Visma e-conomic A/S

CVR 29403473Public limited company (A/S)Anden udgivelse af software (582900)København VFounded 10 Feb 2006

Employees

450

CVR registry, Aug 2026

+10 (+2.3%) over 12 months

Revenue

1.1B

DKK, annual report 2025

+16.9% on 2024

Result

+456.2M

DKK, annual report 2025

Equity

471.5M

DKK, annual report 2025

Ownership

People

Network

Financials

Changes

Registration

Address: Gærtorvet 3
1799 København V
København Municipality
CVR record last changed: 12 Oct 2026
Data read: 2 Nov 2026

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.

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Dandex is Danish company data. Connect it once and ask about Visma e-conomic A/S, or any Danish company, from your assistant, the API or the command line. Answers come from the current record: owners and the ownership network, financials year by year, and the latest registered changes.

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Ownership

People

Financials

Visma e-conomic A/S

CVR 29403473Public limited company (A/S)Anden udgivelse af software (582900)København VFounded 10 Feb 2006

Employees

450

CVR registry, Aug 2026

+10 (+2.3%) over 12 months

Revenue

1.1B

DKK, annual report 2025

+16.9% on 2024

Result

+456.2M

DKK, annual report 2025

Equity

471.5M

DKK, annual report 2025

Who Is Behind It

Owner: VISMA DANMARK HOLDING A/SCVR 28854889, 100% of capital and votes, since 2 Mar 2017
Ultimate controller: Visma ASthrough VISMA DANMARK HOLDING A/S, a Dandex estimate
Director: Karina Wellendorphsince 1 May 2024

Ownership

VISMA DANMARK HOLDING A/S
CVR 28854889100% of capital and votessince 2 Mar 2017

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

Former owners (1)

E-CONOMIC INTERNATIONAL A/S
CVR 10067855100% of capital and votes7 Aug 2014 to 1 Mar 2017

Control Chain

Ultimate controller
Visma AS
Holds 100% of capital and votes in VISMA DANMARK HOLDING A/S, since 12 Dec 2012
Capital100%
Votes100%
Holding company
VISMA DANMARK HOLDING A/S
CVR 28854889Public limited company (A/S)
Holds 100% of capital and votes in Visma e-conomic A/S, since 2 Mar 2017
Capital100%
Votes100%
This company
Visma e-conomic A/S
CVR 29403473

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 2 Nov 2026.

People

Current (5)

Karina WellendorphExecutive board since 1 May 2024
Martin Buch ThorborgBoard of directors since 13 Jan 2020
Alicia HalaasBoard of directors since 1 Feb 2025
Tiina Elina HolmBoard of directors since 23 Mar 2023
David VerhasseltBoard of directors since 17 Feb 2025

Founders (1)

E-CONOMIC INTERNATIONAL A/SFounded 10 Feb 2006

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

Former (25)

Mogens Munkholm ElsbergExecutive board 1 Jun 2014 to 7 Jul 2015, Board of directors 1 Jun 2014 to 7 Jul 2015
Anders Hegelund BjørnsboExecutive board 10 Feb 2006 to 17 Mar 2008, Board of directors 17 Mar 2008 to 11 Jul 2013
Mads Næss RebsdorfExecutive board 15 May 2017 to 1 Nov 2020
Torben Frigaard RasmussenExecutive board 1 Oct 2008 to 1 Jun 2014, Board of directors 1 Oct 2008 to 1 Jun 2014
Anders Kristian HansenExecutive board 17 Mar 2008 to 1 Oct 2008, Board of directors 17 Mar 2008 to 1 Oct 2008
Eilert Giertsen HanoaExecutive board 7 Jul 2015 to 1 Mar 2018
Lars EngborkExecutive board 1 Nov 2020 to 1 May 2024
Jacob WandtBoard of directors 17 Mar 2008 to 11 Jul 2013
Kasper LyhrBoard of directors 12 Jan 2026 to 28 Feb 2026
Lars AndersenBoard of directors 10 Feb 2006 to 17 Mar 2008
Valentin Thore RinggårdBoard of directors 11 Jul 2013 to 9 Aug 2018
Carsten Boje MøllerBoard of directors 18 Feb 2019 to 14 Feb 2022
Kim Sneum MadsenBoard of directors 11 Jul 2013 to 31 Mar 2014
Karen SlatfordBoard of directors 31 Mar 2014 to 7 Jul 2015
Eilert Giertsen HanoaBoard of directors 9 Jun 2015 to 9 Aug 2018
Øystein MoanBoard of directors 7 Jul 2015 to 13 Jan 2020
Eivind GundersenBoard of directors 7 Jul 2015 to 9 Aug 2018
Yvette HoogewerfBoard of directors 9 Aug 2018 to 13 Jan 2020
Steffen TorpBoard of directors 9 Aug 2018 to 13 Jan 2020
Ari-Pekka SalovaaraBoard of directors 13 Jan 2020 to 12 Jan 2026
Merete HvervenBoard of directors 13 Jan 2020 to 14 Feb 2022
Valërija MakijenkoBoard of directors 13 Jan 2020 to 17 Feb 2025
Christian Westlye LarsenBoard of directors 4 Jan 2021 to 23 Mar 2023
Ellen Katy P SanoBoard of directors 21 Apr 2022 to 2 Feb 2026
Tinus Alexander LystadBoard of directors 23 Mar 2023 to 28 Sep 2026

