Owners, management and financials
CVR: 27230288
Previous names: ApS KBUS 17 NR. 2559, TARGET DISTRIBUTION ApS
DKK 2,548,556
Gross profit
Net result: DKK 680,371
HVOLGAARD ApS (100%)
CVR · view owners
Michael Hvolgaard Andersen
CVR · view management
Active
Founded 1 July 2003
CVR · view overview
17 employees
CVR · 2026
Owner registered: HVOLGAARD ApS
CVR · 01/10/2019
View the full event history
TARGET GROUP ApS is a Danish company of the type Anpartsselskab based in København V, founded in 2003. The company is registered under the industry Indspilning af lydoptagelser og udgivelse af musik. The company was previously named TARGET DISTRIBUTION ApS and ApS KBUS 17 NR. 2559. The management consists of Michael Hvolgaard Andersen. The company is owned by HVOLGAARD ApS. The company has 17 employees (2026). In 2025, the company reported a gross profit of DKK 2,548,556 and a net result of DKK 680,371 compared with DKK 970,622 the year before. Equity in the 2025 report amounted to DKK 2,652,980.
Source: annual report 2025, Danish Business Authority
TARGET GROUP ApS demonstrates a stable financial health with a consistent gross profit trend, increasing from 1,721,236 DKK in 2022 to 2,870,312 DKK in 2024. Profitability has also improved, peaking at 970,622 DKK in 2024, indicating effective cost management and operational efficiency. The company's equity has shown a positive trajectory, reaching 2,652,980 DKK in 2025, which strengthens its financial position. However, the absence of disclosed revenue figures raises concerns about transparency and overall market performance within the music recording and publishing industry.
AI-generated summary · Generated 16/08/2026
Selskabets formål er distribution af musik, CD og plader
Source: annual reports filed with the Danish Business Authority.
| Period | Gross Profit | Profit/Loss | Total Assets | Equity | Employees | Report |
|---|---|---|---|---|---|---|
| 202501/01/2025 – 31/12/2025 | 2.5 mio. | 680 t. | 3.7 mio. | 2.7 mio. | 3 | |
| 202401/01/2024 – 31/12/2024 | 2.9 mio. | 971 t. | 3.9 mio. | 2.6 mio. | 3 | |
| 202301/01/2023 – 31/12/2023 | 2.5 mio. | 699 t. | 3 mio. | 1.7 mio. | 2 | |
| 202201/01/2022 – 31/12/2022 | 1.7 mio. | 515 t. | 3.5 mio. | 1.1 mio. | 1 | |
| 202101/01/2021 – 31/12/2021 | 1.9 mio. | 750 t. | 3.9 mio. | 1.1 mio. | 1 | |
| 202001/01/2020 – 31/12/2020 | 1.8 mio. | 704 t. | 3.2 mio. | 1.8 mio. | 2 | |
| 201901/01/2019 – 31/12/2019 | 1.3 mio. | 363 t. | 3.2 mio. | 1.6 mio. | 3 | |
| 201801/01/2018 – 31/12/2018 | 1.2 mio. | 71 t. | 2.6 mio. | 2 mio. | 3 | |
| 201701/01/2017 – 31/12/2017 | 1.3 mio. | 409 t. | 3.2 mio. | 2 mio. | 4 | |
| 201601/01/2016 – 31/12/2016 | 1.2 mio. | 292 t. | 3 mio. | 1.7 mio. | 2 | |
| 201501/01/2015 – 31/12/2015 | 2.1 mio. | 586 t. | 2.7 mio. | 1.4 mio. | 3 | |
| 201401/01/2014 – 31/12/2014 | 1.6 mio. | -245 t. | 3.8 mio. | 850 t. | - | |
| 201301/01/2013 – 31/12/2013 | 2.6 mio. | 402 t. | 6.3 mio. | 1.1 mio. | - | |
| 201201/01/2012 – 31/12/2012 | 1.9 mio. | 302 t. | 3.8 mio. | 993 t. | - |
Compared to 428 companies in Indspilning af lydoptagelser og udgivelse af musik
Comparison is based on industry median values
Screen owners and management against the Danish FSA's official PEP lists
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See the API documentationThe CVR number of TARGET GROUP ApS is 27230288.
TARGET GROUP ApS is owned by HVOLGAARD ApS.
The management of TARGET GROUP ApS consists of Michael Hvolgaard Andersen.
In 2025, TARGET GROUP ApS reported a gross profit of DKK 2,548,556.
TARGET GROUP ApS had 17 employees in 2026 according to the Danish CVR register.
TARGET GROUP ApS was founded on 1 July 2003.
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TARGET GROUP ApS has published its annual report for 2025. Gross profit came to DKK 2,548,556, and the net result was DKK 680,371.
