Trustworks Technology ApS
APSActiveAdvertising protectionCVR 44232855Hauser Plads 1, 1127 København KComputer programming activities· NACE 6210Est. 2023 · 3 years old26 employees
Loading company…
Overview
Trustworks Technology ApS is a Danish APS based in København K, operating in the Computer programming activities sector. Incorporated in 2023, the company has 26 employees and reported a gross profit of DKK 10.6m in its latest annual filing.
Gross profit 2025
10.6M DKK
+130% vs 2024
EBITDA margin (of gross profit)
−20.1 %
−135% vs 2024
Net profit 2025
-1.8M DKK
-136% vs 2024
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
-36.9 %
Very weakAmong the 20% lowest rated companies in the industry
20242025
Liquidity ratioCurrent assets ÷ Short-term debt
0.7×
WeakAmong the 30% lowest rated companies in the industry
20242025
Return on assets (ROA)Net profit ÷ Total assets × 100
-26.3 %
Very weakAmong the 20% lowest rated companies in the industry
20242025
EBITDA — year on year
DKK thousandsKey figures
Annual report 2025| Gross profit | 10.6M DKK | +130% |
| EBITDA | -2.1M DKK | -135% |
| Net profit | -1.8M DKK | -136% |
| Total assets | 6.9M DKK | +55% |
| Equity | -2.6M DKK | -249% |
| Employees | 26 | — |
Company information
Legal name
Trustworks Technology ApS
CVR number
44232855
Legal form
Anpartsselskab
NACE code
Founded
12 August 2023 · 3 years
Share capital
DKK 40,000
Employees
26 (FTE)
VAT registered
Yes
Audit selected
Yes
Last report
2025-06-30
Financial year
January – December
Signatory rights
Selskabet tegnes af den administrerende direktør i forening med bestyrelsesformanden
eller af den samlede bestyrelse i forening.
Company purpose
Selskabets formål er udvikling af IT-systemer samt hermed beslægtet virksomhed.
(no translation available)
Contact
Address
Hauser Plads 1, 1127 København K
Advertising protection
Active — opted out of marketing use
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), Trustworks Technology ApS reported a gross profit of DKK 10.6m, an increase of 130% on the year before. The figures on this page draw on 2 annual filings covering 2024 to 2025. The bottom line showed a net loss of DKK 1.8m, and the EBITDA margin stood at -20.1%.
At the end of 2025, current assets covered short-term debt 0.7 times.
Financials
Gross profit
DKK millionsEBITDA
DKK thousandsIncome statement
DKK thousands| Item | 2025 | 2024 |
|---|---|---|
| Gross profit | 10,609 | 4,610 |
| Staff expenses | -12,740 | -5,515 |
| EBITDA | -2,131 | -905 |
| Depreciation & amort. | -0 | -0 |
| EBIT | -2,131 | -905 |
| Net financials | -200 | -83 |
| Profit before tax | -2,332 | -989 |
| Tax | -507 | -216 |
| Net profit | -1,824 | -773 |
Get a credit rating – not just the numbers
Financial statements show the past. Risika gives you a score and a recommended credit limit, so you know what the numbers mean for your risk.
Balance sheet
DKK thousands| Item | 2025 | 2024 |
|---|---|---|
| Total assets | 6,924 | 4,461 |
| Equity | -2,557 | -733 |
| Long-term debt | 0 | 0 |
| Short-term debt | 9,481 | 5,193 |
| Total debt | 9,481 | 5,193 |
Financial ratios
5-year trendEBITDA margin (of gross profit)
-20.1 %
20242025
Equity ratio
-36.9 %
Very weakAmong the 20% lowest rated companies in the industry
20242025
Return on equity
—
20242025
Net profit margin (of gross profit)
-17.2 %
20242025
Asset turnover (of gross profit)
1.53×
20242025
Debt / equity
—
20242025
Sector performance
16 of 28 ratios graded28 financial ratios from the latest filing, each graded against companies in the same industry.
Profitability
Return on assets (ROA)Very weak
Among the 20% lowest rated companies in the industry
Net profit as a percentage of total assets — the return generated on the capital employed.
