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LMTN Holding ApS

Private limited companyCVR 19482189Odense NActive

LMTN Holding ApS is a private limited company, based in Odense N, active in non-financial holding companies, founded in 1996. The company made a loss in both 2025 and 2026, most recently DKK 131k.

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Key figures · financial year 2026

Gross profit−DKK 46,833+69.9% vs. 2025
Net profit−DKK 131k−159.6% vs. 2025
EquityDKK 73.4m−0.2% vs. 2025
Employees2latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2026 against 2025

  • The loss grew: from DKK 50,272 to DKK 131k (2025 → 2026).

Employees

  • 3 fewer employees than a year earlier: 2 (06/2022) against 5 (06/2021).

Management and owners, last 24 months

  • Stepped down: Niclas Nybroe Herstal (board member, 18/08/2025).

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 2021–2026 · amounts in DKK thousand

Equity and net profit

−DKK 20mDKK 0DKK 20mDKK 40mDKK 60mDKK 80m202120222023202420252026
EquityNet profit
Financial figures for LMTN Holding ApS
202120222023202420252026Change
Revenuenot statednot statednot statednot statednot statednot stated–
Gross profit−3501,786−437−71−156−47+69.9%
Operating profit (EBIT)−7541,006−503−2,537−179−116+35.4%
Profit before tax−9,988−719−724−3,091−50−131−159.6%
Net profit−9,604−434−724−3,091−50−131−159.6%
Total assets205,472179,58083,86683,58983,39383,388−0%
Equity77,86877,43576,71073,61973,56973,438−0.2%
Liabilities127,60399,1464,6149,3109,8259,949+1.3%
Cash and cash equivalents116344221197101−94.3%
Average number of employees211000–

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 2021, 2022, 2023, 2024, 2025, 2026: 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 2m202120222023202420252026
Gross profitMedian, the industry (2,138 companies)

Signals from the financial statements

calculated from the 2026 figures

  • Loss for 6 years in a row

    Net result has been negative in 2021–2026.

    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 LMTN Holding ApS
Financial yearPeriodPublishedFigures forDocuments
202601/06/2025 – 31/05/202611/09/2026The companyPDF not statedXBRL
202501/06/2024 – 31/05/202526/09/2025The companyPDF not statedXBRL
202401/06/2023 – 31/05/202401/10/2024The companyPDFXBRL
202301/06/2022 – 31/05/202324/10/2023The companyPDFXBRL
202201/06/2021 – 31/05/202214/11/2022The companyPDFXBRL
202101/06/2020 – 31/05/202104/11/2021The 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
012345610/1911/1912/1901/2002/2003/2004/2005/2006/2007/2008/2009/2010/2011/2012/2001/2102/2103/2104/2105/2106/2107/2108/2109/2110/2111/2112/2101/2202/2203/2204/2205/2206/22
Employees

Position in the industry

2,138 companies in the database

Comparison with the other companies in non-financial holding companies based on the latest financial year.

Gross profit−DKK 46,833No. 1136 of 2,093
Better than 46% of the companies in the industry
EquityDKK 73.4mNo. 698 of 2,138
Better than 67% of the companies in the industry
Number of employees2No. 1714 of 2,138
Better than 20% of the companies in the industry

Industry median: gross profit −DKK 31,805, net profit DKK 701k, equity DKK 32.1m, 1 employees.

DKK 100kDKK 2.1mDKK 44.6mDKK 942.6mDKK 7.2bn
Distribution of gross profit for 820 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. 64,928of 69,742
Better than 7%
No. 2,299of 69,964
Better than 97%
Same industry and fewer than 20 employees2,092 companies in the comparison
No. 1,098of 2,048
Better than 46%
No. 674of 2,092
Better than 68%
Companies that are at least 30 years old10,276 companies in the comparison
No. 9,533of 10,152
Better than 6%
No. 1,563of 10,275
Better than 85%
All companies of type ApS66,508 companies in the comparison
No. 62,387of 66,379
Better than 6%
No. 1,499of 66,505
Better than 98%

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

Non-financial holding companies
Gross profit
  1. LMTN Holding ApS−DKK 46,833
  2. Heartland A/SDKK 19.9bn
  3. Andel A.M.B.A.DKK 5.6bn
Net profit
  1. LMTN Holding ApS−DKK 131k
  2. Heartland A/SDKK 4.9bn
  3. Andel A.M.B.A.−DKK 2.9bn
Equity
  1. LMTN Holding ApSDKK 73.4m
  2. Heartland A/SDKK 39.2bn
  3. Andel A.M.B.A.DKK 29.5bn
Employees
  1. LMTN Holding ApS2
  2. Heartland A/S34
  3. Andel A.M.B.A.28

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
  • Martin Herstal100%
LMTN Holding ApS

Management

3 active registrations

Executive management

Executive management at LMTN Holding ApS
NameRoleAppointed
Martin HerstalCEO10/11/2015

