CVRdatabase
Menu

Aagaard A/S

Public limited companyCVR 21281875HadsundActive

Aagaard A/S is a public limited company, based in Hadsund, active in manufacture of non-domestic cooling and ventilation equipment, founded in 1998. The company made a loss in both 2024 and 2025, most recently DKK 5.9m. With 26 employees, the company is about 4 times larger than the industry median. Equity fell to DKK 2.6m in 2025.

Follow
PDF reportCompare

Key figures · financial year 2025

Gross profitDKK 14.1m+20.1% vs. 2024
Net profit−DKK 5.9m−0.8% vs. 2024
EquityDKK 2.6m−67.1% vs. 2024
Employees26latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Gross profit rose 20% (2024 → 2025), to DKK 14.1m.
  • The loss grew: from DKK 5.8m to DKK 5.9m (2024 → 2025).
  • Equity fell 67% (2024 → 2025), to DKK 2.6m.

Employees

  • 2 fewer employees than a year earlier: 26 (08/2026) against 28 (08/2025).

Management and owners, last 24 months

  • New in management: Jesper Bech (director, 27/01/2025).
  • Stepped down: Finn Thor Hansen (ceo, 27/01/2025).

Registrations, last 24 months

  • 01/01/2025: Industry changed to Manufacture of non-domestic cooling and ventilation equipment (282500)

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 6m−DKK 4m−DKK 2mDKK 0DKK 2mDKK 4mDKK 6mDKK 8mDKK 10mDKK 12mDKK 14m202020212022202320242025
EquityNet profit
Financial figures for Aagaard A/S
202020212022202320242025Change
Revenuenot statednot statednot statednot statednot statednot stated–
Gross profit15,79616,76323,83124,61111,76514,131+20.1%
Operating profit (EBIT)1,8352,3256,4694,935−7,284−6,750+7.3%
Profit before tax9541,5686,0654,556−7,529−7,467+0.8%
Net profit6941,2184,7243,544−5,842−5,888−0.8%
Total assets29,25930,23833,25931,19429,41528,395−3.5%
Equity6,7827,76612,49013,6347,7922,564−67.1%
Liabilities19,65019,56517,06512,44518,52124,368+31.6%
Cash and cash equivalents211023,3273871,4251,850+29.9%
Average number of employees2523263228280%

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 5mDKK 10mDKK 15mDKK 20mDKK 25m202020212022202320242025
Gross profitMedian, the industry (145 companies)

Signals from the financial statements

calculated from the 2025 figures

  • Loss for 2 years in a row

    Net result has been negative in 2024–2025.

    How is this calculated?

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

  • Equity fell sharply

    Equity fell 67% from 2024 to 2025 (DKK 7.8m to DKK 2.6m).

    How is this calculated?

    Equity has fallen by at least 30% from the previous annual report, and it was positive the year before.

  • Low equity ratio

    Equity makes up 9% of total assets in 2025.

    How is this calculated?

    Equity ÷ total assets is below 10% in the latest annual report. Banks, insurers and some industries naturally have a low ratio.

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 Aagaard A/S
Financial yearPeriodPublishedFigures forDocuments
202501/01/2025 – 31/12/202526/06/2026The companyPDF not statedXBRL
202401/01/2024 – 31/12/202430/06/2025The companyPDFXBRL
202301/01/2023 – 31/12/202311/07/2024The companyPDFXBRL
202201/01/2022 – 31/12/202227/01/2023The companyPDFXBRL
202101/01/2021 – 31/12/202128/03/2022The companyPDFXBRL
202001/01/2020 – 31/12/202023/03/2021The 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
0510152025303509/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/2608/26
Employees

Position in the industry

145 companies in the database

Comparison with the other companies in manufacture of non-domestic cooling and ventilation equipment based on the latest financial year.

Gross profitDKK 14.1mNo. 38 of 145
Better than 74% of the companies in the industry
EquityDKK 2.6mNo. 83 of 145
Better than 43% of the companies in the industry
Number of employees26No. 31 of 145
Better than 79% of the companies in the industry

Industry median: gross profit DKK 6.1m, net profit DKK 659k, equity DKK 3.6m, 7 employees.

