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LTG Rail Denmark ApS

Private limited companyCVR 10658284VærløseActive

LTG Rail Denmark ApS is a private limited company, based in Værløse, active in computer programming activities, founded in 1987. Net profit fell 35% from 2025 to 2026, ending at DKK 33.5m. Equity grew to DKK 126m in 2026. Gross profit is higher than that of 93% of the companies in the industry in the database.

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Key figures · financial year 2026

Gross profitDKK 40.4m−32% vs. 2025
Net profitDKK 33.5m−35.2% vs. 2025
EquityDKK 126m+65.5% vs. 2025
Employees10latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2026 against 2025

  • Gross profit fell 32% (2025 → 2026), to DKK 40.4m.
  • Net profit fell 35% (2025 → 2026), to DKK 33.5m.
  • Equity rose 66% (2025 → 2026), to DKK 126m.

Employees

  • 1 more employees than a year earlier: 10 (08/2026) against 9 (08/2025).

Registrations, last 24 months

  • 07/05/2025: Share capital changed from 501,001 DKK to 502,001 DKK

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 80mDKK 100mDKK 120m202120222023202420252026
EquityNet profit
Financial figures for LTG Rail Denmark ApS
202120222023202420252026Change
Revenuenot statednot statednot statednot statednot statednot stated–
Gross profit23,14616,656−2,17411,10059,46840,441−32%
Operating profit (EBIT)–7,437−10,4271,97148,62629,468−39.4%
Profit before tax15,0298,364−7,0882,23656,22834,790−38.1%
Net profit15,3128,364−7,0762,23651,76633,538−35.2%
Total assets132,783145,772147,360159,433205,507153,692−25.2%
Equity42,54350,90722,10824,34476,110125,964+65.5%
Liabilities88,76393,035124,849133,522127,47425,805−79.8%
Cash and cash equivalents4,3663,7915,8125,9542,3241,583−31.9%
Average number of employees151515910100%

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 10mDKK 0DKK 10mDKK 20mDKK 30mDKK 40mDKK 50mDKK 60m202120222023202420252026
Gross profitMedian, the industry (1,661 companies)

Annual reports

6 financial years
Annual reports for LTG Rail Denmark ApS
Financial yearPeriodPublishedFigures forDocuments
202601/03/2025 – 28/02/202610/09/2026The companyPDF not statedXBRL
202501/03/2024 – 28/02/202516/06/2025The companyPDF not statedXBRL
202401/03/2023 – 29/02/202412/09/2024The companyPDFXBRL
202301/03/2022 – 28/02/202330/09/2023The companyPDFXBRL
202201/03/2021 – 28/02/202230/09/2022The companyPDFXBRL
202101/03/2020 – 28/02/202105/08/2021The 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
02468101209/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/2608/26
Employees

Position in the industry

1,661 companies in the database

Comparison with the other companies in computer programming activities based on the latest financial year.

Gross profitDKK 40.4mNo. 118 of 1,656
Better than 93% of the companies in the industry
EquityDKK 126mNo. 33 of 1,661
Better than 98% of the companies in the industry
Number of employees10No. 454 of 1,661
Better than 73% of the companies in the industry

Industry median: gross profit DKK 2.6m, net profit DKK 93,491, equity DKK 1m, 4 employees.

DKK 100kDKK 978kDKK 9.6mDKK 93.7mDKK 428.6mHere
Distribution of gross profit for 1,474 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. 640of 69,742
Better than 99%
No. 1,505of 69,964
Better than 98%
Same industry and fewer than 20 employees1,365 companies in the comparison
No. 7of 1,363
Better than 100%
No. 8of 1,365
Better than 99%
Companies that are at least 30 years old10,276 companies in the comparison
No. 1,750of 10,152
Better than 83%
No. 1,083of 10,275
Better than 89%
All companies of type ApS66,508 companies in the comparison
No. 957of 66,379
Better than 99%
No. 899of 66,505
Better than 99%

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

Computer programming activities
Gross profit
  1. LTG Rail Denmark ApSDKK 40.4m
  2. Stibo Systems A/SDKK 916.6m
  3. Trackunit ApSDKK 897.1m
Net profit
  1. LTG Rail Denmark ApSDKK 33.5m
  2. Stibo Systems A/SDKK 155.9m
  3. Trackunit ApSDKK 206.3m
Equity
  1. LTG Rail Denmark ApSDKK 126m
  2. Stibo Systems A/SDKK 309.7m
  3. Trackunit ApSDKK 1.7bn
Employees
  1. LTG Rail Denmark ApS10
  2. Stibo Systems A/S201
  3. Trackunit ApS249

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
  • DRI Europa Aktiebolag100%
LTG Rail Denmark ApS

