Novo Holdings A/S
Public limited companyCVR 24257630HellerupActive
Novo Holdings A/S is a public limited company, based in Hellerup, active in trusts, estates and similar financial entities, founded in 1999. Net profit fell 68% from 2024 to 2025, ending at DKK 17bn. 6 other companies in the database are registered at the same address.
Key figures · financial year 2025
What has changed
calculated from recorded figures and datesFinancials: 2025 against 2024
- Net profit fell 68% (2024 → 2025), to DKK 17bn.
- Equity rose 5% (2024 → 2025), to DKK 211.3bn.
Employees
- 2 fewer employees than a year earlier: 75 (08/2026) against 77 (08/2025).
Management and owners, last 24 months
- New in management: Nirmal Prabhakar Narvekar (board member, 14/05/2025), Torsten Mikkel Sløk (board member, 14/05/2025) and Jun Sung Kim (board member, 14/05/2025) (+3).
- Stepped down: Jeppe Christiansen (board member, 14/05/2025), Jean-Luc Butel (board member, 14/05/2025) and Steen Riisgaard (deputy chair, 28/05/2026) (+4).
Registrations, last 24 months
- 01/01/2025: Industry changed to Trusts, estates and similar financial entities (643200)
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 | not stated | – |
| Operating profit (EBIT) | 28,550,000 | 36,759,000 | 2,337,000 | 30,268,000 | 58,802,000 | 19,830,000 | −66.3% |
| Profit before tax | 25,443,000 | 33,327,000 | 5,300,000 | 25,408,000 | 53,077,000 | 16,987,000 | −68% |
| Net profit | 25,443,000 | 33,327,000 | 6,642,000 | 25,431,000 | 53,077,000 | 16,989,000 | −68% |
| Total assets | 155,581,000 | 187,252,000 | 186,248,000 | 210,521,000 | 259,236,000 | 269,791,000 | +4.1% |
| Equity | 131,334,000 | 158,661,000 | 127,303,000 | 152,734,000 | 200,311,000 | 211,301,000 | +5.5% |
| Liabilities | 24,247,000 | 28,591,000 | 58,945,000 | 57,787,000 | 58,925,000 | 58,490,000 | −0.7% |
| Cash and cash equivalents | 336,000 | 190,000 | 411,000 | 1,267,000 | 2,058,000 | 3,544,000 | +72.2% |
| Average number of employees | 78 | 89 | 93 | – | – | – | – |
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
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 | 02/06/2026 | The company | PDF not statedXBRL |
| 2024 | 01/01/2024 – 31/12/2024 | 15/05/2025 | The company | PDF not statedXBRL |
| 2023 | 01/01/2023 – 31/12/2023 | 04/06/2024 | The company | PDF not statedXBRL |
| 2022 | 01/01/2022 – 31/12/2022 | 12/04/2023 | The company | PDFXBRL |
| 2021 | 01/01/2021 – 31/12/2021 | 31/03/2022 | The company | PDFXBRL |
| 2020 | 01/01/2020 – 31/12/2020 | 06/04/2021 | 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
4 companies in the databaseComparison with the other companies in trusts, estates and similar financial entities based on the latest financial year.
Industry median: gross profit DKK 1.4bn, net profit DKK 9.1bn, equity DKK 120.5bn, 71 employees.
Compared with similar companies
size, age and company form| Group | Gross profit | Equity |
|---|---|---|
| Companies with 50–199 employees4,467 companies in the comparison | not stated | No. 3of 4,466 Better than 100% |
| Companies that are between 15 and 29 years old24,910 companies in the comparison | not stated | No. 2of 24,909 Better than 100% |
| All companies of type A/S18,025 companies in the comparison | not stated | No. 3of 18,024 Better than 100% |
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.
