Morten N Holding ApS (CVR 32262007) Company Profile

Ownership

Morten Louw Nielsen
100% of capital and votessince 14 Jun 2009

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

Owned Companies

1 Danish company.

IPA Innovation ApS
Subsidiary or joint ventureCVR 4120144450% to under 66.7% of capital and votes

Found by searching the CVR owner register (ejerregister) for Morten N Holding 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 (1)

TPA Capital ApS
CVR 4117439033.3% to under 50% of capital and votes17 Feb 2020 to 31 May 2026

Dandex Estimates

Legal ownership resolution (Ejerforholdenes opløsning): Ends at a personThe chain of majority owners ends at a person, directly; legal owners in the CVR owner register only. Dandex estimate, rule v2, computed 10 Nov 2026.
Control tenure (Ejerskabsperiode): Over 10 yearsControlled by a person registered as a founder for 17.4 years, from the latest day an owner in the control chain took control. Dandex estimate, rule v2, computed 10 Nov 2026.
Group position (Koncernforhold): No parent, and a majority holding in one or more Danish companiesControlled by a person; it holds 50% or more of 1 Danish company. Dandex estimate, rule v1, computed 10 Nov 2026.
Holding company assets (Holdingselskabets aktiver): Not determinedLines outside the four classes are 56.6% of total assets in the 2025 report. Dandex estimate, rule v1, computed 10 Nov 2026.
Signing authority, structured (Tegningsregel, struktureret): One person can bind the companyThe registered signing rule lets one person bind the company. Dandex estimate, rule v2, computed 10 Nov 2026.

Decided by Dandex with fixed rules from the CVR register and the filed annual reports, not registered by the company. Each label links to its definition.

People

Current (1)

Morten Louw NielsenExecutive board since 14 Jun 2009

Founders (1)

Morten Louw NielsenFounded 14 Jun 2009, holds a current role

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

Network

Roles Over Time

Morten Louw Nielsen: Executive board, 14 Jun 2009 to today.

14 Jun 2009 to 10 Nov 2026.

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

Network

Headcount

EmployeesFTE

Apr 2021, monthly: 1 employee, 0 FTE

Show as Table

Registry headcount, 2009 to Apr 2021, oldest left to newest right
Period	2009	Q1 2010	Q2 2010	Q3 2010	Q4 2010	2011	2012	2013	2014	Jan 2015	Feb 2015	Mar 2015	Apr 2015	May 2015	Jun 2015	Jul 2015	Aug 2015	Sep 2015	Oct 2015	Nov 2015	Dec 2015	Jan 2016	Feb 2016	Mar 2016	Apr 2016	May 2016	Jun 2016	Jul 2016	Aug 2016	Sep 2016	Oct 2016	Nov 2016	Dec 2016	Jan 2017	Feb 2017	Mar 2017	Apr 2017	May 2017	Jun 2017	Jul 2017	Aug 2017	Sep 2017	Oct 2017	Nov 2017	Dec 2017	Jan 2018	Feb 2018	Mar 2018	Apr 2018	May 2018	Jun 2018	Jul 2018	Aug 2018	Sep 2018	Oct 2018	Nov 2018	Dec 2018	Jan 2019	Feb 2019	Mar 2019	Apr 2019	May 2019	Jun 2019	Jul 2019	Aug 2019	Sep 2019	Oct 2019	Nov 2019	Dec 2019	Jan 2020	Feb 2020	Mar 2020	Apr 2020	May 2020	Jun 2020	Jul 2020	Aug 2020	Sep 2020	Oct 2020	Nov 2020	Dec 2020	Jan 2021	Feb 2021	Mar 2021	Apr 2021
Employees	2	No count	No count	No count	No count	3	3	4	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	3	3	3	3	3	3	3	3	3	3	3	3	3	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	1	1
FTE	1	2	2	2	2	2	3	3	3	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	1	1	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2	0	0	0	0	0	0
Series	Annual	Quarterly	Quarterly	Quarterly	Quarterly	Annual	Annual	Annual	Annual	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	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	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 2009 and 2011 to 2014; quarterly Q1 2010 to Q4 2010; monthly Jan 2015 to Apr 2021.

