STG (Denmark) ApS
Private limited companyCVR 43932454København VActive
STG (Denmark) ApS is a private limited company, based in København V, active in fund management activities, founded in 2023. Equity was negative at the end of 2025 (−DKK 113.4m). The company made a loss in both 2024 and 2025, most recently DKK 43m. 8 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 fell 195% (2024 → 2025), to −DKK 24.4m.
- Revenue fell 100% (2024 → 2025), to DKK 0.
- The loss grew: from DKK 16.5m to DKK 43m (2024 → 2025).
Employees
- 2 fewer employees than a year earlier: 4 (07/2026) against 6 (07/2025).
Management and owners, last 24 months
- New in management: Emanuel Francis Jodoc Burgener (director, 08/10/2025).
- Stepped down: Asad Samar (director, 08/10/2025).
- New owners registered: STG Management (UK) Ltd. (01/12/2024).
- No longer registered as owner: STG Switzerland GmbH (01/12/2024).
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 thousandEquity and net profit
| 2023 | 2024 | 2025 | Change | |
|---|---|---|---|---|
| Revenue | 1,328 | 36,110 | 0 | −100% |
| Gross profit | −8,072 | 25,604 | −24,448 | −195.5% |
| Operating profit (EBIT) | −53,866 | −16,280 | −47,611 | −192.5% |
| Profit before tax | −53,881 | −16,500 | −43,030 | −160.8% |
| Net profit | −53,882 | −16,499 | −43,028 | −160.8% |
| Total assets | 4,511 | 41,735 | 13,355 | −68% |
| Equity | −53,842 | −70,340 | −113,368 | −61.2% |
| Liabilities | 58,351 | 112,076 | 126,723 | +13.1% |
| Cash and cash equivalents | 2,629 | 3,197 | 10,194 | +218.9% |
| Average number of employees | 4 | 7 | 7 | 0% |
Source: annual reports filed with the Danish Business Authority (XBRL). Group figures; change is the latest year against the year before. “–” means the figure is not stated in the annual report.
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 113.4m at the end of 2025.
How is this calculated?
Equity in the latest annual report is below zero.
Loss for 3 years in a row
Net result has been negative in 2023–2025.
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
3 financial years| Financial year | Period | Published | Figures for | Documents |
|---|---|---|---|---|
| 2025 | 01/01/2025 – 31/12/2025 | 10/07/2026 | The group | PDF not statedXBRL |
| 2024 | 01/01/2024 – 31/12/2024 | 30/06/2025 | The group | PDF not statedXBRL |
| 2023 | 08/03/2023 – 31/12/2023 | 08/07/2024 | 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
73 companies in the databaseComparison with the other companies in fund management activities based on the latest financial year.
Industry median: gross profit DKK 744k, net profit DKK 49,922, equity DKK 1.2m, 2 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. 69,704of 69,742 Better than 0% | No. 69,930of 69,964 Better than 0% |
| Same industry and fewer than 20 employees71 companies in the comparison | No. 71of 71 Better than 0% | No. 71of 71 Better than 0% |
| Companies that are founded within the last five years16,662 companies in the comparison | No. 16,600of 16,614 Better than 0% | No. 16,655of 16,661 Better than 0% |
| All companies of type ApS66,508 companies in the comparison | No. 66,342of 66,379 Better than 0% | No. 66,471of 66,505 Better than 0% |
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- STG (Denmark) ApS−DKK 24.4m
- Danica Kapitalforvaltning K/SDKK 785.8m
- Qube Research and Technologies Denmark ApSDKK 47.1m
- STG (Denmark) ApS−DKK 43m
- Danica Kapitalforvaltning K/SDKK 612.8m
- Qube Research and Technologies Denmark ApSDKK 6.7m
- STG (Denmark) ApS−DKK 113.4m
- Danica Kapitalforvaltning K/SDKK 622.8m
- Qube Research and Technologies Denmark ApSDKK 18.9m
- STG (Denmark) ApS4
- Danica Kapitalforvaltning K/S66
- Qube Research and Technologies Denmark ApS18
Latest financial year per company. Choose up to three companies from the largest in the industry.
Owners and group
from the Public Ownership Register- STG Management (UK) Ltd.100%
Management
2 active registrationsExecutive management
| Name | Role | Appointed |
|---|---|---|
| Russell Morgan | Director | 08/03/2023 |
| Emanuel Francis Jodoc Burgener | Director | 08/10/2025 |
- Founders
- Corporate Reporting Technologies AG
Former management (3)
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| Hung Luc | Director | 08/03/2023 | 22/05/2023 |
| Benjamin Bailly | Director | 08/03/2023 | 22/05/2023 |
| Asad Samar | Director | 22/05/2023 | 08/10/2025 |
Signing rule: Selskabet tegnes af én direktør.
Address and production units
1 active production unitsH.C. Andersens Boulevard 38
1553 København V
København Municipality · Postcode 1553
Other companies at the address (8)
- Retailors Denmark ApSRetail sale of clothing
- Balyasny Management (Denmark) ApSBusiness and other management consultancy activities
- Roku Denmark ApSComputer consultancy and computer facilities management
- Mercury Engineering ApSEngineering consultancy in production and mechanical engineering
- Suit Supply Denmark ApSRetail sale of clothing
| Production unit | Address | Employees | P number |
|---|---|---|---|
| STG (Denmark) ApS | H.C. Andersens Boulevard 38, 3. th, 1553 København V | 4 | 1029145381 |
Purpose
Selskabets formål er at gennemføre egeninvesteringer samt hermed beslægtet virksomhed.
The purpose is quoted from the register in Danish.
Changes year by year
16 registered events20261 changeaccounts 1
- AccountsAnnual report for 2025 published
20253 changesmanagement 2 · accounts 1
- ManagementEmanuel Francis Jodoc Burgener appointed director
- ManagementAsad Samar stepped down as director
- AccountsAnnual report for 2024 published
20243 changesownership 2 · accounts 1
- OwnershipSTG Management (UK) Ltd. registered as owner (100%)
- OwnershipSTG Switzerland GmbH is no longer registered as owner
- AccountsAnnual report for 2023 published
20239 changesindustry 1 · management 6 · founded 1 · ownership 1
- IndustryIndustry changed to Fund management activities (663000)
- ManagementAsad Samar appointed director
- ManagementHung Luc stepped down as director
- ManagementBenjamin Bailly stepped down as director
- FoundedRegistered as STG (Denmark) ApS
- ManagementHung Luc appointed director
- ManagementBenjamin Bailly appointed director
- ManagementRussell Morgan appointed director
- OwnershipSTG Switzerland GmbH registered as owner (100%)
Related companies
Same industry in København
- Nykredit Portefølje Administration A/S122 employees
- Danica Kapitalforvaltning K/S66 employees
- Core Property P/S37 employees
- Bi Management A/S32 employees
- Danske Invest Management A/S30 employees
- Wealth Fund Partners A/S29 employees
Largest in the industry
- Danica Kapitalforvaltning K/SDKK 785.8m
- Qube Research and Technologies Denmark ApSDKK 47.1m
- Erhvervsinvest Management A/SDKK 33m
- Selected Alternatives Management ApSDKK 18.6m
- Dansk Group A/SDKK 14.8m
- N2f Management ApSDKK 14.5m
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.