ECONOMIC SYSTEMS ApS (CVR 28102852) company profile

Ownership

ECONOMIC HOLDING ApS
CVR 18720906100% of capital and votessince 1 Oct 2004

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

Control chain

Ultimate controller
Steen Koch
Holds 100% of capital and votes in ECONOMIC HOLDING ApS, since 8 Aug 1995
Capital100%
Votes100%
Holding company
ECONOMIC HOLDING ApS
CVR 18720906Private limited company (ApS)
Holds 100% of capital and votes in ECONOMIC SYSTEMS ApS, since 1 Oct 2004
Capital100%
Votes100%
This company
ECONOMIC SYSTEMS ApS
CVR 28102852

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 12 Nov 2026.

Dandex estimates

Legal ownership resolution (ejerforholdenes opløsning): Ends at a personThe chain of majority owners ends at a person, through 1 company; legal owners in the CVR owner register only. Dandex estimate, rule v3, computed 12 Nov 2026.
Control tenure (ejerskabsperiode): Pro: Control tenure (ejerskabsperiode) is in the Pro plan, see pricingHow long the current ultimate controller has held control, from the CVR owner register.
Group position (koncernforhold): Has a parent, and no majority holding in a Danish companyControlled by a company in CVR; it holds 50% or more of no Danish company. Dandex estimate, rule v2, computed 12 Nov 2026.
Signing authority, structured (tegningsregel, struktureret): One person can bind the companyThe registered signing rule lets one person bind the company; current members: executive board 1. Dandex estimate, rule v2, computed 12 Nov 2026.
EU SME size class (SMV-kategori): Not determinedThe 2025 report has no average employee figure in the report, and the registry covers fewer than 6 months of the year. Dandex estimate, rule v2, computed 12 Nov 2026.
Long-run headcount growth (beskæftigelsesudvikling siden 1998): Not determinedNo employment figures since Feb 2023. Dandex estimate, rule v1, computed 12 Nov 2026.
Demand cyclicality (konjunkturfølsomhed): Pro: Demand cyclicality (konjunkturfølsomhed) is in the Pro plan, see pricingHow demand for its products moves with the economy, from its industry.
Registry and report headcount compared (ansatte i register og regnskab): Pro: Registry and report headcount compared (ansatte i register og regnskab) is in the Pro plan, see pricingThe report's average employees beside the registry's staff over the same year.
Auditor's report (revisorpåtegning): Not determinedNot decided yet: Dandex has not read this company's annual reports for it. Dandex estimate, rules and decision model v1, computed 12 Nov 2026.
Auditor's report findings (revisorpåtegning): Pro: Auditor's report findings (revisorpåtegning) is in the Pro plan, see pricingThe auditor's findings: conclusion, going concern, emphasis, other matters, breaches.

Decided by Dandex with fixed rules from CVR and the filed annual reports, and for the auditor's report a calibrated decision model reading the auditor's text, not registered by the company. Each label links to its definition.

People

Current (1)

Steen KochExecutive board since 1 Oct 2004, Registret til bekæmpelse af hvidvask since 8 Dec 2017

Founders (1)

ApS KBUS 38 nr.3117Founded 1 Sep 2004

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

Former (1)

Kim MadsenExecutive board 1 Sep 2004 to 1 Oct 2004

Network

Roles over time

Steen Koch: Executive board, 1 Oct 2004 to today; Registret til bekæmpelse af hvidvask, 8 Dec 2017 to today.

1 Oct 2004 to 12 Nov 2026.

Former (1)

Kim Madsen: Executive board, 1 Sep 2004 to 1 Oct 2004.

1 Sep 2004 to 12 Nov 2026.

Executive board (direktion)Other rolesEach bar is one role, from its start to its end or today. Bars in a group share one scale. Source: CVR.

