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Underflod ApS

Private limited companyCVR 42350729Odense CActive

Underflod ApS is a private limited company, based in Odense C, active in manufacture of furniture, founded in 2021. Equity was negative at the end of 2025 (−DKK 517k). The company made a loss in both 2024 and 2025, most recently DKK 542k. 7 people are registered in the company's management and ownership.

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Key figures · financial year 2025

Gross profitDKK 176k+397.5% vs. 2024
Net profit−DKK 542k−251% vs. 2024
Equity−DKK 517k−2,172.7% vs. 2024
Employees5latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Gross profit rose 398% (2024 → 2025), to DKK 176k.
  • The loss grew: from DKK 154k to DKK 542k (2024 → 2025).
  • Equity turned negative: −DKK 517k (2024 → 2025).

Employees

  • 1 fewer employees than a year earlier: 5 (07/2026) against 6 (07/2025).

Management and owners, last 24 months

  • New in management: Rune Schou (board member, 16/03/2026), Mikkel Præst (board member, 16/03/2026) and Michael Kvist (chair of the board, 16/03/2026).
  • New owners registered: Rune Schou Holding ApS (16/03/2026), Brian Nelleborg Heise (16/03/2026) and Kvist Holding A/S (16/03/2026) (+5).
  • No longer registered as owner: Brian Nelleborg Heise (15/03/2026), First House Invest ApS (15/03/2026) and Underflod Holding ApS (15/03/2026) (+3).

Registrations, last 24 months

  • 16/03/2026: Share capital changed from 61,539 DKK to 100,000 DKK
  • 05/03/2025: Moved to Brandts Passage 31E, 5000 Odense C
  • 01/01/2025: Industry changed to Manufacture of furniture (310000)

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 2021–2025 · amounts in DKK thousand

Equity and net profit

−DKK 600k−DKK 500k−DKK 400k−DKK 300k−DKK 200k−DKK 100kDKK 0DKK 100kDKK 200k20212022202320242025
EquityNet profit
Financial figures for Underflod ApS
20212022202320242025Change
Revenuenot statednot statednot statednot statednot stated–
Gross profit0−613235176+397.5%
Operating profit (EBIT)0−8110−186−669−259.9%
Profit before tax0−8110−195−690−253.8%
Net profit0−638−154−542−251%
Total assets0214223818788−3.6%
Equity017117925−517−2,172.7%
Liabilities043447931,305+64.6%
Cash and cash equivalents0698144116−96.5%
Average number of employees011330%

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 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 1mDKK 0DKK 1mDKK 2mDKK 3mDKK 4mDKK 5m20212022202320242025
Gross profitMedian, the industry (295 companies)

Signals from the financial statements

calculated from the 2025 figures

  • Negative equity

    Equity was −DKK 517k at the end of 2025.

    How is this calculated?

    Equity in the latest annual report is below zero.

  • Loss for 2 years in a row

    Net result has been negative in 2024–2025.

    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

5 financial years
Annual reports for Underflod ApS
Financial yearPeriodPublishedFigures forDocuments
202501/01/2025 – 31/12/202501/07/2026The companyPDF not statedXBRL
202401/01/2024 – 31/12/202425/06/2025The companyPDFXBRL
202301/01/2023 – 31/12/202327/06/2024The companyPDFXBRL
202201/01/2022 – 31/12/202207/07/2023The companyPDFXBRL
202128/04/2020 – 27/04/202106/07/2022The 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
024681012/2102/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/26
Employees

Position in the industry

295 companies in the database

Comparison with the other companies in manufacture of furniture based on the latest financial year.

Gross profitDKK 176kNo. 277 of 294
Better than 6% of the companies in the industry
Equity−DKK 517kNo. 273 of 295
Better than 7% of the companies in the industry
Number of employees5No. 199 of 295
Better than 33% of the companies in the industry

Industry median: gross profit DKK 3.5m, net profit DKK 196k, equity DKK 2.2m, 7 employees.

