KONSOLIDATOR A/S
Software·KONSOL · Nasdaq Copenhagen·Fiscal year to 31/12/2025
Software for financial consolidation and reporting.
Exposure profile
Derived from what the company itself writes. Empty directions mean the report doesn't mention themes of that type.
In their own words
Grouped by theme, from the management review in the annual report. A · The company itself is a verbatim quote, B · From the report is without a verified quote.
IT operations and cloud
Raw materials and inputs
DriverPositive impact: strengthens
“THE MARKET FINANCE IN TRANSFORMATION The global market for finance and performance management solutions is undergoing a rapid transformation. Finance teams are managing larger and more complex data volumes, while their roles are expanding to include analysis, strategic decision support, and cross-functional collaboration. This shift creates strong demand for platforms that can scale, automate, and integrate seamlessly into existing technological ecosystems while delivering high-quality results through reliable, and transparent data.”
Annual report 2025A · The company itself
DriverNegative impact: weakens
“HENRIK POULSEN Head of People & Culture CORPORATE MATTERS Risk Management Employees, Customers, and Governance Management 34 36 39 40 41 Board of Directors Shareholder information RISK MANAGEMENT c v DATA RISK Annual Cycle MANAGEMENT In 2025, Konsolidator saw an increase in companies seeking more reliable data. The greater volume of data increases the workload for data risk management at Konsolidator.”
Annual report 2025A · The company itself
InputNegative impact: weakens
“Built on Microsoft Fabric®, the solution serves as a financial data hub, connecting ERP systems, Konsolidator’s consolidation engine, and reporting tools. It enables customers to structure and store detailed financial data to support both operational control and management reporting, without moving transactional data into Konsolidator or compromising the integrity of the consolidation platform.”
Annual report 2025A · The company itself
InputNegative impact: weakens
“Konsolidator stores its own data and all our customers’ data in Microsoft Azure cloud.”
Annual report 2025A · The company itself
StrategyPositive impact: strengthens
“Konsolidator Iberia works closely within the Microsoft ecosystem and collaborates with partners that already have strong relationships with mid-market customers.”
Annual report 2025A · The company itself
Cybersecurity (products and services)
Technology
DriverNegative impact: weakens
“Management considers data security breaches one of the key risk factors due to the importance of the data Konsolidator® stores and the increased risk of hacker attacks.”
Annual report 2025A · The company itself
StrategyPositive impact: strengthens
“SAFETY, TRUST, AND GOVERNANCE As Konsolidator expands its product portfolio, safety, trust, and governance remain a priority. Thus, the company maintains its ISAE 3402 Type 2 certification. This commitment is supported by ongoing investments in platform security, including Single Sign-On (SSO), API key management, and penetration testing, to ensure secure access and reliable handling of sensitive financial data.”
Annual report 2025A · The company itself
Chains in: Cyber attacks and IT security risk strengthens
Chains out: this strengthens Digitalisation
Europe
Geography
StrategyPositive impact: strengthens
“PARTNER ECOSYSTEM AND CHANNEL PERFORMANCE Partners continue to be a cornerstone of our international growth strategy. In 2025, Konsolidator collaborated with more than 30 partners, with several new strategic partnerships established across Europe and Asia. Konsolidator's value offering Truly Acctech.”
Annual report 2025A · The company itself
Geography
“Larger data volumes and faster reporting requirements demand reliable reporting, and GEOGRAPHIC EXPANSION During 2025, the market reach expanded into four new markets: Portugal, Chile, France, and Malaysia. By Konsolidator differentiates itself by providing reliable, year-end, we served 283 active customers, with 52 new trustworthy numbers, supported by Konsolidator’s customers joining during 2025.”
Annual report 2025A · The company itself
Geography
“With enhancements to the product suite, Konsolidator is • • • • The Nordics Spain The United Kingdom Germany Partners MARKET GLANCE Customers Offices Countries 2025 22 Customers 2025 283 Employees at year-end now positioned to compete effectively against larger platforms.”
Annual report 2025A · The company itself
Geography
“Konsolidator maintains its go-to-market model of focusing its efforts on the Nordics, UK, and Iberia while using partners to cover the rest of the world.”
