On Tower Denmark ApS
Private limited companyCVR 26123496København SActive
On Tower Denmark ApS is a private limited company, based in København S, active in non-financial holding companies, founded in 2001. Net profit rose 8% from 2024 to 2025, ending at DKK 97.7m. Profit has grown three years in a row. With 15 employees, the company is about 15 times larger than the industry median.
Key figures · financial year 2025
RevenueDKK 296.6m+6.8% vs. 2024
Net profitDKK 97.7m+7.7% vs. 2024
EquityDKK 1.1bn−4.6% vs. 2024
Employees15latest month from CVR
What has changed
calculated from recorded figures and datesFinancials: 2025 against 2024
- Gross profit rose 7% (2024 → 2025), to DKK 182.6m.
- Revenue rose 7% (2024 → 2025), to DKK 296.6m.
- Net profit rose 8% (2024 → 2025), to DKK 97.7m.
- Equity fell 5% (2024 → 2025), to DKK 1.1bn.
Employees
- 2 fewer employees than a year earlier: 15 (08/2026) against 17 (08/2025).
Management and owners, last 24 months
- New in management: Gabriella Elisabeth Luthman (board member, 14/04/2025), Justin Berger (chair of the board, 17/03/2026) and Justin Berger (director, 17/03/2026) (+5).
- Stepped down: Morten Ekebjærg Petersen (ceo, 16/09/2025), Morten Ekebjærg Petersen (chair of the board, 16/09/2025) and Jesper Kramer (board member, 14/04/2025) (+3).
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 | 202,839 | 214,586 | 236,656 | 271,585 | 277,732 | 296,642 | +6.8% |
| Gross profit | 200,826 | 213,720 | 136,828 | 161,630 | 170,322 | 182,631 | +7.2% |
| Operating profit (EBIT) | 100,155 | 97,674 | 98,916 | 115,150 | 114,958 | 129,094 | +12.3% |
| Profit before tax | 134,500 | 95,772 | 94,520 | 103,992 | 114,594 | 125,308 | +9.3% |
| Net profit | 117,433 | 74,634 | 73,680 | 79,625 | 90,728 | 97,747 | +7.7% |
| Total assets | 889,163 | 1,035,407 | 1,227,950 | 1,294,116 | 1,371,303 | 1,372,030 | +0.1% |
| Equity | 850,729 | 925,363 | 962,043 | 1,203,668 | 1,125,781 | 1,073,529 | −4.6% |
| Liabilities | 37,866 | 104,874 | 260,152 | 82,063 | 139,746 | 202,791 | +45.1% |
| Cash and cash equivalents | 5,340 | 15,642 | 28,428 | 72,485 | 0 | – | – |
| Average number of employees | 12 | 20 | 20 | 20 | 18 | 16 | −11.1% |
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
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 | 25/03/2026 | The company | PDF not statedXBRL |
| 2024 | 01/01/2024 – 31/12/2024 | 10/06/2025 | The company | PDF not statedXBRL |
| 2023 | 01/01/2023 – 31/12/2023 | 11/06/2024 | The company | PDF not statedXBRL |
| 2022 | 01/01/2022 – 31/12/2022 | 15/06/2023 | The company | PDFXBRL |
| 2021 | 01/01/2021 – 31/12/2021 | 05/07/2022 | The company | PDFXBRL |
| 2020 | 01/01/2020 – 31/12/2020 | 02/07/2021 | 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
2,138 companies in the databaseComparison with the other companies in non-financial holding companies based on the latest financial year.
Gross profitDKK 182.6mNo. 82 of 2,093
Better than 96% of the companies in the industry
EquityDKK 1.1bnNo. 76 of 2,138
Better than 96% of the companies in the industry
Number of employees15No. 201 of 2,138
Better than 91% of the companies in the industry
Industry median: gross profit −DKK 31,805, net profit DKK 701k, equity DKK 32.1m, 1 employees.
