Babcock & Wilcox A/S
Public limited companyCVR 25053664TaastrupActive
Babcock & Wilcox A/S is a public limited company, based in Taastrup, active in manufacture of central heating radiators and boilers, founded in 1999. Equity was negative at the end of 2025 (−DKK 368.2m). After a loss in 2024, the company made a profit of DKK 23.6m in 2025. 8 other companies in the database are registered at the same address.
Key figures · financial year 2025
RevenueDKK 23.1m−91.1% vs. 2024
Net profitDKK 23.6m+118.1% vs. 2024
Equity−DKK 368.2m+6% vs. 2024
Employees4latest month from CVR
What has changed
calculated from recorded figures and datesFinancials: 2025 against 2024
- Gross profit fell 391% (2024 → 2025), to −DKK 64.6m.
- Revenue fell 91% (2024 → 2025), to DKK 23.1m.
- Net profit went from a loss of DKK 130.3m to a profit of DKK 23.6m (2024 → 2025).
Employees
- 7 fewer employees than a year earlier: 4 (08/2026) against 11 (08/2025).
Management and owners, last 24 months
- New in management: Michael John Hartley (ceo, 30/06/2026) and Hans Ladum-Poulsen (ceo, 01/06/2025).
- Stepped down: Ole Hedegaard Madsen (ceo, 01/05/2025) and Hans Ladum-Poulsen (ceo, 30/06/2026).
- No longer registered as owner: B&W PGG Luxembourg Finance (27/11/2025).
Registrations, last 24 months
- 01/01/2025: Industry changed to Manufacture of central heating radiators and boilers (252100)
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 | 436,632 | 388,262 | 580,733 | 464,339 | 259,936 | 23,146 | −91.1% |
| Gross profit | 192,349 | 82,249 | 37,661 | −55,008 | 22,195 | −64,608 | −391.1% |
| Operating profit (EBIT) | 37,114 | −42,476 | −42,923 | −139,354 | −84,541 | −21,276 | +74.8% |
| Profit before tax | −164,098 | −49,337 | −82,932 | −189,193 | −138,251 | 23,577 | +117.1% |
| Net profit | −166,026 | −48,057 | −95,117 | −142,074 | −130,332 | 23,577 | +118.1% |
| Total assets | 392,475 | 414,896 | 437,158 | 425,228 | 206,101 | 61,524 | −70.1% |
| Equity | 26,810 | −20,972 | −116,767 | −259,286 | −391,759 | −368,249 | +6% |
| Liabilities | 229,537 | 364,868 | 498,860 | 581,179 | 558,564 | 394,839 | −29.3% |
| Cash and cash equivalents | 16,511 | 23,235 | 8,920 | 22,388 | 15,368 | 4,735 | −69.2% |
| Average number of employees | 271 | 222 | 156 | 136 | 82 | 26 | −68.3% |
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 figuresNegative equity
Equity was −DKK 368.2m at the end of 2025.
How is this calculated?
Equity in the latest annual report is below zero.
Fewer employees
The number of employees fell 68% from 82 in 2024 to 26 in 2025.
How is this calculated?
The number of employees according to the annual report has fallen by at least 25%, and was at least 10 the year before.
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 | 12/08/2026 | The company | PDF not statedXBRL |
| 2024 | 01/01/2024 – 31/12/2024 | 24/07/2025 | The company | PDFXBRL |
| 2023 | 01/01/2023 – 31/12/2023 | 11/07/2024 | The company | PDFXBRL |
| 2022 | 01/01/2022 – 31/12/2022 | 30/06/2023 | The company | PDFXBRL |
| 2021 | 01/01/2021 – 31/12/2021 | 14/07/2022 | The company | PDFXBRL |
| 2020 | 01/01/2020 – 31/12/2020 | 03/05/2021 | 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
9 companies in the databaseComparison with the other companies in manufacture of central heating radiators and boilers based on the latest financial year.
