Bang & Olufsen Danmark A/S
Public limited companyCVR 27126898StruerActive
Bang & Olufsen Danmark A/S is a public limited company, based in Struer, active in wholesale of radio, television, photographic and optical goods, founded in 2003. Net profit rose 112% from 2024 to 2025, ending at DKK 3.7m. Measured by gross profit, it ranks no. 9 of 87 companies in the industry in the database. Operations are spread over 6 production units in 5 towns.
Key figures · financial year 2025
RevenueDKK 159.3m+2.6% vs. 2024
Net profitDKK 3.7m+111.9% vs. 2024
EquityDKK 17.1m−27% vs. 2024
Employees44latest month from CVR
What has changed
calculated from recorded figures and datesFinancials: 2025 against 2024
- Gross profit rose 2% (2024 → 2025), to DKK 44m.
- Revenue rose 3% (2024 → 2025), to DKK 159.3m.
- Net profit rose 112% (2024 → 2025), to DKK 3.7m.
- Equity fell 27% (2024 → 2025), to DKK 17.1m.
Employees
- 6 more employees than a year earlier: 44 (08/2026) against 38 (08/2025).
Management and owners, last 24 months
- New in management: Heidi Winkler (ceo, 01/07/2025), Kristine Green Møller (board member, 15/05/2026) and Nikolaj Wendelboe (chair of the board, 15/05/2026).
- Stepped down: Line Køhler Ljungdahl (chair of the board, 15/05/2026), Nikolaj Wendelboe (board member, 14/05/2026) and Jesper Hejselbæk (ceo, 01/07/2025).
Registrations, last 24 months
- 01/01/2025: Industry changed to Wholesale of radio, television, photographic and optical goods (464320)
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 | 149,475 | 211,419 | 217,475 | 162,608 | 155,274 | 159,339 | +2.6% |
| Gross profit | 28,210 | 33,376 | 36,531 | 39,122 | 42,994 | 43,965 | +2.3% |
| Operating profit (EBIT) | 4,305 | 4,317 | 7,571 | 4,634 | 4,658 | 5,737 | +23.2% |
| Profit before tax | 3,903 | – | 6,540 | 2,509 | 2,570 | 3,869 | +50.5% |
| Net profit | 1,685 | 3,396 | 5,897 | 2,832 | 1,735 | 3,677 | +111.9% |
| Total assets | 42,090 | 93,996 | 141,170 | 103,571 | 110,416 | 92,204 | −16.5% |
| Equity | 19,601 | 22,963 | 28,860 | 31,692 | 23,427 | 17,104 | −27% |
| Liabilities | 22,489 | 71,033 | 112,310 | 71,879 | 86,989 | 75,100 | −13.7% |
| Cash and cash equivalents | – | 35,451 | 116,228 | 67,705 | 65,617 | 208 | −99.7% |
| Average number of employees | 16 | 21 | 22 | 27 | 28 | 31 | +10.7% |
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 figuresProfit for five years in a row
Net result has been positive in 2021–2025.
How is this calculated?
Net result is positive in the five 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 | 01/06/2024 – 31/05/2025 | 09/12/2025 | The company | PDF not statedXBRL |
| 2024 | 01/06/2023 – 31/05/2024 | 19/11/2024 | The company | PDFXBRL |
| 2023 | 01/06/2022 – 31/05/2023 | 14/11/2023 | The company | PDFXBRL |
| 2022 | 01/06/2021 – 31/05/2022 | 15/11/2022 | The company | PDF not statedXBRL |
| 2021 | 01/06/2020 – 31/05/2021 | 05/11/2021 | The company | PDFXBRL |
| 2020 | 01/06/2019 – 31/05/2020 | 05/11/2020 | 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
87 companies in the databaseComparison with the other companies in wholesale of radio, television, photographic and optical goods based on the latest financial year.
