Fenagy A/S

Public limited companyCVR 41457341LystrupActive

Fenagy A/S is a public limited company, based in Lystrup, active in manufacture of ovens, furnaces and furnace burners, founded in 2020. Net profit rose 51% from 2024 to 2025, ending at DKK 39.2m. Measured by gross profit, it ranks no. 1 of 26 companies in the industry in the database. Profit has grown three years in a row.

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Key figures · financial year 2025

RevenueDKK 344.6m+13.3% vs. 2024
Net profitDKK 39.2m+50.6% vs. 2024
EquityDKK 81.4m+30.8% vs. 2024
Employees109latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Gross profit rose 34% (2024 → 2025), to DKK 116.5m.
  • Revenue rose 13% (2024 → 2025), to DKK 344.6m.
  • Net profit rose 51% (2024 → 2025), to DKK 39.2m.
  • Equity rose 31% (2024 → 2025), to DKK 81.4m.

Employees

  • 22 more employees than a year earlier: 109 (07/2026) against 87 (07/2025).

Registrations, last 24 months

  • 20/10/2026: Share capital changed from 674,000 DKK to 690,000 DKK
  • 27/06/2025: Share capital changed from 666,000 DKK to 674,000 DKK
  • 01/01/2025: Industry changed to Manufacture of ovens, furnaces and furnace burners (282100)

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 2021–2025 · amounts in DKK thousand

Equity and net profit

−DKK 20mDKK 0DKK 20mDKK 40mDKK 60mDKK 80m20212022202320242025
EquityNet profit
Financial figures for Fenagy A/S
20212022202320242025Change
Revenue30,389104,218219,976304,169344,555+13.3%
Gross profit8,72727,50255,98087,143116,507+33.7%
Operating profit (EBIT)−2,3512,91218,75933,80650,053+48.1%
Profit before tax−2,4652,64917,70033,31950,194+50.6%
Net profit−1,5092,06613,80625,98939,152+50.6%
Total assets26,27464,021118,007145,219166,543+14.7%
Equity20,37622,44236,24862,23681,408+30.8%
Liabilities5,89838,70773,05367,85073,904+8.9%
Cash and cash equivalents6,3715150192257+34.3%
Average number of employees1133517188+23.9%

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.

Download the figures as CSV · free with an account, amounts in whole DKK

DKK 0DKK 20mDKK 40mDKK 60mDKK 80mDKK 100mDKK 120m20212022202320242025
Gross profitMedian, the industry (26 companies)

Annual reports

5 financial years
Annual reports for Fenagy A/S
Financial yearPeriodPublishedFigures forDocuments
202501/01/2025 – 31/12/202505/06/2026The companyPDF not statedXBRL
202401/01/2024 – 31/12/202427/06/2025The companyPDFXBRL
202301/01/2023 – 31/12/202319/02/2024The companyPDFXBRL
202201/01/2022 – 31/12/202223/02/2023The companyPDFXBRL
202101/07/2020 – 31/12/202104/05/2022The 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
02040608010008/2309/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/26
Employees

Position in the industry

26 companies in the database

Comparison with the other companies in manufacture of ovens, furnaces and furnace burners based on the latest financial year.

Gross profitDKK 116.5mNo. 1 of 26
Better than 100% of the companies in the industry
EquityDKK 81.4mNo. 3 of 26
Better than 92% of the companies in the industry
Number of employees109No. 2 of 26
Better than 96% of the companies in the industry

Industry median: gross profit DKK 15.3m, net profit DKK 1.6m, equity DKK 13.5m, 17 employees.

DKK 135kDKK 732kDKK 4mDKK 21.5mDKK 66.3mHere
Distribution of gross profit for 26 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 50–199 employees4,467 companies in the comparison
No. 491of 4,412
Better than 89%
No. 812of 4,466
Better than 82%
Companies that are between 5 and 14 years old33,688 companies in the comparison
No. 269of 33,588
Better than 99%
No. 821of 33,687
Better than 98%
All companies of type A/S18,025 companies in the comparison
No. 1,356of 17,786
Better than 92%
No. 2,622of 18,024
Better than 85%

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 ovens, furnaces and furnace burners
Gross profit
  1. Fenagy A/SDKK 116.5m
  2. Hwam A/SDKK 72.5m
  3. Heta A/SDKK 68.9m
Net profit
  1. Fenagy A/SDKK 39.2m
  2. Hwam A/SDKK 12.9m
  3. Heta A/SDKK 19.4m
Equity
  1. Fenagy A/SDKK 81.4m
  2. Hwam A/SDKK 97.8m
  3. Heta A/SDKK 67.3m
Employees
  1. Fenagy A/S109
  2. Hwam A/S85
  3. Heta A/S85

