E 
4.50
-2.17%
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
DKK 215.2m
FY2016FY2025
Net income
DKK 8.0m
FY2016FY2025
Free cash flow
DKK 8.0m
FY2016FY2025
Shareholders' equity
DKK 23.3m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | DKK 215.2m | DKK 191.7m | DKK 201.2m | DKK 157.9m | DKK 59.1m | DKK 55.5m | DKK 58.5m | DKK 83.7m | DKK 101.3m | DKK 71.4m |
| Operating income | DKK 10.4m | DKK 9.1m | DKK 7.5m | DKK 10.8m | DKK 1.2m | −DKK 1.3m | DKK 23,000 | −DKK 5.4m | DKK 6.1m | −DKK 13.1m |
| Net income | DKK 8.0m | DKK 7.2m | DKK 4.3m | DKK 9.3m | DKK 1.0m | −DKK 691,000 | −DKK 1.4m | −DKK 19.3m | −DKK 278,000 | −DKK 10.3m |
| Diluted earnings per share | 0.65 | 0.63 | 0.37 | 0.86 | 0.11 | -0.07 | -0.15 | -2.38 | -0.04 | -1.31 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | DKK 78.7m | DKK 72.2m | DKK 67.6m | DKK 69.1m | DKK 26.6m | DKK 17.0m | DKK 19.1m | DKK 22.5m | DKK 27.0m | DKK 54.1m |
| Cash and short-term investments | DKK 17.4m | DKK 21.2m | DKK 14.2m | DKK 16.7m | DKK 5.2m | DKK 2.3m | DKK 1.9m | DKK 1.4m | DKK 2.9m | DKK 1.7m |
| Total liabilities | DKK 55.4m | DKK 56.8m | DKK 59.8m | DKK 65.3m | DKK 38.4m | DKK 30.4m | DKK 31.5m | DKK 36.6m | DKK 27.0m | DKK 48.1m |
| Debt | DKK 17.2m | DKK 13.7m | DKK 12.0m | DKK 18.3m | DKK 18.8m | DKK 18.1m | DKK 18.7m | DKK 21.5m | DKK 10.9m | DKK 26.0m |
| Shareholders' equity | DKK 23.3m | DKK 15.5m | DKK 7.8m | DKK 3.9m | −DKK 11.7m | −DKK 13.4m | −DKK 12.4m | −DKK 14.1m | DKK 26,000 | DKK 6.0m |
| Shares outstanding | 12m | 11m | 11m | 11m | 9m | 9m | 9m | 8m | 8m | 8m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | DKK 8.2m | DKK 5.3m | DKK 3.4m | DKK 11.5m | DKK 1.2m | DKK 1.2m | DKK 224,000 | −DKK 15.4m | DKK 11.1m | −DKK 10.5m |
| Capital spending | −DKK 179,000 | −DKK 6.2m | −DKK 811,000 | −DKK 461,000 | — | — | −DKK 52,000 | −DKK 1.4m | −DKK 246,000 | −DKK 326,000 |
| Free cash flow | DKK 8.0m | −DKK 944,000 | DKK 2.6m | DKK 11.1m | DKK 1.2m | DKK 1.2m | DKK 172,000 | −DKK 16.8m | DKK 10.9m | −DKK 10.8m |
Latest quarters
By quarter end
| Jun 2026 | Dec 2025 | Jun 2025 | Dec 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sept 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | DKK 85.1m | DKK 131.6m | DKK 83.6m | DKK 50.4m | DKK 44.4m | DKK 44.4m | DKK 53.3m | DKK 53.3m |
| Operating income | DKK 1.4m | DKK 7.4m | DKK 3.6m | DKK 1.8m | DKK 2.7m | DKK 2.7m | DKK 1.6m | DKK 1.6m |
| Net income | DKK 348,000 | DKK 6.0m | DKK 2.0m | DKK 2.4m | DKK 1.2m | DKK 1.2m | DKK 959,500 | DKK 959,500 |
| Diluted earnings per share | 0.02 | 0.49 | 0.16 | 0.21 | 0.11 | 0.11 | 0.08 | 0.08 |
| Cash from operations | DKK 8.0m | DKK 3.0m | DKK 5.0m | DKK 2.0m | — | — | DKK 1.0m | — |
| Capital spending | — | — | — | −DKK 3.0m | — | — | — | — |
| Free cash flow | — | — | — | −DKK 1.0m | — | — | — | — |
| Total assets | DKK 103.1m | DKK 78.7m | DKK 82.1m | DKK 72.2m | DKK 64.1m | DKK 64.1m | DKK 67.6m | DKK 67.6m |
| Cash and short-term investments | DKK 41.6m | DKK 17.4m | DKK 21.7m | DKK 21.2m | DKK 16.9m | DKK 16.9m | DKK 14.2m | DKK 14.2m |
| Debt | DKK 1.2m | DKK 11.2m | DKK 11.4m | DKK 13.7m | DKK 14.8m | DKK 14.8m | DKK 12.0m | DKK 12.0m |
| Shareholders' equity | DKK 50.1m | DKK 23.3m | DKK 13.3m | DKK 15.5m | DKK 10.3m | DKK 10.3m | DKK 7.8m | DKK 7.8m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 10.9% | 31.2% | 9.8% |
| Operating income | -1.2% | — | 16.8% |
| Net income | -5.2% | — | — |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 4.8% | 4.9% | 4.3% | 2.1% |
| Net margin | 3.7% | 3.7% | 3.3% | -0.2% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 6.1 | 5.2 | 9.6 | 5.9 | 27.6 | -39.6 | -11.2 | -1.7 | -152.8 | -5.7 |
| Price to sales | 0.2 | 0.2 | 0.2 | 0.3 | 0.5 | 0.5 | 0.3 | 0.4 | 0.4 | 0.8 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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