FS INVESTMENT ApS (CVR 21397989) Company Profile

Ownership

Majbritt Skovsager Holding ApS
CVR 3814435966.7% to under 90% of capital, 90% to under 100% of votesclass Asince 1 Nov 2016
Michella Chanel Bøg Skovsager Holding ApS
CVR 3814434010% to under 15% of capitalclass A og Bsince 1 Nov 2016
Malina Bøgh Skovsager Holding ApS
CVR 3814433210% to under 15% of capitalclass A og Bsince 1 Nov 2016

Holders of 5% or more, from the owner register. CVR records shares in bands, not exact figures.

Former owners (3)

Majbritt Skovsager Nielsen
66.7% to under 90% of capital and votes9 Mar 2015 to 31 Oct 2016
Michella Chanel Bøgh Skovsager
5% to under 10% of capital and votes27 Dec 2011 to 31 Oct 2016
Malina Bøgh Skovsager
5% to under 10% of capital and votes27 Dec 2011 to 31 Oct 2016

Control Chain

Ultimate controller
Majbritt Skovsager Nielsen
Holds 100% of capital and votes in Majbritt Skovsager Holding ApS, since 1 Nov 2016
Capital100%
Votes100%
Holding company
Majbritt Skovsager Holding ApS
CVR 38144359Private limited company (ApS)
Holds 66.7% to under 90% of capital and 90% to under 100% of votes in FS INVESTMENT ApS, since 1 Nov 2016
Capital66.7% to under 90%
Votes90% to under 100%
This company
FS INVESTMENT ApS
CVR 21397989

Each holds the one below it. Control follows votes: an owner with 50% or more controls. Each bar shows the registered band, solid to its lower bound and faint across the range CVR records, with a mark at 50%. Dandex estimate, computed 4 Nov 2026.

Owned Companies

2 Danish companies, which own 4 more one level down.

NMF Group ApS
Subsidiary or joint ventureCVR 4419978550% to under 66.7% of capital and votes
- NMF Group Holding ApS
  CVR 3811514633.3% to under 50% of capital and votes
NMF Group Holding ApS
Subsidiary or joint ventureCVR 3811514650% to under 66.7% of capital and votes
- FS INVESTMENT HOLDING A/S - KINA
  SubsidiaryCVR 32780199100% of capital and votes
- NMF Industries A/S
  SubsidiaryCVR 41089814100% of capital and votes
- NÆSBY MASKINFABRIK HOLDING A/S - KINA
  SubsidiaryCVR 32780202100% of capital and votes

Found by searching the CVR owner register (ejerregister) for FS INVESTMENT ApS as owner: Danish companies it holds 5% or more of, and their holdings one level down. Foreign holdings are not in CVR.

Former holdings (5)

Selskabet af 1. november 2020, Odense A/S
CVR 35417133100% of capital and votes30 Dec 2014 to 7 Nov 2025
NORDFYNS EJENDOMSSELSKAB A/S
CVR 2569444933.3% to under 50% of capital and votes12 Dec 2017 to 1 Aug 2025
NORDFYNS EJENDOMSSELSKAB A/S
CVR 2979004320% to under 25% of capital and votes13 Dec 2013 to 12 Dec 2017
FS INVESTMENT HOLDING A/S - KINA
CVR 32780199100% of capital and votes8 Mar 2010 to 1 Dec 2016
NMF Industries A/S
CVR 41089814100% of capital and votes17 Dec 2010 to 1 Dec 2016

People

Current (2)

Majbritt Skovsager NielsenExecutive board since 1 Jan 2019, Board of directors since 29 Dec 1998
Flemming Torben Heden KnudsenBoard of directors since 4 Apr 2019

Founders (1)

Frank Skovsager NielsenFounded 29 Dec 1998

CVR records founders at incorporation. It does not record whether they are alive or still involved.

Former (6)

Frank Skovsager NielsenExecutive board 29 Dec 1998 to 27 Feb 2017, Board of directors 21 Apr 2006 to 16 Mar 2020
Bjarne PoulsenExecutive board 27 Feb 2017 to 16 Mar 2020
Ole MaareBoard of directors 21 Jan 2008 to 4 Apr 2019
Kaare Vagner JensenBoard of directors 29 Dec 1998 to 21 Jan 2008
Knud Erik NordbyBoard of directors 29 Dec 1998 to 2 Apr 2003
Svend Aage Koch-ChristensenBoard of directors 2 Apr 2003 to 21 Apr 2006

Network

Roles Over Time

Majbritt Skovsager Nielsen: Board of directors, 29 Dec 1998 to today; Executive board, 1 Jan 2019 to today.
Flemming Torben Heden Knudsen: Board of directors, 4 Apr 2019 to today.

