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Red Associates A/S

Public limited companyCVR 28325290København KActive

Red Associates A/S is a public limited company, based in København K, active in business and other management consultancy activities, founded in 2005. The company went from a profit in 2024 to a loss of DKK 643k in 2025. With 36 employees, the company is about 18 times larger than the industry median. Gross profit is higher than that of 96% of the companies in the industry in the database.

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Key figures · financial year 2025

Gross profitDKK 43.1m−18.1% vs. 2024
Net profit−DKK 643k−105% vs. 2024
EquityDKK 24.7m−2.5% vs. 2024
Employees36latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Gross profit fell 18% (2024 → 2025), to DKK 43.1m.
  • Net profit went from a profit of DKK 12.9m to a loss of DKK 643k (2024 → 2025).
  • Equity fell 3% (2024 → 2025), to DKK 24.7m.

Employees

  • 6 more employees than a year earlier: 36 (08/2026) against 30 (08/2025).

Management and owners, last 24 months

  • New in management: Charlotte Vangsgaard (chair of the board, 27/05/2025), Millie Parekh Arora (board member, 27/05/2025) and Anne Mette Worsøe Lottrup (director, 01/10/2025).
  • Stepped down: Charlotte Vangsgaard (board member, 26/05/2025), Mads Holme (director, 30/09/2025) and Millie Parekh Arora (chair of the board, 26/05/2025) (+2).

Registrations, last 24 months

  • 01/01/2025: Industry changed to Business and other management consultancy activities (702000)

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 10mDKK 0DKK 10mDKK 20mDKK 30mDKK 40mDKK 50mDKK 60mDKK 70m202020212022202320242025
EquityNet profit
Financial figures for Red Associates A/S
202020212022202320242025Change
Revenuenot statednot statednot statednot statednot statednot stated–
Gross profit34,65745,21453,61652,87352,60843,063−18.1%
Operating profit (EBIT)3,9007,08814,49513,00514,4924,085−71.8%
Profit before tax87210,56114,26012,58716,733−656−103.9%
Net profit6778,23610,9749,77112,948−643−105%
Total assets68,01389,91899,86068,93663,94076,646+19.9%
Equity51,90560,14171,11551,25425,33024,687−2.5%
Liabilities16,10829,77728,03914,51135,92149,655+38.2%
Cash and cash equivalents10,96821,96748,0242,8874,77611,111+132.7%
Average number of employees283338373539+11.4%

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 10mDKK 20mDKK 30mDKK 40mDKK 50m202020212022202320242025
Gross profitMedian, the industry (2,370 companies)

Annual reports

6 financial years
Annual reports for Red Associates A/S
Financial yearPeriodPublishedFigures forDocuments
202501/01/2025 – 31/12/202514/07/2026The companyPDF not statedXBRL
202401/01/2024 – 31/12/202404/06/2025The companyPDFXBRL
202301/01/2023 – 31/12/202329/06/2024The companyPDFXBRL
202201/01/2022 – 31/12/202219/06/2023The companyPDFXBRL
202101/01/2021 – 31/12/202129/06/2022The companyPDFXBRL
202001/01/2020 – 31/12/202024/06/2021The 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
0102030405009/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/2608/26
Employees

Position in the industry

2,370 companies in the database

Comparison with the other companies in business and other management consultancy activities based on the latest financial year.

Gross profitDKK 43.1mNo. 92 of 2,358
Better than 96% of the companies in the industry
EquityDKK 24.7mNo. 281 of 2,369
Better than 88% of the companies in the industry
Number of employees36No. 99 of 2,370
Better than 96% of the companies in the industry

Industry median: gross profit DKK 1.3m, net profit DKK 170k, equity DKK 974k, 2 employees.

DKK 100kDKK 1.6mDKK 26.5mDKK 431.1mDKK 2.8bnHere
Distribution of gross profit for 2,031 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 20–49 employees9,922 companies in the comparison
No. 616of 9,892
Better than 94%
No. 1,452of 9,922
Better than 85%
Same industry and 20–49 employees107 companies in the comparison
No. 17of 107
Better than 85%
No. 14of 107
Better than 88%
Companies that are between 15 and 29 years old24,910 companies in the comparison
No. 1,667of 24,791
Better than 93%
No. 3,879of 24,909
Better than 84%
All companies of type A/S18,025 companies in the comparison
No. 3,328of 17,786
Better than 81%
No. 5,507of 18,024
Better than 69%

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

Business and other management consultancy activities
Gross profit
  1. Red Associates A/SDKK 43.1m
  2. COWI Holding A/SDKK 7bn
  3. Accenture A/SDKK 1.1bn
Net profit
  1. Red Associates A/S−DKK 643k
  2. COWI Holding A/SDKK 374m
  3. Accenture A/SDKK 116.1m
Equity
  1. Red Associates A/SDKK 24.7m
  2. COWI Holding A/SDKK 2bn
  3. Accenture A/SDKK 642m
Employees
  1. Red Associates A/S36
  2. COWI Holding A/S12
  3. Accenture A/S977

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
  • Red Associates Holding A/S100%
Red Associates A/S

Management

4 active registrations

Executive management

Executive management at Red Associates A/S
NameRoleAppointed
Anne Mette Worsøe LottrupDirector01/10/2025