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
Fenagy A/S

Management

6 active registrations

Executive management

Executive management at Fenagy A/S
NameRoleAppointed
Kim Gardø ChristensenDirector01/07/2020

Board of directors

Board of directors at Fenagy A/S
NameRoleAppointed
Klaus NørgaardBoard member01/07/2020
Kim Gardø ChristensenBoard member01/07/2020
Per Olaf Göran BertlandChair of the board27/11/2020
Nicola PignatelliBoard member01/07/2021
Lars Jonas SteenBoard member11/09/2024
Founders
Kick Green Invest ApS
Former management (4)
Former management at Fenagy A/S
NameRoleAppointedResigned
Anne Sophie ChristensenBoard member01/07/202001/10/2020
Mads Holst NielsenBoard member01/10/202001/07/2021
Jacob Skaarup NielsenBoard member01/10/202001/07/2021
Simon Andrej KarlinBoard member27/11/202011/09/2024

Signing rule: Selskabet tegnes af bestyrelsesformanden i forening med selskabets direktør, af selskabets direktør i forening med et bestyrelsesmedlem eller af den samlede bestyrelse. 

Address and production units

1 active production units

Rokhøj 7
8520 Lystrup

Aarhus Municipality · Postcode 8520

Production units
Production unitAddressEmployeesP number
FENAGY A/SRokhøj 7, 8520 Lystrup1191025957780

Purpose

Selskabets formål er at drive virksomhed med udvikling, design, fremstilling og salg af el-drevne varmepumper og termiske anlæg samt efter bestyrelsens vurdering hermed forbundet virksomhed

The purpose is quoted from the register in Danish.

Changes year by year

41 registered events
20262 changescapital 1 · accounts 1
  • Share capital changed from 674,000 DKK to 690,000 DKK
  • Annual report for 2025 published
20253 changescapital 1 · accounts 1 · industry 1
  • Share capital changed from 666,000 DKK to 674,000 DKK
  • Annual report for 2024 published
  • Industry changed to Manufacture of ovens, furnaces and furnace burners (282100)
20243 changesmanagement 2 · accounts 1
  • Lars Jonas Steen appointed board member
  • Simon Andrej Karlin stepped down as board member
  • Annual report for 2023 published
20231 changeaccounts 1
  • Annual report for 2022 published
20223 changesaddress 2 · accounts 1
  • Moved to Rokhøj 7, 8520 Lystrup
  • Moved to Bautavej 1A, Hasle, 8210 Aarhus V
  • Annual report for 2021 published
202113 changescapital 2 · management 3 · ownership 8
  • Share capital changed from 506,000 DKK to 666,000 DKK
  • Nicola Pignatelli appointed board member
  • Mads Holst Nielsen stepped down as board member
  • Jacob Skaarup Nielsen stepped down as board member
  • Beijer Ref AB (Publ) registered as owner (50%)
  • Kick Green Invest ApS registered as owner (33.33%)
  • Storm Energy ApS registered as owner (5%)
  • Skaarup Nielsen Holding ApS registered as owner (5%)
  • Beijer Ref AB (Publ) is no longer registered as owner
  • Skaarup Nielsen Holding ApS is no longer registered as owner
  • Storm Energy ApS is no longer registered as owner
  • Kick Green Invest ApS is no longer registered as owner
  • Share capital changed from 453,000 DKK to 506,000 DKK
202016 changescapital 1 · management 9 · ownership 4 · status 1 · founded 1
  • Share capital changed from 400,000 DKK to 453,000 DKK
  • Simon Andrej Karlin appointed board member
  • Per Olaf Göran Bertland appointed chair of the board
  • Beijer Ref AB (Publ) registered as owner (20%)
  • Mads Holst Nielsen appointed board member
  • Jacob Skaarup Nielsen appointed board member
  • Anne Sophie Christensen stepped down as board member
  • Skaarup Nielsen Holding ApS registered as owner (10%)
  • Storm Energy ApS registered as owner (10%)
  • Status changed to active
  • Kim Gardø Christensen appointed director
  • Klaus Nørgaard appointed board member
  • Anne Sophie Christensen appointed board member
  • Kim Gardø Christensen appointed board member
  • Kick Green Invest ApS registered as owner (50%)
  • Registered as FENAGY A/S

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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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