Thorco Projects ApS (CVR 37745324) Company Profile

Ownership

Havnegade Capital ApS
CVR 37463744100% of capital and votessince 11 Jul 2016

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

Former owners (1)

Thorco Management A/S
CVR 37463760100% of capital and votes24 May 2016 to 10 Jul 2016

Control Chain

Ultimate controller
Christian Nicholas Rosenkrantz Stadil
Holds 100% of capital and votes in THORNICO HOLDING A/S, since 9 Jul 2024
Capital100%
Votes100%
Holding company
THORNICO HOLDING A/S
CVR 35258000Public limited company (A/S)
Holds 100% of capital and votes in THORNICO A/S, since 10 Jun 2013
Capital100%
Votes100%
Holding company
THORNICO A/S
CVR 15960205Public limited company (A/S)
Holds 100% of capital and votes in Havnegade Capital ApS, since 17 Feb 2016
Capital100%
Votes100%
Holding company
Havnegade Capital ApS
CVR 37463744Private limited company (ApS)
Holds 100% of capital and votes in Thorco Projects ApS, since 11 Jul 2016
Capital100%
Votes100%
This company
Thorco Projects ApS
CVR 37745324

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

Thorco Projects ApS holds no Danish company now.

Found by searching the CVR owner register (ejerregister) for Thorco Projects 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)

Thorco Capital III ApS
CVR 37557463100% of capital and votes24 May 2016 to 19 Apr 2023

People

Current (1)

Thor StadilExecutive board since 24 May 2016

Founders (1)

THOR SHIPPING A/SFounded 24 May 2016

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

Former (9)

Jesper Malik Møller RingsholmExecutive board 1 Jul 2023 to 6 Sep 2023, Board of directors 15 Jun 2018 to 6 Sep 2023
Thomas Nørballe MikkelsenExecutive board 11 Jul 2016 to 1 Jul 2023
Peter Nørgaard JensenBoard of directors 7 May 2021 to 31 May 2023
Marianne ScheldeBoard of directors 12 Jun 2020 to 6 Sep 2023
Ejner Kiel BonderupBoard of directors 12 Jun 2020 to 7 May 2021
Jan Egtved KnudsenBoard of directors 15 Jun 2018 to 12 Jun 2020
Ronald Lambertus Maria BouwensBoard of directors 12 Jun 2020 to 6 Sep 2023
Ernesto Walter Schonbrod BrauhardtBoard of directors 11 Jul 2016 to 15 Jun 2018
Ronald Lambertus Maria BouwensBoard of directors 11 Jul 2016 to 15 Jun 2018

Network

Roles Over Time

Thor Stadil: Executive board, 24 May 2016 to today; Board of directors, 11 Jul 2016 to 12 Jun 2020.

24 May 2016 to 4 Nov 2026.

Former (9)

Jesper Malik Møller Ringsholm: Board of directors, 15 Jun 2018 to 6 Sep 2023; Executive board, 1 Jul 2023 to 6 Sep 2023.
Marianne Schelde: Board of directors, 12 Jun 2020 to 6 Sep 2023.
Ronald Lambertus Maria Bouwens: Board of directors, 12 Jun 2020 to 6 Sep 2023.
Thomas Nørballe Mikkelsen: Executive board, 11 Jul 2016 to 1 Jul 2023.
Peter Nørgaard Jensen: Board of directors, 7 May 2021 to 31 May 2023.
Ejner Kiel Bonderup: Board of directors, 12 Jun 2020 to 7 May 2021.
Jan Egtved Knudsen: Board of directors, 15 Jun 2018 to 12 Jun 2020.
Ernesto Walter Schonbrod Brauhardt: Board of directors, 11 Jul 2016 to 15 Jun 2018.
Ronald Lambertus Maria Bouwens: Board of directors, 11 Jul 2016 to 15 Jun 2018.

