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Hitachi Rail Denmark A/S

Public limited companyCVR 32075193BallerupActive

Hitachi Rail Denmark A/S is a public limited company, based in Ballerup, active in computer programming activities, founded in 2009. Net profit rose 212% from 2025 to 2026, ending at DKK 118.5m. With 88 employees, the company is about 22 times larger than the industry median. Gross profit is higher than that of 97% of the companies in the industry in the database.

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Key figures · financial year 2026

RevenueDKK 236.4m−4.6% vs. 2025
Net profitDKK 118.5m+212.1% vs. 2025
EquityDKK 318.7m+6.2% vs. 2025
Employees88latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2026 against 2025

  • Gross profit rose 59% (2025 → 2026), to DKK 102.2m.
  • Revenue fell 5% (2025 → 2026), to DKK 236.4m.
  • Net profit rose 212% (2025 → 2026), to DKK 118.5m.
  • Equity rose 6% (2025 → 2026), to DKK 318.7m.

Employees

  • 3 fewer employees than a year earlier: 88 (08/2026) against 91 (08/2025).

Management and owners, last 24 months

  • New owners registered: Hitachi Rail Limited (01/04/2026).
  • No longer registered as owner: Hitachi Rail Gts Holding Limited (01/04/2026).

Registrations, last 24 months

  • 15/04/2026: Name changed from Hitachi Rail GTS Denmark A/S to Hitachi Rail Denmark A/S

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 2020–2026 · amounts in DKK thousand

Equity and net profit

DKK 0DKK 50mDKK 100mDKK 150mDKK 200mDKK 250mDKK 300m202020212022202320252026
EquityNet profit
Financial figures for Hitachi Rail Denmark A/S
202020212022202320252026Change
Revenue206,959298,990294,452243,137247,814236,368−4.6%
Gross profit77,26093,801103,361116,33864,238102,158+59%
Operating profit (EBIT)−13,1938,73410,29534,837−39,83419,858+149.9%
Profit before tax57,71752,44782,26083,52529,915123,757+313.7%
Net profit59,81850,66480,05876,50437,962118,467+212.1%
Total assets673,093886,987839,361607,974564,309507,050−10.1%
Equity84,896135,559211,089262,254300,217318,683+6.2%
Liabilities564,514720,958595,299319,970248,287175,169−29.4%
Cash and cash equivalents171,831271,969210,5664,158164,82230,881−81.3%
Average number of employees879292848687+1.2%

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. The register has no financial statements for 2024 (changed financial year or not filed).

Download the figures as CSV · free with an account, amounts in whole DKK

DKK 0DKK 20mDKK 40mDKK 60mDKK 80mDKK 100mDKK 120m202020212022202320252026
Gross profitMedian, the industry (1,661 companies)

Signals from the financial statements

calculated from the 2026 figures

  • Profit for five years in a row

    Net result has been positive in 2021–2026.

    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 Hitachi Rail Denmark A/S
Financial yearPeriodPublishedFigures forDocuments
202601/04/2025 – 31/03/202625/09/2026The companyPDF not statedXBRL
202501/01/2024 – 31/03/202507/10/2025The companyPDF not statedXBRL
202301/01/2023 – 31/12/202312/07/2024The companyPDFXBRL
202201/01/2022 – 31/12/202218/07/2023The companyPDFXBRL
202101/01/2021 – 31/12/202127/07/2022The companyPDFXBRL
202001/01/2020 – 31/12/202004/08/2021The 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
02040608010009/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/2608/26
Employees

Position in the industry

1,661 companies in the database

Comparison with the other companies in computer programming activities based on the latest financial year.

Gross profitDKK 102.2mNo. 45 of 1,656
Better than 97% of the companies in the industry
EquityDKK 318.7mNo. 9 of 1,661
Better than 100% of the companies in the industry
Number of employees88No. 62 of 1,661
Better than 96% of the companies in the industry

Industry median: gross profit DKK 2.6m, net profit DKK 93,491, equity DKK 1m, 4 employees.

DKK 100kDKK 978kDKK 9.6mDKK 93.7mDKK 428.6mHere
Distribution of gross profit for 1,474 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 50–199 employees4,467 companies in the comparison
No. 635of 4,412
Better than 86%
No. 224of 4,466
Better than 95%
Same industry and 50–199 employees99 companies in the comparison
No. 29of 99
Better than 71%
No. 2of 99
Better than 99%
Companies that are between 15 and 29 years old24,910 companies in the comparison
No. 703of 24,791
Better than 97%
No. 527of 24,909
Better than 98%
All companies of type A/S18,025 companies in the comparison
No. 1,536of 17,786
Better than 91%
No. 1,005of 18,024
Better than 94%

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

Computer programming activities
Gross profit
  1. Hitachi Rail Denmark A/SDKK 102.2m
  2. Stibo Systems A/SDKK 916.6m
  3. Trackunit ApSDKK 897.1m
Net profit
  1. Hitachi Rail Denmark A/SDKK 118.5m
  2. Stibo Systems A/SDKK 155.9m
  3. Trackunit ApSDKK 206.3m
Equity
  1. Hitachi Rail Denmark A/SDKK 318.7m
  2. Stibo Systems A/SDKK 309.7m
  3. Trackunit ApSDKK 1.7bn
Employees
  1. Hitachi Rail Denmark A/S88
  2. Stibo Systems A/S201
  3. Trackunit ApS249

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
  • Hitachi Rail Limited100%
Hitachi Rail Denmark A/S
Subsidiaries and ownership shares

Subsidiaries are shown only if they are in the database.

