CARVE SOLUTIONS ApS
APSActiveCVR 36407476Købmagergade 11, 1150 København KBusiness and other management consultancy activities· NACE 7020Est. 2014 · 11 years old— employees
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Overview
CARVE SOLUTIONS ApS is a Danish APS based in København K, operating in the Business and other management consultancy activities sector. Incorporated in 2014, the company reported revenue of DKK 33.8m in its latest annual filing.
Revenue 2025
33.8M DKK
+36% vs 2024
EBITDA margin
1.1 %
+49% vs 2024
Net profit 2025
0.1M DKK
+18% vs 2024
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
8.9 %
Very weakAmong the 20% lowest rated companies in the industry
20212025
Liquidity ratioCurrent assets ÷ Short-term debt
1.1×
WeakAmong the 30% lowest rated companies in the industry
20212025
Return on assets (ROA)Net profit ÷ Total assets × 100
0.5 %
WeakAmong the 40% lowest rated companies in the industry
20212025
EBITDA — year on year
DKK thousandsKey figures
Annual report 2025| Revenue | 33.8M DKK | +36% |
| EBITDA | 0.4M DKK | +49% |
| Net profit | 0.1M DKK | +18% |
| Total assets | 11.8M DKK | -2% |
| Equity | 1M DKK | +6% |
| Employees | — | — |
Company information
Legal name
CARVE SOLUTIONS ApS
CVR number
36407476
Legal form
Anpartsselskab
NACE code
Founded
2 October 2014 · 11 years
Share capital
DKK 50,000
Employees
—
VAT registered
Yes
Audit selected
Yes
Last report
2025-12-31
Financial year
January – December
Signatory rights
Selskabet tegnes af én direktør i forening med bestyrelsesformanden eller af den samlede bestyrelse.
Company purpose
Selskabets formål er at drive virksomhed med handel med software og rådgivning indenfor moderne teknologi og anden dermed efter bestyrelsens skøn beslægtet virksomhed.
(no translation available)
Address
Købmagergade 11, 1150 København K
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Financial development
In its most recent annual report (2025), CARVE SOLUTIONS ApS reported revenue of DKK 33.8m, an increase of 36% 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 57.9k, and the EBITDA margin stood at 1.1%.
At the end of 2025, equity financed 8.9% of the balance sheet, and current assets covered short-term debt 1.1 times.
Financials
Revenue
DKK millionsEBITDA
DKK thousandsIncome statement
DKK thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 33,778 | 24,753 | 28,907 | 149 | 354 |
| Staff expenses | -0 | -0 | -0 | -0 | -0 |
| EBITDA | 371 | 248 | 224 | 149 | 354 |
| Depreciation & amort. | -121 | -143 | -43 | -110 | -110 |
| EBIT | 250 | 105 | 181 | 39 | 245 |
| Net financials | -170 | -40 | -133 | 28 | -43 |
| Profit before tax | 80 | 65 | 49 | 67 | 201 |
| Tax | 22 | 17 | 13 | 15 | 44 |
| Net profit | 58 | 49 | 35 | 52 | 157 |
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Balance sheet
DKK thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total assets | 11,790 | 12,046 | 16,694 | 10,581 | 6,197 |
| Equity | 1,047 | 989 | 941 | 905 | 853 |
| Long-term debt | 0 | 0 | 0 | 0 | 0 |
| Short-term debt | 10,717 | 11,052 | 15,753 | 9,675 | 5,344 |
| Total debt | 10,717 | 11,052 | 15,753 | 9,675 | 5,344 |
Financial ratios
5-year trendEBITDA margin
1.1 %
20212025
Equity ratio
8.9 %
Very weakAmong the 20% lowest rated companies in the industry
20212025
Return on equity
5.5 %
AverageAround the average of companies in the same industry
20212025
Net profit margin
0.2 %
WeakAmong the 40% lowest rated companies in the industry
20212025
Asset turnover
2.87×
Very strongAmong the 20% highest rated companies in the industry
20212025
Debt / equity
10.26×
Very weakAmong the 10% 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 marginVery weak
Among the 20% lowest 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)Average
Around the average of companies in the same industry
Net profit as a percentage of equity — the return the owners earned on their invested capital this year.
Return on assets (ROA)Weak
Among the 40% lowest 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)Average
Around the average of companies in the same 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)Average
Around the average of companies in the same industry
EBIT relative to total assets — the company's earning power before the effects of tax and financial leverage.
Capacity ratioVery strong
Among the 10% 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 ratioWeak
Among the 30% lowest rated companies in the 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 ratioWeak
Among the 30% lowest rated companies in the 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 ratioAverage
Around the average of companies in the same 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 capitalWeak
Among the 40% lowest 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 ratioVery weak
Among the 20% 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 ratioVery weak
Among the 20% 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 equityVery weak
Among the 10% 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 equityVery weak
Among the 10% 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 debtWeak
Among the 40% lowest rated companies in the industry
Profit relative to debt — the ability to create earnings while operating with debt.
EBITDA to debtAverage
Around the average of companies in the same industry
EBITDA relative to debt — how much operating earnings are available to service the debt.
Interest coverageAverage
Around the average of companies in the same industry
The ability to pay the interest on the company's debt out of its earnings.
Interest rate on debtAverage
Around the average of companies in the same industry
Financial expenses relative to total liabilities — the effective interest rate the company pays on its debt.
Interest marginAverage
Around the average of companies in the same 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 20% highest rated companies in the industry
Revenue relative to total assets — the ability to generate revenue from the asset base.
Equity to contributed capitalStrong
Among the 30% highest rated companies in the industry
Total equity relative to the capital the owners contributed — how the equity has developed from its starting point.
One-year change in equityAverage
Around the average of companies in the same industry
The size of this year's increase or decrease in the company's equity.
One-year change in debtAverage
Around the average of companies in the same 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) | ||
MW Management | Management | 2014 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (5) | ||
PR Board of Directors | Board of Directors | 2014 |
TS Chairman | Chairman | 2014 |
MW Board of Directors | Board of Directors | 2014 |
JS Board of Directors | Board of Directors | 2026 |
HS Board of Directors | Board of Directors | 2014 |
Former (2)
MR Board of Directors | Board of Directors | 2014 – 2014 |
BK Board of Directors | Board of Directors | 2014 – 2024 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 100% | 100% | 2014 |
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
CARVE HOLDING ApS
CARVE SOLUTIONS ApS Board network connections
Board members of CARVE SOLUTIONS ApS also hold positions in 38 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Torben Stig Christensen | Chairman | 8 companiesMany roles |
| Henning Schultz von Hauen | Board of Directors | 7 companiesMany roles |
| Peter Rüsch Hansen | Board of Directors | 6 companiesMany roles |
| Mikael Würtz Hegaard | Management | 5 companies |
| Birgitte Kofod Olsen | Board of Directors | 5 companies |
| Jesper Sten Madsen | Board of Directors | 5 companies |
| Mikael Rasmussen | Board of Directors | 2 companies |
Frequently asked questions
What is the CVR number of CARVE SOLUTIONS ApS?
CARVE SOLUTIONS ApS is registered with CVR / Virk under CVR 36407476.
What is the revenue of CARVE SOLUTIONS ApS?
CARVE SOLUTIONS ApS reported revenue of DKK 33.8m in 2025.
Who is the chairman of CARVE SOLUTIONS ApS?
Torben Stig Christensen chairs the board of CARVE SOLUTIONS ApS.
Where is CARVE SOLUTIONS ApS headquartered?
CARVE SOLUTIONS ApS's registered address is Købmagergade 11, 2..