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Connovate ApS

Private limited companyCVR 33378092Aarhus CActive

Connovate ApS is a private limited company, based in Aarhus C, active in wholesale of wood, construction materials and sanitary equipment, founded in 2010. Equity was negative at the end of 2025 (−DKK 11.6m). The company made a loss in both 2024 and 2025, most recently DKK 8.4m.

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Key figures · financial year 2025

Gross profit−DKK 4.1m−5.8% vs. 2024
Net profit−DKK 8.4m−6.3% vs. 2024
Equity−DKK 11.6m−268% vs. 2024
Employees2latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • The loss grew: from DKK 7.9m to DKK 8.4m (2024 → 2025).

Employees

  • 2 fewer employees than a year earlier: 2 (08/2026) against 4 (08/2025).

Management and owners, last 24 months

  • New in management: Jacob Wernberg (board member, 10/02/2025), Torben Enggaard (chair of the board, 02/03/2026) and Rune Hyllested (board member, 02/03/2026) (+1).
  • Stepped down: Torben Enggaard (board member, 01/03/2026), Karsten Bro (ceo, 06/10/2026) and Kim Risager (chair of the board, 02/03/2026) (+1).
  • New owners registered: Ambercon Holding ApS (03/03/2026).
  • No longer registered as owner: Pankon ApS (03/03/2026) and Ambercon Holding ApS (02/03/2026).

Registrations, last 24 months

  • 01/01/2025: Industry changed to Wholesale of wood, construction materials and sanitary equipment (468300)

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 12m−DKK 10m−DKK 8m−DKK 6m−DKK 4m−DKK 2mDKK 0DKK 2mDKK 4mDKK 6m202020212022202320242025
EquityNet profit
Financial figures for Connovate ApS
202020212022202320242025Change
Revenuenot statednot statednot statednot statednot statednot stated–
Gross profit572−1,472−1,142−2,281−3,896−4,124−5.8%
Operating profit (EBIT)−3,384−3,746−4,848−5,733−7,642−7,788−1.9%
Profit before tax−3,587−3,825−4,970––––
Net profit−3,619−3,825−4,970−6,056−7,913−8,415−6.3%
Total assets7,9789,2625,4709,1025,5494,976−10.3%
Equity4,6746,2991,3294,773−3,140−11,555−268%
Liabilities3,3052,9634,1414,3298,68816,530+90.3%
Cash and cash equivalents201111+2.2%
Average number of employees332223+50%

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 6m−DKK 4m−DKK 2mDKK 0DKK 2mDKK 4mDKK 6mDKK 8m202020212022202320242025
Gross profitMedian, the industry (430 companies)

Signals from the financial statements

calculated from the 2025 figures

  • Negative equity

    Equity was −DKK 11.6m 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 Connovate ApS
Financial yearPeriodPublishedFigures forDocuments
202501/01/2025 – 31/12/202502/07/2026The companyPDF not statedXBRL
202401/01/2024 – 31/12/202414/04/2025The companyPDFXBRL
202301/01/2023 – 31/12/202317/05/2024The companyPDFXBRL
202201/01/2022 – 31/12/202225/05/2023The companyPDFXBRL
202101/01/2021 – 31/12/202111/05/2022The companyPDFXBRL
202001/01/2020 – 31/12/202021/05/2021The 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
01234509/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/2608/26
Employees

Position in the industry

430 companies in the database

Comparison with the other companies in wholesale of wood, construction materials and sanitary equipment based on the latest financial year.

Gross profit−DKK 4.1mNo. 429 of 429
Better than 0% of the companies in the industry
Equity−DKK 11.6mNo. 428 of 430
Better than 0% of the companies in the industry
Number of employees2No. 299 of 430
Better than 31% of the companies in the industry

Industry median: gross profit DKK 5.9m, net profit DKK 623k, equity DKK 6.3m, 7 employees.

