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Herning Massivtræ A/S

Public limited companyCVR 25449363HerningActive

Herning Massivtræ A/S is a public limited company, based in Herning, active in manufacture of builders' carpentry and joinery, founded in 2000. Net profit fell 39% from 2024 to 2025, ending at DKK 546k. 6 people are registered in the company's management and ownership.

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Key figures · financial year 2025

Gross profitDKK 5.9m−11% vs. 2024
Net profitDKK 546k−38.8% vs. 2024
EquityDKK 10.6m−4.1% vs. 2024
Employees17latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Gross profit fell 11% (2024 → 2025), to DKK 5.9m.
  • Net profit fell 39% (2024 → 2025), to DKK 546k.
  • Equity fell 4% (2024 → 2025), to DKK 10.6m.

Employees

  • 1 more employees than a year earlier: 17 (08/2026) against 16 (08/2025).

Management and owners, last 24 months

  • New in management: Tobias Viborg Grønvald (board member, 01/01/2025).

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 0DKK 2mDKK 4mDKK 6mDKK 8mDKK 10mDKK 12mDKK 14m202020212022202320242025
EquityNet profit
Financial figures for Herning Massivtræ A/S
202020212022202320242025Change
Revenuenot statednot statednot statednot statednot statednot stated–
Gross profit8,43710,47811,9077,6466,6715,939−11%
Operating profit (EBIT)4,3255,6246,4541,8171,6211,029−36.5%
Profit before tax4,0695,5256,2021,3691,147703−38.7%
Net profit3,1714,3084,8371,057892546−38.8%
Total assets18,32818,45823,70922,47821,27222,200+4.4%
Equity11,38812,94713,58411,14111,03210,579−4.1%
Liabilities6,9195,4039,88111,1309,81011,170+13.9%
Cash and cash equivalents13451011+4.6%
Average number of employees161917171716−5.9%

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. 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 12m202020212022202320242025
Gross profitMedian, the industry (67 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 Herning Massivtræ A/S
Financial yearPeriodPublishedFigures forDocuments
202501/01/2025 – 31/12/202508/03/2026The companyPDF not statedXBRL
202401/01/2024 – 31/12/202406/03/2025The companyPDFXBRL
202301/01/2023 – 31/12/202309/04/2024The companyPDFXBRL
202201/01/2022 – 31/12/202201/05/2023The companyPDFXBRL
202101/01/2021 – 31/12/202108/04/2022The companyPDFXBRL
202001/01/2020 – 31/12/202026/04/2021The 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
0510152009/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/2608/26
Employees

Position in the industry

67 companies in the database

Comparison with the other companies in manufacture of builders' carpentry and joinery based on the latest financial year.

Gross profitDKK 5.9mNo. 32 of 67
Better than 53% of the companies in the industry
EquityDKK 10.6mNo. 19 of 67
Better than 73% of the companies in the industry
Number of employees17No. 24 of 67
Better than 65% of the companies in the industry

Industry median: gross profit DKK 5.3m, net profit DKK 452k, equity DKK 3.1m, 9 employees.

DKK 100kDKK 896kDKK 8mDKK 72mDKK 310.9mHere
Distribution of gross profit for 66 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. 10,837of 69,742
Better than 84%
No. 8,734of 69,964
Better than 88%
Same industry and fewer than 20 employees45 companies in the comparison
No. 10of 45
Better than 80%
No. 4of 45
Better than 93%
Companies that are between 15 and 29 years old24,910 companies in the comparison
No. 8,709of 24,791
Better than 65%
No. 6,488of 24,909
Better than 74%
All companies of type A/S18,025 companies in the comparison
No. 11,260of 17,786
Better than 37%
No. 8,536of 18,024
Better than 53%

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 builders' carpentry and joinery
Gross profit
  1. Herning Massivtræ A/SDKK 5.9m
  2. Kompan A/SDKK 645.8m
  3. Palsgaard Spær A/SDKK 189.9m
Net profit
  1. Herning Massivtræ A/SDKK 546k
  2. Kompan A/SDKK 491.9m
  3. Palsgaard Spær A/SDKK 34.1m
Equity
  1. Herning Massivtræ A/SDKK 10.6m
  2. Kompan A/SDKK 901.3m
  3. Palsgaard Spær A/SDKK 103.6m
Employees
  1. Herning Massivtræ A/S17
  2. Kompan A/S180
  3. Palsgaard Spær A/S297

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
  • B&mg ApS66.67%
  • Aleks Olesen Holding ApS25%
Herning Massivtræ A/S

Management

5 active registrations

Executive management

Executive management at Herning Massivtræ A/S
NameRoleAppointed
Morten GrønvaldCEO01/01/2018