Gross profit−DKK 64.6mNo. 9 of 9
Better than 0% of the companies in the industry
Equity−DKK 368.2mNo. 9 of 9
Better than 0% of the companies in the industry
Number of employees4No. 3 of 9
Better than 75% of the companies in the industry
Industry median: gross profit DKK 5.7m, net profit DKK 668k, equity DKK 2.7m, 4 employees.
Compared with similar companies
size, age and company form| Group | Gross profit | Equity |
|---|---|---|
| Companies with fewer than 20 employees69,967 companies in the comparison | No. 69,735of 69,742 Better than 0% | No. 69,960of 69,964 Better than 0% |
| Companies that are between 15 and 29 years old24,910 companies in the comparison | No. 24,782of 24,791 Better than 0% | No. 24,906of 24,909 Better than 0% |
| All companies of type A/S18,025 companies in the comparison | No. 17,765of 17,786 Better than 0% | No. 18,015of 18,024 Better than 0% |
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 central heating radiators and boilersGross profit
- Babcock & Wilcox A/S−DKK 64.6m
- Alfa Laval Aalborg A/SDKK 302.6m
- Skandinavisk Industrimontage A/SDKK 15.9m
Net profit
- Babcock & Wilcox A/SDKK 23.6m
- Alfa Laval Aalborg A/S−DKK 93.1m
- Skandinavisk Industrimontage A/SDKK 4.7m
Equity
- Babcock & Wilcox A/S−DKK 368.2m
- Alfa Laval Aalborg A/SDKK 1.1bn
- Skandinavisk Industrimontage A/SDKK 25.3m
Employees
- Babcock & Wilcox A/S4
- Alfa Laval Aalborg A/S332
- Skandinavisk Industrimontage A/S59
Latest financial year per company. Choose up to three companies from the largest in the industry.
Owners and group
from the Public Ownership RegisterOwners
- The Babcock & Wilcox Company100%
Babcock & Wilcox A/S
Management
4 active registrationsExecutive management
| Name | Role | Appointed |
|---|---|---|
| Michael John Hartley | CEO | 30/06/2026 |
Board of directors
| Name | Role | Appointed |
|---|---|---|
| Rodney Ernest Carlson | Chair of the board | 09/03/2020 |
| Brandy Lynn Johnson Aungst | Board member | 01/05/2021 |
| Cameron Michael Frymyer | Board member | 18/12/2023 |
- Founders
- KR 332 ApS
Former management (59)
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| Jørgen Byriel | Director | 22/11/1999 | 20/01/2000 |
| Geoffrey Allen Heath | Director | 20/01/2000 | 19/03/2001 |
| Daniel Frank Levstek | CEO | 20/01/2000 | 01/05/2001 |
| James F Wood | Chair of the board | 20/01/2000 | 21/03/2001 |
| Brandon C Bethards | Board member | 20/01/2000 | 05/02/2009 |
| Theodore V Maliszewski Jr | Board member | 20/01/2000 | 01/08/2001 |
| Kai Salby Jensen | Board member | 04/01/2001 | 30/11/2004 |
| Henrik Damm Matthiesen | Deputy board member | 04/01/2001 | 27/09/2002 |
| Henrik Aarøe Neergaard | Board member | 04/01/2001 | 27/09/2002 |
| David Lee Keller | Chair of the board | 21/03/2001 | 07/02/2007 |
| Richard Edward Reimels | Director | 01/05/2001 | 01/08/2001 |
| Jens Frederik Hansen | Director | 01/08/2001 | 11/11/2003 |
| Richard Edward Reimels | Board member | 01/08/2001 | 07/02/2007 |
| Jacob Rosenhøj Jørgensen | Director | 11/11/2003 | 28/06/2016 |
