VBE Estate ApS
Private limited companyCVR 34579571ViborgActive
VBE Estate ApS is a private limited company, based in Viborg, active in renting of commercial property, founded in 2012. Net profit rose 41% from 2024 to 2025, ending at DKK 2.5m. With 3 employees, the company is about 3 times larger than the industry median. Equity fell to DKK 38m in 2025.
Key figures · financial year 2025
What has changed
calculated from recorded figures and datesFinancials: 2025 against 2024
- Gross profit fell 3% (2024 → 2025), to DKK 10.2m.
- Net profit rose 41% (2024 → 2025), to DKK 2.5m.
- Equity fell 42% (2024 → 2025), to DKK 38m.
Employees
- 9 fewer employees than a year earlier: 3 (05/2026) against 12 (05/2025).
Management and owners, last 24 months
- New in management: Benny Tolstrup (director, 30/06/2026), Benny Tolstrup (board member, 30/06/2026) and Jon Jensen (board member, 30/06/2026) (+6).
- Stepped down: René Nielsen (director, 30/06/2026).
Registrations, last 24 months
- 30/06/2026: Share capital changed from 80,000 DKK to 7,080,000 DKK
- 30/06/2026: Name changed from KVN DIN BOLIG ApS to VBE Estate ApS
- 18/03/2026: Moved to Gl. Skivevej 76A, 8800 Viborg
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 thousandEquity and net profit
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change | |
|---|---|---|---|---|---|---|---|
| Revenue | not stated | not stated | not stated | not stated | not stated | not stated | – |
| Gross profit | 9,002 | 10,106 | 7,712 | 9,950 | 10,583 | 10,230 | −3.3% |
| Operating profit (EBIT) | 9,376 | 8,438 | −542 | 7,947 | 7,560 | 7,345 | −2.8% |
| Profit before tax | 6,922 | 6,065 | −3,414 | 2,980 | 2,339 | 3,160 | +35.1% |
| Net profit | 5,381 | 4,420 | −2,613 | 2,297 | 1,795 | 2,530 | +41% |
| Total assets | 249,636 | 252,473 | 263,492 | 265,214 | 265,946 | 228,170 | −14.2% |
| Equity | 55,631 | 60,051 | 61,227 | 63,524 | 65,318 | 38,029 | −41.8% |
| Liabilities | 172,084 | 169,527 | 178,012 | 176,755 | 175,145 | 172,662 | −1.4% |
| Cash and cash equivalents | 475 | 3,289 | 85 | 9 | 2 | 3 | +88.3% |
| Average number of employees | 6 | 7 | 6 | 6 | 8 | 7 | −12.5% |
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
Signals from the financial statements
calculated from the 2025 figuresEquity fell sharply
Equity fell 42% from 2024 to 2025 (DKK 65.3m to DKK 38m).
How is this calculated?
Equity has fallen by at least 30% from the previous annual report, and it was positive the year before.
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| Financial year | Period | Published | Figures for | Documents |
|---|---|---|---|---|
| 2025 | 01/01/2025 – 31/12/2025 | 29/06/2026 | The company | PDF not statedXBRL |
| 2024 | 01/01/2024 – 31/12/2024 | 11/06/2025 | The company | PDFXBRL |
| 2023 | 01/01/2023 – 31/12/2023 | 14/05/2024 | The company | PDFXBRL |
| 2022 | 01/01/2022 – 31/12/2022 | 11/05/2023 | The company | PDFXBRL |
| 2021 | 01/01/2021 – 31/12/2021 | 02/05/2022 | The company | PDFXBRL |
| 2020 | 01/01/2020 – 31/12/2020 | 28/04/2021 | 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
1,780 companies in the databaseComparison with the other companies in renting of commercial property based on the latest financial year.
Industry median: gross profit DKK 1.5m, net profit DKK 430k, equity DKK 13.7m, 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. 4,633of 69,742 Better than 93% | No. 3,785of 69,964 Better than 95% |
| Same industry and fewer than 20 employees1,723 companies in the comparison | No. 181of 1,711 Better than 89% | No. 484of 1,723 Better than 72% |
| Companies that are between 5 and 14 years old33,688 companies in the comparison | No. 4,262of 33,588 Better than 87% | No. 1,471of 33,687 Better than 96% |
| All companies of type ApS66,508 companies in the comparison | No. 5,918of 66,379 Better than 91% | No. 2,633of 66,505 Better than 96% |
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
Renting of commercial property- VBE Estate ApSDKK 10.2m
- Jeudan A/SDKK 1.3bn
- Euro Steel 1988 ApSDKK 719.3m
- VBE Estate ApSDKK 2.5m
- Jeudan A/SDKK 1bn
- Euro Steel 1988 ApSDKK 180.9m
- VBE Estate ApSDKK 38m
- Jeudan A/SDKK 13.1bn
- Euro Steel 1988 ApSDKK 1.8bn
- VBE Estate ApS3
- Jeudan A/S249
- Euro Steel 1988 ApS4
Latest financial year per company. Choose up to three companies from the largest in the industry.
