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Target Group ApS

Private limited companyCVR 27230288København VActive

Target Group ApS is a private limited company, based in København V, active in sound recording and music publishing, founded in 2003. Net profit fell 30% from 2024 to 2025, ending at DKK 680k. With 17 employees, the company is about 9 times larger than the industry median.

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Key figures · financial year 2025

Gross profitDKK 2.5m−11.2% vs. 2024
Net profitDKK 680k−29.9% vs. 2024
EquityDKK 2.7m+0.5% vs. 2024
Employees17latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Gross profit fell 11% (2024 → 2025), to DKK 2.5m.
  • Net profit fell 30% (2024 → 2025), to DKK 680k.

Employees

  • 1 fewer employees than a year earlier: 17 (08/2026) against 18 (08/2025).

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

DKK 0DKK 500kDKK 1mDKK 1.5mDKK 2mDKK 2.5m202020212022202320242025
EquityNet profit
Financial figures for Target Group ApS
202020212022202320242025Change
Revenuenot statednot statednot statednot statednot statednot stated–
Gross profit1,7871,9301,7212,5472,8702,549−11.2%
Operating profit (EBIT)8561,0547759361,241873−29.7%
Profit before tax8421,0477288981,248870−30.3%
Net profit704750515699971680−29.9%
Total assets3,1873,9163,5323,0313,8793,699−4.7%
Equity1,7721,0721,0871,6682,6392,653+0.5%
Liabilities1,4132,8442,4451,3631,241998−19.6%
Cash and cash equivalents7616927285712,0012,233+11.6%
Average number of employees2112330%

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 500kDKK 1mDKK 1.5mDKK 2mDKK 2.5mDKK 3m202020212022202320242025
Gross profitMedian, the industry (98 companies)

Signals from the financial statements

calculated from the 2025 figures

  • Profit for five years in a row

    Net result has been positive in 2021–2025.

    How is this calculated?

    Net result is positive in the five 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

6 financial years
Annual reports for Target Group ApS
Financial yearPeriodPublishedFigures forDocuments
202501/01/2025 – 31/12/202527/06/2026The companyPDF not statedXBRL
202401/01/2024 – 31/12/202419/05/2025The companyPDFXBRL
202301/01/2023 – 31/12/202309/07/2024The companyPDFXBRL
202201/01/2022 – 31/12/202230/06/2023The companyPDFXBRL
202101/01/2021 – 31/12/202130/06/2022The companyPDFXBRL
202001/01/2020 – 31/12/202007/07/2021The 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
02468101214161809/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/2608/26
Employees

Position in the industry

98 companies in the database

Comparison with the other companies in sound recording and music publishing based on the latest financial year.

Gross profitDKK 2.5mNo. 31 of 98
Better than 69% of the companies in the industry
EquityDKK 2.7mNo. 23 of 98
Better than 77% of the companies in the industry
Number of employees17No. 23 of 98
Better than 77% of the companies in the industry

Industry median: gross profit DKK 1.1m, net profit DKK 44,863, equity DKK 605k, 2 employees.

DKK 100kDKK 492kDKK 2.4mDKK 11.9mDKK 34.6mHere
Distribution of gross profit for 89 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. 25,940of 69,742
Better than 63%
No. 20,804of 69,964
Better than 70%
Same industry and fewer than 20 employees94 companies in the comparison
No. 27of 94
Better than 72%
No. 20of 94
Better than 80%
Companies that are between 15 and 29 years old24,910 companies in the comparison
No. 14,039of 24,791
Better than 43%
No. 12,998of 24,909
Better than 48%
All companies of type ApS66,508 companies in the comparison
No. 25,366of 66,379
Better than 62%
No. 17,195of 66,505
Better than 74%

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

Sound recording and music publishing
Gross profit
  1. Target Group ApSDKK 2.5m
  2. Sony Music Entertainment Denmark A/SDKK 58.8m
  3. Warner Music Denmark A/SDKK 41.1m
Net profit
  1. Target Group ApSDKK 680k
  2. Sony Music Entertainment Denmark A/SDKK 11m
  3. Warner Music Denmark A/SDKK 15.5m
Equity
  1. Target Group ApSDKK 2.7m
  2. Sony Music Entertainment Denmark A/SDKK 23.7m
  3. Warner Music Denmark A/SDKK 124.7m
Employees
  1. Target Group ApS17
  2. Sony Music Entertainment Denmark A/S49
  3. Warner Music Denmark A/S18

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
  • Hvolgaard ApS100%
Target Group ApS

Management

1 active registrations

Executive management

Executive management at Target Group ApS
NameRoleAppointed
Michael Hvolgaard AndersenDirector04/07/2003
Founders
ApS KBUS 38 nr.3117
Former management (1)
Former management at Target Group ApS
NameRoleAppointedResigned
Kim MadsenCEO01/07/200304/07/2003

Signing rule: Selskabet tegnes af en direktør.

Address and production units

1 active production units

Vesterbrogade 45
1620 København V

København Municipality · Postcode 1620

Production units
Production unitAddressEmployeesP number
TARGET GROUP ApSVesterbrogade 45, st, 1620 København V171009955980

Purpose

Selskabets formål er distribution af musik, CD og plader

The purpose is quoted from the register in Danish.

Changes year by year

28 registered events
20261 changeaccounts 1
  • Annual report for 2025 published
20251 changeaccounts 1
  • Annual report for 2024 published
20241 changeaccounts 1
  • Annual report for 2023 published
20231 changeaccounts 1
  • Annual report for 2022 published
20221 changeaccounts 1
  • Annual report for 2021 published
20211 changeaccounts 1
  • Annual report for 2020 published
20203 changesaddress 2 · merger 1
  • Moved to Vesterbrogade 45, st, 1620 København V
  • Moved to Gasværksvej 1, 1. tv, 1656 København V
  • Merger registered in CVR
20193 changesownership 3
  • HVOLGAARD ApS registered as owner (100%)
  • ONE OF MANY HOLDINGSELSKABER ApS is no longer registered as owner
  • HVOLGAARD ApS is no longer registered as owner
20181 changeindustry 1
  • Industry changed to Sound recording and music publishing (592000)
20152 changesownership 2
  • HVOLGAARD ApS registered as owner (50%)
  • ONE OF MANY HOLDINGSELSKABER ApS registered as owner (33.33%)
20142 changesaddress 2
  • Moved to Gasværksvej 1, 1. tv, 1656 København V
  • Moved to Vesterbrogade 45, 1620 København V
20131 changename 1
  • Name changed from TARGET DISTRIBUTION ApS to TARGET GROUP ApS
20081 changeindustry 1
  • Industry changed to Engroshandel med indspillede videoer, cd'er, dvd'er mv. (464330)
20051 changeindustry 1
  • Industry changed to Engroshandel med indspillede og uindspillede videobånd, cd'er, dvd'er mv. (514330)
20041 changecapital 1
  • Share capital changed from 320,000 DKK to 225,000 DKK
20037 changescapital 1 · name 1 · address 1 · management 3 · founded 1
  • Share capital changed from 125,000 DKK to 320,000 DKK
  • Name changed from ApS KBUS 17 NR. 2559 to TARGET DISTRIBUTION ApS
  • Moved to Godthåbsvej 26B, 2, 2000 Frederiksberg
  • Michael Hvolgaard Andersen appointed director
  • Kim Madsen stepped down as ceo
  • Registered as ApS KBUS 17 NR. 2559
  • Kim Madsen appointed ceo

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.

View in CVRReport a correction