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Sunshine Enterprise Holding A/S

Public limited companyCVR 25516397København VActive

Sunshine Enterprise Holding A/S is a public limited company, based in København V, active in research and experimental development on natural sciences and engineering, founded in 2000. The company went from a profit in 2024 to a loss of DKK 1.8m in 2025. With 73 employees, the company is about 15 times larger than the industry median. Equity fell to DKK 838k in 2025.

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Key figures · financial year 2025

Gross profit−DKK 154k+39.6% vs. 2024
Net profit−DKK 1.8m−249.8% vs. 2024
EquityDKK 838k−63% vs. 2024
Employees73latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Net profit went from a profit of DKK 1.2m to a loss of DKK 1.8m (2024 → 2025).
  • Equity fell 63% (2024 → 2025), to DKK 838k.

Employees

  • 13 fewer employees than a year earlier: 75 (2018) against 88 (2017).

Management and owners, last 24 months

  • New in management: Timothy Alan Cobb (board member, 29/10/2024) and Timothy Alan Cobb (director, 30/06/2026).
  • Stepped down: Jason Fredrick Knoblauch (board member, 19/06/2026) and Jason Fredrick Knoblauch (director, 19/06/2026).

Registrations, last 24 months

  • 01/01/2025: Industry changed to Research and experimental development on natural sciences and engineering (721000)

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 20m−DKK 15m−DKK 10m−DKK 5mDKK 0DKK 5m202020212022202320242025
EquityNet profit
Financial figures for Sunshine Enterprise Holding A/S
202020212022202320242025Change
Revenue2,6662213160not statednot stated–
Gross profit2,4561,417124−114−255−154+39.6%
Operating profit (EBIT)−9,0111,417–––––
Profit before tax−10,248−628–−3,4741,208––
Net profit−18,371−628−1,9014,0261,208−1,809−249.8%
Total assets47,31548,43251,29553,47554,925964−98.2%
Equity−7,001−5,591−5,0811,8252,267838−63%
Liabilities44,98454,02348,87651,65052,658126−99.8%
Cash and cash equivalents–319114331358251−29.9%
Average number of employees0––––0–

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 2024, 2025: smaller companies may omit it, and we do not derive it from other figures. Gross profit can exceed revenue when the company has other operating income or is a financial company.

Download the figures as CSV · free with an account, amounts in whole DKK

−DKK 500kDKK 0DKK 500kDKK 1mDKK 1.5mDKK 2mDKK 2.5m202020212022202320242025
Gross profitMedian, the industry (431 companies)

Signals from the financial statements

calculated from the 2025 figures

  • Equity fell sharply

    Equity fell 63% from 2024 to 2025 (DKK 2.3m to DKK 838k).

    How is this calculated?

    Equity has fallen by at least 30% from the previous annual report, and it was positive the year before.

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 Sunshine Enterprise Holding A/S
Financial yearPeriodPublishedFigures forDocuments
202501/01/2025 – 31/12/202530/06/2026The companyPDF not statedXBRL
202401/01/2024 – 31/12/202414/06/2025The companyPDFXBRL
202301/01/2023 – 31/12/202323/12/2024The companyPDFXBRL
202201/01/2022 – 31/12/202229/06/2023The companyPDFXBRL
202101/01/2021 – 31/12/202107/07/2022The companyPDFXBRL
202001/01/2020 – 31/12/202006/08/2021The 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

annual figures from CVR
020406080100120200020012002200320042005200620072008200920112012201320142015201620172018
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 profit−DKK 154kNo. 274 of 421
Better than 35% of the companies in the industry
EquityDKK 838kNo. 248 of 431
Better than 43% of the companies in the industry
Number of employees73No. 401 of 431
Better than 7% 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 13.7bn
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 50–199 employees4,467 companies in the comparison
No. 4,347of 4,412
Better than 1%
No. 3,993of 4,466
Better than 11%
Same industry and 50–199 employees27 companies in the comparison
No. 24of 26
Better than 8%
No. 27of 27
Better than 0%
Companies that are between 15 and 29 years old24,910 companies in the comparison
No. 23,730of 24,791
Better than 4%
No. 18,809of 24,909
Better than 24%
All companies of type A/S18,025 companies in the comparison
No. 16,957of 17,786
Better than 5%
No. 16,189of 18,024
Better than 10%

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. Sunshine Enterprise Holding A/S−DKK 154k
  2. Carlsberg A/SDKK 40.2bn
  3. Zealand Pharma A/SDKK 9.2bn
Net profit
  1. Sunshine Enterprise Holding A/S−DKK 1.8m
  2. Carlsberg A/SDKK 7bn
  3. Zealand Pharma A/SDKK 6.5bn
Equity
  1. Sunshine Enterprise Holding A/SDKK 838k
  2. Carlsberg A/SDKK 30.7bn
  3. Zealand Pharma A/SDKK 14.8bn
Employees
  1. Sunshine Enterprise Holding A/S73
  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
  • BioClinica Holding B.V.100%
Sunshine Enterprise Holding A/S