| Thomas Eugene Moskal | CEO | 11/03/2004 | 01/07/2004 |
| John Veje Olesen | CEO | 01/07/2004 | 26/01/2017 |
| Helge Steenstrup | Board member | 30/03/2005 | 30/04/2021 |
| Nick Mogensen | Board member | 30/03/2005 | 30/11/2007 |
| Richard Lee Killion | Chair of the board | 07/02/2007 | 01/07/2012 |
| Mark Stephen Low | Board member | 07/02/2007 | 24/01/2017 |
| Carit Toft Hansen | Deputy board member | 18/06/2007 | 05/02/2009 |
| Mikkel Mogensen | Deputy board member | 05/02/2009 | 07/02/2013 |
| J Randell Data | Chair of the board | 01/07/2012 | 07/02/2013 |
| Douglas Paul Scavuzzo | Board member | 01/07/2012 | 10/11/2015 |
| Paw Andersen | Deputy board member | 07/02/2013 | 29/03/2017 |
| John Dastrup | Deputy board member | 07/02/2013 | 29/03/2017 |
| Rasmus Peter Sejerup Rasmussen | Board member | 07/02/2013 | 04/06/2024 |
| J. Randall Data | Chair of the board | 07/02/2013 | 11/11/2015 |
| Douglas Paul Scavuzzo | Chair of the board | 11/11/2015 | 24/01/2017 |
| Cameron Michael Frymyer | Board member | 11/11/2015 | 24/01/2017 |
| Jimmy Brian Morgan | Board member | 24/01/2017 | 01/01/2018 |
| Kimberly Lewis Clark | Board member | 24/01/2017 | 08/02/2018 |
| Rodney Ernest Carlson | Chair of the board | 24/01/2017 | 01/01/2018 |
| Jimmy Brian Morgan | CEO | 26/01/2017 | 02/01/2018 |
| Klaus Peter Barckmann | Deputy board member | 29/03/2017 | 31/05/2017 |
| Helge Didriksen | Deputy board member | 29/03/2017 | 17/11/2017 |
| Jette Grabow | Director | 01/05/2017 | 01/02/2018 |
| John Dastrup | Deputy board member | 01/06/2017 | 01/05/2021 |
| Lars-Erik Jørgensen | Deputy board member | 21/11/2017 | 01/07/2019 |
| Koen Willy Bogers | CEO | 02/01/2018 | 09/03/2020 |
| Jimmy Brian Morgan | Chair of the board | 02/01/2018 | 08/03/2020 |
| Rodney Ernest Carlson | Board member | 02/01/2018 | 08/03/2020 |
| Jacqueline Marie Opal | Board member | 08/02/2018 | 01/05/2021 |
| Martin Oehlenschlæger | Director | 04/06/2018 | 01/05/2021 |
| Jimmy Brian Morgan | Board member | 09/03/2020 | 01/05/2021 |
| Jimmy Brian Morgan | CEO | 09/03/2020 | 15/02/2021 |
| Kasper Bjarnø Sinning | Board member | 17/03/2020 | 20/01/2022 |
| Kasper Lundtorp | CEO | 15/02/2021 | 31/10/2021 |
| Helge Steenstrup | Deputy board member | 01/05/2021 | 19/01/2022 |
| Anders Rotbøl Primdahl | Board member | 01/05/2021 | 20/01/2022 |
| Anne Marie Skovbæk | Deputy board member | 01/05/2021 | 30/04/2022 |
| Gary Campbell Cochrane | Board member | 01/05/2021 | 01/12/2023 |
| Gary Campbell Cochrane | CEO | 31/10/2021 | 01/09/2023 |
| Helge Steenstrup | Board member | 20/01/2022 | 27/06/2024 |
| Jan Sahl | Board member | 20/01/2022 | 01/04/2023 |
| Per Karlsmose | CEO | 01/09/2023 | 30/11/2023 |
| Kim Bredahl Mogensen | CEO | 01/12/2023 | 01/07/2024 |
| Ole Hedegaard Madsen | CEO | 01/07/2024 | 01/05/2025 |
| Hans Ladum-Poulsen | CEO | 01/06/2025 | 30/06/2026 |
Signing rule: Selskabet tegnes af to direktører i forening, af et bestyrelsesmedlem i forening med formanden for bestyrelsen eller af et bestyrelsesmedlem i forening med en direktør.
