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Glasværket A/S

Public limited companyCVR 18102838KorsørActive

Glasværket A/S is a public limited company, based in Korsør, active in renting of commercial property, founded in 1994. Net profit rose 43995% from 2024 to 2025, ending at DKK 15.9m. With 5 employees, the company is about 5 times larger than the industry median. Equity grew to DKK 35.4m in 2025.

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Key figures · financial year 2025

Gross profitDKK 7.8m+39.1% vs. 2024
Net profitDKK 15.9m+43,994.6% vs. 2024
EquityDKK 35.4m+81% vs. 2024
Employees5latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Gross profit rose 39% (2024 → 2025), to DKK 7.8m.
  • Net profit rose 43,995% (2024 → 2025), to DKK 15.9m.
  • Equity rose 81% (2024 → 2025), to DKK 35.4m.

Employees

  • 2 more employees than a year earlier: 5 (08/2026) against 3 (08/2025).

Management and owners, last 24 months

  • New in management: Tina Reinholdt Milvertz (board member, 15/01/2026) and Rikke Nisted Milvertz (board member, 15/01/2026).
  • Stepped down: Michael Rutkjær Jensen (board member, 15/01/2026) and Sanne Lynge Milvertz (board member, 15/01/2026).

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 30m−DKK 20m−DKK 10mDKK 0DKK 10mDKK 20mDKK 30mDKK 40m202020212022202320242025
EquityNet profit
Financial figures for Glasværket A/S
202020212022202320242025Change
Revenuenot statednot statednot statednot statednot statednot stated–
Gross profit5,2103,2165,4063,8375,6177,816+39.1%
Operating profit (EBIT)–1,1173,361−25,0091,17221,465+1,731.7%
Profit before tax2,4851642,399−26,0345020,344+40,935.7%
Net profit1,9351261,869−20,3113615,859+43,994.6%
Total assets96,18695,04597,04267,42865,57178,672+20%
Equity37,85437,98139,84919,53819,57435,433+81%
Liabilities48,91547,61147,20743,75142,32436,045−14.8%
Cash and cash equivalents261,42671,5791−99.9%
Average number of employees3322220%

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 0DKK 1mDKK 2mDKK 3mDKK 4mDKK 5mDKK 6mDKK 7mDKK 8m202020212022202320242025
Gross profitMedian, the industry (1,780 companies)

Annual reports

6 financial years
Annual reports for Glasværket A/S
Financial yearPeriodPublishedFigures forDocuments
202501/01/2025 – 31/12/202520/05/2026The companyPDF not statedXBRL
202401/01/2024 – 31/12/202402/07/2025The companyPDFXBRL
202301/01/2023 – 31/12/202329/06/2024The companyPDFXBRL
202201/01/2022 – 31/12/202207/06/2023The companyPDFXBRL
202101/01/2021 – 31/12/202115/06/2022The companyPDFXBRL
202001/01/2020 – 31/12/202003/05/2021The 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
01234509/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/2608/26
Employees

Position in the industry

1,780 companies in the database

Comparison with the other companies in renting of commercial property based on the latest financial year.

Gross profitDKK 7.8mNo. 269 of 1,763
Better than 85% of the companies in the industry
EquityDKK 35.4mNo. 541 of 1,780
Better than 70% of the companies in the industry
Number of employees5No. 395 of 1,780
Better than 78% of the companies in the industry

Industry median: gross profit DKK 1.5m, net profit DKK 430k, equity DKK 13.7m, 1 employees.

