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Ærø Whisky A/S

Public limited companyCVR 35230882ÆrøskøbingActive

Ærø Whisky A/S is a public limited company, based in Ærøskøbing, active in distilling, rectifying and blending of spirits, founded in 2013. The company made a loss in both 2024 and 2025, most recently DKK 283k. 9 people are registered in the company's management and ownership.

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Key figures · financial year 2025

Gross profitDKK 780k+140.1% vs. 2024
Net profit−DKK 283k−21.5% vs. 2024
EquityDKK 6.1m−4.5% vs. 2024
Employees2latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Gross profit rose 140% (2024 → 2025), to DKK 780k.
  • The loss grew: from DKK 233k to DKK 283k (2024 → 2025).
  • Equity fell 4% (2024 → 2025), to DKK 6.1m.

Management and owners, last 24 months

  • New in management: Thomas Christian Stadager (board member, 25/05/2025) and Martin Herlak (ceo, 23/01/2026).
  • Stepped down: Michael Jørgen Nielsen (board member, 25/05/2025) and Michael Jørgen Nielsen (ceo, 23/01/2026).
  • New owners registered: Paid Holding ApS (10/06/2025).
  • No longer registered as owner: Paid Capital ApS (10/06/2025).

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 1mDKK 0DKK 1mDKK 2mDKK 3mDKK 4mDKK 5mDKK 6m202020212022202320242025
EquityNet profit
Financial figures for Ærø Whisky A/S
202020212022202320242025Change
Revenuenot statednot statednot statednot statednot statednot stated–
Gross profit17785565743325780+140.1%
Operating profit (EBIT)−278637154−2672−67−2,893.2%
Profit before tax−35252649−532−233−283−21.5%
Net profit−35252649−532−233−283−21.5%
Total assets6,8937,4997,8288,99610,21910,253+0.3%
Equity2,1422,6694,7944,4816,3436,060−4.5%
Liabilities4,7504,8303,0354,5153,8764,192+8.2%
Cash and cash equivalents64643013138+4,348.5%
Average number of employees233321−50%

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 200kDKK 400kDKK 600kDKK 800kDKK 1m202020212022202320242025
Gross profitMedian, the industry (40 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 Ærø Whisky A/S
Financial yearPeriodPublishedFigures forDocuments
202501/01/2025 – 31/12/202521/05/2026The companyPDF not statedXBRL
202401/01/2024 – 31/12/202429/05/2025The companyPDFXBRL
202301/01/2023 – 31/12/202306/05/2024The companyPDFXBRL
202201/01/2022 – 31/12/202216/05/2023The companyPDFXBRL
202101/01/2021 – 31/12/202123/05/2022The companyPDFXBRL
202001/01/2020 – 31/12/202007/06/2021The 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
0123408/2309/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/26
Employees

Position in the industry

40 companies in the database

Comparison with the other companies in distilling, rectifying and blending of spirits based on the latest financial year.

Gross profitDKK 780kNo. 21 of 40
Better than 49% of the companies in the industry
EquityDKK 6.1mNo. 6 of 40
Better than 87% of the companies in the industry
Number of employees2No. 26 of 40
Better than 36% of the companies in the industry

Industry median: gross profit DKK 816k, net profit DKK 606, equity DKK 583k, 2 employees.

DKK 100kDKK 307kDKK 940kDKK 2.9mDKK 6.1mHere
Distribution of gross profit for 37 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. 48,911of 69,742
Better than 30%
No. 12,517of 69,964
Better than 82%
Same industry and fewer than 20 employees39 companies in the comparison
No. 20of 39
Better than 50%
No. 5of 39
Better than 89%
Companies that are between 5 and 14 years old33,688 companies in the comparison
No. 25,222of 33,588
Better than 25%
No. 5,319of 33,687
Better than 84%
All companies of type A/S18,025 companies in the comparison
No. 15,858of 17,786
Better than 11%
No. 10,721of 18,024
Better than 41%

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

Distilling, rectifying and blending of spirits
Gross profit
  1. Ærø Whisky A/SDKK 780k
  2. United Drinks A/SDKK 8.8m
  3. Thy Whisky ApSDKK 4.9m
Net profit
  1. Ærø Whisky A/S−DKK 283k
  2. United Drinks A/SDKK 1.5m
  3. Thy Whisky ApSDKK 1.1m
Equity
  1. Ærø Whisky A/SDKK 6.1m
  2. United Drinks A/SDKK 2.3m
  3. Thy Whisky ApSDKK 5.5m
Employees
  1. Ærø Whisky A/S2
  2. United Drinks A/S9
  3. Thy Whisky ApS10

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
  • Thomas Fischer Holding ApS20%
  • Thomas Christian Stadager5%
  • Lise Stadager5%
  • Kåre Groes Christiansen Holding ApS10%
  • Paid Holding ApS20%
Ærø Whisky A/S

Management

6 active registrations

Executive management

Executive management at Ærø Whisky A/S
NameRoleAppointed
Martin HerlakCEO23/01/2026

Board of directors

Board of directors at Ærø Whisky A/S
NameRoleAppointed
Klaus Fynsk NorupDeputy chair05/02/2016
Poul Præstegaard SkadhedeBoard member05/02/2016
Peter Kåre Groes ChristiansenBoard member05/02/2016
Thomas Arne FischerChair of the board05/02/2016
Thomas Christian StadagerBoard member25/05/2025
Founders
Michael Jørgen Nielsen, Mn-entrepriser ApS
Former management (5)
Former management at Ærø Whisky A/S
NameRoleAppointedResigned
Michael Jørgen NielsenDirector16/04/201322/04/2019
Michael Jørgen NielsenCEO23/04/201910/04/2023
Michael Jørgen NielsenBoard member23/04/201925/05/2025
Thomas Christian StadagerCEO10/04/202330/09/2024
Michael Jørgen NielsenCEO01/10/202423/01/2026