Management

4 active registrations

Executive management

Executive management at Sunshine Enterprise Holding A/S
NameRoleAppointed
Timothy Alan CobbDirector30/06/2026

Board of directors

Board of directors at Sunshine Enterprise Holding A/S
NameRoleAppointed
Michael Richard SanduskyChair of the board27/04/2023
Thomas Patrick StuckeyBoard member10/11/2023
Timothy Alan CobbBoard member29/10/2024
Founders
Gorrissen Federspiel Komplementar Advokatanpartsselskab
Former management (53)
Former management at Sunshine Enterprise Holding A/S
NameRoleAppointedResigned
Klaus SøgaardBoard member21/07/200020/10/2000
Klaus SøgaardDirector21/07/200020/10/2000
Jan-Erik Gunnar SvenssonChair of the board21/07/200020/10/2000
Troels Elkiær AndersenBoard member21/07/200020/10/2000
Henrik KehletBoard member20/10/200012/09/2006
Niels Thomas HeeringBoard member20/10/200002/05/2003
John ChristiansenBoard member20/10/200012/09/2006
Jan Oscar FrøshaugBoard member17/05/200118/06/2003
Peter Degnboel ThostrupBoard member17/05/200112/09/2006
Leslie MisrockBoard member17/05/200110/09/2001
Jens DollerupDirector01/10/200128/01/2002
Claus Henrik ChristiansenChair of the board27/03/200227/03/2002
Claus Henrik ChristiansenDirector27/03/200222/01/2007
Niels Lolk Helveg PetersenChair of the board27/03/200212/09/2006
Erik JuhlBoard member18/06/200312/09/2006
Hervé GirsaultBoard member11/10/200512/09/2006
David Carl BuhlerBoard member12/09/200604/10/2006
Aaron Christopher TimmBoard member12/09/200604/10/2006
Gary Stephen VelasquezChair of the board12/09/200627/05/2008
Bente Juel ChristiansenBoard member04/10/200628/11/2006
Hervé GirsaultBoard member04/10/200628/11/2006
David Carl BuhlerBoard member28/11/200628/02/2008
Jean-Claude ProvostDirector22/01/200722/03/2010
Kristian Martin Ramm-LarsenBoard member26/02/200805/11/2008
Jeffrey John BairstowChair of the board27/05/200809/10/2008
Thomas NielsenBoard member09/10/200822/03/2013
Aaron Christopher TimmChair of the board09/10/200827/03/2014
Ralph J. ReyesBoard member05/11/200822/03/2010
Ralph J. ReyesDirector22/03/201024/01/2011
Hans Christian HoeckCEO24/01/201126/03/2018
Hans Christian HoeckBoard member22/03/201326/03/2018
Søren HyllekvistChair of the board27/03/201426/03/2018
Ted KaminerBoard member27/03/201415/06/2015
David Eugene PetersBoard member15/06/201526/03/2018
David Scott HerronChair of the board26/03/201809/03/2020
William Hemmings HoganBoard member26/03/201809/03/2020
Elizabeth Bowen EdwardsBoard member26/03/201830/10/2018
Elizabeth Bowen EdwardsCEO26/03/201830/10/2018
William Hemmings HoganCEO30/10/201809/03/2020
Christopher OrlandoBoard member30/10/201805/08/2021
Euan Chrichton MenziesChair of the board09/03/202005/08/2021
Charles R BodnerBoard member09/03/202005/08/2021
Charles R BodnerDirector09/03/202005/08/2021
Maureen Waters MarchekBoard member09/03/202015/03/2023
Maureen Waters MarchekDirector05/08/202115/03/2023
Tom George VadakethChair of the board05/08/202129/06/2022
Joseph F EazorBoard member05/08/202129/06/2022
Michael John BonelloBoard member29/06/202228/06/2023
Michael Richard SanduskyBoard member29/06/202226/04/2023
Daniel Scott BraemBoard member27/04/202322/04/2024
Daniel Scott BraemCEO27/04/202322/04/2024
Jason Fredrick KnoblauchBoard member12/06/202419/06/2026
Jason Fredrick KnoblauchDirector12/06/202419/06/2026

Signing rule: Selskabet tegnes af to medlemmer af bestyrelsen i forening eller af et medlem af bestyrelsen i forening med en direktør.

