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Ncap Denmark A/S

Public limited companyCVR 36486724Frederiksberg CActive

Ncap Denmark A/S is a public limited company, based in Frederiksberg C, active in management of real estate on a contract basis, founded in 2015. Net profit rose 578% from 2024 to 2025, ending at DKK 2.1m. Profit has grown three years in a row. Equity grew to DKK 5.2m in 2025.

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Key figures · financial year 2025

RevenueDKK 19.8m+104.3% vs. 2024
Net profitDKK 2.1m+578.1% vs. 2024
EquityDKK 5.2m+66.4% vs. 2024
Employees8latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Gross profit rose 89% (2024 → 2025), to DKK 12.9m.
  • Revenue rose 104% (2024 → 2025), to DKK 19.8m.
  • Net profit rose 578% (2024 → 2025), to DKK 2.1m.
  • Equity rose 66% (2024 → 2025), to DKK 5.2m.

Management and owners, last 24 months

  • New in management: Niels Keergaard Christiansen (board member, 27/06/2025), Björn Hallin (chair of the board, 27/06/2025) and Douglas George Petheram (board member, 27/06/2025) (+1).
  • Stepped down: Björn Hallin (director, 27/06/2025), John David Routledge (director, 27/06/2025) and Douglas George Petheram (director, 27/06/2025).

Registrations, last 24 months

  • 23/04/2026: Industry changed to Management of real estate on a contract basis (683210)
  • 02/03/2026: Moved to Gammel Kongevej 60, 8, 1850 Frederiksberg C
  • 27/06/2025: Share capital changed from 54,000 DKK to 400,000 DKK
  • 27/06/2025: Name changed from NCAP DENMARK ApS to NCAP DENMARK A/S
  • 01/01/2025: Industry changed to Real estate agencies (683110)

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 0DKK 1mDKK 2mDKK 3mDKK 4mDKK 5m202020212022202320242025
EquityNet profit
Financial figures for Ncap Denmark A/S
202020212022202320242025Change
Revenue4,8385,90715,4618,7909,70719,828+104.3%
Gross profit2,8664,0987,2474,7196,84512,930+88.9%
Operating profit (EBIT)674511,2492313862,669+591.4%
Profit before tax641101,2212393982,662+569.1%
Net profit49519441823042,061+578.1%
Total assets2,7192,8626,0613,3364,6466,719+44.6%
Equity1,6711,6722,6152,7983,1025,162+66.4%
Liabilities1,0401,1773,4285171,5181,536+1.2%
Cash and cash equivalents2,2962,1743,5612,5341,8134,582+152.7%
Average number of employees334579+28.6%

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.

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

DKK 0DKK 2mDKK 4mDKK 6mDKK 8mDKK 10mDKK 12m202020212022202320242025
Gross profitMedian, the industry (332 companies)

Signals from the financial statements

calculated from the 2025 figures

  • Profit 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
Annual reports for Ncap Denmark A/S
Financial yearPeriodPublishedFigures forDocuments
202501/01/2025 – 31/12/202515/06/2026The companyPDF not statedXBRL
202401/01/2024 – 31/12/202404/07/2025The companyPDFXBRL
202301/01/2023 – 31/12/202329/06/2024The companyPDFXBRL
202201/01/2022 – 31/12/202230/06/2023The companyPDFXBRL
202101/01/2021 – 31/12/202122/06/2022The companyPDFXBRL
202001/01/2020 – 31/12/202001/07/2021The 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
024681008/2309/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/26
Employees

Position in the industry

332 companies in the database

Comparison with the other companies in management of real estate on a contract basis based on the latest financial year.

Gross profitDKK 12.9mNo. 66 of 328
Better than 80% of the companies in the industry
EquityDKK 5.2mNo. 150 of 332
Better than 55% of the companies in the industry
Number of employees8No. 99 of 332
Better than 70% of the companies in the industry

Industry median: gross profit DKK 2.6m, net profit DKK 401k, equity DKK 3.8m, 3 employees.

DKK 100kDKK 886kDKK 7.8mDKK 69.5mDKK 297.6mHere
Distribution of gross profit for 292 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. 3,099of 69,742
Better than 96%
No. 13,861of 69,964
Better than 80%
Same industry and fewer than 20 employees278 companies in the comparison
No. 23of 274
Better than 92%
No. 115of 278
Better than 59%
Companies that are between 5 and 14 years old33,688 companies in the comparison
No. 3,303of 33,588
Better than 90%
No. 5,945of 33,687
Better than 82%
All companies of type A/S18,025 companies in the comparison
No. 7,838of 17,786
Better than 56%
No. 11,362of 18,024
Better than 37%

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

Management of real estate on a contract basis
Gross profit
  1. Ncap Denmark A/SDKK 12.9m
  2. Balder Danmark A/SDKK 615.8m
  3. Deas A/SDKK 348.2m
Net profit
  1. Ncap Denmark A/SDKK 2.1m
  2. Balder Danmark A/SDKK 765.8m
  3. Deas A/S−DKK 84.5m
Equity
  1. Ncap Denmark A/SDKK 5.2m
  2. Balder Danmark A/SDKK 6.4bn
  3. Deas A/SDKK 45.9m
Employees
  1. Ncap Denmark A/S8
  2. Balder Danmark A/S108
  3. Deas A/S503

