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G. N. Underwater Invest A/S

Public limited companyCVR 21806374HolstebroActive

G. N. Underwater Invest A/S is a public limited company, based in Holstebro, active in activities of non-financial head offices, founded in 1999. Net profit fell 68% from 2024 to 2025, ending at DKK 32.4m. 6 people are registered in the company's management and ownership.

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Key figures · financial year 2025

RevenueDKK 586.4m+30% vs. 2024
Net profitDKK 32.4m−67.7% vs. 2024
EquityDKK 560.5m+6.5% vs. 2024
Employees2latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Gross profit fell 46% (2024 → 2025), to DKK 68.8m.
  • Revenue rose 30% (2024 → 2025), to DKK 586.4m.
  • Net profit fell 68% (2024 → 2025), to DKK 32.4m.
  • Equity rose 7% (2024 → 2025), to DKK 560.5m.

Employees

  • 1 fewer employees than a year earlier: 2 (08/2026) against 3 (08/2025).

Registrations, last 24 months

  • 01/01/2025: Industry changed to Activities of non-financial head offices (701010)

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 0DKK 100mDKK 200mDKK 300mDKK 400mDKK 500mDKK 600m202020212022202320242025
EquityNet profit
Financial figures for G. N. Underwater Invest A/S
202020212022202320242025Change
Revenuenot statednot stated359,200403,641451,253586,414+30%
Gross profit−2,73063,728104,90963,514127,42468,825−46%
Operating profit (EBIT)−14,25851,62788,99545,514111,11449,542−55.4%
Profit before tax−12,29261,03085,14747,308102,05134,661−66%
Net profit34,60358,44084,31745,976100,42232,427−67.7%
Total assets422,309394,652589,780614,1991,004,0161,115,425+11.1%
Equity394,692358,993423,681445,794526,174560,482+6.5%
Liabilities27,61735,659166,099168,405477,842553,027+15.7%
Cash and cash equivalents16,28852,95436,95220,37013,9458,623−38.2%
Average number of employees104111124–221267+20.8%

Source: annual reports filed with the Danish Business Authority (XBRL). Group figures; 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: 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 20mDKK 0DKK 20mDKK 40mDKK 60mDKK 80mDKK 100mDKK 120m202020212022202320242025
Gross profitMedian, the industry (310 companies)

Signals from the financial statements

calculated from the 2025 figures

  • Profit for five years in a row

    Net result has been positive in 2021–2025.

    How is this calculated?

    Net result is positive in the five 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 G. N. Underwater Invest A/S
Financial yearPeriodPublishedFigures forDocuments
202501/07/2024 – 30/06/202519/12/2025The groupPDF not statedXBRL
202401/07/2023 – 30/06/202430/12/2024The groupPDFXBRL
202301/07/2022 – 30/06/202320/12/2023The groupPDFXBRL
202201/07/2021 – 30/06/202215/12/2022The groupPDFXBRL
202101/07/2020 – 30/06/202129/11/2021The groupPDFXBRL
202001/07/2019 – 30/06/202030/11/2020The groupPDFXBRL

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
011223309/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/2608/26
Employees

Position in the industry

310 companies in the database

Comparison with the other companies in activities of non-financial head offices based on the latest financial year.

Gross profitDKK 68.8mNo. 108 of 276
Better than 61% of the companies in the industry
EquityDKK 560.5mNo. 107 of 310
Better than 66% of the companies in the industry
Number of employees2No. 56 of 310
Better than 82% of the companies in the industry

Industry median: gross profit DKK 31.9m, net profit DKK 3.9m, equity DKK 179.4m, 49 employees.

DKK 100kDKK 2.7mDKK 75.2mDKK 2.1bnDKK 18.8bnHere
Distribution of gross profit for 235 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. 408of 69,742
Better than 99%
No. 390of 69,964
Better than 99%
Same industry and fewer than 20 employees151 companies in the comparison
No. 43of 139
Better than 70%
No. 39of 151
Better than 75%
Companies that are between 15 and 29 years old24,910 companies in the comparison
No. 1,042of 24,791
Better than 96%
No. 348of 24,909
Better than 99%
All companies of type A/S18,025 companies in the comparison
No. 2,195of 17,786
Better than 88%
No. 642of 18,024
Better than 96%

