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Tungsten Automation Development A/S

Public limited companyCVR 21382086HerlevActive

Tungsten Automation Development A/S is a public limited company, based in Herlev, active in other software publishing, founded in 1999. Net profit rose 189% from 2024 to 2025, ending at DKK 3.9m. Gross profit is higher than that of 76% of the companies in the industry in the database.

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Key figures · financial year 2025

Gross profitDKK 12.2m−5% vs. 2024
Net profitDKK 3.9m+189.2% vs. 2024
EquityDKK 66.8m+6.3% vs. 2024
Employees9latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Gross profit fell 5% (2024 → 2025), to DKK 12.2m.
  • Net profit rose 189% (2024 → 2025), to DKK 3.9m.
  • Equity rose 6% (2024 → 2025), to DKK 66.8m.

Employees

  • 2 fewer employees than a year earlier: 9 (08/2026) against 11 (08/2025).

Management and owners, last 24 months

  • New in management: Peter Lawrence (board member, 22/07/2025) and Jeffrey Kyle Stouder (chair of the board, 15/10/2026).
  • Stepped down: Martin Gustav Oberholzer (chair of the board, 15/10/2026) and Cort Steven Townsend (board member, 22/07/2025).

Registrations, last 24 months

  • 02/03/2026: Moved to Lyskær 3C, 4, 2730 Herlev

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 10mDKK 20mDKK 30mDKK 40mDKK 50mDKK 60mDKK 70m202020212022202320242025
EquityNet profit
Financial figures for Tungsten Automation Development A/S
202020212022202320242025Change
Revenuenot statednot statednot statednot statednot statednot stated–
Gross profit14,54713,26813,27414,77712,85512,216−5%
Operating profit (EBIT)3,4014,4523,5662,2105291,856+250.8%
Profit before tax6,4685,7454,6844,2011,7475,051+189.1%
Net profit5,1464,4813,8283,2771,3633,941+189.2%
Total assets60,92362,28472,57378,784106,111122,713+15.6%
Equity49,95854,43958,26761,54462,90766,848+6.3%
Liabilities10,9657,84514,30517,23943,20355,866+29.3%
Cash and cash equivalents2,4332,696224369412943+128.7%
Average number of employees131110131310−23.1%

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 2mDKK 4mDKK 6mDKK 8mDKK 10mDKK 12mDKK 14m202020212022202320242025
Gross profitMedian, the industry (499 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 Tungsten Automation Development A/S
Financial yearPeriodPublishedFigures forDocuments
202501/01/2025 – 31/12/202525/06/2026The companyPDF not statedXBRL
202401/01/2024 – 31/12/202425/06/2025The companyPDFXBRL
202301/01/2023 – 31/12/202328/06/2024The companyPDFXBRL
202201/01/2022 – 31/12/202221/07/2023The companyPDFXBRL
202101/01/2021 – 31/12/202130/06/2022The companyPDFXBRL
202001/01/2020 – 31/12/202026/06/2021The 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
024681012141609/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/2608/26
Employees

Position in the industry

499 companies in the database

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

Gross profitDKK 12.2mNo. 120 of 494
Better than 76% of the companies in the industry
EquityDKK 66.8mNo. 18 of 499
Better than 97% of the companies in the industry
Number of employees9No. 151 of 499
Better than 70% 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. 3,408of 69,742
Better than 95%
No. 2,479of 69,964
Better than 96%
Same industry and fewer than 20 employees406 companies in the comparison
No. 44of 404
Better than 89%
No. 2of 406
Better than 100%
Companies that are between 15 and 29 years old24,910 companies in the comparison
No. 5,122of 24,791
Better than 79%
No. 1,863of 24,909
Better than 93%
All companies of type A/S18,025 companies in the comparison
No. 8,091of 17,786
Better than 55%
No. 2,974of 18,024
Better than 84%

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. Tungsten Automation Development A/SDKK 12.2m
  2. Milestone Systems A/SDKK 2bn
  3. Visma e-conomic A/SDKK 880.2m
Net profit
  1. Tungsten Automation Development A/SDKK 3.9m
  2. Milestone Systems A/SDKK 183.4m
  3. Visma e-conomic A/SDKK 456.2m
Equity
  1. Tungsten Automation Development A/SDKK 66.8m
  2. Milestone Systems A/SDKK 1.7bn
  3. Visma e-conomic A/SDKK 471.5m
Employees
  1. Tungsten Automation Development A/S9
  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
  • Tungsten Holdings Corporation US100%
Tungsten Automation Development A/S

Management

4 active registrations

Executive management

Executive management at Tungsten Automation Development A/S
NameRoleAppointed
Christian Jörg Franz HefnerDirector09/12/2013

