Owners, management and financials
CVR: 33361319
Secondary names: IBAPPS A/S
Previous names: INSURANCE BUSINESS APPLICATIONS ApS
EUR 4,266,000
Gross profit
Net result: EUR -2,419,000
BLADT & CO. ApS (50-66,65%), NCP-IVS FUND III K/S (15-19,99%)
CVR · view owners
Morten Bruun Steiner, Søren Degn Jahns
Board: Niels Ulrik Mortensen (chair) and 3 members
CVR · view management
Active
Founded 8 December 2010
CVR · view overview
24 employees
CVR · 2026
Director registered: Søren Degn Jahns
CVR · 07/07/2026
View the full event history
INSURANCE BUSINESS APPLICATIONS A/S is a Danish company of the type Aktieselskab based in København S, founded in 2010. The company is registered under the industry Computerprogrammering. The company was previously named INSURANCE BUSINESS APPLICATIONS ApS. The management consists of Morten Bruun Steiner and Søren Degn Jahns. The board consists of Niels Ulrik Mortensen (chair), Rolf Henrik Bladt, Thomas Weilby Knudsen and Torben Bjerring. The company is owned by BLADT & CO. ApS and NCP-IVS FUND III K/S. The company has 24 employees (2026). In 2025, the company reported a gross profit of EUR 4,266,000 and a net result of EUR -2,419,000 compared with EUR -1,389,062 the year before. Equity in the 2025 report amounted to EUR 6,807,000.
Source: annual report 2025, Danish Business Authority
The financial health of INSURANCE BUSINESS APPLICATIONS A/S shows a concerning trend, with consistent losses over the past five years. Gross profit has fluctuated, peaking at 4,266,000 EUR in 2025, but the company reported a significant loss of 2,419,000 EUR for that year. Equity has decreased from 6,992,600 EUR in 2024 to 6,807,000 EUR in 2025, indicating potential challenges in maintaining financial stability. The company has not disclosed revenue figures, which complicates the assessment of its market position within the computer programming industry. Overall, the persistent negative profits and declining equity raise concerns about its long-term viability and operational efficiency.
AI-generated summary · Generated 14/08/2026
Selskabets formål er handel med forsikringssoftware og beslægtede aktiviteter
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 | 4.3M EUR | -2.4M EUR | 11.4M EUR | 6.8M EUR | 56 | |
| 202401/01/2024 – 31/12/2024 | 3.6M EUR | -1.4M EUR | 12.6M EUR | 7M EUR | 52 | |
| 202301/01/2023 – 31/12/2023 | 3.6M EUR | -1.4M EUR | 11.2M EUR | 5.4M EUR | 54 | |
| 202201/01/2022 – 31/12/2022 | -217K EUR | -4.1M EUR | 6.7M EUR | 1.4M EUR | 60 | |
| 202101/01/2021 – 31/12/2021 | -1.2M EUR | -4.9M EUR | 8.4M EUR | 3.7M EUR | 64 | |
| 202001/01/2020 – 31/12/2020 | 1.2M EUR | -2.2M EUR | 7M EUR | -272K EUR | 59 | |
| 201901/01/2019 – 31/12/2019 | -1.1M EUR | -4.8M EUR | 5.8M EUR | -1.6M EUR | 27 | |
| 201801/01/2018 – 31/12/2018 | 2.6M EUR | -1.9M EUR | 4.7M EUR | -1.3M EUR | 45 | |
| 201701/01/2017 – 31/12/2017 | 5M | -35.8M | 24.9M | -25.2M | 45 | |
| 201601/01/2016 – 31/12/2016 | 5.7M | -18.4M | 23.7M | -7.7M | 30 | |
| 201501/01/2015 – 31/12/2015 | 10.9M | -7.1M | 15.2M | -2.3M | - | |
| 201401/01/2014 – 31/12/2014 | 8.5M | -3.7M | 16.9M | 4.8M | - | |
| 201301/01/2013 – 31/12/2013 | 2.7M | -5.6M | 13.6M | 1.6M | - | |
| 201201/01/2012 – 31/12/2012 | 4.9M | 6K | 2.3M | 197K | - |
Compared to 4.544 companies in Computerprogrammering
Comparison is based on industry median values
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Try company screeningThe CVR number of INSURANCE BUSINESS APPLICATIONS A/S is 33361319.
INSURANCE BUSINESS APPLICATIONS A/S is owned by BLADT & CO. ApS and NCP-IVS FUND III K/S.
The management of INSURANCE BUSINESS APPLICATIONS A/S consists of Morten Bruun Steiner and Søren Degn Jahns.
The board of INSURANCE BUSINESS APPLICATIONS A/S consists of Niels Ulrik Mortensen, Rolf Henrik Bladt and Thomas Weilby Knudsen, with Niels Ulrik Mortensen as chair.
In 2025, INSURANCE BUSINESS APPLICATIONS A/S reported a gross profit of EUR 4,266,000.
INSURANCE BUSINESS APPLICATIONS A/S had 24 employees in 2026 according to the Danish CVR register.
