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Belman A/S

Public limited companyCVR 17694235Esbjerg NActive

Belman A/S is a public limited company, based in Esbjerg N, active in manufacture of tubes, pipes, hollow profiles and related fittings, of steel, founded in 1994. Net profit fell 13% from 2024 to 2025, ending at DKK 25.5m. Measured by gross profit, it ranks no. 3 of 27 companies in the industry in the database. With 101 employees, the company is about 10 times larger than the industry median.

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Key figures · financial year 2025

Gross profitDKK 88.9m−3.9% vs. 2024
Net profitDKK 25.5m−13.4% vs. 2024
EquityDKK 60.6m−3.5% vs. 2024
Employees101latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Gross profit fell 4% (2024 → 2025), to DKK 88.9m.
  • Net profit fell 13% (2024 → 2025), to DKK 25.5m.
  • Equity fell 3% (2024 → 2025), to DKK 60.6m.

Employees

  • 2 more employees than a year earlier: 101 (08/2026) against 99 (08/2025).

Management and owners, last 24 months

  • New in management: Jacob van der Star Mou (board member, 02/02/2026), Dan Jonas Halvord (board member, 02/02/2026) and Gerd Dieter Ruhland (chair of the board, 02/02/2026) (+2).
  • Stepped down: Henrik Mou (board member, 02/02/2026), Christian Mou (board member, 02/02/2026) and Jacob van der Star Mou (chair of the board, 01/02/2026).
  • New owners registered: Indutrade Aktiebolag (02/02/2026).
  • No longer registered as owner: Mou Holding ApS (02/02/2026).

Registrations, last 24 months

  • 01/01/2025: Industry changed to Manufacture of tubes, pipes, hollow profiles and related fittings, of steel (242000)

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 0DKK 10mDKK 20mDKK 30mDKK 40mDKK 50mDKK 60m202020212022202320242025
EquityNet profit
Financial figures for Belman A/S
202020212022202320242025Change
Revenuenot statednot statednot statednot statednot statednot stated–
Gross profit76,45263,05167,89491,58992,53188,930−3.9%
Operating profit (EBIT)23,44611,10315,44832,42432,71328,321−13.4%
Profit before tax22,48910,55012,05635,04936,78931,909−13.3%
Net profit17,4308,1588,73827,99929,51725,548−13.4%
Total assets66,47663,07466,37089,51286,49386,553+0.1%
Equity41,09834,48538,17460,24462,77560,601−3.5%
Liabilities25,32927,75322,99125,31322,07424,611+11.5%
Cash and cash equivalents22,91913,99211,61333,11224,36716,893−30.7%
Average number of employees958782828589+4.7%

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. 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 20mDKK 40mDKK 60mDKK 80mDKK 100m202020212022202320242025
Gross profitMedian, the industry (27 companies)

Signals from the financial statements

calculated from the 2025 figures

  • Profit 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
Annual reports for Belman A/S
Financial yearPeriodPublishedFigures forDocuments
202501/10/2024 – 30/09/202529/01/2026The companyPDF not statedXBRL
202401/10/2023 – 30/09/202402/01/2025The companyPDFXBRL
202301/10/2022 – 30/09/202304/01/2024The companyPDFXBRL
202201/10/2021 – 30/09/202208/02/2023The companyPDFXBRL
202101/10/2020 – 30/09/202122/02/2022The companyPDFXBRL
202001/10/2019 – 30/09/202017/02/2021The 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
02040608010009/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/2608/26
Employees

Position in the industry

27 companies in the database

Comparison with the other companies in manufacture of tubes, pipes, hollow profiles and related fittings, of steel based on the latest financial year.

Gross profitDKK 88.9mNo. 3 of 27
Better than 92% of the companies in the industry
EquityDKK 60.6mNo. 3 of 27
Better than 92% of the companies in the industry
Number of employees101No. 3 of 27
Better than 92% of the companies in the industry

Industry median: gross profit DKK 5.4m, net profit DKK 380k, equity DKK 2.4m, 10 employees.

DKK 100kDKK 683kDKK 4.7mDKK 31.8mDKK 114.4mHere
Distribution of gross profit for 26 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. 814of 4,412
Better than 82%
No. 1,042of 4,466
Better than 77%
Companies that are at least 30 years old10,276 companies in the comparison
No. 934of 10,152
Better than 91%
No. 1,783of 10,275
Better than 83%
All companies of type A/S18,025 companies in the comparison
No. 1,746of 17,786
Better than 90%
No. 3,177of 18,024
Better than 82%

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 tubes, pipes, hollow profiles and related fittings, of steel
Gross profit
  1. Belman A/SDKK 88.9m
  2. Blücher Metal A/SDKK 217m
  3. Jkf Industri A/SDKK 105.1m
Net profit
  1. Belman A/SDKK 25.5m
  2. Blücher Metal A/SDKK 86.4m
  3. Jkf Industri A/SDKK 14.1m
Equity
  1. Belman A/SDKK 60.6m
  2. Blücher Metal A/SDKK 412m
  3. Jkf Industri A/SDKK 136.1m
Employees
  1. Belman A/S101
  2. Blücher Metal A/S310
  3. Jkf Industri A/S182