Board of directors

Board of directors at LMTN Holding ApS
NameRoleAppointed
Martin HerstalBoard member18/12/2018
Lotte Baaring HerstalChair of the board18/12/2018
Founders
Martin Herstal
Former management (16)
Former management at LMTN Holding ApS
NameRoleAppointedResigned
Martin HerstalDirector22/08/199609/11/2015
Per SøgaardChair of the board30/10/200821/10/2014
Martin HerstalBoard member30/10/200810/11/2015
Lotte Baaring HerstalBoard member30/10/200817/12/2018
Henrik GrønningBoard member30/10/200823/05/2011
Jan BjærreBoard member31/10/201218/09/2013
Jacob Stig BlombergBoard member31/10/201210/11/2015
Michael SerupChair of the board21/10/201427/04/2015
Peter Eriksen JensenChair of the board01/06/201510/09/2018
Steen Overholdt HansenBoard member01/06/201510/09/2018
Palle LarsenBoard member01/06/201531/10/2016
Jacob Stig BlombergDirector10/11/201527/09/2017
Morten JørgensenBoard member01/03/201604/10/2016
Niclas Nybroe HerstalBoard member23/06/201718/08/2025
Jacob Stig BlombergDirector28/09/201731/10/2017
Tine Seehausen KnudsenBoard member10/09/201818/12/2018

Signing rule: Selskabet tegnes af en direktør alene eller af den samlede bestyrelse.

Address and production units

1 active production units

Store Klaus 10
5270 Odense N

Odense Municipality · Postcode 5270

Production units
Production unitAddressEmployeesP number
LMTN Holding ApSStore Klaus 10, Næsby, 5270 Odense N21003911822

Purpose

Selskabets formål er direkte eller indirekte via besiddelse af kapitalandele i datterselskaber eller associerede virksomheder at drive handel og industri samt anden investerings- og finansieringsvirksomhed. Selskabet leverer efter aftale management- og konsulentydelser til koncernforbundne selskaber.

The purpose is quoted from the register in Danish.

Changes year by year

54 registered events
20261 changeaccounts 1
  • Annual report for 2026 published
20252 changesaccounts 1 · management 1
  • Annual report for 2025 published
  • Niclas Nybroe Herstal stepped down as board member
20241 changeaccounts 1
  • Annual report for 2024 published
20232 changesaccounts 1 · merger 1
  • Annual report for 2023 published
  • Merger registered in CVR
20221 changeaccounts 1
  • Annual report for 2022 published
20211 changeaccounts 1
  • Annual report for 2021 published
20191 changeaddress 1
  • Moved to Store Klaus 10, Næsby, 5270 Odense N
20189 changesmanagement 7 · name 1 · address 1
  • Martin Herstal appointed board member
  • Lotte Baaring Herstal appointed chair of the board
  • Tine Seehausen Knudsen stepped down as board member
  • Lotte Baaring Herstal stepped down as board member
  • Tine Seehausen Knudsen appointed board member
  • Steen Overholdt Hansen stepped down as board member
  • Peter Eriksen Jensen stepped down as chair of the board
  • Name changed from HERSTAL HOLDING ApS to LMTN Holding ApS
  • Moved to Rødegårdsvej 209C, 1, 5230 Odense M
20175 changesmanagement 4 · address 1
  • Jacob Stig Blomberg stepped down as director
  • Jacob Stig Blomberg appointed director
  • Jacob Stig Blomberg stepped down as director
  • Niclas Nybroe Herstal appointed board member
  • Moved to Rødegårdsvej 209C, 1, 5230 Odense M
20164 changesmanagement 3 · address 1
  • Palle Larsen stepped down as board member
  • Morten Jørgensen stepped down as board member
  • Moved to Telehøjen 1, Holluf Pile, 5220 Odense SØ
  • Morten Jørgensen appointed board member
20159 changesmanagement 9
  • Martin Herstal appointed ceo
  • Jacob Stig Blomberg appointed director
  • Jacob Stig Blomberg stepped down as board member
  • Martin Herstal stepped down as board member
  • Martin Herstal stepped down as director
  • Steen Overholdt Hansen appointed board member
  • Peter Eriksen Jensen appointed chair of the board
  • Palle Larsen appointed board member
  • Michael Serup stepped down as chair of the board
20143 changesmanagement 2 · industry 1
  • Michael Serup appointed chair of the board
  • Per Søgaard stepped down as chair of the board
  • Industry changed to Ikke-finansielle holdingselskaber (642020)
20131 changemanagement 1
  • Jan Bjærre stepped down as board member
20122 changesmanagement 2
  • Jacob Stig Blomberg appointed board member
  • Jan Bjærre appointed board member
20111 changemanagement 1
  • Henrik Grønning stepped down as board member
20085 changesmanagement 4 · industry 1
  • Martin Herstal appointed board member
  • Per Søgaard appointed chair of the board
  • Henrik Grønning appointed board member
  • Lotte Baaring Herstal appointed board member
  • Industry changed to Virksomhedsrådgivning og anden rådgivning om driftsledelse (702200)
20031 changeindustry 1
  • Industry changed to Ikke-finansielle holdingselskaber (741500)
20002 changesaddress 2
  • Moved to Datavej 3, Holluf Pile, 5220 Odense SØ
  • Moved to Stenhuggervej 7-9, 5230 Odense M
19963 changesfounded 1 · management 1 · ownership 1
  • Registered as HERSTAL HOLDING ApS
  • Martin Herstal appointed director
  • Martin Herstal registered as owner (100%)

Related companies

Same industry in Odense

See all →

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