Owners and group
from the Public Ownership Register- KVN Holding Viborg ApS100%
Management
9 active registrationsExecutive management
| Name | Role | Appointed |
|---|---|---|
| Benny Tolstrup | Director | 30/06/2026 |
| Palle Munk Kjeldgaard-Christiansen | Director | 30/06/2026 |
Board of directors
| Name | Role | Appointed |
|---|---|---|
| Benny Tolstrup | Board member | 30/06/2026 |
| Jon Jensen | Board member | 30/06/2026 |
| Johnny Vestergaard | Board member | 30/06/2026 |
| Niels Henrik Stæhr | Board member | 30/06/2026 |
| Mogens Nørlem | Board member | 30/06/2026 |
| Palle Munk Kjeldgaard-Christiansen | Board member | 30/06/2026 |
| Morten Lindholt | Chair of the board | 30/06/2026 |
- Founders
- Knud Valdemar Nielsen
Former management (1)
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| René Nielsen | Director | 15/05/2012 | 30/06/2026 |
Signing rule: Selskabet tegnes af 1 direktør og bestyrelsesformanden i forening eller af den samlede bestyrelse.
Address and production units
1 active production unitsGl. Skivevej 76A
8800 Viborg
Viborg Municipality · Postcode 8800
Other companies at the address (1)
- Kth Handel og Invest ApSRenting of commercial property
| Production unit | Address | Employees | P number |
|---|---|---|---|
| VBE Estate ApS | Gl. Skivevej 76A, 8800 Viborg | 3 | 1017684929 |
Purpose
Selskabets formål er handel, investering, særligt vedrørende fast ejendom, og hermed beslægtede aktiviteter.
The purpose is quoted from the register in Danish.
Changes year by year
28 registered events202614 changesname 1 · capital 1 · management 10 · accounts 1 · address 1
- NameName changed from KVN DIN BOLIG ApS to VBE Estate ApS
- CapitalShare capital changed from 80,000 DKK to 7,080,000 DKK
- ManagementMorten Lindholt appointed chair of the board
- ManagementBenny Tolstrup appointed director
- ManagementBenny Tolstrup appointed board member
- ManagementJon Jensen appointed board member
- ManagementJohnny Vestergaard appointed board member
- ManagementNiels Henrik Stæhr appointed board member
- ManagementMogens Nørlem appointed board member
- ManagementPalle Munk Kjeldgaard-Christiansen appointed director
- ManagementPalle Munk Kjeldgaard-Christiansen appointed board member
- ManagementRené Nielsen stepped down as director
- AccountsAnnual report for 2025 published
- AddressMoved to Gl. Skivevej 76A, 8800 Viborg
20251 changeaccounts 1
- AccountsAnnual report for 2024 published
20241 changeaccounts 1
- AccountsAnnual report for 2023 published
20231 changeaccounts 1
- AccountsAnnual report for 2022 published
20224 changesmerger 1 · ownership 2 · accounts 1
- MergerMerger registered in CVR
- OwnershipSCT. MOGENSPORT VIBORG A/S is no longer registered as owner
- AccountsAnnual report for 2021 published
- OwnershipKVN Holding Viborg ApS registered as owner (100%)
20211 changeaccounts 1
- AccountsAnnual report for 2020 published
20181 changeaddress 1
- AddressMoved to Fanøvej 5A, 8800 Viborg
20125 changesaddress 1 · industry 1 · ownership 1 · founded 1 · management 1
- AddressMoved to Fanøvej 5, 8800 Viborg
- IndustryIndustry changed to Renting of commercial property (682040)
- OwnershipSCT. MOGENSPORT VIBORG A/S registered as owner (100%)
- FoundedRegistered as KVN DIN BOLIG ApS
- ManagementRené Nielsen appointed director
Related companies
Same industry in Viborg
- Lihn & Boi Invest A/S44 employees
- Viborg Bolig- og Erhvervsudlejning ApS34 employees
- Axel Brøndum Boliger K/S15 employees
- Mercari Biler ApS13 employees
- Scanflavour A/S6 employees
- Åbo A/S5 employees
Same people in management
- Airmaster A/Svia Niels Henrik Stæhr
- HMK Bilcon A/Svia Jon Jensen
- Danish Crane Building A/Svia Jon Jensen
- Hvidbjerg Bank A/Svia Morten Lindholt
- Dangard A/Svia Morten Lindholt
- BM Autoteknik A/Svia Mogens Nørlem
Largest in the industry
- Jeudan A/SDKK 1.3bn
- Euro Steel 1988 ApSDKK 719.3m
- Munck Gruppen A/SDKK 647.2m
- Vilomix Holding A/SDKK 592.6m
- Wihlborgs A/SDKK 441.4m
- Commercial Real Estate Denmark P/SDKK 282.3m
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.