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A/S Kelvin Hughes

Public limited companyCVR 36664916BallerupActive

A/S Kelvin Hughes is a public limited company, based in Ballerup, active in wholesale of information and communication equipment, founded in 1976. Equity was negative at the end of 2025 (−DKK 11.7m). The company made a loss in both 2024 and 2025, most recently DKK 2.3m. The company has existed for over 50 years.

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Key figures · financial year 2025

Gross profitDKK 949k−23.8% vs. 2024
Net profit−DKK 2.3m+17.1% vs. 2024
Equity−DKK 11.7m−25% vs. 2024
Employees2latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Gross profit fell 24% (2024 → 2025), to DKK 949k.
  • The loss got smaller: from DKK 2.8m to DKK 2.3m (2024 → 2025).

Employees

  • 1 fewer employees than a year earlier: 2 (07/2026) against 3 (07/2025).

Management and owners, last 24 months

  • New in management: Toby Patrick William Newton (board member, 08/05/2025).
  • Stepped down: Clive Jonathan Corris (board member, 30/04/2025).
  • New owners registered: Kelvin Hughes Limited (21/08/2026).
  • No longer registered as owner: KH Finance Limited (21/08/2026).

Registrations, last 24 months

  • 01/01/2025: Industry changed to Wholesale of information and communication equipment (465000)

Calculated from the latest two annual reports in sequence and from registrations in CVR. A figure that is missing in either year gives no line, and we derive no figures.

Financial statements

Financial years 2020–2025 · amounts in DKK thousand

Equity and net profit

−DKK 12m−DKK 10m−DKK 8m−DKK 6m−DKK 4m−DKK 2mDKK 0202020212022202320242025
EquityNet profit
Financial figures for A/S Kelvin Hughes
202020212022202320242025Change
Revenuenot statednot statednot statednot statednot statednot stated–
Gross profit7154102,2915111,247949−23.8%
Operating profit (EBIT)−1,833−2,406−568−2,313−2,322−2,826−21.7%
Profit before tax−1,827−2,524−438−2,341−2,831−2,346+17.1%
Net profit−1,827−2,524−438−2,341−2,831−2,346+17.1%
Total assets346475396471562845+50.2%
Equity−1,261−3,785−4,223−6,564−9,395−11,741−25%
Liabilities1,6074,2604,6197,0359,95712,585+26.4%
Cash and cash equivalents2623012085149445+199.3%
Average number of employees2222330%

Source: annual reports filed with the Danish Business Authority (XBRL). Figures for the company (not the group); change is the latest year against the year before. “–” means the figure is not stated in the annual report. Revenue is not stated for 2020, 2021, 2022, 2023, 2024, 2025: smaller companies may omit it, and we do not derive it from other figures.

Download the figures as CSV · free with an account, amounts in whole DKK

DKK 0DKK 1mDKK 2mDKK 3mDKK 4mDKK 5mDKK 6m202020212022202320242025
Gross profitMedian, the industry (543 companies)

Signals from the financial statements

calculated from the 2025 figures

  • Negative equity

    Equity was −DKK 11.7m at the end of 2025.

    How is this calculated?

    Equity in the latest annual report is below zero.

  • Loss for 6 years in a row

    Net result has been negative in 2020–2025.

    How is this calculated?

    Net result is negative in the two or more latest annual reports in a row.

The signals are rules applied to the figures in the annual reports. They are not an assessment or credit rating of the company. See Data and method.

Annual reports

6 financial years
Annual reports for A/S Kelvin Hughes
Financial yearPeriodPublishedFigures forDocuments
202501/01/2025 – 31/12/202511/06/2026The companyPDF not statedXBRL
202401/01/2024 – 31/12/202409/07/2025The companyPDFXBRL
202301/01/2023 – 31/12/202312/08/2024The companyPDFXBRL
202201/01/2022 – 31/12/202203/07/2023The companyPDFXBRL
202101/01/2021 – 31/12/202129/06/2022The companyPDFXBRL
202001/01/2020 – 31/12/202028/06/2021The companyPDFXBRL

The figures from all the annual reports are shown on this page. The documents themselves (PDF and XBRL, the machine-readable edition) are downloaded with a Pro account: sign in or create a free account, and then choose Pro. XBRL is the edition the figures on the page are read from.

Employees

monthly figures from CVR
011223308/2309/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/26
Employees

Position in the industry

543 companies in the database

Comparison with the other companies in wholesale of information and communication equipment based on the latest financial year.

