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Advanced Substrate Technologies A/S

Public limited companyCVR 32350143Randers SØActive

Advanced Substrate Technologies A/S is a public limited company, based in Randers SØ, active in construction of other civil engineering projects n.e.c., founded in 2014. The company made a loss in both 2024 and 2025, most recently DKK 1.6m. Equity grew to DKK 6.5m in 2025.

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Key figures · financial year 2025

Gross profit−DKK 913k−9.3% vs. 2024
Net profit−DKK 1.6m+17.5% vs. 2024
EquityDKK 6.5m+157.3% vs. 2024
Employees5latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • The loss got smaller: from DKK 1.9m to DKK 1.6m (2024 → 2025).
  • Equity rose 157% (2024 → 2025), to DKK 6.5m.

Employees

  • 3 more employees than a year earlier: 5 (08/2026) against 2 (08/2025).

Management and owners, last 24 months

  • New in management: Peter Damgaard Nielsen (ceo, 01/05/2026) and Jan Astrup (ceo, 05/09/2025).
  • Stepped down: Peter Damgaard Nielsen (ceo, 05/09/2025) and Jan Astrup (ceo, 30/04/2026).
  • New owners registered: Assentoft Holding Pdn ApS (20/11/2025) and Silo Holding Adn ApS (18/09/2025).
  • No longer registered as owner: Silo Holding Adn ApS (17/09/2025), Assentoft Holding Pdn ApS (19/11/2025) and Silo Holding Adn ApS (20/11/2025).

Registrations, last 24 months

  • 18/09/2025: Share capital changed from 5,188,679 DKK to 6,615,566 DKK
  • 01/01/2025: Industry changed to Construction of other civil engineering projects n.e.c. (429900)

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 25m−DKK 20m−DKK 15m−DKK 10m−DKK 5mDKK 0DKK 5m202020212022202320242025
EquityNet profit
Financial figures for Advanced Substrate Technologies A/S
202020212022202320242025Change
Revenuenot statednot statednot statednot statednot statednot stated–
Gross profit2,700−1,837−1,054903−836−913−9.3%
Operating profit (EBIT)–−5,063−3,913−380−2,221−1,857+16.4%
Profit before tax––−4,196−1,898−2,385−1,987+16.7%
Net profit534−8,525815−1,870−1,882−1,552+17.5%
Total assets20,9109,35110,5479,35110,07714,316+42.1%
Equity−13,529−22,0542,2614,3912,5096,457+157.3%
Liabilities34,43831,4058,2873,9617,5687,859+3.8%
Cash and cash equivalents02,88019329402,583+560,226.7%
Average number of employees1111110%

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 2m−DKK 1mDKK 0DKK 1mDKK 2mDKK 3m202020212022202320242025
Gross profitMedian, the industry (111 companies)

Signals from the financial statements

calculated from the 2025 figures

  • Loss for 3 years in a row

    Net result has been negative in 2023–2025.

    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 Advanced Substrate Technologies A/S
Financial yearPeriodPublishedFigures forDocuments
202501/01/2025 – 31/12/202522/06/2026The companyPDF not statedXBRL
202401/01/2024 – 31/12/202430/05/2025The companyPDFXBRL
202301/01/2023 – 31/12/202328/05/2024The companyPDFXBRL
202201/01/2022 – 31/12/202212/06/2023The companyPDFXBRL
202101/01/2021 – 31/12/202130/06/2022The companyPDFXBRL
202001/01/2020 – 31/12/202008/07/2021The 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
012345609/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/2608/26
Employees

Position in the industry

111 companies in the database

Comparison with the other companies in construction of other civil engineering projects n.e.c. based on the latest financial year.

Gross profit−DKK 913kNo. 110 of 111
Better than 1% of the companies in the industry
EquityDKK 6.5mNo. 13 of 111
Better than 89% of the companies in the industry
Number of employees5No. 89 of 111
Better than 20% of the companies in the industry

Industry median: gross profit DKK 2.3m, net profit DKK 200k, equity DKK 854k, 3 employees.