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

Activities of non-financial head offices
Gross profit
  1. G. N. Underwater Invest A/SDKK 68.8m
  2. LEGO A/SDKK 56.6bn
  3. Demant A/SDKK 17.4bn
Net profit
  1. G. N. Underwater Invest A/SDKK 32.4m
  2. LEGO A/SDKK 16.7bn
  3. Demant A/SDKK 1.5bn
Equity
  1. G. N. Underwater Invest A/SDKK 560.5m
  2. LEGO A/SDKK 49.3bn
  3. Demant A/SDKK 9.9bn
Employees
  1. G. N. Underwater Invest A/S2
  2. LEGO A/S5
  3. Demant A/S58

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
  • D-noran Holding ApS10%
  • Gna Holding ApS25%
  • RNA Holding ApS25%
  • RNA Investment ApS25%
G. N. Underwater Invest A/S
Subsidiaries and ownership shares

Subsidiaries are shown only if they are in the database.

Management

7 active registrations

Executive management

Executive management at G. N. Underwater Invest A/S
NameRoleAppointed
Gert Normann AndersenDirector25/11/2013
Rasmus Normann AndersenCEO25/11/2013

Board of directors

Board of directors at G. N. Underwater Invest A/S
NameRoleAppointed
Rasmus Normann AndersenBoard member22/10/2004
Dennis Normann AndersenBoard member22/10/2004
Gert Normann AndersenBoard member06/11/2007
Magna Bjerg GalsgaardBoard member28/11/2011
Hans Christian KroghChair of the board19/12/2023
Founders
Gert Normann Andersen
Former management (1)
Former management at G. N. Underwater Invest A/S
NameRoleAppointedResigned
Willy ThomsenChair of the board28/11/201119/12/2023

Signing rule: Selskabet tegnes af den samlede bestyrelse eller af en direktør.

Address and production units

1 active production units

Nybovej 9
7500 Holstebro

Holstebro Municipality · Postcode 7500

Other companies at the address (2)

Production units
Production unitAddressEmployeesP number
G. N. UNDERWATER INVEST A/SNybovej 9, 7500 Holstebro21005217244

Purpose

Selskabets formål er selvstændig eller gennem aktiebesiddelse i andre selskaber at drive dykkervirksomhed og handel tillige med anden efter direktionens skøn hermed forenelig virksomhed, samt kapitalanbringelse

The purpose is quoted from the register in Danish.

Changes year by year

30 registered events
20252 changesaccounts 1 · industry 1
  • Annual report for 2025 published
  • Industry changed to Activities of non-financial head offices (701010)
20241 changeaccounts 1
  • Annual report for 2024 published
20236 changesaccounts 1 · management 2 · ownership 3
  • Annual report for 2023 published
  • Hans Christian Krogh appointed chair of the board
  • Willy Thomsen stepped down as chair of the board
  • RNA Holding ApS registered as owner (25%)
  • RNA Investment ApS registered as owner (25%)
  • RNA HOLDING ApS is no longer registered as owner
20221 changeaccounts 1
  • Annual report for 2022 published
20211 changeaccounts 1
  • Annual report for 2021 published
20201 changeaccounts 1
  • Annual report for 2020 published
20171 changeindustry 1
  • Industry changed to Activities of non-financial head offices (701010)
20141 changeaddress 1
  • Moved to Nybovej 9, 7500 Holstebro
20132 changesmanagement 2
  • Gert Normann Andersen appointed director
  • Rasmus Normann Andersen appointed ceo
20124 changesownership 3 · capital 1
  • RNA HOLDING ApS registered as owner (50%)
  • D-NORAN HOLDING ApS registered as owner (10%)
  • GNA HOLDING ApS registered as owner (25%)
  • Share capital changed from 500,000 DKK to 10,000,000 DKK
20112 changesmanagement 2
  • Magna Bjerg Galsgaard appointed board member
  • Willy Thomsen appointed chair of the board
20073 changesname 1 · capital 1 · management 1
  • Name changed from G. N. UNDERWATER INVEST ApS to G. N. UNDERWATER INVEST A/S
  • Share capital changed from 207,077 DKK to 500,000 DKK
  • Gert Normann Andersen appointed board member
20043 changescapital 1 · management 2
  • Share capital changed from 200,000 DKK to 207,077 DKK
  • Dennis Normann Andersen appointed board member
  • Rasmus Normann Andersen appointed board member
20031 changeindustry 1
  • Industry changed to Udlejning af erhvervsejendomme (702040)
19991 changefounded 1
  • Registered as G. N. UNDERWATER INVEST ApS

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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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