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Kartago Capital A/S

Public limited companyCVR 40859586CharlottenlundActive

Kartago Capital A/S is a public limited company, based in Charlottenlund, active in management of real estate on a contract basis, founded in 2019. The company made a loss in both 2024 and 2025, most recently DKK 7m. With 11 employees, the company is about 4 times larger than the industry median. Equity fell to DKK 11.6m in 2025.

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Key figures · financial year 2025

Gross profitDKK 802k−68.8% vs. 2024
Net profit−DKK 7m−65.4% vs. 2024
EquityDKK 11.6m−37.7% vs. 2024
Employees11latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Gross profit fell 69% (2024 → 2025), to DKK 802k.
  • The loss grew: from DKK 4.3m to DKK 7m (2024 → 2025).
  • Equity fell 38% (2024 → 2025), to DKK 11.6m.

Employees

  • 1 fewer employees than a year earlier: 11 (07/2026) against 12 (07/2025).

Management and owners, last 24 months

  • New in management: Kristoffer Thygesen (board member, 11/06/2026).
  • Stepped down: Michael Hansen (board member, 11/06/2026).
  • New owners registered: Kartago Property ApS (10/03/2026), Administrationsselskabet Gambit ApS (04/05/2026) and Administrationsselskabet Gambit ApS (10/03/2026).
  • No longer registered as owner: Administrationsselskabet Gambit ApS (09/03/2026), Kartago Property ApS (09/03/2026) and Administrationsselskabet Gambit ApS (03/05/2026).

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 10mDKK 0DKK 10mDKK 20mDKK 30m202020212022202320242025
EquityNet profit
Financial figures for Kartago Capital A/S
202020212022202320242025Change
Revenuenot statednot statednot statednot statednot statednot stated–
Gross profit2,0028,4344,9212,2872,571802−68.8%
Operating profit (EBIT)1,1765,871−1,715−6,642−6,120−9,875−61.4%
Profit before tax1,16825,267−1,6436,504−5,835−9,420−61.4%
Net profit91124,033−1,1938,120−4,258−7,043−65.4%
Total assets36,68161,80536,97236,20740,77772,636+78.1%
Equity10,89234,92518,80726,92718,66911,625−37.7%
Liabilities25,75526,85318,1659,28022,02860,903+176.5%
Cash and cash equivalents7008,78919,4853,751213566+164.9%
Average number of employees13710811+37.5%

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 2mDKK 4mDKK 6mDKK 8m202020212022202320242025
Gross profitMedian, the industry (332 companies)

Signals from the financial statements

calculated from the 2025 figures

  • Loss for 2 years in a row

    Net result has been negative in 2024–2025.

    How is this calculated?

    Net result is negative in the two or more latest annual reports in a row.

  • Equity fell sharply

    Equity fell 38% from 2024 to 2025 (DKK 18.7m to DKK 11.6m).

    How is this calculated?

    Equity has fallen by at least 30% from the previous annual report, and it was positive the year before.

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 Kartago Capital A/S
Financial yearPeriodPublishedFigures forDocuments
202501/01/2025 – 31/12/202529/06/2026The companyPDF not statedXBRL
202401/01/2024 – 31/12/202425/06/2025The companyPDFXBRL
202301/01/2023 – 31/12/202327/06/2024The companyPDFXBRL
202201/01/2022 – 31/12/202226/06/2023The companyPDFXBRL
202101/01/2021 – 31/12/202127/06/2022The companyPDFXBRL
202001/01/2020 – 31/12/202015/06/2021The 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

332 companies in the database

Comparison with the other companies in management of real estate on a contract basis based on the latest financial year.

Gross profitDKK 802kNo. 247 of 328
Better than 25% of the companies in the industry
EquityDKK 11.6mNo. 112 of 332
Better than 66% of the companies in the industry
Number of employees11No. 88 of 332
Better than 74% of the companies in the industry

Industry median: gross profit DKK 2.6m, net profit DKK 401k, equity DKK 3.8m, 3 employees.