Owners and group
from the Public Ownership Register- Novo Nordisk Fonden100%
- NH Aifm P/S100%
- Novo Holdings DK Investment Advisor P/S100%
- de novo foundry ApS100%
- Novo Holdings Business & People Support P/S100%
- RefuelBio ApS66.67%
- Avilex Pharma ApS50%
- Echo TopCo A/S50%
- Dades A/S50%
- 21st.BIO A/S33.33%
- Biosyntia ApS33.33%
- Nnit A/S33.33%
- Matr Foods ApS33.33%
- Orbis Medicines ApS33.33%
- Breye Therapeutics ApS33.33%
- Reduced ApS33.33%
- Chromologics ApS33.33%
- Hoba Therapeutics ApS33.33%
- Acesion Pharma ApS33.33%
- Commit Biologics ApS25%
- Novozymes A/S25%
- Novo Nordisk A/S25%
- Urban Partners A/S20%
- Bactolife A/S20%
- Subra A/S20%
- Glentra Capital P/S20%
- Draupnir Bio ApS20%
- Antag Therapeutics ApS20%
- NMD Pharma A/S15%
- QuantumCell ApS15%
- Muna Therapeutics ApS15%
- Minervax ApS15%
- Reapplix A/S15%
- Sidera Bio ApS15%
- Itinnera Solutions ApS10%
- HPNow ApS10%
- Adcendo ApS5%
- Alveus Therapeutics ApS5%
Subsidiaries are shown only if they are in the database.
Management
10 active registrationsExecutive management
| Name | Role | Appointed |
|---|---|---|
| Kasim Kutay | CEO | 01/11/2016 |
| Nigel Kevin Govett | Director | 01/03/2022 |
Board of directors
| Name | Role | Appointed |
|---|---|---|
| Francis Michael Cyprian Cuss | Board member | 29/09/2017 |
| Viviane Monges | Board member | 23/03/2018 |
| Susanne Antonie Schaffert | Board member | 01/05/2023 |
| Nirmal Prabhakar Narvekar | Board member | 14/05/2025 |
| Torsten Mikkel Sløk | Board member | 14/05/2025 |
| Jun Sung Kim | Board member | 14/05/2025 |
| Lars Green | Chair of the board | 14/11/2025 |
| Britt Meelby Jensen | Deputy chair | 28/05/2026 |
- Founders
- Novo Nordisk Fonden
Former management (27)
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| Ulrik Vilhelm Lassen | Board member | 08/09/1999 | 31/12/1999 |
| Vagn Andersen | Chair of the board | 08/09/1999 | 31/12/1999 |
| Henrik Gürtler | Director | 08/09/1999 | 01/05/2014 |
| Jørgen Boe | Board member | 31/12/1999 | 19/03/2014 |
| Hans Kristian Werdelin | Board member | 31/12/1999 | 01/05/2009 |
| Palle Marcus | Chair of the board | 31/12/1999 | 25/10/2005 |
| Kurt Anker Nielsen | Board member | 01/10/2003 | 28/04/2006 |
| Kurt Anker Nielsen | Director | 01/10/2003 | 01/10/2003 |
| Jan Ulf Sigvard Johansson | Chair of the board | 25/10/2005 | 19/03/2013 |
| Göran Ando | Board member | 28/04/2006 | 23/03/2018 |
| Jeppe Christiansen | Board member | 01/05/2009 | 14/05/2025 |
| Henrik Gürtler | Deputy board member | 19/05/2011 | 20/03/2012 |
| Per Wold-Olsen | Board member | 01/12/2011 | 23/03/2018 |
| Steen Riisgaard | Board member | 19/03/2013 | 26/06/2018 |
| Sten Scheibye | Chair of the board | 19/03/2013 | 27/06/2018 |
| Eivind Drachmann Kolding | CEO | 01/05/2014 | 01/03/2016 |
| Thomas Peter Dyrberg | CEO | 01/03/2016 | 01/09/2016 |
| Kasim Kutay | CEO | 01/09/2016 | 31/10/2016 |
| Peter Helt Jacobsen Haahr | Director | 01/11/2016 | 27/08/2021 |
| Lars Rebien Sørensen | Board member | 17/03/2017 | 26/06/2018 |
| Jean-Luc Butel | Board member | 29/09/2017 | 14/05/2025 |
| Steen Riisgaard | Deputy chair | 27/06/2018 | 28/05/2026 |
| Lars Rebien Sørensen | Chair of the board | 27/06/2018 | 14/11/2025 |
| Poul Carsten Stendevad | Board member | 18/03/2020 | 29/11/2021 |
| Henrik Poulsen | Board member | 18/03/2021 | 14/11/2025 |
| Britt Meelby Jensen | Board member | 25/03/2022 | 27/05/2026 |
| Lars Green | Board member | 14/05/2025 | 13/11/2025 |
Signing rule: Selskabet forpligtes ved underskrift af en anmeldt direktør sammen med et bestyrelsesmedlem eller af to bestyrelsesmedlemmer.