Board of directors

Board of directors at Tungsten Automation Development A/S
NameRoleAppointed
Christian Jörg Franz HefnerBoard member09/12/2013
Peter LawrenceBoard member22/07/2025
Jeffrey Kyle StouderChair of the board15/10/2026
Founders
Asx 9667 ApS
Former management (34)
Former management at Tungsten Automation Development A/S
NameRoleAppointedResigned
Steen SchierbeckDirector01/01/199906/04/1999
Ebbe GroesDirector06/04/199926/02/2001
Stefan AndreasenBoard member09/04/199909/12/2013
Ebbe GroesBoard member09/04/199922/01/2004
Steen Louis ReinholdtBoard member26/10/199907/07/2000
Michael Samuel SherainBoard member26/10/199929/05/2002
Keiichiro TsukamotoBoard member07/07/200029/10/2001
Jesper UlsøDirector26/02/200118/02/2002
Toshihiro OguriBoard member29/10/200129/05/2002
Søren Jakob Anker-LadefogedDeputy chair18/02/200205/12/2007
Daniel Karl KollbergDirector18/02/200220/03/2003
David SchjeldeBoard member29/05/200203/04/2003
Yutaka AmanoBoard member29/05/200213/01/2005
Frank EwaldBoard member03/04/200316/09/2003
Michael HeibergChair of the board03/04/200307/07/2004
Lars Christian BruhnBoard member16/09/200306/09/2004
Jesper UlsøBoard member22/01/200401/07/2004
Jonas AlmstrupBoard member01/07/200421/01/2005
Thomas Weilby KnudsenChair of the board06/09/200405/12/2007
Peter AagaardBoard member06/09/200421/01/2005
David Jonathan CarrattBoard member13/01/200515/12/2005
Jonas AlmstrupCEO20/01/200603/01/2007
Stefan AndreasenDirector03/01/200709/12/2013
Knud Jesper JørgensenBoard member05/12/200728/08/2008
Morten BuggeBoard member05/12/200703/03/2009
Svend SkafteBoard member28/08/200809/12/2013
John YapaolaChair of the board03/03/200909/12/2013
Anne-Sofie NielsenBoard member01/11/201109/12/2013
James Robert ArnoldBoard member09/12/201322/10/2015
William Bradford WellerChair of the board09/12/201323/10/2015
James Robert ArnoldChair of the board23/10/201522/03/2016
Robert James PattonBoard member23/10/201523/08/2017
Martin Gustav OberholzerChair of the board22/03/201615/10/2026
Cort Steven TownsendBoard member23/08/201722/07/2025

Signing rule: Selskabet tegnes af et bestyrelsesmedlem.

Address and production units

1 active production units

Lyskær 3C
2730 Herlev

Herlev Municipality · Postcode 2730

Other companies at the address (2)

Production units
Production unitAddressEmployeesP number
Tungsten Automation Development A/SLyskær 3C, 4, 2730 Herlev91005041749

Purpose

Selskabets formål er at drive handel og service samt udvikling og salg af software samt hermed beslægtet virksomhed.

The purpose is quoted from the register in Danish.

