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Music Group Denmark A/S

Public limited companyCVR 33777175RisskovActive

Music Group Denmark A/S is a public limited company, based in Risskov, active in wholesale of radio, television, photographic and optical goods, founded in 2011. The company made a loss in both 2024 and 2025, most recently DKK 2m. Equity fell to DKK 387k in 2025.

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Key figures · financial year 2025

Gross profitDKK 4.9m−19.2% vs. 2024
Net profit−DKK 2m−1.5% vs. 2024
EquityDKK 387k−83.9% vs. 2024
Employees11latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Gross profit fell 19% (2024 → 2025), to DKK 4.9m.
  • The loss grew: from DKK 2m to DKK 2m (2024 → 2025).
  • Equity fell 84% (2024 → 2025), to DKK 387k.

Employees

  • 11 fewer employees than a year earlier: 11 (08/2026) against 22 (08/2025).

Management and owners, last 24 months

  • New in management: Mark Christoffer Fjeldgaard Arensbach (board member, 01/10/2025), William Vester Bertelsen (chair of the board, 01/10/2025) and Jonas Mørkøre Andersen (board member, 01/05/2025).
  • Stepped down: Mette Vester Bertelsen (board member, 30/04/2025), William Vester Bertelsen (board member, 30/09/2025) and Jonas Mørkøre Andersen (board member, 30/09/2025).

Registrations, last 24 months

  • 01/01/2025: Industry changed to Wholesale of radio, television, photographic and optical goods (464320)

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 4m−DKK 2mDKK 0DKK 2mDKK 4mDKK 6mDKK 8m202020212022202320242025
EquityNet profit
Financial figures for Music Group Denmark A/S
202020212022202320242025Change
Revenuenot statednot statednot statednot statednot statednot stated–
Gross profit5,7148,61210,6437,1506,0254,866−19.2%
Operating profit (EBIT)2,3054,0694,138853−1,008−1,320−31%
Profit before tax2,2434,0923,845260−1,982−2,012−1.5%
Net profit1,7393,1912,970196−1,982−2,012−1.5%
Total assets15,01526,64827,09024,12718,67319,538+4.6%
Equity6,0048,9954,9664,3812,400387−83.9%
Liabilities8,97817,60222,05319,74516,27319,151+17.7%
Cash and cash equivalents–1391,5621,452481888+84.8%
Average number of employees81014141613−18.8%

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 (87 companies)

Signals from the financial statements

calculated from the 2025 figures

  • Loss for 2 years in a row

    Net result has been negative in 2024–2025.

    How is this calculated?

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

  • Equity fell sharply

    Equity fell 84% from 2024 to 2025 (DKK 2.4m to DKK 387k).

    How is this calculated?

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

  • Low equity ratio

    Equity makes up 2% of total assets in 2025.

    How is this calculated?

    Equity ÷ total assets is below 10% in the latest annual report. Banks, insurers and some industries naturally have a low ratio.

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 Music Group Denmark A/S
Financial yearPeriodPublishedFigures forDocuments
202501/10/2024 – 30/09/202531/03/2026The companyPDF not statedXBRL
202401/10/2023 – 30/09/202413/03/2025The companyPDFXBRL
202301/10/2022 – 30/09/202305/04/2024The companyPDFXBRL
202201/10/2021 – 30/09/202209/01/2023The companyPDFXBRL
202101/10/2020 – 30/09/202103/12/2021The companyPDFXBRL
202001/10/2019 – 30/09/202021/12/2020The 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
051015202509/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/2608/26
Employees

Position in the industry

87 companies in the database

Comparison with the other companies in wholesale of radio, television, photographic and optical goods based on the latest financial year.

Gross profitDKK 4.9mNo. 38 of 87
Better than 57% of the companies in the industry
EquityDKK 387kNo. 79 of 87
Better than 9% of the companies in the industry
Number of employees11No. 21 of 87
Better than 77% of the companies in the industry

Industry median: gross profit DKK 3.8m, net profit DKK 455k, equity DKK 4.6m, 6 employees.

DKK 100kDKK 756kDKK 5.7mDKK 43.3mDKK 166.7mHere
Distribution of gross profit for 80 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. 13,826of 69,742
Better than 80%
No. 44,844of 69,964
Better than 36%
Same industry and fewer than 20 employees68 companies in the comparison
No. 19of 68
Better than 73%
No. 61of 68
Better than 10%
Companies that are between 15 and 29 years old24,910 companies in the comparison
No. 9,932of 24,791
Better than 60%
No. 21,157of 24,909
Better than 15%
All companies of type A/S18,025 companies in the comparison
No. 12,084of 17,786
Better than 32%
No. 16,826of 18,024
Better than 7%

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

Wholesale of radio, television, photographic and optical goods
Gross profit
  1. Music Group Denmark A/SDKK 4.9m
  2. Harman Professional Denmark ApSDKK 327.2m
  3. HiFi Klubben International A/SDKK 266.1m
Net profit
  1. Music Group Denmark A/S−DKK 2m
  2. Harman Professional Denmark ApS−DKK 280.9m
  3. HiFi Klubben International A/SDKK 40.7m
Equity
  1. Music Group Denmark A/SDKK 387k
  2. Harman Professional Denmark ApSDKK 114.9m
  3. HiFi Klubben International A/SDKK 122.9m
Employees
  1. Music Group Denmark A/S11
  2. Harman Professional Denmark ApS126
  3. HiFi Klubben International A/S124

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
  • Retail Company ApS100%
Music Group Denmark A/S

Management

4 active registrations

Executive management

Executive management at Music Group Denmark A/S
NameRoleAppointed
Palle BertelsenCEO19/06/2024