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As of August 20, 2026, Bjarne Toftlund has left the board of directors of INSURANCE BUSINESS APPLICATIONS A/S.
As of July 7, 2026, Søren Degn Jahns is registered as director of INSURANCE BUSINESS APPLICATIONS A/S.
INSURANCE BUSINESS APPLICATIONS A/S has published its annual report for 2025. Gross profit came to DKK 4,266,000, and the net result was DKK -2,419,000.
INSURANCE BUSINESS APPLICATIONS A/S has published its annual report for 2024. Gross profit came to DKK 3,636,049, and the net result was DKK -1,389,062.
As of March 28, 2025, Beierholm Godkendt Revisionspartnerselskab has been appointed auditor of INSURANCE BUSINESS APPLICATIONS A/S.
As of March 28, 2025, Grant Thornton, Godkendt Revisionspartnerselskab has stepped down as auditor of INSURANCE BUSINESS APPLICATIONS A/S.
As of March 28, 2025, Torben Bjerring has joined the board of directors of INSURANCE BUSINESS APPLICATIONS A/S.
As of March 28, 2025, Bjarne Toftlund has joined the board of directors of INSURANCE BUSINESS APPLICATIONS A/S.
As of March 28, 2025, Anders Engdal has left the board of directors of INSURANCE BUSINESS APPLICATIONS A/S.
As of March 28, 2025, Christian Winther has left the board of directors of INSURANCE BUSINESS APPLICATIONS A/S.
As of March 28, 2025, BLADT & CO. ApS is registered as an owner of INSURANCE BUSINESS APPLICATIONS A/S with an ownership share of 50%.
INSURANCE BUSINESS APPLICATIONS A/S has published its annual report for 2023. Gross profit came to DKK 3,550,245, and the net result was DKK -1,353,675.
As of April 30, 2024, Jesper Slot has stepped down as director of INSURANCE BUSINESS APPLICATIONS A/S.
INSURANCE BUSINESS APPLICATIONS A/S has published its annual report for 2022. Gross profit came to DKK -217,158, and the net result was DKK -4,078,976.
As of April 18, 2023, Grant Thornton, Godkendt Revisionspartnerselskab has been appointed auditor of INSURANCE BUSINESS APPLICATIONS A/S.
As of April 18, 2023, DELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB has stepped down as auditor of INSURANCE BUSINESS APPLICATIONS A/S.
As of April 18, 2023, Rolf Henrik Bladt has joined the board of directors of INSURANCE BUSINESS APPLICATIONS A/S.
As of April 18, 2023, Christian Winther has joined the board of directors of INSURANCE BUSINESS APPLICATIONS A/S.
As of April 18, 2023, Erik Balck Sørensen has left the board of directors of INSURANCE BUSINESS APPLICATIONS A/S.
As of January 26, 2023, NCP-IVS FUND III K/S is registered as an owner of INSURANCE BUSINESS APPLICATIONS A/S with an ownership share of 15%.
INSURANCE BUSINESS APPLICATIONS A/S has published its annual report for 2021. Gross profit came to DKK -1,150,464, and the net result was DKK -4,920,420.
As of May 16, 2022, Morten Bruun Steiner is registered as adm. dir. of INSURANCE BUSINESS APPLICATIONS A/S.
As of May 16, 2022, Jesper Slot is registered as director of INSURANCE BUSINESS APPLICATIONS A/S.
As of May 15, 2022, Jesper Slot has stepped down as adm. dir. of INSURANCE BUSINESS APPLICATIONS A/S.
As of April 6, 2022, Jesper Slot is registered as adm. dir. of INSURANCE BUSINESS APPLICATIONS A/S.
As of April 6, 2022, Michael Koehn Milland has stepped down as adm. dir. of INSURANCE BUSINESS APPLICATIONS A/S.
As of April 5, 2022, Jesper Slot has stepped down as director of INSURANCE BUSINESS APPLICATIONS A/S.
As of October 15, 2021, Thomas Weilby Knudsen has joined the board of directors of INSURANCE BUSINESS APPLICATIONS A/S.
As of October 15, 2021, Niels Ulrik Mortensen has joined the board of directors of INSURANCE BUSINESS APPLICATIONS A/S.
As of October 15, 2021, Kim Wiencken has left the board of directors of INSURANCE BUSINESS APPLICATIONS A/S.
As of October 14, 2021, Thomas Weilby Knudsen has left the board of directors of INSURANCE BUSINESS APPLICATIONS A/S.
INSURANCE BUSINESS APPLICATIONS A/S has published its annual report for 2020. Gross profit came to DKK 1,184,533, and the net result was DKK -2,237,847.
As of June 28, 2021, Jesper Slot is registered as director of INSURANCE BUSINESS APPLICATIONS A/S.
As of June 28, 2021, Michael Koehn Milland is registered as adm. dir. of INSURANCE BUSINESS APPLICATIONS A/S.
On June 28, 2021, the company changed its name from INSURANCE BUSINESS APPLICATIONS ApS to INSURANCE BUSINESS APPLICATIONS A/S.