Annual report 2025A · The company itself
Geography
“The subsidiary, which celebrated its first anniversary in May 2025, currently operates in Spain and Portugal, with plans to expand into LATAM in 2026. Since its launch, it has grown 200% (from 10 to 30 customers) and is now the third-largest market by customer count.”
Annual report 2025A · The company itself
Geography
“From a board perspective, Our Spanish subsidiary delivered strong results by the end of 2025, resulting in Iberia becoming our third-largest market.”
Annual report 2025A · The company itself
Geography
“For 2026, we keep our expectation to accelerate our penetration in the Spanish, Portuguese, and LATAM markets by continuing to focus on our sweet spot market and the launch of new modules in our value proposition.”
Annual report 2025A · The company itself
Geography
“The team consists of 8 employees, including 1 in marketing, 2 in sales, and 4 consultants, and is led by Pedro Mardomingo.”
Annual report 2025A · The company itself
Artificial intelligence
Technology
DriverNegative impact: weakens
“During the year, Konsolidator experienced increased churn among established customers as the need for FP&A tools became more prominent and ERP systems increasingly addressed smaller groups’ consolidation needs.”
Annual report 2025A · The company itself
StrategyPositive impact: strengthens
“In response, Konsolidator launched a new version of the FP&A module in January 2026 and expects to have a complete FP&A module by the end of 2026.”
Annual report 2025A · The company itself
Market
“Further, Konsolidator expects to receive additional CARR from the sale of the two new products, FP&A tool and the data management solution.”
Annual report 2025A · The company itself
Chains out: this strengthens Data centres, strengthens Semiconductors and electronic components, strengthens Semiconductor industry
Digitalisation
Technology
DriverPositive impact: strengthens
“These trends have been major drivers of product development for the Konsolidator Suite in 2025 and are expected to accelerate further in 2026. As companies face faster decision cycles, the need for MARKET DYNAMICS AND COMPETITIVE LANDSCAPE The competitive landscape has evolved significantly.”
Annual report 2025A · The company itself
StrategyPositive impact: strengthens
“Konsolidator’s Microsoft-based architecture has become a key differentiator, offering consolidation, FP&A, and full data management services.”
Annual report 2025A · The company itself
StrategyPositive impact: strengthens
“Konsolidator® is the go-to platform for future-ready finance departments, delivering precise financial consolidation with security, governance, and compliance.”
Annual report 2025A · The company itself
Chains in: Cybersecurity (products and services) strengthens, Public investment and infrastructure strengthens
Chains out: this strengthens IT consulting and public-sector IT
Asia and emerging markets
Geography
StrategyPositive impact: strengthens
“PARTNER ECOSYSTEM AND CHANNEL PERFORMANCE Partners continue to be a cornerstone of our international growth strategy. In 2025, Konsolidator collaborated with more than 30 partners, with several new strategic partnerships established across Europe and Asia. Konsolidator's value offering Truly Acctech.”
Annual report 2025A · The company itself
Geography
“Larger data volumes and faster reporting requirements demand reliable reporting, and GEOGRAPHIC EXPANSION During 2025, the market reach expanded into four new markets: Portugal, Chile, France, and Malaysia. By Konsolidator differentiates itself by providing reliable, year-end, we served 283 active customers, with 52 new trustworthy numbers, supported by Konsolidator’s customers joining during 2025.”
Annual report 2025A · The company itself
Banks and insurance
End markets
Market
“Our mission: We make CFOs better through reliable data and reporting.”
Annual report 2025A · The company itself
Industrial manufacturing
End markets
Market
“The focus is on mid-market customers who require a straightforward and reliable solution for consolidation and reporting.”
Annual report 2025A · The company itself
SMEs
End markets
Market
“Konsolidator® is the go-to platform for future-ready finance departments, delivering precise financial consolidation with security, governance, and compliance.”
Annual report 2025A · The company itself
Labour and wages
Raw materials and inputs
DriverNegative impact: weakens
“The business is based on specialized expertise and innovation where failure to attract, develop, and retain the most skilled employees constitutes a risk as this may have a negative impact on the Group’s business, revenue, and development.”
Annual report 2025A · The company itself
DriverNegative impact: weakens
“EMPLOYEES The lower eNPS in 2024 reflected that During the year, Konsolidator experienced higher employee turnover of 17%, up from 6% the previous year, primarily driven by organizational restructuring across HQ and Konsolidator Iberia.”
