CVR 34217645Private limited company (ApS)Finansielle holdingselskaber (642110)VirumFounded 26 Jan 2012
CVR holds no employment figures for this company.
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.
Dandex is Danish Company Data. Connect it once and ask about BORGEN Finance ApS, 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.
Set up DandexEmployees
1
Annual report 2025, average
Gross profit
-275.7K
DKK, annual report 2025
Result
+1.2M
DKK, annual report 2025
Equity
28.1M
DKK, annual report 2025
Casper Borgen Larsen50% to under 66.7% of capital and votes, since 26 Jan 2012
Karina Borgen Larsen50% to under 66.7% of capital and votes, since 1 Jan 2026
Personal holding company
Dandex estimate: NACE 642110, owned by persons without a majority ownerCasper Borgen Larsensince 26 Jan 2012
50% to under 66.7% of capital and votesnotified 1 Jan 2026since 26 Jan 2012
50% to under 66.7% of capital and votessince 1 Jan 2026
Holders of 5% or more, from the owner register. CVR records shares in bands, not exact figures.
2 Danish companies, which own 2 more one level down.
SubsidiaryCVR 44570572100% of capital and votes
SubsidiaryCVR 38368737100% of capital and votes
Found by searching the CVR owner register (ejerregister) for BORGEN Finance ApS as owner: Danish companies it holds 5% or more of, and their holdings one level down. Foreign holdings are not in CVR.
CVR 3159693925% to under 33.3% of capital and votes15 Mar 2012 to 28 May 2021
Decided by Dandex with fixed rules from CVR and the filed annual reports, not registered by the company. Each label links to its definition.
CVR records founders at incorporation. It does not record whether they are alive or still involved.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Gross profit | -430 | -279 | -199 | -150 | -276 |
| Result for the year | +22,108 | +8,386 | +708 | +915 | +1,211 |
| Equity | 26,706 | 34,091 | 27,550 | 27,435 | 28,146 |
| Total assets | 27,057 | 34,442 | 27,565 | 27,731 | 28,221 |
| Employees (average) | Not reported | Not reported | Not reported | Not reported | 1 |
| Credit metrics (Dandex calculations) | |||||
| 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. | ||||
| 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 % 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.
Annual report 2025
1 Jan 2025 to 31 Dec 2025, published 5 May 2026
Annual report 2024
1 Jan 2024 to 31 Dec 2024, published 17 Jun 2025
Annual report 2023
1 Jan 2023 to 31 Dec 2023, published 29 Apr 2024
Annual report 2022
1 Jan 2022 to 31 Dec 2022, published 21 Mar 2023
Annual report 2021
1 Jan 2021 to 31 Dec 2021, published 26 Apr 2022
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).
The rows marked Pro on this page hold values in the Pro plan. For BORGEN Finance ApS, that is:
Have Pro? Sign in to see the values on this page.
Each registered value from the day it took effect, newest first.
From CVR, read 12 Nov 2026. Text such as the signing rule and purpose is shown as registered.
9 registrations, newest first. As published by Erhvervsstyrelsen, in Danish, with people's street addresses cut to postcode and city.
Revision:
Fratrådte:
Ecovis Danmark statsautoriseret revisionsinteressentskab, den 17.04.2026.
Tiltrådte:
CVR-NR. 19263096 inforevision statsautoriseret revisionsaktieselskab, Buddingevej 312, 2860 Søborg, den 17.04.2026.
Revision:
Fratrådte:
BAKER TILLY DENMARK GODKENDT REVISIONSPARTNERSELSKAB, den 19.05.2025.
Tiltrådte:
CVR-NR. 28939523 Ecovis Danmark statsautoriseret revisionsinteressentskab, Sct Knudsgade 2, 2., 4100 Ringsted, den 19.05.2025.
Vedtægter ændret: 18.03.2021
Nyt navn: BORGEN Finance ApS
Nye binavne: C-L Holding ApS, CBL Finance ApS
Formål ændret: Selskabets formål er besiddelse af aktier og anparter i helt eller delvist ejede datterselskaber, besidde børsnoteredesom ikke-børsnoterede værdipapirer og fordringer samt al virksomhed, som er beslægtet hermed.
Revision:
Fratrådte:
Ecovis Danmark statsautoriseret revisionsinteressentskab, den 05.02.2021.
Tiltrådte:
CVR-NR. 35257691 BAKER TILLY DENMARK GODKENDT REVISIONSPARTNERSELSKAB, Poul Bundgaards Vej 1, 1. sal, 2500 Valby, den 05.02.2021.
Vedtægter ændret: 15.05.2018
Formål ændret: Selskabets formål er at være holdingselskab for Byens Tag og Facade A/S samt anden i denne forbindelse hermed stående eller afledt virksomhed.
Ny adresse: Kaningårdsvej 41, 2830 Virum
Ny kommune: Lyngby-Taarbæk
Revision:
Udtrådt af revisionen:
CVR-NR. 19000435 TIMEVISION BRØNDBY GODKENDT REVISIONSAKTIESELSKAB, den 26.11.2013.
Indtrådt i revisionen:
Ecovis Danmark statsautoriseret revisionsinteressentskab, Nørregade 6B, 4100 Ringsted, den 26.11.2013.
Ny adresse:
c/o Byens Tag og Facade A/S, Bådehavnsgade 12, 2450 København SV.
Stiftelsesdato:
26.01.2012.
Seneste vedtægtsdato:
26.01.2012.
Kapital:
kr. 80.000,00.
Indbetalingsmåde:
Indbetalt kontant kr. 80.000,00 til kurs 125,00.
Stifter:
Casper Larsen, den 26.01.2012.
Direktion:
Casper Larsen, den 26.01.2012.
Selskabet tegnes af 1 direktør.
Revision:
CVR-NR. 19000435 TIMEVISION BRØNDBY GODKENDT REVISIONSAKTIESELSKAB, Park Allé 295, 2., 2605 Brøndby, den 26.01.2012.
Første regnskabsår:
26.01.2012 - 31.12.2012.
Regnskabsår:
01.01 - 31.12.
1 registered in CVR.
P-number 1017437840Kaningårdsvej 41, 2830 Virum
