HGSystem ApS
Private limited companyCVR 44219425RyslingeActive
HGSystem ApS is a private limited company, based in Ryslinge, active in manufacture of electric motors, generators and transformers, founded in 2023. The company made a loss in both 2024 and 2025, most recently DKK 2.5m. Equity fell to DKK 2.4m in 2025. 6 other companies in the database are registered at the same address.
Key figures · financial year 2025
What has changed
calculated from recorded figures and datesFinancials: 2025 against 2024
- Gross profit rose 327% (2024 → 2025), to DKK 785k.
- The loss got smaller: from DKK 3.9m to DKK 2.5m (2024 → 2025).
- Equity fell 51% (2024 → 2025), to DKK 2.4m.
Employees
- 3 more employees than a year earlier: 9 (07/2026) against 6 (07/2025).
Management and owners, last 24 months
- New in management: Mikkel Jensby Lund (chair of the board, 28/01/2026) and Rune Eilertsen (board member, 28/01/2026).
Registrations, last 24 months
- 11/02/2026: Moved to Hestehavevej 22, 5856 Ryslinge
- 01/01/2025: Industry changed to Manufacture of electric motors, generators and transformers (271100)
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 2024–2025 · amounts in DKK thousandEquity and net profit
| 2024 | 2025 | Change | |
|---|---|---|---|
| Revenue | not stated | not stated | – |
| Gross profit | 184 | 785 | +326.9% |
| Operating profit (EBIT) | −4,339 | −3,220 | +25.8% |
| Profit before tax | −4,578 | −3,540 | +22.7% |
| Net profit | −3,863 | −2,476 | +35.9% |
| Total assets | 12,647 | 9,992 | −21% |
| Equity | 4,873 | 2,396 | −50.8% |
| Liabilities | 7,774 | 7,596 | −2.3% |
| Cash and cash equivalents | 1 | 1 | +0.2% |
| Average number of employees | 3 | 5 | +66.7% |
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 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
Signals from the financial statements
calculated from the 2025 figuresLoss for 2 years in a row
Net result has been negative in 2024–2025.
How is this calculated?
Net result is negative in the two or more latest annual reports in a row.
Equity fell sharply
Equity fell 51% from 2024 to 2025 (DKK 4.9m to DKK 2.4m).
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
2 financial years| Financial year | Period | Published | Figures for | Documents |
|---|---|---|---|---|
| 2025 | 01/01/2025 – 31/12/2025 | 30/06/2026 | The company | PDF not statedXBRL |
| 2024 | 05/08/2023 – 31/12/2024 | 01/07/2025 | The company | PDFXBRL |
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 CVRPosition in the industry
29 companies in the databaseComparison with the other companies in manufacture of electric motors, generators and transformers based on the latest financial year.
Industry median: gross profit DKK 5.2m, net profit DKK 318k, equity DKK 5m, 13 employees.
Compared with similar companies
size, age and company form| Group | Gross profit | Equity |
|---|---|---|
| Companies with fewer than 20 employees69,967 companies in the comparison | No. 48,817of 69,742 Better than 30% | No. 22,042of 69,964 Better than 68% |
| Same industry and fewer than 20 employees17 companies in the comparison | No. 11of 17 Better than 38% | No. 9of 17 Better than 50% |
| Companies that are founded within the last five years16,662 companies in the comparison | No. 10,310of 16,614 Better than 38% | No. 2,158of 16,661 Better than 87% |
| All companies of type ApS66,508 companies in the comparison | No. 46,989of 66,379 Better than 29% | No. 18,363of 66,505 Better than 72% |
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 electric motors, generators and transformers- HGSystem ApSDKK 785k
- Linak A/SDKK 1.1bn
- Itw Gse ApSDKK 280.2m
- HGSystem ApS−DKK 2.5m
- Linak A/SDKK 272.5m
- Itw Gse ApSDKK 146.8m
- HGSystem ApSDKK 2.4m
- Linak A/SDKK 2.6bn
- Itw Gse ApSDKK 268.8m
- HGSystem ApS9
- Linak A/S1,180
- Itw Gse ApS118
Latest financial year per company. Choose up to three companies from the largest in the industry.
Owners and group
from the Public Ownership Register- HGSystem Holding ApS100%
Management
3 active registrationsExecutive management
| Name | Role | Appointed |
|---|---|---|
| Rune Eilertsen | Director | 05/08/2023 |
Board of directors
| Name | Role | Appointed |
|---|---|---|
| Mikkel Jensby Lund | Chair of the board | 28/01/2026 |
| Rune Eilertsen | Board member | 28/01/2026 |
- Founders
- HGSystem Holding ApS
Signing rule: Selskabet tegnes af ét medlem af bestyrelsen i forening med én direktør, eller af to medlemmer af bestyrelsen i forening eller af den samlede bestyrelse.
Address and production units
1 active production unitsHestehavevej 22
5856 Ryslinge
Faaborg-Midtfyn Municipality · Postcode 5856
Other companies at the address (6)
- Almexa A/SMachining of metals
- Peter Thuesen ApSManufacture of furniture
- Tesberg ApSOther repair and maintenance of motor vehicles n.e.c.
- Kagegrisen.dk ApSWholesale of sugar and chocolate and sugar confectionery
- Fyns Bogbind ApSBinding and related services
| Production unit | Address | Employees | P number |
|---|---|---|---|
| HGSystem ApS | Hestehavevej 22, 5856 Ryslinge | 10 | 1029527152 |
Purpose
Selskabets formål er at udøve virksomhed med handel og service samt aktiviteter i tilknytning hertil.
The purpose is quoted from the register in Danish.
Changes year by year
9 registered events20264 changesaccounts 1 · address 1 · management 2
- AccountsAnnual report for 2025 published
- AddressMoved to Hestehavevej 22, 5856 Ryslinge
- ManagementMikkel Jensby Lund appointed chair of the board
- ManagementRune Eilertsen appointed board member
20252 changesaccounts 1 · industry 1
- AccountsAnnual report for 2024 published
- IndustryIndustry changed to Manufacture of electric motors, generators and transformers (271100)
20233 changesfounded 1 · management 1 · ownership 1
- FoundedRegistered as HGSystem ApS
- ManagementRune Eilertsen appointed director
- OwnershipHGSystem Holding ApS registered as owner (100%)
Related companies
Same people in management
- Alpha Offshore Service A/Svia Mikkel Jensby Lund
- Hybridgenerator Apsvia Rune Eilertsen
- Tømrerfirmaet Henning Pedersen A/Svia Mikkel Jensby Lund
- Global Wind Academy ApSvia Mikkel Jensby Lund
- HG Rental ApSvia Rune Eilertsen
Largest in the industry
- Linak A/SDKK 1.1bn
- Itw Gse ApSDKK 280.2m
- PM Energi A/SDKK 114.6m
- Ec Power A/SDKK 63.1m
- Baettr Sales & Services A/SDKK 46.1m
- Danisense A/SDKK 37.1m
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.