Address and production units
2 active production unitsDybendalsvænget 3
2630 Taastrup
Høje-Taastrup Municipality · Postcode 2630
Other companies at the address (8)
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- Vaillant A/SWholesale of hardware, heating equipment and supplies
- Fresh Happy Mex A/SRestaurants and cafés
| Production unit | Address | Employees | P number |
|---|---|---|---|
| BABCOCK & WILCOX A/S | Dybendalsvænget 3, 2630 Taastrup | 3 | 1008787278 |
| BABCOCK & WILCOX A/S | Falkevej 2, 6705 Esbjerg Ø | 1 | 1001035575 |
Purpose
Selskabets formål er design, ingeniørvirksomhed, køb, salg, distribution, import, eksport, produktion, samling, konstruktion, forsyning, vedligeholdelse, reparation, opstart og genopbygning af kedler, tilhørende kedeludstyr og miljøkontrolleringsudstyr, reservedele, komponenter og tilsvarende produkter, samt hermed beslægtet virksomhed. Selskabets formål er herudover koordinering og styring af egne og andre entreprenørers leverancer samt drift og vedligeholdelse af anlæg. Det er endvidere selskabets formål at eje og udleje fast ejendom samt hermed beslægtet virksomhed.
The purpose is quoted from the register in Danish.
Changes year by year
137 registered events42015
12016
172017
102018
12019
82020
162021
72022
82023
62024
52025
32026
20263 changesaccounts 1 · management 2
- AccountsAnnual report for 2025 published
- ManagementMichael John Hartley appointed ceo
- ManagementHans Ladum-Poulsen stepped down as ceo
20255 changesownership 1 · accounts 1 · management 2 · industry 1
- OwnershipB&W PGG Luxembourg Finance is no longer registered as owner
- AccountsAnnual report for 2024 published
- ManagementHans Ladum-Poulsen appointed ceo
- ManagementOle Hedegaard Madsen stepped down as ceo
- IndustryIndustry changed to Manufacture of central heating radiators and boilers (252100)
20246 changesaccounts 1 · address 1 · management 4
- AccountsAnnual report for 2023 published
- AddressMoved to Dybendalsvænget 3, Klovtofte, 2630 Taastrup
- ManagementOle Hedegaard Madsen appointed ceo
- ManagementKim Bredahl Mogensen stepped down as ceo
- ManagementHelge Steenstrup stepped down as board member
- ManagementRasmus Peter Sejerup Rasmussen stepped down as board member
20238 changesmanagement 7 · accounts 1
- ManagementCameron Michael Frymyer appointed board member
- ManagementKim Bredahl Mogensen appointed ceo
- ManagementGary Campbell Cochrane stepped down as board member
- ManagementPer Karlsmose stepped down as ceo
- ManagementPer Karlsmose appointed ceo
- ManagementGary Campbell Cochrane stepped down as ceo
- AccountsAnnual report for 2022 published
- ManagementJan Sahl stepped down as board member
20227 changesaccounts 1 · management 6
- AccountsAnnual report for 2021 published
- ManagementAnne Marie Skovbæk stepped down as deputy board member
- ManagementJan Sahl appointed board member
- ManagementHelge Steenstrup appointed board member
- ManagementAnders Rotbøl Primdahl stepped down as board member
- ManagementKasper Bjarnø Sinning stepped down as board member
- ManagementHelge Steenstrup stepped down as deputy board member
202116 changesmanagement 14 · name 1 · accounts 1
- ManagementGary Campbell Cochrane appointed ceo
- ManagementKasper Lundtorp stepped down as ceo
- NameName changed from BABCOCK & WILCOX VØLUND A/S to BABCOCK & WILCOX A/S
- AccountsAnnual report for 2020 published
- ManagementHelge Steenstrup appointed deputy board member
- ManagementBRANDY LYNN JOHNSON AUNGST appointed board member
- ManagementGary Campbell Cochrane appointed board member
