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AG Development A/S

Public limited companyCVR 26868866Odense SVActive

AG Development A/S is a public limited company, based in Odense SV, active in renting of commercial property, founded in 2002. After a loss in 2024, the company made a profit of DKK 1.4m in 2025. With 61 employees, the company is about 61 times larger than the industry median. Gross profit is higher than that of 97% of the companies in the industry in the database.

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Key figures · financial year 2025

Gross profitDKK 52m+17% vs. 2024
Net profitDKK 1.4m+107.4% vs. 2024
EquityDKK 73.2m+2% vs. 2024
Employees61latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Gross profit rose 17% (2024 → 2025), to DKK 52m.
  • Net profit went from a loss of DKK 18.9m to a profit of DKK 1.4m (2024 → 2025).
  • Equity rose 2% (2024 → 2025), to DKK 73.2m.

Employees

  • 10 more employees than a year earlier: 61 (08/2026) against 51 (08/2025).

Registrations, last 24 months

  • 19/12/2024: Moved to Papirmester Allé 20, Dalum, 5250 Odense SV

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 20mDKK 0DKK 20mDKK 40mDKK 60mDKK 80mDKK 100mDKK 120m202020212022202320242025
EquityNet profit
Financial figures for AG Development A/S
202020212022202320242025Change
Revenuenot statednot statednot statednot statednot statednot stated–
Gross profit34,99745,32248,70045,39144,41951,988+17%
Operating profit (EBIT)−17,425−8,968−13,709−12,107−12,829−18,038−40.6%
Profit before tax3,63712,3895,662−5,365−23,449−3,774+83.9%
Net profit7,38014,5049,313−1,293−18,9021,399+107.4%
Total assets242,561302,923373,473479,180259,182323,727+24.9%
Equity100,793115,29791,94690,65371,75273,151+2%
Liabilities140,493186,772280,527388,226187,299250,576+33.8%
Cash and cash equivalents10,6962,60454,67412,1671,4165,298+274.2%
Average number of employees374145434549+8.9%

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 40mDKK 50m202020212022202320242025
Gross profitMedian, the industry (1,780 companies)

Annual reports

6 financial years
Annual reports for AG Development A/S
Financial yearPeriodPublishedFigures forDocuments
202501/01/2025 – 31/12/202524/03/2026The companyPDF not statedXBRL
202401/01/2024 – 31/12/202407/03/2025The companyPDFXBRL
202301/01/2023 – 31/12/202322/03/2024The companyPDFXBRL
202201/01/2022 – 31/12/202226/04/2023The companyPDFXBRL
202101/01/2021 – 31/12/202129/03/2022The companyPDFXBRL
202001/01/2020 – 31/12/202014/04/2021The 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
010203040506009/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/2608/26
Employees

Position in the industry

1,780 companies in the database

Comparison with the other companies in renting of commercial property based on the latest financial year.

Gross profitDKK 52mNo. 54 of 1,763
Better than 97% of the companies in the industry
EquityDKK 73.2mNo. 314 of 1,780
Better than 82% of the companies in the industry
Number of employees61No. 33 of 1,780
Better than 98% of the companies in the industry

Industry median: gross profit DKK 1.5m, net profit DKK 430k, equity DKK 13.7m, 1 employees.

DKK 100kDKK 1.1mDKK 11.2mDKK 118.3mDKK 569.9mHere
Distribution of gross profit for 1,591 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. 1,706of 4,412
Better than 61%
No. 885of 4,466
Better than 80%
Same industry and 50–199 employees17 companies in the comparison
No. 7of 15
Better than 57%
No. 10of 17
Better than 44%
Companies that are between 15 and 29 years old24,910 companies in the comparison
No. 1,368of 24,791
Better than 94%
No. 1,729of 24,909
Better than 93%
All companies of type A/S18,025 companies in the comparison
No. 2,807of 17,786
Better than 84%
No. 2,800of 18,024
Better than 84%