Board of directors

Board of directors at Herning Massivtræ A/S
NameRoleAppointed
Klaus JørgensenChair of the board01/01/2009
Aleks Ulrik OlesenBoard member01/01/2009
Morten GrønvaldBoard member01/07/2013
Tobias Viborg GrønvaldBoard member01/01/2025
Founders
Bent Sparke
Former management (11)
Former management at Herning Massivtræ A/S
NameRoleAppointedResigned
Jørn KristensenBoard member14/06/200013/04/2003
Allan Ronny Christian StenzBoard member14/06/200026/02/2002
Morten MehlsenBoard member14/06/200031/01/2009
Erik NielsenBoard member26/02/200230/06/2013
Per Lykke JensenBoard member18/05/200520/05/2006
Morten MehlsenDirector31/12/200701/01/2009
Bent SparkeBoard member01/01/200931/03/2019
Bent SparkeCEO01/01/200901/01/2018
Jørgen MølholmBoard member16/06/200919/11/2015
Aleks Ulrik OlesenDirector01/01/201831/03/2019
Bo SollieBoard member01/01/201831/03/2019

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

Address and production units

1 active production units

Cedervej 6
7400 Herning

Herning Municipality · Postcode 7400

Production units
Production unitAddressEmployeesP number
HERNING MASSIVTRÆ A/SCedervej 6, 7400 Herning171004592570

Purpose

Selskabets formål er at drive virksomhed med industri og handel

The purpose is quoted from the register in Danish.

Changes year by year

55 registered events
20261 changeaccounts 1
  • Annual report for 2025 published
20252 changesaccounts 1 · management 1
  • Annual report for 2024 published
  • Tobias Viborg Grønvald appointed board member
20241 changeaccounts 1
  • Annual report for 2023 published
20231 changeaccounts 1
  • Annual report for 2022 published
20221 changeaccounts 1
  • Annual report for 2021 published
20211 changeaccounts 1
  • Annual report for 2020 published
20198 changesownership 5 · management 3
  • B&MG ApS registered as owner (66.67%)
  • ALEKS OLESEN HOLDING ApS registered as owner (25%)
  • EA Holding ApS is no longer registered as owner
  • ALEKS OLESEN HOLDING ApS is no longer registered as owner
  • B&MG ApS is no longer registered as owner
  • Aleks Ulrik Olesen stepped down as director
  • Bo Sollie stepped down as board member
  • Bent Sparke stepped down as board member
201810 changesownership 5 · industry 1 · management 4
  • ALEKS OLESEN HOLDING ApS registered as owner (25%)
  • B&MG ApS registered as owner (50%)
  • EA Holding ApS registered as owner (15%)
  • HERNING MASSIVTRÆ HOLDING ApS is no longer registered as owner
  • B&MG ApS is no longer registered as owner
  • Industry changed to Manufacture of builders' carpentry and joinery (162300)
  • Aleks Ulrik Olesen appointed director
  • Morten Grønvald appointed ceo
  • Bo Sollie appointed board member
  • Bent Sparke stepped down as ceo
20154 changesmanagement 1 · ownership 2 · address 1
  • Jørgen Mølholm stepped down as board member
  • B&MG ApS registered as owner (33.33%)
  • MØLHOLM INVEST A/S is no longer registered as owner
  • Moved to Cedervej 6, 7400 Herning
20132 changesmanagement 2
  • Morten Grønvald appointed board member
  • Erik Nielsen stepped down as board member
20101 changeaddress 1
  • Moved to Avnvej 5, 7400 Herning
200910 changesmanagement 7 · capital 1 · ownership 2
  • Jørgen Mølholm appointed board member
  • Share capital changed from 8,000,000 DKK to 5,000,000 DKK
  • HERNING MASSIVTRÆ HOLDING ApS registered as owner (50%)
  • MØLHOLM INVEST A/S registered as owner (33.33%)
  • Morten Mehlsen stepped down as board member
  • Bent Sparke appointed board member
  • Bent Sparke appointed ceo
  • Klaus Jørgensen appointed chair of the board
  • Aleks Ulrik Olesen appointed board member
  • Morten Mehlsen stepped down as director
20082 changescapital 1 · industry 1
  • Share capital changed from 1,000,000 DKK to 8,000,000 DKK
  • Industry changed to Manufacture of veneer sheets and wood-based panels (162100)
20071 changemanagement 1
  • Morten Mehlsen appointed director
20061 changemanagement 1
  • Per Lykke Jensen stepped down as board member
20051 changemanagement 1
  • Per Lykke Jensen appointed board member
20032 changesaddress 1 · management 1
  • Moved to Avnvej 6-8, 7400 Herning
  • Jørn Kristensen stepped down as board member
20022 changesmanagement 2
  • Erik Nielsen appointed board member
  • Allan Ronny Christian Stenz stepped down as board member
20004 changesfounded 1 · management 3
  • Registered as HERNING MASSIVTRÆ A/S
  • Morten Mehlsen appointed board member
  • Allan Ronny Christian Stenz appointed board member
  • Jørn Kristensen appointed board member

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Same people in management

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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