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A/SActiveCVR 40463682Baltorpbakken 16Computer programming activities · NACE 6210Est. 2019— employees
Revenue 2025
DKK 2,1M
+28% vs 2024
EBITDA margin
22.4%
+102% vs 2024
Equity ratio
-344.1%
Financial strength
Net profit 2025
DKK -912K
+37% vs 2024
| Revenue | DKK 2,1M | +28% |
| EBITDA | DKK 480K | +102% |
| Net profit | DKK -912K | +37% |
| Total assets | DKK 1,5M | -57% |
| Equity | DKK -5,3M | -21% |
| Employees | — | — |
Legal name
eflow A/S
CVR number
40463682
Legal form
Aktieselskab
NACE code
6210 · Computer programming activities
Founded
20. marts 2019
Share capital
DKK 694.444
Employees
—
VAT registered
Yes
Audit selected
Yes
Last report
2025-04-30
Financial year
January – December
Signatory rights
Selskabet tegnes af 2 bestyrelsesmedlemmer i
forening eller af den samlede bestyrelse
Company purpose
Selskabets formål er at drive virksomhed med udvikling, salg og drift af digitale løsninger samt drive anden virksomhed, der efter bestyrelsens skøn står i forbindelse hermed.
Address
Baltorpbakken 16
Risika for professionals
Risika provides regulated workflow tools for finance, procurement and compliance teams that need monitoring, alerts and an API.
| Item | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | -326 | 911 | 431 | 712 | 1.349 | 1.678 | 2.147 |
| Staff expenses | -8 | -725 | -865 | -970 | -1.422 | -1.441 | -1.667 |
| EBITDA | -334 | 186 | -434 | -259 | -73 | 237 | 480 |
| Depreciation & amort. | -326 | -917 | -1.432 | -1.951 | -2.118 | -1.859 | -1.431 |
| EBIT | -660 | -731 | -1.866 | -2.209 | -2.191 | -1.622 | -951 |
| Net financials | 16 | -18 | -1 | -40 | -169 | -219 | -217 |
| Profit before tax | -644 | -749 | -1.867 | -2.250 | -2.360 | -1.841 | -1.169 |
| Tax | -141 | -165 | -409 | -494 | -518 | -405 | -257 |
| Net profit | -503 | -584 | -1.458 | -1.756 | -1.842 | -1.436 | -912 |
| Item | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Total assets | 2.264 | 5.822 | 5.150 | 6.484 | 5.627 | 3.558 | 1.528 |
| Equity | 1.997 | 2.146 | 688 | -1.067 | -2.910 | -4.346 | -5.257 |
| Long-term debt | 0 | 3.030 | 3.565 | 0 | 0 | 0 | 0 |
| Short-term debt | 58 | 26 | 25 | 6.401 | 7.551 | 7.328 | 6.524 |
| Total debt | 58 | 3.056 | 3.590 | 6.401 | 7.551 | 7.328 | 6.524 |
EBITDA margin
22.4%
This company
15.8%
Market median
+42% vs market
20192025
Equity ratio
-344.1%
This company
38.2%
Market median
-1001% vs market
20192025
Return on equity
-91162300.0%
This company
18.4%
Market median
-495447383% vs market
20192025
Net profit margin
-42.5%
This company
8.1%
Market median
-625% vs market
20192025
Asset turnover
1.41×
This company
1.12×
Market median
+26% vs market
20192025
Debt / equity
1.29×
This company
0.62×
Market median
-108% vs market
20192025
- Annual report 2025Filed via CVR / Virk · Period 2024-05-01 – 2025-04-30
- Annual report 2024Filed via CVR / Virk · Period 2023-05-01 – 2024-04-30
- Annual report 2023Filed via CVR / Virk · Period 2022-05-01 – 2023-04-30
- Annual report 2022Filed via CVR / Virk · Period 2021-05-01 – 2022-04-30
- Annual report 2021Filed via CVR / Virk · Period 2020-05-01 – 2021-04-30
- Annual report 2020Filed via CVR / Virk · Period 2019-05-01 – 2020-04-30
- Annual report 2019Filed via CVR / Virk · Period 2018-05-01 – 2019-04-30
| Name | Role | Member since | Age | Other directorships |
|---|---|---|---|---|
MB Management | Management | 2019 | — | — |
| Name | Role | Member since | Age | Other directorships |
|---|---|---|---|---|
| Chairman | 2021 | — | — | |
| Board of Directors | 2025 | — | — | |
| Chairman | 2019 | — | — | |
| Board of Directors | 2020 | — | — | |
| Board of Directors | 2022 | — | — |
| Shareholder | Type | Ownership | Votes | Since |
|---|---|---|---|---|
MBJI Holding ApS | Company | 66.7% | 66.7% | 2019 |
FBJI HOLDING ApS | Company | 25.0% | 25.0% | 2023 |
MUNDUS HOLDING ApS | Company | 10.0% | 10.0% | 2020 |
Beneficial ownership (UBO) data access is restricted in Denmark as of September 2025 per the EU 6th AML Directive. Learn more.
FBJI HOLDING ApS
eflow A/S Board members of eflow A/S also hold positions in 0 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Martin Baden-Jensen | Management | 0 companies |
| Finn Baden-Jensen | Chairman | 0 companies |
| Poul Jagd Mogensen | Board of Directors | 0 companies |
| Claus Mundus-Pedersen | Chairman | 0 companies |
| Torben Jørgensen | Board of Directors | 0 companies |
| Casper Clemens | Board of Directors | 0 companies |