Pie Systems ApS

Private limited companyCVR 39877848Frederiksberg CActive

Pie Systems ApS is a private limited company, based in Frederiksberg C, active in other software publishing, founded in 2018. Equity was negative at the end of 2025 (−DKK 10.7m). After a loss in 2024, the company made a profit of DKK 2m in 2025. 8 other companies in the database are registered at the same address.

PDF report Compare

Key figures · financial year 2025

Gross profitDKK 4.3m+377.3% vs. 2024

Net profitDKK 2m+120.3% vs. 2024

Equity−DKK 10.7m+15.1% vs. 2024

Employees5latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

Gross profit rose 377% (2024 → 2025), to DKK 4.3m.
Net profit went from a loss of DKK 9.8m to a profit of DKK 2m (2024 → 2025).

Employees

2 more employees than a year earlier: 5 (07/2026) against 3 (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 2020–2025 · amounts in DKK thousand

Equity and net profit

EquityNet profit

Financial figures for Pie Systems ApS
	2020	2021	2022	2023	2024	2025	Change
Revenue	not stated	not stated	not stated	not stated	not stated	not stated	–
Gross profit	314	1,940	3,364	−1,763	909	4,339	+377.3%
Operating profit (EBIT)	−996	312	1,236	−4,747	−9,523	952	+110%
Profit before tax	−998	310	1,114	−4,897	−9,780	1,982	+120.3%
Net profit	−929	161	839	−4,897	−9,780	1,982	+120.3%
Total assets	1,494	2,564	2,670	15,438	7,962	13,879	+74.3%
Equity	1,057	1,250	2,089	−2,807	−12,587	−10,688	+15.1%
Liabilities	437	1,314	581	18,245	20,549	24,567	+19.6%
Cash and cash equivalents	696	656	1,531	3,589	1,689	2,036	+20.5%
Average number of employees	2	2	–	4	6	5	−16.7%

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

Compare with the industry (499 companies)

Gross profitMedian, the industry (499 companies)

Signals from the financial statements

calculated from the 2025 figures

Negative equity
Equity was −DKK 10.7m 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 Pie Systems ApS
Financial year	Period	Published	Figures for	Documents
2025	01/01/2025 – 31/12/2025	30/07/2026	The company	PDF not statedXBRL
2024	01/01/2024 – 31/12/2024	08/07/2025	The company	PDF XBRL
2023	01/01/2023 – 31/12/2023	08/07/2024	The company	PDF XBRL
2022	01/01/2022 – 31/12/2022	05/07/2023	The company	PDF XBRL
2021	01/01/2021 – 31/12/2021	07/07/2022	The company	PDF XBRL
2020	01/01/2020 – 31/12/2020	28/06/2021	The company	PDF XBRL

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

Employees

Position in the industry

499 companies in the database

Comparison with the other companies in other software publishing based on the latest financial year.

Gross profitDKK 4.3mNo. 211 of 494

Better than 57% of the companies in the industry

Equity−DKK 10.7mNo. 480 of 499

Better than 4% of the companies in the industry

Number of employees5No. 226 of 499

Better than 55% of the companies in the industry

Industry median: gross profit DKK 2.9m, net profit DKK 42,450, equity DKK 1.1m, 4 employees.

Distribution of gross profit for 427 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
Group	Gross profit	Equity
Companies with fewer than 20 employees69,967 companies in the comparison	No. 15,702of 69,742 Better than 77%	No. 69,611of 69,964 Better than 1%
Same industry and fewer than 20 employees406 companies in the comparison	No. 126of 404 Better than 69%	No. 391of 406 Better than 4%
Companies that are between 5 and 14 years old33,679 companies in the comparison	No. 9,752of 33,579 Better than 71%	No. 33,365of 33,678 Better than 1%
All companies of type ApS66,508 companies in the comparison	No. 15,869of 66,379 Better than 76%	No. 66,153of 66,505 Better than 1%

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

Gross profit

Pie Systems ApSDKK 4.3m
Milestone Systems A/SDKK 2bn
Visma e-conomic A/SDKK 880.2m