Board of directors

Board of directors at Music Group Denmark A/S
NameRoleAppointed
Palle BertelsenBoard member19/06/2024
Mark Christoffer Fjeldgaard ArensbachBoard member01/10/2025
William Vester BertelsenChair of the board01/10/2025
Founders
Retail Company ApS, Music Group Holding ApS
Former management (16)
Former management at Music Group Denmark A/S
NameRoleAppointedResigned
Allan Bagger SteenfeldtBoard member04/07/201130/04/2014
Allan Bagger SteenfeldtCEO04/07/201130/04/2014
Claus René HansenChair of the board01/05/201430/09/2021
Palle BertelsenBoard member01/05/201430/09/2021
Palle BertelsenCEO01/05/201430/09/2021
Mette Vester BertelsenBoard member01/05/201430/09/2021
Claus René HansenBoard member01/10/202130/09/2024
Palle BertelsenChair of the board01/10/202118/06/2024
Anders IversenBoard member01/10/202131/08/2023
Anders IversenCEO01/10/202131/08/2023
Jon Richard Søby RøsandBoard member01/09/202319/06/2024
Jon Richard Søby RøsandCEO01/09/202319/06/2024
Stefan RosenlundBoard member01/10/202330/09/2024
Mette Vester BertelsenBoard member01/10/202430/04/2025
William Vester BertelsenBoard member01/10/202430/09/2025
Jonas Mørkøre AndersenBoard member01/05/202530/09/2025

Signing rule: Selskabet tegnes af 1 direktør eller et bestyrelsesmedlem

Address and production units

1 active production units

Norddigesvej 4
8240 Risskov

Aarhus Municipality · Postcode 8240

Production units
Production unitAddressEmployeesP number
MUSIC GROUP DENMARK A/SNorddigesvej 4, 8240 Risskov111016971576

Purpose

Selskabets formål er at drive virksomhed med e-handel og service samt dermed beslægtet virksomhed.

The purpose is quoted from the register in Danish.

Changes year by year

58 registered events
20261 changeaccounts 1
  • Annual report for 2025 published
20258 changesmanagement 6 · accounts 1 · industry 1
  • Mark Christoffer Fjeldgaard Arensbach appointed board member
  • William Vester Bertelsen appointed chair of the board
  • Jonas Mørkøre Andersen stepped down as board member
  • William Vester Bertelsen stepped down as board member
  • Jonas Mørkøre Andersen appointed board member
  • Mette Vester Bertelsen stepped down as board member
  • Annual report for 2024 published
  • Industry changed to Wholesale of radio, television, photographic and optical goods (464320)
202412 changesmanagement 9 · ownership 2 · accounts 1
  • William Vester Bertelsen appointed board member
  • Mette Vester Bertelsen appointed board member
  • Stefan Rosenlund stepped down as board member
  • Claus René Hansen stepped down as board member
  • Palle Bertelsen appointed board member
  • Palle Bertelsen appointed ceo
  • Jon Richard Søby Røsand stepped down as board member
  • Jon Richard Søby Røsand stepped down as ceo
  • RETAIL COMPANY ApS registered as owner (100%)
  • Music Group Denmark Holding ApS is no longer registered as owner
  • Palle Bertelsen stepped down as chair of the board
  • Annual report for 2023 published
20236 changesmanagement 5 · accounts 1
  • Stefan Rosenlund appointed board member
  • Jon Richard Søby Røsand appointed board member
  • Jon Richard Søby Røsand appointed ceo
  • Anders Iversen stepped down as ceo
  • Anders Iversen stepped down as board member
  • Annual report for 2022 published
20225 changesownership 5
  • Music Group Denmark Holding ApS registered as owner (100%)
  • RETAIL COMPANY ApS is no longer registered as owner
  • RETAIL COMPANY ApS registered as owner (100%)
  • Dansk Web Salg ApS is no longer registered as owner
  • RETAIL COMPANY ApS is no longer registered as owner
20219 changesaccounts 1 · management 8
  • Annual report for 2021 published
  • Claus René Hansen appointed board member
  • Anders Iversen appointed ceo
  • Anders Iversen appointed board member
  • Palle Bertelsen appointed chair of the board
  • Mette Vester Bertelsen stepped down as board member
  • Palle Bertelsen stepped down as board member
  • Claus René Hansen stepped down as chair of the board
  • Palle Bertelsen stepped down as ceo
20204 changesaccounts 1 · ownership 3
  • Annual report for 2020 published
  • RETAIL COMPANY ApS registered as owner (66.67%)
  • Dansk Web Salg ApS registered as owner (10%)
  • RETAIL COMPANY ApS is no longer registered as owner
20171 changeaddress 1
  • Moved to Norddigesvej 4, 8240 Risskov
20161 changeaddress 1
  • Moved to Dalsagervej 25F, 8250 Egå
20147 changesmanagement 6 · ownership 1
  • Mette Vester Bertelsen appointed board member
  • Palle Bertelsen appointed board member
  • Claus René Hansen appointed chair of the board
  • Palle Bertelsen appointed ceo
  • RETAIL COMPANY ApS registered as owner (100%)
  • Allan Bagger Steenfeldt stepped down as board member
  • Allan Bagger Steenfeldt stepped down as ceo
20121 changeaddress 1
  • Moved to Dalsagervej 25, 8250 Egå
20113 changesfounded 1 · management 2
  • Registered as MUSIC GROUP DENMARK A/S
  • Allan Bagger Steenfeldt appointed board member
  • Allan Bagger Steenfeldt appointed ceo

Related companies

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