Network

Headcount

EmployeesFTE

Feb 2023, monthly: 1 employee, 0 FTE

Show as table

Registry headcount, 2004 to Feb 2023, oldest left to newest right
Period	2004	Q1 2005	Q2 2005	Q3 2005	Q4 2005	Q1 2006	Jun 2020	Aug 2020	Sep 2020	Oct 2020	Nov 2020	Dec 2020	Jan 2021	Feb 2021	Mar 2021	Apr 2021	May 2021	Jun 2021	Aug 2021	Sep 2021	Oct 2021	Nov 2021	Dec 2021	Jan 2022	Feb 2022	Mar 2022	Jun 2022	Jul 2022	Aug 2022	Nov 2022	Dec 2022	Jan 2023	Feb 2023
Employees	1	No count	No count	No count	No count	No count	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
FTE	0	0	0	0	6	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Series	Annual	Quarterly	Quarterly	Quarterly	Quarterly	Quarterly	Monthly	Monthly	Monthly	Monthly	Monthly	Monthly	Monthly	Monthly	Monthly	Monthly	Monthly	Monthly	Monthly	Monthly	Monthly	Monthly	Monthly	Monthly	Monthly	Monthly	Monthly	Monthly	Monthly	Monthly	Monthly	Monthly	Monthly

The legal entity's own headcount as CVR records it, not the annual report's average, which may cover a group. Annual 2004; quarterly Q1 2005 to Q1 2006; monthly Jun 2020 to Feb 2023.

Latest Feb 2023, published 3 May 2023. Source: CVR employment series (Årsbeskæftigelse, Kvartalsbeskæftigelse, Månedsbeskæftigelse).

Financials

Annual report figures by year, DKK thousands
Metric	2021	2022	2023	2024	2025
Gross profit	54	113	60	136	104
Operating profit	+14	+8	-150	+136	Not reported
Result for the year	+4	-4	-126	+103	+80
Equity	130	126	0	102	183
Total assets	292	253	139	186	337
Employees (average)	Not reported	1	1	0	Not reported
Credit metrics (Dandex calculations)
Gross profit growth (vækst i bruttofortjeneste)	85.5%	113.1%	-46.9%	126.5%	-23.4%
EBITDA	54	8	Not reported^{note 1}	Not reported^{note 1}	Not reported^{note 1}
EBITDA / gross profit (EBITDA i procent af bruttofortjenesten)Pro: EBITDA / gross profit (EBITDA i procent af bruttofortjenesten) is in the Pro plan, see pricingEBITDA as a share of gross profit.	Pro: EBITDA / gross profit (EBITDA i procent af bruttofortjenesten) is in the Pro plan, see pricingEBITDA as a share of gross profit.
Employee growth (vækst i antal ansatte)	Not reported^{note 2}	n.m.^{note 3}	0%	-100%	Not reported^{note 2}
Net interest-bearing debt (NIBD, nettorentebærende gæld)Pro: Net interest-bearing debt (NIBD, nettorentebærende gæld) is in the Pro plan, see pricingInterest-bearing debt less cash and current securities; negative is net cash.	Pro: Net interest-bearing debt (NIBD, nettorentebærende gæld) is in the Pro plan, see pricingInterest-bearing debt less cash and current securities; negative is net cash.
Gearing, NIBD / EBITDAPro: Gearing, NIBD / EBITDA is in the Pro plan, see pricingNet interest-bearing debt over EBITDA: the years of earnings the debt takes.	Pro: Gearing, NIBD / EBITDA is in the Pro plan, see pricingNet interest-bearing debt over EBITDA: the years of earnings the debt takes.
Interest coverage (rentedækning)Pro: Interest coverage (rentedækning) is in the Pro plan, see pricingEBIT over finance expenses: how many times earnings cover the interest.	Pro: Interest coverage (rentedækning) is in the Pro plan, see pricingEBIT over finance expenses: how many times earnings cover the interest.
Adjusted equity ratio (justeret soliditetsgrad)Pro: Adjusted equity ratio (justeret soliditetsgrad) is in the Pro plan, see pricingAdjusted equity as a share of total assets on the same basis.	Pro: Adjusted equity ratio (justeret soliditetsgrad) is in the Pro plan, see pricingAdjusted equity as a share of total assets on the same basis.
ROIC (afkast af investeret kapital)Pro: ROIC (afkast af investeret kapital) is in the Pro plan, see pricingReturn on invested capital: EBIT after tax over equity plus net debt.	Pro: ROIC (afkast af investeret kapital) is in the Pro plan, see pricingReturn on invested capital: EBIT after tax over equity plus net debt.
Capex (investeringer i anlægsaktiver)	0^{note 4}	Not reported^{note 5}	Not reported^{note 6}	Not reported^{note 6}	Not reported^{note 6}
Capex % of sales (investeringer i procent af omsætningen)Pro: Capex % of sales (investeringer i procent af omsætningen) is in the Pro plan, see pricingCapex as a share of revenue.	Pro: Capex % of sales (investeringer i procent af omsætningen) is in the Pro plan, see pricingCapex as a share of revenue.
FCFF / EBITDA (pengestrømskonvertering)Pro: FCFF / EBITDA (pengestrømskonvertering) is in the Pro plan, see pricingFree cash flow to the firm as a share of EBITDA.	Pro: FCFF / EBITDA (pengestrømskonvertering) is in the Pro plan, see pricingFree cash flow to the firm as a share of EBITDA.