- ManagementAnne Marie Skovbæk appointed deputy board member
- ManagementAnders Rotbøl Primdahl appointed board member
- ManagementJimmy Brian Morgan stepped down as board member
- ManagementMartin Oehlenschlæger stepped down as director
- ManagementJacqueline Marie Opal stepped down as board member
- ManagementJohn Dastrup stepped down as deputy board member
- ManagementHelge Steenstrup stepped down as board member
- ManagementKasper Lundtorp appointed ceo
- ManagementJimmy Brian Morgan stepped down as ceo
20208 changescapital 1 · management 7
- CapitalShare capital changed from 20,000,000 DKK to 5,000,000 DKK
- ManagementKasper Bjarnø Sinning appointed board member
- ManagementJimmy Brian Morgan appointed board member
- ManagementRodney Ernest Carlson appointed chair of the board
- ManagementJimmy Brian Morgan appointed ceo
- ManagementKoen Willy Bogers stepped down as ceo
- ManagementRodney Ernest Carlson stepped down as board member
- ManagementJimmy Brian Morgan stepped down as chair of the board
20191 changemanagement 1
- ManagementLars-Erik Jørgensen stepped down as deputy board member
201810 changesmanagement 10
- ManagementMartin Oehlenschlæger appointed director
- ManagementJacqueline Marie Opal appointed board member
- ManagementKimberly Lewis Clark stepped down as board member
- ManagementJette Grabow stepped down as director
- ManagementRodney Ernest Carlson appointed board member
- ManagementJimmy Brian Morgan appointed chair of the board
- ManagementKoen Willy Bogers appointed ceo
- ManagementJimmy Brian Morgan stepped down as ceo
- ManagementJimmy Brian Morgan stepped down as board member
- ManagementRodney Ernest Carlson stepped down as chair of the board
201717 changesmanagement 17
- ManagementLars-Erik Jørgensen appointed deputy board member
- ManagementHelge Didriksen stepped down as deputy board member
- ManagementJohn Dastrup appointed deputy board member
- ManagementKlaus Peter Barckmann stepped down as deputy board member
- ManagementJette Grabow appointed director
- ManagementHelge Didriksen appointed deputy board member
- ManagementKlaus Peter Barckmann appointed deputy board member
- ManagementPaw Andersen stepped down as deputy board member
- ManagementJohn Dastrup stepped down as deputy board member
- ManagementJimmy Brian Morgan appointed ceo
- ManagementJohn Veje Olesen stepped down as ceo
- ManagementKimberly Lewis Clark appointed board member
- ManagementJimmy Brian Morgan appointed board member
- ManagementRodney Ernest Carlson appointed chair of the board
- ManagementCameron Michael Frymyer stepped down as board member
- ManagementDouglas Paul Scavuzzo stepped down as chair of the board
- ManagementMark Stephen Low stepped down as board member
20161 changemanagement 1
- ManagementJacob Rosenhøj Jørgensen stepped down as director
20154 changesmanagement 4
- ManagementCameron Michael Frymyer appointed board member
- ManagementDouglas Paul Scavuzzo appointed chair of the board
- ManagementJ. Randall Data stepped down as chair of the board
- ManagementDouglas Paul Scavuzzo stepped down as board member
20137 changesmanagement 6 · ownership 1
- ManagementPaw Andersen appointed deputy board member
- ManagementJ. Randall Data appointed chair of the board
- ManagementRasmus Peter Sejerup Rasmussen appointed board member
- ManagementJohn Dastrup appointed deputy board member
- ManagementJ Randell Data stepped down as chair of the board
- ManagementMikkel Mogensen stepped down as deputy board member
- OwnershipB&W PGG Luxembourg Finance registered as owner (100%)
