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HM Entreprenør A/S

Public limited companyCVR 10135567HorsensActive

HM Entreprenør A/S is a public limited company, based in Horsens, active in site preparation, founded in 2003. Net profit rose 776% from 2024 to 2025, ending at DKK 16.5m. Measured by gross profit, it ranks no. 3 of 276 companies in the industry in the database. With 78 employees, the company is about 16 times larger than the industry median.

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Key figures · financial year 2025

RevenueDKK 244.6m−33.1% vs. 2024
Net profitDKK 16.5m+775.9% vs. 2024
EquityDKK 25.5m−67.7% vs. 2024
Employees78latest month from CVR

What has changed

calculated from recorded figures and dates

Financials: 2025 against 2024

  • Gross profit fell 1% (2024 → 2025), to DKK 68.6m.
  • Revenue fell 33% (2024 → 2025), to DKK 244.6m.
  • Net profit rose 776% (2024 → 2025), to DKK 16.5m.
  • Equity fell 68% (2024 → 2025), to DKK 25.5m.

Management and owners, last 24 months

  • New in management: Henning Barsøe (chair of the board, 07/08/2025), Michael Søndergaard (board member, 07/08/2025) and Michael Thorup Mortensen (director, 29/09/2026) (+1).
  • Stepped down: Mads Walter Kloster (board member, 07/08/2025), Peter Heide Wessel (chair of the board, 07/08/2025) and Michael Thorup Mortensen (ceo, 07/08/2025) (+1).

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 10mDKK 20mDKK 30mDKK 40mDKK 50mDKK 60mDKK 70mDKK 80m202020212022202320242025
EquityNet profit
Financial figures for HM Entreprenør A/S
202020212022202320242025Change
Revenue286,343411,031487,455457,640365,780244,649−33.1%
Gross profit82,634129,81783,415106,63969,39468,557−1.2%
Operating profit (EBIT)30,68461,09824,94241,9423,62022,493+521.3%
Profit before tax29,93460,86024,58742,0182,68521,401+697.1%
Net profit23,28947,28619,02032,6401,88116,475+775.9%
Total assets113,527186,063181,941197,333300,72265,519−78.2%
Equity49,69071,97744,49677,13679,01725,493−67.7%
Liabilities49,303103,541127,79996,480212,10728,232−86.7%
Cash and cash equivalents38,78472,25840,19323,20373,40131,278−57.4%
Average number of employees90759310210371−31.1%

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.

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

DKK 0DKK 20mDKK 40mDKK 60mDKK 80mDKK 100mDKK 120m202020212022202320242025
Gross profitMedian, the industry (277 companies)

Signals from the financial statements

calculated from the 2025 figures

  • Equity fell sharply

    Equity fell 68% from 2024 to 2025 (DKK 79m to DKK 25.5m).

    How is this calculated?

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

  • Fewer employees

    The number of employees fell 31% from 103 in 2024 to 71 in 2025.

    How is this calculated?

    The number of employees according to the annual report has fallen by at least 25%, and was at least 10 the year before.

  • 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 HM Entreprenør A/S
Financial yearPeriodPublishedFigures forDocuments
202501/10/2024 – 30/09/202501/12/2025The companyPDF not statedXBRL
202401/10/2023 – 30/09/202426/03/2025The companyPDFXBRL
202301/10/2022 – 30/09/202307/12/2023The companyPDFXBRL
202201/10/2021 – 30/09/202219/12/2022The companyPDFXBRL
202101/10/2020 – 30/09/202117/11/2021The companyPDFXBRL
202001/10/2019 – 30/09/202016/11/2020The 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
02040608010012014016018009/2310/2311/2312/2301/2402/2403/2404/2405/2406/2407/2408/2409/2410/2411/2412/2401/2502/2503/2504/2505/2506/2507/2508/2509/2510/2511/2512/2501/2602/2603/2604/2605/2606/2607/2608/26
Employees

Position in the industry

277 companies in the database

Comparison with the other companies in site preparation based on the latest financial year.

Gross profitDKK 68.6mNo. 3 of 276
Better than 99% of the companies in the industry
EquityDKK 25.5mNo. 13 of 277
Better than 96% of the companies in the industry
Number of employees78No. 5 of 277
Better than 99% of the companies in the industry

Industry median: gross profit DKK 2.9m, net profit DKK 202k, equity DKK 1.3m, 5 employees.

