Modaxo Europe A/S
Public limited companyCVR 28655843Aarhus VActive
Modaxo Europe A/S is a public limited company, based in Aarhus V, active in computer programming activities, founded in 2006. Net profit fell 68% from 2024 to 2025, ending at DKK 263.7m. With 35 employees, the company is about 9 times larger than the industry median. Equity grew to DKK 1.2bn in 2025.
Key figures · financial year 2025
RevenueDKK 102.3m
Net profitDKK 263.7m−67.9% vs. 2024
EquityDKK 1.2bn+29% vs. 2024
Employees35latest month from CVR
What has changed
calculated from recorded figures and datesFinancials: 2025 against 2024
- Gross profit fell 25% (2024 → 2025), to DKK 29.7m.
- Net profit fell 68% (2024 → 2025), to DKK 263.7m.
- Equity rose 29% (2024 → 2025), to DKK 1.2bn.
Employees
- 7 fewer employees than a year earlier: 35 (08/2026) against 42 (08/2025).
Management and owners, last 24 months
- New in management: Morten Boas Qvist (ceo, 31/03/2025), Laurent Eskenazi (board member, 27/02/2026) and Robert Peter Clay (chair of the board, 27/02/2026).
- Stepped down: Christian Holk Christiansen (ceo, 31/03/2025), Lasse Yoon Møller (board member, 30/04/2026) and Laurent Eskenazi (chair of the board, 26/02/2026) (+1).
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 thousandEquity and net profit
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change | |
|---|---|---|---|---|---|---|---|
| Revenue | not stated | not stated | not stated | not stated | not stated | 102,336 | – |
| Gross profit | 44,634 | 47,522 | 41,245 | 25,157 | 39,781 | 29,698 | −25.3% |
| Operating profit (EBIT) | 9,390 | 13,305 | 3,523 | −12,695 | −5,465 | −12,797 | −134.2% |
| Profit before tax | 72,318 | 63,768 | 96,914 | 60,912 | 812,430 | 257,818 | −68.3% |
| Net profit | 70,651 | 61,702 | 96,086 | 68,301 | 821,467 | 263,664 | −67.9% |
| Total assets | 575,452 | 724,386 | 635,598 | 650,642 | 1,556,755 | 2,089,789 | +34.2% |
| Equity | 177,770 | 239,472 | 16,939 | 85,240 | 909,795 | 1,173,459 | +29% |
| Liabilities | 382,580 | 458,438 | 550,178 | 517,910 | 613,283 | 903,203 | +47.3% |
| Cash and cash equivalents | 12,871 | 725 | 808 | 1,728 | 1,773 | 8,701 | +390.8% |
| Average number of employees | 40 | 42 | 44 | 43 | 41 | 41 | 0% |
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: 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
Signals from the financial statements
calculated from the 2025 figuresProfit for five years in a row
Net result has been positive in 2021–2025.
How is this calculated?
Net result is positive in the five 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| Financial year | Period | Published | Figures for | Documents |
|---|---|---|---|---|
| 2025 | 01/01/2025 – 31/12/2025 | 06/07/2026 | The company | PDF not statedXBRL |
| 2024 | 01/01/2024 – 31/12/2024 | 30/06/2025 | The company | PDFXBRL |
| 2023 | 01/01/2023 – 31/12/2023 | 26/06/2024 | The company | PDFXBRL |
| 2022 | 01/01/2022 – 31/12/2022 | 29/06/2023 | The company | PDFXBRL |
| 2021 | 01/01/2021 – 31/12/2021 | 04/07/2022 | The company | PDFXBRL |
| 2020 | 01/01/2020 – 31/12/2020 | 28/05/2021 | The company | PDFXBRL |
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 CVRPosition in the industry
1,661 companies in the databaseComparison with the other companies in computer programming activities based on the latest financial year.
Gross profitDKK 29.7mNo. 169 of 1,656
Better than 90% of the companies in the industry
EquityDKK 1.2bnNo. 4 of 1,661
Better than 100% of the companies in the industry
Number of employees35No. 129 of 1,661
Better than 92% of the companies in the industry
Industry median: gross profit DKK 2.6m, net profit DKK 93,491, equity DKK 1m, 4 employees.
