ZeroNorth A/S
A/SActiveCVR 41052236Amagerfælledvej 106, 2300 København SOther software publishing· NACE 5829Est. 2020 · 6 years old114 employees
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Overview
ZeroNorth A/S is a Danish A/S based in København S, operating in the Other software publishing sector. Incorporated in 2020, the company has 114 employees and reported revenue of DKK 22.5m in its latest annual filing.
Revenue 2025
22.5M DKK
+29% vs 2024
EBITDA margin
−76.4 %
+40% vs 2024
Net profit 2025
-41.5M DKK
+38% vs 2024
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
65.1 %
StrongAmong the 40% highest rated companies in the industry
20212025
Liquidity ratioCurrent assets ÷ Short-term debt
0.8×
WeakAmong the 40% lowest rated companies in the industry
20212025
Return on assets (ROA)Net profit ÷ Total assets × 100
-28.9 %
WeakAmong the 30% lowest rated companies in the industry
20212025
EBITDA — year on year
DKK millionsKey figures
Annual report 2025| Revenue | 22.5M DKK | +29% |
| EBITDA | -17.2M DKK | +40% |
| Net profit | -41.5M DKK | +38% |
| Total assets | 143.7M DKK | -15% |
| Equity | 93.5M DKK | +3% |
| Employees | 114 | — |
Company information
Legal name
ZeroNorth A/S
CVR number
41052236
Legal form
Aktieselskab
NACE code
5829 · Other software publishing
Founded
1 January 2020 · 6 years
Share capital
DKK 1,991,463
Employees
114 (FTE)
VAT registered
Yes
Audit selected
Yes
Last report
2025-12-31
Financial year
January – December
Signatory rights
Selskabet tegnes af et bestyrelsesmedlem i forening med et medlem af direktionen eller af den samlede bestyrelse.
Company purpose
Selskabets formål er at udvikle, markedsføre, sælge, implementere og varetage driften af software og relaterede ydelser til virksomheder og institutioner, hvis aktiviteter er inden for eller relateret til skibsfart, befragtning og lignende virksomhed, anden transportvirksomhed, handel og service og industriel virksomhed i indland og udland, investering i anlægsaktiver og finansiering samt anden dermed beslægtet virksomhed. Selskabets formål kan enten opfyldes direkte eller ved aktiebesiddelse i andre selskaber.
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Address
Amagerfælledvej 106, 2300 København S
Risika for professionals
Risika provides regulated workflow tools for finance, procurement and compliance teams that need monitoring, alerts and an API.
Financial development
In its most recent annual report (2025), ZeroNorth A/S reported revenue of DKK 22.5m, an increase of 29% on the year before. The figures on this page draw on 5 annual filings covering 2021 to 2025. The bottom line showed a net loss of DKK 41.5m, and the EBITDA margin stood at -76.4%.
At the end of 2025, equity financed 65.1% of the balance sheet, and current assets covered short-term debt 0.8 times.
Financials
Revenue
DKK millionsEBITDA
DKK millionsIncome statement
DKK thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 22,517 | 17,521 | 10,880 | 6,781 | 3,102 |
| Staff expenses | -19,252 | -21,248 | -25,394 | -23,105 | -7,663 |
| EBITDA | -17,196 | -28,861 | -35,112 | -27,670 | -9,700 |
| Depreciation & amort. | -9,259 | -9,926 | -5,863 | -7,561 | -1,392 |
| EBIT | -26,455 | -38,787 | -40,976 | -35,231 | -11,092 |
| Net financials | -21,939 | -27,529 | 207 | -594 | 66 |
| Profit before tax | -48,394 | -66,317 | -40,769 | -35,825 | -11,026 |
| Tax | -6,924 | 862 | -4,014 | -3,053 | -2,841 |
| Net profit | -41,470 | -67,178 | -36,754 | -32,772 | -8,185 |
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Balance sheet
DKK thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total assets | 143,689 | 169,196 | 71,901 | 59,867 | 24,145 |
| Equity | 93,521 | 91,182 | 10,917 | 39,370 | 4,986 |
| Long-term debt | 4,229 | 41,005 | 135 | 6,672 | 15,524 |
| Short-term debt | 45,939 | 37,009 | 60,849 | 13,824 | 3,635 |
| Total debt | 50,168 | 78,014 | 60,984 | 20,497 | 19,159 |
Financial ratios
5-year trendEBITDA margin
-76.4 %
20212025
Equity ratio
65.1 %
StrongAmong the 40% highest rated companies in the industry
20212025
Return on equity
-44.3 %
Very weakAmong the 20% lowest rated companies in the industry
20212025
Net profit margin
-184.2 %
Very weakAmong the 20% lowest rated companies in the industry
20212025
Asset turnover
0.16×
WeakAmong the 40% lowest rated companies in the industry
20212025
Debt / equity
0.54×
AverageAround the average of companies in the same 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 marginWeak
Among the 30% 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 marginVery weak
Among the 20% 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 marginVery weak
Among the 20% 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)Very weak
Among the 20% lowest 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)Weak
Among the 30% 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)Very weak
Among the 20% lowest 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)Weak
Among the 30% lowest rated companies in the industry
EBIT relative to total assets — the company's earning power before the effects of tax and financial leverage.
