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Papirkunst ApS

Private limited companyCVR 38399772BlokhusActive

Papirkunst ApS is a private limited company, based in Blokhus, active in retail sale of art, founded in 2017. Equity was negative at the end of 2025 (−DKK 10,745). The company went from a profit in 2024 to a loss of DKK 123k in 2025. With 12 employees, the company is about 6 times larger than the industry median.

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Key figures · financial year 2025

Gross profitDKK 956k+18.2% vs. 2024
Net profit−DKK 123k−969.3% vs. 2024
Equity−DKK 10,745−109.6% vs. 2024
Employees12latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Gross profit rose 18% (2024 → 2025), to DKK 956k.
  • Net profit went from a profit of DKK 14,172 to a loss of DKK 123k (2024 → 2025).
  • Equity turned negative: −DKK 10,745 (2024 → 2025).

Employees

  • 1 more employees than a year earlier: 12 (07/2026) against 11 (07/2025).

Management and owners, last 24 months

  • New in management: Britta Dorrit Graae (director, 01/06/2026) and Stinna Toft Hald (board member, 23/06/2026).
  • Stepped down: Mogens Christen Gade (deputy chair, 02/12/2024) and Karen Bit Vejle (director, 01/06/2026).

Registrations, last 24 months

  • 01/01/2025: Industry changed to Retail sale of art (476920)

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 300k−DKK 200k−DKK 100kDKK 0DKK 100kDKK 200kDKK 300kDKK 400k202020212022202320242025
EquityNet profit
Financial figures for Papirkunst ApS
202020212022202320242025Change
Revenuenot statednot statednot statednot statednot statednot stated–
Gross profit1,1921,275903635808956+18.2%
Operating profit (EBIT)–582−165−45127−79−161.9%
Profit before tax499466−256−14419−158−940.6%
Net profit389361−200−11214−123−969.3%
Total assets2,3642,3591,8281,7261,7321,459−15.7%
Equity32641121198112−11−109.6%
Liabilities–1,8341,5591,6001,5881,470−7.4%
Cash and cash equivalents519411111617+8.7%
Average number of employees325545+25%

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 200kDKK 400kDKK 600kDKK 800kDKK 1mDKK 1.2mDKK 1.4mDKK 1.6mDKK 1.8m202020212022202320242025
Gross profitMedian, the industry (64 companies)

Signals from the financial statements

calculated from the 2025 figures

  • Negative equity

    Equity was −DKK 10,745 at the end of 2025.

    How is this calculated?

    Equity in the latest annual report is below zero.

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 Papirkunst ApS
Financial yearPeriodPublishedFigures forDocuments
202501/01/2025 – 31/12/202501/06/2026The companyPDF not statedXBRL
202401/01/2024 – 31/12/202422/04/2025The companyPDFXBRL
202301/01/2023 – 31/12/202319/04/2024The companyPDFXBRL
202201/01/2022 – 31/12/202215/05/2023The companyPDFXBRL
202101/01/2021 – 31/12/202127/04/2022The companyPDFXBRL
202001/01/2020 – 31/12/202011/05/2021The 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
02468101208/2309/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/26
Employees

Position in the industry

64 companies in the database

Comparison with the other companies in retail sale of art based on the latest financial year.

Gross profitDKK 956kNo. 36 of 63
Better than 44% of the companies in the industry
Equity−DKK 10,745No. 53 of 64
Better than 17% of the companies in the industry
Number of employees12No. 15 of 64
Better than 78% of the companies in the industry

Industry median: gross profit DKK 1.4m, net profit DKK 68,145, equity DKK 1.2m, 2 employees.

DKK 100kDKK 395kDKK 1.6mDKK 6.2mDKK 15.5mHere
Distribution of gross profit for 54 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. 45,565of 69,742
Better than 35%
No. 60,329of 69,964
Better than 14%
Same industry and fewer than 20 employees62 companies in the comparison
No. 34of 61
Better than 45%
No. 51of 62
Better than 18%
Companies that are between 5 and 14 years old33,688 companies in the comparison
No. 23,667of 33,588
Better than 30%
No. 28,479of 33,687
Better than 15%
All companies of type ApS66,508 companies in the comparison
No. 43,876of 66,379
Better than 34%
No. 56,640of 66,505
Better than 15%

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

Retail sale of art
Gross profit
  1. Papirkunst ApSDKK 956k
  2. Poster & Frame Art Group ApSDKK 24.4m
  3. Edition Copenhagen A/SDKK 15.3m
Net profit
  1. Papirkunst ApS−DKK 123k
  2. Poster & Frame Art Group ApSDKK 1.1m
  3. Edition Copenhagen A/SDKK 6m
Equity
  1. Papirkunst ApS−DKK 10,745
  2. Poster & Frame Art Group ApSDKK 15.5m
  3. Edition Copenhagen A/SDKK 9.9m
Employees
  1. Papirkunst ApS12
  2. Poster & Frame Art Group ApS75
  3. Edition Copenhagen A/S12

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
  • Den Almennyttige Fond for Psaligrafisk Kunst100%
Papirkunst ApS

Management

8 active registrations

Executive management

Executive management at Papirkunst ApS
NameRoleAppointed
Britta Dorrit GraaeDirector01/06/2026

