DevelopNord A/S
Public limited companyCVR 40505784AalborgActive
DevelopNord A/S is a public limited company, based in Aalborg, active in development of building projects, founded in 2019. The company made a loss in both 2024 and 2025, most recently DKK 858k. Equity fell to DKK 4.2m in 2025. 5 other companies in the database are registered at the same address.
Key figures · financial year 2025
What has changed
calculated from recorded figures and datesFinancials: 2025 against 2024
- The loss grew: from DKK 211k to DKK 858k (2024 → 2025).
- Equity fell 17% (2024 → 2025), to DKK 4.2m.
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 thousandEquity and net profit
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change | |
|---|---|---|---|---|---|---|---|
| Revenue | not stated | not stated | not stated | not stated | not stated | not stated | – |
| Gross profit | −103 | 635 | 1,716 | 29,898 | −212 | −1,050 | −396.5% |
| Operating profit (EBIT) | −150 | 576 | 1,567 | 29,763 | −327 | −1,152 | −252.8% |
| Profit before tax | −154 | 556 | 1,552 | 29,882 | −211 | −1,109 | −426.3% |
| Net profit | −156 | 464 | 1,210 | 29,104 | −211 | −858 | −307% |
| Total assets | 1,050 | 19,009 | 18,349 | 5,304 | 5,096 | 18,450 | +262% |
| Equity | 552 | 1,016 | 2,226 | 5,230 | 5,020 | 4,162 | −17.1% |
| Liabilities | 498 | 17,901 | 15,832 | 73 | 76 | 14,287 | +18,641.8% |
| Cash and cash equivalents | 245 | 931 | 5,896 | 5,206 | 4,214 | 345 | −91.8% |
| Average number of employees | 1 | 1 | 1 | 1 | 1 | 1 | 0% |
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
Signals from the financial statements
calculated from the 2025 figuresLoss for 2 years in a row
Net result has been negative in 2024–2025.
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| Financial year | Period | Published | Figures for | Documents |
|---|---|---|---|---|
| 2025 | 01/01/2025 – 31/12/2025 | 09/03/2026 | The company | PDF not statedXBRL |
| 2024 | 01/01/2024 – 31/12/2024 | 24/02/2025 | The company | PDFXBRL |
| 2023 | 01/01/2023 – 31/12/2023 | 19/02/2024 | The company | PDFXBRL |
| 2022 | 01/01/2022 – 31/12/2022 | 07/03/2023 | The company | PDFXBRL |
| 2021 | 01/01/2021 – 31/12/2021 | 18/03/2022 | The company | PDFXBRL |
| 2020 | 01/01/2020 – 31/12/2020 | 30/06/2021 | The company | PDFXBRL |
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 CVRPosition in the industry
295 companies in the databaseComparison with the other companies in development of building projects based on the latest financial year.
Industry median: gross profit DKK 1.7m, net profit DKK 109k, equity DKK 839k, 3 employees.
Compared with similar companies
size, age and company form| Group | Gross profit | Equity |
|---|---|---|
| Companies with fewer than 20 employees69,967 companies in the comparison | No. 68,788of 69,742 Better than 1% | No. 15,935of 69,964 Better than 77% |
| Same industry and fewer than 20 employees275 companies in the comparison | No. 266of 275 Better than 3% | No. 67of 275 Better than 76% |
| Companies that are between 5 and 14 years old33,688 companies in the comparison | No. 33,153of 33,588 Better than 1% | No. 6,890of 33,687 Better than 80% |
| All companies of type A/S18,025 companies in the comparison | No. 17,408of 17,786 Better than 2% | No. 12,205of 18,024 Better than 32% |
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
Development of building projects- DevelopNord A/S−DKK 1.1m
- KT Erhvervsbyg A/SDKK 124.8m
- AG Construction A/SDKK 119.8m
- DevelopNord A/S−DKK 858k
- KT Erhvervsbyg A/SDKK 39.3m
- AG Construction A/SDKK 34.3m
- DevelopNord A/SDKK 4.2m
- KT Erhvervsbyg A/SDKK 167.3m
- AG Construction A/SDKK 258.5m
- DevelopNord A/S3
- KT Erhvervsbyg A/S111
- AG Construction A/S47
Latest financial year per company. Choose up to three companies from the largest in the industry.
