Owners, management and financials
CVR: 70986612
Secondary names: DENMARK REFUND A/S, DANMARK REFUND A/S, EUROREFUND A/S
Previous names: DINERS CLUB DANMARK TRADING ApS, DANISH TAX FREE SHOPPING A/S, EUROPE TAX-FREE SHOPPING DENMARK A/S
DKK 43,880,409
Gross profit
Net result: DKK -1,652,957
Global Blue Holland BV (100%)
CVR · view owners
Richard Henry Brown
Board: Jeremy Piers Henderson-Ross (chair) and 2 members
CVR · view management
Active
Founded 27 August 1982
CVR · view overview
28 employees
CVR · 2018
Director role ended: Jan Rafael Møller
CVR · 23/04/2026
View the full event history
GLOBAL BLUE DANMARK A/S is a Danish company of the type Aktieselskab based in København K, founded in 1982. The company is registered under the industry Andre aktiviteter i forbindelse med finansielle tjenesteydelser, undtagen forsikring og pensionsforsikring. The company was previously named GLOBAL REFUND DANMARK A/S and EUROPE TAX-FREE SHOPPING DENMARK A/S. The management consists of Richard Henry Brown. The board consists of Jeremy Piers Henderson-Ross (chair), Orsolya Veronika Zsellér and Richard Henry Brown. The company is owned by Global Blue Holland BV. The company has 28 employees (2018). In 2025, the company reported a gross profit of DKK 43,880,409 and a net result of DKK -1,652,957 compared with DKK -2,424,060 the year before. Equity in the 2025 report amounted to DKK -17,144,934.
Source: annual report 2025, Danish Business Authority
The financial health of GLOBAL BLUE DANMARK A/S shows a concerning trend, with consistent losses over the past five years and negative equity reaching -17,144,934 DKK in 2025. Gross profit has increased from 2,681,410 DKK in 2021 to 43,880,409 DKK in 2025, indicating a potential improvement in operational efficiency; however, the company continues to incur significant losses, with a profit of -1,652,957 DKK in 2025. The declining equity position raises concerns about long-term sustainability and financial stability. Despite these challenges, the company remains active in the financial services sector, which may provide opportunities for recovery if it can leverage its gross profit growth effectively.
AI-generated summary · Generated 14/08/2026
Selskabets formål er at drive handel og servicevirksom- hed og enhver anden efter bestyrelsens skøn i naturlig forbindelse hermed stående virksomhed
Source: annual reports filed with the Danish Business Authority.
| Period | Revenue | Profit/Loss | Total Assets | Equity | Employees | Report |
|---|---|---|---|---|---|---|
| 202501/04/2024 – 31/03/2025 | - | -1.7 mio. | 24 mio. | -17.1 mio. | 17 | |
| 202401/04/2023 – 31/03/2024 | - | -2.4 mio. | 19.1 mio. | -15.5 mio. | 14 | |
| 202301/04/2022 – 31/03/2023 | - | -2.6 mio. | 13.9 mio. | -13.1 mio. | 10 | |
| 202201/04/2021 – 31/03/2022 | - | -5.4 mio. | 8.5 mio. | -10.4 mio. | 11 | |
| 202101/04/2020 – 31/03/2021 | - | -6.8 mio. | 7.9 mio. | -5 mio. | 18 | |
| 202001/04/2019 – 31/03/2020 | - | -2.4 mio. | 21.9 mio. | 1.8 mio. | 22 | |
| 201901/04/2018 – 31/03/2019 | - | 5.1 mio. | 40.7 mio. | 15.2 mio. | 22 | |
| 201801/04/2017 – 31/03/2018 | - | 2.6 mio. | 22.7 mio. | 10.1 mio. | 22 | |
| 201701/04/2016 – 31/03/2017 | - | 3.7 mio. | 20.8 mio. | 7.5 mio. | 22 | |
| 201601/04/2015 – 31/03/2016 | - | 2.6 mio. | 15 mio. | 3.8 mio. | - | |
| 201501/04/2014 – 31/03/2015 | - | -2.1 mio. | 9.7 mio. | 1.1 mio. | - | |
| 201401/04/2013 – 31/03/2014 | - | 98 t. | 10.1 mio. | 3.2 mio. | - | |
| 201301/04/2012 – 31/03/2013 | 31.8 mio. | -4.2 mio. | 10.1 mio. | 1.9 mio. | - |
Compared to 347 companies in Andre aktiviteter i forbindelse med finansielle tjenesteydelser, undtagen forsikring og pensionsforsikring
Comparison is based on industry median values
Screen owners and management against the Danish FSA's official PEP lists
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Read about the CDS scoreThe CVR number of GLOBAL BLUE DANMARK A/S is 70986612.
