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

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

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

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

Financials

Annual Reports

Financials

Changes

Changes

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

Financials

Annual Reports

Changes

Production Units

Network

Owners and the control chain

Its people and their other companies