Management

4 active registrations

Executive management

Executive management at Hitachi Rail Denmark A/S
NameRoleAppointed
Filipe Manuel De Valsassina SerraCEO01/12/2023

Board of directors

Board of directors at Hitachi Rail Denmark A/S
NameRoleAppointed
Filipe Manuel De Valsassina SerraBoard member01/12/2023
Johannes BoyerChair of the board13/02/2024
Kar Chung ChanBoard member30/09/2024
Founders
Bent Aage Hansen
Former management (30)
Former management at Hitachi Rail Denmark A/S
NameRoleAppointedResigned
Bent Aage HansenCEO06/03/200930/11/2010
Günther Johannes TrummerChair of the board06/03/200930/11/2010
Albert Laurent EskenaziBoard member06/03/200930/11/2010
Eric LenseigneBoard member06/03/200931/05/2012
Karl Georg KöpflerCEO30/11/201001/01/2015
Isabelle, Marie, Helene AzemardChair of the board30/11/201031/05/2012
Monique Paulin Lucie GarnierBoard member30/11/201006/06/2014
Volker SchenkBoard member31/05/201206/06/2014
Glenn PedersenBoard member31/05/201206/06/2014
Raphaël EskinaziChair of the board31/05/201206/06/2014
Serge BertrandBoard member06/06/201415/03/2023
Serge Emmanuel AdrianChair of the board06/06/201416/06/2016
Patrice GilardoniBoard member06/06/201401/08/2019
Marc Jacques Marcel EssigCEO01/01/201520/09/2018
Olivier Maurice Sylvain ConrozierChair of the board16/06/201601/01/2021
Allan Skovgaard HansenDirector24/05/201731/01/2018
Marc Jacques Marcel EssigBoard member24/05/201720/09/2018
Ferdinando Matteo BiniDirector24/05/201720/09/2018
Tommy AyoutyBoard member20/09/201801/12/2023
Tommy AyoutyCEO20/09/201815/03/2023
Camille Romain Sylvain DuvalDirector20/09/201807/10/2020
Cécile, Madeleine, Renée DaburonBoard member01/08/201907/10/2020
Tommi MarjakaartoDirector07/10/202015/03/2023
René Jean-Francois HenrioChair of the board05/02/202115/06/2022
Roger DaixChair of the board15/06/202215/03/2023
Alain René Bernard NicolleBoard member15/03/202301/11/2023
Alain René Bernard NicolleCEO15/03/202301/12/2023
Yves Michel Francis JoannicChair of the board15/03/202313/02/2024
Franciscus Robertus Adrianus WarnauBoard member15/03/202330/09/2024
Martin SøegaardBoard member01/12/202324/05/2024

Signing rule: Selskabet tegnes af den administrerende direktør i forening med et medlem af direktionen, af den administrerende direktør i forening med et bestyrelsesmedlem, af tre bestyrelsesmedlemmer i forening eller af den samlede bestyrelse.

Address and production units

2 active production units

Industriparken 39
2750 Ballerup

Ballerup Municipality · Postcode 2750

Other companies at the address (5)

Production units
Production unitAddressEmployeesP number
Hitachi Rail Denmark A/SIndustriparken 39, 2750 Ballerup731015134069
Hitachi Rail Denmark A/SVejlevej 123, 7000 Fredericia151023923005

Purpose

Selskabets formål er at udvikle, eksportere, importere, sælge, købe og yde service (herunder projektledelse og vedligeholdelse) vedrørende al slags elektronik, herunder elektriske og elektroniske systemer, computer- og kommunikationssystemer, transport-, signal- og sikkerhedsløsninger, maskiner, produkter og processer og reservedele hertil til både civile og militære formål, samt dermed beslægtet virksomhed, inklusive besiddelse af ejerandele i selskaber eller andre aktiver.

The purpose is quoted from the register in Danish.