Owners and group
from the Public Ownership Register- Fam. Kristiansen Holding ApS33.33%
- LRI Holding ApS33.33%
- Clausen Holding Aalborg ApS33.33%
Management
4 active registrationsExecutive management
| Name | Role | Appointed |
|---|---|---|
| Lasse Fjord Riisgaard Nielsen | Director | 08/05/2019 |
Board of directors
| Name | Role | Appointed |
|---|---|---|
| Frede Clausen | Chair of the board | 08/05/2019 |
| Lasse Fjord Riisgaard Nielsen | Board member | 08/05/2019 |
| Søren Kristiansen | Board member | 13/01/2021 |
- Founders
- Frede Clausen Holding ApS, LRI Holding ApS, Erik Godtfredsen Holding ApS
Former management (1)
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| Erik Godtfredsen | Board member | 08/05/2019 | 13/01/2021 |
Signing rule: Selskabet tegnes af direktøren og formanden i forening, eller af den samlede bestyrelse.
Address and production units
1 active production unitsGasværksvej 5
9000 Aalborg
Aalborg Municipality · Postcode 9000
Other companies at the address (5)
- Inropa A/SComputer programming activities
- Dezide ApSComputer programming activities
- Final Film ApSMotion picture, video and television programme production
- Nellebrand ApSOther professional, scientific and technical activities n.e.c.
- Hugin Expert A/SOther software publishing
| Production unit | Address | Employees | P number |
|---|---|---|---|
| DevelopNord A/S | Gasværksvej 5, 9000 Aalborg | 3 | 1024688050 |
Purpose
Selskabets formål er ejendomsudvikling.
The purpose is quoted from the register in Danish.
Changes year by year
31 registered events20261 changeaccounts 1
- AccountsAnnual report for 2025 published
20251 changeaccounts 1
- AccountsAnnual report for 2024 published
20241 changeaccounts 1
- AccountsAnnual report for 2023 published
20231 changeaccounts 1
- AccountsAnnual report for 2022 published
20222 changesaddress 1 · accounts 1
- AddressMoved to Gasværksvej 5, 9000 Aalborg
- AccountsAnnual report for 2021 published
202110 changesaccounts 1 · management 2 · ownership 7
- AccountsAnnual report for 2020 published
- ManagementSøren Kristiansen appointed board member
- ManagementErik Godtfredsen stepped down as board member
- OwnershipClausen Holding Aalborg ApS registered as owner (33.33%)
- OwnershipLRI Holding ApS registered as owner (33.33%)
- OwnershipFAM. KRISTIANSEN HOLDING ApS registered as owner (33.33%)
- OwnershipErik Godtfredsen Holding ApS is no longer registered as owner
- OwnershipClausen Holding Aalborg ApS is no longer registered as owner
- OwnershipFAM. KRISTIANSEN HOLDING ApS is no longer registered as owner
- OwnershipLRI Holding ApS is no longer registered as owner
20204 changesownership 4
- OwnershipClausen Holding Aalborg ApS registered as owner (25%)
- OwnershipFREDE CLAUSEN HOLDING ApS is no longer registered as owner
- OwnershipFAM. KRISTIANSEN HOLDING ApS registered as owner (25%)
- OwnershipS. KRISTIANSEN HOLDING ApS is no longer registered as owner
201911 changesaddress 1 · capital 1 · ownership 4 · founded 1 · management 4
- AddressMoved to Gasværksvej 5, 9000 Aalborg
- CapitalShare capital changed from 400,000 DKK to 533,333 DKK
- OwnershipS. KRISTIANSEN HOLDING ApS registered as owner (25%)
- FoundedRegistered as DevelopNord A/S
- ManagementErik Godtfredsen appointed board member
- ManagementFrede Clausen appointed chair of the board
- ManagementLasse Fjord Riisgaard Nielsen appointed director
- ManagementLasse Fjord Riisgaard Nielsen appointed board member
- OwnershipFREDE CLAUSEN HOLDING ApS registered as owner (25%)
- OwnershipErik Godtfredsen Holding ApS registered as owner (25%)
- OwnershipLRI Holding ApS registered as owner (25%)
Related companies
Same industry in Aalborg
- m2concept ApS5 employees
- Agat Management A/S5 employees
- Agat Ejendomme A/S5 employees
- Mmdn Invest ApS4 employees
- TN Udvikling A/S3 employees
- Limestone ApS3 employees
Same people in management
- P. Olesen og Sønner A/Svia Søren Kristiansen
- Henning Mortensen Silkeborg A/Svia Søren Kristiansen
- Ib Andersen VVS A/Svia Frede Clausen
- Arne Andersen, Vrå A/Svia Frede Clausen
- Entreprenørfirmaet Sejer Pedersen A/Svia Søren Kristiansen
- KT Erhvervsbyg A/Svia Søren Kristiansen
Largest in the industry
- KT Erhvervsbyg A/SDKK 124.8m
- AG Construction A/SDKK 119.8m
- De Forenede Ejendomsselskaber A/SDKK 85.3m
- Holberg Fenger Invest ApSDKK 51.4m
- Kjær Knudsen A/SDKK 41.2m
- Merkuras A/SDKK 36.8m
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.