A 
5.36
+6.77%
Close of 9 Nov 2026, in DKK
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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.
At a glance
Figures in DKK, from our data supplier.
Revenue
—
FY2016FY2025
Net income
−DKK 3.8m
FY2016FY2025
Free cash flow
−DKK 2.6m
FY2016FY2025
Shareholders' equity
−DKK 116.4m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — | — | — | — | DKK 10.2m |
| Gross profit | — | — | — | — | — | — | −DKK 54,000 | −DKK 23,000 | −DKK 1.7m | −DKK 4.4m |
| Operating income | −DKK 1.1m | −DKK 2.4m | −DKK 16.8m | DKK 15.4m | DKK 9.0m | DKK 1.1m | −DKK 59.8m | −DKK 22.8m | −DKK 157.2m | −DKK 39.8m |
| Net income | −DKK 3.8m | DKK 1.4m | −DKK 20.7m | DKK 348,000 | DKK 3.1m | −DKK 112.6m | −DKK 63.8m | DKK 24.0m | −DKK 67.7m | DKK 12.4m |
| Diluted earnings per share | -1.04 | 0.38 | -5.61 | 0.09 | 0.85 | -30.46 | -17.24 | 6.48 | -18.31 | 3.35 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | DKK 4.4m | DKK 15.9m | DKK 26.0m | DKK 53.2m | DKK 41.5m | DKK 30.8m | DKK 147.4m | DKK 191.5m | DKK 63.2m | DKK 180.8m |
| Cash and short-term investments | DKK 43,000 | DKK 31,000 | DKK 1.1m | DKK 65,000 | DKK 17,000 | DKK 14,000 | DKK 15,000 | DKK 260,000 | DKK 446,000 | DKK 4.9m |
| Total liabilities | DKK 120.8m | DKK 128.7m | DKK 141.9m | DKK 151.5m | DKK 137.6m | DKK 132.1m | DKK 130.2m | DKK 120.2m | DKK 213.5m | DKK 263.4m |
| Debt | DKK 71.1m | DKK 71.4m | DKK 71.4m | DKK 71.4m | DKK 97.4m | DKK 92.5m | DKK 90.5m | DKK 84.1m | DKK 63.6m | DKK 90.2m |
| Shareholders' equity | −DKK 116.4m | −DKK 112.8m | −DKK 115.9m | −DKK 98.3m | −DKK 96.2m | −DKK 101.4m | DKK 17.2m | DKK 71.4m | −DKK 150.3m | −DKK 82.7m |
| Shares outstanding | 4m | 4m | 4m | 4m | 4m | 4m | 4m | 4m | 4m | 4m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −DKK 1.3m | DKK 445,000 | DKK 1.7m | −DKK 148,000 | −DKK 3.6m | DKK 1.4m | −DKK 14.6m | −DKK 19.9m | DKK 30.4m | DKK 48.4m |
| Capital spending | −DKK 1.3m | −DKK 3.3m | −DKK 4.0m | −DKK 148,000 | −DKK 3.6m | −DKK 3.6m | −DKK 3.0m | −DKK 3.0m | −DKK 4.9m | −DKK 38.1m |
| Free cash flow | −DKK 2.6m | −DKK 2.9m | −DKK 2.2m | −DKK 296,000 | −DKK 7.2m | −DKK 2.2m | −DKK 17.6m | −DKK 22.8m | DKK 25.5m | DKK 10.3m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Operating income | −DKK 464,000 | −DKK 357,000 | −DKK 501,000 | −DKK 228,000 | −DKK 702,000 | −DKK 2.5m | −DKK 1.1m | −DKK 2.2m |
| Net income | −DKK 2.5m | −DKK 385,000 | −DKK 1.8m | DKK 428,000 | −DKK 206,000 | −DKK 2.3m | DKK 2.2m | −DKK 3.3m |
| Diluted earnings per share | -0.68 | -0.10 | -0.48 | 0.12 | -0.06 | -0.62 | 0.59 | -0.89 |
| Cash from operations | — | — | — | — | −DKK 1.0m | — | — | — |
| Capital spending | — | — | — | — | −DKK 1.0m | — | — | — |
| Free cash flow | — | — | — | — | −DKK 2.0m | — | — | — |
| Total assets | DKK 732,000 | DKK 3.6m | DKK 4.4m | DKK 7.3m | DKK 9.0m | DKK 11.0m | DKK 15.9m | DKK 19.9m |
| Cash and short-term investments | DKK 771,000 | DKK 189,000 | DKK 43,000 | DKK 118,000 | DKK 145,000 | DKK 802,000 | DKK 31,000 | DKK 8,000 |
| Debt | DKK 71.5m | DKK 71.1m | DKK 71.1m | DKK 71.1m | DKK 71.0m | DKK 71.4m | DKK 71.4m | DKK 71.4m |
| Shareholders' equity | −DKK 119.6m | −DKK 116.9m | −DKK 116.4m | −DKK 114.5m | −DKK 115.0m | −DKK 115.1m | −DKK 112.8m | −DKK 115.3m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Operating income | — | — | -48.1% |
| Net income | — | -49.1% | -39.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -2.2 | 4.2 | -0.5 | 74.0 | 2.6 | -0.1 | -0.2 | 0.5 | -0.2 | 1.8 |
| Price to sales | — | — | — | — | — | — | — | — | — | 2.1 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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