Changes year by year

85 registered events
20264 changesaccounts 1 · name 1 · ownership 2
  • Annual report for 2026 published
  • Name changed from Hitachi Rail GTS Denmark A/S to Hitachi Rail Denmark A/S
  • Hitachi Rail Limited registered as owner (100%)
  • HITACHI RAIL GTS HOLDING LIMITED is no longer registered as owner
20251 changeaccounts 1
  • Annual report for 2025 published
20247 changesmanagement 5 · accounts 1 · name 1
  • Kar Chung Chan appointed board member
  • Franciscus Robertus Adrianus Warnau stepped down as board member
  • Annual report for 2023 published
  • Name changed from Ground Transportation Systems Denmark A/S to Hitachi Rail GTS Denmark A/S
  • Martin Søegaard stepped down as board member
  • Johannes Boyer appointed chair of the board
  • Yves Michel Francis Joannic stepped down as chair of the board
202317 changesmanagement 14 · accounts 1 · ownership 2
  • Martin Søegaard appointed board member
  • Filipe Manuel De Valsassina Serra appointed ceo
  • Filipe Manuel De Valsassina Serra appointed board member
  • Alain René Bernard Nicolle stepped down as ceo
  • Tommy Ayouty stepped down as board member
  • Alain René Bernard Nicolle stepped down as board member
  • Annual report for 2022 published
  • Alain René Bernard Nicolle appointed board member
  • Franciscus Robertus Adrianus Warnau appointed board member
  • Yves Michel Francis Joannic appointed chair of the board
  • Alain René Bernard Nicolle appointed ceo
  • Roger Daix stepped down as chair of the board
  • Tommi Marjakaarto stepped down as director
  • Tommy Ayouty stepped down as ceo
  • Serge Bertrand stepped down as board member
  • HITACHI RAIL GTS HOLDING LIMITED registered as owner (100%)
  • Thales Europe S.A.S. is no longer registered as owner
20224 changesname 1 · accounts 1 · management 2
  • Name changed from Thales Denmark A/S to Ground Transportation Systems Denmark A/S
  • Annual report for 2021 published
  • Roger Daix appointed chair of the board
  • René Jean-Francois Henrio stepped down as chair of the board
20214 changesaddress 1 · accounts 1 · management 2
  • Moved to Industriparken 39, 2750 Ballerup
  • Annual report for 2020 published
  • René Jean-Francois Henrio appointed chair of the board
  • Olivier Maurice Sylvain Conrozier stepped down as chair of the board
20203 changesmanagement 3
  • Tommi Marjakaarto appointed director
  • Cécile, Madeleine, Renée Daburon stepped down as board member
  • Camille Romain Sylvain Duval stepped down as director
20192 changesmanagement 2
  • Cécile, Madeleine, Renée Daburon appointed board member
  • Patrice Gilardoni stepped down as board member
20187 changesmanagement 7
  • Tommy Ayouty appointed ceo
  • Camille Romain Sylvain Duval appointed director
  • Tommy Ayouty appointed board member
  • Ferdinando Matteo Bini stepped down as director
  • Marc Jacques Marcel Essig stepped down as board member
  • Marc Jacques Marcel Essig stepped down as ceo
  • Allan Skovgaard Hansen stepped down as director
20173 changesmanagement 3
  • Ferdinando Matteo Bini appointed director
  • Allan Skovgaard Hansen appointed director
  • Marc Jacques Marcel Essig appointed board member
20162 changesmanagement 2
  • Olivier Maurice Sylvain Conrozier appointed chair of the board
  • Serge Emmanuel Adrian stepped down as chair of the board
20154 changesname 1 · address 1 · management 2
  • Name changed from THALES TRANSPORTATION, SIGNALLING & SECURITY SOLUTIONS A/S to Thales Denmark A/S
  • Moved to Telefonvej 8D, 2860 Søborg
  • Marc Jacques Marcel Essig appointed ceo
  • Karl Georg Köpfler stepped down as ceo
20147 changesmanagement 7
  • Serge Bertrand appointed board member
  • Patrice Gilardoni appointed board member
  • Serge Emmanuel Adrian appointed chair of the board
  • Glenn Pedersen stepped down as board member
  • Raphaël Eskinazi stepped down as chair of the board
  • Volker Schenk stepped down as board member
  • Monique Paulin Lucie Garnier stepped down as board member
20131 changeindustry 1
  • Industry changed to Computerprogrammering (620100)
20125 changesmanagement 5
  • Glenn Pedersen appointed board member
  • Raphaël Eskinazi appointed chair of the board
  • Volker Schenk appointed board member
  • Isabelle, Marie, Helene Azemard stepped down as chair of the board
  • Eric Lenseigne stepped down as board member
20111 changeaddress 1
  • Moved to Strandgade 24D, 1401 København K
20106 changesmanagement 6
  • Isabelle, Marie, Helene Azemard appointed chair of the board
  • Monique Paulin Lucie Garnier appointed board member
  • Karl Georg Köpfler appointed ceo
  • Günther Johannes Trummer stepped down as chair of the board
  • Albert Laurent Eskenazi stepped down as board member
  • Bent Aage Hansen stepped down as ceo
20097 changesindustry 1 · founded 1 · management 4 · ownership 1
  • Industry changed to Installation of industrial machinery and equipment (332000)
  • Registered as THALES TRANSPORTATION, SIGNALLING & SECURITY SOLUTIONS A/S
  • Günther Johannes Trummer appointed chair of the board
  • Eric Lenseigne appointed board member
  • Albert Laurent Eskenazi appointed board member
  • Bent Aage Hansen appointed ceo
  • Thales Europe S.A.S. registered as owner (100%)

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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. The company is protected against advertising; contact details are not shown, and the data must not be used for marketing.

View in CVRReport a correction