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H2o Sportswear A/S

Public limited companyCVR 34687641Aarhus CActive

H2o Sportswear A/S is a public limited company, based in Aarhus C, active in wholesale of clothing, founded in 2012. The company went from a profit in 2024 to a loss of DKK 1.1m in 2025. Equity fell to DKK 8.2m in 2025. 6 people are registered in the company's management and ownership.

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Key figures · financial year 2025

Gross profitDKK 4.6m−34.6% vs. 2024
Net profit−DKK 1.1m−210.6% vs. 2024
EquityDKK 8.2m−35% vs. 2024
Employees8latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Gross profit fell 35% (2024 → 2025), to DKK 4.6m.
  • Net profit went from a profit of DKK 1m to a loss of DKK 1.1m (2024 → 2025).
  • Equity fell 35% (2024 → 2025), to DKK 8.2m.

Employees

  • 2 fewer employees than a year earlier: 8 (08/2026) against 10 (08/2025).

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 2mDKK 0DKK 2mDKK 4mDKK 6mDKK 8mDKK 10mDKK 12mDKK 14mDKK 16m202020212022202320242025
EquityNet profit
Financial figures for H2o Sportswear A/S
202020212022202320242025Change
Revenuenot statednot statednot statednot statednot statednot stated–
Gross profit7,94013,16714,3629,2807,0034,583−34.6%
Operating profit (EBIT)1,9466,4026,5081,9841,399−1,185−184.7%
Profit before tax1,6536,5576,6851,8521,323−1,441−208.9%
Net profit1,2855,0945,2031,4251,027−1,136−210.6%
Total assets21,89526,57631,13618,55519,08619,487+2.1%
Equity6,29911,39216,59614,02112,5488,163−35%
Liabilities15,59614,67114,3764,4936,53811,324+73.2%
Cash and cash equivalents1313304244194565+191.5%
Average number of employees78811880%

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 2mDKK 4mDKK 6mDKK 8mDKK 10mDKK 12mDKK 14m202020212022202320242025
Gross profitMedian, the industry (356 companies)

Signals from the financial statements

calculated from the 2025 figures

  • Equity fell sharply

    Equity fell 35% from 2024 to 2025 (DKK 12.5m to DKK 8.2m).

    How is this calculated?

    Equity has fallen by at least 30% from the previous annual report, and it was positive the year before.

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 H2o Sportswear A/S
Financial yearPeriodPublishedFigures forDocuments
202501/01/2025 – 31/12/202514/04/2026The companyPDF not statedXBRL
202401/01/2024 – 31/12/202414/04/2025The companyPDFXBRL
202301/01/2023 – 31/12/202324/04/2024The companyPDFXBRL
202201/01/2022 – 31/12/202212/04/2023The companyPDFXBRL
202101/01/2021 – 31/12/202109/03/2022The companyPDFXBRL
202001/01/2020 – 31/12/202019/04/2021The 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
024681012141609/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/2608/26
Employees

Position in the industry

356 companies in the database

Comparison with the other companies in wholesale of clothing based on the latest financial year.

Gross profitDKK 4.6mNo. 168 of 356
Better than 53% of the companies in the industry
EquityDKK 8.2mNo. 124 of 356
Better than 65% of the companies in the industry
Number of employees8No. 136 of 356
Better than 62% of the companies in the industry

Industry median: gross profit DKK 3.9m, net profit DKK 258k, equity DKK 3.4m, 5 employees.

DKK 100kDKK 1.3mDKK 17.2mDKK 224.7mDKK 1.2bnHere
Distribution of gross profit for 331 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. 14,812of 69,742
Better than 79%
No. 10,338of 69,964
Better than 85%
Same industry and fewer than 20 employees258 companies in the comparison
No. 72of 258
Better than 72%
No. 44of 258
Better than 83%
Companies that are between 5 and 14 years old33,688 companies in the comparison
No. 9,312of 33,588
Better than 72%
No. 4,291of 33,687
Better than 87%
All companies of type A/S18,025 companies in the comparison
No. 12,304of 17,786
Better than 31%
No. 9,566of 18,024
Better than 47%

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

Wholesale of clothing
Gross profit
  1. H2o Sportswear A/SDKK 4.6m
  2. DK Company A/SDKK 2.9bn
  3. Sports Connection ApSDKK 439.2m
Net profit
  1. H2o Sportswear A/S−DKK 1.1m
  2. DK Company A/SDKK 309.3m
  3. Sports Connection ApSDKK 315.1m
Equity
  1. H2o Sportswear A/SDKK 8.2m
  2. DK Company A/SDKK 1.3bn
  3. Sports Connection ApSDKK 620.5m
Employees
  1. H2o Sportswear A/S8
  2. DK Company A/S467
  3. Sports Connection ApS76