DKK 100kDKK 912kDKK 8.3mDKK 75.9mDKK 331.4mHere
Distribution of gross profit for 137 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 20–49 employees9,922 companies in the comparison
No. 4,415of 9,892
Better than 55%
No. 6,082of 9,922
Better than 39%
Same industry and 20–49 employees18 companies in the comparison
No. 14of 18
Better than 24%
No. 17of 18
Better than 6%
Companies that are between 15 and 29 years old24,910 companies in the comparison
No. 4,545of 24,791
Better than 82%
No. 13,196of 24,909
Better than 47%
All companies of type A/S18,025 companies in the comparison
No. 7,454of 17,786
Better than 58%
No. 13,820of 18,024
Better than 23%

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

Manufacture of non-domestic cooling and ventilation equipment
Gross profit
  1. Aagaard A/SDKK 14.1m
  2. Johnson Controls Denmark ApSDKK 692.3m
  3. Skov A/s. GlyngøreDKK 593.2m
Net profit
  1. Aagaard A/S−DKK 5.9m
  2. Johnson Controls Denmark ApS−DKK 1.2m
  3. Skov A/s. GlyngøreDKK 194.3m
Equity
  1. Aagaard A/SDKK 2.6m
  2. Johnson Controls Denmark ApSDKK 1.3bn
  3. Skov A/s. GlyngøreDKK 507.5m
Employees
  1. Aagaard A/S26
  2. Johnson Controls Denmark ApS804
  3. Skov A/s. Glyngøre408

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
  • Nederman Holding Aktiebolag100%
Aagaard A/S

Management

4 active registrations

Executive management

Executive management at Aagaard A/S
NameRoleAppointed
Jesper BechDirector27/01/2025

Board of directors

Board of directors at Aagaard A/S
NameRoleAppointed
Hans Erik Olof DahlénChair of the board21/07/2023
Magnus Henrik EdménBoard member21/07/2023
Matthew David CusickBoard member21/07/2023
Founders
Advokatfirmaet Børge Nielsen I/S
Former management (27)
Former management at Aagaard A/S
NameRoleAppointedResigned
Henrik CalumDirector09/11/199804/01/1999
Johannes BalleBoard member09/11/199806/08/2008
Johannes BalleDirector04/01/199918/03/2011
Per Kjelds FrostChair of the board28/01/199906/08/2008
Birte Susanne SvanholmBoard member28/01/199906/08/2008
Jytte BalleBoard member28/01/199906/08/2008
Per Kjelds FrostDirector06/08/200818/03/2011
Lars HenriksenBoard member06/08/200821/06/2013
Kenneth Skibdal RasmussenDirector18/03/201126/09/2013
Morten Storm PipperDirector18/03/201104/03/2013
Søren SchøllhammerBoard member21/06/201321/07/2023
Svend Leo Munck OlsenBoard member21/06/201323/03/2022
Poul Michael BjørnskovChair of the board26/09/201306/01/2014
Asbjørn ThomsenCEO26/09/201306/01/2014
Thomas GaardboCEO06/01/201402/10/2015
Asbjørn ThomsenChair of the board06/01/201402/10/2015
Poul Michael BjørnskovChair of the board02/10/201514/03/2017
Asbjørn ThomsenCEO02/10/201514/03/2017
Niels Nicolai AndersenDirector14/03/201725/09/2018
Asbjørn ThomsenChair of the board14/03/201724/09/2018
Rolf Brandhøj OvergaardCEO14/03/201725/09/2018
Poul Michael BjørnskovChair of the board25/09/201817/01/2020
Asbjørn ThomsenBoard member25/09/201817/01/2020
Asbjørn ThomsenCEO25/09/201818/01/2020
Poul Michael BjørnskovBoard member18/01/202021/07/2023
Asbjørn ThomsenChair of the board18/01/202021/07/2023
Finn Thor HansenCEO18/01/202027/01/2025

Signing rule: Selskabet tegnes af bestyrelsesformanden i forening med en direktør eller af den samlede bestyrelse

Address and production units

1 active production units

Smedevænget 14
9560 Hadsund

Mariagerfjord Municipality · Postcode 9560

Production units
Production unitAddressEmployeesP number
Aagaard a/sSmedevænget 14, 9560 Hadsund261001563766

Purpose

Selskabets formål er produktion og handel med anlæg til træ- og møbelindustrien samt hermed beslægtet virksomhed

The purpose is quoted from the register in Danish.