Compared with similar companies
size, age and company form| Group | Gross profit | Equity |
|---|---|---|
| Companies with fewer than 20 employees69,967 companies in the comparison | No. 186of 69,742 Better than 100% | No. 211of 69,964 Better than 100% |
| Same industry and fewer than 20 employees2,092 companies in the comparison | No. 66of 2,048 Better than 97% | No. 68of 2,092 Better than 97% |
| Companies that are between 15 and 29 years old24,910 companies in the comparison | No. 371of 24,791 Better than 99% | No. 203of 24,909 Better than 99% |
| All companies of type ApS66,508 companies in the comparison | No. 141of 66,379 Better than 100% | No. 96of 66,505 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.
Compare with the industry
Non-financial holding companiesGross profit
- On Tower Denmark ApSDKK 182.6m
- Heartland A/SDKK 19.9bn
- Andel A.M.B.A.DKK 5.6bn
Net profit
- On Tower Denmark ApSDKK 97.7m
- Heartland A/SDKK 4.9bn
- Andel A.M.B.A.−DKK 2.9bn
Equity
- On Tower Denmark ApSDKK 1.1bn
- Heartland A/SDKK 39.2bn
- Andel A.M.B.A.DKK 29.5bn
Employees
- On Tower Denmark ApS15
- Heartland A/S34
- Andel A.M.B.A.28
Latest financial year per company. Choose up to three companies from the largest in the industry.
Owners and group
from the Public Ownership RegisterOwners
On Tower Denmark ApS
Management
6 active registrationsExecutive management
| Name | Role | Appointed |
|---|---|---|
| Justin Berger | Director | 17/03/2026 |
Board of directors
| Name | Role | Appointed |
|---|---|---|
| Gabriella Elisabeth Luthman | Board member | 14/04/2025 |
| Justin Berger | Chair of the board | 17/03/2026 |
| Rasmus Lindrup Ellitsgaard | Board member | 31/08/2026 |
| Jacob Elgaard | Board member | 31/08/2026 |
| Kenneth Grønborg | Board member | 31/08/2026 |
- Founders
- VX 10.312 ApS
Former management (34)
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| Kim Madsen | Director | 01/07/2001 | 03/09/2001 |
| Peter Andreas Stakemann | Board member | 01/07/2001 | 03/09/2001 |
| Marcus Wallenberg | Board member | 03/09/2001 | 01/08/2014 |
| Björn Magnus Ivar Svedberg | Board member | 03/09/2001 | 16/01/2008 |
| Adine Charlotte Grate Axen | Board member | 03/09/2001 | 01/11/2009 |
| Christopher Bannister | Director | 03/09/2001 | 07/01/2004 |
| Frank John Sixt | Board member | 03/09/2001 | 21/12/2020 |
| Dennis Pok-Man Lui | Board member | 03/09/2001 | 20/12/2005 |
| Christian Nicolas Roger Salbaing | Board member | 03/09/2001 | 21/12/2020 |
| Colin Patrick Tucker | Board member | 31/05/2003 | 01/01/2007 |
| Jesper Krebs Weng | Director | 01/05/2004 | 01/07/2005 |
| Kin Ning Canning Fok | Chair of the board | 02/08/2004 | 21/12/2020 |
| Morten Christiansen | CEO | 01/08/2005 | 30/06/2020 |
| Shlomo Liran | Director | 18/12/2006 | 01/03/2007 |
| Edith Shih | Board member | 01/01/2007 | 21/12/2020 |
| Carl Peder Ramel | Director | 01/03/2007 | 01/06/2018 |
| Claes Johan Bygge | Board member | 16/01/2008 | 18/07/2011 |
| Ulf Christian Cederholm | Board member | 01/11/2009 | 21/12/2020 |
| Erling Lennart Johansson | Board member | 18/07/2011 | 21/12/2020 |
| Carl Peder Ramel | Board member | 15/09/2014 | 01/10/2018 |
| Ann Louise Bundgaard Hansen | Director | 03/07/2018 | 13/02/2019 |
| Birgitte Lund | Director | 03/07/2018 | 30/06/2020 |
| Morten Christiansen | Board member | 01/10/2018 | 02/01/2020 |
| Morten Ekebjærg Petersen | CEO | 30/06/2020 | 16/09/2025 |
