Papp Danmark ApS
Private limited companyCVR 41545933Aarhus VActive
Papp Danmark ApS is a private limited company, based in Aarhus V, active in other software publishing, founded in 2020. Equity was negative at the end of 2025 (−DKK 363k). The company made a loss in both 2024 and 2025, most recently DKK 407k. 7 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
- Gross profit rose 63% (2024 → 2025), to DKK 1.3m.
- The loss got smaller: from DKK 740k to DKK 407k (2024 → 2025).
- Equity turned negative: −DKK 363k (2024 → 2025).
Employees
- 1 fewer employees than a year earlier: 8 (07/2026) against 9 (07/2025).
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 2021–2025 · amounts in DKK thousandEquity and net profit
| 2021 | 2022 | 2023 | 2024 | 2025 | Change | |
|---|---|---|---|---|---|---|
| Revenue | not stated | not stated | not stated | not stated | not stated | – |
| Gross profit | 70 | 200 | −6 | 798 | 1,299 | +62.9% |
| Operating profit (EBIT) | −24 | −819 | – | – | – | – |
| Profit before tax | – | −827 | −1,349 | −877 | −551 | +37.2% |
| Net profit | −24 | −752 | −1,279 | −740 | −407 | +45% |
| Total assets | 113 | 829 | 1,011 | 1,743 | 2,757 | +58.1% |
| Equity | 16 | −137 | −215 | 44 | −363 | −920.9% |
| Liabilities | 97 | 966 | – | 1,699 | 3,120 | +83.6% |
| Cash and cash equivalents | 16 | 343 | 69 | 420 | 86 | −79.6% |
| Average number of employees | – | – | 6 | 6 | 6 | 0% |
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 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 figuresNegative equity
Equity was −DKK 363k at the end of 2025.
How is this calculated?
Equity in the latest annual report is below zero.
Loss for 5 years in a row
Net result has been negative in 2021–2025.
How is this calculated?
Net result is negative in the two or more 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
5 financial years| Financial year | Period | Published | Figures for | Documents |
|---|---|---|---|---|
| 2025 | 01/01/2025 – 31/12/2025 | 08/06/2026 | The company | PDF not statedXBRL |
| 2024 | 01/01/2024 – 31/12/2024 | 13/05/2025 | The company | PDF not statedXBRL |
| 2023 | 01/01/2023 – 31/12/2023 | 29/05/2024 | The company | PDF not statedXBRL |
| 2022 | 01/01/2022 – 31/12/2022 | 31/05/2023 | The company | PDFXBRL |
| 2021 | 24/07/2020 – 31/12/2021 | 27/04/2022 | 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
499 companies in the databaseComparison with the other companies in other software publishing based on the latest financial year.
Industry median: gross profit DKK 2.9m, net profit DKK 42,450, equity DKK 1.1m, 4 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. 39,790of 69,742 Better than 43% | No. 65,033of 69,964 Better than 7% |
| Same industry and fewer than 20 employees406 companies in the comparison | No. 227of 404 Better than 44% | No. 328of 406 Better than 19% |
| Companies that are between 5 and 14 years old33,679 companies in the comparison | No. 20,984of 33,579 Better than 38% | No. 30,719of 33,678 Better than 9% |
| All companies of type ApS66,508 companies in the comparison | No. 38,354of 66,379 Better than 42% | No. 61,469of 66,505 Better than 8% |
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
Other software publishing- Papp Danmark ApSDKK 1.3m
- Milestone Systems A/SDKK 2bn
- Visma e-conomic A/SDKK 880.2m
- Papp Danmark ApS−DKK 407k
- Milestone Systems A/SDKK 183.4m
- Visma e-conomic A/SDKK 456.2m
- Papp Danmark ApS−DKK 363k
- Milestone Systems A/SDKK 1.7bn
- Visma e-conomic A/SDKK 471.5m
- Papp Danmark ApS8
- Milestone Systems A/S531
- Visma e-conomic A/S456
Latest financial year per company. Choose up to three companies from the largest in the industry.
Owners and group
from the Public Ownership Register- Hands-on Mikrofonden A/S15%
- Papp Danmark Holding ApS66.67%
Management
4 active registrationsExecutive management
| Name | Role | Appointed |
|---|---|---|
| Tan Minh Nguyen Tran | Director | 24/07/2020 |
Board of directors
| Name | Role | Appointed |
|---|---|---|
| Martin Holk Rasmussen | Board member | 03/05/2022 |
| Carsten Overgaard | Chair of the board | 03/05/2022 |
| Tan Minh Nguyen Tran | Board member | 03/05/2022 |
- Auditor
- KPMG P/S
- Founders
- Martin Holk Rasmussen, Alfred Röttger Rydahl, Rasmus Sander Larsen, Tan Minh Nguyen Tran, Nikolaj Søby Wassmann
Signing rule: Selskabet tegnes af bestyrelsesformanden og direktøren i forening eller af den samlede bestyrelse.
