Zebra A/S

Public limited companyCVR 15690488København KActive

Zebra A/S is a public limited company, based in København K, active in other retail sale of new goods in specialised stores, founded in 1991. Equity was negative at the end of 2025 (−DKK 295.9m). The company went from a profit in 2024 to a loss of DKK 265.1m in 2025. Measured by gross profit, it ranks no. 1 of 372 companies in the industry in the database.

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Key figures · financial year 2025

RevenueDKK 5.3bn+2.1% vs. 2024
Net profit−DKK 265.1m−4,593.2% vs. 2024
Equity−DKK 295.9m+78.5% vs. 2024
Employees714latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Revenue rose 2% (2024 → 2025), to DKK 5.3bn.
  • Net profit went from a profit of DKK 5.9m to a loss of DKK 265.1m (2024 → 2025).

Employees

  • 252 fewer employees than a year earlier: 714 (08/2026) against 966 (08/2025).

Management and owners, last 24 months

  • New in management: Jens Aarup Mikkelsen (ceo, 19/02/2026), Stephen Curtis (board member, 10/06/2026) and Joseph Daniel Price (board member, 10/06/2026) (+7).
  • Stepped down: Christian Kofoed Hertz Jakobsen (director, 23/09/2026), Martin le Sage de Fontenay Jermiin (ceo, 19/02/2026) and Nikolaj Vejlsgaard (chair of the board, 24/02/2025) (+6).
  • New owners registered: Zebra Topco Limited (10/06/2026), Danske Bank A/S (21/02/2025) and Selskab X Holding ApS (21/02/2025) (+8).
  • No longer registered as owner: Selskab X Holding ApS (20/02/2025), FTC ManCo ApS (20/02/2025) and Danske Bank A/S (05/06/2025) (+9).

Registrations, last 24 months

  • 01/01/2025: Industry changed to Other retail sale of new goods in specialised stores (477800)

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 2019–2025 · amounts in DKK thousand

Equity and net profit

−DKK 1.6bn−DKK 1.4bn−DKK 1.2bn−DKK 1bn−DKK 800m−DKK 600m−DKK 400m−DKK 200mDKK 0DKK 200m2019202020212022202320242025
EquityNet profit
Financial figures for Zebra A/S
2019202020212022202320242025Change
Revenue5,226,3003,405,7003,812,5004,752,1004,967,3005,218,2005,329,900+2.1%
Gross profit––––3,132,500–3,212,800–
Operating profit (EBIT)–−776,500266,000259,500289,700218,900−70,300−132.1%
Profit before tax−25,600−1,151,700124,800108,10084,80059,300−198,400−434.6%
Net profit−223,600−1,542,300108,20064,80024,3005,900−265,100−4,593.2%
Total assets5,745,6003,998,5004,116,5004,286,3004,688,2004,772,2004,290,200−10.1%
Equity180,100−1,458,900−1,230,600−1,295,800−1,352,600−1,378,700−295,900+78.5%
Liabilities5,565,5005,457,4005,347,1005,582,1006,040,8006,150,9004,586,100−25.4%
Cash and cash equivalents379,500394,000634,200298,600569,400507,700351,500−30.8%
Average number of employees5,6784,1033,8657,0007,500555––

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.

Download the figures as CSV · free with an account, amounts in whole DKK

DKK 0DKK 500mDKK 1bnDKK 1.5bnDKK 2bnDKK 2.5bnDKK 3bn2019202020212022202320242025
Gross profitMedian, the industry (372 companies)

Signals from the financial statements

calculated from the 2025 figures
  • Negative equity

    Equity was −DKK 295.9m at the end of 2025.

    How is this calculated?

    Equity in the latest annual report is below zero.

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

7 financial years
Annual reports for Zebra A/S
Financial yearPeriodPublishedFigures forDocuments
202501/01/2025 – 31/12/202511/06/2026The companyPDF not statedXBRL
202401/01/2024 – 31/12/202406/06/2025The companyPDFXBRL
202301/01/2023 – 31/12/202329/04/2024The companyPDFXBRL
202201/01/2022 – 31/12/202228/04/2023The companyPDFXBRL
202101/01/2021 – 31/12/202103/06/2022The companyPDFXBRL
202001/01/2020 – 31/12/202014/06/2021The companyPDFXBRL
201901/01/2019 – 31/12/201915/07/2020The 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
02004006008001,0001,20009/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/2608/26
Employees

Position in the industry

372 companies in the database

Comparison with the other companies in other retail sale of new goods in specialised stores based on the latest financial year.