11 Jul 2016 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

EmployeesFTE

Sep 2023, monthly: 1 employee, 1 FTE

Show as Table

Registry headcount, Oct 2019 to Sep 2023, oldest left to newest right
Period	Oct 2019	Nov 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	May 2021	Jun 2021	Jul 2021	Aug 2021	Sep 2021	Oct 2021	Nov 2021	Dec 2021	Jan 2022	Feb 2022	Mar 2022	Apr 2022	May 2022	Jun 2022	Jul 2022	Aug 2022	Sep 2022	Oct 2022	Nov 2022	Dec 2022	Jan 2023	Feb 2023	Mar 2023	Apr 2023	May 2023	Jun 2023	Jul 2023	Aug 2023	Sep 2023
Employees	1	1	31	29	29	30	29	29	29	29	28	28	28	27	27	27	24	23	23	24	21	27	22	21	22	19	21	21	21	21	27	21	21	22	22	22	22	21	19	19	18	18	24	30	3	1	1
FTE	1	1	28	27	27	29	28	28	27	28	27	27	26	26	26	25	21	22	22	22	20	20	20	20	20	18	19	19	19	19	20	19	19	20	20	20	20	20	18	18	17	17	18	19	3	1	1
Series	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. Monthly Oct 2019 to Sep 2023.

Latest Sep 2023, published 20 Nov 2023. Source: CVR employment series (Årsbeskæftigelse, Kvartalsbeskæftigelse, Månedsbeskæftigelse).

Financials

Annual report figures by year, USD thousands
Metric	2021	2022	2023	2024	2025
Revenue	418,082	439,654	91,929	0	Not reported
Gross profit	Not reported	Not reported	Not reported	Not reported	-1,739
Operating profit	+56,124	+44,983	+73,102	+2,452	Not reported
Result for the year	+40,821	+38,615	+55,158	+2,849	-595
Equity	43,374	53,072	6,208	9,057	1,112
Total assets	90,751	98,634	33,546	11,161	2,224
Employees (average)	29	32	14	0	0
Credit metrics (Dandex calculations)
Revenue growth (omsætningsvækst)	178.4%	5.2%	-79.1%	-100%	Not reported
EBIT margin (overskudsgrad)	13.4%	10.2%	79.5%	n.m.^{note 1}	Not reported
EBITDA	56,261	44,988	73,102	Not reported^{note 2}	Not reported^{note 2}
EBITDA margin	13.5%	10.2%	79.5%	n.m.^{note 1}	Not reported
Employee growth (vækst i antal ansatte)	-25.6%	10.3%	-56.3%	-100%	n.m.^{note 3}
Net interest-bearing debt (NIBD, nettorentebærende gæld)	-5,240^{note 4}	-2,819^{note 4}	-6,775^{note 4}	-3,098^{note 4}	-48^{note 4}
Gearing, NIBD / EBITDA	Net cash^{note 4}	Net cash^{note 4}	Net cash^{note 4}	Not reported^{note 2}	Not reported^{note 2}
ROIC (afkast af investeret kapital)	195.5%^{note 4}	85.9%^{note 4}	221%^{note 4}	70.8%^{note 5}	-38.6%^{note 6}
Capex (investeringer i anlægsaktiver)	0	Not reported^{note 7}	0^{note 8}	Not reported^{note 9}	Not reported^{note 9}
Capex % of sales (investeringer i procent af omsætningen)	0%	Not reported^{note 7}	0%^{note 8}	n.m.^{note 1}	Not reported
FCFF / EBITDA (pengestrømskonvertering)	71.8%^{note 10}	Not reported^{note 11}	Not reported^{note 11}	Not reported	Not reported
NIBD incl. group and owner balances (NIBD inkl. koncern- og ejermellemværender)	-47,419^{note 4}	-73,177^{note 4}	-27,615^{note 4}	-10,905^{note 4}	-2,099^{note 4}

USD 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. Group figures (koncern).