CVR changed its monthly method in Oct 2019, so a step at that month need not be real.

Latest Apr 2021, published 6 Jul 2021. Source: CVR employment series (Årsbeskæftigelse, Kvartalsbeskæftigelse, Månedsbeskæftigelse).

Financials

Annual report figures by year, DKK thousands
Metric	2021	2022	2023	2024	2025
Gross profit	178	60	-15	-16	-14
Operating profit	+159	+56	-15	-16	Not reported
Result for the year	+115	+292	+15	+37	-32
Equity	1,303	1,237	1,003	890	658
Total assets	1,414	1,283	1,027	921	1,465
Employees (average)	0	0	0	0	0
Credit metrics (Dandex calculations)
Gross profit growth (vækst i bruttofortjeneste)	-68.6%	-66.3%	-125.4%	n.m.^{note 1}	n.m.^{note 1}
EBITDA	165	56	Not reported^{note 2}	Not reported^{note 2}	Not reported^{note 2}
EBITDA / gross profit (EBITDA i procent af bruttofortjenesten)	92.4%	92.7%	n.m.^{note 3}	n.m.^{note 3}	n.m.^{note 3}
Net interest-bearing debt (NIBD, nettorentebærende gæld)	-1,013^{note 4}	-552^{note 4}	-49^{note 4}	-321^{note 4}	638
Gearing, NIBD / EBITDA	Net cash^{note 4}	Net cash^{note 4}	Not reported^{note 2}	Not reported^{note 2}	Not reported^{note 2}
Interest coverage (rentedækning)	15.4x	8x	n.m.^{note 5}	Not reported^{note 6}	-0.5x^{note 7}
Adjusted equity ratio (justeret soliditetsgrad)	92.1%^{note 8}	96.4%^{note 8}	97.6%^{note 8}	96.6%^{note 8}	44.9%^{note 8}
ROIC (afkast af investeret kapital)	88%^{note 4}	8.7%^{note 4}	-1.5%^{note 9}	-1.6%^{note 4}	-1.2%^{note 10}
Capex (investeringer i anlægsaktiver)	0^{note 11}	0^{note 11}	Not reported^{note 12}	Not reported^{note 12}	Not reported^{note 12}
NIBD incl. group and owner balances (NIBD inkl. koncern- og ejermellemværender)	-1,013^{note 4}	-552^{note 4}	-49^{note 4}	-321^{note 4}	151

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. 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 n.m.: the year before is not positive
2 no depreciation line filed
3 n.m.: gross profit not positive
4 no interest-bearing debt reported
5 n.m.: finance expenses are 0
6 no finance expenses filed
7 Dandex estimate: EBIT rebuilt from profit before tax and financial items
8 Dandex estimate: no intangible or deferred tax assets to deduct
9 Dandex estimate: statutory 22% used: profit before tax not positive; no interest-bearing debt reported
10 Dandex estimate: EBIT rebuilt from profit before tax and financial items; statutory 22% used: profit before tax not positive
11 Dandex estimate: capex from the balance sheet change plus D&A
12 no capex filed

Annual Reports

Annual report 2025
1 Jan 2025 to 31 Dec 2025, published 30 Jun 2026
XHTML
Annual report 2024
1 Jan 2024 to 31 Dec 2024, published 16 Jun 2025
XHTML
Annual report 2023
1 Jan 2023 to 31 Dec 2023, published 26 Jun 2024
XHTML
Annual report 2022
1 Jan 2022 to 31 Dec 2022, published 7 Mar 2023
XHTML
Annual report 2021
1 Jan 2021 to 31 Dec 2021, published 29 Apr 2022
XHTML