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
  • Indutrade Aktiebolag100%
Belman A/S

Management

6 active registrations

Executive management

Executive management at Belman A/S
NameRoleAppointed
Rolf RasmussenDirector12/02/1999

Board of directors

Board of directors at Belman A/S
NameRoleAppointed
Jacob van der Star MouBoard member02/02/2026
Dan Jonas HalvordBoard member02/02/2026
Gerd Dieter RuhlandChair of the board02/02/2026
Per LidströmBoard member02/02/2026
Gustav Sebastian HelldénBoard member22/04/2026
Founders
Mou Holding ApS
Former management (9)
Former management at Belman A/S
NameRoleAppointedResigned
Mogens Carl PræstDirector05/04/199402/12/1997
Anders SteenstrupBoard member05/04/199429/01/2016
Agner Bruhn MouDirector02/12/199712/02/1999
Henrik MouBoard member12/02/199902/02/2026
Christian MouBoard member16/01/200402/02/2026
Lise Birgitte MouBoard member15/04/200531/01/2011
Agner Bruhn MouBoard member31/01/201129/01/2016
Jacob van der Star MouChair of the board31/01/201101/02/2026
Geert NoerBoard member09/02/201113/10/2014

Signing rule: Selskabet tegnes af 1 direktør i forening med et bestyrelsesmedlem eller af 2 bestyrelsesmedlemmer i forening

Address and production units

1 active production units

Oddesundvej 18
6715 Esbjerg N

Esbjerg Municipality · Postcode 6715

Production units
Production unitAddressEmployeesP number
BELMAN A/SOddesundvej 18, 6715 Esbjerg N1011001340581

Purpose

Selskabets formål er produktion og handel.

The purpose is quoted from the register in Danish.

Changes year by year

48 registered events
202611 changesmanagement 8 · ownership 2 · accounts 1
  • Gustav Sebastian Helldén appointed board member
  • Per Lidström appointed board member
  • Gerd Dieter Ruhland appointed chair of the board
  • Dan Jonas Halvord appointed board member
  • Jacob van der Star Mou appointed board member
  • Christian Mou stepped down as board member
  • Henrik Mou stepped down as board member
  • Indutrade Aktiebolag registered as owner (100%)
  • MOU HOLDING ApS is no longer registered as owner
  • Jacob van der Star Mou stepped down as chair of the board
  • Annual report for 2025 published
20252 changesaccounts 1 · industry 1
  • Annual report for 2024 published
  • Industry changed to Manufacture of tubes, pipes, hollow profiles and related fittings, of steel (242000)
20241 changeaccounts 1
  • Annual report for 2023 published
20233 changesownership 2 · accounts 1
  • MOU HOLDING ApS registered as owner (100%)
  • MOU INDUSTRIES A/S is no longer registered as owner
  • Annual report for 2022 published
20221 changeaccounts 1
  • Annual report for 2021 published
20211 changeaccounts 1
  • Annual report for 2020 published
20183 changesownership 3
  • Jacob van der Star Mou is no longer registered as owner
  • Henrik Mou is no longer registered as owner
  • Christian Mou is no longer registered as owner
20162 changesmanagement 2
  • Agner Bruhn Mou stepped down as board member
  • Anders Steenstrup stepped down as board member
20142 changesmanagement 1 · industry 1
  • Geert Noer stepped down as board member
  • Industry changed to Manufacture of other fabricated metal products n.e.c. (259900)
20121 changename 1
  • Name changed from BELMAN PRODUCTION A/S to BELMAN A/S
20114 changesmanagement 4
  • Geert Noer appointed board member
  • Jacob van der Star Mou appointed chair of the board
  • Agner Bruhn Mou appointed board member
  • Lise Birgitte Mou stepped down as board member
20081 changeindustry 1
  • Industry changed to Manufacture of other pumps and compressors (281300)
20061 changeindustry 1
  • Industry changed to Fremstilling af jern- og stålrør (undtagen støbte rør) (272200)
20051 changemanagement 1
  • Lise Birgitte Mou appointed board member
20041 changemanagement 1
  • Christian Mou appointed board member
20031 changeaddress 1
  • Moved to Oddesundvej 18, 6715 Esbjerg N
20004 changesownership 4
  • Henrik Mou registered as owner (33.33%)
  • Christian Mou registered as owner (33.33%)
  • Jacob van der Star Mou registered as owner (33.33%)
  • MOU INDUSTRIES A/S registered as owner (100%)
19993 changesmanagement 3
  • Rolf Rasmussen appointed director
  • Henrik Mou appointed board member
  • Agner Bruhn Mou stepped down as director
19972 changesmanagement 2
  • Agner Bruhn Mou appointed director
  • Mogens Carl Præst stepped down as director
19943 changesfounded 1 · management 2
  • Registered as BELMAN PRODUCTION A/S
  • Mogens Carl Præst appointed director
  • Anders Steenstrup appointed board member

Related companies

Same industry in Esbjerg

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.

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