Gross profitDKK 3.2bnNo. 1 of 372
Better than 100% of the companies in the industry
Equity−DKK 295.9mNo. 372 of 372
Better than 0% of the companies in the industry
Number of employees714No. 1 of 372
Better than 100% of the companies in the industry

Industry median: gross profit DKK 1.2m, net profit DKK 65,694, equity DKK 662k, 2 employees.

DKK 100kDKK 1.3mDKK 17.9mDKK 240mDKK 1.4bnHere
Distribution of gross profit for 339 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 500–999 employees207 companies in the comparison
No. 5of 189
Better than 98%
No. 205of 207
Better than 1%
Companies that are at least 30 years old10,276 companies in the comparison
No. 25of 10,152
Better than 100%
No. 10,273of 10,275
Better than 0%
All companies of type A/S18,025 companies in the comparison
No. 39of 17,786
Better than 100%
No. 18,014of 18,024
Better than 0%

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 retail sale of new goods in specialised stores
Gross profit
  1. Zebra A/SDKK 3.2bn
  2. Hilmer Denmark ApSDKK 104.7m
  3. Bahne Sørensen A/SDKK 98.8m
Net profit
  1. Zebra A/S−DKK 265.1m
  2. Hilmer Denmark ApSDKK 2m
  3. Bahne Sørensen A/S−DKK 6.2m
Equity
  1. Zebra A/S−DKK 295.9m
  2. Hilmer Denmark ApSDKK 6.1m
  3. Bahne Sørensen A/SDKK 79.2m
Employees
  1. Zebra A/S714
  2. Hilmer Denmark ApS593
  3. Bahne Sørensen A/S420

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
  • Zebra Topco Limited100%
Zebra A/S

Management

6 active registrations

Executive management

Executive management at Zebra A/S
NameRoleAppointed
Jens Aarup MikkelsenCEO19/02/2026

Board of directors

Board of directors at Zebra A/S
NameRoleAppointed
Stephen CurtisBoard member10/06/2026
Joseph Daniel PriceBoard member10/06/2026
Euan Alexander PhillipsBoard member10/06/2026
Jens Aarup MikkelsenBoard member17/07/2026
Nicholas James ReadChair of the board17/07/2026
Founders
VX 20.181 ApS
Former management (42)
Former management at Zebra A/S
NameRoleAppointedResigned
Grzegorz BeglaubterDirector01/11/199127/06/1996
Per Emil Hasselbalch StakemannDirector01/11/199122/10/1992
Suzanne Bloch LajboschitzBoard member29/05/199829/06/1999
Søren Nis ThøgersenDirector29/11/200531/08/2006
Dorte Vibeke Jensen TherkildsenLiquidator12/12/201116/12/2011
Lennart Bent LajboschitzBoard member13/12/201110/02/2021
Josef LajboschitzBoard member13/12/201103/01/2013
Tahir HussainDirector06/03/201226/11/2015
Jacob BierBoard member03/01/201314/09/2015
Ole AndersenChair of the board03/01/201315/09/2015
Simon Max Bloch LajboschitzDeputy board member03/01/201310/02/2021
Gert Keld JensenChief financial officer03/01/201301/11/2013
Rolf EriksenBoard member30/01/201311/01/2019
Mads Munkholt DitlevsenDeputy board member06/03/201318/05/2015
Morten HummelmoseBoard member06/03/201304/12/2018
Manel Adell DomingoBoard member06/03/201321/03/2019
Lennart Bent LajboschitzDirector15/06/201330/09/2014
Christian MariagerCEO15/06/201319/01/2015
Michael Hauge SørensenBoard member01/11/201321/03/2019
Henrik SkovChief financial officer01/11/201315/05/2017
Xavier Jacques Antoine VidalCEO19/01/201501/01/2017
Nicholas Povl Zilstorff HoogeDeputy board member18/05/201511/01/2019
Jacob BierDeputy chair15/09/201510/02/2021
Vagn Ove SørensenChair of the board15/09/201510/02/2021
Michael Hauge SørensenCEO02/01/201731/07/2017
Carsten FensholtDirector15/05/201731/01/2019
Mette MaixCEO01/08/201723/04/2019
Margaret McDonaldBoard member01/03/201817/06/2019
Mads Munkholt DitlevsenBoard member04/12/201810/02/2021
Matthias Martin WittkowskiBoard member11/01/201917/06/2019
Martin le Sage de Fontenay JermiinDirector31/01/201922/04/2019
Christian Kofoed Hertz JakobsenDirector15/03/201923/09/2026
Tore ThorstensenBoard member21/03/201910/02/2021
Martin le Sage de Fontenay JermiinCEO23/04/201919/02/2026
Anders MisundBoard member12/09/201910/02/2021
Nikolaj VejlsgaardChair of the board10/02/202124/02/2025
Lars ThomassenBoard member10/02/202124/02/2025
Casper Lykke PedersenBoard member10/02/202124/02/2025
Martin le Sage de Fontenay JermiinBoard member24/02/202510/06/2026
John Staunsbjerg DueholmChair of the board24/02/202510/06/2026
Ivan RasmussenBoard member24/02/202510/06/2026
Christian Kofoed Hertz JakobsenBoard member17/07/202623/09/2026