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

Renting of commercial property
Gross profit
  1. AG Development A/SDKK 52m
  2. Jeudan A/SDKK 1.3bn
  3. Euro Steel 1988 ApSDKK 719.3m
Net profit
  1. AG Development A/SDKK 1.4m
  2. Jeudan A/SDKK 1bn
  3. Euro Steel 1988 ApSDKK 180.9m
Equity
  1. AG Development A/SDKK 73.2m
  2. Jeudan A/SDKK 13.1bn
  3. Euro Steel 1988 ApSDKK 1.8bn
Employees
  1. AG Development A/S61
  2. Jeudan A/S249
  3. Euro Steel 1988 ApS4

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
AG Development A/S

Management

6 active registrations

Executive management

Executive management at AG Development A/S
NameRoleAppointed
Bjarke Windeløv GraaeCEO01/08/2023

Board of directors

Board of directors at AG Development A/S
NameRoleAppointed
Bjarke Windeløv GraaeBoard member07/10/2020
Berit Hoelgaard DidriksenBoard member07/10/2020
Maj UggerhøjBoard member18/04/2023
Boris Nørgaard KjeldsenBoard member01/08/2023
Robin FeddernChair of the board01/08/2023
Founders
AG Gruppen A/S
Former management (17)
Former management at AG Development A/S
NameRoleAppointedResigned
Jørgen-Erik WittingDirector12/11/200205/08/2015
Uwe TeichertBoard member12/11/200215/11/2018
Søren Gram DegnBoard member12/11/200207/04/2008
Ole WalbomBoard member12/11/200206/09/2004
Robin FeddernBoard member12/11/200231/07/2023
Jørgen-Erik WittingBoard member19/05/200404/08/2015
Jørgen-Erik WittingChair of the board05/08/201519/12/2019
Robin FeddernDirector05/08/201508/01/2017
Henrik JacobsenCEO05/08/201501/03/2016
Kasper RungfeldtCEO01/03/201609/01/2017
Robin FeddernCEO09/01/201701/08/2023
Henrik Greve NielsenBoard member15/11/201805/03/2020
Lars HolstChair of the board19/12/201922/03/2022
Bjarke Windeløv GraaeDirector19/02/202031/07/2023
Boris Nørgaard KjeldsenBoard member05/03/202022/03/2022
Boris Nørgaard KjeldsenChair of the board23/03/202231/07/2023
Lars HolstBoard member23/03/202208/03/2023

Signing rule: Selskabet tegnes af 2 direktører i forening, af en direktør i forening med bestyrelsesformanden eller af den samlede bestyrelse.

Address and production units

2 active production units

Papirmester Allé 20
5250 Odense SV

Odense Municipality · Postcode 5250

Other companies at the address (4)

Production units
Production unitAddressEmployeesP number
AG Development A/SPapirmester Allé 20, Dalum, 5250 Odense SV471009500142
AG Development A/SRued Langgaards Vej 8, 1, 2300 København S141012549292

Purpose

Selskabets formål er at drive investeringsvirksomhed, fabrikation og handel.

The purpose is quoted from the register in Danish.

