CHAUCER UNDERWRITING ApS
APSActiveAdvertising protectionCVR 21240095Kongens Nytorv 5, 1050 København KActivities of insurance agents and brokers· NACE 6622Est. 1998 · 28 years old6 employees
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Overview
CHAUCER UNDERWRITING ApS is a Danish APS based in København K, operating in the Activities of insurance agents and brokers sector. Incorporated in 1998, the company has 6 employees and reported revenue of DKK 20.5m in its latest annual filing.
Revenue 2025
20.5M DKK
+21% vs 2024
EBITDA margin
9.4 %
+19% vs 2024
Net profit 2025
1.4M DKK
+22% vs 2024
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
63.1 %
WeakAmong the 30% lowest rated companies in the industry
20212025
Liquidity ratioCurrent assets ÷ Short-term debt
2.7×
AverageAround the average of companies in the same industry
20212025
Return on assets (ROA)Net profit ÷ Total assets × 100
7.0 %
StrongAmong the 30% highest rated companies in the industry
20212025
EBITDA — year on year
DKK thousandsKey figures
Annual report 2025| Revenue | 20.5M DKK | +21% |
| EBITDA | 1.9M DKK | +19% |
| Net profit | 1.4M DKK | +22% |
| Total assets | 19.8M DKK | +7% |
| Equity | 12.5M DKK | +13% |
| Employees | 6 | — |
Company information
Legal name
CHAUCER UNDERWRITING ApS
CVR number
21240095
Legal form
Anpartsselskab
NACE code
Founded
15 August 1998 · 28 years
Share capital
DKK 500,000
Employees
6 (FTE)
VAT registered
Yes
Audit selected
Yes
Last report
2025-12-31
Financial year
January – December
Signatory rights
Selskabet tegnes af et bestyrelsesmedlem.
Company purpose
Selskabets formål er at drive virksomhed som agent for tegning af reassuranceaftaler og andre forsikringsaftaler og dermed beslægtet virksomhed.
(no translation available)
Contact
Address
Kongens Nytorv 5, 1050 København K
Phone
+45 3314 6022
Advertising protection
Active — opted out of marketing use
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Financial development
In its most recent annual report (2025), CHAUCER UNDERWRITING ApS reported revenue of DKK 20.5m, an increase of 21% on the year before. The figures on this page draw on 5 annual filings covering 2021 to 2025. The bottom line showed a net profit of DKK 1.4m, and the EBITDA margin stood at 9.4%.
At the end of 2025, equity financed 63.1% of the balance sheet, and current assets covered short-term debt 2.7 times.
Financials
Revenue
DKK millionsEBITDA
DKK thousandsIncome statement
DKK thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 20,483 | 16,944 | 17,159 | 13,665 | 13,353 |
| Staff expenses | -15,167 | -12,623 | -13,301 | -10,166 | -10,457 |
| EBITDA | 1,918 | 1,616 | 1,634 | 1,345 | -262 |
| Depreciation & amort. | -39 | -76 | -58 | -51 | -9 |
| EBIT | 1,879 | 1,540 | 1,577 | 1,294 | -271 |
| Net financials | -17 | 1 | -17 | -52 | -26 |
| Profit before tax | 1,862 | 1,542 | 1,560 | 1,242 | -297 |
| Tax | 473 | 402 | 379 | 295 | -63 |
| Net profit | 1,389 | 1,139 | 1,181 | 947 | -234 |
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Balance sheet
DKK thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total assets | 19,813 | 18,503 | 16,321 | 17,908 | 19,170 |
| Equity | 12,495 | 11,106 | 9,966 | 8,785 | 7,838 |
| Long-term debt | 0 | 0 | 0 | 0 | 0 |
| Short-term debt | 7,319 | 7,397 | 6,355 | 9,123 | 11,331 |
| Total debt | 7,319 | 7,397 | 6,355 | 9,123 | 11,331 |
Financial ratios
5-year trendEBITDA margin
9.4 %
20212025
Equity ratio
63.1 %
WeakAmong the 30% lowest rated companies in the industry
20212025
Return on equity
11.1 %
StrongAmong the 30% highest rated companies in the industry
20212025
Net profit margin
6.8 %
WeakAmong the 40% lowest rated companies in the industry
20212025
Asset turnover
1.03×
Very strongAmong the 10% highest rated companies in the industry
20212025
Debt / equity
0.59×
WeakAmong the 30% lowest rated companies in the industry
20212025
Sector performance
27 of 28 ratios graded28 financial ratios from the latest filing, each graded against companies in the same industry.
