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Matchware A/S

Public limited companyCVR 18373432Aarhus CActive

Matchware A/S is a public limited company, based in Aarhus C, active in computer programming activities, founded in 1995. Equity was negative at the end of 2025 (−DKK 3.9m). The company went from a profit in 2024 to a loss of DKK 5.7m in 2025. Gross profit is higher than that of 76% of the companies in the industry in the database.

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Key figures · financial year 2025

Gross profitDKK 9.8m+19% vs. 2024
Net profit−DKK 5.7m−424.1% vs. 2024
Equity−DKK 3.9m−141.5% vs. 2024
Employees7latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Gross profit rose 19% (2024 → 2025), to DKK 9.8m.
  • Net profit went from a profit of DKK 1.7m to a loss of DKK 5.7m (2024 → 2025).
  • Equity turned negative: −DKK 3.9m (2024 → 2025).

Employees

  • 1 fewer employees than a year earlier: 7 (08/2026) against 8 (08/2025).

Management and owners, last 24 months

  • New in management: Erinn Colette O'Sullivan (board member, 25/07/2025), Erinn Colette O'Sullivan (director, 25/07/2025) and Richard Thomas James Bell (chair of the board, 25/07/2025) (+1).
  • Stepped down: Ulrik Merrild (board member, 25/07/2025), Ulrik Merrild (director, 25/07/2025) and Peter Nielsen (chair of the board, 25/07/2025) (+1).

Registrations, last 24 months

  • 12/03/2025: Moved to Thomas Koppels Gade 30, st. th, 8000 Aarhus C

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 6m−DKK 4m−DKK 2mDKK 0DKK 2mDKK 4mDKK 6mDKK 8mDKK 10m202020212022202320242025
EquityNet profit
Financial figures for Matchware A/S
202020212022202320242025Change
Revenuenot statednot statednot statednot statednot statednot stated–
Gross profit6,3016,6225,3688,3958,2219,785+19%
Operating profit (EBIT)1,7752,0561,0223,6342,263−6,681−395.2%
Profit before tax1,4821,5821,3003,4412,326−6,338−372.5%
Net profit1,1141,1311,0372,6911,745−5,656−424.1%
Total assets10,82313,80413,86713,20215,85110,298−35%
Equity7,6945,8254,8627,5539,298−3,858−141.5%
Liabilities3,1297,9799,0055,6496,55314,156+116%
Cash and cash equivalents2,9942,4263,9523,6775,9982,474−58.8%
Average number of employees886678+14.3%

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 2mDKK 4mDKK 6mDKK 8mDKK 10m202020212022202320242025
Gross profitMedian, the industry (1,661 companies)

Signals from the financial statements

calculated from the 2025 figures

  • Negative equity

    Equity was −DKK 3.9m at the end of 2025.

    How is this calculated?

    Equity in the latest annual report is below zero.

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 Matchware A/S
Financial yearPeriodPublishedFigures forDocuments
202501/01/2025 – 31/12/202502/07/2026The companyPDF not statedXBRL
202401/01/2024 – 31/12/202409/06/2025The companyPDFXBRL
202301/01/2023 – 31/12/202329/04/2024The companyPDFXBRL
202201/01/2022 – 31/12/202212/05/2023The companyPDFXBRL
202101/01/2021 – 31/12/202120/06/2022The companyPDFXBRL
202001/01/2020 – 31/12/202031/03/2021The 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
024681009/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/2608/26
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 9.8mNo. 404 of 1,656
Better than 76% of the companies in the industry
Equity−DKK 3.9mNo. 1556 of 1,661
Better than 6% of the companies in the industry
Number of employees7No. 530 of 1,661
Better than 68% 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. 4,998of 69,742
Better than 93%
No. 68,959of 69,964
Better than 1%
Same industry and fewer than 20 employees1,365 companies in the comparison
No. 146of 1,363
Better than 89%
No. 1,288of 1,365
Better than 6%
Companies that are at least 30 years old10,276 companies in the comparison
No. 4,223of 10,152
Better than 58%
No. 10,151of 10,275
Better than 1%
All companies of type A/S18,025 companies in the comparison
No. 9,081of 17,786
Better than 49%
No. 17,629of 18,024
Better than 2%

