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Monthio ApS

Private limited companyCVR 39609525København ØActive

Monthio ApS is a private limited company, based in København Ø, active in computer programming activities, founded in 2018. The company made a loss in both 2024 and 2025, most recently DKK 23.9m. With 65 employees, the company is about 16 times larger than the industry median. Equity grew to DKK 52.4m in 2025.

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Key figures · financial year 2025

Gross profitDKK 28.6m−2.6% vs. 2024
Net profit−DKK 23.9m−96.8% vs. 2024
EquityDKK 52.4m+55.5% vs. 2024
Employees65latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Gross profit fell 3% (2024 → 2025), to DKK 28.6m.
  • The loss grew: from DKK 12.2m to DKK 23.9m (2024 → 2025).
  • Equity rose 55% (2024 → 2025), to DKK 52.4m.

Employees

  • 3 more employees than a year earlier: 65 (07/2026) against 62 (07/2025).

Management and owners, last 24 months

  • New in management: Jakob Ekkelund (board member, 23/06/2025), Jacob Arup Bratting Pedersen (board member, 24/10/2025) and Mads Aarup Pedersen (board member, 25/06/2026) (+2).
  • Stepped down: Hans Henrik Hoffmeyer (board member, 23/06/2025), Rikke Kjær Nielsen (board member, 23/06/2025) and Jakob Ekkelund (chair of the board, 22/06/2025) (+3).
  • New owners registered: SmartFinance Holding ApS (22/01/2025) and Harmar AB (22/01/2025).
  • No longer registered as owner: SmartFinance Holding ApS (21/01/2025).

Registrations, last 24 months

  • 22/04/2026: Share capital changed from 2,308,191 DKK to 2,312,191 DKK
  • 31/07/2025: Share capital changed from 2,306,691 DKK to 2,308,191 DKK
  • 22/01/2025: Share capital changed from 2,004,180 DKK to 2,306,691 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 2018–2025 · amounts in DKK thousand

Equity and net profit

−DKK 30m−DKK 20m−DKK 10mDKK 0DKK 10mDKK 20mDKK 30mDKK 40mDKK 50m2018202320242025
EquityNet profit
Financial figures for Monthio ApS
2018202320242025Change
Revenuenot statednot statednot statednot stated–
Gross profit−56116,41229,34628,583−2.6%
Operating profit (EBIT)−665−14,328−12,243−22,639−84.9%
Profit before tax−671−15,605−14,642−23,909−63.3%
Net profit−671−13,565−12,150−23,909−96.8%
Total assets3,21035,11171,33287,349+22.5%
Equity2,8433,10333,70252,404+55.5%
Liabilities36732,00837,62934,945−7.1%
Cash and cash equivalents2,3549,14137,2477,857−78.9%
Average number of employees1405056+12%

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 2018, 2023, 2024, 2025: smaller companies may omit it, and we do not derive it from other figures. The register has no financial statements for 2019, 2020, 2021, 2022 (changed financial year or not filed).

Download the figures as CSV · free with an account, amounts in whole DKK

−DKK 5mDKK 0DKK 5mDKK 10mDKK 15mDKK 20mDKK 25mDKK 30m2018202320242025
Gross profitMedian, the industry (1,661 companies)

Signals from the financial statements

calculated from the 2025 figures

  • Loss for 4 years in a row

    Net result has been negative in 2018–2025.

    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

4 financial years
Annual reports for Monthio ApS
Financial yearPeriodPublishedFigures forDocuments
202501/01/2025 – 31/12/202529/06/2026The companyPDF not statedXBRL
202401/01/2024 – 31/12/202426/06/2025The companyPDFXBRL
202301/01/2023 – 31/12/202328/06/2024The companyPDFXBRL
201818/05/2018 – 31/12/201813/06/2019The 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
01020304050607008/2309/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/26
Employees

Position in the industry

1,661 companies in the database

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

Gross profitDKK 28.6mNo. 174 of 1,656
Better than 90% of the companies in the industry
EquityDKK 52.4mNo. 77 of 1,661
Better than 95% of the companies in the industry
Number of employees65No. 93 of 1,661
Better than 94% 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 50–199 employees4,467 companies in the comparison
No. 2,836of 4,412
Better than 36%
No. 1,185of 4,466
Better than 73%
Same industry and 50–199 employees99 companies in the comparison
No. 85of 99
Better than 14%
No. 35of 99
Better than 65%
Companies that are between 5 and 14 years old33,688 companies in the comparison
No. 1,339of 33,588
Better than 96%
No. 1,162of 33,687
Better than 97%
All companies of type ApS66,508 companies in the comparison
No. 1,528of 66,379
Better than 98%
No. 2,000of 66,505
Better than 97%

