CVRdatabase
Menu

Tradeshift ApS

Private limited companyCVR 35391282København ØActive

Tradeshift ApS is a private limited company, based in København Ø, active in other software publishing, founded in 2013. The company made a loss in both 2025 and 2026, most recently DKK 8.5m. 8 other companies in the database are registered at the same address.

Follow
PDF reportCompare

Key figures · financial year 2026

Gross profitDKK 5.1m−81.9% vs. 2025
Net profit−DKK 8.5m−106.8% vs. 2025
EquityDKK 4.4m+111.1% vs. 2025
Employees2latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2026 against 2025

  • Gross profit fell 82% (2025 → 2026), to DKK 5.1m.
  • The loss grew: from DKK 4.1m to DKK 8.5m (2025 → 2026).
  • Equity turned positive again: DKK 4.4m (2025 → 2026).

Employees

  • 17 fewer employees than a year earlier: 2 (12/2025) against 19 (12/2024).

Management and owners, last 24 months

  • New in management: Michael Alan Cowles (director, 30/09/2025), Jonathan Patrick Lagan (director, 13/12/2024) and Michael Alan Cowles (director, 17/01/2025).
  • Stepped down: James Edward Stirk (director, 13/12/2024), Jonathan Patrick Lagan (director, 17/01/2025) and Michael Alan Cowles (director, 04/09/2025).

Registrations, last 24 months

  • 15/12/2025: Share capital changed from 100,000 DKK to 150,000 DKK
  • 15/12/2025: Status changed to active
  • 04/09/2025: Status changed to under compulsory dissolution

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 2020–2026 · amounts in DKK thousand

Equity and net profit

−DKK 40m−DKK 30m−DKK 20m−DKK 10mDKK 0DKK 10mDKK 20mDKK 30m202020222023202420252026
EquityNet profit
Financial figures for Tradeshift ApS
202020222023202420252026Change
Revenuenot statednot statednot statednot statednot statednot stated–
Gross profit102,64293,02089,29461,77828,2665,126−81.9%
Operating profit (EBIT)−22,7407,82112,25510,022−5,390−3,481+35.4%
Profit before tax9,799−5,98126,2009,770−5,255−4,859+7.5%
Net profit7,602−67520,423545−4,095−8,469−106.8%
Total assets96,825217,522173,053192,485250,176227,436−9.1%
Equity11,7198,25128,67429,219−39,5634,373+111.1%
Liabilities85,106209,271144,378163,266289,740223,063−23%
Cash and cash equivalents9,0673,2321,0632,1334,563654−85.7%
Average number of employees151888452237−69.6%

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, 2022, 2023, 2024, 2025, 2026: smaller companies may omit it, and we do not derive it from other figures. The register has no financial statements for 2021 (changed financial year or not filed).

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

DKK 0DKK 20mDKK 40mDKK 60mDKK 80mDKK 100m202020222023202420252026
Gross profitMedian, the industry (499 companies)

Signals from the financial statements

calculated from the 2026 figures

  • Loss for 2 years in a row

    Net result has been negative in 2025–2026.

    How is this calculated?

    Net result is negative in the two or more latest annual reports in a row.

  • Low equity ratio

    Equity makes up 2% of total assets in 2026.

    How is this calculated?

    Equity ÷ total assets is below 10% in the latest annual report. Banks, insurers and some industries naturally have a low ratio.

  • Fewer employees

    The number of employees fell 70% from 23 in 2025 to 7 in 2026.

    How is this calculated?

    The number of employees according to the annual report has fallen by at least 25%, and was at least 10 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 Tradeshift ApS
Financial yearPeriodPublishedFigures forDocuments
202601/02/2025 – 31/01/202628/08/2026The companyPDF not statedXBRL
202501/02/2024 – 31/01/202516/12/2025The companyPDF not statedXBRL
202401/02/2023 – 31/01/202430/08/2024The companyPDFXBRL
202301/02/2022 – 31/01/202329/08/2023The companyPDFXBRL
202201/02/2021 – 31/01/202204/07/2022The companyPDFXBRL
202001/01/2020 – 31/12/202014/07/2021The 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
02040608001/2302/2303/2304/2305/2306/2307/2308/2309/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/25
Employees

Position in the industry

499 companies in the database

Comparison with the other companies in other software publishing based on the latest financial year.

Gross profitDKK 5.1mNo. 193 of 494
Better than 61% of the companies in the industry
EquityDKK 4.4mNo. 145 of 499
Better than 71% of the companies in the industry
Number of employees2No. 185 of 499
Better than 63% of the companies in the industry

Industry median: gross profit DKK 2.9m, net profit DKK 42,450, equity DKK 1.1m, 4 employees.

