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Travelrefund ApS

Private limited companyCVR 39330571København SActive

Travelrefund ApS is a private limited company, based in København S, active in other financial service activities n.e.c., founded in 2018. Equity was negative at the end of 2025 (−DKK 17.2m). The company made a loss in both 2024 and 2025, most recently DKK 5.8m. With 7 employees, the company is about 7 times larger than the industry median.

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Key figures · financial year 2025

Gross profit−DKK 3.4m−575.6% vs. 2024
Net profit−DKK 5.8m−188% vs. 2024
Equity−DKK 17.2m−50.4% vs. 2024
Employees7latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Gross profit fell 576% (2024 → 2025), to −DKK 3.4m.
  • The loss grew: from DKK 2m to DKK 5.8m (2024 → 2025).

Employees

  • 1 fewer employees than a year earlier: 7 (07/2026) against 8 (07/2025).

Registrations, last 24 months

  • 01/01/2025: Industry changed to Other financial service activities n.e.c. (649990)

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 Travelrefund ApS
202020212022202320242025Change
Revenuenot statednot statednot statednot statednot statednot stated–
Gross profit8,1733,7761,3382,684711−3,380−575.6%
Operating profit (EBIT)–−657−2,780−2,010−2,380−6,652−179.5%
Profit before tax3,756−772−2,844−2,232−2,569−7,240−181.9%
Net profit4,763−602−3,007−1,741−2,007−5,779−188%
Total assets1,9921,7392,4185,1075,5394,193−24.3%
Equity−3,524−4,127−7,134−8,875−11,461−17,241−50.4%
Liabilities5,5175,8669,55213,98217,00121,434+26.1%
Cash and cash equivalents544918162,9984,2431,893−55.4%
Average number of employees6467990%

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 4m−DKK 2mDKK 0DKK 2mDKK 4mDKK 6mDKK 8m202020212022202320242025
Gross profitMedian, the industry (739 companies)

Signals from the financial statements

calculated from the 2025 figures

  • Negative equity

    Equity was −DKK 17.2m at the end of 2025.

    How is this calculated?

    Equity in the latest annual report is below zero.

  • Loss for 5 years in a row

    Net result has been negative in 2021–2025.

    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

6 financial years
Annual reports for Travelrefund ApS
Financial yearPeriodPublishedFigures forDocuments
202501/01/2025 – 31/12/202502/08/2026The companyPDF not statedXBRL
202401/01/2024 – 31/12/202407/07/2025The companyPDFXBRL
202301/01/2023 – 31/12/202312/07/2024The companyPDFXBRL
202201/01/2022 – 31/12/202228/06/2023The companyPDFXBRL
202101/01/2021 – 31/12/202129/06/2022The companyPDFXBRL
202001/01/2020 – 31/12/202020/04/2021The 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
02468101208/2309/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/26
Employees

Position in the industry

739 companies in the database

Comparison with the other companies in other financial service activities n.e.c. based on the latest financial year.

Gross profit−DKK 3.4mNo. 703 of 713
Better than 1% of the companies in the industry
Equity−DKK 17.2mNo. 736 of 739
Better than 0% of the companies in the industry
Number of employees7No. 40 of 739
Better than 95% of the companies in the industry

Industry median: gross profit −DKK 23,925, net profit DKK 174k, equity DKK 10.2m, 1 employees.

DKK 100kDKK 2.8mDKK 77.4mDKK 2.2bnDKK 19.8bn
Distribution of gross profit for 270 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. 69,406of 69,742
Better than 0%
No. 69,750of 69,964
Better than 0%
Same industry and fewer than 20 employees699 companies in the comparison
No. 668of 676
Better than 1%
No. 696of 699
Better than 0%
Companies that are between 5 and 14 years old33,688 companies in the comparison
No. 33,379of 33,588
Better than 1%
No. 33,490of 33,687
Better than 1%
All companies of type ApS66,508 companies in the comparison
No. 66,095of 66,379
Better than 0%
No. 66,296of 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