29 Dec 1998 to 4 Nov 2026.

Former (6)

Frank Skovsager Nielsen: Executive board, 29 Dec 1998 to 27 Feb 2017; Board of directors, 21 Apr 2006 to 16 Mar 2020.
Bjarne Poulsen: Executive board, 27 Feb 2017 to 16 Mar 2020.
Ole Maare: Board of directors, 21 Jan 2008 to 4 Apr 2019.
Kaare Vagner Jensen: Board of directors, 29 Dec 1998 to 21 Jan 2008.
Svend Aage Koch-Christensen: Board of directors, 2 Apr 2003 to 21 Apr 2006.
Knud Erik Nordby: Board of directors, 29 Dec 1998 to 2 Apr 2003.

29 Dec 1998 to 4 Nov 2026.

Executive board (Direktion)Board of directors (Bestyrelse)Each bar is one role, from its start to its end or today. Bars in a group share one scale. Source: CVR.

Network

Headcount

CVR holds no employment figures for this company.

Financials

Annual report figures by year, DKK thousands
Metric	2021	2022	2023	2024	2025
Gross profit	Not reported	Not reported	1,467	1,504	1,555
Operating profit	-5,879	-5,169	+1,111	+1,267	-203
Result for the year	+5,335	+6,292	+51,199	+21,578	+17,356
Equity	68,723	82,148	132,448	151,755	161,250
Total assets	88,996	117,350	172,129	178,508	192,364
Employees (average)	1	1	1	1	0
Credit metrics (Dandex calculations)
Gross profit growth (vækst i bruttofortjeneste)	Not reported^{note 1}	Not reported^{note 1}	n.m.^{note 2}	2.5%	3.4%
EBITDA	Not reported^{note 3}	Not reported^{note 3}	1,670^{note 4}	1,829^{note 4}	360^{note 4}
EBITDA / gross profit (EBITDA i procent af bruttofortjenesten)	Not reported^{note 1}	Not reported^{note 1}	113.8%^{note 4}	121.6%^{note 4}	23.1%^{note 4}
Employee growth (vækst i antal ansatte)	0%	0%	0%	0%	n.m.^{note 2}
Net interest-bearing debt (NIBD, nettorentebærende gæld)	-68,552^{note 5}	Not reported^{note 6}	-85,223	-80,001	-67,185
Gearing, NIBD / EBITDA	Not reported^{note 3}	Not reported^{note 6}	Net cash^{note 4}	Net cash^{note 4}	Net cash^{note 4}
ROIC (afkast af investeret kapital)	-72.3%^{note 5}	Not reported^{note 6}	3.3%	1.7%^{note 7}	-0.2%^{note 7}
Capex (investeringer i anlægsaktiver)	Not reported^{note 8}	20,200^{note 9}	123^{note 9}	0^{note 10}	0^{note 10}
NIBD incl. group and owner balances (NIBD inkl. koncern- og ejermellemværender)	-82,858^{note 5}	Not reported^{note 6}	-95,466	-84,635	-75,281

DKK thousands. Annual reports via XBRL. Employees are the annual report's average and may cover a group.

Credit metrics are Dandex calculations from the filed figures, not filed values; estimates are in grey with a note. Ratios are percentages and gearing a multiple. Definitions. Revenue-based rows are empty: the company reports gross profit only (bruttofortjeneste), which class B filers may. No cash flow statement filed (class A and B are exempt).

1 no gross profit filed
2 n.m.: the year before is not positive
3 no depreciation line filed
4 D&A from the fixed asset notes
5 no interest-bearing debt reported
6 debt not itemised
7 Dandex estimate: statutory 22% used: profit before tax not positive
8 no capex filed
9 additions per the fixed asset notes
10 Dandex estimate: capex from the balance sheet change plus D&A; D&A from the fixed asset notes

Annual Reports

Annual report 2025
1 Jan 2025 to 31 Dec 2025, published 11 Jun 2026
XHTML
Annual report 2024
1 Jan 2024 to 31 Dec 2024, published 30 Jun 2025
PDF
Annual report 2023
1 Jan 2023 to 31 Dec 2023, published 27 May 2024
PDF
Annual report 2022
1 Jan 2022 to 31 Dec 2022, published 26 May 2023
PDF
Annual report 2021
1 Jan 2021 to 31 Dec 2021, published 14 Jun 2022
PDF

