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Keystone Investment Management A/S

Public limited companyCVR 32318827København KActive

Keystone Investment Management A/S is a public limited company, based in København K, active in real estate agencies, founded in 2013. Net profit rose 822% from 2024 to 2025, ending at DKK 15.8m. Profit has grown three years in a row. With 21 employees, the company is about 5 times larger than the industry median.

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Key figures · financial year 2025

Gross profitDKK 31.6m+49.3% vs. 2024
Net profitDKK 15.8m+822% vs. 2024
EquityDKK 17.5m−1% vs. 2024
Employees21latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Gross profit rose 49% (2024 → 2025), to DKK 31.6m.
  • Net profit rose 822% (2024 → 2025), to DKK 15.8m.

Management and owners, last 24 months

  • New owners registered: JG RE HoldCo ApS (01/01/2026).
  • No longer registered as owner: JG RE HoldCo ApS (31/12/2025).

Registrations, last 24 months

  • 09/06/2025: Merger registered in CVR
  • 04/06/2025: Merger registered in CVR
  • 01/01/2025: Industry changed to Real estate agencies (683110)

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 5mDKK 10mDKK 15mDKK 20mDKK 25mDKK 30mDKK 35m202020212022202320242025
EquityNet profit
Financial figures for Keystone Investment Management A/S
202020212022202320242025Change
Revenuenot statednot statednot statednot statednot statednot stated–
Gross profit11,81317,29621,76220,51821,14131,560+49.3%
Operating profit (EBIT)4182,7543,2062,5792,3338,924+282.5%
Profit before tax20,89626,0494,7971,3362,35417,843+658.1%
Net profit20,74025,3674,0396481,71615,826+822%
Total assets22,63940,17223,91421,90622,81125,425+11.5%
Equity15,33133,70615,27515,92317,63917,466−1%
Liabilities7,2946,4668,6065,9535,1357,957+54.9%
Cash and cash equivalents4,96526,6345,6116,7608,6577,595−12.3%
Average number of employees121519191920+5.3%

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 30m202020212022202320242025
Gross profitMedian, the industry (740 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 Keystone Investment Management A/S
Financial yearPeriodPublishedFigures forDocuments
202501/01/2025 – 31/12/202526/05/2026The companyPDF not statedXBRL
202401/01/2024 – 31/12/202408/05/2025The companyPDFXBRL
202301/01/2023 – 31/12/202324/05/2024The companyPDFXBRL
202201/01/2022 – 31/12/202214/06/2023The companyPDFXBRL
202101/01/2021 – 31/12/202102/06/2022The companyPDFXBRL
202001/01/2020 – 31/12/202027/05/2021The 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
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

740 companies in the database

Comparison with the other companies in real estate agencies based on the latest financial year.

Gross profitDKK 31.6mNo. 13 of 740
Better than 98% of the companies in the industry
EquityDKK 17.5mNo. 16 of 740
Better than 98% of the companies in the industry
Number of employees21No. 23 of 740
Better than 97% of the companies in the industry

Industry median: gross profit DKK 3.3m, net profit DKK 677k, equity DKK 1.1m, 4 employees.

DKK 100kDKK 648kDKK 4.2mDKK 27.3mDKK 94.8mHere
Distribution of gross profit for 711 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. 1,226of 9,892
Better than 88%
No. 1,976of 9,922
Better than 80%
Same industry and 20–49 employees32 companies in the comparison
No. 7of 32
Better than 81%
No. 3of 32
Better than 94%
Companies that are between 5 and 14 years old33,688 companies in the comparison
No. 1,211of 33,588
Better than 96%
No. 2,546of 33,687
Better than 92%
All companies of type A/S18,025 companies in the comparison
No. 4,236of 17,786
Better than 76%
No. 6,657of 18,024
Better than 63%

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

Real estate agencies
Gross profit
  1. Keystone Investment Management A/SDKK 31.6m
  2. Colliers International Danmark A/SDKK 176.7m
  3. Ejendomsmægleraktieselskabet Poul Erik BechDKK 138.7m
Net profit
  1. Keystone Investment Management A/SDKK 15.8m
  2. Colliers International Danmark A/SDKK 2m
  3. Ejendomsmægleraktieselskabet Poul Erik BechDKK 54.3m
Equity
  1. Keystone Investment Management A/SDKK 17.5m
  2. Colliers International Danmark A/SDKK 103.9m
  3. Ejendomsmægleraktieselskabet Poul Erik BechDKK 105.5m
Employees
  1. Keystone Investment Management A/S21
  2. Colliers International Danmark A/S166
  3. Ejendomsmægleraktieselskabet Poul Erik Bech281

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
  • TM RE HoldCo ApS15%
  • Ju Ma Ni ApS15%
  • Keystone Partner Holding I ApS20%
  • Sennecker Holding ApS33.33%
  • JG RE HoldCo ApS15%
Keystone Investment Management A/S

Management

5 active registrations

Executive management

Executive management at Keystone Investment Management A/S
NameRoleAppointed
Morten Sennecker SchultzDirector23/04/2013

Board of directors

Board of directors at Keystone Investment Management A/S
NameRoleAppointed
Morten Sennecker SchultzBoard member23/04/2013
Peter WintherChair of the board23/04/2013
Carsten Gørtz PetersenBoard member09/11/2021
Maja HesselbergBoard member12/06/2023
Founders
Sennecker Holding ApS, Keystone Partner Holding II ApS
Former management (2)
Former management at Keystone Investment Management A/S
NameRoleAppointedResigned
Jan KristensenBoard member23/04/201314/08/2024
Mette Kristine EriksenBoard member06/05/201512/06/2023

Signing rule: Selskabet tegnes af to medlemmer af bestyrelsen i forening.

