Secher Security ApS Due Diligence
Run due diligence on Secher Security ApS: check compliance and get alerts when suppliers or ownership change.
Denmark · owned by MBS Intermediate Dutch Bidco B.V. (Netherlands) · www.sechersecurity.dk · 13 vendors
Secher Security ApS is a Danish IT security and networking company headquartered in Silkeborg, Denmark. The company specialises in simplifying and optimising complex IT infrastructures for medium and large Danish businesses with global locations, primarily through Managed SASE solutions built on the Cato Networks platform. It is Denmark's most experienced Cato Networks partner and has received the prestigious Børsen Gazelle award three years in a row (2023–2025).
Resilience scores
- Digital Sovereignty: 31
- Digital Resilience: 6
- Financial Resilience: 7
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Insights
Last updated 2026-09-13 · revision 7
13 direct vendors, 134 subvendors
Direct vendors by controlling owner country (sample)
- Belgium: 1
- Israel: 1
- Romania: 1
Subvendors by controlling owner country (sample)
- Japan: 2
- Germany: 4
- Belgium: 1
Compliance
3 in-scope frameworks identified; showing 3.
GDPR (source) — No public evidence
Evidence: https://www.sechersecurity.dk/persondatapolitik/
SOC 2 (source) — No public evidence
ISO 27001 (source) — No public evidence
Financials
Three-year financials
- 2025: gross profit DKK 6.20M, EBIT DKK 2.34M, equity DKK 1.38M
- 2024: gross profit DKK 6.38M, EBIT DKK 4.30M, equity DKK 2.50M
- 2023: gross profit DKK 5.79M, EBIT DKK 3.71M, equity DKK 3.00M
Financial Resilience Score: 7/10
Secher Security ApS demonstrates strong qualitative financial resilience despite the absence of disclosed quantitative figures. The company has received the Børsen Gazelle award in three consecutive years (2023, 2024, 2025), which by definition requires at least a doubling of revenue or gross profit over a rolling four-year window, positive growth in each year, profitability throughout, and positive equity. This is an unusually strong track record for a Danish SME and signals sustained, profitable growth. The business model adds further resilience: Managed SASE and managed cybersecurity services typically generate recurring subscription revenue with multi-year contracts, providing strong revenue visibility. The company occupies a defensible niche as Denmark's most experienced Cato Networks partner, with high customer switching costs once SASE platforms are deployed. Reference customers include established mid-market Danish firms (Hoyer Motors, Flügger, Cabinplant), suggesting a stable enterprise contract base. However, several risks temper the score. The company is a small ApS with a limited capital base, heavy single-vendor dependency on Cato Networks, key-person risk around the founder, and likely customer concentration given the small employee base. FX exposure between USD-denominated Cato licences and DKK customer billing is also a structural risk. Without access to the official årsrapport, exact margins, equity, and liquidity cannot be confirmed.
Key strengths: Three consecutive Børsen Gazelle awards (2023, 2024, 2025) implying doubled revenue/gross profit and continuous profitability, Recurring-revenue managed services model with multi-year SASE subscription contracts, Specialised defensible niche as Denmark's most experienced Cato Networks partner, Blue-chip mid-market reference customers (Hoyer Motors, Flügger, Cabinplant), Structurally growing cybersecurity/SASE market in the Nordic mid-market, Active hiring and continued investment signals through 2025
Risk factors: Heavy dependence on single technology vendor (Cato Networks), Small ApS with limited capital base, Key-person risk around founder Kristian Secher-Johnsen, Skilled cybersecurity labour scarcity and wage inflation in Denmark, Likely customer concentration given small employee base, FX risk between USD-denominated Cato licences and DKK/EUR customer revenue
Revenue by geography
- Denmark: 100%
Revenue by product/service
- Global Connectivity (GNX): 0%
- Managed SASE / Cato Networks platform: 0%
- Advisory / Proof-of-Concept / Risk Assessments: 0%
Workforce by country
- Denmark: 0
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