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Morningtrain ApS

Private limited companyCVR 33362749Odense CActive

Morningtrain ApS is a private limited company, based in Odense C, active in computer programming activities, founded in 2010. After a loss in 2024, the company made a profit of DKK 735k in 2025. With 35 employees, the company is about 9 times larger than the industry median. Gross profit is higher than that of 86% of the companies in the industry in the database.

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Key figures · financial year 2025

Gross profitDKK 21m−1.3% vs. 2024
Net profitDKK 735k+556.3% vs. 2024
EquityDKK 6m+13.9% vs. 2024
Employees35latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Gross profit fell 1% (2024 → 2025), to DKK 21m.
  • Net profit went from a loss of DKK 161k to a profit of DKK 735k (2024 → 2025).
  • Equity rose 14% (2024 → 2025), to DKK 6m.

Employees

  • 2 fewer employees than a year earlier: 35 (08/2026) against 37 (08/2025).

Registrations, last 24 months

  • 23/03/2026: Moved to Rugårdsvej 55A, 1. tv, 5000 Odense C
  • 20/03/2026: Name changed from Mornings ApS to Morningtrain ApS
  • 25/03/2025: Moved to Rugårdsvej 55A, 1. tv, 5000 Odense 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 1mDKK 0DKK 1mDKK 2mDKK 3mDKK 4mDKK 5mDKK 6mDKK 7m202020212022202320242025
EquityNet profit
Financial figures for Morningtrain ApS
202020212022202320242025Change
Revenuenot statednot statednot statednot statednot statednot stated–
Gross profit16,23322,26623,62920,42821,27021,000−1.3%
Operating profit (EBIT)4,0834,7023,16450−227929+509.6%
Profit before tax4,0584,6783,12265−200946+573.6%
Net profit3,1663,6342,42745−161735+556.3%
Total assets11,86012,59510,7798,9398,5268,424−1.2%
Equity5,3266,9606,3865,4315,2706,005+13.9%
Liabilities6,3135,3674,0443,1653,0842,321−24.7%
Cash and cash equivalents9,2044,3877,6585,2815,1756,428+24.2%
Average number of employees314345414237−11.9%

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 5mDKK 10mDKK 15mDKK 20mDKK 25m202020212022202320242025
Gross profitMedian, the industry (1,661 companies)

Annual reports

6 financial years
Annual reports for Morningtrain ApS
Financial yearPeriodPublishedFigures forDocuments
202501/01/2025 – 31/12/202530/03/2026The companyPDF not statedXBRL
202401/01/2024 – 31/12/202416/06/2025The companyPDFXBRL
202301/01/2023 – 31/12/202325/04/2024The companyPDFXBRL
202201/01/2022 – 31/12/202202/03/2023The companyPDFXBRL
202101/01/2021 – 31/12/202103/03/2022The companyPDFXBRL
202001/01/2020 – 31/12/202012/02/2021The 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
01020304009/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/2608/26
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 21mNo. 226 of 1,656
Better than 86% of the companies in the industry
EquityDKK 6mNo. 370 of 1,661
Better than 78% of the companies in the industry
Number of employees35No. 144 of 1,661
Better than 91% 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 20–49 employees9,922 companies in the comparison
No. 2,638of 9,892
Better than 73%
No. 4,282of 9,922
Better than 57%
Same industry and 20–49 employees183 companies in the comparison
No. 93of 182
Better than 49%
No. 99of 183
Better than 46%
Companies that are between 15 and 29 years old24,910 companies in the comparison
No. 3,242of 24,791
Better than 87%
No. 8,850of 24,909
Better than 64%
All companies of type ApS66,508 companies in the comparison
No. 2,301of 66,379
Better than 97%
No. 9,877of 66,505
Better than 85%

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. Morningtrain ApSDKK 21m
  2. Stibo Systems A/SDKK 916.6m
  3. Trackunit ApSDKK 897.1m
Net profit
  1. Morningtrain ApSDKK 735k
  2. Stibo Systems A/SDKK 155.9m
  3. Trackunit ApSDKK 206.3m
Equity
  1. Morningtrain ApSDKK 6m
  2. Stibo Systems A/SDKK 309.7m
  3. Trackunit ApSDKK 1.7bn
Employees
  1. Morningtrain ApS35
  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
  • Martinussen & Johansen Invest ApS10%
  • P. Thomsen Holding ApS15%
  • Schadegg Brønniche Holding ApS15%
  • Hugr Holding ApS15%
  • Spacechild Holding ApS15%
  • Simonde og Øster Finans Holding ApS15%
Morningtrain ApS

Management

2 active registrations

Executive management

Executive management at Morningtrain ApS
NameRoleAppointed
Peter Lund ThomsenDirector22/06/2016
Thomas Mailund ØsterkjerhuusCEO01/03/2023
Founders
Cong Chinh Do, Tony Do, Karsten Madsen, Bjarne Reuss Bonde, Peter Lund Thomsen
Former management (4)
Former management at Morningtrain ApS
NameRoleAppointedResigned
Tony DoCEO09/12/201022/04/2014
Karsten MadsenCEO14/06/201431/12/2019
Bjarne Reuss BondeDirector14/06/201416/10/2019
Martin Schadegg BrønnicheDirector09/09/201416/10/2019

Signing rule: Selskabet tegnes af en direktør

Address and production units

1 active production units

Rugårdsvej 55A
5000 Odense C

Odense Municipality · Postcode 5000

Other companies at the address (1)

Production units
Production unitAddressEmployeesP number
Morningtrain ApSRugårdsvej 55A, 1. tv, 5000 Odense C351016499419

Purpose

Selskabets formål er at drive virksomhed med computerprogrammering samt enhver i forbindelse hermed stående virksomhed.

