Kartago Property ApS

Private limited companyCVR 32299644CharlottenlundActive

Kartago Property ApS is a private limited company, based in Charlottenlund, active in investment on own account, founded in 2009. The company went from a profit in 2024 to a loss of DKK 20m in 2025. With 4 employees, the company is about 4 times larger than the industry median. Gross profit is higher than that of 96% of the companies in the industry in the database.

PDF report Compare

Key figures · financial year 2025

RevenueDKK 66.8m−0.9% vs. 2024

Net profit−DKK 20m−532.3% vs. 2024

EquityDKK 915.7m−13.3% vs. 2024

Employees4latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

Gross profit fell 6% (2024 → 2025), to DKK 47.5m.
Net profit went from a profit of DKK 4.6m to a loss of DKK 20m (2024 → 2025).
Equity fell 13% (2024 → 2025), to DKK 915.7m.

Management and owners, last 24 months

New in management: Alexander Thygesen (director, 28/07/2026), Kristoffer Thygesen (board member, 28/07/2026) and Michael Hansen (board member, 16/12/2025).
Stepped down: Michael Hansen (director, 28/07/2026), Walther Thygesen (director, 25/11/2025) and Walther Thygesen (board member, 25/11/2025) (+1).

Registrations, last 24 months

01/01/2025: Industry changed to Investment on own account (649910)

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

EquityNet profit

Financial figures for Kartago Property ApS
	2020	2021	2022	2023	2024	2025	Change
Revenue	70,434	74,508	69,087	67,316	67,448	66,817	−0.9%
Gross profit	53,404	54,055	44,505	47,750	50,406	47,459	−5.8%
Operating profit (EBIT)	28,732	158,320	−12,578	12,640	21,406	−10,813	−150.5%
Profit before tax	42,407	130,730	−32,448	12,640	5,969	−18,684	−413%
Net profit	28,440	104,292	−29,200	10,346	4,626	−19,997	−532.3%
Total assets	1,517,745	1,628,908	1,518,564	1,511,728	1,443,179	1,460,553	+1.2%
Equity	961,812	1,065,751	1,025,916	1,038,209	1,056,530	915,666	−13.3%
Liabilities	435,527	433,750	361,915	342,203	256,145	413,981	+61.6%
Cash and cash equivalents	71,802	96,260	113,551	75,042	55,213	27,032	−51%
Average number of employees	5	8	12	16	14	17	+21.4%

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.

Download the figures as CSV · free with an account, amounts in whole DKK

Compare with the industry (655 companies)

Gross profitMedian, the industry (655 companies)

Annual reports

6 financial years

Annual reports for Kartago Property ApS
Financial year	Period	Published	Figures for	Documents
2025	01/01/2025 – 31/12/2025	30/06/2026	The group	PDF not statedXBRL
2024	01/01/2024 – 31/12/2024	27/06/2025	The group	PDF XBRL
2023	01/01/2023 – 31/12/2023	28/06/2024	The group	PDF XBRL
2022	01/01/2022 – 31/12/2022	30/06/2023	The group	PDF XBRL
2021	01/01/2021 – 31/12/2021	30/06/2022	The group	PDF XBRL
2020	01/01/2020 – 31/12/2020	05/07/2021	The group	PDF XBRL

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

Employees

Position in the industry

655 companies in the database

Comparison with the other companies in investment on own account based on the latest financial year.

Gross profitDKK 47.5mNo. 27 of 623

Better than 96% of the companies in the industry

EquityDKK 915.7mNo. 31 of 655

Better than 95% of the companies in the industry

Number of employees4No. 27 of 655

Better than 96% of the companies in the industry

Industry median: gross profit −DKK 36,065, net profit DKK 364k, equity DKK 22.5m, 1 employees.

Distribution of gross profit for 255 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
Group	Gross profit	Equity
Companies with fewer than 20 employees69,967 companies in the comparison	No. 559of 69,742 Better than 99%	No. 246of 69,964 Better than 100%
Same industry and fewer than 20 employees636 companies in the comparison	No. 24of 606 Better than 96%	No. 30of 636 Better than 95%
Companies that are between 15 and 29 years old24,910 companies in the comparison	No. 1,501of 24,791 Better than 94%	No. 226of 24,909 Better than 99%
All companies of type ApS66,508 companies in the comparison	No. 767of 66,379 Better than 99%	No. 116of 66,505 Better than 100%

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

Investment on own account

Gross profit

Kartago Property ApSDKK 47.5m
Obton A/SDKK 876.4m
MS2 Holding ApSDKK 841.3m

Net profit

Kartago Property ApS−DKK 20m
Obton A/SDKK 463.9m
MS2 Holding ApSDKK 136.9m

Equity

Kartago Property ApSDKK 915.7m
Obton A/S−DKK 219.2m
MS2 Holding ApSDKK 1.2bn

Employees

Kartago Property ApS4
Obton A/S11
MS2 Holding ApS7

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 Development ApS15% · 0% votes
Drot ApS33.33% · 50% votes
Marsk ApS33.33% · 50% votes
Kartago Property ApS5% · 0% votes

Kartago Property ApS

Subsidiaries and ownership shares

Subsidiaries are shown only if they are in the database.