Network

Roles Over Time

Martin Buch Thorborg: Board of directors, 13 Jan 2020 to today.
Tiina Elina Holm: Board of directors, 23 Mar 2023 to today.
Karina Wellendorph: Executive board, 1 May 2024 to today.
Alicia Halaas: Board of directors, 1 Feb 2025 to today.
David Verhasselt: Board of directors, 17 Feb 2025 to today.

13 Jan 2020 to 2 Nov 2026.

Former (25)

Tinus Alexander Lystad: Board of directors, 23 Mar 2023 to 28 Sep 2026.
Kasper Lyhr: Board of directors, 12 Jan 2026 to 28 Feb 2026.
Ellen Katy P Sano: Board of directors, 21 Apr 2022 to 2 Feb 2026.
Ari-Pekka Salovaara: Board of directors, 13 Jan 2020 to 12 Jan 2026.
Valërija Makijenko: Board of directors, 13 Jan 2020 to 17 Feb 2025.
Lars Engbork: Executive board, 1 Nov 2020 to 1 May 2024.
Christian Westlye Larsen: Board of directors, 4 Jan 2021 to 23 Mar 2023.
Carsten Boje Møller: Board of directors, 18 Feb 2019 to 14 Feb 2022.
Merete Hverven: Board of directors, 13 Jan 2020 to 14 Feb 2022.
Mads Næss Rebsdorf: Executive board, 15 May 2017 to 1 Nov 2020.
Øystein Moan: Board of directors, 7 Jul 2015 to 13 Jan 2020.
Yvette Hoogewerf: Board of directors, 9 Aug 2018 to 13 Jan 2020.
Steffen Torp: Board of directors, 9 Aug 2018 to 13 Jan 2020.
Valentin Thore Ringgård: Board of directors, 11 Jul 2013 to 9 Aug 2018.
Eilert Giertsen Hanoa: Board of directors, 9 Jun 2015 to 9 Aug 2018.
Eivind Gundersen: Board of directors, 7 Jul 2015 to 9 Aug 2018.
Eilert Giertsen Hanoa: Executive board, 7 Jul 2015 to 1 Mar 2018.
Mogens Munkholm Elsberg: Executive board, 1 Jun 2014 to 7 Jul 2015; Board of directors, 1 Jun 2014 to 7 Jul 2015.
Karen Slatford: Board of directors, 31 Mar 2014 to 7 Jul 2015.
Torben Frigaard Rasmussen: Executive board, 1 Oct 2008 to 1 Jun 2014; Board of directors, 1 Oct 2008 to 1 Jun 2014.
Kim Sneum Madsen: Board of directors, 11 Jul 2013 to 31 Mar 2014.
Anders Hegelund Bjørnsbo: Executive board, 10 Feb 2006 to 17 Mar 2008; Board of directors, 17 Mar 2008 to 11 Jul 2013.
Jacob Wandt: Board of directors, 17 Mar 2008 to 11 Jul 2013.
Anders Kristian Hansen: Executive board, 17 Mar 2008 to 1 Oct 2008; Board of directors, 17 Mar 2008 to 1 Oct 2008.
Lars Andersen: Board of directors, 10 Feb 2006 to 17 Mar 2008.

