CVRdatabase
Menu

Mazepay A/S

Public limited companyCVR 39772388Aarhus VActive

Mazepay A/S is a public limited company, based in Aarhus V, active in other activities auxiliary to financial services, except insurance and pension funding, founded in 2018. The company made a loss in both 2024 and 2025, most recently DKK 1.5m. Equity fell to DKK 971k in 2025. 6 other companies in the database are registered at the same address.

Follow
PDF reportCompare

Key figures · financial year 2025

Gross profit−DKK 342k+56.2% vs. 2024
Net profit−DKK 1.5m+34.1% vs. 2024
EquityDKK 971k−53.3% vs. 2024
Employees11latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • The loss got smaller: from DKK 2.2m to DKK 1.5m (2024 → 2025).
  • Equity fell 53% (2024 → 2025), to DKK 971k.

Employees

  • 1 fewer employees than a year earlier: 11 (07/2026) against 12 (07/2025).

Management and owners, last 24 months

  • New in management: Kevin Joseph Stanton (chair of the board, 24/06/2025), Dan Kortegaard Nielsen (ceo, 14/01/2026) and Anders Svenninggaard Drew-Eskesen (ceo, 29/04/2025).
  • Stepped down: Søren Aabel Hammer (ceo, 29/04/2025), Jørgen Allan Horwitz (chair of the board, 24/06/2025) and Kevin Joseph Stanton (board member, 23/06/2025) (+1).
  • New owners registered: Scale Capital Fund III K/S (19/12/2025), Lervang Holding 2018 ApS (05/05/2026) and 8270 Holding ApS (18/07/2026) (+3).
  • No longer registered as owner: 8270 Holding ApS (18/12/2025), Lervang Holding 2018 ApS (04/05/2026) and Scale Capital Fund III K/S (18/12/2025) (+3).

Registrations, last 24 months

  • 23/09/2026: Moved to Viborgvej 159A, st, Hasle, 8210 Aarhus V
  • 18/07/2026: Share capital changed from 1,159,474 DKK to 1,217,866 DKK
  • 05/05/2026: Share capital changed from 1,094,060 DKK to 1,159,474 DKK
  • 02/02/2026: Share capital changed from 983,830 DKK to 1,094,060 DKK
  • 19/12/2025: Share capital changed from 922,314 DKK to 983,830 DKK
  • 03/09/2025: Share capital changed from 897,530 DKK to 922,314 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 2020–2025 · amounts in DKK thousand

Equity and net profit

−DKK 15m−DKK 10m−DKK 5mDKK 0DKK 5mDKK 10mDKK 15m202020212022202320242025
EquityNet profit
Financial figures for Mazepay A/S
202020212022202320242025Change
Revenuenot statednot statednot statednot statednot statednot stated–
Gross profit1,153−375−2,344−4,201−780−342+56.2%
Operating profit (EBIT)–−5,469−10,174−14,721−2,247−1,474+34.4%
Profit before tax−1,372−5,568−10,222−14,719−2,244−1,476+34.2%
Net profit−908−4,241−7,952−14,367−2,239−1,476+34.1%
Total assets3,9729,19917,55017,0842,4311,526−37.3%
Equity9357,83514,75915,2702,080971−53.3%
Liabilities3,0381,3652,7901,814352555+57.8%
Cash and cash equivalents3,0177,21312,76112,8681,767880−50.2%
Average number of employees4712171712−29.4%

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 5m−DKK 4m−DKK 3m−DKK 2m−DKK 1mDKK 0DKK 1mDKK 2mDKK 3mDKK 4m202020212022202320242025
Gross profitMedian, the industry (136 companies)

Signals from the financial statements

calculated from the 2025 figures

  • Loss for 6 years in a row

    Net result has been negative in 2020–2025.

    How is this calculated?

    Net result is negative in the two or more latest annual reports in a row.

  • Equity fell sharply

    Equity fell 53% from 2024 to 2025 (DKK 2.1m to DKK 971k).

    How is this calculated?

    Equity has fallen by at least 30% from the previous annual report, and it was positive the year before.