Capacity ratioVery weak
Among the 20% lowest 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 40% 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 40% 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 ratioWeak
Among the 30% lowest 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 strong
Among the 10% highest 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 capitalVery weak
Among the 20% 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 weak
Among the 20% lowest rated companies in the industry
Cash flow relative to profit — the ability to convert reported profits into accessible cash.
Debt & solvency
Solidity ratioStrong
Among the 40% highest 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 ratioStrong
Among the 40% highest 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 equityAverage
Around the average of companies in the same industry
Debt relative to equity — the company's leverage. A higher value means heavier reliance on debt financing.
Liabilities to equityAverage
Around the average of companies in the same industry
Total liabilities relative to equity — whether the company operates primarily on borrowed capital or on its own.
Income to debtVery weak
Among the 20% lowest rated companies in the industry
Profit relative to debt — the ability to create earnings while operating with debt.
EBITDA to debtWeak
Among the 30% lowest rated companies in the industry
EBITDA relative to debt — how much operating earnings are available to service the debt.
Interest coverageWeak
Among the 30% lowest rated companies in the industry
The ability to pay the interest on the company's debt out of its earnings.
Interest rate on debtWeak
Among the 30% lowest rated companies in the industry
Financial expenses relative to total liabilities — the effective interest rate the company pays on its debt.
Interest marginWeak
Among the 30% lowest 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 turnoverWeak
Among the 40% lowest rated companies in the industry
Revenue relative to total assets — the ability to generate revenue from the asset base.
Equity to contributed capitalVery strong
Among the 10% 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 debtVery strong
Among the 20% 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 (2) | ||
SA Management | Management | 2026 |
SA Management | Management | 2026 |
Former (2)
SC Management | Management | 2020 – 2026 |
PA Management | Management | 2020 – 2020 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (6) | ||
EA Board of Directors | Board of Directors | 2020 |
SR Board of Directors | Board of Directors | 2026 |
MA Chairman | Chairman | 2026 |
EF Board of Directors | Board of Directors | 2025 |
MØ Board of Directors | Board of Directors | 2024 |
DB Board of Directors | Board of Directors | 2020 |
Former (9)
IG Board of Directors | Board of Directors | 2020 – 2024 |
RM Board of Directors | Board of Directors | 2020 – 2022 |
RM Board of Directors | Board of Directors | 2024 – 2025 |
TJ | Chairman | 2020 – 2020 |
BS Board of Directors | Board of Directors | 2024 – 2025 |
PA Board of Directors | Board of Directors | 2020 – 2020 |
RA Board of Directors | Board of Directors | 2023 – 2025 |
UL Board of Directors | Board of Directors | 2020 – 2020 |
CM Chairman | Chairman | 2020 – 2026 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 33.33–49.99% | 33.33–49.99% | 2024 | |
| Individual | 10–14.99% | 10–14.99% | 2024 | |
Cargill International SA | Company | 10–14.99% | 10–14.99% | 2024 |
Alpha Ori Investments LLC | Company | 5–9.99% | 5–9.99% | 2024 |
| Company | 5–9.99% | 5–9.99% | 2023 | |
| Company | 66.67–89.99% | 66.67–89.99% | 2020 | |
| Company | 100% | 100% | 2020 | |
Southern Route Maritime S.A. | Company | 5–9.99% | 5–9.99% | 2024 |
| Company | 5–9.99% | 5–9.99% | 2022 | |
BW Maritime Pte. Ltd. | Company | 5–9.99% | 5–9.99% | 2024 |
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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Company hierarchy
A.P. Møller Maritime ApS33.33%Cargill International SA10%Alpha Ori Investments LLC5%Maersk Tankers A/S66.67%Southern Route Maritime S.A.5%BW Maritime Pte. Ltd.5%
ZeroNorth A/S (this company)Board network connections
Board members of ZeroNorth A/S also hold positions in 57 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Robert Maersk Uggla | Board of Directors | 23 companiesMany roles |
| Peter Andreas Stakemann | Management | 9 companiesMany roles |
| Christian Michael Ingerslev | Chairman | 6 companiesMany roles |
| Søren Christian Meyer | Management | 4 companies |
| Mikael Øpstun Skov | Board of Directors | 4 companies |
| Steffen Risager | Board of Directors | 3 companies |
| Maria Aagaard Pejter | Chairman | 3 companies |
| Thomas Jeffrey Malherbes Gullacksen | Chairman | 2 companies |
| Søren Andersen | Management | 1 company |
| Ibrahim Gokcen | Board of Directors | 1 company |
| Danny Brian Lange | Board of Directors | 1 company |
Frequently asked questions
What is the CVR number of ZeroNorth A/S?
ZeroNorth A/S is registered with CVR / Virk under CVR 41052236.
What is the revenue of ZeroNorth A/S?
ZeroNorth A/S reported revenue of DKK 22.5m in 2025.
How many employees does ZeroNorth A/S have?
ZeroNorth A/S employs 114 people as of the latest annual report.
Who is the chairman of ZeroNorth A/S?
Maria Aagaard Pejter chairs the board of ZeroNorth A/S, in role since 2026.
Where is ZeroNorth A/S headquartered?
ZeroNorth A/S's registered address is Amagerfælledvej 106.