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Composhield A/S

Public limited companyCVR 25540891HadstenActive

Composhield A/S is a public limited company, based in Hadsten, active in manufacture of military fighting vehicles, founded in 2000. Net profit rose 286% from 2024 to 2025, ending at DKK 8.5m. Profit has grown three years in a row. Equity fell to DKK 11.2m in 2025.

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Key figures · financial year 2025

Gross profitDKK 21.2m+112.7% vs. 2024
Net profitDKK 8.5m+286.4% vs. 2024
EquityDKK 11.2m−41.7% vs. 2024
Employees35latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Gross profit rose 113% (2024 → 2025), to DKK 21.2m.
  • Net profit rose 286% (2024 → 2025), to DKK 8.5m.
  • Equity fell 42% (2024 → 2025), to DKK 11.2m.

Employees

  • 3 more employees than a year earlier: 35 (08/2026) against 32 (08/2025).

Management and owners, last 24 months

  • New in management: Claus Hedegaard Eriksen (board member, 16/04/2026).
  • Stepped down: Michael Forde Ripich (board member, 12/06/2025).

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 5mDKK 10mDKK 15mDKK 20mDKK 25m202020212022202320242025
EquityNet profit
Financial figures for Composhield A/S
202020212022202320242025Change
Revenuenot statednot statednot statednot statednot statednot stated–
Gross profit22,48110,41814,0969,3869,97921,222+112.7%
Operating profit (EBIT)13,6273,3006,8361,9142,85511,299+295.8%
Profit before tax14,8953,4917,9951,8652,82610,901+285.7%
Net profit11,9602,8006,5491,4412,1998,496+286.4%
Total assets42,58028,69527,66123,54523,59926,485+12.2%
Equity26,74219,54222,09117,03219,23111,218−41.7%
Liabilities15,8389,1535,5706,5134,36815,267+249.5%
Cash and cash equivalents4,47711,5048,6094,7917,2591,130−84.4%
Average number of employees391816181525+66.7%

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 5mDKK 10mDKK 15mDKK 20m202020212022202320242025
Gross profitMedian, the industry (4 companies)

Signals from the financial statements

calculated from the 2025 figures

  • Equity fell sharply

    Equity fell 42% from 2024 to 2025 (DKK 19.2m to DKK 11.2m).

    How is this calculated?

    Equity has fallen by at least 30% from the previous annual report, and it was positive the year before.

  • 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 Composhield A/S
Financial yearPeriodPublishedFigures forDocuments
202501/01/2025 – 31/12/202516/03/2026The companyPDF not statedXBRL
202401/01/2024 – 31/12/202426/03/2025The companyPDFXBRL
202301/01/2023 – 31/12/202322/03/2024The companyPDFXBRL
202201/01/2022 – 31/12/202213/04/2023The companyPDFXBRL
202101/01/2021 – 31/12/202108/04/2022The companyPDFXBRL
202001/01/2020 – 31/12/202012/05/2021The 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
0510152025303509/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/2608/26
Employees

Position in the industry

4 companies in the database

Comparison with the other companies in manufacture of military fighting vehicles based on the latest financial year.

Gross profitDKK 21.2mNo. 2 of 4
Better than 67% of the companies in the industry
EquityDKK 11.2mNo. 4 of 4
Better than 0% of the companies in the industry
Number of employees35No. 3 of 4
Better than 33% of the companies in the industry

Industry median: gross profit DKK 18.1m, net profit DKK 7.2m, equity DKK 26.8m, 29 employees.

