Formalize ApS
Core data
Name | Formalize ApS |
Address | Skelbækgade 2 2 tv, 1717, København V |
Founded | Jan 21, 2021 |
| 143 / 122 | |
Locations (P-units) | 2View locations |
Website | https://formalize.com/ |
 LinkedIn | formalize-com |
Branch | Computerprogrammering (621000) |
Name | Formalize ApS |
Address | Skelbækgade 2 2 tv, 1717, København V |
Founded | Jan 21, 2021 |
| 143 / 122 |
Locations (P-units) | 2View locations |
Website | https://formalize.com/ |
| LinkedIn | formalize-com |
Branch | Computerprogrammering (621000) |
Keep track of Formalize ApS
Description
Formalize is a company that develops modern compliance software designed to help organizations manage governance, risk and compliance in a structured and scalable way. Its platform automates compliance workflows across data compliance, risk, privacy, information security and whistleblowing.
Formalize provides a configurable compliance platform that automates workflows, controls, policies, audits, risk and incident management, supplier audits, documentation and reporting for compliance professionals.
Company's own description on virk.dk
Formalize ApS develops and operates software platforms that help organizations manage governance, risk, and compliance obligations. The company operates a subscription based software as a service business model and provides cloud delivered compliance solutions to customers across Europe. The product portfolio consists primarily of: Whistleblower Software, which enables secure and anonymous reporting in accordance with European whistleblower protection legislation. Formalize GRC Platform, which supports organizations in managing regulatory compliance within frameworks including DORA, NIS2, and ISO 27001. The company’s solutions are designed to support organizations operating in increasingly regulated environments and enable efficient management of compliance and governance processes.
Products & services
Compliance platform · GRC workflows · DORA compliance · NIS2 compliance · ISO 27001 compliance · GDPR compliance · Whistleblower Software by Formalize · Risk and incident management · Supplier audit automation · Compliance workflow automation · Integrations and API · Formalize IQ
Industries
Compliance software · Governance, risk and compliance (GRC) · Information security · Data protection and privacy · Whistleblowing compliance
Customer types
Companies · Organizations · Compliance professionals · Critical infrastructure organizations · Enterprises
Customers & references
Fieldfisher · BDO · DLA Piper · Osborne Clarke · Arcano Partners
Analysis by AI ✨
Formalize grew from 118 employees and 100 full-time equivalents in January 2026 to 143 employees and 122 full-time equivalents in August 2026. The 2025 accounts show gross profit of DKK 20.4 million and a loss after tax of DKK 47.8 million; in 2024, gross profit was DKK 7.1 million and the loss after tax was DKK 36.9 million.
The ownership structure changed in 2025. Acton Fund VI GmbH & Co. KG from Germany became a legal owner on 22 October, with 5–9.99% of the capital and 5% of the voting rights. BlackFin Tech II from France increased its ownership from 20–24.99% to 25–33.32% on 4 December; its voting rights rose from 20% to 25%. Aldbridge Services London Limited from the United Kingdom is also a legal owner, with 15–19.99% of the capital and 15% of the voting rights. PO INTERNATIONAL ApS ceased to be a legal owner on 6 May 2026, having previously held 5–9.99% of the capital and 5% of the voting rights.
The company’s registered address changed to Skelbækgade 2 2 tv, 1717 Copenhagen V, effective 27 August 2026. It was previously named Whistleblower Software ApS until 27 February 2024.
AI-generated texts are based on registered information, which may be delayed or incomplete. Errors may occur.
Financials
| Reporting period | 2025DKK | |
|---|---|---|
| Gross profit | 35,917,744 | |
| Operating profit | -44,481,948 | |
| Profit before tax | -47,022,640 | |
| Net income | -47,817,709 | |
| Total assets | 174,111,979 | |
| Equity | 96,670,688 | |
| Avg. employees | 130 | |
2024–2025 Unlock financial history | ||
Datapublica Risk Score
What goes into the assessment
Financials
Equity ratio, profitability, and liquidity
Accounts and history
Late filings and previous financial distress
Owners and management
Past bankruptcies and owners’ other companies
Company and connections
Age, industry, and shared addresses or contact details
Standard: Score and risk bandPro: Also a detailed explanation of the factors
Contact
From cvr.dk
From formalize.com
Gazelle
2 consecutive growth years
Børsen Gazelle is Dagbladet Børsen's award. Datapublica is not affiliated with Børsen. Calculated statuses are Datapublica's own analysis of public CVR financial-statement data.
People
| Person | Roles | Titles |
|---|---|---|
| Christian Lynge Hjorth | Roles Board | TitlesFORMAND |
| Jakob Emanuel Loftlund Lilholm | Roles BoardManagement | TitlesBESTYRELSESMEDLEM • ADM. DIR. |
| Kristoffer Abell | Roles BoardManagement | TitlesBESTYRELSESMEDLEM • DIREKTØR |
Auditor
| Audit firm | Auditor | Role | From |
|---|---|---|---|
| Deloitte Statsautoriseret Revisionspartnerselskab | AuditorMads Fauerskov | RoleState Authorised Public Accountant | FromMay 13, 2026 |
| Deloitte Statsautoriseret Revisionspartnerselskab | AuditorJonas Thøstesen Svensson | RoleState Authorised Public Accountant | FromMay 13, 2026 |
Legal owners
| Owner | Ownership | Voting rights | From |
|---|---|---|---|
Unknown Other Participant | Ownership25–33.32 % | Voting rights25 % | FromDec 4, 2025 |
Foreign legal entity | Ownership15–19.99 % | Voting rights15 % | FromSep 28, 2022 |
| Ownership10–14.99 % | Voting rights10 % | FromJan 18, 2024 | |
| Ownership10–14.99 % | Voting rights10 % | FromJan 18, 2024 | |
| Ownership10–14.99 % | Voting rights10 % | FromJan 18, 2024 | |
Foreign legal entity | Ownership5–9.99 % | Voting rights5 % | FromOct 22, 2025 |
Ultimate owners
| Name | Ownership through | Calculated ownership |
|---|---|---|
| 🇫🇷BlackFin Tech II | Ownership through Direct | 25–33.32 % |
| 🇬🇧Aldbridge Services London Limited | Ownership through Direct | 15–19.99 % |
| Jakob Emanuel Loftlund Lilholm | Ownership through | 10–14.99 % |
| Kristoffer Abell | Ownership through | 10–14.99 % |
| Magnus Sätherström Boye | Ownership through | 10–14.99 % |
| 🇩🇪Acton Fund VI GmbH & Co. KG | Ownership through Direct | 5–9.99 % |