Compared with similar companies
size, age and company form| Group | Gross profit | Equity |
|---|---|---|
| Companies with 20–49 employees9,922 companies in the comparison | No. 1,384of 9,892 Better than 86% | No. 52of 9,922 Better than 99% |
| Same industry and 20–49 employees183 companies in the comparison | No. 59of 182 Better than 68% | No. 1of 183 Better than 100% |
| Companies that are between 15 and 29 years old24,910 companies in the comparison | No. 2,388of 24,791 Better than 90% | No. 189of 24,909 Better than 99% |
| All companies of type A/S18,025 companies in the comparison | No. 4,444of 17,786 Better than 75% | No. 372of 18,024 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
Computer programming activitiesGross profit
- Modaxo Europe A/SDKK 29.7m
- Stibo Systems A/SDKK 916.6m
- Trackunit ApSDKK 897.1m
Net profit
- Modaxo Europe A/SDKK 263.7m
- Stibo Systems A/SDKK 155.9m
- Trackunit ApSDKK 206.3m
Equity
- Modaxo Europe A/SDKK 1.2bn
- Stibo Systems A/SDKK 309.7m
- Trackunit ApSDKK 1.7bn
Employees
- Modaxo Europe A/S35
- Stibo Systems A/S201
- 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 RegisterOwners
- Modaxo Group Inc.100%
Modaxo Europe A/S
Management
6 active registrationsExecutive management
| Name | Role | Appointed |
|---|---|---|
| Morten Boas Qvist | CEO | 31/03/2025 |
Board of directors
| Name | Role | Appointed |
|---|---|---|
| Kasper Stengaard Sørensen | Board member | 27/01/2017 |
| William Robert Delaney | Board member | 14/12/2022 |
| Sarah Fiona Pollard | Board member | 18/09/2024 |
| Laurent Eskenazi | Board member | 27/02/2026 |
| Robert Peter Clay | Chair of the board | 27/02/2026 |
- Founders
- Trapeze Group Europe Holding A/S
Former management (31)
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| Peter Andreas Langager | Board member | 30/06/2006 | 01/03/2007 |
| Jesper Andersen | Board member | 30/06/2006 | 01/03/2007 |
| Jesper Andersen | CEO | 30/06/2006 | 01/03/2007 |
| Christian Hendrik Poulsen | Board member | 30/06/2006 | 27/01/2017 |
| Annette Kraglund Thomsen | Board member | 30/06/2006 | 30/05/2007 |
| Mark Miller | Board member | 30/06/2006 | 17/05/2013 |
| Ian Keaveny | Chair of the board | 30/06/2006 | 05/04/2011 |
| Susanne Hjerrild Grau | Board member | 01/03/2007 | 05/04/2011 |
| Jone Birger Jacobsen | Board member | 01/03/2007 | 30/05/2007 |
| Mark Miller | CEO | 01/03/2007 | 27/03/2008 |
| Åge Thomsen | Board member | 30/05/2007 | 30/05/2012 |
| Torben Fisker Olesen | Board member | 30/05/2007 | 05/04/2011 |
| Klavs Lange Vejlang | CEO | 30/05/2007 | 03/11/2014 |
| Klavs Lange Vejlang | Board member | 05/04/2011 | 11/03/2015 |
| Brian Beattie | Board member | 05/04/2011 | 26/01/2017 |
| Hans Peter Schär | Chair of the board | 05/04/2011 | 27/01/2017 |
| Torben Jensen | Deputy board member | 30/05/2012 | 27/01/2017 |
| Christian Holk Christiansen | Board member | 30/05/2012 | 27/01/2017 |
| Annie Junker Bundgaard | Board member | 17/05/2013 | 19/01/2016 |
| Nemat Grace Annab | Board member | 17/05/2013 | 03/05/2021 |
| Jesper Ulsted | CEO | 03/11/2014 | 01/03/2021 |
| Helle Bjorn | Board member | 19/01/2016 | 19/12/2017 |
| Sanne Vogt Juhl | Board member | 27/01/2017 | 28/02/2021 |
| Brian Beattie | Chair of the board | 27/01/2017 | 28/09/2021 |
| Frank Gustafsson | Board member | 19/12/2017 | 14/12/2022 |
| Christian Holk Christiansen | CEO | 01/03/2021 | 31/03/2025 |
| Søren Peder Westermann | Board member | 03/05/2021 | 18/09/2024 |
| Lasse Yoon Møller | Board member | 03/05/2021 | 30/04/2026 |
| Laurent Eskenazi | Chair of the board | 29/09/2021 | 26/02/2026 |
| Brian Beattie | Board member | 29/09/2021 | 14/12/2022 |
| Robert Peter Clay | Board member | 14/12/2022 | 26/02/2026 |
Signing rule: Virksomheden tegnes af alle bestyrelsesmedlemmer i fællesskab eller af bestyrelsesformanden sammen med et bestyrelsesmedlem eller af den administrerende direktør i fællesskab med et bestyrelsesmedlem.
