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Thorwest Development ApS
APS
Active
CVR 37832553
Skejby Vænge 143
Other software publishing · NACE 5829
Est. 2016
1 employees
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Overview
Financials
People & ownership
Related companies
Revenue 2025
DKK 68K
-43% vs 2024
EBITDA margin
38.0%
+160% vs 2024
Equity ratio
99.2%
Financial strength
Net profit 2025
DKK 9K
+120% vs 2024
EBITDA — year on year
DKK millions
0M
-0M
-1M
-1M
-1M
0M
2021
0M
0%
2022
0M
0%
2023
0M
0%
2024
0M
0%
2025
Key figures
Annual report 2025
Revenue
DKK 68K
-43%
EBITDA
DKK 26K
+160%
Net profit
DKK 9K
+120%
Total assets
DKK 104K
+1%
Equity
DKK 103K
+10%
Employees
1
—
Company information
Legal name
Thorwest Development ApS
CVR number
37832553
Legal form
Anpartsselskab
NACE code
5829 · Other software publishing
Founded
28. juni 2016
Share capital
DKK 50.000
Employees
1 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2025-09-30
Financial year
January – December
Signatory rights
Selskabet tegnes af direktionen i forening.
Company purpose
Selskabets formål er at udvikle software samt aktiviteter i tilknytning hertil og hermed efter ledelsens skøn beslægtet virksomhed.
Contact
Address
Skejby Vænge 143
Risika for professionals
Risika provides regulated workflow tools for finance, procurement and compliance teams that need monitoring, alerts and an API.
Visit risika.com
Explore
Companies in Other software publishing
Companies in Aarhus
All Denmark companies
Revenue
DKK millions
0M
0M
1M
1M
1M
0M
2021
0M
2022
1M
2023
0M
2024
0M
2025
EBITDA
DKK millions
0M
0M
1M
1M
1M
0M
2021
0M
2022
0M
2023
0M
2024
0M
2025
Income statement
DKK thousands
Item
2021
2022
2023
2024
2025
Revenue
—
129
669
119
68
Staff expenses
-0
-32
-586
-162
-42
EBITDA
68
97
82
-43
26
Depreciation & amort.
-0
-0
-0
-0
-0
EBIT
68
97
82
-43
26
Net financials
-5
-1
-2
-3
-4
Profit before tax
63
96
81
-46
22
Tax
7
29
18
-0
13
Net profit
56
67
63
-46
9
Balance sheet
DKK thousands
Item
2021
2022
2023
2024
2025
Total assets
188
191
311
103
104
Equity
86
152
141
94
103
Long-term debt
0
14
0
0
0
Short-term debt
103
24
171
9
1
Total debt
103
38
171
9
1
Financial ratios
5-year trend
EBITDA margin
38.0%
This company
15.8%
Market median
+141% vs market
2021
2025
Equity ratio
99.2%
This company
38.2%
Market median
+160% vs market
2021
2025
Return on equity
9.0%
This company
18.4%
Market median
-51% vs market
2021
2025
Net profit margin
13.8%
This company
8.1%
Market median
+70% vs market
2021
2025
Asset turnover
0.65×
This company
1.12×
Market median
-42% vs market
2021
2025
Debt / equity
0.01×
This company
0.62×
Market median
+98% vs market
2021
2025
Annual reports & filings
Annual report 2025
Filed via CVR / Virk · Period 2024-10-01 – 2025-09-30
View
PDF
Annual report 2024
Filed via CVR / Virk · Period 2023-10-01 – 2024-09-30
View
PDF
Annual report 2023
Filed via CVR / Virk · Period 2022-10-01 – 2023-09-30
View
PDF
Annual report 2022
Filed via CVR / Virk · Period 2021-10-01 – 2022-09-30
View
PDF
Annual report 2021
Filed via CVR / Virk · Period 2020-10-01 – 2021-09-30
View
PDF
Management
Actively employed in the business
Name
Role
Member since
Current (2)
JR
Jacob Rygaard Thorwest
Management
Management
2016
CR
Christian Rygaard Thorwest
Management
Management
2016
Board of directors
Non-executive oversight
No data on file.
Shareholders
As of last annual report
Shareholder
Type
Ownership
Votes
Since
C. Thorwest Holding ApS
Company
50–66.65%
50–66.65%
2016
J. Thorwest Holding aps
Company
33.33–49.99%
33.33–49.99%
2016
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Company hierarchy
J. Thorwest Holding aps
Thorwest Development ApS
(this company)
Board network connections
Board members of Thorwest Development ApS also hold positions in
0
other companies.
Person
Role here
Other companies
Jacob Rygaard Thorwest
Management
0 companies
Christian Rygaard Thorwest
Management
0 companies