| Morten Ekebjærg Petersen | Board member | 21/12/2020 | 01/11/2023 |
| Jose Manuel Aisa Mancho | Board member | 21/12/2020 | 31/10/2023 |
| Alexandre Mestre Molins | Chair of the board | 21/12/2020 | 31/10/2023 |
| Jose Maria Miralles Prieto | Board member | 21/12/2020 | 31/07/2023 |
| Morten Ekebjærg Petersen | Chair of the board | 02/11/2023 | 16/09/2025 |
| Monica Merino Garrido | Board member | 02/11/2023 | 22/01/2024 |
| Jesper Kramer | Board member | 22/01/2024 | 14/04/2025 |
| Pablo Moro Soucheiron | Board member | 22/01/2024 | 31/08/2026 |
| Hans Robert Pajos | Chair of the board | 16/09/2025 | 13/03/2026 |
| Hans Robert Pajos | Director | 16/09/2025 | 13/03/2026 |
Signing rule: Selskabet tegnes af to medlemmer af bestyrelsen i forening eller af en direktør i forening med et bestyrelsesmedlem.
Address and production units
2 active production unitsØrestads Boulevard 108
2300 København S
København Municipality · Postcode 2300
Other companies at the address (1)
- Cellnex Denmark ApSNon-financial holding companies
| Production unit | Address | Employees | P number |
|---|---|---|---|
| On Tower Denmark ApS | Ørestads Boulevard 108, 4, 2300 København S | 8 | 1008639902 |
| Cellnex (On Tower Denmark Aps) | Østergade 15, 1, 8370 Hadsten | 7 | 1027494354 |
Purpose
Selskabets formål skal være at erhverve og drive virksomhed som ejer og operatør af såvel telekommunikationsinfrastruktur og leverandør af telekommunikationstjemester som af Internet, television, broadcarsting eller anden mediavirksomhed og enhver dertil knyttet aktivitet samt at eje egenkapital eller på anden måde investere i enhver sådan virksomhed som holding- eller investeringsselskab.
The purpose is quoted from the register in Danish.
Changes year by year
116 registered events02015
02016
02017
52018
32019
272020
42021
12022
72023
42024
72025
92026
20269 changesmanagement 8 · accounts 1
- ManagementKenneth Grønborg appointed board member
- ManagementJacob Elgaard appointed board member
- ManagementRasmus Lindrup Ellitsgaard appointed board member
- ManagementPablo Moro Soucheiron stepped down as board member
- AccountsAnnual report for 2025 published
- ManagementJustin Berger appointed chair of the board
- ManagementJustin Berger appointed director
- ManagementHans Robert Pajos stepped down as director
- ManagementHans Robert Pajos stepped down as chair of the board
20257 changesmanagement 6 · accounts 1
- ManagementHans Robert Pajos appointed director
- ManagementHans Robert Pajos appointed chair of the board
- ManagementMorten Ekebjærg Petersen stepped down as chair of the board
- ManagementMorten Ekebjærg Petersen stepped down as ceo
- AccountsAnnual report for 2024 published
- ManagementGabriella Elisabeth Luthman appointed board member
- ManagementJesper Kramer stepped down as board member
20244 changesaccounts 1 · management 3
- AccountsAnnual report for 2023 published
- ManagementPablo Moro Soucheiron appointed board member
- ManagementJesper Kramer appointed board member
- ManagementMonica Merino Garrido stepped down as board member
20237 changesmanagement 6 · accounts 1
- ManagementMonica Merino Garrido appointed board member
- ManagementMorten Ekebjærg Petersen appointed chair of the board
- ManagementMorten Ekebjærg Petersen stepped down as board member
- ManagementJose Manuel Aisa Mancho stepped down as board member
- ManagementAlexandre Mestre Molins stepped down as chair of the board
- ManagementJose Maria Miralles Prieto stepped down as board member