Gross profitDKK 949kNo. 469 of 542
Better than 13% of the companies in the industry
Equity−DKK 11.7mNo. 536 of 543
Better than 1% of the companies in the industry
Number of employees2No. 340 of 543
Better than 37% of the companies in the industry

Industry median: gross profit DKK 5.3m, net profit DKK 594k, equity DKK 3.9m, 5 employees.

DKK 100kDKK 1mDKK 10.9mDKK 114.3mDKK 546.2mHere
Distribution of gross profit for 522 companies in the industry (latest financial year, logarithmic scale). Amber bar: where this company sits.

Compared with similar companies

size, age and company form
Rank among similar companies
GroupGross profitEquity
Companies with fewer than 20 employees69,967 companies in the comparison
No. 45,680of 69,742
Better than 35%
No. 69,643of 69,964
Better than 0%
Same industry and fewer than 20 employees429 companies in the comparison
No. 358of 429
Better than 17%
No. 425of 429
Better than 1%
Companies that are at least 30 years old10,276 companies in the comparison
No. 8,253of 10,152
Better than 19%
No. 10,221of 10,275
Better than 1%
All companies of type A/S18,025 companies in the comparison
No. 15,689of 17,786
Better than 12%
No. 17,812of 18,024
Better than 1%

The rank is calculated among companies in the database with a figure for the latest financial year, and is shown only for groups of at least ten companies.

Compare with the industry

Wholesale of information and communication equipment
Gross profit
  1. A/S Kelvin HughesDKK 949k
  2. Atea A/SDKK 1.2bn
  3. Siemens AktieselskabDKK 448.5m
Net profit
  1. A/S Kelvin Hughes−DKK 2.3m
  2. Atea A/SDKK 2.2m
  3. Siemens AktieselskabDKK 93.5m
Equity
  1. A/S Kelvin Hughes−DKK 11.7m
  2. Atea A/SDKK 694.3m
  3. Siemens AktieselskabDKK 279.7m
Employees
  1. A/S Kelvin Hughes2
  2. Atea A/S1,550
  3. Siemens Aktieselskab640

Latest financial year per company. Choose up to three companies from the largest in the industry.

Owners and group

from the Public Ownership Register
Owners
  • Kelvin Hughes Limited100%
A/S Kelvin Hughes

Management

4 active registrations

Executive management

Executive management at A/S Kelvin Hughes
NameRoleAppointed
Adrian PilbeamCEO17/06/2024

Board of directors

Board of directors at A/S Kelvin Hughes
NameRoleAppointed
Flemming HaaseBoard member01/06/2022
Russell Charles GouldChair of the board01/06/2022
Toby Patrick William NewtonBoard member08/05/2025
Former management (24)
Former management at A/S Kelvin Hughes
NameRoleAppointedResigned
Ebbe HøstChair of the board21/12/197601/03/2001
Willy Nørgaard HansenBoard member21/12/197629/05/2002
Willy Nørgaard HansenDirector21/12/197629/05/2002
Anthony Roy StevensonBoard member21/12/197601/03/1989
Austin Hugh PopeBoard member21/12/197620/05/1992
Ronald James HarmanBoard member21/12/197625/04/1990
Norman Victor BarberBoard member21/12/197611/09/2000
David SheppardBoard member21/12/197611/09/2000
Martin Hartley JonesBoard member11/09/200030/07/2001
John FerrieChair of the board01/03/200115/11/2001
Ronald George NailerBoard member30/07/200102/07/2007
Michael David CotterillChair of the board15/11/200117/12/2008
Aloysius Petrus Maria BransBoard member29/05/200217/12/2008
Ronald George NailerDirector29/05/200202/07/2007
Russell Charles GouldBoard member02/07/200731/05/2022
Russell Charles GouldDirector02/07/200731/05/2022
Simon Patrick Martin HughesBoard member17/12/200831/05/2022
Barry WadeBoard member17/12/200831/10/2016
Martin Stuart TaylorBoard member17/12/200801/06/2016
Peter Laugharne Griffith-JonesChair of the board17/12/200808/02/2011
Christopher James EastealChair of the board08/02/201128/09/2018
David John MillardChair of the board28/09/201831/05/2022
Peter David DillonCEO01/06/202214/06/2024
Clive Jonathan CorrisBoard member01/06/202230/04/2025

Signing rule: Selskabet tegnes af bestyrelsens formand alene eller af en direktør alene eller af den samlede bestyrelse

Address and production units

1 active production units

Borupvang 3
2750 Ballerup

Ballerup Municipality · Postcode 2750

Other companies at the address (8)

Production units
Production unitAddressEmployeesP number
A/S KELVIN HUGHESBorupvang 3, 2750 Ballerup21003049985

Purpose

Selskabets formål er international handel

The purpose is quoted from the register in Danish.

