Andel Holding A/S
Public limited companyCVR 25784413SvinningeActive
Andel Holding A/S is a public limited company, based in Svinninge, active in activities of non-financial head offices, founded in 2000. The company made a loss in both 2024 and 2025, most recently DKK 1.2bn. Operations are spread over 5 production units in 5 towns. With 761 employees, the company is about 16 times larger than the industry median.
Key figures · financial year 2025
What has changed
calculated from recorded figures and datesFinancials: 2025 against 2024
- Gross profit rose 21% (2024 → 2025), to DKK 379.7m.
- Revenue rose 4% (2024 → 2025), to DKK 1bn.
- The loss grew: from DKK 223.1m to DKK 1.2bn (2024 → 2025).
- Equity fell 7% (2024 → 2025), to DKK 14.2bn.
Employees
- 18 fewer employees than a year earlier: 761 (07/2026) against 779 (07/2025).
Management and owners, last 24 months
- New in management: Ulrik Theophil Jørgensen (deputy chair, 09/06/2026) and Lone Askjær Hass (chair of the board, 09/06/2026).
- Stepped down: Ole Hillebrandt Jensen (chief financial officer, 13/10/2025), Lone Askjær Hass (deputy chair, 08/06/2026) and Bart Gyldenløve Roetink (chair of the board, 09/06/2026).
Registrations, last 24 months
- 29/09/2026: Share capital changed from 12,972,614,000 DKK to 13,000,000,000 DKK
- 01/01/2025: Industry changed to Activities of non-financial head offices (701010)
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 thousandEquity and net profit
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change | |
|---|---|---|---|---|---|---|---|
| Revenue | 995,166 | 1,260,724 | 1,399,185 | 904,631 | 974,089 | 1,013,789 | +4.1% |
| Gross profit | 305,817 | 269,152 | 265,346 | 193,431 | 314,367 | 379,706 | +20.8% |
| Operating profit (EBIT) | −521,443 | −158,772 | −345,608 | −362,849 | −390,672 | −358,761 | +8.2% |
| Profit before tax | −799,962 | −545,141 | 955,618 | −332,359 | −421,372 | −1,506,687 | −257.6% |
| Net profit | −643,706 | −514,965 | 1,069,860 | −156,022 | −223,141 | −1,211,132 | −442.8% |
| Total assets | 32,746,099 | 30,931,466 | 31,908,513 | 31,347,284 | 31,076,473 | 33,468,486 | +7.7% |
| Equity | 15,534,410 | 15,557,409 | 16,352,391 | 15,796,397 | 15,305,993 | 14,187,607 | −7.3% |
| Liabilities | 17,191,689 | 15,354,057 | 15,536,122 | 15,525,796 | 15,734,903 | 19,260,879 | +22.4% |
| Cash and cash equivalents | 40,560 | 0 | 19 | 719,127 | 8,624 | 494 | −94.3% |
| Average number of employees | 648 | 641 | 678 | 819 | 773 | 744 | −3.8% |
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.
Download the figures as CSV · free with an account, amounts in whole DKK
Signals from the financial statements
calculated from the 2025 figuresLoss 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| Financial year | Period | Published | Figures for | Documents |
|---|---|---|---|---|
| 2025 | 01/01/2025 – 31/12/2025 | 16/06/2026 | The company | PDF not statedXBRL |
| 2024 | 01/01/2024 – 31/12/2024 | 12/06/2025 | The company | PDFXBRL |
| 2023 | 01/01/2023 – 31/12/2023 | 17/06/2024 | The company | PDFXBRL |
| 2022 | 01/01/2022 – 31/12/2022 | 25/05/2023 | The company | PDFXBRL |
| 2021 | 01/01/2021 – 31/12/2021 | 09/06/2022 | The company | PDFXBRL |
| 2020 | 01/01/2020 – 31/12/2020 | 02/06/2021 | The company | PDFXBRL |
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 CVRPosition in the industry
310 companies in the databaseComparison with the other companies in activities of non-financial head offices based on the latest financial year.
Industry median: gross profit DKK 31.9m, net profit DKK 3.9m, equity DKK 179.4m, 49 employees.