DKK 100kDKK 1mDKK 10.3mDKK 104.5mDKK 489.6mHere
Distribution of gross profit for 281 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. 59,828of 69,742
Better than 14%
No. 65,818of 69,964
Better than 6%
Same industry and fewer than 20 employees209 companies in the comparison
No. 192of 209
Better than 8%
No. 190of 209
Better than 9%
Companies that are between 5 and 14 years old33,679 companies in the comparison
No. 29,835of 33,579
Better than 11%
No. 31,146of 33,678
Better than 8%
All companies of type ApS66,508 companies in the comparison
No. 57,544of 66,379
Better than 13%
No. 62,273of 66,505
Better than 6%

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

Manufacture of furniture
Gross profit
  1. Underflod ApSDKK 176k
  2. Nobia Denmark A/SDKK 1.1bn
  3. Dan-foam ApSDKK 894.1m
Net profit
  1. Underflod ApS−DKK 542k
  2. Nobia Denmark A/SDKK 296.2m
  3. Dan-foam ApSDKK 623.6m
Equity
  1. Underflod ApS−DKK 517k
  2. Nobia Denmark A/SDKK 457.6m
  3. Dan-foam ApSDKK 1.3bn
Employees
  1. Underflod ApS5
  2. Nobia Denmark A/S1,161
  3. Dan-foam ApS435

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
  • Rune Schou Holding ApS15%
  • Brian Nelleborg Heise5%
  • Kvist Holding A/S33.33%
  • First House Invest ApS15%
  • Underflod Holding ApS25%
Underflod ApS

Management

5 active registrations

Executive management

Executive management at Underflod ApS
NameRoleAppointed
Mads Maegaard JørgensenDirector28/04/2021
Emil Kristian Maegaard JørgensenDirector28/04/2021

Board of directors

Board of directors at Underflod ApS
NameRoleAppointed
Rune SchouBoard member16/03/2026
Mikkel PræstBoard member16/03/2026
Michael KvistChair of the board16/03/2026
Founders
Mads Maegaard Jørgensen, Emil Kristian Maegaard Jørgensen

Signing rule: Selskabet tegnes af direktør og bestyrelsesformanden i forening

Address and production units

1 active production units

Brandts Passage 31E
5000 Odense C

Odense Municipality · Postcode 5000

Production units
Production unitAddressEmployeesP number
Underflod ApSBrandts Passage 31E, 5000 Odense C51027115035

Purpose

Selskabets formål er virksomhed med design, udvikling og produktion af møbler og boligindretningsartikler, samt aktiviteter i tilknytning hertil

The purpose is quoted from the register in Danish.

Changes year by year

38 registered events
202619 changesaccounts 1 · ownership 14 · capital 1 · management 3
  • Annual report for 2025 published
  • Emil Kristian Maegaard Jørgensen is no longer registered as owner
  • Mikkel Præst is no longer registered as owner
  • Mads Maegaard Jørgensen is no longer registered as owner
  • Share capital changed from 61,539 DKK to 100,000 DKK
  • Rune Schou appointed board member
  • Mikkel Præst appointed board member
  • Michael Kvist appointed chair of the board
  • Underflod Holding ApS registered as owner (25%)
  • Emil Kristian Maegaard Jørgensen registered as owner (10%)
  • RUNE SCHOU HOLDING ApS registered as owner (15%)
  • Brian Nelleborg Heise registered as owner (5%)
  • KVIST HOLDING A/S registered as owner (33.33%)
  • First House Invest ApS registered as owner (15%)
  • Mikkel Præst registered as owner (15%)
  • Mads Maegaard Jørgensen registered as owner (10%)
  • Brian Nelleborg Heise is no longer registered as owner
  • First House Invest ApS is no longer registered as owner
  • Underflod Holding ApS is no longer registered as owner
20253 changesaccounts 1 · address 1 · industry 1
  • Annual report for 2024 published
  • Moved to Brandts Passage 31E, 5000 Odense C
  • Industry changed to Manufacture of furniture (310000)
20242 changesaccounts 1 · address 1
  • Annual report for 2023 published
  • Moved to Brandts Passage 34, 5000 Odense C
20232 changesaccounts 1 · address 1
  • Annual report for 2022 published
  • Moved to Havnegade 100, 5000 Odense C
20221 changeaccounts 1
  • Annual report for 2021 published
202111 changescapital 1 · ownership 7 · founded 1 · management 2
  • Share capital changed from 40,000 DKK to 61,539 DKK
  • Brian Nelleborg Heise registered as owner (10%)
  • First House Invest ApS registered as owner (25%)
  • Underflod Holding ApS registered as owner (50%)
  • Emil Kristian Maegaard Jørgensen is no longer registered as owner
  • Mads Maegaard Jørgensen is no longer registered as owner
  • Registered as Underflod ApS
  • Mads Maegaard Jørgensen appointed director
  • Emil Kristian Maegaard Jørgensen appointed director
  • Emil Kristian Maegaard Jørgensen registered as owner (50%)
  • Mads Maegaard Jørgensen registered as owner (50%)

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.

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