Riskpilot← Back to searchSign inGet full accessMorningtrain ApS
APSActiveCVR 33362749Rugårdsvej 55A, 1. tvComputer programming activities · NACE 6210Est. 201037 employeeswww.morningtrain.dk
Revenue 2025
DKK 21M
-1% vs 2024
EBITDA margin
5.3%
+3200% vs 2024
Equity ratio
71.3%
Financial strength
Net profit 2025
DKK 735K
+556% vs 2024
| Revenue | DKK 21M | -1% |
| EBITDA | DKK 1,1M | +3200% |
| Net profit | DKK 735K | +556% |
| Total assets | DKK 8,4M | -1% |
| Equity | DKK 6M | +14% |
| Employees | 37 | — |
Legal name
Morningtrain ApS
CVR number
33362749
Legal form
Anpartsselskab
NACE code
6210 · Computer programming activities
Founded
9. december 2010
Share capital
DKK 112.000
Employees
37 (FTE)
VAT registered
Yes
Audit selected
Yes
Last report
2025-12-31
Financial year
January – December
Signatory rights
Selskabet tegnes af en direktør
Company purpose
Selskabets formål er at drive virksomhed med computerprogrammering samt enhver i forbindelse hermed stående virksomhed.
Address
Rugårdsvej 55A, 1. tv
Phone
+4571995530
Email
mail@morningtrain.dk
Website
www.morningtrain.dk
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| Item | 2012 | 2013 | 2014 | 2015 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 52 | — | — | 297 | — | 3.025 | 4.539 | 8.080 | 11.719 | 16.233 | 22.266 | 23.629 | 20.428 | 21.270 | 21.000 |
| Staff expenses | -0 | -0 | -25 | -186 | -752 | -2.510 | -3.876 | -6.403 | -9.147 | -12.077 | -17.441 | -20.313 | -20.179 | -21.306 | -19.893 |
| EBITDA | -77 | 56 | -46 | 111 | 78 | 516 | 663 | 1.678 | 2.571 | 4.155 | 4.825 | 3.316 | 249 | -36 | 1.107 |
| Depreciation & amort. | -0 | 0 | -0 | -5 | -3 | -5 | -13 | -18 | -48 | -72 | -124 | -152 | -199 | -191 | -178 |
| EBIT | -77 | 55 | -46 | 106 | 75 | 511 | 650 | 1.660 | 2.523 | 4.083 | 4.702 | 3.164 | 50 | -227 | 929 |
| Net financials | -0 | -0 | -0 | 2 | -0 | -3 | -4 | -18 | -23 | -26 | -24 | -42 | 14 | 27 | 17 |
| Profit before tax | -77 | 55 | -46 | 108 | 75 | 508 | 646 | 1.641 | 2.501 | 4.058 | 4.678 | 3.122 | 65 | -200 | 946 |
| Tax | -19 | 14 | -12 | 26 | 18 | 116 | 151 | 387 | 530 | 891 | 1.044 | 695 | 19 | -39 | 211 |
| Net profit | -58 | 42 | -34 | 82 | 56 | 393 | 494 | 1.254 | 1.971 | 3.166 | 3.634 | 2.427 | 45 | -161 | 735 |
| Item | 2012 | 2013 | 2014 | 2015 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | 55 | 89 | 52 | 177 | 492 | 1.435 | 2.440 | 4.250 | 6.628 | 11.860 | 12.595 | 10.779 | 8.939 | 8.526 | 8.424 |
| Equity | 22 | 63 | 29 | 91 | 148 | 540 | 1.084 | 1.939 | 3.409 | 5.326 | 6.960 | 6.386 | 5.431 | 5.270 | 6.005 |
| Long-term debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Short-term debt | 33 | 25 | 23 | 86 | 344 | 885 | 1.326 | 2.282 | 2.935 | 6.313 | 5.367 | 4.044 | 3.165 | 3.084 | 2.321 |
| Total debt | 33 | 25 | 23 | 86 | 344 | 885 | 1.326 | 2.282 | 2.935 | 6.313 | 5.367 | 4.044 | 3.165 | 3.084 | 2.321 |
EBITDA margin
5.3%
This company
15.8%
Market median
-66% vs market
