PhaseTree ApS

Private limited companyCVR 42239895SøborgActive

PhaseTree ApS is a private limited company, based in Søborg, active in research and experimental development on natural sciences and engineering, founded in 2021. The company made a loss in both 2024 and 2025, most recently DKK 3.8m. Equity grew to DKK 18.9m in 2025. 8 other companies in the database are registered at the same address.

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Key figures · financial year 2025

Gross profitDKK 258k−75.3% vs. 2024
Net profit−DKK 3.8m−2,620.3% vs. 2024
EquityDKK 18.9m+4,872.1% vs. 2024
Employees14latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Gross profit fell 75% (2024 → 2025), to DKK 258k.
  • The loss grew: from DKK 141k to DKK 3.8m (2024 → 2025).
  • Equity rose 4,872% (2024 → 2025), to DKK 18.9m.

Employees

  • 4 more employees than a year earlier: 14 (07/2026) against 10 (07/2025).

Management and owners, last 24 months

  • New in management: Amit Luthra (ceo, 23/12/2024), Mikkel Mouritz Marfelt (board member, 23/12/2024) and Christian Lindegaard Jepsen (board member, 23/12/2024) (+4).
  • Stepped down: Tejs Vegge (chair of the board, 22/12/2024), Jinhyun Chang (board member, 06/02/2025) and Peter Bernholdt Richter (board member, 23/12/2024) (+2).
  • New owners registered: Tonic Holdings ApS (12/12/2024), TV Holdings ApS (23/12/2024) and Heartcore Capital Fund V K/S (23/12/2024) (+8).
  • No longer registered as owner: J&J Holdings ApS (07/11/2024), TV Holdings ApS (07/11/2024) and Innovateur ApS (07/11/2024) (+6).

Registrations, last 24 months

  • 01/01/2025: Industry changed to Research and experimental development on natural sciences and engineering (721000)
  • 23/12/2024: Share capital changed from 266,666 DKK to 333,332 DKK
  • 08/11/2024: Share capital changed from 200,000 DKK to 266,666 DKK

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 thousand

Equity and net profit

−DKK 5mDKK 0DKK 5mDKK 10mDKK 15mDKK 20m20212022202320242025
EquityNet profit
Financial figures for PhaseTree ApS
20212022202320242025Change
Revenue0not statednot statednot statednot stated–
Gross profit−5931,3001,045258−75.3%
Operating profit (EBIT)−1034227−183−4,914−2,583.4%
Profit before tax−1133220−179−4,926−2,648.8%
Net profit−1126174−141−3,846−2,620.3%
Total assets296245743419,418+4,376.8%
Equity295538938118,919+4,872.1%
Liabilities076953499+837.8%
Cash and cash equivalents296045732417,481+5,292.9%
Average number of employees–––330%

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 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 200kDKK 0DKK 200kDKK 400kDKK 600kDKK 800kDKK 1mDKK 1.2m20212022202320242025
Gross profitMedian, the industry (431 companies)

Signals from the financial statements

calculated from the 2025 figures
  • Loss for 2 years in a row

    Net result has been negative in 2024–2025.

    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
Annual reports for PhaseTree ApS
Financial yearPeriodPublishedFigures forDocuments
202501/01/2025 – 31/12/202507/04/2026The companyPDF not statedXBRL
202401/01/2024 – 31/12/202414/04/2025The companyPDFXBRL
202301/01/2023 – 31/12/202319/04/2024The companyPDF not statedXBRL
202201/01/2022 – 31/12/202214/06/2023The companyPDF not statedXBRL
202122/03/2021 – 31/12/202104/07/2022The companyPDF not statedXBRL

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
0246810121408/2309/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/26
Employees

Position in the industry

431 companies in the database

Comparison with the other companies in research and experimental development on natural sciences and engineering based on the latest financial year.

Gross profitDKK 258kNo. 229 of 421
Better than 46% of the companies in the industry
EquityDKK 18.9mNo. 106 of 431
Better than 76% of the companies in the industry
Number of employees14No. 254 of 431
Better than 41% of the companies in the industry

Industry median: gross profit DKK 616k, net profit −DKK 892k, equity DKK 2m, 5 employees.

DKK 100kDKK 2.5mDKK 63.4mDKK 1.6bnDKK 13.7bnHere
Distribution of gross profit for 250 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. 58,459of 69,742
Better than 16%
No. 6,007of 69,964
Better than 91%
Same industry and fewer than 20 employees329 companies in the comparison
No. 154of 323
Better than 52%
No. 42of 329
Better than 88%
Companies that are between 5 and 14 years old33,679 companies in the comparison
No. 29,310of 33,579
Better than 13%
No. 2,397of 33,678
Better than 93%
All companies of type ApS66,508 companies in the comparison
No. 56,235of 66,379
Better than 15%
No. 4,404of 66,505
Better than 93%

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

Research and experimental development on natural sciences and engineering
Gross profit
  1. PhaseTree ApSDKK 258k
  2. Carlsberg A/SDKK 40.2bn
  3. Zealand Pharma A/SDKK 9.2bn
Net profit
  1. PhaseTree ApS−DKK 3.8m
  2. Carlsberg A/SDKK 7bn
  3. Zealand Pharma A/SDKK 6.5bn
Equity
  1. PhaseTree ApSDKK 18.9m
  2. Carlsberg A/SDKK 30.7bn
  3. Zealand Pharma A/SDKK 14.8bn
Employees
  1. PhaseTree ApS14
  2. Carlsberg A/S107
  3. Zealand Pharma A/S569