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. Monthio ApSDKK 28.6m
  2. Stibo Systems A/SDKK 916.6m
  3. Trackunit ApSDKK 897.1m
Net profit
  1. Monthio ApS−DKK 23.9m
  2. Stibo Systems A/SDKK 155.9m
  3. Trackunit ApSDKK 206.3m
Equity
  1. Monthio ApSDKK 52.4m
  2. Stibo Systems A/SDKK 309.7m
  3. Trackunit ApSDKK 1.7bn
Employees
  1. Monthio ApS65
  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
  • Herust Holding ApS5%
  • Siriva ApS5%
  • Danmarks Eksport- og Investeringsfond10%
  • SmartFinance Holding ApS33.33%
  • Harmar AB5%
Monthio ApS

Management

5 active registrations

Executive management

Executive management at Monthio ApS
NameRoleAppointed
Mads Aarup PedersenCEO18/05/2018

Board of directors

Board of directors at Monthio ApS
NameRoleAppointed
Jakob EkkelundBoard member23/06/2025
Jacob Arup Bratting PedersenBoard member24/10/2025
Mads Aarup PedersenBoard member25/06/2026
Glenn Olof SöderholmChair of the board25/06/2026
Founders
Semper Ardens ApS, Mads Aarup Pedersen, Ole Herstal
Former management (14)
Former management at Monthio ApS
NameRoleAppointedResigned
Ole HerstalDirector18/05/201818/05/2018
Ole HerstalBoard member14/09/201819/12/2018
Mads Aarup PedersenBoard member20/12/201812/06/2023
Richard BreiterBoard member20/12/201811/02/2021
Ole HerstalChair of the board20/12/201810/03/2020
Ole HerstalBoard member11/03/202019/05/2021
Tina VolsgaardChair of the board11/03/202020/05/2021
Hans Henrik HoffmeyerBoard member11/02/202123/06/2025
Rikke Kjær NielsenBoard member11/02/202123/06/2025
Ole HerstalChair of the board20/05/202117/06/2022
Jakob EkkelundChair of the board17/06/202222/06/2025
Glenn Olof SöderholmBoard member12/06/202324/06/2026
Mathias Christian Voigt KaasgaardBoard member07/06/202424/10/2025
Torsten Hagen JørgensenChair of the board23/06/202525/06/2026

Signing rule: Selskabet tegnes af tre bestyrelsesmedlemmer eller af Selskabets administrerende direktør og bestyrelsesformanden i forening

Address and production units

1 active production units

Øster Allé 56
2100 København Ø

København Municipality · Postcode 2100

Production units
Production unitAddressEmployeesP number
Monthio ApSØster Allé 56, 2, 2100 København Ø651023663143

Purpose

Selskabets formål er at levere IT løsninger til understøttelse af finansielle beslutninger.

The purpose is quoted from the register in Danish.