Net profit

Pie Systems ApSDKK 2m
Milestone Systems A/SDKK 183.4m
Visma e-conomic A/SDKK 456.2m

Equity

Pie Systems ApS−DKK 10.7m
Milestone Systems A/SDKK 1.7bn
Visma e-conomic A/SDKK 471.5m

Employees

Pie Systems ApS5
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

Owners

Pie Systems Inc.100%

Pie Systems ApS

Management

1 active registrations

Executive management

Executive management at Pie Systems ApS
Name	Role	Appointed
Sunny Long	CEO	20/09/2018

Auditor: Pricewaterhousecoopers Statsautoriseret Revisionspartnerselskab
Founders: Sunny Long

Signing rule: Selskabet tegnes af en direktør.

Address and production units

1 active production units

Fuglevangsvej 11
1962 Frederiksberg C

Frederiksberg Municipality · Postcode 1962

Other companies at the address (8)

Tryg Teamet ApSTemporary employment agency activities and other staff provision
Zentiva Denmark ApSWholesale of pharmaceutical goods and nursing supplies
Fast DK ApSComputer consultancy and computer facilities management
JW Global Ventures Denmark ApSTemporary employment agency activities and other staff provision
Loving Loyalty ApSComputer programming activities

Production units
Production unit	Address	Industry	Employees	P number
Pie Systems ApS	Fuglevangsvej 11, 1962 Frederiksberg C	Other software publishing	5	1023972375

Purpose

Selskabets formål er at drive virksomhed med udvikling, markedsføring og drift af en IT platform der gør det nemmere for turister at få momsrefusion på kvalificerede varer købt på udenlandsrejser, og hermed forbundet virksomhed.

The purpose is quoted from the register in Danish.

Changes year by year

26 registered events

62018

42019

72020

32021

12022

22023

12024

12025

12026

20261 changeaccounts 1

30/07AccountsAnnual report for 2025 published

20251 changeaccounts 1

08/07AccountsAnnual report for 2024 published

20241 changeaccounts 1

08/07AccountsAnnual report for 2023 published

20232 changesaccounts 1 · address 1

05/07AccountsAnnual report for 2022 published
18/04AddressMoved to Fuglevangsvej 11, 1962 Frederiksberg C

20221 changeaccounts 1

07/07AccountsAnnual report for 2021 published

20213 changesaccounts 1 · name 1 · capital 1

28/06AccountsAnnual report for 2020 published
31/05NameName changed from Pie Systems IVS to Pie Systems ApS
31/05CapitalShare capital changed from 7,746 DKK to 40,000 DKK

20207 changesaddress 1 · ownership 6

07/09AddressMoved to Havnegade 39, 1058 København K
22/07OwnershipPie Systems Inc. registered as owner (100%)
22/07OwnershipDreamcraft Heritage Fund K/S is no longer registered as owner
22/07OwnershipDG Incubation Inc is no longer registered as owner
22/07OwnershipNejc Pintar is no longer registered as owner
22/07OwnershipDominic Sheehy is no longer registered as owner
22/07OwnershipSunny Long is no longer registered as owner

20194 changescapital 1 · ownership 3

08/11CapitalShare capital changed from 7,043 DKK to 7,746 DKK
08/11OwnershipDreamcraft Heritage Fund K/S registered as owner (5%)
08/11OwnershipDG Incubation Inc registered as owner (5%)
08/11OwnershipNejc Pintar registered as owner (5%)

20186 changescapital 1 · ownership 2 · address 1 · founded 1 · management 1

25/12CapitalShare capital changed from 6,340 DKK to 7,043 DKK
20/12OwnershipDominic Sheehy registered as owner (5%)
30/10AddressMoved to Applebys Plads 7, 1411 København K
20/09FoundedRegistered as Pie Systems IVS
20/09ManagementSunny Long appointed ceo
20/09OwnershipSunny Long registered as owner (50%)

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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 CVR Report a correction