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Tst Holding ApS

Private limited companyCVR 36402679Aarhus CActive

Tst Holding ApS is a private limited company, based in Aarhus C, active in non-financial holding companies, founded in 2014. After a loss in 2024, the company made a profit of DKK 288k in 2025. Equity grew to DKK 831k in 2025.

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Key figures · financial year 2025

Gross profit−DKK 611k−1,340.8% vs. 2024
Net profitDKK 288k+109.1% vs. 2024
EquityDKK 831k+53.1% vs. 2024
Employees2latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Gross profit fell 1,341% (2024 → 2025), to −DKK 611k.
  • Net profit went from a loss of DKK 3.2m to a profit of DKK 288k (2024 → 2025).
  • Equity rose 53% (2024 → 2025), to DKK 831k.

Registrations, last 24 months

  • 11/02/2025: Moved to Guldsmedgade 38, 8000 Aarhus C
  • 01/01/2025: Industry changed to Non-financial holding companies (642120)

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 4m−DKK 2mDKK 0DKK 2mDKK 4mDKK 6m202020212022202320242025
EquityNet profit
Financial figures for Tst Holding ApS
202020212022202320242025Change
Revenuenot statednot statednot statednot statednot statednot stated–
Gross profit1,4982,5292,8931,46249−611−1,340.8%
Operating profit (EBIT)–––––−1,553–
Profit before tax−108638−103−1,145−3,555−140+96.1%
Net profit−72632−134−899−3,169288+109.1%
Total assets8,4679,4837,9777,9078,27810,937+32.1%
Equity4,7135,3445,2114,112543831+53.1%
Liabilities3,7554,1312,7613,7967,73510,106+30.7%
Cash and cash equivalents34280113688098+23.6%
Average number of employees344432−33.3%

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 1m−DKK 500kDKK 0DKK 500kDKK 1mDKK 1.5mDKK 2mDKK 2.5mDKK 3m202020212022202320242025
Gross profitMedian, the industry (2,138 companies)

Signals from the financial statements

calculated from the 2025 figures

  • Low equity ratio

    Equity makes up 8% of total assets in 2025.

    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.

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 Tst Holding ApS
Financial yearPeriodPublishedFigures forDocuments
202501/10/2024 – 30/09/202506/01/2026The companyPDF not statedXBRL
202401/10/2023 – 30/09/202418/02/2025The companyPDFXBRL
202301/10/2022 – 30/09/202312/03/2024The companyPDFXBRL
202201/10/2021 – 30/09/202222/03/2023The companyPDFXBRL
202101/10/2020 – 30/09/202122/02/2022The companyPDFXBRL
202001/10/2019 – 30/09/202017/02/2021The 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
0123408/2309/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/26
Employees

Position in the industry

2,138 companies in the database

Comparison with the other companies in non-financial holding companies based on the latest financial year.

Gross profit−DKK 611kNo. 1873 of 2,093
Better than 11% of the companies in the industry
EquityDKK 831kNo. 1914 of 2,138
Better than 10% of the companies in the industry
Number of employees2No. 435 of 2,138
Better than 80% of the companies in the industry

Industry median: gross profit −DKK 31,805, net profit DKK 701k, equity DKK 32.1m, 1 employees.

DKK 100kDKK 2.1mDKK 44.6mDKK 942.6mDKK 7.2bn
Distribution of gross profit for 820 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. 68,305of 69,742
Better than 2%
No. 36,077of 69,964
Better than 48%
Same industry and fewer than 20 employees2,092 companies in the comparison
No. 1,832of 2,048
Better than 11%
No. 1,873of 2,092
Better than 10%
Companies that are between 5 and 14 years old33,688 companies in the comparison
No. 32,975of 33,588
Better than 2%
No. 16,687of 33,687
Better than 50%
All companies of type ApS66,508 companies in the comparison
No. 65,269of 66,379
Better than 2%
No. 31,922of 66,505
Better than 52%

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

Non-financial holding companies
Gross profit
  1. Tst Holding ApS−DKK 611k
  2. Heartland A/SDKK 19.9bn
  3. Andel A.M.B.A.DKK 5.6bn
Net profit
  1. Tst Holding ApSDKK 288k
  2. Heartland A/SDKK 4.9bn
  3. Andel A.M.B.A.−DKK 2.9bn
Equity
  1. Tst Holding ApSDKK 831k
  2. Heartland A/SDKK 39.2bn
  3. Andel A.M.B.A.DKK 29.5bn
Employees
  1. Tst Holding ApS2
  2. Heartland A/S34
  3. Andel A.M.B.A.28

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
  • Thallaug Holding ApS100%
Tst Holding ApS
Subsidiaries and ownership shares

Subsidiaries are shown only if they are in the database.

