W 
3.76
+6.21%
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 64.3m
FY2016FY2025
Net income
−DKK 2.7m
FY2016FY2025
Free cash flow
DKK 1.1m
FY2016FY2025
Shareholders' equity
DKK 14.3m
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | DKK 64.3m | DKK 71.9m | DKK 70.4m | DKK 66.3m | DKK 45.4m | DKK 27.6m | DKK 23.4m | DKK 20.6m | DKK 14.5m | DKK 12.9m |
| Research and development | DKK 846,000 | — | — | — | — | — | — | — | DKK 91,000 | DKK 91,000 |
| Operating income | −DKK 1.6m | DKK 3.1m | DKK 4.7m | DKK 6.1m | DKK 5.4m | DKK 3.1m | DKK 1.4m | DKK 1.4m | DKK 839,028 | DKK 502,638 |
| Net income | −DKK 2.7m | DKK 2.2m | DKK 4.0m | DKK 5.1m | DKK 4.8m | DKK 4.9m | DKK 1.5m | DKK 1.0m | DKK 761,074 | DKK 480,567 |
| Diluted earnings per share | -0.34 | 0.27 | 0.54 | 0.68 | 0.66 | 0.71 | 0.22 | 0.15 | 0.10 | 0.06 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | DKK 32.7m | DKK 38.0m | DKK 30.2m | DKK 30.1m | DKK 26.7m | DKK 14.0m | DKK 8.1m | DKK 6.8m | DKK 4.9m | DKK 4.4m |
| Cash and short-term investments | DKK 2.2m | DKK 3.9m | DKK 2.5m | DKK 5.1m | DKK 4.8m | DKK 3.9m | DKK 2.4m | DKK 2.1m | DKK 1.2m | DKK 1.6m |
| Total liabilities | DKK 18.3m | DKK 18.4m | DKK 11.6m | DKK 14.5m | DKK 17.3m | DKK 6.5m | DKK 4.4m | DKK 3.9m | DKK 2.4m | DKK 2.1m |
| Debt | DKK 10.5m | DKK 7.3m | DKK 2.1m | DKK 3.0m | DKK 4.0m | DKK 60,847 | DKK 3.6m | DKK 2.5m | DKK 1.9m | DKK 1.4m |
| Shareholders' equity | DKK 14.3m | DKK 19.6m | DKK 18.5m | DKK 15.6m | DKK 9.4m | DKK 7.4m | DKK 3.7m | DKK 3.0m | DKK 2.4m | DKK 2.3m |
| Shares outstanding | 8m | 8m | 7m | 7m | 7m | 7m | 7m | 7m | 8m | 8m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | DKK 1.3m | DKK 4.2m | DKK 3.4m | DKK 2.3m | DKK 6.5m | DKK 2.8m | DKK 1.2m | DKK 2.0m | DKK 338,045 | DKK 906,463 |
| Capital spending | −DKK 247,000 | −DKK 2.7m | −DKK 1.1m | −DKK 776,000 | −DKK 10.6m | −DKK 126,745 | −DKK 198,453 | −DKK 1.2m | −DKK 57,184 | −DKK 285,776 |
| Free cash flow | DKK 1.1m | DKK 1.5m | DKK 2.2m | DKK 1.6m | −DKK 4.0m | DKK 2.6m | DKK 1.1m | DKK 760,299 | DKK 280,861 | DKK 620,687 |
| Dividends paid | −DKK 1.8m | −DKK 2.9m | −DKK 3.1m | −DKK 2.7m | −DKK 1.4m | −DKK 1.1m | −DKK 759,265 | −DKK 621,216 | −DKK 621,271 | −DKK 621,000 |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | DKK 15.1m | DKK 15.6m | DKK 16.7m | DKK 16.6m | DKK 15.5m | DKK 15.5m | DKK 18.3m | DKK 18.8m |
| Operating income | DKK 642,000 | −DKK 171,000 | DKK 903,000 | DKK 19,000 | −DKK 678,000 | −DKK 1.8m | DKK 875,000 | DKK 707,000 |
| Net income | DKK 663,000 | −DKK 454,000 | DKK 654,000 | −DKK 293,000 | −DKK 1.0m | −DKK 2.0m | DKK 779,000 | DKK 380,000 |
| Diluted earnings per share | 0.08 | -0.06 | 0.08 | -0.04 | -0.13 | -0.25 | 0.10 | 0.05 |
| Cash from operations | — | — | DKK 2.0m | −DKK 2.0m | — | — | — | DKK 3.0m |
| Capital spending | — | — | — | −DKK 2.0m | — | — | — | — |
| Free cash flow | — | — | — | −DKK 4.0m | — | — | — | — |
| Total assets | DKK 36.2m | DKK 33.5m | DKK 32.7m | DKK 32.5m | DKK 32.4m | DKK 38.5m | DKK 38.0m | DKK 45.9m |
| Cash and short-term investments | DKK 3.2m | DKK 2.0m | DKK 2.2m | DKK 2.2m | DKK 1.8m | DKK 4.7m | DKK 3.9m | DKK 4.8m |
| Debt | DKK 14.4m | DKK 11.0m | DKK 10.5m | DKK 9.6m | DKK 6.8m | DKK 6.8m | DKK 7.3m | DKK 6.0m |
| Shareholders' equity | DKK 14.6m | DKK 13.9m | DKK 14.3m | DKK 14.1m | DKK 14.4m | DKK 17.9m | DKK 19.6m | DKK 19.4m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -1.0% | 18.4% | 18.4% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Operating margin | 1.1% | 4.5% | 6.0% | 5.9% |
| Net margin | -0.4% | 3.2% | 5.3% | 5.3% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | -14.3 | 24.8 | 16.9 | 18.2 | 27.8 | 18.5 | 32.9 | 38.5 | 29.7 | 21.1 |
| Price to sales | 0.6 | 0.8 | 1.0 | 1.4 | 2.9 | 3.3 | 2.1 | 1.9 | 1.6 | 0.8 |
Dividends and splits
Per share, in the currency the company pays
Paid for 9 years. Last went ex-dividend on 24 Apr 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.23 | 0.38 | 0.42 | 0.37 | 0.20 | 0.16 | 0.11 | 0.09 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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