1 n.m.: revenue not positive
2 no depreciation line filed
3 n.m.: the year before is not positive
4 no interest-bearing debt reported
5 Dandex estimate: statutory 22% used: effective rate outside 0 to 40%; no interest-bearing debt reported
6 Dandex estimate: EBIT rebuilt from profit before tax and financial items; statutory 22% used: profit before tax not positive; no interest-bearing debt reported
7 disposals exceed investment
8 Dandex estimate: capex from the balance sheet change plus D&A
9 no capex filed
10 Dandex estimate: interest paid estimated from finance expenses
11 no capex in the cash flow statement

Annual Reports

Annual report 2025
1 Jan 2025 to 31 Dec 2025, published 8 Jun 2026
XHTML
Annual report 2024
1 Jan 2024 to 31 Dec 2024, published 19 Jun 2025
PDF XHTML
Annual report 2023
1 Jan 2023 to 31 Dec 2023, published 14 Jun 2024
PDF
Annual report 2022
1 Jan 2022 to 31 Dec 2022, published 27 Apr 2023
PDF
Annual report 2021
1 Jan 2021 to 31 Dec 2021, published 1 Jun 2022
PDF

Financials

Changes

All changes

19 Oct 2026
Thorco Projects ApS has changed ownership. A new strategy and new needs can be expected.
Signal, a Dandex estimate. Lapses 30 Dec 2026.
1 Sep 2026
Ownership change
Thorco Projects ApS (CVR 37745324) har foretaget ejerskifte pr. 1. september 2026: 2 indtrådt.
7 May 2021
Director change
Thorco Projects ApS (CVR 37745324) har foretaget direktørskifte pr. 7. maj 2021: 1 indtrådt.
12 Jun 2020
Director change
Thorco Projects ApS (CVR 37745324) har foretaget direktørskifte pr. 12. juni 2020: 3 indtrådt.
15 Jun 2018
Director change
Thorco Projects ApS (CVR 37745324) har foretaget direktørskifte pr. 15. juni 2018: 2 indtrådt.
11 Jul 2016
Director change
Thorco Projects ApS (CVR 37745324) har foretaget direktørskifte pr. 11. juli 2016: 4 indtrådt.

Changes

Registry Facts

Signing rule (Tegningsregel): Selskabet tegnes af Direktøren.since 6 Sep 2023
Purpose (Formål): Selskabets formål er investering i aktiver såsom fast ejendom og værdipapirer foruden opkøb helt eller delvis af driftsselskaber udenfor skibsbranchen.since 6 Sep 2023
Audit opted out (Revision fravalgt): Nosince 24 May 2016
Articles of association last changed (Seneste vedtægtsdato): 6 Sep 2023
Share classes (Kapitalklasser): Nosince 5 Nov 2019
Owners under 5% registered (Ejerregistrering under 5 procent): Nosince 15 Jul 2016

Share Capital

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

5 Nov 20198,200,000 DKK+1,500,000
11 Jul 20166,700,000 DKK+6,650,000
24 May 201650,000 DKKEarliest in CVR

Mergers and Demergers

5 Nov 2019
Merger (Fusion), as the continuing company (Fortsættende selskab)
- Thorco Management A/SCVR 37463760, ceasing company, dissolved after merger

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

Registry Facts

Registrations (Registreringer)

