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Aage Vestergaard Larsen A/S

Public limited companyCVR 34228914MariagerActive

Aage Vestergaard Larsen A/S is a public limited company, based in Mariager, active in manufacture of plastics in primary forms, founded in 1976. Net profit fell 21% from 2024 to 2025, ending at DKK 4.3m. Measured by gross profit, it ranks no. 2 of 17 companies in the industry in the database. With 50 employees, the company is about 4 times larger than the industry median.

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Key figures · financial year 2025

Gross profitDKK 38.9m−11.6% vs. 2024
Net profitDKK 4.3m−21.1% vs. 2024
EquityDKK 40.5m+4% vs. 2024
Employees50latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Gross profit fell 12% (2024 → 2025), to DKK 38.9m.
  • Net profit fell 21% (2024 → 2025), to DKK 4.3m.
  • Equity rose 4% (2024 → 2025), to DKK 40.5m.

Employees

  • 2 fewer employees than a year earlier: 50 (08/2026) against 52 (08/2025).

Management and owners, last 24 months

  • New in management: Flemming Egtved Petersen (board member, 01/04/2026).

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 0DKK 10mDKK 20mDKK 30mDKK 40m202020212022202320242025
EquityNet profit
Financial figures for Aage Vestergaard Larsen A/S
202020212022202320242025Change
Revenuenot statednot statednot statednot statednot statednot stated–
Gross profit37,35040,43044,10038,56144,04038,929−11.6%
Operating profit (EBIT)7,7528,3887,2946,4868,6267,143−17.2%
Profit before tax6,0287,6916,6345,0806,9875,512−21.1%
Net profit4,6936,2635,1793,9445,4314,286−21.1%
Total assets79,30391,095100,25194,593101,199107,057+5.8%
Equity28,11732,03434,08235,43638,89540,466+4%
Liabilities45,03452,69759,20051,50853,75757,525+7%
Cash and cash equivalents2,0671531668581−88.1%
Average number of employees565561555647−16.1%

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 10mDKK 20mDKK 30mDKK 40m202020212022202320242025
Gross profitMedian, the industry (17 companies)

Signals from the financial statements

calculated from the 2025 figures

  • Profit for five years in a row

    Net result has been positive in 2021–2025.

    How is this calculated?

    Net result is positive in the five 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 Aage Vestergaard Larsen A/S
Financial yearPeriodPublishedFigures forDocuments
202501/01/2025 – 31/12/202501/04/2026The companyPDF not statedXBRL
202401/01/2024 – 31/12/202416/04/2025The companyPDFXBRL
202301/01/2023 – 31/12/202303/04/2024The companyPDFXBRL
202201/01/2022 – 31/12/202205/04/2023The companyPDFXBRL
202101/01/2021 – 31/12/202112/04/2022The companyPDFXBRL
202001/01/2020 – 31/12/202004/02/2021The 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
01020304050607009/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/2608/26
Employees

Position in the industry

17 companies in the database

Comparison with the other companies in manufacture of plastics in primary forms based on the latest financial year.

Gross profitDKK 38.9mNo. 2 of 17
Better than 94% of the companies in the industry
EquityDKK 40.5mNo. 6 of 17
Better than 69% of the companies in the industry
Number of employees50No. 3 of 17
Better than 88% of the companies in the industry

Industry median: gross profit DKK 1.7m, net profit DKK 176k, equity DKK 12.5m, 12 employees.

DKK 818kDKK 2.3mDKK 6.7mDKK 19mDKK 38.2mHere
Distribution of gross profit for 14 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 50–199 employees4,467 companies in the comparison
No. 2,317of 4,412
Better than 47%
No. 1,444of 4,466
Better than 68%
Companies that are at least 30 years old10,276 companies in the comparison
No. 1,806of 10,152
Better than 82%
No. 2,307of 10,275
Better than 78%
All companies of type A/S18,025 companies in the comparison
No. 3,599of 17,786
Better than 80%
No. 4,125of 18,024
Better than 77%

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 plastics in primary forms
Gross profit
  1. Aage Vestergaard Larsen A/SDKK 38.9m
  2. Americhem Europe A/SDKK 54.2m
  3. Magle Biopolymers A/SDKK 23.9m
Net profit
  1. Aage Vestergaard Larsen A/SDKK 4.3m
  2. Americhem Europe A/SDKK 348k
  3. Magle Biopolymers A/S−DKK 65.7m
Equity
  1. Aage Vestergaard Larsen A/SDKK 40.5m
  2. Americhem Europe A/SDKK 179.2m
  3. Magle Biopolymers A/SDKK 83.2m
Employees
  1. Aage Vestergaard Larsen A/S50
  2. Americhem Europe A/S76
  3. Magle Biopolymers A/S55

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
  • Buk Larsen Holding ApS100%
Aage Vestergaard Larsen A/S

