Owners, management and financials
CVR: 35633766
Previous names: PENNEO ApS
DKK 65,188,436
Gross profit
Net result: DKK -58,958,417
VISMA DANMARK HOLDING A/S (100%)
CVR · view owners
Mads Paludan Aabling
Board: Lars Erik Jacobsen (chair) and 4 members
CVR · view management
Active
Founded 9 January 2014
CVR · view overview
29 employees
CVR · 2018
Director role ended: Christian Stendevad
CVR · 01/04/2025
View the full event history
PENNEO A/S is a Danish company of the type Aktieselskab based in København V, founded in 2014. The company is registered under the industry Anden udgivelse af software. The company was previously named PENNEO ApS. The management consists of Mads Paludan Aabling. The board consists of Lars Erik Jacobsen (chair), Marie Møgelvang Weirich, Mikael Westöö and Oliver Klint Pedersen. The company is owned by VISMA DANMARK HOLDING A/S. The company has 29 employees (2018). In 2025, the company reported a gross profit of DKK 65,188,436 and a net result of DKK -58,958,417 compared with DKK -11,660,103 the year before. Equity in the 2025 report amounted to DKK -16,627,677.
Source: annual report 2025, Danish Business Authority
PENNEO A/S is currently facing significant financial challenges, as indicated by its declining profitability and negative net profits over the past few years. In 2025, the company reported a gross profit of 65.2 million DKK but incurred a loss of nearly 59 million DKK, following a trend of increasing losses from 11.7 million DKK in 2024 and 24.7 million DKK in 2023. While revenue has shown growth from 72 million DKK in 2022 to over 102 million DKK in 2024, the overall equity has decreased from 105.5 million DKK in 2022 to -16.6 million DKK in 2025, raising concerns about its financial stability. The company's position within the software industry remains uncertain, as it struggles with profitability despite a growing revenue base.
AI-generated summary · Generated 15/08/2026
Selskabets formål er udvikling af softwareløsninger til sikker håndtering, procesflow og opbevaring af dokumenter, data og signeringer eller anden tiltrædelse samt hermed beslægtet virksomhed.
Source: annual reports filed with the Danish Business Authority.
| Period | Revenue | Profit/Loss | Total Assets | Equity | Employees | Report |
|---|---|---|---|---|---|---|
| 202501/01/2025 – 31/12/2025 | - | -59 mio. | 65.7 mio. | -16.6 mio. | 77 | |
| 202401/01/2024 – 31/12/2024 | 102.1 mio. | -11.7 mio. | 127.5 mio. | 83.8 mio. | 90 | |
| 202301/01/2023 – 31/12/2023 | 88.4 mio. | -24.7 mio. | 140.7 mio. | 94.1 mio. | 104 | |
| 202201/01/2022 – 31/12/2022 | 72.1 mio. | -20.3 mio. | 152 mio. | 105.5 mio. | 85 | |
| 202101/01/2021 – 31/12/2021 | 54.3 mio. | -18.6 mio. | 104.5 mio. | 57 mio. | 78 | |
| 202001/01/2020 – 31/12/2020 | 35.5 mio. | -12.8 mio. | 95.9 mio. | 57.6 mio. | - | |
| 201901/01/2019 – 31/12/2019 | - | -445 t. | 31.3 mio. | 11.8 mio. | 33 | |
| 201801/01/2018 – 31/12/2018 | - | 2.2 mio. | 22.9 mio. | 6.1 mio. | 27 | |
| 201701/01/2017 – 31/12/2017 | - | -5.7 mio. | 7.8 mio. | -17.5 mio. | 22 | |
| 201601/01/2016 – 31/12/2016 | - | -7.8 mio. | 6.6 mio. | -11.8 mio. | 16 | |
| 201501/01/2015 – 31/12/2015 | - | -4.9 mio. | 5.8 mio. | -3.9 mio. | 10 | |
| 201401/01/2014 – 31/12/2014 | - | -3.2 mio. | 2.3 mio. | 996 t. | 6 |
Compared to 1.250 companies in Anden udgivelse af software
Comparison is based on industry median values
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Set up monitoringThe CVR number of PENNEO A/S is 35633766.
PENNEO A/S is owned by VISMA DANMARK HOLDING A/S.
The management of PENNEO A/S consists of Mads Paludan Aabling.
The board of PENNEO A/S consists of Lars Erik Jacobsen, Marie Møgelvang Weirich and Mikael Westöö, with Lars Erik Jacobsen as chair.
In 2025, PENNEO A/S reported a gross profit of DKK 65,188,436.
PENNEO A/S had 29 employees in 2018 according to the Danish CVR register.
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PENNEO A/S has published its annual report for 2025. Gross profit came to DKK 65,188,436, and the net result was DKK -58,958,417.
Contact info changed: new phone: 88741215, new email: [email protected], new website: www.penneo.com (April 1, 2026).
As of April 1, 2026, Oliver Klint Pedersen has joined the board of directors of PENNEO A/S.
As of March 31, 2026, Mohamed Milad Saleh has left the board of directors of PENNEO A/S.