Other financial service activities n.e.c.
Gross profit
  1. Travelrefund ApS−DKK 3.4m
  2. Kirkbi A/SDKK 60bn
  3. William Demant Invest A/SDKK 22bn
Net profit
  1. Travelrefund ApS−DKK 5.8m
  2. Kirkbi A/SDKK 16.9bn
  3. William Demant Invest A/SDKK 1.1bn
Equity
  1. Travelrefund ApS−DKK 17.2m
  2. Kirkbi A/SDKK 151.9bn
  3. William Demant Invest A/SDKK 31.6bn
Employees
  1. Travelrefund ApS7
  2. Kirkbi A/S176
  3. William Demant Invest A/S14

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
  • Yassine Holding ApS90%
  • I & N Holding ApS10%
Travelrefund ApS

Management

1 active registrations

Executive management

Executive management at Travelrefund ApS
NameRoleAppointed
Dekan SalarDirector12/03/2020
Founders
Debtia ApS
Former management (6)
Former management at Travelrefund ApS
NameRoleAppointedResigned
Christian Rützou HornskovCEO12/02/201815/09/2019
Christian Rützou HornskovChair of the board12/02/201803/03/2020
Mustapha Fauzi YassineBoard member10/10/201809/04/2021
Lisbeth Britta BakBoard member10/10/201809/04/2021
Mustapha Fauzi YassineCEO15/09/201912/03/2020
Malik TayyarBoard member03/03/202009/04/2021

Signing rule: Virksomheden tegnes af en direktør.

Address and production units

1 active production units

Ørestads Boulevard 73
2300 København S

København Municipality · Postcode 2300

Other companies at the address (2)

Production units
Production unitAddressEmployeesP number
Travelrefund ApSØrestads Boulevard 73, 7, 2300 København S61023343807

Purpose

Virksomhedens formål er at købe og sælge fordringer samt assistere med at inddrive fordringer.

The purpose is quoted from the register in Danish.

Changes year by year

33 registered events
20261 changeaccounts 1
  • Annual report for 2025 published
20252 changesaccounts 1 · industry 1
  • Annual report for 2024 published
  • Industry changed to Other financial service activities n.e.c. (649990)
20241 changeaccounts 1
  • Annual report for 2023 published
20231 changeaccounts 1
  • Annual report for 2022 published
20227 changesaddress 1 · accounts 1 · ownership 5
  • Moved to Ørestads Boulevard 73, 7, 2300 København S
  • Annual report for 2021 published
  • Dekan Salar registered as owner (10%)
  • Dekan Salar is no longer registered as owner
  • YASSINE HOLDING ApS registered as owner (90%)
  • I & N Holding ApS registered as owner (10%)
  • YASSINE HOLDING ApS is no longer registered as owner
20214 changesaccounts 1 · management 3
  • Annual report for 2020 published
  • Malik Tayyar stepped down as board member
  • Lisbeth Britta Bak stepped down as board member
  • Mustapha Fauzi Yassine stepped down as board member
20206 changesownership 2 · management 4
  • YASSINE HOLDING ApS registered as owner (100%)
  • Debtia ApS is no longer registered as owner
  • Dekan Salar appointed director
  • Mustapha Fauzi Yassine stepped down as ceo
  • Malik Tayyar appointed board member
  • Christian Rützou Hornskov stepped down as chair of the board
20195 changesaddress 1 · management 2 · industry 1 · name 1
  • Moved to Vestergade 18E, 1456 København K
  • Mustapha Fauzi Yassine appointed ceo
  • Christian Rützou Hornskov stepped down as ceo
  • Industry changed to Anden finansiel formidling undtagen forsikring og pensionsforsikring, i.a.n. (649900)
  • Name changed from Nem Opret ApS to Travelrefund ApS
20186 changesmanagement 4 · founded 1 · ownership 1
  • Lisbeth Britta Bak appointed board member
  • Mustapha Fauzi Yassine appointed board member
  • Registered as Nem Opret ApS
  • Christian Rützou Hornskov appointed ceo
  • Christian Rützou Hornskov appointed chair of the board
  • Debtia ApS registered as owner (100%)

Related companies

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