DKK 100kDKK 1.2mDKK 13.3mDKK 152.6mDKK 778.2m
Distribution of gross profit for 416 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 fewer than 20 employees69,967 companies in the comparison
No. 69,480of 69,742
Better than 0%
No. 69,635of 69,964
Better than 0%
Same industry and fewer than 20 employees334 companies in the comparison
No. 334of 334
Better than 0%
No. 332of 334
Better than 1%
Companies that are between 15 and 29 years old24,910 companies in the comparison
No. 24,697of 24,791
Better than 0%
No. 24,771of 24,909
Better than 1%
All companies of type ApS66,508 companies in the comparison
No. 66,160of 66,379
Better than 0%
No. 66,177of 66,505
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

Wholesale of wood, construction materials and sanitary equipment
Gross profit
  1. Connovate ApS−DKK 4.1m
  2. Stark Danmark A/SDKK 1.8bn
  3. Bygma A/SDKK 1.4bn
Net profit
  1. Connovate ApS−DKK 8.4m
  2. Stark Danmark A/SDKK 238m
  3. Bygma A/SDKK 228m
Equity
  1. Connovate ApS−DKK 11.6m
  2. Stark Danmark A/SDKK 2bn
  3. Bygma A/SDKK 2.3bn
Employees
  1. Connovate ApS2
  2. Stark Danmark A/S2,792
  3. Bygma A/S1,891

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
  • Ambercon Holding ApS100%
Connovate ApS

Management

4 active registrations

Executive management

Executive management at Connovate ApS
NameRoleAppointed
Jacob WernbergCEO06/10/2026

Board of directors

Board of directors at Connovate ApS
NameRoleAppointed
Jacob WernbergBoard member10/02/2025
Torben EnggaardChair of the board02/03/2026
Rune HyllestedBoard member02/03/2026
Founders
Contec Management ApS, Pankon ApS, Ambercon A/S
Former management (12)
Former management at Connovate ApS
NameRoleAppointedResigned
Bo Georg SerwinBoard member23/12/201024/01/2013
Bo Georg SerwinDirector23/12/201024/09/2012
Torben EnggaardBoard member24/09/201201/03/2026
Torben EnggaardCEO24/09/201201/03/2016
Peter Hartmann BergChair of the board24/09/201203/11/2022
Ole AaenBoard member24/01/201321/02/2014
Thomas CarstensBoard member24/01/201321/02/2014
Jørgen BachBoard member13/11/201301/03/2021
Karsten BroCEO01/03/201606/10/2026
Kim RisagerBoard member01/03/202102/11/2022
Kim RisagerChair of the board03/11/202202/03/2026
Peter Hartmann BergBoard member21/12/202302/03/2026

Signing rule: Selskabet tegnes af formanden for bestyrelsen eller af 2 bestyrelsesmedlemmer i forening.

Address and production units

1 active production units

Silicavej 11
8000 Aarhus C

Aarhus Municipality · Postcode 8000

Production units
Production unitAddressEmployeesP number
CONNOVATE ApSSilicavej 11, 8000 Aarhus C21016535008

Purpose

Selskabets formål er at drive virksomhed med køb, salg, licensering og udvikling af produkter og rettigheder til protdukter til byggerisektoren.

The purpose is quoted from the register in Danish.