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. Matchware A/SDKK 9.8m
  2. Stibo Systems A/SDKK 916.6m
  3. Trackunit ApSDKK 897.1m
Net profit
  1. Matchware A/S−DKK 5.7m
  2. Stibo Systems A/SDKK 155.9m
  3. Trackunit ApSDKK 206.3m
Equity
  1. Matchware A/S−DKK 3.9m
  2. Stibo Systems A/SDKK 309.7m
  3. Trackunit ApSDKK 1.7bn
Employees
  1. Matchware A/S7
  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
  • Matchware Holding ApS100%
Matchware A/S

Management

4 active registrations

Executive management

Executive management at Matchware A/S
NameRoleAppointed
Erinn Colette O'SullivanDirector25/07/2025

Board of directors

Board of directors at Matchware A/S
NameRoleAppointed
Erinn Colette O'SullivanBoard member25/07/2025
Richard Thomas James BellChair of the board25/07/2025
Marit Fageraas ØienBoard member25/07/2025
Founders
Ulrik Merrild, Rene Karl Hovgaard Pedersen
Former management (8)
Former management at Matchware A/S
NameRoleAppointedResigned
Ulrik MerrildBoard member15/02/199525/07/2025
Ulrik MerrildDirector15/02/199525/07/2025
Rene Karl Hovgaard PedersenChair of the board15/02/199507/04/2003
Morten Frank MogensenChair of the board07/04/200329/04/2003
David William KiddBoard member07/04/200303/04/2020
Frans MerrildChair of the board29/04/200303/11/2017
Peter NielsenChair of the board09/04/201825/07/2025
Beatrice Annet Emmelie MerrildBoard member03/04/202025/07/2025

Signing rule: Selskabet tegnes af en direktør, af formanden for bestyrelsen eller af den samlede bestyrelse.

Address and production units

1 active production units

Thomas Koppels Gade 30
8000 Aarhus C

Aarhus Municipality · Postcode 8000

Production units
Production unitAddressEmployeesP number
MATCHWARE A/SThomas Koppels Gade 30, st. th, 8000 Aarhus C71003854627

Purpose

Selskabets formål er at drive udvikling af og handel med software og hardware samt anden i forbindelse hermed stående virksomhed.

The purpose is quoted from the register in Danish.

Changes year by year

36 registered events
20261 changeaccounts 1
  • Annual report for 2025 published
202510 changesmanagement 8 · accounts 1 · address 1
  • Marit Fageraas Øien appointed board member
  • Richard Thomas James Bell appointed chair of the board
  • Erinn Colette O'Sullivan appointed director
  • Erinn Colette O'Sullivan appointed board member
  • Beatrice Annet Emmelie Merrild stepped down as board member
  • Peter Nielsen stepped down as chair of the board
  • Ulrik Merrild stepped down as board member
  • Ulrik Merrild stepped down as director
  • Annual report for 2024 published
  • Moved to Thomas Koppels Gade 30, st. th, 8000 Aarhus C
20241 changeaccounts 1
  • Annual report for 2023 published
20231 changeaccounts 1
  • Annual report for 2022 published
20221 changeaccounts 1
  • Annual report for 2021 published
20212 changesaccounts 1 · address 1
  • Annual report for 2020 published
  • Moved to P. Hiort-Lorenzens Vej 2A, st. th, 8000 Aarhus C
20203 changesmanagement 2 · ownership 1
  • Beatrice Annet Emmelie Merrild appointed board member
  • David William Kidd stepped down as board member
  • David Kidd is no longer registered as owner
20181 changemanagement 1
  • Peter Nielsen appointed chair of the board
20171 changemanagement 1
  • Frans Merrild stepped down as chair of the board
20141 changeaddress 1
  • Moved to P. Hiort-Lorenzens Vej 2A, st. th, 8000 Aarhus C
20081 changeindustry 1
  • Industry changed to Computerprogrammering (620100)
20063 changescapital 1 · ownership 2
  • Share capital changed from 800,000 DKK to 842,105 DKK
  • David Kidd registered as owner (5%)
  • MATCHWARE HOLDING ApS registered as owner (100%)
20036 changesmanagement 5 · industry 1
  • Frans Merrild appointed chair of the board
  • Morten Frank Mogensen stepped down as chair of the board
  • David William Kidd appointed board member
  • Morten Frank Mogensen appointed chair of the board
  • Rene Karl Hovgaard Pedersen stepped down as chair of the board
  • Industry changed to Udvikling af kundespecifikt software og konsulentbistand i forbindelse med software (722200)
19954 changesfounded 1 · management 3
  • Registered as MATCHWARE A/S
  • Ulrik Merrild appointed board member
  • Rene Karl Hovgaard Pedersen appointed chair of the board
  • Ulrik Merrild appointed director

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Same people in management

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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