Signing rule: Selskabet tegnes af (i) bestyrelsens formand i forening med en direktør eller et andet bestyrelsesmedlem, (ii) den administrerende direktør i forening med en direktør, (iii) en direktør i forening med to bestyrelsesmedlemmer, eller (iv) tre bestyrelsesmedlemmer i forening.

Address and production units

35 active production units
Production units
Production unitAddressEmployeesP number
Zebra A/SStrandgade 71-73, 1401 København K2861015566163
Zebra A/SVentrupparken 3, 2670 Greve481025709132
Flying Tiger CopenhagenRødovre Centrum 1M, st. 34, 2610 Rødovre201014490856
Flying Tiger CopenhagenFrederiksberggade 11B, 1459 København K191023936611
Flying Tiger CopenhagenFrederiksborggade 1, 1360 København K181008589883
Flying Tiger CopenhagenRyesgade 18-20, 8000 Aarhus C161016958146
Flying Tiger CopenhagenArne Jacobsens Allé 12, 2300 København S151019740214
Flying Tiger CopenhagenKalvebod Brygge 59, 1560 København V151031458923
Flying Tiger CopenhagenAhlgade 27, 4300 Holbæk151018709496
Flying Tiger CopenhagenOver Bølgen 9, st. 2, 2670 Greve141020194630
Flying Tiger CopenhagenTelefontorvet 9, 8000 Aarhus C131004679834
Flying Tiger CopenhagenSlotsarkaderne 9, 1, 3400 Hillerød131013760388
Flying Tiger CopenhagenFinlandsgade 17, st. 270, 8200 Aarhus N131017118206
Flying Tiger CopenhagenSøndergade 24, 7100 Vejle131004679809
Flying Tiger CopenhagenSkovvangen 42, 6000 Kolding121007782094

Showing 15 of 35 units (sorted by employees).

Purpose

Selskabets formål er handel, investering og anden hermed beslægtet virksomhed.

The purpose is quoted from the register in Danish.