Address and production units

1 active production units

Axeltorv 2
1609 København V

København Municipality · Postcode 1609

Other companies at the address (8)

Production units
Production unitAddressEmployeesP number
Sunshine Enterprise Holding A/SAxeltorv 2, 1609 København V71018095099

Purpose

Selskabets formål er at etablere og drive forskningscentre til udførelse af kliniske undersøgelser af højeste kvalitet og at drive forskning ved de bedste danske og udenlandske forskere indenfor lægevidenskab, alt i overensstemmelse med gældende etiske og sundhedsmæssige forskrifter, samt at afsætte resultatet af sådanne undersøgelser og forskning til andre forskningscentre, universiteter, hospitaler og medicinalfirmaer.

The purpose is quoted from the register in Danish.

Changes year by year

142 registered events
20264 changesmanagement 3 · accounts 1
  • Timothy Alan Cobb appointed director
  • Annual report for 2025 published
  • Jason Fredrick Knoblauch stepped down as director
  • Jason Fredrick Knoblauch stepped down as board member
20252 changesaccounts 1 · industry 1
  • Annual report for 2024 published
  • Industry changed to Research and experimental development on natural sciences and engineering (721000)
20246 changesaccounts 1 · management 5
  • Annual report for 2023 published
  • Timothy Alan Cobb appointed board member
  • Jason Fredrick Knoblauch appointed director
  • Jason Fredrick Knoblauch appointed board member
  • Daniel Scott Braem stepped down as ceo
  • Daniel Scott Braem stepped down as board member
20239 changesmanagement 8 · accounts 1
  • Thomas Patrick Stuckey appointed board member
  • Annual report for 2022 published
  • Michael John Bonello stepped down as board member
  • Daniel Scott Braem appointed ceo
  • Michael Richard Sandusky appointed chair of the board
  • Daniel Scott Braem appointed board member
  • Michael Richard Sandusky stepped down as board member
  • Maureen Waters Marchek stepped down as director
  • Maureen Waters Marchek stepped down as board member
20225 changesaccounts 1 · management 4
  • Annual report for 2021 published
  • Michael Richard Sandusky appointed board member
  • Michael John Bonello appointed board member
  • Tom George Vadaketh stepped down as chair of the board
  • Joseph F Eazor stepped down as board member
20219 changesaccounts 1 · capital 1 · management 7
  • Annual report for 2020 published
  • Share capital changed from 5,000,000 DKK to 400,000 DKK
  • Tom George Vadaketh appointed chair of the board
  • Joseph F Eazor appointed board member
  • Maureen Waters Marchek appointed director
  • Charles R Bodner stepped down as board member
  • Charles R Bodner stepped down as director
  • Euan Chrichton Menzies stepped down as chair of the board
  • Christopher Orlando stepped down as board member
20208 changesaddress 1 · management 7
  • Moved to Axeltorv 2, 1609 København V
  • Charles R Bodner appointed board member
  • Maureen Waters Marchek appointed board member
  • Charles R Bodner appointed director
  • Euan Chrichton Menzies appointed chair of the board
  • William Hemmings Hogan stepped down as ceo
  • David Scott Herron stepped down as chair of the board
  • William Hemmings Hogan stepped down as board member
20193 changesname 1 · ownership 2
  • Name changed from CENTER FOR CLINICAL AND BASIC RESEARCH A/S to Sunshine Enterprise Holding A/S
  • BioClinica Holding B.V. registered as owner (100%)
  • Center for Clinical and Basic Research A/S is no longer registered as owner
201812 changesmanagement 12
  • Christopher Orlando appointed board member
  • William Hemmings Hogan appointed ceo
  • Elizabeth Bowen Edwards stepped down as ceo
  • Elizabeth Bowen Edwards stepped down as board member
  • David Scott Herron appointed chair of the board
  • Elizabeth Bowen Edwards appointed ceo
  • Elizabeth Bowen Edwards appointed board member
  • William Hemmings Hogan appointed board member
  • David Eugene Peters stepped down as board member
  • Søren Hyllekvist stepped down as chair of the board
  • Hans Christian Hoeck stepped down as board member
  • Hans Christian Hoeck stepped down as ceo
201610 changesownership 10
  • Sixth Cinven Fund (No. 1) Limited Partnership registered as owner (15%)
  • Sixth Cinven Fund (No. 1) Limited Partnership is no longer registered as owner
  • Sixth Cinven Fund (No. 2) Limited Partnership registered as owner (15%)
  • Sixth Cinven Fund (No. 2) Limited Partnership is no longer registered as owner
  • Sixth Cinven Fund (No. 4) Limited Partnership registered as owner (15%)
  • Sixth Cinven Fund (No. 4) Limited Partnership is no longer registered as owner
