Lyngby-Taarbæk Kommune Due Diligence

Run due diligence on Lyngby-Taarbæk Kommune: check compliance and get alerts when suppliers or ownership change.

Denmark · owned by Independent (Denmark) · ltk.dk · 17 vendors

Lyngby-Taarbæk Kommune is a Danish municipal authority located north of Copenhagen, responsible for delivering public services to its residents. It provides a wide range of services including citizen affairs, childcare and schools, social support, healthcare, urban planning, and environmental management. The municipality is governed by an elected municipal council (Kommunalbestyrelse) and is headquartered at Lyngby Rådhus.

Resilience scores

Digital Sovereignty: 71
Digital Resilience: 4
Financial Resilience: 8

Technology vendors

Apple Inc. — Technology — United States
Cookie Information ApS — Technology — Denmark
TOPdesk — Technology — Netherlands
and 14 more

Insights

Last updated 2026-09-13 · revision 23

17 direct vendors, 202 subvendors

Direct vendors by controlling owner country (sample)

Belgium: 1
Finland: 1
Denmark: 7

Subvendors by controlling owner country (sample)

United States: 119
Brazil: 1
Latvia: 1

Compliance

8 in-scope frameworks identified; showing 3.

Financials

Three-year financials

2024: revenue DKK 5.08B, EBIT DKK 339.2M, equity DKK 2.69B
2023: revenue DKK 4.63B, EBIT DKK 139.5M, equity DKK 2.42B
2022: revenue DKK 4.42B, equity DKK 2.30B

Financial Resilience Score: 8/10

Lyngby-Taarbæk Kommune is a financially resilient, high-income Copenhagen-region Danish municipality with a strong and growing tax revenue base of approximately DKK 5.1 billion in 2024. The municipality delivered a substantial annual surplus of DKK 226 million in 2024, more than tripling the DKK 72 million surplus of 2023, and restored liquidity to DKK 205 million at year-end (from -DKK 38 million at end-2023). Average liquidity for 2024 was DKK 445 million, well above the target minimum of DKK 200 million set in the new economic policy. The balance sheet is solid, with equity of DKK 2.69 billion supported by substantial real-estate holdings (DKK 2.48 billion) and financial assets (DKK 1.38 billion, including 100% ownership of Lyngby-Taarbæk Forsyning A/S). Long-term debt is manageable at DKK 659 million, much of it offset by matching assets. As a Danish municipality, the entity benefits from the equalisation system, statsgaranti option, and de facto Danish sovereign credit standing. Principal ongoing risks include structural cost pressures on specialised social services (children in need, adult social care), elderly-care demographic pressures with persistent overspend, property-tax valuation uncertainty causing revenue shortfalls (DKK 24.3M mindreindtægt on grundskyld in 2024), and DKK 4.82 billion in contingent guarantee obligations largely covering social housing and utility joint ventures. These risks are actively managed through action plans (handleplaner) and multi-year budget frameworks.

Key strengths: Strong and growing tax revenue base of ~DKK 5.1B in 2024 (+9.7% YoY), Substantial annual surplus of DKK 226M in 2024, up from DKK 72M in 2023, Positive equity of DKK 2.69B with substantial real-estate and financial holdings, Restored liquidity: average DKK 445M in 2024, year-end DKK 205M, High-income Copenhagen-region municipality with wealthy tax base, Danish sovereign-quality risk profile via equalisation system, Income tax base grew ~20.7% over 2021-2024 (~6.5% p.a.), Modest population growth of ~1.5% over 3 years to 58,713

Risk factors: Structural cost pressure on specialised social services (children, adult social care), Persistent overspend on elderly care (DKK 15.1M in 2023) with demographic pressures, Tenestemandspension liability of DKK 1.21B, recalculated 2025, Property-tax valuation uncertainty (DKK 24.3M shortfall on grundskyld in 2024), DKK 4.82B in contingent guarantee obligations (social housing, utilities), Net contributor to equalisation system - paid DKK 1,620.8M into landsudligning in 2024, Capital program execution delays affecting cash-flow forecasting, DKK 20.6M tax-sanction paid in 2024 (falls away from 2025)

Revenue by geography

Denmark: 100%

Revenue by product/service

Personal Income Tax: 74%
Grundskyld (Property Tax on Land): 11%
Other/Miscellaneous: 7%
Selskabsskat (Corporate Tax Share): 4%
Dækningsafgift (Commercial-Property Duty): 2%
Anden Skat (Other Taxes): 1%
Dækningsafgift Offentlige Ejendomme: 1%

Workforce by country

Denmark: 3931

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