Underground Ventures ApS
Private limited companyCVR 44510731GentofteActive
Underground Ventures ApS is a private limited company, based in Gentofte, active in non-financial holding companies, founded in 2023. Equity was negative at the end of 2025 (−DKK 8.1m). The company made a loss in both 2024 and 2025, most recently DKK 5.1m. With 4 employees, the company is about 4 times larger than the industry median.
Key figures · financial year 2025
What has changed
calculated from recorded figures and datesFinancials: 2025 against 2024
- The loss grew: from DKK 3.1m to DKK 5.1m (2024 → 2025).
Employees
- 1 more employees than a year earlier: 4 (07/2026) against 3 (07/2025).
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 2024–2025 · amounts in DKK thousandEquity and net profit
| 2024 | 2025 | Change | |
|---|---|---|---|
| Revenue | not stated | not stated | – |
| Gross profit | −443 | −726 | −63.9% |
| Operating profit (EBIT) | −1,767 | −3,530 | −99.7% |
| Profit before tax | −3,106 | −6,478 | −108.5% |
| Net profit | −3,106 | −5,055 | −62.7% |
| Total assets | 37,754 | 65,479 | +73.4% |
| Equity | −3,066 | −8,121 | −164.8% |
| Liabilities | 40,821 | 73,600 | +80.3% |
| Cash and cash equivalents | 394 | 1,393 | +253.1% |
| Average number of employees | 1 | 2 | +100% |
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 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
Signals from the financial statements
calculated from the 2025 figuresNegative equity
Equity was −DKK 8.1m 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
2 financial years| Financial year | Period | Published | Figures for | Documents |
|---|---|---|---|---|
| 2025 | 01/01/2025 – 31/12/2025 | 30/06/2026 | The company | PDF not statedXBRL |
| 2024 | 19/12/2023 – 31/12/2024 | 25/06/2025 | The company | PDFXBRL |
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 CVRPosition in the industry
2,138 companies in the databaseComparison with the other companies in non-financial holding companies based on the latest financial year.
Industry median: gross profit −DKK 31,805, net profit DKK 701k, equity DKK 32.1m, 1 employees.
Compared with similar companies
size, age and company form| Group | Gross profit | Equity |
|---|---|---|
| Companies with fewer than 20 employees69,967 companies in the comparison | No. 68,477of 69,742 Better than 2% | No. 69,497of 69,964 Better than 1% |
| Same industry and fewer than 20 employees2,092 companies in the comparison | No. 1,859of 2,048 Better than 9% | No. 2,078of 2,092 Better than 1% |
| Companies that are founded within the last five years16,662 companies in the comparison | No. 16,216of 16,614 Better than 2% | No. 16,575of 16,661 Better than 1% |
| All companies of type ApS66,508 companies in the comparison | No. 65,401of 66,379 Better than 1% | No. 66,042of 66,505 Better than 1% |
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- Underground Ventures ApS−DKK 726k
- Heartland A/SDKK 19.9bn
- Andel A.M.B.A.DKK 5.6bn
- Underground Ventures ApS−DKK 5.1m
- Heartland A/SDKK 4.9bn
- Andel A.M.B.A.−DKK 2.9bn
- Underground Ventures ApS−DKK 8.1m
- Heartland A/SDKK 39.2bn
- Andel A.M.B.A.DKK 29.5bn
- Underground Ventures ApS4
- Heartland A/S34
- 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- Worldweb ApS10%
- JA Technologies IV ApS90%
Management
2 active registrationsExecutive management
| Name | Role | Appointed |
|---|---|---|
| Per Lundahl | Director | 19/12/2023 |
| Torsten Kolind | Director | 19/12/2023 |
- Auditor
- Grant Thornton, Godkendt Revisionspartnerselskab
- Founders
- Worldweb ApS, JA Technologies IV ApS
Signing rule: Selskabet tegnes af én direktør eller af den samlede direktion i forening.
Address and production units
1 active production unitsSkolevej 2
2820 Gentofte
Gentofte Municipality · Postcode 2820
Other companies at the address (5)
- JA Circus ApSTheatre and concert productions
- JA Technologies IV ApSNon-financial holding companies
- Terra Navtica A/SEngineering consultancy in construction and civil engineering
- Lune ApSInvestment on own account
- 92 Capital ApSOther financial service activities n.e.c.
| Production unit | Address | Employees | P number |
|---|---|---|---|
| Underground Ventures ApS | Skolevej 2, 2820 Gentofte | 4 | 1029936540 |
Purpose
2.1 Selskabets formål er at foretage strategiske og finansielle investeringer samt udøve anden virksomhed inden for miljø- og energirelateret teknologi, bæredygtighed og miljøforhold i øvrigt. Investeringerne kan omfatte både direkte og indirekte investeringer og foretages med henblik på at opnå et attraktivt afkast på kort og lang sigt.
The purpose is quoted from the register in Danish.
Changes year by year
8 registered events20261 changeaccounts 1
- AccountsAnnual report for 2025 published
20251 changeaccounts 1
- AccountsAnnual report for 2024 published
20241 changename 1
- NameName changed from JA Geothermal Energy ApS to Underground Ventures ApS
20235 changesfounded 1 · management 2 · ownership 2
- FoundedRegistered as JA Geothermal Energy ApS
- ManagementPer Lundahl appointed director
- ManagementTorsten Kolind appointed director
- OwnershipWORLDWEB ApS registered as owner (10%)
- OwnershipJA Technologies IV ApS registered as owner (90%)
Related companies
Same industry in Gentofte
- Havemanns ApS12 employees
- Pensions Management A/S11 employees
- Ultranav International ApS9 employees
- E.N Consulting ApS9 employees
- B2 Holding A/S9 employees
- Dan Technologies A/S9 employees
Same people in management
- JA Circus ApSvia Per Lundahl
- JA Technologies IV ApSvia Per Lundahl
- Terra Navtica A/Svia Per Lundahl
- Oasicare Holding ApSvia Torsten Kolind
- Lune ApSvia Per Lundahl
Largest in the industry
- Heartland A/SDKK 19.9bn
- Andel A.M.B.A.DKK 5.6bn
- Norlys a.m.b.a.DKK 5.3bn
- Lauritzen Fonden Holding ApSDKK 4.1bn
- Per Aarsleff Holding A/SDKK 2.8bn
- C.W. Obel Holding P/SDKK 2.2bn
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.