- AccountsAnnual report for 2022 published
20221 changeaccounts 1
- AccountsAnnual report for 2021 published
20214 changesaddress 2 · accounts 1 · name 1
- AddressMoved to Ørestads Boulevard 108, 4, 2300 København S
- AddressMoved to Ørestads Boulevard 114, 4, 2300 København S
- AccountsAnnual report for 2020 published
- NameName changed from OnTower Denmark ApS to On Tower Denmark ApS
202027 changesname 2 · management 14 · ownership 10 · capital 1
- NameName changed from HI3G Networks Denmark ApS to OnTower Denmark ApS
- ManagementJose Manuel Aisa Mancho appointed board member
- ManagementJose Maria Miralles Prieto appointed board member
- ManagementAlexandre Mestre Molins appointed chair of the board
- ManagementMorten Ekebjærg Petersen appointed board member
- ManagementErling Lennart Johansson stepped down as board member
- ManagementUlf Christian Cederholm stepped down as board member
- ManagementEdith Shih stepped down as board member
- ManagementKin Ning Canning Fok stepped down as chair of the board
- ManagementChristian Nicolas Roger Salbaing stepped down as board member
- ManagementFrank John Sixt stepped down as board member
- OwnershipCellnex Denmark ApS registered as owner (100%)
- OwnershipCK Hutchison Networks Europe Investments S.á r.l. is no longer registered as owner
- OwnershipHI3G Holdings AB registered as owner (100%)
- OwnershipHI3G Holdings AB is no longer registered as owner
- OwnershipIntre Holding AB registered as owner (33.33%)
- OwnershipIntre Holding AB is no longer registered as owner
- OwnershipHutchison Europe Telecommunications S.á r.l. registered as owner (50%)
- OwnershipHutchison Europe Telecommunications S.á r.l. is no longer registered as owner
- OwnershipCK Hutchison Networks Europe Investments S.á r.l. registered as owner (100%)
- OwnershipHI3G DK Holdings ApS is no longer registered as owner
- CapitalShare capital changed from 64,375,000 DKK to 64,400,000 DKK
- ManagementMorten Ekebjærg Petersen appointed ceo
- ManagementBirgitte Lund stepped down as director
- ManagementMorten Christiansen stepped down as ceo
- NameName changed from HI3G DENMARK HOLDINGS ApS to HI3G Networks Denmark ApS
- ManagementMorten Christiansen stepped down as board member
20193 changesownership 2 · management 1
- OwnershipHI3G DK Holdings ApS registered as owner (100%)
- OwnershipHi3G Access AB is no longer registered as owner
- ManagementAnn Louise Bundgaard Hansen stepped down as director
20185 changesmanagement 5
- ManagementMorten Christiansen appointed board member
- ManagementCarl Peder Ramel stepped down as board member
- ManagementAnn Louise Bundgaard Hansen appointed director
- ManagementBirgitte Lund appointed director
- ManagementCarl Peder Ramel stepped down as director
20142 changesmanagement 2
- ManagementCarl Peder Ramel appointed board member
- ManagementMarcus Wallenberg stepped down as board member
20112 changesmanagement 2
- ManagementErling Lennart Johansson appointed board member
- ManagementClaes Johan Bygge stepped down as board member
20094 changescapital 1 · ownership 1 · management 2
- CapitalShare capital changed from 59,875,000 DKK to 64,375,000 DKK
- OwnershipHi3G Access AB registered as owner (100%)
- ManagementUlf Christian Cederholm appointed board member
- ManagementAdine Charlotte Grate Axen stepped down as board member
20083 changescapital 1 · management 2
- CapitalShare capital changed from 49,375,000 DKK to 59,875,000 DKK