Address and production units
1 active production unitsSommervej 31D
8210 Aarhus V
| Production unit | Address | Employees | P number |
|---|---|---|---|
| Modaxo Europe A/S | Sommervej 31D, 4, 8210 Aarhus V | 35 | 1012391311 |
Purpose
Selskabets formål er at udvikle og udbyde Edb-systemer til planlægning, optimering og administration af personale- og ressourceanvendelse samt at tilbyde rådgivning, support og driftsstøtte i tilknytning hertil.
The purpose is quoted from the register in Danish.
Changes year by year
89 registered events12015
32016
102017
02018
52019
02020
112021
52022
32023
42024
32025
62026
20266 changesaccounts 1 · management 5
- AccountsAnnual report for 2025 published
- ManagementLasse Yoon Møller stepped down as board member
- ManagementRobert Peter Clay appointed chair of the board
- ManagementLaurent Eskenazi appointed board member
- ManagementRobert Peter Clay stepped down as board member
- ManagementLaurent Eskenazi stepped down as chair of the board
20253 changesaccounts 1 · management 2
- AccountsAnnual report for 2024 published
- ManagementMorten Boas Qvist appointed ceo
- ManagementChristian Holk Christiansen stepped down as ceo
20244 changescapital 1 · management 2 · accounts 1
- CapitalShare capital changed from 11,000,000 DKK to 11,000,001 DKK
- ManagementSarah Fiona Pollard appointed board member
- ManagementSøren Peder Westermann stepped down as board member
- AccountsAnnual report for 2023 published
20233 changesaccounts 1 · ownership 2
- AccountsAnnual report for 2022 published
- OwnershipModaxo Group Inc. registered as owner (100%)
- OwnershipVolaris NA HoldCo ULC is no longer registered as owner
20225 changesmanagement 4 · accounts 1
- ManagementRobert Peter Clay appointed board member
- ManagementWilliam Robert Delaney appointed board member
- ManagementBrian Beattie stepped down as board member
- ManagementFrank Gustafsson stepped down as board member
- AccountsAnnual report for 2021 published
202111 changesmanagement 9 · accounts 1 · name 1
- ManagementLaurent Eskenazi appointed chair of the board
- ManagementBrian Beattie appointed board member
- ManagementBrian Beattie stepped down as chair of the board
- AccountsAnnual report for 2020 published
- NameName changed from Volaris Group A/S to Modaxo Europe A/S
- ManagementSøren Peder Westermann appointed board member
- ManagementLasse Yoon Møller appointed board member
- ManagementNemat Grace Annab stepped down as board member
- ManagementChristian Holk Christiansen appointed ceo
- ManagementJesper Ulsted stepped down as ceo
- ManagementSanne Vogt Juhl stepped down as board member
20195 changescapital 1 · ownership 2 · merger 1 · name 1
- CapitalShare capital changed from 10,000,000 DKK to 11,000,000 DKK
- OwnershipVolaris NA HoldCo ULC registered as owner (100%)
- MergerMerger registered in CVR
- OwnershipTRAPEZE GROUP EUROPE HOLDING A/S is no longer registered as owner
- NameName changed from TRAPEZE GROUP EUROPE A/S to Volaris Group A/S
201710 changesmanagement 10
- ManagementFrank Gustafsson appointed board member
- ManagementHelle Bjorn stepped down as board member
- ManagementBrian Beattie appointed chair of the board
- ManagementKasper Stengaard Sørensen appointed board member
- ManagementSanne Vogt Juhl appointed board member
- ManagementChristian Holk Christiansen stepped down as board member
- ManagementTorben Jensen stepped down as deputy board member
- ManagementHans Peter Schär stepped down as chair of the board
- ManagementChristian Hendrik Poulsen stepped down as board member
