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KiteX ApS

Private limited companyCVR 38029126AllerødActive

KiteX ApS is a private limited company, based in Allerød, active in research and experimental development on natural sciences and engineering, founded in 2016. The company made a loss in both 2024 and 2025, most recently DKK 949k. Equity grew to DKK 3.3m in 2025.

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Key figures · financial year 2025

Gross profitDKK 2.1m+20.8% vs. 2024
Net profit−DKK 949k+23.2% vs. 2024
EquityDKK 3.3m+983.8% vs. 2024
Employees4latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Gross profit rose 21% (2024 → 2025), to DKK 2.1m.
  • The loss got smaller: from DKK 1.2m to DKK 949k (2024 → 2025).
  • Equity rose 984% (2024 → 2025), to DKK 3.3m.

Employees

  • 1 fewer employees than a year earlier: 4 (07/2026) against 5 (07/2025).

Management and owners, last 24 months

  • New in management: Santosh Kumar Govindaraju (board member, 26/06/2025).
  • Stepped down: Christoffer Sigshøj (director, 30/11/2025) and Nils Gustaf Kugelberg (board member, 26/06/2025).
  • New owners registered: Lets Kick A/S (19/09/2025), Bruun Okholm Holding ApS (19/09/2025) and Chris Capital ApS (19/09/2025).
  • No longer registered as owner: Unfair Advantage AB (24/09/2026), Lets Kick A/S (18/09/2025) and Bruun Okholm Holding ApS (18/09/2025) (+1).

Registrations, last 24 months

  • 24/09/2026: Share capital changed from 93,686 DKK to 96,924 DKK
  • 31/05/2026: Share capital changed from 84,959 DKK to 93,686 DKK
  • 19/09/2025: Share capital changed from 73,492 DKK to 84,959 DKK
  • 05/05/2025: Moved to Solvang 8, 3450 Allerød
  • 01/01/2025: Industry changed to Research and experimental development on natural sciences and engineering (721000)

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 2m−DKK 1mDKK 0DKK 1mDKK 2mDKK 3m202020212022202320242025
EquityNet profit
Financial figures for KiteX ApS
202020212022202320242025Change
Revenuenot statednot statednot statednot statednot statednot stated–
Gross profit1,249−2306204771,7122,068+20.8%
Operating profit (EBIT)374−767305−1,559−1,348−857+36.4%
Profit before tax368−775292−1,642−1,707−1,323+22.5%
Net profit293−634336−1,322−1,235−949+23.2%
Total assets6063638203,8665,4587,975+46.1%
Equity136−497−1421,5363003,252+983.8%
Liabilities4698609382,3315,0964,623−9.3%
Cash and cash equivalents40144271,156258223−13.5%
Average number of employees333675−28.6%

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 500kDKK 0DKK 500kDKK 1mDKK 1.5mDKK 2m202020212022202320242025
Gross profitMedian, the industry (431 companies)

Signals from the financial statements

calculated from the 2025 figures

  • Loss for 3 years in a row

    Net result has been negative in 2023–2025.

    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 KiteX ApS
Financial yearPeriodPublishedFigures forDocuments
202501/01/2025 – 31/12/202529/06/2026The companyPDF not statedXBRL
202401/01/2024 – 31/12/202430/06/2025The companyPDFXBRL
202301/01/2023 – 31/12/202324/05/2024The companyPDFXBRL
202201/01/2022 – 31/12/202208/05/2023The companyPDFXBRL
202101/01/2021 – 31/12/202117/06/2022The companyPDFXBRL
202001/01/2020 – 31/12/202009/04/2021The 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
024681008/2309/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/26
Employees

Position in the industry

431 companies in the database

Comparison with the other companies in research and experimental development on natural sciences and engineering based on the latest financial year.

Gross profitDKK 2.1mNo. 158 of 421
Better than 63% of the companies in the industry
EquityDKK 3.3mNo. 198 of 431
Better than 54% of the companies in the industry
Number of employees4No. 203 of 431
Better than 53% of the companies in the industry

Industry median: gross profit DKK 616k, net profit −DKK 892k, equity DKK 2m, 5 employees.

DKK 100kDKK 2.5mDKK 63.4mDKK 1.6bnDKK 13.7bnHere
Distribution of gross profit for 250 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. 30,270of 69,742
Better than 57%
No. 18,438of 69,964
Better than 74%
Same industry and fewer than 20 employees329 companies in the comparison
No. 87of 323
Better than 73%
No. 112of 329
Better than 66%
Companies that are between 5 and 14 years old33,688 companies in the comparison
No. 16,604of 33,588
Better than 51%
No. 8,027of 33,687
Better than 76%
All companies of type ApS66,508 companies in the comparison
No. 29,387of 66,379
Better than 56%
No. 15,029of 66,505
Better than 77%

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

Research and experimental development on natural sciences and engineering
Gross profit
  1. KiteX ApSDKK 2.1m
  2. Carlsberg A/SDKK 40.2bn
  3. Zealand Pharma A/SDKK 9.2bn
Net profit
  1. KiteX ApS−DKK 949k
  2. Carlsberg A/SDKK 7bn
  3. Zealand Pharma A/SDKK 6.5bn
Equity
  1. KiteX ApSDKK 3.3m
  2. Carlsberg A/SDKK 30.7bn
  3. Zealand Pharma A/SDKK 14.8bn
Employees
  1. KiteX ApS4
  2. Carlsberg A/S107
  3. Zealand Pharma A/S569