Address and production units

1 active production units

Havnegade 25
1058 København K

København Municipality · Postcode 1058

Production units
Production unitAddressEmployeesP number
KEYSTONE INVESTMENT MANAGEMENT A/SHavnegade 25, 2, 1058 København K211018441221

Purpose

Selskabets formål er at drive virksomhed med rådgivning relateret til ejendomsinvestering og -administration, herunder køb, salg og udvikling af ejendomsporteføljer og anden i forbindelse hermed stående virksomhed.

The purpose is quoted from the register in Danish.

Changes year by year

54 registered events
20262 changesaccounts 1 · ownership 1
  • Annual report for 2025 published
  • JG RE HoldCo ApS registered as owner (15%)
20255 changesownership 1 · merger 2 · accounts 1 · industry 1
  • JG RE HoldCo ApS is no longer registered as owner
  • Merger registered in CVR
  • Merger registered in CVR
  • Annual report for 2024 published
  • Industry changed to Real estate agencies (683110)
20243 changesmanagement 1 · accounts 1 · ownership 1
  • Jan Kristensen stepped down as board member
  • Annual report for 2023 published
  • JG RE HoldCo ApS registered as owner (10%)
20236 changesownership 3 · accounts 1 · management 2
  • SENNECKER HOLDING ApS registered as owner (33.33%)
  • Mette Eriksen Holding Aps is no longer registered as owner
  • SENNECKER HOLDING ApS is no longer registered as owner
  • Annual report for 2022 published
  • Maja Hesselberg appointed board member
  • Mette Kristine Eriksen stepped down as board member
20221 changeaccounts 1
  • Annual report for 2021 published
20218 changesmanagement 1 · ownership 6 · accounts 1
  • Carsten Gørtz Petersen appointed board member
  • TM RE HoldCo ApS registered as owner (15%)
  • Keystone Partner Holding I ApS registered as owner (20%)
  • SENNECKER HOLDING ApS registered as owner (33.33%)
  • JU MA NI ApS registered as owner (15%)
  • Keystone Partner Holding II ApS is no longer registered as owner
  • Keystone Partner Holding I ApS is no longer registered as owner
  • Annual report for 2020 published
20206 changesaddress 1 · ownership 5
  • Moved to Havnegade 25, 2, 1058 København K
  • Keystone Partner Holding II ApS registered as owner (50%)
  • Mette Eriksen Holding Aps registered as owner (15%)
  • Keystone Partner Holding I ApS registered as owner (25%)
  • Mette Eriksen Holding Aps is no longer registered as owner
  • Keystone Partner Holding II ApS is no longer registered as owner
20187 changesownership 7
  • Mette Eriksen Holding Aps registered as owner (10%)
  • Mette Eriksen Holding Aps is no longer registered as owner
  • Keystone Partner Holding II ApS registered as owner (90%)
  • SADOLIN & ALBÆK PARTNER ApS is no longer registered as owner
  • SENNECKER HOLDING ApS is no longer registered as owner
  • SADOLIN & ALBÆK PARTNER ApS registered as owner (33.33%)
  • SADOLIN & ALBÆK A/S is no longer registered as owner
20162 changesownership 2
  • SADOLIN & ALBÆK A/S registered as owner (33.33%)
  • Keystone Partner Holding II ApS is no longer registered as owner
20156 changesownership 5 · management 1
  • SENNECKER HOLDING ApS registered as owner (33.33%)
  • Mette Eriksen Holding Aps registered as owner (5%)
  • Keystone Partner Holding II ApS registered as owner (33.33%)
  • Keystone Partner Holding II ApS is no longer registered as owner
  • SENNECKER HOLDING ApS is no longer registered as owner
  • Mette Kristine Eriksen appointed board member
20138 changesindustry 1 · founded 1 · management 4 · ownership 2
  • Industry changed to Real estate agencies (683110)
  • Registered as KEYSTONE INVESTMENT MANAGEMENT A/S
  • Peter Winther appointed chair of the board
  • Morten Sennecker Schultz appointed director
  • Morten Sennecker Schultz appointed board member
  • Jan Kristensen appointed board member
  • Keystone Partner Holding II ApS registered as owner (50%)
  • SENNECKER HOLDING ApS registered as owner (50%)

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.

View in CVRReport a correction