKK 25mDKK 30mDKK 35m202020212022202320242025
Gross profitMedian, the industry (1,661 companies)

Signals from the financial statements

calculated from the 2025 figures

  • Profit for five years in a row

    Net result has been positive in 2021–2025.

    How is this calculated?

    Net result is positive in the five 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 Ipaper A/S
Financial yearPeriodPublishedFigures forDocuments
202501/01/2025 – 31/12/202510/03/2026The companyPDF not statedXBRL
202401/01/2024 – 31/12/202428/03/2025The companyPDFXBRL
202301/01/2023 – 31/12/202306/05/2024The companyPDFXBRL
202201/01/2022 – 31/12/202203/04/2023The companyPDFXBRL
202101/01/2021 – 31/12/202120/05/2022The companyPDFXBRL
202001/01/2020 – 31/12/202022/03/2021The 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
0102030405009/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/2608/26
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 34.4mNo. 145 of 1,656
Better than 91% of the companies in the industry
EquityDKK 8.8mNo. 291 of 1,661
Better than 83% of the companies in the industry
Number of employees34No. 140 of 1,661
Better than 92% 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. 1,013of 9,892
Better than 90%
No. 3,367of 9,922
Better than 66%
Same industry and 20–49 employees183 companies in the comparison
No. 42of 182
Better than 77%
No. 83of 183
Better than 55%
Companies that are between 15 and 29 years old24,910 companies in the comparison
No. 2,086of 24,791
Better than 92%
No. 7,216of 24,909
Better than 71%
All companies of type A/S18,025 companies in the comparison
No. 3,960of 17,786
Better than 78%
No. 9,237of 18,024
Better than 49%

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. Ipaper A/SDKK 34.4m
  2. Stibo Systems A/SDKK 916.6m
  3. Trackunit ApSDKK 897.1m
Net profit
  1. Ipaper A/SDKK 3.3m
  2. Stibo Systems A/SDKK 155.9m
  3. Trackunit ApSDKK 206.3m
Equity
  1. Ipaper A/SDKK 8.8m
  2. Stibo Systems A/SDKK 309.7m
  3. Trackunit ApSDKK 1.7bn
Employees
  1. Ipaper A/S34
  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
  • Msr Holding ApS25%
  • NZ Holding ApS66.67%
Ipaper A/S

Management

4 active registrations

Executive management

Executive management at Ipaper A/S
NameRoleAppointed
Mark Sjøner RasmussenDirector01/09/2014

Board of directors

Board of directors at Ipaper A/S
NameRoleAppointed
Nicholai Lambert HindrichsenBoard member01/06/2006
Jesper Holm JoensenChair of the board01/06/2006
Mark Sjøner RasmussenBoard member28/11/2014
Founders
NZ Holding ApS
Former management (12)
Former management at Ipaper A/S
NameRoleAppointedResigned
Jesper Holm JoensenDirector27/04/200601/06/2006
Morten DuchBoard member01/06/200630/04/2007
Morten DuchDirector01/06/200630/04/2007
Nicholai Lambert HindrichsenDirector30/04/200701/04/2008
Anders Vadet DahlDirector01/04/200801/09/2014
Anders Vadet DahlBoard member03/04/200828/11/2014
Steen Trier HansenBoard member08/02/201128/11/2014
Lars KrullBoard member08/02/201110/06/2013
Karsten Kenneth AndersenBoard member07/10/201301/03/2017
Lars-Christian BraskBoard member07/10/201326/01/2015
Martin Buch ThorborgBoard member28/11/201408/03/2019
Martin Silva QuachBoard member22/06/201708/03/2019

Signing rule: Selskabet tegnes af direktøren i forening med et medlem af bestyrelsen, af to medlemmer af bestyrelsen i forening eller af den samlede bestyrelse.

Address and production units

1 active production units

Karupvej 2D
8000 Aarhus C

Aarhus Municipality · Postcode 8000

Production units
Production unitAddressEmployeesP number
IPAPER A/SKarupvej 2D, 3. th, 8000 Aarhus C341012220991

Purpose

Selskabets formål er udvikling af computersoftware samt hostingfacility.

The purpose is quoted from the register in Danish.

Changes year by year

52 registered events
20261 changeaccounts 1
  • Annual report for 2025 published
20251 changeaccounts 1
  • Annual report for 2024 published
20241 changeaccounts 1
  • Annual report for 2023 published
20231 changeaccounts 1
  • Annual report for 2022 published
20221 changeaccounts 1
  • Annual report for 2021 published
20211 changeaccounts 1
  • Annual report for 2020 published
20193 changesmanagement 2 · address 1
  • Martin Silva Quach stepped down as board member
  • Martin Buch Thorborg stepped down as board member
  • Moved to Karupvej 2D, 3. th, 8000 Aarhus C
20181 changeaddress 1
  • Moved to Silkeborgvej 43, 1, 8000 Aarhus C
20175 changesmanagement 2 · ownership 2 · capital 1
  • Martin Silva Quach appointed board member
  • NZ HOLDING ApS registered as owner (66.67%)
  • NZ HOLDING ApS is no longer registered as owner
  • Share capital changed from 1,446,000 DKK to 500,000 DKK
  • Karsten Kenneth Andersen stepped down as board member
20156 changescapital 1 · ownership 4 · management 1
  • Share capital changed from 1,125,000 DKK to 1,446,000 DKK
  • NZ HOLDING ApS registered as owner (66.67%)
  • MSR HOLDING ApS registered as owner (25%)
  • MSR HOLDING ApS is no longer registered as owner
  • NZ HOLDING ApS is no longer registered as owner
  • Lars-Christian Brask stepped down as board member
20147 changesmanagement 6 · ownership 1
  • Martin Buch Thorborg appointed board member
  • Mark Sjøner Rasmussen appointed board member
  • Steen Trier Hansen stepped down as board member
  • Anders Vadet Dahl stepped down as board member
  • Mark Sjøner Rasmussen appointed director
  • Anders Vadet Dahl stepped down as director
  • MSR HOLDING ApS registered as owner (10%)
20134 changesmanagement 3 · address 1
  • Karsten Kenneth Andersen appointed board member
  • Lars-Christian Brask appointed board member
  • Lars Krull stepped down as board member
  • Moved to Silkeborgvej 43, 1, 8000 Aarhus C
20113 changesname 1 · management 2
  • Name changed from IPAPER ApS to IPAPER A/S
  • Steen Trier Hansen appointed board member
  • Lars Krull appointed board member
20101 changecapital 1
  • Share capital changed from 125,000 DKK to 1,125,000 DKK
20091 changeaddress 1
  • Moved to Åboulevarden 3, 2, 8000 Aarhus C
20084 changesmanagement 3 · industry 1
  • Anders Vadet Dahl appointed board member
  • Anders Vadet Dahl appointed director
  • Nicholai Lambert Hindrichsen stepped down as director
  • Industry changed to Computerprogrammering (620100)
20074 changesmanagement 3 · ownership 1
  • Nicholai Lambert Hindrichsen appointed director
  • Morten Duch stepped down as director
  • Morten Duch stepped down as board member
  • NZ HOLDING ApS registered as owner (90%)
20067 changesmanagement 6 · founded 1
  • Jesper Holm Joensen appointed chair of the board
  • Morten Duch appointed director
  • Nicholai Lambert Hindrichsen appointed board member
  • Morten Duch appointed board member
  • Jesper Holm Joensen stepped down as director
  • Registered as IPAPER ApS
  • Jesper Holm Joensen appointed director

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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. The company is protected against advertising; contact details are not shown, and the data must not be used for marketing.

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