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Qube Research and Technologies Denmark ApS

Private limited companyCVR 44120623Aarhus CActive

Qube Research and Technologies Denmark ApS is a private limited company, based in Aarhus C, active in fund management activities, founded in 2023. Net profit rose 38% from 2024 to 2025, ending at DKK 6.7m. Measured by gross profit, it ranks no. 2 of 72 companies in the industry in the database. With 18 employees, the company is about 9 times larger than the industry median.

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Key figures · financial year 2025

RevenueDKK 55.2m+2.7% vs. 2024
Net profitDKK 6.7m+37.8% vs. 2024
EquityDKK 18.9m+54.3% vs. 2024
Employees18latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Gross profit rose 2% (2024 → 2025), to DKK 47.1m.
  • Revenue rose 3% (2024 → 2025), to DKK 55.2m.
  • Net profit rose 38% (2024 → 2025), to DKK 6.7m.
  • Equity rose 54% (2024 → 2025), to DKK 18.9m.

Employees

  • 2 more employees than a year earlier: 18 (07/2026) against 16 (07/2025).

Management and owners, last 24 months

  • New in management: Thomas Bjørn Houlind (director, 10/02/2025) and Jason Saul Etherington (director, 10/02/2025).
  • Stepped down: Stuart Brown (director, 10/02/2025).

Registrations, last 24 months

  • 23/09/2026: Moved to Kalkværksvej 11, 16, 8000 Aarhus C

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 2023–2025 · amounts in DKK thousand

Equity and net profit

−DKK 2mDKK 0DKK 2mDKK 4mDKK 6mDKK 8mDKK 10mDKK 12mDKK 14mDKK 16mDKK 18m202320242025
EquityNet profit
Financial figures for Qube Research and Technologies Denmark ApS
202320242025Change
Revenuenot stated53,71655,189+2.7%
Gross profit−6546,39247,095+1.5%
Operating profit (EBIT)–6,4299,451+47%
Profit before tax−656,3548,579+35%
Net profit−654,8316,657+37.8%
Total assets4050,98754,368+6.6%
Equity−2512,26718,924+54.3%
Liabilities65–35,444–
Cash and cash equivalents4019,68620,696+5.1%
Average number of employees–812+50%

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 2023: 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 10mDKK 0DKK 10mDKK 20mDKK 30mDKK 40mDKK 50m202320242025
Gross profitMedian, the industry (73 companies)

Annual reports

3 financial years
Annual reports for Qube Research and Technologies Denmark ApS
Financial yearPeriodPublishedFigures forDocuments
202501/01/2025 – 31/12/202518/05/2026The companyPDF not statedXBRL
202401/01/2024 – 31/12/202404/07/2025The companyPDFXBRL
202308/06/2023 – 31/12/202329/06/2024The 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
02468101214161803/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/26
Employees

Position in the industry

73 companies in the database

Comparison with the other companies in fund management activities based on the latest financial year.

Gross profitDKK 47.1mNo. 2 of 72
Better than 99% of the companies in the industry
EquityDKK 18.9mNo. 9 of 73
Better than 89% of the companies in the industry
Number of employees18No. 7 of 73
Better than 92% of the companies in the industry

Industry median: gross profit DKK 744k, net profit DKK 49,922, equity DKK 1.2m, 2 employees.

DKK 100kDKK 942kDKK 8.9mDKK 83.5mDKK 372.2mHere
Distribution of gross profit for 51 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. 562of 69,742
Better than 99%
No. 6,005of 69,964
Better than 91%
Same industry and fewer than 20 employees71 companies in the comparison
No. 1of 71
Better than 100%
No. 7of 71
Better than 91%
Companies that are founded within the last five years16,662 companies in the comparison
No. 153of 16,614
Better than 99%
No. 583of 16,661
Better than 97%
All companies of type ApS66,508 companies in the comparison
No. 773of 66,379
Better than 99%
No. 4,403of 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

Fund management activities
Gross profit
  1. Qube Research and Technologies Denmark ApSDKK 47.1m
  2. Danica Kapitalforvaltning K/SDKK 785.8m
  3. Erhvervsinvest Management A/SDKK 33m
Net profit
  1. Qube Research and Technologies Denmark ApSDKK 6.7m
  2. Danica Kapitalforvaltning K/SDKK 612.8m
  3. Erhvervsinvest Management A/SDKK 34.1m
Equity
  1. Qube Research and Technologies Denmark ApSDKK 18.9m
  2. Danica Kapitalforvaltning K/SDKK 622.8m
  3. Erhvervsinvest Management A/SDKK 54.5m
Employees
  1. Qube Research and Technologies Denmark ApS18
  2. Danica Kapitalforvaltning K/S66
  3. Erhvervsinvest Management A/S9

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
  • Qube Research & Technologies Limited100%
Qube Research and Technologies Denmark ApS

Management

2 active registrations

Executive management

Executive management at Qube Research and Technologies Denmark ApS
NameRoleAppointed
Thomas Bjørn HoulindDirector10/02/2025
Jason Saul EtheringtonDirector10/02/2025
Founders
Qube Research & Technologies Limited
Former management (1)
Former management at Qube Research and Technologies Denmark ApS
NameRoleAppointedResigned
Stuart BrownDirector08/06/202310/02/2025

Signing rule: Selskabet tegnes af én direktør.

Address and production units

1 active production units

Kalkværksvej 11
8000 Aarhus C

Aarhus Municipality · Postcode 8000

Production units
Production unitAddressEmployeesP number
Qube Research and Technologies Denmark ApSKalkværksvej 11, 16, 8000 Aarhus C181029399286

Purpose

Selskabets formål er at udføre forskning for UK-baserede tradere af commodities og hermed beslægtet virksomhed.

The purpose is quoted from the register in Danish.

Changes year by year

13 registered events
20262 changesaddress 1 · accounts 1
  • Moved to Kalkværksvej 11, 16, 8000 Aarhus C
  • Annual report for 2025 published
20254 changesaccounts 1 · management 3
  • Annual report for 2024 published
  • Thomas Bjørn Houlind appointed director
  • Jason Saul Etherington appointed director
  • Stuart Brown stepped down as director
20243 changescapital 1 · accounts 1 · address 1
  • Share capital changed from 40,000 DKK to 40,001 DKK
  • Annual report for 2023 published
  • Moved to Søndergade 45, 4, 8000 Aarhus C
20234 changesaddress 1 · founded 1 · management 1 · ownership 1
  • Moved to Amerika Plads 37, 2100 København Ø
  • Registered as Qube Research and Technologies Denmark ApS
  • Stuart Brown appointed director
  • Qube Research & Technologies Limited registered as owner (100%)

Related companies

Same industry in Aarhus

See all →

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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