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. Gearing and interest coverage are multiples. Rows marked Pro hold a value in the Pro plan. Definitions. Revenue-based rows are empty: the company reports gross profit only (bruttofortjeneste), which class B filers may.

1 no depreciation line filed
2 no average employee figure in the annual report (ESEF reports carry none); the registry's monthly headcount is in the company tool's employmentHistory section
3 n.m.: the year before is not positive
4 Dandex estimate: capex from the balance sheet change plus D&A
5 disposals exceed investment
6 no capex filed

Credit rating (kreditvurdering): Pro: Credit rating (kreditvurdering) is in the Pro plan, see pricingA score from 0 to 100 with a grade from A to F, from the latest annual reports.
Capital loss (kapitaltab): Pro: Capital loss (kapitaltab) is in the Pro plan, see pricingNegative equity, or equity below half the share capital, in the latest report.
Filing deadline and punctuality (indsendelsesfrist): Pro: Filing deadline and punctuality (indsendelsesfrist) is in the Pro plan, see pricingThe next annual report deadline.

Annual reports

Annual report 2025
1 Oct 2024 to 30 Sep 2025, published 27 Mar 2026
XHTML
Annual report 2024
1 Oct 2023 to 30 Sep 2024, published 31 Mar 2025
PDF
Annual report 2023
1 Oct 2022 to 30 Sep 2023, published 3 Apr 2024
PDF
Annual report 2022
1 Oct 2021 to 30 Sep 2022, published 28 Mar 2023
PDF
Annual report 2021
1 Oct 2020 to 30 Sep 2021, published 4 Mar 2022
PDF

Financials

Changes

All changes

1 Oct 2004
Director change
ECONOMIC SYSTEMS ApS (CVR 28102852) har foretaget direktørskifte pr. 1. oktober 2004: 1 indtrådt.
1 Oct 2004
Ownership change
ECONOMIC SYSTEMS ApS (CVR 28102852) har foretaget ejerskifte pr. 1. oktober 2004: 1 indtrådt.
1 Sep 2004
Director change
ECONOMIC SYSTEMS ApS (CVR 28102852) har foretaget direktørskifte pr. 1. september 2004: 1 indtrådt.

Signals (signaler)

Pro: Signals (signaler) are in the Pro plan, see pricingChanges worth a look, raised from the registry and new annual reports.

New leadership (nyt lederskab), New company (ny virksomhed), Ownership change (ejerskifte), Relocation (flytning), Growth surge (vækstspurt), Headcount decline (nedgang i ansatte), Restructuring (omstrukturering), Industry change (brancheskift), Board change (bestyrelsesændring), Dissolution (ophør), Distress warning (risikoadvarsel), Fund investment (fondsinvestering), Fund exit (fondsexit), Fund board seat (fondsbestyrelsespost).

