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HB Products A/S

Public limited companyCVR 26693934HasselagerActive

HB Products A/S is a public limited company, based in Hasselager, active in manufacture of instruments and appliances for measuring, testing and navigation, founded in 2002. Net profit fell 14% from 2024 to 2025, ending at DKK 6m. With 32 employees, the company is about 5 times larger than the industry median. 7 people are registered in the company's management and ownership.

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Key figures · financial year 2025

Gross profitDKK 27.9m+0.4% vs. 2024
Net profitDKK 6m−13.9% vs. 2024
EquityDKK 13.6m−6.2% vs. 2024
Employees32latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Net profit fell 14% (2024 → 2025), to DKK 6m.
  • Equity fell 6% (2024 → 2025), to DKK 13.6m.

Employees

  • 1 more employees than a year earlier: 32 (08/2026) against 31 (08/2025).

Management and owners, last 24 months

  • New in management: Niels Aage Rahbek (board member, 20/11/2024), Jonas Elstrøm Jensen (director, 01/12/2025) and Christina Holm Nielsen (director, 01/12/2025).
  • Stepped down: Michael Elstrøm Jensen (director, 01/12/2025) and Martin Normann Møller (board member, 20/11/2024).

Registrations, last 24 months

  • 01/01/2025: Industry changed to Manufacture of instruments and appliances for measuring, testing and navigation (265100)

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 2mDKK 4mDKK 6mDKK 8mDKK 10mDKK 12mDKK 14m202020212022202320242025
EquityNet profit
Financial figures for HB Products A/S
202020212022202320242025Change
Revenuenot statednot statednot statednot statednot statednot stated–
Gross profit19,04720,16024,35924,66227,81827,923+0.4%
Operating profit (EBIT)6,283–6,2068,4549,3718,253−11.9%
Profit before tax6,0365,5495,9488,0428,9357,739−13.4%
Net profit4,7204,3344,6516,2706,9655,998−13.9%
Total assets18,69723,95424,37531,99329,88430,400+1.7%
Equity10,2379,57110,72212,62714,45513,553−6.2%
Liabilities8,23014,20113,48518,93314,98016,372+9.3%
Cash and cash equivalents3673001478995601,058+88.9%
Average number of employees2223232730300%

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 5mDKK 10mDKK 15mDKK 20mDKK 25mDKK 30m202020212022202320242025
Gross profitMedian, the industry (140 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 HB Products A/S
Financial yearPeriodPublishedFigures forDocuments
202501/07/2024 – 30/06/202519/11/2025The companyPDF not statedXBRL
202401/07/2023 – 30/06/202425/11/2024The companyPDFXBRL
202301/07/2022 – 30/06/202323/11/2023The companyPDFXBRL
202201/07/2021 – 30/06/202217/11/2022The companyPDFXBRL
202101/07/2020 – 30/06/202112/11/2021The companyPDFXBRL
202001/07/2019 – 30/06/202019/11/2020The 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
0510152025303509/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/2608/26
Employees

Position in the industry

140 companies in the database

Comparison with the other companies in manufacture of instruments and appliances for measuring, testing and navigation based on the latest financial year.

Gross profitDKK 27.9mNo. 40 of 140
Better than 72% of the companies in the industry
EquityDKK 13.6mNo. 52 of 140
Better than 63% of the companies in the industry
Number of employees32No. 41 of 140
Better than 71% of the companies in the industry

Industry median: gross profit DKK 5.6m, net profit DKK 614k, equity DKK 4.2m, 7 employees.

DKK 100kDKK 1.3mDKK 15.9mDKK 200.3mDKK 1.1bnHere
Distribution of gross profit for 132 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 20–49 employees9,922 companies in the comparison
No. 1,541of 9,892
Better than 84%
No. 2,425of 9,922
Better than 76%
Same industry and 20–49 employees22 companies in the comparison
No. 13of 22
Better than 43%
No. 17of 22
Better than 24%
Companies that are between 15 and 29 years old24,910 companies in the comparison
No. 2,537of 24,791
Better than 90%
No. 5,574of 24,909
Better than 78%
All companies of type A/S18,025 companies in the comparison
No. 4,621of 17,786
Better than 74%
No. 7,579of 18,024
Better than 58%

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 instruments and appliances for measuring, testing and navigation
Gross profit
  1. HB Products A/SDKK 27.9m
  2. Radiometer Medical ApSDKK 2.5bn
  3. Kamstrup A/SDKK 1.5bn
Net profit
  1. HB Products A/SDKK 6m
  2. Radiometer Medical ApSDKK 851m
  3. Kamstrup A/SDKK 503.3m
Equity
  1. HB Products A/SDKK 13.6m
  2. Radiometer Medical ApSDKK 4.3bn
  3. Kamstrup A/SDKK 1.6bn
Employees
  1. HB Products A/S32
  2. Radiometer Medical ApS1,292
  3. Kamstrup A/S1,226

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
  • HB Products Holding ApS100%
HB Products A/S

Management

6 active registrations

Executive management

Executive management at HB Products A/S
NameRoleAppointed
Jonas Elstrøm JensenDirector01/12/2025
Christina Holm NielsenDirector01/12/2025