Profitability
Gross marginStrong
Among the 40% highest rated companies in the industry
The gross result as a share of revenue — how much of the revenue is left after variable costs to cover the company's fixed costs.
Operating marginWeak
Among the 40% lowest rated companies in the industry
EBIT as a share of revenue — the share of revenue remaining as earnings once all operating costs are covered. A key measure of earning power.
Net profit marginWeak
Among the 40% lowest rated companies in the industry
The profit for the year as a share of revenue — the company's ability to turn revenue into profit.
Return on equity (ROE)Strong
Among the 30% highest rated companies in the industry
Net profit as a percentage of equity — the return the owners earned on their invested capital this year.
Return on assets (ROA)Strong
Among the 30% highest rated companies in the industry
Net profit as a percentage of total assets — the return generated on the capital employed.
Return on net assets (RONA)Strong
Among the 30% highest rated companies in the industry
Profit relative to net assets (total assets minus total debt) — the ability to generate earnings from the net asset base alone.
Basic earning power (BEP)Very strong
Among the 10% highest rated companies in the industry
EBIT relative to total assets — the company's earning power before the effects of tax and financial leverage.
Capacity ratioStrong
Among the 40% highest rated companies in the industry
Shows how strongly fixed costs weigh on the gross result — a high ratio means fixed costs take only a small bite out of the earnings from basic operations.
Liquidity
Current ratioAverage
Around the average of companies in the same industry
Current assets relative to short-term debt — the ability to settle short-term obligations with current assets alone. Around 150% is considered satisfactory from a credit perspective.
Quick ratioAverage
Around the average of companies in the same industry
Current assets excluding inventory relative to short-term debt — whether the most liquid assets alone can cover the short-term obligations. A value of 1 or above signals a healthy liquidity position.
Cash ratioStrong
Among the 40% highest rated companies in the industry
Cash relative to short-term debt — the ability to repay short-term obligations with cash alone.
Current assets to equityVery weak
Among the 10% lowest rated companies in the industry
Current assets relative to equity — an indicator of the balance-sheet structure and of the company's short- and long-term financing. The healthy level is highly industry-dependent.
Fixed assets to long-term capitalStrong
Among the 40% highest rated companies in the industry
Fixed assets relative to long-term capital (equity plus long-term liabilities). Below 100% means the long-term capital finances more than just the fixed assets — a healthier liquidity position.
Cash conversion ratioVery strong
Among the 10% highest rated companies in the industry
Cash flow relative to profit — the ability to convert reported profits into accessible cash.
Debt & solvency
Solidity ratioWeak
Among the 30% lowest rated companies in the industry
Equity as a share of total assets — the ability to absorb losses. Around 40% is considered satisfactory from a credit perspective.
Debt ratioWeak
Among the 30% lowest rated companies in the industry
Total debt relative to the balance-sheet total — the share of the assets financed by debt rather than equity.
Debt to equityWeak
Among the 30% lowest rated companies in the industry
Debt relative to equity — the company's leverage. A higher value means heavier reliance on debt financing.
Liabilities to equityWeak
Among the 30% lowest rated companies in the industry
Total liabilities relative to equity — whether the company operates primarily on borrowed capital or on its own.
Income to debtAverage
Around the average of companies in the same industry
Profit relative to debt — the ability to create earnings while operating with debt.
EBITDA to debtVery strong
Among the 10% highest rated companies in the industry
EBITDA relative to debt — how much operating earnings are available to service the debt.
Interest coverageVery strong
Among the 10% highest rated companies in the industry
The ability to pay the interest on the company's debt out of its earnings.
Interest rate on debtStrong
Among the 30% highest rated companies in the industry
Financial expenses relative to total liabilities — the effective interest rate the company pays on its debt.
Interest marginStrong
Among the 30% highest rated companies in the industry
The return on assets minus the interest rate on debt. Positive means the company benefits from operating with debt; negative means the debt makes it worse off.
Efficiency & development
Asset turnoverVery strong
Among the 10% highest rated companies in the industry
Revenue relative to total assets — the ability to generate revenue from the asset base.
Equity to contributed capitalAverage
Around the average of companies in the same industry
Total equity relative to the capital the owners contributed — how the equity has developed from its starting point.