Financials

Changes

All changes

19 Oct 2026
FS INVESTMENT ApS has changed ownership. A new strategy and new needs can be expected.
Signal, a Dandex estimate. Lapses 30 Jan 2027.
2 Oct 2026
Ownership change
FS INVESTMENT ApS (CVR 21397989) har foretaget ejerskifte pr. 2. oktober 2026: 6 indtrådt.
4 Apr 2019
Director change
FS INVESTMENT ApS (CVR 21397989) har foretaget direktørskifte pr. 4. april 2019: 1 indtrådt.
1 Jan 2019
Director change
FS INVESTMENT ApS (CVR 21397989) har foretaget direktørskifte pr. 1. januar 2019: 1 indtrådt.
27 Feb 2017
Director change
FS INVESTMENT ApS (CVR 21397989) har foretaget direktørskifte pr. 27. februar 2017: 1 indtrådt.
21 Jan 2008
Director change
FS INVESTMENT ApS (CVR 21397989) har foretaget direktørskifte pr. 21. januar 2008: 1 indtrådt.
2 Apr 2003
Director change
FS INVESTMENT ApS (CVR 21397989) har foretaget direktørskifte pr. 2. april 2003: 1 indtrådt.
29 Dec 1998
Director change
FS INVESTMENT ApS (CVR 21397989) har foretaget direktørskifte pr. 29. december 1998: 3 indtrådt.

Changes

Registry Facts

Signing rule (Tegningsregel): Selskabet tegnes af direktøren eller af bestyrelsesformanden eller af den samlede bestyrelse.since 2 Oct 2026
Purpose (Formål): Selskabets formål er at fungere som holdingselskab.since 31 May 2008
Audit opted out (Revision fravalgt): Nosince 29 Dec 1998
Articles of association last changed (Seneste vedtægtsdato): 22 Sep 2026
Share classes (Kapitalklasser): Yessince 30 Apr 2016
Owners under 5% registered (Ejerregistrering under 5 procent): Nosince 14 Nov 2016
Anti-money-laundering act (Hvidvaskloven): Not covered (Ikke omfattet)since 8 Mar 2023

Share Capital

Each registered value from the day it took effect, newest first.

29 Dec 19981,000,000 DKKEarliest in CVR

From CVR, read 4 Nov 2026. Text such as the signing rule and purpose is shown as registered.

Registry Facts

Registrations (Registreringer)

18 registrations, newest first. As published by Erhvervsstyrelsen, in Danish, with people's street addresses cut to postcode and city.

2 Oct 2026
Other
Vedtægter ændret: 22.09.2026
Selskabet tegnes af direktøren eller af bestyrelsesformanden eller af den samlede bestyrelse.
19 Aug 2025
Audit change
Revision:
Fratrådte:
BDO Holding VII, statsautoriseret revisionsaktieselskab, den 19.08.2025.
Tiltrådte:
CVR-NR. 45719375 BDO 2025 Statsautoriseret Revisionspartnerselskab, Roms Hule 4, 1., 7100 Vejle, den 19.08.2025.
19 Mar 2020
People change
Bestyrelse:
Fratrådte:
Frank Skovsager Nielsen, (næstformand), den 16.03.2020.
Direktion:
Fratrådte:
Bjarne Poulsen, den 16.03.2020.
27 Aug 2019
People change
Direktion:
Tiltrådte:
Majbritt Skovsager Nielsen, den 01.01.2019.
4 Apr 2019
People change
Bestyrelse:
Fratrådte:
Ole Maare, (formand), den 04.04.2019.
Tiltrådte:
Flemming Torben Heden Knudsen, (formand), den 04.04.2019.
3 Mar 2017
Other
Vedtægter ændret: 03.03.2017
Selskabet tegnes af en direktør i forening med bestyrelsesformanden eller næstformanden, af bestyrelsesformanden i forening med næstformanden eller af den samlede bestyrelse..
27 Feb 2017
People change
Bestyrelse:
Fratrådte:
.
Direktion:
Fratrådte:
Frank Skovsager Nielsen, den 27.02.2017.
Tiltrådte:
Bjarne Poulsen, den 27.02.2017.
3 May 2016
Capital change
Vedtægter ændret: 30.04.2016
10 Feb 2014
Audit change Other
Revision:
Udtrådt af revisionen:
DELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB, den 03.02.2014.
Indtrådt i revisionen:
BDO STATSAUTORISERET REVISIONSAKTIESELSKAB, Roms Hule 4, 1., 7100 Vejle, den 03.02.2014.
16 Nov 2011
Other Audit change
Revision:
Udtrådt af revisionen:
DELOITTE STATSAUTORISERET REVISIONSAKTIESELSKAB, den 13.10.2011.
Indtrådt i revisionen:
DELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB, Tværkajen 5, 5000 Odense C, den 13.10.2011.