DKK 125kDKK 753kDKK 4.5mDKK 27.4mDKK 90.7m
Distribution of gross profit for 102 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. 68,686of 69,742
Better than 2%
No. 12,051of 69,964
Better than 83%
Same industry and fewer than 20 employees100 companies in the comparison
No. 99of 100
Better than 1%
No. 7of 100
Better than 94%
Companies that are between 5 and 14 years old33,688 companies in the comparison
No. 33,116of 33,588
Better than 1%
No. 5,088of 33,687
Better than 85%
All companies of type A/S18,025 companies in the comparison
No. 17,380of 17,786
Better than 2%
No. 10,481of 18,024
Better than 42%

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

Construction of other civil engineering projects n.e.c.
Gross profit
  1. Advanced Substrate Technologies A/S−DKK 913k
  2. LT Gruppen A/SDKK 165.1m
  3. Vils Entreprenørforretning A/SDKK 97m
Net profit
  1. Advanced Substrate Technologies A/S−DKK 1.6m
  2. LT Gruppen A/SDKK 18.5m
  3. Vils Entreprenørforretning A/SDKK 11.9m
Equity
  1. Advanced Substrate Technologies A/SDKK 6.5m
  2. LT Gruppen A/SDKK 74.6m
  3. Vils Entreprenørforretning A/SDKK 40.8m
Employees
  1. Advanced Substrate Technologies A/S5
  2. LT Gruppen A/S3
  3. Vils Entreprenørforretning A/S150

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
Advanced Substrate Technologies A/S

Management

4 active registrations

Executive management

Executive management at Advanced Substrate Technologies A/S
NameRoleAppointed
Peter Damgaard NielsenCEO01/05/2026

Board of directors

Board of directors at Advanced Substrate Technologies A/S
NameRoleAppointed
Peter Damgaard NielsenBoard member30/06/2016
Svend Kristian HoffChair of the board15/12/2020
Søren RasmussenBoard member04/07/2023
Founders
Dea-consult ApS, Borean Innovation A/S
Former management (14)
Former management at Advanced Substrate Technologies A/S
NameRoleAppointedResigned
Svend Kristian HoffBoard member02/06/201414/12/2020
Svend Kristian HoffCEO02/06/201401/07/2014
Thor JespersenBoard member02/06/201430/06/2016
Hans Krog NielsenBoard member02/06/201417/02/2017
Lene GerlachChair of the board02/06/201430/06/2016
Hans Krog NielsenCEO01/07/201401/12/2017
Flemming Bjerregaard RasmussenBoard member10/11/201529/06/2016
Flemming Bjerregaard RasmussenChair of the board30/06/201615/12/2020
Niels Mikael HaldBoard member17/02/201701/12/2017
Hans Krog NielsenBoard member03/10/201701/11/2018
Peter Damgaard NielsenCEO01/12/201705/09/2025
Vera Birgitte Bille BerthelsenBoard member15/12/202027/06/2022
Mikkel John Kjær HansenBoard member27/06/202204/07/2023
Jan AstrupCEO05/09/202530/04/2026

Signing rule: Selskabet tegnes af bestyrelsens formand i forening med en direktør eller af den samlede bestyrelse.

Address and production units

1 active production units

Virkevangen 13
8960 Randers SØ

Randers Municipality · Postcode 8960

Other companies at the address (1)

Production units
Production unitAddressEmployeesP number
ADVANCED SUBSTRATE TECHNOLOGIES A/SVirkevangen 13, Assentoft, 8960 Randers SØ51019465116

Purpose

Selskabets formål er at udvikle og kommercialisere af metoder til behandling og cirkulær udnyttelse af organisk materiale og biomasse i et samlet anlægskoncept, samt al virksomhed, som efter bestyrelsens skøn er beslægtet hermed.

The purpose is quoted from the register in Danish.

