Visma Dataløn og Proløn A/S
Gærtorvet 3, 1799 København V, CVR 48117716
Rank Profit for the year
Rank in industry
2/657
"Top 10%"
Rank in Denmark
1,469/322,455
"Top 10%"
Top management Top 3
| Karina Wellendorph 4 | Director |
Board Top 3
| Ari-Pekka Salovaara 3 | Chairman of board |
| Aapo Juhani Syväoja 2 | Vice chairman |
| Bjørn David Pavia Hvidsteen 1 | Boardmember |
Legal owners Top 3
Rights certificate
Selskabet tegnes af en direktør i forening med formanden eller næstformanden, formanden eller næstformanden i forening med et andet bestyrelsesmedlem eller af den samlede bestyrelse.
Company information based on CVR
| Name | Visma Dataløn og Proløn A/S |
|---|---|
| Alternate names | Bluegarden A/S, Bluegarden Danmark A/S, Bluegarden Holding A/S, Multidata A/S, Multidata Holding A/S, Proløn A/S, Visma Bluegarden A/S, Multiløn A/S, Multiløn Holding A/S, Team Siri A/S, Team Siri Holding A/S, Visma Dataløn A/S, Visma Enterprise A/S Show more |
| CVR | 48117716 |
| Address | Gærtorvet 3, 1799 København V |
| Industry | Data processing, hosting and related activities [631100] |
| Web | |
| Established | 09-05-1968 (54 yr) |
| Company type | Limited Corporation |
| Number of employees | 200 (man years:196) |
| Advertising protection | No |
| Auditor | Ey Godkendt Revisionspartnerselskab since 20-09-2017 |
| Financial statement period | 01-01 to 31-12 |
| Company capital | 10,001,000 DKK 10,000,000 DKK (14-04-2011 - 31-12-2020) 9,000,000 DKK (30-06-2003 - 13-04-2011) 10,000,000 DKK (22-04-1997 - 29-06-2003) 1,200,000 DKK (30-08-1987 - 21-04-1997) |
| Articles of assoc. last | 01-01-2021 |
Member of industries
- Data processing, hosting and related activitiesNACE6 containing 1,299 comp.
- Data processing, hosting and related activities, web portalsNACE3 containing 2,615 comp.
- Information service activitiesNACE2 containing 3,206 comp.
- Information and communicationNACE1 containing 43,259 comp.
Purpose
Selskabets formål er at drive erhvervsvirksomhed ved levering af løn- og personaleadministrative ydelser og rådgivning inden for disse områder samt anden virksomhed, der står i forbindelse med formålet. Selskabet kan som aktionær, ansvarlig interessent, långiver eller på anden måde drive virksomhed inden for angivne formål.
Financial Statement
| 2021 | 2020 | 2019 | |
|---|---|---|---|
| Currency/unit | 000' DKK | 000' DKK | 000' DKK |
| Revenue | 379,875 +2% | 372,873 +18% | 315,677 -37% |
| Gross Profit | 284,413 +5% | 270,218 +19% | 227,404 -30% |
| Profit for the year | 112,611 +9% | 103,537 +16% | 89,348 -1% |
| Equity | 248,403 +27% | 195,792 +26% | 155,207 -37% |
| Total Assets | 351,633 +13% | 312,270 +2% | 305,877 -26% |
Mangement review
Strategic key efforts in 2021
In 2021, the key strategic efforts were:
Grow Customer Base
Replace Payroll Engine
Most appreciated Payroll Product
Expand Value Proposition
The Empowered Organization
Development in activities and finances in 2021
In 2021, Visma DataLøn og Proløn realised revenue of 380 MDKK compared to 373 MDKK in 2020. The increase, 2% compared to last year, is in line with expectations under the given Covid-19 situation.
Result before net financials stands at 147 MDKK (2020: 136 MDKK) equal to a profit margin of 38.7% which is approx. 2% points higher than last year.
Net financials for 2021 amounted to a net expense of 1.1 MDKK (2020: net expense of 2.3 MDKK). The decrease compared to last year derives mainly from settlement of a loan facility in ProLøn A/S.
Profit of the year was 112.6 MDKK. The profit of the year is considered very satisfactory under the given Covid 19 conditions and compared to the expectations for the year.
Personal data, including EU General Data Protection Regulation (GDPR)
Visma DataLøn og ProLøn is compliant with applicable privacy legislation.
In 2021, we continued to comply with the GDPR requirements, and our internal processes reflect that we handle our clients' data with a focus on safety and security. We have a continuous focus on strengthening internal processes, and we carry out awareness training for new employees as well as internal Visma e learning programs and tests for all employees. We participated very active in the ECSM with several internal articles and “Cybersecurity for Dummies”.