DKK 115kDKK 654kDKK 3.7mDKK 21.3mDKK 68.2mHere
Distribution of gross profit for 266 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. 1,201of 4,412
Better than 73%
No. 1,929of 4,466
Better than 57%
Same industry and 50–199 employees13 companies in the comparison
No. 3of 13
Better than 83%
No. 9of 13
Better than 33%
Companies that are between 15 and 29 years old24,910 companies in the comparison
No. 1,049of 24,791
Better than 96%
No. 3,805of 24,909
Better than 85%
All companies of type A/S18,025 companies in the comparison
No. 2,206of 17,786
Better than 88%
No. 5,414of 18,024
Better than 70%

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

Site preparation
Gross profit
  1. HM Entreprenør A/SDKK 68.6m
  2. Entreprenør Henning Have A/SDKK 121.8m
  3. Hans Frisesdahl A/SDKK 97.2m
Net profit
  1. HM Entreprenør A/SDKK 16.5m
  2. Entreprenør Henning Have A/SDKK 11.1m
  3. Hans Frisesdahl A/SDKK 8m
Equity
  1. HM Entreprenør A/SDKK 25.5m
  2. Entreprenør Henning Have A/SDKK 52.5m
  3. Hans Frisesdahl A/SDKK 73.1m
Employees
  1. HM Entreprenør A/S78
  2. Entreprenør Henning Have A/S170
  3. Hans Frisesdahl A/S150

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
  • Michael Mortensen ApS100%
HM Entreprenør A/S

Management

4 active registrations

Executive management

Executive management at HM Entreprenør A/S
NameRoleAppointed
Michael Thorup MortensenDirector29/09/2026

Board of directors

Board of directors at HM Entreprenør A/S
NameRoleAppointed
Michael Thorup MortensenBoard member14/12/2022
Henning BarsøeChair of the board07/08/2025
Michael SøndergaardBoard member07/08/2025
Founders
Henning Mathiassen Holding A/S
Former management (29)
Former management at HM Entreprenør A/S
NameRoleAppointedResigned
Johan Dein LadegaardChair of the board31/03/200306/10/2008
Henning MathiassenBoard member31/03/200306/10/2008
Henning MathiassenDirector31/03/200306/10/2008
Bent MathiassenBoard member31/03/200310/12/2004
Ole Møller JespersenBoard member10/12/200415/02/2005
Villy SørensenBoard member15/02/200506/10/2008
Henrik JørgensenBoard member06/10/200819/11/2010
Michael Thorup MortensenBoard member06/10/200808/01/2019
Michael Thorup MortensenDirector06/10/200809/01/2019
Erik JensenChair of the board06/10/200807/11/2014
Finn PedersenBoard member07/11/201425/01/2018
Just KristensenChair of the board07/11/201409/01/2019
Mads Walter KlosterBoard member25/01/201807/08/2025
Michael Thorup MortensenChair of the board09/01/201914/11/2019
Benny KristensenBoard member09/01/201920/09/2019
Benny KristensenCEO09/01/201915/11/2019
Sine MadsenBoard member20/09/201914/11/2019
Michael Thorup MortensenBoard member15/11/201915/11/2021
Michael Thorup MortensenDirector15/11/201916/11/2021
Sine MadsenChair of the board15/11/201909/09/2020
Ole Skov MortensenChair of the board09/09/202015/11/2021
Ole Skov MortensenBoard member16/11/202114/12/2022
Michael Thorup MortensenChair of the board16/11/202113/12/2022
Kasper Lægdsmand LauritsenCEO16/11/202108/09/2023
Peter Heide WesselChair of the board14/12/202207/08/2025
Søren FrederiksenDirector08/09/202301/12/2023
Claus Sigvard PoulsenCEO01/12/202329/05/2024
Michael Thorup MortensenCEO29/05/202407/08/2025
Morten FjerbækDirector07/08/202529/09/2026

Signing rule: Selskabet tegnes af direktøren eller af den samlede bestyrelse.

Address and production units

2 active production units

Orionvej 10
8700 Horsens

Horsens Municipality · Postcode 8700

Other companies at the address (3)

Production units
Production unitAddressEmployeesP number
HM ENTREPRENØR A/SOrionvej 10, 8700 Horsens781002970557
HM ENTREPRENØR A/SKometvej 13, 8700 Horsens01022496545

Purpose

Selskabets formål er entreprenørvirksomhed, handel, rådgivning og hermed beslægtet virksomhed

The purpose is quoted from the register in Danish.