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
  • Tonic Holdings ApS20%
  • TV Holdings ApS10%
  • Heartcore Capital Fund V K/S20%
  • Luthra Family Holding ApS15%
  • Jen& Holdings ApS15%
PhaseTree ApS

Management

6 active registrations

Executive management

Executive management at PhaseTree ApS
NameRoleAppointed
Amit LuthraCEO23/12/2024

Board of directors

Board of directors at PhaseTree ApS
NameRoleAppointed
Mikkel Mouritz MarfeltBoard member23/12/2024
Christian Lindegaard JepsenBoard member23/12/2024
Tejs VeggeBoard member23/12/2024
Amit LuthraBoard member07/02/2025
Jinhyun ChangChair of the board07/02/2025
Founders
J&J Holdings ApS, TV Holdings ApS
Former management (6)
Former management at PhaseTree ApS
NameRoleAppointedResigned
Tejs VeggeChair of the board22/03/202122/12/2024
Jung Min KangDirector22/03/202101/01/2024
Jinhyun ChangBoard member22/03/202106/02/2025
Peter Bernholdt RichterBoard member22/03/202123/12/2024
Jinhyun ChangCEO01/01/202423/12/2024
Amit LuthraChair of the board23/12/202406/02/2025

Signing rule: Selskabet tegnes af bestyrelsens formand i forening med en direktør.

Address and production units

1 active production units

Maskinvej 5
2860 Søborg

Gladsaxe Municipality · Postcode 2860

Other companies at the address (8)

Production units
Production unitAddressEmployeesP number
PhaseTree ApSMaskinvej 5, 2860 Søborg141026941691

Purpose

Selskabets formål er at udøve virksomhed med handel og service samt aktiviteter i tilknytning hertil.

The purpose is quoted from the register in Danish.

Changes year by year

58 registered events
20261 changeaccounts 1
  • Annual report for 2025 published
20256 changesaccounts 1 · management 4 · industry 1
  • Annual report for 2024 published
  • Amit Luthra appointed board member
  • Jinhyun Chang appointed chair of the board
  • Amit Luthra stepped down as chair of the board
  • Jinhyun Chang stepped down as board member
  • Industry changed to Research and experimental development on natural sciences and engineering (721000)
202438 changescapital 2 · management 10 · ownership 25 · accounts 1
  • Share capital changed from 266,666 DKK to 333,332 DKK
  • Amit Luthra appointed ceo
  • Amit Luthra appointed chair of the board
  • Mikkel Mouritz Marfelt appointed board member
  • Christian Lindegaard Jepsen appointed board member
  • Tejs Vegge appointed board member
  • Jinhyun Chang stepped down as ceo
  • Peter Bernholdt Richter stepped down as board member
  • Luthra Family Holding ApS registered as owner (15%)
  • Heartcore Capital Fund V K/S registered as owner (20%)
  • TV Holdings ApS registered as owner (10%)
  • Jen& Holdings ApS registered as owner (15%)
  • Innovateur ApS is no longer registered as owner
  • LUTHRA HOLDING ApS is no longer registered as owner
  • Tejs Vegge stepped down as chair of the board
  • Jen& Holdings ApS is no longer registered as owner
  • TV Holdings ApS is no longer registered as owner
  • Luthra Family Holding ApS is no longer registered as owner
  • Tonic Holdings ApS registered as owner (20%)
  • Jen& Holdings ApS registered as owner (20%)
  • J&J Holdings ApS is no longer registered as owner
  • Share capital changed from 200,000 DKK to 266,666 DKK
  • Innovateur ApS registered as owner (5%)
  • LUTHRA HOLDING ApS registered as owner (5%)
  • J&J Holdings ApS registered as owner (33.33%)
  • TV Holdings ApS registered as owner (20%)
  • Luthra Family Holding ApS registered as owner (20%)
  • Innovateur ApS is no longer registered as owner
  • TV Holdings ApS is no longer registered as owner
  • J&J Holdings ApS is no longer registered as owner
  • Innovateur ApS registered as owner (5%)
  • TV Holdings ApS registered as owner (25%)
  • J&J Holdings ApS registered as owner (50%)
  • J&J Holdings ApS is no longer registered as owner
  • TV Holdings ApS is no longer registered as owner
  • Annual report for 2023 published
  • Jinhyun Chang appointed ceo
  • Jung Min Kang stepped down as director
20233 changesaccounts 1 · capital 1 · address 1
  • Annual report for 2022 published
  • Share capital changed from 40,000 DKK to 200,000 DKK
  • Moved to Maskinvej 5, 2860 Søborg
20223 changesaddress 2 · accounts 1
  • Moved to Njalsgade 76, 4, 2300 København S
  • Annual report for 2021 published
  • Moved to Njalsgade 76, 4, 2300 København S
20217 changesfounded 1 · management 4 · ownership 2
  • Registered as PhaseTree ApS
  • Jung Min Kang appointed director
  • Peter Bernholdt Richter appointed board member
  • Jinhyun Chang appointed board member
  • Tejs Vegge appointed chair of the board
  • J&J Holdings ApS registered as owner (50%)
  • TV Holdings ApS registered as owner (33.33%)

Related companies

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Same people in management

Largest in the industry

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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.

View in CVRReport a correction