  • Fewer employees

    The number of employees fell 29% from 17 in 2024 to 12 in 2025.

    How is this calculated?

    The number of employees according to the annual report has fallen by at least 25%, and was at least 10 the year before.

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 Mazepay A/S
Financial yearPeriodPublishedFigures forDocuments
202501/01/2025 – 31/12/202520/05/2026The companyPDF not statedXBRL
202401/01/2024 – 31/12/202425/06/2025The companyPDFXBRL
202301/01/2023 – 31/12/202320/06/2024The companyPDFXBRL
202201/01/2022 – 31/12/202222/03/2023The companyPDFXBRL
202101/01/2021 – 31/12/202115/06/2022The companyPDFXBRL
202001/01/2020 – 31/12/202004/03/2021The 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
0510152008/2309/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/26
Employees

Position in the industry

136 companies in the database

Comparison with the other companies in other activities auxiliary to financial services, except insurance and pension funding based on the latest financial year.

Gross profit−DKK 342kNo. 125 of 133
Better than 6% of the companies in the industry
EquityDKK 971kNo. 92 of 136
Better than 33% of the companies in the industry
Number of employees11No. 31 of 136
Better than 78% of the companies in the industry

Industry median: gross profit DKK 3.2m, net profit DKK 326k, equity DKK 2.7m, 4 employees.

DKK 100kDKK 1.2mDKK 14.3mDKK 171.8mDKK 899.6m
Distribution of gross profit for 113 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. 67,608of 69,742
Better than 3%
No. 34,091of 69,964
Better than 51%
Same industry and fewer than 20 employees112 companies in the comparison
No. 103of 111
Better than 7%
No. 71of 112
Better than 37%
Companies that are between 5 and 14 years old33,688 companies in the comparison
No. 32,749of 33,588
Better than 2%
No. 15,657of 33,687
Better than 54%
All companies of type A/S18,025 companies in the comparison
No. 17,133of 17,786
Better than 4%
No. 15,997of 18,024
Better than 11%

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

Other activities auxiliary to financial services, except insurance and pension funding
Gross profit
  1. Mazepay A/S−DKK 342k
  2. BEC Financial Technologies a.m.b.a.DKK 2.1bn
  3. Mastercard Payment Services Denmark A/SDKK 609.7m
Net profit
  1. Mazepay A/S−DKK 1.5m
  2. BEC Financial Technologies a.m.b.a.DKK 39.7m
  3. Mastercard Payment Services Denmark A/SDKK 747m
Equity
  1. Mazepay A/SDKK 971k
  2. BEC Financial Technologies a.m.b.a.DKK 1.4bn
  3. Mastercard Payment Services Denmark A/SDKK 1.5bn
Employees
  1. Mazepay A/S11
  2. BEC Financial Technologies a.m.b.a.851
  3. Mastercard Payment Services Denmark A/S276

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
  • Outward VC Fund Llp10%
  • Zoento Holding ApS15%
  • HP Leaders Fund LP5%
  • Scale Capital Fund III K/S15%
  • Lervang Holding 2018 ApS10%
  • 8270 Holding ApS5%
  • Vendep Capital Fund III Ky15%
Mazepay A/S

Management

6 active registrations

Executive management

Executive management at Mazepay A/S
NameRoleAppointed
Dan Kortegaard NielsenCEO14/01/2026

Board of directors

Board of directors at Mazepay A/S
NameRoleAppointed
Dan Kortegaard NielsenBoard member24/10/2019
Keld SørensenDeputy chair24/10/2019
Lars JensenBoard member27/06/2023
Juha-Pekka AralaBoard member01/10/2024
Kevin Joseph StantonChair of the board24/06/2025
Founders
Zoento Holding ApS, TMH Investment Holding ApS, Lervang Holding 2018 ApS
Former management (8)
Former management at Mazepay A/S
NameRoleAppointedResigned
Søren Aabel HammerBoard member03/08/201824/10/2019
Søren Aabel HammerCEO03/08/201829/04/2025
Dan Kortegaard NielsenChair of the board03/08/201823/10/2019
Thomas Monefeldt HolmBoard member03/08/201803/12/2018
Thomas Michael Dragsbæk MortensenBoard member03/12/201824/10/2019
Jørgen Allan HorwitzChair of the board24/10/201924/06/2025
Kevin Joseph StantonBoard member28/11/202323/06/2025
Anders Svenninggaard Drew-EskesenCEO29/04/202514/01/2026

