Owners, management and financials
CVR: 42045136
Secondary names: Whistleblower Software ApS
Previous names: Whistleblower Software ApS
DKK 20,425,808
Gross profit
Net result: DKK -47,767,438
Magnus Boye Holding ApS (10-14,99%), Kristoffer Abell Holding ApS (10-14,99%)
4 more
CVR · view owners
Jakob Emanuel Loftlund Lilholm, Kristoffer Abell
Board: Christian Lynge Hjorth (chair) and 4 members
CVR · view management
Active
Founded 21 January 2021
CVR · view overview
147 employees
CVR · 2026
Director registered: Kristoffer Abell
CVR · 17/12/2025
View the full event history
Formalize ApS is a Danish company of the type Anpartsselskab based in København V, founded in 2021. The company is registered under the industry Computerprogrammering. The company was previously named Whistleblower Software ApS. The management consists of Jakob Emanuel Loftlund Lilholm and Kristoffer Abell. The board consists of Christian Lynge Hjorth (chair), Fritz Friedrich Oidtmann, Jakob Emanuel Loftlund Lilholm and Kristoffer Abell. The company's owners include Magnus Boye Holding ApS, Kristoffer Abell Holding ApS and Jakob Lilholm Holding ApS. The company has 147 employees (2026). In 2025, the company reported a gross profit of DKK 20,425,808 and a net result of DKK -47,767,438 compared with DKK -36,883,522 the year before. Equity in the 2025 report amounted to DKK 96,720,959.
Source: annual report 2025, Danish Business Authority
The financial health of Formalize ApS shows significant challenges, with a troubling trend of increasing losses over its short operational history. Gross profit has fluctuated dramatically, from -1,766,844 DKK in 2021 to a peak of 20,425,808 DKK in 2025, but the company has consistently reported substantial net losses, culminating in -47,767,438 DKK in 2025. Equity has improved to 96,720,959 DKK in 2025, indicating potential recovery, but the negative profit margins and previous equity deficits raise concerns about sustainability. As a relatively new player in the computer programming industry, the company must address its profitability issues and stabilize its financial position to enhance its competitive standing.
AI-generated summary · Generated 14/08/2026
Selskabets formål er at drive virksomhed med salg af IT baserede løsninger og software samt aktiviteter, der efter direktionens skøn er forbundet hermed.
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 | 20.4 mio. | -47.8 mio. | 167.2 mio. | 96.7 mio. | 130 | |
| 202401/01/2024 – 31/12/2024 | 7.1 mio. | -36.9 mio. | 108.3 mio. | 55.5 mio. | 38 | |
| 202301/01/2023 – 31/12/2023 | -10.9 mio. | -30.5 mio. | 24.9 mio. | -16.7 mio. | 38 | |
| 202201/01/2022 – 31/12/2022 | -1.6 mio. | -6.3 mio. | 16.6 mio. | 10.5 mio. | 11 | |
| 202121/01/2021 – 31/12/2021 | -1.8 mio. | -2.6 mio. | 2.7 mio. | 485 t. | 4 |
Compared to 4.552 companies in Computerprogrammering
Comparison is based on industry median values
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Set up monitoringThe CVR number of Formalize ApS is 42045136.
The owners of Formalize ApS include Magnus Boye Holding ApS, Kristoffer Abell Holding ApS and Jakob Lilholm Holding ApS.
The management of Formalize ApS consists of Jakob Emanuel Loftlund Lilholm and Kristoffer Abell.
The board of Formalize ApS consists of Christian Lynge Hjorth, Fritz Friedrich Oidtmann and Jakob Emanuel Loftlund Lilholm, with Christian Lynge Hjorth as chair.
In 2025, Formalize ApS reported a gross profit of DKK 20,425,808.
Formalize ApS had 147 employees in 2026 according to the Danish CVR register.
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Address changed to Skelbækgade 2 2. tv, 1717 København V (August 27, 2026).