Compared with similar companies
size, age and company form| Group | Gross profit | Equity |
|---|---|---|
| Companies with 500–999 employees207 companies in the comparison | No. 84of 189 Better than 56% | No. 5of 207 Better than 98% |
| Companies that are between 15 and 29 years old24,910 companies in the comparison | No. 151of 24,791 Better than 99% | No. 18of 24,909 Better than 100% |
| All companies of type A/S18,025 companies in the comparison | No. 391of 17,786 Better than 98% | No. 43of 18,024 Better than 100% |
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
Activities of non-financial head offices- Andel Holding A/SDKK 379.7m
- LEGO A/SDKK 56.6bn
- Demant A/SDKK 17.4bn
- Andel Holding A/S−DKK 1.2bn
- LEGO A/SDKK 16.7bn
- Demant A/SDKK 1.5bn
- Andel Holding A/SDKK 14.2bn
- LEGO A/SDKK 49.3bn
- Demant A/SDKK 9.9bn
- Andel Holding A/S761
- LEGO A/S5
- Demant A/S58
Latest financial year per company. Choose up to three companies from the largest in the industry.
Owners and group
from the Public Ownership RegisterSubsidiaries are shown only if they are in the database.
Management
4 active registrationsExecutive management
| Name | Role | Appointed |
|---|---|---|
| Jesper Hjulmand | CEO | 04/02/2002 |
Board of directors
| Name | Role | Appointed |
|---|---|---|
| Jesper Hjulmand | Board member | 26/06/2009 |
| Ulrik Theophil Jørgensen | Deputy chair | 09/06/2026 |
| Lone Askjær Hass | Chair of the board | 09/06/2026 |
- Founders
- Nordvestsjællands Energiforsyning a.m.b.a., NVE
Former management (29)
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| Tage Christian Jeppesen | Board member | 11/12/2000 | 28/04/2004 |
| Peter Johannes Hermann | Board member | 11/12/2000 | 02/09/2005 |
| Steen Røgilds | Board member | 11/12/2000 | 02/09/2005 |
| Niels Peter Hansen | Board member | 11/12/2000 | 02/09/2005 |
| Vagn Jensen | Board member | 11/12/2000 | 02/09/2005 |
| Hans Frandsen | Board member | 11/12/2000 | 02/09/2005 |
| Poul Kejser Kristiansen | Board member | 11/12/2000 | 15/05/2003 |
| Jørgen Christensen | Director | 11/12/2000 | 04/02/2002 |
| Kjeld Rønnekilde | Board member | 11/12/2000 | 18/03/2002 |
| Ole Grove-Rasmussen | Board member | 11/12/2000 | 02/09/2005 |
| Svend Erik Jacobsen | Board member | 11/12/2000 | 28/04/2004 |
| Hans Ludvig Christensen | Board member | 18/03/2002 | 02/09/2005 |
| Arly Johannesen | Board member | 15/05/2003 | 02/09/2005 |
| Jacob Christian Tetzlaff | Board member | 28/04/2004 | 02/09/2005 |
| Kim Bæver Friese-Christiansen | Board member | 28/04/2004 | 02/09/2005 |
| Hans Haar Ravn | Board member | 02/09/2005 | 26/06/2009 |
| Hartvig Sværke | Board member | 02/09/2005 | 26/06/2009 |
| Ole Rasmussen | Deputy chair | 02/09/2005 | 23/01/2013 |
| Poul Arne Nielsen | Chair of the board | 02/09/2005 | 25/04/2017 |
| Torben Glar Nielsen | Director | 01/01/2007 | 05/09/2007 |
| Peter Holm Westergaard Iversen | Director | 01/09/2008 | 31/12/2014 |
| Jeanette Dorthe Hartz | Director | 01/09/2008 | 26/05/2010 |
| Ole Hillebrandt Jensen | Chief financial officer | 01/09/2008 | 13/10/2025 |
| Jens Stenbæk | Deputy chair | 23/01/2013 | 15/05/2017 |
| Jacob Christian Tetzlaff | Deputy chair | 16/05/2017 | 10/05/2021 |
| Jens Stenbæk | Chair of the board | 16/05/2017 | 15/05/2024 |
| Bart Gyldenløve Roetink | Deputy chair | 10/05/2021 | 14/05/2024 |
| Lone Askjær Hass | Deputy chair | 15/05/2024 | 08/06/2026 |
| Bart Gyldenløve Roetink | Chair of the board | 15/05/2024 | 09/06/2026 |
Signing rule: Selskabet tegnes af bestyrelsens formand og næstformand i forening eller af formanden eller næstformanden i forening med en direktør.