GLOBAL BLUE DANMARK A/S is owned by Global Blue Holland BV.
The management of GLOBAL BLUE DANMARK A/S consists of Richard Henry Brown.
The board of GLOBAL BLUE DANMARK A/S consists of Jeremy Piers Henderson-Ross, Orsolya Veronika Zsellér and Richard Henry Brown, with Jeremy Piers Henderson-Ross as chair.
In 2025, GLOBAL BLUE DANMARK A/S reported a gross profit of DKK 43,880,409.
GLOBAL BLUE DANMARK A/S had 28 employees in 2018 according to the Danish CVR register.
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Contact info changed: new phone: 32525566, new website: www.globalblue.com (August 27, 2026).
GLOBAL BLUE DANMARK A/S has published its interim report for the period April 1, 2025 – December 31, 2025.
Contact info changed: new phone: 32525566, new website: www.globalblue.com (May 12, 2026).
As of April 23, 2026, Orsolya Veronika Zsellér has joined the board of directors of GLOBAL BLUE DANMARK A/S.
As of April 23, 2026, Jan Rafael Møller has left the board of directors of GLOBAL BLUE DANMARK A/S.
As of April 23, 2026, Roxane Hélène Fréderique Dufour has left the board of directors of GLOBAL BLUE DANMARK A/S.
As of April 23, 2026, Richard Henry Brown is registered as adm. dir. of GLOBAL BLUE DANMARK A/S.
As of April 23, 2026, Jan Rafael Møller has stepped down as adm. dir. of GLOBAL BLUE DANMARK A/S.
Contact info changed: new phone: 32525566, new website: www.globalblue.com (April 15, 2026).
GLOBAL BLUE DANMARK A/S has published its annual report for 2025. Gross profit came to DKK 43,880,409, and the net result was DKK -1,652,957.
As of February 27, 2025, Forvis Mazars Statsautoriseret Revisionspartnerselskab has been appointed auditor of GLOBAL BLUE DANMARK A/S.
As of February 27, 2025, PRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB has stepped down as auditor of GLOBAL BLUE DANMARK A/S.
GLOBAL BLUE DANMARK A/S has published its annual report for 2024. Gross profit came to DKK 33,213,226, and the net result was DKK -2,424,060.
GLOBAL BLUE DANMARK A/S has published its annual report for 2023. Gross profit came to DKK 22,860,150, and the net result was DKK -2,620,296.
As of February 13, 2023, Jan Rafael Møller has joined the board of directors of GLOBAL BLUE DANMARK A/S.
As of February 13, 2023, Morten Winther has left the board of directors of GLOBAL BLUE DANMARK A/S.
As of February 13, 2023, Jan Rafael Møller is registered as adm. dir. of GLOBAL BLUE DANMARK A/S.
As of February 13, 2023, Morten Winther has stepped down as adm. dir. of GLOBAL BLUE DANMARK A/S.
GLOBAL BLUE DANMARK A/S has published its annual report for 2022. Gross profit came to DKK 8,937,633, and the net result was DKK -5,414,600.
As of January 21, 2022, Roxane Hélène Fréderique Dufour has joined the board of directors of GLOBAL BLUE DANMARK A/S.
As of January 21, 2022, Loic Emile André Jenouvrier has left the board of directors of GLOBAL BLUE DANMARK A/S.
GLOBAL BLUE DANMARK A/S has published its annual report for 2021. Gross profit came to DKK 2,681,410, and the net result was DKK -6,842,792.
GLOBAL BLUE DANMARK A/S has published its annual report for 2020. Gross profit came to DKK 44,392,924, and the net result was DKK -2,351,068.
GLOBAL BLUE DANMARK A/S has published its annual report for 2019. Gross profit came to DKK 43,326,034, and the net result was DKK 5,083,261.
GLOBAL BLUE DANMARK A/S has published its annual report for 2018. Gross profit came to DKK 42,879,132, and the net result was DKK 2,571,041.
GLOBAL BLUE DANMARK A/S has published its annual report for 2017. Gross profit came to DKK 43,416,219, and the net result was DKK 3,738,181.
As of June 15, 2017, Morten Winther has joined the board of directors of GLOBAL BLUE DANMARK A/S.
As of June 15, 2017, Johan Robert Ehinger has left the board of directors of GLOBAL BLUE DANMARK A/S.
As of June 15, 2017, Morten Winther is registered as adm. dir. of GLOBAL BLUE DANMARK A/S.