10 Feb 2006 to 2 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

Financials

Annual report figures by year, DKK thousands
Metric	2021	2022	2023	2024	2025
Revenue	525,677	634,887	766,788	911,514	1,065,911
Operating profit	+283,155	+318,341	+382,427	+476,226	+573,129
Result for the year	+219,464	+246,741	+306,597	+382,620	+456,204
Equity	226,348	263,088	329,685	394,304	471,507
Total assets	347,049	597,158	509,173	593,761	704,404
Employees (average)	275	324	373	372	397
Credit metrics (Dandex calculations)
Revenue growth (omsætningsvækst)	20%	20.8%	20.8%	18.9%	16.9%
EBIT margin (overskudsgrad)	53.9%	50.1%	49.9%	52.3%	53.8%
EBITDA	286,571	329,085	395,660	489,265	585,033
EBITDA margin	54.5%	51.8%	51.6%	53.7%	54.9%
Employee growth (vækst i antal ansatte)	19.6%	17.8%	15.1%	-0.3%	6.7%
Net interest-bearing debt (NIBD, nettorentebærende gæld)	1,036	1,207	771	581	Not reported^{note 1}
Gearing, NIBD / EBITDA	0x	0x	0x	0x	Not reported^{note 1}
ROIC (afkast af investeret kapital)	104%	101%	100.3%	102.4%	Not reported^{note 1}
Capex (investeringer i anlægsaktiver)	36,479^{note 2}	8,279^{note 2}	3,880^{note 2}	11,454^{note 2}	8,083^{note 2}
Capex % of sales (investeringer i procent af omsætningen)	6.9%^{note 2}	1.3%^{note 2}	0.5%^{note 2}	1.3%^{note 2}	0.8%^{note 2}
NIBD incl. group and owner balances (NIBD inkl. koncern- og ejermellemværender)	-286,349	-317,856	-439,270	-514,951	Not reported^{note 1}

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. No cash flow statement: included in the group's (ÅRL § 86, stk. 4).

1 no debt or cash line filed
2 additions per the fixed asset notes

Annual Reports

Annual report 2025
1 Jan 2025 to 31 Dec 2025, published 20 Apr 2026
XHTML
Annual report 2024
1 Jan 2024 to 31 Dec 2024, published 7 Apr 2025
PDF
Annual report 2023
1 Jan 2023 to 31 Dec 2023, published 3 Apr 2024
PDF
Annual report 2022
1 Jan 2022 to 31 Dec 2022, published 8 May 2023
PDF
Annual report 2021
1 Jan 2021 to 31 Dec 2021, published 3 Jun 2022
PDF

Financials

Changes

All changes

4 Jun 2026
Ownership change
Visma e-conomic A/S (CVR 29403473) har foretaget ejerskifte pr. 4. juni 2026: 2 indtrådt.
12 Jan 2026
Director change
Visma e-conomic A/S (CVR 29403473) har foretaget direktørskifte pr. 12. januar 2026: 1 indtrådt.
17 Feb 2025
Director change
Visma e-conomic A/S (CVR 29403473) har foretaget direktørskifte pr. 17. februar 2025: 1 indtrådt.
1 Feb 2025
Director change
Visma e-conomic A/S (CVR 29403473) har foretaget direktørskifte pr. 1. februar 2025: 1 indtrådt.
1 May 2024
Director change
Visma e-conomic A/S (CVR 29403473) har foretaget direktørskifte pr. 1. maj 2024: 1 indtrådt.
23 Mar 2023
Director change
Visma e-conomic A/S (CVR 29403473) har foretaget direktørskifte pr. 23. marts 2023: 2 indtrådt.
21 Apr 2022
Director change
Visma e-conomic A/S (CVR 29403473) har foretaget direktørskifte pr. 21. april 2022: 1 indtrådt.
4 Jan 2021
Director change
Visma e-conomic A/S (CVR 29403473) har foretaget direktørskifte pr. 4. januar 2021: 1 indtrådt.
1 Nov 2020
Director change
Visma e-conomic A/S (CVR 29403473) har foretaget direktørskifte pr. 1. november 2020: 1 indtrådt.
13 Jan 2020
Director change
Visma e-conomic A/S (CVR 29403473) har foretaget direktørskifte pr. 13. januar 2020: 4 indtrådt.

Changes

Registration

Address: Gærtorvet 3
1799 København V
København Municipality
CVR record last changed: 12 Oct 2026
Data read: 2 Nov 2026

Production Units

11 registered in CVR.