DKK 100kDKK 1.1mDKK 11.2mDKK 118.3mDKK 569.9mHere
Distribution of gross profit for 1,591 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. 7,224of 69,742
Better than 90%
No. 3,969of 69,964
Better than 94%
Same industry and fewer than 20 employees1,723 companies in the comparison
No. 234of 1,711
Better than 86%
No. 508of 1,723
Better than 71%
Companies that are at least 30 years old10,276 companies in the comparison
No. 4,694of 10,152
Better than 54%
No. 2,501of 10,275
Better than 76%
All companies of type A/S18,025 companies in the comparison
No. 10,081of 17,786
Better than 43%
No. 4,473of 18,024
Better than 75%

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

Renting of commercial property
Gross profit
  1. Glasværket A/SDKK 7.8m
  2. Jeudan A/SDKK 1.3bn
  3. Euro Steel 1988 ApSDKK 719.3m
Net profit
  1. Glasværket A/SDKK 15.9m
  2. Jeudan A/SDKK 1bn
  3. Euro Steel 1988 ApSDKK 180.9m
Equity
  1. Glasværket A/SDKK 35.4m
  2. Jeudan A/SDKK 13.1bn
  3. Euro Steel 1988 ApSDKK 1.8bn
Employees
  1. Glasværket A/S5
  2. Jeudan A/S249
  3. Euro Steel 1988 ApS4

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
  • JTR Erhvervsejendomme A/S100%
Glasværket A/S

Management

4 active registrations

Executive management

Executive management at Glasværket A/S
NameRoleAppointed
Tina Reinholdt MilvertzDirector14/09/2023

Board of directors

Board of directors at Glasværket A/S
NameRoleAppointed
Jan MilvertzChair of the board02/10/2006
Tina Reinholdt MilvertzBoard member15/01/2026
Rikke Nisted MilvertzBoard member15/01/2026
Founders
Henning Normann Petersen, Thomas Seiling Petersen, Ab Catering Slagelse A/S, Jmi Gruppen A/S
Former management (20)
Former management at Glasværket A/S
NameRoleAppointedResigned
Henning Normann PetersenBoard member22/10/199427/04/2000
Carsten Erik Schak DahlBoard member22/10/199427/04/2000
Torben Hjort FriderichsenChair of the board22/10/199402/10/2006
Thomas Seiling PetersenBoard member22/10/199427/04/2000
Thomas Seiling PetersenDirector22/10/199423/01/1996
Jan MilvertzDirector30/12/199502/10/2006
Nancy Kruse MilvertzBoard member27/04/200013/04/2004
Bente Susanne WintherBoard member27/04/200013/04/2004
Michael VintherBoard member13/03/200426/01/2024
Per Søndergaard PedersenBoard member11/05/200622/03/2007
Michael Rutkjær JensenBoard member22/03/200715/01/2026
Jan RasmussenDirector01/10/200731/07/2009
Michael Rutkjær JensenCEO01/08/200901/10/2013
Jesper GamDirector01/11/200901/05/2012
Lars Tommy GammelgaardDirector01/05/201201/10/2013
Christian JørgensenDirector01/10/201331/01/2015
Sven LyseDirector01/02/201530/04/2017
Poul Calmer MøllerDirector01/05/201701/10/2018
Morten DalgaardDirector01/10/201814/09/2023
Sanne Lynge MilvertzBoard member26/01/202415/01/2026

Signing rule: Selskabet tegnes af alle bestyrelsesmedlemmerne i forening eller af 1 bestyrelsesmedlem i forening med 1 direktør.

Address and production units

1 active production units

Norvangen 3D
4220 Korsør

Slagelse Municipality · Postcode 4220

Other companies at the address (3)

Production units
Production unitAddressEmployeesP number
GLASVÆRKET A/SNorvangen 3D, 1, 4220 Korsør51001430821

Purpose

Selskabets formål er at drive investeringsvirksomhed samt eje og udleje fast ejendom.

The purpose is quoted from the register in Danish.