Changes

Pro for this company

The rows marked Pro on this page hold values in the Pro plan. For ECONOMIC SYSTEMS ApS, that is:

Credit and debt: Net interest-bearing debt, gearing, NIBD / EBITDA, interest coverage and adjusted equity ratio, for 2021 to 2025.Credit rating, capital loss and filing deadline and punctuality.
Returns and cash flow: EBITDA / gross profit, ROIC, capex % of sales and FCFF / EBITDA, for 2021 to 2025.
Advanced estimates: Control tenure, demand cyclicality, registry and report headcount compared and auditor's report findings.
Signals and monitoring: Signals on this company, as Dandex raises them.

See the Pro plan

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Registry facts

Signing rule (tegningsregel): Selskabet tegnes af direktionensince 15 Mar 2013
Purpose (formål): Selskabets formål er handel, konsulentvirksomhed, udlejning af software samt hermed beslægtet virksomhedsince 15 Mar 2013
Audit opted out (revision fravalgt): Yessince 1 Sep 2004
Articles of association last changed (seneste vedtægtsdato): 15 Mar 2013
Owners under 5% registered (ejerregistrering under 5 procent): Nosince 15 Jun 2015
Anti-money-laundering act (hvidvaskloven): Special (Særlig)since 8 Dec 2017

Share capital

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

1 Sep 2004DKK 125,000Earliest in CVR

From CVR, read 12 Nov 2026. Text such as the signing rule and purpose is shown as registered.

Registry facts

History (historik)

Name changes: 1 in all, none in the last 5 years; latest 1 Oct 2004
Address changes: 4 in all, 1 in the last 5 years; latest 2 Sep 2024At the current address for 2.2 years
Status changes: None recorded
Auditor changes: 3 in all, none in the last 5 years; latest 23 Mar 2012

Names (navne)

1 Oct 2004 to now
ECONOMIC SYSTEMS ApS
1 Sep 2004 to 30 Sep 2004
ApS KBUS 17 NR. 3602

Addresses (adresser)

2 Sep 2024 to now
Langebjerg 1, 4000 Roskilde
22 Mar 2013 to 1 Sep 2024
Algade 18, 1. tv, 4000 Roskilde
4 Nov 2008 to 21 Mar 2013
Jernbanegade 33, st., 4000 Roskilde
7 Oct 2004 to 3 Nov 2008
Vinkelvej 3, 4000 Roskilde
1 Sep 2004 to 6 Oct 2004
Kronprinsessegade 18, 1306 København K

Audit firms (revision)

23 Mar 2012 to 15 Mar 2013
Revisionsfirmaet Fetterlein
28 Mar 2007 to 23 Mar 2012
ULLA LÆRKE ApS
1 Oct 2004 to 28 Mar 2007
TIMEVISION BRØNDBY GODKENDT REVISIONSAKTIESELSKAB
1 Sep 2004 to 1 Oct 2004
ERNST & YOUNG DENMARK P/S

From CVR, read 12 Nov 2026. A change is counted each time the registry records a new value, so a corrected address or an audit firm under a new entity counts too.

History (historik)

Registrations (registreringer)