Address and production units
1 active production unitsTuborg Havnevej 19
2900 Hellerup
Gentofte Municipality · Postcode 2900
Other companies at the address (6)
- Novo Holdings Business & People Support P/SBusiness and other management consultancy activities
- Novo Holdings DK Investment Advisor P/SBusiness and other management consultancy activities
- NIVI Development A/SResearch and experimental development on natural sciences and engineering
- Echo TopCo A/SNon-financial holding companies
- NH Aifm P/SOther financial service activities n.e.c.
| Production unit | Address | Employees | P number |
|---|---|---|---|
| Novo Holdings A/S | Tuborg Havnevej 19, 2900 Hellerup | 75 | 1006455832 |
Purpose
Novo Holdings A/S er stiftet af Novo Nordisk Fonden og har til formål at administrere de af Fonden i Novo Holdings A/S indskudte obligationer, at administrere og udøve stemmeret på de af Fonden i Novo Holdings A/S indskudte A- og B-aktier udstedt af Novo Nordisk A/S samt at administrere og udøve stemmeret på Novo Holdings A/S A- og B-aktier i Novonesis A/S og derigennem sikre Fonden et tilfredsstillende økonomisk afkast. Dette formål skal opnås gennem Novo Holdings A/S tilsikring af, at alle virksomheder, hvori selskabet har en væsentlig indflydelse, bidrager aktivt til Novo Holdings A/S-koncernens udvikling og driver deres virksomhed i overensstem¬melse med Novo Holdings A/S-koncernens visioner og værdier, opretholdelse af en væsentlig indflydelse på Novo Nordisk A/S og Novonesis A/S, overholdelse af de regler og principper, som er fastlagt i §§ 3 og 4 i Novo Nordisk Fondens vedtægter vedrørende udøvelse af stemmerettigheder på A- og B-aktier i henholdsvis Novo Nordisk A/S, og Novonesis A/S, og investerings- og finansieringsvirksomhed, herunder anbringelse af kapital i virksom¬heder og i fast ejendom i ind- og udland.
The purpose is quoted from the register in Danish.
Changes year by year
82 registered events20264 changesaccounts 1 · management 3
- AccountsAnnual report for 2025 published
- ManagementBritt Meelby Jensen appointed deputy chair
- ManagementSteen Riisgaard stepped down as deputy chair
- ManagementBritt Meelby Jensen stepped down as board member
202512 changesmanagement 10 · accounts 1 · industry 1
- ManagementLars Green appointed chair of the board
- ManagementHenrik Poulsen stepped down as board member
- ManagementLars Rebien Sørensen stepped down as chair of the board
- ManagementLars Green stepped down as board member
- AccountsAnnual report for 2024 published
- ManagementTorsten Mikkel Sløk appointed board member
- ManagementLars Green appointed board member
- ManagementNirmal Prabhakar Narvekar appointed board member
- ManagementJun Sung Kim appointed board member
- ManagementJean-Luc Butel stepped down as board member
- ManagementJeppe Christiansen stepped down as board member
- IndustryIndustry changed to Trusts, estates and similar financial entities (643200)
20241 changeaccounts 1
- AccountsAnnual report for 2023 published
20232 changesmanagement 1 · accounts 1
- ManagementSusanne Antonie Schaffert appointed board member
- AccountsAnnual report for 2022 published
20223 changesaccounts 1 · management 2
- AccountsAnnual report for 2021 published
- ManagementBritt Meelby Jensen appointed board member
- ManagementNigel Kevin Govett appointed director
20214 changesmanagement 3 · accounts 1
- ManagementPoul Carsten Stendevad stepped down as board member
- ManagementPeter Helt Jacobsen Haahr stepped down as director
- AccountsAnnual report for 2020 published
- ManagementHenrik Poulsen appointed board member
20201 changemanagement 1
- ManagementPoul Carsten Stendevad appointed board member
20188 changesmanagement 8
- ManagementSteen Riisgaard appointed deputy chair
- ManagementLars Rebien Sørensen appointed chair of the board
- ManagementSten Scheibye stepped down as chair of the board