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
  • Ncd Holding ApS25%
  • Fridhem Asset Management AB25%
  • Broad Oak AB25%
  • Springwater Property Ltd.25%
Ncap Denmark A/S

Management

5 active registrations

Executive management

Executive management at Ncap Denmark A/S
NameRoleAppointed
Niels Keergaard ChristiansenDirector23/02/2015

Board of directors

Board of directors at Ncap Denmark A/S
NameRoleAppointed
Niels Keergaard ChristiansenBoard member27/06/2025
Björn HallinChair of the board27/06/2025
Douglas George PetheramBoard member27/06/2025
John David RoutledgeBoard member27/06/2025
Founders
ApS Kburs 17 Nr. 6919
Former management (5)
Former management at Ncap Denmark A/S
NameRoleAppointedResigned
Peter Andreas StakemannDirector01/01/201523/02/2015
Clemens WieseDirector23/02/201530/06/2019
Björn HallinDirector23/02/201527/06/2025
John David RoutledgeDirector30/06/201927/06/2025
Douglas George PetheramDirector20/01/202027/06/2025

Signing rule: Selskabet tegnes af to bestyrelsesmedlemmer i forening, af et bestyrelsesmedlem i forening med direktøren eller af den samlede bestyrelse i forening.

Address and production units

1 active production units

Gammel Kongevej 60
1850 Frederiksberg C

Frederiksberg Municipality · Postcode 1850

Production units
Production unitAddressEmployeesP number
NCAP DENMARK A/SGammel Kongevej 60, 8, 1850 Frederiksberg C81020052720

Purpose

Selskabets formål er at drive holdingvirksomhed samt at drive virksomhed ved investering i fast ejendom, administration og forvaltning af fast ejendom samt anden beslægtet virksomhed.

The purpose is quoted from the register in Danish.

Changes year by year

45 registered events
20263 changesaccounts 1 · industry 1 · address 1
  • Annual report for 2025 published
  • Industry changed to Management of real estate on a contract basis (683210)
  • Moved to Gammel Kongevej 60, 8, 1850 Frederiksberg C
202511 changesaccounts 1 · name 1 · capital 1 · management 7 · industry 1
  • Annual report for 2024 published
  • Name changed from NCAP DENMARK ApS to NCAP DENMARK A/S
  • Share capital changed from 54,000 DKK to 400,000 DKK
  • Niels Keergaard Christiansen appointed board member
  • Björn Hallin appointed chair of the board
  • Douglas George Petheram appointed board member
  • John David Routledge appointed board member
  • Douglas George Petheram stepped down as director
  • John David Routledge stepped down as director
  • Björn Hallin stepped down as director
  • Industry changed to Real estate agencies (683110)
20241 changeaccounts 1
  • Annual report for 2023 published
20231 changeaccounts 1
  • Annual report for 2022 published
20221 changeaccounts 1
  • Annual report for 2021 published
20211 changeaccounts 1
  • Annual report for 2020 published
20201 changemanagement 1
  • Douglas George Petheram appointed director
20194 changesmanagement 2 · ownership 2
  • John David Routledge appointed director
  • Clemens Wiese stepped down as director
  • Springwater Property Ltd. registered as owner (25%)
  • CW Eiendomsinvest AS is no longer registered as owner
20177 changesownership 7
  • NCD HOLDING ApS registered as owner (25%)
  • CW Eiendomsinvest AS registered as owner (25%)
  • Fridhem Asset Management AB registered as owner (25%)
  • Broad Oak AB registered as owner (25%)
  • CW Eiendomsinvest AS is no longer registered as owner
  • Fridhem Asset Management AB is no longer registered as owner
  • NCD HOLDING ApS is no longer registered as owner
20162 changesname 1 · capital 1
  • Name changed from NCAP DANMARK ApS to NCAP DENMARK ApS
  • Share capital changed from 51,000 DKK to 54,000 DKK
201513 changesaddress 2 · name 1 · capital 1 · management 5 · ownership 3 · founded 1
  • Moved to Bredgade 30, 1260 København K
  • Moved to Østergade 13, 2, 1100 København K
  • Name changed from ApS STM NR. 2056 to NCAP DANMARK ApS
  • Share capital changed from 50,000 DKK to 51,000 DKK
  • Niels Keergaard Christiansen appointed director
  • Clemens Wiese appointed director
  • Björn Hallin appointed director
  • Peter Andreas Stakemann stepped down as director
  • CW Eiendomsinvest AS registered as owner (33.33%)
  • Fridhem Asset Management AB registered as owner (33.33%)
  • NCD HOLDING ApS registered as owner (33.33%)
  • Registered as ApS STM NR. 2056
  • Peter Andreas Stakemann appointed director

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.

View in CVRReport a correction