Board of directors

Board of directors at Papirkunst ApS
NameRoleAppointed
Henning Frost StudsgaardBoard member13/12/2018
Karen Bit VejleBoard member13/12/2018
Anders HjulmandChair of the board28/12/2021
Ole Henrik WintherBoard member19/09/2022
Britta Dorrit GraaeBoard member14/08/2023
Jarl Julian Mathias KolstadBoard member14/12/2023
Stinna Toft HaldBoard member23/06/2026
Founders
Karen Bit Vejle
Former management (8)
Former management at Papirkunst ApS
NameRoleAppointedResigned
Karen Bit VejleCEO08/02/201701/03/2023
Odd-Einar ChristophersenChair of the board13/12/201828/12/2021
Mogens Christen GadeBoard member28/12/202107/05/2023
Torben Grøngaard JeppesenBoard member28/12/202106/02/2023
Zeleste Kolstad VejleBoard member19/09/202214/12/2023
Jan VejleCEO01/03/202331/10/2023
Mogens Christen GadeDeputy chair08/05/202302/12/2024
Karen Bit VejleDirector31/10/202301/06/2026

Signing rule: Selskabet tegnes af direktøren.

Address and production units

2 active production units

Ilsigvej 2
9492 Blokhus

Jammerbugt Municipality · Postcode 9492

Production units
Production unitAddressEmployeesP number
Bit Denmark ApSKlitheden Nord 34, Hune, 9492 Blokhus51022169382
Papirkunst ApSIlsigvej 2, 9492 Blokhus51023451642

Purpose

Selskabets formål er galleri, udstilling, salg af kunst samt dermed beslægtet virksomhed i relation til Karen Bit Vejles kunst i form af psaligrafisk kunst og papirkunst samt i relation til primært nordisk, sekundært internationalt, psaligraifsk kunst og papirkunst.

The purpose is quoted from the register in Danish.

Changes year by year

52 registered events
20264 changesmanagement 3 · accounts 1
  • Stinna Toft Hald appointed board member
  • Britta Dorrit Graae appointed director
  • Karen Bit Vejle stepped down as director
  • Annual report for 2025 published
20252 changesaccounts 1 · industry 1
  • Annual report for 2024 published
  • Industry changed to Retail sale of art (476920)
20242 changesmanagement 1 · accounts 1
  • Mogens Christen Gade stepped down as deputy chair
  • Annual report for 2023 published
202312 changesmanagement 10 · accounts 1 · name 1
  • Jarl Julian Mathias Kolstad appointed board member
  • Zeleste Kolstad Vejle stepped down as board member
  • Karen Bit Vejle appointed director
  • Jan Vejle stepped down as ceo
  • Britta Dorrit Graae appointed board member
  • Annual report for 2022 published
  • Name changed from Bit Denmark ApS to Papirkunst ApS
  • Mogens Christen Gade appointed deputy chair
  • Mogens Christen Gade stepped down as board member
  • Jan Vejle appointed ceo
  • Karen Bit Vejle stepped down as ceo
  • Torben Grøngaard Jeppesen stepped down as board member
20223 changesmanagement 2 · accounts 1
  • Zeleste Kolstad Vejle appointed board member
  • Ole Henrik Winther appointed board member
  • Annual report for 2021 published
202112 changesmanagement 4 · ownership 5 · address 2 · accounts 1
  • Torben Grøngaard Jeppesen appointed board member
  • Mogens Christen Gade appointed board member
  • Anders Hjulmand appointed chair of the board
  • Odd-Einar Christophersen stepped down as chair of the board
  • Den Almennyttige Fond for Psaligrafisk Kunst registered as owner (100%)
  • Karen Bit Vejle is no longer registered as owner
  • Christopher Vestergaard Vejle is no longer registered as owner
  • Zeleste Kolstad Vejle is no longer registered as owner
  • Jarl Julian Mathias Kolstad is no longer registered as owner
  • Moved to Ilsigvej 2, Hune, 9492 Blokhus
  • Moved to Klitheden Nord 34, Hune, 9492 Blokhus
  • Annual report for 2020 published
20208 changesownership 8
  • Karen Bit Vejle registered as owner (25%)
  • Christopher Vestergaard Vejle registered as owner (25%)
  • Zeleste Kolstad Vejle registered as owner (25%)
  • Jarl Julian Mathias Kolstad registered as owner (25%)
  • Christopher Vestergaard Vejle is no longer registered as owner
  • Zeleste Kolstad Vejle is no longer registered as owner
  • Jarl Julian Mathias Kolstad is no longer registered as owner
  • Karen Bit Vejle is no longer registered as owner
20183 changesmanagement 3
  • Henning Frost Studsgaard appointed board member
  • Odd-Einar Christophersen appointed chair of the board
  • Karen Bit Vejle appointed board member
20176 changesownership 4 · founded 1 · management 1
  • Christopher Vestergaard Vejle registered as owner (10%)
  • Zeleste Kolstad Vejle registered as owner (10%)
  • Jarl Julian Mathias Kolstad registered as owner (10%)
  • Registered as Bit Denmark ApS
  • Karen Bit Vejle appointed ceo
  • Karen Bit Vejle registered as owner (66.67%)

Related companies

Same industry in Jammerbugt

See all →

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.

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