Management

1 active registrations

Executive management

Executive management at LTG Rail Denmark ApS
NameRoleAppointed
Marc ChénierDirector21/02/2023
Founders
Per Emil Hasselbalch Stakemann, ApS Hvkmd 5 Nr. 555, Pehsb ApS
Former management (37)
Former management at LTG Rail Denmark ApS
NameRoleAppointedResigned
Peter Andreas LangagerBoard member01/02/198730/07/2002
Ulf Svejgaard PoulsenBoard member01/02/198730/07/1987
Susanne Saul StakemannChair of the board01/02/198730/07/1987
Per Emil Hasselbalch StakemannBoard member01/02/198730/07/1987
Per Emil Hasselbalch StakemannDirector01/02/198730/07/1987
Børge ØsterlundBoard member01/02/198729/09/2000
Jens Østerlund JensenBoard member01/02/198730/07/2002
Jens Østerlund JensenDirector01/02/198726/08/1997
Monika Dora Antje ØsterlundBoard member01/02/198726/08/1997
Jens Gregers JensenBoard member01/02/198730/07/2002
Henrik RaunkjærDirector01/09/199726/06/2002
David Ross OliverChair of the board29/09/200030/09/2001
Avi ZismanChair of the board01/10/200128/04/2015
Kurt Johnny Vilhelm JohanssonBoard member01/10/200130/05/2006
Niels-Henrik HedegaardCEO26/06/200231/10/2009
Niels-Henrik HedegaardBoard member30/07/200210/11/2009
Richard Lee GrenoldsBoard member01/06/200630/11/2008
William Patrick MontagueBoard member01/06/200630/11/2008
Mark Gilbert BarberioBoard member07/08/200630/11/2008
Richard Anthony RosseletBoard member01/12/200828/04/2015
Edward Rae SteeleBoard member11/02/200929/10/2010
Mark Gilbert BarberioBoard member11/02/200929/10/2010
Ernest Clark FullerCEO01/11/200901/12/2014
Andrew Joseph MurrayBoard member10/11/200903/10/2014
Carl CassistaBoard member03/10/201428/04/2015
Per Viggo RasmussenDirector28/11/201426/02/2015
Avi ZismanDirector28/04/201507/12/2018
Carl CassistaDirector28/04/201524/01/2017
Richard Anthony RosseletDirector28/04/201510/09/2019
Danny PellerinDirector24/01/201707/12/2018
Kirk Anthony GoinsDirector07/12/201810/09/2019
Roald Benoit Vincent GrebovalDirector07/12/201810/09/2019
Kirk Anthony GoinsDirector28/10/201921/02/2023
Roald Benoit Vincent GrebovalDirector28/10/201928/02/2020
Richard Anthony RosseletDirector28/10/201928/10/2021
Roald Benoit Vincent GrébovalDirector28/02/202016/12/2022
Rory Nicholas CarrickCEO21/02/202315/09/2023

Signing rule: Selskabet tegnes af et medlem af direktionen, eller af den samlede direktion.

Address and production units

1 active production units

Kirke Værløsevej 14
3500 Værløse

Furesø Municipality · Postcode 3500

Production units
Production unitAddressEmployeesP number
LTG Rail Denmark ApSKirke Værløsevej 14, 1, 3500 Værløse101000113747

Purpose

Selskabets formål er at drive handel, industri, finansiering og service samt al virksomhed, som efter direktionens skøn har forbindelse hermed.

The purpose is quoted from the register in Danish.