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

3 Sep 2024
Address change
Ny adresse: Langebjerg 1, 4000 Roskilde
14 Dec 2013
Audit change Other
Revision:
Udtrådt af revisionen:
Revisionsfirmaet C. Fetterlein, den 15.03.2013.
22 Mar 2013
Other
Vedtægter ændret:
15.03.2013.
Ny adresse:
Algade 18, 1. tv., 4000 Roskilde.
25 Mar 2012
Other Audit change
Revision:
Udtrådt af revisionen:
CVR-NR. 25768108 ULLA LÆRKE, REGISTREREDE REVISORER ApS, den 23.03.2012.
Indtrådt i revisionen:
Revisionsfirmaet C. Fetterlein, 2800 Kongens Lyngby, den 23.03.2012.
4 Nov 2008
Other
Ny adresse:
Jernbanegade 33, st., 4000 Roskilde.
28 Mar 2007
Other Audit change
Revision:
Udtrådt af revisionen:
CVR-NR. 19000435 DANSK REVISION TAASTRUP, REGISTRERET REVISIONSAKTIESELSKAB, den 28.03.2007.
Indtrådt i revisionen:
CVR-NR. 25768108 ULLA LÆRKE, REGISTREREDE REVISORER ApS, Helligkorsvej 33 C, kl., 4000 Roskilde, den 28.03.2007.
7 Oct 2004
Audit change Other People change Address change
Vedtægter ændret:
01.10.2004.
Nyt navn:
ECONOMIC SYSTEMS ApS.
Ny adresse:
Vinkelvej 3, 4000 Roskilde.
Show the full announcement
Ny kommune:
Roskilde.
Nye binavne:
ECONOMIC SOLUTIONS ApS (ECONOMIC SYSTEMS ApS), ØKONOMISYSTEMER ApS (ECONOMIC SYSTEMS ApS).
Direktion:
Udtrådt af direktionen:
Kim Madsen, den 01.10.2004.
Indtrådt i direktionen:
Reg. revisor Steen Koch, den 01.10.2004.
Selskabet tegnes af direktionen.
Revision:
Udtrådt af revisionen:
ERNST & YOUNG STATSAUTORISERET REVISIONSAKTIESELSKAB, den 01.10.2004.
Indtrådt i revisionen:
CVR-NR. 19000435 DANSK REVISION TAASTRUP, REGISTRERET REVISIONSAKTIESELSKAB, Køgevej 92, postboks 18, 2630 Taastrup, den 01.10.2004.
2 Sep 2004
New company
Stiftelsesdato:
01.09.2004.
Seneste vedtægtsdato:
01.09.2004.
Kapital:
kr. 125.000,00.
Show the full announcement
Indbetalingsmåde:
kontant kr. 125.000,00 til kurs 100,00.
Stifter:
CVR-NR. 19270939 ApS KBUS 38 NR. 3117, Kronprinsessegade 18, 1306 København K, den 01.09.2004.
Direktion:
Kim Madsen (adm. dir), den 01.09.2004.
Selskabet tegnes af en direktør.
Revision:
ERNST & YOUNG STATSAUTORISERET REVISIONSAKTIESELSKAB, Ro's Torv 53, 4000 Roskilde, den 01.09.2004.
Første regnskabsår:
01.09.2004 - 30.09.2005.
Regnskabsår:
01.10 - 30.09.

Registrations (registreringer)

Registration

Address: Langebjerg 1
4000 Roskilde
Roskilde Municipality
CVR record last changed: 21 Sep 2026
Data read: 12 Nov 2026

Production units

1 registered in CVR.

ECONOMIC SYSTEMS ApS
P-number 1010746996Langebjerg 1, 4000 Roskilde

Compiled by Dandex from the Danish Business Registry (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

Financials

Changes

Registry facts

History (historik)

Registrations (registreringer)

Registration

Dandex in your own tools

Ownership

People

Financials

Who is behind it

Ownership

Control chain

Dandex estimates

People

Current (1)

Founders (1)

Network

Roles over time

Network

Headcount

Financials

Annual reports

Financials

Changes

Signals (signaler)

Changes

Pro for this company

Registry facts

Share capital

Registry facts

History (historik)

Names (navne)

Addresses (adresser)

Audit firms (revision)

History (historik)

Registrations (registreringer)

Registrations (registreringer)

Registration

Production units

Dandex in your own tools

Who is behind it

Control chain

Dandex estimates

Current (1)

Founders (1)

Network

Owners and the control chain

Its people and their other companies

Network

Roles over time

Headcount

Financials

Annual reports

Changes

Signals (signaler)

Pro for this company

Registry facts

Share capital

History (historik)

Names (navne)

Addresses (adresser)

Audit firms (revision)

Registrations (registreringer)

Production units

Network

Owners and the control chain

Its people and their other companies