Formalize ApS has published its annual report for 2025. Gross profit came to DKK 20,425,808, and the net result was DKK -47,767,438.
As of May 13, 2026, Kristoffer Abell has joined the board of directors of Formalize ApS.
As of May 13, 2026, Jens Morten Brøgger has left the board of directors of Formalize ApS.
As of December 17, 2025, Kristoffer Abell is registered as director of Formalize ApS.
As of December 4, 2025, is registered as an owner of Formalize ApS with an ownership share of 25%.
As of October 22, 2025, is registered as an owner of Formalize ApS with an ownership share of 5%.
As of October 21, 2025, Fritz Friedrich Oidtmann has joined the board of directors of Formalize ApS.
As of October 21, 2025, Kristoffer Abell has left the board of directors of Formalize ApS.
Formalize ApS has published its annual report for 2024. Gross profit came to DKK 7,130,779, and the net result was DKK -36,883,522.
As of March 7, 2025, Christian Lynge Hjorth has joined the board of directors of Formalize ApS.
As of March 7, 2025, Brian Gottorp Jeppesen has left the board of directors of Formalize ApS.
Formalize ApS has published its annual report for 2023. Gross profit came to DKK -10,868,344, and the net result was DKK -30,456,689.
On February 28, 2024, the company changed its name from Whistleblower Software ApS to Formalize ApS.
As of January 18, 2024, Michele Foradori has joined the board of directors of Formalize ApS.
As of January 18, 2024, Jacob Hindhede has left the board of directors of Formalize ApS.
As of January 18, 2024, Thomas Schmidt has left the board of directors of Formalize ApS.
As of January 18, 2024, Patrick Olsen has left the board of directors of Formalize ApS.
As of January 18, 2024, Magnus Boye Holding ApS is registered as an owner of Formalize ApS with an ownership share of 10%.
As of January 18, 2024, Kristoffer Abell Holding ApS is registered as an owner of Formalize ApS with an ownership share of 10%.
As of January 18, 2024, Jakob Lilholm Holding ApS is registered as an owner of Formalize ApS with an ownership share of 10%.
Formalize ApS has published its annual report for 2022. Gross profit came to DKK -1,599,477, and the net result was DKK -6,268,273.
As of May 16, 2023, DELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB has been appointed auditor of Formalize ApS.
As of October 3, 2022, Thomas Schmidt has joined the board of directors of Formalize ApS.
As of October 3, 2022, Brian Gottorp Jeppesen has joined the board of directors of Formalize ApS.
As of October 2, 2022, Thomas Schmidt has left the board of directors of Formalize ApS.
As of October 2, 2022, Brian Gottorp Jeppesen has left the board of directors of Formalize ApS.
As of September 28, 2022, is registered as an owner of Formalize ApS with an ownership share of 15%.
Formalize ApS has published its annual report for 2021. Gross profit came to DKK -1,766,844, and the net result was DKK -2,560,139.
As of June 30, 2022, Jens Morten Brøgger has joined the board of directors of Formalize ApS.
As of June 30, 2022, Brian Gottorp Jeppesen has joined the board of directors of Formalize ApS.
As of October 26, 2021, Jacob Hindhede has joined the board of directors of Formalize ApS.
As of October 26, 2021, Thomas Schmidt has joined the board of directors of Formalize ApS.
As of October 26, 2021, Patrick Olsen has joined the board of directors of Formalize ApS.
As of October 26, 2021, Kristoffer Abell has joined the board of directors of Formalize ApS.
As of October 26, 2021, Jakob Emanuel Loftlund Lilholm has joined the board of directors of Formalize ApS.
As of January 21, 2021, Jakob Emanuel Loftlund Lilholm is registered as adm. dir. of Formalize ApS.
Formalize ApS was founded on January 21, 2021.
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
Selskabets formål er at udøve virksomhed med handel og service samt aktiviteter i tilknytning hertil.
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