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

1 Sep 2026
Audit change
Revision:
Fratrådte:
DELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB, den 27.08.2026.
Tiltrådte:
CVR-NR. 33771231 PRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB, Munkebjergvænget 1, 3., 5230 Odense M, den 27.08.2026.
6 Sep 2023
People change Conversion
Virksomheden er omdannet til et anpartsselskab med CVR-NR. 37745324
Vedtægter ændret: 06.09.2023
Nyt navn: Thorco Projects ApS
Slettede binavne: Thorco Chartering A/S, Thorco Project A/S, Thorco Management A/S
Bestyrelse:
Fratrådte:
Show the full announcement
Jesper Malik Møller Ringsholm, den 06.09.2023, Marianne Schelde, den 06.09.2023, Ronald Lambertus Maria Bouwens, (formand), den 06.09.2023.
Direktion:
Fratrådte:
Jesper Malik Møller Ringsholm, (adm. dir), den 06.09.2023.
Tiltrådte:
Thor Stadil, den 06.09.2023.
Selskabet tegnes af Direktøren.
Formål ændret: Selskabets formål er investering i aktiver såsom fast ejendom og værdipapirer foruden opkøb helt eller delvis af driftsselskaber udenfor skibsbranchen.
7 Jul 2023
People change
Bestyrelse:
Fratrådte:
Ronald Lambertus Maria Bouwens, den 01.07.2023.
Tiltrådte:
Ronald Lambertus Maria Bouwens, (formand), den 01.07.2023.
Direktion:
Show the full announcement
Fratrådte:
Thomas Nørballe Mikkelsen, (adm. dir), den 01.07.2023.
Tiltrådte:
Jesper Malik Møller Ringsholm, (adm. dir), den 01.07.2023.
31 May 2023
People change
Bestyrelse:
Fratrådte:
Peter Nørgaard Jensen, den 31.05.2023.
Tiltrådte:
Jesper Malik Møller Ringsholm, den 31.05.2023.
12 May 2021
People change
Bestyrelse:
Fratrådte:
Ejner Kiel Bonderup, (formand), den 07.05.2021.
Tiltrådte:
Peter Nørgaard Jensen, den 07.05.2021.
10 Nov 2020
Other
Vedtægter ændret: 05.10.2020
Selskabet tegnes af den Administrerende Direktør og et bestyrelsesmedlem i forening, eller af to bestyrelsesmedlemmer i forening.
16 Jun 2020
People change
Bestyrelse:
Fratrådte:
Jan Egtved Knudsen, den 12.06.2020, Jesper Malik Møller Ringsholm, den 12.06.2020, Thor Stadil, (formand), den 12.06.2020.
Tiltrådte:
Ejner Kiel Bonderup, (formand), den 12.06.2020, Marianne Schelde, den 12.06.2020, Ronald Lambertus Maria Bouwens, den 12.06.2020.
27 Jan 2020
Audit change
Revision:
Fratrådte:
PRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB, den 29.11.2019.
Tiltrådte:
CVR-NR. 33963556 DELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB, Weidekampsgade 6, 2300 København S, den 29.11.2019.
17 Jan 2020
Merger or demerger completed
Erhvervsstyrelsen har modtaget oplysning om, at der er truffet beslutning om nedenstående fusion.
Virksomheden er fusioneret med CVR-nummer: 37463760 Thorco Management A/S, der samtidigt er opløst.
Vedtægter ændret: 05.11.2019
Nyt binavn: Thorco Management A/S
Kapitalforhøjelsen er besluttet den 05.11.2019.
kr. 1.500.000,00, indbetalt ved fusion, kurs 653,39.
Kapitalen udgør herefter kr. 8.200.000,00.
4 Oct 2019
Merger or demerger announced
Erhvervsstyrelsen har modtaget fusionsplan for den påtænkte fusion mellem CVR-nummer: 37745324 Thorco Projects A/S (fortsættende), der tillige driver virksomhed under navnene Thorco Chartering A/S, Thorco Project A/S og CVR-nummer: 37463760 Thorco Management A/S (ophørende).
Der er endvidere modtaget erklæring fra vurderingsmændene om, at kreditorerne i CVR-nummer: 37745324 Thorco Projects A/S og CVR-nummer: 37463760 Thorco Management A/S må antages at være tilstrækkeligt sikrede efter fusionen.