Gross profitDKK 44mNo. 9 of 87
Better than 91% of the companies in the industry
EquityDKK 17.1mNo. 18 of 87
Better than 80% of the companies in the industry
Number of employees44No. 12 of 87
Better than 87% of the companies in the industry
Industry median: gross profit DKK 3.8m, net profit DKK 455k, equity DKK 4.6m, 6 employees.
Compared with similar companies
size, age and company form| Group | Gross profit | Equity |
|---|---|---|
| Companies with 20–49 employees9,922 companies in the comparison | No. 583of 9,892 Better than 94% | No. 2,010of 9,922 Better than 80% |
| Same industry and 20–49 employees12 companies in the comparison | No. 3of 12 Better than 82% | No. 6of 12 Better than 55% |
| Companies that are between 15 and 29 years old24,910 companies in the comparison | No. 1,630of 24,791 Better than 93% | No. 4,889of 24,909 Better than 80% |
| All companies of type A/S18,025 companies in the comparison | No. 3,259of 17,786 Better than 82% | No. 6,734of 18,024 Better than 63% |
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
Wholesale of radio, television, photographic and optical goodsGross profit
- Bang & Olufsen Danmark A/SDKK 44m
- Harman Professional Denmark ApSDKK 327.2m
- HiFi Klubben International A/SDKK 266.1m
Net profit
- Bang & Olufsen Danmark A/SDKK 3.7m
- Harman Professional Denmark ApS−DKK 280.9m
- HiFi Klubben International A/SDKK 40.7m
Equity
- Bang & Olufsen Danmark A/SDKK 17.1m
- Harman Professional Denmark ApSDKK 114.9m
- HiFi Klubben International A/SDKK 122.9m
Employees
- Bang & Olufsen Danmark A/S44
- Harman Professional Denmark ApS126
- HiFi Klubben International A/S124
Latest financial year per company. Choose up to three companies from the largest in the industry.
Owners and group
from the Public Ownership RegisterBang & Olufsen Danmark A/S
Management
4 active registrationsExecutive management
| Name | Role | Appointed |
|---|---|---|
| Heidi Winkler | CEO | 01/07/2025 |
Board of directors
| Name | Role | Appointed |
|---|---|---|
| Eli Ivan Hornstrup | Board member | 31/03/2019 |
| Kristine Green Møller | Board member | 15/05/2026 |
| Nikolaj Wendelboe | Chair of the board | 15/05/2026 |
- Founders
- Bang & Olufsen Audio Visual A/S
Former management (24)
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| Lars Kirstein Andersen | CEO | 23/04/2003 | 15/06/2007 |
| Torben Ballegaard Sørensen | Chair of the board | 23/04/2003 | 10/01/2008 |
| John Christian Bennett-Therkildsen | Board member | 23/04/2003 | 31/07/2013 |
| Carsten Schulz Sander | CEO | 15/06/2007 | 01/09/2009 |
| Kim Hyldahl Hansen | Board member | 11/01/2008 | 01/03/2015 |
| Peter Degnboel Thostrup | Chair of the board | 11/01/2008 | 26/09/2008 |
| Karl Kristian Nielsen | Chair of the board | 26/09/2008 | 28/02/2011 |
| Niels Erik Haug-Larsen | CEO | 01/09/2009 | 22/11/2011 |
| Tue Mantoni | Chair of the board | 01/03/2011 | 31/07/2013 |
| Lars Flyvholm | CEO | 22/11/2011 | 19/09/2012 |
| Christoffer Østergaard Poulsen | CEO | 19/09/2012 | 30/09/2016 |
| Lars Flyvholm | Chair of the board | 31/07/2013 | 01/06/2015 |
| Mogens Elbrønd Pedersen | Board member | 31/07/2013 | 01/03/2015 |
| Line Køhler Ljungdahl | Board member | 01/03/2015 | 31/05/2015 |
| Brian Bo Nielsen | Board member | 01/03/2015 | 09/05/2018 |
| Line Køhler Ljungdahl | Chair of the board | 01/06/2015 | 15/05/2026 |
| Martin Dyrby Svanholm | Board member | 01/06/2015 | 13/11/2018 |
| Lars Hardboe Galsgaard | CEO | 30/09/2016 | 16/08/2017 |
| Mads Hummelmose | CEO | 16/08/2017 | 19/11/2018 |
| Malene Richter Christensen | Board member | 09/05/2018 | 28/10/2019 |
| Andreas Kaalund Møballe | Board member | 13/11/2018 | 31/03/2019 |
| Claus Højmark Jensen | CEO | 19/11/2018 | 17/12/2020 |
| Nikolaj Wendelboe | Board member | 28/10/2019 | 14/05/2026 |
| Jesper Hejselbæk | CEO | 17/12/2020 | 01/07/2025 |
Signing rule: Selskabet tegnes af formanden sammen med et andet bestyrelsesmedlem eller en direktør, af to medlemmer af bestyrelsen sammen med en direktør, eller af to direktører i forening.
