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Convert A/S

Public limited companyCVR 39159090EbeltoftActive

Convert A/S is a public limited company, based in Ebeltoft, active in manufacture of other technical and industrial textiles, founded in 2017. The company made a loss in both 2024 and 2025, most recently DKK 31.1m. 4 other companies in the database are registered at the same address.

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Key figures · financial year 2025

Gross profit−DKK 592k−140.6% vs. 2024
Net profit−DKK 31.1m−64.7% vs. 2024
EquityDKK 8.7m+250.9% vs. 2024
Employees12latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Gross profit fell 141% (2024 → 2025), to −DKK 592k.
  • The loss grew: from DKK 18.9m to DKK 31.1m (2024 → 2025).
  • Equity turned positive again: DKK 8.7m (2024 → 2025).

Employees

  • 7 fewer employees than a year earlier: 12 (07/2026) against 19 (07/2025).

Management and owners, last 24 months

  • New in management: Helle Vingolf (chair of the board, 11/06/2025).
  • Stepped down: Lars Herman Petersen (chair of the board, 11/06/2025), Massimo Forti (board member, 11/06/2025) and Peter Trillingsgaard (board member, 11/06/2025).
  • New owners registered: Kvadrat A/S (26/03/2026), Mrr 2007 Holding ApS (26/03/2026) and Advance Global A/S (26/03/2026) (+1).
  • No longer registered as owner: Advance Global A/S (25/03/2026), Kvadrat A/S (25/03/2026) and Kanitipe Investment ApS (26/03/2026) (+1).

Registrations, last 24 months

  • 20/03/2026: Share capital changed from 13,500,000 DKK to 28,430,500 DKK

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 40m−DKK 30m−DKK 20m−DKK 10mDKK 0DKK 10mDKK 20mDKK 30mDKK 40m202020212022202320242025
EquityNet profit
Financial figures for Convert A/S
202020212022202320242025Change
Revenuenot statednot statednot statednot statednot statednot stated–
Gross profit−1,380−2,636−4,4821,8771,459−592−140.6%
Operating profit (EBIT)−13,537−17,921−22,320−19,985−15,643−28,326−81.1%
Profit before tax−15,251−19,330−23,196−22,237−19,056−31,094−63.2%
Net profit−11,896−15,079−21,333−22,237−18,875−31,094−64.7%
Total assets116,471112,81999,81894,17287,49768,568−21.6%
Equity38,12137,04335,35013,113−5,7638,696+250.9%
Liabilities72,95174,62964,46881,05993,26059,873−35.8%
Cash and cash equivalents5733,55780–––
Average number of employees101015182116−23.8%

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 4m202020212022202320242025
Gross profitMedian, the industry (38 companies)

Signals from the financial statements

calculated from the 2025 figures

  • 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 Convert A/S
Financial yearPeriodPublishedFigures forDocuments
202501/01/2025 – 31/12/202530/06/2026The companyPDF not statedXBRL
202401/01/2024 – 31/12/202416/06/2025The companyPDFXBRL
202301/01/2023 – 31/12/202303/07/2024The companyPDFXBRL
202201/01/2022 – 31/12/202229/06/2023The companyPDFXBRL
202101/01/2021 – 31/12/202109/05/2022The companyPDFXBRL
202001/01/2020 – 31/12/202007/07/2021The 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
05101520253008/2309/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/26
Employees

Position in the industry

38 companies in the database

Comparison with the other companies in manufacture of other technical and industrial textiles based on the latest financial year.

Gross profit−DKK 592kNo. 38 of 38
Better than 0% of the companies in the industry
EquityDKK 8.7mNo. 7 of 38
Better than 84% of the companies in the industry
Number of employees12No. 8 of 38
Better than 81% of the companies in the industry

Industry median: gross profit DKK 3.8m, net profit DKK 180k, equity DKK 2.6m, 6 employees.

DKK 228kDKK 996kDKK 4.3mDKK 18.9mDKK 50.5m
Distribution of gross profit for 37 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. 68,263of 69,742
Better than 2%
No. 9,913of 69,964
Better than 86%
Same industry and fewer than 20 employees33 companies in the comparison
No. 33of 33
Better than 0%
No. 2of 33
Better than 97%
Companies that are between 5 and 14 years old33,688 companies in the comparison
No. 32,961of 33,588
Better than 2%
No. 4,109of 33,687
Better than 88%
All companies of type A/S18,025 companies in the comparison
No. 17,275of 17,786
Better than 3%
No. 9,288of 18,024
Better than 48%

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 other technical and industrial textiles
Gross profit
  1. Convert A/S−DKK 592k
  2. Ke Fibertec A/SDKK 82.5m
  3. Isabella A/SDKK 48.4m
Net profit
  1. Convert A/S−DKK 31.1m
  2. Ke Fibertec A/SDKK 21.6m
  3. Isabella A/SDKK 2.2m
Equity
  1. Convert A/SDKK 8.7m
  2. Ke Fibertec A/SDKK 65.6m
  3. Isabella A/SDKK 242.7m
Employees
  1. Convert A/S12
  2. Ke Fibertec A/S47
  3. Isabella A/S89

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
Convert A/S

Management

4 active registrations

Executive management

Executive management at Convert A/S
NameRoleAppointed
Peter Vinkler SimonsenDirector01/09/2022