- ManagementClaes Johan Bygge appointed board member
- ManagementBjörn Magnus Ivar Svedberg stepped down as board member
20076 changescapital 1 · address 1 · management 4
- CapitalShare capital changed from 43,375,000 DKK to 49,375,000 DKK
- AddressMoved to Scandiagade 8, 2450 København SV
- ManagementCarl Peder Ramel appointed director
- ManagementShlomo Liran stepped down as director
- ManagementEdith Shih appointed board member
- ManagementColin Patrick Tucker stepped down as board member
20062 changescapital 1 · management 1
- CapitalShare capital changed from 31,375,000 DKK to 43,375,000 DKK
- ManagementShlomo Liran appointed director
20055 changescapital 1 · management 3 · industry 1
- CapitalShare capital changed from 15,375,000 DKK to 31,375,000 DKK
- ManagementDennis Pok-Man Lui stepped down as board member
- ManagementMorten Christiansen appointed ceo
- ManagementJesper Krebs Weng stepped down as director
- IndustryIndustry changed to Ikke-finansielle holdingselskaber (741500)
20045 changescapital 1 · address 1 · management 3
- CapitalShare capital changed from 6,375,000 DKK to 15,375,000 DKK
- AddressMoved to Arne Jacobsens Allé 17, 2300 København S
- ManagementKin Ning Canning Fok appointed chair of the board
- ManagementJesper Krebs Weng appointed director
- ManagementChristopher Bannister stepped down as director
20033 changescapital 1 · management 1 · industry 1
- CapitalShare capital changed from 5,125,000 DKK to 6,375,000 DKK
- ManagementColin Patrick Tucker appointed board member
- IndustryIndustry changed to Øvrig telekommunikation (642040)
20023 changesaddress 2 · capital 1
- AddressMoved to Dampfærgevej 28, 2100 København Ø
- CapitalShare capital changed from 125,000 DKK to 5,125,000 DKK
- AddressMoved to Niels Juels Gade 5, 1059 København K
200114 changesname 1 · address 1 · management 11 · founded 1
- NameName changed from ApS KBIL 9 NR. 2381 to HI3G DENMARK HOLDINGS ApS
- AddressMoved to Esplanaden 34, 1263 København K
- ManagementChristian Nicolas Roger Salbaing appointed board member
- ManagementDennis Pok-Man Lui appointed board member
- ManagementFrank John Sixt appointed board member
- ManagementChristopher Bannister appointed director
- ManagementAdine Charlotte Grate Axen appointed board member
- ManagementMarcus Wallenberg appointed board member
- ManagementBjörn Magnus Ivar Svedberg appointed board member
- ManagementPeter Andreas Stakemann stepped down as board member
- ManagementKim Madsen stepped down as director
- FoundedRegistered as ApS KBIL 9 NR. 2381
- ManagementPeter Andreas Stakemann appointed board member
- ManagementKim Madsen appointed director
Related companies
Same industry in København
- John Sisk & Son ApS57 employees
- Archon Games ApS42 employees
- Zwei Grosse Bierbars, Aalborg ApS30 employees
- M. Goldschmidt Holding A/S30 employees
- Embankment Group A/S29 employees
- Söderberg & Partners Danmark Holding ApS26 employees
Same people in management
- Tryg Forsikring A/Svia Kim Madsen
- Pure Gym Denmark A/Svia Peter Andreas Stakemann
- Atea A/Svia Kim Madsen
- itm8 A/Svia Kim Madsen
- Nomeco A/Svia Kim Madsen
- Aviator Flight Services ApSvia Peter Andreas Stakemann
Largest in the industry
- Heartland A/SDKK 19.9bn
- Andel A.M.B.A.DKK 5.6bn
- Norlys a.m.b.a.DKK 5.3bn
- Lauritzen Fonden Holding ApSDKK 4.1bn
- Per Aarsleff Holding A/SDKK 2.8bn
- C.W. Obel Holding P/SDKK 2.2bn
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.