TARGET GROUP ApS has published its annual report for 2024. Gross profit came to DKK 2,870,312, and the net result was DKK 970,622.
TARGET GROUP ApS has published its annual report for 2023. Gross profit came to DKK 2,546,760, and the net result was DKK 698,611.
TARGET GROUP ApS has published its annual report for 2022. Gross profit came to DKK 1,721,236, and the net result was DKK 515,095.
TARGET GROUP ApS has published its annual report for 2021. Gross profit came to DKK 1,930,297, and the net result was DKK 750,286.
TARGET GROUP ApS has published its annual report for 2020. Gross profit came to DKK 1,787,223, and the net result was DKK 703,666.
TARGET GROUP ApS has published its annual report for 2019. Gross profit came to DKK 1,252,436, and the net result was DKK 362,956.
As of October 1, 2019, HVOLGAARD ApS is registered as an owner of TARGET GROUP ApS with an ownership share of 100%.
TARGET GROUP ApS has published its annual report for 2018. Gross profit came to DKK 1,201,881, and the net result was DKK 71,138.
As of June 24, 2019, Din Revisor Frederiksberg P/S Godkendte Revisorer has stepped down as auditor of TARGET GROUP ApS.
TARGET GROUP ApS has published its annual report for 2017. Gross profit came to DKK 1,282,223, and the net result was DKK 408,872.
As of May 10, 2018, Din Revisor Frederiksberg P/S Godkendte Revisorer has been appointed auditor of TARGET GROUP ApS.
As of May 10, 2018, Boreco Statsautoriseret Revisionspartnerselskab has stepped down as auditor of TARGET GROUP ApS.
TARGET GROUP ApS has published its annual report for 2016. Gross profit came to DKK 1,184,036, and the net result was DKK 291,752.
TARGET GROUP ApS has published its annual report for 2015. Gross profit came to DKK 2,104,701, and the net result was DKK 586,404.
As of January 1, 2016, Boreco Statsautoriseret Revisionspartnerselskab has been appointed auditor of TARGET GROUP ApS.
As of December 31, 2015, BKL Consulting has stepped down as auditor of TARGET GROUP ApS.
TARGET GROUP ApS has published its annual report for 2014. Gross profit came to DKK 1,566,132, and the net result was DKK -245,189.
TARGET GROUP ApS has published its annual report for 2013. Gross profit came to DKK 2,554,050, and the net result was DKK 402,455.
On September 3, 2013, the company changed its name from TARGET DISTRIBUTION ApS to TARGET GROUP ApS.
TARGET GROUP ApS has published its annual report for 2012. Gross profit came to DKK 1,877,825, and the net result was DKK 301,504.
As of November 17, 2003, BKL Consulting has been appointed auditor of TARGET GROUP ApS.
As of November 11, 2003, REVISIONSFIRMAET BENT ENBELBRET v/Bent engelbret-Pederdsen has stepped down as auditor of TARGET GROUP ApS.
As of July 4, 2003, REVISIONSFIRMAET BENT ENBELBRET v/Bent engelbret-Pederdsen has been appointed auditor of TARGET GROUP ApS.
As of July 4, 2003, JUT NR. 2180 A/S has stepped down as auditor of TARGET GROUP ApS.
As of July 4, 2003, Michael Hvolgaard Andersen is registered as director of TARGET GROUP ApS.
As of July 4, 2003, Kim Madsen has stepped down as adm. dir. of TARGET GROUP ApS.
On July 4, 2003, the company changed its name from ApS KBUS 17 NR. 2559 to TARGET DISTRIBUTION ApS.
As of July 1, 2003, JUT NR. 2180 A/S has been appointed auditor of TARGET GROUP ApS.
As of July 1, 2003, Kim Madsen is registered as adm. dir. of TARGET GROUP ApS.
TARGET GROUP ApS was founded on July 1, 2003.
Uneven Bits ApS is an independent IT consultancy founded and operated by Klaus Byskov Pedersen. With deep expertise in software architecture and systems design, I help organizations build robust, scalable, and maintainable technical solutions. Whether you need strategic guidance on technology decisions, hands-on architecture work, or help navigating complex technical challenges, I bring focused expertise and a practical approach to every engagement.
Selskabets formål er at udøve virksomhed med handel og service samt aktiviteter i tilknytning hertil.
Selskabets formål er IT- og kommunikationsvirksomhed samt virksomhed i øvrigt, der efter bestyrelsens skøn står i forbindelse hermed.
Selskabets formål er at udvikle, markedsføre, sælge og implementere software produkter til brug ved indkøbsstyring og dermed efter bestyrelsens skøn beslægtet virksomhed
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