Approxima Due Diligence

Run due diligence on Approxima: check compliance and get alerts when suppliers or ownership change.

Denmark · owned by APPROXIMA HOLDING ApS (Denmark) · www.approxima.com · 9 vendors

Approxima is a Danish SAP consultancy specialising in the implementation of SAP S/4HANA solutions for medium and large enterprises, both on-premise and in the cloud. The company's core competencies include SAP implementation, project management, solution architecture, BI & Analytics, and business intelligence reporting. Headquartered in Kongens Lyngby near Copenhagen, Approxima has delivered SAP projects for major Danish organisations including ATP, Ørsted, Andel, Energinet.dk, Arriva, and Berlingske.

Resilience scores

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Last updated 2026-11-02 · revision 2

9 direct vendors, 172 subvendors

Direct vendors by controlling owner country (sample)

Subvendors by controlling owner country (sample)

Compliance

10 in-scope frameworks identified; showing 3.

Aftaleloven — No public evidence

The Danish Contracts Act applies to all agreements entered into by Approxima, as a Danish company. This includes contracts with clients, suppliers, and employees.

eIDAS Regulation — No public evidence

The eIDAS Regulation applies if the company acts as a trust service provider (e.g., issuing electronic signatures, seals, or certificates) or integrates with national electronic identification schemes.

ISO 27001 (source) — No public evidence

As a technology and SAP consulting firm, customers would typically expect a commitment to information security. ISO 27001 is a globally recognized standard for information security management systems (ISMS).

Financials

Three-year financials

Financial Resilience Score: 6/10

Approxima A/S remains solidly profitable with FY2025 EBIT of DKK 4.33M and net profit of DKK 3.21M despite two consecutive years of declining performance. Historically the company has shown very strong profitability ratios, with liquidity around 215%, return on assets around 35%, and solvency around 36% through 2023, and even in 2025 the afkastningsgrad remained at a healthy 18.3%. The company is conservatively capitalised with DKK 5.63M equity against ~24 employees, no evidence of debt distress, and a niche SAP consultancy focus on stable verticals (Utility, Public, Insurance, Telecommunications) where S/4HANA migration pipelines are long. However, the two-year decline is material: gross profit fell ~38% in FY2025 while headcount was essentially flat, pointing to utilisation or billable-rate pressure rather than cost restructuring. Equity dropped ~DKK 3.7M despite positive net income, implying a ~DKK 6.9M dividend to parent Approxima Holding ApS, leaving a thinner retained-earnings buffer. Combined with key-person concentration around a small founding partner group, single-country (Denmark) and single-vendor (SAP) exposure, and the opacity caused by non-disclosure of revenue, resilience is moderate rather than strong.

Key strengths: Consistently profitable with positive EBIT and net income across all reported years, Historically strong return on assets (18-40% range) and liquidity (~215%), Conservative capital structure with no evident debt distress, Niche SAP specialisation in stable verticals (Utility, Public, Insurance, Telecom), Stable headcount of 23-24 employees indicating operational continuity, Backed by holding company structure (Approxima Holding ApS)

Risk factors: Two consecutive years of declining gross profit, EBIT, net profit and equity, FY2025 gross profit dropped ~38% while headcount stable - utilisation/margin pressure, Equity drawdown via large dividend to parent reduces retained-earnings buffer, Key-person risk concentrated in small senior partner group (~24 total staff), Single-country exposure (100% Denmark) and single-vendor dependency (SAP), Revenue not disclosed, limiting external financial monitoring, Small scale (~24 employees) limits ability to absorb client losses

Revenue by geography

Revenue by product/service

Workforce by country

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