As of February 28, 2026, Kasper Lyhr has left the board of directors of PENNEO A/S.
As of November 1, 2025, Mohamed Milad Saleh has joined the board of directors of PENNEO A/S.
As of October 31, 2025, Loredana Elena Musat has left the board of directors of PENNEO A/S.
As of April 1, 2025, Mads Paludan Aabling is registered as adm. dir. of PENNEO A/S.
As of April 1, 2025, Christian Stendevad has stepped down as adm. dir. of PENNEO A/S.
PENNEO A/S has published its annual report for 2024. Revenue came to DKK 102,109,173, and the net result was DKK -11,660,103.
As of March 12, 2025, EY Godkendt Revisionspartnerselskab has been appointed auditor of PENNEO A/S.
As of March 12, 2025, DELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB has stepped down as auditor of PENNEO A/S.
As of March 12, 2025, Rasmus Schepelern Hentze has joined the board of directors of PENNEO A/S.
As of March 12, 2025, Kasper Lyhr has joined the board of directors of PENNEO A/S.
As of March 12, 2025, Loredana Elena Musat has joined the board of directors of PENNEO A/S.
As of March 12, 2025, Marie Møgelvang Weirich has joined the board of directors of PENNEO A/S.
As of March 12, 2025, Mikael Westöö has joined the board of directors of PENNEO A/S.
As of March 12, 2025, Lars Erik Jacobsen has joined the board of directors of PENNEO A/S.
As of March 12, 2025, Kasper Erik Behrens has left the board of directors of PENNEO A/S.
As of March 12, 2025, Morten Kenneth Elk has left the board of directors of PENNEO A/S.
As of March 12, 2025, Eske Gunge has left the board of directors of PENNEO A/S.
As of March 12, 2025, Rikke Birgitte Skov has left the board of directors of PENNEO A/S.
As of March 12, 2025, Jostein Vik has left the board of directors of PENNEO A/S.
As of March 12, 2025, VISMA DANMARK HOLDING A/S is registered as an owner of PENNEO A/S with an ownership share of 100%.
PENNEO A/S has published its interim report for the period January 1, 2024 – September 30, 2024.
PENNEO A/S has published its interim report for the period January 1, 2024 – June 30, 2024.
PENNEO A/S has published its interim report for the period January 1, 2024 – March 31, 2024.
PENNEO A/S has published its annual report for 2023. Revenue came to DKK 88,449,388, and the net result was DKK -24,734,062.
As of April 11, 2024, Kasper Erik Behrens has joined the board of directors of PENNEO A/S.
As of April 11, 2024, Eske Gunge has joined the board of directors of PENNEO A/S.
As of April 11, 2024, Jostein Vik has joined the board of directors of PENNEO A/S.
As of April 10, 2024, Jakob Neua Nørgaard has left the board of directors of PENNEO A/S.
As of April 10, 2024, Steffen Peter Anker Heegaard has left the board of directors of PENNEO A/S.
As of April 10, 2024, Christian Sagild has left the board of directors of PENNEO A/S.
PENNEO A/S has published its interim report for the period July 1, 2023 – September 30, 2023.
PENNEO A/S has published its interim report for the period January 1, 2023 – June 30, 2023.
PENNEO A/S has published its interim report for the period January 1, 2023 – March 31, 2023.
PENNEO A/S has published its annual report for 2022. Revenue came to DKK 72,057,638, and the net result was DKK -20,259,107.
As of March 29, 2023, Jakob Neua Nørgaard has joined the board of directors of PENNEO A/S.
PENNEO A/S has published its interim report for the period January 1, 2022 – September 30, 2022.
PENNEO A/S has published its interim report for the period January 1, 2022 – June 30, 2022.
PENNEO A/S has published its interim report for the period January 1, 2022 – March 31, 2022.
PENNEO A/S has published its annual report for 2021. Revenue came to DKK 54,280,225, and the net result was DKK -18,634,631.
As of April 27, 2022, Steffen Peter Anker Heegaard has joined the board of directors of PENNEO A/S.
As of August 18, 2021, Christian Stendevad is registered as adm. dir. of PENNEO A/S.
As of August 18, 2021, Nicolaj Højer Nielsen has stepped down as adm. dir. of PENNEO A/S.
As of July 7, 2021, Michael Moesgaard Andersen has left the board of directors of PENNEO A/S.
PENNEO A/S has published its annual report for 2020. Revenue came to DKK 35,533,705, and the net result was DKK -12,802,649.
As of April 28, 2021, Christian Sagild has joined the board of directors of PENNEO A/S.
As of April 28, 2021, Morten Kenneth Elk has joined the board of directors of PENNEO A/S.
As of April 27, 2021, Morten Kenneth Elk has left the board of directors of PENNEO A/S.
As of March 5, 2021, Rikke Birgitte Skov has joined the board of directors of PENNEO A/S.
As of March 5, 2021, Jan Flora has left the board of directors of PENNEO A/S.
As of September 28, 2020, Nicolaj Højer Nielsen has left the board of directors of PENNEO A/S.