DKK 100kDKK 886kDKK 7.8mDKK 69.5mDKK 297.6mHere
Distribution of gross profit for 292 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. 48,499of 69,742
Better than 30%
No. 8,213of 69,964
Better than 88%
Same industry and fewer than 20 employees278 companies in the comparison
No. 196of 274
Better than 29%
No. 87of 278
Better than 69%
Companies that are between 5 and 14 years old33,688 companies in the comparison
No. 25,041of 33,588
Better than 25%
No. 3,367of 33,687
Better than 90%
All companies of type A/S18,025 companies in the comparison
No. 15,838of 17,786
Better than 11%
No. 8,138of 18,024
Better than 55%

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

Management of real estate on a contract basis
Gross profit
  1. Kartago Capital A/SDKK 802k
  2. Balder Danmark A/SDKK 615.8m
  3. Deas A/SDKK 348.2m
Net profit
  1. Kartago Capital A/S−DKK 7m
  2. Balder Danmark A/SDKK 765.8m
  3. Deas A/S−DKK 84.5m
Equity
  1. Kartago Capital A/SDKK 11.6m
  2. Balder Danmark A/SDKK 6.4bn
  3. Deas A/SDKK 45.9m
Employees
  1. Kartago Capital A/S11
  2. Balder Danmark A/S108
  3. Deas A/S503

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
Kartago Capital A/S

Management

4 active registrations

Executive management

Executive management at Kartago Capital A/S
NameRoleAppointed
Alexander ThygesenCEO06/01/2023

Board of directors

Board of directors at Kartago Capital A/S
NameRoleAppointed
Hans ThygesenChair of the board01/10/2019
Alexander ThygesenBoard member16/06/2023
Kristoffer ThygesenBoard member11/06/2026
Founders
Kartago Property ApS
Former management (7)
Former management at Kartago Capital A/S
NameRoleAppointedResigned
Michael HansenDirector01/10/201901/08/2022
Walther ThygesenBoard member01/10/201912/03/2020
Alexander ThygesenBoard member01/10/201906/01/2023
Ole KrabbeBoard member12/03/202001/08/2022
Michael HansenBoard member01/08/202211/06/2026
Jesper SvendsenDirector01/08/202206/01/2023
Ole KrabbeBoard member06/01/202316/06/2023

Signing rule: Selskabet tegnes af direktøren og bestyrelsesformanden i forening eller af bestyrelsesformanden og et bestyrelsesmedlem i forening.

Address and production units

1 active production units

Mosehøjvej 17
2920 Charlottenlund

Gentofte Municipality · Postcode 2920

Other companies at the address (2)

Production units
Production unitAddressEmployeesP number
Kartago Capital A/SMosehøjvej 17, 2920 Charlottenlund131025131467

Purpose

Selskabets formål er at drive administrationsvirksomhed, udbydervirksomhed, salg af strukturerede finansielle produkter baseret på ejendomme, ejendoms- og selskabsadministrationsvirksomhed og at eje og administrere ejendomme og hermed beslægtet aktivitet.

The purpose is quoted from the register in Danish.

Changes year by year

35 registered events
20269 changesaccounts 1 · management 2 · ownership 6
  • Annual report for 2025 published
  • Kristoffer Thygesen appointed board member
  • Michael Hansen stepped down as board member
  • Administrationsselskabet Gambit ApS registered as owner (33.33%)
  • Administrationsselskabet Gambit ApS is no longer registered as owner
  • Administrationsselskabet Gambit ApS registered as owner (33.33%)
  • KARTAGO PROPERTY ApS registered as owner (50%)
  • Administrationsselskabet Gambit ApS is no longer registered as owner
  • KARTAGO PROPERTY ApS is no longer registered as owner
20251 changeaccounts 1
  • Annual report for 2024 published
20241 changeaccounts 1
  • Annual report for 2023 published
20237 changesaccounts 1 · management 6
  • Annual report for 2022 published
  • Alexander Thygesen appointed board member
  • Ole Krabbe stepped down as board member
  • Ole Krabbe appointed board member
  • Alexander Thygesen appointed ceo
  • Jesper Svendsen stepped down as director
  • Alexander Thygesen stepped down as board member
20225 changesmanagement 4 · accounts 1
  • Jesper Svendsen appointed director
  • Michael Hansen appointed board member
  • Ole Krabbe stepped down as board member
  • Michael Hansen stepped down as director
  • Annual report for 2021 published
20214 changesownership 3 · accounts 1
  • Administrationsselskabet Gambit ApS registered as owner (33.33%)
  • KARTAGO PROPERTY ApS registered as owner (50%)
  • KARTAGO PROPERTY ApS is no longer registered as owner
  • Annual report for 2020 published
20202 changesmanagement 2
  • Ole Krabbe appointed board member
  • Walther Thygesen stepped down as board member
20196 changesfounded 1 · management 4 · ownership 1
  • Registered as Kartago Capital A/S
  • Michael Hansen appointed director
  • Hans Thygesen appointed chair of the board
  • Alexander Thygesen appointed board member
  • Walther Thygesen appointed board member
  • KARTAGO PROPERTY ApS registered as owner (100%)

Related companies

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