  • Sixth Cinven Fund AIS (No. 1) Limited Partnership registered as owner (15%)
  • Sixth Cinven Fund AIS (No. 1) Limited Partnership is no longer registered as owner
  • Sixth Cinven Fund (No. 3) Limited Partnership registered as owner (15%)
  • Sixth Cinven Fund (No. 3) Limited Partnership is no longer registered as owner
20152 changesmanagement 2
  • David Eugene Peters appointed board member
  • Ted Kaminer stepped down as board member
20144 changesaddress 1 · management 3
  • Moved to Ballerup Byvej 222, 2750 Ballerup
  • Ted Kaminer appointed board member
  • Søren Hyllekvist appointed chair of the board
  • Aaron Christopher Timm stepped down as chair of the board
20134 changesaddress 2 · management 2
  • Moved to Glerupvej 2, 1, 2610 Rødovre
  • Hans Christian Hoeck appointed board member
  • Thomas Nielsen stepped down as board member
  • Moved to Ballerup Byvej 222, 2750 Ballerup
20112 changesmanagement 2
  • Hans Christian Hoeck appointed ceo
  • Ralph J. Reyes stepped down as director
20103 changesmanagement 3
  • Ralph J. Reyes appointed director
  • Ralph J. Reyes stepped down as board member
  • Jean-Claude Provost stepped down as director
200812 changesmanagement 9 · address 1 · industry 1 · ownership 1
  • Ralph J. Reyes appointed board member
  • Kristian Martin Ramm-Larsen stepped down as board member
  • Aaron Christopher Timm appointed chair of the board
  • Thomas Nielsen appointed board member
  • Jeffrey John Bairstow stepped down as chair of the board
  • Moved to Telegrafvej 4, 1, 2750 Ballerup
  • Jeffrey John Bairstow appointed chair of the board
  • Gary Stephen Velasquez stepped down as chair of the board
  • David Carl Buhler stepped down as board member
  • Kristian Martin Ramm-Larsen appointed board member
  • Industry changed to Anden forskning og eksperimentel udvikling inden for naturvidenskab og teknik (721900)
  • Center for Clinical and Basic Research A/S registered as owner (100%)
20072 changesmanagement 2
  • Jean-Claude Provost appointed director
  • Claus Henrik Christiansen stepped down as director
200616 changesmanagement 16
  • David Carl Buhler appointed board member
  • Hervé Girsault stepped down as board member
  • Bente Juel Christiansen stepped down as board member
  • Hervé Girsault appointed board member
  • Bente Juel Christiansen appointed board member
  • Aaron Christopher Timm stepped down as board member
  • David Carl Buhler stepped down as board member
  • Aaron Christopher Timm appointed board member
  • Gary Stephen Velasquez appointed chair of the board
  • David Carl Buhler appointed board member
  • Hervé Girsault stepped down as board member
  • Erik Juhl stepped down as board member
  • Niels Lolk Helveg Petersen stepped down as chair of the board
  • Peter Degnboel Thostrup stepped down as board member
  • John Christiansen stepped down as board member
  • Henrik Kehlet stepped down as board member
20051 changemanagement 1
  • Hervé Girsault appointed board member
20033 changesmanagement 3
  • Erik Juhl appointed board member
  • Jan Oscar Frøshaug stepped down as board member
  • Niels Thomas Heering stepped down as board member
20025 changesmanagement 5
  • Claus Henrik Christiansen appointed chair of the board
  • Claus Henrik Christiansen stepped down as chair of the board
  • Niels Lolk Helveg Petersen appointed chair of the board
  • Claus Henrik Christiansen appointed director
  • Jens Dollerup stepped down as director
20015 changesmanagement 5
  • Jens Dollerup appointed director
  • Leslie Misrock stepped down as board member
  • Peter Degnboel Thostrup appointed board member
  • Leslie Misrock appointed board member
  • Jan Oscar Frøshaug appointed board member
200015 changescapital 1 · name 1 · address 1 · management 11 · founded 1
  • Share capital changed from 500,000 DKK to 5,000,000 DKK
  • Name changed from GFKJURA 884 A/S to CENTER FOR CLINICAL AND BASIC RESEARCH A/S
  • Moved to Ballerup Byvej 222, 2750 Ballerup
  • Niels Thomas Heering appointed board member
  • John Christiansen appointed board member
  • Henrik Kehlet appointed board member
  • Klaus Søgaard stepped down as director
  • Troels Elkiær Andersen stepped down as board member
  • Jan-Erik Gunnar Svensson stepped down as chair of the board
  • Klaus Søgaard stepped down as board member
  • Registered as GFKJURA 884 A/S
  • Klaus Søgaard appointed director
  • Troels Elkiær Andersen appointed board member
  • Jan-Erik Gunnar Svensson appointed chair of the board
  • Klaus Søgaard appointed board member

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Same people in management

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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