Upgrader A/S: Financial statements 2020
CVR: 29843848
Source: annual report 2020, Danish Business Authority
01/07/2019 – 30/06/2020
Upgrader A/S (CVR 29843848) has filed annual accounts for 2020. In 2020, the company reported a gross profit of DKK 9,634,076 and a net result of DKK 1,041,947 compared with DKK 900,453 the year before. That is an increase of 2.7% compared with the year before. Equity in the 2020 report amounted to DKK 7,101,373. The solvency ratio was 38.4%.
- Gross Profit
- DKK 9,634,076
- Profit/Loss
- DKK 1,041,947
- Equity
- DKK 7,101,373
- Total Assets
- DKK 18,509,185
Development
| Year | Revenue | Gross Profit | Profit/Loss | Equity | Employees |
|---|---|---|---|---|---|
| 2020 | - | 9.6 mio. | 1 mio. | 7.1 mio. | - |
| 2019 | - | 9.4 mio. | 900 t. | 6.1 mio. | - |
| 2018 | - | 9.5 mio. | 1.3 mio. | 5.2 mio. | - |
| 2017 | - | 9.4 mio. | 308 t. | 4.6 mio. | - |
| 2016 | - | 1.7 mio. | -13 t. | -343 t. | - |
Official annual report
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Upgrader A/S is a Danish company of the type Aktieselskab based in Herlev, founded in 2006. The company is registered under the industry Ikke-specialiseret engroshandel. The company was previously named MS Branding A/S and UPGRADER ApS. The management consists of Michael Grell Sørensen. The board consists of Michael Grell Sørensen and Michael Willumsen. The company is owned by JENSEN MANAGEMENT ApS and MBJ XCI-XXV ApS. The company has 12 employees (2026). In 2025, the company reported a gross profit of DKK 9,216,668 and a net result of DKK -1,818,310 compared with DKK -1,829,333 the year before. Equity in the 2025 report amounted to DKK 10,241,109.