Basic earning power (BEP)Very weak
Among the 20% 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 ratioWeak
Among the 30% 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.
Gross marginNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
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 marginNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
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 marginNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
The profit for the year as a share of revenue — the company's ability to turn revenue into profit.
Return on equity (ROE)Not rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Net profit as a percentage of equity — the return the owners earned on their invested capital this year.
Return on net assets (RONA)Not rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Profit relative to net assets (total assets minus total debt) — the ability to generate earnings from the net asset base alone.
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 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.
Cash conversion ratioAverage
Around the average of companies in the same industry
Cash flow relative to profit — the ability to convert reported profits into accessible cash.
Current assets to equityNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
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 capitalNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
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.
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.
Income to debtWeak
Among the 30% 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 40% lowest rated companies in the industry
Financial expenses relative to total liabilities — the effective interest rate the company pays on its debt.
Interest marginVery weak
Among the 20% 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.
Debt to equityNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Debt relative to equity — the company's leverage. A higher value means heavier reliance on debt financing.
Liabilities to equityNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Total liabilities relative to equity — whether the company operates primarily on borrowed capital or on its own.
Efficiency & development
Equity to contributed capitalVery weak
Among the 10% lowest 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 debtVery weak
Among the 20% lowest rated companies in the industry
The size of this year's increase or decrease in the company's debt.
Asset turnoverNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Revenue relative to total assets — the ability to generate revenue from the asset base.
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.
One-year change in equityNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
The size of this year's increase or decrease in the company's equity.
Annual reports & filings
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|---|---|
| Current (4) | ||
SM Management | Management | 2026 |
JC Management | Management | 2023 |
HE Chief Executive Officer | Chief Executive Officer | 2025 |
TB Management | Management | 2026 |
Former (1)
AW Chief Executive Officer | Chief Executive Officer | 2023 – 2025 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (4) | ||
TH Board of Directors | Board of Directors | 2023 |
JC Board of Directors | Board of Directors | 2023 |
HE Chairman | Chairman | 2023 |
TF Board of Directors | Board of Directors | 2023 |
Former (1)
AW Board of Directors | Board of Directors | 2023 – 2025 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 66.67–89.99% | 66.67–89.99% | 2023 | |
| Company | 10–14.99% | 10–14.99% | 2023 | |
| Company | 15–19.99% | 15–19.99% | 2023 |
Beneficial ownership (UBO) data access is restricted in Denmark as of September 2025 per the EU 6th AML Directive. Learn more.
One in three Danish companies experiences fraud
Sound familiar? See how to strengthen your defences and catch suspicious changes in ownership and management in time.
Related companies
Company hierarchy
Cloud Create Holding ApS
Trustworks Technology ApS (this company)Board network connections
Board members of Trustworks Technology ApS also hold positions in 17 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Thomas Houlind Munk Gammelvind | Board of Directors | 5 companies |
| Hans Ernst Lassen | Chief Executive Officer | 4 companies |
| Tobias Frits Hammer Kjølsen | Board of Directors | 4 companies |
| Stephan Mosko Jensen | Management | 1 company |
| Jeppe Cramon | Management | 1 company |
| Arne Winther | Chief Executive Officer | 1 company |
| Thomas Buchholdt | Management | 1 company |
Frequently asked questions
What is the CVR number of Trustworks Technology ApS?
Trustworks Technology ApS is registered with CVR / Virk under CVR 44232855.
What is the gross profit of Trustworks Technology ApS?
Trustworks Technology ApS reported a gross profit of DKK 10.6m in 2025.
How many employees does Trustworks Technology ApS have?
Trustworks Technology ApS employs 26 people as of the latest annual report.
Who is the CEO of Trustworks Technology ApS?
Hans Ernst Lassen is the CEO of Trustworks Technology ApS, in role since 2025.
Who is the chairman of Trustworks Technology ApS?
Hans Ernst Lassen chairs the board of Trustworks Technology ApS.
Where is Trustworks Technology ApS headquartered?
Trustworks Technology ApS's registered address is Hauser Plads 1, 4..