The purpose is quoted from the register in Danish.

Changes year by year

62 registered events
20263 changesaccounts 1 · address 1 · name 1
  • Annual report for 2025 published
  • Moved to Rugårdsvej 55A, 1. tv, 5000 Odense C
  • Name changed from Mornings ApS to Morningtrain ApS
20252 changesaccounts 1 · address 1
  • Annual report for 2024 published
  • Moved to Rugårdsvej 55A, 1. tv, 5000 Odense C
20241 changeaccounts 1
  • Annual report for 2023 published
20234 changesaddress 1 · name 1 · accounts 1 · management 1
  • Moved to Rugårdsvej 55A, 1. tv, 5000 Odense C
  • Name changed from MORNING TRAIN TECHNOLOGIES ApS to Mornings ApS
  • Annual report for 2022 published
  • Thomas Mailund Østerkjerhuus appointed ceo
20221 changeaccounts 1
  • Annual report for 2021 published
202111 changesownership 10 · accounts 1
  • Hugr Holding ApS registered as owner (15%)
  • Simonde og Øster Finans Holding ApS registered as owner (15%)
  • Spacechild Holding ApS registered as owner (15%)
  • P. Thomsen Holding ApS registered as owner (15%)
  • Schadegg Brønniche Holding ApS registered as owner (15%)
  • Simonde og Øster Finans Holding ApS is no longer registered as owner
  • P. Thomsen Holding ApS is no longer registered as owner
  • Spacechild Holding ApS is no longer registered as owner
  • Schadegg Brønniche Holding ApS is no longer registered as owner
  • Hugr Holding ApS is no longer registered as owner
  • Annual report for 2020 published
20198 changesmanagement 3 · capital 1 · ownership 2 · address 2
  • Karsten Madsen stepped down as ceo
  • Share capital changed from 89,600 DKK to 112,000 DKK
  • Martin Schadegg Brønniche stepped down as director
  • Bjarne Reuss Bonde stepped down as director
  • Simonde og Øster Finans Holding ApS registered as owner (10%)
  • Martinussen & Johansen Invest ApS registered as owner (10%)
  • Moved to Rugårdsvej 55A, 1. tv, 5000 Odense C
  • Moved to Rugårdsvej 55A, 1. tv, 5000 Odense C
20185 changesaddress 2 · capital 1 · ownership 2
  • Moved to Rugårdsvej 55A, 1. tv, 5000 Odense C
  • Moved to Gammelsø 4, 1. th, 5000 Odense C
  • Share capital changed from 84,000 DKK to 89,600 DKK
  • P. Thomsen Holding ApS registered as owner (20%)
  • P. Thomsen Holding ApS is no longer registered as owner
201712 changesownership 10 · capital 1 · address 1
  • Spacechild Holding ApS registered as owner (20%)
  • P. Thomsen Holding ApS registered as owner (20%)
  • Schadegg Brønniche Holding ApS registered as owner (20%)
  • Hugr Holding ApS registered as owner (20%)
  • Peter Lund Thomsen is no longer registered as owner
  • Karsten Madsen is no longer registered as owner
  • Martin Schadegg Brønniche is no longer registered as owner
  • Bjarne Reuss Bonde is no longer registered as owner
  • Share capital changed from 80,000 DKK to 84,000 DKK
  • Peter Lund Thomsen registered as owner (20%)
  • Peter Lund Thomsen is no longer registered as owner
  • Moved to Gammelsø 4, 1. th, 5000 Odense C
20161 changemanagement 1
  • Peter Lund Thomsen appointed director
20151 changeaddress 1
  • Moved to Gammelsø 4, 1. th, 5000 Odense C
20148 changesmanagement 4 · ownership 4
  • Martin Schadegg Brønniche appointed director
  • Karsten Madsen registered as owner (25%)
  • Peter Lund Thomsen registered as owner (15%)
  • Martin Schadegg Brønniche registered as owner (25%)
  • Bjarne Reuss Bonde registered as owner (25%)
  • Karsten Madsen appointed ceo
  • Bjarne Reuss Bonde appointed director
  • Tony Do stepped down as ceo
20131 changeaddress 1
  • Moved to Åsumvej 93, 5240 Odense NØ
20112 changesaddress 2
  • Moved to Rapsmarken 3, 1. 8, 5260 Odense S
  • Moved to Kristiansmindevej 16, 6330 Padborg
20102 changesfounded 1 · management 1
  • Registered as MORNING TRAIN TECHNOLOGIES ApS
  • Tony Do appointed ceo

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

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