Management

5 active registrations

Executive management

Executive management at Aage Vestergaard Larsen A/S
NameRoleAppointed
Franz CuculizaCEO08/02/2023

Board of directors

Board of directors at Aage Vestergaard Larsen A/S
NameRoleAppointed
Franz CuculizaBoard member25/02/2014
Gitte Johanne Buk LarsenChair of the board31/05/2016
Peter SejersenBoard member31/05/2016
Flemming Egtved PetersenBoard member01/04/2026
Former management (13)
Former management at Aage Vestergaard Larsen A/S
NameRoleAppointedResigned
Jens MikkelsenDirector02/08/201031/12/2010
Aage Vestergaard LarsenDirector28/09/201017/08/2012
Poul Arne JensenChair of the board15/11/201131/05/2016
Aage Vestergaard LarsenBoard member15/11/201102/09/2013
Franz CuculizaDirector17/08/201231/05/2017
Jan Thorup AndersenBoard member02/09/201331/05/2016
Henrik NielsenBoard member31/05/201624/04/2019
Franz CuculizaCEO01/06/201731/07/2021
Palle Ladefoged KristiansenDirector01/06/201731/07/2021
Frank Buk LarsenBoard member24/04/201922/10/2019
Franz CuculizaDirector01/08/202107/02/2023
Palle Ladefoged KristiansenCEO01/08/202107/02/2023
Palle Ladefoged KristiansenDirector08/02/202331/07/2023

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

Address and production units

1 active production units

Klostermarken 3
9550 Mariager

Mariagerfjord Municipality · Postcode 9550

Production units
Production unitAddressEmployeesP number
AAGE VESTERGAARD LARSEN A/SKlostermarken 3, 9550 Mariager501001716597

Purpose

Selskabets formål er at drive handels- og fabrikationsvirksomhed

The purpose is quoted from the register in Danish.

Changes year by year

44 registered events
20262 changesmanagement 1 · accounts 1
  • Flemming Egtved Petersen appointed board member
  • Annual report for 2025 published
20251 changeaccounts 1
  • Annual report for 2024 published
20241 changeaccounts 1
  • Annual report for 2023 published
20236 changesmanagement 5 · accounts 1
  • Palle Ladefoged Kristiansen stepped down as director
  • Annual report for 2022 published
  • Franz Cuculiza appointed ceo
  • Palle Ladefoged Kristiansen appointed director
  • Franz Cuculiza stepped down as director
  • Palle Ladefoged Kristiansen stepped down as ceo
20221 changeaccounts 1
  • Annual report for 2021 published
20215 changesmanagement 4 · accounts 1
  • Franz Cuculiza appointed director
  • Palle Ladefoged Kristiansen appointed ceo
  • Franz Cuculiza stepped down as ceo
  • Palle Ladefoged Kristiansen stepped down as director
  • Annual report for 2020 published
20193 changesmanagement 3
  • Frank Buk Larsen stepped down as board member
  • Frank Buk Larsen appointed board member
  • Henrik Nielsen stepped down as board member
20173 changesmanagement 3
  • Franz Cuculiza appointed ceo
  • Palle Ladefoged Kristiansen appointed director
  • Franz Cuculiza stepped down as director
20165 changesmanagement 5
  • Henrik Nielsen appointed board member
  • Peter Sejersen appointed board member
  • Gitte Johanne Buk Larsen appointed chair of the board
  • Jan Thorup Andersen stepped down as board member
  • Poul Arne Jensen stepped down as chair of the board
20144 changesname 1 · capital 1 · management 1 · ownership 1
  • Name changed from ApS AAGE VESTERGAARD LARSEN to AAGE VESTERGAARD LARSEN A/S
  • Share capital changed from 200,000 DKK to 500,000 DKK
  • Franz Cuculiza appointed board member
  • Buk Larsen Holding ApS registered as owner (100%)
20132 changesmanagement 2
  • Jan Thorup Andersen appointed board member
  • Aage Vestergaard Larsen stepped down as board member
20122 changesmanagement 2
  • Franz Cuculiza appointed director
  • Aage Vestergaard Larsen stepped down as director
20112 changesmanagement 2
  • Aage Vestergaard Larsen appointed board member
  • Poul Arne Jensen appointed chair of the board
20103 changesmanagement 3
  • Jens Mikkelsen stepped down as director
  • Aage Vestergaard Larsen appointed director
  • Jens Mikkelsen appointed director
20081 changeindustry 1
  • Industry changed to Manufacture of plastics in primary forms (201600)
20071 changeaddress 1
  • Moved to Klostermarken 3, 9550 Mariager
19971 changecapital 1
  • Share capital changed from 80,000 DKK to 200,000 DKK
19761 changefounded 1
  • Registered as ApS AAGE VESTERGAARD LARSEN

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Same people in management

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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