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
  • C. Trads Holding ApS10%
  • Angu Holding ApS10%
  • H2o Sportswear Holding ApS66.67%
H2o Sportswear A/S

Management

5 active registrations

Executive management

Executive management at H2o Sportswear A/S
NameRoleAppointed
Mikkel Schmidt ChristensenDirector04/10/2016
Christian Trads HansenDirector04/10/2016

Board of directors

Board of directors at H2o Sportswear A/S
NameRoleAppointed
Torben HartvigsenBoard member16/08/2012
Sisse Droob KnudsenBoard member16/08/2012
Kristian Tanderup KristensenChair of the board22/05/2019
Founders
Noch2o ApS
Former management (4)
Former management at H2o Sportswear A/S
NameRoleAppointedResigned
Torben HartvigsenDirector16/08/201204/10/2016
Jan SnogdalBoard member16/08/201222/05/2019
Dennis Vad LauridsenChair of the board16/08/201221/05/2019
Dennis Vad LauridsenBoard member22/05/201919/10/2020

Signing rule: Selskabet tegnes af én direktør sammen med bestyrelsesformanden eller af den samlede bestyrelse.

Address and production units

1 active production units

Balticagade 10
8000 Aarhus C

Aarhus Municipality · Postcode 8000

Production units
Production unitAddressEmployeesP number
H2O SPORTSWEAR A/SBalticagade 10, 2, 8000 Aarhus C81017863912

Purpose

Selskabets formål er handel med tekstiler og sportsartikler samt enhver virksomhed, der efter bestyrelsens skøn står i forbindelse hermed.

The purpose is quoted from the register in Danish.

Changes year by year

38 registered events
20261 changeaccounts 1
  • Annual report for 2025 published
20251 changeaccounts 1
  • Annual report for 2024 published
20241 changeaccounts 1
  • Annual report for 2023 published
20231 changeaccounts 1
  • Annual report for 2022 published
20222 changesaddress 1 · accounts 1
  • Moved to Balticagade 10, 2, 8000 Aarhus C
  • Annual report for 2021 published
20214 changesaccounts 1 · ownership 3
  • Annual report for 2020 published
  • H2O SPORTSWEAR HOLDING ApS registered as owner (66.67%)
  • HARTCON HOLDING ApS is no longer registered as owner
  • AQUA2 HOLDING ApS is no longer registered as owner
20204 changesmanagement 1 · ownership 3
  • Dennis Vad Lauridsen stepped down as board member
  • HARTCON HOLDING ApS registered as owner (33.33%)
  • AQUA2 HOLDING ApS registered as owner (33.33%)
  • H2O SPORTSWEAR HOLDING ApS is no longer registered as owner
20194 changesmanagement 4
  • Dennis Vad Lauridsen appointed board member
  • Kristian Tanderup Kristensen appointed chair of the board
  • Jan Snogdal stepped down as board member
  • Dennis Vad Lauridsen stepped down as chair of the board
20164 changesownership 1 · management 3
  • NOCH2O ApS is no longer registered as owner
  • Mikkel Schmidt Christensen appointed director
  • Christian Trads Hansen appointed director
  • Torben Hartvigsen stepped down as director
20131 changeaddress 1
  • Moved to Balticagade 10, 2, 8000 Aarhus C
201215 changesownership 8 · capital 1 · founded 1 · management 5
  • H2O SPORTSWEAR HOLDING ApS registered as owner (66.67%)
  • HARTCON HOLDING ApS is no longer registered as owner
  • AQUA2 HOLDING ApS is no longer registered as owner
  • Share capital changed from 750,000 DKK to 2,500,000 DKK
  • Registered as H2O SPORTSWEAR A/S
  • Sisse Droob Knudsen appointed board member
  • Torben Hartvigsen appointed board member
  • Jan Snogdal appointed board member
  • Dennis Vad Lauridsen appointed chair of the board
  • Torben Hartvigsen appointed director
  • HARTCON HOLDING ApS registered as owner (33.33%)
  • NOCH2O ApS registered as owner (10%)
  • C. TRADS HOLDING ApS registered as owner (10%)
  • ANGU HOLDING ApS registered as owner (10%)
  • AQUA2 HOLDING ApS registered as owner (33.33%)

Related companies

Same industry in Aarhus

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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