Changes year by year

67 registered events
20261 changeaccounts 1
  • Annual report for 2025 published
20251 changeaccounts 1
  • Annual report for 2024 published
20242 changesaddress 1 · accounts 1
  • Moved to Papirmester Allé 20, Dalum, 5250 Odense SV
  • Annual report for 2023 published
202311 changesaddress 1 · management 9 · accounts 1
  • Moved to Papirmester Allé 20, Dalum, 5250 Odense SV
  • Bjarke Windeløv Graae appointed ceo
  • Robin Feddern appointed chair of the board
  • Boris Nørgaard Kjeldsen appointed board member
  • Robin Feddern stepped down as ceo
  • Boris Nørgaard Kjeldsen stepped down as chair of the board
  • Bjarke Windeløv Graae stepped down as director
  • Robin Feddern stepped down as board member
  • Annual report for 2022 published
  • Maj Uggerhøj appointed board member
  • Lars Holst stepped down as board member
20229 changesaddress 4 · accounts 1 · management 4
  • Moved to Papirmester Allé 20, Dalum, 5250 Odense SV
  • Moved to Papirmester Allé 20, Dalum, 5250 Odense SV
  • Annual report for 2021 published
  • Boris Nørgaard Kjeldsen appointed chair of the board
  • Lars Holst appointed board member
  • Boris Nørgaard Kjeldsen stepped down as board member
  • Lars Holst stepped down as chair of the board
  • Moved to Papirmester Allé 20, Dalum, 5250 Odense SV
  • Moved to Papirmester Allé 20, Dalum, 5250 Odense SV
20211 changeaccounts 1
  • Annual report for 2020 published
20207 changesmanagement 5 · industry 1 · merger 1
  • Bjarke Windeløv Graae appointed board member
  • Berit Hoelgaard Didriksen appointed board member
  • Industry changed to Renting of commercial property (682040)
  • Boris Nørgaard Kjeldsen appointed board member
  • Henrik Greve Nielsen stepped down as board member
  • Merger registered in CVR
  • Bjarke Windeløv Graae appointed director
20193 changesmanagement 2 · name 1
  • Lars Holst appointed chair of the board
  • Jørgen-Erik Witting stepped down as chair of the board
  • Name changed from ARKITEKTGRUPPEN EJENDOMME A/S to AG Development A/S
20183 changesmanagement 2 · merger 1
  • Henrik Greve Nielsen appointed board member
  • Uwe Teichert stepped down as board member
  • Merger registered in CVR
20173 changesmanagement 3
  • Robin Feddern appointed ceo
  • Kasper Rungfeldt stepped down as ceo
  • Robin Feddern stepped down as director
20162 changesmanagement 2
  • Kasper Rungfeldt appointed ceo
  • Henrik Jacobsen stepped down as ceo
20155 changesmanagement 5
  • Henrik Jacobsen appointed ceo
  • Robin Feddern appointed director
  • Jørgen-Erik Witting appointed chair of the board
  • Jørgen-Erik Witting stepped down as director
  • Jørgen-Erik Witting stepped down as board member
20131 changename 1
  • Name changed from ARKITEKTGRUPPEN A/S to ARKITEKTGRUPPEN EJENDOMME A/S
20091 changeindustry 1
  • Industry changed to Gennemførelse af byggeprojekter (411000)
20083 changesaddress 1 · management 1 · industry 1
  • Moved to Hollufgårds Allé 12, Neder Holluf, 5220 Odense SØ
  • Søren Gram Degn stepped down as board member
  • Industry changed to Engineering consultancy in construction and civil engineering (711210)
20061 changeaddress 1
  • Moved to Hollufgårds Allé 8-10, Neder Holluf, 5220 Odense SØ
20052 changesname 1 · address 1
  • Name changed from ARKITEKTGRUPPEN ODENSE A/S to ARKITEKTGRUPPEN A/S
  • Moved to Hestehaven 201, Neder Holluf, 5220 Odense SØ
20042 changesmanagement 2
  • Ole Walbom stepped down as board member
  • Jørgen-Erik Witting appointed board member
20032 changesaddress 1 · industry 1
  • Moved to Lindevej 65, Dalum, 5250 Odense SV
  • Industry changed to Rådgivende ingeniørvirksomhed indenfor byggeri og anlægsarbejder (742010)
20027 changesfounded 1 · management 5 · ownership 1
  • Registered as ARKITEKTGRUPPEN ODENSE A/S
  • Uwe Teichert appointed board member
  • Robin Feddern appointed board member
  • Ole Walbom appointed board member
  • Søren Gram Degn appointed board member
  • Jørgen-Erik Witting appointed director
  • AG Gruppen A/S registered as owner (100%)

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

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