Address and production units
5 active production unitsHovedgaden 36
4520 Svinninge
Holbæk Municipality · Postcode 4520
Other companies at the address (6)
- Nexel A/STransmission of electricity
- Andel Energi A/SOther trade in electricity
- Radius Elnet A/SDistribution of electricity
- Cerius A/SDistribution of electricity
- Andel A.M.B.A.Non-financial holding companies
| Production unit | Address | Employees | P number |
|---|---|---|---|
| Andel Holding A/S | Teknikerbyen 25, 2830 Virum | 195 | 1026209273 |
| Andel Holding A/S | Brogade 19E, 4600 Køge | 35 | 1028342868 |
| Andel Holding A/S | Brydehusvej 32, 2750 Ballerup | 19 | 1026209508 |
| Watts A/S | Jellingvej 16, 9230 Svenstrup J | 8 | 1028949541 |
| Andel Holding A/S | Sønderstrandsvej 52, st. th, 4400 Kalundborg | – | 1032042852 |
Purpose
Selskabets formål er direkte eller indirekte at udøve energiforsyningsvirksomhed og anden lignende virksomhed, herunder - at producere, købe, transportere, sælge, forsyne og udnytte el og andre energiformer, - producere varer og levere serviceydelser, der har tilknytning til produktion, køb, transport, salg, forsyning og udnyttelse af el og andre energiformer, - at forestå rådgivning om samt bygning og drift af anlæg, der producerer, transporterer, forsyner eller udnytter el og andre energiformer, - at udøve andre aktiviteter, som har en tilknytning til energiforsyningsvirksomhed eller tilsvarende forsyningsvirksomhed, herunder at anlægge og vedligeholde fjernvarmenet og kraftvarmeproduktionsanlæg, - at udføre energibesparelsesaktiviteter, - at etablere og drive infrastrukturvirksomhed baseret på lyslederteknik samt udvikling af og handel med bredbåndstjenester, og - at udføre anden virksomhed, som efter bestyrelsens skøn står i forbindelse med en af de ovenfor nævnte former for virksomhed. Selskabet kan deltage i fællesskaber i ind- og udland.
The purpose is quoted from the register in Danish.
Changes year by year
91 registered events20266 changescapital 1 · accounts 1 · management 4
- CapitalShare capital changed from 12,972,614,000 DKK to 13,000,000,000 DKK
- AccountsAnnual report for 2025 published
- ManagementLone Askjær Hass appointed chair of the board
- ManagementUlrik Theophil Jørgensen appointed deputy chair
- ManagementBart Gyldenløve Roetink stepped down as chair of the board
- ManagementLone Askjær Hass stepped down as deputy chair
20253 changesmanagement 1 · accounts 1 · industry 1
- ManagementOle Hillebrandt Jensen stepped down as chief financial officer
- AccountsAnnual report for 2024 published
- IndustryIndustry changed to Activities of non-financial head offices (701010)
20245 changesaccounts 1 · management 4
- AccountsAnnual report for 2023 published
- ManagementLone Askjær Hass appointed deputy chair
- ManagementBart Gyldenløve Roetink appointed chair of the board
- ManagementJens Stenbæk stepped down as chair of the board
- ManagementBart Gyldenløve Roetink stepped down as deputy chair
20231 changeaccounts 1
- AccountsAnnual report for 2022 published
20221 changeaccounts 1
- AccountsAnnual report for 2021 published
20215 changesmerger 1 · accounts 1 · management 2 · industry 1
- MergerMerger registered in CVR
- AccountsAnnual report for 2020 published
- ManagementBart Gyldenløve Roetink appointed deputy chair
- ManagementJacob Christian Tetzlaff stepped down as deputy chair
- IndustryIndustry changed to Activities of non-financial head offices (701010)
20202 changescapital 1 · name 1
- CapitalShare capital changed from 1,081,000,000 DKK to 12,972,614,000 DKK
- NameName changed from SEAS-NVE HOLDING A/S to Andel Holding A/S
20181 changeaddress 1
- AddressMoved to Hovedgaden 36, 4520 Svinninge
20174 changesmanagement 4
- ManagementJacob Christian Tetzlaff appointed deputy chair
- ManagementJens Stenbæk appointed chair of the board
- ManagementJens Stenbæk stepped down as deputy chair
- ManagementPoul Arne Nielsen stepped down as chair of the board
20141 changemanagement 1
- ManagementPeter Holm Westergaard Iversen stepped down as director
20134 changesmerger 1 · ownership 1 · management 2
- MergerMerger registered in CVR
- OwnershipAndel A.M.B.A. registered as owner (100%)
- ManagementJens Stenbæk appointed deputy chair
- ManagementOle Rasmussen stepped down as deputy chair
