Dubex A/S Due Diligence

Run due diligence on Dubex A/S: check compliance and get alerts when suppliers or ownership change.

Denmark · owned by Conscia Group (Sweden) · dubex.dk · 29 vendors

Dubex is a full-service cybersecurity company with over 25 years of experience, providing comprehensive security solutions including risk management, security operations, incident response, offensive security, and cybersecurity training. The company helps organizations strengthen security and enable growth through expert consulting, managed security services, and technical security solutions.

Resilience scores

Technology vendors

Services catalogue

1 service in catalogue across 1 category; runs on 29 sub-vendors.

Insights

Last updated 2026-09-13 · revision 28

29 direct vendors, 259 subvendors

Direct vendors by controlling owner country (sample)

Subvendors by controlling owner country (sample)

Compliance

4 in-scope frameworks identified; showing 3.

GDPR (source) — No public evidence

NIS2 (source) — No public evidence

ISO 27001 (source) — No public evidence

Financials

Three-year financials

Financial Resilience Score: 4/10

Dubex A/S shows a mixed resilience profile. On the positive side, the company demonstrated a strong recovery in FY2024/25 with revenue growth of ~21% to DKK 134.5M and EBIT rebounding to DKK 4.0M after a near break-even prior year. The company operates in the structurally growing cybersecurity sector, has over 25 years of niche expertise, and had strategic value that led to its acquisition by Conscia Danmark A/S. Equity grew 38% in FY2024/25 to DKK 14.1M via retained earnings. However, several factors weigh on the resilience score. The equity base is very thin (DKK 10-16M) relative to revenue exceeding DKK 100M, providing limited cushion against downturns. Profitability has been highly volatile over 13 years, swinging between DKK 6M losses (2016, 2019) and DKK 8M profits (2020). Staff costs of DKK 54M consume nearly all gross profit, making the cost structure inflexible. Revenue is essentially single-country (Denmark), and the historical revenue trajectory shows no strong secular growth—FY2025 revenue is still below the 2020 peak of DKK 161M. Most importantly, Dubex A/S was dissolved after merger into Conscia Danmark A/S on 29 December 2025, so it no longer exists as a standalone entity. This eliminates its standalone credit or investment relevance going forward, though the underlying business continues within Conscia.

Key strengths: Strong FY2024/25 revenue rebound of ~21% to DKK 134.5M, EBIT recovery from near-zero to DKK 4.0M in FY2024/25, Equity grew 38% to DKK 14.1M via retained profit, Over 25 years of specialist cybersecurity expertise, Strategic value validated by Conscia acquisition, Improving gross margin (~44% in FY2024/25) reflecting services mix shift

Risk factors: Thin equity base (DKK 10-16M) relative to DKK 100M+ revenue, Highly volatile profitability with multiple loss years historically, Staff cost intensity (~DKK 54M) consumes most of gross profit, Single-country revenue concentration in Denmark, No secular revenue growth—FY2025 below 2020 peak of DKK 161M, Entity legally dissolved after merger on 29 December 2025, Lumpy product resale creates earnings volatility

Revenue by geography

Workforce by country

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