Board of directors

Board of directors at Red Associates A/S
NameRoleAppointed
Filip Steenberg LauBoard member11/12/2007
Charlotte VangsgaardChair of the board27/05/2025
Millie Parekh AroraBoard member27/05/2025
Founders
Madsbjerg Holding ApS, Fmf Holding ApS, Kontrapunkt A/S
Former management (17)
Former management at Red Associates A/S
NameRoleAppointedResigned
Anders ByrielChair of the board03/01/200511/12/2007
Hans Henrik BeckBoard member08/06/200611/12/2007
Peter PerregaardBoard member08/06/200611/12/2007
Christian MadsbjergBoard member11/12/200701/06/2023
William Ervin HooverBoard member01/10/200821/12/2009
Frederik WiedemannChair of the board01/01/200931/08/2012
Mikkel Bethlowsky RasmussenBoard member28/01/200901/06/2023
Charlotte VangsgaardCEO31/01/201126/05/2016
Mikkel Bethlowsky RasmussenDirector31/01/201131/08/2012
Charlotte VangsgaardBoard member31/01/201126/05/2025
Millie AroraCEO26/05/201601/03/2017
Lynda Ann CuzaDirector01/03/201704/02/2020
Mads HolmeDirector05/02/202030/09/2025
Millie Parekh AroraChair of the board01/06/202326/05/2025
Mads HolmeBoard member01/06/202330/09/2025
Mikkel Krüger KrenchelBoard member01/06/202319/08/2026
Frederik WiedemannDirector–01/10/2008

Signing rule: Selskabet tegnes af en direktør i fællesskab med et bestyrelsesmedlem eller af den samlede bestyrelse.

Address and production units

1 active production units

Kronprinsessegade 20
1306 København K

København Municipality · Postcode 1306

Production units
Production unitAddressEmployeesP number
RED ASSOCIATES A/SKronprinsessegade 20, 2, 1306 København K361011065658

Purpose

Selskabets formål er at være virksomhedernes strategiske og innovative sparringspartner inden for forretningsudvikling og design samt direkte eller indirekte at drive anden virksomhed, der efter bestyrelsens skøn er forbunden dermed.

The purpose is quoted from the register in Danish.

Changes year by year

51 registered events
20262 changesmanagement 1 · accounts 1
  • Mikkel Krüger Krenchel stepped down as board member
  • Annual report for 2025 published
20259 changesmanagement 7 · accounts 1 · industry 1
  • Anne Mette Worsøe Lottrup appointed director
  • Mads Holme stepped down as board member
  • Mads Holme stepped down as director
  • Annual report for 2024 published
  • Millie Parekh Arora appointed board member
  • Charlotte Vangsgaard appointed chair of the board
  • Millie Parekh Arora stepped down as chair of the board
  • Charlotte Vangsgaard stepped down as board member
  • Industry changed to Business and other management consultancy activities (702000)
20241 changeaccounts 1
  • Annual report for 2023 published
20236 changesaccounts 1 · management 5
  • Annual report for 2022 published
  • Millie Parekh Arora appointed chair of the board
  • Mikkel Krüger Krenchel appointed board member
  • Mads Holme appointed board member
  • Mikkel Bethlowsky Rasmussen stepped down as board member
  • Christian Madsbjerg stepped down as board member
20221 changeaccounts 1
  • Annual report for 2021 published
20211 changeaccounts 1
  • Annual report for 2020 published
20202 changesmanagement 2
  • Mads Holme appointed director
  • Lynda Ann Cuza stepped down as director
20172 changesmanagement 2
  • Lynda Ann Cuza appointed director
  • Millie Arora stepped down as ceo
20162 changesmanagement 2
  • Millie Arora appointed ceo
  • Charlotte Vangsgaard stepped down as ceo
20122 changesmanagement 2
  • Mikkel Bethlowsky Rasmussen stepped down as director
  • Frederik Wiedemann stepped down as chair of the board
20113 changesmanagement 3
  • Charlotte Vangsgaard appointed ceo
  • Mikkel Bethlowsky Rasmussen appointed director
  • Charlotte Vangsgaard appointed board member
20093 changesmanagement 3
  • William Ervin Hoover stepped down as board member
  • Mikkel Bethlowsky Rasmussen appointed board member
  • Frederik Wiedemann appointed chair of the board
20083 changesmanagement 2 · industry 1
  • William Ervin Hoover appointed board member
  • Frederik Wiedemann stepped down as director
  • Industry changed to Virksomhedsrådgivning og anden rådgivning om driftsledelse (702200)
20076 changesmanagement 5 · ownership 1
  • Christian Madsbjerg appointed board member
  • Filip Steenberg Lau appointed board member
  • Hans Henrik Beck stepped down as board member
  • Peter Perregaard stepped down as board member
  • Anders Byriel stepped down as chair of the board
  • RED ASSOCIATES HOLDING A/S registered as owner (100%)
20064 changesname 1 · capital 1 · management 2
  • Name changed from RED ASSOCIATES ApS to RED ASSOCIATES A/S
  • Share capital changed from 125,000 DKK to 500,000 DKK
  • Hans Henrik Beck appointed board member
  • Peter Perregaard appointed board member
20054 changesaddress 1 · name 1 · founded 1 · management 1
  • Moved to Kronprinsessegade 20, 2, 1306 København K
  • Name changed from KONTRAPUNKT R&D ApS to RED ASSOCIATES ApS
  • Registered as KONTRAPUNKT R&D ApS
  • Anders Byriel appointed chair of the board

Related companies

Same industry in København

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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