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Cebreo Medical A/S

Public limited companyCVR 36965002AllerødActive

Cebreo Medical A/S is a public limited company, based in Allerød, active in manufacture of irradiation, electromedical and electrotherapeutic equipment, founded in 2015. Equity was negative at the end of 2025 (−DKK 92.7m). The company made a loss in both 2024 and 2025, most recently DKK 70.3m. With 32 employees, the company is about 4 times larger than the industry median.

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Key figures · financial year 2025

Gross profit−DKK 18.6m+13.1% vs. 2024
Net profit−DKK 70.3m−91.2% vs. 2024
Equity−DKK 92.7m−315.2% vs. 2024
Employees32latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • The loss grew: from DKK 36.8m to DKK 70.3m (2024 → 2025).

Employees

  • 5 more employees than a year earlier: 32 (07/2026) against 27 (07/2025).

Management and owners, last 24 months

  • New in management: Rasmus Elsborg Madsen (ceo, 01/11/2024), Richard Tøpholm (director, 01/11/2024) and Lene Ploug Bülow (board member, 28/03/2025).
  • Stepped down: Richard Tøpholm (ceo, 31/10/2024) and Henrik Skak Bender (board member, 28/03/2025).

Registrations, last 24 months

  • 18/06/2025: Industry changed to Manufacture of irradiation, electromedical and electrotherapeutic equipment (266090)
  • 18/06/2025: Name changed from T&W Engineering A/S to Cebreo Medical A/S
  • 01/01/2025: Industry changed to Research and experimental development on natural sciences and engineering (721000)

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 100m−DKK 80m−DKK 60m−DKK 40m−DKK 20mDKK 0DKK 20m202020212022202320242025
EquityNet profit
Financial figures for Cebreo Medical A/S
202020212022202320242025Change
Revenuenot statednot statednot statednot statednot statednot stated–
Gross profit−1,630−7,990−8,334−20,456−21,339−18,551+13.1%
Operating profit (EBIT)−14,600−19,014−23,839−41,849−46,764−43,983+5.9%
Profit before tax−14,389−18,771−24,378−42,566−48,023−46,908+2.3%
Net profit−11,021−14,434−18,450−32,553−36,800−70,346−91.2%
Total assets25,61514,37418,95123,62333,4976,223−81.4%
Equity3,256−9,27814,40314,481−22,319−92,665−315.2%
Liabilities22,31723,6524,5489,14255,81698,888+77.2%
Cash and cash equivalents3,3753,9071,5031,0923,684967−73.8%
Average number of employees2922232727270%

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 25m−DKK 20m−DKK 15m−DKK 10m−DKK 5mDKK 0DKK 5m202020212022202320242025
Gross profitMedian, the industry (29 companies)

Signals from the financial statements

calculated from the 2025 figures

  • Negative equity

    Equity was −DKK 92.7m at the end of 2025.

    How is this calculated?

    Equity in the latest annual report is below zero.

  • Loss for 6 years in a row

    Net result has been negative in 2020–2025.

    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
Annual reports for Cebreo Medical A/S
Financial yearPeriodPublishedFigures forDocuments
202501/10/2024 – 30/09/202511/03/2026The companyPDF not statedXBRL
202401/10/2023 – 30/09/202402/04/2025The companyPDFXBRL
202301/10/2022 – 30/09/202320/03/2024The companyPDFXBRL
202201/10/2021 – 30/09/202208/03/2023The companyPDFXBRL
202101/10/2020 – 30/09/202128/02/2022The companyPDFXBRL
202001/10/2019 – 30/09/202001/03/2021The 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
0510152025303508/2309/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/26
Employees

Position in the industry

29 companies in the database

Comparison with the other companies in manufacture of irradiation, electromedical and electrotherapeutic equipment based on the latest financial year.

Gross profit−DKK 18.6mNo. 29 of 29
Better than 0% of the companies in the industry
Equity−DKK 92.7mNo. 29 of 29
Better than 0% of the companies in the industry
Number of employees32No. 8 of 29
Better than 75% of the companies in the industry

Industry median: gross profit DKK 4.1m, net profit −DKK 19,595, equity DKK 4.9m, 8 employees.