Visma e-conomic A/S, Ballerup
P-number 1023241648Borupvang 3, 2750 Ballerup
Admincontrol
P-number 1024936615Stationsparken 26, 2600 Glostrup
Visma e-conomic A/S
P-number 1028220827Farverland 4, 2600 Glostrup
Visma e-conomic A/S / IT-Satellit
P-number 1029481225Tronholmen 3, 8960 Randers SØ
Visma e-conomic A/S, Ballerup
P-number 1023809563Lautrupbjerg 6, 2750 Ballerup

Show 6 more

Visma e-conomic a/s
P-number 1029708963Gunnar Clausens Vej 34, 8260 Viby J
Visma e-conomic A/S
P-number 1027120055Langebrogade 1, 1411 København K
Visma e-conomic A/S, Aalborg
P-number 1022052825Møllegade 11, 9000 Aalborg
Visma e-conomic A/S
P-number 1028220835Sandøvej 1, 8700 Horsens
Visma e-conomic a/s
P-number 1030668576Axel Kiers Vej 5, 8270 Højbjerg
Visma e-conomic A/S
P-number 1012084141Gærtorvet 3, 1799 København V

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Current (5)

Karina WellendorphExecutive board since 1 May 2024
Martin Buch ThorborgBoard of directors since 13 Jan 2020
Alicia HalaasBoard of directors since 1 Feb 2025
Tiina Elina HolmBoard of directors since 23 Mar 2023
David VerhasseltBoard of directors since 17 Feb 2025

Founders (1)

E-CONOMIC INTERNATIONAL A/SFounded 10 Feb 2006

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

Former (25)

Mogens Munkholm ElsbergExecutive board 1 Jun 2014 to 7 Jul 2015, Board of directors 1 Jun 2014 to 7 Jul 2015
Anders Hegelund BjørnsboExecutive board 10 Feb 2006 to 17 Mar 2008, Board of directors 17 Mar 2008 to 11 Jul 2013
Mads Næss RebsdorfExecutive board 15 May 2017 to 1 Nov 2020
Torben Frigaard RasmussenExecutive board 1 Oct 2008 to 1 Jun 2014, Board of directors 1 Oct 2008 to 1 Jun 2014
Anders Kristian HansenExecutive board 17 Mar 2008 to 1 Oct 2008, Board of directors 17 Mar 2008 to 1 Oct 2008
Eilert Giertsen HanoaExecutive board 7 Jul 2015 to 1 Mar 2018
Lars EngborkExecutive board 1 Nov 2020 to 1 May 2024
Jacob WandtBoard of directors 17 Mar 2008 to 11 Jul 2013
Kasper LyhrBoard of directors 12 Jan 2026 to 28 Feb 2026
Lars AndersenBoard of directors 10 Feb 2006 to 17 Mar 2008
Valentin Thore RinggårdBoard of directors 11 Jul 2013 to 9 Aug 2018
Carsten Boje MøllerBoard of directors 18 Feb 2019 to 14 Feb 2022
Kim Sneum MadsenBoard of directors 11 Jul 2013 to 31 Mar 2014
Karen SlatfordBoard of directors 31 Mar 2014 to 7 Jul 2015
Eilert Giertsen HanoaBoard of directors 9 Jun 2015 to 9 Aug 2018
Øystein MoanBoard of directors 7 Jul 2015 to 13 Jan 2020
Eivind GundersenBoard of directors 7 Jul 2015 to 9 Aug 2018
Yvette HoogewerfBoard of directors 9 Aug 2018 to 13 Jan 2020
Steffen TorpBoard of directors 9 Aug 2018 to 13 Jan 2020
Ari-Pekka SalovaaraBoard of directors 13 Jan 2020 to 12 Jan 2026
Merete HvervenBoard of directors 13 Jan 2020 to 14 Feb 2022
Valërija MakijenkoBoard of directors 13 Jan 2020 to 17 Feb 2025
Christian Westlye LarsenBoard of directors 4 Jan 2021 to 23 Mar 2023
Ellen Katy P SanoBoard of directors 21 Apr 2022 to 2 Feb 2026
Tinus Alexander LystadBoard of directors 23 Mar 2023 to 28 Sep 2026

Network

CompanyPersonShared by two or more of its peopleThicker lines are ownership+N: more companies of that personSource: CVR, read 2 Nov 2026. Each current person is followed to their other current roles, at most 10 companies each. Their own people are not drawn.