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
  • Lets Kick A/S15%
  • Bruun Okholm Holding ApS33.33%
  • Chris Capital ApS10%
KiteX ApS

Management

4 active registrations

Executive management

Executive management at KiteX ApS
NameRoleAppointed
Andreas Bruun OkholmCEO22/09/2016

Board of directors

Board of directors at KiteX ApS
NameRoleAppointed
Andreas Bruun OkholmBoard member15/05/2023
Anders Borne FauerskovChair of the board15/05/2023
Santosh Kumar GovindarajuBoard member26/06/2025
Founders
Andreas Bruun Okholm
Former management (2)
Former management at KiteX ApS
NameRoleAppointedResigned
Christoffer SigshøjDirector15/05/202330/11/2025
Nils Gustaf KugelbergBoard member15/05/202326/06/2025

Signing rule: Selskabet tegnes af bestyrelsens formand i forening med en af selskabets direktører eller af den samlede bestyrelse.

Address and production units

2 active production units

Solvang 8
3450 Allerød

Allerød Municipality · Postcode 3450

Production units
Production unitAddressEmployeesP number
KiteX HQSolvang 8, 3450 Allerød41028515428
KiteX FieldFrederiksborgvej 399, Himmelev, 4000 Roskilde31021773359

Purpose

Selskabets formål er at udvikle og kommercialisere letvægts-vindmøller og associerede produkter.

The purpose is quoted from the register in Danish.

Changes year by year

53 registered events
20264 changescapital 2 · ownership 1 · accounts 1
  • Share capital changed from 93,686 DKK to 96,924 DKK
  • Unfair Advantage AB is no longer registered as owner
  • Annual report for 2025 published
  • Share capital changed from 84,959 DKK to 93,686 DKK
202513 changesmanagement 3 · capital 1 · ownership 6 · accounts 1 · address 1 · industry 1
  • Christoffer Sigshøj stepped down as director
  • Share capital changed from 73,492 DKK to 84,959 DKK
  • LETS KICK A/S registered as owner (15%)
  • Chris Capital ApS registered as owner (10%)
  • BRUUN OKHOLM HOLDING ApS registered as owner (33.33%)
  • LETS KICK A/S is no longer registered as owner
  • BRUUN OKHOLM HOLDING ApS is no longer registered as owner
  • Chris Capital ApS is no longer registered as owner
  • Annual report for 2024 published
  • Santosh Kumar Govindaraju appointed board member
  • Nils Gustaf Kugelberg stepped down as board member
  • Moved to Solvang 8, 3450 Allerød
  • Industry changed to Research and experimental development on natural sciences and engineering (721000)
20241 changeaccounts 1
  • Annual report for 2023 published
202311 changescapital 1 · management 4 · ownership 5 · accounts 1
  • Share capital changed from 59,268 DKK to 73,492 DKK
  • Christoffer Sigshøj appointed director
  • Nils Gustaf Kugelberg appointed board member
  • Andreas Bruun Okholm appointed board member
  • Anders Borne Fauerskov appointed chair of the board
  • LETS KICK A/S registered as owner (5%)
  • BRUUN OKHOLM HOLDING ApS registered as owner (50%)
  • Chris Capital ApS registered as owner (15%)
  • Chris Capital ApS is no longer registered as owner
  • BRUUN OKHOLM HOLDING ApS is no longer registered as owner
  • Annual report for 2022 published
20227 changescapital 1 · ownership 3 · address 2 · accounts 1
  • Share capital changed from 40,000 DKK to 59,268 DKK
  • Chris Capital ApS registered as owner (20%)
  • Unfair Advantage AB registered as owner (5%)
  • Unfair Advantage AB is no longer registered as owner
  • Moved to Maskinvej 5, 2860 Søborg
  • Annual report for 2021 published
  • Moved to Frederiksborgvej 399, Himmelev, 4000 Roskilde
20213 changesname 1 · capital 1 · accounts 1
  • Name changed from KiteX IVS to KiteX ApS
  • Share capital changed from 1,025 DKK to 40,000 DKK
  • Annual report for 2020 published
20201 changecapital 1
  • Share capital changed from 1,000 DKK to 1,025 DKK
20191 changeaddress 1
  • Moved to Frederiksborgvej 399, Himmelev, 4000 Roskilde
20186 changesaddress 2 · ownership 4
  • Moved to Diplomvej 373A, 2800 Kongens Lyngby
  • Moved to Cumberlandsgade 4, 3. tv, 2300 København S
  • BRUUN OKHOLM HOLDING ApS registered as owner (66.67%)
  • Unfair Advantage AB registered as owner (10%)
  • Unfair Advantage AB is no longer registered as owner
  • BRUUN OKHOLM HOLDING ApS is no longer registered as owner
20173 changescapital 1 · ownership 1 · address 1
  • Share capital changed from 1 DKK to 1,000 DKK
  • Unfair Advantage AB registered as owner (33.33%)
  • Moved to Njalsgade 21G, 7, 2300 København S
20163 changesfounded 1 · management 1 · ownership 1
  • Registered as KiteX IVS
  • Andreas Bruun Okholm appointed ceo
  • BRUUN OKHOLM HOLDING ApS registered as owner (50%)

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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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