Show 5 more

20 Jun 2019
Address change
Ny adresse: Svanemøllevej 17, 2100 København Ø
Ny kommune: København
11 Oct 2018
People change
Bestyrelse:
Fratrådte:
Ernesto Walter Schonbrod Brauhardt, den 15.06.2018, Ronald Lambertus Maria Bouwens, den 15.06.2018.
Tiltrådte:
Jan Egtved Knudsen, den 15.06.2018, Jesper Malik Møller Ringsholm, den 15.06.2018.
21 Sep 2016
Address change Other
Vedtægter ændret: 19.09.2016
Nyt navn: Thorco Projects A/S
Ny adresse: Tuborg Parkvej 10, 2900 Hellerup
Nyt binavn: Thorco Project A/S
27 Jul 2016
Capital change Conversion People change Other
Virksomheden er omdannet til et aktieselskab med CVR-NR. 37745324
Vedtægter ændret: 11.07.2016
Nyt navn: Thorco Project A/S
Nyt binavn: Thorco Chartering A/S
Kapitalforhøjelsen er besluttet den 11.07.2016.
kr. 6.650.000,00, indbetalt ved konvertering af gæld, kurs 100,00.
Show the full announcement
Ledelsen har erklæret sig for værdier i forbindelse med kapitalforhøjelsen.
Kapitalen udgør herefter kr. 6.700.000,00.
Bestyrelse:
Tiltrådte:
Thor Stadil (formand), den 11.07.2016, Ernesto Walter Schonbrod Brauhardt, den 11.07.2016, Ronald Lambertus Maria Bouwens, den 11.07.2016.
Direktion:
Fratrådte:
Thor Stadil (adm. dir), den 11.07.2016.
Tiltrådte:
Thomas Nørballe Mikkelsen (adm. dir), den 11.07.2016.
Selskabet tegnes af to bestyrelsesmedlemmer i forening, af Bestyrelsesformanden alene eller af en direktør alene.
Formål ændret: Selskabets formål er at drive skibsfart, befragtning og øvrig shippingvirksomhed samt anden stående virksomhed som efter bestyrelsens skøn står i forbindelse hermed, herunder men ikke begrænset til, at selskabet kan indgå aftaler om køb og salg af værdipapirer, valuta og derivatforretninger af enhver art og kombinationer heraf.The Object of the Company is to carry on the business of ship owning, chartering and other shipping activities together with any other business which in judgment of the Board of Directors is related, hereunder but not limited to the Company can enter into agreements of sale and purchase of securities, foreign exchange and derivatives of any kind and any combinations of these.
25 May 2016
New company
Stiftelsesdato: 24.05.2016.
Virkningsdato: 24.05.2016.
Seneste vedtægtsdato: 24.05.2016.
Kapital:
kr. 50.000,00.
Kapitalklasser: Nej
Show the full announcement
Indbetalingsmåde: Indbetalt kontant kr. 50.000,00 til kurs 100,00, fuldt indbetalt.
Stifter:
CVR-NR. 10134463 THORCO SHIPPING A/S, Tuborg Parkvej 10, 1., 2900 Hellerup, den 24.05.2016.
Direktion:
Thor Stadil (adm. dir), den 24.05.2016.
Selskabet tegnes af et medlem af direktionen alene..
Revision:
CVR-NR. 33771231 PRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB, Strandvejen 44, 2900 Hellerup, den 24.05.2016.
Første regnskabsår:
24.05.2016 - 31.12.2016.
Regnskabsår:
01.01 - 31.12.
Formål:
Selskabets formål er investering i og drift af aktiver og virksomheder med relation til skibe og skibsvirksomhed samt anden stående virksomhed, som efter bestyrelsens skøn står i forbindelse hermed.The Object of the Company is to invest in and carry on the business of assets and companies related to ships and shipping activites and other business which in judgment of the Board of Directors is related

Registrations (Registreringer)

Registration

Address: Svanemøllevej 17
2100 København Ø
København Municipality
CVR record last changed: 25 Oct 2026
Data read: 4 Nov 2026

Production Units

1 registered in CVR.

Thorco Projects ApS
P-number 1021447826Svanemøllevej 17, 2100 København Ø

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

Control Chain

Owned Companies

People

Current (1)

Founders (1)

Network

Roles Over Time

Network

Headcount

Financials

Annual Reports

Financials

Changes

Changes

Registry Facts

Share Capital

Mergers and Demergers

Registry Facts

Registrations (Registreringer)

Registrations (Registreringer)

Registration

Production Units

Dandex in Your Own Tools

Who Is Behind It

Control Chain

Owned Companies

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

Registry Facts

Share Capital

Mergers and Demergers

Registrations (Registreringer)

Production Units

Network

Owners and the control chain

Its people and their other companies