Changes year by year

164 registered events
202618 changesmanagement 13 · accounts 1 · ownership 4
  • Christian Kofoed Hertz Jakobsen stepped down as board member
  • Christian Kofoed Hertz Jakobsen stepped down as director
  • Christian Kofoed Hertz Jakobsen appointed board member
  • Nicholas James Read appointed chair of the board
  • Jens Aarup Mikkelsen appointed board member
  • Annual report for 2025 published
  • Euan Alexander Phillips appointed board member
  • Joseph Daniel Price appointed board member
  • Stephen Curtis appointed board member
  • John Staunsbjerg Dueholm stepped down as chair of the board
  • Ivan Rasmussen stepped down as board member
  • Martin le Sage de Fontenay Jermiin stepped down as board member
  • Zebra Topco Limited registered as owner (100%)
  • MANI Holding Invest ApS is no longer registered as owner
  • MIR Tiger ApS is no longer registered as owner
  • Holdingselskabet af 28.05.2025 ApS is no longer registered as owner
  • Jens Aarup Mikkelsen appointed ceo
  • Martin le Sage de Fontenay Jermiin stepped down as ceo
202527 changesownership 19 · accounts 1 · management 6 · industry 1
  • MANI Holding Invest ApS registered as owner (5%)
  • MIR Tiger ApS registered as owner (10%)
  • Martin le Sage de Fontenay Jermiin registered as owner (10%)
  • Martin le Sage de Fontenay Jermiin is no longer registered as owner
  • Holdingselskabet af 28.05.2025 ApS registered as owner (66.67%)
  • Christian Kofoed Hertz Jakobsen registered as owner (5%)
  • Christian Kofoed Hertz Jakobsen is no longer registered as owner
  • Holdingselskabet af 28.05.2025 ApS is no longer registered as owner
  • Annual report for 2024 published
  • Holdingselskabet af 28.05.2025 ApS registered as owner (100%)
  • Selskab X Holding ApS is no longer registered as owner
  • DANSKE BANK A/S is no longer registered as owner
  • FTC ManCo ApS is no longer registered as owner
  • Nordea Bank Abp is no longer registered as owner
  • John Staunsbjerg Dueholm appointed chair of the board
  • Ivan Rasmussen appointed board member
  • Martin le Sage de Fontenay Jermiin appointed board member
  • Lars Thomassen stepped down as board member
  • Casper Lykke Pedersen stepped down as board member
  • Nikolaj Vejlsgaard stepped down as chair of the board
  • Selskab X Holding ApS registered as owner (90%)
  • DANSKE BANK A/S registered as owner (0%)
  • FTC ManCo ApS registered as owner (5%)
  • Nordea Bank Abp registered as owner (0%)
  • FTC ManCo ApS is no longer registered as owner
  • Selskab X Holding ApS is no longer registered as owner
  • Industry changed to Other retail sale of new goods in specialised stores (477800)
20241 changeaccounts 1
  • Annual report for 2023 published
20231 changeaccounts 1
  • Annual report for 2022 published
20221 changeaccounts 1
  • Annual report for 2021 published
202120 changesaddress 1 · accounts 1 · ownership 7 · capital 1 · management 10
  • Moved to Strandgade 71-73, 1401 København K
  • Annual report for 2020 published
  • FTC ManCo ApS registered as owner (5%)
  • Selskab X Holding ApS registered as owner (90%)
  • Selskab X Holding ApS is no longer registered as owner
  • Share capital changed from 572,940,628 DKK to 17,000,000 DKK
  • Lars Thomassen appointed board member
  • Casper Lykke Pedersen appointed board member
  • Nikolaj Vejlsgaard appointed chair of the board
  • Anders Misund stepped down as board member
  • Tore Thorstensen stepped down as board member
  • Mads Munkholt Ditlevsen stepped down as board member
  • Vagn Ove Sørensen stepped down as chair of the board
  • Jacob Bier stepped down as deputy chair
  • Simon Max Bloch Lajboschitz stepped down as deputy board member
  • Lennart Bent Lajboschitz stepped down as board member
  • Zebra Lux Holding S.á.r.l. registered as owner (100%)
  • Zebra Lux Holding S.á.r.l. is no longer registered as owner
  • Selskab X Holding ApS registered as owner (100%)
  • Zebra Lux Holding S.á.r.l. is no longer registered as owner
20202 changesaccounts 1 · capital 1
  • Annual report for 2019 published
  • Share capital changed from 455,480,043 DKK to 572,940,628 DKK
201923 changescapital 3 · management 15 · ownership 5
  • Share capital changed from 453,958,883 DKK to 455,480,043 DKK
  • Anders Misund appointed board member
  • Share capital changed from 340,180,828 DKK to 453,958,883 DKK
  • Zebra Lux Holding S.á.r.l. registered as owner (90%)
  • Zebra Lux Holding S.á.r.l. is no longer registered as owner
  • Matthias Martin Wittkowski stepped down as board member
  • Margaret McDonald stepped down as board member
  • Martin le Sage de Fontenay Jermiin appointed ceo
  • Mette Maix stepped down as ceo
  • Martin le Sage de Fontenay Jermiin stepped down as director
  • Share capital changed from 522,259 DKK to 340,180,828 DKK
  • Zebra Lux Holding S.á.r.l. registered as owner (90%)
  • MITCO ApS is no longer registered as owner