Show 8 more

10 Jun 2008
Other
Vedtægter ændret:
31.05.2008.
22 Jan 2008
Other People change
Bestyrelse:
Tiltrådt som formand:
Ole Maare, den 21.01.2008.
Udtrådt af bestyrelsen:
Kaare Vagner Jensen, den 21.01.2008.
16 Jan 2008
Other
Vedtægter ændret:
16.01.2008.
Nyt navn:
FS INVESTMENT ApS.
Ny adresse:
Højager 90, Næsby, 5270 Odense N.
28 Apr 2006
Other People change
Bestyrelse:
Udtrådt af bestyrelsen:
Svend Aage Koch-Christensen, den 21.04.2006.
Indtrådt i bestyrelsen:
Direktør Frank Skovsager Nielsen (næstformand), den 21.04.2006, Majbritt Skovsager Nielsen, den 21.04.2006.
10 May 2005
People change Other
Bestyrelse:
Udtrådt af bestyrelsen:
Majbritt Skovsager Nielsen, den 20.04.2005.
11 Apr 2003
Other People change
Bestyrelse:
Tiltrådt som næstformand:
Svend Aage Koch-Christensen, den 02.04.2003.
Udtrådt af bestyrelsen:
Knud Erik Nordby, den 02.04.2003.
7 Apr 1999
People change Other
Bestyrelse:
Indtrådt i bestyrelsen:
Advokat Ole Maare, den 29.12.1998.
9 Mar 1999
New company
Stiftelsesdato:
29.12.1998.
Seneste vedtægtsdato:
29.12.1998.
Kapital:
kr. 1.000.000,00.
Show the full announcement
Indbetalingsmåde:
i værdier kr. 1.000.000,00 til kurs 2.730,00.
Stifter:
Direktør Frank Skovsager Nielsen, den 29.12.1998.
Bestyrelse:
Direktør, President and CEO Kaare Vagner Jensen (formand), den 29.12.1998, Direktør Knud Erik Nordby (næstformand), den 29.12.1998, Adm.koncerndirektør Svend Aage Koch-Christensen, den 29.12.1998, Majbritt Skovsager Nielsen, den 29.12.1998.
Direktion:
Direktør Frank Skovsager Nielsen, den 29.12.1998.
Selskabet tegnes af en direktør alene, eller af den samlede bestyrelse.
Revision:
DELOITTE & TOUCHE STATSAUTORISERET REVISIONSAKTIESELSKAB, Østre Stationsvej 1, postboks 10, 5100 Odense C, den 29.12.1998.
Første regnskabsår:
29.12.1998 - 31.12.1998.
Regnskabsår:
01.01 - 31.12.

Registrations (Registreringer)

Registration

Address: Højager 90
5270 Odense N
Odense Municipality
CVR record last changed: 2 Oct 2026
Data read: 4 Nov 2026

Production Units

1 registered in CVR.

FS INVESTMENT ApS
P-number 1005011630Højager 90, 5270 Odense N

Compiled by Dandex from the Central Business Register (CVR, datacvr.virk.dk), Erhvervsstyrelsen, and annual reports filed in XBRL. Values marked Dandex estimate are computed by Dandex from that data, not registered.

Ownership

People

Network

Headcount

Financials

Changes

Registry Facts

Registrations (Registreringer)

Registration

Dandex in Your Own Tools

Ownership

People

Financials

Who Is Behind It

Ownership

Control Chain

Owned Companies

People

Current (2)

Founders (1)

Network

Roles Over Time

Network

Headcount

Financials

Annual Reports

Financials

Changes

Changes

Registry Facts

Share Capital

Registry Facts

Registrations (Registreringer)

Registrations (Registreringer)

Registration

Production Units

Dandex in Your Own Tools

Who Is Behind It

Control Chain

Owned Companies

Current (2)

Founders (1)

Network

Shared by two or more of its people

Owners and the control chain

Companies it owns

Its people and their other companies

Network

Roles Over Time

Financials

Annual Reports

Changes

Registry Facts

Share Capital

Registrations (Registreringer)

Production Units

Network

Shared by two or more of its people

Owners and the control chain

Companies it owns

Its people and their other companies