One-year change in equityStrong
Among the 30% highest rated companies in the industry
The size of this year's increase or decrease in the company's equity.
One-year change in debtStrong
Among the 40% highest rated companies in the industry
The size of this year's increase or decrease in the company's debt.
Inventory turnoverNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Revenue relative to inventory — how many times a year the inventory is sold and replaced. A low value can indicate weak sales or excess inventory.
Annual reports & filings
- Annual report 2025Filed via CVR / Virk · Period 2025-01-01 – 2025-12-31
- Annual report 2024Filed via CVR / Virk · Period 2024-01-01 – 2024-12-31
- Annual report 2023Filed via CVR / Virk · Period 2023-01-01 – 2023-12-31
- Annual report 2022Filed via CVR / Virk · Period 2022-01-01 – 2022-12-31
- Annual report 2021Filed via CVR / Virk · Period 2021-01-01 – 2021-12-31
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|---|---|
| Current (1) | ||
JB Management | Management | 2019 |
Former (6)
JT Management | Management | 1999 – 2004 |
GW Management | Management | 2016 – 2019 |
SS Management | Management | 1998 – 1999 |
CE | Audit | 1998 – 1999 |
CC Management | Management | 2004 – 2012 |
CG Management | Management | 2012 – 2016 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (3) | ||
JB Board of Directors | Board of Directors | 2018 |
JW Chairman | Chairman | 2024 |
KM Board of Directors | Board of Directors | 2024 |
Former (19)
JT Board of Directors | Board of Directors | 2000 – 2006 |
TB Board of Directors | Board of Directors | 2006 – 2009 |
RB Board of Directors | Board of Directors | 2000 – 2000 |
BS Chairman | Chairman | 2000 – 2011 |
DS Chairman | Chairman | 2011 – 2016 |
KD Board of Directors | Board of Directors | 2004 – 2011 |
DW Board of Directors | Board of Directors | 2008 – 2011 |
BB Board of Directors | Board of Directors | 2000 – 2011 |
GW Board of Directors | Board of Directors | 2016 – 2019 |
EG Board of Directors | Board of Directors | 2000 – 2003 |
MH Board of Directors | Board of Directors | 2006 – 2011 |
HH Board of Directors | Board of Directors | 2000 – 2003 |
CC Board of Directors | Board of Directors | 2003 – 2012 |
CG Board of Directors | Board of Directors | 2012 – 2016 |
SM Board of Directors | Board of Directors | 2011 – 2015 |
KR Board of Directors | Board of Directors | 2000 – 2012 |
PB Board of Directors | Board of Directors | 2002 – 2004 |
TE Board of Directors | Board of Directors | 2015 – 2018 |
DC Chairman | Chairman | 2016 – 2024 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
Chaucer Group International Ltd. | Company | 100% | 100% | 2018 |
CH 1997 Limited | Company | 100% | 100% | 1999 |
Beneficial ownership (UBO) data access is restricted in Denmark as of September 2025 per the EU 6th AML Directive. Learn more.
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Related companies
Company hierarchy
Chaucer Group International Ltd.100%CH 1997 Limited100%
CHAUCER UNDERWRITING ApS (this company)Board network connections
Board members of CHAUCER UNDERWRITING ApS also hold positions in 22 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Steen Schierbeck | Management | 10 companiesMany roles |
| Torsten Brovang | Board of Directors | 5 companies |
| Carl Gustav Jacob Brønnum Scavenius | Management | 4 companies |
| Johnny Bøgelund Nielsen | Management | 1 company |
| Carl Edvard Gudbergsen | Audit | 1 company |
| Christian Claudio Daniele | Management | 1 company |
Frequently asked questions
What is the CVR number of CHAUCER UNDERWRITING ApS?
CHAUCER UNDERWRITING ApS is registered with CVR / Virk under CVR 21240095.
What is the revenue of CHAUCER UNDERWRITING ApS?
CHAUCER UNDERWRITING ApS reported revenue of DKK 20.5m in 2025.
How many employees does CHAUCER UNDERWRITING ApS have?
CHAUCER UNDERWRITING ApS employs 6 people as of the latest annual report.
Who is the chairman of CHAUCER UNDERWRITING ApS?
James Wright chairs the board of CHAUCER UNDERWRITING ApS, in role since 2024.
Where is CHAUCER UNDERWRITING ApS headquartered?
CHAUCER UNDERWRITING ApS's registered address is Kongens Nytorv 5.