  • Zebra Lux Holding S.á.r.l. is no longer registered as owner
  • Tore Thorstensen appointed board member
  • Michael Hauge Sørensen stepped down as board member
  • Manel Adell Domingo stepped down as board member
  • Christian Kofoed Hertz Jakobsen appointed director
  • Martin le Sage de Fontenay Jermiin appointed director
  • Carsten Fensholt stepped down as director
  • Matthias Martin Wittkowski appointed board member
  • Nicholas Povl Zilstorff Hooge stepped down as deputy board member
  • Rolf Eriksen stepped down as board member
20185 changesmanagement 3 · capital 2
  • Mads Munkholt Ditlevsen appointed board member
  • Morten Hummelmose stepped down as board member
  • Share capital changed from 522,210 DKK to 522,259 DKK
  • Share capital changed from 521,989 DKK to 522,210 DKK
  • Margaret McDonald appointed board member
20177 changescapital 1 · management 6
  • Share capital changed from 517,353 DKK to 521,989 DKK
  • Mette Maix appointed ceo
  • Michael Hauge Sørensen stepped down as ceo
  • Carsten Fensholt appointed director
  • Henrik Skov stepped down as chief financial officer
  • Michael Hauge Sørensen appointed ceo
  • Xavier Jacques Antoine Vidal stepped down as ceo
20163 changesmerger 1 · capital 1 · address 1
  • Merger registered in CVR
  • Share capital changed from 517,249 DKK to 517,353 DKK
  • Moved to Strandgade 71-73, 1401 København K
201510 changesmanagement 9 · capital 1
  • Tahir Hussain stepped down as director
  • Share capital changed from 516,875 DKK to 517,249 DKK
  • Vagn Ove Sørensen appointed chair of the board
  • Jacob Bier appointed deputy chair
  • Ole Andersen stepped down as chair of the board
  • Jacob Bier stepped down as board member
  • Nicholas Povl Zilstorff Hooge appointed deputy board member
  • Mads Munkholt Ditlevsen stepped down as deputy board member
  • Xavier Jacques Antoine Vidal appointed ceo
  • Christian Mariager stepped down as ceo
20143 changescapital 1 · management 1 · ownership 1
  • Share capital changed from 515,107 DKK to 516,875 DKK
  • Lennart Bent Lajboschitz stepped down as director
  • Zebra Lux Holding S.á.r.l. registered as owner (66.67%)
201317 changescapital 3 · management 14
  • Share capital changed from 514,481 DKK to 515,107 DKK
  • Michael Hauge Sørensen appointed board member
  • Henrik Skov appointed chief financial officer
  • Gert Keld Jensen stepped down as chief financial officer
  • Share capital changed from 513,369 DKK to 514,481 DKK
  • Share capital changed from 505,000 DKK to 513,369 DKK
  • Christian Mariager appointed ceo
  • Lennart Bent Lajboschitz appointed director
  • Mads Munkholt Ditlevsen appointed deputy board member
  • Manel Adell Domingo appointed board member
  • Morten Hummelmose appointed board member
  • Rolf Eriksen appointed board member
  • Jacob Bier appointed board member
  • Gert Keld Jensen appointed chief financial officer
  • Simon Max Bloch Lajboschitz appointed deputy board member
  • Ole Andersen appointed chair of the board
  • Josef Lajboschitz stepped down as board member
20123 changesownership 1 · management 1 · merger 1
  • MITCO ApS registered as owner (25%)
  • Tahir Hussain appointed director
  • Merger registered in CVR
20115 changesstatus 2 · management 2 · capital 1
  • Status changed to active
  • Josef Lajboschitz appointed board member
  • Lennart Bent Lajboschitz appointed board member
  • Status changed to in voluntary liquidation
  • Share capital changed from 550,000 DKK to 505,000 DKK
20081 changeindustry 1
  • Industry changed to Forhandlere af gaveartikler og brugskunst (477830)
20071 changemerger 1
  • Merger registered in CVR
20061 changemanagement 1
  • Søren Nis Thøgersen stepped down as director
20051 changemanagement 1
  • Søren Nis Thøgersen appointed director
20031 changeindustry 1
  • Industry changed to Forhandlere af gaveartikler og brugskunst (gaveboder) (524830)
20022 changesaddress 1 · capital 1
  • Moved to Rådhuspladsen 59, 3, 1550 København V
  • Share capital changed from 500,000 DKK to 550,000 DKK
19991 changemanagement 1
  • Suzanne Bloch Lajboschitz stepped down as board member
19982 changescapital 1 · management 1
  • Share capital changed from 200,000 DKK to 500,000 DKK
  • Suzanne Bloch Lajboschitz appointed board member
19963 changescapital 1 · management 1 · name 1
  • Share capital changed from 80,000 DKK to 200,000 DKK
  • Grzegorz Beglaubter stepped down as director
  • Name changed from G.B. & L.L. ApS to ZEBRA A/S
19922 changesmanagement 1 · name 1
  • Per Emil Hasselbalch Stakemann stepped down as director
  • Name changed from ApS KBUS 38 NR. 2055 to G.B. & L.L. ApS
19913 changesfounded 1 · management 2
  • Registered as ApS KBUS 38 NR. 2055
  • Per Emil Hasselbalch Stakemann appointed director
  • Grzegorz Beglaubter appointed director

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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 23/10/2026.

View in CVRReport a correction