Annual report 2025A · The company itself
InputNegative impact: weakens
“EXTERNAL EXPENSES External expenses amounted to DKK 6.3m in 2025, The subscription fees increased by DKK 2.3m in 2025, from DKK 18.3m in 2024 to DKK 20.6m.”
Annual report 2025A · The company itself
ESG and sustainability reporting
Regulation
DriverNegative impact: weakens
“Failure to meet or implement regulatory requirements in due course with respect to, for instance, data protection, confidentiality agreements, and fraud constitute a risk.”
Annual report 2025A · The company itself
DriverMixed impact: mixed
“Market developments in consolidation can affect the demand for Konsolidator’s product. Changes in legislation related to the requirement of presenting consolidated financial statements can also impact the demand for consolidation systems.”
Annual report 2025A · The company itself
Automation and robotics
Technology
DriverPositive impact: strengthens
“These trends have been major drivers of product development for the Konsolidator Suite in 2025 and are expected to accelerate further in 2026. As companies face faster decision cycles, the need for MARKET DYNAMICS AND COMPETITIVE LANDSCAPE The competitive landscape has evolved significantly.”
Annual report 2025A · The company itself
Business cycle and GDP growth
Macro
DriverPositive impact: strengthens
“Churn remained unsatisfactory, increasing to 12.6% from 10.5% in 2024; however, in Q2 2025, we saw targeted improvements to our onboarding process, which led to reduced terminations. Thus, churn is expected to decline to 6-9% in 2026.”
Annual report 2025A · The company itself
Chains out: this strengthens Global trade volumes, strengthens Construction
Consumer spending
Macro
DriverPositive impact: strengthens
“DELIVERING THE 2025–2027 STRATEGY RECAP: 2025-2027 RESILIENT GROWTH among growth initiatives, product development, and go-tomarket efforts, centered on the needs of increasingly complex finance departments. Konsolidator continues to prioritize clarity and reliability, consistent with its mission: “We make CFOs better through reliable data and reporting.””
Annual report 2025A · The company itself
Chains in: Inflation weakens
Chains out: this strengthens Retail, strengthens Hospitality and leisure, strengthens Premium consumers, strengthens Grocery retail and private label
Data centres
Technology
InputNegative impact: weakens
“In 2025, Konsolidator expanded its data handling capabilities by offering a data warehouse based on Microsoft’s Fabric environment, utilizing Microsoft Power BI as the front-end.”
Annual report 2025A · The company itself
Chains in: Artificial intelligence strengthens
Chains out: this strengthens Electricity, strengthens Copper
Latin America
Geography
Geography
“The subsidiary, which celebrated its first anniversary in May 2025, currently operates in Spain and Portugal, with plans to expand into LATAM in 2026. Since its launch, it has grown 200% (from 10 to 30 customers) and is now the third-largest market by customer count.”
Annual report 2025A · The company itself
Geography
“For 2026, we keep our expectation to accelerate our penetration in the Spanish, Portuguese, and LATAM markets by continuing to focus on our sweet spot market and the launch of new modules in our value proposition.”
Annual report 2025A · The company itself
Nordics
Geography
Geography
“With enhancements to the product suite, Konsolidator is • • • • The Nordics Spain The United Kingdom Germany Partners MARKET GLANCE Customers Offices Countries 2025 22 Customers 2025 283 Employees at year-end now positioned to compete effectively against larger platforms.”
Annual report 2025A · The company itself
Geography
“Konsolidator maintains its go-to-market model of focusing its efforts on the Nordics, UK, and Iberia while using partners to cover the rest of the world.”
Annual report 2025A · The company itself
Competitors mentioned in the report
No named competitors in the report.
Financial figures
| Revenue latest fiscal year | 0.03 bn DKK |
| Revenue growth vs. the year before, same method | 24.7 % |
| EBITDA reported by the company | -0 bn DKK |
| Net debt debt incl. leasing minus cash | N/A |
| Diluted EPS per share | -0.24 DKK |
Source: annual report (ESEF) A. See the report
Criteria
| Profit | ✗ |
| Growing | ✓ |
| Healthy balance sheet | N/A |
Only the criteria that can be computed from financial statements on this page. The remaining criteria (such as price and dividend) need a share price and are in the analysis.