Address and production units
6 active production unitsBang og Olufsen Allé 1
7600 Struer
Struer Municipality · Postcode 7600
Other companies at the address (3)
- Bang & Olufsen A/SResearch and experimental development on natural sciences and engineering
- Bang & Olufsen Operations A/SManufacture of consumer electronics
- B&o Play A/SWholesale of radio, television, photographic and optical goods
| Production unit | Address | Employees | P number |
|---|---|---|---|
| BANG & OLUFSEN DANMARK A/S - Lyngby | Gammel Lundtoftevej 1B, 2800 Kgs.Lyngby | 13 | 1009834687 |
| Bang & Olufsen CPH Airport | Lufthavnsboulevarden 6, 2770 Kastrup | 13 | 1025513920 |
| Bang & Olufsen Copenhagen City | Østergade 18, 1100 København K | 9 | 1026917839 |
| BANG & OLUFSEN DANMARK A/S(Fabrik 4) | Bang og Olufsen Allé 1, 7600 Struer | 7 | 1021481579 |
| BANG & OLUFSEN DANMARK A/S - Lyngby 2 | Gammel Lundtoftevej 7, 2800 Kongens Lyngby | 1 | 1024401215 |
| BANG & OLUFSEN DANMARK A/S(Fabrik 5) | Bang og Olufsen Allé 3, 7600 Struer | 1 | 1021481587 |
Purpose
Selskabets formål er at udøve handels-, industri-, udviklings-, holding- og investeringsvirksomhed. Selskabet kan endvidere udøve anden virksomhed, der efter bestyrelsens skøn måtte være formålstjenlig.
The purpose is quoted from the register in Danish.
Changes year by year
64 registered events82015
22016
22017
82018
42019
32020
12021
12022
12023
12024
42025
42026
20264 changesmanagement 4
- ManagementNikolaj Wendelboe appointed chair of the board
- ManagementKristine Green Møller appointed board member
- ManagementLine Køhler Ljungdahl stepped down as chair of the board
- ManagementNikolaj Wendelboe stepped down as board member
20254 changesaccounts 1 · management 2 · industry 1
- AccountsAnnual report for 2025 published
- ManagementHeidi Winkler appointed ceo
- ManagementJesper Hejselbæk stepped down as ceo
- IndustryIndustry changed to Wholesale of radio, television, photographic and optical goods (464320)
20241 changeaccounts 1
- AccountsAnnual report for 2024 published
20231 changeaccounts 1
- AccountsAnnual report for 2023 published
20221 changeaccounts 1
- AccountsAnnual report for 2022 published
20211 changeaccounts 1
- AccountsAnnual report for 2021 published
20203 changesmanagement 2 · accounts 1
- ManagementJesper Hejselbæk appointed ceo
- ManagementClaus Højmark Jensen stepped down as ceo
- AccountsAnnual report for 2020 published
20194 changesmanagement 4
- ManagementNikolaj Wendelboe appointed board member
- ManagementMalene Richter Christensen stepped down as board member
- ManagementEli Ivan Hornstrup appointed board member
- ManagementAndreas Kaalund Møballe stepped down as board member
20188 changesaddress 2 · management 6
- AddressMoved to Bang og Olufsen Allé 1, 7600 Struer
- AddressMoved to Bang og Olufsen Allé 1, 7600 Struer
- ManagementClaus Højmark Jensen appointed ceo
- ManagementMads Hummelmose stepped down as ceo
- ManagementAndreas Kaalund Møballe appointed board member
- ManagementMartin Dyrby Svanholm stepped down as board member
- ManagementMalene Richter Christensen appointed board member