20122025
Equity ratio
71.3%
This company
38.2%
Market median
+87% vs market
20122025
Return on equity
12.2%
This company
18.4%
Market median
+34% vs market
20122025
Net profit margin
3.5%
This company
8.1%
Market median
-57% vs market
20122025
Asset turnover
2.49×
This company
1.12×
Market median
+122% vs market
20122025
Debt / equity
0.40×
This company
0.62×
Market median
+35% vs market
20122025
- Annual report 2025Filed via CVR / Virk · Period 2025-01-01 – 2025-12-31
- Annual report 2024Filed via CVR / Virk · Period 2024-01-01 – 2024-12-31
- Annual report 2023Filed via CVR / Virk · Period 2023-01-01 – 2023-12-31
- Annual report 2022Filed via CVR / Virk · Period 2022-01-01 – 2022-12-31
- Annual report 2021Filed via CVR / Virk · Period 2021-01-01 – 2021-12-31
- Annual report 2020Filed via CVR / Virk · Period 2020-01-01 – 2020-12-31
- Annual report 2019Filed via CVR / Virk · Period 2019-01-01 – 2019-12-31
- Annual report 2018Filed via CVR / Virk · Period 2018-01-01 – 2018-12-31
- Annual report 2017Filed via CVR / Virk · Period 2017-01-01 – 2017-12-31
- Annual report 2016Filed via CVR / Virk · Period 2016-01-01 – 2016-12-31
- Annual report 2015Filed via CVR / Virk · Period 2015-05-01 – 2015-12-31
- Annual report 2015Filed via CVR / Virk · Period 2014-05-01 – 2015-04-30
- Annual report 2014Filed via CVR / Virk · Period 2013-05-01 – 2014-04-30
- Annual report 2013Filed via CVR / Virk · Period 2012-05-01 – 2013-04-30
- Annual report 2012Filed via CVR / Virk · Period 2010-12-09 – 2012-04-30
| Name | Role | Member since | Age | Other directorships |
|---|---|---|---|---|
KM Founder | Founder | 2010 | — | — |
BR Founder | Founder | 2010 | — | — |
TM Chief Executive Officer | Chief Executive Officer | 2023 | — | — |
TD Founder | Founder | 2010 | — | — |
CC Founder | Founder | 2010 | — | — |
PL Management | Management | 2016 | — | — |
No data on file.
| Shareholder | Type | Ownership | Votes | Since |
|---|---|---|---|---|
P. Thomsen Holding ApS | Company | 15.0% | 15.0% | 2021 |
Spacechild Holding ApS | Company | 15.0% | 15.0% | 2021 |
Hugr Holding ApS | Company | 15.0% | 15.0% | 2021 |
Schadegg Brønniche Holding ApS | Company | 15.0% | 15.0% | 2021 |
Simonde og Øster Finans Holding ApS | Company | 15.0% | 15.0% | 2021 |
Martinussen & Johansen Invest ApS | Company | 10.0% | 10.0% | 2019 |
| Individual | 25.0% | 25.0% | 2014 |
Beneficial ownership (UBO) data access is restricted in Denmark as of September 2025 per the EU 6th AML Directive. Learn more.
P. Thomsen Holding ApS
Morningtrain ApS Board members of Morningtrain ApS also hold positions in 0 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Karsten Madsen | Founder | 0 companies |
| Bjarne Reuss Bonde | Founder | 0 companies |
| Thomas Mailund Østerkjerhuus | Chief Executive Officer | 0 companies |
| Tony Do | Founder | 0 companies |
| Cong Chinh Do | Founder | 0 companies |
| Peter Lund Thomsen | Management | 0 companies |