As of June 15, 2017, Johan Robert Ehinger has stepped down as adm. dir. of GLOBAL BLUE DANMARK A/S.
GLOBAL BLUE DANMARK A/S has published its annual report for 2016. The net result was DKK 2,633,732.
As of January 25, 2016, Jeremy Piers Henderson-Ross has joined the board of directors of GLOBAL BLUE DANMARK A/S.
As of January 25, 2016, Richard Henry Brown has joined the board of directors of GLOBAL BLUE DANMARK A/S.
As of January 25, 2016, Loic Emile André Jenouvrier has joined the board of directors of GLOBAL BLUE DANMARK A/S.
As of January 25, 2016, Luigi Gallazzini has left the board of directors of GLOBAL BLUE DANMARK A/S.
As of January 24, 2016, Michael André Fuchs has left the board of directors of GLOBAL BLUE DANMARK A/S.
GLOBAL BLUE DANMARK A/S has published its annual report for 2015. Gross profit came to DKK 32,506,403, and the net result was DKK -2,113,191.
As of October 22, 2014, Michael André Fuchs has joined the board of directors of GLOBAL BLUE DANMARK A/S.
As of October 21, 2014, Michael André Fuchs has joined the board of directors of GLOBAL BLUE DANMARK A/S.
As of October 21, 2014, Johan Robert Ehinger has joined the board of directors of GLOBAL BLUE DANMARK A/S.
As of October 21, 2014, Jan Rafael Møller has left the board of directors of GLOBAL BLUE DANMARK A/S.
As of October 21, 2014, Stine Juelner has left the board of directors of GLOBAL BLUE DANMARK A/S.
As of October 21, 2014, Johan Grönberg has left the board of directors of GLOBAL BLUE DANMARK A/S.
As of October 21, 2014, Kari tapio Luttinen has left the board of directors of GLOBAL BLUE DANMARK A/S.
As of October 21, 2014, Michael André Fuchs has left the board of directors of GLOBAL BLUE DANMARK A/S.
As of October 21, 2014, Johan Robert Ehinger is registered as adm. dir. of GLOBAL BLUE DANMARK A/S.
As of October 21, 2014, Jan Rafael Møller has stepped down as director of GLOBAL BLUE DANMARK A/S.
GLOBAL BLUE DANMARK A/S has published its annual report for 2014. Gross profit came to DKK 31,926,082, and the net result was DKK 97,600.
GLOBAL BLUE DANMARK A/S has published its annual report for 2013. Revenue came to DKK 31,804,557, and the net result was DKK -4,215,307.
As of July 1, 2011, PRICEWATERHOUSECOOPERS STATSAUTORISERET REVISIONSPARTNERSELSKAB has been appointed auditor of GLOBAL BLUE DANMARK A/S.
As of July 1, 2011, A/S PSE NR. 4820 has stepped down as auditor of GLOBAL BLUE DANMARK A/S.
As of May 1, 2011, Stine Juelner has joined the board of directors of GLOBAL BLUE DANMARK A/S.
As of February 28, 2011, Henrik Vrang Thomsen has left the board of directors of GLOBAL BLUE DANMARK A/S.
As of October 31, 2010, A/S PSE NR. 4820 has been appointed auditor of GLOBAL BLUE DANMARK A/S.
As of October 31, 2010, EY Danmark A/S has stepped down as auditor of GLOBAL BLUE DANMARK A/S.
On February 1, 2010, the company changed its name from GLOBAL REFUND DANMARK A/S to GLOBAL BLUE DANMARK A/S.
As of April 21, 2006, Jan Rafael Møller has joined the board of directors of GLOBAL BLUE DANMARK A/S.
As of April 21, 2006, Henrik Vrang Thomsen has joined the board of directors of GLOBAL BLUE DANMARK A/S.
As of April 21, 2006, Luigi Gallazzini has joined the board of directors of GLOBAL BLUE DANMARK A/S.
As of April 21, 2006, Kari tapio Luttinen has joined the board of directors of GLOBAL BLUE DANMARK A/S.
As of April 21, 2006, Per Setterberg has left the board of directors of GLOBAL BLUE DANMARK A/S.
As of April 21, 2006, Martin Stapfs has left the board of directors of GLOBAL BLUE DANMARK A/S.
As of August 23, 2005, Johan Grönberg has joined the board of directors of GLOBAL BLUE DANMARK A/S.
As of August 23, 2005, Martin Stapfs has joined the board of directors of GLOBAL BLUE DANMARK A/S.