Management

4 active registrations

Executive management

Executive management at Kartago Property ApS
Name	Role	Appointed
Alexander Thygesen	Director	28/07/2026

Board of directors

Board of directors at Kartago Property ApS
Name	Role	Appointed
Alexander Thygesen	Board member	08/12/2014
Hans Thygesen	Chair of the board	21/06/2021
Kristoffer Thygesen	Board member	28/07/2026

Auditor: Martinsen Statsautoriseret Revisionspartnerselskab
Founders: Rkb Holding ApS, Ejendomsselskabet af 19.10.2004 ApS, KARTAGO af 20.12.2018 ApS

Former management (8)

Former management at Kartago Property ApS
Name	Role	Appointed	Resigned
Michael Hansen	Board member	07/10/2009	30/04/2020
Michael Hansen	Director	07/10/2009	28/07/2026
Hans Thygesen	Chair of the board	07/10/2009	13/06/2017
Peter Kureer	Board member	07/10/2009	08/12/2014
Walther Thygesen	Director	13/01/2015	25/11/2025
Walther Thygesen	Board member	13/06/2017	25/11/2025
Jutta Steinert	Board member	30/04/2020	21/06/2021
Michael Hansen	Board member	16/12/2025	28/07/2026

Signing rule: Selskabet tegnes af bestyrelsesformanden i forening med en direktør eller af 2 direktører eller af den samlede bestyrelse.

Address and production units

1 active production units

Mosehøjvej 17
2920 Charlottenlund

Gentofte Municipality · Postcode 2920

Other companies at the address (2)

Kartago Capital A/SManagement of real estate on a contract basis
German High Street Properties A/SNon-financial holding companies

Production units
Production unit	Address	Industry	Employees	P number
KARTAGO PROPERTY ApS	Mosehøjvej 17, 2920 Charlottenlund	Investment on own account	4	1015584226

Purpose

Selskabets formål er direkte og indirekte investering, udvikling, forvaltning og administration af fast ejendom samt hermed beslægtet virksomhed.

The purpose is quoted from the register in Danish.

Changes year by year

42 registered events

22015

02016

32017

32018

02019

22020

42021

12022

12023

12024

52025

52026

20265 changesmanagement 4 · accounts 1

28/07ManagementKristoffer Thygesen appointed board member
28/07ManagementAlexander Thygesen appointed director
28/07ManagementMichael Hansen stepped down as board member
28/07ManagementMichael Hansen stepped down as director
30/06AccountsAnnual report for 2025 published

20255 changesmanagement 3 · accounts 1 · industry 1

16/12ManagementMichael Hansen appointed board member
25/11ManagementWalther Thygesen stepped down as board member
25/11ManagementWalther Thygesen stepped down as director
27/06AccountsAnnual report for 2024 published
01/01IndustryIndustry changed to Investment on own account (649910)

20241 changeaccounts 1

28/06AccountsAnnual report for 2023 published

20231 changeaccounts 1

30/06AccountsAnnual report for 2022 published

20221 changeaccounts 1

30/06AccountsAnnual report for 2021 published

20214 changesmerger 1 · accounts 1 · management 2

14/12MergerMerger registered in CVR
05/07AccountsAnnual report for 2020 published
21/06ManagementHans Thygesen appointed chair of the board
21/06ManagementJutta Steinert stepped down as board member

20202 changesmanagement 2

30/04ManagementJutta Steinert appointed board member
30/04ManagementMichael Hansen stepped down as board member

20183 changesownership 1 · merger 2

31/12OwnershipKARTAGO PROPERTY ApS registered as owner (5%)
21/12MergerMerger registered in CVR
11/10MergerMerger registered in CVR

20173 changesmanagement 2 · address 1

13/06ManagementWalther Thygesen appointed board member
13/06ManagementHans Thygesen stepped down as chair of the board
18/05AddressMoved to Mosehøjvej 17, 2920 Charlottenlund

20152 changesname 1 · management 1

10/08NameName changed from KARTAGO PROPERTY A/S to KARTAGO PROPERTY ApS
13/01ManagementWalther Thygesen appointed director

20142 changesmanagement 2

08/12ManagementAlexander Thygesen appointed board member
08/12ManagementPeter Kureer stepped down as board member

20134 changescapital 1 · ownership 3

10/05CapitalShare capital changed from 125,000,000 DKK to 210,000,000 DKK
10/05OwnershipKARTAGO DEVELOPMENT ApS registered as owner (15%)
10/05OwnershipDROT ApS registered as owner (33.33%)
10/05OwnershipMARSK ApS registered as owner (33.33%)

20121 changeaddress 1

28/02AddressMoved to Mosehøjvej 17, 2920 Charlottenlund

20111 changecapital 1

20/08CapitalShare capital changed from 3,000,000 DKK to 125,000,000 DKK

20102 changesaddress 1 · name 1

22/07AddressMoved to Mosehøjvej 17, 2920 Charlottenlund
11/07NameName changed from INVESTEA PROPERTY A/S to KARTAGO PROPERTY A/S

20095 changesfounded 1 · management 4

07/10FoundedRegistered as INVESTEA PROPERTY A/S
07/10ManagementMichael Hansen appointed board member
07/10ManagementPeter Kureer appointed board member
07/10ManagementHans Thygesen appointed chair of the board
07/10ManagementMichael Hansen appointed director

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Same people in management

Novozymes A/Svia Walther Thygesen
Royal Unibrew A/Svia Walther Thygesen
Thrane & Thrane A/Svia Walther Thygesen
Hewlett-packard ApSvia Walther Thygesen
Asetek Danmark A/Svia Hans Thygesen
Sonion A/Svia Walther Thygesen

Largest in the industry

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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.

View in CVR Report a correction