Riskpilot← Back to searchSign inGet full accessFrugal Technologies ApS
APSDissolvedCVR 38568809C.A. Olesens Gade 4Engineering activities and related technical consultancy · NACE 7112Est. 201714 employees
Revenue 2025
DKK 7M
+1412% vs 2024
EBITDA margin
-57.4%
+59% vs 2024
Equity ratio
-6.3%
Financial strength
Net profit 2025
DKK -4,5M
+53% vs 2024
| Revenue | DKK 7M | +1412% |
| EBITDA | DKK -4M | +59% |
| Net profit | DKK -4,5M | +53% |
| Total assets | DKK 7,4M | -21% |
| Equity | DKK -468K | -112% |
| Employees | 14 | — |
Legal name
Frugal Technologies ApS
CVR number
38568809
Legal form
Anpartsselskab
NACE code
7112 · Engineering activities and related technical consultancy
Founded
1. april 2017
Share capital
DKK 105.167
Employees
14 (FTE)
VAT registered
Yes
Audit selected
No
Last report
2025-12-31
Financial year
January – December
Signatory rights
Selskabet tegnes af bestyrelsens formand i forening med den adm. direktør eller af den samlede bestyrelse.
Address
C.A. Olesens Gade 4
Risika for professionals
Risika provides regulated workflow tools for finance, procurement and compliance teams that need monitoring, alerts and an API.
| Item | 2018 | 2019 | 2020 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | -183 | 159 | 1.830 | 634 | 1.662 | 10.185 | 12.763 | 464 | 7.019 |
| Staff expenses | -225 | -251 | -1.053 | -996 | -1.675 | -4.519 | -7.121 | -10.244 | -11.049 |
| EBITDA | -408 | -92 | 777 | -362 | -13 | 5.667 | 5.643 | -9.780 | -4.030 |
| Depreciation & amort. | -0 | -0 | -302 | -227 | -302 | -302 | -302 | -320 | -372 |
| EBIT | -408 | -92 | 475 | -589 | -315 | 5.364 | 5.340 | -10.100 | -4.402 |
| Net financials | -0 | -1 | -376 | -6 | -39 | 64 | -304 | 189 | -126 |
| Profit before tax | -408 | -93 | 99 | -596 | -355 | 5.429 | 5.037 | -9.911 | -4.528 |
| Tax | -90 | -27 | 11 | -125 | -78 | 1.195 | 1.113 | -339 | -0 |
| Net profit | -318 | -67 | 88 | -471 | -277 | 4.233 | 3.924 | -9.572 | -4.528 |
| Item | 2018 | 2019 | 2020 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Total assets | 1.577 | 4.539 | 5.398 | 4.035 | 4.839 | 10.159 | 21.865 | 9.326 | 7.389 |
| Equity | 432 | 532 | 1.620 | 1.150 | 873 | 5.106 | 14.532 | 4.060 | -468 |
| Long-term debt | 870 | 3.339 | 2.031 | 2.000 | 0 | 0 | 0 | 0 | 0 |
| Short-term debt | 52 | 105 | 1.174 | 362 | 3.509 | 4.650 | 6.995 | 5.266 | 7.857 |
| Total debt | 922 | 3.444 | 3.204 | 2.362 | 3.509 | 4.650 | 6.995 | 5.266 | 7.857 |
EBITDA margin
-57.4%
This company
15.8%
Market median
-463% vs market
20182025
Equity ratio
-6.3%
This company
38.2%
Market median
-116% vs market
20182025
Return on equity
-452811100.0%
This company
18.4%
Market median
-2460929991% vs market
20182025
Net profit margin
-64.5%
This company
8.1%
Market median
-896% vs market
20182025
Asset turnover
0.95×
This company
1.12×
Market median
+15% vs market
20182025
Debt / equity
16.78×
This company
0.62×
Market median
-2606% vs market
20182025
- 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 2020-04-01 – 2020-12-31
- Annual report 2020Filed via CVR / Virk · Period 2019-04-01 – 2020-03-31
- Annual report 2019Filed via CVR / Virk · Period 2018-04-01 – 2019-03-31
- Annual report 2018Filed via CVR / Virk · Period 2017-04-01 – 2018-03-31
| Name | Role | Member since | Age | Other directorships |
|---|---|---|---|---|
LO Management | Management | 2017 | — | — |
RT Chief Executive Officer | Chief Executive Officer | 2024 | — | — |
| Name | Role | Member since | Age | Other directorships |
|---|---|---|---|---|
| Chairman | 2017 | — | — | |
| Chairman | 2024 | — | — | |
| Board of Directors | 2017 | — | — | |
| Board of Directors | 2017 | — | — | |
| Chairman | 2025 | — | — | |
| Chairman | 2018 | — | — | |
| Chairman | 2020 | — | — | |
| Board of Directors | 2023 | — | — | |
| Board of Directors | 2024 | — | — |
| Shareholder | Type | Ownership | Votes | Since |
|---|---|---|---|---|
DAMCOS A/S | Company | 100.0% | 100.0% | 2026 |
Bytewise Holding ApS | Company | 15.0% | 15.0% | 2023 |
| Individual | 33.3% | 33.3% | 2023 | |
Uddannelses- og Forskningsstyrelsen | Company | 20.0% | 20.0% | 2017 |
BOREAN INNOVATION A/S | Company | 10.0% | 10.0% | 2018 |
ZOLO INTERNATIONAL HOLDING ApS | Company | 5.0% | 5.0% | 2018 |
Ship Innovations ApS | Company | 33.3% | 33.3% | 2023 |
Beneficial ownership (UBO) data access is restricted in Denmark as of September 2025 per the EU 6th AML Directive. Learn more.
No registered parent or subsidiaries
Board members of Frugal Technologies ApS also hold positions in 0 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Lars Olaf Kruse Stoustrup | Management | 0 companies |
| René Thorhauge | Chief Executive Officer | 0 companies |
| Henrik Lundum | Chairman | 0 companies |
| Peter Rytter Hauschildt | Chairman | 0 companies |
| Mikkel Elsøe | Board of Directors | 0 companies |
| Jens Boye | Board of Directors | 0 companies |
| Hans Jakob Nørr | Chairman | 0 companies |
| Søren Bøgesgaard Niebuhr | Chairman | 0 companies |
| Preben Thuren Larsen | Chairman | 0 companies |
| Bo Stenlev Frederiksen | Board of Directors | 0 companies |
| Peter Valdemar Stokbro | Board of Directors | 0 companies |