Changes year by year

75 registered events
202611 changesmanagement 7 · accounts 1 · ownership 3
  • Jacob Wernberg appointed ceo
  • Karsten Bro stepped down as ceo
  • Annual report for 2025 published
  • Ambercon Holding ApS registered as owner (100%)
  • Pankon ApS is no longer registered as owner
  • Rune Hyllested appointed board member
  • Torben Enggaard appointed chair of the board
  • Peter Hartmann Berg stepped down as board member
  • Kim Risager stepped down as chair of the board
  • Ambercon Holding ApS is no longer registered as owner
  • Torben Enggaard stepped down as board member
20253 changesaccounts 1 · management 1 · industry 1
  • Annual report for 2024 published
  • Jacob Wernberg appointed board member
  • Industry changed to Wholesale of wood, construction materials and sanitary equipment (468300)
20242 changesaccounts 1 · address 1
  • Annual report for 2023 published
  • Moved to Silicavej 11, 8000 Aarhus C
20238 changescapital 2 · ownership 4 · management 1 · accounts 1
  • Share capital changed from 6,750,000 DKK to 100,000 DKK
  • Ambercon Holding ApS registered as owner (33.33%)
  • Pankon ApS registered as owner (50%)
  • Peter Hartmann Berg appointed board member
  • Pankon ApS is no longer registered as owner
  • Ambercon Holding ApS is no longer registered as owner
  • Share capital changed from 6,740,000 DKK to 6,750,000 DKK
  • Annual report for 2022 published
20225 changesmanagement 3 · accounts 1 · address 1
  • Kim Risager appointed chair of the board
  • Peter Hartmann Berg stepped down as chair of the board
  • Kim Risager stepped down as board member
  • Annual report for 2021 published
  • Moved to Silicavej 11, 8000 Aarhus C
202113 changescapital 2 · ownership 7 · address 1 · accounts 1 · management 2
  • Share capital changed from 1,740,000 DKK to 6,740,000 DKK
  • Imperial Homes Corporation is no longer registered as owner
  • Moved to Silicavej 11, 8000 Aarhus C
  • Annual report for 2020 published
  • Share capital changed from 1,290,000 DKK to 1,740,000 DKK
  • Pankon ApS registered as owner (50%)
  • Imperial Homes Corporation registered as owner (5%)
  • Ambercon Holding ApS registered as owner (33.33%)
  • Imperial Homes Corporation is no longer registered as owner
  • Pankon ApS is no longer registered as owner
  • Ambercon Holding ApS is no longer registered as owner
  • Kim Risager appointed board member
  • Jørgen Bach stepped down as board member
20206 changesownership 5 · capital 1
  • Imperial Homes Corporation registered as owner (5%)
  • Share capital changed from 1,090,000 DKK to 1,290,000 DKK
  • Pankon ApS registered as owner (50%)
  • Ambercon Holding ApS registered as owner (33.33%)
  • Ambercon Holding ApS is no longer registered as owner
  • Pankon ApS is no longer registered as owner
20192 changesownership 2
  • Ambercon Holding ApS registered as owner (50%)
  • SØNDER SKOVGAARD ApS is no longer registered as owner
20182 changesownership 2
  • SØNDER SKOVGAARD ApS registered as owner (50%)
  • Sønder Skovgaard II A/S is no longer registered as owner
20171 changecapital 1
  • Share capital changed from 1,000,000 DKK to 1,090,000 DKK
20163 changescapital 1 · management 2
  • Share capital changed from 966,864 DKK to 1,000,000 DKK
  • Karsten Bro appointed ceo
  • Torben Enggaard stepped down as ceo
20152 changesownership 2
  • Sønder Skovgaard II A/S registered as owner (50%)
  • SØNDER SKOVGAARD ApS is no longer registered as owner
20144 changesownership 1 · management 2 · capital 1
  • SØNDER SKOVGAARD ApS registered as owner (50%)
  • Thomas Carstens stepped down as board member
  • Ole Aaen stepped down as board member
  • Share capital changed from 510,000 DKK to 966,864 DKK
20136 changesownership 1 · management 4 · address 1
  • Pankon ApS registered as owner (50%)
  • Jørgen Bach appointed board member
  • Moved to Juelstrupparken 23, 9530 Støvring
  • Thomas Carstens appointed board member
  • Ole Aaen appointed board member
  • Bo Georg Serwin stepped down as board member
20124 changesmanagement 4
  • Torben Enggaard appointed board member
  • Peter Hartmann Berg appointed chair of the board
  • Torben Enggaard appointed ceo
  • Bo Georg Serwin stepped down as director
20103 changesfounded 1 · management 2
  • Registered as CONNOVATE ApS
  • Bo Georg Serwin appointed director
  • Bo Georg Serwin appointed board member

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

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