dnora A/S

Public limited companyCVR 42317748SpøttrupActive

dnora A/S is a public limited company, based in Spøttrup, active in industrial design and fashion design, founded in 2021. Equity was negative at the end of 2025 (−DKK 13,595). The company made a loss in both 2024 and 2025, most recently DKK 1.3m. With 11 employees, the company is about 4 times larger than the industry median.

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Key figures · financial year 2025

Gross profit−DKK 1.1m−3,442.7% vs. 2024
Net profit−DKK 1.3m−1,942.2% vs. 2024
Equity−DKK 13,595−101% vs. 2024
Employees11latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Gross profit fell 3,443% (2024 → 2025), to −DKK 1.1m.
  • The loss grew: from DKK 65,014 to DKK 1.3m (2024 → 2025).
  • Equity turned negative: −DKK 13,595 (2024 → 2025).

Employees

  • 7 more employees than a year earlier: 11 (07/2026) against 4 (07/2025).

Management and owners, last 24 months

  • New in management: Joseph Mohammad Kashi (board member, 01/05/2025), Ali Adel Ahmed (director, 13/10/2026) and Ali Adel Ahmed (board member, 13/10/2026) (+2).
  • Stepped down: Haydar Karim Jafar (ceo, 13/10/2026), Haydar Karim Jafar (board member, 13/10/2026) and Rene Varntoft (deputy chair, 01/05/2025) (+2).
  • New owners registered: A-Z Nordic Group ApS (01/05/2025) and IQ Trade ApS (01/05/2025).
  • No longer registered as owner: IQ Trade ApS (30/04/2025) and IQ Trade ApS (12/10/2026).

Registrations, last 24 months

  • 07/05/2025: Moved to Industrivej 1, Rødding, 7860 Spøttrup
  • 01/01/2025: Industry changed to Industrial design and fashion design (741100)

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 2024–2025 · amounts in DKK thousand

Equity and net profit

−DKK 1.5m−DKK 1m−DKK 500kDKK 0DKK 500kDKK 1mDKK 1.5m20242025
EquityNet profit
Financial figures for dnora A/S
20242025Change
Revenuenot statednot stated–
Gross profit32−1,062−3,442.7%
Operating profit (EBIT)−38−1,354−3,427.8%
Profit before tax−80−1,388−1,631.3%
Net profit−65−1,328−1,942.2%
Total assets2,0623,188+54.6%
Equity1,314−14−101%
Liabilities6883,202+365.1%
Cash and cash equivalents029–
Average number of employees110%

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 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 1.5m−DKK 1m−DKK 500kDKK 0DKK 500kDKK 1mDKK 1.5m20242025
Gross profitMedian, the industry (226 companies)

Signals from the financial statements

calculated from the 2025 figures
  • Negative equity

    Equity was −DKK 13,595 at the end of 2025.

    How is this calculated?

    Equity in the latest annual report is below zero.

  • Loss 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

2 financial years
Annual reports for dnora A/S
Financial yearPeriodPublishedFigures forDocuments
202501/07/2024 – 30/06/202530/01/2026The companyPDF not statedXBRL
202401/07/2023 – 30/06/202423/01/2025The 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
02468101205/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/26
Employees

Position in the industry

226 companies in the database

Comparison with the other companies in industrial design and fashion design based on the latest financial year.

Gross profit−DKK 1.1mNo. 222 of 226
Better than 2% of the companies in the industry
Equity−DKK 13,595No. 190 of 226
Better than 16% of the companies in the industry
Number of employees11No. 171 of 226
Better than 24% of the companies in the industry

Industry median: gross profit DKK 1.7m, net profit DKK 142k, equity DKK 987k, 3 employees.

DKK 100kDKK 746kDKK 5.6mDKK 41.5mDKK 158.3m
Distribution of gross profit for 204 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. 68,798of 69,742
Better than 1%
No. 60,426of 69,964
Better than 14%
Same industry and fewer than 20 employees200 companies in the comparison
No. 197of 200
Better than 2%
No. 165of 200
Better than 18%
Companies that are between 5 and 14 years old33,688 companies in the comparison
No. 33,159of 33,588
Better than 1%
No. 28,525of 33,687
Better than 15%
All companies of type A/S18,025 companies in the comparison
No. 17,412of 17,786
Better than 2%
No. 17,149of 18,024
Better than 5%