20111 changemerger 1
- MergerMerger registered in CVR
20101 changemanagement 1
- ManagementJeanette Dorthe Hartz stepped down as director
20094 changesmanagement 3 · industry 1
- ManagementJesper Hjulmand appointed board member
- ManagementHartvig Sværke stepped down as board member
- ManagementHans Haar Ravn stepped down as board member
- IndustryIndustry changed to Transmission of electricity (351300)
20085 changesmanagement 3 · capital 1 · industry 1
- ManagementPeter Holm Westergaard Iversen appointed director
- ManagementOle Hillebrandt Jensen appointed chief financial officer
- ManagementJeanette Dorthe Hartz appointed director
- CapitalShare capital changed from 1,010,000,000 DKK to 1,081,000,000 DKK
- IndustryIndustry changed to Activities of non-financial head offices (701010)
20073 changesmanagement 2 · address 1
- ManagementTorben Glar Nielsen stepped down as director
- AddressMoved to Hovedgaden 36, 4520 Svinninge
- ManagementTorben Glar Nielsen appointed director
20061 changemerger 1
- MergerMerger registered in CVR
200520 changescapital 2 · industry 2 · name 1 · management 14 · merger 1
- CapitalShare capital changed from 1,000,000,000 DKK to 1,010,000,000 DKK
- IndustryIndustry changed to Distribution af og handel med elektricitet (401300)
- NameName changed from NVE HOLDING A/S to SEAS-NVE HOLDING A/S
- CapitalShare capital changed from 170,000,000 DKK to 1,000,000,000 DKK
- ManagementHartvig Sværke appointed board member
- ManagementHans Haar Ravn appointed board member
- ManagementOle Rasmussen appointed deputy chair
- ManagementPoul Arne Nielsen appointed chair of the board
- ManagementJacob Christian Tetzlaff stepped down as board member
- ManagementKim Bæver Friese-Christiansen stepped down as board member
- ManagementArly Johannesen stepped down as board member
- ManagementHans Ludvig Christensen stepped down as board member
- ManagementHans Frandsen stepped down as board member
- ManagementVagn Jensen stepped down as board member
- ManagementNiels Peter Hansen stepped down as board member
- ManagementSteen Røgilds stepped down as board member
- ManagementPeter Johannes Hermann stepped down as board member
- ManagementOle Grove-Rasmussen stepped down as board member
- MergerMerger registered in CVR
- IndustryIndustry changed to Transmission af elektricitet (401200)
20044 changesmanagement 4
- ManagementJacob Christian Tetzlaff appointed board member
- ManagementKim Bæver Friese-Christiansen appointed board member
- ManagementTage Christian Jeppesen stepped down as board member
- ManagementSvend Erik Jacobsen stepped down as board member
20033 changescapital 1 · management 2
- CapitalShare capital changed from 100,000,000 DKK to 170,000,000 DKK
- ManagementArly Johannesen appointed board member
- ManagementPoul Kejser Kristiansen stepped down as board member
20024 changesmanagement 4
- ManagementHans Ludvig Christensen appointed board member
- ManagementKjeld Rønnekilde stepped down as board member
- ManagementJesper Hjulmand appointed ceo
- ManagementJørgen Christensen stepped down as director
200012 changesfounded 1 · management 11
- FoundedRegistered as NVE HOLDING A/S
- ManagementJørgen Christensen appointed director
- ManagementPoul Kejser Kristiansen appointed board member
- ManagementHans Frandsen appointed board member
- ManagementVagn Jensen appointed board member
- ManagementNiels Peter Hansen appointed board member
- ManagementSteen Røgilds appointed board member
- ManagementTage Christian Jeppesen appointed board member
- ManagementPeter Johannes Hermann appointed board member
- ManagementSvend Erik Jacobsen appointed board member
- ManagementOle Grove-Rasmussen appointed board member
- ManagementKjeld Rønnekilde appointed board member
Related companies
Same people in management
- Tryg Forsikring A/Svia Jesper Hjulmand
- Vestas Wind Systems A/Svia Torben Glar Nielsen
- COWI A/Svia Lone Askjær Hass
- KMD A/Svia Jens Stenbæk
- Energinet Eltransmission A/Svia Torben Glar Nielsen
- Nexel A/Svia Ole Hillebrandt Jensen
Largest in the industry
- LEGO A/SDKK 56.6bn
- Demant A/SDKK 17.4bn
- T&W Medical A/SDKK 12.1bn
- GN Store Nord A/SDKK 9.2bn
- Flsmidth & Co. A/SDKK 5.1bn
- Avk Holding A/SDKK 3.4bn
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 23/10/2026.