Board of directors

Board of directors at Convert A/S
NameRoleAppointed
Anne Sophie GamborgBoard member27/06/2023
Jesper Fredberg JensenBoard member27/06/2023
Helle VingolfChair of the board11/06/2025
Founders
Kvadrat A/S, Advance Global A/S
Former management (14)
Former management at Convert A/S
NameRoleAppointedResigned
Lars Allan ThomassenBoard member08/12/201710/06/2020
Stig GamborgDirector08/12/201705/03/2018
Stig GamborgBoard member08/12/201704/03/2018
Torben SvejgårdChair of the board08/12/201719/12/2017
Jesper Fredberg JensenChair of the board19/12/201704/03/2018
Stig GamborgChair of the board05/03/201810/06/2020
Flemming HynkemejerDirector05/03/201831/08/2022
Jesper Fredberg JensenBoard member05/03/201801/04/2018
Torben SvejgårdBoard member01/04/201827/06/2023
Anne Sophie GamborgBoard member10/06/202005/07/2021
Lars Herman PetersenChair of the board10/06/202011/06/2025
Massimo FortiBoard member10/06/202011/06/2025
Peter TrillingsgaardBoard member10/06/202011/06/2025
Jørgen BallermannBoard member05/07/202127/06/2023

Signing rule: Virksomheden tegnes af den samlede bestyrelse eller af bestyrelsesformanden i forening med en direktør

Address and production units

2 active production units

Lundbergsvej 10
8400 Ebeltoft

Syddjurs Municipality · Postcode 8400

Other companies at the address (4)

Production units
Production unitAddressEmployeesP number
Convert A/SHåndværkervej 3, Nors, 7700 Thisted91023881388
Convert A/SLundbergsvej 10, 8400 Ebeltoft11023116703

Purpose

Virksomhedens formål er at producere og sælge plader og måtter fremstillet af genanvendte tekstiler eller andet uhomogent materiale samt sådan øvrig virksomhed, der efter bestyrelsens skøn er i naturlig tilknytning hertil

The purpose is quoted from the register in Danish.

Changes year by year

60 registered events
202610 changesaccounts 1 · ownership 8 · capital 1
  • Annual report for 2025 published
  • Advance Global A/S registered as owner (15%)
  • Morten Rønn Rasmussen registered as owner (33.33%)
  • Morten Rønn Rasmussen is no longer registered as owner
  • MRR 2007 HOLDING ApS registered as owner (33.33%)
  • KVADRAT A/S registered as owner (33.33%)
  • KANITIPE INVESTMENT ApS is no longer registered as owner
  • KVADRAT A/S is no longer registered as owner
  • Advance Global A/S is no longer registered as owner
  • Share capital changed from 13,500,000 DKK to 28,430,500 DKK
20255 changesaccounts 1 · management 4
  • Annual report for 2024 published
  • Helle Vingolf appointed chair of the board
  • Lars Herman Petersen stepped down as chair of the board
  • Massimo Forti stepped down as board member
  • Peter Trillingsgaard stepped down as board member
20241 changeaccounts 1
  • Annual report for 2023 published
20238 changesownership 3 · accounts 1 · management 4
  • KANITIPE INVESTMENT ApS registered as owner (15%)
  • KVADRAT A/S registered as owner (33.33%)
  • KVADRAT A/S is no longer registered as owner
  • Annual report for 2022 published
  • Jesper Fredberg Jensen appointed board member
  • Anne Sophie Gamborg appointed board member
  • Jørgen Ballermann stepped down as board member
  • Torben Svejgård stepped down as board member
20225 changescapital 1 · management 2 · address 1 · accounts 1
  • Share capital changed from 9,000,000 DKK to 13,500,000 DKK
  • Peter Vinkler Simonsen appointed director
  • Flemming Hynkemejer stepped down as director
  • Moved to Lundbergsvej 10, 8400 Ebeltoft
  • Annual report for 2021 published
20218 changescapital 1 · ownership 4 · accounts 1 · management 2
  • Share capital changed from 5,000,000 DKK to 9,000,000 DKK
  • Advance Global A/S registered as owner (33.33%)
  • KVADRAT A/S registered as owner (50%)
  • KVADRAT A/S is no longer registered as owner
  • Advance Global A/S is no longer registered as owner
  • Annual report for 2020 published
  • Jørgen Ballermann appointed board member
  • Anne Sophie Gamborg stepped down as board member
20206 changesmanagement 6
  • Anne Sophie Gamborg appointed board member
  • Lars Herman Petersen appointed chair of the board
  • Massimo Forti appointed board member
  • Peter Trillingsgaard appointed board member
  • Stig Gamborg stepped down as chair of the board
  • Lars Allan Thomassen stepped down as board member
20188 changesmanagement 8
  • Torben Svejgård appointed board member
  • Jesper Fredberg Jensen stepped down as board member
  • Stig Gamborg appointed chair of the board
  • Flemming Hynkemejer appointed director
  • Jesper Fredberg Jensen appointed board member
  • Stig Gamborg stepped down as director
  • Jesper Fredberg Jensen stepped down as chair of the board
  • Stig Gamborg stepped down as board member
20179 changesmanagement 6 · founded 1 · ownership 2
  • Jesper Fredberg Jensen appointed chair of the board
  • Torben Svejgård stepped down as chair of the board
  • Registered as Convert A/S
  • Lars Allan Thomassen appointed board member
  • Torben Svejgård appointed chair of the board
  • Stig Gamborg appointed board member
  • Stig Gamborg appointed director
  • KVADRAT A/S registered as owner (33.33%)
  • Advance Global A/S registered as owner (50%)

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

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