Our efforts are handled by our Data Protection Manager and Security Manager and is a regular recurring theme at our monthly Internal Data Security Board meetings.
Visma DataLøn is ISAE 3000 compliant.
During 2021 Visma DataLøn og ProLøn has offered several customer seminars on processing personal data, thus contributing to customers being compliant. It is a major focus area for our customers.
Special risks
IT security and business continuity
As a technology business whose core services for customers are based on information technology, IT security, process safety and business continuity are crucial. This applies to both applications and production processes where quality assurance is the focal point. Visma DataLøn og ProLøn requires a high level of security in its own processes and in those of sub contractors. Security is tested on a regular basis and verified through auditor’s reports, and audits are also performed by companies specialized in IT security.
Market conditions and fluctuations
Demand for our products and services is to some degree sensitive to economic developments as sales of payroll administration products are affected by the employment situation and the business climate in general. Risks are minimized by having a portfolio of products and support services.
In 2021, like the rest of the society, we were also affected by Covid-19. Many of our physical seminars were offered online. And since a large part of our customers are industries heavily affected by Covid-19 with layoffs as a result, this has had negative consequences for the number of payslips produced by us.
Financial risks
Visma DataLøn og ProLøn' business activity does not imply currency risk except for minor exposures in NOK, SEK and EUR related to intercompany trade and 3rd party suppliers. The Company manages interest rate risks mainly by the Visma Cash pool agreement. The company has no net interest bearing debt. Steps are taken to reduce credit risks from customers by having processes in place for rating major customers.
In 2021, the key strategic efforts were:
Grow Customer Base
Replace Payroll Engine
Most appreciated Payroll Product
Expand Value Proposition
The Empowered Organization
Development in activities and finances in 2021
In 2021, Visma DataLøn og Proløn realised revenue of 380 MDKK compared to 373 MDKK in 2020. The increase, 2% compared to last year, is in line with expectations under the given Covid-19 situation.
Result before net financials stands at 147 MDKK (2020: 136 MDKK) equal to a profit margin of 38.7% which is approx. 2% points higher than last year.
Net financials for 2021 amounted to a net expense of 1.1 MDKK (2020: net expense of 2.3 MDKK). The decrease compared to last year derives mainly from settlement of a loan facility in ProLøn A/S.
Profit of the year was 112.6 MDKK. The profit of the year is considered very satisfactory under the given Covid 19 conditions and compared to the expectations for the year.
Personal data, including EU General Data Protection Regulation (GDPR)
Visma DataLøn og ProLøn is compliant with applicable privacy legislation.
In 2021, we continued to comply with the GDPR requirements, and our internal processes reflect that we handle our clients' data with a focus on safety and security. We have a continuous focus on strengthening internal processes, and we carry out awareness training for new employees as well as internal Visma e learning programs and tests for all employees. We participated very active in the ECSM with several internal articles and “Cybersecurity for Dummies”.
Our efforts are handled by our Data Protection Manager and Security Manager and is a regular recurring theme at our monthly Internal Data Security Board meetings.
Visma DataLøn is ISAE 3000 compliant.
During 2021 Visma DataLøn og ProLøn has offered several customer seminars on processing personal data, thus contributing to customers being compliant. It is a major focus area for our customers.
Special risks
IT security and business continuity
As a technology business whose core services for customers are based on information technology, IT security, process safety and business continuity are crucial. This applies to both applications and production processes where quality assurance is the focal point. Visma DataLøn og ProLøn requires a high level of security in its own processes and in those of sub contractors. Security is tested on a regular basis and verified through auditor’s reports, and audits are also performed by companies specialized in IT security.
Market conditions and fluctuations
Demand for our products and services is to some degree sensitive to economic developments as sales of payroll administration products are affected by the employment situation and the business climate in general. Risks are minimized by having a portfolio of products and support services.
In 2021, like the rest of the society, we were also affected by Covid-19. Many of our physical seminars were offered online. And since a large part of our customers are industries heavily affected by Covid-19 with layoffs as a result, this has had negative consequences for the number of payslips produced by us.
Financial risks
Visma DataLøn og ProLøn' business activity does not imply currency risk except for minor exposures in NOK, SEK and EUR related to intercompany trade and 3rd party suppliers. The Company manages interest rate risks mainly by the Visma Cash pool agreement. The company has no net interest bearing debt. Steps are taken to reduce credit risks from customers by having processes in place for rating major customers.
20-04-2022