Signing rule: Selskabet tegnes af en direktør

Address and production units

2 active production units

Torvet 5
5970 Ærøskøbing

Ærø Municipality · Postcode 5970

Production units
Production unitAddressEmployeesP number
ÆRØ WHISKY A/STorvet 5, 5970 Ærøskøbing11018434462
Ærø Whisky A/S - lager, konventionelt & økologisk af whisky & romBregninge Møllevej 2, 5970 Ærøskøbing–1022937525

Purpose

Selskabets formål er produktion og salg af whisky med råvarer fra Ærø samt at drive kulturformidling.

The purpose is quoted from the register in Danish.

Changes year by year

63 registered events
20263 changesaccounts 1 · management 2
  • Annual report for 2025 published
  • Martin Herlak appointed ceo
  • Michael Jørgen Nielsen stepped down as ceo
20255 changesownership 2 · accounts 1 · management 2
  • Paid Holding ApS registered as owner (20%)
  • Paid Capital ApS is no longer registered as owner
  • Annual report for 2024 published
  • Thomas Christian Stadager appointed board member
  • Michael Jørgen Nielsen stepped down as board member
20245 changesmanagement 2 · accounts 1 · capital 1 · ownership 1
  • Michael Jørgen Nielsen appointed ceo
  • Thomas Christian Stadager stepped down as ceo
  • Annual report for 2023 published
  • Share capital changed from 4,905,100 DKK to 7,000,000 DKK
  • KÅRE GROES CHRISTIANSEN HOLDING ApS registered as owner (10%)
20234 changesaccounts 1 · management 2 · ownership 1
  • Annual report for 2022 published
  • Thomas Christian Stadager appointed ceo
  • Michael Jørgen Nielsen stepped down as ceo
  • Michael Jørgen Nielsen is no longer registered as owner
20222 changesaccounts 1 · capital 1
  • Annual report for 2021 published
  • Share capital changed from 2,829,000 DKK to 4,905,100 DKK
20214 changesownership 3 · accounts 1
  • Lise Stadager registered as owner (5%)
  • Thomas Christian Stadager registered as owner (5%)
  • Peter Fröhlich is no longer registered as owner
  • Annual report for 2020 published
20203 changesownership 3
  • Michael Jørgen Nielsen registered as owner (5%)
  • Peter Fröhlich registered as owner (10%)
  • Michael Jørgen Nielsen is no longer registered as owner
201913 changesownership 8 · capital 1 · name 1 · management 3
  • Peter Kåre Groes Christiansen registered as owner (5%)
  • Peter Kåre Groes Christiansen is no longer registered as owner
  • Michael Jørgen Nielsen registered as owner (15%)
  • Paid Capital ApS registered as owner (20%)
  • THOMAS FISCHER HOLDING ApS registered as owner (20%)
  • Michael Jørgen Nielsen is no longer registered as owner
  • THOMAS FISCHER HOLDING ApS is no longer registered as owner
  • Paid Capital ApS is no longer registered as owner
  • Share capital changed from 2,069,000 DKK to 2,829,000 DKK
  • Name changed from ÆRØ WHISKY ApS to ÆRØ WHISKY A/S
  • Michael Jørgen Nielsen appointed ceo
  • Michael Jørgen Nielsen appointed board member
  • Michael Jørgen Nielsen stepped down as director
20184 changesownership 3 · capital 1
  • KÅRE GROES CHRISTIANSEN HOLDING ApS is no longer registered as owner
  • Share capital changed from 1,380,000 DKK to 2,069,000 DKK
  • Michael Jørgen Nielsen registered as owner (25%)
  • Michael Jørgen Nielsen is no longer registered as owner
20172 changesownership 1 · address 1
  • ÆRØ WHISKY A/S is no longer registered as owner
  • Moved to Torvet 5, 5970 Ærøskøbing
201615 changesownership 9 · capital 1 · management 4 · industry 1
  • THOMAS FISCHER HOLDING ApS registered as owner (10%)
  • Paid Capital ApS registered as owner (10%)
  • THOMAS FISCHER HOLDING ApS is no longer registered as owner
  • Paid Capital ApS is no longer registered as owner
  • KÅRE GROES CHRISTIANSEN HOLDING ApS registered as owner (5%)
  • THOMAS FISCHER HOLDING ApS registered as owner (5%)
  • Michael Jørgen Nielsen registered as owner (10%)
  • Paid Capital ApS registered as owner (5%)
  • ÆRØ WHISKY A/S registered as owner (5%)
  • Share capital changed from 380,000 DKK to 1,380,000 DKK
  • Klaus Fynsk Norup appointed deputy chair
  • Poul Præstegaard Skadhede appointed board member
  • Peter Kåre Groes Christiansen appointed board member
  • Thomas Arne Fischer appointed chair of the board
  • Industry changed to Distilling, rectifying and blending of spirits (110100)
20151 changecapital 1
  • Share capital changed from 80,000 DKK to 380,000 DKK
20132 changesfounded 1 · management 1
  • Registered as ÆRØ WHISKY ApS
  • Michael Jørgen Nielsen appointed director

Related companies

Same industry in Ærø

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. 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