- ManagementLars Rebien Sørensen stepped down as board member
- ManagementSteen Riisgaard stepped down as board member
- ManagementViviane Monges appointed board member
- ManagementPer Wold-Olsen stepped down as board member
- ManagementGöran Ando stepped down as board member
20174 changesmanagement 3 · name 1
- ManagementJean-Luc Butel appointed board member
- ManagementFrancis Michael Cyprian Cuss appointed board member
- NameName changed from NOVO A/S to Novo Holdings A/S
- ManagementLars Rebien Sørensen appointed board member
20167 changesmanagement 7
- ManagementPeter Helt Jacobsen Haahr appointed director
- ManagementKasim Kutay appointed ceo
- ManagementKasim Kutay stepped down as ceo
- ManagementKasim Kutay appointed ceo
- ManagementThomas Peter Dyrberg stepped down as ceo
- ManagementThomas Peter Dyrberg appointed ceo
- ManagementEivind Drachmann Kolding stepped down as ceo
20143 changesmanagement 3
- ManagementEivind Drachmann Kolding appointed ceo
- ManagementHenrik Gürtler stepped down as director
- ManagementJørgen Boe stepped down as board member
20133 changesmanagement 3
- ManagementSten Scheibye appointed chair of the board
- ManagementSteen Riisgaard appointed board member
- ManagementJan Ulf Sigvard Johansson stepped down as chair of the board
20121 changemanagement 1
- ManagementHenrik Gürtler stepped down as deputy board member
20113 changesmanagement 2 · industry 1
- ManagementPer Wold-Olsen appointed board member
- ManagementHenrik Gürtler appointed deputy board member
- IndustryIndustry changed to Anden finansiel formidling undtagen forsikring og pensionsforsikring, i.a.n. (649900)
20101 changeaddress 1
- AddressMoved to Tuborg Havnevej 19, 2900 Hellerup
20092 changesmanagement 2
- ManagementJeppe Christiansen appointed board member
- ManagementHans Kristian Werdelin stepped down as board member
20062 changesmanagement 2
- ManagementGöran Ando appointed board member
- ManagementKurt Anker Nielsen stepped down as board member
20052 changesmanagement 2
- ManagementJan Ulf Sigvard Johansson appointed chair of the board
- ManagementPalle Marcus stepped down as chair of the board
20035 changesmanagement 3 · industry 2
- ManagementKurt Anker Nielsen appointed director
- ManagementKurt Anker Nielsen stepped down as director
- ManagementKurt Anker Nielsen appointed board member
- IndustryIndustry changed to Ikke-finansielle holdingselskaber (741500)
- IndustryIndustry changed to Ventureselskaber (652325)
20011 changeindustry 1
- IndustryIndustry changed to Ikke-finansielle holdingselskaber (741500)
20001 changeaddress 1
- AddressMoved to Krogshøjvej 41, 2880 Bagsværd
199912 changesmanagement 8 · industry 1 · capital 1 · ownership 1 · founded 1
- ManagementJørgen Boe appointed board member
- ManagementPalle Marcus appointed chair of the board
- ManagementHans Kristian Werdelin appointed board member
- ManagementUlrik Vilhelm Lassen stepped down as board member
- ManagementVagn Andersen stepped down as chair of the board
- IndustryIndustry changed to Anden servicevirksomhed i forbindelse med pengeinstitutter og finansieringsvirksomhed (671300)
- CapitalShare capital changed from 50,000,000 DKK to 500,000,000 DKK
- OwnershipNOVO NORDISK FONDEN registered as owner (100%)
- FoundedRegistered as NOVO A/S
- ManagementUlrik Vilhelm Lassen appointed board member
- ManagementHenrik Gürtler appointed director
- ManagementVagn Andersen appointed chair of the board
Related companies
Same people in management
- Salling Group A/Svia Eivind Drachmann Kolding
- Novo Nordisk A/Svia Britt Meelby Jensen
- Danske Bank A/Svia Eivind Drachmann Kolding
- Falck Danmark A/Svia Henrik Poulsen
- Novozymes A/Svia Hans Kristian Werdelin
- Københavns Lufthavne A/Svia Henrik Gürtler
Largest in the industry
See all →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.