Group (koncern)
A group (koncern) is a set of companies in which a parent company has control over one or more subsidiaries, typically by holding the majority of votes. The group itself is not a legal person; each company has its own CVR number.
The figures behind the term
Source: companydata.dk, CVR and annual reports, updated 16 October 2026
Control normally means the parent holds more than half of the voting rights, but it can also follow from agreements or the right to appoint the majority of the board. Danish groups are often built with a holding company at the top and operating companies below.
Consolidated financial statements
Parent companies in reporting classes C and D must prepare consolidated financial statements in which all companies are combined as if they were one. Small groups in class B are exempt. When reading a parent company's accounts, check whether the figures are for the company alone or for the whole group.
The group in CVR
CVR does not show the group as one unit, but the ownership relations between the companies are public through the legal and beneficial owners. Following the ownership chain upwards leads to the ultimate parent and the people who ultimately control the group.
Frequently asked questions
When is there a group?
When one company has controlling influence over one or more others, typically by holding the majority of the votes.
What are consolidated accounts?
A combined set of accounts for the parent and its subsidiaries, where intra-group balances and trading are eliminated so the group appears as a single business.
Must every group prepare consolidated accounts?
No. Small groups may omit them, and a parent that is itself included in a larger set of consolidated accounts can be exempt.
Related terms
Holding company (holdingselskab)
A holding company (holdingselskab) is a company (typically an ApS or A/S) whose primary purpose is to own shares in other companies rather than run its own operations. The structure is used to separate risk and defer tax.
Legal owners (legale ejere)
Legal owners (legale ejere) are the direct owners of a company holding at least 5% of the share capital or voting rights. Legal owners can be both natural persons and other companies, and stakes are registered in intervals (5-10%, 10-15%, etc.).
Beneficial owners (reelle ejere)
Beneficial owners (reelle ejere) are the natural persons who ultimately own or control a company, as a starting point, persons with more than 25% of the shares or voting rights, directly or indirectly through other companies.
Annual report (årsrapport)
An annual report (årsrapport) is a company's complete official financial reporting for a fiscal year, typically income statement, balance sheet, notes, and management review, filed with the Danish Business Authority and made public.