Grant ApS Due Diligence

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

Denmark · owned by Independent (Denmark) · grant.nu · 6 vendors

Grant ApS is a Danish software company that provides a digital fund administration system designed to help foundation boards manage grant applications efficiently. The platform automates routine administrative tasks such as application intake, board voting, decision tracking, and applicant communications. It offers tiered subscription packages for foundations of varying sizes and activity levels.

Resilience scores

Disruption prediction

The category benchmark for Grant ApS is a 5% probability of disruption in the next three months.

1 of Grant ApS's 6 vendors have incident tracking.

Technology vendors

Insights

Last updated 2026-10-05 · revision 3

6 direct vendors, 99 subvendors

Direct vendors by controlling owner country (sample)

Subvendors by controlling owner country (sample)

Migration Readiness: 3/10

Assessed by AI based on technology stack characteristics (cloud-native vs legacy, containerization, microservices), regulatory environment, data residency requirements, financial stability, and vendor lock-in risks. The score ranges from 0-10, where higher scores indicate better readiness for technology migration.

Grant ApS demonstrates low migration readiness. The company's internal tech stack, based on PHP, MySQL, and Apache, is traditional and not cloud-native, containerized, or microservices-oriented. This monolithic architecture would require substantial re-engineering and refactoring for a modern cloud migration, significantly increasing complexity, cost, and time. The 'Medium' vendor lock-in risk further complicates migration efforts, as disentangling from existing vendor contracts and dependencies could be challenging. Crucially, there is a complete lack of information regarding the regulatory environment, data residency requirements, and financial stability (ability to fund migration). For a company operating in Denmark, GDPR compliance and specific data residency rules are highly probable and would be critical factors in any migration strategy. The absence of this data, combined with the traditional tech stack and vendor lock-in, indicates significant hurdles and unknowns for a successful migration.

Compliance

8 in-scope frameworks identified; showing 3.

SOC 2 (source) — No public evidence

As a cloud-based service provider, customers may require a SOC 2 report to provide assurance about the security, availability, and confidentiality of their data.

eIDAS — No public evidence

The eIDAS Regulation governs electronic identification and trust services for electronic transactions in the EU. It is not directly applicable to a SaaS provider unless they offer such services.

Evidence: https://idenfy.com/blog/eidas-regulation/, https://ec.europa.eu/digital-building-blocks/sites/spaces/DIGITAL/pages/467109074/eSignature+-+Get+started, https://www.docusign.com/learn/eidas, https://www.digicert.com/faq/signature-trust/what-is-eidas, https://airia.com/blog/eu-ai-act-risk-categories-which-tier-is-your-ai-system/, https://www.pinsentmasons.com/out-law/guides/guide-to-high-risk-ai-systems-under-the-eu-ai-act

EU AI Act (source) — No public evidence

The applicability of the EU AI Act depends on whether Grant ApS's software uses artificial intelligence to make decisions about individuals, such as ranking grant applicants. This would be considered a high-risk use case under the Act.

Evidence: https://www.pinsentmasons.com/out-law/guides/guide-to-high-risk-ai-systems-under-the-eu-ai-act, https://airia.com/blog/eu-ai-act-risk-categories-which-tier-is-your-ai-system/, https://www.onetrust.com/glossary/ai-act-high-risk-systems/, https://artificialintelligenceact.eu/high-level-summary/

Financials

Three-year financials

Financial Resilience Score: 8/10

Grant ApS demonstrates very strong balance-sheet quality for a micro-enterprise. Equity funds approximately 81% of a DKK 7.08M balance sheet, with liquidity at 510% (up from 376.4% in 2024) and solvency at 80.8%. All three key financial ratios are classified as 'Meget god' (very good) by Proff.dk. The company has been consistently profitable since 2022, with net profit positive every year and gross profit growing roughly 3.6x in four years, indicating real commercial traction rather than one-off effects. The product (GrantOne) is embedded in grant-making workflows at Danish foundations where switching costs are high, and reference customers include well-known Danish organisations like Lemvigh-Müller, S.C. Van Fonden, and Spar Nord Fonden, indicating multi-year enterprise relationships. However, absolute scale remains small (equity DKK 5.72M, total assets DKK 7.08M), meaning a single large customer loss could materially swing results. FY2025 saw margin compression with EBIT and net profit both falling ~18% YoY despite growing gross profit, indicating operating costs grew faster than top-line value add. Equity stayed essentially flat between FY2024 and FY2025 despite DKK 2.46M in net profit, implying a dividend of ~DKK 2.5M was distributed, which limits internal capital accumulation. The company also has geographic and product concentration risk as a single-product, single-market firm with a small team.

Key strengths: Solvency ratio of 80.8% - equity funds ~81% of balance sheet, Liquidity ratio of 510%, up from 376.4% in 2024, Return ratio of 34.8%, classified as 'Meget god', Consistent profitability since 2022 with gross profit growing 3.6x in four years, Sticky public-sector/foundation customer base with high switching costs, Headcount growth from 3 (FY2022) to 11 (current) tracking revenue growth, Reference customers include Lemvigh-Müller, S.C. Van Fonden, Spar Nord Fonden

Risk factors: Very small absolute scale (equity DKK 5.72M, total assets DKK 7.08M), FY2025 margin compression - EBIT and net profit both fell ~18% YoY, Equity essentially flat due to estimated ~DKK 2.5M dividend distribution, Single product (GrantOne) concentration risk, Single market (Denmark) geographic concentration - ~100% revenue, Key-person risk with small team of 11, Auditor change in August 2025 from GBH Revision to Baker Tilly Denmark, Growth flattening in 2025 (+5%) after +77% and +95% in prior years

Revenue by geography

Revenue by product/service

Workforce by country

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