Changes year by year

87 registered events
20262 changesmanagement 2
  • Michael Thorup Mortensen appointed director
  • Morten Fjerbæk stepped down as director
20258 changesaccounts 2 · management 6
  • Annual report for 2025 published
  • Michael Søndergaard appointed board member
  • Henning Barsøe appointed chair of the board
  • Morten Fjerbæk appointed director
  • Michael Thorup Mortensen stepped down as ceo
  • Peter Heide Wessel stepped down as chair of the board
  • Mads Walter Kloster stepped down as board member
  • Annual report for 2024 published
20242 changesmanagement 2
  • Michael Thorup Mortensen appointed ceo
  • Claus Sigvard Poulsen stepped down as ceo
20239 changesaccounts 1 · management 4 · ownership 4
  • Annual report for 2023 published
  • Claus Sigvard Poulsen appointed ceo
  • Søren Frederiksen stepped down as director
  • Søren Frederiksen Holding ApS is no longer registered as owner
  • MICHAEL MORTENSEN ApS registered as owner (100%)
  • K.L. Lauritsen Holding ApS is no longer registered as owner
  • MICHAEL MORTENSEN ApS is no longer registered as owner
  • Søren Frederiksen appointed director
  • Kasper Lægdsmand Lauritsen stepped down as ceo
20225 changesaccounts 1 · management 4
  • Annual report for 2022 published
  • Michael Thorup Mortensen appointed board member
  • Peter Heide Wessel appointed chair of the board
  • Ole Skov Mortensen stepped down as board member
  • Michael Thorup Mortensen stepped down as chair of the board
202113 changesaccounts 1 · management 6 · ownership 6
  • Annual report for 2021 published
  • Ole Skov Mortensen appointed board member
  • Kasper Lægdsmand Lauritsen appointed ceo
  • Michael Thorup Mortensen appointed chair of the board
  • Michael Thorup Mortensen stepped down as director
  • Søren Frederiksen Holding ApS registered as owner (10%)
  • K.L. Lauritsen Holding ApS registered as owner (20%)
  • Ole Skov Mortensen stepped down as chair of the board
  • Michael Thorup Mortensen stepped down as board member
  • Søren Frederiksen Holding ApS registered as owner (10%)
  • Søren Frederiksen Holding ApS is no longer registered as owner
  • K.L. Lauritsen Holding ApS registered as owner (20%)
  • K.L. Lauritsen Holding ApS is no longer registered as owner
20203 changesaccounts 1 · management 2
  • Annual report for 2020 published
  • Ole Skov Mortensen appointed chair of the board
  • Sine Madsen stepped down as chair of the board
201915 changesmanagement 14 · address 1
  • Michael Thorup Mortensen appointed director
  • Sine Madsen appointed chair of the board
  • Michael Thorup Mortensen appointed board member
  • Benny Kristensen stepped down as ceo
  • Sine Madsen stepped down as board member
  • Michael Thorup Mortensen stepped down as chair of the board
  • Sine Madsen appointed board member
  • Benny Kristensen stepped down as board member
  • Moved to Orionvej 10, 8700 Horsens
  • Benny Kristensen appointed ceo
  • Benny Kristensen appointed board member
  • Michael Thorup Mortensen appointed chair of the board
  • Just Kristensen stepped down as chair of the board
  • Michael Thorup Mortensen stepped down as director
  • Michael Thorup Mortensen stepped down as board member
20182 changesmanagement 2
  • Mads Walter Kloster appointed board member
  • Finn Pedersen stepped down as board member
20171 changeaddress 1
  • Moved to Orionvej 10, 8700 Horsens
20143 changesmanagement 3
  • Finn Pedersen appointed board member
  • Just Kristensen appointed chair of the board
  • Erik Jensen stepped down as chair of the board
20101 changemanagement 1
  • Henrik Jørgensen stepped down as board member
20091 changeaddress 1
  • Moved to Snaptunvej 11, Glud, 7130 Juelsminde
200811 changesname 1 · management 8 · ownership 1 · industry 1
  • Name changed from HENNING MATHIASSEN A/S to HM ENTREPRENØR A/S
  • Michael Thorup Mortensen appointed board member
  • Erik Jensen appointed chair of the board
  • Michael Thorup Mortensen appointed director
  • Henrik Jørgensen appointed board member
  • Villy Sørensen stepped down as board member
  • Henning Mathiassen stepped down as board member
  • Henning Mathiassen stepped down as director
  • Johan Dein Ladegaard stepped down as chair of the board
  • MICHAEL MORTENSEN ApS registered as owner (66.67%)
  • Industry changed to Site preparation (431200)
20072 changesaddress 1 · industry 1
  • Moved to Ørridslevvej 19, 8732 Hovedgård
  • Industry changed to Nedrivnings- og jordarbejdsentreprenører (451100)
20052 changesmanagement 2
  • Villy Sørensen appointed board member
  • Ole Møller Jespersen stepped down as board member
20042 changesmanagement 2
  • Ole Møller Jespersen appointed board member
  • Bent Mathiassen stepped down as board member
20035 changesfounded 1 · management 4
  • Registered as HENNING MATHIASSEN A/S
  • Henning Mathiassen appointed board member
  • Bent Mathiassen appointed board member
  • Henning Mathiassen appointed director
  • Johan Dein Ladegaard appointed chair of the board

Related companies

Same people in management

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