Changes year by year

108 registered events
20264 changesmanagement 2 · accounts 1 · address 1
  • Jeffrey Kyle Stouder appointed chair of the board
  • Martin Gustav Oberholzer stepped down as chair of the board
  • Annual report for 2025 published
  • Moved to Lyskær 3C, 4, 2730 Herlev
20253 changesmanagement 2 · accounts 1
  • Peter Lawrence appointed board member
  • Cort Steven Townsend stepped down as board member
  • Annual report for 2024 published
20243 changesaccounts 1 · address 1 · name 1
  • Annual report for 2023 published
  • Moved to Lyskær 5, 3, 2730 Herlev
  • Name changed from Kofax Development A/S to Tungsten Automation Development A/S
20231 changeaccounts 1
  • Annual report for 2022 published
20222 changesaddress 1 · accounts 1
  • Moved to Lyskær 5, 3, 2730 Herlev
  • Annual report for 2021 published
20211 changeaccounts 1
  • Annual report for 2020 published
20181 changename 1
  • Name changed from KAPOW TECHNOLOGIES A/S to Kofax Development A/S
20175 changesownership 2 · address 1 · management 2
  • Tungsten Holdings Corporation US registered as owner (100%)
  • Kapow Holdings Limited is no longer registered as owner
  • Moved to Lottenborgvej 26, 2800 Kgs. Lyngby
  • Cort Steven Townsend appointed board member
  • Robert James Patton stepped down as board member
20162 changesmanagement 2
  • Martin Gustav Oberholzer appointed chair of the board
  • James Robert Arnold stepped down as chair of the board
20154 changesmanagement 4
  • Robert James Patton appointed board member
  • James Robert Arnold appointed chair of the board
  • William Bradford Weller stepped down as chair of the board
  • James Robert Arnold stepped down as board member
20139 changesmanagement 9
  • William Bradford Weller appointed chair of the board
  • Christian Jörg Franz Hefner appointed director
  • Christian Jörg Franz Hefner appointed board member
  • James Robert Arnold appointed board member
  • Anne-Sofie Nielsen stepped down as board member
  • John Yapaola stepped down as chair of the board
  • Svend Skafte stepped down as board member
  • Stefan Andreasen stepped down as director
  • Stefan Andreasen stepped down as board member
20111 changemanagement 1
  • Anne-Sofie Nielsen appointed board member
20092 changesmanagement 2
  • John Yapaola appointed chair of the board
  • Morten Bugge stepped down as board member
20083 changesmanagement 2 · industry 1
  • Svend Skafte appointed board member
  • Knud Jesper Jørgensen stepped down as board member
  • Industry changed to Other software publishing (582900)
20077 changesmanagement 6 · address 1
  • Morten Bugge appointed board member
  • Knud Jesper Jørgensen appointed board member
  • Thomas Weilby Knudsen stepped down as chair of the board
  • Søren Jakob Anker-Ladefoged stepped down as deputy chair
  • Stefan Andreasen appointed director
  • Jonas Almstrup stepped down as ceo
  • Moved to Dr Neergaards Vej 5A, 2970 Hørsholm
20061 changemanagement 1
  • Jonas Almstrup appointed ceo
20057 changesmanagement 5 · ownership 1 · capital 1
  • David Jonathan Carratt stepped down as board member
  • Kapow Holdings Limited registered as owner (100%)
  • Share capital changed from 648,260 DKK to 657,923 DKK
  • Peter Aagaard stepped down as board member
  • Jonas Almstrup stepped down as board member
  • David Jonathan Carratt appointed board member
  • Yutaka Amano stepped down as board member
200414 changesname 1 · capital 5 · management 8
  • Name changed from KAPOW TECHNOLOGIES ApS to KAPOW TECHNOLOGIES A/S
  • Share capital changed from 324,130 DKK to 648,260 DKK
  • Share capital changed from 269,461 DKK to 324,130 DKK
  • Peter Aagaard appointed board member
  • Thomas Weilby Knudsen appointed chair of the board
  • Lars Christian Bruhn stepped down as board member
  • Share capital changed from 242,698 DKK to 269,461 DKK
  • Michael Heiberg stepped down as chair of the board
  • Share capital changed from 235,467 DKK to 242,698 DKK
  • Jonas Almstrup appointed board member
  • Jesper Ulsø stepped down as board member
  • Share capital changed from 227,435 DKK to 235,467 DKK
  • Jesper Ulsø appointed board member
  • Ebbe Groes stepped down as board member
20038 changesmanagement 6 · capital 1 · industry 1
  • Lars Christian Bruhn appointed board member
  • Frank Ewald stepped down as board member
  • Michael Heiberg appointed chair of the board
  • Frank Ewald appointed board member
  • David Schjelde stepped down as board member
  • Daniel Karl Kollberg stepped down as director
  • Share capital changed from 227,434 DKK to 227,435 DKK
  • Industry changed to Udvikling af standardsoftware (722100)
20028 changesmanagement 7 · capital 1
  • David Schjelde appointed board member
  • Yutaka Amano appointed board member
  • Toshihiro Oguri stepped down as board member
  • Michael Samuel Sherain stepped down as board member
  • Share capital changed from 227,184 DKK to 227,434 DKK
  • Søren Jakob Anker-Ladefoged appointed deputy chair
  • Daniel Karl Kollberg appointed director
  • Jesper Ulsø stepped down as director
20016 changesmanagement 4 · name 1 · capital 1
  • Toshihiro Oguri appointed board member
  • Keiichiro Tsukamoto stepped down as board member
  • Jesper Ulsø appointed director
  • Ebbe Groes stepped down as director
  • Name changed from KAPOW ApS to KAPOW TECHNOLOGIES ApS
  • Share capital changed from 223,309 DKK to 227,184 DKK
20003 changescapital 1 · management 2
  • Share capital changed from 201,288 DKK to 223,309 DKK
  • Keiichiro Tsukamoto appointed board member
  • Steen Louis Reinholdt stepped down as board member
199913 changesaddress 1 · capital 2 · management 7 · name 2 · founded 1
  • Moved to Dr Neergaards Vej 5A, 2970 Hørsholm
  • Share capital changed from 126,389 DKK to 201,288 DKK
  • Michael Samuel Sherain appointed board member
  • Steen Louis Reinholdt appointed board member
  • Name changed from KAPOW2 ApS to KAPOW ApS
  • Share capital changed from 125,000 DKK to 126,389 DKK
  • Ebbe Groes appointed board member
  • Stefan Andreasen appointed board member
  • Name changed from SCSK 2531 ApS to KAPOW2 ApS
  • Ebbe Groes appointed director
  • Steen Schierbeck stepped down as director
  • Registered as SCSK 2531 ApS
  • Steen Schierbeck appointed director

Related companies

Same industry in Herlev

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