DKK 100kDKK 1.2mDKK 14.1mDKK 168.1mDKK 875.9mHere
Distribution of gross profit for 427 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. 12,984of 69,742
Better than 81%
No. 15,436of 69,964
Better than 78%
Same industry and fewer than 20 employees406 companies in the comparison
No. 108of 404
Better than 73%
No. 82of 406
Better than 80%
Companies that are between 5 and 14 years old33,688 companies in the comparison
No. 8,452of 33,588
Better than 75%
No. 6,677of 33,687
Better than 80%
All companies of type ApS66,508 companies in the comparison
No. 13,410of 66,379
Better than 80%
No. 12,343of 66,505
Better than 81%

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

Other software publishing
Gross profit
  1. Tradeshift ApSDKK 5.1m
  2. Milestone Systems A/SDKK 2bn
  3. Visma e-conomic A/SDKK 880.2m
Net profit
  1. Tradeshift ApS−DKK 8.5m
  2. Milestone Systems A/SDKK 183.4m
  3. Visma e-conomic A/SDKK 456.2m
Equity
  1. Tradeshift ApSDKK 4.4m
  2. Milestone Systems A/SDKK 1.7bn
  3. Visma e-conomic A/SDKK 471.5m
Employees
  1. Tradeshift ApS2
  2. Milestone Systems A/S531
  3. Visma e-conomic A/S456

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
  • Tradeshift Holdings Inc.100%
Tradeshift ApS

Management

1 active registrations

Executive management

Executive management at Tradeshift ApS
NameRoleAppointed
Michael Alan CowlesDirector30/09/2025
Founders
Martin Vilhelm von Haller Baggesen Grønbæk
Former management (9)
Former management at Tradeshift ApS
NameRoleAppointedResigned
Christian LanngBoard member01/07/201319/08/2019
Gert SylvestDirector01/07/201319/08/2019
Mikkel Hippe BrunBoard member12/02/201619/08/2019
Christian LanngBoard member26/08/201929/01/2024
Gert SylvestDirector26/08/201929/06/2024
Mikkel Hippe BrunBoard member26/08/201917/08/2023
James Edward StirkDirector29/06/202413/12/2024
Jonathan Patrick LaganDirector13/12/202417/01/2025
Michael Alan CowlesDirector17/01/202504/09/2025

Signing rule: Selskabet tegnes af et medlem af direktionen

Address and production units

1 active production units

Østbanegade 123
2100 København Ø

København Municipality · Postcode 2100

Other companies at the address (8)

Production units
Production unitAddressEmployeesP number
TRADESHIFT ApSØstbanegade 123, 2100 København Ø21018605321

Purpose

Selskabets formål er at udvikle og sælge software og at eje kapitalandele i andre selskaber samt at udøve investeringsvirksomhed og anden beslægtet virksomhed.

The purpose is quoted from the register in Danish.

Changes year by year

35 registered events
20261 changeaccounts 1
  • Annual report for 2026 published
20258 changesaccounts 1 · status 2 · capital 1 · management 4
  • Annual report for 2025 published
  • Status changed to active
  • Share capital changed from 100,000 DKK to 150,000 DKK
  • Michael Alan Cowles appointed director
  • Status changed to under compulsory dissolution
  • Michael Alan Cowles stepped down as director
  • Michael Alan Cowles appointed director
  • Jonathan Patrick Lagan stepped down as director
20246 changesmanagement 5 · accounts 1
  • Jonathan Patrick Lagan appointed director
  • James Edward Stirk stepped down as director
  • Annual report for 2024 published
  • James Edward Stirk appointed director
  • Gert Sylvest stepped down as director
  • Christian Lanng stepped down as board member
20233 changesaddress 1 · accounts 1 · management 1
  • Moved to Østbanegade 123, 2100 København Ø
  • Annual report for 2023 published
  • Mikkel Hippe Brun stepped down as board member
20221 changeaccounts 1
  • Annual report for 2022 published
20211 changeaccounts 1
  • Annual report for 2020 published
20199 changesstatus 2 · capital 1 · management 6
  • Status changed to active
  • Share capital changed from 80,000 DKK to 100,000 DKK
  • Mikkel Hippe Brun appointed board member
  • Christian Lanng appointed board member
  • Gert Sylvest appointed director
  • Status changed to under compulsory dissolution
  • Mikkel Hippe Brun stepped down as board member
  • Christian Lanng stepped down as board member
  • Gert Sylvest stepped down as director
20161 changemanagement 1
  • Mikkel Hippe Brun appointed board member
20151 changeaddress 1
  • Moved to Landemærket 10, 1, 1119 København K
20134 changesfounded 1 · management 2 · ownership 1
  • Registered as TRADESHIFT ApS
  • Christian Lanng appointed board member
  • Gert Sylvest appointed director
  • Tradeshift Holdings Inc. registered as owner (100%)

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.

View in CVRReport a correction