DKK 300kDKK 1.9mDKK 12.7mDKK 82.4mDKK 286.8m
Distribution of gross profit for 24 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 20–49 employees9,922 companies in the comparison
No. 9,862of 9,892
Better than 0%
No. 9,900of 9,922
Better than 0%
Companies that are between 5 and 14 years old33,688 companies in the comparison
No. 33,544of 33,588
Better than 0%
No. 33,641of 33,687
Better than 0%
All companies of type A/S18,025 companies in the comparison
No. 17,728of 17,786
Better than 0%
No. 17,982of 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 irradiation, electromedical and electrotherapeutic equipment
Gross profit
  1. Cebreo Medical A/S−DKK 18.6m
  2. Ellab A/SDKK 535.3m
  3. Interacoustics A/SDKK 323.8m
Net profit
  1. Cebreo Medical A/S−DKK 70.3m
  2. Ellab A/SDKK 28.1m
  3. Interacoustics A/SDKK 189.8m
Equity
  1. Cebreo Medical A/S−DKK 92.7m
  2. Ellab A/SDKK 2.5bn
  3. Interacoustics A/SDKK 792.2m
Employees
  1. Cebreo Medical A/S32
  2. Ellab A/S242
  3. Interacoustics A/S204

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
Cebreo Medical A/S

Management

8 active registrations

Executive management

Executive management at Cebreo Medical A/S
NameRoleAppointed
Rasmus Elsborg MadsenCEO01/11/2024
Richard TøpholmDirector01/11/2024

Board of directors

Board of directors at Cebreo Medical A/S
NameRoleAppointed
Lars NørgaardBoard member15/07/2015
Jan TøpholmBoard member15/07/2015
Søren Erik WestermannBoard member09/08/2023
Adam WestermannBoard member09/08/2023
Julian TøpholmChair of the board09/08/2023
Lene Ploug BülowBoard member28/03/2025
Founders
T&W Medical A/S
Former management (3)
Former management at Cebreo Medical A/S
NameRoleAppointedResigned
Søren Erik WestermannChair of the board15/07/201508/08/2023
Richard TøpholmCEO15/07/201531/10/2024
Henrik Skak BenderBoard member15/07/201528/03/2025

Signing rule: Selskabet tegnes af to bestyrelsesmedlemmer i forening eller af et bestyrelsesmedlem i forening med en direktør.

Address and production units

1 active production units

Borupvang 2
3450 Allerød

Allerød Municipality · Postcode 3450

Other companies at the address (3)

Production units
Production unitAddressEmployeesP number
Cebreo Medical A/SBorupvang 2, 3450 Allerød331020576223

Purpose

Selskabets formål er at udvikle, producere og kommercialisere medicinsk udstyr, software og serviceydelser samt al hermed beslægtet virksomhed.

The purpose is quoted from the register in Danish.

Changes year by year

28 registered events
20261 changeaccounts 1
  • Annual report for 2025 published
20256 changesname 1 · industry 2 · accounts 1 · management 2
  • Name changed from T&W Engineering A/S to Cebreo Medical A/S
  • Industry changed to Manufacture of irradiation, electromedical and electrotherapeutic equipment (266090)
  • Annual report for 2024 published
  • Lene Ploug Bülow appointed board member
  • Henrik Skak Bender stepped down as board member
  • Industry changed to Research and experimental development on natural sciences and engineering (721000)
20244 changesmanagement 3 · accounts 1
  • Rasmus Elsborg Madsen appointed ceo
  • Richard Tøpholm appointed director
  • Richard Tøpholm stepped down as ceo
  • Annual report for 2023 published
20235 changesmanagement 4 · accounts 1
  • Søren Erik Westermann appointed board member
  • Adam Westermann appointed board member
  • Julian Tøpholm appointed chair of the board
  • Søren Erik Westermann stepped down as chair of the board
  • Annual report for 2022 published
20221 changeaccounts 1
  • Annual report for 2021 published
20212 changesaddress 1 · accounts 1
  • Moved to Borupvang 2, 3450 Allerød
  • Annual report for 2020 published
20201 changeindustry 1
  • Industry changed to Anden forskning og eksperimentel udvikling inden for naturvidenskab og teknik (721900)
20158 changesaddress 1 · founded 1 · management 5 · ownership 1
  • Moved to Nymøllevej 6, 3540 Lynge
  • Registered as T&W Engineering A/S
  • Henrik Skak Bender appointed board member
  • Richard Tøpholm appointed ceo
  • Lars Nørgaard appointed board member
  • Jan Tøpholm appointed board member
  • Søren Erik Westermann appointed chair of the board
  • T&W Medical A/S registered as owner (100%)

Related companies

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

View in CVRReport a correction