Signing rule: Selskabet tegnes af et medlem af bestyrelsen i forening med en direktør, to bestyrelsesmedlemmer i forening eller af den samlede bestyrelse.

Address and production units

2 active production units

Viborgvej 159A
8210 Aarhus V

Aarhus Municipality · Postcode 8210

Other companies at the address (6)

Production units
Production unitAddressEmployeesP number
Mazepay A/SViborgvej 159A, st, Hasle, 8210 Aarhus V101023852086
Mazepay A/SAntonigade 11, 3, 1106 København K11024397560

Purpose

Selskabets formål er at (i) udvikle og markedsføre software (ii) drive betalingsinstitutvirksomhed samt hermed beslægtet virksomhed.

The purpose is quoted from the register in Danish.

Changes year by year

98 registered events
202615 changesaddress 1 · capital 3 · ownership 8 · accounts 1 · management 2
  • Moved to Viborgvej 159A, st, Hasle, 8210 Aarhus V
  • Share capital changed from 1,159,474 DKK to 1,217,866 DKK
  • Vendep Capital Fund III Ky registered as owner (15%)
  • 8270 Holding ApS registered as owner (5%)
  • Vendep Capital Fund III Ky is no longer registered as owner
  • 8270 Holding ApS is no longer registered as owner
  • Annual report for 2025 published
  • Share capital changed from 1,094,060 DKK to 1,159,474 DKK
  • Lervang Holding 2018 ApS registered as owner (10%)
  • Lervang Holding 2018 ApS is no longer registered as owner
  • Share capital changed from 983,830 DKK to 1,094,060 DKK
  • Vendep Capital Fund III Ky registered as owner (10%)
  • Vendep Capital Fund III Ky is no longer registered as owner
  • Dan Kortegaard Nielsen appointed ceo
  • Anders Svenninggaard Drew-Eskesen stepped down as ceo
202514 changescapital 2 · ownership 4 · accounts 1 · management 5 · address 1 · industry 1
  • Share capital changed from 922,314 DKK to 983,830 DKK
  • Scale Capital Fund III K/S registered as owner (15%)
  • 8270 Holding ApS registered as owner (5%)
  • Scale Capital Fund III K/S is no longer registered as owner
  • 8270 Holding ApS is no longer registered as owner
  • Share capital changed from 897,530 DKK to 922,314 DKK
  • Annual report for 2024 published
  • Kevin Joseph Stanton appointed chair of the board
  • Jørgen Allan Horwitz stepped down as chair of the board
  • Kevin Joseph Stanton stepped down as board member
  • Anders Svenninggaard Drew-Eskesen appointed ceo
  • Søren Aabel Hammer stepped down as ceo
  • Moved to Viborgvej 157B, Hasle, 8210 Aarhus V
  • Industry changed to Other activities auxiliary to financial services, except insurance and pension funding (661900)
20246 changesmanagement 1 · capital 2 · accounts 1 · ownership 1 · address 1
  • Juha-Pekka Arala appointed board member
  • Share capital changed from 882,630 DKK to 897,530 DKK
  • Annual report for 2023 published
  • Share capital changed from 784,941 DKK to 882,630 DKK
  • Vendep Capital Fund III Ky registered as owner (5%)
  • Moved to Viborgvej 157B, Hasle, 8210 Aarhus V
202311 changesmanagement 2 · capital 1 · ownership 7 · accounts 1
  • Kevin Joseph Stanton appointed board member
  • Share capital changed from 685,636 DKK to 784,941 DKK
  • Lars Jensen appointed board member
  • Scale Capital Fund III K/S registered as owner (10%)
  • HP Leaders Fund LP registered as owner (5%)
  • Zoento Holding ApS registered as owner (15%)
  • Scale Capital Fund III K/S is no longer registered as owner
  • Zoento Holding ApS is no longer registered as owner
  • Lervang Holding 2018 ApS registered as owner (15%)