As of June 27, 2021, Jesper Slot has stepped down as adm. dir. of INSURANCE BUSINESS APPLICATIONS A/S.
As of February 17, 2021, Jesper Slot is registered as adm. dir. of INSURANCE BUSINESS APPLICATIONS A/S.
As of February 17, 2021, Morten Borum has stepped down as adm. dir. of INSURANCE BUSINESS APPLICATIONS A/S.
INSURANCE BUSINESS APPLICATIONS A/S has published its annual report for 2019. Gross profit came to DKK -1,110,912, and the net result was DKK -4,828,549.
As of July 17, 2020, Kim Wiencken has joined the board of directors of INSURANCE BUSINESS APPLICATIONS A/S.
As of July 17, 2020, Dennis Landbo Nielsen has left the board of directors of INSURANCE BUSINESS APPLICATIONS A/S.
INSURANCE BUSINESS APPLICATIONS A/S has published its annual report for 2018. Gross profit came to DKK 2,626,367, and the net result was DKK -1,875,417.
INSURANCE BUSINESS APPLICATIONS A/S has published its annual report for 2017. Gross profit came to DKK 5,031,218, and the net result was DKK -35,774,737.
As of March 14, 2018, Erik Balck Sørensen has joined the board of directors of INSURANCE BUSINESS APPLICATIONS A/S.
As of November 16, 2017, Thomas Weilby Knudsen has joined the board of directors of INSURANCE BUSINESS APPLICATIONS A/S.
As of November 16, 2017, Dennis Landbo Nielsen has joined the board of directors of INSURANCE BUSINESS APPLICATIONS A/S.
As of November 16, 2017, Ole Skov has left the board of directors of INSURANCE BUSINESS APPLICATIONS A/S.
As of November 15, 2017, Thomas Weilby Knudsen has left the board of directors of INSURANCE BUSINESS APPLICATIONS A/S.
As of September 7, 2017, Morten Borum is registered as adm. dir. of INSURANCE BUSINESS APPLICATIONS A/S.
As of September 7, 2017, Anders Engdal has stepped down as adm. dir. of INSURANCE BUSINESS APPLICATIONS A/S.
INSURANCE BUSINESS APPLICATIONS A/S has published its annual report for 2016. Gross profit came to DKK 5,655,833, and the net result was DKK -18,420,622.
INSURANCE BUSINESS APPLICATIONS A/S has published its annual report for 2015. Gross profit came to DKK 10,928,585, and the net result was DKK -7,098,357.
INSURANCE BUSINESS APPLICATIONS A/S has published its annual report for 2014. Gross profit came to DKK 8,459,009, and the net result was DKK -3,726,208.
As of July 23, 2014, Thomas Weilby Knudsen has joined the board of directors of INSURANCE BUSINESS APPLICATIONS A/S.
As of July 23, 2014, Ole Skov has joined the board of directors of INSURANCE BUSINESS APPLICATIONS A/S.
As of May 31, 2014, Ole Skov has left the board of directors of INSURANCE BUSINESS APPLICATIONS A/S.
INSURANCE BUSINESS APPLICATIONS A/S has published its annual report for 2013. Gross profit came to DKK 2,747,457, and the net result was DKK -5,578,714.
INSURANCE BUSINESS APPLICATIONS A/S has published its annual report for 2012. Gross profit came to DKK 4,916,913, and the net result was DKK 5,968.
As of February 8, 2013, Ole Skov has joined the board of directors of INSURANCE BUSINESS APPLICATIONS A/S.
As of February 8, 2013, Steen Rode has left the board of directors of INSURANCE BUSINESS APPLICATIONS A/S.
As of February 8, 2013, Søren Degn Jahns has left the board of directors of INSURANCE BUSINESS APPLICATIONS A/S.
As of October 13, 2011, DELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB has been appointed auditor of INSURANCE BUSINESS APPLICATIONS A/S.
As of October 13, 2011, REVISIONS- OG FORVALTNINGS- INSTITUTET, AKTIESELSKAB has stepped down as auditor of INSURANCE BUSINESS APPLICATIONS A/S.
As of February 18, 2011, Ole Skov has left the board of directors of INSURANCE BUSINESS APPLICATIONS A/S.
As of February 3, 2011, Ole Skov has joined the board of directors of INSURANCE BUSINESS APPLICATIONS A/S.
As of December 8, 2010, REVISIONS- OG FORVALTNINGS- INSTITUTET, AKTIESELSKAB has been appointed auditor of INSURANCE BUSINESS APPLICATIONS A/S.
As of December 8, 2010, Steen Rode has joined the board of directors of INSURANCE BUSINESS APPLICATIONS A/S.
As of December 8, 2010, Anders Engdal has joined the board of directors of INSURANCE BUSINESS APPLICATIONS A/S.
As of December 8, 2010, Søren Degn Jahns has joined the board of directors of INSURANCE BUSINESS APPLICATIONS A/S.
As of December 8, 2010, Anders Engdal is registered as adm. dir. of INSURANCE BUSINESS APPLICATIONS A/S.
INSURANCE BUSINESS APPLICATIONS A/S was founded on December 8, 2010.
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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