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. 2,597of 9,892
Better than 74%
No. 2,829of 9,922
Better than 71%
Companies that are between 15 and 29 years old24,910 companies in the comparison
No. 3,214of 24,791
Better than 87%
No. 6,277of 24,909
Better than 75%
All companies of type A/S18,025 companies in the comparison
No. 5,679of 17,786
Better than 68%
No. 8,296of 18,024
Better than 54%

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 military fighting vehicles
Gross profit
  1. Composhield A/SDKK 21.2m
  2. Sima Innovation A/SDKK 77.9m
  3. Integris Composites A/SDKK 14.9m
Net profit
  1. Composhield A/SDKK 8.5m
  2. Sima Innovation A/SDKK 42.2m
  3. Integris Composites A/SDKK 5.3m
Equity
  1. Composhield A/SDKK 11.2m
  2. Sima Innovation A/SDKK 68.9m
  3. Integris Composites A/SDKK 28.9m
Employees
  1. Composhield A/S35
  2. Sima Innovation A/S45
  3. Integris Composites A/S108

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
  • Composhield Holding ApS100%
Composhield A/S

Management

5 active registrations

Executive management

Executive management at Composhield A/S
NameRoleAppointed
Michael NørupDirector18/08/2004

Board of directors

Board of directors at Composhield A/S
NameRoleAppointed
Michael NørupBoard member15/09/2009
Kenneth mark RipichChair of the board15/09/2009
Lisette NørupBoard member15/10/2020
Claus Hedegaard EriksenBoard member16/04/2026
Founders
Giantcode A/S
Former management (21)
Former management at Composhield A/S
NameRoleAppointedResigned
John Holger AdamsenBoard member08/06/200022/05/2002
Jon LauritzenBoard member08/06/200016/03/2001
Kim KrolmarkDirector01/01/200103/10/2001
Henrik Braüner AdamsenBoard member16/03/200103/01/2002
Joacim Lars Bruus-JensenChair of the board03/01/200215/09/2009
Jens Erik Karlskov JensenBoard member03/01/200210/12/2002
Ole Steen ChristensenBoard member29/01/200307/07/2003
Jens Ole BahrBoard member07/07/200330/03/2004
Jens Ole BahrDirector07/07/200330/03/2004
Steen KibsgaardBoard member07/07/200324/05/2006
Jan Frydenriech FoghBoard member05/05/200424/08/2009
Steen KibsgaardDirector05/05/200418/08/2004
Aage Reipurth MadsenBoard member05/10/200430/06/2006
Hans Flemming Haagen JensenBoard member07/11/200430/06/2006
Per Junker ThiesgaardBoard member30/03/200515/09/2009
Torben Holger SchultzBoard member24/08/200915/09/2009
Tine Skovsgaard HornumBoard member15/09/200919/01/2011
Michael Forde RipichBoard member15/09/200912/06/2025
Terry Lee RipichBoard member15/09/200925/11/2020
Brian Robert SpitzBoard member30/04/201311/06/2019
Jan Espensen StegmannBoard member11/06/201902/06/2020

Signing rule: Selskabet tegnes af en direktør eller den samlede bestyrelse.

Address and production units

1 active production units

Tolsagervej 9
8370 Hadsten

Favrskov Municipality · Postcode 8370

Production units
Production unitAddressEmployeesP number
COMPOSHIELD A/STolsagervej 9, Langskov, 8370 Hadsten351007824005

Purpose

Selskabets formål er forskning, udvikling, fremstilling samt salg og markedsføring af materialer og beskyttelsesteknologier, udvikling af immaterielle rettigheder og know-how indenfor forretningsområdet, salg af konsulent ydelser indenfor udvikling, design, engineering og integration af komplette beskyttelsesapplikationer.

The purpose is quoted from the register in Danish.