As of September 28, 2020, Nicolaj Højer Nielsen is registered as adm. dir. of PENNEO A/S.
As of September 28, 2020, Niels Henrik Rasmussen has stepped down as adm. dir. of PENNEO A/S.
On April 8, 2020, the company changed its name from PENNEO ApS to PENNEO A/S.
PENNEO A/S has published its annual report for 2019. Gross profit came to DKK 17,778,196, and the net result was DKK -444,517.
As of December 29, 2019, DELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB has been appointed auditor of PENNEO A/S.
As of December 29, 2019, CHRISTENSEN KJÆRULFF STATSAUTORISERET REVISIONSAKTIESELSKAB has stepped down as auditor of PENNEO A/S.
As of December 29, 2019, Michael Moesgaard Andersen has joined the board of directors of PENNEO A/S.
PENNEO A/S has published its annual report for 2018. Gross profit came to DKK 16,916,418, and the net result was DKK 2,173,450.
As of May 16, 2019, Jan Flora has joined the board of directors of PENNEO A/S.
As of January 23, 2019, Morten Kenneth Elk has joined the board of directors of PENNEO A/S.
As of January 23, 2019, Niels Henrik Rasmussen has left the board of directors of PENNEO A/S.
As of January 23, 2019, Niels Henrik Rasmussen is registered as adm. dir. of PENNEO A/S.
As of January 22, 2019, Morten Kenneth Elk has left the board of directors of PENNEO A/S.
As of January 22, 2019, Niels Henrik Rasmussen has stepped down as director of PENNEO A/S.
As of October 8, 2018, Niels Henrik Rasmussen is registered as director of PENNEO A/S.
As of October 8, 2018, Janek Borgmann has stepped down as adm. dir. of PENNEO A/S.
As of September 14, 2018, Morten Kenneth Elk has joined the board of directors of PENNEO A/S.
As of September 14, 2018, Anders Tvegaard has left the board of directors of PENNEO A/S.
PENNEO A/S has published its annual report for 2017. Gross profit came to DKK 4,965,330, and the net result was DKK -5,744,453.
PENNEO A/S has published its annual report for 2016. Gross profit came to DKK 1,390,202, and the net result was DKK -7,834,847.
As of September 10, 2016, Finn Winchler Andersen has left the board of directors of PENNEO A/S.
PENNEO A/S has published its annual report for 2015. Gross profit came to DKK 1,047,409, and the net result was DKK -4,928,990.
As of May 11, 2016, Finn Winchler Andersen has joined the board of directors of PENNEO A/S.
PENNEO A/S has published its annual report for 2014. Gross profit came to DKK -743,041, and the net result was DKK -3,155,126.
As of May 1, 2015, Jakob Ekkelund has left the board of directors of PENNEO A/S.
As of January 8, 2015, Niels Henrik Rasmussen has joined the board of directors of PENNEO A/S.
As of January 8, 2015, Anders Tvegaard has joined the board of directors of PENNEO A/S.
As of January 5, 2015, CHRISTENSEN KJÆRULFF STATSAUTORISERET REVISIONSAKTIESELSKAB has been appointed auditor of PENNEO A/S.
As of January 5, 2015, SELSKABET AF 16.08.2021 A/S has stepped down as auditor of PENNEO A/S.
As of October 1, 2014, Janek Borgmann is registered as adm. dir. of PENNEO A/S.
As of October 1, 2014, Nicolaj Højer Nielsen has stepped down as adm. dir. of PENNEO A/S.
As of May 27, 2014, Nicolaj Højer Nielsen is registered as adm. dir. of PENNEO A/S.
As of May 27, 2014, Morten Damgaard has stepped down as adm. dir. of PENNEO A/S.
As of April 1, 2014, Jakob Ekkelund has joined the board of directors of PENNEO A/S.
As of April 1, 2014, Jan Flora has left the board of directors of PENNEO A/S.
As of April 1, 2014, Jakob Neua Nørgaard has left the board of directors of PENNEO A/S.
As of April 1, 2014, Anders Eskholm has left the board of directors of PENNEO A/S.
As of April 1, 2014, André Schack Clement has left the board of directors of PENNEO A/S.
As of April 1, 2014, Morten Damgaard is registered as adm. dir. of PENNEO A/S.
As of April 1, 2014, Mikkel Clausen has stepped down as adm. dir. of PENNEO A/S.
As of January 9, 2014, SELSKABET AF 16.08.2021 A/S has been appointed auditor of PENNEO A/S.
As of January 9, 2014, Jan Flora has joined the board of directors of PENNEO A/S.
As of January 9, 2014, Nicolaj Højer Nielsen has joined the board of directors of PENNEO A/S.
As of January 9, 2014, Jakob Neua Nørgaard has joined the board of directors of PENNEO A/S.
As of January 9, 2014, Anders Eskholm has joined the board of directors of PENNEO A/S.
As of January 9, 2014, André Schack Clement has joined the board of directors of PENNEO A/S.
As of January 9, 2014, Mikkel Clausen is registered as adm. dir. of PENNEO A/S.
PENNEO A/S was founded on January 9, 2014.
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