Changes year by year

79 registered events
20261 changeaccounts 1
  • Annual report for 2025 published
20254 changesaccounts 1 · management 2 · industry 1
  • Annual report for 2024 published
  • Jesper Bech appointed director
  • Finn Thor Hansen stepped down as ceo
  • Industry changed to Manufacture of non-domestic cooling and ventilation equipment (282500)
20241 changeaccounts 1
  • Annual report for 2023 published
202310 changesmanagement 6 · ownership 3 · accounts 1
  • Hans Erik Olof Dahlén appointed chair of the board
  • Matthew David Cusick appointed board member
  • Magnus Henrik Edmén appointed board member
  • Poul Michael Bjørnskov stepped down as board member
  • Asbjørn Thomsen stepped down as chair of the board
  • Søren Schøllhammer stepped down as board member
  • Nederman Holding Aktiebolag registered as owner (100%)
  • FTHA Holding ApS is no longer registered as owner
  • OBEL - P GROUP A/S is no longer registered as owner
  • Annual report for 2022 published
20222 changesaccounts 1 · management 1
  • Annual report for 2021 published
  • Svend Leo Munck Olsen stepped down as board member
20212 changesownership 1 · accounts 1
  • FTHA Holding ApS registered as owner (25%)
  • Annual report for 2020 published
20206 changesmanagement 6
  • Poul Michael Bjørnskov appointed board member
  • Finn Thor Hansen appointed ceo
  • Asbjørn Thomsen appointed chair of the board
  • Asbjørn Thomsen stepped down as ceo
  • Asbjørn Thomsen stepped down as board member
  • Poul Michael Bjørnskov stepped down as chair of the board
20186 changesmanagement 6
  • Asbjørn Thomsen appointed ceo
  • Asbjørn Thomsen appointed board member
  • Poul Michael Bjørnskov appointed chair of the board
  • Niels Nicolai Andersen stepped down as director
  • Rolf Brandhøj Overgaard stepped down as ceo
  • Asbjørn Thomsen stepped down as chair of the board
20175 changesmanagement 5
  • Niels Nicolai Andersen appointed director
  • Rolf Brandhøj Overgaard appointed ceo
  • Asbjørn Thomsen appointed chair of the board
  • Poul Michael Bjørnskov stepped down as chair of the board
  • Asbjørn Thomsen stepped down as ceo
20154 changesmanagement 4
  • Poul Michael Bjørnskov appointed chair of the board
  • Asbjørn Thomsen appointed ceo
  • Asbjørn Thomsen stepped down as chair of the board
  • Thomas Gaardbo stepped down as ceo
20144 changesmanagement 4
  • Asbjørn Thomsen appointed chair of the board
  • Thomas Gaardbo appointed ceo
  • Asbjørn Thomsen stepped down as ceo
  • Poul Michael Bjørnskov stepped down as chair of the board
20137 changesmanagement 7
  • Asbjørn Thomsen appointed ceo
  • Poul Michael Bjørnskov appointed chair of the board
  • Kenneth Skibdal Rasmussen stepped down as director
  • Svend Leo Munck Olsen appointed board member
  • Søren Schøllhammer appointed board member
  • Lars Henriksen stepped down as board member
  • Morten Storm Pipper stepped down as director
20114 changesmanagement 4
  • Kenneth Skibdal Rasmussen appointed director
  • Morten Storm Pipper appointed director
  • Per Kjelds Frost stepped down as director
  • Johannes Balle stepped down as director
20088 changesmanagement 6 · ownership 1 · industry 1
  • Lars Henriksen appointed board member
  • Per Kjelds Frost appointed director
  • Per Kjelds Frost stepped down as chair of the board
  • Jytte Balle stepped down as board member
  • Birte Susanne Svanholm stepped down as board member
  • Johannes Balle stepped down as board member
  • OBEL - P GROUP A/S registered as owner (66.67%)
  • Industry changed to Manufacture of non-domestic cooling and ventilation equipment (282500)
20071 changeaddress 1
  • Moved to Smedevænget 14, 9560 Hadsund
20041 changeindustry 1
  • Industry changed to Fremstilling af ventilations- og klimaanlæg til erhvervsmæssigt brug (292320)
20021 changeindustry 1
  • Industry changed to Fremstilling af luftpumper og -kompressorer (291210)
20002 changesaddress 1 · industry 1
  • Moved to Smedevænget 14, 9560 Hadsund
  • Industry changed to Fremstilling af ventilations- og klimaanlæg til erhvervsmæssigt brug (292320)
19997 changesname 1 · capital 1 · management 5
  • Name changed from ABN NR. 341 ApS to AAGAARD A/S
  • Share capital changed from 125,000 DKK to 5,000,000 DKK
  • Per Kjelds Frost appointed chair of the board
  • Jytte Balle appointed board member
  • Birte Susanne Svanholm appointed board member
  • Johannes Balle appointed director
  • Henrik Calum stepped down as director
19983 changesfounded 1 · management 2
  • Registered as ABN NR. 341 ApS
  • Johannes Balle appointed board member
  • Henrik Calum appointed director

Related companies

Same industry in Mariagerfjord

See all →

Same people in management

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