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Formalize ApS
APS
Active
CVR 42045136
Kannikegade 4, 8000
Aarhus C
Computer programming activities
·
NACE 6210
Est. 2021 · 5 years old
138 employees
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Formalize ApS
Overview
Financials
People & ownership
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Financials
Gross profit
DKK millions
30M
17M
5M
-8M
-21M
2021: -2M
-2M
2021
2022: -2M (0% vs 2021)
-2M
0%
2022
2023: -11M (-450% vs 2022)
-11M
-450%
2023
2024: 7M (+164% vs 2023)
7M
+164%
2024
2025: 20M (+186% vs 2024)
20M
+186%
2025
EBITDA
DKK millions
0M
-14M
-27M
-41M
-55M
2021: -3M
-3M
2021
2022: -7M (-133% vs 2021)
-7M
-133%
2022
2023: -29M (-314% vs 2022)
-29M
-314%
2023
2024: -36M (-24% vs 2023)
-36M
-24%
2024
2025: -44M (-22% vs 2024)
-44M
-22%
2025
Income statement
DKK thousands
Item
2025
2024
2023
2022
2021
Gross profit
20.426
7.131
-10.868
-1.599
-1.767
Staff expenses
-64.186
-43.004
-18.162
-5.011
-1.152
EBITDA
-43.760
-35.874
-29.030
-6.610
-2.919
Depreciation & amort.
-2.272
-1.014
-550
-0
-0
EBIT
-46.032
-36.887
-29.580
-6.610
-2.919
Net financials
-1.357
4
-877
-32
-8
Profit before tax
-47.389
-36.884
-30.457
-6.642
-2.927
Tax
379
-0
-0
-373
-367
Net profit
-47.767
-36.884
-30.457
-6.268
-2.560
Balance sheet
DKK thousands
Item
2025
2024
2023
2022
2021
Total assets
167.221
108.344
24.859
16.578
2.735
Equity
96.721
55.529
-16.750
10.548
485
Long-term debt
14.217
12.612
13.896
1.613
0
Short-term debt
56.282
40.203
27.712
4.418
2.250
Total debt
70.500
52.815
41.609
6.030
2.250
Financial ratios
5-year trend
EBITDA margin (of gross profit)
-214,2 %
This company
2021
2025
Equity ratio
57,8 %
This company
38,2 %
Market median
This company
Market median
51% above market
2021
2025
Return on equity
-49,4 %
This company
18,4 %
Market median
This company
Market median
368% below market
2021
2025
Net profit margin (of gross profit)
-233,9 %
This company
2021
2025
Asset turnover (of gross profit)
0,12×
This company
2021
2025
Debt / equity
0,73×
This company
0,62×
Market median
This company
Market median
18% above market
2021
2025
Annual reports & filings
Annual report 2025
Filed via CVR / Virk · Period 2025-01-01 – 2025-12-31
View
PDF
Annual report 2024
Filed via CVR / Virk · Period 2024-01-01 – 2024-12-31
View
PDF
Annual report 2023
Filed via CVR / Virk · Period 2023-01-01 – 2023-12-31
View
PDF
Annual report 2022
Filed via CVR / Virk · Period 2022-01-01 – 2022-12-31
View
PDF
Annual report 2021
Filed via CVR / Virk · Period 2021-01-21 – 2021-12-31
View
PDF
More on Formalize ApS
Overview →
Headline figures, risk assessment and company summary
People & ownership →
Management, board and shareholder breakdown
Related companies →
Corporate hierarchy, parent and subsidiary network