The Network as a List

Shared by two or more of its people

Visma Rating ApS CVR 40863753, 2 people

Its people and their other companies

Martin Buch Thorborg Board of directors
- Amalo ApS CVR 40891994, Board of directors
- AMINO ApS CVR 30581199, Board of directors, Executive board
- CLOUD1 ApS CVR 25449401, Owner, Executive board
- nBoard ApS CVR 40589872, Board of directors
- PENSOPAY A/S CVR 36410876, Board of directors
- Visma Dinero ApS CVR 34731543, Executive board
- Visma Rating ApS CVR 40863753, Board of directors, Executive board
Karina Wellendorph Executive board
- BECH & WELLENDORPH ApS CVR 36480807, Board of directors, Executive board
- Creditro A/S CVR 39181169, Board of directors
- Likvido Drift ApS CVR 43555391, Board of directors
- MERC IT ApS CVR 29785643, Board of directors
- RW HOLDING ApS CVR 36474467, Owner
- Visma Rating ApS CVR 40863753, Board of directors
Alicia Halaas Board of directors
- Visma DataLøn A/S CVR 48117716, Board of directors
Tiina Elina Holm Board of directors
No other current company drawn.
David Verhasselt Board of directors
No other current company drawn.

Network

Roles Over Time

Martin Buch Thorborg: Board of directors, 13 Jan 2020 to today.
Tiina Elina Holm: Board of directors, 23 Mar 2023 to today.
Karina Wellendorph: Executive board, 1 May 2024 to today.
Alicia Halaas: Board of directors, 1 Feb 2025 to today.
David Verhasselt: Board of directors, 17 Feb 2025 to today.

13 Jan 2020 to 2 Nov 2026.

Former (25)

Tinus Alexander Lystad: Board of directors, 23 Mar 2023 to 28 Sep 2026.
Kasper Lyhr: Board of directors, 12 Jan 2026 to 28 Feb 2026.
Ellen Katy P Sano: Board of directors, 21 Apr 2022 to 2 Feb 2026.
Ari-Pekka Salovaara: Board of directors, 13 Jan 2020 to 12 Jan 2026.
Valërija Makijenko: Board of directors, 13 Jan 2020 to 17 Feb 2025.
Lars Engbork: Executive board, 1 Nov 2020 to 1 May 2024.
Christian Westlye Larsen: Board of directors, 4 Jan 2021 to 23 Mar 2023.
Carsten Boje Møller: Board of directors, 18 Feb 2019 to 14 Feb 2022.
Merete Hverven: Board of directors, 13 Jan 2020 to 14 Feb 2022.
Mads Næss Rebsdorf: Executive board, 15 May 2017 to 1 Nov 2020.
Øystein Moan: Board of directors, 7 Jul 2015 to 13 Jan 2020.
Yvette Hoogewerf: Board of directors, 9 Aug 2018 to 13 Jan 2020.
Steffen Torp: Board of directors, 9 Aug 2018 to 13 Jan 2020.
Valentin Thore Ringgård: Board of directors, 11 Jul 2013 to 9 Aug 2018.
Eilert Giertsen Hanoa: Board of directors, 9 Jun 2015 to 9 Aug 2018.
Eivind Gundersen: Board of directors, 7 Jul 2015 to 9 Aug 2018.
Eilert Giertsen Hanoa: Executive board, 7 Jul 2015 to 1 Mar 2018.
Mogens Munkholm Elsberg: Executive board, 1 Jun 2014 to 7 Jul 2015; Board of directors, 1 Jun 2014 to 7 Jul 2015.
Karen Slatford: Board of directors, 31 Mar 2014 to 7 Jul 2015.
Torben Frigaard Rasmussen: Executive board, 1 Oct 2008 to 1 Jun 2014; Board of directors, 1 Oct 2008 to 1 Jun 2014.
Kim Sneum Madsen: Board of directors, 11 Jul 2013 to 31 Mar 2014.
Anders Hegelund Bjørnsbo: Executive board, 10 Feb 2006 to 17 Mar 2008; Board of directors, 17 Mar 2008 to 11 Jul 2013.
Jacob Wandt: Board of directors, 17 Mar 2008 to 11 Jul 2013.
Anders Kristian Hansen: Executive board, 17 Mar 2008 to 1 Oct 2008; Board of directors, 17 Mar 2008 to 1 Oct 2008.
Lars Andersen: Board of directors, 10 Feb 2006 to 17 Mar 2008.

10 Feb 2006 to 2 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.