- ManagementBrian Beattie stepped down as board member
20163 changesaddress 1 · management 2
- AddressMoved to Sommervej 31D, 4, Hasle, 8210 Aarhus V
- ManagementHelle Bjorn appointed board member
- ManagementAnnie Junker Bundgaard stepped down as board member
20151 changemanagement 1
- ManagementKlavs Lange Vejlang stepped down as board member
20142 changesmanagement 2
- ManagementJesper Ulsted appointed ceo
- ManagementKlavs Lange Vejlang stepped down as ceo
20133 changesmanagement 3
- ManagementAnnie Junker Bundgaard appointed board member
- ManagementNemat Grace Annab appointed board member
- ManagementMark Miller stepped down as board member
20123 changesmanagement 3
- ManagementChristian Holk Christiansen appointed board member
- ManagementTorben Jensen appointed deputy board member
- ManagementÅge Thomsen stepped down as board member
20117 changesmerger 1 · management 6
- MergerMerger registered in CVR
- ManagementKlavs Lange Vejlang appointed board member
- ManagementHans Peter Schär appointed chair of the board
- ManagementBrian Beattie appointed board member
- ManagementTorben Fisker Olesen stepped down as board member
- ManagementSusanne Hjerrild Grau stepped down as board member
- ManagementIan Keaveny stepped down as chair of the board
20082 changesmanagement 1 · industry 1
- ManagementMark Miller stepped down as ceo
- IndustryIndustry changed to Computerprogrammering (620100)
200711 changesmanagement 11
- ManagementTorben Fisker Olesen appointed board member
- ManagementKlavs Lange Vejlang appointed ceo
- ManagementÅge Thomsen appointed board member
- ManagementJone Birger Jacobsen stepped down as board member
- ManagementAnnette Kraglund Thomsen stepped down as board member
- ManagementJone Birger Jacobsen appointed board member
- ManagementMark Miller appointed ceo
- ManagementSusanne Hjerrild Grau appointed board member
- ManagementPeter Andreas Langager stepped down as board member
- ManagementJesper Andersen stepped down as ceo
- ManagementJesper Andersen stepped down as board member
200610 changesindustry 1 · founded 1 · management 7 · ownership 1
- IndustryIndustry changed to Udvikling af kundespecifikt software og konsulentbistand i forbindelse med software (722200)
- FoundedRegistered as TRAPEZE GROUP EUROPE A/S
- ManagementPeter Andreas Langager appointed board member
- ManagementIan Keaveny appointed chair of the board
- ManagementMark Miller appointed board member
- ManagementAnnette Kraglund Thomsen appointed board member
- ManagementChristian Hendrik Poulsen appointed board member
- ManagementJesper Andersen appointed ceo
- ManagementJesper Andersen appointed board member
- OwnershipTRAPEZE GROUP EUROPE HOLDING A/S registered as owner (100%)
Related companies
Same industry in Aarhus
- Systematic A/S967 employees
- Mjølner Informatics A/S282 employees
- Novicell ApS208 employees
- Stibo Systems A/S201 employees
- Elbek & Vejrup A/S198 employees
- Uber Denmark Software And Development ApS173 employees
Same people in management
- Sund & Bælt Holding A/Svia Peter Andreas Langager
- Lokaltog A/Svia Peter Andreas Langager
- Rambøll Management Consulting A/Svia Christian Hendrik Poulsen
- Apcoa Danmark A/Svia Peter Andreas Langager
- Comwell A/Svia Peter Andreas Langager
- J.p. Group. Viborg A/Svia Peter Andreas Langager
Largest in the industry
- Stibo Systems A/SDKK 916.6m
- Trackunit ApSDKK 897.1m
- twoday Danmark A/SDKK 672.1m
- SAS Institute A/SDKK 544.2m
- Dalux ApSDKK 505m
- Fellowmind Denmark A/SDKK 480m
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.