Financials

Changes

All changes

19 Oct 2026
Morten N Holding ApS has changed ownership. A new strategy and new needs can be expected.
Signal, a Dandex estimate. Lapses 23 Jan 2027.
19 Oct 2026
Morten N Holding ApS has changed industry. A new direction may mean new needs.
Signal, a Dandex estimate. Lapses 24 Dec 2026.
25 Sep 2026
Name change
Morten N Holding ApS (CVR 32262007) har skiftet navn fra "LOUW IT ApS" til "Morten N Holding ApS" pr. 25. september 2026.
25 Sep 2026
Ownership change
Morten N Holding ApS (CVR 32262007) har foretaget ejerskifte pr. 25. september 2026: 1 indtrådt.
25 Sep 2026
Industry change
Morten N Holding ApS (CVR 32262007) har ændret branche fra "Andre IT- og computerserviceaktiviteter" (629000) til "Ikke-finansielle holdingselskaber" (642120) pr. 25. september 2026.
14 Jun 2009
Director change
Morten N Holding ApS (CVR 32262007) har foretaget direktørskifte pr. 14. juni 2009: 1 indtrådt.

Changes

Registry Facts

Signing rule (Tegningsregel): Selskabet tegnes af en direktør alene.since 25 Sep 2026
Purpose (Formål): Selskabets formål er at eje kapitalandele i andre selskaber samt at forvalte og finansiere disse.since 24 Sep 2026
Audit opted out (Revision fravalgt): Yessince 14 Jun 2009
Articles of association last changed (Seneste vedtægtsdato): 24 Sep 2026
Owners under 5% registered (Ejerregistrering under 5 procent): Nosince 16 Jun 2015

Share Capital

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

14 Jun 2009125,000 DKKEarliest in CVR

From CVR, read 10 Nov 2026. Text such as the signing rule and purpose is shown as registered.

Registry Facts

Registrations (Registreringer)

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

25 Sep 2026
Other
Vedtægter ændret: 24.09.2026
Nyt navn: Morten N Holding ApS
Slettet binavn: LOUW FOTO ApS
Selskabet tegnes af en direktør alene.
Formål ændret: Selskabets formål er at eje kapitalandele i andre selskaber samt at forvalte og finansiere disse.
28 Jun 2023
Address change
Ny adresse: Sandageren 47, 4700 Næstved
Ny kommune: Næstved
22 Sep 2021
Address change
Ny adresse: Blommehaven 59, 4600 Køge
22 Jun 2021
Address change
Ny adresse: c/o Erik og Lene Nielsen, Lidemarksvej 33, 4681 Herfølge
23 Dec 2015
Address change
Ny adresse: Svaneengen 2, 4681 Herfølge
Ny kommune: Køge
26 May 2014
Other
Ny adresse:
Husumvej 112, 2700 Brønshøj.
Ny kommune:
København.
6 Feb 2014
Other
Vedtægter ændret:
05.02.2014.
Nyt binavn: LOUW FOTO ApS.
25 Aug 2011
Other
Ny adresse:
Lindevangs Alle 3, 2000 Frederiksberg.
Ny kommune:
Frederiksberg.
15 Jun 2009
New company
Stiftelsesdato:
14.06.2009.
Seneste vedtægtsdato:
14.06.2009.
Kapital:
kr. 125.000,00.
Show the full announcement
Indbetalingsmåde:
i værdier kr. 125.000,00 til kurs 474,00.
Stifter:
Morten Louw Nielsen, den 14.06.2009.
Direktion:
Morten Louw Nielsen, den 14.06.2009.
Selskabet tegnes af direktøren.
Første regnskabsår:
01.01.2009 - 31.12.2009.
Regnskabsår:
01.01 - 31.12.

Registrations (Registreringer)

Registration

Address: Sandageren 47
4700 Næstved
Næstved Municipality
CVR record last changed: 25 Sep 2026
Data read: 10 Nov 2026

Production Units

1 registered in CVR.

Morten N Holding ApS
P-number 1015321802Sandageren 47, 4700 Næstved

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

Financials

Changes

Registry Facts

Registrations (Registreringer)

Registration

Dandex in Your Own Tools

Ownership

People

Financials

Who Is Behind It

Ownership

Owned Companies

Dandex Estimates

People

Current (1)

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

Owned Companies

Dandex Estimates

Current (1)

Founders (1)

Network

Owners and the control chain

Companies it owns

Its people and their other companies

Network

Roles Over Time

Headcount

Financials

Annual Reports

Changes

Registry Facts

Share Capital

Registrations (Registreringer)

Production Units

Network

Owners and the control chain

Companies it owns

Its people and their other companies