  • Lervang Holding 2018 ApS is no longer registered as owner
  • Annual report for 2022 published
20227 changescapital 1 · ownership 5 · accounts 1
  • Share capital changed from 586,331 DKK to 685,636 DKK
  • Lervang Holding 2018 ApS registered as owner (20%)
  • Scale Capital Fund III K/S registered as owner (5%)
  • OUTWARD VC FUND LLP registered as owner (10%)
  • OUTWARD VC FUND LLP is no longer registered as owner
  • Lervang Holding 2018 ApS is no longer registered as owner
  • Annual report for 2021 published
202113 changesindustry 1 · ownership 10 · capital 1 · accounts 1
  • Industry changed to Other activities auxiliary to financial services, except insurance and pension funding (661900)
  • 8270 Holding ApS registered as owner (5%)
  • 8270 Holding ApS is no longer registered as owner
  • Share capital changed from 492,670 DKK to 586,331 DKK
  • OUTWARD VC FUND LLP registered as owner (10%)
  • Lervang Holding 2018 ApS registered as owner (25%)
  • Zoento Holding ApS registered as owner (25%)
  • 8270 Holding ApS registered as owner (10%)
  • ANSO Holding ApS is no longer registered as owner
  • Lervang Holding 2018 ApS is no longer registered as owner
  • Zoento Holding ApS is no longer registered as owner
  • 8270 Holding ApS is no longer registered as owner
  • Annual report for 2020 published
20202 changesownership 2
  • ANSO Holding ApS registered as owner (5%)
  • Henrik Kjærsgaard Ibsen is no longer registered as owner
201917 changesaddress 1 · management 6 · name 1 · capital 2 · ownership 7
  • Moved to Klostertorvet 6, 8000 Aarhus C
  • Jørgen Allan Horwitz appointed chair of the board
  • Dan Kortegaard Nielsen appointed board member
  • Keld Sørensen appointed deputy chair
  • Thomas Michael Dragsbæk Mortensen stepped down as board member
  • Søren Aabel Hammer stepped down as board member
  • Dan Kortegaard Nielsen stepped down as chair of the board
  • Name changed from mazepay A/S to Mazepay A/S
  • Share capital changed from 463,818 DKK to 492,670 DKK
  • Share capital changed from 450,000 DKK to 463,818 DKK
  • Henrik Kjærsgaard Ibsen registered as owner (5%)
  • Lervang Holding 2018 ApS registered as owner (25%)
  • Zoento Holding ApS registered as owner (33.33%)
  • 8270 Holding ApS registered as owner (15%)
  • 8270 Holding ApS is no longer registered as owner
  • Lervang Holding 2018 ApS is no longer registered as owner
  • Zoento Holding ApS is no longer registered as owner
201813 changesmanagement 6 · ownership 5 · address 1 · founded 1
  • Thomas Michael Dragsbæk Mortensen appointed board member
  • Thomas Monefeldt Holm stepped down as board member
  • 8270 Holding ApS registered as owner (20%)
  • TMH Investment Holding ApS is no longer registered as owner
  • Moved to Store Torv 9, 8000 Aarhus C
  • Registered as mazepay A/S
  • Søren Aabel Hammer appointed ceo
  • Søren Aabel Hammer appointed board member
  • Dan Kortegaard Nielsen appointed chair of the board
  • Thomas Monefeldt Holm appointed board member
  • TMH Investment Holding ApS registered as owner (25%)
  • Lervang Holding 2018 ApS registered as owner (33.33%)
  • Zoento Holding ApS registered as owner (33.33%)

Related companies

Same industry in Aarhus

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. The company is protected against advertising; contact details are not shown, and the data must not be used for marketing.

View in CVRReport a correction