As of August 23, 2005, Søren Birger Henriksen has left the board of directors of GLOBAL BLUE DANMARK A/S.
As of August 23, 2005, Jan Erik Lind Laybourn has left the board of directors of GLOBAL BLUE DANMARK A/S.
As of August 23, 2005, Brian Thorsted Hansen has left the board of directors of GLOBAL BLUE DANMARK A/S.
As of August 23, 2005, Anders Henriksson has left the board of directors of GLOBAL BLUE DANMARK A/S.
As of May 1, 2005, Jan Rafael Møller is registered as director of GLOBAL BLUE DANMARK A/S.
As of May 1, 2005, Brian Thorsted Hansen has stepped down as director of GLOBAL BLUE DANMARK A/S.
As of April 28, 2005, EY Danmark A/S has been appointed auditor of GLOBAL BLUE DANMARK A/S.
As of April 28, 2005, CJ Partnership I/S has stepped down as auditor of GLOBAL BLUE DANMARK A/S.
As of April 30, 2002, Brian Thorsted Hansen has joined the board of directors of GLOBAL BLUE DANMARK A/S.
As of April 30, 2002, Lars Göran Jönsson has left the board of directors of GLOBAL BLUE DANMARK A/S.
As of April 18, 2002, Brian Thorsted Hansen is registered as director of GLOBAL BLUE DANMARK A/S.
As of April 18, 2002, Anders Henriksson has stepped down as director of GLOBAL BLUE DANMARK A/S.
As of August 24, 2001, Lars Göran Jönsson has joined the board of directors of GLOBAL BLUE DANMARK A/S.
As of August 24, 2001, Jonas Hagan Gudmundsson has left the board of directors of GLOBAL BLUE DANMARK A/S.
As of July 30, 2001, Anders Henriksson is registered as director of GLOBAL BLUE DANMARK A/S.
As of July 30, 2001, Jónas Hagan Gudmundsson has stepped down as director of GLOBAL BLUE DANMARK A/S.
As of April 30, 2000, CJ Partnership I/S has been appointed auditor of GLOBAL BLUE DANMARK A/S.
As of April 30, 2000, REVISIONS- OG FORVALTNINGS- INSTITUTET, AKTIESELSKAB has stepped down as auditor of GLOBAL BLUE DANMARK A/S.
As of April 30, 2000, Jonas Hagan Gudmundsson has joined the board of directors of GLOBAL BLUE DANMARK A/S.
As of March 15, 2000, Ralf Georg Galme has left the board of directors of GLOBAL BLUE DANMARK A/S.
As of December 27, 1999, Jónas Hagan Gudmundsson is registered as director of GLOBAL BLUE DANMARK A/S.
As of December 27, 1999, Johannes Berg has stepped down as director of GLOBAL BLUE DANMARK A/S.
As of June 23, 1999, Johannes Berg is registered as director of GLOBAL BLUE DANMARK A/S.
As of June 23, 1999, Anders Henriksson has stepped down as adm. dir. of GLOBAL BLUE DANMARK A/S.
As of March 25, 1999, Anders Henriksson has joined the board of directors of GLOBAL BLUE DANMARK A/S.
As of March 25, 1999, John Rassing has left the board of directors of GLOBAL BLUE DANMARK A/S.
As of March 25, 1999, Anders Henriksson is registered as adm. dir. of GLOBAL BLUE DANMARK A/S.
As of March 25, 1999, John Rassing has stepped down as director of GLOBAL BLUE DANMARK A/S.
As of December 15, 1998, REVISIONS- OG FORVALTNINGS- INSTITUTET, AKTIESELSKAB has been appointed auditor of GLOBAL BLUE DANMARK A/S.
As of December 14, 1998, EY Danmark A/S has stepped down as auditor of GLOBAL BLUE DANMARK A/S.
On March 25, 1998, the company changed its name from EUROPE TAX-FREE SHOPPING DENMARK A/S to GLOBAL REFUND DANMARK A/S.
As of February 28, 1997, EY Danmark A/S has been appointed auditor of GLOBAL BLUE DANMARK A/S.
As of February 28, 1997, REVISIONS- OG FORVALTNINGS- INSTITUTET, AKTIESELSKAB has stepped down as auditor of GLOBAL BLUE DANMARK A/S.
As of January 16, 1995, Lars Barfoed has left the board of directors of GLOBAL BLUE DANMARK A/S.
As of June 30, 1994, CJ Partnership I/S has stepped down as auditor of GLOBAL BLUE DANMARK A/S.