Changes year by year

63 registered events
20265 changesaccounts 1 · management 4
  • Annual report for 2025 published
  • Rikke Nisted Milvertz appointed board member
  • Tina Reinholdt Milvertz appointed board member
  • Sanne Lynge Milvertz stepped down as board member
  • Michael Rutkjær Jensen stepped down as board member
20251 changeaccounts 1
  • Annual report for 2024 published
20243 changesaccounts 1 · management 2
  • Annual report for 2023 published
  • Sanne Lynge Milvertz appointed board member
  • Michael Vinther stepped down as board member
20233 changesmanagement 2 · accounts 1
  • Tina Reinholdt Milvertz appointed director
  • Morten Dalgaard stepped down as director
  • Annual report for 2022 published
20221 changeaccounts 1
  • Annual report for 2021 published
20211 changeaccounts 1
  • Annual report for 2020 published
20183 changesaddress 1 · management 2
  • Moved to Norvangen 3D, 1, 4220 Korsør
  • Morten Dalgaard appointed director
  • Poul Calmer Møller stepped down as director
20173 changesownership 1 · management 2
  • NYKREDIT BANK A/S is no longer registered as owner
  • Poul Calmer Møller appointed director
  • Sven Lyse stepped down as director
20152 changesmanagement 2
  • Sven Lyse appointed director
  • Christian Jørgensen stepped down as director
20135 changesname 1 · management 3 · address 1
  • Name changed from VESTSJÆLLANDS INVEST A/S to GLASVÆRKET A/S
  • Christian Jørgensen appointed director
  • Lars Tommy Gammelgaard stepped down as director
  • Michael Rutkjær Jensen stepped down as ceo
  • Moved to Norvangen 3D, 1. O. D, 4220 Korsør
20122 changesmanagement 2
  • Lars Tommy Gammelgaard appointed director
  • Jesper Gam stepped down as director
20113 changesownership 2 · address 1
  • NYKREDIT BANK A/S registered as owner (0%)
  • JTR Erhvervsejendomme A/S registered as owner (100%)
  • Moved to Norvangen 3D, 2. opgb, 4220 Korsør
20094 changesmanagement 3 · address 1
  • Jesper Gam appointed director
  • Moved to Schweizerpladsen 1A, 1, 4200 Slagelse
  • Michael Rutkjær Jensen appointed ceo
  • Jan Rasmussen stepped down as director
20074 changesmanagement 3 · address 1
  • Jan Rasmussen appointed director
  • Michael Rutkjær Jensen appointed board member
  • Per Søndergaard Pedersen stepped down as board member
  • Moved to Schweizerpladsen 1A, 4200 Slagelse
20064 changesmanagement 4
  • Jan Milvertz appointed chair of the board
  • Jan Milvertz stepped down as director
  • Torben Hjort Friderichsen stepped down as chair of the board
  • Per Søndergaard Pedersen appointed board member
20043 changesmanagement 3
  • Nancy Kruse Milvertz stepped down as board member
  • Bente Susanne Winther stepped down as board member
  • Michael Vinther appointed board member
20031 changeaddress 1
  • Moved to Schweizerpladsen 1A, 4200 Slagelse
20006 changescapital 1 · management 5
  • Share capital changed from 500,000 DKK to 1,000,000 DKK
  • Nancy Kruse Milvertz appointed board member
  • Bente Susanne Winther appointed board member
  • Henning Normann Petersen stepped down as board member
  • Thomas Seiling Petersen stepped down as board member
  • Carsten Erik Schak Dahl stepped down as board member
19962 changesname 1 · management 1
  • Name changed from KØDGROSSISTEN A/S, SLAGELSE to VESTSJÆLLANDS INVEST A/S
  • Thomas Seiling Petersen stepped down as director
19951 changemanagement 1
  • Jan Milvertz appointed director
19946 changesfounded 1 · management 5
  • Registered as KØDGROSSISTEN A/S, SLAGELSE
  • Thomas Seiling Petersen appointed director
  • Henning Normann Petersen appointed board member
  • Thomas Seiling Petersen appointed board member
  • Torben Hjort Friderichsen appointed chair of the board
  • Carsten Erik Schak Dahl appointed board member

Related companies

Same industry in Slagelse

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Same people in management

Largest in the industry

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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.

View in CVRReport a correction