Changes year by year

71 registered events
20263 changesownership 2 · accounts 1
  • KELVIN HUGHES LIMITED registered as owner (100%)
  • KH Finance Limited is no longer registered as owner
  • Annual report for 2025 published
20254 changesaccounts 1 · management 2 · industry 1
  • Annual report for 2024 published
  • Toby Patrick William Newton appointed board member
  • Clive Jonathan Corris stepped down as board member
  • Industry changed to Wholesale of information and communication equipment (465000)
20243 changesaccounts 1 · management 2
  • Annual report for 2023 published
  • Adrian Pilbeam appointed ceo
  • Peter David Dillon stepped down as ceo
20231 changeaccounts 1
  • Annual report for 2022 published
20229 changesaccounts 1 · management 8
  • Annual report for 2021 published
  • Peter David Dillon appointed ceo
  • Russell Charles Gould appointed chair of the board
  • Flemming Haase appointed board member
  • Clive Jonathan Corris appointed board member
  • David John Millard stepped down as chair of the board
  • Simon Patrick Martin Hughes stepped down as board member
  • Russell Charles Gould stepped down as board member
  • Russell Charles Gould stepped down as director
20212 changesaddress 1 · accounts 1
  • Moved to Borupvang 3, 2750 Ballerup
  • Annual report for 2020 published
20191 changeaddress 1
  • Moved to Borupvang 3, 2750 Ballerup
20182 changesmanagement 2
  • David John Millard appointed chair of the board
  • Christopher James Easteal stepped down as chair of the board
20171 changeaddress 1
  • Moved to Borupvang 3, 2750 Ballerup
20162 changesmanagement 2
  • Barry Wade stepped down as board member
  • Martin Stuart Taylor stepped down as board member
20112 changesmanagement 2
  • Christopher James Easteal appointed chair of the board
  • Peter Laugharne Griffith-Jones stepped down as chair of the board
20087 changesmanagement 6 · industry 1
  • Barry Wade appointed board member
  • Peter Laugharne Griffith-Jones appointed chair of the board
  • Martin Stuart Taylor appointed board member
  • Simon Patrick Martin Hughes appointed board member
  • Aloysius Petrus Maria Brans stepped down as board member
  • Michael David Cotterill stepped down as chair of the board
  • Industry changed to Engroshandel med elektronisk udstyr (465210)
20078 changesaddress 1 · ownership 3 · management 4
  • Moved to Rudolfgårdsvej 9, 8260 Viby J
  • KH Finance Limited registered as owner (100%)
  • Kelvin Hughes Limited is no longer registered as owner
  • Kelvin Hughes Limited registered as owner (100%)
  • Russell Charles Gould appointed board member
  • Russell Charles Gould appointed director
  • Ronald George Nailer stepped down as director
  • Ronald George Nailer stepped down as board member
20024 changesmanagement 4
  • Aloysius Petrus Maria Brans appointed board member
  • Ronald George Nailer appointed director
  • Willy Nørgaard Hansen stepped down as director
  • Willy Nørgaard Hansen stepped down as board member
20016 changesmanagement 6
  • Michael David Cotterill appointed chair of the board
  • John Ferrie stepped down as chair of the board
  • Ronald George Nailer appointed board member
  • Martin Hartley Jones stepped down as board member
  • John Ferrie appointed chair of the board
  • Ebbe Høst stepped down as chair of the board
20003 changesmanagement 3
  • Martin Hartley Jones appointed board member
  • David Sheppard stepped down as board member
  • Norman Victor Barber stepped down as board member
19921 changemanagement 1
  • Austin Hugh Pope stepped down as board member
19901 changemanagement 1
  • Ronald James Harman stepped down as board member
19891 changemanagement 1
  • Anthony Roy Stevenson stepped down as board member
19871 changecapital 1
  • Share capital changed from 1,200,000 DKK to 1,500,000 DKK
19769 changesfounded 1 · management 8
  • Registered as A/S KELVIN HUGHES
  • Anthony Roy Stevenson appointed board member
  • Willy Nørgaard Hansen appointed director
  • David Sheppard appointed board member
  • Willy Nørgaard Hansen appointed board member
  • Ebbe Høst appointed chair of the board
  • Norman Victor Barber appointed board member
  • Ronald James Harman appointed board member
  • Austin Hugh Pope appointed board member

Related companies

Same industry in Ballerup

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Same people in management

Largest in the industry

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Source and updates

The information comes from the Danish Central Business Register (Danish Business Authority) and from annual reports filed with the Danish Business Authority. Last synchronised 24/10/2026.

View in CVRReport a correction