Changes year by year

86 registered events
20263 changesaccounts 1 · management 2
  • Annual report for 2025 published
  • Peter Damgaard Nielsen appointed ceo
  • Jan Astrup stepped down as ceo
202510 changesownership 5 · capital 1 · management 2 · accounts 1 · industry 1
  • ASSENTOFT HOLDING PDN ApS registered as owner (50%)
  • SILO HOLDING ADN ApS is no longer registered as owner
  • ASSENTOFT HOLDING PDN ApS is no longer registered as owner
  • Share capital changed from 5,188,679 DKK to 6,615,566 DKK
  • SILO HOLDING ADN ApS registered as owner (5%)
  • SILO HOLDING ADN ApS is no longer registered as owner
  • Jan Astrup appointed ceo
  • Peter Damgaard Nielsen stepped down as ceo
  • Annual report for 2024 published
  • Industry changed to Construction of other civil engineering projects n.e.c. (429900)
20241 changeaccounts 1
  • Annual report for 2023 published
202319 changescapital 2 · management 2 · ownership 14 · accounts 1
  • Share capital changed from 4,150,943 DKK to 5,188,679 DKK
  • Søren Rasmussen appointed board member
  • Mikkel John Kjær Hansen stepped down as board member
  • ASSENTOFT HOLDING PDN ApS registered as owner (33.33%)
  • ASSENTOFT ERHVERVS ApS registered as owner (15%)
  • FRANDSBJERG INVEST A/S registered as owner (20%)
  • DEA-CONSULT ApS registered as owner (5%)
  • ASSENTOFT ERHVERVS ApS is no longer registered as owner
  • ASSENTOFT HOLDING PDN ApS is no longer registered as owner
  • DEA-CONSULT ApS is no longer registered as owner
  • Annual report for 2022 published
  • Share capital changed from 2,200,000 DKK to 4,150,943 DKK
  • SILO HOLDING ADN ApS registered as owner (10%)
  • ASSENTOFT ERHVERVS ApS registered as owner (20%)
  • ASSENTOFT HOLDING PDN ApS registered as owner (50%)
  • DEA-CONSULT ApS registered as owner (10%)
  • ASSENTOFT HOLDING PDN ApS is no longer registered as owner
  • SILO HOLDING ADN ApS is no longer registered as owner
  • DEA-CONSULT ApS is no longer registered as owner
20223 changesaccounts 1 · management 2
  • Annual report for 2021 published
  • Mikkel John Kjær Hansen appointed board member
  • Vera Birgitte Bille Berthelsen stepped down as board member
20211 changeaccounts 1
  • Annual report for 2020 published
20204 changesmanagement 4
  • Svend Kristian Hoff appointed chair of the board
  • Vera Birgitte Bille Berthelsen appointed board member
  • Flemming Bjerregaard Rasmussen stepped down as chair of the board
  • Svend Kristian Hoff stepped down as board member
20185 changesaddress 1 · management 1 · ownership 3
  • Moved to Virkevangen 13, Assentoft, 8960 Randers SØ
  • Hans Krog Nielsen stepped down as board member
  • ASSENTOFT HOLDING PDN ApS registered as owner (50%)
  • KROGMAL ApS is no longer registered as owner
  • ASSENTOFT HOLDING PDN ApS is no longer registered as owner
201710 changesmanagement 6 · ownership 4
  • Peter Damgaard Nielsen appointed ceo
  • Niels Mikael Hald stepped down as board member
  • Hans Krog Nielsen stepped down as ceo
  • Hans Krog Nielsen appointed board member
  • ASSENTOFT HOLDING PDN ApS registered as owner (33.33%)
  • SILO HOLDING ADN ApS registered as owner (20%)
  • ASSENTOFT HOLDING PDN ApS is no longer registered as owner
  • SILO HOLDING ADN ApS is no longer registered as owner
  • Niels Mikael Hald appointed board member
  • Hans Krog Nielsen stepped down as board member
201612 changescapital 1 · management 5 · ownership 6
  • Share capital changed from 1,350,000 DKK to 2,200,000 DKK
  • Flemming Bjerregaard Rasmussen appointed chair of the board
  • Peter Damgaard Nielsen appointed board member
  • Lene Gerlach stepped down as chair of the board
  • Thor Jespersen stepped down as board member
  • Flemming Bjerregaard Rasmussen stepped down as board member
  • ASSENTOFT HOLDING PDN ApS registered as owner (25%)
  • SILO HOLDING ADN ApS registered as owner (25%)
  • SILO HOLDING ADN ApS is no longer registered as owner
  • ASSENTOFT HOLDING PDN ApS is no longer registered as owner
  • Styrelsen for Forskning og Uddannelse is no longer registered as owner
  • BOREAN INNOVATION A/S is no longer registered as owner
20155 changescapital 1 · management 1 · ownership 2 · address 1
  • Share capital changed from 1,150,000 DKK to 1,350,000 DKK
  • Flemming Bjerregaard Rasmussen appointed board member
  • SILO HOLDING ADN ApS registered as owner (5%)
  • ASSENTOFT HOLDING PDN ApS registered as owner (5%)
  • Moved to Niels Pedersens Alle 2, Foulum, 8830 Tjele
201413 changescapital 1 · ownership 4 · management 7 · founded 1
  • Share capital changed from 1,000,000 DKK to 1,150,000 DKK
  • Styrelsen for Forskning og Uddannelse registered as owner (25%)
  • BOREAN INNOVATION A/S registered as owner (5%)
  • KROGMAL ApS registered as owner (20%)
  • DEA-CONSULT ApS registered as owner (20%)
  • Hans Krog Nielsen appointed ceo
  • Svend Kristian Hoff stepped down as ceo
  • Registered as ADVANCED SUBSTRATE TECHNOLOGIES A/S
  • Svend Kristian Hoff appointed ceo
  • Svend Kristian Hoff appointed board member
  • Lene Gerlach appointed chair of the board
  • Hans Krog Nielsen appointed board member
  • Thor Jespersen appointed board member

Related companies

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. The company is protected against advertising; contact details are not shown, and the data must not be used for marketing.

View in CVRReport a correction