Board of directors

Board of directors at HB Products A/S
NameRoleAppointed
Michael Elstrøm JensenBoard member15/07/2002
Torben LundBoard member27/12/2012
Carsten Lykke WædeledChair of the board17/11/2020
Niels Aage RahbekBoard member20/11/2024
Founders
Anpartsselskabet Stakemann
Former management (19)
Former management at HB Products A/S
NameRoleAppointedResigned
Kim MadsenBoard member05/07/200215/07/2002
Kim MadsenDirector05/07/200215/07/2002
Helle Garde CarlsenBoard member05/07/200215/07/2002
Annemette HellerChair of the board05/07/200215/07/2002
Knud Fisker MarkussenBoard member15/07/200226/11/2018
Knud Fisker MarkussenDirector15/07/200201/10/2011
Michael Elstrøm JensenDirector22/08/200801/12/2025
Marianne Therese RolinBoard member27/02/200925/08/2009
Erik JensenBoard member25/08/200915/09/2010
Carsten Birk NielsenChair of the board15/09/201017/11/2020
Michael Falck SchmidtBoard member15/09/201027/12/2012
Peter Kristian RolinBoard member15/09/201019/09/2012
Mark KristensenDirector29/10/201027/05/2016
Martin Mozart ErnstBoard member27/12/201230/10/2020
Martin Mozart ErnstDirector25/06/201509/11/2020
Jesper Kurt NielsenDirector27/05/201613/10/2017
Morten Wittrup PræstbrogaardBoard member30/10/201723/10/2018
Carsten Lykke WædeledBoard member26/11/201816/11/2020
Martin Normann MøllerBoard member17/11/202020/11/2024

Signing rule: Selskabet tegnes af den samlede bestyrelse eller af to bestyrelsesmedlemmer i forening eller af et bestyrelsesmedlem i forening med en direktør

Address and production units

1 active production units

Bøgekildevej 21
8361 Hasselager

Aarhus Municipality · Postcode 8361

Production units
Production unitAddressEmployeesP number
HB PRODUCTS A/SBøgekildevej 21, 8361 Hasselager321009209669

Purpose

Selskabets formål er at drive virksomhed inden for fremstilling og udvikling af tekniske produkter samt direkte eller indirekte at drive anden virksomhed, der efter bestyrelsens skøn er forbundet hermed

The purpose is quoted from the register in Danish.

Changes year by year

60 registered events
20255 changesmanagement 3 · accounts 1 · industry 1
  • Jonas Elstrøm Jensen appointed director
  • Christina Holm Nielsen appointed director
  • Michael Elstrøm Jensen stepped down as director
  • Annual report for 2025 published
  • Industry changed to Manufacture of instruments and appliances for measuring, testing and navigation (265100)
20243 changesaccounts 1 · management 2
  • Annual report for 2024 published
  • Niels Aage Rahbek appointed board member
  • Martin Normann Møller stepped down as board member
20231 changeaccounts 1
  • Annual report for 2023 published
20221 changeaccounts 1
  • Annual report for 2022 published
20212 changesaccounts 1 · address 1
  • Annual report for 2021 published
  • Moved to Bøgekildevej 21, 8361 Hasselager
20207 changesaccounts 1 · management 6
  • Annual report for 2020 published
  • Martin Normann Møller appointed board member
  • Carsten Lykke Wædeled appointed chair of the board
  • Carsten Birk Nielsen stepped down as chair of the board
  • Carsten Lykke Wædeled stepped down as board member
  • Martin Mozart Ernst stepped down as director
  • Martin Mozart Ernst stepped down as board member
20183 changesmanagement 3
  • Carsten Lykke Wædeled appointed board member
  • Knud Fisker Markussen stepped down as board member
  • Morten Wittrup Præstbrogaard stepped down as board member
20172 changesmanagement 2
  • Morten Wittrup Præstbrogaard appointed board member
  • Jesper Kurt Nielsen stepped down as director
20162 changesmanagement 2
  • Jesper Kurt Nielsen appointed director
  • Mark Kristensen stepped down as director
20151 changemanagement 1
  • Martin Mozart Ernst appointed director
20124 changesmanagement 4
  • Torben Lund appointed board member
  • Martin Mozart Ernst appointed board member
  • Michael Falck Schmidt stepped down as board member
  • Peter Kristian Rolin stepped down as board member
20111 changemanagement 1
  • Knud Fisker Markussen stepped down as director
20105 changesmanagement 5
  • Mark Kristensen appointed director
  • Peter Kristian Rolin appointed board member
  • Michael Falck Schmidt appointed board member
  • Carsten Birk Nielsen appointed chair of the board
  • Erik Jensen stepped down as board member
20093 changesmanagement 3
  • Erik Jensen appointed board member
  • Marianne Therese Rolin stepped down as board member
  • Marianne Therese Rolin appointed board member
20083 changesmanagement 1 · address 1 · industry 1
  • Michael Elstrøm Jensen appointed director
  • Moved to Bøgekildevej 21, 8361 Hasselager
  • Industry changed to Manufacture of instruments and appliances for measuring, testing and navigation (265100)
20071 changeownership 1
  • HB PRODUCTS HOLDING ApS registered as owner (100%)
200216 changesname 1 · address 1 · capital 1 · management 11 · industry 1 · founded 1
  • Name changed from A/S PSE 38 NR. 2429 to HB PRODUCTS A/S
  • Moved to Jegstrupvej 34, 8361 Hasselager
  • Share capital changed from 500,000 DKK to 600,000 DKK
  • Knud Fisker Markussen appointed director
  • Michael Elstrøm Jensen appointed board member
  • Knud Fisker Markussen appointed board member
  • Kim Madsen stepped down as director
  • Annemette Heller stepped down as chair of the board
  • Helle Garde Carlsen stepped down as board member
  • Kim Madsen stepped down as board member
  • Industry changed to Fremstilling af andet elektrisk og elektronisk udstyr i øvrigt (316290)
  • Registered as A/S PSE 38 NR. 2429
  • Kim Madsen appointed director
  • Annemette Heller appointed chair of the board
  • Helle Garde Carlsen appointed board member
  • Kim Madsen appointed board member

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