Management

1 active registrations

Executive management

Executive management at Tst Holding ApS
NameRoleAppointed
Allan Hvid Holm ThallaugDirector01/10/2014
Auditor
Dansk Revision Grenaa, Statsautoriseret revisionsvirksomhed
Founders
Den Sidste Stald ApS, Thallaug Holding ApS
Former management (2)
Former management at Tst Holding ApS
NameRoleAppointedResigned
Kim Thygesen DanielsenDirector01/10/201404/07/2016
Kristian Melchior SørensenDirector01/10/201506/02/2018

Signing rule: Selskabet tegnes af den samlede direktion

Address and production units

1 active production units

Guldsmedgade 38
8000 Aarhus C

Aarhus Municipality · Postcode 8000

Production units
Production unitAddressEmployeesP number
TST HOLDING ApSGuldsmedgade 38, 8000 Aarhus C21019793784

Purpose

Selskabets formål er investering i fast ejendom og værdipapirer, herunder at fungere som holdingselskab for hel eller delvist ejede datterselskaber og dermed beslægtet virksomhed.

The purpose is quoted from the register in Danish.

Changes year by year

38 registered events
20261 changeaccounts 1
  • Annual report for 2025 published
20253 changesaccounts 1 · address 1 · industry 1
  • Annual report for 2024 published
  • Moved to Guldsmedgade 38, 8000 Aarhus C
  • Industry changed to Non-financial holding companies (642120)
20241 changeaccounts 1
  • Annual report for 2023 published
20232 changesaddress 1 · accounts 1
  • Moved to Jægergårdsgade 71, 8000 Aarhus C
  • Annual report for 2022 published
20221 changeaccounts 1
  • Annual report for 2021 published
20213 changesaddress 2 · accounts 1
  • Moved to Nørre Allé 22E, 1. tv, 8000 Aarhus C
  • Moved to Nørre Allé 22A, 1, 8000 Aarhus C
  • Annual report for 2020 published
20191 changeaddress 1
  • Moved to Jægergårdsgade 71, 8000 Aarhus C
20185 changesaddress 1 · management 1 · ownership 3
  • Moved to Jægergårdsgade 71, 8000 Aarhus C
  • Kristian Melchior Sørensen stepped down as director
  • THALLAUG HOLDING ApS registered as owner (100%)
  • Krsor Holding ApS is no longer registered as owner
  • THALLAUG HOLDING ApS is no longer registered as owner
20173 changescapital 1 · ownership 2
  • Share capital changed from 75,000 DKK to 50,000 DKK
  • Krsor Holding ApS registered as owner (50%)
  • Krsor Holding ApS is no longer registered as owner
20164 changesownership 3 · management 1
  • THALLAUG HOLDING ApS registered as owner (50%)
  • Den Sidste Stald ApS is no longer registered as owner
  • THALLAUG HOLDING ApS is no longer registered as owner
  • Kim Thygesen Danielsen stepped down as director
20159 changesaddress 1 · name 1 · capital 1 · management 1 · ownership 5
  • Moved to Jægergårdsgade 71, 8000 Aarhus C
  • Name changed from THYGESEN & THALLAUG HOLDING ApS to TST HOLDING ApS
  • Share capital changed from 50,000 DKK to 75,000 DKK
  • Kristian Melchior Sørensen appointed director
  • Krsor Holding ApS registered as owner (33.33%)
  • Den Sidste Stald ApS registered as owner (33.33%)
  • THALLAUG HOLDING ApS registered as owner (33.33%)
  • Den Sidste Stald ApS is no longer registered as owner
  • THALLAUG HOLDING ApS is no longer registered as owner
20145 changesfounded 1 · management 2 · ownership 2
  • Registered as THYGESEN & THALLAUG HOLDING ApS
  • Kim Thygesen Danielsen appointed director
  • Allan Hvid Holm Thallaug appointed director
  • Den Sidste Stald ApS registered as owner (50%)
  • THALLAUG HOLDING ApS registered as owner (50%)

Related companies

Same industry in Aarhus

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