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

Industrial design and fashion design
Gross profit
  1. dnora A/S−DKK 1.1m
  2. Muuto A/SDKK 309.3m
  3. Maileg ApSDKK 134.6m
Net profit
  1. dnora A/S−DKK 1.3m
  2. Muuto A/SDKK 106.2m
  3. Maileg ApSDKK 93.6m
Equity
  1. dnora A/S−DKK 13,595
  2. Muuto A/SDKK 473.1m
  3. Maileg ApSDKK 182m
Employees
  1. dnora A/S11
  2. Muuto A/S140
  3. Maileg ApS37

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
  • A-Z Nordic Group ApS100%
dnora A/S

Management

4 active registrations

Executive management

Executive management at dnora A/S
NameRoleAppointed
Ali Adel AhmedDirector13/10/2026

Board of directors

Board of directors at dnora A/S
NameRoleAppointed
Joseph Mohammad KashiBoard member01/05/2025
Ali Adel AhmedBoard member13/10/2026
Zo-Elfikar Adel AhmedChair of the board13/10/2026
Auditor
Michael Ryding
Founders
IQ Trade ApS
Former management (5)
Former management at dnora A/S
NameRoleAppointedResigned
Haydar Karim JafarCEO19/04/202113/10/2026
Haydar Karim JafarBoard member18/04/202413/10/2026
Rene VarntoftDeputy chair18/04/202401/05/2025
Joseph Mohammad KashiChair of the board18/04/202430/04/2025
Ali Adel AhmedChair of the board01/05/202512/10/2026

Signing rule: Selskabet tegnes af én direktør

Address and production units

1 active production units

Industrivej 1
7860 Spøttrup

Skive Municipality · Postcode 7860

Production units
Production unitAddressEmployeesP number
dnora A/SIndustrivej 1, Rødding, 7860 Spøttrup111027075106

Purpose

Dnora A/S fremstiller bæredygtige, brandkvalificerede og CE-mærkede akustikpaneler til vægge, lofter og facader samt specialinventar. Produktionen sker ved hjælp af avanceret robotteknologi med fokus på kvalitet, effektivitet og miljøvenlighed. Virksomheden leverer løsninger med fuld dokumentation, herunder LCA-, LCC- og CO2-aftryksrapporter, samt certificeringsdokumentation til DGNB-, LEED- og BREEAM-standarder. Som en del af virksomhedens cirkulære produktion anvendes genbrugsmaterialer for at fremme bæredygtighed og reducere ressourceforbrug. Dnora A/S tilbyder desuden handel med træ og byggematerialer samt montering af virksomhedens produkter på byggepladser for at sikre korrekt installation og integration i kundernes projekter.

The purpose is quoted from the register in Danish.

Changes year by year

29 registered events
20268 changesmanagement 6 · ownership 1 · accounts 1
  • Ali Adel Ahmed appointed director
  • Zo-Elfikar Adel Ahmed appointed chair of the board
  • Ali Adel Ahmed appointed board member
  • Haydar Karim Jafar stepped down as board member
  • Haydar Karim Jafar stepped down as ceo
  • Ali Adel Ahmed stepped down as chair of the board
  • IQ Trade ApS is no longer registered as owner
  • Annual report for 2025 published
202510 changesaddress 1 · management 4 · ownership 3 · accounts 1 · industry 1
  • Moved to Industrivej 1, Rødding, 7860 Spøttrup
  • Ali Adel Ahmed appointed chair of the board
  • Joseph Mohammad Kashi appointed board member
  • Rene Varntoft stepped down as deputy chair
  • IQ Trade ApS registered as owner (50%)
  • A-Z Nordic Group ApS registered as owner (100%)
  • Joseph Mohammad Kashi stepped down as chair of the board
  • IQ Trade ApS is no longer registered as owner
  • Annual report for 2024 published
  • Industry changed to Industrial design and fashion design (741100)
20246 changesname 1 · capital 1 · management 3 · address 1
  • Name changed from Byggemat ApS to dnora A/S
  • Share capital changed from 125,000 DKK to 400,000 DKK
  • Haydar Karim Jafar appointed board member
  • Joseph Mohammad Kashi appointed chair of the board
  • Rene Varntoft appointed deputy chair
  • Moved to Industrivej 17, Skærød, 3200 Helsinge
20215 changesaddress 1 · industry 1 · founded 1 · management 1 · ownership 1
  • Moved to Industrivej 17, Skærød, 3200 Helsinge
  • Industry changed to Industriel design og produktdesign (741010)
  • Registered as Byggemat ApS
  • Haydar Karim Jafar appointed ceo
  • IQ Trade ApS registered as owner (100%)

Related companies

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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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