Forbrugsforeningen af 1886 Due Diligence

Run due diligence on Forbrugsforeningen af 1886: check compliance and get alerts when suppliers or ownership change.

Denmark · owned by Independent (Denmark) · forbrugsforeningen.dk · 11 vendors

Forbrugsforeningen af 1886 is a Danish consumer membership association that offers its members cashback bonuses when shopping at thousands of partner stores and webshops across Denmark. Members pay an annual fee and automatically earn bonus rewards at participating retailers spanning categories such as travel, groceries, fashion, and home goods. The association is headquartered in Copenhagen and operates as an independent member-owned organisation.

Resilience scores

Digital Sovereignty: 45
Digital Resilience: 5
Financial Resilience: 7

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Insights

Last updated 2026-09-13 · revision 3

11 direct vendors, 180 subvendors

Direct vendors by controlling owner country (sample)

United States: 4
Denmark: 3
Sweden: 1

Subvendors by controlling owner country (sample)

Japan: 3
Australia: 3
United States: 122

Compliance

9 in-scope frameworks identified; showing 3.

Financials

Three-year financials

2025: gross profit DKK 7.43M, EBIT DKK -28.7M, equity DKK 425M
2024: gross profit DKK 30.5M, EBIT DKK 480K, equity DKK 387M
2023: gross profit DKK 32.6M, EBIT DKK 4.81M, equity DKK 370M

Financial Resilience Score: 7/10

Forbrugsforeningen af 1886 demonstrates strong financial resilience through its ~140-year continuous operating history, which is highly unusual and implies a robust, tested business model. As a member association, it benefits from recurring, predictable revenue from annual membership fees (132 DKK/year) combined with commission income from a large network of Danish retail partners. The two-sided network structure creates natural moats: as either members or partners grow, value increases for the other side. Its legal form as a foreningen means no shareholder pressure for dividends, allowing surpluses to be reinvested into member benefits. The long-standing strategic partnership with Lån & Spar Bank is a significant anchor — this partner alone paid over 25 million DKK back to members in interest in 2025, indicating meaningful scale of financial flows through the association. However, precise financial figures (revenue, EBIT, equity) could not be retrieved for the last three fiscal years, limiting quantitative assessment. Key risks include competition from modern digital cashback and loyalty apps, concentration in the Danish market only, payment/regulatory exposure under PSD2 and interchange rules, aging demographics of traditional consumer associations, and dependency on continued participation of major retail partners.

Key strengths: ~140 years of continuous operation since 1886, Recurring membership fee revenue base (132 DKK/year), Two-sided network effects between members and partner retailers, Long-standing strategic partnership with Lån & Spar Bank, Association legal form — no shareholder dividend pressure, Broad partner network across all major consumer categories, Lån & Spar paid 25+ MDKK back to members in 2025 alone

Risk factors: Competition from digital cashback and loyalty apps (Pluspris, credit card cashback, retailer-specific programs), 100% concentration in Danish retail market — no international diversification, Payment card and regulatory risk (PSD2, interchange-fee regulation, card-scheme rules), Aging membership demographics — challenge acquiring younger consumers, Partner churn risk — reliance on continued participation of major retail chains, Precise recent financial figures not publicly retrievable in this session

Revenue by geography

Denmark: 100%

Revenue by product/service

Membership fees: 0%
Partnership/marketing income: 0%
Commissions from partner retailers: 0%
Financial income from float/investments: 0%

Workforce by country

Denmark: 0

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