Address and production units
1 active production unitsRytoften 5
8210 Aarhus V
Aarhus Municipality · Postcode 8210
Other companies at the address (7)
- A priori ApSTemporary employment agency activities and other staff provision
- Mg-v ApSTemporary employment agency activities and other staff provision
- Strax Vikar ApSTemporary employment agency activities and other staff provision
- Vitahus ApSResidential care for children and young people
- TS Computer ApSComputer consultancy and computer facilities management
| Production unit | Address | Employees | P number |
|---|---|---|---|
| Papp Danmark ApS | Rytoften 5, 2, Hasle, 8210 Aarhus V | 7 | 1026071093 |
Purpose
Selskabets formål er at eje er at udøve virksomhed med udvikling og salg af software og digitale tjenesteydelser og dermed beslægtet virksomhed.
The purpose is quoted from the register in Danish.
Changes year by year
42 registered events20261 changeaccounts 1
- AccountsAnnual report for 2025 published
20251 changeaccounts 1
- AccountsAnnual report for 2024 published
20247 changesaccounts 1 · capital 1 · ownership 4 · address 1
- AccountsAnnual report for 2023 published
- CapitalShare capital changed from 45,454 DKK to 51,426 DKK
- OwnershipHands-on Mikrofonden A/S registered as owner (15%)
- OwnershipPapp Danmark Holding ApS registered as owner (66.67%)
- OwnershipPapp Danmark Holding ApS is no longer registered as owner
- OwnershipHands-on Mikrofonden A/S is no longer registered as owner
- AddressMoved to Rytoften 5, 2, Hasle, 8210 Aarhus V
20235 changescapital 1 · ownership 3 · accounts 1
- CapitalShare capital changed from 41,818 DKK to 45,454 DKK
- OwnershipPapp Danmark Holding ApS registered as owner (66.67%)
- OwnershipHands-on Mikrofonden A/S registered as owner (10%)
- OwnershipPapp Danmark Holding ApS is no longer registered as owner
- AccountsAnnual report for 2022 published
202220 changesaddress 1 · capital 1 · management 3 · ownership 14 · accounts 1
- AddressMoved to Hermodsvej 18A, 8230 Åbyhøj
- CapitalShare capital changed from 40,000 DKK to 41,818 DKK
- ManagementMartin Holk Rasmussen appointed board member
- ManagementCarsten Overgaard appointed chair of the board
- ManagementTan Minh Nguyen Tran appointed board member
- OwnershipPapp Danmark Holding ApS registered as owner (90%)
- OwnershipTan Minh Nguyen Tran is no longer registered as owner
- OwnershipMartin Holk Rasmussen is no longer registered as owner
- OwnershipAlfred Röttger Rydahl is no longer registered as owner
- OwnershipPapp Danmark Holding ApS is no longer registered as owner
- AccountsAnnual report for 2021 published
- OwnershipPapp Danmark Holding ApS registered as owner (100%)
- OwnershipTan Minh Nguyen Tran registered as owner (33.33%)
- OwnershipMartin Holk Rasmussen registered as owner (25%)
- OwnershipAlfred Röttger Rydahl registered as owner (25%)
- OwnershipNikolaj Søby Wassmann is no longer registered as owner
- OwnershipRasmus Sander Larsen is no longer registered as owner
- OwnershipMartin Holk Rasmussen is no longer registered as owner
- OwnershipTan Minh Nguyen Tran is no longer registered as owner
- OwnershipAlfred Röttger Rydahl is no longer registered as owner
20211 changeaddress 1
- AddressMoved to Kløvervej 21, 8700 Horsens
20207 changesfounded 1 · management 1 · ownership 5
- FoundedRegistered as Papp Danmark ApS
- ManagementTan Minh Nguyen Tran appointed director
- OwnershipMartin Holk Rasmussen registered as owner (15%)
- OwnershipNikolaj Søby Wassmann registered as owner (15%)
- OwnershipTan Minh Nguyen Tran registered as owner (25%)
- OwnershipRasmus Sander Larsen registered as owner (15%)
- OwnershipAlfred Röttger Rydahl registered as owner (15%)
Related companies
Same industry in Aarhus
- Trifork Digital Health A/S128 employees
- Novax A/S73 employees
- Boyum IT Solutions A/S60 employees
- nShift A/S40 employees
- Qarma ApS39 employees
- Timextender A/S27 employees
Same people in management
- Golfbox A/Svia Carsten Overgaard
Largest in the industry
- Milestone Systems A/SDKK 2bn
- Visma e-conomic A/SDKK 880.2m
- Google Denmark ApSDKK 382m
- Continia Software A/SDKK 309.6m
- Boyum IT Solutions A/SDKK 208.2m
- Capture One A/SDKK 164.4m
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.