20123 changesmanagement 3
- ManagementDouglas Paul Scavuzzo appointed board member
- ManagementJ Randell Data appointed chair of the board
- ManagementRichard Lee Killion stepped down as chair of the board
20093 changesmanagement 3
- ManagementMikkel Mogensen appointed deputy board member
- ManagementCarit Toft Hansen stepped down as deputy board member
- ManagementBrandon C Bethards stepped down as board member
20077 changesmanagement 6 · name 1
- ManagementNick Mogensen stepped down as board member
- ManagementCarit Toft Hansen appointed deputy board member
- NameName changed from BABCOCK & WILCOX VØLUND ApS to BABCOCK & WILCOX VØLUND A/S
- ManagementMark Stephen Low appointed board member
- ManagementRichard Lee Killion appointed chair of the board
- ManagementRichard Edward Reimels stepped down as board member
- ManagementDavid Lee Keller stepped down as chair of the board
20052 changesmanagement 2
- ManagementHelge Steenstrup appointed board member
- ManagementNick Mogensen appointed board member
20044 changesmanagement 4
- ManagementKai Salby Jensen stepped down as board member
- ManagementJohn Veje Olesen appointed ceo
- ManagementThomas Eugene Moskal stepped down as ceo
- ManagementThomas Eugene Moskal appointed ceo
20032 changesmanagement 2
- ManagementJacob Rosenhøj Jørgensen appointed director
- ManagementJens Frederik Hansen stepped down as director
20023 changescapital 1 · management 2
- CapitalShare capital changed from 10,000,000 DKK to 20,000,000 DKK
- ManagementHenrik Damm Matthiesen stepped down as deputy board member
- ManagementHenrik Aarøe Neergaard stepped down as board member
200111 changescapital 1 · management 10
- CapitalShare capital changed from 125,000 DKK to 10,000,000 DKK
- ManagementRichard Edward Reimels appointed board member
- ManagementJens Frederik Hansen appointed director
- ManagementRichard Edward Reimels stepped down as director
- ManagementTheodore V Maliszewski Jr stepped down as board member
- ManagementRichard Edward Reimels appointed director
- ManagementDavid Lee Keller appointed chair of the board
- ManagementGeoffrey Allen Heath stepped down as director
- ManagementHenrik Damm Matthiesen appointed deputy board member
- ManagementHenrik Aarøe Neergaard appointed board member
- ManagementKai Salby Jensen appointed board member
20008 changesindustry 2 · address 1 · name 1 · management 3 · ownership 1
- IndustryIndustry changed to Manufacture of agricultural and forestry machinery (283000)
- IndustryIndustry changed to Fremstilling af andre færdige metalprodukter i øvrigt (287590)
- AddressMoved to Falkevej 2, 6705 Esbjerg Ø
- NameName changed from KM 782 ApS to BABCOCK & WILCOX VØLUND ApS
- ManagementGeoffrey Allen Heath appointed director
- ManagementTheodore V Maliszewski Jr appointed board member
- ManagementBrandon C Bethards appointed board member
- OwnershipThe Babcock & Wilcox Company registered as owner (100%)
19991 changefounded 1
- FoundedRegistered as KM 782 ApS
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Same people in management
- MT Højgaard Danmark A/Svia Jette Grabow
- Semco Maritime A/Svia Martin Oehlenschlæger
- Metro Service A/Svia Jørgen Byriel
- Norisol A/Svia Jette Grabow
- WSP Danmark A/Svia Jørgen Byriel
- Gts Nordic ApSvia Jørgen Byriel
Largest in the industry
- Alfa Laval Aalborg A/SDKK 302.6m
- Skandinavisk Industrimontage A/SDKK 15.9m
- Meinertz A/S af 1962DKK 8.6m
- Ab&co - TT Boilers A/SDKK 6.4m
- Radiatordesign ApSDKK 5.7m
- Boilerworks A/SDKK 0
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.