CVR 42896136Private limited company (ApS)Administrations- og kontorserviceaktiviteter (821000)SøborgFounded 9 Dec 2021
Employees
11
CVR registry, Aug 2026
+2 (+22.2%) over 12 months
Revenue
1.1B
DKK, annual report 2025
+23% on 2024
Result
-39.5M
DKK, annual report 2025
Equity
247.2M
DKK, annual report 2025
Dandex has recorded no changes to this company since it began following the register.
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.
Dandex is Danish company data. Connect it once and ask about Init Group 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 DandexAX VI INV6 Holding I ApSCVR 42896098, 100% of capital and votes, since 9 Dec 2021
Knut Akselvollsince 7 Aug 2023
CVR 42896098100% of capital and votessince 9 Dec 2021
Holders of 5% or more, from the owner register. CVR records shares in bands, not exact figures.
Ultimate controller
CVR 40754474Limited partnership (K/S)
Holds 50% to under 66.7% of capital and votes in AX VI INV6 Holding III ApS, since 9 Dec 2021
Holding company
CVR 42895652Private limited company (ApS)
Holds 50% to under 66.7% of capital and votes in AX VI INV6 Holding II ApS, since 9 Dec 2021
Holding company
CVR 42895954Private limited company (ApS)
Holds 100% of capital and votes in AX VI INV6 Holding I ApS, since 9 Dec 2021
Holding company
CVR 42896098Private limited company (ApS)
Holds 100% of capital and votes in Init Group ApS, since 9 Dec 2021
This company
Init Group ApS
CVR 42896136
2 Danish companies, which own 2 more one level down.
SubsidiaryCVR 19256707100% of capital and votes
SubsidiaryCVR 39675625100% of capital and votes
SubsidiaryCVR 38584995100% of capital and votes
SubsidiaryCVR 39931370100% of capital and votes
Found by searching the CVR owner register (ejerregister) for Init Group ApS as owner: Danish companies it holds 5% or more of, and their holdings one level down. Foreign holdings are not in CVR.
CVR records founders at incorporation. It does not record whether they are alive or still involved.
9 Dec 2021 to 2 Nov 2026.
9 Dec 2021 to 2 Nov 2026.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue | 319,515 | 653,148 | 864,675 | 1,063,147 |
| Gross profit | 182,989 | Not reported | Not reported | Not reported |
| Operating profit | -7,765 | -3,248 | -37,587 | +28,326 |
| Result for the year | -25,493 | -70,203 | -103,407 | -39,459 |
| Equity | 362,863 | 352,866 | 266,105 | 247,174 |
| Total assets | 766,071 | 1,041,023 | 1,118,431 | 1,136,551 |
| Employees (average) | 297 | 546 | 697 | 718 |
| Credit metrics (Dandex calculations) | ||||
| Revenue growth (omsætningsvækst) | Not reportednote 1 | 104.4% | 32.4% | 23% |
| EBIT margin (overskudsgrad) | -2.4% | -0.5% | -4.4% | 2.7% |
| EBITDA | 30,083 | 69,476 | 64,800 | 141,108 |
| EBITDA margin | 9.4% | 10.6% | 7.5% | 13.3% |
| Employee growth (vækst i antal ansatte) | Not reportednote 1 | 83.8% | 27.7% | 3% |
| Net interest-bearing debt (NIBD, nettorentebærende gæld) | 237,355 | 460,811 | 590,596 | 554,876 |
| Gearing, NIBD / EBITDA | 7.9x | 6.6x | 9.1x | 3.9x |
| ROIC (afkast af investeret kapital) | Not reportednote 1 | -0.4%note 2 | -3.5%note 2 | 2.7%note 2 |
| Capex (investeringer i anlægsaktiver) | 593,965 | 92,197 | 19,316 | 10,669 |
| Capex % of sales (investeringer i procent af omsætningen) | 185.9% | 14.1% | 2.2% | 1% |
| FCFF / EBITDA (pengestrømskonvertering) | Not reported | -105.9%note 2 | 77.3%note 2 | 56.6%note 2 |
DKK thousands. Annual reports via XBRL. Employees are the annual report's average and may cover a group. Not every period is a full year: 2022 covers 13 months (9 Dec 2021 to 31 Dec 2022). Changes against it compare periods of different length.
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 registered in CVR.
P-number 1027802377Gladsaxevej 376, 2860 Søborg