- ManagementBrian Bo Nielsen stepped down as board member
20172 changesmanagement 2
- ManagementMads Hummelmose appointed ceo
- ManagementLars Hardboe Galsgaard stepped down as ceo
20162 changesmanagement 2
- ManagementLars Hardboe Galsgaard appointed ceo
- ManagementChristoffer Østergaard Poulsen stepped down as ceo
20158 changesmanagement 8
- ManagementLine Køhler Ljungdahl appointed chair of the board
- ManagementMartin Dyrby Svanholm appointed board member
- ManagementLars Flyvholm stepped down as chair of the board
- ManagementLine Køhler Ljungdahl stepped down as board member
- ManagementBrian Bo Nielsen appointed board member
- ManagementLine Køhler Ljungdahl appointed board member
- ManagementMogens Elbrønd Pedersen stepped down as board member
- ManagementKim Hyldahl Hansen stepped down as board member
20134 changesmanagement 4
- ManagementLars Flyvholm appointed chair of the board
- ManagementMogens Elbrønd Pedersen appointed board member
- ManagementTue Mantoni stepped down as chair of the board
- ManagementJohn Christian Bennett-Therkildsen stepped down as board member
20122 changesmanagement 2
- ManagementChristoffer Østergaard Poulsen appointed ceo
- ManagementLars Flyvholm stepped down as ceo
20114 changesmanagement 4
- ManagementLars Flyvholm appointed ceo
- ManagementNiels Erik Haug-Larsen stepped down as ceo
- ManagementTue Mantoni appointed chair of the board
- ManagementKarl Kristian Nielsen stepped down as chair of the board
20092 changesmanagement 2
- ManagementNiels Erik Haug-Larsen appointed ceo
- ManagementCarsten Schulz Sander stepped down as ceo
20085 changesmanagement 5
- ManagementKarl Kristian Nielsen appointed chair of the board
- ManagementPeter Degnboel Thostrup stepped down as chair of the board
- ManagementKim Hyldahl Hansen appointed board member
- ManagementPeter Degnboel Thostrup appointed chair of the board
- ManagementTorben Ballegaard Sørensen stepped down as chair of the board
20072 changesmanagement 2
- ManagementCarsten Schulz Sander appointed ceo
- ManagementLars Kirstein Andersen stepped down as ceo
20036 changescapital 1 · founded 1 · management 3 · ownership 1
- CapitalShare capital changed from 500,000 DKK to 3,000,000 DKK
- FoundedRegistered as BANG & OLUFSEN DANMARK A/S
- ManagementTorben Ballegaard Sørensen appointed chair of the board
- ManagementJohn Christian Bennett-Therkildsen appointed board member
- ManagementLars Kirstein Andersen appointed ceo
- OwnershipBANG & OLUFSEN OPERATIONS A/S registered as owner (100%)
Related companies
Same people in management
- Vestas Wind Systems A/Svia Torben Ballegaard Sørensen
- Aktieselskabet Th. Wessel & Vett. Magasin Du Nordvia Peter Degnboel Thostrup
- Grundfos A/Svia John Christian Bennett-Therkildsen
- Legoland ApSvia Torben Ballegaard Sørensen
- Pandora A/Svia Torben Ballegaard Sørensen
- GoCollective Bus A/Svia Nikolaj Wendelboe
Largest in the industry
- Harman Professional Denmark ApSDKK 327.2m
- HiFi Klubben International A/SDKK 266.1m
- Dali A/SDKK 125.3m
- Universal Music A/SDKK 90.9m
- Denver A/SDKK 83.9m
- Phase One A/SDKK 68.8m
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.