Changes year by year

68 registered events
20262 changesmanagement 1 · accounts 1
  • Claus Hedegaard Eriksen appointed board member
  • Annual report for 2025 published
20252 changesmanagement 1 · accounts 1
  • Michael Forde Ripich stepped down as board member
  • Annual report for 2024 published
20241 changeaccounts 1
  • Annual report for 2023 published
20233 changesmerger 1 · accounts 1 · address 1
  • Merger registered in CVR
  • Annual report for 2022 published
  • Moved to Tolsagervej 9, Langskov, 8370 Hadsten
20221 changeaccounts 1
  • Annual report for 2021 published
20211 changeaccounts 1
  • Annual report for 2020 published
20205 changesmanagement 3 · ownership 2
  • Terry Lee Ripich stepped down as board member
  • Lisette Nørup appointed board member
  • COMPOSHIELD HOLDING ApS registered as owner (100%)
  • COMPOSHIELD HOLDING ApS is no longer registered as owner
  • Jan Espensen Stegmann stepped down as board member
20192 changesmanagement 2
  • Jan Espensen Stegmann appointed board member
  • Brian Robert Spitz stepped down as board member
20132 changesmanagement 1 · ownership 1
  • Brian Robert Spitz appointed board member
  • COMPOSHIELD HOLDING ApS registered as owner (90%)
20112 changesmanagement 1 · industry 1
  • Tine Skovsgaard Hornum stepped down as board member
  • Industry changed to Manufacture of military fighting vehicles (304000)
200910 changesmanagement 10
  • Tine Skovsgaard Hornum appointed board member
  • Michael Forde Ripich appointed board member
  • Kenneth mark Ripich appointed chair of the board
  • Michael Nørup appointed board member
  • Terry Lee Ripich appointed board member
  • Torben Holger Schultz stepped down as board member
  • Per Junker Thiesgaard stepped down as board member
  • Joacim Lars Bruus-Jensen stepped down as chair of the board
  • Torben Holger Schultz appointed board member
  • Jan Frydenriech Fogh stepped down as board member
20081 changeindustry 1
  • Industry changed to Manufacture of other parts and accessories for motor vehicles (293200)
20073 changesaddress 2 · industry 1
  • Moved to Møgelgårdsvej 6, 8520 Lystrup
  • Moved to Havrevænget 3, 9500 Hobro
  • Industry changed to Fremstilling af dele og tilbehør til motorkøretøjer (343000)
20064 changescapital 1 · management 3
  • Share capital changed from 500,000 DKK to 1,000,000 DKK
  • Hans Flemming Haagen Jensen stepped down as board member
  • Aage Reipurth Madsen stepped down as board member
  • Steen Kibsgaard stepped down as board member
20051 changemanagement 1
  • Per Junker Thiesgaard appointed board member
20049 changesaddress 1 · management 8
  • Moved to Havrevænget 3, 9500 Hobro
  • Hans Flemming Haagen Jensen appointed board member
  • Aage Reipurth Madsen appointed board member
  • Michael Nørup appointed director
  • Steen Kibsgaard stepped down as director
  • Steen Kibsgaard appointed director
  • Jan Frydenriech Fogh appointed board member
  • Jens Ole Bahr stepped down as director
  • Jens Ole Bahr stepped down as board member
20036 changesmanagement 5 · industry 1
  • Steen Kibsgaard appointed board member
  • Jens Ole Bahr appointed director
  • Jens Ole Bahr appointed board member
  • Ole Steen Christensen stepped down as board member
  • Ole Steen Christensen appointed board member
  • Industry changed to Forskning og udvikling inden for naturvidenskab og teknik (731000)
20025 changesmanagement 5
  • Jens Erik Karlskov Jensen stepped down as board member
  • John Holger Adamsen stepped down as board member
  • Jens Erik Karlskov Jensen appointed board member
  • Joacim Lars Bruus-Jensen appointed chair of the board
  • Henrik Braüner Adamsen stepped down as board member
20014 changesmanagement 4
  • Kim Krolmark stepped down as director
  • Henrik Braüner Adamsen appointed board member
  • Jon Lauritzen stepped down as board member
  • Kim Krolmark appointed director
20004 changesname 1 · founded 1 · management 2
  • Name changed from GIANTCODE PROTECTION A/S to COMPOSHIELD A/S
  • Registered as GIANTCODE PROTECTION A/S
  • John Holger Adamsen appointed board member
  • Jon Lauritzen appointed board member

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Same people in management

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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.

View in CVRReport a correction