As of June 29, 1994, REVISIONS- OG FORVALTNINGS- INSTITUTET, AKTIESELSKAB has been appointed auditor of GLOBAL BLUE DANMARK A/S.
On January 8, 1991, the company changed its name from DANISH TAX FREE SHOPPING A/S to EUROPE TAX-FREE SHOPPING DENMARK A/S.
As of January 7, 1991, Jakob Henrik Havsteen has left the board of directors of GLOBAL BLUE DANMARK A/S.
As of January 7, 1991, Kurt Thyregod-Nielsen has left the board of directors of GLOBAL BLUE DANMARK A/S.
As of June 7, 1989, Sven Krogstrup has left the board of directors of GLOBAL BLUE DANMARK A/S.
As of July 20, 1988, has stepped down as auditor of GLOBAL BLUE DANMARK A/S.
As of July 20, 1988, Thomas David Hartwig has left the board of directors of GLOBAL BLUE DANMARK A/S.
As of July 20, 1988, Michael Gaarmann has left the board of directors of GLOBAL BLUE DANMARK A/S.
As of July 20, 1988, Helle Ilmi Holmegaard Larsen has stepped down as director of GLOBAL BLUE DANMARK A/S.
As of June 24, 1987, Hans Günther Petersen has left the board of directors of GLOBAL BLUE DANMARK A/S.
As of June 24, 1987, Gorm Bjercke has left the board of directors of GLOBAL BLUE DANMARK A/S.
As of June 18, 1987, Nils Gustav Molander has left the board of directors of GLOBAL BLUE DANMARK A/S.
On March 21, 1987, the company changed its name from DINERS CLUB DANMARK TRADING ApS to DANISH TAX FREE SHOPPING A/S.
As of March 20, 1987, Niels Peter Arnstedt has left the board of directors of GLOBAL BLUE DANMARK A/S.
As of March 20, 1987, Hans Günther Petersen has stepped down as director of GLOBAL BLUE DANMARK A/S.
As of August 27, 1982, CJ Partnership I/S has been appointed auditor of GLOBAL BLUE DANMARK A/S.
As of August 27, 1982, has been appointed auditor of GLOBAL BLUE DANMARK A/S.
As of August 27, 1982, Thomas David Hartwig has joined the board of directors of GLOBAL BLUE DANMARK A/S.
As of August 27, 1982, Sven Krogstrup has joined the board of directors of GLOBAL BLUE DANMARK A/S.
As of August 27, 1982, Michael Gaarmann has joined the board of directors of GLOBAL BLUE DANMARK A/S.
As of August 27, 1982, John Rassing has joined the board of directors of GLOBAL BLUE DANMARK A/S.
As of August 27, 1982, Niels Peter Arnstedt has joined the board of directors of GLOBAL BLUE DANMARK A/S.
As of August 27, 1982, Søren Birger Henriksen has joined the board of directors of GLOBAL BLUE DANMARK A/S.
As of August 27, 1982, Jan Erik Lind Laybourn has joined the board of directors of GLOBAL BLUE DANMARK A/S.
As of August 27, 1982, Hans Günther Petersen has joined the board of directors of GLOBAL BLUE DANMARK A/S.
As of August 27, 1982, Jakob Henrik Havsteen has joined the board of directors of GLOBAL BLUE DANMARK A/S.
As of August 27, 1982, Lars Barfoed has joined the board of directors of GLOBAL BLUE DANMARK A/S.
As of August 27, 1982, Kurt Thyregod-Nielsen has joined the board of directors of GLOBAL BLUE DANMARK A/S.
As of August 27, 1982, Nils Gustav Molander has joined the board of directors of GLOBAL BLUE DANMARK A/S.
As of August 27, 1982, Gorm Bjercke has joined the board of directors of GLOBAL BLUE DANMARK A/S.
As of August 27, 1982, Ralf Georg Galme has joined the board of directors of GLOBAL BLUE DANMARK A/S.
As of August 27, 1982, Per Setterberg has joined the board of directors of GLOBAL BLUE DANMARK A/S.
As of August 27, 1982, John Rassing is registered as director of GLOBAL BLUE DANMARK A/S.
As of August 27, 1982, Helle Ilmi Holmegaard Larsen is registered as director of GLOBAL BLUE DANMARK A/S.
As of August 27, 1982, Hans Günther Petersen is registered as director of GLOBAL BLUE DANMARK A/S.
As of August 27, 1982, is registered as an owner of GLOBAL BLUE DANMARK A/S with an ownership share of 100%.
GLOBAL BLUE DANMARK A/S was founded on August 27, 1982.
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