Changes year by year

87 registered events
20266 changesaccounts 1 · management 4 · capital 1
  • Annual report for 2025 published
  • Glenn Olof Söderholm appointed chair of the board
  • Mads Aarup Pedersen appointed board member
  • Torsten Hagen Jørgensen stepped down as chair of the board
  • Glenn Olof Söderholm stepped down as board member
  • Share capital changed from 2,308,191 DKK to 2,312,191 DKK
202513 changesmanagement 7 · capital 2 · accounts 1 · ownership 3
  • Jacob Arup Bratting Pedersen appointed board member
  • Mathias Christian Voigt Kaasgaard stepped down as board member
  • Share capital changed from 2,306,691 DKK to 2,308,191 DKK
  • Annual report for 2024 published
  • Jakob Ekkelund appointed board member
  • Torsten Hagen Jørgensen appointed chair of the board
  • Rikke Kjær Nielsen stepped down as board member
  • Hans Henrik Hoffmeyer stepped down as board member
  • Jakob Ekkelund stepped down as chair of the board
  • Share capital changed from 2,004,180 DKK to 2,306,691 DKK
  • SmartFinance Holding ApS registered as owner (33.33%)
  • Harmar AB registered as owner (5%)
  • SmartFinance Holding ApS is no longer registered as owner
20249 changescapital 3 · accounts 1 · management 1 · ownership 3 · address 1
  • Share capital changed from 1,979,979 DKK to 2,004,180 DKK
  • Annual report for 2023 published
  • Share capital changed from 1,798,470 DKK to 1,979,979 DKK
  • Mathias Christian Voigt Kaasgaard appointed board member
  • Danmarks Eksport- og Investeringsfond registered as owner (10%)
  • Share capital changed from 1,778,913 DKK to 1,798,470 DKK
  • Moved to Øster Allé 56, 2, 2100 København Ø
  • Siriva ApS registered as owner (5%)
  • The Riks ApS is no longer registered as owner
20239 changesmanagement 2 · capital 1 · ownership 6
  • Glenn Olof Söderholm appointed board member
  • Mads Aarup Pedersen stepped down as board member
  • Share capital changed from 1,706,202 DKK to 1,778,913 DKK
  • HERUST HOLDING ApS registered as owner (5%)
  • Mads Aarup Pedersen registered as owner (50%)
  • Mads Aarup Pedersen is no longer registered as owner
  • Mads Aarup Pedersen is no longer registered as owner
  • HERUST HOLDING ApS is no longer registered as owner
  • SmartFinance Holding ApS registered as owner (50%)
202212 changesmanagement 2 · ownership 9 · capital 1
  • Jakob Ekkelund appointed chair of the board
  • Ole Herstal stepped down as chair of the board
  • Mads Aarup Pedersen registered as owner (66.67%)
  • HERUST HOLDING ApS registered as owner (10%)
  • Ole Herstal is no longer registered as owner
  • HERUST HOLDING ApS is no longer registered as owner
  • Mads Aarup Pedersen is no longer registered as owner
  • Share capital changed from 1,597,873 DKK to 1,706,202 DKK
  • The Riks ApS registered as owner (5%)
  • Rikke Kjær Nielsen registered as owner (5%)
  • Rikke Kjær Nielsen is no longer registered as owner
  • Rune Heinrichson is no longer registered as owner
20219 changesownership 1 · capital 2 · management 6
  • PreSeed Ventures A/S is no longer registered as owner
  • Share capital changed from 1,593,957 DKK to 1,597,873 DKK
  • Ole Herstal appointed chair of the board
  • Tina Volsgaard stepped down as chair of the board
  • Ole Herstal stepped down as board member
  • Share capital changed from 1,398,186 DKK to 1,593,957 DKK
  • Rikke Kjær Nielsen appointed board member
  • Hans Henrik Hoffmeyer appointed board member
  • Richard Breiter stepped down as board member
20206 changesaddress 1 · ownership 1 · capital 1 · management 3
  • Moved to Øster Allé 56, 4. th, 2100 København Ø
  • Rune Heinrichson registered as owner (5%)
  • Share capital changed from 1,196,918 DKK to 1,398,186 DKK
  • Ole Herstal appointed board member
  • Tina Volsgaard appointed chair of the board
  • Ole Herstal stepped down as chair of the board
20192 changesaccounts 1 · address 1
  • Annual report for 2018 published
  • Moved to Ragnagade 7, st, 2100 København Ø
201821 changescapital 3 · management 8 · ownership 8 · address 1 · founded 1
  • Share capital changed from 1,000,000 DKK to 1,196,918 DKK
  • Richard Breiter appointed board member
  • Mads Aarup Pedersen appointed board member
  • Ole Herstal appointed chair of the board
  • PreSeed Ventures A/S registered as owner (5%)
  • Ole Herstal stepped down as board member
  • Share capital changed from 250,000 DKK to 1,000,000 DKK
  • HERUST HOLDING ApS registered as owner (5%)
  • Share capital changed from 50,000 DKK to 250,000 DKK
  • Ole Herstal appointed board member
  • Ole Herstal registered as owner (5%)
  • Mads Aarup Pedersen registered as owner (50%)
  • Mads Aarup Pedersen is no longer registered as owner
  • Moved to Langelinie Allé 47, 2100 København Ø
  • Registered as Monthio ApS
  • Mads Aarup Pedersen appointed ceo
  • Ole Herstal appointed director
  • Ole Herstal stepped down as director
  • Ole Herstal registered as owner (20%)
  • Ole Herstal is no longer registered as owner
  • Mads Aarup Pedersen registered as owner (100%)

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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. 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