Changes year by year

100 registered events
20261 changeaccounts 1
  • Annual report for 2026 published
20252 changesaccounts 1 · capital 1
  • Annual report for 2025 published
  • Share capital changed from 501,001 DKK to 502,001 DKK
20241 changeaccounts 1
  • Annual report for 2024 published
20236 changesaccounts 1 · management 4 · address 1
  • Annual report for 2023 published
  • Rory Nicholas Carrick stepped down as ceo
  • Moved to Kirke Værløsevej 14, 1, 3500 Værløse
  • Marc Chénier appointed director
  • Rory Nicholas Carrick appointed ceo
  • Kirk Anthony Goins stepped down as director
20222 changesmanagement 1 · accounts 1
  • Roald Benoit Vincent Gréboval stepped down as director
  • Annual report for 2022 published
20212 changesmanagement 1 · accounts 1
  • Richard Anthony Rosselet stepped down as director
  • Annual report for 2021 published
20203 changesaddress 1 · management 2
  • Moved to Kirke Værløsevej 14, 1, 3500 Værløse
  • Roald Benoit Vincent Gréboval appointed director
  • Roald Benoit Vincent Greboval stepped down as director
20198 changesstatus 2 · management 6
  • Status changed to active
  • Kirk Anthony Goins appointed director
  • Richard Anthony Rosselet appointed director
  • Roald Benoit Vincent Greboval appointed director
  • Status changed to under compulsory dissolution
  • Kirk Anthony Goins stepped down as director
  • Roald Benoit Vincent Greboval stepped down as director
  • Richard Anthony Rosselet stepped down as director
20185 changesname 1 · management 4
  • Name changed from FOCON ELECTRONIC SYSTEMS ApS to LTG Rail Denmark ApS
  • Kirk Anthony Goins appointed director
  • Roald Benoit Vincent Greboval appointed director
  • Danny Pellerin stepped down as director
  • Avi Zisman stepped down as director
20173 changesaddress 1 · management 2
  • Moved to Ulkebøldam 1, Ulkebøl, 6400 Sønderborg
  • Danny Pellerin appointed director
  • Carl Cassista stepped down as director
20158 changescapital 1 · management 7
  • Share capital changed from 500,001 DKK to 501,001 DKK
  • Carl Cassista appointed director
  • Richard Anthony Rosselet appointed director
  • Avi Zisman appointed director
  • Carl Cassista stepped down as board member
  • Richard Anthony Rosselet stepped down as board member
  • Avi Zisman stepped down as chair of the board
  • Per Viggo Rasmussen stepped down as director
20145 changesmanagement 4 · ownership 1
  • Ernest Clark Fuller stepped down as ceo
  • Per Viggo Rasmussen appointed director
  • Carl Cassista appointed board member
  • Andrew Joseph Murray stepped down as board member
  • DRI Europa Aktiebolag registered as owner (100%)
20111 changecapital 1
  • Share capital changed from 500,000 DKK to 500,001 DKK
20103 changesmanagement 2 · name 1
  • Mark Gilbert Barberio stepped down as board member
  • Edward Rae Steele stepped down as board member
  • Name changed from FOCON ELECTRONIC SYSTEMS A/S to FOCON ELECTRONIC SYSTEMS ApS
20096 changesmanagement 6
  • Andrew Joseph Murray appointed board member
  • Niels-Henrik Hedegaard stepped down as board member
  • Ernest Clark Fuller appointed ceo
  • Niels-Henrik Hedegaard stepped down as ceo
  • Mark Gilbert Barberio appointed board member
  • Edward Rae Steele appointed board member
20085 changesmanagement 4 · industry 1
  • Richard Anthony Rosselet appointed board member
  • Mark Gilbert Barberio stepped down as board member
  • William Patrick Montague stepped down as board member
  • Richard Lee Grenolds stepped down as board member
  • Industry changed to Computerprogrammering (620100)
20071 changeaddress 1
  • Moved to Damvang 2, Ulkebøl, 6400 Sønderborg
20065 changesmanagement 4 · industry 1
  • Mark Gilbert Barberio appointed board member
  • William Patrick Montague appointed board member
  • Richard Lee Grenolds appointed board member
  • Kurt Johnny Vilhelm Johansson stepped down as board member
  • Industry changed to Research and experimental development on natural sciences and engineering (721000)
20031 changeindustry 1
  • Industry changed to Udvikling af kundespecifikt software og konsulentbistand i forbindelse med software (722200)
20026 changesmanagement 6
  • Niels-Henrik Hedegaard appointed board member
  • Peter Andreas Langager stepped down as board member
  • Jens Gregers Jensen stepped down as board member
  • Jens Østerlund Jensen stepped down as board member
  • Niels-Henrik Hedegaard appointed ceo
  • Henrik Raunkjær stepped down as director
20013 changesmanagement 3
  • Kurt Johnny Vilhelm Johansson appointed board member
  • Avi Zisman appointed chair of the board
  • David Ross Oliver stepped down as chair of the board
20003 changesaddress 1 · management 2
  • Moved to Damvang 2, Ulkebøl, 6400 Sønderborg
  • David Ross Oliver appointed chair of the board
  • Børge Østerlund stepped down as board member
19973 changesmanagement 3
  • Henrik Raunkjær appointed director
  • Monika Dora Antje Østerlund stepped down as board member
  • Jens Østerlund Jensen stepped down as director
19921 changecapital 1
  • Share capital changed from 300,000 DKK to 500,000 DKK
198716 changesname 1 · management 14 · founded 1
  • Name changed from A/S PSE NR. 2281 to FOCON ELECTRONIC SYSTEMS A/S
  • Ulf Svejgaard Poulsen stepped down as board member
  • Per Emil Hasselbalch Stakemann stepped down as director
  • Per Emil Hasselbalch Stakemann stepped down as board member
  • Susanne Saul Stakemann stepped down as chair of the board
  • Registered as A/S PSE NR. 2281
  • Peter Andreas Langager appointed board member
  • Ulf Svejgaard Poulsen appointed board member
  • Jens Gregers Jensen appointed board member
  • Monika Dora Antje Østerlund appointed board member
  • Jens Østerlund Jensen appointed director
  • Jens Østerlund Jensen appointed board member
  • Børge Østerlund appointed board member
  • Per Emil Hasselbalch Stakemann appointed director
  • Per Emil Hasselbalch Stakemann appointed board member
  • Susanne Saul Stakemann appointed chair of the board

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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.

View in CVRReport a correction